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News release: “…today’s topic is going to cover a different kind of vulnerability, not the vulnerability to identity but the vulnerability to the physical world in which we operate. That is our critical infrastructure. And I want in particular to talk about how these vulnerabilities look to me as we enter the 21st century, and …
“The Treasury Department and the Federal Housing Finance Agency, with support from the Federal Reserve, announced actions today regarding the housing government sponsored enterprises to protect the financial system, to support the housing market, and to protect the taxpayers.” Paulson Remarks on Housing GSE Actions FHFA Director Lockhart Remarks on Housing GSE Actions Fact Sheet: …
Times of India: “Jane’s Information Group came up with a report on Wednesday saying China is the fourth biggest military spender while India is in the 10th position in this context. Jane’s Industry Quarterly said China spent $58 billion in 2008 while India’s spending was nearly half of it. The top three spenders are the …
Climate Projections Based on Emissions Scenarios for Long-Lived and Short-Lived Radiatively Active Gases and Aerosols, U.S. Climate Change Science Program, Synthesis and Assessment Product 3.2, September 2008. “This U.S. Climate Change Science Program (CCSP) Synthesis and Assessment Product provides a different emphasis. We first examine the effect of long-lived greenhouse gases on the global climate …
Employment Situation Summary, August 2008: “The unemployment rate rose from 5.7 to 6.1 percent in August, and non-farm payroll employment continued to trend down (-84,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. In August, employment fell in manufacturing and employment services, while mining and health care continued to add …
AP: “The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for taxpayers and the economy. Fannie Mae and Freddie Mac together hold or back half of the nation’s mortgage …
News release: “U.S. Secretary of Transportation Mary E. Peters today directed the Federal Highway Administration to take immediate steps to protect the solvency of the highway account of the Highway Trust Fund and called on Congress to act quickly to finally address this long-predicted problem…The Secretary said the legislation was needed now because Congress had …
What the Candidates Said: Compare speeches: “Speeches used in this project were, in as many cases as possible, those given by the candidates in acceptance of their party’s nomination. James M. Cox, the Democratic candidate in 1920, accepted his nomination in a telegram of about 125 words; for his portion, this analysis relies on a …
News release: “The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 6.41 percent of all loans outstanding at the end of the second quarter of 2008, up six basis points from the first quarter of 2008, and up 129 basis points from one year ago on a seasonally adjusted basis, according to …
Treasury Inspector General for Tax Administration: Unauthorized and Insecure Internal Web Servers Are Connected to the Internal Revenue Service Network, August 26, 2008. Reference Number: 2008-20-159 “We recommended that the Chief Information Officer establish official ownership and assign responsibilities for the web registration program, enforce IRS procedures to block unauthorized web servers from providing data …
National Law Journal (subscription req’d): “The U.S. Court of Appeals for the Federal Circuit affirmed a $1 billion damages award by the U.S. Court of Federal Claims for the government’s breach of oil and gas leases held by 11 companies — what court watchers say may be the largest single award by the claims court …
Monthly Budget Review, September 2008 – Based on the Monthly Treasury Statement for July and the Daily Treasury Statements for August. “The federal budget deficit was $486 billion in the first 11 months of fiscal year 2008, CBO estimates, $212 billion more than the shortfall recorded over the same period last year. CBO anticipates that …
