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Daily Archives: November 4, 2008

Obama Wins Election – Will Become 44th President of the United States

  • New York Times: “Barack Hussein Obama was elected the 44th president of the United States on Tuesday, sweeping away the last racial barrier in American politics with ease as the country chose him as its first black chief executive.”
  • Politico – “History happens: Barack Obama, the son of Kenya and Kansas whose political eloquence and hopeful audacity took the Democratic Party by storm, was elected the nation’s first African-American president Tuesday night – an act Americans would have thought impossible just a generation ago.”
  • Barack Obama’s Victory Speech [text and video]: “…And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world – our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down – we will defeat you. To those who seek peace and security – we support you. And to all those who have wondered if America’s beacon still burns as bright – tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.”
  • BBC News: President Obama and the world

Federal Reserve: Commercial Paper Rates and Outstanding

Data as of November 3, 2008 – Commercial Paper Rates and Outstanding Derived from data supplied by The Depository Trust & Clearing Corporation “Commercial paper consists of short-term, promissary notes issued primarily by corporations. Maturities range up to 270 days but average about 30 days. Many companies use commercial paper to raise cash needed for… Continue Reading

FCC Adopts Rules For Unlicensed Use of Television White Spaces

News release: “In its continuing efforts to promote efficient use of spectrum and to extend the benefits of such use to the public, the Federal Communications Commission (FCC) today adopted a Second Report and Order (Second R&O) that establishes rules to allow new, sophisticated wireless devices to operate in broadcast television spectrum on a secondary… Continue Reading

Federal, State, and Local Governments Finances of Selected State and Local Government Employee Retirement Systems

Census Bureau: Finances of Selected Public Employee Retirement Systems “is a quarterly survey that provides national summary data on the revenues, expenditures, and composition of assets of the largest public employee retirement systems. This survey currently consists of a panel of 100 retirement systems which comprise about 85 percent of financial activity among such entities.” Continue Reading

Brookings: Stock Market Fluctuations and Retiree Incomes – An Update

Stock Market Fluctuations and Retiree Incomes: An Update – by Gary Burtless, The Brookings Institution Social Security was created in the middle of the Great Depression. The recent dive in stock prices and home values offers a painful reminder of why government-guaranteed pensions seemed like a good idea in the 1930s. President Franklin Roosevelt proposed… Continue Reading