Why the Fed Just Decided to Give Big Banks Free Money
'...the Fed is paying America’s banks, collectively, a little more than $12.5 billion per year. So why is the Fed paying banks so much? ...'
Reference: fortune.com
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News article references and commentary scraped from the web in an effort to inform the federal government worker on Federal Pay, Federal Benefits, Federal Retirement and all information relating to the Federal Workforce.
'...the Fed is paying America’s banks, collectively, a little more than $12.5 billion per year. So why is the Fed paying banks so much? ...'
'...The semantic dance of whether or not to call the July mass shooting in Chattanooga a 'terrorist' attack appears to be winding down. FBI Director James Comey twice called the deadly Chattanooga shooting that killed four Marines and one sailor a 'terror attack' during a...'
'...To get the supplement, you have to be younger than age 62 at retirement and eligible for an immediate, unreduced, non-disability FERS basic retirement benefit. You’re eligible at your minimum retirement age (between 55 and 57, depending on your year of birth) with at least 30 years of creditable service, or age 60 with at least 20 years of creditable service...'
'...-- The fact that many police and sheriff departments nationally are short-handed. -- A "YouTube" and "gangbanger" culture that treats guns as if they were fashion accessories. He pointed out that the increase in shootings has included a surge in multivictim incidents, meaning more shootouts. There were several such incidents in Cincinnati over the summer, including an August shootout in Madisonville that left two dead and five injured...'
'...Comey said investigators had followed "dozens and dozens of people around the United States 24/7" during the summer and had "disrupted" them. Comey told the committee that Islamic State recruits from the United States are incrementally younger with more "girls –women under 18" - seeking to join the militant group...'
'...Toyota has a “strict policy to not sell vehicles to potential purchasers who may use or modify them for paramilitary or terrorist activities,” Lewis said. He said it is impossible for the company to track vehicles that have been stolen, or have been bought and re-sold by middlemen...'
'...Congress is considering a bill that would require postal retirees to enroll in Medicare Parts B and D or lose their Federal health insurance. Is this the future for all Federal retirees? - See more at: http://www.fedsmith.com/2015/09/21/will-you-be-forced-to-pay-into-medicare/#sthash.HcEIWG0c.dpuf...'
'...“Mr Walker could only be making these type of proposals to satisfy his most backward-looking, wealthy contributors,” he said, “just as he pursued, as governor, policies advanced by these people that sought to destroy school teachers and other public employees’ rights in Wisconsin.”...'
'...The FEGLI open season runs from Sept. 1 to 30, 2016. During this time, federal employees, who are eligible, can elect or increase their FEGLI life insurance...'
'...The Office of Personnel Management may have suffered more breaches and lost more information than it previously acknowledged...'
'...These are households with enough money to make modest political contributions, enough time to email their elected officials and to sign petitions, and enough influence to sway their neighbors. Upper-middle-class Americans vote at substantially higher rates than those less well-off, and though their turnout levels aren’t quite as high as those even richer than they are...'
'...Those who have spent a long career in government and are covered under the Federal Employees Retirement System are eligible for a benefit known as the FERS Supplement. ...'
'...Class leader Greg Snowden, deputy for Missile Defense and Space Systems Project Office within the Program Executive Office for Missiles and Space, thanked the Defense Acquisition University, its senior leadership and the instructors “for making our experience at SSCF a truly positive journey.”...'
'...ISIS has claimed responsibility for the attack outside a Prophet Mohammed cartoon contest in Texas -- and warned of more attacks to come....'
Batarang Throwing Knife |
'... there's a lot of talk about tolerance in this country today having to do with people on the left. And a -- but here Indiana steps forward to protect the constitutional rights and privileges of freedom of religion for people of faith and families of faith in our state and this avalanche of intolerance that's been poured on our state is just outrageous...'
'... Federal Reserve officials have begun a two-day meeting, which is expected to pave the way for the first rise in interest rates since the 2008 financial crisis. ...'
'...You can print current year and two previous years 1099R at Services Online. ...'
Coursera |
'...When it comes to federal employees, one party wants to give, the other plans to take away. ...'
'...the answer just may lie in the new Phased Retirement program, which formally went into effect in August. The first applications were eligible to be submitted as of November....'
