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  • U.S. Department of the Treasury Finalizes Payroll Support to Aid Airline Industry Employees

    U.S. Department of the Treasury Finalizes Payroll Support to Aid Airline Industry Employees | site |


    (Information contained in U.S. Department of the Treasury press release: January 15, 2021) Washington - - Today, U.S. Treasury Secretary Steven T. Mnuchin announced that the U.S. Department of the Treasury approved more than $12 billion in payroll support for major passenger air carriers to support airline industry workers. Subtitle A of Title IV of Division N of the Consolidated Appropriations Act, 2021 (the PSP Extension Law) provides for up to $16 billion in payroll support for American workers employed by passenger air carriers and contractors (PSP2). Treasury concluded PSP2 agreements with Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, Republic Airways, SkyWest Airlines, Southwest Airlines, Spirit Airlines, and United Airlines. Together, these airlines represen...
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  • FCC Chairman Pai welcomes Industry efforts to Improve Wireless Emergency Alert Geo-Targeting

    Federal Communications Commission Chairman Pai welcomes Industry efforts to Improve Wireless Emergency Alert Geo-Targeting | site |



    (Information contained in Federal Communications Commission [FCC] press release dated: December 16, 2020) Washington, December 16, 2020—Federal Communications Commission Chairman Ajit Pai today praised the Alliance for Telecommunications Industry Solutions (ATIS), a standards organization, for its efforts to improve the geographic accuracy of Wireless Emergency Alerts. “Wireless Emergency Alerts are a more powerful public safety tool than ever before, but I’ve been clear that more should be done to improve the geographic accuracy of these life-saving messages,” said Chairman Pai. “I am pleased that ATIS has heeded my call by developing recommendations to help ensure that these alerts reach all and only those in the affected communities during emergencies. I urge providers to promptly explore implementation of these...
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  • Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

    Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association | site |



    (November 2, 2020) - - On November 2, 2020, the U.S. Department of the Treasury published the following information:


    Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

    The United States was in an historically strong economic position before the SARS-CoV-2 pandemic. Real GDP rose 2.3 percent in 2019 on a Q4/Q4 basis and was poised to maintain a solid pace of growth until the pandemic. In January and February, nonfarm payroll employment rose an average of 232,500 per month, the unemployment rate hovered near the five-decade low of 3.5 percent, and the labor force participation rate reached a six-year high of 63.4 percent. In March, however, th...
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  • GSA says Government Gains Industry’s Best, Brightest with 34 New Presidential Innovation Fellows

    U.S. General Services Administration says Government Gains Industry’s Best, Brightest with 34 New Presidential Innovation Fellows | site |



    2021 PIF Cohort will work on 26 projects across 22 agencies governmentwide


    (October 19, 2020) - - Today, October 19, 2020, the U.S. General Services Administration (GSA) published the following information:

    WASHINGTON - The U.S. General Services Administration’s Presidential Innovation Fellows (PIF) today announced its 2021 cohort. This new class of Fellows includes 34 technology and industry leaders who are beginning a year-long “tour of duty” in the federal government, creating innovative solutions to issues of national priority alongside 22 federal agency partners. Since 2012, PIF has recruited some of industry’s most renowned technologists into the federal government, and this year is no different, including leaders across data science, software engineering, product, design, ent
    ...
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  • National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash

    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash | site |



    (July 14, 2020) - - Today, July 14, 2020, the National Transportation Safety Board (NTSB) published the following information:

    ​WASHINGTON (July 14, 2020) — The National Transportation Safety Board determined during a public board meeting held Tuesday that Atlas Air flight 3591 crashed in Trinity Bay, Texas, because of the first officer’s inappropriate response to an inadvertent activation of the airplane’s go-around mode, resulting in his spatial disorientation that led him to place the airplane in a steep descent from which the crew did not recover.

    The accident happened Feb. 23, 2019, when the Atlas Air Boeing 767 cargo jet entered a rapid descent from about 6,000 feet and impacted a marshy bay about 40 miles from Houston’s George Bush Intercontinental Airport. The captain, first
    ...
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  • U.S. Transportation Secretary Elaine L. Chao Calls on Transportation Industry to Put the Brakes on Human Trafficking

    U.S. Transportation Secretary Elaine L. Chao Calls on Transportation Industry to "Put the Brakes on Human Trafficking"| site |


    (January 28, 2020) - - Today, the U.S. Department of Transportation published the following information:

    WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced a series of efforts to combat human trafficking in the transportation sector. Secretary Chao was joined by leaders from Congress, state governments, and the transportation industry responding to this call to action.

