Category «Financial System»

Telecommuting will likely continue long after the pandemic

Brookings: “The COVID-19 pandemic is, among other things, a massive experiment in telecommuting. Up to half of American workers are currently working from home, more than double the fraction who worked from home (at least occasionally) in 2017-18. Of course, some jobs simply can’t be done at home. But the outbreak is accelerating the trend …

Subjects: Economy, Financial System, Internet, Knowledge Management

Fintech: Overview of Innovative Financial Technology and Selected Policy Issues

EveryCRSReport.com – Fintech: Overview of Innovative Financial Technology and Selected Policy Issues, April 28, 2020 – “Advances in technology allow for innovation in the ways businesses and individuals perform financial activities. The development of financial technology—commonly referred to as fintech—is the subject of great interest for the public and policymakers. Fintech innovations could potentially improve …

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

Covid Stimulus Watch

New Website Documents Accountability Track Records of CARES Act Recipients: “The 2020 Coronavirus Aid, Relief, and Economic Security Act (or CARES Act) provides hundreds of billions of dollars in assistance to large and small corporations whose operations have been disrupted by the Covid-19 pandemic. The public deserves to know which companies are receiving the assistance …

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

The Immunity of the Tech Giants

The New York Times – Kara Swisher: When the pandemic is over, we most certainly should fear the industry more than ever. “If power tends to corrupt, and absolute power corrupts absolutely, how can we best describe the kind of power Big Tech will wield when the coronavirus crisis is over? How about this: The …

Subjects: Civil Liberties, E-Commerce, Economy, Financial System, Internet, Knowledge Management, Legal Research, Privacy

The iconic brands that could disappear because of coronavirus

Washington Post: “The retail industry, rife with bankruptcies and shuttered stores long before the coronavirus, is facing its biggest test yet. Lockdowns triggered by the pandemic have forced the temporary closures of 263,000 stores, according to GlobalData Retail, and analysts say it remains to be seen how many will be able to reopen. A number …

Subjects: Economy, Financial System, Legal Research

The Coronavirus Aid, Relief, and Economic Security (CARES) Act—Tax Relief for Individuals and Businesses

Via LC – The Coronavirus Aid, Relief, and Economic Security (CARES) Act—Tax Relief for Individuals and Businesses Updated April 28, 2020: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act—Tax Relief Congressional Research Service 1ongress has considered a number of proposals that seek to mitigate the economic effects of the Coronavirus disease 2019, or COVID-19, …

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

Fintech: Overview of Innovative Financial Technology and Selected Policy Issues

EveryCRSReport.com – Fintech: Overview of Innovative Financial Technology and Selected Policy Issues, April 28, 2020: “Advances in technology allow for innovation in the ways businesses and individuals perform financial activities. The development of financial technology—commonly referred to as fintech—is the subject of great interest for the public and policymakers. Fintech innovations could potentially improve the …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation

Small Businesses and COVID-19: Relief and Assistance Resources

Via LC – Small Businesses and COVID-19: Relief and Assistance Resources Updated April 28, 2020 – “This CRS Insight presents selected websites and CRS products potentially relevant to small businesses that are directly affected by the Coronavirus Disease 2019 (COVID-19) pandemic and seeking economic relief and assistance. For an analysis of the small business provisions …

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

Did the Paycheck Protection Program Hit the Target?

Granja, Joao and Makridis, Christos and Yannelis, Constantine and Zwick, Eric, Did the Paycheck Protection Program Hit the Target? (April 25, 2020). Available at SSRN: https://ssrn.com/abstract=3585258 “This paper takes an early look at the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to …

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

89% fear economic collapse

“89% of Americans — both Republicans and Democrats — now worry about the economy collapsing, Axios White House editor Margaret Talev writes from the newest Axios-Ipsos Coronavirus Index. Why it matters: In this 50-50 nation, we almost never see lopsided results like that. This figure is one of the most vivid indications yet that real …

Subjects: Economy, Financial System