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Category Archives: Financial System

Blockchain Token Securities Law Framework

Coinbase blog: “Today, we’re excited to announce the release of a Blockchain Token Securities Law Framework. We’ve also created a Framework Tool as a guide for developers and users of blockchain tokens. As the development of blockchain tokens (also known as App Coins) continues to enable new decentralized business models, new legal issues come into focus. For developers, legal and regulatory uncertainty can be one of the main barriers to building new blockchain protocols and applications. The Framework is a starting point for developers and companies entering the space. It can be used to analyze the likelihood that a particular blockchain token (e.g. any given App Coin) would be subject to US federal securities law. It also establishes a set of best practices for token crowdsales. The Framework has been prepared in collaboration with Coin Center, Union Square Ventures and Consensys. It is open source and free to use.” [via Pete Weiss – thank you]

Monthly Budget Review for November 2016

“The federal budget deficit was $179 billion for the first two months of fiscal year 2017, CBO estimates, $22 billion less than the one recorded during the same period last year. Revenues were higher than those in the same period last year, by 1 percent, and outlays decreased by 3 percent. But this year’s outlays… Continue Reading

WaPo reports on Pentagon study highlighting $125B in waste

Pentagon buries evidence of $125 billion in bureaucratic waste, Craig Whitlock and Bob Woodward: “The Pentagon has buried an internal study that exposed $125 billion in administrative waste in its business operations amid fears Congress would use the findings as an excuse to slash the defense budget, according to interviews and confidential memos obtained by… Continue Reading

2014 Statistics of U.S. Businesses

“This release includes single-year estimates of the number of firms, number of establishments, employment and annual payroll. Statistics are presented by Metropolitan Statistical Area, county and Legal Form of Organization. Internet address: <http://www.census.gov/programs-surveys/susb.html. Continue Reading

Tax Policy Center – An Analysis of Donald Trump’s Revised Tax Plan

“This paper analyzes presidential candidate Donald Trump’s revised tax proposal, which would significantly reduce marginal tax rates, increase standard deduction amounts, repeal personal exemptions, cap itemized deductions, and allow businesses to elect to expense new investment and not deduct interest expense. His proposal would cut taxes at all income levels, although the largest benefits, in… Continue Reading

The Manufacturing Footprint and the Importance of U.S. Manufacturing Jobs

Economic Policy Institute Report: “Executive summary – While U.S. manufacturing has been hit hard by nearly two decades of policy failures that have damaged its international competitiveness, it remains a vital part of the U.S. economy. The manufacturing sector employed 12 million workers in 2013, or about 8.8 percent of total U.S. employment. Manufacturing employs… Continue Reading

FRB Beige Book – November 30, 2016

“Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from early October through mid-November. Activity in the Boston, Minneapolis, and San Francisco Districts grew at a moderate pace, while Atlanta, Chicago, St. Louis, and Dallas cited modest growth. Philadelphia, Cleveland, and Kansas City cited a slight pace… Continue Reading

GAO reports on student loan debt forgiveness topping $100 Billion

Federal Student Loans: Education Needs to Improve Its Income-Driven Repayment Plan Budget Estimates, GAO-17-22: Published: Nov 15, 2016. Publicly Released: Nov 30, 2016. “For the fiscal year 2017 budget, the U.S. Department of Education (Education) estimates that all federally issued Direct Loans in Income-Driven Repayment (IDR) plans will have government costs of $74 billion, higher… Continue Reading

2017 State of the Services Economy Report

The 2017 State of the Services Economy Report Presented by Mavenlink & Gigaom “It’s clear that opportunities for services providers have never been greater. In 2016, IBS estimated that the global services economy will represent a staggering $3 trillion in commercial opportunity. And its rapidly growing. However, there is also overwhelming consensus that the industry… Continue Reading

Sunlight Foundation tracking Trump conflicts of interest

“Sunlight and the public are still waiting for answers on what open government will look like in the White House of President-Elect Donald J. Trump. What we do know is that the president-elect has not only failed to set up a true blind trust for his assets, but in the weeks since Election Day has… Continue Reading

Factors Affecting Revenue Estimates of Tax Compliance Proposals

Janet Holtzblatt (CBO) and Jamie McGuire (JCT) “This paper examines various factors that affect estimates made by the Congressional Budget Office and the staff of the Joint Committee on Taxation of the budgetary savings from tax compliance proposals. Affecting the current law baseline, against which proposed changes are measured, are the size of the tax gap… Continue Reading

Charities Aid Foundation World Giving Index 2016

“The CAF World Giving Index is a leading study on global generosity. Now in its seventh year, it provides a picture of charitable behaviour around the world. The CAF World Giving Index measures the average percentage of people in each country who donate money, volunteer or help a stranger. This year, 140 countries were surveyed, representing around 96% of the world’s… Continue Reading