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linguafrancalegal 2021-11-22
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Some of our additional services include Desk Top Publishing such as Photoshop, PDF and InDesign, among others. LFT also provides technical writing, legal blogging, copy-writing for the web and print marketing, managing your company’s multi-lingual communications, social media presence, and digital platforms. Lingua Franca Translations is also a Minority Certified Agency, Federal, State, and City government contractor. Our team is composed of PR-professionals, journalists and editors, who produce high-quality work on a wide range of topics tailored for legal publications, public relations campaigns, and technical journals in the United States, Europe, and South America. LF Legal Translation Services is proud to count among its growing list of “A-Class” clients: The Federal Reserve Bank, Cleveland Clinic, Walmart, Florida International University, Bank United, Fleishman Hillard, Boca Biolistics, Jackson Health System, L’Oreal, Televisa, Gruenethal, AT&T, Nestle, Miami Downtown Development Authority (Miami DDA), Consulates, Walmart, and many more.
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Timothy Guardado 2019-05-01
img

The median Tesla employee made $56,163 in 2018, the electric-car maker said in a proxy statement.

That's 81% more than the median American, according to the Federal Reserve Bank of St. Louis.

In 2016, the last year for which data is available, the median American made $31,099.

Visit Business Insider's homepage for more stories.

That figure includes salary or wages, performance bonuses, and stock awards for full-time, part-time, and temporary employees excluding CEO Elon Musk, the company said.

Tesla's median pay is 81% more than that of the median American, according to the Federal Reserve Bank of St. Louis.

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0
Gary Tokarski 2016-06-22

MoreThe corner stone of The New York Federal Reserve Bank is seen surrounded by financial institutions in New York's financial district March 25, 2015.

REUTERS/Brendan McDermid

WASHINGTON Reuters - The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber criminals.

"The New York Fed systems weren't compromised but they are looking at their processes, looking at what's best practices, looking at the possibility of enhanced monitoring for certain kinds of transactions," Yellen said in an appearance before lawmakers.

Reporting by Jason Lange in Washington and Lindsay Dunsmuir in Ottawa; Editing by David Gregorio

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0
Willie Edwards 2017-11-29
img

Federal Reserve Bank of San Francisco President John Williams said the Fed is not working on its own digital currency, right now.

Reuters reported Wednesday Williams said the Fed is paying attention to research on blockchain, the technology underpinning cryptocurrencies like bitcoin.

The Federal Reserve isn't planning on launching its own digital currency — at least for now.

While speaking at an event at Arizona State University on Wednesday, the president of the Federal Reserve Bank of San Francisco, John Williams, said the Fed is not working on its own digital currency, according to Reuters reporting.

But the Fed is paying attention to research on blockchain, the technology underpinning bitcoin, the news wire said.

Earlier this year, Jerome Powell, a member of the Federal Reserve Board of Governors, said a central bank digital currency would face privacy issues and competition from private enterprises, according to Bloomberg News.

collect
0
John Dumlao 2019-04-19
img

Unemployment numbers may not fully account for gig economy workers, who may self-report as being "employed" despite not being on payroll, according to a new report from the Federal Reserve Bank of Dallas.

Gig workers do not have the bargaining power of payroll employees, so they may also account for slowing wage growth.

Uber and Lyft drivers make up much of the country's gig workforce, and they've long complained of the low pay and lack of benefits independent contractors deal with.

While unemployment may be at record lows, the growing number of gig workers who aren't on payroll may be skewing the data, according to a new report.

The Federal Reserve Bank of Dallas — one of 12 regional reserve banks that make up the centralized Fed — found that although unemployment is low, wage growth has not increased.

One reason could be the rise of gig workers: The report found that the number of workers who pay self-employment taxes has risen steadily over the last 35 years.

collect
0
Sienna Stewart 2021-08-12
img

The US job market will take a few months to recover enough that the Federal Reserve can reduce its crisis-era support for the economy.

Richmond Federal Reserve Bank President Thomas Barkin added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases Read more...

collect
0
Ralph Elliot 2017-10-14

Long-time Slashdot reader Esther Schindler quotes Hewlett Packard Enterprise: When you handle trillions of dollars a year in transactions and manage the largest known vault of gold in the world, security and efficiency are top priorities.