'...Pay raises for most federal employees, including the military, were preserved under the bill although capped at 1% (the military was hoping for 1.8%). Military civilian personnel didn’t fare quite so well: that portion of the budget was cut. ...'
'...Metal Arts started 75 years ago as a small foundry and finishing factory in Milwaukee, casting aluminum letters and seals for the U.S. Postal Service, according to its website. The firm soon expanded to bronze plaques and lettering for businesses, government and organizations, a business model that continued after L&H Manufacturing purchased it. - See more at: http://www.prairiebizmag.com/event/article/id/21408/#sthash.RfedCtlk.dpuf...'
"...There is so much information “out there” – from the “5-step process” in filing for Federal Disability Retirement benefits, to the “10 dos and don’ts” to obtain an OPM Disability Retirement; to the requirement of filing for SSDI; to multiple other acronyms which require a Ph.D. in a second, foreign language: FERS or CSRS; OPM; SSDI; CSRS-Offset; SF 3107; SF 2801; SF 3112A; the Supervisor’s ..."
'...In a letter obtained by the Cox Washington Bureau, the Homeland Security inspector general criticizes the Secret Service for "a serious lapse in judgment."...'
'...Customs and Border Protection within the department began enhanced screening – checking the traveler's temperature and asking about possible exposure to Ebola – at New York's John F. Kennedy airport on Oct. 11. Enhanced screening for travelers from Liberia, Sierra Leone and Guinea was expanded Oct. 16 to Washington's Dulles, Chicago's O'Hare, New Jersey's Newark and Atlanta's Hartsfield-Jackson airports....'
'...Health care workers who had been exposed to Duncan were undergoing self-monitoring. They were allowed to travel but not on a commercial plane with other people, Frieden said....'
'...Beginning this Wednesday, October 1, through October 15, students or recent graduates of advanced degree programs can apply to be Presidential management fellows. The program is open to people who will have received an advanced degree between October 1, 2012 and August 31, 2015. ...'
'...Federal workers who participate in the Federal Flexible Spending Account Program (FSAFEDS) will now be able to rollover up to $500 from one year to the next in unspent funds from their limited expense and health care flexible spending accounts (FSA) thanks to a recent decision by the Office of Personnel Managment. ...'
'...signaling that he wants to give the workers a salary bump while preventing the rates from automatically rising by a greater amount under the law....'
'...August 2013 report by the VA's Office of Inspector General found that many VA facilities tested positive for Legionella and that current methods of hyper-chlorination and super heating were not sustainable in treating the water. A number of concerns are outlined in the letter to OSHA including possible long-term health concerns for patients and staff who are exposed to hyper-chlorinated water...'
'...The agreement calls for pay increases of up to 20 percent for rural carriers; newly hired carriers also will receive hiring bonuses that total $1,000 after one year. Current carriers also get the same sum within a year. ...'
'...In order to ensure the safe transportation of travelers, TSA screens all checked and carry-on baggage before it is permitted to be brought onboard commercial aircraft. Technology generally enables us to electronically screen bags without opening them, but there are times when we need to physically inspect a piece of luggage. TSA has worked with several companies to develop locks that can be opened by security officers using universal "master" keys so that the locks may not have to be cut. These locks are available at most airports and many travel stores nationwide. The packaging on the locks indicates whether they can be opened by TSA. ...'
'...Workers’ eligibility for federal benefits depends on whether they are considered temporary- or permanent-intermittent employees. The layoffs, which largely affect training and testing staff...'
'...This paper analyzes findings from the federal government that federal employees subject to merit-based pay are consistently less happy with their job, with their organization, and with their pay than those in agencies with traditional compensation systems. ...'
'...The Federal Reserve's latest budget includes 2.5 billion new $100 bills this year, Triangle Business Journal reports. A handful of them will have increased value for collectors, due to unique serial numbers....'
'...Many federal workers reporting to their agencies Tuesday morning will undertake a half-day of shutdown preparations before more than 800,000 employees in the government's workforce of about 2.9 million are sent home. ...'
'...The OFR published a notice to give guidance to agency customers and the public. See, 78 FR 59974...'