Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Financial System

Report – Majority of Americans Believe Govt Does Bad Job Fighting Corruption

“The US faces a wide range of domestic challenges related to the abuse of entrusted power for private gain, which is Transparency International’s definition of corruption. Key issues include the influence of wealthy individuals over government; “pay to play” politics and the revolving doors between elected government office, for-profit companies, and professional associations; and the abuse of the US financial system by corrupt foreign kleptocrats and local elites. The current US president was elected on a promise of cleaning up American politics and making government work better for those who feel their interests have been neglected by political elites. Yet, rather than feeling better about progress in the fight against corruption over the past year, a clear majority of people in America now say that things have become worse. Nearly six in ten people now say that the level of corruption has risen in the past twelve months, up from around a third who said the same in January 2016. A new survey by Transparency International, the US Corruption Barometer 2017, was carried out in October and November 2017. It shows that the US government and some key institutions of power still have a long way to go to win back citizens’ trust. The results show:

  • 44 per cent of Americans believe that corruption is pervasive in the White House, up from 36 per cent in 2016.
  • Almost 7 out of 10 people believe the government is failing to fight corruption, up from half in 2016.
  • Close to a third of African-Americans surveyed see the police as highly corrupt, compared to a fifth across the survey overall.
  • 55 per cent gave fear of retaliation as the main reason not to report corruption, up from 31 per cent in 2016.
  • 74 per cent said ordinary people can make a difference in the fight against corruption.
  • Office of the President seen as most corrupt…”

House Intel Committee Releases Glenn Simpson Testimony Transcripts

“The House Permanent Select Committee on Intelligence today voted to publish the transcripts of testimony provided to the committee by Fusion GPS co-founder Glenn Simpson. The November 8 transcript is available here and the November 14 transcript is available here.” See also Feinstein: American People Deserve Opportunity to Read Glenn Simpson, Fusion GPS Transcript Continue Reading

McKinsey – Organizing for the age of urgency

To compete at the speed of digital, you need to unleash your strategy, your structure, and your people:  “…In this article, we’ll share these emerging elements of the organization of the future. While there is no set formula for success, we’ve seen versions of these elements at so many companies that we think they provide… Continue Reading

8 challenges for open government posed by emerging technology

Sunlight Foundation: 8 challenges for open government posed by emerging technology – “As 2018 begins, the big tent of open government holds both promise and peril, as nationalism, populism, low trust in institutions, and voter anger and apathy put years of gains at risk. We continue to see meaningful ways for better laws and policies to enable… Continue Reading

AGA-Grant Thornton Survey Shows Government CFOs Navigating Disruption

“A new survey of federal chief financial officers (CFOs) conducted by AGA and Grant Thornton, titled Navigating Disruption, reports that CFOs are finding both challenges and opportunities related to the implementation of the White House executive order for reorganization of the Executive Branch and other management initiatives. The 22nd annual AGA-Grant Thornton CFO survey, released today… Continue Reading

Freedom in the World 2018 Democracy in Crisis

Freedom House – Freedom in the World 2018, Democracy in Crisis: “Democracy is in retreat globally and, some say, in the United States. Exacerbating the democratic backslide are authoritarian regimes such as Russia and China, which have increased both repression at home and efforts to export instability abroad. On the home front, indifference toward democratic… Continue Reading

CRS – Transatlantic Relations in 2018

Transatlantic Relations in 2018. January 10, 2018. IN10847. “As the second year of the Trump Administration begins, a degree of uncertainty lingers over transatlantic relations. The U.S.-European partnership could face challenges in 2018. Following the election of President Trump, numerous European officials and analysts expressed concern about the future trajectory of U.S.-European relations, particularly the… Continue Reading

Economic Growth, Regulatory Relief, and Consumer Protection Act and Selected Policy Issues

CRS report – Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) and Selected Policy Issues. January 10, 2018. R45073. “Some observers assert the financial crisis of 2007-2009 revealed that excessive risk had built up in the financial system, and that weaknesses in regulation contributed to that buildup and the resultant instability. In response,… Continue Reading

World Inequality Report 2018

“The World Inequality Report 2018 relies on a cutting-edge methodology to measure income and wealth inequality in a systematic and transparent manner. By developing this report, the World Inequality Lab seeks to fill a democratic gap and to equip various actors of society with the necessary facts to engage in informed public debates on inequality. … Continue Reading

CRS Update: Who’s the Boss at the CFPB?

UPDATE: Who’s the Boss at the CFPB? – Valerie C. Brannon Legislative Attorney Jared P. Cole Legislative Attorney. January 11, 2018. “Update: On January 10, 2018, the U.S. District Court for the District of Columbia denied Leandra English’s request for a preliminary injunction, ruling that the Federal Vacancies Reform Act (Vacancies Act) authorized the President to… Continue Reading

Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding

Americans for Financial Reform (AFR) sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision. “On behalf of Americans for Financial Reform (AFR), we are writing to stateour opposition to legislative proposals that would end independent funding for Federal Reserve supervision and regulation… Continue Reading

GAO – Agencies Need to Involve Chief Information Officers in Reviewing Billions of Dollars in Acquisitions

Information Technology: Agencies Need to Involve Chief Information Officers in Reviewing Billions of Dollars in Acquisitions GAO-18-42: Published: Jan 10, 2018. Publicly Released: Jan 10, 2018. “Most of the 22 selected agencies did not identify all of their information technology (IT) contracts. The selected agencies identified 78,249 IT-related contracts, to which they obligated $14.7 billion… Continue Reading