Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Archives: October 2008

Daily Archives: October 16, 2008

Federal Reserve issues guidance for consolidated supervision of bank holding companies and combined U.S. operations of foreign banking organizations

by on

News release: “The Federal Reserve on Thursday issued enhanced guidance that refines and clarifies its programs for the consolidated supervision of bank holding companies and the combined U.S. operations of foreign banking organizations (FBOs). The Federal Reserve also released guidance clarifying supervisory expectations with respect to firmwide compliance risk management. While initiation of these efforts predated the recent period of considerable strain in the financial markets, these enhanced approaches to consolidated supervision and firmwide compliance risk management emphasize several elements that should support a more resilient financial system.”

Annual Arctic Report Card Shows Stronger Effects of Warming

by on

News release: “Temperature increases, a near-record loss of summer sea ice, and a melting of surface ice in Greenland are among some of the evidence of continued warming in the Arctic, according to an annual review of conditions in the Arctic issued today by NOAA and its university, agency, and international partners…One example of these… Continue Reading

U.S. Air Quality Standards for Lead Now 10 Times Stronger

by on

News release: “EPA dramatically strengthened the nation’s air quality standards for lead, improving public health protection, especially for children. The new standards tighten the allowable lead level 10 times to 0.15 micrograms of lead per cubic meter of air (ug/m3)…This decision marks the first time the lead standards have changed in 30 years. EPA strengthened… Continue Reading

IRS Announces Pension Plan Limitations for 2009

by on

News release: “The Internal Revenue Service today announced cost‑of‑living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009. Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. It also requires that the Commissioner annually adjust these limits for cost‑of‑living… Continue Reading

Social Security Announces 5.8 Percent Benefit Increase for 2009

by on

News release: “Monthly Social Security and Supplemental Security Income benefits for more than 55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced today. The 5.8 percent increase is the largest since 1982…The 5.8 percent Cost-of-Living Adjustment (COLA) will begin with benefits that over 50 million Social Security beneficiaries receive in… Continue Reading

HHS Preparing to Open FDA Offices in China, India, Europe, and Latin America This Year

by on

News release: “The U.S. Department of Health and Human Services will send the first U.S. Food and Drug Administration (FDA) staff to China, India, Europe, and Latin America before the end of 2008, HHS Secretary Mike Leavitt announced today…“Increasing our presence overseas will provide greater protections to American consumers at home and benefit our host… Continue Reading