News release: “The Federal Reserve Board on Wednesday posted detailed information on its public website about more than 21,000 individual credit and other transactions conducted to stabilize markets during the recent financial crisis, restore the flow of credit to American families and businesses, and support economic recovery and job creation in the aftermath of the crisis. Many of the transactions, conducted through a variety of broad-based lending facilities, provided liquidity to financial institutions and markets through fully secured, mostly short-term loans. Purchases of agency mortgage-backed securities (MBS) supported mortgage and housing markets, lowered longer-term interest rates, and fostered economic growth. Dollar liquidity swap lines with foreign central banks helped stabilize dollar funding markets abroad, thus contributing to the restoration of stability in U.S. markets. Other transactions provided liquidity to particular institutions whose disorderly failure could have severely stressed an already fragile financial system.”
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Daily Archives: December 1, 2010
Federal Reserve Beige Book, December 1, 2010
Full Report – Beige Book, December 1, 2010 – Summary of Commentary on Current Economic Conditions by Federal Reserve District, and link to reports by Districts: “Reports from the twelve Federal Reserve Districts indicate that the economy continued to improve, on balance, during the reporting period from early/mid-October to mid-November. Economic activity in the Boston,… Continue Reading
Interior Announces Revised OCS Leasing Program
News release: “Today, Secretary of the Interior Ken Salazar announced an updated oil and gas leasing strategy for the Outer Continental Shelf (OCS). Based on lessons learned from the Deepwater Horizon oil spill, the Department has raised the bar in the drilling and production stages for equipment, safety, environmental safeguards, and oversight. In order to… Continue Reading
FTC Staff Issues Privacy Report Offers Framework for Consumers, Businesses, and Policymakers
News release: “The Federal Trade Commission, the nations chief privacy policy and enforcement agency for 40 years, issued a preliminary staff report today that proposes a framework to balance the privacy interests of consumers with innovation that relies on consumer information to develop beneficial new products and services. The proposed report also suggests implementation of… Continue Reading
African Human Rights Case Law Analyser: Collection of Decisions from the African Human Rights System
Institute for Human Rights and Development in Africa and the Human Rights Documentation Systems – “Established by the African Charter on Human and Peoples’ Rights which came into force on 21 October 1986 after its adoption in Nairobi (Kenya) in 1981 by the Assembly of Heads of State and Government of the Organization of African… Continue Reading
The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform
Report of the National Commission on Fiscal Responsibility and Reform – The Moment of Truth, December 2010 “Our nation is on an unsustainable fiscal path. Spending is rising and revenues are falling short, requiring the government to borrow huge sums each year to make up the difference. We face staggering deficits. In 2010, federal spending… Continue Reading
New GAO Reporst: VA Info Tech, NASA, PBGC, Governmentwide Security Clearance Process, NextGen Air Transport System,
Information Technology: Veterans Affairs Can Further Improve Its Development Process for Its New Education Benefits System, GAO-11-115, December 01, 2010 NASA: Issues Implementing the NASA Authorization Act of 2010, GAO-11-216T, December 01, 2010 Pension Benefit Guaranty Corporation: Improvements Needed to Strengthen Governance Structure and Strategic Management, GAO-11-182T, December 01, 2010 Personnel Security Clearances: Overall Progress… Continue Reading
The OpEd Project
“The Problem – The voices we hear from in the world come from a tiny fraction of societymostly western, white, privileged, and overwhelmingly male. Men are: 80-90% of contributers to key opinion forums; 84% of T.V. pundits on Sunday morning talk shows; 85% of Hollywood producers; 83% of Congress. In short, public debate all but… Continue Reading
Pew Studies Internet Use And Income Levels
Use of the internet in higher-income households, Jim Jansen, Senior Fellow, 11/24/2010 “Those in higher-income households are different from other Americans in their tech ownership and use. 95% of those in households earning over $75,000 use the internet and cell phones. Those in higher-income households are more likely to use the internet on any given… Continue Reading
EU Commission probes allegations of antitrust violations by Google
News release: “The European Commission has decided to open an antitrust investigation into allegations that Google Inc. has abused a dominant position in online search, in violation of European Union rules (Article 102 TFEU). The opening of formal proceedings follows complaints by search service providers about unfavourable treatment of their services in Google’s unpaid and… Continue Reading
