Thursday, September 30, 2010

Remarks by Chairman Bernanke at the Federal Reserve System Town Hall Meeting with Educators

Remarks by Chairman Bernanke at the Federal Reserve System Town Hall Meeting with Educators

At the Federal Reserve System Town Hall Meeting with Educators, Washington, D.C.

http://www.federalreserve.gov/newsevents/speech/bernanke20100930a.htm

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Federal Reserve offers $5 billion in 28-day term deposits through its Term Deposit Facility

Federal Reserve offers $5 billion in 28-day term deposits through its Term Deposit Facility

http://www.federalreserve.gov/newsevents/press/monetary/20100930a.htm

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News Alert: Emanuel to Depart White House for Chicago Mayoral Bid

Breaking News Alert
The New York Times
Thu, September 30, 2010 -- 12:55 PM ET
-----

Emanuel to Depart White House for Chicago Mayoral Bid

President Obama will give his chief of staff, Rahm Emanuel, a
send-off at the White House on Friday as Mr. Emanuel
officially announces his departure from the West Wing to run
for mayor of Chicago, officials familiar with the decision
said.

The event will take place in the Rose Garden, weather
permitting, and is tentatively scheduled for late morning,
said the officials, who declined to be named in advance of an
official announcement.

Mr. Obama plans to name Pete Rouse, a senior adviser, to
replace Mr. Emanuel, two officials confirmed. Mr. Rouse has
been at Mr. Obama's side since the moment he arrived in
Washington nearly six years ago, serving as his chief of
staff in his United States Senate office.

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Federal Reserve announces implementation date for changes to the Payment System Risk Policy

Federal Reserve announces implementation date for changes to the Payment System Risk Policy

http://www.federalreserve.gov/newsevents/press/other/20100930a.htm

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News Alert: Tony Curtis, Hollywood Icon, Dies at 85, The A.P. Reports

Breaking News Alert
The New York Times
Thu, September 30, 2010 -- 6:31 AM ET
-----

Tony Curtis, Hollywood Icon, Dies at 85, The A.P. Reports

Tony Curtis, a classically handsome movie star who earned an
Oscar nomination as an escaped convict in Stanley Kramer's
1958 movie "The Defiant Ones," but whose public preferred him
in comic roles in films like "Some Like It Hot" (1959) and
"The Great Race" (1965), died Wednesday of a cardiac arrest
in his Las Vegas area home. He was 85.

His death was confirmed by the Clark County coroner, The
Associated Press reported.

As a performer, Mr. Curtis drew first and foremost on his
startlingly good looks. With his dark, curly hair, worn in a
sculptural style later imitated by Elvis Presley, and plucked
eyebrows framing pale blue eyes and wide, full lips, Mr.
Curtis embodied a new kind of feminized male beauty that came
into vogue in the early 1950s.

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Wednesday, September 29, 2010

News Alert: Contador Tests Positive for Banned Substance; May Lose Tour Title

Breaking News Alert
The New York Times
Wed, September 29, 2010 -- 11:49 PM ET
-----

Contador Tested Positive for Banned Substance; May Lose Tour Title

Alberto Contador, a three-time winner of the Tour de France,
tested positive for a banned substance on the final rest day
of the Tour in July, according to a statement sent Wednesday
by his spokesman, Jacinto Vidarte.

Contador, a Spaniard formerly on the Astana team, could lose
the title he won this year and face a two-year suspension.

He learned about the positive test for the banned drug
clenbuterol, a weight-loss and muscle-building drug, on Aug.
24, nearly a month after winning the Tour, the statement
said. He had tested positive for the substance on July 21,
one day before the race's decisive mountain stage.

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Testimony by Chairman Bernanke on regulatory reform implementation

Testimony by Chairman Bernanke on regulatory reform implementation

Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.

http://www.federalreserve.gov/newsevents/testimony/bernanke20100930a.htm

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Agencies announce final Community Reinvestment Act rule to implement Higher Education Opportunity Act provision

Agencies announce final Community Reinvestment Act rule to implement Higher Education Opportunity Act provision

http://www.federalreserve.gov/newsevents/press/bcreg/20100929a.htm

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Written agreement with First Heritage Corporation

Written agreement with First Heritage Corporation

http://www.federalreserve.gov/newsevents/press/enforcement/20100929a.htm

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Tuesday, September 28, 2010

News Alert: Guilty Plea Expected by Ex-N.Y. Comptroller Alan G. Hevesi in Corruption Case

Breaking News Alert
The New York Times
Tue, September 28, 2010 -- 7:08 PM ET
-----

Guilty Plea Expected by Ex-N.Y. Comptroller Alan G. Hevesi in Corruption Case

Alan G. Hevesi, the former state comptroller, is poised to
plead guilty to a felony corruption charge after a lengthy
investigation into his office's rewarding of pension
investment business to firms that provided financial benefits
to Mr. Hevesi and his aides, people with knowledge of the
case said.

