News release: “The Consumer Financial Protection Bureau (CFPB) today outlined the agencys approach to supervising large depository institutions to ensure compliance with federal consumer financial protection laws a supervisory process that will begin on July 21, 2011. The new consumer agency is here to make sure that markets work for American families, and our… Continue Reading
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Monthly Archives: July 2011
The U.S.-Canada Energy Relationship: Joined at the Well
CRS The U.S.-Canada Energy Relationship: Joined at the Well – July 12, 2011 “The United States and Canada, while independent countries, effectively comprise a single integrated market for petroleum and natural gas. Canada is the single largest foreign supplier of petroleum products and natural gas to the United Statesand the United States is the… Continue Reading
CRS – Reducing the Budget Deficit: The President's Fiscal Commission and Other Initiatives
CRS Reducing the Budget Deficit: The President’s Fiscal Commission and Other Initiatives. April 29, 2011 – R41784 “The federal budget is on an unsustainable path. Though deficit levels are currently elevated, they are expected to fall towards the middle part of the decade as the economic recovery continues. Looking beyond this decade, however, the… Continue Reading
Pew Internet – 35% of American adults own a smartphone
35% of American adults own a smartphone – One quarter of smartphone owners use their phone for most of their online browsing. Aaron Smith, Senior Research Specialist, 7/11/2011. “Several groups have higher than average levels of smartphone adoption, including: The financially well-off and well-educated 59% of adults living in a household earning income of… Continue Reading
EIA: Assumptions to the Annual Energy Outlook 2011
U.S. Energy Information Administration | Assumptions to the Annual Energy Outlook 2011, July 2011 “The Energy Information Administration (EIA) produces projections of energy supply and demand each year in the Annual Energy Outlook (AEO). The projections in the AEO are not statements of what will happen but of what might happen, given the assumptions and… Continue Reading
NY Fed: Global Banks and Their Internal Capital Markets during the Crisis
Global Banks and Their Internal Capital Markets during the Crisis – Nicola Cetorelli and Linda S. Goldberg “As financial markets have become increasingly globalized, banks have developed growing networks of branches and subsidiaries in foreign countries. This expansion of banking across borders is changing the way banks manage their balance sheets, and the ways home… Continue Reading
TRAC Defends Report on SSA Court Findings
“The Social Security Administration’s (SSA) critical response to a July 4 report by the Transactional Records Access Clearinghouse (TRAC) ignored the body of evidence presented by TRAC about systematic and hard-to-explain disparities within the SSA’s court system. A point-by-point refutation of the agency’s sweeping statement regarding TRAC’s report can be found here. Read TRAC’s original… Continue Reading
HHS and states move to establish Affordable Insurance Exchanges, give Americans the same insurance choices as members of Congress
News release: “Today, the U.S. Department of Health and Human Services (HHS) proposed a framework to assist states in building Affordable Insurance Exchanges, state-based competitive marketplaces where individuals and small businesses will be able to purchase affordable private health insurance and have the same insurance choices as members of Congress. Starting in 2014, Exchanges will… Continue Reading
New GAO Reports: Interagency Collaboration, Private Fund Advisers
Interagency Collaboration: Implications of a Common Alignment of World Regions among Select Federal Agencies, GAO-11-776R, July 11, 2011 Private Fund Advisers: Although a Self-Regulatory Organization Could Supplement SEC Oversight, It Would Present Challenges and Trade-offs, GAO-11-623, July 11, 2011 Continue Reading
Securing a clean energy future – The Australian Government's Climate Change Plan
Securing a clean energy future – The Australian Governments Climate Change Plan, July 2011 “The Government has developed a comprehensive plan for a clean energy future. The need for this plan is clear, from both an environmental and an economic perspective. This plan has been devised in response to clear scientific advice that the world… Continue Reading
FTC Hart-Scott-Rodino Premerger Notification System
“The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Premerger notification involves completing an HSR Form, also called a Notification and… Continue Reading
Report: Repeal of Lighting Standards Would Jeopardize $12.5 Billion in Consumer Savings
NRDC: “With Congress about to consider eliminating 2007 lighting efficiency standards before they even take effect, a new analysis shows the standards would save the country more than $12.5 billion annually when fully implemented in 2020. Americans’ energy costs would be reduced by an average of 7 percent or about $85 per household each and… Continue Reading
