News release: “The euro area (EA15) seasonally-adjusted unemployment rate was 7.8% in November 2008, compared with 7.7% in October3. It was 7.2% in November 2007. The EU27 unemployment rate was 7.2% in November 2008, compared with 7.1% in October. It was 6.9% in November 2007. Eurostat estimates that 17.466 million men and women in the… Continue Reading
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Monthly Archives: January 2009
Alarming Sinking Value of 401(k) Plans
WSJ – Big Slide in 401(k)s Spurs Calls for Change: “About 50 million Americans have 401(k) plans, which have $2.5 trillion in total assets, estimates the Employee Benefit Research Institute in Washington. In the 12 months following the stock market’s peak in October 2007, more than $1 trillion worth of stock value held in 401(k)s… Continue Reading
Report: Caught Between Unemployment Benefts And Health Care Costs
Squeezed! Caught between Unemployment Benefts And Health Care Costs, January 2009, by Families USA Foundation. “This report shows that, to maintain their employer-based health coverage under COBRA [Consolidated Omnibus Budget Reconciliation Act of 1986], most unemployed people would have to devote an unrealistically high proportion of their incomes to health insurance. For many, it would… Continue Reading
DOJ Releases Legal Memo on EPA Air Quality Standards
Follow up to previous posting, Oversight Committee Holds Hearing on EPA’s New Ozone Standards, this recently released memo from DOJ’s Office of Legal Counsel: Assertion of Executive Privilege Over Communications Regarding EPA’s Ozone Air Quality Standards and California’s Greenhouse Gas Waiver Request (June 19, 2008) (added 1/08/09). Continue Reading
New on LLRX: The Upside of the Downturn Time to Work on Your Know How
The Upside of the Downturn Time to Work on Your Know How: Knowhow expert Gretta Rusanow highlights content as the focus for law firm knowledge management plans this year. Continue Reading
Rep. Frank Introduces TARP Reform and Accountability Legislation
News release: “House Financial Services Committee Chairman Barney Frank (D-MA) introduced [on January 9, 2009] H.R. 384, the TARP Reform and Accountability Act of 2009, to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization Act of 2008 (EESA). The legislation will strengthen accountability, close loopholes, increase transparency, and require Treasury… Continue Reading
DOJ Releases Legal Memos on Iraq Dating Back to 2001
“Protected Person” Status in Occupied Iraq Under the Fourth Geneva Convention (March 18, 2004) (added 1/08/09) Status of Taliban Forces Under Article 4 of the Third Geneva Convention OF 1949 (February 7, 2002) (added 1/08/09) Authority of the President Under Domestic and International Law to Use Military Force Against Iraq (October 23, 2002) (added 1/08/09)… Continue Reading
CBO Monthly Budget Review, January 2009
Monthly Budget Review, January 2009: Based on the Monthly Treasury Statement for November and the Daily Treasury Statements for December. “CBO estimates that the Treasury Department will report a federal budget deficit of $485 billion for the first quarter of fiscal year 2009, $378 billion higher than in the same period last year. That figure… Continue Reading
President-elect Issues Preliminary Report on Economic Stimulus Plan
The Job Impact of the American Recovery and Investment Plan, released January 10, 2009 – by Christina Romer and Jared Bernstein. “A key goal enunciated by the President-Elect concerning the American Recovery and Reinvestment Plan is that it should save or create at least 3 million jobs by the end of 2010. For this reason,… Continue Reading
Remarks of President-Elect Barack Obama Radio Address, January 10, 2009
Remarks of President-Elect Barack Obama, Radio Address, Saturday, January 10, 2008, Washington, DC We start this new year in the midst of an economic crisis unlike any we have seen in our lifetime. We learned yesterday that in the past month alone, we lost more than half a million jobs a total of nearly… Continue Reading
Public Interest Project Investigating Death of Daniel Pearl Files FOIA Lawsuit
The Georgetown Hoya: “A Georgetown group investigating the murder of Wall Street Journal reporter Daniel Pearl has recently filed suit against several government agencies, including the Federal Bureau of Investigation and the Central Intelligence Agency, to obtain documents relating to Pearls death. The approximately 30 students and former student members of the Pearl Project have… Continue Reading
News GAO Reports: Defense Business Transformation, Info Security at IRS, Oil and Natural Gas Research
Defense Business Transformation: Status of Department of Defense Efforts to Develop a Management Approach to Guide Business Transformation, GAO-09-272R, January 9, 2009 Information Security: Continued Efforts Needed to Address Significant Weaknesses at IRS, GAO-09-136, January 9, 2009 Research and Development: DOE Could Enhance the Project Selection Process for Government Oil and Natural Gas Research, GAO-09-186,… Continue Reading
