Citizens for Tax Justice: “Apple is one of eighteen Fortune 500 companies that disclose, in their latest annual reports, that they would pay at least a 30 percent U.S. tax rate on their offshore income if repatriated. This figure is a clear indication that very little tax has been paid on those profits to any… Continue Reading
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Monthly Archives: June 2013
Presentation: Survey of Government IT Professionals – Disaster Unpreparedness
“So, how confident are Fed IT professionals in their agencies’ DR2 capabilities? How ready and resilient are the systems, and do agencies verify by testing? To find out, MeriTalk surveyed 150 Federal DoD and civilian IT professionals in December 2012. The Disaster Unpreparedness report reveals that few agencies are actually prepared to recover their data in… Continue Reading
New GAO Report – USDA’s Implementation of New State-Delegated Meat Inspection Program Needs Additional Action
Agriculture and Food: USDA’s Implementation of New State-Delegated Meat Inspection Program Addresses Most Key Farm Bill Requirements, but Additional Action Needed, GAO-13-332R, May 30, 2013: “USDA’s Food Safety Inspection Service (FSIS) completed most of the key activities outlined in the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill), which authorized a new meat and… Continue Reading
Speech – Regulatory Landscapes: A U.S. Perspective
Vice Chair Board of Governors of the Federal Reserve System, Janet L. Yellen, At the International Monetary Conference, Shanghai, China, June 2, 2013 – Regulatory Landscapes: A U.S. Perspective: “The financial crisis revealed that banking firms around the world did not have enough high-quality capital to absorb losses during periods of severe stress. The Basel III reforms promulgated… Continue Reading
NISO Publishes Recommended Practice and Technical Report on Improving OpenURLs Through Analytics
News release: “The National Information Standards Organization (NISO) announces the publication of a new recommended practice, Improving OpenURLs Through Analytics (IOTA): Recommendations for Link Resolver Providers (NISO RP-21-2013). These recommendations are the result of a three-year study performed by the NISO IOTA Working Group in which millions of OpenURLs were analyzed and a Completeness Index was developed… Continue Reading
FINRA Foundation Releases Nation’s State-by-State Financial Capability Survey
News release: “The FINRA Investor Education Foundation (FINRA Foundation) today released the results of America’s State-by-State Financial Capability Survey. The survey findings are available at www.usfinancialcapability.org, which features a clickable map of the United States and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans across all 50 states… Continue Reading
The Financial Crisis, Capital Flows, and Global Liquidity – IMF Keynote Speech
The Financial Crisis, Capital Flows, and Global Liquidity Keynote Speech by Naoyuki Shinohara, Deputy Managing Director, International Monetary Fund, Bank of Korea International Conference 2013. Seoul, Korea, June 3, 2013: “The latest IMF forecasts show that the world economy is strengthening. But this is happening only little by little. World growth is expected to reach… Continue Reading
BIS: Speech – Global liquidity: where do we stand?
Global liquidity: where do we stand? Speech by Jaime Caruana, General Manager of the Bank for International Settlements, prepared for the Bank of Korea International Conference 2013 on “Assessing global liquidity in a global framework”, Seoul, 4 June 2013. “Global financial conditions show strong cross-currents and merit policymakers’ attention. In countries at the centre of the global… Continue Reading
Paper – DebtRank-transparency: Controlling systemic risk in financial networks
DebtRank-transparency: Controlling systemic risk in financial networks, Stefan Thurner and Sebastian Poledna: “Banks in the interbank network can not assess the true risks associated with lending to other banks in the network, unless they have full information on the riskiness of all the other banks. These risks can be estimated by using network metrics (for example DebtRank)… Continue Reading
UN Special Report on the promotion and protection of the right to freedom of opinion and expression
Report of the Special Rapporteur on the promotion and protection of the right to freedom of opinion and expression, Frank La Rue. United National General Assembly, Human Rights Council, April 17, 2013. “The present report analyses the implications of States’ surveillance of communications for the exercise of the human rights to privacy and to freedom… Continue Reading
BIS – Asset encumbrance, financial reform and the demand for collateral assets
Asset encumbrance, financial reform and the demand for collateral assets, CGFS Publications, No 49, May 2013: “The demand for high-quality assets that can be used as collateral will increase due to a number of key regulatory reforms. This comes on top of greater demand for collateral assets through increased reliance by banks on collateralised funding,… Continue Reading
BIS Quarterly Review June 2013 – International banking and financial market developments
June 2013 Quarterly Review: Markets under the spell of monetary easing, June 3, 2013 “Further monetary easing boosted asset prices despite negative macroeconomic news. Cross-border claims of BIS reporting banks fell in the fourth quarter of 2012 as a sharp reduction in cross-border interbank lending more than offset higher cross-border credit to non-banks. Paul Melaschenko… Continue Reading
