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Category Archives: Financial System

OpenEDGAR: Open Source Software for SEC EDGAR Analysis

Computational Legal Studies: “Our next paper — OpenEDGAR – Open Source Software for SEC Edgar Analysis is now available.  This paper explores a range of #OpenSource tools we have developed to explore the EDGAR system operated by the US Securities and Exchange Commission (SEC).  While a range of more sophisticated extraction and clause classification protocols can be developed leveraging LexNLP and other open and closed source tools, we provide some very simple code examples as an illustrative starting point.

Click here for Paper:   < SSRN > < arXiv >
Access Codebase Here: < Github >

Abstract
OpenEDGAR is an open source Python framework designed to rapidly construct research databases based on the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system operated by the US Securities and Exchange Commission (SEC). OpenEDGAR is built on the Django application framework, supports distributed compute across one or more servers, and includes functionality to (i) retrieve and parse index and filing data from EDGAR, (ii) build tables for key metadata like form type and filer, (iii) retrieve, parse, and update CIK to ticker and industry mappings, (iv) extract content and metadata from filing documents, and (v) search filing document contents. OpenEDGAR is designed for use in both academic research and industrial applications, and is distributed under MIT License at https://github.com/LexPredict/openedgar

The State of the Nation’s Housing 2018

Joint Center for Housing Studies Harvard University – “The inaugural State of the Nation’s Housing report in 1988 noted that the majority of Americans were well housed and some conditions have improved since then. More than 40 million units have been built over the past three decades, accommodating 27 million new households, replacing older homes,… Continue Reading

Summarizing the FY 2019 House Budget Resolution

Committee for a Responsible Federal Budget, June 19 2018: “House Budget Committee Chairman Steve Womack (R-AR) released his Chairman’s Mark of the House FY 2019 budget resolution. The budget resolution calls for $8.1 trillion of deficit reduction (including rosy growth and other gimmicks), while including reconciliation instructions for committees to enact at least $302 billion… Continue Reading

Social Security: What Would Happen If the Trust Funds Ran Out?

Via EveryCRSReport.com – Social Security: What Would Happen If the Trust Funds Ran Out? June 11, 2018: “Social Security’s receipts and expenditures are accounted for through two federal trust funds: the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and under current law,… Continue Reading

New York files suit against President Trump alleging his charity engaged in ‘illegal conduct’

Attorney General Underwood Announces Lawsuit Against Donald J. Trump Foundation And Its Board Of Directors For Extensive And Persistent Violations Of State And Federal Law: “Attorney General Barbara D. Underwood today announced a lawsuit against the Donald J. Trump Foundation, and its directors, Donald J. Trump (“Mr. Trump”), Donald J. Trump, Jr., Ivanka Trump, and… Continue Reading

CRS – Resources for Key Economic Indicators

Via EveryCRSReport – Resources for Key Economic Indicators – May 30, 2018: An understanding of economic indicators and their significance is seen as essential to the formulation of economic policies. These indicators, or statistics, provide snapshots of an economy’s health as well as starting points for economic analysis. This report contains a list of selected… Continue Reading

More than $82 million in outside income earned in 2017 by Kushner and Ivanka

Washington Post: “Ivanka Trump and Jared Kushner, the president’s daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according to new financial disclosure forms released Monday. Ivanka Trump earned $3.9 million from her stake in the Trump International Hotel in Washington, while Kushner reported over… Continue Reading

DOJ Defending Trump’s Ability To Profit From Foreign Officials Staying At His Hotel

BuzzFeed: “The Justice Department argued Monday that President Donald Trump could continue to profit from foreign governments patronizing his hotel in Washington, DC, without violating the US Constitution, as long as he didn’t explicitly provide something in return. The fact that foreign officials were quoted in media reports saying they would spend money at the… Continue Reading

The World Isn’t Prepared for Retirement

Bloomberg: It’s not just America. New data show people all over the globe don’t understand basic concepts of investment and inflation. “Most online quizzes are relatively mindless, promising to reveal which vegetable, sandwich or rock band best represents your personality. That was not the case for a short online test given to 16,000 people in 15 countries… Continue Reading

Why Retaining Older Women in the Workforce Will Help the U.S. Economy

[email protected]: “In this opinion piece, researchers Amy Lui Abel and Diane Lim of The Conference Board explain why demographic and economic trends provide an opportunity for older women to expand their role in the labor market. Several female-dominated occupations — especially in health care services — face shortages that will only grow. But given the… Continue Reading

Social Security Combined Trust Fund Reserves Depletion Year Remains 2034 Says Board of Trustees

“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79 percent of… Continue Reading

Blockchain, Smart Contracts, and The Law

LexPredict: “When we first open-sourced ContraxSuite, we emphasized the role contract analytics will play in migrating legacy contracts to new smart contracts that are blockchain-enabled. The distributed ledger technology of blockchain has the potential to mitigate risk, streamline processes, and lower the barrier to entry for all market actors. It has the potential to enhance… Continue Reading