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News release: “Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and business services, health care, and transportation and warehousing. Household Survey Data: The number of unemployed persons (13.7 million) and …
News release: “The Federal Trade Commission has finalized a proposed settlement that it announced in June 2010 with social networking site Twitter, which resolved charges that Twitter deceived consumers and put their privacy at risk by failing to safeguard their personal information. The FTC alleged that serious lapses in the companys data security allowed hackers …
Gallup: “Nearly 3 in 10 adults living in Texas (27.8%) do not have health insurance, making it the state with the highest uninsured rate in the country in 2010. Mississippi and Louisiana also have high rates of uninsured residents, with about one in four lacking coverage. By a significant margin, Massachusetts — where state law …
Applicant Experiences with Retirement Insurance Benefit Internet Claim Applications, A-07-10-20167 “To obtain applicants perceptions of the iClaim application and determine whether applicants filing for RIB using the iClaim application were receiving an appropriate level of service from SSA, we discussed their experiences with 200 applicants who filed an RIB iClaim application in May 2010. Based …
Testimony before the Subcommittee on Seapower and Projection Forces, Committee on Armed Services, U.S. House of Representatives, March 10, 2011. “At the direction of the Congress, the Department of the Navy issues annual reports that describe its plans for ship construction over the coming 30 years. The latest reportissued in February and covering fiscal years …
How Federal Agencies Can Effectively Manage Records Created Using New Social Media Tools, Patricia C. Franks, Associate Professor, School of Library & Information Science, San Jose State University “Dr. Franks report addresses the challenges of federal recordkeeping in the social media age. She describes the struggle of agency records managers to keep up with the …
Fannie, Freddie, and the Subprime Mortgage Market, by Mark Calabria, director of financial regulation studies at the Cato Institute – May 7, 2011. “The recent financial crisis was characterized by losses in nearly every type of investment vehicle. Yet no product has attracted as much attention as the subprime mortgage. What is generally agreed is …
News release: “The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market …
Securitization is not that evil after all – by Ugo Albertazzi, Ginette Eramo, Leonardo Gambacorta and Carmelo Salleo, Working Papers No 341, March 2011 “A growing number of studies on the US subprime market indicate that, due to asymmetric information, credit risk transfer activities have perverse effects on banks’ lending standards. We investigate a large …
Reducing the Deficit: Spending and Revenue Options, March 10, 2011 “Federal budget deficits will total $7 trillion over the next decade if current laws remain unchanged, the Congressional Budget Office (CBO) projects. If certain policies that are scheduled to expire under current law are extended instead, deficits may be much larger. Beyond the coming decade, …
Measuring the systemic importance of interconnected banks, by Mathias Drehmann and Nikola Tarashev, Working Papers No 342, March 2011 “We develop a measure of systemic importance that accounts for the extent to which a bank propagates shocks across the banking system and is vulnerable to propagated shocks. Based on Shapley values, this measure gauges the …
You Have No Sovereignty Where We Gather Wikileaks and Freedom, Autonomy and Sovereignty in the Cloud, Balázs Bodó – Budapest University of Technology and Economics; Stanford Law School Center for Internet and Society, March 7, 2011 “Wikileaks represents a new type of (h)activism, which shifts the source of potential threat from a few, dangerous …
