(1) The Trump Administration and internal competition. It seems that President Donald J. Trump thrives on chaos and instability. This result happens with internal competition schemes, such as those championed by Dick Grote. Labor must have unions to guard against abusive employers, as employees’ livelihoods are tied to their paychecks.
(3) What real “full employment” looks like. Bloomberg Business Week.
(4) Globalization and the U.S. Worker. An investment professional wrote a book on the glut of labor that globalization caused. The United States did not prepare any programs to compensate for the job losses and decreases in income.
Daniel Alpert, “The Age of Oversupply.”
(5) Coding boot camps… oversold?
The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday. The release for the week ending March 10, 2018, is below.
H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
|Forms||Forms — initial Board review to extend with revision the Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates (FR Y-8).
-Proposed, March 7, 2018
Forms — final Board review to extend with revision the Interagency Bank Merger Act Application (FR 2070), Interagency Notice of Change in Control (FR 2081a), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081b), and Interagency Biographical and Financial Report (FR 2081c).
Forms — initial Board review to extend without revision the Survey of Consumer Finances (FR 3059).
|Enforcement||The Royal Bank of Scotland Group, plc, Edinburgh, Scotland; The Royal Bank of Scotland plc and its branches in New York and Connecticut; and The Royal Bank of Scotland N.V., Amsterdam, The Netherlands, and its branches in New York and Illinois — cease-and-desist order dated July 26, 2011, terminated March 6, 2018.
-Announced, March 8, 2018
Trinity Capital Corporation, Los Alamos, New Mexico — written agreement dated September 26, 2013, terminated February 27, 2018.
Federal Reserve Board: Balance Sheet (H.4.1 Release)
The Board publishes data of factors affecting reserve balances. The digest is called the H.4.1 Release, and they are published every Thursday (or the next business day if the publication date falls on a federal holiday). The release for March 15, 2018, is below.
[Note: The blog will cover the line titled “Total Factors Supplying Reserve Funds.”]
H.4.1 Release–Factors Affecting Reserve Balances
Total factors supplying reserve funds (as of March 14, 2018): $4,454,552 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).
(See the release for further information.)