Turning Wages into Capital Differentiation on the Market for Unsecured Loans in the United States, 1900-1945

2021 ◽  
pp. 1-36
Author(s):  
Simon Bittmann
Keyword(s):  
United States ◽  
New York ◽  
Financial Markets ◽  
Legal Status ◽  
State Level ◽  
The United States ◽  
Historical Comparison ◽  
The New Deal ◽  
Crossing Point ◽  
Do So

Abstract In this article, we show how interpretive battles about compliance can lead to regulatory differentiation and, in turn, market segmentation. To do so, we study the evolution of unsecured lending in the United States, between 1900 and 1945. In the early 20th century, a large segment of the workforce relied on their wages to access credit: this required the “legal coding” of labor income into capital, where lenders would offer advances in exchange for a lien over future revenues. Regulating these transactions raised conflicts between Progressive reformers, lenders and, after 1929, federal regulators, which spanned over five decades. The historical comparison of three states—Illinois, New York and Georgia—, shows that local discussions revolved around three outcomes—legal status, pricing method and collateralization—, the issue of which led to distinct regulatory paths and market configurations at the state level. Finally, the New Deal policies created an additional strand of federal coding, furthering market divides between unregulated payday lenders, non-bank credit companies, and commercial banks. On financial markets, discussions about compliance often revolve around calculative technologies, and we suggest this as a possible crossing point between STS analyses of capitalization devices and Pistor’s theory of capital modulation.

Explosions

2018 ◽  
Author(s):  
E. Douglas Bomberger
Keyword(s):  
United States ◽  
New York ◽  
Puerto Rico ◽  
The United States ◽  
Woodrow Wilson ◽  
One Step ◽  
Do So ◽  
Laws And Regulations

On 2 April 1917, President Woodrow Wilson urged Congress to enter the European war, and Congress voted to do so on Friday, 6 April. On the 15th of that month, Victor released the Original Dixieland Jazz Band’s record of “Livery Stable Blues” and “Dixieland Jass Band One-Step”; it caused an immediate nationwide sensation. James Reese Europe travelled to Puerto Rico in search of woodwind players for the Fifteenth New York Regiment Band, and the Creole Band ended its vaudeville career when it missed the train to Portland, Maine. German musicians in the United States came under increased scrutiny in the weeks after the declaration of war, as the country prepared to adopt new laws and regulations for wartime.

Framing Egg Donation at the State Level

2018 ◽  
pp. 80-113
Author(s):  
Erin Heidt-Forsythe
Keyword(s):  
United States ◽  
New York ◽  
Narrative Analysis ◽  
State Level ◽  
The United States ◽  
The State ◽  
Egg Donation ◽  
Policy Area ◽  
Case Selection ◽  
Unique System

This chapter begins a response to the questions of what creates the unique system of egg donation regulations by examining the ways that stakeholders—legislators, advocates, scientists, and invested citizens—frame the issue of egg donation in reproduction and research. I explore one policy area of egg donation politics in the United States, compensation in California, New York, Arizona, and Louisiana between 1990 and 2010. This chapter explores and illuminates framing processes about egg donation through explaining the method of policy narrative analysis, case selection, and political contexts in each state.

scholarly journals Robber Barons Redux: Antimonopoly Reconsidered

2012 ◽  
Vol 13 (1) ◽  
pp. 1-38 ◽  
Author(s):  
Richard R. John
Keyword(s):  
United States ◽  
New York ◽  
New York City ◽  
Financial Markets ◽  
York City ◽  
Presidential Address ◽  
The United States ◽  
Business History ◽  
History Of ◽  
Robber Barons

The antimonopoly critique of big business that flourished in the United States during the 1880s is a neglected chapter in the history of American reform. In this essay, a revised version of Richard R. John's 2011 Business History Conference presidential address, John shows how this critique found expression in a gallery of influential cartoons that ran in the New York City–based satirical magazines Puck and Judge. Among the topics that the cartoonists featured was the manipulation of the nation's financial markets by financier Jay Gould.

