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Category Archives: Financial System

An update to the Economic Outlook: 2018 to 2028

CBO – An Update to the Economic Outlook: 2018 to 2028 – “In CBO’s updated projections, real gross domestic product (GDP) grows by 3.1 percent in 2018 and 2.4 percent in 2019. In both years, growth in actual GDP outpaces growth in potential (that is, maximum sustainable) GDP, creating excess demand in the economy and further lowering the unemployment rate. In CBO’s forecast, that excess demand leads to higher inflation and interest rates—which, along with slower growth of federal outlays, restrain demand and slow GDP growth after 2019. By 2022, the excess demand in the economy disappears. From 2023 to 2028, real GDP grows by about 1.7 percent each year—close to CBO’s estimate of the economy’s maximum sustainable rate of growth.”

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PEG White paper: Towards a Standardized Framework for Media Blockchain

Via David Gerard – author of Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts – See JPEG White paper: Towards a Standardized Framework for Media Blockchain. “On the JPEG initiative for standardization of media blockchain, exploring relevant standardization activities, industrial needs and use cases.” ISO/IEC JT1/SC29/WG1 WG1 N80019 Editors: Frederik Temmermans,… Continue Reading

Paper – Why Britain Voted for Brexit

Britain’s Populist Revolt – A scholarly analysis of Why Britain Voted for Brexit, written by Matthew Goodwin, professor of politics at the University of Kent. [research paper, 2017]: “More than two years have passed since Britain voted for Brexit. Ever since that moment, the vote to leave the European Union has routinely been framed as… Continue Reading

For most U.S. workers, real wages have barely budged in decades

Pew Research Center: “On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s been in nearly two decades (3.9% as of July) and the nation’s private-sector employers have been adding jobs for 101 straight months – 19.5 million since the Great Recession-related cuts finally abated… Continue Reading

Actions Needed to Improve National Nuclear Security Administration Contract Document Management

Management Report: Actions Needed to Improve National Nuclear Security Administration Contract Document Management. GAO-18-246R: Published: Aug 1, 2018. Publicly Released: Aug 1, 2018. “The National Nuclear Security Administration spent over $11 billion in 2016 on management and operating contracts at the federal sites that maintain the U.S. nuclear weapons arsenal, among other things. We found… Continue Reading

Foreign Economic Espionage in Cyberspace 2018

Foreign Economic Espionage in Cyberspace 2018 – Economic cyber espionage will only get worse, ODNI report says “In the 2011 report to Congress on Foreign Spies Stealing U.S. Economic Secrets in Cyberspace, the Office of the National Counterintelligence Executive provided a baseline assessment of the many dangers facing the U.S. research, development, and manufacturing sectors… Continue Reading

Interconnectedness of companies through shared board members

Data Interview Qs: “Many executives in public companies sit on multiple boards of directors, meaning they have a vested interest in multiple companies. For example, if a board member sits on both Company A and Company B, then it’s in this individual’s best interest to ensure that Company A’s decisions don’t negatively impact Company B,… Continue Reading

Special IG reports U.S. wasted more than $15 billion in past 11 years in Afghanistan

NBC News: “The watchdog charged with tracking government spending in Afghanistan has released its first estimate of the total amount of money wasted there — a staggering $15.5 billion over 11 years — but says even that figure is probably “only a portion.” In response to a request from three congressman in 2017, the Special… Continue Reading

Axios – Corporate CEOs took home more than you think

Axios Research and Analysis: “The CEOs running S&P 500 companies cumulatively took home $10 billion in 2017, an amount that is 44% higher than what is usually reported, according to an Axios analysis of Securities and Exchange Commission filings. The big reason: CEOs cashing in their stock. Why it matters: Annual proxy filings bury the… Continue Reading

District Court denies motion to dismiss case re Trump hotel profits from foreign and state officials

The New York Times: “A lawsuit accusing President Trump of violating the Constitution by maintaining a financial interest in his company’s Washington hotel cleared a critical hurdle on Wednesday when a federal judge allowed the case to move forward. In the first judicial opinion to define how the meaning of the Constitution’s anticorruption clauses should… Continue Reading

New on LLRX – Web Guide for the New Economy 2018

Via LLRX – Web Guide for the New Economy 2018 – This new comprehensive guide to reliable and wide ranging resources on the New Economy by Marcus Zillman provides researchers who focus on law, finance and business sectors with many options from which to choose specific to sources of data, analytical information, statistics and knowledge… Continue Reading

GAO – Only One-Quarter of Agencies Publishing Timely, Accurate Spending Data

NextGov: “Eight agencies submitted financial data that was more than 75 percent wrong. Nearly three-quarters of federal agencies failed to meet internal auditors’ quality standards when publishing financial data, according to a congressional watchdog. Under the Digital Accountability and Transparency Act, agencies must use a standard framework when submitting quarterly spending data to the Treasury… Continue Reading