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March 21, 2010
* International World Water Day, March 22, 2010

"International World Water Day is held annually on 22 March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. An international day to celebrate freshwater was recommended at the 1992 United Nations Conference on Environment and Development (UNCED). The United Nations General Assembly responded by designating 22 March 1993 as the first World Water Day. Each year, World Water Day highlights a specific aspect of freshwater. UN-Water is dedicating World Water Day 2010 to the theme of water quality, reflecting its importance alongside quantity of the resource in water management. The World Water Day 2010 and its campaign is envisaged to:

  • Raise awareness about sustaining healthy ecosystems and human well-being through addressing the increasing water quality challenges in water management and
  • Raise the profile of water quality by encouraging governments, organizations, communities, and individuals around the world to actively engage in proactively addressing water quality e.g. in pollution prevention, clean up and restoration,"

Permanent Link        Topic(s): Government Documents
* The 21st Century Corporation: The Ceres Roadmap for Sustainability

News release: Ceres has released the 21st Century Corporation: The Ceres Roadmap to Sustainability as a vision and practical roadmap for integrating sustainability into the DNA of business—from the boardroom to the copy room. It analyzes the drivers, risks and opportunities involved in making the shift to sustainability, and details strategies and results from companies who are taking on these challenges. This Roadmap is designed to provide a comprehensive platform for sustainable business strategy and for accelerating best practices and performance....It calls for significant performance improvements from companies by 2020. Among the report's 20 key expectations for companies:

  • make energy efficiency and renewable energy the foundation for company operations;
  • design and implement closed-loop systems so that air and wastewater emissions are eliminated and zero waste is produced;
  • require 75 percent of top tier suppliers to meet company sustainability performance standards;
  • dedicate 50 percent of R&D investment to developing sustainability solutions;
  • compensate and provide incentives for top executives and other employees to drive sustainability into the business."

Permanent Link        Topic(s): Knowledge Management
* Agriculture IG Report: Oversight of the National Organic Program

Oversight of the National Organic Program, Report No: 01601-03-HY, Issued March 2010

  • "We conducted this audit to assess the effectiveness of the Agricultural Marketing Service’s (AMS) corrective actions implemented in response to our prior audit of the National Organic Program (NOP). We also conducted this audit because of the size and growth of the organic industry as well as the public’s increased interest in purchasing organic products. In 2008, the organic industry had sales of $24.6 billion and had grown between 14 and 21 percent annually over the past decade. The NOP, created in October 2002, has the responsibility to assure consumers that organic products meet uniform standards and that they are appropriately labeled. NOP regulations require that agricultural products labeled as organic originate from farms or handling operations certified by a State or private entity that has been accredited by the U.S. Department of Agriculture (USDA)."
  • * Earth and Atmospheric Science Experts: A Very Inconvenient Truth About Climate Change

    A Very Inconvenient Truth, By Charles H. Greene, D. James Baker, and Daniel H. Miller. Oceanography March 2010 Vol.23, No.1

  • "Studies conducted after those that contributed to the Intergovernmental Panel on Climate Change (IPCC) Fourth Assessment Report (FAR) suggest that human society may be facing a very inconvenient truth—that emission reduction efforts alone are unlikely to stabilize greenhouse gas concentrations at levels low enough to prevent dangerous anthropogenic interference with the climate system. Here, we discuss reasons why the IPCC process is prone to underestimating the threats of global climate change. We then review some of the critical policy-relevant scientific findings that have emerged since the release of the IPCC FAR. Finally, we discuss how these new findings fundamentally transform the debate on efforts needed to prevent dangerous changes to our climate system. It now appears that to avoid such changes, society will likely need to adopt a mixed strategy of reducing greenhouse gas emissions and employing geoengineering approaches that extract carbon dioxide from the atmosphere and/or reduce the level of incoming solar radiation reaching Earth’s surface."
  • * Census Bureau Reports Business Investment Held Steady at $1.38 Trillion in 2008

    News release: "U.S. businesses spent $1.38 trillion on new and used structures and equipment in 2008, of which $1.29 trillion, or 93.7 percent, was spent on new structures and equipment, according to the U.S. Census Bureau. These figures were nearly the same in 2007. These findings come from the Annual Capital Expenditures Survey (ACES), which measures capital investment in new and used structures and equipment by nonfarm businesses. The data for 2008, as in all years ending in “3” or “8,” provide additional information for companies with employees by types of structures and equipment (i.e., machinery, furniture and computers)."

