Saturday, April 19, 2014

Federal Reserve Banks show economic activity increased

Quick summary of the US economy:

Overall Activity: +
Consumer Spending: +
Tourism: +
Advertising: +
Transportation: +
Manufacturing: +
Housing: Flat
Loans: +
Ag: mixed
Wages: Flat
Prices: Flat

Wednesday, February 12, 2014

Wednesday, January 22, 2014

STANDARDS FOR ASSESSING THE DIVERSITY POLICIES OF BANKS, INVESTMENT FIRMS, CREDIT UNIONS

Under Dodd/Frank, "six federal financial regulatory agencies – the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency –" must, by law, develop standards and an approach to assessing the diversity policies and practices of entities they regulate. This means looking at diversity at all banks, investment firms, and credit unions. All of them. Each of these agencies will develop a way to determine if the policies of the entities they regulate are fair, or at least, inclusive. They are asking for comments on this.

I suggest you comment, and have even drafted proposed comment text for you at: https://docs.google.com/document/d/1_dVF9yIbI5SU_QkiwuNFg3sOkImTdXnUk5J6-pEm0ZM/edit?usp=sharing

Comments are due by Feb. 7, 2014. Submit them via email by going to: Comments on S7-08-13 Joint Standards for Assessing Diversity Policies 

More information can be found at:

PROPOSED INTERAGENCY POLICY STATEMENT ESTABLISHING JOINT STANDARDS FOR ASSESSING THE DIVERSITY POLICIES AND PRACTICES OF ENTITIES REGULATED BY THE AGENCIES AND REQUEST FOR COMMENT. The Agencies extended the deadline through February 7, 2014, to allow the public more time to analyze the issues and prepare their comments on the Policy Statement. http://www.sec.gov/rules/policy/2013/34-70731.pdf
  
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Thursday, January 9, 2014

DC actually leads the nation in municipal environmental responsibility

Yesterday, I testified on the Sustainable DC Omnibus Act of 2013 (Bill number: B20-573). According to the Mayor, the Bill will:

"1. Require electric and gas utilities to provide aggregated whole building (energy consumption and environmental performance) data to building owners and managers electronically to facilitate their ease of reporting required benchmarking data..on a monthly basis
2. Require sellers to transfer all benchmarking data at time of building sale. This will eliminate a 10% fluctuation in buildings reporting data.
3. Create a broad public engagement venue that will allow District residents and engaged stakeholders to participate in an open process each quarter that allows for information sharing and program examination…
4. Prohibit..polystyrene containers for food services.
5. Provide support for an Environmental Literacy Program.
6. Establish a Radon Contractor database.
7. Require the Mayor create a responsive Apiculture regulatory environment.
8. Require property owners to pay for the loss of a tree.”

DC actually leads the nation in municipal environmental responsibility, and I support these initiatives. I noted that the Advisory Board responsible for insuring public input on these activities is not as diverse or as representative of the City as I believe it should be. For example, there is currently no Low Income Group Representative. I find this disturbing, but not unexpected.

A video of my testimony is included below:

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