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“The plan the [president-elect] has announced doesn’t meet the standards that the best of his nominees are meeting and that every president in the last four decades have met.We can’t risk the perception that government leaders would use their official positions for professional profit. Stepping back from running his business is meaningless from a conflict …
“The January 2017 Global Economic Prospects forecasts a subdued recovery in 2017 after the weakest year since the financial crisis. The pickup in growth is expected to come from the receding of obstacles that have recently held back growth among commodity exporters, and from solid domestic demand in commodity importers. Major emerging economies—including Russia and …
BEA Blog: “The most detailed data on U.S. international trade in services published by the Bureau of Economic Analysis are now accessible through our application programming interface, or API. This includes detailed annual statistics on U.S. trade in services by type of service for 90 countries and areas, including new estimates of trade related to …
Retirement Security: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets, GAO-17-102: Published: Dec 8, 2016. Publicly Released: Jan 9, 2017. “People who invest their retirement accounts in unconventional assets—such as real estate or virtual currency—may be placing their savings at risk. Retirement accounts allowing such unconventional investments increase owners’ …
CRS report via FAS – International Trade and Finance: Overview and Issues for the 115th Congress. Mary A. Irace, Coordinator. Section Research Manager; Rebecca M. Nelson, Coordinator. Specialist in International Trade and Finance. December 21, 2016. “The U.S. Constitution grants authority to Congress to regulate commerce with foreign nations. Congress exercises this authority in numerous …
“The Obama-to-Trump transition will be at least as momentous with Europe and Russia also as the backdrop. If the Kennedy years, after this false start, ultimately signaled a segue to what historians now regard as a less dangerous phase of the Cold War, Trump’s coming to power may catapult us to a wholly different kind …
Westrupp, Victor, Foreclosure Sales and Recourse. (September 15, 2016). Available for download at SSRN: https://ssrn.com/abstract=2893468 “I document the imbalance of foreclosure sales with respect to recourse laws applied to primary mortgages in the U.S. using geographic state borders as exogenous variation combined with individual transaction data located close to the border. Under a regression discontinuity …
Liu, Karen, The Real Effects of NASDAQ Delistings (November 14, 2016). Available for download at SSRN: https://ssrn.com/abstract=2893493 “It is claimed that exchange listing of its stock benefits a firm by improving its stock liquidity and access to capital, thereby affecting real decisions and consequent outcome variables. Testing this claim empirically encounters obvious and formidable endogeneity …
NBC News: “The office tasked with overseeing ethics and conflicts in the federal government struggled to gain access to leaders of the Trump transition team, and warned Trump aides about making decisions on nominees or blind trusts without ethics guidance, according to new emails obtained by MSNBC. Office of Government Ethics Director Walter Shaub emailed …
Asian American wealth inequality is greater and rising faster than white wealth inequality – Center for American Progress – Christian E. Weller and Jeffrey Thompson December 20, 2016. “The narrative of this year’s U.S. presidential election made clear that Americans are acutely concerned about the widening income inequality in the United States. The distribution of …
CRS report via FAS – Systemically Important or “Too Big to Fail” Financial Institutions, Marc Labonte, Specialist in Macroeconomic Policy, updated January 4, 2017. “Although “too big to fail” (TBTF) has been a long-standing policy issue, it was highlighted by the financial crisis, when the government intervened to prevent the near-collapse of several large financial …
Daily Digest Committee Meetings/Hearings Schedule – This document provides a brief description of each committee meeting and hearing scheduled to take place today, and on days thereafter. The time and location of each meeting/hearing is identified. Meetings that have been canceled or postponed are also noted. Related – New York Times – Senate Pushes Hearings …
