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Daily Archives: January 24, 2012

IMF Marks Down Global Growth Forecast, Sees Risk on Rise

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World Economic Outlook Update – Global Recovery Stalls, Downside Risks Intensify, January 24, 2012

  • “The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. Global output is projected to expand by 3¼ percent in 2012 — a downward revision of about ¾ percentage point relative to the September 2011 World Economic Outlook (WEO). This is largely because the euro area economy is now expected to go into a mild recession in 2012 as a result of the rise in sovereign yields, the effects of bank deleveraging on the real economy, and the impact of additional fiscal consolidation. Growth in emerging and developing economies is also expected to slow because of the worsening external environment and a weakening of internal demand. The most immediate policy challenge is to restore confidence and put an end to the crisis in the euro area by supporting growth, while sustaining adjustment, containing deleveraging, and providing more liquidity and monetary accommodation. In other major advanced economies, the key policy requirements are to address medium term fiscal imbalances and to repair and reform financial systems, while sustaining the recovery. In emerging and developing economies, near-term policy should focus on responding to moderating domestic growth and to slowing external demand from advanced economies.”
  • Related postings on financial system

    • NARA OIG Management Letter on Network Outage

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    National Archives Office of Inspector General Management Letter No. 12-01, Network Outage “On September 13,2011 NARA experienced an internet outage from a cut fiber-optic cable lasting approximately 32 hours and significantly affecting NARA’s operations. During that time, NARA staff were not able to access home and shared drives, email, the Internet, and numerous critical applications… Continue Reading

    Army Counter-Improvised Explosive Device Strategic Plan 2012-2016

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    Counter-Improvised Explosive Device Strategic Plan 2012-2016 – U.S. Army Joint IED Defeat Organization, January 2012 “When discussing future threats, it is important we consider both the networks that employ IEDs as well as the device itself. The IED is the weapon of choice for the overlapping consortium of networks operating along the entire threat continuum… Continue Reading

    New GAO Reports: Arleigh Burke Destroyers, DOE, Strategic Program Planning, federal STEM education programs

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    Arleigh Burke Destroyers – Additional Analysis and Oversight Required to Support the Navy’s Future Surface Combatant Plans, GAO-12-113, Jan 24, 2012 Department of Energy – Advanced Research Projects Agency-Energy Could Benefit from Information on Applicants’ Prior Funding, GAO-12-112, Jan 13, 2012 Department of Energy – Advanced Research Projects Agency-Energy Could Improve Its Collection of Information… Continue Reading

    How College Students Manage Technology While in the Library during Crunch Time

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    How College Students Manage Technology While in the Library during Crunch Time, Alison J. Head and Michael B. Eisenberg, Project Information Literacy Research Report, University of Washington’s Information School, October 12, 2011 “The paper presents findings from 560 interviews with undergraduates on 10 campuses distributed across the US, as part of Project Information Literacy (PIL).… Continue Reading

    Treasury Small Business Lending Fund Report – 4th Qtr 2011

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    Small Business Lending Successes: “Treasury sent a report to Congress that contains strong evidence that the Small Business Lending Fund (SBLF) is working. The report shows that institutions participating in the Small Business Lending Fund have significantly increased lending to small businesses, to the tune of $3.5 billion over their baseline (the average lending reported… Continue Reading

    Fortune 100 Best Companies to Work For

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    “Fat paychecks, sweet perks, fun colleagues, and over 70,000 jobs ready to be filled — these employers offer dream workplaces. Like Google, which reclaims the top spot this year to become a three-time champion. Meet this year’s top 100.” Related – “YouTube (owned by Google) Traffic Statistics 48 hours of video are uploaded every minute,… Continue Reading

    New on LLRX.com – SharePoint Blogging with Permission

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    Via LLRX.com – SharePoint Blogging with Permission – Lorette S.J. Weldon continues to share her guides on how librarians in various sectors can effectively leverage SharePoint within the enterprise, in groups, and with individuals outside the organization. She refers to her 2010 survey, “How is SharePoint used in Libraries?” that found 16 out of 54… Continue Reading

    Annual Energy Outlook 2012 Early Release Overview

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    “Today, EIA issued the 2012 Annual Energy Outlook (AEO2012) Early Release Reference case, which provides updated projections for U.S. energy markets through 2035. In addition to a press release and tables that summarize the new projection, an Overview report is provided that addresses key findings and major changes in assumptions and results from the previous… Continue Reading