“In testimony before the House Budget Committee hearing on Economic Recovery: Options and Challenges, Martin Baily, Martin Neil Baily, Brookings Senior Fellow, Economic Studies, says we need a second fiscal stimulus package to avoid a deep recession. He advocates for an immediate infusion of $200 billion, with a second $100 billion released if unemployment hits 7.5 percent. The package should include help for homeowners, tax rebates for families and aid to states and localities.”
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Daily Archives: October 20, 2008
Federal Reserve approves final amendments to rules for reporting price information on higher-priced mortgage loans
News release: “The Federal Reserve Board on Monday approved final amendments to Regulation C that revise the rules for reporting price information on higher-priced mortgage loans. The changes are intended to improve the accuracy and usefulness of data reported under the Home Mortgage Disclosure Act. Regulation C currently requires lenders to collect and report the… Continue Reading
E-Deceptive Campaign Practices Technology Report Released
“EPIC’s voting project releases the first report on the technology of deceptive campaign practices. Deceptive campaigns are attempts to misdirect voters regarding the voting process for public elections. Deceptive campaign activity can be false statements about polling times, date of the election, or voter identification rules. The EPIC report reviews the potential for abuse of… Continue Reading
Committee to Hold Hearing on the Credit Rating Agencies and the Financial Crisis
“The House Committee on Oversight and Government Reform will hold a hearing titled, Credit Rating Agencies and the Financial Crisis on Wednesday, October 22, 2008…The hearing will examine the actions of the three largest credit rating agencies, Standard & Poors, Moodys Corporation, and Fitch Ratings, leading up to the current financial crisis.” Related postings on… Continue Reading
UK Guardian: Banking crisis timeline
Banking crisis timeline – How the credit crunch has led to dramatic, unprecedented events in the City, on Wall Street and around the world Related postings on financial system Continue Reading
Treasury, Regulators Issue Additional Guidance on Capital Purchase Program
News release: “Treasury, the Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation today issued application guidelines and other documents for the Capital Purchase Program announced last week. [Below] are application guidelines, an application form and a Frequently Asked Questions document to provide… Continue Reading
Coal Data for the International Energy Annual 2006
Coal Data for the International Energy Annual 2006 (10/20/2008): “Excel spreadsheets with time series data for the years 1980-2006 on: (1) coal consumption and total primary coal production in both million short tons and British thermal units (Btu); (2) anthracite, bituminous, and lignite coal production in thousand short tons; (3) carbon dioxide emissions from the… Continue Reading
