Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
New 40-page slide deck from Apollo chief economist Torsten Slok, entitled “The Voluntary Trade Reset Recession,” the probability of which he now puts at 90%. How are consumers responding to tariffs?… click to enlarge the screen shot below: Consumer confidence at record-low levels Front-loading purchases before tariffs began Tourism slowing, in particular international See also …
Global Legal Post: “More than a third of top law firms are exacerbating the climate crisis by supporting some of the world’s biggest polluters through their advisory work, according to the latest Law Students for Climate Accountability report. The sixth annual climate scorecard found that while the number of firms receiving a top A grade …
Economist Paul Krugman – Substack: “Last week was a scary time in U.S. financial markets, and the danger may not be over. I’m not talking about stocks, whose fluctuations often tell us nothing at all. What had me and others rattled were developments in bond and currency markets. Interest rates on long-term government debt rose …
The New York Times [no paywall]: “Stepping into the trade war, Hong Kong said on Wednesday that its postal service will no longer send packages to the United States. It is the city’s first move in a spiraling conflict between China and the United States that is reordering global shipping routes. President Trump this month …
The New York Times no paywall – “Google acted illegally to maintain a monopoly in some online advertising technology, a federal judge ruled on Thursday, adding to legal troubles that could reshape the $1.88 trillion company and alter its power over the internet. Judge Leonie Brinkema of the U.S. District Court for the Eastern District …
Fair Tax Foundation: “This report, The Silicon Six and their enduring global tax gap, analyses the long- run effective tax rate of the Silicon Six (Alphabet/Google, Amazon, Apple, Meta/Facebook, Microsoft and Netflix) over the past decade. It is a variation of analysis we last undertook in 2019 and 2021. These businesses dominate digital infrastructure and …
Measuring the Income Gap from 1975 to 2023. Carter C. Price. Published Feb 17, 2025 – The author extends prior work to estimate the gap between what workers earned in 2023 and what they would have earned with a more even growth rate from 1975 to 2023. The bottom 90 percent of workers would have …
AI in Banking and Finance, April 15, 2025 – This semi-monthly column by Sabrina I. Pacific highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are …
The New York Times [no paywall] “The White House will soon move to rapidly repeal or freeze rules that affect health, food, workplace safety, transportation and more. At the Department of Health and Human Services, Trump administration officials want to reverse a regulation that has required nursing homes to have more medical staff on duty. …
Grist: “The Trump administration is poised to begin offloading public land, achieving a long-held conservative goal of reducing the government’s footprint in the West. Federal agencies manage around 640 million acres, or about 28 percent of the nation’s land, an invaluable resource Interior Secretary Doug Burgum has called “America’s balance sheet.” His membership in a …
CRS Report – Legal Authority for the President to Impose Tariffs Under the International Emergency Economic Powers Act (IEEPA). April 7, 2025. The International Emergency Economic Powers Act (IEEPA, 50 U.S.C. §§ 1701 et seq.) gives the President broad authorities to address declared emergencies concerning certain “unusual and extraordinary” threats to national security, foreign policy, …
Pew Research Center: “U.S. stock markets have been on a roll since late October, with shares trading at or near record highs. But the booming markets are likely to benefit White families more than families from other racial and ethnic groups. That’s because White families are the most likely to own publicly traded stocks, either …
