Money and Computing
Reconstructing the Chromosomes of the Earliest Animals on Earth; In Marine Invertebrates Chromosomes Have Remained Largely the Way They Were In the Earliest Common Ancestor of All Animals
The fact that the genes of diverse invertebrates group together so faithfully, despite hundreds of millions of years of independent evolution, could indicate that for genes to jump around among chromosomes is a lot harder than scientists presumed from their studies of vertebrates, where genes have rearranged more frequently, likely because of genetic drift. “Animals like amphioxus [also called lancelet] live in huge populations where the rare mutants with rearranged chromosomes are at a disadvantage and typically die out, whereas, in small, subdivided populations, which is more typical of mammals, rearrangements are more likely to survive and spread. That’s one hypothesis.” more »
GAO, COVID-19: Significant Improvements Are Needed for Overseeing Relief Funds and Leading Responses to Public Health Emergencies
Fast Facts: In our 9th comprehensive report on the COVID-19 pandemic, we provide updates on topics like pandemic emergency rental assistance and tax relief for businesses. In this report, GAO makes five new recommendations in the areas of emergency rental assistance, nutrition assistance, and tax relief for businesses. GAO is also designating the Department of Health and Human Services’ (HHS) leadership and coordination of a range of public health emergencies as high risk. This designation is in keeping with long-standing efforts to identify federal programs needing transformation, and to help ensure sustained executive branch and congressional attention so the nation is prepared for future emergencies. more »
Four Individuals Indicted on Wage Fixing and Labor Market Allocation; Conspiracy Aimed at Suppressing Pay for Essential Workers During COVID-19 Pandemic
“Early in the pandemic, Maine made additional resources available to ensure that seniors continued to receive in-home care and that essential workers would be able to afford personal protective equipment,” said U.S. Attorney Darcie McElwee for the District of Maine. “The U.S. Attorney’s Office is proud to partner with the Antitrust Division to protect essential workers from the type of conduct alleged in the indictment returned by the grand jury.” “PSS workers and other essential workers risked their health caring for others at the onset of the COVID-19 pandemic,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “The indictment in this case alleges that the employers of these workers colluded to deprive them of opportunities to earn better wages. The Antitrust Division and our partners will investigate and prosecute this conduct to the fullest extent of the law. more »
Federal Reserve Issues FOMC Statement Signaling a March Interest Rate Hike as Well As Reducing the Size of the Fed's Balance Sheet
"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent. With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. Beginning in February, the Committee will increase its holdings of Treasury securities by at least $20 billion per month and of agency mortgage backed securities by at least $10 billion per month. The Federal Reserve's ongoing purchases and holdings of securities will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses." more »