News release – June 6, 2012: “U.S. Senator Tom Coburn (R-OK) released a new oversight report, Money for Nothing highlighting more than $70 billion in federal funds left unspent years after being appropriated by Congress due to poorly drafted laws, bureaucratic obstacles and mismanagement, and a general lack of interest or demand from the communities to which this money was allocated. Most importantly, this report shows how real people have been impacted due to Congress inability to ensure appropriated funds are spent. In allowing high priority programs to languish, billions of dollars intended to reach areas with the most critical of needs. For example, the report highlights billions in federal aid intended to help victims of Hurricane Katrina left unused, more than $1 billion of transportation funds idling, billions intended for HIV/ AIDS treatment and prevention unspent, and nearly one-fourth of Homeland Security disaster grants has been left unspent for the past nine years.”
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Daily Archives: June 10, 2012
National Trust for Historic Preservation – America's 11 Most Endangered Historic Places for 2012
Announcing Americas 11 Most Endangered Historic Places for 2012, June 6, 2012 by David Garber “This year marks the 25th anniversary of the National Trust’s annual list of Americas 11 Most Endangered Historic Places. Since our first list in 1988, we have identified more than 230 threatened one-of-a-kind historic treasures. Whether these sites are urban… Continue Reading
New Paper – Pension Fund Asset Allocation and Liability Discount Rates
Pension Fund Asset Allocation and Liability Discount Rates: Camouflage and Reckless Risk Taking by U.S. Public Plans?, Aleksandar Andonov, Rob Bauer, Martijn Cremers. Date posted: May 29, 2012 “We use an international pension fund database to compare the asset allocation and liability discount rates of public and non-public funds in the U.S., Canada and Europe.… Continue Reading
Report – Recession-Tested Women-Owned Small Businesses Offer Key Lessons for Economic Recovery
New release: “Many of todays women-owned businesses (WOBs) are led by recession-tested entrepreneurs whose experiences provide valuable insight into the challenges that may await aspiring small business owners. A new study released by Chase Card Services, a division of JPMorgan Chase & Co., NFIB and the Center for Women’s Business Research, looks at how women… Continue Reading
FDIC Supervisory Insights, Summer 2012
Supervisory Insights, Summer 2012: “Supervisory Insights is published by the FDICs Division of Risk Management Supervision to promote sound principles and best practices for bank supervision. Articles in the Summer 2012 issue include: The Risk Management Examination and Your Community Bank Stress Testing Credit Risk at Community Banks Results from the FDICs Credit and Consumer… Continue Reading
Update on cybertheft of 6.5 million LinkedIn Password
Follow up to June 6, 2012 posting, LinkedIn Member Passwords Compromised, this update via the LinkedIn Blog: An Update On Taking Steps To Protect Our Members, June 9, 2012: “…In this post, we want to address questions weve been receiving and share what weve learned so far about the incident, how weve responded, and what… Continue Reading
Residential Energy Consumption Survey data show decreased energy consumption per household
News release: “Total U.S. energy consumption in homes has remained relatively stable for many years as increased energy efficiency has offset the increase in the number and average size of housing units, according to the latest results from the Residential Energy Consumption Survey (RECS). The average household consumed 90 million British thermal units (Btu) in… Continue Reading
Public Transportation Ridership Use Surged in First Quarter 2012
News release: “Public transportation ridership surged in the first quarter of 2012, as Americans took nearly 2.7 billion trips, an increase of 5.0% over the first quarter of last year, according to a report released by the American Public Transportation Association (APTA). This was the fifth consecutive quarter of U.S. public transit ridership increase, as… Continue Reading
VA OIG – Homeless Incidence and Risk Factors for Becoming Homeless in Veterans
Veterans Affairs OIG – Homeless Incidence and Risk Factors for Becoming Homeless in Veterans, Report No. 11-03428-173 May 4, 2012 “Operation Enduring Freedom (OEF) or Operation Iraqi Freedom (OIF) and women veterans experienced higher homeless incidences after military separation. At 5 years after separation from the military, 3.7 percent of the veterans experienced an initial… Continue Reading