    “The U.S. Department of Transportation is committed to working with our public and private partners to fight human trafficking on America’s transportation system,” said U.S. Transportation Secretary Elaine L. Chao.

    Among the initiatives announced by Secretary Chao is a renewed focus on the “Transportation Leaders Against Human Trafficking” pledge to train the transportation workforce and raise public awareness on the
    ...
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  • U.S. Department of Labor Releases Updated Technical Assistance Guide For Construction Industry Contractors

    U.S. Department of Labor Releases Updated Technical Assistance Guide For Construction Industry Contractors| site |



    (November 13, 2019) - - Today, the U.S. Department of Labor published the following information:

    WASHINGTON, DC - The U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) has released a comprehensive Technical Assistance Guide (TAG) for the construction industry. The guide will assist contractors meet their legal requirements and responsibilities for equal employment opportunity by preventing violations before they occur.

    OFCCP published the TAG for the construction industry to reflect current regulations and provide practical, useful compliance assistance resources for contractors in the construction industry. This guide provides a valuable self-assessment tool for contractors to review the practices they have in place to eliminate discrimination and achieve their equal employment opportunity
    ...
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  • Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association October 30

    Minutes of the Meeting of the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association October 30




    (October 31, 2018) - - The Committee convened in a closed session at the Hay-Adams Hotel at 9:00 a.m. All members, with the exception of Terrence Belton and Irene Tse, were present. Counselor to the Secretary Craig Phillips, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick Steele welcomed the Committee. Other members of Treasury staff present were Ayeh Bandeh-Ahmadi, Chris Cameron, Dave Chung, Tom Katzenbach, Devin O’Malley, Peter Phelan, Renee Tang, and Brandon Taylor. Federal Reserve Bank of New York staff members Lorie Logan, Nathaniel Wuerffel, Susan McLaughlin and Jake Schurmeier were also present. Director Pi...
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  • U.S. Commerce Secretary Wilbur Ross says in Op-Ed that Our National Security Depends on a Healthy Aluminum Industry

    U.S. Commerce Secretary Wilbur Ross says in Op-Ed that Our National Security Depends on a Healthy Aluminum Industry



    U.S. Commerce Secretary Wilbur Ross




    (August 22, 2018) In an Op-Ed published in the Ferdinand News (Ferdinand, IN) and Spencer County Leader (Rockport, IN), U.S. Department of Commerce Secretary Wilbur Ross said the following: The United States cannot expect to field a modern military if it does not have the capability to produce the high-purity aluminum required to build and maintain armaments used by our military. President Donald J. Trump understands this essential principle, and therefore made a historic decision on March 8, 2018, to apply a 10 percent tariff on imported aluminum from any country that has not reached an agreement with the Administration to voluntarily reduce their aluminum exports to the United States. His bold ac...
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  • U.S. Department of Labor Issues Memorandum Outlining Enforcement of Silica Standard for General Industry and Maritime

    U.S. Department of Labor Issues Memorandum Outlining Enforcement of Silica Standard for General Industry and Maritime



    Washington, DC - - (June 8, 2018) - - The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) today issued a memorandum outlining the initial enforcement of the standard for respirable crystalline silica in general industry and maritime. Most provisions of the standard become enforceable on June 23, 2018. The standard establishes a new 8-hour time-weighted average permissible exposure limit, action level, and associated ancillary requirements.

    During the first 30 days of enforcement, OSHA will offer compliance assistance for employers who make good faith efforts to comply with the new standard. OSHA intends to issue interim enforcement guidance until a compliance directive on the new standards is finalized.

