“The MetroMonitor is a quarterly, interactive barometer of the health of Americas 100 largest metropolitan economies. It examines trends in metropolitan-level employment, output, and housing conditions to look beneath the hood of national economic statistics to portray the diverse metropolitan trajectories of recession and recovery across the country. The aim of the MetroMonitor is to enhance understanding of the particular places and industries that drive national economic trends, and to promote public- and private-sector responses to the downturn that take into account metro areas unique starting points for eventual recovery.”
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Daily Archives: December 16, 2009
FTC Challenges Intel's Dominance of Worldwide Microprocessor Markets
News release: “The Federal Trade Commission today sued Intel Corp., the worlds leading computer chip maker, charging that the company has illegally used its dominant market position for a decade to stifle competition and strengthen its monopoly.In its complaint, the FTC alleges that Intel has waged a systematic campaign to shut out rivals competing microchips… Continue Reading
Census: Securities and Commodities Industry Revenue Down 36 Percent in 2008
News release: “Revenues for securities, commodity contracts and other financial investment activities decreased 36.1 percent in 2008, from $464 billion in 2007 to $297 billion in 2008, according to new data from the U.S. Census Bureau. The data tables, 2008 Service Annual Survey: Securities, Commodities, and other Financial Investments, provide national estimates of annual revenue… Continue Reading
Census: Newspaper Publishers Revenues Decline in 2008
News release: “Newspaper publishers experienced a single-year decline in total revenue of 8.3 percent from $47.9 billion in 2007 to $43.9 billion in 2008. This followed a more modest decline of 2.7 percent in 2007, the U.S. Census Bureau reported today. A major contributor to the overall loss in revenues for the industry was… Continue Reading
Detroit's Unemployment Rate Is Nearly 50% – Detroit News
Nearly half of Detroit’s workers are unemployed: “Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, thousands of whom either can’t find a job or are working fewer hours than they want. Using a broader definition of unemployment, as much as 45… Continue Reading
CBO Cost Estimate for Clean Energy Jobs and American Power Act
S. 1733, Clean Energy Jobs and American Power Act, December 16, 2009. Cost estimate for the bill as ordered reported by the Senate Committee on Environment and Public Works on November 5, 2009. “In total, those changes would reduce budget deficits (or increase future surpluses) by about $21 billion over the 2010-2019 period. (All estimated… Continue Reading
Federal Reserve Consent order to cease and desist against Credit Suisse
News release: “The Federal Reserve Board on Wednesday announced the issuance of a consent Order to Cease and Desist against Credit Suisse AG, Zurich, Switzerland. The Order requires that Credit Suisse improve its program for compliance with U.S. economic sanctions requirements on a global basis. The Swiss Financial Markets Supervisory Authority, the home country supervisor… Continue Reading
New York M.T.A. Approves Big Service Cuts in Mass Transit
New York Times: “The Metropolitan Transportation Authority approved a punishing slate of service cuts on Wednesday that would amount to the most significant erosion of New York Citys transit system since its recovery from the ruinous days of the 1980s. The cuts represent some of the first concrete consequences of a fiscal crisis in New… Continue Reading
New GAO Reports – Impoundment Control Act, TARP, DHS Management Integration, Formula Grants
Impoundment Control Act: Use and Impact of Rescission Procedures, GAO-10-320T, December 16, 2009 Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts, GAO-10-306T, December 16, 2009 Status of GAO Recommendations to the Department of Defense (Fiscal Years 2001-2008), GAO-10-211R, December 16, 2009 Troubled… Continue Reading
New York City Community Air Survey: Results Winter 2008-2009
New York City Community Air Survey: Results Winter 2008-2009, Prepublication version, December 15, 200 “Across the country and in New York City, air quality has improved in recent decades, due to measures implemented to meet U.S. Environmental Protection Agency (EPA) clean air regulations. Emissions controls are now required for motor vehicles, factories and electric power… Continue Reading
