Lawmakers Look to Curb Foreign Influence in State Elections: Would They Bar Political Spending By Businesses In Which Non-US citizens Have a Significant Ownership Stake?
The ride-hailing company Uber, along with its competitor Lyft, together spent $9 million on a 2016 ballot initiative in Austin, Texas, that would have overturned the city’s requirement that drivers for the companies undergo fingerprint-based background checks. The Chinese ride-hailing company Didi invested $100 million in Lyft, and Uber announced a few weeks after the election that Saudi Arabia had secured a 5 percent stake in the company with a $3.5 billion investment. more »
Chairman Yellen: The economy has essentially met the employment portion of our mandate and inflation is moving closer to our 2 percent objective. This outcome suggests that our goal-focused, outlook-dependent approach to scaling back accommodation over the past couple of years has served the US economy well... Indeed, at our meeting later this month, the Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal funds rate would likely be appropriate. more »
Women’s #1 Retirement Priority: Fully Funding Social Security by Implementing Reforms So It Can Continue to Pay Future Generations of Retirees
Findings from the TCRS national survey of working women highlight that few have a high level of confidence about their future retirement. Only one in ten are “very confident” that they will be able to retire comfortably. At the same time, more than half are “guessing” at the amount they will need to save in order to feel secure in retirement. Household retirement savings is $34,000 (estimated median) and more than two-thirds indicate that they have no plan if forced into retirement sooner than expected. more »
A winner of both the Presidential Medal of Freedom (from President Barack Obama, in 2014) and the National Medal of Science (from President George H.W. Bush, in 1990), Dresselhaus was a member of the MIT faculty for 50 years. "Among her many 'firsts,' in 1968, Millie became the first woman at MIT to attain the rank of full, tenured professor. She was the first solo recipient of a Kavli Prize and the first woman to win the National Medal of Science in Engineering." more »