Via WaPo by Eli Saslow, September 21: “The survivors took their places onstage from memory, because by now they knew exactly where to go. The shooting victims in wheelchairs entered first, rolling into the front row, wearing bracelets engraved with the words “Aurora,” “Oak Creek” or “Virginia Tech.” Behind them stood a dozen people in black T-shirts… Continue Reading
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Monthly Archives: September 2013
How mapping tech helped beat back the Rim Fire in California
Article via The Verge – By Russell Brandom: “The past month’s Rim Fire blazed through more than a quarter million acres of land in California, but the tensest moment came on August 27th, when the fire came close to threatening San Francisco’s water supply. If the blaze had advanced any closer than it did, it would start dumping… Continue Reading
International capital flows and development: financial openness matters
Working Paper No. 472: International capital flows and development: financial openness matters – Dennis Reinhardt, Luca Antonio Ricci and Thierry Tressel, June 2013. Bank of England. “Does capital flow from rich to poor countries? We revisit the Lucas paradox and ask whether it results from a lack of capital account openness. We find that, when… Continue Reading
Central counterparties and the topology of clearing networks
Working Paper No. 480 Central counterparties and the topology of clearing networks, Marco Galbiati and Kimmo Soramäki, August 2013. Bank of England. “Given a network of client-clearer relationships, we define central clearing as a function transforming bilateral trading exposures into centrally cleared exposures. By using numerical simulations, we study how this function is affected by the network’s… Continue Reading
Consolidated worldwide external claims of UK-owned monetary financial institutions
News release and statistical tables: “UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported an increase in consolidated foreign claims on an ultimate risk basis of $16.4 billion during Q2 2013, to stand at $3,918.3 billion. The rise was more than accounted for by an increase on Developed Countries, up $60.6 billion to stand… Continue Reading
White Paper – Avoiding BYOD Legal Issues
Avoiding BYOD Legal Issues – Route1 Inc. September 2013 “Today’s business landscape is facing emerging legal issues stemming from bring your own device (BYOD) initiatives. The shift towards the use of personal computing devices (laptops, tablets, smartphones and now watches) to conduct business in theory is a win-win strategy for both the Enterprise and its employees.… Continue Reading
The Skin In The Game Heuristic for Protection Against Tail Events
The Skin In The Game Heuristic for Protection Against Tail Events – Constantine Sandis, Oxford Brooks; Nassim Nicholas Taleb, NYU-Poly; Université Paris I Panthéon-Sorbonne – Centre d’Economie de la Sorbonne (CES). July 30, 2013 “Standard economic theory makes an allowance for the agency problem, but not the compounding of moral hazard in the presence of informational opacity, particularly in what… Continue Reading
Reducing Retirement Risk with a Rising Equity Glide-Path
Reducing Retirement Risk with a Rising Equity Glide-Path, Wade D. Pfau, The American College; Michael E. Kitces, The Kitces Report & Nerd’s Eye View; Pinnacle Advisory Group. September 12, 2013 “This study explores the issue of what is an appropriate default equity glide-path for client portfolios during the retirement phase of the life cycle. We find, surprisingly, that rising equity… Continue Reading
The International Court of Justice’s 2012 Jurisprudence
What a Difference a Year Makes: The International Court of Justice’s 2012 Jurisprudence. Sean D. Murphy, George Washington University – Law School, August 2013. Journal of International Dispute Resolution, 2013 (Forthcoming). GWU Law School Public Law Research Paper No. 2013-107 . GWU Legal Studies Research Paper No. 2013-107 “An analysis of any particular decision of the International Court of Justice sometimes misses… Continue Reading
EPIC – Foreign Intelligence Court Releases Controversial Opinion on Domestic Telephone Records Program
“The Foreign Intelligence Surveillance Court (FISC) has released an Opinion, justifying the NSA’s telephone record collection program. In the Opinion, Judge Claire Eagan states that “there is no Fourth Amendment impediment to the collection” of all domestic call detail records. Judge Eagan also concluded that all domestic call detail records are “relevant” under Section 215 because “individuals associated… Continue Reading
Federal Reserve Governor’s Speech on Macroprudential Regulation
Governor Daniel K. Tarullo At the Yale Law School Conference on Challenges in Global Financial Services, New Haven, Connecticut September 20, 2013 – Macroprudential Regulation “Real world crises have a way of shaking up the intellectual foundations of policy disciplines. Elements of received wisdom are undermined, while certain heterodox or less mainstream views are seen as more valid… Continue Reading
Navy Commercial Access Control System Did Not Effectively Mitigate Access Control Risks
Navy Commercial Access Control System Did Not Effectively Mitigate Access Control Risks (Repot1 No. DODIG-2013-134), September 16, 2013 “FINDING A: NCACS Did Not Effectively Mitigate Access Control Risks for Contractors Entering Navy Installations – The Navy Commercial Access Control System, Rapidgate, did not effectively mitigate the access control risks of contractors accessing Navy installations. Specifically, numerous… Continue Reading
