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Monthly Archives: January 2010

SIGTARP Quarterly Report to Congress October 30, 2010

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Office of the Special Inspector General of the Troubled Asset [SIGTARP] Relief Program Advancing Economic Stability Through Transparency, Coordinated Oversight and Robust Enforcement – Quarterly Report to Congress – October 30, 2010.

  • “Well into its second year of operations, the Troubled Asset Relief Program (“TARP”) remains a vitally important part of the Federal Government’s response to the economic crisis, and the formal extension of TARP by the Secretary of the U.S. Department of the Treasury (“Treasury”) on December 9, 2009, makes it clear that this role will continue well into 2010. The focus of TARP has begun to shift, however, as the early TARP programs that invested huge sums in banks are now closed to further investments and most of the largest bank recipients have repaid their TARP funds. Treasury has stated that, going forward, TARP will focus on foreclosure mitigation efforts, small-business lending, and a continuation of support for the asset-backed securities (“ABS”) markets.”
  • Related postings on financial system
  • See also Work of Special IG For TARP Draws Increasing Attention and other postings on the SIGTARP

    • Report – Laws banning cellphone use while driving fail to reduce crashes, new insurance data indicate

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    Follow up to previous postings on dangers of texting while driving, this news release: “As state legislators across the United States enact laws that ban phoning and/or texting while driving, a new Highway Loss Data Institute study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in… Continue Reading

    Recipients of economic stimulus money – Second Recipient Reporting Period

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    “Recovery.gov is the U.S. government’s official website providing easy access to data related to Recovery Act spending and allows for the reporting of potential fraud, waste, and abuse. The Recovery Act requires recipients of Recovery awards to report on how they have used the money. For the most recent reporting period – October 1 through… Continue Reading

    Green Investing 2010 Policy Mechanisms to Bridge the Financing Gap

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    “In a report released on January 28, 2010, Green Investing 2010: Policy Mechanisms to Bridge the Financing Gap, the World Economic Forum revealed that investment in clean energy has held up better than expected during the financial crisis and resulting recession, but a considerable gap still exists between current levels of investment and what is… Continue Reading

    Information Society Statistical Profiles 2009: Arab States

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    News release: Arab States define key ICT development priorities Broadband, digital broadcasting, open source software, Arab digital content and cybersecurity are main objectives. “The Arab States Regional Preparatory Meeting (RPM) for the International Telecommunications Union (ITU) World Telecommunication Development Conference 2010 (WTDC-10) concluded on Tuesday, 19 January in Damascus, Syrian Arab Republic, with delegates reaching… Continue Reading

    Psychology and Global Climate Change Addressing a Multi-faceted Phenomenon and Set of Challenges

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    Psychology and Global Climate Change Addressing a Multi-faceted Phenomenon and Set of Challenges – Report of the American Psychological Association Task Force on the Interface Between Psychology and Global Climate Change: “The task force’s report reviews a wide range of research and practice relevant to climate change, including work in environmental and conservation psychology, studies… Continue Reading

    McAfee, Inc. Report Reveals Critical Infrastructure Under Constant Cyberattack Causing Widespread Damage

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    News release: “McAfee, Inc. revealed [at the World Economic Forum Annual Meeting 2010] the staggering cost and impact of cyberattacks on critical infrastructure such as electrical grids, oil and gas production, telecommunications and transportation networks. A survey of 600 IT security executives from critical infrastructure enterprises worldwide showed that more than half (54%) have already… Continue Reading

    World Economic Forum: The Global Gender Gap Report 2009

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    News release: “Iceland (1) has claimed the top spot of the World Economic Forum’s Global Gender Gap Index 2009 from Norway (3) which slipped to third position behind Finland (2). Sweden (4) completed the Nordic countries’ continued dominance of the top four. The report’s Index assesses countries on how well they are dividing their resources… Continue Reading

    Democrats and Republicans Meeting in Davos Agree Financial Regulation is Imperative

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    News release: “Expect ‘tough regulation’ from the Obama Administration on financial services this spring, as well as an energy package. Addressing participants in a session on “The US Legislative Agenda: A Global Perspective” at the World Economic Forum Annual Meeting 2010, US congressmen and senators confirmed that despite bipartisan differences, there is agreement that financial… Continue Reading

    End Female Genital Mutilation Now campaign comes to World Economic Forum

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    News release: “More than three million girls’ genitals are forcibly cut every year and approximately 140 million women are living with mutilated genitals. Maternal mortality and infection are just two of the many health effects they suffer. This issue of Female Genital Mutilation (FGM) was brought to the World Economic Forum Annual Meeting by Julia… Continue Reading