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Daily Archives: December 24, 2012

Federal Reserve Consumer Credit Report

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“The Tenth District Consumer Credit Report summarizes consumer credit trends in the Tenth District and compares conditions to the nation and across states. State consumer credit reports are published quarterly.”

  • “Nationwide, consumer spending has played a significant role in the modest gains in U.S. output growth in recent quarters, while personal income has remained relatively flat, suggesting that recent spending has come, at least in part, from reduced saving or debt. Tenth District numbers are consistent with this trend. Revolving debt in the Tenth District, which includes open lines of credit like credit cards and home equity lines of credit, declined moderately to about $5,570, down from $5,680 in the second quarter. Revolving debt in the United States as a whole also declined.”
  • Related postings on financial system

    • Report – Central West Antarctica among the most rapidly warming regions on Earth

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    Central West Antarctica among the most rapidly warming regions on Earth. Nature Geoscience (2012) doi:10.1038/ngeo1671. Published online December 23, 2012 “There is clear evidence that the West Antarctic Ice Sheet is contributing to sea-level rise. In contrast, West Antarctic temperature changes in recent decades remain uncertain. West Antarctica has probably warmed since the 1950s, but… Continue Reading

    NSA Program seeks to assess infrastructure computer vulnerablities

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    Declan McCullagh/CNET: “Newly released files show a secret National Security Agency program is targeting the computerized systems that control utilities to discover security vulnerabilities, which can be used to defend the United States or disrupt the infrastructure of other nations. The NSA’s so-called Perfect Citizen program conducts “vulnerability exploration and research” against the computerized controllers… Continue Reading

    ECB Worries/European Woes: The Economic Consequences of Parochial Policy

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    Barbera, Robert J. and Holtham, Gerald H., ECB Worries/European Woes: The Economic Consequences of Parochial Policy (December 19, 2012). Levy Economics Institute Working Papers No. 742. Available at SSRN “Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost… Continue Reading

    Report – Worst Off – Single-Parent Families in the United States

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    Worst Off – Single-Parent Families in the United States, A Cross-National Comparison of Single Parenthood in the U.S. and Sixteen Other High-Income Countries, by Timothy Casey, Laurie Maldonado. The Women’s Legal Defense and Education Fund, December 2012. This report “is an exhaustive, critical analysis of data and information drawn from a broad range of sources… Continue Reading