News release: “Employers took 1,495 mass layoff actions in September involving 153,229 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported today. Each mass layoff involved at least 50 workers from a single employer. The number of mass layoff events in September decreased by 92 from August, and the number of associated initial claims decreased by 12,318. In September, 376 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 39,929 initial claims. The national unemployment rate was 9.1 percent in September, unchanged from the prior month but down from 9.6 percent a year earlier. In September, total nonfarm payroll employment increased by 103,000 over the month and by 1,490,000 over the year.”
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Daily Archives: October 24, 2011
NYT: "Archive Offers Rare Look Into Hussein's Private Ruminations"
NYT: “During the 2003 invasion of Iraq, United States forces captured a voluminous archive of documents and recorded meetings that chronicle the deliberations of Saddam Hussein and his inner sanctum. Much of the collection has yet to be made public. But the Conflict Records Research Center, a government archive, has released 20 transcripts and documents… Continue Reading
BIS: Basel capital framework's treatment of trade finance
News release: “The Basel Committee on Banking Supervision has evaluated the impact of Basel II and Basel III on trade finance in the context of low income countries. As a result, it adopted two technical changes to the Basel regulatory capital adequacy framework related to the treatment of trade finance that will help promote trade… Continue Reading
FHFA, Fannie Mae and Freddie Mac Announce HARP Changes to Reach More Borrowers
News release: “The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgage. The program enhancements were developed at FHFAs direction with input from… Continue Reading
TRAC: Decline in Federal Prosecutions from ATF-Led Investigations
Jeff Lamicela/TRAC: “During the first ten months of FY 2011, federal prosecutions credited to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) have fallen almost 7 percent from the previous fiscal year. This continues a downward slide that began six years ago, according to TRAC’s analysis of timely Justice Department data. So far this… Continue Reading
FTC Gives Final Approval to Settlement with Google over Buzz Rollout
News release: “Following a public comment period, the Federal Trade Commission has accepted as final a settlement with Google, and authorized the staff to provide responses to the commenters of record. The settlement resolves charges that Google used deceptive tactics and violated its own privacy promises to consumers when it launched its social network, Google… Continue Reading
Significant growth in new suburban poor challenges communities across country
NYT Infographic: Poverty in the Suburbs – “Nearly 60 percent of the Cleveland metro areas poor population lives in the suburbs, compared with 46 percent a decade earlier. Eight other metro areas shifted to majority suburban poor in the last decade.” NYT: “The poor population in Americas suburbs long a symbol of a stable… Continue Reading
World Bank Report – How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It
The Puppet Masters -How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It. Emile van der Does de Willebois, Emily M. Halter, Robert A. Harrison, Ji Won Park. The International Bank for Reconstruction and Development/The World Bank “Corruption is estimated to be at least a $40 billion dollar a… Continue Reading
Front-of-Package Nutrition Rating Systems and Symbols: Promoting Healthier Choices
Front-of-Package Nutrition Rating Systems and Symbols: Promoting Healthier Choices, October 20, 2011, Consensus Report “A variety of nutrition rating systems and symbols are now on the front of food packagesmeant to make it easier for consumers to make healthful choices. However, the number and variety of nutrition rating systems in grocery stores today often lead… Continue Reading