    OSHA’s Small
    ...
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  • Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee

    Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

    May 2, 2018 Letter to the Secretary Dear Mr. Secretary: Economic activity slowed in the first quarter of the year, following robust 3% annualized GDP growth in the second half of 2017. Looking ahead to the remainder of 2018, a reacceleration is widely expected, paced by the fiscal stimulus from recently enacted tax and spending legislation. Soon after the Committee’s last meeting, financial markets faced a bout of volatility in early February. The prospect of higher wage and price inflation pushed up interest rates which in turn sparked concerns over equity market valuations. Stocks fell nearly 10% and measures of market volatility jumped. Equity markets have since recovered somewhat, but volatility has remained higher as market participants voice concerns ov...
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  • Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

    Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association




    (April 30, 2018) - - Today, the U.S. Department of the Treasury published the following: Over the past four quarters, real GDP has grown by 2.9 percent, the most rapid pace since early 2015. At nearly nine years old, the current expansion is set to become the second-longest stretch of continuous economic growth in the postwar period. Although the pace of U.S. economic growth moderated to an annual rate of 2.3 percent in the first quarter, compared with 2.9 percent in the fourth quarter, a rebound is expected in coming months and overall strong growth is forecast for the year as a whole. A slowdown in consumption affected economic performance in the first quarter, partly owing to a return of durable goods spending to more normal levels after the hurricane-rel...
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  • U.S. Securities and Exchange Commission Votes to Seek Public Input on Possible Change to Industry Guide 3

    U.S. Securities and Exchange Commission Votes to Seek Public Input on Possible Change to Industry Guide 3





    Washington, DC - - (March 1, 2017) - - The Securities and Exchange Commission (SEC) today voted to publish a request for public comment on disclosures called for by Industry Guide 3 - Statistical Disclosure by Bank Holding Companies. Specifically, the Commission is soliciting public input on whether Guide 3 continues to elicit the information that investors need for informed investment and voting decisions. The Commission also seeks comment on whether there are new types of disclosures about the activities of bank holding companies that investors would find important. “As an agency designed to serve the American people, it is imperative to constantly look back on the SEC’s rules and engage the public on ways to improve,” said SEC Acting Chairman Michael Piwowar. “Today, we are asking for public comment on whether Industry Guide 3 contin
    ...
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  • U.S., Department, Labor, Approves, Grant, Help, Displaced, Kentucky, Coal, Industry, Workers

    U.S. Department of Labor Approves Grant to Help Displaced Kentucky Coal Industry Workers




    Washington, DC - - (February 22, 2017) - - The U.S. Department of Labor approved a National Dislocated Worker Grant for up to $1,989,194, with $1,091,153 released initially, to the Kentucky Education and Workforce Development Cabinet to provide reemployment services to dislocated Kentucky coal industry workers affected by layoffs. It is expected that the grant will be used to serve approximately 175 workers. The funds will serve the counties of Ballard, Caldwell, Calloway, Carlisle, Christian, Crittenden, Fulton, Graves, Henderson, Hickman, Hopkins, Livingston, Lyon, Marshall, McCracken, McLean, Muhlenberg, Ohio, Todd, Trigg, Union and Webster. This funding is part of a multi-agency effort to invest federal economic and workforce development resources in communities and regions negatively impacted by changes in the coal economy. Supported by the Workforce Innovation
    ...
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  • U.S. Securities and Exchange Commission says a Private Equity Adviser is Barred From Industry for Improper Withdrawal From Funds

    U.S. Securities and Exchange Commission says a Private Equity Adviser is Barred From Industry for Improper Withdrawal From Funds






    February 8, 2017


    Washington, DC - - (February 7, 2017) - - The Securities and Exchange Commission today announced that a private equity adviser has been permanently barred from the securities industry and must pay a $1.25 million penalty to settle charges that he withdrew improper fees from two private equity funds he managed. The SEC’s order finds that Scott M. Landress formed the funds to invest in real estate trusts with underlying investments in properties throughout the UK. His investment advisory firm SLRA Inc. earned management fees based on the net asset value of the underlying investments. SLRA’s fees shrank and its management costs increased as real estate property values fell during the financial crisis, and the funds’ limited partners declined several requests by Landress
    ...
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  • Staff Reporter 1
    U.S. Department of the Treasury Finalizes Payroll Support to Aid Airline Industry Employees
    by Staff Reporter 1
    U.S. Department of the Treasury Finalizes Payroll Support to Aid Airline Industry Employees | site |


