“The Federal Reserve Board on Tuesday released a Statement concerning its action of October 12, 2008, approving the proposal by Wells Fargo & Company, San Francisco, California, to acquire Wachovia Corporation, Charlotte, North Carolina. Attached is the Board’s Statement relating to this action.” Related postings on financial system Continue Reading
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Monthly Archives: October 2008
Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF)
News release: “The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a private-sector initiative designed to provide liquidity to U.S. money market investors. Under the MMIFF, authorized by the Board under Section 13(3) of the Federal Reserve Act, the Federal Reserve Bank of New… Continue Reading
Committee Holds Hearing on the Credit Rating Agencies and the Financial Crisis
“The House Oversight and Government Reform Committee held a hearing titled, Credit Rating Agencies and the Financial Crisis on Wednesday, October 22, 2008…The hearing examined the actions of the three largest credit rating agencies, Standard & Poors, Moodys Corporation, and Fitch Ratings, leading up to the current financial crisis.” A preliminary hearing transcript is available… Continue Reading
The President's Identity Theft Task Force Report, September 2008
News release: “Attorney General Michael B. Mukasey and Federal Trade Commission Chairman William E. Kovacic announced today the release of a report from the Presidents Identity Theft Task Force on progress the federal government has made in addressing identity theft since the Task Forces Strategic Plan was released last year. Highlights of the report include… Continue Reading
Rand: Unconventional Fossil-Based Fuels
News release: “Alternative sources of fossil fuels such as oil sands and coal-to-liquids have significant economic promise, but the environmental consequences must also be considered, according to a RAND Corporation study issued today. The study by RAND, a non-profit research organization, provides a review of coal-to-liquids and Canadian oil sands technologies, considers possible impacts on… Continue Reading
Google Energy Saving Calculator and Powering a Clean Energy Revolution
Official Google Blog: “We’ve created a handy energy saving calculator to help you see how simple steps can help you save money for treats — and ward off scary carbon emissions. We’ve also put together a webpage full of tricks to help you save energy — and money.” Continue Reading
Report: Changes in the Earth's Climate Could Spell Higher Costs for States
News release: “The National Conference of State Legislatures (NCSL) and the Center for Integrative Environmental Research (CIER) at the University of Maryland have worked together to develop State Economic and Environmental Costs of Climate Change reports. Four additional state economic and environmental costs of Climate Change Reports are being released for North Carolina, Tennessee, North… Continue Reading
Rand: Liberalization and Political Violence in the Arab World
News release: “Stepping into the debate over whether democracy stops terrorism, a RAND Corporation study issued today finds that democratic political reforms can marginalize extremists and undermine support for political violence, but cosmetic reforms and backtracking on democratization can exacerbate the risk of terrorism. The belief that promoting democracy reduces terrorism has played a significant… Continue Reading
Hearing – Economic Recovery: Options and Challenges
“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… Continue Reading
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
