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Audit of SECs Employee Recognition Program and Recruitment, Relocation, and Retention Incentives, Office of Inspector General, August 2, 2011 “…we found that the SECs budgeting processes for awards and incentives for SK2 employees are flawed and ineffective. The SECs overall award budget for SK (SEC pay level used in lieu of GS) staff and average …
Taxing Financial Transactions: An Assessment of Administrative Feasibility. John D. Brondolo, August 01, 2011 “This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines the factors …
Empowering Local Partners to Prevent Violent Extremism, August 3, 2011 “Our central goal in this effort is to prevent violent extremists and their supporters from inspiring, radicalizing, financing, or recruiting individuals or groups in the United States to commit acts of violence. The U.S. Government will work tirelessly to counter support for violent extremism and …
Firms Reported in Open Sources as Having Commercial Activity in Iran’s Oil, Gas, and Petrochemical Sectors, GAO-11-855R, August 3, 2011 “Using open source information, we identified 16 foreign firms that had commercial activity in Iran’s oil, gas, and petrochemical sectors from January 2010 through May 2011, including 2 firms not listed in our prior report. …
Mapping global capital markets 2011, August 2011 “The 2008 financial crisis and worldwide recession halted a three-decade expansion of global capital and banking markets. Today, growth has resumed, fueled by expansion in developing economies but also a $4.4 trillion increase in sovereign debt. The total value of the worlds financial stock, comprising equity market capitalization …
“Unemployment rates were lower in June than a year earlier in 224 of the 372 metropolitan areas, higher in 127 areas, and unchanged in 21 areas, the U.S. Bureau of Labor Statistics reported today. Twelve areas recorded jobless rates of at least 15.0 percent, while nine areas registered rates of less than 5.0 percent. Two …
McKinsey & Company: “Although we began work on Reimagining Japan long before the earthquake hit, the issues the book addresses are no less relevant in its aftermath. When it comes to the forces of nature, all any country can do is try to anticipate and then to react intelligently. The same is true of man-made …
Trends: Reduced Earnings for Men in America, by Michael greenstone and Adam Looney “Over the past 40 years, a period in which U.S. GDP per capita more than doubled after adjusting for inflation, the annual earnings of the median prime-aged male has actually fallen by 28 percent. Indeed, males at the middle of the wage …
Draft of the High-level Principles on Financial Consumer Protection for public consultation, August 1, 2011 “Financial consumer protection should be an integral part of the legal and regulatory framework, and should reflect the diversity of national circumstances and global market and regulatory developments in the financial sector. Regulation should reflect and be proportionate to the …
The value of repeat lending – by Blaise Gadanecz, Alper Kara and Philip Molyneux. Working Papers No 350, July 2011 “The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects …
One-In, One-Out (OIOO) Methodology, July 2011. Overview of OIOO: The objectives of the OIOO policy are to: bear down on the cost and volume of regulation in the economy; and encourage departments to implement regulation only as a last resort, having first considered the use of non-regulatory alternatives. The key headlines for the OIOO Rule …
“Queens has among the highest percentages of seriously delinquent mortgages in New York City, only slightly less than the Bronx and Brooklyn. Within the borough there is considerable variation in foreclosure and delinquency rates, with pockets of high concentrations in some neighborhoods. Similar to the Bronx, Queenss year-over-year change in the house price index remains …
