News release: “The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today on prudent lending to creditworthy small business borrowers.1 The regulators recognize that small businesses play an important role in the economy and know that some are experiencing difficulty in obtaining or renewing credit. The statement emphasizes that financial institutions that engage in prudent small business lending after performing a comprehensive review of a borrower’s financial condition will not be subject to supervisory criticism for small business loans made on that basis. Financial institutions should understand the long-term viability of the borrower’s business and focus on the strength of a borrowers’ business plan to manage risk rather than using portfolio management models that rely primarily on general inputs, such as a borrower’s geographic location or industry.”
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Daily Archives: February 5, 2010
BLS: Employment Situation Summary – January 2010
News release: “The unemployment rate fell from 10.0 to 9.7 percent in January and nonfarm payroll employment was essentially unchanged (-20,000). Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs.” Continue Reading
Network of the Supreme Courts of the European Union
“The meta-search engine of National Case Law was created by the Network of the Presidents of the European Supreme Courts. It has been released in April 2007 and allows to simultaneously query several search engines.” [Lyonette Louis-Jacques] Continue Reading
U.S.-Canada joint statement on government procurement
News release: “The United States and Canada have reached a tentative agreement on government procurement. The agreement is subject to completion of our respective domestic approval processes. This agreement has two major elements. First, it includes permanent and reciprocal commitments under the World Trade Organization (WTO) Government Procurement Agreement (GPA) with respect to provincial, territorial… Continue Reading
The Devil Wears Prada? Effects of Exposure to Luxury Goods on Cognition and Decision Making
The Devil Wears Prada? Effects of Exposure to Luxury Goods on Cognition and Decision Making, Roy Y.J. Chua, Xi Zou. Working Paper 10-034 – Harvard Business School “Although the concept of luxury has been widely discussed in social theories and marketing research, relatively little research has directly examined the psychological consequences of exposure to luxury… Continue Reading
Pew: Mixed Views of Hamas and Hezbollah in Largely Muslim Nations
Mixed Views of Hamas and Hezbollah in Largely Muslim Nations Little Enthusiasm for Many Muslim Leaders, Released: 02.04.10 “Across predominantly Muslim nations, there is little enthusiasm for the extremist Islamic organizations Hamas and Hezbollah, although there are pockets of support for both groups, especially in the Middle East. Four years after its victory in Palestinian… Continue Reading
Justice Department Submits Views on Amended Google Book Search Settlement
Follow up to previous postings on Google Book Search, this news, Justice Department Submits Views on Amended Google Book Search Settlement – Department Says Despite Substantial Progress Made, Issues Remain “The Department of Justice [February 4, 2010] advised the U.S. District Court for the Southern District of New York that despite the substantial progress reflected… Continue Reading
