Through the month of September 2008, a series of failures and bailouts, including Lehman Brothers, American International Group, Fannie Mae and Freddie Mac, and the Reserve Primary Fund led to a near collapse of the global financial system, requiring an unprecedented level of public support to stem a full-scale financial panic. On this five year anniversary of the financial crisis, many leaders have reflected on what happened, its impact on the real economy, and how the financial system has or has not changed since then.
Thursday, September 12
8:30AM to 10:30AM
Who: G. William Hoagland, Senior Vice President of the Bipartisan Policy Center
What: With one of the most ideologically polarized Congresses of all time in office, can Washington come to a consensus on controlling the nation's growing $16.7 trillion debt? Join National Journal for a LIVE policy summit, convening members of Congress and other experts to examine what is being done to solve the long-term debt problem.
Our time in Washington has taught us that the actions of federal regulators can sometimes have unintended and harmful consequences. That’s why we have watched, with particular interest, developments in the “qualified residential mortgage” or QRM rulemaking that is winding its way through a maze of six federal agencies. How this rule is ultimately fashioned will shape the mortgage market for many years to come.
As our nation works to rein in rising rates of chronic disease and their associated health care costs, nutrition and physical activity are making strides in the medical world as viable—indeed, important—avenues toward better health and disease prevention. While health care providers can be an important source of information and motivation for patients making behavior changes, currently providers are not always equipped with the training or incentives to provide effective nutrition and physical activity counseling to patients.
With updated government financial data and a more extensive analysis of daily transactions that will occur in September, October, and November, BPC has narrowed our projected X Date window to October 18 – November 5. This range will be regularly updated in the coming weeks, as warranted by the data.
It is almost five years since the worst phase of the financial crisis began with the collapse of Lehman Brothers, and the ensuing market panic. We are much safer now, and will be safer still going forward, but this is not the message that the public hears.
Senate Majority Leader Harry Reid (D-NV) dined with five Senate Majority Leaders last weekend.
A wide range of reports and analysis shows that we do not know if workers accessing employment and job training services are receiving services that result in long-term, sustainable employment. In fact, no rigorous evaluation of the Workforce Investment Act (WIA), the one-stop system for many of the programs identified by the GAO, has occurred to see whether the services provided make a difference in either the employment or earnings of workers seeking help. Therefore, is it any wonder that there is growing belief that these programs are not meeting their intended goals and do not work?
This op-ed was originally published by The Hill.
The last real government shutdowns occurred in the winter of 1995. Two funding gaps that winter resulted in a total of 26 days of hiatus when President Clinton battled it out with Speaker Gingrich and Majority Leader Dole over spending and taxes. While threats of government shutdown raised their head in 2011, 18 years have passed since anyone has really experienced a shutdown.
The latest report by inspectors from the International Atomic Energy Agency (IAEA), released on August 28, makes clear two things: credible red lines are effective; and precision is important in formulating those red lines. Over the last year, Iran has been deliberately slowing down parts of their nuclear program—specifically their accumulation of 20% enriched uranium—to avoid stating a very clearly drawn, and apparently credible in the eyes of Iran’s leadership, Israeli red line. At the same time, however, Iran has found ways to speed up other elements of its nuclear program without crossing any red lines, while still drawing closer to nuclear weapons capability.