Barring an 11th-hour change of heart, Mr. Hevesi will become
the highest-ranking state official convicted in the case and
most likely to serve time in prison: In 2006, he pleaded
guilty to a separate felony after admitting he had used state
workers to chauffeur his ailing wife, but avoided jail time
in that case after he agreed to resign.

Read More:
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News Alert: Many Feared Dead in Mexican Landslide

Breaking News Alert
The New York Times
Tue, September 28, 2010 -- 11:21 AM ET
-----

Many Feared Dead in Mexican Landslide

A hillside collapsed onto a village in the southern Mexican
state of Oaxaca early Tuesday, burying houses in mud and
stones and trapping hundreds of people as they slept, state
authorities said.

As many as 300 houses in the village of Santa Maria
Tlahuitoltepec may have been buried in the landslide, said
the state governor, Ulises Ruiz.

Rescue workers trying to reach the village with earth-moving
equipment have been hampered by blocked roads in the remote
area, which has been pounded by incessant rains. "We hope to
reach in time to rescue those families who were buried by the
hill," Mr. Ruiz told Mexican television.

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Credit quality of the Shared National Credit Portfolio improved in 2010

Credit quality of the Shared National Credit Portfolio improved in 2010

http://www.federalreserve.gov/newsevents/press/bcreg/20100928a.htm

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Monday, September 27, 2010

Written agreement with Monarch Community Bancorp

Written agreement with Monarch Community Bancorp

http://www.federalreserve.gov/newsevents/press/enforcement/20100927a.htm

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Sunday, September 26, 2010

News Alert: U.S. Is Working to Ease Wiretapping on the Internet

Breaking News Alert
The New York Times
Mon, September 27, 2010 -- 12:46 AM ET
-----

U.S. Is Working to Ease Wiretapping on the Internet

Federal law enforcement and national security officials are
preparing to seek sweeping new regulations for the Internet,
arguing that their ability to wiretap criminal and terrorism
suspects is "going dark" as people increasingly communicate
online instead of by telephone.

Essentially, officials want Congress to require all services
that enable communications -- including encrypted e-mail
transmitters like BlackBerry, social networking Web sites
like Facebook and software that allows direct "peer to peer"
messaging like Skype -- to be technically capable of
complying if served with a wiretap order. The mandate would
include being able to intercept and unscramble encrypted
messages.

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Friday, September 24, 2010

Speech by Chairman Bernanke on the implications of the financial crisis for economics

Speech by Chairman Bernanke on the implications of the financial crisis for economics

At the Conference Co-sponsored by the Center for Economic Policy Studies and the Bendheim Center for Finance, Princeton University, Princeton, New Jersey

http://www.federalreserve.gov/newsevents/speech/bernanke20100924a.htm

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News Alert: Zucker Announces Departure From NBC

Breaking News Alert
The New York Times
Fri, September 24, 2010 -- 11:12 AM ET
-----

Zucker Announces Departure From NBC

Jeff Zucker, the chief executive of NBC Universal, told the
company's employees in an e-mail Friday morning that he will
step down from his position upon the completion of the
takeover of NBC by Comcast.

The fate of Mr. Zucker, the longest-serving senior manager at
NBC, has been the subject of widespread speculation since
Comcast agreed last December to purchase 51 per cent of NBCU
from its long-time corporate owner, General Electric. The
deal is expected to close at the end of the year, following
regulatory approval.

In an interview in NBC's executive offices, Mr. Zucker, who
is 45, said the decision to leave the only employer he has
ever worked for -- a decision he acknowledged he was not his
own choice -- became inevitable after a meeting two weeks ago
with Steve Burke, Comcast's chief operating officer.

