News release: “The euro area1 (EA16) seasonally-adjusted2 unemployment rate3 was 10.1% in November 2010, unchanged compared with October4. It was 9.9% in November 2009. The EU271 unemployment rate was 9.6% in November 2010, unchanged compared with October4. It was 9.4% in November 2009. Eurostat estimates that 23.248 million men and women in the EU27, of… Continue Reading
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Monthly Archives: January 2011
FHA Issues Guidance for Reverse Mortgage Borrowers and Lenders Dealing With Outstanding Property Tax and Insurance Debts
News release: “The Federal Housing Administration (FHA) today released guidance to homeowners and lenders that use the reverse mortgage or Home Equity Conversion Mortgage (HECM) program and are dealing with outstanding property taxes and unpaid hazard insurance premiums. FHAs guidance is intended to assist elderly borrowers who have neglected to pay these expenses and may… Continue Reading
Library of Congress taps LII for Expertise in Legislative Information
News release: “The US Library of Congress chose the Legal Information Institute at Cornell University (LII) to help develop new methods to preserve, analyze, organize, and present Congressional legislative information and materials digitally. The project is headed by LII Director Thomas R. Bruce. Dave Shetland, Sara Frug, and Wayne Weibel will make up the rest… Continue Reading
Senate Report – Justice Undone: The Release of the Lockerbie Bomber
Justice Undone: The Release of the Lockerbie Bomber, December 2010 “This report was recently released by the United States Senate, and investigates the release of Abselbaset Ali Mohmed al-Megrahi, the Libyan national that was convicted of planting a bomb on Pan Am Flight 103. On December 21, 1988, this flight exploded over Lockerbie, Scotland killing… Continue Reading
Federal Reserve Bank of New York: The Shape of the Recovery
The Shape of the Recovery, Joseph S. Tracy, Executive Vice President, Remarks at the Connecticut Business and Industry Association/MetroHartford Alliance Economic Summit and Outlook, 2011, Hartford, Connecticut “The combination of declining house prices and increasing delays in the foreclosure process will put upward pressure on default rates as well as losses on defaulted mortgages. CoreLogic… Continue Reading
Previously banned assault weapon used in Giffords shooting, and government's five count complaint filed
Salon: “The high-capacity magazine of the semiautomatic pistol used in the shooting of Rep. Gabrielle Giffords and more than a dozen other people on Saturday would have been illegal to manufacture and difficult to purchase under the Clinton-era assault weapons ban, which expired in 2004. According to police and media reports, the alleged shooter, Jared… Continue Reading
Obituary: Arizona Federal Judge, John Roll, 63
Via WSJ Law Blog, Obituary: Arizona Federal Judge, John Roll, 63 “The tragic shooting in Tucson Saturday morning took the life of six people, among them John McCarthy Roll, the chief judge of the District of Arizona. Judge Roll was 63. Click here for my and Nathan Koppels story on Roll in the WSJ; here… Continue Reading
Federal Interagency Group Issues Peer-Reviewed 'Oil Budget' Technical Documentation
News release: “The Federal Interagency Solutions Group, established at the request of the U.S. Coast Guard and authorized under a directive from the National Incident Commander (NIC), released a peer-reviewed report that details the scientific calculations of the Deepwater Horizon BP Oil Spill Oil Budget Calculator response tool announced last August. The report, developed in… Continue Reading
EIA: Saudi Arabia Country Analysis Brief – world's largest crude oil production capacity
Saudi Arabia Country Analysis Brief Jan 4, 2011: “Saudi Arabia has approximately one-fifth of the world’s proven oil reserves, and is the largest oil producer and exporter of total petroleum liquids in the world. The country maintains the world’s largest crude oil production capacity, estimated by EIA at over 12 million bbl/d at end-2010.… Continue Reading
EIA: Distribution and Production of Oil and Gas Wells by State
Distribution and Production of Oil and Gas Wells by State Jan 7, 2011: “Distribution tables of oil and gas wells by production rate for all wells, including marginal wells, are now available for most states for the years 1995 to 2009.” Continue Reading
Social Security and Medicare Taxes and Benefits Over a Lifetime
Urban Institute – Social Security and Medicare Taxes and Benefits Over a Lifetime, January 2011 “How much will you pay in Social Security and Medicare taxes over your lifetime? And how much can you expect to get back in benefits? It depends on whether youre married, when you retire, and how much youve earned over… Continue Reading
Policymaking from a "macroprudential" perspective in emerging market economies
Policymaking from a “macroprudential” perspective in emerging market economies, by Ramon Moreno, Working Papers No 336, Bank for International Settlements, January 2011 “Recurrent capital inflows pose important challenges for authorities in emerging market economies seeking to preserve financial stability. Raising interest rates to dampen imbalances that could arise from capital flows can also attract more… Continue Reading
