By Dr. Clardy, Economics Professor Ellen Clardy of Houston Baptist University “May you live in interesting times” is a phrase from the 20th century that is often incorrectly attributed to an ancient Chinese expression. Surely, though, it does seem to ring true today, as we are facing the coronavirus, a pandemic that originated in Wuhan,…

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The Securities and Exchange Commission (SEC) is granting certain investment funds and investment advisors extra time to file certain reports with the commission due to the impact of COVID-19. Included within their release, the Commission said, “The health and safety of all participants in the securities markets is of paramount importance, and the Commission recognizes…

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–An Investment Management Advisory from Alston & Bird Fund managers are also being hit hard by stay-at-home and other government orders during the coronavirus pandemic. Our Investment Management Team explores how fund managers stand to benefit from the Paycheck Protection Program through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Which fund managers are…

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By Diane Swonk, Grant Thornton Late last week, my colleague made a difficult decision to cancel a trip home to see her grandparents for her birthday. They are in their 90s and she didn’t want to risk contagion given the growing body of evidence that young adults can be effective carriers of COVID-19 without showing…

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By Diane Swonk, Grant Thornton Payroll employment is expected to rise by 170,000 in January, which will mark a slight pickup from the initially reported 145,000 jobs created in December. The government sector is expected to account for 5,000 of those jobs, which will leave private payrolls rising by 165,000 jobs. We are still waiting…

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By Diane Swonk, Grant Thornton The Consumer Price Index (CPI) rose 0.1% in January or 2.5% from a year ago, its fastest pace in more than a year. Increases in shelter, medical care and transportation costs were only partially offset by a drop in energy prices. Apparel prices rose during the month but are still…

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By Diane Swonk, Grant Thornton The policy landscape in the U.S. has become much like the weather in Chicago; it can change dramatically in the course of a day. That is what happened on January 2. The escalation of tensions with Iran following the killing of a top Iranian general by the U.S. has introduced…

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By Christopher Zaffuto, Baker Tilly The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing the ethical activities of all registered broker-dealer firms and brokers, examines firms for compliance with those rules, fosters market transparency and educates investors. FINRA monitors approximately 3,800 brokerage firms, 160,000 branch offices…

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By Diane C. Swonk, Chief Economist, Grant Thornton Most people assume that incumbents are able to manipulate the economy to avoid a recession in a presidential election year. That is wrong. Recessions or an economy so weak that it might as well have been a recession occurred during more than half of all presidential elections…

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By Erin Scherbert, Baker Tilly In 2014 the Financial Accounting Standards Board (FASB) began monitoring the global reference rate reform initiatives to determine appropriate alternatives to unsecured market benchmarks based on interbank offered rates. As a result of this monitoring initiative, the FASB and the Federal Reserve Bank of New York formed the Alternative Reference…

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