Press Briefing

May 28, 2010

Joint Statement of the U.S.-Japan Security Consultative Committee
http://www.state.gov/r/pa/prs/ps/2010/05/142318.htm

Meatloaf From a Petri Dish Is Innovator’s Goal for the Masses
http://www.bloomberg.com/apps/news?pid=20601124&sid=aI9nZXjYAzeE

What Our Intelligence Agencies Could Learn from Silicon Valley - The clamor to increase the power of the Director of National Intelligence is mistaken. We need less hierarchy and centralization.
http://online.wsj.com/article/SB10001424052748704717004575268783383613118.html

Bank funding and liquidity management: new report from the Committee on the Global Financial System
http://www.bis.org/press/p100527.htm

Canceling, delaying, banning domestic offshore exploration will increase tanker traffic, foreign imports
http://www.instituteforenergyresearch.org/2010/05/27/white-house-pr-political-response-misguided/

Toward a global risk map, by Stephen Cecchetti, Ingo Fender and Patrick McGuire. BIS Working Papers No 309
http://www.bis.org/publ/work309.htm

Global risk maps are unified databases that provide risk exposure data to supervisors and the broader financial market community worldwide. We think of them as giant matrices that track the bilateral (firm-level) exposures of banks, non-bank financial institutions and other relevant market participants. While useful in principle, these giant matrices are unlikely to materialise outside the narrow and targeted efforts currently being pursued in the supervisory domain. This reflects the well known trade-offs between the macro and micro dimensions of data collection and dissemination. It is possible, however, to adapt existing statistical reporting frameworks in ways that would facilitate an analysis of exposures and build-ups of risk over time at the aggregate (sectoral) level. To do so would move us significantly in the direction of constructing the ideal global risk map. It would also help us sidestep the complex legal challenges surrounding the sharing or dissemination of firm-level data, and it would support a two-step approach to systemic risk monitoring. That is, the alarms sounded by the aggregate data would yield the critical pieces of information to inform targeted analysis of more detailed data at the firm- or market-level.


What Our Intelligence Agencies Could Learn from Silicon Valley - The clamor to increase the power of the Director of National Intelligence is mistaken. We need less hierarchy and centralization.
http://online.wsj.com/article/SB10001424052748704717004575268783383613118.html

Near-zero interest rates have made investors susceptible to the same stresses at the same time.
http://www.bipartisanalliance.com/2010/05/fed-and-may-6-flash-crash-near-zero.html

Medicare and Double Standards - An ObamaCare mailer tells some howlers.
http://www.bipartisanalliance.com/2010/05/this-week-medicare-sent-flyer-to.html

How to Handle North Korea - Pass the South Korea free trade agreement and give up on negotiating with Kim Jong Il
http://online.wsj.com/article/SB10001424052748704717004575268992030246802.html

Statement by the President on Votes to Repeal “Don’t Ask, Don’t Tell”
http://www.whitehouse.gov/the-press-office/statement-president-votes-repeal-don-t-ask-don-t-tell

Obama's Blowout Preventer - In case you hadn't heard, Ken Salazar had a reform plan . . .
http://www.bipartisanalliance.com/2010/05/obamas-blowout-preventer-in-case-you.html

Study Reveals that Regulatory Spending and Staffing Reaches All-Time High. The George Washington University and Washington University in St. Louis
http://www.gwu.edu/explore/mediaroom/newsreleases/studyrevealsthatregulatoryspendingandstaffingreachesalltimehigh

Regulatory Spending Rose under Bush
http://www.cato-at-liberty.org/2010/05/26/regulatory-spending-actually-rose-under-bush/

White House: Growing Businesses and Putting Unemployed Workers Back on the Job
http://www.whitehouse.gov/blog/2010/05/27/growing

Obamacare’s Cooked Books and the “Doc Fix”
http://fixhealthcarepolicy.com/in-the-news/obamacares-cooked-books-and-the-doc-fix

Remarks by the President on the Gulf Oil Spill
http://www.whitehouse.gov/the-press-office/remarks-president-gulf-oil-spill

Panicked Republicans risk future energy development
http://online.wsj.com/article/SB10001424052748704269204575270842009220082.html

American Action Forum: Labor Markets and Health Care Reform: New Results (PDF)
http://americanactionforum.org/files/LaborMktsHCRAAF5-27-10.pdf

The White House Blog: A Blueprint for Pursuing the World that We Seek
http://www.whitehouse.gov/blog/2010/05/27/a-blueprint-pursuing-world-we-seek

Recommitting to a Strong National Defense, by The Honorable Eric Cantor
http://www.heritage.org/Research/Lecture/Recommitting-to-a-Strong-National-Defense

Budget Hearing for the University of the District of Columbia. By Alice M. Rivlin, Senior Fellow, Economic Studies. Brookings Institution.
http://www.brookings.edu/testimony/2010/0414_community_college_rivlin.aspx

Republicans in the Senate: Evaluating the Kagan Nomination - What is known, so far, about President Obama’s choice for the Supreme Court
http://rpc.senate.gov/public/_files/EvaluatingtheKaganNominationFINAL052610_2_.pdf