Money and Computing
US Government Reaches Settlement in Class Action Family Separation Case Seeking Injunctive Relief; “The practice of separating families at the southwest border was shameful.”
"...the Justice Department, the Department of Homeland Security (DHS), and the Department of Health and Human Services (HHS) have worked with plaintiffs to identify class members and their children, developed plans for reunification, and reunified class members with their children. On Jan. 26, 2021, the Justice Department rescinded the Department’s 2018 zero-tolerance policy for offenses under 8 U.S.C. § 1325(a). In Feb. 2021, President Biden issued an Executive Order establishing the Interagency Task Force on the Reunification of Families, comprised of representatives from various federal agencies, including the Justice Department, DHS, and HHS. The parties have worked extensively to reunify families in accordance with the Executive Order and subsequent orders from the district court." more »
Federal Reserve: Financial Stability in Uncertain Times, A Speech by Governor Michelle W. Bowman
Michelle W. Bowman:"Many central banks are facing challenging and uncertain times as they strive to restore price stability and promote financial stability. A stable and resilient financial system is essential for the effective transmission of monetary policy and for a healthy economy. Healthy economies foster financial stability and financial stability fosters healthy economies. It is essential that central banks facing high inflation bring inflation back to target. A failure to do so would only lead to greater financial stability risks through less certain and unstable economic conditions and through reduced central bank credibility. It is, therefore, necessary that central banks, in collaboration with other financial regulators as appropriate, develop and use supervisory and prudential regulatory tools to promote financial stability." more »
Ferida Wolff's Backyard: Turtles Sunbathing
Ferida Wolff Writes: We were out for the afternoon on a hot, late summer day, walking through the woods at the John Heinz National Wildlife Refuge in Philadelphia. We came upon the lake where flowers were blooming and greens were flourishing. I assumed that there would be fish swimming around as there were signs saying No Fishing, but I didn’t see any. Was it too hot for them to peek out of the cool water? There were some logs among the plants in the water. And there, on top of the wood, were turtles! more »
Department of Labor Awards $5M to Train, Expand Pathways for Women for Registered Apprenticeships, Nontraditional Occupations
"To fulfill the promise of President Biden’s Investing in America agenda and to rebuild the nation’s economy from the middle out and the bottom up, we can’t afford to leave any talent untapped,” said Acting Secretary of Labor Julie Su. “Today, we announced grants that will support organizations that are training women for good-paying jobs — including union jobs — while ensuring an equitable workforce development system that helps to provide a talent pipeline for employers in critical sectors." This is the department’s largest award of WANTO grants, a 47 percent increase from 2022. more »