Money
Why Trump Would Almost Certainly Be Violating the Constitution If He Continues to Own His Businesses
The Emoluments Clause appears in Article I, Section 9 of the Constitution. It bars any "person holding any office of profit or trust under" the United States from accepting any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign state” "without the consent of the Congress." The word "emolument" comes from the Latin emolumentum, meaning profit or gain. more »
Researchers Warn of Financial Risks in Retirement Jobs: Rethink Those SSA Benefit Calculations
In Is Uncle Sam Inducing the Elderly to Retire? a working paper published by the National Bureau of Economic Research, a team that includes Alan Auerbach, a UC Berkeley professor suggests that prospective retirees can forget the Social Security Administration-provided benefit calculations that come in the mail. "They’re completely meaningless," says Auerbach. more »
Some Panic, Other Shrug at Prospect of Losing Obamacare: 80% Are Somewhat or Very Satisfied with Coverage According to Commonwealth Fund Survey
The 20 million Americans who have gained health coverage under the Affordable Care Act don't yet know exactly how the presidency of Donald Trump will change their lives. Right now, one older couple who just retired pays $57 per month for their insurance plan; without the subsidy they receive through the health law, the cost will shoot up to $2,000 a month. "They called me in tears afraid. They would not be hired back at their old jobs and are in poor health." more »
States Aggressively Court Foreign Companies: International Firms Invested $353 Billion in the US economy in 2015
Many states and regions are looking for foreign investors as a way to boost economic growth. At the same time, there is increasing interest among overseas firms in investing in the relatively stable US economy, said Brad McDearman, a nonresident senior fellow at the Brookings Institution who has extensively studied states and cities that have attracted investment by foreign companies. more »