ALEXANDRIA, Virginia, Sept. 10 -- The U.S. Department of Defense's Education Activity issued the following news release: Dr. Jacob Sherwood, Pacific West District Superintendent, is pleased to announce the selection of Dr. Darci Humphrey as Instructional Systems Specialist for Professional Learning PK-12. Dr. Humphrey is a native of Moscow, Iowa with 28 years of teaching experience. She began her career in Missouri teaching K-12 gifted education, but also worked as a grant writer, career pract  more

WASHINGTON, Sept. 9 -- The U.S. Department of Homeland Security's Immigration and Customs Enforcement issued the following news release: HARTFORD, Conn. Enforcement and Removal Operations Boston apprehended an unlawfully present 57-year-old Guatemalan noncitizen convicted of molesting a Missouri minor and unlawfully reentering the United States after removal. Officers from ERO Boston's Hartford field office arrested Jorge Mario Ecute-Gonzalez Aug. 16 in Danbury. "Jorge Mario Ecute-Gonzalez mol  more

ST. LOUIS, Missouri, Sept. 8 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-021A) in September 2024 entitled "A High-Frequency Measure of Income Inequality." The white paper was written by Marie Hogany, Laura E. Jacksonz and Michael T. Owyang. * * * Abstract To identify shocks in VARs using short-run sign or exclusion restrictions, the highest frequency data possible is usually preferred. For income inequality, there is tension between high freque  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-016B) in July 2024 entitled "An Empirical Analysis of the Cost of Borrowing". The white paper was written by Miguel Faria-e-Castro of FRB of St. Louis; Samuel Jordan-Wood of FRB of St. Louis and Julian Kozlowski of FRB of St. Louis. * * * Abstract We examine borrowing costs for firms using a security-level database with bank loans and corporate bonds issued by U.S. compan  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-017B) in July 2024 entitled "Dissecting the Great Retirement Boom". The white paper was written by Serdar Birinci of FRB St. Louis; Miguel Faria-e-Castro of FRB St. Louis and Kurt See of Bank of Canada. * * * Abstract Between 2020 and 2023, the fraction of retirees in the working-age population in the U.S. increased above its pre-pandemic trend. Several explanations have   more

ST. LOUIS, Missouri, Sept. 10 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-022A) in September 2024 entitled "Economic Surveillance using Corporate Text". The white paper was written by Tarek A. Hassan, Stephan Hollander, Aakash Kalyani, Laurence van Lent, Markus Schwedeler, and Ahmed Tahoun. * * * Abstract This article applies simple methods from computational linguistics to analyze unstructured corporate texts for economic surveillance. We app  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-019A) in August 2024 entitled "Scalable vs. Productive Technologies". The white paper was written by Mons Chan, Guangbin Hong, Joachim Hubmer, Serdar Ozkan, and Sergio Salgado. * * * Abstract Do larger firms have more productive technologies or are their technologies more scalable, or both? We use administrative data on Canadian and US firms to estimate flexible nonparame  more

ST. LOUIS, Missouri, Sept. 10 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-015A) in July 2024 entitled "Sovereign Debt Restructuring and Credit Recovery". The white paper was written by associate economist Violeta A. Gutkowski. * * * Abstract This paper focuses on the significant growth of domestic credit once the debt is restructured and shows that is not correlated with the size of the haircut. Second, it performs an event study around Ecuador  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-020A) in August 2024 entitled "The Impact of the 2017 Tax Cuts and Jobs Act on U.S. Multinationals' Intangible Assets". The white paper was written by Ana Maria Santacreu and Ashley Stewart. * * * Abstract This paper investigates the impact of the 2017 Tax Cuts and Jobs Act (TCJA) on U.S. multinationals' intangibles. We develop a theoretical model that incorporates key pr  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-014A) in June 2024 entitled "The St. Louis Fed DSGE Model". The white paper was written by Miguel Faria e Castro of FRB St. Louis. * * * Abstract This document contains a technical description of the dynamic stochastic general equilibrium (DSGE) model developed and maintained by the Research Division of the St. Louis Fed as one of its tools for forecasting and policy anal  more

ST. LOUIS, Missouri, Sept. 9 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-018A) in July 2024 entitled "Trade and Inequality in an Overlapping Generations Model with Capital Accumulation". The white paper was written by Jun Nie, B. Ravikumar, and Michael J. Sposi. * * * Abstract We study the lifecycle aspect of within-country inequality that stems from capital and labor services supplied by individuals. Our environment is a combination of a mult  more

ST. LOUIS, Missouri, Sept. 10 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-013A) in June 2024 entitled "Why Are the Wealthiest So Wealthy? New Longitudinal Empirical Evidence and Implications for Theories of Wealth Inequality". The white paper was written by Elin Halvorsen, Joachim Hubmer, Serdar Ozkan and Sergio Salgado. * * * Abstract We use 1993-2015 Norwegian administrative panel data on wealth and income to study lifecycle wealth dynamics.   more

WASHINGTON, Sept. 9 -- The U.S. Department of Homeland Security Federal Emergency Management Agency issued the following news release: Cape Girardeau, MO A joint Disaster Recovery Center (DRC) is now open in Cassville until Saturday, Sept. 14, to give survivors of the May 19-27 severe storms an opportunity to talk face-to-face with disaster recovery specialists. The center is located at the First Baptist Church Family Life Center, 504 West St., Cassville, MO 65625 and will be open from 8 a.m.  more