United States House Committee on Financial Services Meeting of the House Financial Services Committee History[edit] The committee was once known as the Committee on Banking and Currency. The Banking and Currency Committee was created in 1865 to take over responsibilities previously handled by the Ways and Means Committee. Members[edit] 113th Congress[edit] Sources: H.Res. 6 (Chairs), H.Res. 7 (D), H.Res. 17 (R) and H.Res. 22 (D). 112th Congress[edit] Source: Resolutions electing Republican members (H.Res. 6, H.Res. 33)Resolutions electing Democratic members (H.Res. 7, H.Res. 39) Subcommittees[edit] The Financial Services Committee operates with six subcommittees. Chairmen[edit] As Committee on Banking and Currency (1865–1968)[edit] As House Committee on Banking, Finance, and Urban Affairs[edit] As House Committee on Banking and Financial Services[edit] 1995–2001: Jim Leach As House Committee on Financial Services (since 2001)[edit] See also[edit] References[edit] External links[edit] House Committee on Financial Services Homepage
US poverty on track to rise to highest since 1960s Now Playing US poverty level set to hit highest mark since 1965 The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net. Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections. The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. "I grew up going to Hawaii every summer. Fritz says she grew up wealthy in the Denver suburb of Highlands Ranch, but fortunes turned after her parents lost a significant amount of money in the housing bust.
Science & Environment - Why everyone must understand science Many people feel excluded by science, but philosopher AC Grayling says this makes us slaves to technology. The less we know the more likely we are to be manipulated by others. Science is undoubtedly humanity’s greatest achievement, says AC Grayling, Master of the New College of the Humanities . People feel excluded by science and debates about science, they use laptops, they fly in planes, use appliances in the home and they don’t know what’s behind this technology. People are aware that there are lots of problems with the environment and the climate. We have to start this at school. We have to have a healthy scepticism, says Grayling, people can’t just shut their eyes to things that are important.
Glenn Beck Explains Why The Federal Reserve Is a ‘Scam’ Glenn Beck used his Monday evening broadcast to expose the four key ways in which the Federal Reserve is a “scam,” namely because: We’re not allowed to see who owns the FedWe’re not allowed to audit the FedThe Fed is our biggest lender (bigger than China)The Fed is the biggest receiver of Federal funds Beck believes that the Federal Reserve and the Treasury are doing something “you and I couldn’t get away with,” and that’s “writing bad checks.” “We are paying them for the privilege of bailing them out,” Beck quipped. There have been no less than seven government bailouts “funded by you since 2008″ with a price-tag of $2 trillion.
Electronic Money - Wiki Electronic money is a new expression the meaning of which is not stable. It can refer to different realities depending on the context (legal or not, historical or actual, monetary theory...). However, the underlying principle of electronic money involves the use of computer networks, the Internet and digital stored value systems. Electronic money definitions[edit] A European Commission website describes electronic money, or e-money, as “a digital equivalent of cash, stored on an electronic device or remotely at a server.” Law[edit] Since 2001, the European Union has implemented a directive "on the taking up, pursuit and prudential supervision of the business of electronic money institutions" last amended in 2009.[2] Yet doubts on the real nature of EU electronic money have arisen, since calls have been made in connection with the 2007 EU Payment Services Directive in favor of merging payment institutions and electronic money institutions. Electronic money systems around the world[edit]
Report: Government Wasting 'tens Of Billions' Of Dollars Annually On Duplication, Overlap As lawmakers across the Capitol hear appeals Tuesday from Obama administration secretaries pleading for their budgets, duplication and overlap in dozens of areas of government is wasting "tens of billions of dollars annually," a new government report shows. According to the Government Accountability Agency's 2012 annual report, nearly every department of the Executive Branch has room for improvement. The report, which gives 51 areas and recommends 130 actions, follows a 2011 GAO report that showed 81 areas and 176 actions to be taken to "reduce or eliminate unnecessary duplication, overlap, or fragmentation or achieve other potential financial benefits." "Collectively, these reports show that, if the actions are implemented, the government could potentially save tens of billions of dollars annually," Gene Dodaro, comptroller general for the U.S., said in remarks prepared for Tuesday's hearing in the House Oversight and Government Relations Committee. Sen. Click here to read the GAO report.
