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“The Bank for International Settlements (BIS) today released international banking statistics at end-September 2014. International banking activity continued to expand in the third quarter of 2014. The $493 billion quarterly expansion in global cross-border claims boosted the annual growth rate to about 5% at end-September 2014 from 1% at end-June 2014. The increase in cross-border …
Working Papers: Global dollar credit: links to US monetary policy and leverage Secular stagnation, debt overhang and other rationales for sluggish growth, six years on Credit booms: implications for the public and the private sector Trilemmas and trade-offs: living with financial globalisation Understanding the role of debt in the financial system
Focus on Inequality and Growth – OECD – December 2014. Directorate for Employment, Labour and Social Affairs. “Widespread increases in income inequality have raised concerns about their potential impact on our societies and economies. New OECD research shows that when income inequality rises, economic growth falls. One reason is that poorer members of society are …
Covington, Howard and Thamotheram, Raj, The Case for Forceful Stewardship (Part 1): The Financial Risk from Global Warming (January 19, 2015). Available for download at SSRN: http://ssrn.com/abstract=2551478 “If it reaches 4° or more, global warming may cause severe economic damage with the consequence that a significant portion of the value of a diversified equity investment …
Oxfam International Report: “Global wealth is increasingly concentrated in the hands of a small wealthy elite. These wealthy individuals have generated and sustained their vast riches through their interests and activities in a few important economic sectors, including finance and insurance and pharmaceuticals and healthcare. Companies from these sectors spend millions of dollars every year …
IRRC Institute and Organizational Capital Partners – November 17, 2014 – “For the vast majority of S&P 1500 companies, there is a major disconnect between corporate operating performance, shareholder value and incentive plans for executives. New research details how an over-reliance on traditional short-term accounting metrics and total shareholder return obscures a line of sight …
“This is the first of a two-part review of the way in which certain network structures create advantage. I focus on replicated research results (occasionally presenting new results that link replicated results) concerning the two core principles about network advantage: brokerage and closure. This first part is about brokerage. The argument is that information and …
White House FACT SHEET: A Simpler, Fairer Tax Code That Responsibly Invests in Middle Class Families “Middle class families today bear too much of the tax burden because of unfair loopholes that are only available to the wealthy and big corporations. In his State of the Union address, the President will outline his plan to …
“The Office of the Comptroller of the Currency (OCC) issued today the “Litigation and Other Legal Matters” booklet of the Comptroller’s Handbook. This revised booklet replaces the booklet of the same title issued in February 2000. The revised booklet provides guidance to examiners assessing a bank’s litigation exposures, associated risks, and risk management practices. The …
Mark J. Mazur – 1/16/2015 – “Today, the Vice President spoke about the importance of investing in our infrastructure. These important investments would not add a dime to the deficit — they would be paid for by implementing another priority for the Administration, namely reforming our broken business tax system. Revenue-neutral business tax reform would …
Southern Education Foundation: A New Majority – Low Income Students Now a Majority In the Nation’s Public Schools, January, 2015. “Low income students are now a majority of the schoolchildren attending the nation’s public schools, according to this research bulletin. The latest data collected from the states by the National Center for Education Statistics (NCES), show that 51 percent …
Urban Institute – Linda J. Blumberg, Matthew Buettgens, John Holahan. The Implications of a Supreme Court Finding for the Plaintiff in King vs. Burwell: 8.2 Million More Uninsured and 35% Higher Premiums, January 8, 2015. “The Supreme Court will hear the King v. Burwell case, in which the plaintiff argues that the ACA prohibits payment of premium tax …