Open source reusable software components are key to the New York Fed's successful operation, explains Colin Wynd, vice president and head of the bank's Common Service Organization...

The nearly 2,000 developers across the Federal Reserve System used to have a disparate set of developer tools.

Now, they benefit from a standard toolset and architecture, which also places limits on which applications the bank will consider using.

"We don't want a third-party application that isn't compatible with our common architecture," said Wynd.

One less obvious advantage to open source adoption is in career satisfaction and advancement.

collect
0
Shane Green 2016-06-04
img

Reuters – A U.S. congressional committee has launched an investigation into the Federal Reserve s cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015.The House Committee on Science, Space and Technology on Friday sent a letter to Federal Reserve Chair Janet Yellen to express serious concerns over the central bank s ability to protect sensitive financial information.The letter cited the Reuters report, which was based on heavily redacted internal Fed records obtained through a Freedom of Information Act request.

The redacted records did not say who hacked the bank s systems or whether they accessed sensitive information or stole money.

The panel asked the Fed s national cyber security team – the National Incident Response Team – to turn over all cyber incident reports in unredacted form from Jan. 1, 2009, to the present.

It also asked for incident reports from the Fed s local incident response teams.Global policymakers, regulators and financial institutions have become increasingly concerned about the security of the international banking system after a string of cyber attacks against banks in Bangladesh, Vietnam and elsewhere linked to fraudulent transaction messages sent across the global financial platform SWIFT.The probe into the Fed s security practices followed a separate inquiry by the same committee into the Federal Reserve Bank of New York s handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh.The committee said it has jurisdiction over the Fed s cyber security because the panel is tasked with oversight of the U.S. National Institute of Standards and Technology, an agency responsible for developing federal cyber security standards and guidelines, under a 2014 federal informationtechnology law.The panel also requested a detailed description of all confirmed cyber security incidents from 2009 to the present, all documents and communications referring or relating to higher impact cases handled by the Fed s NIRT team, all documents and communications with the Fed s Office of Inspector General related to confirmed cyber incidents, and an organizational chart detailing the Fed s top cyber security personnel.The committee requested a response to its inquiry by June 17.

The central bank s staff suspected hackers or spies were behind many of the breaches, the records obtained by Reuters show.The Fed had declined to comment on the records, which represent only a slice of all cyber attacks on the central bank because they include only cases involving the Washington-based Board of Governors, a federal agency that is subject to public records laws.

Reporting by Dustin Volz and Jason Lange; Editing by David Chance and Tiffany Wu

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0
Richard Skaggs 2019-08-05

The Federal Reserve Bank announced today that it is developing a new service called FedNow that will allow all banks in the United States to offer 24/7 real-time payment services every day of the week.

FedNow is expected to be available by 2023 or 2024 and will initially support transfers of up to $25,000.

FedNow will make managing budgets easier for many people and small businesses, but it also puts the Fed at loggerheads with big banks since a federal real-time payments system would compete with the one being developed by the Clearing House, which is owned by some of the world’s largest banks, including Capital One, Citibank, Wells Fargo, Bank of America, JP Morgan Chase and Deutsche Bank.

The Federal Reserve’s board of governors voted 4-1 to approve the proposal for FedNow on August 2, with its of vice chair for supervision, Randal Quarles, casting the dissenting vote.

While Venmo, Zelle and other apps already allow users to transfer money instantly to one another, the Federal Reserve Bank described services like those as a “closed loop” because both parties need to be on the same platform in order to transfer money and they can only be linked to accounts from certain banks.

On the other hand, FedNow will be a universal infrastructure, enabling all banks, including smaller ones, to provide real-time payments.

collect
0
Luke Hall 2017-10-06

A reader shares a report: The growing popularity of online shopping has hit traditional retailers hard, culminating in a spate of retail bankruptcies and store closures in recent years.

But according to a new analysis from the Federal Reserve Bank of New York, the retail apocalypse has actually created nearly as many jobs as it has killed.

Though e-commerce and other non-store retailers have hired nearly as many workers as traditional retailers have cut, these new jobs are much more geographically concentrated.

collect
0
Eric Erikson 2016-08-05

MANILA Reuters - The Philippine central bank said on Friday it will fine Rizal Commercial Banking Corp RCBC 1 billion pesos $21.33 million in relation to the Bangladesh Bank cyber heist.

