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Monthly Archives: November 2011

FDIC-Insured Institutions Earned $35.3 Billion in The Third Quarter of 2011

News release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the third quarter of 2011, an $11.5 billion improvement from the $23.8 billion in net income the industry reported in the third quarter of 2010. This is the ninth consecutive quarter that… Continue Reading

Recent GAO Reports: Arizona Border Region, For-Profit Schools, Immigration Benefits, IRS's Biennial Review of Fees

Arizona Border Region: Federal Agencies Could Better Utilize Law Enforcement Resources in Support of Wildland Fire Management Activities, GAO-12-73, Nov 8, 2011 For-Profit Schools: Experiences of Undercover Students Enrolled in Online Classes at Selected Colleges, GAO-12-150, Oct 31, 2011 Immigration Benefits: Consistent Adherence to DHS’s Acquisition Policy Could Help Improve Transformation Program Outcomes, GAO-12-66, Nov… Continue Reading

Federal Reserve Board issues final rule on annual capital plans, launches 2012 review

News release: “The Federal Reserve Board on Tuesday issued a final rule requiring top-tier U.S. bank holding companies with total consolidated assets of $50 billion or more to submit annual capital plans for review. Also, the Federal Reserve launched the 2012 review, issuing instructions to the firms, including the macroeconomic and financial market scenarios the… Continue Reading

FTC Adds New Protections for Consumers Seeking to Work from Home

News release: “The Federal Trade Commission has approved changes to its Business Opportunity Rule that will ensure that consumers have the information they need when considering buying a work-at-home program or any other business opportunity. The changes simplify the disclosures that business opportunity sellers must provide to prospective buyers. The simplified disclosures will help prospective… Continue Reading

Paper – Intangible Capital, Relative Asset Shortages and Bubbles

Intangible Capital, Relative Asset Shortages and Bubbles – Stefano Giglio and Tiago Severo, November 01, 2011 “Summary: We analyze an overlapping generations economy with financial frictions and accumulation of both physical and intangible capital. The key difference between them is that intangible capital cannot be used as collateral for borrowing. As intangibles become more important… Continue Reading

Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from 7/11-9/11

Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from July 2011 Through September 2011, November 2011 “The American Recovery and Reinvestment Act of 2009 (ARRA) contains provisions that are intended to boost economic activity and employment in the United States. Section 1512(e) of the law requires the Congressional Budget… Continue Reading

CRS – Presidential Policy Directive 8 and the National Preparedness System: Background and Issues for Congress

Presidential Policy Directive 8 and the National Preparedness System: Background and Issues for Congress, Jared T. Brown – Analyst in Emergency, Management and Homeland Security Policy, October 21, 2011 “Presidential Policy Directive 8: National Preparedness (PPD-8) was signed and released by President Barack Obama on March 30, 2011. PPD-8 and its component policies intend to… Continue Reading

FindLaw Legal Pulse is launched – aggregates topical news and social media

News release: “FindLaw.com is introducing FindLaw Legal Pulse, a new content area that offers continuously updated legal headlines from around the world, along with news, photo feeds and analysis from such sources as Reuters, the Associated Press, New York Times and Washington Post. The content covers a broad range of law-related topics — everything from… Continue Reading

Recent GAO Reports: Adoption Tax Credit, IT Acquisitions, TSA Products and Mechanisms, TSA Info Sharing, Intragovernmental Revolving Funds

Adoption Tax Credit: IRS Can Reduce Audits and Refund Delays, GAO-12-98, Oct 20, 2011 Information Technology: Critical Factors Underlying Successful Major Acquisitions, GAO-12-7, Oct 21, 2011 Review of U.S. Response to the Honduran Political Crisis of 2009, GAO-12-9R, Oct 20, 2011 Transportation Security Information Sharing: Results of GAO’s Survey of Stakeholder Satisfaction with TSA Products… Continue Reading

McAfee Q3 2011 Threats Report Shows 2011 on Target to Be the Busiest in Mobile Malware History

News release: “McAfee today released the McAfee Threats Report: Third Quarter 2011, which showed that the Android mobile operating system solidified its lead as the primary target for new mobile malware. The amount of malware targeted at Android devices jumped nearly 37 percent since last quarter, and puts 2011 on track to be the busiest… Continue Reading