Money and Computing
Former Security Services Executives Plead Guilty to Rigging Bids for Department of Defense Security Contracts
“These individual guilty pleas, which follow the sentencing of G4S NV, demonstrate the division’s commitment to the vigorous enforcement of antitrust laws,” said Acting Assistant Attorney General Richard A. Powers of the Department of Justice’s Antitrust Division. “The division and its Procurement Collusion Strike Force partners will continue to investigate and prosecute both individual and corporate wrongdoers who seek to exploit the government procurement process...” In November 2019, the Department of Justice created the Procurement Collusion Strike Force (PCSF), a joint law enforcement effort to combat antitrust crimes and related fraudulent schemes that impact government procurement, grant, and program funding at the federal, state, and local levels. more »
Ferida Wolff's Backyard: Corn Rows and Hurricane Ida
Ferida Wolff writes: Now, traveling by local farms reminds me that Autumn is here. The cornstalks, so plentiful during growing season, are turning brown and wilting. Farmers are cutting them down, leaving the fields covered with the remains of summer’s corn crop. It’s nature’s reminder that all things flourish for a time and then release their energy. What we need now is a new way to look at our environment. Perhaps by changing our interference with nature we can modify the strength and number of storms in the future. The National Oceanic and Atmospheric Administration, a part of the U.S. Department of Commerce posted a recent article: US Hit By 18-Billion Dollar Disasters So Far This Year
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Financial Inclusion and Economic Challenges in the Shadow of the Pandemic: A Conversation with Tribal Leaders Governor Lael Brainard At Fed Listens: Roundtable with Oklahoma Tribal Leaders, Oklahoma City, Oklahoma
"I want to highlight two of the proposals that the Federal Reserve Board (the Board) sought feedback on in the September 2020 Advance Notice of Proposed Rulemaking to strengthen CRA regulations. Recognizing that many places in Indian Country have few bank branches and are located outside of branch-based assessment areas, the Board proposed that a bank in any part of the country could receive credit for eligible CRA activities in Indian Country, even when there is not a branch nearby. Banks need to be confident about receiving CRA credit to seek out activities and investments in these areas." "Here in Oklahoma, when looking at how the economic activity of tribes compares with different industries in the state, tribes would rank 9th in output, at over $7 billion, and 11th in job creation — greater than either the construction or utilities industries."
October 13, 2021
Financial Inclusion and Economic Challenges in the Shadow of the Pandemic: A Conversation with Tribal Leaders
Governor Lael Brainard
At Fed Listens: Roundtable with Oklahoma Tribal Leaders, Oklahoma City… more »
The Hidden US COVID-19 Pandemic: Orphaned Children – More than 140,000 US Children Lost a Primary or Secondary Caregiver Due to the COVID-19 Pandemic
One US child loses a parent or caregiver for every four COVID-19 deaths, a new modeling study published in Pediatrics reveals. The findings illustrate orphanhood as a hidden and ongoing secondary tragedy caused by the COVID-19 pandemic and emphasizes that identifying and caring for these children throughout their development is a necessary and urgent part of the pandemic response – both for as long as the pandemic continues, as well as in the post-pandemic era ... In the closing words of the paper, “Effective action to reduce health disparities and protect children from direct and secondary harms from COVID-19 is a public health and moral imperative.” more »