The central bank said in a statement that it was the largest amount it has ever approved "as part of its supervisory enforcement actions" on a bank.

RCBC said separately that it will pay the fine over a one-year period.

RCBC was used as a conduit by cyber criminals to steal $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.

collect
0
Toby Taft 2021-05-05
img
About 35% of small businesses in leisure and hospitality are closed, the New York Fed's Liberty Street Economics finds, and many may never reopen.
collect
0
Johnny Ament 2020-09-04
img
Sure, it's easy money. But these predatory loans are usually more trouble than they're worth.
collect
0
Billy Haigh 2019-02-10
img

Central Banks, especially the Federal Reserve Bank, love to reference models to justify their rate decisions.

From a certain perspective, one can understand the Fed’s decision to continue using the Philips Curve, given their dual mandate of full employment and price stability; the Philips Curve is a model that includes both.

All three of these factors exert an increasing influence on both wages and employment levels in a way that is dynamic and asymmetric over time.

I’m not putting this out as new doctrine.

For my theory, I changed the perspective from evaluating the inverse relationship between unemployment and inflation, to evaluating the relationship between employment and inflation.

Step 1: “100%-U3 unemployment = Employment Rate” or ER.

collect
0
Betty Gribble 2021-04-06
img
Using the IRS to send stimulus payments glossed over roughly 12 million Americans with incomes below the tax-filing threshold, Fed researchers said.
collect
0
Ronald Breau 2016-08-20
img

The tech industry is creating more jobs than the finance sector.

William Dudley, the president of the New York Federal Reserve, said the technology industry was stepping in where finance used to support the local economy, according to CNBC.

Wall Street has in the past been integral to New York's recovery after an economic crisis, Dudley said.

This time around, it was the tech sector that provided that key revival.

"Growth in these high-paying jobs is picking up much of the slack created by the softness of the securities industry," he said.

New York still isn't Silicon Valley, but the city's tech industry is having an increasingly important impact.

collect
0
linguafrancalegal 2021-11-22
img
Some of our additional services include Desk Top Publishing such as Photoshop, PDF and InDesign, among others. LFT also provides technical writing, legal blogging, copy-writing for the web and print marketing, managing your company’s multi-lingual communications, social media presence, and digital platforms. Lingua Franca Translations is also a Minority Certified Agency, Federal, State, and City government contractor. Our team is composed of PR-professionals, journalists and editors, who produce high-quality work on a wide range of topics tailored for legal publications, public relations campaigns, and technical journals in the United States, Europe, and South America. LF Legal Translation Services is proud to count among its growing list of “A-Class” clients: The Federal Reserve Bank, Cleveland Clinic, Walmart, Florida International University, Bank United, Fleishman Hillard, Boca Biolistics, Jackson Health System, L’Oreal, Televisa, Gruenethal, AT&T, Nestle, Miami Downtown Development Authority (Miami DDA), Consulates, Walmart, and many more.
Gary Tokarski 2016-06-22

MoreThe corner stone of The New York Federal Reserve Bank is seen surrounded by financial institutions in New York's financial district March 25, 2015.

REUTERS/Brendan McDermid

WASHINGTON Reuters - The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber criminals.

"The New York Fed systems weren't compromised but they are looking at their processes, looking at what's best practices, looking at the possibility of enhanced monitoring for certain kinds of transactions," Yellen said in an appearance before lawmakers.

Reporting by Jason Lange in Washington and Lindsay Dunsmuir in Ottawa; Editing by David Gregorio

John Dumlao 2019-04-19
img

Unemployment numbers may not fully account for gig economy workers, who may self-report as being "employed" despite not being on payroll, according to a new report from the Federal Reserve Bank of Dallas.

Gig workers do not have the bargaining power of payroll employees, so they may also account for slowing wage growth.

Uber and Lyft drivers make up much of the country's gig workforce, and they've long complained of the low pay and lack of benefits independent contractors deal with.

While unemployment may be at record lows, the growing number of gig workers who aren't on payroll may be skewing the data, according to a new report.

