Center for Strategic and International Studies – Closing Guantánamo: From Bumper Sticker to Blueprint: A Report of the CSIS Human Rights and Security Initiative and the Working Group on Guantánamo and Detention Policy, by Sarah E. Mendelson. “Sarah Mendelson and the CSIS Working Group on Guantánamo and Detention Policy have concluded that the costs of… Continue Reading
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Monthly Archives: September 2008
Memorandum Regarding the Emergency Guaranty Facility for Money Market Fund
September 19, 2008 Memorandum For the Secretary of the Treasury Subject: Use of the Department of the Treasury’s Exchange Stabilization Fund to Support a Guaranty Facility for Certain Money Market Mutual Funds Pursuant to section 10(b) of the Gold Reserve Act of 1934, as amended, 31 U.S.C. 5302(b), I approve the use of funds from… Continue Reading
Recent CRS Reports: Deepwater Oil and Gas Leases, Fannie Mae and Freddie Mac in Conservatorship
September 18, 2008 – Royalty Relief for U.S. Deepwater Oil and Gas Leases September 18, 2008 – Reauthorization of the Federal Maritime Commission (FMC): Opportunity to Reexamine the Congressionally Mandated Antitrust Exemption for Ocean Liner Carriers? September 16, 2008 – Japan’s Political Turmoil in 2008: Background and Implications for the United States September 16, 2008… Continue Reading
Pew Hispanic Center 2008 National Survey of Latinos
2008 National Survey of Latinos: Hispanics See Their Situation in U.S. Deteriorating; Oppose Key Immigration Enforcement Measures, September 18, 2008 “Half (50%) of all Latinos say that the situation of Latinos in this country is worse now than it was a year ago, according to a new nationwide survey of 2,015 Hispanic adults conducted by… Continue Reading
Fact Sheet: Proposed Treasury Authority to Purchase Troubled Assets
News release: “The Treasury Department has submitted legislation to the Congress requesting authority to purchase troubled assets from financial institutions in order to promote market stability, and help protect American families and the US economy. This program is intended to fundamentally and comprehensively address the root cause of our financial system’s stresses by removing distressed… Continue Reading
President Requests $700 Billion for Financial Institution Bail -Out Plan
New York Times: “The Bush administration on Saturday formally proposed a vast bailout of the United States financial system, requesting unfettered authority for the Treasury Department to buy up to $700 billion in mortgage-related assets from financial institutions based in the United States. The proposal, not quite three pages long, was stunning for its stark… Continue Reading
White House Fact Sheet: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs
News release: “For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform… Continue Reading
Study Says 17% of Americans Use Only Cell Phones
News release: “A new study from The Nielsen Company says that more than 20 million U.S. telephone households (17 percent) are wireless substitutors homes without landlines that rely solely on a mobile phone for their home telecommunications.” Call My Cell: Wireless Substitution in the United States, September 2008 News release: “JupiterResearch..has found that wireless… Continue Reading
Google Audio Indexing Launches With Initial Focus on Election Material
“Google Audio Indexing is a new technology from Google that allows users to better search and watch videos from various YouTube channels. It uses speech technology to find spoken words inside videos and lets the user jump to the right portion of the video where these words are spoken…The aim of Google Audio Indexing on… Continue Reading
Brookings: Concerns about the Treasury Rescue Plan
Concerns about the Treasury Rescue Plan – Financial Markets, Financial Institutions, Federal Reserve, Governance, U.S. Economy, Douglas W. Elmendorf, Senior Fellow, Economic Studies, The Brookings Institution, September 19, 2008 “Amid continued tumult in financial markets, the Treasury Department has developed a systematic plan to stabilize the financial system. Observers have been worried that the huge… Continue Reading
Federal Reserve Board announces enhancements to its programs to provide liquidity to markets
“The Federal Reserve Board on Friday announced two enhancements to its programs to provide liquidity to markets. One initiative will extend non-recourse loans at the primary credit rate to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds. This should assist money… Continue Reading
Federal Reserve System: Transactions Between Member Banks and Their Affiliates
Board of Governors of the Federal Reserve System. Interim final rule with request for public comment. Transactions Between Member Banks and Their Affiliates: Exemption for Certain Securities Financing Transactions Between a Member Bank and an Affiliate. [Federal Register: September 19, 2008 (Volume 73, Number 183)] [Rules and Regulations] [Page 54307-54309] SUMMARY: “In light of the… Continue Reading
