Found 711 article(s) in category 'Regulation'

The Gift of Global Talent: How Migration Shapes Business, Economy & Society

The Gift of Global Talent: How Migration Shapes Business, Economy & Society. William Kerr, 2018, Book, “The global race for talent is on, with countries and businesses competing for the best and brightest. Talented individuals migrate much more frequently than the general population, and the United States has received exceptional inflows of human capital. This foreign talent has transformed U.S. science and engineering, reshaped the economy, and influenced society at large. But America is bogged down in thorny debates on immigration policy, and the world around the United States is rapidly catching up, especially China and India. The future is quite uncertain, and the global talent puzzle deserves close examination.Link

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The Changing Landscape of Auditor Liability

The Changing Landscape of Auditor Liability. Suraj Srinivasan, October 2018, Paper, “We provide a comprehensive overview of shareholder litigation against auditors since the passage of the PSLRA. The number of lawsuits per year has declined, dismissals have increased, and settlements in recent years have declined. Our study asks why. Because we find that the likelihood an auditor is sued following a severe restatement has significantly declined in recent years, it does not appear that the decline can be attributed solely to increases in audit quality. Instead, we consider whether the recent wave of Supreme Court cases limiting the scope of Rule 10b-5 against private actors may have led to the decline. To study this possibility, we focus on the Supreme Court’s 2007 and 2011 rulings in Tellabs v. Makor and Janus v. First Derivative, respectively.Link

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Trade Shifts Pollution More than Regs Shift Trade

Trade Shifts Pollution More than Regs Shift Trade. Joseph Aldy, September/October 2018, Paper, “Burning coal to power manufacturing
contributes to premature mortality in the United States and in developing countries alike. Despite stringent environmental regulations, U.S. coal-fired power plants still cause tens of thousands of early deaths each year. Any factor that causes manufacturing activity to shift from the United States to other countries can also shift the demand for coal-fired power — and its pollution — to these other countries.Link

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Responding to the Global Financial Crisis, What We Did and Why We Did It

Responding to the Global Financial Crisis, What We Did and Why We Did It – The Fiscal Response to the Great Recession: Steps Taken, Paths Rejected, and Lessons for Next Time. Jason Furman, September 11, 2018, Paper, “The fiscal response to the Great Recession started when President Bush signed the Economic Stimulus Act of 2008 on February 13, 2008 and finished when the payroll tax cut enacted under President Obama expired at the end of 2012. Congress enacted at least 18 different laws that explicitly included discretionary fiscal stimulus totaling over $1.5 trillion during those five years, with about half of that coming from the American Recovery and Reinvestment Act signed into law by Obama on February 17th 2009.2LInk

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Dodd-Frank regulations good and bad for financial system, Harvard director says

Dodd-Frank regulations good and bad for financial system, Harvard director says. Hal Scott, September 11, 2018, Video, “Hal Scott, director of the program on International Financial Systems at Harvard Law School, and Sebastian Mallaby, the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations, discuss what triggered the financial crisis in 2008 and if we are safe from another.Link

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Crash Time

Crash Time. Kenneth Rogoff, September 7, 2018, Opinion, “A decade after the collapse of Lehman Brothers and the start of the global financial crisis, it is clear that many lessons have been learned, while many economic misconceptions remain embedded in the public consciousness. If economic history teaches us anything, it is to be mindful of our own limitations in a world of infinite uncertainties.Link

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Transition towards higher penetration of renewables: an overview of interlinked technical, environmental and socio-economic challenges

Transition towards higher penetration of renewables: an overview of interlinked technical, environmental and socio-economic challenges. Michael McElroy, August 24, 2018, Paper, “Investment for renewables has been growing rapidly since the beginning of the new century, and the momentum is expected to sustain in order to mitigate the impact of anthropogenic climate change. Transition towards higher renewable penetration in the power industry will not only confront technical challenges, but also face socio-economic obstacles. The connected between environment and energy systems are also tightened under elevated penetration of renewables. This paper will provide an overview of some important challenges related to technical, environmental and socio-economic aspects at elevated renewable penetration. An integrated analytical framework for interlinked technical, environmental and socio-economic systems will be presented at the end.Link

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Has China’s economic reform already peaked?

Has China’s economic reform already peaked? Dwight Perkins, August 21, 2018, Opinion, “The move from a centrally planned economy to a market economy is more complex than often assumed. When countries in Eastern Europe and the former Soviet Union began to transition to market economies in 1989, many economic advisors thought there was little more to it than freeing up goods and services to be sold at market-determined prices and privatising state-owned enterprises.Link

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Six Months Isn’t ‘Long Term’

Six Months Isn’t ‘Long Term’. Robert Pozen, Mark Roe, August 20, 2018, Opinion, “President Trump tweeted on Friday that he had directed the Securities and Exchange Commission to study a suggestion from a business leader, later revealed as outgoing Pepsi CEO Indra Nooyi: “Stop quarterly reporting & go to a six month system.” The popular…Link

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