News release: “The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a Notice of Proposed Rulemaking (NPR) to further clarify application of the orderly liquidation authority contained in Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act, “Orderly Liquidation Authority” (OLA). The NPR builds on the interim rule approved by the FDIC on January 18, 2011, which clarified certain discrete issues under the OLA. The NPR approved today establishes a comprehensive framework for the priority payment of creditors and for the procedures for filing a claim with the receiver and, if dissatisfied, pursuing the claim in court. The NPR also clarifies additional issues important to the implementation of the OLA, including how compensation will be recouped from senior executives and directors who are substantially responsible for the failure of the firm. The NPR, along with the interim final rule, is intended to provide clarity and certainty about how key components of OLA will be implemented and to ensure that the liquidation process under Title II reflects the Dodd-Frank Act’s mandate of transparency in the liquidation of covered financial companies.”
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Daily Archives: March 15, 2011
BLS: U.S. Import and Export Price Indexes
News release: “U.S. import prices rose 1.4 percent in February, the U.S. Bureau of Labor Statistics reported today, following a similar 1.3 percent advance in January. The price index for U.S. exports increased 1.2 percent in February after rising 1.3 percent the previous month. Higher agricultural and nonagricultural export prices each contributed to the overall… Continue Reading
Federal Open Market Committee Statement
FOMC statement, March 15, 2011: “Information received since the Federal Open Market Committee met in January suggests that the economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually. Household spending and business investment in equipment and software continue to expand. However, investment in nonresidential structures… Continue Reading
New GAO Reports: Border Security, Homeland Security IRS Internal Controls, Joint Strike Fighter
Border Security: Preliminary Observations on the Status of Key Southwest Border Technology Programs, GAO-11-448T, March 15, 2011 Homeland Security: Improvements in Managing Research and Development Could Help Reduce Inefficiencies and Costs, GAO-11-464T, March 15, 2011 Information Security: IRS Needs to Enhance Internal Control over Financial Reporting and Taxpayer Data, GAO-11-308, March 15, 2011 Joint Strike… Continue Reading
Making Google Accessible
Making Google Accessible – “As part of Googles mission to make the worlds information universally accessible and useful, were committed to making accessibility a reality for all of our users, including those with disabilities.” See also The 26th Annual International Technology & Persons with Disabilities Conference Continue Reading
PepsiCo Develops World's First 100 Percent Plant-Based, Renewably Sourced PET Bottle
News release: “Building upon its heritage as an innovator and leader in environmental sustainability, PepsiCo today announced it has developed the world’s first PET plastic bottle made entirely from plant-based, fully renewable resources, enabling the company to manufacture a beverage container with a significantly reduced carbon footprint. PepsiCo’s “green” bottle is 100 percent recyclable and… Continue Reading
The 2011 Retirement Confidence Survey: Confidence Drops to Record Lows, Reflecting the New Normal
The 2011 Retirement Confidence Survey: Confidence Drops to Record Lows, Reflecting the New Normal, by Ruth Helman, Mathew Greenwald & Associates, and Craig Copeland and Jack VanDerhei, Employee Benefit Research Institute, March 2011 “The 21st wave of the Retirement Confidence Survey (RCS) finds that Americans confidence in their ability to afford a comfortable retirement has… Continue Reading
New GAO Reports: OMB IT Dashboard Improvements Needed
Information Technology: OMB Has Made Improvements to Its Dashboard, but Further Work Is Needed by Agencies and OMB to Ensure Data Accuracy, GAO-11-262, March 15, 2011: “Billions of taxpayer dollars are spent on information technology (IT) investments each year; federal IT spending has now risen to an estimated $79 billion for fiscal year 2011. During… Continue Reading
EIA: Advanced electric meter installations rising in homes and businesses
U.S. Advanced Meter Penetration by end-use sector: “Electric meters with enhanced communication capabilities an essential component of the smart grid are becoming more prevalent. This offers the possibility that electric systems will become more reliable and efficient. In 2009, 39% of all U.S. electrical customers had advanced meters, up from 32% in 2008.… Continue Reading
EIA: Gasoline and Diesel Fuel Update
Retail gasoline prices rose by 4.7 cents per gallon between March 7 and March 14, 2011 – See this Gasoline and Diesel Fuel Update, with accompanying charts. Continue Reading
Federal Health Reform: State Legislative Tracking Database
Welcome to the State Legislative Tracking Database on Health Reform: Search 2011 legislation by state, topic, keyword, status, and/or primary sponsor. “The database includes 2011 legislation, including pending, failed and enacted bills and resolutions. The database is intended to capture state actions related to the Patient Protection and Affordable Care Act and the Health Care… Continue Reading
DOJ Launches FOIA.gov
“As the flagship initiative of the Departments Open Government Plan, OIP [Office of Information Policy] is proud to announce the launch of FOIA.Gov, a comprehensive public resource for government-wide FOIA information and data. FOIA.Gov displays graphically a wealth of data on agency FOIA compliance, contains educational material about how the FOIA works, and contact information… Continue Reading
