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  • Staff Reporter 1
    FDIC says FDIC-Insured Institutions Reported Improved Profitability in Third Quarter 2020
    by Staff Reporter 1
    Federal Deposit Insurance Corporation says FDIC-Insured Institutions Reported Improved Profitability in Third Quarter 2020 | site |
    • Quarterly Net Income Improved, Primarily Because of Lower Provision Expense
    • Net Interest Margin Fell to a Record Low
    • Loan and Lease Balances Declined, Driven by Reduced Commercial and Industrial Lending Activity
    • Noncurrent Loan Balances Increased Modestly
    • Community Banks Reported a 10 Percent Increase in Net Income Year Over Year



    “The banking industry exhibited operational resiliency in the third quarter, with improvements in profitability despite continued headwinds and economic uncertainties resulting from the effects of the COVID-19 pandemic.”

    — FDIC Chairman Jelena McWilliams




    (Information contained in Federal Deposit Insurance Corporation press release: December 1, 2020)

    Washington - - The Federal Deposit Insurance Corporation (FDIC) today reported results from commercial...
    12-02-2020, 06:09 AM
  • Staff Reporter 1
    U.S. Department of Transportation is Preparing the Way for Swift COVID-19 Vaccine Transport
    by Staff Reporter 1
    U.S. Department of Transportation is Preparing the Way for Swift COVID-19 Vaccine Transport | site |



    (Information contained in U.S. Department of Transportation press release: December 1, 2020)

    Washington - - The U.S. Department of Transportation (Department) today announced that all of its necessary regulatory measures have been taken for the safe, rapid transportation of the coronavirus disease 2019 (COVID-19) vaccine by land and air. With the unprecedented pace of vaccine development through Operation Warp Speed, the Department has made preparations to enable the immediate mass shipment of the COVID-19 vaccine.

    “The Department has laid the groundwork for the safe transportation of the COVID-19 vaccine and is proud to support this historic endeavor,” said U.S. Transportation Secretary Elaine L. Chao.

    Over the last several weeks Department of Transportation agencies and Operation Warp Speed officials have been coordinating
    ...
    12-02-2020, 05:19 AM
  • Staff Reporter 1
    U.S. Department of Education Unveils FSA Partner Connect Portal at Annual Training Conference
    by Staff Reporter 1
    U.S. Department of Education Unveils Federal Student Aid Partner Connect Portal at Annual Training Conference | site |



    (Information contained in U.S. Department of Education press release: December 1, 2020)

    Washington - - Today, during its virtual 2020 training conference for financial aid professionals, the U.S. Department of Education's (Department) office of Federal Student Aid (FSA) unveiled its latest update to U.S. Secretary of Education Betsy DeVos' Next Gen FSA initiative: the FSA Partner Connect portal. The site, announced by FSA Chief Operating Officer Mark A. Brown, will consolidate the tools that institutions and other partners use onto a single digital platform. "A few short years ago, we set out to transform Federal Student Aid to function like a world-class financial institution and to better serve our customers," said Secretary DeVos. "We have made tremendous progress on that goal, and student aid borrowers have more resour
    ...
    12-02-2020, 04:46 AM
  • Staff Reporter 1
    FDA Approves First PSMA-Targeted PET Imaging Drug for Men with Prostate Cancer
    by Staff Reporter 1
    U.S. Food and Drug Administration Approves First PSMA-Targeted PET Imaging Drug for Men with Prostate Cancer | site |



    (Information contained in U.S. Food and Drug Administration [FDA] press release: December 1, 2020) Today, the U.S. Food and Drug Administration approved Gallium 68 PSMA-11 (Ga 68 PSMA-11) – the first drug for positron emission tomography (PET) imaging of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer. Ga 68 PSMA-11 is indicated for patients with suspected prostate cancer metastasis (when cancer cells spread from the place where they first formed to another part of the body) who are potentially curable by surgery or radiation therapy. Ga 68 PSMA-11 is also indicated for patients with suspected prostate cancer recurrence based on elevated serum prostate-specific antigen (PSA) levels. Ga 68 PSMA-11 is a radioactive diagnostic agent that is administered in the form of an intravenous injection. “Ga 68 PS...
    12-02-2020, 04:23 AM
  • Staff Reporter 1
    AFL-CIO: America’s Unions Mourn the Passing of TTD President Larry Willis
    by Staff Reporter 1
    AFL-CIO: America’s Unions Mourn the Passing of TTD President Larry Willis | site |


    (Information contained in AFL-CIO press release: November 30, 2020)

    Statement from AFL-CIO President Richard Trumka on the passing of Transportation Trades Department (TTD) President Larry Willis: The collective hearts of America’s labor movement, particularly transportation unions, are broken by the tragic death of our brother, TTD President Larry Willis. Larry brought a love of workers and a deep understanding of transportation issues to his leadership of TTD. He paid incredible attention to detail, always looking for opportunities to win more power and prosperity for the working people who move America. As a lawyer, congressional staff member, policy expert and worker advocate, Larry was respected across the aisle and throughout our movement. Larry’s passing is a reminder that we cannot take a single day for granted, and the AFL-CIO will honor his memory by fighting
    ...
    12-02-2020, 03:58 AM

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