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Tobias Adrian and Michael Fleming, Federal Reserve Bank of New York – “Long-term Treasury yields have risen sharply in recent months. The yield on the most recently issued ten-year note, for example, rose from 1.63 percent on May 2 to 2.74 percent on July 5, reaching its highest level since July 2011. Increasing yields result in realized or mark-to-market losses …
CRS – The U.S. Postal Service’s Financial Condition: A Primer “Since 1971, the U.S. Postal Service (USPS) has been a self-supporting government agency that covers its operating costs with revenues generated through the sales of postage and related products and services. The USPS is experiencing significant financial challenges. After running modest profits from FY2003 through …
Skin in the Game as a Required Heuristic for Acting Under Uncertainty, Constantine Sandis, Oxford Brooks; Nassim Nicholas Taleb, NYU-Poly; Université Paris I Panthéon-Sorbonne – Centre d’Economie de la Sorbonne (CES). July 25, 2013. “We propose a global and morally mandatory heuristic that anyone involved in an action which can possibly generate harm for others, …
“The American legal profession, the nation’s law schools, and the American Bar Association have collaborated over several generations to create a system of legal education that is widely envied around the world. At present, the system faces considerable pressure prompted by rising tuition, large amounts of student debt, falling applications, and limited availability of jobs …
At What Cost? How Student Debt Reduces Lifetime Wealth by Robert Hiltonsmith, Demos, August 2013 “Student debt has skyrocketed over the past decade, quadrupling from just $240 billion in 2003 to more than $1 trillion today. If current borrowing patterns continue, student debt levels will reach $2 trillion in 2025. Average debt levels have risen …
The Merchants of Wall Street: Banking, Commerce, and Commodities – Saule T. Omarova, University of North Carolina at Chapel Hill School of Law, November 24, 2012 Minnesota Law Review, Vol. 98, 2013 “This article examines the principal legal, policy, and theoretical implications of a transformative – but so far unrecognized – change in the banking …
Measuring Us Against the World – “The United States is one of the richest nations on earth, but on a number of social and economic measures, it is more typical of a developing country. Compared with other advanced nations, it ranks consistently among the worst performers in matters of economic equality and child welfare.” Related …
The New Sick-onomy? Examining the Entrails of the U.S. Employment Situation – Blog Post by Daniel Alpert, on July 23, 2013 “Over 69 percent of the jobs created in Q2 2013 and over 57 percent of all the jobs created in the first half of 2013 were created in the three lowest wage sub-sectors of …
Shahien Nasiripour and Jan Diehm – via Huffington Post: College students and their families are set to enjoy lower borrowing costs this fall at the expense of future borrowers under a measure approved by Congress and to be signed into law by President Barack Obama. The proposal overwhelmingly passed the House of Representatives on Wednesday with nearly 400 votes. …
“Global growth is projected to remain subdued at slightly above 3 percent in 2013, the same as in 2012. This is less than forecast in the April 2013 World Economic Outlook (WEO), driven to a large extent by appreciably weaker domestic demand and slower growth in several key emerging market economies, as well as by a more …
Critical Infrastructure Protection – DHS Needs to Improve Its Risk Assessments and Outreach for Chemical Facilities, GAO-13-801T, Aug 1, 2013 Medicare – Higher Use of Costly Prostate Cancer Treatment by Providers Who Self-Refer Warrants Scrutiny, GAO-13-525, Jul 19, 2013 DOD’s POW/MIA Mission – Capability and Capacity to Account for Missing Persons Undermined by Leadership Weaknesses …
Knowledge@Wharton: “When the suburban boom took off in the U.S. in the 1950s, many middle class families moved to those communities as a way to escape the country’s increasingly crowded, dirty and financially strapped cities. But now, as many American cities are gradually being revitalized and the suburbs have expanded outward, some of these former …
