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Daily Archives: March 22, 2009

FDIC Legacy Loans Program

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Legacy Loans Program: “In order to cleanse bank balance sheets of distressed loans and other assets and reduce the associated market overhang, the FDIC and Treasury are launching the Legacy Loans Program. The FDIC will provide oversight for the formation, funding, and operation of new public-private investment funds (“PPIFs”) that will purchase loans and other assets from depository institutions. The Legacy Loans Program will attract private capital through an FDIC debt guarantee and Treasury equity co-investment. Private market equity investors (“Private Investors’) are expected to include but are not limited to financial institutions, individuals, insurance companies, mutual funds, publicly managed investment funds, pension funds, foreign investors with a headquarters in the United States, private equity funds, and hedge funds. The participation of mutual funds, pension plans, insurance companies, and other long term investors is particularly encouraged. The FDIC will staff operations relating to the formation, funding, and operation of PPIFs and will work with participant banks, the Treasury, Private Investors and contractors to administer the asset pool auctions. The Treasury will be responsible for overseeing and managing its equity contribution in the PPIFs, while the FDIC will be responsible for overseeing and managing its debt guarantees to the PPIFs.”

New on LLRX.com – Through the Labyrinth: Real Answers on How Women Become Leaders

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Through the Labyrinth: Real Answers on How Women Become Leaders – With considerable detail and insight, Diana Philip reviews a recent book that explores whether the concept of whether the “glass ceiling” still accurately describes the challenges women face to realize leadership aspirations. The book’s authors examine leadership theories developed by multiple disciplines to explain… Continue Reading

New on LLRX.com: Researching Australian Law

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Researching Australian Law: This comprehensive guide by Nicholas Pengelley and Sue Milne includes primary and secondary research resources in the following areas: Parliaments and Laws, Finding Australian Legislation, Finding Australian Cases, Treaties, Journal Literature, Legal Encyclopedias, Law Reform, Government Information, Dictionaries, Directories, Legal Research Guides, Publishers, Current Awareness, Discussion Lists, Information Brokerage and Major Texts. Continue Reading

Labor Department’s Senior Community Service Employment Program grantees to receive more than $118 million under Recovery Act

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News release: “The U.S. Department of Labor has issued policy guidance to grantees of the Senior Community Service Employment Program (SCSEP) for the implementation of an additional $118,800,000 under the American Recovery and Reinvestment Act of 2009 (Recovery Act). This critical investment is designed to increase services and training for unemployed, low-income seniors, and to… Continue Reading

EIA: Mexico Country Analysis Brief, Changes to Petroleum Navigator Supply Data, Thermal Heat Pump Manufacturing Activities

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Mexico Country Analysis Brief (03/18/2009) “For information on the energy situation in Mexico, please see our updated Country Analysis Brief.” Changes to Petroleum Navigator Supply Data (3/18/2009): “Beginning with January 2009 data (currently planned for the end of March 2009) Petroleum Navigator will be modified to reflect changes made to the Petroleum Supply Monthly surveys.… Continue Reading

EPA Issues Latest Information on Toxic Chemical Releases

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News release: “The U.S. Environmental Protection Agency is making available the most recent reporting on the amount of toxic chemicals released into the U.S. environment. According to the EPA’s Toxics Release Inventory, the latest data, from the calendar year 2007, show an overall decrease of five percent in releases since 2006. Releases to air decreased… Continue Reading