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Remarks by Governor Duke on the Home Mortgage Disclosure Act hearing

Remarks by Governor Duke on the Home Mortgage Disclosure Act hearing

At the Public Hearing on the Home Mortgage Disclosure Act, Federal Reserve Board Building, Washington, D.C.

http://www.federalreserve.gov/newsevents/speech/duke20100924a.htm

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Thursday, September 23, 2010

Testimony by General Counsel Scott G. Alvarez on incentive compensation

Testimony by General Counsel Scott G. Alvarez on incentive compensation

Before the House Committee on Financial Services, Washington, D.C.

http://www.federalreserve.gov/newsevents/testimony/alvarez20100924a.htm

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News Alert: Regulators Severely Restrict Avandia, Citing Heart Risks

Breaking News Alert
The New York Times
Thu, September 23, 2010 -- 11:40 AM ET
-----

F.D.A. and European Regulators Severely Restrict Avandia, Citing Heart Risks

In a highly unusual coordinated announcement, drug regulators
in Europe and the United States said Thursday that Avandia,
the diabetes medicine made by GlaxoSmithKline, will no longer
be widely available.

The drug's sales will be halted entirely in Europe, and
patients in the United States will be allowed to receive it
only if they have tried every other diabetes medicine and
have been made aware of the drug's substantial risks to the
heart.

The steps all but ensure that sales of Avandia -- $1.19
billion last year, and $3.2 billion as recently as 2006 --
will plunge to almost nothing as other regulators follow
suit.

Read More:
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Prompt corrective action directive against LandMark Bank of Florida

Prompt corrective action directive against LandMark Bank of Florida

http://www.federalreserve.gov/newsevents/press/enforcement/20100923b.htm

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Written agreement with Miners and Merchants Bancorp and TruPoint Bank

Written agreement with Miners and Merchants Bancorp and TruPoint Bank

http://www.federalreserve.gov/newsevents/press/enforcement/20100923a.htm

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Wednesday, September 22, 2010

News Alert: China Blocks Export of Crucial Minerals to Japan as Dispute Escalates

Breaking News Alert
The New York Times
Wed, September 22, 2010 -- 10:55 PM ET
-----

China Blocks Export of Crucial Minerals to Japan as Dispute Escalates

Sharply raising the stakes in a dispute over Japan's
detention of a Chinese fishing trawler captain, the Chinese
government has placed a trade embargo on all exports to Japan
of a crucial category of minerals used in products like
hybrid cars, wind turbines and guided missiles.

Chinese customs officials are halting all shipments to Japan
of so-called rare earth elements, industry experts said on
Thursday morning.

Read More:
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Tuesday, September 21, 2010

News Alert: Top White House Economic Advisor to Depart

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 5:25 PM ET
-----

Top White House Economic Advisor to Depart

Lawrence H. Summers, who for nearly two years has been the
architect of President Obama's economic policies, is leaving
the White House to return to Harvard University at the end of
the year, the White House has announced.

Read More:
http://www.nytimes.com?emc=na

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News Alert: Military Spending Bill Is Stalled by Procedural Vote in Senate

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 3:07 PM ET
-----

Military Spending Bill Is Stalled by Procedural Vote in Senate

The Senate on Tuesday voted against taking up a major
military bill that includes a provision allowing the repeal
of the "don't ask, don't tell policy" regarding gay soldiers.

Senate Republicans blocked debate of the bill -- the huge,
annual authorization of military programs -- after the
majority leader, Harry Reid, Democrat of Nevada, said he
would attach a number of the Democrats' election-year
priorities to it and also move to limit the amendments to be
offered by Republicans.

The vote was 56 to 43.

Congress has approved the annual Pentagon authorization bill
for 48 consecutive years, and it seems likely that the
measure will be brought up again after the election in the
relatively calmer -- if somewhat unpredictable -- atmosphere
of a lame duck session.

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http://www.nytimes.com?emc=na

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News Alert: Fed Leaves Rates Unchanged; Remains Ready to Buy Up Debt

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 2:23 PM ET
-----

Fed Leaves Rates Unchanged; Remains Ready to Buy Up Debt

The Federal Reserve on Tuesday left benchmark interest rates
unchanged and announced no new steps to speed the plodding
economic recovery, though it reaffirmed that it could start
buying vast quantities of government debt if unemployment
does not improve. Led by its chairman, Ben S. Bernanke, the
Fed's policy-setting committee postponed a pivotal decision
on whether to begin a big new push to stimulate the economy
by creating money and buying large amounts of Treasury
securities, a strategy known as quantitative easing.

In its announcement, the Fed said it saw the pace of economic
growth slowing, and little to no evidence that inflation
would pose a problem in the near future, justifying a
continuation of exceptionally low interest rates.

Read More:
http://www.nytimes.com/2010/09/22/business/economy/22fed.html?hp&emc=na

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