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Daily Archives: August 13, 2012

New York Fed – Small Business Borrowers Poll

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FRBNY Small Business Borrowers Poll, August 14, 2012

  • “More than three years into the economic recovery, the number of small business loans stands at three-quarters of its 2008 peak. National data show that the number of small business loans—defined as $1 million or less—declined by 4.7 percent in 2011. A closer look reveals that most of the recent decline was due to a drop in the number of microloans—those less than $100,000. While lenders report easing credit standards for large and medium-size firms, loan standards for small businesses have not changed in the last four consecutive Federal Reserve Senior Loan Officer Opinion Surveys. As part of its regional and community outreach, the New York Fed monitors credit conditions by asking small business owners about their credit needs and experiences. In April/May 2012, we heard from 544 small businesses. Evidence from small business owners suggests that the recent drop in lending may be due in part to weaker firms self-selecting out of the credit market. Fifty-nine percent of firms did not seek any financing during the last year. Half of the non-applicants said they did not apply because they did not think they would be approved. However, the poll also suggests that the drop in microloans is not wholly due to lack of demand. In fact, applicants expressed strong demand for microloans—but firms also reported higher denial rates for these loans than for larger amounts.”
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    • 2012 Six-State Virtual Government Information Conference Presentations

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    “The 2012 Six-State Virtual Government Information Conference was held August 8-10, 2012. This free conference, while focusing on the states of Arizona, Colorado, Nevada, New Mexico,Utah, and Wyoming, was open to all. An recorded archive of all presentations is linked here including Abstracts, Powerpoints, Handouts. See also the Conference Planners and Contributors.” [via Peggy Jobe… Continue Reading

    Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil and Gas Leasing

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    Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil and Gas Leasing, August 9, 2012 “The federal government offers private businesses the opportunity to bid on leases for the development of onshore and offshore oil and natural gas resources on federal lands—although not all federally controlled lands are open to leasing now. CBO… Continue Reading

    Monitoring and Understanding Trends in Extreme Storms: State of Knowledge

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    Preliminary version – Monitoring and Understanding Trends in Extreme Storms: State of Knowledge, American Meteorological Society “This paper examines a specific subset of extreme weather and climate types affecting the 73 United States. For our purposes, storm-related extremes here refer to those short duration events that have levels/types of wind and/or precipitation at local to… Continue Reading

    Brookings – Cut Off at the Pass: The Limits of Leadership in the 21st Century

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    Cut Off at the Pass: The Limits of Leadership in the 21st Century: “America has a leadership deficit, argues Barbara Kellerman in a new paper that examines the current state of leadership in the United States. Surveying leadership’s genesis and its role as a compelling, powerful concept through history, Kellerman asserts that our current understanding… Continue Reading