june

Assistant Attorney General Kathryn Keneally of the Justice Department’s Tax Division Announced Her Departure from the Department Today, Effective as of June 5, 2014

Kathryn Keneally, Assistant Attorney General for the Tax Division, will leave her post at the Department of Justice effective June 5, 2014, she announced today.



  • OPA Press Releases

june

Department of Justice and Federal Trade Commission Announce Agenda for June 23, 2014, Joint Agency Workshop on Conditional Pricing Practices

The Department of Justice and the Federal Trade Commission (FTC) have issued the agenda for their joint public workshop, which will be held on June 23, 2014, to explore the economic and legal analysis of conditional pricing practices among firms in a supply chain.



  • OPA Press Releases

june

MLB's June amateur draft reduced from 40 rounds to five in 2020

Major League Baseball will hold a five-round draft in June, a big reduction from the usual 40 rounds. Many Southland players are expected to be taken.




june

A phase two trial and a June goal: This week's updates on the race for a coronavirus vaccine

Experts caution that even promising early results don’t guarantee that vaccines will be widely available anytime soon.




june

Top 5 Current Affairs: 7 June 2019

Get all world cup updates, world cup 2019 points table, team standing, highest run scorer, highest wicket-taker, world cup hundreds, five-wicket hauls, best bowling figures, best batting figures.




june

The U.S.-Russia Initiative to Prevent Nuclear Terrorism Newsletter: June - November 2018

  • Graham Allison on likelihood of another 9/11 and need to deny terrorists nuclear weapons.
  • Bunn and Roth on regaining nuclear security momentum.
  • New books on lessons of U.S.-Russian non-proliferation cooperation and on preventing illicit nuclear trade.
  • Study: Congress needs to play a more active role in nuclear security.





june

Blood and faith in Afghanistan: A June 2016 update


Vanda Felbab-Brown writes that after more than a decade of struggles against al-Qaida and the Taliban, U.S. President Barack Obama hoped to extricate the United States from participating militarily in Afghanistan’s counterinsurgency. But as the end of his presidency approaches in the summer of 2016, Afghanistan again faces crisis. Very few trends in the country are going well. The U.S. drone killing of the Taliban leader Mullah Akhtar Mohammad Mansour in Baluchistan, Pakistan in May 2016 provides a fillip to the embattled Afghan government and may in the long-term result in fragmentation and internal withering of the Taliban. But that outcome is not guaranteed nor likely to materialize quickly. In fact, the Taliban swiftly announced Mawlawi Haibatullah Akhundzada, a deputy to Mullah Mansour, as its new leader to avoid the tensions and chaos that surrounded Mansour’s appointment.

The Taliban has mounted and sustained its toughest military campaign in years, and the war has become bloodier than ever. Despite the Taliban’s internal difficulties, its military energy shows no signs of fizzling out. The influence of the particularly vicious Haqqani network within the Taliban has grown. Moreover, the Islamic State established itself in Afghanistan in 2015, although it faces multiple strong countervailing forces.

Most ominously, Afghanistan’s political scene remains fractious and polarized. The National Unity Government of President Ashraf Ghani and his chief executive officer and rival Abdullah Abdullah (created in the wake of the highly contested presidential elections of 2014) has never really found its feet. Fundamental structural problems of the government remain unaddressed, and after two years in power the government may face its end as a result of a possible Loya Jirga assembly in the fall of 2016. Even if the Jirga does not meet, Afghanistan’s leadership will face potentially debilitating crises of legitimacy. Afghanistan’s elite has not taken any steps to heal the country’s deep and broad political wounds. Instead, the dominant mode of politics is to plot the demise of the government and focus on a parochial accumulation of one’s power at the expense of the country’s national interest, and even the very survival of the post-2001 order.

Struggling to deliver the promised improvements in government efficiency and reduction in corruption, President Ghani staked the two first years of his presidency on negotiations with the Taliban. In order to facilitate the negotiations, he reached out to Pakistan in a daring and politically costly gambit in the fall of 2014 and repeatedly since. The payoff so far has been limited and Ghani’s political space is shrinking. The death of Mullah Mansour is likely to complicate the process even more.

