Via Politico: “Profits of the 500 Largest U.S. Corporations Soar by 81% ($318 Billion), the Third Largest Percentage Gain in List History …Wal-Mart holds the number one spot for the second year in a row …Exxon Mobil leads profits with $30 billion, for the 8th year in row. … FORTUNE editors write, ‘We’ve rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans… The profits derived partly from productivity gains, including workforce reductions. And many 500 companies are growing faster overseas than in the U.S.”
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Daily Archives: May 4, 2011
Bernanke Speech: Implementing a Macroprudential Approach to Supervision and Regulation
Implementing a Macroprudential Approach to Supervision and Regulation, Chairman Ben S. Bernanke At the 47th Annual Conference on Bank Structure and Competition, Chicago, Illinois, May 5, 2011 “Relative to traditional regulation and supervision, executing a macroprudential approach to oversight can involve heavier informational requirements and more-complex analytic frameworks. In particular, because of the highly interconnected… Continue Reading
IMF Outlines 26 Billion Loan Accord For Portugal
“The International Monetary Fund and the European Union announced May 5 a joint financing package worth 78 billion for Portugal, aimed at reigniting growth and employment. Euro area member countries and the EU have pledged a total of 52 billion. The IMFs contribution will amount to 26 billion, to be provided over three years.” Portugal:… Continue Reading
Hearing on The Threat of Data Theft to American Consumers
Via CDT – The Threat of Data Theft to American Consumers: “Two high profile data (Sony’s Playstation and Epsilon) breaches have grabbed headlines lately because of their recency, data breach is a major longstanding problem for consumers, businesses and government. According to Privacy Rights Clearinghouse, a staggering 600 million records have been breached due to… Continue Reading
How Sugar Effects the Body in Motion
“Interestingly, absorption seems to be best if the sweetener contains both glucose and fructose. A 2008 study of cyclists found that if they downed a sports drink sweetened with glucose during a two-hour bout of moderate pedaling, they rode faster during a subsequent time trial than riders who had drunk only water. But if the… Continue Reading
NASA Announces Results of Epic Space-Time Experiment
News release: “Einstein was right again. There is a space-time vortex around Earth, and its shape precisely matches the predictions of Einstein’s theory of gravity. Researchers confirmed these points at a press conference today at NASA headquarters where they announced the long-awaited results of Gravity Probe B (GP-B). “The space-time around Earth appears to be… Continue Reading
Pew Research – Beyond Red vs. Blue: The Political Typology
Beyond Red vs. Blue: The Political Typology, May 4, 2011: “With the economy still struggling and the nation involved in multiple military operations overseas, the publics political mood is fractious. In this environment, many political attitudes have become more doctrinaire at both ends of the ideological spectrum, a polarization that reflects the current atmosphere in… Continue Reading
New GAO Reports: Budget Process, Military and Veterans Disability System, Recovery Act
Budget Process: Enforcing Fiscal Choices, GAO-11-626T, May 04, 2011 Military and Veterans Disability System: Worldwide Deployment of Integrated System Warrants Careful Monitoring, GAO-11-633T, May 04, 2011 Recovery Act: Preliminary Observations on the Use of Funds for Clean and Drinking Water Projects, GAO-11-642T, May 04, 2011 Recovery Act: Use of Transportation Funds, Outcomes, and Lessons Learned,… Continue Reading
CBO: The Underfunding of State and Local Pension Plans
The Underfunding of State and Local Pension Plans, May 4, 2011: “The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer. This issue brief discusses… Continue Reading
$15bn of preventable software costs found in organizations in the United States and United Kingdom
News release: 1E, the global leader in IT efficiency software today announced the results of an independent study of IT professionals in the United States and United Kingdom into software efficiency. The study, commissioned in association with the International Association of Information Technology Asset Managers (IAITAM) and the Federation Against Software Theft Investors in Software… Continue Reading
Pew Research: Five Years After the Bubble Burst Home Sweet Home. Still.
Five Years After the Bubble Burst, Home Sweet Home. Still. April 12, 2011 “The five-year swoon in home prices has done little to shake the confidence of the American public in the investment value of homeownership. Fully eight-in-ten (81%) adults agree that buying a home is the best long-term investment a person can make, according… Continue Reading
Information Security Oversight Office 2010 Cost Report
Information Security Oversight Offices (ISOO) Report on Cost Estimates for Security Classification Activities for Fiscal Year 2010 “The total security classification cost estimate within Government for Fiscal Year (FY) 2010 is $10.17 billion. This figure represents estimates provided by 41 Executive branch agencies, including the Department of Defense (DoD). It does not include the cost… Continue Reading