scholarly journals Statelessness in the United States: A Study to Estimate and Profile the US Stateless Population

2020 ◽  
Vol 8 (2) ◽  
pp. 150-213
Author(s):  
Donald Kerwin ◽  
Daniela Alulema ◽  
Michael Nicholson ◽  
Robert Warren
Keyword(s):  
United States ◽  
At Risk ◽  
New York ◽  
Legal Status ◽  
The United States ◽  
Census Bureau ◽  
Executive Summary ◽  
Public And Private ◽  
Data Limitations ◽  
The Us

Executive Summary In October 2017, the Center for Migration Studies of New York (CMS) initiated a study to map the stateless population in the United States. This study sought to: Develop a methodology to estimate the US stateless population; Provide provisional estimates and profiles of persons who are potentially stateless or potentially at risk of statelessness in the United States; Create a research methodology that encouraged stateless persons to come forward and join a growing network of persons committed to educating the public on and pursuing solutions to this problem; and Establish an empirical basis for public and private stakeholders to develop services, programs, and policy interventions to prevent and reduce statelessness (UNHCR 2014g, 6), and to safeguard the rights of stateless persons ( UNHCR 2014d ). This report describes a unique methodology to produce estimates and set forth the characteristics of US residents who are potentially stateless or potentially at risk of statelessness. The methodology relies on American Community Survey (ACS) data from the US Census Bureau, supplemented by very limited administrative data on stateless refugees and asylum seekers. 1 As part of the study, CMS developed extensive, well-documented profiles of non–US citizen residents who are potentially stateless or potentially at risk of statelessness. It then used these profiles to query ACS data to develop provisional estimates and determine the characteristics of these populations. The report finds that the population in the United States that is potentially stateless or potentially at risk of statelessness is larger and more diverse than previously assumed, albeit with the caveat that severe data limitations make it impossible to provide precise estimates of this population. Stateless determinations require individual screening, which the study could not undertake. Individuals deemed potentially stateless or potentially at risk of statelessness in this report may in fact have been able to secure nationality in their home countries or in third countries. They may also be on a path to citizenship in the United States, although nobody in CMS’s estimates had yet to obtain US citizenship. According to CMS’s analysis, roughly 218,000 US residents are potentially stateless or potentially at risk of statelessness. These groups live in all 50 states, 2 with the largest populations in California (20,600), New York (18,500), Texas (15,200), Ohio (13,200), Minnesota (11,200), Illinois (8,600), Pennsylvania (8,200), Wisconsin (7,300), Georgia (6,600), and Virginia (6,500). The report recommends ways to improve data collection and, thus, develop better estimates in the future. It also lifts up the voices and challenges of stateless persons, and outlines steps to reduce statelessness and safeguard the rights of stateless persons in the United States. As it stands, the paucity of reliable federal data on the stateless, the lack of a designated path to legal status for them under US law, and the indifference of government agencies contribute to the vulnerability and isolation of these populations.

scholarly journals Impact and Effectiveness of State-Level Tuberculosis Interventions in California, Florida, New York, and Texas: A Model-Based Analysis

2019 ◽  
Vol 188 (9) ◽  
pp. 1733-1741 ◽  
Author(s):  
Sourya Shrestha ◽  
Sarah Cherng ◽  
Andrew N Hill ◽  
Sue Reynolds ◽  
Jennifer Flood ◽  
...  
Keyword(s):  
United States ◽  
New York ◽  
Adult Population ◽  
State Level ◽  
The United States ◽  
Homeless Persons ◽  
Preventive Therapy ◽  
Hiv Positive ◽  
Populations At Risk ◽  
The Impact

