News release: “The Federal Reserve on Thursday announced extensions of and modifications to a number of its liquidity programs. Conditions in financial markets have improved in recent months, but market functioning in many areas remains impaired and seems likely to be strained for some time. As a consequence, to promote financial stability and support the… Continue Reading
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Monthly Archives: June 2009
CBO – The Long-Term Budget Outlook, June 2009
The Long-Term Budget Outlook, June 2009: “Under current law, the federal budget is on an unsustainable pathmeaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds longterm fiscal projections, rising costs for health care and the aging of the U.S. population will cause federal… Continue Reading
U.S. EPAs Environmental Justice Resource Guide available to the public
“The U.S. Environmental Protection Agencys Environmental Justice Resource Guide, a handbook for community organizers and decision-makers, is now available from the EPAs Pacific Southwest Environmental Justice Office….it provides information on funding sources and other resources that can help communities understand, prioritize, and address their specific environmental concerns…The Guide contains success stories achieved by communities disproportionately… Continue Reading
DOE OIG: Incident Handling and Privacy Act
U.S. Department of Education, Office of Inspector General, Information Technology Audits Division – Incident Handling and Privacy Act Controls over External Web Sites, Final Audit Report, Redacted, ED-OIG/A11I0006, June 10, 2009. “Based on our review, the Departments Chief Information Officer (CIO) must improve security controls over the incident response and handling program and accelerate two-factor… Continue Reading
New GAO Reports: Aviation Safety, Coast Guard Modernization Program, Federal Tort Claims Act, Prescription Drugs
Aviation Safety: Better Data and Targeted FAA Efforts Needed to Identify and Address Safety Issues of Small Air Cargo Carriers, GAO-09-614, June 24, 2009 Coast Guard: Observations on the Genesis and Progress of the Service’s Modernization Program, GAO-09-530R, June 24, 2009 Contract Management: Minimal Compliance with New Safeguards for Time-and-Materials Contracts for Commercial Services and… Continue Reading
Agencies Announce Notice of Proposed Rulemaking for Community Reinvestment Act
News release: “The federal bank and thrift regulatory agencies today proposed revisions to regulations implementing the Community Reinvestment Act (CRA) to require the agencies to consider low-cost education loans provided to low-income borrowers when assessing a financial institution’s record of meeting community credit needs. This proposal, which is being proposed jointly by the Comptroller of… Continue Reading
EPA National Scale Air Toxics Assessment NATA
News release: “EPA has released the latest version of a state-of-the-science tool that estimates health risks from breathing air toxics in the United States. The National Air Toxics Assessment (NATA), based on 2002 air emissions data, helps federal, state, local and tribal governments identify areas and specific pollutants for further evaluation to better understand risks… Continue Reading
Comparing Technology Innovation in the Private and Public Sectors
“Corporate websites generally offer more innovative features than public-sector sites, largely because the private sector spends about a third more on websites, according to a Brookings Institution study, Comparing Technology Innovation in the Private and Public Sectors. The study, released in mid-June, compares the websites of leading U.S. corporations with state and national governments, grades… Continue Reading
OCC Releases CRA Evaluations for 22 National Banks
News release: “The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 15, 2009 through June 14, 2009. The list contains only national banks and insured federal branches of foreign banks that have received ratings. The possible… Continue Reading
NERA Update on Credit Crisis Litigation
An Update on the Credit Crisis Litigation: A Turn Towards Structured Products and Asset Management Firms, June 15, 2009: “In this NERA paper, co-author Vice President Dr. Faten Sabry provides an update on credit crisis-related securities litigation. The paper highlight emerging trends in a number of areas, including filings, percentage of cases involving directors and… Continue Reading
Census Bureau Reports World's Older Population Projected to Triple by 2050
News release: “The worlds 65-and-older population is projected to triple by midcentury, from 516 million in 2009 to 1.53 billion in 2050, according to the U.S. Census Bureau. In contrast, the population under 15 is expected to increase by only 6 percent during the same period, from 1.83 billion to 1.93 billion. In the United… Continue Reading
Citizens Against Government Waste Release 2009 Pig Book
News release: “Citizens Against Government Waste (CAGW) today released the 2009 Congressional Pig Book, the latest installment in the groups 19-year exposé of pork-barrel spending. The Pig Book revealed 10,160 earmarks worth $19.6 billion…The Pig Book Summary profiles the most egregious examples, breaks down pork per capita by state, and presents the annual “Oinker” Awards.… Continue Reading
