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Category Archives: Financial System

Sentieo Trump Tracker: Follow The President’s Impact on Your Investment

Senteio Blog: “Today, we are excited to introduce the Trump Tracker. It’s a bot that constantly scans new public financial documents for mentions of President Trump. These documents include all SEC filings, conference call transcripts, investor presentations, press releases, and more. The bot instantly surfaces new mentions of Trump as soon as they’re published, while intelligent queries automatically sort them into topics like Obamacare, Mexico, and NAFTA. Anyone interested in following the administration’s impact on public companies can engage with the Trump Tracker by checking the dedicated website, following the @trumptrackerbot Twitter account, or signing up for a daily email alert on the site. The Trump Administration is Now a Stated Risk Factor for Public Companies When we last wrote about the Trump administration at the end of January, we noted that the markets paid six times as much attention to the new president’s policies as compared to those of President Obama over a comparable time period. Sixty days after President Trump moved into the White House, we see that trend continuing. The number of regulatory filings mentioning President Trump sharply increased after Inauguration Day on January 20th. We measure a total of over 1750 filings mentioning President Trump from January 20th through March 22nd, 939 of which are SEC documents. There is a significant change in the tenor of those mentions as well. We see references to President Trump shifting from high-level comments to more formal statements in the “Risk Factors” disclosure sections of SEC filings. Overall, 60% of references to President Trump within SEC filings are in the “Risk Factors” section. This is a substantial increase from the less than 15% we observed during the presidential campaign. This trend is even more pronounced in the healthcare industry, where we find that 85% of mentions since Inauguration Day were contained in these sections.”

How WSJ visualized 500+ conflicts of interest of The Trumps

Storybemch explainer: “The Wall Street Journal recently published an interactive graphic showing the Trump family’s more than 500 potential conflicts of interest. In it, a galaxy of dots and lines show the complicated relationships between Trump, his children and a complex network of business holdings. Storybench spoke with Joel Eastwood, the reporter, and Julia Wolfe, the graphic designer,… Continue Reading

H.R. 1628, American Health Care Act, incorporating manager’s amendments 4, 5, 24, and 25

Follow up to previous postings pertaining to the repeal and replacement of the Affordable Care Act, today’s revised cost estimate remains grim: “CBO and the staff of the Joint Committee on Taxation (JCT) have prepared an estimate of the direct spending and revenue effects of H.R. 1628, the American Health Care Act, as posted on… Continue Reading

Brookings – Mortality and morbidity in the 21st century

“The states with the highest mortality rates from drugs, alcohol and suicide, among white non-Hispanics aged 45-54, are geographically scattered. In 2000, the epidemic was centered in the southwest. By the mid-2000s it had spread to Appalachia, Florida, and the west coast. Today, it’s country-wide. The authors suggest that the increases in deaths of despair… Continue Reading

Politico – Federal staffers panicked by conservative media attacks

Politico – A spate of stories in Breitbart and other outlets have singled out individual career employees, questioning their loyalty to Trump – “Conservative news outlets, including one with links to a top White House official, are singling out individual career government employees for criticism, suggesting in articles that certain staffers will not be sufficiently… Continue Reading

House GOP amended health care bill, but CBO estimates of coverage losses are not likely to meaningfully improve

Follow up to previous postings included in CBO Health Score – 14 million more uninsured next year under GOP plan – via Brookings – “Late Monday night (March 20, 2017) Republican leaders unveiled a “manager’s amendment” that makes several changes to the American Health Care Act (AHCA). The House is currently scheduled to vote on… Continue Reading

Official Corruption Prosecutions Decline: February 2017

“The latest available data from the Justice Department show that during February 2017, the first complete month under the new Trump Administration, there were only 24 new official corruption prosecutions filed by federal prosecutors. During the last two fiscal years of the Obama Administration, federal prosecutors filed an average of 43 official corruption cases each… Continue Reading

National Bank Charters for Fintech: Back to the Future?

National Bank Examiner: “After a long and deliberate process of soliciting public input through multiple discussion documents and a forum on responsible innovation, Tom Curry, the Comptroller of the Currency, has just released his agency’s draft Licensing Manual Supplement called Evaluating Charter Applications from Financial Technology Companies and a companion document titled OCC Summary of… Continue Reading

Retirement Policy Directions in 2017 and Beyond

Retirement Policy Directions in 2017 and Beyond, February 2017, Vol. 38, No. 4, Employee Benefit Research Institute, 2017. “With a new Congress and a new president in Washington, how are U.S. retirement policies likely to change? Possibly quite radically, and for two main reasons. First, because of the new majority’s plans to overhaul the entire… Continue Reading

Paper – Ranking New York’s Banks

Brescia, Raymond H. and Scunziano, Ralph, Ranking New York’s Banks: Comparing the Products and Services of the Nineteen Largest Banks Serving Consumers in the Empire State (March 20, 2017). Albany Law School Research Paper No. 12. Available at SSRN: https://ssrn.com/abstract=2937793 “New York State is one of the financial capitals of the world, and individual consumers… Continue Reading

Paper – Carbon Taxation by Regulation

Rossi, Jim, Carbon Taxation by Regulation (March 20, 2017). Minnesota Law Review, Vol. 102 (2018 Forthcoming). Available at SSRN: https://ssrn.com/abstract=2937783 “This Article argues that, even though a carbon tax remains politically elusive, “carbon taxation by regulation” has begun to flourish as a way of financing carbon reduction. For more than a century, energy rate setting… Continue Reading

Banking Standards Board Statement of Good Practice

“The Banking Standards Board has today (Tuesday 28 February 2017) published good practice guidance for banks and building societies putting in place procedures to assess the fitness and propriety of staff under the new Certification Regime. Download the Statement of Good Practice 1 on the Certification Regime: Fitness and Propriety Assessment Principles  and Supporting Guidance to Statement… Continue Reading