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Daily Archives: September 16, 2008

Board, with full support of Treasury Department, authorizes New York Fed to lend up to $85 billion to AIG

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News release: “The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act. The secured loan has terms and conditions designed to protect the interests of the U.S. government and taxpayers.

The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.

The purpose of this liquidity facility is to assist AIG in meeting its obligations as they come due. This loan will facilitate a process under which AIG will sell certain of its businesses in an orderly manner, with the least possible disruption to the overall economy.”

CBO: The Budget and Economic Outlook: An Update September 2008

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Congressional Budget Office – The Budget and Economic Outlook: An Update, September 2008 (92 pages, PDF) Economic Projections Tables Budget Projections Tables CBO’s Year-by-Year Forecast and Projections for Calendar Years 2008 to 2018 Key Assumptions in CBO’s Projection of Potential Output Supplemental Data on Mandatory Outlays (As of March 2008) Budget Projections Tables Continue Reading

FTC Challenges Reed Elsevier’s Proposed $4.1 Billion Acquisition of ChoicePoint, Inc.

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News release: “The Federal Trade Commission today issued a complaint charging that Reed Elsevier Inc.’s (Reed Elsevier) proposed $4.1 billion acquisition of ChoicePoint Inc. (ChoicePoint) would be anticompetitive and in violation of the antitrust laws, as it would combine the two largest providers of electronic public record services to U.S. law enforcement customers. To eliminate… Continue Reading

Association of Urinary Bisphenol A Concentration With Medical Disorders and Laboratory Abnormalities in Adults

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Journal of the American Medical Association – JAMA. Published online September 16, 2008 (free articles as follows): Association of Urinary Bisphenol A Concentration With Medical Disorders and Laboratory Abnormalities in Adults – “Using data representative of the adult US population, we found that higher urinary concentrations of BPA were associated with an increased prevalence of… Continue Reading

National Snow and Ice Data Center – Arctic sea ice reaches lowest extent for 2008

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Arctic sea ice settles at second-lowest, underscores accelerating decline: “The Arctic sea ice cover appears to have reached its minimum extent for the year, the second-lowest extent recorded since the dawn of the satellite era. While above the record minimum set on September 16, 2007, this year further reinforces the strong negative trend in summertime… Continue Reading

Consumer Price Index (CPI) in the Washington-Baltimore, D.C.-Md.-Va.-W.Va. Metropolitan Statistical Area for August 2008

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“Food at home and shelter prices in the Washington-Baltimore area advanced, while energy prices declined in August, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that despite the one-month decrease in… Continue Reading

New GAO Reports: Cyber Analysis and Warning, Critical Infrastructure Protection, Certifying Voting Systems

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Cyber Analysis and Warning: DHS Faces Challenges in Establishing a Comprehensive National Capability, GAO-08-588, July 31, 2008 Critical Infrastructure Protection: DHS Needs to Better Address Its Cybersecurity Responsibilities, GAO-08-1157T, September 16, 2008 Critical Infrastructure Protection: DHS Needs to Fully Address Lessons Learned from Its First Cyber Storm Exercise, GAO-08-825, September 09, 2008 Environmental Health: EPA… Continue Reading