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Daily Archives: December 27, 2010

The global crisis and financial intermediation in emerging market economies

The global crisis and financial intermediation in emerging market economies, BIS Papers No 54, December 2010

  • “Emerging market economies (EMEs) were significantly affected by the global financial crisis. Nevertheless, compared with their experience in previous crises, EMEs displayed remarkable resilience, maintaining robust rates of growth even as the crisis unfolded in advanced economies starting around mid-2007, and containing disruptions to financial markets so as to avoid experiencing crises themselves. The peak period of stress in EME
    financial markets was also comparatively limited, with severe pressures in the aftermath of the Lehman Brothers bankruptcy in mid-September 2008, and improved stability and signs of recovery starting around the second quarter of 2009. Since then, EMEs have outperformed advanced economies, both in terms of economic growth and in asset price valuations.”
  • BJS: Indicators of School Crime and Safety: 2010 (Revised)

    Indicators of School Crime and Safety: 2010 (Revised) – Simone Robers (NCES), Jennifer Truman (BJS), Jijun Zhang (NCES) November 22, 2010 NCJ 230812 This report has been revised, December 27, 2010. “Presents data on crime and safety at school from the perspectives of students, teachers, and principals. A joint effort by the Bureau of Justice… Continue Reading

    Alcatel-Lucent S.A. and Three Subsidiaries Agree to Pay $92 Million to Resolve Foreign Corrupt Practices Act Investigation

    News release: “Alcatel-Lucent S.A. and three of its subsidiaries have agreed to pay a combined $92 million penalty to resolve a Foreign Corrupt Practices Act (FCPA) investigation into the worldwide sales practices of Alcatel S.A. prior to its 2006 merger with Lucent Technologies Inc., the Department of Justice announced. As part of the agreed resolution,… Continue Reading

    Customs and Border Protection's Implementation of the Western Hemisphere Travel Initiative at Land Ports of Entry

    DHS OIG: Customs and Border Protection’s Implementation of the Western Hemisphere Travel Initiative at Land Ports of Entry, November 29, 2010 “The Western Hemisphere Travel Initiative requires citizens of the United States, Canada, Bermuda, and Mexico arriving at land ports of entry to present passports or other approved documents to enter the United States. Although… Continue Reading

    The Conference Board Consumer Confidence Index® Dips in December

    News release: “The Conference Board Consumer Confidence Index®, which had improved in November, decreased slightly in December. The Index now stands at 52.5 (1985=100), down from 54.3 in November. The Present Situation Index declined to 23.5 from 25.4. The Expectations Index decreased to 71.9 from 73.6 last month…Says Lynn Franco, Director of the Consumer Research… Continue Reading

    Washington Post: Auditor's Question TSA Spending Checkpoint Screening Technologies

    Washington Post: Auditors question TSA’s use of and spending on technology: “The massive push to fix airport security in the United States after the attacks of Sept. 11, 2001, led to a gold rush in technology contracts for an industry that mushroomed almost overnight. Since it was founded in 2001, the TSA has spent roughly… Continue Reading

    Federal Reserve Bank of Atlanta: An inflation (or lack thereof) chart show

    The Atlanta Fed’s macroblog [Dave Altig, Senior vice president and research director at the Atlanta Fed]: “In Atlanta, we have been monitoring a newer core inflation measure, called the “sticky-price CPI,” jointly developed by Mike Bryan and Brent Meyer (of the Atlanta and Cleveland Feds, respectively). As described by Bryan and Meyer: “Some of the… Continue Reading