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Monthly Archives: May 2012

A Future Without Key Social and Economic Statistics for the Country

United States Census Directors Blog: “Our country faces important Federal funding challenges linked to the current recession and its aftermath. On the Census Bureau’s part, we have been striving to cut administrative costs, reengineer our survey processes, and find innovative ways to squeeze every cent of taxpayer money we get…It is also my duty to… Continue Reading

CRS – Medicare: History of Insolvency Projections

Medicare: History of Insolvency Projections, Patricia A. Davis, Specialist in Health Care Financing. May 11, 2012. By the same author, see also Medicare Financing, May 11, 2012 “Medicare is the nation’s health insurance program for persons age 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or… Continue Reading

NY Fed: Shadow Banking Regulation

Shadow Banking Regulation. Tobias Adrian and Adam B. Ashcraft, April 2012, Number 559 “Shadow banks conduct credit intermediation without direct, explicit access to public sources of liquidity and credit guarantees. Shadow banks contributed to the credit boom in the early 2000s and collapsed during the financial crisis of 2007-09. We review the rapidly growing literature… Continue Reading

Airport Insecurity: TSA’s Failure to Cost-Effectively Procure, Deploy and Warehouse its Screening Technologies

Airport Insecurity: TSA’s Failure to Cost-Effectively Procure, Deploy and Warehouse its Screening Technologies – Joint Majority Staff Report, 112th Congress – May 9, 2012 “This report is a critical examination and analysis of TSA’s procurement, deployment, and storage of screening technologies. During the past ten years, TSA has struggled to cost-effectively utilize taxpayer funding to… Continue Reading

New GAO Reports: Congressional Award Foundation, Unemployed Older Workers, Warfighter Support

Financial Audit – Congressional Award Foundation’s Fiscal Years 2011 and 2010 Financial Statements – GAO-12-682, May 15, 2012 Economic Development HUD Has Identified Performance Measures for Its Block Grant Programs, but Information on Impact Is Limited – GAO-12-575R, May 15, 2012 State Partnership Program – Improved Oversight, Guidance, and Training Needed for National Guard’s Efforts… Continue Reading

FTC Approves Final Settlement with CVS Caremark

News release: “Following a public comment period, the FTC has accepted as final an order with CVS Caremark settling charges that it misrepresented the prices of certain Medicare Part D prescription drugs, including drugs used to treat breast cancer symptoms and epilepsy, at CVS and Walgreens pharmacies. The settlement bars deceptive claims related to Medicare… Continue Reading

EPIC – FAA Revises Drone License Procedures, Privacy Petition Still Pending

EPIC: “The Federal Aviation Administration has announced new procedures for government agencies that operate drones in the United States. The procedures will streamline the process through which government agencies, including local law enforcement, receive drone licenses. However, the FAA has so far failed to establish privacy safeguards for drone use. On February 24, 2012, EPIC,… Continue Reading

Immigration of Foreign Nationals with Science, Technology, Engineering, and Mathematics (STEM) Degrees

CRS – Immigration of Foreign Nationals with Science, Technology, Engineering, and Mathematics (STEM) Degrees, Ruth Ellen Wasem, Specialist in Immigration Policy, May 11, 2012 The number of full-time graduate students in science, engineering, and health fields who were foreign students (largely on F-1 nonimmigrant visas) grew from 91,150 in 1990 to 148,923 in 2009, with… Continue Reading

CRS – Federal Labor Relations Statutes: An Overview

Federal Labor Relations Statutes: An Overview, Alexandra Hegji, Presidential Management Fellow. May 11, 2012 “Since 1926, Congress has enacted three major laws that govern labor-management relations for private sector and federal employees. An issue for Congress is the effect of these laws on employers, workers, and the nation’s economy. The Bureau of Labor Statistics estimates… Continue Reading

Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data

Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data, James K. Jackson – Specialist in International Trade and Finance, May 10, 2012 “Broad, comprehensive data on U.S. multinational companies generally lag behind current events by two years and were not developed to address the issue of jobs outsourcing. Many economists… Continue Reading