“This release provides a comprehensive look at the financial activity and membership information of the nation’s 227 state-administered defined benefit retirement systems. Statistics are shown at the national and state levels for revenues, expenditures, cash and investment holdings, membership and beneficiaries. This information includes actuarial liability statistics, which project the total obligation required to cover… Continue Reading
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Author Archives: Sabrina I. Pacifici
CBO Monthly Budget Review for July 2013
“The federal government’s budget deficit was slightly more than $600 billion in the first 10 months of fiscal year 2013, CBO estimates, almost $370 billion less than the shortfall recorded for the same period last year. Revenues have risen by about 14 percent, accounting for much of the decline in the deficit. The results through July… Continue Reading
New Census Bureau Interactive Map Shows Languages Spoken in America
“The U.S. Census Bureau released an interactive, online map pinpointing the wide array of languages spoken in homes across the nation, along with a detailed report on rates of English proficiency and the growing number of speakers of other languages. The 2011 Language Mapper shows where people speaking specific languages other than English live, with dots representing how… Continue Reading
Pew: 51% of U.S. Adults Bank Online
Susannah Fox: “Fifty-one percent of U.S. adults, or 61% of internet users, bank online. Thirty-two percent of U.S. adults, or 35% of cell phone owners, bank using their mobile phones. Both types of digital banking are on the rise. In 2010, 46% of U.S. adults, or 58% of internet users, said they bank online. In… Continue Reading
CFP Examines Student Loan Data to Identify Scope of Debt
CFPB: “A few weeks ago, we released new estimates on the size of the student loan market, which is approaching $1.2 trillion, with federal student loans crossing the $1 trillion mark. While there’s been a lot of discussion about changes to federal student loan interest rates on new loans, many of you have asked: what’s… Continue Reading
Working Paper – ECB Monetary Policy in the Recession
ECB Monetary Policy in the Recession: A New Keynesian (Old Monetarist) Critique by Robert L. Hetzel, Federal Reserve Bank of Richmond “Use of the New Keynesian model to identify shocks points to contractionary monetary policy as the cause of the Great Recession in the Eurozone.” Continue Reading
Will a Surge in Labor Force Participation Impede Unemployment Rate Improvement?
Federal Reserve Bank of Richmond – Will a Surge in Labor Force Participation Impede Unemployment Rate Improvement? by Andreas Hornstein, Karl Rhodes “The labor force participation rate has been falling since 2000, a trend that accelerated somewhat during the recession of 2007-09. Some economists and journalists have questioned whether recent improvements in the labor market will cause non-participants… Continue Reading
Gallup – U.S. Job Creation Stable Overall, but Federal Jobs Dwindle
Gallup Poll: “Gallup’s U.S. Job Creation Index was steady in July, at +21, similar to +22 in June. While non-government workers, as well as state and local government workers, reported little change in net hiring at their workplaces, federal workers reported a significant decline. Net federal hiring was lower in July, at -17, than it… Continue Reading
Ponemon 2013 Live Threat Intelligence Impact Report
“We are pleased to announce the release of a new study, Live Threat Intelligence Impact Report 2013, that reveals the facts behind the impact that weak intelligence can have on organizations and why the ability to quickly gather, analyze and use actionable intelligence is essential to cyber defense. According to the study sponsored by Norse,… Continue Reading
CDC – Firearm Homicides and Suicides in Major Metropolitan Areas
Firearm Homicides and Suicides in Major Metropolitan Areas — United States, 2006–2007 and 2009–2010 – Morbidity and Mortality Weekly Report (MMRW). August 2, 2013 / 62(30);597-602 “Firearm homicides and suicides are a continuing public health concern in the United States. During 2009–2010, a total of 22,571 firearm homicides and 38,126 firearm suicides occurred among U.S.… Continue Reading
CDC – Progress on Childhood Obesity
Vital Signs: Obesity Among Low-Income, Preschool-Aged Children — United States, 2008–2011. August 6, 2013 – Morbidity and Mortality Weekly Report (MMWR) “Background: The prevalence of obesity among U.S. preschoolers has doubled in recent decades. Childhood obesity increases the risk for adult obesity and is associated with negative health consequences. Trends in the state-specific prevalence of… Continue Reading
Credit Crunches and Credit Allocation in a Model of Entrepreneurship
Bassetto, Marco, Cagetti, Marco and De Nardi, Mariacristina, Credit Crunches and Credit Allocation in a Model of Entrepreneurship (July 31, 2013). FRB of Chicago Working Paper No. 2013-06. “We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only… Continue Reading
