Posts Tagged ‘Federal’

Federal authorities intercepted another immigrant-filled boat Thursday morning off the San Diego County coast, the fifth maritime smuggling attempt foiled in the last week. U.S. Border Patrol agents apprehended eight suspected illegal immigrants as they came ashore on Swami’s Beach in Encinitas. The seven men and one woman were aboard a small panga boat. A total of 56 immigrants and suspected smugglers have been arrested since ... Full story

Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing "The Economic Outlook".Event: Joint Economic Committee HearingDate: 4/15/2010 Related posts: Ron Paul and Alan Grayson Call for Delay to Bernanke Confirmation Hearing Ron Paul ... Full story

Chairman Ben S. Bernanke Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. March 25, 2010 ~~~ Chairmen Frank and Watt, Ranking Members Bachus and Paul, and other members of the Committee and Subcommittee, I appreciate the opportunity to discuss the Federal Reserve’s strategy for exiting from the extraordinary lending and monetary policies that it implemented to combat the financial crisis and support economic ... Full story

In all the to-and-fro about how best to regulate the financial sector, one fact tends to get overlooked: regulators get paid less — a lot less — than the people they’re supposed to oversee. According to Dennis Berman of the Wall Street Journal, bank examiners at the Federal Reserve of Philadelphia get paid between US$40,000 and US$140,000 a year. “Just to put things into context, ... Full story

The US markets closed higher following the Federal Reserve announcement that interest rates were unchanged and will remain that way for some time.    The Dow closed  up 43 points or 0.4%  at 10,685, the  S&P500 was up 9 points or 0.8%  at 1159 and the Nasdaq was up 16 points or 0.7% at 2378. Full story

On Friday, the Federal Reserve released their Z.1 Flow of Funds statement for Q4 2009. FoF is essentially a snapshot of households, companies and governement’s balance sheet. It showed a very modest improvement in the aggregate debt levels. Barron’s noted that consumers showed some signs of cleaning up their balance sheets ever so slightly: The Numbers 1.3%: gain in U.S. household net worth in the fourth ... Full story

The Honorable Barack Obama President of the United States 1600 Pennsylvania Avenue, N.W. Washington, DC 20500 Dear President Obama: As you know, you will soon have the historic opportunity to nominate three candidates to the Federal Reserve Board of Governors. At this moment of great economic pain for millions of working families, we strongly urge you to appoint candidates to these positions who will fight to protect ... Full story

A Philadelphia jury has awarded a firefighter $100,000 in a hearing loss lawsuit filed over the design of sirens used by the city's emergency response vehicles. The case is one of several hundred similar lawsuits involving hearing damage for firefighters caused by Q-Sirens, made by Federal Signal Corp.. More than 600 firefighter hearing loss lawsuits in Pennsylvania state court are coordinated as a ... Full story

Consequences of Expiration of Federal Surface Transportation Programs Highway Funding - No reimbursements to States for Federal highway funds. The Federal Highway Administration (FHWA) will not be able to approve any new expenditures from the Highway Trust Fund beginning on Sunday, February 28th. This will prohibit FHWA from reimbursing States for any Federal highway funds that they commit. Based on FHWA Trust Fund projections, this ... Full story

By Pedro Nicolaci da Costa WASHINGTON, March 1 (Reuters) – Richmond Federal Reserve Bank President Jeffrey Lacker on Monday proposed abolishing the authority of the U.S. central bank to lend to non-bank firms, which he said would help re-establish market discipline. “I and several others have suggested limiting the Fed’s ability to engage in extraordinary credit measures,” Lacker said in prepared remarks at a breakfast sponsored by ... Full story