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“The federal Fair Labor Standards Act of 1938 (FLSA) requires employers to provide certain workers with overtime pay when they work more than 40 hours in a week. That overtime pay must be at least 150 percent of the worker’s usual hourly wage. The Department of Labor has issued a rule—set to take effect on …
“To help make the upcoming presidential and congressional transitions as informed as possible, the U.S. Government Accountability Office (GAO) has launched a new mobile app that provides users easy access to the watchdog agency’s priority recommendations for improving government operations. “GAO has organized its work to help President-elect Donald Trump and the next Congress tackle critical …
“In fiscal year 2016, which ended on September 30, the federal budget deficit totaled $587 billion— $148 billion more than the shortfall recorded in 2015. Measured as a share of the nation’s gross domestic product (GDP), the deficit increased to 3.2 percent in 2016, up from 2.5 percent in 2015. About $41 billion of that …
“The United States choses its next president on 8 November, with implications for international relations, security, trade and fight against climate change. The vote follows an acrimonious campaign, which analysts say points to a deeply divided nation on issues such as the US international role, immigration, social protection, taxation as well as trade and industrial …
Urban Institute, Kilolo Kijakazi, Rachel Marie Brooks Atkins, Mark Paul, Anne Price, Darrick Hamilton, William A. Darity Jr. November 1, 2016: “The Great Recession and housing crisis erased approximately half of Black and Latino households’ wealth, while Asians suffered the largest absolute loss in wealth. But the dramatic wealth disparities between White communities and communities …
YPFS Systemic Risk Blog – This is a link blog with an expert focus on reports, papers, financial news, blogs and journals from around the world. Some of the sources require subscription access. [thanks Adam].
National Bureau of Statistic of China – “In October 2016, China’s manufacturing purchasing managers index (PMI) was 51.2 percent, an increase of 0.8 percentage points over last month, and rebounded obviously above the threshold.” [via Biz Ref Desk]
Presentation by Megan Carroll, an analyst for CBO’s Budget Analysis Division, at the Budget Formulation and Execution Line of Business’s Fall Forum., November 1, 2016: “Since 1975, CBO has produced nonpartisan analyses of budgetary and economic issues to support the Congressional budget process. Each year, the agency’s economists and budget analysts produce dozens of reports …
Brookings: “China’s emergence as a global economic power and its fuller integration in the international order are among the principal policy challenges facing Europe and the United States in the early 21st century. At the time of Beijing’s entry into the World Trade Organization (WTO) in 2001, China (though already growing rapidly) was in global …
Avi-Yonah, Reuven S. and Mazzoni, Gianluca, Apple State Aid Ruling: A Wrong Way to Enforce the Benefits Principle? (October 27, 2016). Available for download at SSRN: https://ssrn.com/abstract=2859996 “Following an in-depth investigation formally launched in June 2014, the European Commission has recently concluded that Ireland granted tax benefits of up to €13 billion to Apple in …
Jane Miller and Amy Adkins, Gallup – “This article is the first in a two-part series. The gender pay gap is one of the most controversial topics related to women and work. Though less pronounced than in the past, the pay gap still exists and has barely budged in over a decade. Estimates of the …
Calandro, Joseph, Impact Investment and Risk Management: Overview and Approach (October 25, 2016). ACRN Oxford Journal of Finance and Risk Perspectives, Vol. 5, Issue 3, pp. 46-60, 2016 . Available for download at SSRN: https://ssrn.com/abstract=2859007 “Managing financial risk has proven difficult over time as evidenced by numerous high profile failures over the recent past including …
