News release: “Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011 according to the Federal Reserve Bank of New Yorks latest Quarterly Report on Household Debt and Credit, a 1.1 percent decrease from the $11.66 trillion reported in the prior quarters findings. The report, which includes data on a… Continue Reading
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Monthly Archives: February 2012
Federal Reserve Board action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing
News release: “The Federal Reserve Board on Monday released action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing. It also released engagement letters between supervised financial institutions and independent consultants retained by the firms to review foreclosures that were in process in 2009 and 2010. The action… Continue Reading
Background And Present Law Relating To Cost Recovery And Domestic Production Activities
Background And Present Law Relating To Cost Recovery And Domestic Production Activities, JCX-19-12, February 27, 2012 “The first part of this document provides an overview of economic depreciation and of tax and financial accounting rules for cost recovery, along with an explanation of cost recovery methods. The second part of this document describes the present… Continue Reading
Revisiting the Debt Sustainability Framework for Low-Income Countries
Revisiting the Debt Sustainability Framework for Low-Income Countries. Prepared by Staffs of the World Bank and the International Monetary Fund. Approved by Otaviano Canuto and Siddharth Tiwarim, January 11, 2012 “Introduced in 2005, the joint World Bank-IMF Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in… Continue Reading
Help with SharePoint is on the way in The Adventures of SharePoint Reading Bee© Animated Series
Via LLRX.com: Help with SharePoint is on the way in The Adventures of SharePoint Reading Bee© Animated Series “Microsoft SharePoint expert Lorette S.J. Weldon asks us to imagine walking into the library without worrying about file compatibilities and adjustments of applications to do what you want when you want. All you would see is a… Continue Reading
The Depreciating Dollar: Economic Effects and Policy Response
The Depreciating Dollar: Economic Effects and Policy Response. Craig K. Elwell, Specialist in Macroeconomic Policy, February 23, 2012 “A trend depreciation of the dollar since 2002 raises concern among some in Congress and the public that the dollars decline is a symptom of broader economic problems, such as a weak economic recovery, rising public debt,… Continue Reading
CRS – U.S. Strategic Nuclear Forces: Background, Developments, and Issues
U.S. Strategic Nuclear Forces: Background, Developments, and Issues. Amy F. Woolf, Specialist in Nuclear Weapons Policy, February 22, 2012 “During discussions about the 2010 Nuclear Posture Review, Congress reviewed and discussed the plans for maintaining and modernizing U.S. strategic nuclear forces. Although the United States plans to reduce the number of warheads deployed on its… Continue Reading
The President's Framework for Business Tax Reform
The President’s Framework for Business Tax Reform , A Joint Report by The White House and the Department of the Treasury, February 2012 “Americas system of business taxation is in need of reform. The United States has a relatively narrow corporate tax base compared to other countriesa tax base reduced by loopholes, tax expenditures, and… Continue Reading
CMS Report – Health reform law provides coverage for nearly 50,000 Americans with pre-existing conditions
Covering People with Pre-existing Conditions – Report on the Implementation and Operation of the Pre-existing Condition Insurance Plan Program, February 23, 2012 “Before the Affordable Care Act, Americans with pre-existing conditions who did not receive health coverage through their employers had few affordable options to get the care they needed. In most States, insurance companies… Continue Reading
Early Spring has widespread ramifications – gardens, farms, wildlife.
Amid Winter Blooms, Wondering What That Means for Spring “One concern with premature flowers is pollination. While honeybees were in evidence at the New York Botanical Garden, there were fewer at the United States Botanic Garden. When plants get in this off-kilter blooming, sometimes it doesnt coincide with the life cycle of the pollinator, Ms.… Continue Reading
Inflation Dynamics in the Presence of Informal Labour Markets
Inflation Dynamics in the Presence of Informal Labour Markets – by Paul Castillo and Carlos Montoro, Working Papers No 372, February 2012 “In this paper we analyse the effects of informal labour markets on the dynamics of inflation and on the transmission of aggregate demand and supply shocks. In doing so, we incorporate the informal… Continue Reading
Report – Youth and Digital Media: From Credibility to Information Quality
Youth and Digital Media: From Credibility to Information Quality – New Report and Infographic, the Berkman Center, by Urs Gasser, Sandra Cortesi, Momin Malik, & Ashley Lee. “Building upon a process- and context-oriented information quality framework, this paper seeks to map and explore what we know about the ways in which young users of age… Continue Reading
