President’s Address to the Nation, East Room of the White House, September 24, 2008: “This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We’ve seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money…The market is not functioning properly. There’s been a widespread loss of confidence. And major sectors of America’s financial system are at risk of shutting down. The government’s top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold…”
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Daily Archives: September 24, 2008
New on LLRX.com – The Government Domain: Political Fact-Checking Websites
The Government Domain: Political Fact-Checking Websites – Peggy Garvin’s well-timed article identifies and evaluates key websites that monitor the accuracy of statements and representations made by political candidates and their respective campaigns. Continue Reading
Federal Housing Finance Agency Released First Mortgage Metrics Report
“The Federal Housing Finance Agency (FHFA) released its first Mortgage Metrics Report today. The report presents key performance data on 30.4 million first lien residential mortgages with outstanding balances totaling $4.4 trillion serviced on behalf of Fannie Mae and Freddie Mac from 2007 through the first quarter of 2008. The report focuses on the delinquencies,… Continue Reading
Federal Housing Finance Agency Mortgage Metrics Report
Federal Housing Finance Agency Mortgage Metrics Report, September 2008: Disclosure and Analysis of Fannie Mae and Freddie Mac Mortgage Loan Data for Full-Year 2007 and First Quarter 2008 Related postings on financial system Continue Reading
New CRS Report: Proposal to Allow Treasury to Buy Mortgage Related Assets to Address Financial Instability
September 22, 2008 – Proposal to Allow Treasury to Buy Mortgage Related Assets to Address Financial Instability “Financial markets underwent severe stress during the week of September 15-22, 2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan from the Federal Reserve, policymakers reassessed their case-by-case approach to resolving financial problems. Secretary of… Continue Reading
Pew Report: Most working Americans now use the internet or email at their jobs
News release: “A new national survey shows that 62% of adults who are currently employed use the internet or email at work and they have mixed views about the impact of technology on their work lives. On the one hand, they cite the benefits of increased connectivity and flexibility that the internet and all of… Continue Reading
New CRS Report: Cost of Government Financial Interventions, Past and Present
September 23, 2008 – The Cost of Government Financial Interventions, Past and Present “In response to ongoing financial turmoil that began in the subprime mortgage backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September… Continue Reading
US Citizenship and Immigration Services Releases New Strategic Plan
USCIS Strategic Plan 2008-2012 “As a component of the Department of Homeland Security (DHS), United States Citizenship and Immigration Services (USCIS), has developed this document as a strategic framework to integrate our key mission objectives, future plans and priorities, organizational improvement initiatives, and prudent resource management. By providing a full spectrum depiction of our organizations… Continue Reading
DOE IG: The Federal Energy Regulatory Commission's Unclassified Cyber Security Program – 2008
The Federal Energy Regulatory Commission’s Unclassified Cyber Security Program – 2008, DOE/IG-0802 September 2008 “The Commission had taken action to improve cyber security practices and implemented protective measures designed to defend its networks against malicious attackers and other external threats. Our evaluation, however, disclosed that additional actions are needed to reduce the risk of compromise… Continue Reading
State of the Blogosphere – 2008
“Technoratis State of the Blogosphere 2008 report…will be released in five consecutive daily segments. Since 2004, our annual study has unearthed and analyzed the trends and themes of blogging, but for the 2008 study, we resolved to go beyond the numbers of the Technorati Index to deliver even deeper insights into the blogging mind. For… Continue Reading
Freshwater Ecoregions of the World
“Freshwater Ecoregions of the World, (FEOW) provides a new global biogeographic regionalization of the Earth’s freshwater biodiversity. Covering virtually all freshwater habitats on Earth, this first-ever ecoregion map, together with associated species data, is a useful tool for underpinning global and regional conservation planning efforts, particularly to identify outstanding and imperiled freshwater systems; for serving… Continue Reading
DOD: National Security and Nuclear Weapons in the 21st Century
National Security and Nuclear Weapons in the 21st Century, September 2008 [This paper has been redacted and edited from a classified paper with the same title, dated February 2008] “In July 2007, along with Secretary of State Condoleezza Rice, we issued a statement that summarized the need for maintaining a credible U.S. nuclear deterrent and… Continue Reading
