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December 17, 2014

17:02
“A total of 157.0 million persons worked at some point during 2013, the U.S. Bureau of Labor Statistics reported [December 16, 2014]. The proportion of the civilian noninstitutional population age 16 and over who worked at some time during 2013 was 63.5 percent, little different from 63.8 percent in 2012. The number of persons who experienced some unemployment during […]
16:49
Culp, Christopher L. and Nozawa, Yoshio and Veronesi, Pietro, Option-Based Credit Spreads (December 15, 2014). Available for download at SSRN: http://ssrn.com/abstract=2538876 “Theoretically, corporate debt is economically equivalent to safe debt minus a put option on the firm’s assets. We empirically show that indeed portfolios of long Treasuries and short traded put options (“pseudo bonds”) closely […]
16:46
December 17, 2014: “Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources continues to diminish. […]
16:07
“The horrors of war, the heroism of sacrifice, a vaudeville pioneer, the devil and a master of the macabre represent the diversity of an elite selection of films recognized for their cultural, historic or aesthetic significance. Librarian of Congress James H. Billington announced today the annual selection of 25 motion pictures to be named to […]
15:22
Matthew Goldberg (CBO):  “In Operation Iraqi Freedom, which ended on August 31, 2010, some 3,482 hostile deaths occurred among U.S. military personnel and 31,947 people were wounded in action (WIA). More than 1,800 hostile deaths occurred during Operation Enduring Freedom (in Afghanistan and surrounding countries) through November 2014; about 20,000 more people were wounded in […]
15:17
“According to U.S. Census Bureau estimates released today, the poverty rate for school-age children had no statistical change in 2,199 counties between 2007 and 2013 while 928 counties experienced an increase and 15 showed a decline. The statistics are from the Small Area Income and Poverty Estimates program, which provides the only up-to-date, single-year income and […]
15:13
Department of Homeland Security: Continued Action Needed to Strengthen Management of Administratively Uncontrollable Overtime, GAO-15-95: Published: Dec 17, 2014. Publicly Released: Dec 17, 2014. Fair Labor Standards Act: Extending Protections to Home Care Workers, GAO-15-12: Published: Dec 17, 2014. Publicly Released: Dec 17, 2014. Federal Emergency Management Agency: Opportunities Exist to Strengthen Oversight of Administrative Costs for […]
11:36
New York Times: “The Cuomo administration announced Wednesday that it would ban hydraulic fracturing in New York State, ending years of uncertainty by concluding that the controversial method of extracting gas from deep underground could contaminate the state’s air and water and pose inestimable public-health risks. “I cannot support high volume hydraulic fracturing in the great […]
11:30
Fact Sheet – Charting a New Course on Cuba – see also NYT Graphic – How America’s Relationship With Cuba Will Change “Re-establish diplomatic relations Our diplomatic relations with Cuba were severed in January of 1961. The President is immediately reopening discussions with Cuba and working to re-establish an embassy in Havana in the next coming […]

December 16, 2014

19:21
Starr J, Castro E, Crosas M, Dumontier M, Downs RR, Duerr R, Haak L, Haendel M, Herman I, Hodson S, Hourclé J, Kratz JE, Lin J, Nielsen LH, Nurnberger A, Pröll S, Rauber A, Sacchi S, Smith AP, Taylor M, Clark T. (2014) Achieving human and machine accessibility of cited data in scholarly publications. PeerJ PrePrints […]
19:18
Remarks by Mr Jaime Caruana, General Manager of the BIS, prepared for the IESE Business School conference on “Challenges for the future of banking: regulation, supervision and the structure of banking”, London, 26 November 2014. “The benefits of higher bank capital – absorbing losses, resolving incentive problems and internalising externalities related to systemic risk – […]
17:14
CRS – Hospital-Based Emergency Departments: Background and Policy Considerations. Elayne J. Heisler, Specialist in Health Services; Nancy Leigh Tyler, Research Associate. December 8, 2014. “Hospital-based Emergency Departments (EDs) are required to stabilize patients with emergent conditions regardless of the patients’ ability to pay as a requirement of the Emergency Medical Treatment and Active Labor Act (EMTALA). Given this requirement, EDs […]
17:06
“As part of the Obama Administration’s efforts to make our healthcare system more transparent, affordable, and accountable, the Centers for Medicare & Medicaid Services (CMS) has prepared a public data set, the Medicare Provider Utilization and Payment Data: Physician and Other Supplier Public Use File (Physician and Other Supplier PUF), with information on services and […]
16:38
Brad Hershbein • Visiting Fellow, The Hamilton Project; Benjamin H. Harris • Policy Director, The Hamilton Project; Melissa S. Kearney • Director, The Hamilton Project. “Student debt is becoming the norm for young adults in America. Aggregate student loan debt has more than tripled over the past decade, as both the number of borrowers and the size […]
15:46
“More than six years after the federal government took control of Fannie Mae and Freddie Mac, policymakers are weighing a comprehensive overhaul of the mortgage finance system that could shrink or eventually close the two entities and create a system with more private capital. Fannie Mae and Freddie Mac were originally chartered as government-sponsored enterprises […]
15:44
“Between 2007 and 2012, total expenditures for state and local governments increased by 18.2 percent, from $2.7 trillion to $3.2 trillion, while total revenue declined 1.1 percent over the same five-year period, from $3.1 trillion to $3.0 trillion, according to new U.S. Census Bureau data from the 2012 Census of Governments released today. Two major contributors […]
15:43
Defense Infrastructure: Risk Assessment Needed to Identify If Foreign Encroachment Threatens Test and Training Ranges, GAO-15-149: Published: Dec 16, 2014. Publicly Released: Dec 16, 2014. Hanford Cleanup: Condition of Tanks May Further Limit DOE’s Ability to Respond to Leaks and Intrusions, GAO-15-40: Published: Nov 25, 2014. Publicly Released: Dec 16, 2014. Higher Education: State Funding Trends and […]

December 15, 2014

19:56
News release: “The Freer Gallery of Art and Arthur M. Sackler Gallery, the Smithsonian’s museums of Asian art, will release their entire collections online Jan. 1, 2015, providing unprecedented access to one of the world’s most important holdings of Asian and American art. The vast majority of the 40,000 artworks have never before been seen […]
19:41
Via PLOS ONE – Marcus Eriksen, Laurent C. M. Lebreton, Henry S. Carson, Martin Thiel, Charles J. Moore, Jose C. Borerro, Francois Galgani, Peter G. Ryan, Julia Reisser. Published: December 10, 2014. DOI: 10.1371/journal.pone.0111913 “Plastic pollution is ubiquitous throughout the marine environment, yet estimates of the global abundance and weight of floating plastics have lacked data, particularly from the Southern Hemisphere and remote regions. Here […]
19:38
“LexisNexis® Risk Solutions announced the findings of its annual analysis of mortgage fraud in the U.S., revealing that despite improving economic conditions, mortgage fraud is still a national problem. In fact, mortgage application fraud and misrepresentation has grown for the past three years. Seventy-four percent of loans reported in 2013 involved some kind of fraud […]