Category «Financial System»

Tax Evasion at the Top of the Income Distribution – Theory and Evidence

NBER Paper – “This paper studies tax evasion at the top of the U.S. income distribution using IRS micro-data from (i) random audits, (ii) targeted enforcement activities, and (iii) operational audits. Drawing on this unique combination of data, we demonstrate empirically that random audits underestimate tax evasion at the top of the income distribution. Specifically, …

Subjects: Congress, Courts, Economy, Financial System, Government Documents, Internet, Knowledge Management

CEO Pay Remains Stratospheric Even at Companies Battered by Pandemic

The New York Times – “…The coronavirus plunged the world into an economic crisis, sent the U.S. unemployment rate skyrocketing and left millions of Americans struggling to make ends meet. Yet at many of the companies hit hardest by the pandemic, the executives in charge were showered with riches. The divergent fortunes of C.E.O.s and …

Subjects: Economy, Financial System, Health Care

A brief history of how it took almost 300 years to pass the Americans with Disabilities Act

Fast Company – “By now you’ve probably heard that the pandemic has hit certain groups more than others. Women, particularly women of color, have lost a historic number of jobs, which has a ripple effect on the wage gap and the global economy overall. What’s less well known is that between March and August 2020 …

Subjects: Civil Liberties, Economy, Financial System, Government Documents, Legal Research, Legislation

Why lawmakers are so interested in Apple’s and Google’s “rents”

Ars Technica:  You can’t understand the app store debate without some grasp of antitrust jargon. [Note: Primary reference is Senate Judiciary Committee, Subcommittee on Competition Policy, Antitrust, and Consumer Rights, hearing held April 21, 2021] “In economics, the concept of rent refers to money that a business makes in excess of what it would get …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research

Inside the Future 50: Why these companies thrived in the pandemic—and could grow even faster coming out of it

“As we move past the one-year mark since the COVID-19 crisis first spread to businesses and markets around the globe, it’s clear that the competitive landscape has been significantly reshaped. New winners and new losers emerged in many industries, with the difference often explained by their responses to the pandemic and the new needs it …

Subjects: Economy, Financial System, Legal Research

Non-Fungible Tokens Force a Copyright Reckoning

IP Watchdog: “NFTs may actually mark the new era in online content; an era where we eventually see every digital copy tagged with a serial number to trace and prosecute counterfeiting….From the advent of the internet, digital commodities and technologies have ceaselessly presented new hurdles for intellectual property (IP) owners and protectors. The cycle of …

Subjects: Copyright, Economy, Financial System, Legal Research

Climate Change Risk Disclosures and the Securities and Exchange Commission

CRS report – Climate Change Risk Disclosures and the Securities and Exchange Commission, April 20 2021: “Potential risks to the U.S. financial system from climate change have attracted growing attention in government, academia, and media, raising questions about the roles of financial regulators in addressing such risks. Scientific assessments have concluded that human activities—and particularly …

Subjects: Climate Change, Congress, Economy, Financial System, Government Documents, Legal Research

King Cotton, the Munificent Slavery and (Under)development in the United States, 1789-1865

King Cotton, the Munificent Slavery and (Under)development in the United States, 1789-1865. Joseph A. Francis. Working Paper. April 2021. “Slavery made an important contribution to the development of the United States up to the Civil War. Slaves were were necessary for the country’s cotton boom because cotton was not sufficiently remunerative to attract yeoman farmers. …

Subjects: Civil Liberties, Congress, Economy, Education, Financial System

IMF Launches Climate Change Indicators Dashboard

“The International Monetary Fund (IMF) launched a new Climate Change Indicators Dashboard—an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation. The Dashboard is a single platform that brings together experimental climate change indicators that allows comparison across countries. The indicators …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Government Documents, Legal Research

How to keep your retirement investments gun-free

Mashable: “Despite a year-long pandemic in which Americans were asked to stay indoors, gun violence is on the rise in the United States. In 2020, almost 20,000 Americans died by gun violence, according to the nonprofit Gun Violence Archive (this number doesn’t include self-inflicted gun violence). The organization has already reported more than a hundred …

Subjects: Economy, Financial System, Knowledge Management, Legal Research

2021: Office Re-Entry Index

“Throughout the extent of the Coronavirus pandemic, many companies across America halted in-office operations and transitioned workforces to operate remotely. As companies worked year-round to develop strategies for office re-entry, planning efforts continued to shift as new information was presented daily. One year later, now with vaccine in distribution and decreasing positivity rates, companies have …

Subjects: Economy, Financial System, Health Care