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Daily Archives: September 25, 2012

Winners of the Ig® Nobel Prize – Including A Unique GAO Report

Winners of the Ig® Nobel Prize- For achievements that first make people LAUGH then make them THINK

  • “LITERATURE PRIZE: The US Government General Accountability Office, for issuing a report about reports about reports that recommends the preparation of a report about the report about reports about reports. REFERENCE: Actions Needed to Evaluate the Impact of Efforts to Estimate Costs of Reports and Studies, U.S. Government General Accountability Office report GAO-12-480R, May 10, 2012.”
  • FTC Action Halts Computer Spying by Illinois Companies

    News release: “Seven rent-to-own companies and a software design firm have agreed to settle Federal Trade Commission charges that they spied on consumers using computers that consumers rented from them, capturing screenshots of confidential and personal information, logging their computer keystrokes, and in some cases taking webcam pictures of people in their homes, all without… Continue Reading

    Audit of the Digitization of the Federal Acquisition Service’s Multiple Award Schedule Contract Files

    Audit of the Digitization of the Federal Acquisition Service’s Multiple Award Schedule Contract Files, Office of Inspector General, General Services Administration, September 25, 2012. “As part of its push towards green business practices, the General Services Administration’s (GSA) Federal Acquisition Service (FAS) established a goal of achieving an end-to-end electronic contracting environment. This effort includes… Continue Reading

    CRS – The Unemployment Trust Fund: State Insolvency and Federal Loans to States

    The Unemployment Trust Fund (UTF): State Insolvency and Federal Loans to States, Julie M. Whittaker, Specialist in Income Security. September 20, 2012 “During some recessions, current taxes and reserve balances were insufficient to cover state expenditures for unemployment compensation (UC) benefits. UC benefits are an entitlement, and states are legally required to pay benefits even… Continue Reading

    CRS – Medigap: A Primer

    Medigap: A Primer. Carol Rapaport, Analyst in Health Care Financing. September 19, 2012 “Medicare is a nationwide health insurance program for individuals aged 65 and over and certain disabled individuals. The basic Medicare benefit package (termed “Original Medicare” in this report) provides broad protection against the costs of many, primarily acute, health care services. However,… Continue Reading

    Principles for the supervision of financial conglomerates – final report

    “The Joint Forum’s final report on Principles for the Supervision of Financial Conglomerates provides a set of principles which supersedes the compendium of principles on this topic developed in 1999 and published in 2001 by the Joint Forum (‘the 1999 Principles’). These updated principles are a broader and more consolidated set of internationally agreed principles.… Continue Reading

    Agencies Release a Regulatory Capital Estimation Tool

    “The federal banking regulatory agencies on [September 24, 2012] announced the availability of a regulatory capital estimation tool to help community banking organizations and other interested parties evaluate recently published regulatory capital proposals. The tool will assist these organizations in estimating the potential effects on their capital ratios of the agencies’ Basel III Notice of… Continue Reading