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Daily Archives: June 13, 2012

CFPB publishes thousands of comments on private student loans

News release: “Making sure that borrowers have clear information to make the best possible choice is critical. But borrowers have told us they didn’t know that private student loans don’t always have the same repayment options as federal student loans. These options allow borrowers to cap their payments as a portion of their income – a valuable option when times are rough. In addition, private student loan borrowers generally have fewer options in the bankruptcy process, compared to credit cards and other consumer loans. But like borrowers struggling to stay afloat on their mortgages, private student loan borrowers have told us that they too need assistance. This past winter, we put out a request for information to find out more about their experiences. Today, the Consumer Financial Protection Bureau published nearly 2,000 comments we received in response to that request. The comments include stories from individual borrowers, parents, school officials, and others.”

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  • DHS IG – Customs and Border Protection Use of Unmanned Aircraft Systems in Nation’s Border Security

    DHS OIG – CBP’s Use of Unmanned Aircraft Systems in the Nation’s Border Security, OIG-12-85, May 2012 “We conducted a review of U.S. Customs and Border Protection (CBP) actions to establish its unmanned aircraft systems program. The purpose of the program is to provide reconnaissance, surveillance, targeting, and acquisition capabilities across all CBP areas of… Continue Reading

    New GAO Reports – Medicare, Patient Protection and Affordable Care Act, Government Operations

    Medicare – Trends in Beneficiaries Served and Hospital Resources Used in Implantable Medical Device Procedures, GAO-12-583R, May 14, 2012 Patient Protection and Affordable Care Act – IRS Managing Implementation Risks, but Its Approach Could Be Refined, GAO-12-690, June 13, 2012 Government Operations – Government Is Analyzing Alternatives for Contractor Identification Numbers, GAO-12-715R, June 12, 2012 Continue Reading

    Characterising the financial cycle: don't lose sight of the medium term

    Characterising the financial cycle: don’t lose sight of the medium term! by Mathias Drehmann, Claudio Borio and Kostas Tsatsaronis, Working Papers No 380, Bank for International Settlements, June 2012 “We characterise empirically the financial cycle using two approaches: analysis of turning points and frequency-based filters. We identify the financial cycle with the medium-term component in… Continue Reading

    Patent Granted to License Textbook Content Shared on Web-based Systems

    Ars Technica: “In a newly approved patent, an economics professor hopes to bring to the academic publishing world what seems to be forthcoming in the video game industry—new restrictions that would seemingly eliminate a secondary market for digital goods and prevent legal borrowing. Last week, the 2006 patent for a “Web-based system and method to… Continue Reading

    UK Information Commissioner’s Office Writes to Google About Street View

    June 13, 2012: The ICO writes to Google about Street View – “Following the publication of the Federal Communications Commission report, the ICO has written to Google and will consider what further action, if any, needs to be taken.” UK reopens Google Street View investigation after FCC probe – The ICO wants to know “precisely… Continue Reading

    District Court, Northern District CA – Oracle America, Inc. v. Google Inc.

    Oracle America, Inc. v. Google Inc., Case3:10-cv-03561-WHA Document1202 Filed 05/31/12: “In 2007, Google Inc., announced its Android software platform for mobile devices. In 2010, Oracle Corporation acquired Sun Microsystems, Inc., and thus acquired Sun’s interest in the popular programming language known as Java, a language used in Android. Sun was renamed Oracle America, Inc. Shortly… Continue Reading

    WB Urges Developing Countries to Strengthen Domestic Fundamentals, to Weather Global Economic Turmoil

    News release: “Developing countries should prepare for a long period of volatility in the global economy by re-emphasizing medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four… Continue Reading