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Monthly Archives: March 2014

Report – Encryption Would Have Stopped Snowden From Using Secrets

Chris Strohm, Bloomberg: “Edward Snowden could have been thwarted from leaking classified U.S. documents if the National Security Agency encrypted the information to make it unreadable, two former senior cybersecurity officials said. Snowden would have needed a digital key to decipher the secrets after gaining access to them if the data was scrambled, Ira “Gus” Hunt, former… Continue Reading

Assessment of DoD Wounded Warrior Matters: Managing Risks of Multiple Medications

Assessment of DoD Wounded Warrior Matters: Managing Risks of Multiple Medications. Inspector General, Department of Defense, February 21, 2014. Special Plans and Operations Reports. DODIG-2014-040. “During the fieldwork for the assessment of Wounded Warrior programs, we identified challenges pertaining to medication management practices. This follow-on assessment focused on DoD and Service policies and programs intended to manage… Continue Reading

Revisions to CBO’s Projection of Potential Output Since 2007

“As part of its economic and budgetary projections, CBO estimates past and future potential output—also called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce. For various reasons, CBO’s projections for potential GDP in a specific year can change over time. This report… Continue Reading

Investor Sophistication and Capital Income Inequality

Kacperczyk, Marcin T. and Nosal, Jaromir and Stevens, Luminita, Investor Sophistication and Capital Income Inequality (February 27, 2014). Available at SSRN: http://ssrn.com/abstract=2402462 “What contributes to the growing income inequality across U.S. households? We develop an information-based general equilibrium model that links capital income derived from financial assets to a level of investor sophistication. Our model… Continue Reading

Law review article – Fractured Legal Institutions

Hovenkamp, Herbert J., Fractured Legal Institutions (March 1, 2014). Iowa Law Review, Vol. 100, 2014. Available at SSRN: http://ssrn.com/abstract=2402449 “This article considers a previously unexamined question: How can we improve the legal analysis of conflicts that occur in very small arenas? The conflicts can be of many kinds, including a nuisance dispute between neighbors, an… Continue Reading

Report – Preparer Fraud, High Fees, and Tax-Time Financial Products Plague Consumers

“As the tax season goes into full swing, advocates from the National Consumer Law Center and Consumer Federation of America have issued their annual report on the tax-time consumer issues: It’s a Wild World: Consumers at Risk from Tax-Time Financial Products and Unregulated Preparers. The biggest problem cited by the report is the lack of regulation for… Continue Reading

Cybersecurity and the North American Electric Grid

Cybersecurity and the North American Electric Grid: New Policy Approaches to Address an Evolving Threat. A Report from the Co-chairs of the Bipartisan Policy Center’s Electric Grid Cybersecurity Initiative, February 2014. “Protecting the nation’s electricity grid from cyber attacks is a critical national security issue. Evidence collected by the U.S. Department of Homeland Security (DHS) suggests that cyber attacks on key… Continue Reading