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Monthly Archives: May 2015

Minutes of the Federal Open Market Committee, April 28-29, 2015

Minutes of the Federal Open Market Committee – April 28-29, 2015 “Developments in Financial Markets and the Federal Reserve’s Balance Sheet – In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA) reported on developments… Continue Reading

Tort Liability and Taking Responsibility

Enoch, David, Tort Liability and Taking Responsibility (May 16, 2015). John Oberdeek (ed.) Philosophical foundations of the Law of Torts (OUP 2014). Available for download at SSRN: http://ssrn.com/abstract=2607013 “Is anything missing, morally speaking, in a society that does not have any practice remotely resembling tort liability? If we take care of instrumental matters in some… Continue Reading

Tech giants communicate opposition to decrypted data for law enforcement

Washington Post, Ellen Nakashima: “Tech behemoths including Apple and Google and leading cryptologists are urging President Obama to reject any government proposal that alters the security of smartphones and other communications devices so that law enforcement can view decrypted data. In a letter to be sent Tuesday and obtained by The Washington Post, a coalition… Continue Reading

Class of 2015 Might Have a Little Better Luck Finding a Good Job

Liberty Street Economics – NY Fed –Jaison R. Abel and Richard Deitz, May 15, 2015: “With the college graduation season well under way, a new crop of freshly minted graduates is entering the job market and many bright young minds are hoping to land a good first job. It’s no wonder if they are approaching… Continue Reading

2015 Cars Gain MPGs, CAFE Goals in Reach if Gains Continue

“According to a new Consumer Federation of America analysis of 1,163 of this year’s new vehicles, fuel efficiency continues to increase for 2015 on a model by model basis. However, individual car company fleets, are backsliding on their overall fuel economy performance. From 2014 to 2015, the percent of vehicles with an Environmental Protection Agency… Continue Reading

2015 PMG Benchmark: IT and UX

“Alignment between IT and the business has progressed significantly according to the 2015 PMG IT and the UX Study. The survey of nearly 250 North American corporate IT professionals demonstrates that IT and business users are beginning to work together in a more cohesive manner. In fact, IT’s take on the mutual understanding of strategic… Continue Reading

Testimony on the Work of Congressional Budget Office

Testimony by CBO Director Keith Hall before the Committee on the Budget, United States Senate, May 19, 2015. “The Congressional Budget Act of 1974 instituted a formal process through which the Congress could develop, coordinate, and enforce its own budgetary priorities and created legislative institutions to implement the new Congressional budget process: the House and… Continue Reading

New GAO Reports – Afghanistan, Nutrition Assistance, Rural Housing, School Meals, Aviation Safety, Defense Contracting, Regulatory Guidance Process

Afghanistan: Embassy Construction Cost and Schedule Have Increased, and Further Facilities Planning Is Needed, GAO-15-410: Published: May 19, 2015. Publicly Released: May 19, 2015. Nutrition Assistance: Actions Needed to Address Potential Online Sales of Infant Formula, GAO-15-605T: Published: May 19, 2015. Publicly Released: May 19, 2015. Rural Housing Service: Progress on GAO Recommendations and Preliminary… Continue Reading

The Evolution of Retirement Wealth

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C. The Evolution of Retirement Wealth. Sebastian Devlin-Foltz, Alice M. Henriques, and John Sabelhaus. 2015-009 “Is the current mix of tax preferences for employer-sponsoredpensionsand individual retirementsaving in the U.S. delivering the best possible retirement-preparedness across and within generations?… Continue Reading