Abstract The incidence of tuberculosis (TB) in the United States has stabilized, and additional interventions are needed to make progress toward TB elimination. However, the impact of such interventions depends on local demography and the heterogeneity of populations at risk. Using state-level individual-based TB transmission models calibrated to California, Florida, New York, and Texas, we modeled 2 TB interventions: 1) increased targeted testing and treatment (TTT) of high-risk populations, including people who are non–US-born, diabetic, human immunodeficiency virus (HIV)-positive, homeless, or incarcerated; and 2) enhanced contact investigation (ECI) for contacts of TB patients, including higher completion of preventive therapy. For each intervention, we projected reductions in active TB incidence over 10 years (2016–2026) and numbers needed to screen and treat in order to avert 1 case. We estimated that TTT delivered to half of the non–US-born adult population could lower TB incidence by 19.8%–26.7% over a 10-year period. TTT delivered to smaller populations with higher TB risk (e.g., HIV-positive persons, homeless persons) and ECI were generally more efficient but had less overall impact on incidence. TTT targeted to smaller, highest-risk populations and ECI can be highly efficient; however, major reductions in incidence will only be achieved by also targeting larger, moderate-risk populations. Ultimately, to eliminate TB in the United States, a combination of these approaches will be necessary.

scholarly journals Excess Cerebrovascular Mortality in the United States During the COVID-19 Pandemic

Stroke ◽  
2021 ◽  
Vol 52 (2) ◽  
pp. 563-572
Author(s):  
Richa Sharma ◽  
Lindsey R. Kuohn ◽  
Daniel M. Weinberger ◽  
Joshua L. Warren ◽  
Lauren H. Sansing ◽  
...  
Keyword(s):  
United States ◽  
New York ◽  
New York City ◽  
York City ◽  
State Level ◽  
The United States ◽  
Vascular Pathology ◽  
Health Measures ◽  
Specific Mortality ◽  
Health Statistic

Background and Purpose: The magnitude and drivers of excess cerebrovascular-specific mortality during the coronavirus disease 2019 (COVID-19) pandemic are unknown. We aim to quantify excess stroke-related deaths and characterize its association with social distancing behavior and COVID-19–related vascular pathology. Methods: United States and state-level excess cerebrovascular deaths from January to May 2020 were quantified using National Center for Health Statistic data and Poisson regression models. Excess cerebrovascular deaths were analyzed as a function of time-varying stroke-related emergency medical service (EMS) calls and cumulative COVID-19 deaths using linear regression. A state-level regression analysis was performed to determine the association between excess cerebrovascular deaths and time spent in residences, measured by Google Community Mobility Reports, during the height of the pandemic after the first COVID-19 death (February 29). Results: Forty states and New York City were included. Excess cerebrovascular mortality occurred nationally from the weeks ending March 28 to May 2, 2020, up to a 7.8% increase above expected levels during the week of April 18. Decreased stroke-related EMS calls were associated with excess stroke deaths one (70 deaths per 1000 fewer EMS calls [95% CI, 20–118]) and 2 weeks (85 deaths per 1000 fewer EMS calls [95% CI, 37–133]) later. Twenty-three states and New York City experienced excess cerebrovascular mortality during the pandemic height. A 10% increase in time spent at home was associated with a 4.3% increase in stroke deaths (incidence rate ratio, 1.043 [95% CI, 1.001–1.085]) after adjusting for COVID-19 deaths. Conclusions: Excess US cerebrovascular deaths during the COVID-19 pandemic were observed and associated with decreases in stroke-related EMS calls nationally and mobility at the state level. Public health measures are needed to identify and counter the reticence to seeking medical care for acute stroke during the COVID-19 pandemic.

The Legal Status of Agreements Concluded by Component Units of Federal States with Foreign Entities

1979 ◽  
Vol 16 ◽  
pp. 197-229
Author(s):  
Luigi Di Marzo
Keyword(s):  
United States ◽  
Federal Republic ◽  
United States Of America ◽  
Legal Status ◽  
The United States ◽  
Federal Republic Of Germany ◽  
Federal States ◽  
Swiss Cantons ◽  
Canadian Provinces ◽  
Do So

The canadian provinces, the länder of the Federal Republic of Germany, the Swiss cantons, and the states of the United States of America have all concluded numerous agreements with foreign entities. Although great attention has been paid to their capacity to do so, not much attention has been paid to the legal status of these agreements. In particular, authors have tended to ignore their binding character and the law applicable to them. These issues will, therefore, now be considered.