    (Information contained in U.S. Department of the Treasury press release: January 15, 2021) Washington - - Today, U.S. Treasury Secretary Steven T. Mnuchin announced that the U.S. Department of the Treasury approved more than $12 billion in payroll support for major passenger air carriers to support airline industry workers. Subtitle A of Title IV of Division N of the Consolidated Appropriations Act, 2021 (the PSP Extension Law) provides for up to $16 billion in payroll support for American workers employed by passenger air carriers and contractors (PSP2). Treasury concluded PSP2 agreements with Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, Republic Airways, SkyWest Airlines, Southwest Airlines, Spirit Airlines, and United Airlines. Together, these airlines represen...
    01-16-2021, 12:59 AM
  • Staff Reporter 1
    FCC Chairman Pai welcomes Industry efforts to Improve Wireless Emergency Alert Geo-Targeting
    by Staff Reporter 1
    Federal Communications Commission Chairman Pai welcomes Industry efforts to Improve Wireless Emergency Alert Geo-Targeting | site |



    (Information contained in Federal Communications Commission [FCC] press release dated: December 16, 2020) Washington, December 16, 2020—Federal Communications Commission Chairman Ajit Pai today praised the Alliance for Telecommunications Industry Solutions (ATIS), a standards organization, for its efforts to improve the geographic accuracy of Wireless Emergency Alerts. “Wireless Emergency Alerts are a more powerful public safety tool than ever before, but I’ve been clear that more should be done to improve the geographic accuracy of these life-saving messages,” said Chairman Pai. “I am pleased that ATIS has heeded my call by developing recommendations to help ensure that these alerts reach all and only those in the affected communities during emergencies. I urge providers to promptly explore implementation of these...
    12-29-2020, 10:59 AM
  • Staff Reporter 1
    Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
    by Staff Reporter 1
    Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association | site |



    (November 2, 2020) - - On November 2, 2020, the U.S. Department of the Treasury published the following information:


    Assistant Secretary Michael Faulkender Economy Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

    The United States was in an historically strong economic position before the SARS-CoV-2 pandemic. Real GDP rose 2.3 percent in 2019 on a Q4/Q4 basis and was poised to maintain a solid pace of growth until the pandemic. In January and February, nonfarm payroll employment rose an average of 232,500 per month, the unemployment rate hovered near the five-decade low of 3.5 percent, and the labor force participation rate reached a six-year high of 63.4 percent. In March, however, th...
    11-06-2020, 07:40 AM
  • Staff Reporter 1
    GSA says Government Gains Industry’s Best, Brightest with 34 New Presidential Innovation Fellows
    by Staff Reporter 1
    U.S. General Services Administration says Government Gains Industry’s Best, Brightest with 34 New Presidential Innovation Fellows | site |



    2021 PIF Cohort will work on 26 projects across 22 agencies governmentwide


    (October 19, 2020) - - Today, October 19, 2020, the U.S. General Services Administration (GSA) published the following information:

    WASHINGTON - The U.S. General Services Administration’s Presidential Innovation Fellows (PIF) today announced its 2021 cohort. This new class of Fellows includes 34 technology and industry leaders who are beginning a year-long “tour of duty” in the federal government, creating innovative solutions to issues of national priority alongside 22 federal agency partners. Since 2012, PIF has recruited some of industry’s most renowned technologists into the federal government, and this year is no different, including leaders across data science, software engineering, product, design, ent
    ...
    10-22-2020, 04:30 AM
  • Staff Reporter 1
    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash
    by Staff Reporter 1
    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash | site |



    (July 14, 2020) - - Today, July 14, 2020, the National Transportation Safety Board (NTSB) published the following information:

    ​WASHINGTON (July 14, 2020) — The National Transportation Safety Board determined during a public board meeting held Tuesday that Atlas Air flight 3591 crashed in Trinity Bay, Texas, because of the first officer’s inappropriate response to an inadvertent activation of the airplane’s go-around mode, resulting in his spatial disorientation that led him to place the airplane in a steep descent from which the crew did not recover.

    The accident happened Feb. 23, 2019, when the Atlas Air Boeing 767 cargo jet entered a rapid descent from about 6,000 feet and impacted a marshy bay about 40 miles from Houston’s George Bush Intercontinental Airport. The captain, first
    ...
    08-31-2020, 04:38 PM

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