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Category Archives: Financial System

Hundreds of rules and proposed regs frozen or jettisoned by Trump administration

The Washington Post – “…The Trump administration said it was pulling or suspending 860 pending regulations. Of those, 469 were being completely withdrawn. Another 391 were being set aside or reevaluated. These proposed regulations could be revisited at some point or dropped altogether…“These rollbacks of critical public protections will leave American workers, consumers and children vulnerable on a daily basis,” said Amit Narang, regulatory policy advocate for Public Citizen’s Congress Watch division, “to risks such as air and water pollution, unsafe products and tainted food, dangerous workplaces and a newly deregulated Wall Street that once again could threaten economic collapse.”

OMB – “The Trump Administration’s Unified Agenda of Regulatory and Deregulatory Actions provides an updated report on the actions administrative agencies plan to issue in the near and long term. Prepared by the Office of Information and Regulatory Affairs, this Agenda represents the beginning of fundamental regulatory reform and a reorientation toward reducing unnecessary regulatory burden on the American people.  By amending and eliminating regulations that are ineffective, duplicative, and obsolete, the Administration can promote economic growth and innovation and protect individual liberty. Fulfilling longstanding principles to review and assess existing regulations, the Agenda includes the withdrawal and reconsideration of numerous regulatory actions. Agencies have committed to careful assessment of the costs and benefits of each regulatory and deregulatory action, and to prioritizing the maximization of net benefits of regulations…Executive Orders 13771 and 13777 require agencies to reduce unnecessary regulatory burden and to enforce regulatory reform initiatives…

  • Agencies withdrew 469 actions proposed in the Fall 2016 Agenda;
  • Agencies reconsidered 391 active actions by reclassifying them as long-term (282) and inactive (109), allowing for further careful review;
  • Economically significant regulations fell to 58, or about 50 percent less than Fall 2016…”

Public Citizen Report, July 19, 2017 – “…Six months after his inauguration, Trump’s anti-industry bluster has largely dissipated. Trump immediately backtracked on his promised to crack down on lobbyists, choosing to staff much of his administration with them. Likewise, Trump turned to Goldman Sachs, Lockheed Martin, Boeing, OneWest Bank and numerous corporate law firms to fill key posts. In this report, we look at 11 key sectors in which the Trump administration is helping big corporations advance their agenda. This list is not comprehensive, but illustrative of the corporate giveaways now coming to pass…”

The Myth and the Cost of Drug Expiration Dates

Investigative research and report by PrpPublica and NPR’s Shots Blog: “Hospitals and pharmacies are required to toss expired drugs, no matter how expensive or vital. Meanwhile the FDA has long known that many remain safe and potent for years longer…The dates on drug labels are simply the point up to which the Food and Drug Administration… Continue Reading

New Jane Austen £10 note unveiled

The Telegraph -“The new, polymer £10 note is being unveiled by Bank of England governor Mark Carney on Tuesday. This marks the 200th anniversary of the death of Jane Austen, who features on the new bank note. Austen will be the only woman – apart from the Queen – to be featured on an English bank note, following… Continue Reading

Pew – Globally, More Name U.S. Than China as World’s Leading Economic Power

“The past decade has witnessed significant changes in the global economy as many nations around the world have struggled with the Great Recession and its aftereffects. While the United States and other relatively wealthy Western nations have slowly bounced back from the crisis, economic growth rates have been low compared with those of China, India… Continue Reading

2017 Annual Report – Board of Trustees of Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds

The 2017 OASDI Trustees Report, officially called “The 2017 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds,” [other wise known as Social Security] presents the current and projected financial status of the trust funds.” The bad news just continues to grow – US… Continue Reading

New Report Reveals Google’s Extensive Financial Support for Academia

News release: [July 11, 2017] Campaign for Accountability released a new report, Google Academics Inc., revealing Google’s extensive financial support for academics and policy experts.  CfA identified 329 research papers published between 2005 and 2017 on public policy matters of interest to Google that were in some way funded by the company. Read the report… Continue Reading

Foreign Direct Investment in the United States: An Economic Analysis

CRS report via FAS – Foreign Direct Investment in the United States: An Economic Analysis, James K. Jackson, Specialist in International Trade and Finance. June 29, 2017. “Foreign direct investment in the United States in 2015 increased by 83% over that recorded in 2014. (Note: The United States defines foreign direct investment as the ownership… Continue Reading

WSJ ceases publishing blogs on law, economy, arts

NeimanLab: “On the heels of ending its news digest app and fine-tuning its push notification strategy, The Wall Street Journal shut down eight blogs on Monday [July 3, 2017]. Their topics ranged from legal news to the Chinese economy to arts, culture, and entertainment. The shutterings were another condensation of platforms in the Wall Street… Continue Reading

UK’s Independent Factchecking Site

“Full Fact is the UK’s independent factchecking charity. We provide free tools, information and advice so that anyone can check the claims we hear from politicians and the media…In its short history, Full Fact has significantly improved the accuracy of public debate. We publish factchecks and secure corrections, but we also champion a culture in… Continue Reading

Global Forecasting Service – The Economist Intelligence Unit

The Economist – Global Forecasting Service. This is free portion of a fee based service that is updated regularly – covering the World, North America, Europe, Asia & Australia, Latin America, Middle East & Africa. Continue Reading

OECD – International Migration Outlook 2017

“The International Migration Outlook 2017 [free version online, June 28, 2017], the 41st edition of this annual OECD publication, analyses recent developments in migration movements and policies in OECD countries and selected non-member countries. Where relevant, it examines the impact of the recent increase in humanitarian migration. It looks at the evolution of the labour… Continue Reading

IMF – Millennials and the Future of Work

IMF Finance and Development Report, June 2017 (64 pages, PDF): Includes – The Future of Work, Arun Sundararajan – The digital economy will sharply erode the traditional employer-employee relationship Continue Reading