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Monthly Archives: July 2011

Full-time wage and salary workers have median weekly earnings of $753 in 2nd quarter 2011

News release: “Median weekly earnings of the nation’s 100.6 million full-time wage and salary workers were $753 in the second quarter of 2011 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 1.8 percent higher than a year earlier, compared with a gain of 3.4 percent in the Consumer Price Index… Continue Reading

TRAC: Immigration Continues to Top Federal Prosecutio​ns

“A total of 15,173 Federal criminal prosecutions were recorded as being filed during April 2011, according to the most recent data released by the Department of Justice. Immigration charges again took the top two spots for the most frequent lead charges brought. Illegal entry — with 4,782 defendants charged, up sharply in April — was… Continue Reading

How do inflation expectations form? New insights from a high-frequency survey

How do inflation expectations form? New insights from a high-frequency survey – by Gabriele Galati, Peter Heemeijer and Richhild Moessner, BIS Working Papers No 349, July 2011 “We provide new insights on the formation of inflation expectations – in particular at a time of great financial and economic turmoil – by evaluating results from a… Continue Reading

New GAO Reports: Ballistic Missile Defense,Coast Guard Civil Rights Directorate, TARP, World Trade Center Health Program

Ballistic Missile Defense – Actions Needed to Improve Training Integration and Increase Transparency of Training Resources, GAO-11-625, July 18, 2011 Coast Guard – Civil Rights Directorate Can Enhance Workforce Restructuring Efforts, GAO-11-718, July 18, 2011 Troubled Asset Relief Program, The Government’s Exposure to AIG Following the Company’s Recapitalization, GAO-11-716, July 18, 2011 World Trade Center… Continue Reading

BIS: Local currency bond markets and the Asian Bond Fund 2 Initiative

Local currency bond markets and the Asian Bond Fund 2 Initiative, Bank for International Settlements, July 14, 2011 “The eight local currency government bond markets in which the ABF2 invests have made significant strides since the fund’s inception in 2005. Liquidity has improved considerably in most of these markets and yield curves have become increasingly… Continue Reading

UK Office for Budget Responsibility: Fiscal sustainability report, July 2011

“The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. It is one of a growing number of official independent fiscal watchdogs around the world.” Fiscal sustainability report – July 2011 – The first FSR was published on 13 July 2011. The main document and… Continue Reading

ACLU: Lessons from the UK "Phone Hacking" Scandal

Commentary: “Britain is now enmeshed in a gigantic scandal around privacy invasions by the press and police. It began with revelations about reporters for Rupert Murdoch’s British tabloid newspaper News of the World hacking into the voicemail of a murdered young girl, and has expanded as other privacy invasions have come to light.” WSJ.com: Scandal… Continue Reading

EIA Kuwait Country Analysis Brief

Kuwait – Last Updated: July 2011: “Kuwait is a member of the Organization of Petroleum Exporting Countries (OPEC), exporting the fourth largest volume of oil among the group in 2010. At the same time, Kuwait’s economy is one heavily dependent on petroleum export revenues, which account for half of its overall gross domestic product (GDP),… Continue Reading