“These statistics estimate capitalized and noncapitalized spending in 2011 for Information and Communication Technology (ICT) equipment and computer software at the sector level, as well as at the North American Industry Classification System three-digit and selected four-digit industry level. The estimates provide policymakers and the private sector with a relevant, timely and more accurate measure of U.S. companies’ total investment in ICT equipment. These statistics are important for federal agencies to assess future productivity and economic growth prospects, and reconcile important differences between reported production and consumption of technology. Rapid changes in ICT equipment result in these assets having shorter useful lives and being replaced at a much faster rate than other types of equipment. As a result, rather than capitalizing the value of such assets and expensing the cost over two or three years, companies often expense the full cost of such assets during the current annual period. Statistics based only as capitalized expenditures may substantially underreport ICT spending.”
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Daily Archives: March 28, 2013
New GAO Reports – Selected Weapon Programs, Defense Contracting, Energy Efficiency, Export-Import Bank, Manufactured Homes, National Airspace System, Wind Energy
Defense Acquisitions – Assessments of Selected Weapon Programs, GAO-13-294SP, Mar 28, 2013 Defense Contracting – Actions Needed to Increase Competition, GAO-13-325, Mar 28, 2013 Energy Efficiency – Better Coordination among Federal Programs Needed to Allocate Testing Resources, GAO-13-135, Mar 28, 2013 Export-Import Bank – Recent Growth Underscores Need for Continued Improvements in Risk Management, GAO-13-303,… Continue Reading
Census – Quarterly Survey of Public Pensions: 4th Quarter 2012
“This quarterly survey (formerly known as the Finances of Selected State and Local Government Employee Retirement Systems Survey) provides national summary statistics on the revenues, expenditures and composition of assets of the 100 largest state and local public employee retirement systems in the United States. These 100 systems comprise 89.4 percent of financial activity among… Continue Reading
Defense Federal Acquisition Regulation Supplement: Proposal Adequacy Checklist
Defense Federal Acquisition Regulation Supplement: Proposal Adequacy Checklist (DFARS Case 2011-D042) – A Rule by the Defense Acquisition Regulations System on 03/28/2013 “DoD is issuing a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to incorporate a proposal adequacy checklist for proposals in response to solicitations that require submission of certified cost or… Continue Reading
CFBP Consumer Complaint Database now includes federal and private student loans
CFPB – Consumer Complaint Database – “These are complaints weve received about financial products and services. Learn about the complaint process. We dont verify all the facts alleged in these complaints but we do take steps to confirm a commercial relationship between the consumer and company. Complaints are listed here after the company responds or… Continue Reading
New Study via AT&T – Nearly Half of Commuters Admit to Texting While Driving
“Nearly half of commuters self-reported texting while driving in a recent poll, and 43% of those who did called it a habit. Commuters are texting and driving even more than teens 49%1, compared to 43%2. And the problem has gotten worse. Six in 10 commuters say they never texted while driving three years ago.… Continue Reading
Allegations Concerning Contracting for Services of Former Employees at Sandia National Laboratories
Department of Energy IG Report – Allegations Concerning Contracting for Services of Former Employees at Sandia National Laboratories, INS-L-13-04 “Sandia National Laboratories (Sandia) subcontracts with various suppliers for services not available at the Laboratories. The Office of Inspector General received an anonymous complaint alleging that: (1) Sandia hired former employees as consultants at salaries exceeding… Continue Reading
What should economists and policymakers learn from the financial crisis?
What should economists and policymakers learn from the financial crisis? Dr. Ben S Bernanke, Chairman of the Board of Governors of the Federal Reserve System, London School of Economics and Political Science, March 25, 2013 “For me, perhaps the central insight is that the recent crisis, despite its many exotic features, was in fact a… Continue Reading
Supreme Court Oral Argument – Audio and Transcript – United States v. Windsor
“United States v. Windsor challenges a key section of the 1996 Defense of Marriage Act (DOMA) – The Defense of Marriage Act (DOMA) (Pub.L. 104199, 110 Stat. 2419, enacted September 21, 1996, 1 U.S.C. § 7 and 28 U.S.C. § 1738C)” Continue Reading
Financial Development: New Book Shows that Low-Income People Are Bankable
World Bank: “More than 800 million unbankable low-income people already are actively using banking and other financial services, suggesting that expanding financial access can not only benefit the poor but create millions of new customers for the financial industry, according to a new book. The book, Banking the World: Empirical Foundations of Financial Inclusion, shows… Continue Reading