The Federal Reserve Bank of Dallas — one of 12 regional reserve banks that make up the centralized Fed — found that although unemployment is low, wage growth has not increased.

One reason could be the rise of gig workers: The report found that the number of workers who pay self-employment taxes has risen steadily over the last 35 years.

Ralph Elliot 2017-10-14

Long-time Slashdot reader Esther Schindler quotes Hewlett Packard Enterprise: When you handle trillions of dollars a year in transactions and manage the largest known vault of gold in the world, security and efficiency are top priorities.

Open source reusable software components are key to the New York Fed's successful operation, explains Colin Wynd, vice president and head of the bank's Common Service Organization...

The nearly 2,000 developers across the Federal Reserve System used to have a disparate set of developer tools.

Now, they benefit from a standard toolset and architecture, which also places limits on which applications the bank will consider using.

"We don't want a third-party application that isn't compatible with our common architecture," said Wynd.

One less obvious advantage to open source adoption is in career satisfaction and advancement.

Richard Skaggs 2019-08-05

The Federal Reserve Bank announced today that it is developing a new service called FedNow that will allow all banks in the United States to offer 24/7 real-time payment services every day of the week.

FedNow is expected to be available by 2023 or 2024 and will initially support transfers of up to $25,000.

FedNow will make managing budgets easier for many people and small businesses, but it also puts the Fed at loggerheads with big banks since a federal real-time payments system would compete with the one being developed by the Clearing House, which is owned by some of the world’s largest banks, including Capital One, Citibank, Wells Fargo, Bank of America, JP Morgan Chase and Deutsche Bank.

The Federal Reserve’s board of governors voted 4-1 to approve the proposal for FedNow on August 2, with its of vice chair for supervision, Randal Quarles, casting the dissenting vote.

While Venmo, Zelle and other apps already allow users to transfer money instantly to one another, the Federal Reserve Bank described services like those as a “closed loop” because both parties need to be on the same platform in order to transfer money and they can only be linked to accounts from certain banks.

On the other hand, FedNow will be a universal infrastructure, enabling all banks, including smaller ones, to provide real-time payments.

Eric Erikson 2016-08-05

MANILA Reuters - The Philippine central bank said on Friday it will fine Rizal Commercial Banking Corp RCBC 1 billion pesos $21.33 million in relation to the Bangladesh Bank cyber heist.

The central bank said in a statement that it was the largest amount it has ever approved "as part of its supervisory enforcement actions" on a bank.

RCBC said separately that it will pay the fine over a one-year period.

RCBC was used as a conduit by cyber criminals to steal $81 million from the Bangladesh central bank's account at the Federal Reserve Bank of New York.

Johnny Ament 2020-09-04
img
Sure, it's easy money. But these predatory loans are usually more trouble than they're worth.
Betty Gribble 2021-04-06
img
Using the IRS to send stimulus payments glossed over roughly 12 million Americans with incomes below the tax-filing threshold, Fed researchers said.
Timothy Guardado 2019-05-01
img

The median Tesla employee made $56,163 in 2018, the electric-car maker said in a proxy statement.

That's 81% more than the median American, according to the Federal Reserve Bank of St. Louis.

In 2016, the last year for which data is available, the median American made $31,099.

Visit Business Insider's homepage for more stories.

That figure includes salary or wages, performance bonuses, and stock awards for full-time, part-time, and temporary employees excluding CEO Elon Musk, the company said.

Tesla's median pay is 81% more than that of the median American, according to the Federal Reserve Bank of St. Louis.

Willie Edwards 2017-11-29
img

Federal Reserve Bank of San Francisco President John Williams said the Fed is not working on its own digital currency, right now.

Reuters reported Wednesday Williams said the Fed is paying attention to research on blockchain, the technology underpinning cryptocurrencies like bitcoin.

The Federal Reserve isn't planning on launching its own digital currency — at least for now.

While speaking at an event at Arizona State University on Wednesday, the president of the Federal Reserve Bank of San Francisco, John Williams, said the Fed is not working on its own digital currency, according to Reuters reporting.

But the Fed is paying attention to research on blockchain, the technology underpinning bitcoin, the news wire said.

