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Daily Archives: January 8, 2017

International Trade and Finance: Overview and Issues for the 115th Congress

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 ways, including through oversight of trade policy and consideration of legislation to implement trade agreements and authorize trade programs. Policy issues cover areas such as U.S. trade negotiations; U.S. trade and economic relations with specific regions and countries; international institutions focused on trade; tariff and non tariff barriers; worker dislocation due to trade liberalization; enforcement of trade laws; import and export policies; international investment; economic sanctions; and other trade-related functions of the federal government. Congress also has authority over U.S. financial commitments to international financial institutions and oversight responsibilities for trade-and finance-related agencies of the U.S. government…”

MA Office of Consumer Affairs Business Reg Introduces Web-Based Data Breach Notification Archive “The Office of Consumer Affairs and Business Regulation today announced the online public availability of its Data Breach Notification Archive.  The Massachusetts Data Security Law (M.G.L. c.93H) requires any entity that keeps a Massachusetts resident’s personal information to notify affected residents, the Office of Consumer Affairs and Business Regulation, and the Attorney General’s Office… Continue Reading

Paper – Foreclosure Sales and Recourse

Westrupp, Victor, Foreclosure Sales and Recourse. (September 15, 2016). Available for download at SSRN: “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… Continue Reading

Paper – The Real Effects of NASDAQ Delistings

Liu, Karen, The Real Effects of NASDAQ Delistings (November 14, 2016). Available for download at SSRN: “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… Continue Reading

Office of Government Ethics “has lost contact with Pence-Trump transition”

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… Continue Reading

Report – Food security outcomes deteriorate as Yemen conflict instigates famine

Via The Famine Early Warning Systems Network: “Conflict in Yemen is the primary driver of the largest food security emergency in the world, with 7 to 10 million people in Crisis (IPC Phase 3), or worse, and in need of urgent humanitarian assistance. Of this total, at least two million people are in Emergency (IPC… Continue Reading

Wealth Inequality Among Asian Americans Greater Than Among Whites

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… Continue Reading

Systemically Important or “Too Big to Fail” Financial Institutions

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… Continue Reading

Schedule of Confirmation Hearings for Trump Cabinet Nominees

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… Continue Reading