    * Brookings Commentary Calls For Reforms To Our Basic Governing Process

    Broken Politics, Issues in Governance Studies | Number 33. Darrell M. West, Vice President and Director, Governance Studies, The Brookings Institution: "With numerous examples over an extended period of broken politics leading to broken policies, we need to think about ways to reform our political system in ways that enhance our capacity for innovation, leadership, coalition-building, problem-solving, and implementation. We have to understand that failed governance is a problem for people of all political persuasions. While certain elements achieve short-term advantage from gridlock, stalemate, and hyper-partisanship, the system as a whole suffers and Americans grow more cynical. We must get serious about improving institutional performance, administrative infrastructure, and governance processes if we wish to address our policy problems."

  • See also: But Will It Work?: Implementation Analysis to Improve Government Performance, Issues in Governance Studies | Number 32, R. Kent Weaver, Senior Fellow, Governance Studies, The Brookings Institution - "This Issue Brief argues that the United States should adopt a program of Implementation Analysis for major legislative proposals in Congress. Implementation Analysis would be administered by the Government Accountability Office, and would draw on the Congressional Budget Office’s experience with budget scoring of legislative proposals. The Brief outlines major elements of an Implementation Analysis and argues that it could lead to major improvements in policy performance."
  • * Making the Most of Social Media: 7 Lessons from Successful Cities

    "Making the Most of Social Media is written for local governments—cities, counties, townships and their affiliates—that are beginning to experiment with social media and would like to get more out of them. Its emphasis is on the use of specific applications, such as Facebook and Twitter, by government managers and communications directors. More than two dozen “early adopters” were interviewed for this report. Their experiences offer some lessons to local governments about what sorts of tools social media offer, how to integrate them into a busy office, and how to use them creatively to be more effective...Social media command a large and fast-increasing audience. Half of American adults have used at least one of these services, up from just 8% four years ago. Social media users still tend to be young but are growing more representative of the general population each year, and the majority of all adult users are now over the age of 35. These users are creating and sharing a tremendous amount of information: 500 million pieces of content on Facebook every day and 200,000 new blog posts on the Wordpress platform alone. In sum, a broad cross-section of Americans have moved to social media sites in the past half decade and this trend is still accelerating. Social media applications are now main stream."

    * Urban Institute - The Cost of Failure to Enact Health Reform: 2010 - 2020

    The Cost of Failure to Enact Health Reform: 2010 - 2020 (Updated). Bowen Garrett, Matthew Buettgens, Lan Doan, Irene Headen, John Holahan, March 15, 2010

  • "This report assesses the changes in coverage patterns and health care costs that will occur nationally if major reforms are not enacted. The authors find that by 2015, there could be 59.7 million people uninsured. The number could swell to 67.6 million by 2020, up from an estimated 49.4 million in 2010. As premiums nearly double, employees in small firms would see offers of health insurance almost cut in half, dropping from 41 percent of firms offering insurance in 2010 to 23 percent in 2020. Individual spending could jump 34 percent by 2015 and 79 percent by 2020."
  • New York Times: House Approves Health Overhaul, Sending Landmark Bill to Obama
  • Health Care Reconciliation Bill
  • Related postings on health care reform
  • * Judiciary Approves PACER Innovations To Enhance Public Access

    News release: "The Judicial Conference of the United States approved key steps to improve public access to federal courts by increasing the availability of court opinions and expanding the services and reducing the costs for many users of the Public Access to Electronic Court Records (PACER) system. At its biannual meeting in Washington, D.C., the Conference voted to:

    • Allow courts, at the discretion of the presiding judge, to make digital audio recordings of court hearings available online to the public through PACER, for $2.40 per audio file.
    • Adjust the Electronic Public Access fee schedule so that users are not billed unless they accrue charges of more than $10 of PACER usage in a quarterly billing cycle, in effect quadrupling the amount of data available without charge. Currently, users are not billed until their accounts total at least $10 in a one-year period.
    • Approve a pilot in up to 12 courts to publish federal district and bankruptcy court opinions via the Government Printing Office’s Federal Digital System (FDsys) so members of the public can more easily search across opinions and across courts."

    * Second Circuit Court of Appeals Rules Fed Must Reveal Info on Loans to Private Banks

    Bloomberg: "The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said. The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released."

  • Bloomberg L.P. v. Board of Governors of the Federal Reserve System, 09-4083-cv; 09-4097-cv, decided March 19, 2010
  • March 20, 2010
    * Hitwise: Facebook Reaches Top Ranking in U.S.

    UK TimesOnline: "Hitwise, the internet industry tracker, announced that Facebook had dethroned Google as the world’s most popular website. For the week ending March 13, the social networking site set up by wunderkind Mark Zuckerberg got more traffic than Google in America. It was a milestone likely to be revisited as Facebook and Google limber up for what looks set to be this decade’s defining technology battle."