Earlier this year, Jerome Powell, a member of the Federal Reserve Board of Governors, said a central bank digital currency would face privacy issues and competition from private enterprises, according to Bloomberg News.

Sienna Stewart 2021-08-12
img

The US job market will take a few months to recover enough that the Federal Reserve can reduce its crisis-era support for the economy.

Richmond Federal Reserve Bank President Thomas Barkin added a centrist voice to the open debate about when to trim the central bank’s $120 billion in monthly bond purchases Read more...

Shane Green 2016-06-04
img

Reuters – A U.S. congressional committee has launched an investigation into the Federal Reserve s cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015.The House Committee on Science, Space and Technology on Friday sent a letter to Federal Reserve Chair Janet Yellen to express serious concerns over the central bank s ability to protect sensitive financial information.The letter cited the Reuters report, which was based on heavily redacted internal Fed records obtained through a Freedom of Information Act request.

The redacted records did not say who hacked the bank s systems or whether they accessed sensitive information or stole money.

The panel asked the Fed s national cyber security team – the National Incident Response Team – to turn over all cyber incident reports in unredacted form from Jan. 1, 2009, to the present.

It also asked for incident reports from the Fed s local incident response teams.Global policymakers, regulators and financial institutions have become increasingly concerned about the security of the international banking system after a string of cyber attacks against banks in Bangladesh, Vietnam and elsewhere linked to fraudulent transaction messages sent across the global financial platform SWIFT.The probe into the Fed s security practices followed a separate inquiry by the same committee into the Federal Reserve Bank of New York s handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh.The committee said it has jurisdiction over the Fed s cyber security because the panel is tasked with oversight of the U.S. National Institute of Standards and Technology, an agency responsible for developing federal cyber security standards and guidelines, under a 2014 federal informationtechnology law.The panel also requested a detailed description of all confirmed cyber security incidents from 2009 to the present, all documents and communications referring or relating to higher impact cases handled by the Fed s NIRT team, all documents and communications with the Fed s Office of Inspector General related to confirmed cyber incidents, and an organizational chart detailing the Fed s top cyber security personnel.The committee requested a response to its inquiry by June 17.

The central bank s staff suspected hackers or spies were behind many of the breaches, the records obtained by Reuters show.The Fed had declined to comment on the records, which represent only a slice of all cyber attacks on the central bank because they include only cases involving the Washington-based Board of Governors, a federal agency that is subject to public records laws.

Reporting by Dustin Volz and Jason Lange; Editing by David Chance and Tiffany Wu

Luke Hall 2017-10-06

A reader shares a report: The growing popularity of online shopping has hit traditional retailers hard, culminating in a spate of retail bankruptcies and store closures in recent years.

But according to a new analysis from the Federal Reserve Bank of New York, the retail apocalypse has actually created nearly as many jobs as it has killed.

Though e-commerce and other non-store retailers have hired nearly as many workers as traditional retailers have cut, these new jobs are much more geographically concentrated.

Toby Taft 2021-05-05
img
About 35% of small businesses in leisure and hospitality are closed, the New York Fed's Liberty Street Economics finds, and many may never reopen.
Billy Haigh 2019-02-10
img

Central Banks, especially the Federal Reserve Bank, love to reference models to justify their rate decisions.

From a certain perspective, one can understand the Fed’s decision to continue using the Philips Curve, given their dual mandate of full employment and price stability; the Philips Curve is a model that includes both.

All three of these factors exert an increasing influence on both wages and employment levels in a way that is dynamic and asymmetric over time.

I’m not putting this out as new doctrine.

For my theory, I changed the perspective from evaluating the inverse relationship between unemployment and inflation, to evaluating the relationship between employment and inflation.

Step 1: “100%-U3 unemployment = Employment Rate” or ER.

Ronald Breau 2016-08-20
img

The tech industry is creating more jobs than the finance sector.

William Dudley, the president of the New York Federal Reserve, said the technology industry was stepping in where finance used to support the local economy, according to CNBC.

Wall Street has in the past been integral to New York's recovery after an economic crisis, Dudley said.

This time around, it was the tech sector that provided that key revival.

"Growth in these high-paying jobs is picking up much of the slack created by the softness of the securities industry," he said.

New York still isn't Silicon Valley, but the city's tech industry is having an increasingly important impact.