Bernile, Gennaro and Hu, Jianfeng and Tang, Yuehua, Can Information Be Locked-Up? Informed Trading Ahead of Macro-News Announcements (May 10, 2014). Available at SSRN: http://ssrn.com/abstract=2436272 “U.S. government agencies routinely allow pre-release access to macroeconomic data to accredited news agencies under embargo agreements (i.e., news embargo or lockup). We use high frequency data to investigate whether there… Continue Reading
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Author Archives: Sabrina I. Pacifici
Shifting Priorities in the Federal Budget – CBO
Under Current Law, What Is the Outlook for Overall Federal Deficits, Debt, Spending, and Revenues? – Presentation to the Stanford Institute for Economic Policy Research by Douglas W. Elmendorf, Director, CBO, May 13, 2014. “By 2020, under current law: Federal spending for Social Security and the major health care programs will be roughly 50 percent larger relative to GDP than it… Continue Reading
New GAO Reports – Critical Infrastructure Protection, Disaster Resilience, Law Enforcement Body Armor
CRITICAL INFRASTRUCTURE PROTECTION: Observations on DHS Efforts to Implement and Manage its Chemical Security Program, GAO-14-608T: Published: May 14, 2014. Publicly Released: May 14, 2014. DISASTER RESILIENCE: Actions Are Underway, but Federal Fiscal Exposure Highlights the Need for Continued Attention to Longstanding Challenges, GAO-14-603T: Published: May 14, 2014. Publicly Released: May 14, 2014. LAW ENFORCEMENT BODY ARMOR: Status of DOJ’s Efforts… Continue Reading
Public Papers of the President Barack Obama
Public Papers of the Presidents of the United States: Barack Obama (2010, Book II). July 1 to July 1, 2010. Barack H. Obama. Pages 1001 1952. See also Public Papers of the Presidents of the United States: Barack Obama (2010, Book I) Continue Reading
CRS – Ukraine: Current Issues and U.S. Policy
Ukraine: Current Issues and U.S. Policy, Steven Woehrel, Specialist in European Affairs. May 8, 2014 “After a failed effort to violently disperse pro-European Union protests, the government of Ukrainian President Viktor Yanukovych collapsed on February 21, 2014. The Ukrainian parliament approved a new pro-reform, pro-Western government on February 27. New presidential elections arescheduled for May 25. Russia has… Continue Reading
Machines vs. Machines: High Frequency Trading and Hard Information
Huh, Yesol, Machines vs. Machines: High Frequency Trading and Hard Information (March 4, 2014). FEDS Working Paper No. 2014-33. Available at SSRN: http://ssrn.com/abstract=2436048 “In today’s markets where high frequency traders (HFTs) both provide and take liquidity, what influences HFTs’ liquidity provision? I argue that information asymmetry induced by liquidity-taking HFTs’ use of machine-readable information is important.… Continue Reading
Social Safety Nets Expand but Can Do Better at Reaching the Poorest
“Social safety net programs have grown exponentially around the world in recent years, but more than two-thirds of the world’s 1.2 billion poorest people –those living on less than US$1.25 per day—are still not covered, says a new World Bank report. According to The State of Social Safety Nets 2014, more than 1 billion people in 146… Continue Reading
Household Debt Grows for the Third Consecutive Quarter
“The New York Fed released its Quarterly Report on Household Debt and Credit for the first quarter of 2014, which shows a $129 billion increase in overall household debt from the previous period. Delinquency rates continued to improve, with the overall ninety-plus day delinquency rate falling to 4.8 percent, the lowest it has been since mid-2008. The Federal… Continue Reading
EPIC Obtains Letter Concerning DOJ Non-Investigation of Google Street View
“Pursuant to the Freedom of Information Act, EPIC has obtained the closing letter from the Department of Justice to Google attorneys in the Street View matter. The letter briefly mentions Google’s interception and collection of private Wi-Fi communications across the United States over several years. The disclosure of the activity occurred after a European data protection authority discovered that… Continue Reading
Arizona Driving Changes in Criminal Immigration Re-entry Prosecutions
“The latest available data from the Justice Department covering the first six months of FY 2014 indicate that substantial changes are occurring in the criminal enforcement of the immigration laws, particularly among those districts along the border with Mexico. Overall, the new data document a drop in the number of criminal prosecutions for illegal entry… Continue Reading
At the Nexus of Cybersecurity and Public Policy
“We depend on information and information technology (IT) to make many of our day-to-day tasks easier and more convenient. Computers play key roles in transportation, health care, banking, and energy. Businesses use IT for payroll and accounting, inventory and sales, and research and development. Modern military forces use weapons that are increasingly coordinated through computer-based… Continue Reading
EU Court of Justice – Google Must Remove Links Upon Request
Court of Justice of the European Union, News Release No 70/14 Luxembourg, 13 May 2014. Judgment in Case C-131/12 Google Spain SL, Google Inc. v Agencia Española de Protección de Datos, Mario Costeja González. “An internet search engine operator is responsible for the processing that it carries out of personal data which appear on web pages… Continue Reading
