Earlier today, the Recovery Board released the list of Recovery Act recipients who did not file during the second reporting period.   According to the Board, recipients of 1,036 Recovery Act awards failed to file during this quarter, which was from Oct. 1 through Dec. 31, 2009. That number represents a whopping 76 percent decline from the first reporting cycle, which saw 4,359 missing award reports, and is less than one percent of all the award reports. Equally good news is that of the 1,036 missing reports, only 389 were from "repeat offenders," or recipients who failed to file in both quarters.

Yesterday morning, Rep. Jan Schakowsky (D-IL) and Sen. Bernie Sanders (I-VT) held a press conference to announce the reintroduction of legislation to phase out the government's use of private security contractors in war zones. The Stop Outsourcing Security Act, which Schakowsky and Sanders originally introduced in 2007, seeks to prevent contractors in war zones from performing "mission critical or emergency essential functions," including security, military and police training, interrogation, and intelligence.

Tom the Dancing Bug on how the free markets work in two American institutions: banking and baseball.