Epigenetics One example of an epigenetic change in eukaryotic biology is the process of cellular differentiation. During morphogenesis, totipotent stem cells become the various pluripotent cell lines of the embryo, which in turn become fully differentiated cells. In other words, as a single fertilized egg cell – the zygote – continues to divide, the resulting daughter cells change into all the different cell types in an organism, including neurons, muscle cells, epithelium, endothelium of blood vessels, etc., by activating some genes while inhibiting the expression of others.[5] Historical usage of "epigenetics"[edit] The term "epigenetics" has also been used in developmental psychology to describe psychological development as the result of an ongoing, bi-directional interchange between heredity and the environment.[13] Interactivist ideas of development have been discussed in various forms and under various names throughout the 19th and 20th centuries. Contemporary usage of "epigenetics"[edit]
Faber: '100% Chance' of Global Recession Investors need to prepare for a global recession. That’s the takeaway from one well-respected economist after his recent appearance on CNBC’s Fast Money Halftime Report. According to Marc Faber, the author of the Gloom, Boom, and Doom Report, a global recession is all but a certainty later this year or in early 2013. When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered: Faber’s pessimism during his recent appearance on CNBC wasn’t surprising for a man whose nickname is “Doctor Doom.” What was surprising was his level of certainty that a global recession was coming. Faber stated that there is a “meaningful slowdown in India and China” that many investors are missing due to the media’s focus on Greece and Spain. He is also worried that the wealthy may be showing signs of spending fatigue after Tiffany’s reported slowing sales. Editor’s Note: See the disturbing interview with Wiedemer. © 2014 Moneynews.
Frbny Social Media Rfp Boom in Private Student Loans Mirrored Mortgage-Lending Frenzy, Report Says - Government By Goldie Blumenstyk Washington The same kind of lending frenzy that created the subprime-mortgage crisis also fueled a dangerous boom in private student loans, says a report released on Friday by the Consumer Financial Protection Bureau and the U.S. Department of Education. The rise in private student loans, which now account for about $150-billion of the more than $1-trillion in outstanding student debt, has left hundreds of thousands of borrowers stuck with bigger loans than they needed under repayment terms that are less flexible than those for federal loans, the report says. Most of the growth occurred between 2001, when less than $7-billion in private loans were issued, and the onset of the financial crisis, in 2008, a year in which more $20-billion were. Richard Cordray, the bureau's director, said the "aggressive lending" practices of the banks were "strikingly similar" to those of the mortgage industry during the same period. 'The Best Deal Around' In the report, Mr.
Watson (computer) Watson is an artificially intelligent computer system capable of answering questions posed in natural language,[2] developed in IBM's DeepQA project by a research team led by principal investigator David Ferrucci. Watson was named after IBM's first CEO and industrialist Thomas J. Watson.[3][4] The computer system was specifically developed to answer questions on the quiz show Jeopardy![5] In 2011, Watson competed on Jeopardy! Watson had access to 200 million pages of structured and unstructured content consuming four terabytes of disk storage[8] including the full text of Wikipedia,[9] but was not connected to the Internet during the game.[10][11] For each clue, Watson's three most probable responses were displayed on the television screen. The high-level architecture of IBM's DeepQA used in Watson[14] Watson uses IBM's DeepQA software and the Apache UIMA (Unstructured Information Management Architecture) framework. When playing Jeopardy! The Jeopardy!
s Aftershock Survival Summit 'Scared the Hell Out of Me. It Was a Great Wake-Up Call (Although I Wasn't Really Asleep)' — Russell H., from Wichita, Kansas Over 50 Million Americans Have United to View This Powerful Warning to Prepare for an Impending Economic Crisis!