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#The Obama Administration

kiow.com

Senate Unanimously Passes Leahy-Grassley Patents for Humanity Act

On Monday night, the U.S. Senate unanimously passed the Patents for Humanity Program Act of 2022, written and sponsored by Senators Patrick Leahy (D-Vt.) and Chuck Grassley (R-Iowa), sending the bipartisan bill back to the House for final passage. This bill codifies the Patents for Humanity Program, which awards innovators for revolutionary inventions that solve humanitarian development challenges.
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econoday.com

FOMC to lean dovish to moderate; Goolsbee new dove blood?

Named as the Chicago Fed’s next president, Austan Goolsbee will complete Charles Evans’ term which ends on February 28, 2026 and will be eligible for reappointment. Goolsbee has significant public service experience, including a stint as Chair of the President’s Council of Economic Advisers during the Obama Administration. Evans’s voting record placed the outgoing president among the more dovish of Fed policymakers on the FOMC, and Goolsbee is likely to be viewed as a potential dove as well.
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nationalmortgagenews.com

2023 conforming limits are too high, Housing Policy Council argues

A conforming loan limit higher than $1 million is a cause of concern about the future of the real estate finance system, a statement from the Housing Policy Council said. The Federal Housing Finance Agency raised the single-unit ceiling to $726,200 for most of the country, but in certain high cost areas, Fannie Mae and Freddie Mac will be able to purchase mortgages up to $1,089,300, it announced this week.
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White House Veteran Courtney Rowe Joins NBCUniversal

Courtney Rowe, a veteran of both the Obama and Biden administrations, is returning to the entertainment business. Rowe has joined NBCUniversal as SVP, Corporate Communications. She was most recently appointed by President Biden to oversee strategic communications and public engagement for the nation’s response to the COVID-19 pandemic, helping to lead the operation to get 220 million shots in arms in President Biden’s first 100 days.  She also previously served as Special Assistant to the President and Director for Message Planning to President Barack Obama. In between these two jobs, Rowe was VP, Corporate Communications for National Geographic. In the NBCU role, she will manage...
fintechnexus.com

Tsunami alert: Enforcement actions are coming

The following is a guest post by Konrad Alt and Catherine Brown, Klaros Group. Enforcement authority is without question one of the most impactful and feared tools in the toolbox of bank regulators. The economic, reputational, and strategic implications of enforcement action can long outlive the action itself. All financial...
IER

EPA Proposes Exorbitant Estimate for the Social Cost of Carbon

President Biden’s Environmental Protection Agency (EPA) has proposed a new estimate for the social cost of carbon emissions that nearly quadruples the interim figure from the Obama Administration. The Biden administration has been using the Interagency Working Group’s interim value of $51 per metric ton of carbon dioxide, but EPA has proposed increasing it to $190. Agencies use the number in their analyses of the costs and benefits of climate regulation on sources ranging from power plants and automobiles to the oil and gas sector. The higher the social cost of carbon, the easier it is to reject projects involving natural gas, coal and oil. The Trump Administration used a value between $1 and $7 a metric ton. The interim value of $51 per metric ton has raised legal challenges from several states, including Louisiana and Missouri.

Hartford Mayor Luke Bronin will not seek 3rd term

HARTFORD, Conn. — Hartford's Mayor Luke Bronin will not seek a third term. The announcement was made Tuesday on social media, with Bronin sharing his thanks to the Hartford community in a video. "This has not been an easy decision but it's the right one," Bronin said. "The most...
coppercourier.com

5 Things to Know About Governor-Elect Katie Hobbs

Arizona voters picked Secretary of State Katie Hobbs to replace Doug Ducey as their next governor. The Democrat was declared the winner over Republican Kari Lake on Monday, Nov. 14, and will be sworn into office in early January. Republicans have held Arizona’s highest executive office since 2009 when then-Secretary...
employmentlawspotlight.com

Wage and Hour Division Administrator Nominee Advances in the Senate

Today, the Senate Health, Labor, and Pensions Committee voted 13-9 to advance the nomination of Jessica Looman, who has been serving as the top official of the Wage and Hour Division of the U.S. Department of Labor, to be the permanent administrator of the agency. Looman’s nomination has been held in the committee for several months and likely will now progress to a full vote in the Senate before the current Congressional term expires.
belfercenter.org

Global challenges, North American solutions

Initially planned for November 2022, the North American Leaders Summit (NALS), appears set to return on Jan. 9-10, 2023, in Mexico City. As is often the case, U.S. attention is elsewhere — Ukraine, the midterm elections, and runaway inflation — and our own neighborhood has been accorded a lower priority than it deserves. But for many of these same reasons, the meeting is an opportunity for the United States and its region that should not be missed.
vermontbiz.com

Senate unanimously passes Leahy-Grassley Patents for Humanity Act of 2022

Vermont Business Magazine On Monday night, the US Senate unanimously passed the Patents for Humanity Program Act of 2022, written and sponsored by Senators Patrick Leahy (D-Vermont) and Chuck Grassley (R-Iowa), sending the bipartisan bill back to the House for final passage. This bill codifies the Patents for Humanity Program, which awards innovators for revolutionary inventions that solve humanitarian development challenges.
Forbes

Big Tech Will Survive But Not Thrive In Washington, D.C.

Tech is ubiquitous in American society. So are the policymaking efforts to bring Big Tech under control. But big anti-Big ambitions among lawmakers and regulators can often get cut down to size. Tech Was Good Until It Was "Big" It was a different time at the start of the Obama...
constangy.com

DACA’s in trouble, and only Congress may be able to save it

A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit has affirmed a lower court ruling that the Deferred Action for Childhood Arrivals program is invalid. According to the appeals court, the DACA program was created in violation of the Administrative Procedure Act and is inconsistent with provisions of the comprehensive immigration system enacted by Congress.

Cheryl Andrews-Maltais re-elected as Wampanoag Tribe of Gay Head chair

Cheryl Andrews-Maltais was elected to her fifth term as chairperson of the Wampanoag Tribe of Gay Head (Aquinnah) tribal council, news outlets reported Monday. “I am so grateful to have the confidence and support of my people,” Andrews-Maltais said in a press release obtained by the Vineyard Gazette. “Their continued support energizes me and makes the hard work and long hours all worth it.”
Crooked Timber

Another nuclear renaissance? And did environmentalists kill the last one?

There has been a lot of talk lately about a revival of nuclear power, partly in response to the need to replace the energy previously supplied by Russia, and partly as a longer-term response to climate change. To the extent that this means avoiding premature closure of operational nuclear plants, while coal is still operating, this makes sense. But new nuclear power does not.
Yardbarker

Penguins Squeak Out First Win in Chicago Since 2009

It had been over a decade since the Pittsburgh Penguins defeated the Chicago Blackhawks in their home building, and for a moment that streak was close to lasting. The Penguins had a 3-0 lead in the early portion of the second period but allowed a struggling Blackhawks team to claw there way back into the game.