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Category Archives: Financial System

CRS – Iran Sanctions

Iran Sanctions, Kenneth Katzman, Specialist in Middle Eastern Affairs. September 21, 2016.

“The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides Iran broad relief from U.S., U.N., and multilateral sanctions on Iran’s energy, financial, shipping, automotive, and other sectors. Sanctions were suspended or lifted upon the International Atomic Energy Agency (IAEA) certification on January 16, 2016, that Iran had complied with the stipulated nuclear dismantlement commitments under the agreement (“Implementation Day”). On Implementation Day, Administration waivers of relevant sanctions laws took effect and relevant Executive Orders (E.O.s) were revoked by E.O. 13716.”

Paper – European Citizenship after Brexit

Mindus, Patricia, European Citizenship after Brexit (September 29, 2016). Available for download at SSRN: http://ssrn.com/abstract=2842500 “This paper investigates European citizenship after Brexit, in light of the functionalist theory of citizenship. No matter its shape, Brexit will impact significantly on what has been labelled as ‘one of the major achievements of EU integration’: citizenship of the… Continue Reading

Class Action suit against Wells Fargo filed in Utah

ABCNews.com – “Three Utah residents have filed what may be the first class-action lawsuit brought by customers against Wells Fargo in the ongoing fallout over allegations that more than 2 million bank accounts or credit cards were opened or applied for without customers’ knowledge or permission. Wells Fargo declined to comment on the suit which… Continue Reading

Paper – Examining the costs and causes of cyber incidents

Examining the costs and causes of cyber incidents, Sasha Romanosky, Journal of Cybersecurity, DOI: http://dx.doi.org/10.1093/cybsec/tyw001. First published online: 25 August 2016. “In 2013, the US President signed an executive order designed to help secure the nation’s critical infrastructure from cyberattacks. As part of that order, he directed the National Institute for Standards and Technology (NIST)… Continue Reading

The Atlantic – What Congress Is Actually Good at

Michelle Cottle is a contributing editor at The Atlantic: “Because while some of Congress’s flashier oversight crusades reek of politics, the committees are in many ways doing the Lord’s work. It’s just that no one hears much about the not-so-sexy, not-so-partisan probes that actually seek to improve government. “No doubt there have been some abuses… Continue Reading

Federal Reserve issues FOMC statement September 21 2016

Release Date: September 21, 2016: “Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months,… Continue Reading

Pride and Prejudice in U.S. Trade

Cao, Lan, Pride and Prejudice in U.S. Trade (September 19, 2016). 7 Notre Dame J. Int’l & Comp. Law (2016 Forthcoming). Available for download at SSRN: http://ssrn.com/abstract=2840911 “Trade has become a highly contentious issue in the United States, as major Presidential candidates line up to denounce trade as “fraudulent” and “disastrous for the American worker.”… Continue Reading

What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2010–2014

What Does Consistent Participation in 401(k) Plans Generate? Changes in 401(k) Plan Account Balances, 2010–2014. September 2016. EBRI Issue Brief #426. Employee Benefit Research Institute: “This Issue Brief provides an annual update of the longitudinal analysis of 401(k) plan participants drawn from the EBRI/ICI 401(k) database — the largest, participant-level database of its kind, with about… Continue Reading

Beyond the Standard Repayment Plan: Smaller Student Loan Payments and Short-Term Outcome

Urban Institute,K ristin Blagg, September 15, 2016: “Borrowers have more choices than ever for paying down their student loans. Although many borrowers still automatically enroll in standard 10-year, fixed-payment plans, some opt to enroll in programs that allow smaller monthly payments, such as income-driven repayment plans, or plans with longer repayment periods. I present a… Continue Reading

Financial State of the States 2015

Truth in Accounting: “Government reports are complicated, long documents. At Truth in Accounting (TIA), we believe that citizens deserve easy-to-understand, truthful, and transparent financial information from their governments. Without this, how can they participate in democracy? In order to give citizens the government financial information they deserve, Sheila Weinberg founded TIA in 2002. At TIA’s… Continue Reading

Corporate Tax Chartbook: How Corporations Rig the Rules to Dodge the Taxes They Owe

Economic Policy Institute Report By Frank Clemente, Hunter Blair, and Nick Trokel, September 16, 2016. “In recent years, corporate profits have reached record highs, and so too has the amount of untaxed profits U.S. corporations have stashed offshore: $2.4 trillion. And it is estimated corporations could owe as much as $700 billion on those profits.… Continue Reading

The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa

World Bank, September 16, 2016: “In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis… Continue Reading