News release: “Economic activity is expected to fall by 0.9 percent in the US next year, by 0.5 percent in the Euro area and by 0.1 percent in Japan as OECD countries enter a protracted slowdown, according to latest projections. Presenting OECDs gross domestic product (GDP), inflation and unemployment forecasts for these three major economies ahead of the G20 summit on the financial crisis on 15 November, Jorgen Elmeskov, Director of Policy Studies in the OECDs Economics Department, said a high degree of uncertainty surrounds the outlook. Much depends on the depth and duration of the financial crisis, the main driver of the current recession. And he added, The ongoing adjustment in housing markets still has a long way to go.
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Daily Archives: November 13, 2008
Groups Make Recommendations for Presidental Transition and Beyond
OMB Watch: “…more than 240 individuals and organizations [Participants included good government groups, professional associations, traditional reporters, bloggers, unions, representatives of the philanthropic community, technology experts, and members of academia. In an unprecedented manner, the project brought together conservatives, libertarians, and progressives. These recommendations are a demonstration that government transparency is neither a left nor… Continue Reading
Financial Institution Bailout Under Critical Review
Senate Banking Committee Hearing: Oversight of the Emergency Economic Stabilization Act: Examining Financial Institution Use of Funding Under the Capital Purchase Program, November 13, 2008 Opening Statement of Chairman Christopher J. Dodd, Oversight of the EESA: Examining Financial Institution Use of Funding Under the Capital Purchase Program – “…five trillion dollars have been committed in… Continue Reading
DHS Announces Security Standards for Freight and Passenger Rail Systems
News release: “The U.S. Department of Homeland Security (DHS) announced today regulations aimed at strengthening the security of the nations freight and passenger rail systems and reducing the risk associated with the transportation of security-sensitive materials.” Fact Sheet: DHS Announces Security Standards for Freight and Passenger Rail Systems Rail Transportation Security Final Rule (PDF, 204… Continue Reading
The Employment Picture, October 2008Mostly Grim News for Older and Younger Workers
AARP: “Ten million people, including 1.3 million aged 55 and older, were unemployed in October. Workers aged 55 and older experienced one of the sharpest increases in unemployment of any age group between September and October. Duration of unemployment and long-term unemployment also increased, particularly among the older unemployed.” News release: “In the third quarter… Continue Reading
Committee Holds Hearing on Hedge Funds and the Financial Market
“The House Committee on Oversight and Government Reform held a hearing titled, Hedge Funds and the Financial Market, on November 13, 2008. The hearing examined systemic risks to the financial markets posed by hedge funds and proposals for regulatory and tax reforms.” Opening Statement of Rep. Henry A. Waxman: “The five witnesses we will hear… Continue Reading
New GAO Reports: Federal Land Management, Public Health and Border Security
Federal Land Management: Use of Stewardship Contracting Is Increasing, but Agencies Could Benefit from Better Data and Contracting Strategies, GAO-09-23, November 13, 2008 Public Health and Border Security: HHS and DHS Should Further Strengthen Their Ability to Respond to TB Incidents, GAO-09-58, October 14, 2008 Continue Reading
Report: The Tide Is Turning: An Update on Structural Cost Pressures Facing U.S. Manufacturers
News release: “An update of the widely-cited manufacturing cost study released today by the National Association of Manufacturers (NAM), The Manufacturing Institute and the Manufacturers Alliance/MAPI shows that U.S. manufacturing is making progress in reducing its cost disadvantage against nine major foreign competitors but that high corporate tax rates now account for more than half… Continue Reading
Wide Spread and Complex Climatic Changes Outlined in New UNEP Project Atmospheric Brown Cloud Report
News release: “Cities from Beijing to New Delhi are getting darker, glaciers in ranges like the Himalayas are melting faster and weather systems becoming more extreme, in part, due to the combined effects of man-made Atmospheric Brown Clouds (ABCs) and greenhouse gases in the atmosphere. These are among the conclusions of scientists studying a more… Continue Reading
Toxic Substances Control Act Test Submissions (TSCATS)
“TSCATS is an online database of unpublished, non-confidential studies covering chemical testing results and adverse effects of chemicals on health and ecological systems. TSCATS were developed to make ongoing and completed chemical testing studies available to the public. The collection currently exceeds 25,000 titles of studies that are submitted to the U.S. Environmental Protection Agency… Continue Reading
G20 Summit on Financial Markets and the World Economy
G20 Summit on Financial Markets and the World Economy – November 15, 2008 – U.S. Government Statements, Briefings and Fact Sheets Related postings on financial system Continue Reading
