Fewer, Poorer, Gloomier – The Lost Decade of the Middle Class, August 2012 “As the 2012 presidential candidates prepare their closing arguments to Americas middle class, they are courting a group that has endured a lost decade for economic well-being. Since 2000, the middle class has shrunk in size, fallen backward in income and wealth,… Continue Reading
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Monthly Archives: August 2012
SEC Adopts Rule for Disclosing Use of Conflict Minerals
News release: “he Securities and Exchange Commission today adopted a rule mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act to require companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo (DRC) or an adjoining country. The regulatory reform law directed the Commission to… Continue Reading
An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022
“For fiscal year 2012 (which ends on September 30), the federal budget deficit will total $1.1 trillion, CBO estimates, marking the fourth year in a row with a deficit of more than $1 trillion. That projection is down slightly from the $1.2 trillion deficit that CBO projected in March. At 7.3 percent of gross domestic… Continue Reading
Fiscal Tightening in 2013 and Its Economic Consequences – Infographic
“Under current law, a sharp reduction in the federal budget deficit between 2012 and 2013 will cause the economy to contract, the Congressional Budget Off ice projects, but will also put federal debt on a path more likely to be sustainable over time. To illustrate the eff ects of fiscal tightening, CBO compared its projections under current… Continue Reading
August 2011 Empire State Manufacturing Survey
“The August Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated over the month. The general business conditions index slipped below zero for the first time since October 2011, falling thirteen points to -5.9. At -5.5, the new orders index was below zero for a second consecutive month, and the shipments index… Continue Reading
JP Morgan Trading Losses: Implications for the Volcker Rule and Other Regulation
CRS report – JP Morgan Trading Losses: Implications for the Volcker Rule and Other Regulation, August 16, 2012 “On May 10, 2012, JP Morgan disclosed that it had lost more than $2 billion by trading financial derivatives. Jamie Dimon, CEO and chairman of JP Morgan, reported that the banks Chief Investment Office (CIO) executed the… Continue Reading
Pew Report – Hispanic Student Enrollments Reach New Highs in 2011
“The nations Hispanic student population reached a number of milestones in 2011, according to an analysis of newly available U.S. Census Bureau data by the Pew Hispanic Center, a project of the Pew Research Center. For the first time, the number of 18- to 24-year-old Hispanics enrolled in college exceeded 2 million and reached a… Continue Reading
Building public trust in uses of Health Insurance Portability and Accountability Act de-identified data
Building public trust in uses of Health Insurance – Portability and Accountability Act de-identified data, Deven McGraw, Center for Democracy & Technology “The aim of this paper is to summarize concerns with the de-identification standard and methodologies established under the Health Insurance Portability and Accountability Act (HIPAA) regulations, and report some potential policies to address… Continue Reading
BLS Report – How parents use time and money
How parents use time and money, by Ann C. Foster and Craig J. Kreisler, Consumer Expenditure Survey “Current Population Survey data show that, among married-couple families with children under 18 in 2009, both the wife and the husband worked for pay in 58.9 percent of these families. This article examines weekday resource allocation decisions of… Continue Reading
CRS Report – Pipeline Cybersecurity: Federal Policy
Pipeline Cybersecurity: Federal Policy, by Paul W. Parfomak, Specialist in Energy and Infrastructure Policy, August 16, 2012 “The vast U.S. network of natural gas and hazardous liquid pipelines is integral to U.S. energy supply and has vital links to other critical infrastructure. While an efficient and fundamentally safe means of transport, this network is vulnerable… Continue Reading
New on LLRX – State Small Business Development Centers
Via LLRX – State Small Business Development Centers “George Bergstrom’s guide helps to identify resources to research how to start a small business in each of the 50 states. He suggests the first place to start may be the Small Business Administration’s district offices. The federal Department of Housing and Urban Development Disadvantaged Business Utilization… Continue Reading
Federal Reserve Bank of NY – Change in Home Prices June 2012
Home Price Condition as of June 2012: “One vital sign of housing market conditions is the change in home prices. The Federal Reserve Bank of New York currently releases a set of interactive maps and charts each month to provide a look at current conditions. Based on data from CoreLogic, the maps show the percent… Continue Reading
