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Category Archives: Financial System

Report to Congress: DATA Act Pilot Program

Report to Congress: DATA Act Pilot Program, Office of Management and Budget, August 10, 2017.

“In May 2017, the Administration enabled a new view of Federal spending that for the first time, linked Federal account information to awards. This represents the successful implementation of the centerpiece of the Digital Accountability and Transparency Act of 2014 (DATA Act) (Pub.L. No. 113-101). Reaching this milestone was the culmination of three years of effort by the Office of Management and Budget (OMB) and partner Federal agencies to transform the manner in which Federal financial information is provided to the public. The effort began with the standardization of key data elements shared across multiple functions, continued with the development of new linkages across government management processes, and resulted in an innovative new public display. The authors of the DATA Act believed that the increased interoperability of financial data systems could dramatically improve the efficiency of the Federal government, and significantly reduce the financial reporting burden of grantees, contractors and other parties that partner with the government…”

OpenCorporates posts French company registration database

opencorporates blog: “It is thanks to the persistence, effort, and hard-work from open data advocates both inside and outside government that French companies are now available as open data. Since January, France’s Institut National de la Statistique et des Études Économiques (INSEE) has published the official “SIRENE” company registration database as open data, and after extensive… Continue Reading

Recent Trends in U.S. Services Trade: 2017 Annual Report

United States International Trade Commission – Recent Trends in U.S. Services Trade: 2017 Annual Report, May 2017 “Recent Trends in U.S. Services Trade: 2017 Annual Report focuses on U.S. exports and imports of professional services, particularly accounting and auditing, architecture and engineering, legal, and management consulting services. In 2015, the United States exported $139.7 billion… Continue Reading

WaPo published Trump hotel data removed from GSA website

“On Thursday [August 10, 2017] afternoon, three documents providing detailed financial information about President Trump’s D.C. hotel could be found posted on the website of the General Services Administration. Later that night, they were gone. What happened? First, some background. The hotel is in the Old Post Office Pavilion, a government-owned property managed by the GSA.… Continue Reading

The Fate of Online Trust in the Next Decade

Pew report – The Fate of Online Trust in the Next Decade: “Many experts say lack of trust will not be a barrier to increased public reliance on the internet. Those who are hopeful that trust will grow expect technical and regulatory change will combat users’ concerns about security and privacy. Those who have doubts… Continue Reading

National Information Center – central repository of data about banks and other institutions in which Federal Reserve has supervisory, regulatory, or research interest

“The National Information Center (NIC) provides comprehensive information on banks and other institutions for which the Federal Reserve has a supervisory, regulatory, or research interest including both domestic and foreign banking organizations operating in the U.S. The NIC Public Web Site is an interface to the NIC data, which may be accessed by selecting “Institution… Continue Reading

Bank of America, Samsung pilot iris-scan logins

American Banker – “This month, Bank of America will begin piloting technology from Samsung that lets customers log in to mobile banking by taking a picture of their eye. The pilot is part of a broader effort to gauge customers’ affinity for various forms of biometric authentication, says Michelle Moore, head of digital banking at… Continue Reading

Partisan Shifts in Views of the Nation, but Overall Opinions Remain Negative

Pew – “Republicans have become far more upbeat about the country and its future since before Donald Trump’s election victory. By contrast, Democrats have become much less positive. As a result, opinions among the public overall have shown little change – and remain about as negative they were in Barack Obama’s final year in office.… Continue Reading

Fortune 500 from 1955 – how American economy has changed

“The first-ever Fortune 500 was published in 1955. 60 years later we look back at where the companies from the head of the class—Fortune 500 companies 1-10, with revenues ranging from $1.7-$9.8 billion—are now. Some no longer exist, some exist by another name and/or as shadows of their former corporate selves, and some still stand… Continue Reading

More U.S. households are renting than at any point in 50 years

“A decade after the housing bust upended the lives of millions of Americans, more U.S. households are headed by renters than at any point since at least 1965, according to a Pew Research Center analysis of Census Bureau housing data. The total number of households in the United States grew by 7.6 million between 2006… Continue Reading

CRS – US Role in the World: Background and Issues for Congress

U.S. Role in the World: Background and Issues for Congress, Ronald O’Rourke, Specialist in Naval Affairs; Michael Moodie, Assistant Director and Senior Specialist in Foreign Affairs, Defense and Trade. July 12, 2017. “The overall U.S. role in the world since the end of World War II in 1945 (i.e., over the past 70 years) is… Continue Reading

Axios – The sky-high pay of health care CEOs belies effort to kill ACA

Bob Herman – AXIOS: “The CEOs of 70 of the largest U.S. health care companies cumulatively have earned $9.8 billion in the seven years since the Affordable Care Act was passed, and their earnings have grown faster than most Americans’ during that time, according to an Axios analysis of federal financial documents.Why it matters: The… Continue Reading