In the paper, Felbab-Brown discusses the evolving international support for Afghanistan; military developments in Afghanistan since the fall of 2014 and the intensity of the Taliban’s battlefield thrust; the Taliban’s internal cohesion, fragmentation and leadership successions; President Ghani’s outreach to Pakistan and the effort to negotiate with the Taliban; and Afghan political processes and trends.

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Image Source: © Ahmad Masood / Reuters
       




june

Employment in June appears to rebound after disappointing performance in May


June’s jobs gains, released this morning, show that 287,000 new jobs were added in June, an impressive rebound after only 11,000 new jobs were added in May (revised down from from 38,000 at the time of the release).

This year’s monthly job gains and losses can indicate how the economy is doing once they are corrected to account for the pattern we already expect in a process called seasonal adjustment. The approach for this seasonal adjustment that is presently used by the Bureau of Labor Statistics (BLS) puts very heavy weight on the current and last two years of data in assessing what are the typical patterns for each month.

In my paper “Unseasonal Seasonals?” I argue that a longer window should be used to estimate seasonal effects. I found that using a different seasonal filter, known as the 3x9 filter, produces better results and more accurate forecasts by emphasizing more years of data. The 3x9 filter spreads weight over the most recent six years in estimating seasonal patterns, which makes them more stable over time than in the current BLS seasonal adjustment method.

I calculate the month-over-month change in total nonfarm payrolls, seasonally adjusted by the 3x9 filter, for the most recent month. The corresponding data as published by the BLS are shown for comparison purposes. According to the alternative seasonal adjustment, the economy added 286,000 jobs in June (column Wright SA), almost identical to the official BLS total of 287,000 (column BLS Official).

Data updates released today for prior months also reveal some differences between my figure and the official jobs gains from prior months. The official BLS numbers for May were revised down from 38,000 new jobs to a dismal 11,000. My alternative adjustment shows that the economy actually lost 6,000 jobs in May, down from 17,000 jobs gained at the time of the release. [i] The discrepancies between the two series are explained in my paper.

In addition to seasonal effects, abnormal weather can also affect month-to-month fluctuations in job growth. In my paper “Weather-Adjusting Economic Data” I and my coauthor Michael Boldin implement a statistical methodology for adjusting employment data for the effects of deviations in weather from seasonal norms. This is distinct from seasonal adjustment, which only controls for the normal variation in weather across the year. We use several indicators of weather, including temperature and snowfall.

We calculate that weather in June brought up the total by 25,000 jobs (column Weather Effect), but this should be considered a transient effect. Our weather-adjusted total, therefore, is 262,000 jobs added for June (column Boldin-Wright SWA). This is not surprising, given that weather in June was in line with seasonal norms.

It’s good to see the jobs numbers rebounding this month. The May number was somewhat affected by the Verizon strike. Also, it is important to remember that pure sampling error in any one month’s data is large, and that could explain part of the weak employment report for May. Averaging over the last three months, employment is expanding by about 150,000 jobs per month—a healthy pace, although a bit of a step down from last year.

a. Applies a longer window estimate of seasonal effects (see Wright 2013). The June 2015 to May 2016 values in this column have been corrected to remove a coding error that affected the previously reported values.

b. Includes seasonal and weather adjustments, where seasonal adjustments are estimated using the BLS window specifications (see Boldin & Wright 2015). The incremental weather effect in the last column is the BLS official number less the SWA number.


[i] Note that, due to a small coding error, my alternative seasonal adjustment for May, at the time of the release, should have been 17,000 new jobs, not -4,000, as was reported in my previous post. In addition to the underlying data revisions, and correcting for this error, the revised alternative seasonal adjustment for May is -6,000 jobs added (second row of column Wright SA).

Authors

  • Jonathan Wright
      
 
 




june

Make way for mayors: Why the UK’s biggest power shift may not be the June 8 general election

United Kingdom Prime Minister Theresa May’s call for a snap general election on June 8 has threatened to overshadow another important vote that could reshape the landscape of urban leadership in England. On May 4, voters in six regions, including the large metros of Manchester and Liverpool, will head to the polls for the very…

       




june

My Favorite Stories in Design: January to June, 2012

The year saw the start of some very interesting trends that will play out over the next few years in a big way.




june

The top <s>ten eleven</s> twelve posts of June from yoga mats to wind turbines

With a few tips from Grandma thrown in.




june

Most Popular Articles of June: City of Tulsa Destroys Woman's Edible Garden, Hilarious Prank on Shell, and More

