“In its latest Quarterly Report on Household Debt and Credit, the Federal Reserve Bank of New York today announced that student loan debt reported on consumer credit reports reached $904 billion in the first quarter of 2012, a $30 billion increase from the previous quarter. In addition, consumer deleveraging continued to advance as overall indebtedness declined to $11.44 trillion, about $100 billion (0.9 percent) less than in the fourth quarter of 2011. Since the peak in household debt in the third quarter of 2008, student loan debt has increased by $293 billion, while other forms of debt fell a combined $1.53 trillion. The New York Fed also released historical student loans figures, by quarter, dating back to the first quarter of 20031 as part of this quarters report. These data show that student loan debt has substantially increased since 2003, growing $663 billion. Outstanding student loan debt surpassed credit card debt as the second highest form of consumer debt in the second quarter of 2010.”
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Daily Archives: June 3, 2012
NOAA: Carbon dioxide levels reach milestone at Arctic sites
News release: “The concentration of carbon dioxide in the atmosphere of Barrow, Alaska, reached 400 parts per million (ppm) this spring, according to NOAA measurements, the first time a monthly average measurement for the greenhouse gas attained the 400 ppm mark in a remote location. Carbon dioxide (CO2), emitted by fossil fuel combustion and other… Continue Reading
OECD Reports on G20 Trade and Investment Measure, mid-October 2011 to mid-May 2012
OECD Reports on G20 Trade and Investment Measure,(mid-October 2011 to mid-May 2012), May 31, 2012: “The past seven months have not witnessed any slowdown in the imposition of new trade restricting measures by G-20 economies. These are adding to the stock of restrictions put in place since the outbreak of the global crisis. At the… Continue Reading
Google's' Zagat Restaurant Guide with Reviews and Ratings Now Free
“Were excited to announce that our content is now free on Zagat.com and a cornerstone of the new Google+ Local experience. Now, the worlds highest quality reviews are available to more people, whether they are at their desks or on the go, As weve always done, we will continue to develop high quality content based… Continue Reading
Census – 2011 Characteristics of New Housing
2011 Characteristics of New Housing – This report provides annual statistics on the characteristics of new privately owned residential structures for the U.S. and the nations four regions Northeast, South, Midwest and West. The statistics are gathered from the Census Bureaus Survey of Construction, and the report includes characteristics such as type of wall… Continue Reading
Why Austerity Can Be Self-Defeating for Member States of a Currency Union
Why Austerity Can Be Self-Defeating for Member States of a Currency Union, Rainer Willi Maurer, Pforzheim University, Last revised: March 29, 2012 “Despite all efforts to reduce government budget deficits, debt-to-GDP ratios of crisis-hit member states of the European Monetary Union are still growing faster than expected. At the same time GDP growth performance is… Continue Reading
Research Blogs and the Discussion of Scholarly Information
Research Blogs and the Discussion of Scholarly Information, Shema H, Bar-Ilan J, Thelwall M (2012) Research Blogs and the Discussion of Scholarly Information. PLoS ONE 7(5): e35869. doi:10.1371/journal.pone.0035869: “The research blog has become a popular mechanism for the quick discussion of scholarly information. However, unlike peer-reviewed journals, the characteristics of this form of scientific discourse… Continue Reading
NYT Infographic – 32 Innovations that will change your tomorrow
New York Times Magazine – 32 Innovations that will change your tomorrow – topics include: morning routine; commute; work; play; health; and home. “We tend to rewrite the histories of technological innovation, making myths about a guy who had a great idea that changed the world. In reality, though, innovation isnt the goal; its everything… Continue Reading
Food Insufficiency and Income Volatility in U.S. Households
Working Paper Series, Congressional Budget Office – Food Insufficiency and Income Volatility in U.S. Households: The Effects of Imputed Earnings in the Survey of Income and Program Participation. March 2012, Working Paper 2012-07 “This paper explores how the use of imputed earnings data to measure income in the Survey of Income and Program Participation affects… Continue Reading
Global deforestation alert tool developed from NASA satellite imagery launches
“Mongabay.com is pleased to announce the beta version of a global forest disturbance alert system (GloF-DAS) developed in partnership with Cal State Monterey Bay and NASA Ames Research Center. The tool offers the potential to pinpoint areas that are being deforested on a quarterly basis. GloF-DAS is based on a new product derived from satellite… Continue Reading