  • Hitwise Intelligence - Heather Dougherty - North America: "Facebook reached an important milestone for the week ending March 13, 2010 and surpassed Google in the US to become the most visited website for the week. Facebook.com recently reached the #1 ranking on Christmas Eve, Christmas Day, and New Year’s Day as well as the weekend of March 6th and 7th. The market share of visits to Facebook.com increased 185% last week as compared to the same week in 2009, while visits to Google.com increased 9% during the same time frame. Together Facebook.com and Google.com accounted for 14% of all US Internet visits last week."
  • Permanent Link        Topic(s): Internet, Search Engines
    * OMB Memo for CFOs on the Financial Systems Integration Office

    Danny Werfel, Controller, March 18, 2010 - Update on the Financial Systems Integration Office

  • "Improving the cost, quality, and performance of financial management operations and systems is one of the Administration’s management priorities. Over the past several years, efforts to achieve these objectives have been conducted under the Financial Management Line of Business (FMLoB) and managed by the Financial Systems Integration Office (FSIO) at the General Services Administration (GSA). The purpose of this memorandum is to provide a status of the objectives achieved and the role of FSIO...The 2010 requirements will incorporate changes to align with the Federal standard business processes highlighted earlier and the use cases will provide related scripts that describe "who" can do "what" with the financialsystem. With these updates, we believe that FSIO has finished developing the FMLoB business process and data standards as it related to its mission. In addition, rapid advances in technology are requiring us to rethink how we implement financial systems. Given the long implementation timetable for these systems, by the time they are in full production, technology has changed [emphasis added]."
  • * Brookings Papers on Economic Activity - The Crisis, by former Federal Reserve Chairman Alan Greenspan

    The Crisis, Alan Greenspan, Second Draft: March 9, 2010

  • "To prevent a future financial crisis, the primary imperative must be increased regulatory capital and liquidity requirements on banks and significant increases in collateral requirements for globally traded financial products, irrespective of the financial institutions making the trades, Greenspan says. He offers his views about regulatory reform, reflecting on moral hazard and how to address the “too big to fail” problem, which he re-terms “too interconnected to be liquidated quickly.” He knocks the idea of a “systemic regulator,” part of a package of reforms currently being discussed on Capitol Hill, asserting that asset bubbles cannot be prevented and trying to diffuse them would in fact stunt economic growth. “Unless there is a societal choice to abandon dynamic markets and leverage for some form of central planning, I fear that preventing bubbles will in the end turn out to be infeasible. Assuaging their aftermath seems the best we can hope for. Policies, both private and public, should focus on ameliorating the extent of deprivation and hardship caused by deflationary crises,” he writes."
  • CNNMoney Greenspan offers a mixed mea culpa
  • Related postings on financial system
  • Permanent Link        Topic(s): Government Documents
    * FTC Submits Comments on Proposed Guidance to Help Consumers Avoid Reverse Mortgage Deception

    News release: "Federal Trade Commission staff has filed comments with the Federal Financial Institutions Examination Council (FFIEC) supporting a measure designed to protect consumers from deceptive claims and to help them make better-informed decisions about whether to obtain a reverse mortgage. Reverse mortgages, typically available only to borrowers age 62 or older, allow them to “spend down” the equity in their home while they live there. A reverse mortgage is a home-secured loan that becomes due when the homeowner moves, sells the home, dies, or fails to meet loan terms such as paying property tax or homeowners insurance. Although reverse mortgages have assisted many elderly consumers in drawing on the equity in their homes, some consumers may not fully understand these complex products or may be deceived by advertising claims made about them."

    March 19, 2010
    * U.S. Economic and Social Trends Since 2000

    U.S. Economic and Social Trends Since 2000 by Linda A. Jacobsen and Mark Mather (February 2010)

  • "This has been a tumultuous decade for the United States. During the first 10 years of the 21st Century, there was a major terrorist attack, a housing meltdown, a severe economic recession, and a significant downturn in the U.S. stock market. Unemployment recently passed the 10 percent mark for the first time since 1983. Household wealth increased somewhat with the stock market gains during the past year, but remains well below prerecession levels. Household net worth dropped by more than $10 trillion during the recession—the largest loss of wealth since the federal government started keeping records of wealth accumulation 50 years ago. Trends in stock market indicators, household wealth, consumer confidence, and labor force participation are widely reported and used to measure the health of the U.S. economy. But less is known about the ways people are adapting to changing economic conditions. In this Population Bulletin, we look beyond employment and income and examine other important aspects of people's lives, including educational attainment, homeownership, commuting, marriage, fertility, and migration trends. With the close of the decade, it is an appropriate time to review how the U.S. population has changed since 2000."
  • Related postings on financial system
  • Permanent Link        Topic(s): Government Documents