How can a city destroy an edible garden on private property without legal permission? We also have the viral party-gone-wrong prank on Shell, the 12 most toxic fruits and vegetables, and more.




june

JUNE smart bracelet measures sun exposure, tells you when you've had enough

it's a "personal sun coach" that tells you when to put on a hat, and more.




june

Ford plans health screenings, temperature checks to bring office workers back beginning in June

Ford Motor expects to begin calling back salaried employees who have been working remotely due to the coronavirus pandemic beginning in late June, executives said Thursday.




june

China's May, June exports could be weaker due to lockdowns in other countries: Credit Suisse

China's exports could weaken in May, possibly also in June, as some of its largest export markets in the West have been under lockdown due to the pandemic, says Ray Farris, Credit Suisse's chief investment officer for South Asia.




june

Alphabet CEO lays out how offices will slowly reopen starting in June with internal memo

The first employees to return will be those who need "access to special equipment" and whose jobs require them them to be in the office, Pichai stated.




june

HDFC EOF - II - 1100D June 2017 (1) - Regular Option - Growth Option

Category Growth
NAV 8.114
Repurchase Price
Sale Price
Date 08-May-2020




june

HDFC EOF - II - 1100D June 2017 (1) - Regular Option - Dividend Option

Category Growth
NAV 8.114
Repurchase Price
Sale Price
Date 08-May-2020




june

HDFC EOF - II - 1100D June 2017 (1) - Direct Option - Growth Option

Category Growth
NAV 8.389
Repurchase Price
Sale Price
Date 08-May-2020




june

HDFC EOF - II - 1100D June 2017 (1) - Direct Option - Dividend Option

Category Growth
NAV 8.389
Repurchase Price
Sale Price
Date 08-May-2020




june

HDFC FMP 750D June 2014 (1) - Regular Option - Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 750D June 2014 (1) - Regular Option - Growth Option

Category Income
NAV 12.7062
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 750D June 2014 (1) - Regular Option - Flexi Option

Category Income
NAV 11.8541
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2016




june

HDFC FMP 750D June 2014 (1) - Regular Option - Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 750D June 2014 (1) - Direct Option - Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 750D June 2014 (1) - Direct Option - Growth Option

Category Income
NAV 12.7976
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 750D June 2014 (1) - Direct Option - Flexi Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 07-Nov-2014




june

HDFC FMP 750D June 2014 (1) - Direct Option - Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jul-2017




june

HDFC FMP 747D June 2014 (1)-Regular Option-Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Regular Option-Growth Option

Category Income
NAV 12.7156
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Regular Option-Flexi Option

Category Income
NAV 12.7156
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Regular Dividend-Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Direct Option-Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Direct Option-Growth Option

Category Income
NAV 12.8074
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Direct Option-Flexi Option

Category Income
NAV 12.8074
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 747D June 2014 (1)-Direct Option-Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 27-Jun-2017




june

HDFC FMP 371D June 2014 (3) - Regular Option - Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Regular Option - Growth Option

Category Income
NAV 12.8181
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Regular Option - Flexi Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 07-Nov-2014




june

HDFC FMP 371D June 2014 (3) - Regular Option - Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Direct Option - Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Direct Option - Growth Option

Category Income
NAV 12.8515
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Direct Option - Flexi Option

Category Income
NAV 12.8515
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (3) - Direct Option - Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 08-Aug-2017




june

HDFC FMP 371D June 2014 (2)-Regular Option-Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 23-Jun-2015




june

HDFC FMP 371D June 2014 (2)-Regular Option-Growth Option

Category Income
NAV 12.8242
Repurchase Price 0
Sale Price 0
Date 01-Aug-2017




june

HDFC FMP 371D June 2014 (2)-Regular Option-Flexi Option

Category Income
NAV 10.9074
Repurchase Price 0.0000
Sale Price 0.0000
Date 23-Jun-2015




june

HDFC FMP 371D June 2014 (2)-Regular Option-Dividend Option

Category Income
NAV 10
Repurchase Price 0
Sale Price 0
Date 01-Aug-2017




june

HDFC FMP 371D June 2014 (2)-Direct Option-Quarterly Dividend Option

Category Income
NAV 10.0000
Repurchase Price 0.0000
Sale Price 0.0000
Date 07-Nov-2014