scholarly journals An Evaluation of the Vulnerable Physician Workforce in the United States During the Coronavirus Disease-19 Pandemic

2020 ◽  
Author(s):  
Rohan Khera ◽  
Lovedeep Singh Dhingra ◽  
Snigdha Jain ◽  
Harlan M Krumholz
Keyword(s):  
United States ◽  
New York ◽  
State Level ◽  
The United States ◽  
Adverse Outcomes ◽  
Physician Workforce ◽  
Median Proportion ◽  
The Us ◽  
State Medical Boards ◽  
Age Over 60

BackgroundThe coronavirus disease-19 (COVID-19) pandemic threatens to overwhelm the healthcare resources of the country, but also poses a personal hazard to healthcare workers, including physicians. To address the potential impact of excluding physicians with a high risk of adverse outcomes based on age, we evaluated the current patterns of age of licensed physicians across the United States.MethodsWe compiled information from the 2018 database of actively licensed physicians in the Federation of State Medical Boards (FSMB) across the US. Both at a national- and the state-level, we assessed the number and proportion of physicians who would be at an elevated risk due to age over 60 years.ResultsOf the 985,026 licensed physicians in the US, 235857 or 23.9% were aged 25-40 years, 447052 or 45.4% are 40-60 years, 191794 or 19.5% were 60-70 years, and 106121 or 10.8% were 70 years or older. Age was not reported in 4202 or 0.4% of physicians. Overall, 297915 or 30.2% of physicians were 60 years of age or older, 246167 (25.0%) 65 years and older, and 106121 (10.8%) 70 years or older. States in the US reported that a median 5470 licensed physicians (interquartile range [IQR], 2394 to 10108) were 60 years of age or older. Notably, states of North Dakota (n=1180) and Vermont (n = 1215) had the lowest and California (n=50786) and New York (n=31582) the highest number of physicians over the age of 60 years (Figure 1). Across states, the median proportion of physicians aged 60 years and older was 28.9% (IQR, 27.2%, 31.4%), and ranged between 25.9% for Nebraska to 32.6% for New Mexico (Figure 2).DiscussionOlder physicians represent a large proportion of the US physician workforce, particularly in states with the worst COVID-19 outbreak. Therefore, their exclusion from patient care will be impractical. Optimizing care practices by limiting direct patient contact of physicians vulnerable to adverse outcomes from COVID-19, potentially by expanding their participation in telehealth may be a strategy to protect them.

scholarly journals Improved measurement of racial/ethnic disparities in COVID-19 mortality in the United States

2020 ◽  
Author(s):  
Joshua R. Goldstein ◽  
Serge Atherwood
Keyword(s):  
United States ◽  
New York ◽  
National Level ◽  
Ethnic Disparities ◽  
State Level ◽  
The United States ◽  
Estimation Methods ◽  
Death Rates ◽  
Population Distributions ◽  
Racial Ethnic

AbstractDifferent estimation methods produce diverging accounts of racial/ethnic disparities in COVID-19 mortality in the United States. The CDC’s decision to present the racial/ethnic distribution of COVID-19 deaths at the state level alongside re-weighted racial/ethnic population distributions—in effect, a geographic adjustment—makes it seem that Whites have the highest death rates. Age adjustment procedures used by others, including the New York City Department of Health and Mental Hygiene, lead to the opposite conclusion that Blacks and Hispanics are dying from COVID-19 at higher rates than Whites. In this paper, we use indirect standardization methods to adjust per-capita death rates for both age and geography simultaneously, avoiding the one-sided adjustment procedures currently in use. Using CDC data, we find age-and-place-adjusted COVID-19 death rates are 80% higher for Blacks and more than 50% higher for Hispanics, relative to Whites, on a national level, while there is almost no disparity for Asians. State-specific estimates show wide variation in mortality disparities. Comparison with non-epidemic mortality reveals potential roles for pre-existing health disparities and differential rates of infection and care.

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