News release: “The July 2010 NABE Industry Survey report presents the responses of 84 NABE members to a survey conducted between June 11, 2010, and June 29, 2010, on business conditions in their firm or industry, and reflects second-quarter 2010 results and the near-term outlook. [The survey] confirms that the U.S. recovery continued through the second quarter, although at a slower pace than earlier in the year, said William Strauss, Federal Reserve Bank of Chicago. Industry demand increased for a fourth consecutive quarter, although at a slower pace. Price and cost pressures were contained, allowing profits to edge higher. The labor market continued to improve, with increases in current hiring and a rise in the percentage of firms planning to add workers over the next six months. Capital spending remained stable over the past year. Credit and debt issues in Europe will likely negatively impact just over a third of the surveyed firms over the next three months.”
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Daily Archives: July 18, 2010
SIGTARP: Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks
Office of the Special Inspector General for the Troubled Asset Relief Program: Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks, July 19, 2010 “At a time when the country was experiencing the worst economic downturn in generations and the government was asking its taxpayers to support a $787 billion… Continue Reading
CRS Deepwater Horizon Oil Spill: Selected Issues for Congress
Follow up to postings on the Gulf Coast oil spill, via CRS – Deepwater Horizon Oil Spill: Selected Issues for Congress, June 18, 2010: “Several issues for Congress have emerged as a result of the Deepwater Horizon incident. What lessons should be drawn from the incident? What technological and regulatory changes may be needed to… Continue Reading
Report to Congress on International Economic and Exchange Rate Policies
Report to Congress on International Economic and Exchange Rate Policies, U.S. Department of the Treasury Office of International Affairs, July 8, 2010 “The United States is now in its fifth quarter of economic growth. Growth has averaged 3.5 percent per quarter on an annualized basis during the recovery, which is well above the 2.4 percent… Continue Reading
Goldman Sachs to Pay Record $550 Million to Settle SEC Charges Related to Subprime Mortgage CDO
News release: “The Securities and Exchange Commission announced that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse. In agreeing to the SEC’s largest-ever penalty paid by a… Continue Reading
WSJ: Historic Finance Bill Includes Major New Rules Affecting Nearly Every Corner of Investing World
Follow up to Dodd-Frank Wall Street Reform and Consumer Protection Act – HR 11-517 and Senate passage of the bill by a 60-39 vote on July 15, 2010, via WSJ: “Buried in the bill’s 800-odd pages are the most sweeping regulatory changes for ordinary investors in decades, affecting everything from mutual funds and retirement plans… Continue Reading
CRS – The Budget Reconciliation Process: The Senate's "Byrd Rule"
The Budget Reconciliation Process: The Senate’s “Byrd Rule”, July 02, 2010 “During the first five years that the Byrd rule was in effect, from late 1985 until late 1990, it consisted of two separate components(1) a provision in statute applying to initial Senate consideration of reconciliation measures, and (2) a Senate resolution extending application of… Continue Reading
CRS: World Trade Organization (WTO): Issues in the Debate on Continued U.S. Participation
World Trade Organization (WTO): Issues in the Debate on Continued U.S. Participation, June 16, 2010 “Following World War II, the United States led efforts to establish an open and nondiscriminatory trading system with the expressed goal of raising the economic well-being of all countries and bolstering world peace. These efforts culminated in the creation of… Continue Reading
