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Long-Term Trends in Public Finances in the G-7 Economies, IMF Staff Position Note, September 1, 2010 SPN/10/13, Carlo Cottarelli and Andrea Schaechter “Todays record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, …
Default in Today’s Advanced Economies: Unnecessary, Undesirable, and Unlikely, Carlo Cottarelli, Lorenzo Forni, Jan Gottschalk, and Paolo Mauro, IMF Staff Position Note, September 1, 2010, SPN/10/12 “The state of the public finances has worsened substantially in the main advanced economies as a result of the 200809 global financial and economic crisis. For some peripheral European …
August 2010 Manufacturing ISM Report On Business® – PMI at 56.3%. New Orders, Production and Employment Growing, Supplier Deliveries Slower, Inventories Growing “Economic activity in the manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th consecutive month, say the nation’s supply executives in the latest Manufacturing …
U.S. Unauthorized Immigration Flows Are Down Sharply Since Mid-Decade by Jeffrey Passel and D’Vera Cohn “The annual inflow of unauthorized immigrants to the United States was nearly two-thirds smaller in the March 2007 to March 2009 period than it had been from March 2000 to March 2005, according to new estimates by the Pew Hispanic …
Pipeline Security: TSA Has Taken Actions to Help Strengthen Security, but Could Improve Priority-Setting and Assessment Processes, GAO-10-867, August 04, 2010 “The United States depends on avast network of pipelines to transport energy. GAO was asked to review the Transportation Security Administrations (TSA) efforts to help ensure pipeline security. This report addresses the extent to …
2009 Yearbook of Immigration Statistics, Office of Immigration Statistics, Homeland Security, August 2010 “Statistical data on immigration have been published annually by the U.S. government since the 1890s. Over the years, the federal agencies responsible for reporting on immigration have changed, as have the content, format, and title of the annual publication. Currently, immigration data …
Young Children of Immigrants: The Leading Edge of America’s Future, Karina Fortuny, Donald J. Hernandez, Ajay Chaudry, Publication Date: August 31, 2010 “Children of immigrants have nearly doubled as a share of pre-K to 3rd grade students since 1990. The share of children under age 8 with immigrant parents stood at 24 percent in 2008, …
Sustainable Real Exchange Rates in the New EU Member States: What did the Great Recession Change? Jan Babecký, Ale Bulíř, and Kateřina mídková, August 2010 “The Great Recession affected export and import patterns in our sample countries, and these changes, coupled with a more volatile external environment, have profound impact on our estimates of real …
President Obamas Address on Iraq…the text, as prepared for delivery, of President Obamas address from the Oval Office on Tuesday night, provided by the White House: “The Americans who have served in Iraq completed every mission they were given. They defeated a regime that had terrorized its people. Together with Iraqis and coalition partners who …
Productivity and Costs by Industry: Wholesale Trade, Retail Trade, and Food Services and Drinking Places Industries, 2009: “Labor productivity – defined as output per hour – fell in wholesale trade, but rose in retail trade and in food services and drinking places, in 2009, the Bureau of Labor Statistics reported today. Productivity changes were as …
News release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improvement from the $4.4 billion net loss the industry posted in the second quarter of 2009. This is the highest quarterly earnings total since …
News release: “The Federal Reserve Board on Tuesday announced its approval of the application by China Investment Corporation, Beijing, People’s Republic of China, to acquire indirectly up to 10 percent of the voting shares of Morgan Stanley, New York, New York. Attached is the Board’s Order relating to this action.” Related postings on financial system
