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Daily Archives: November 19, 2012

Study finds relatively mild credit cycle in New York and Northern New Jersey

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How Severe Was the Credit Cycle in the New York-Northern New Jersey Region? by Jaison R. Abel and Richard Deitz

  • “U.S. households accumulated record-high levels of debt in the 2000s and then began a process of deleveraging following the Great Recession and financial crisis. However, the magnitude of these swings in the use of credit varied considerably within the United States. An analysis of trends in household debt over the past decade shows that compared with the nation as a whole, the New York–northern New Jersey region experienced a relatively mild “credit cycle,” although pockets of financial stress exist.”
  • Related postings on the financial system

    • FTC Warns Mortgage Advertisers that Their Ads May Violate Federal Law

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    News release: “After reviewing hundreds of mortgage advertisements, the Federal Trade Commission staff has sent letters to 20 companies, warning them that their ads may be deceptive. The FTC sent its warning letters to real estate agents, home builders, and lead generators, urging them to review their advertisements for compliance with the Mortgage Acts and… Continue Reading

    NAR – Existing-Home Sales Rise in October with Ongoing Price and Equity Gains

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    News release: “Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.1 percent… Continue Reading

    CREW and Brave New Foundation Release New Report and Film on Pentagon Revolving Door

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    News release: “Citizens for Responsibility and Ethics in Washington (CREW) and Brave New Foundation released Strategic Maneuvers, a new report and short film revealing the extent of the Pentagon’s revolving door phenomenon, in which retired high-ranking generals and admirals cash in on their years of military experience by taking lucrative jobs with the defense industry.… Continue Reading

    New GAO Reports – Returned Peace Corps Volunteers, NTIS, NASA

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    Returned Peace Corps Volunteers – Labor and Peace Corps Need Joint Approach to Monitor Access to and Quality of Health Care Benefits, GAO-13-27, Nov 19, 2012 Information Management – National Technical Information Service’s Dissemination of Technical Reports Needs Congressional Attention, GAO-13-99, Nov 19, 2012 NASA – Earned Value Management Implementation across Major Spaceflight Projects Is… Continue Reading

    Terrorism and Transnational Crime: Foreign Policy Issues for Congress

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    CRS – Terrorism and Transnational Crime: Foreign Policy Issues for Congress, October 19, 2012 “This report provides an overview of transnational security issues related to patterns of interaction among international terrorist and crime groups. In addition, the report discusses the U.S. government’s perception of and response to the threat. It concludes with an analysis of… Continue Reading