US insider trading rules will clash with deregulation

Subject Salman v United States. Significance The Supreme Court ruled in Salman v United States on December 6 that inside traders may still be liable for insider trading crimes even when no actual quid pro quo exchange between insiders took place. This ruling rejected an earlier interpretation by the US Court of Appeals in New York, which threatened to make prosecutions for insider trading more difficult. This decision comes as the incoming administration of President-elect Donald Trump pledges to overhaul the financial regulatory efforts of the Obama administration, a politically fraught proposition. Impacts The Trump administration may pursue selective enforcement of financial wrongdoing without accompanying structural reform. The Democrats will seek to build a narrative of a ‘business-as-usual’ Republican government in response to its deregulation push. New York state and local officials’ regulatory clout over the financial sector will give them national and international influence.

1925 ◽  
Vol 19 (4) ◽  
pp. 693-706
Author(s):  
Joseph McGoldrick

Home rule in the United States has for many years been confined to the states west of the Mississippi. As late as 1920 Ohio and Michigan were the only eastern states giving their cities autonomy. Since that date, however, there has appeared a tendency in the larger urban industrial states to treat cities more generously. New York in 1923 and Pennsylvania in 1924 have now joined the ranks of home-rule states. But many of the largest states, for example, Illinois, still give no such power to their municipalities, while in Massachusetts it can still be said that cities have the same legal status as “an infant, an idiot or a lunatic.”The addition of New York to this group has just been rendered certain. On September 2, the court of appeals of the state rendered a unanimous decision declaring the home-rule amendment to have been validly adopted. This ended two months of uncertainty caused by the decision of the appellate division of the supreme court in New York City that the home-rule amendment was not validly a part of the constitution and that all state and local legislation passed under its aegis was void.


2020 ◽  
Author(s):  
Keisuke Ejima ◽  
Kevin Maki ◽  
Lilian Golzarri-Arroyo ◽  
David B. Allison

The White House issued Guidelines for Opening Up America Again to help state and local officials when reopening their economies. These included a 'downward trajectory of positive tests as a percent of total tests within a 14-day period.' To examine this rule, we computed the probability of observing continuous decline in positivity when true positivity is in decline using data-driven simulation. Data for COVID-19 positivity reported in New York state from April 14 to May 5, 2020, where a clear reduction was observed, were used. First, a logistic regression model was fitted to the data, considering the fitted values as true positivity. Second, we created observed positivity by randomly selecting 25,000 people per day from a population with those true positivity for 14 days. The simulation was repeated 1,000 times to compute the probability of observing a consecutive decline. As sensitivity analyses, we performed the simulation with different daily numbers of tests (10 to 30,000) and length of observation (7 and 21 days). We further used daily hospitalizations as another metric, using data from the state of Indiana. With 25,000 daily tests, the probability of a consecutive decline in positivity for 14 days was 99.9% (95% CI: 99.7% to 100%). The probability dropped with smaller numbers of tests and longer lengths of consecutive observation, because there is more chance of observing an increase in positivity with smaller numbers of tests and longer observation. The probability of consecutive decline in hospitalizations was ~0.0% regardless of the length of consecutive observation due to large variance. These results suggest that continuous declines in sample COVID-19 test positivity and hospitalizations may not be observed with sufficient probability, even when population probabilities truly decline. Criteria based on consecutive declines in metrics are unlikely to be useful for making decisions about relaxing COVID-19 mitigation efforts.


Author(s):  
Nicholas P Piedmonte ◽  
Vanessa C Vinci ◽  
Thomas J Daniels ◽  
Bryon P Backenson ◽  
Richard C Falco

Abstract The Asian longhorned tick, Haemaphysalis longicornis Neumann, is a species native to eastern Asia that has recently been discovered in the United States. In its native range, H. longicornis transmits pathogens that cause disease in humans and livestock. It is currently unknown whether H. longicornis will act as a vector in the United States. Understanding its seasonal activity patterns will be important in identifying which times of the year represent greatest potential risk to humans and livestock should this species become a threat to animal or public health. A study site was established in Yonkers, NY near the residence associated with the first reported human bite from H. longicornis in the United States. Ticks were collected once each week from July 2018 to November 2019. Haemaphysalis longicornis larvae were most active from August to November, nymphs from April to July, and adult females from June to September. This pattern of activity suggests that H. longicornis is capable of completing a generation within a single year and matches the patterns observed in its other ranges in the northern hemisphere. The data presented here contribute to a growing database for H. longicornis phenology in the northeastern United States. Potential implications of the short life cycle for the tick’s vectorial capacity are discussed.


2014 ◽  
Vol 35 (6/7) ◽  
pp. 418-432
Author(s):  
Xiaoai Ren

Purpose – The purpose of this paper is to look at the organizational structure and service provisions of cooperative public library systems in New York State. The study also seeks to ask questions of how cooperative public library systems decide what services to provide. Design/methodology/approach – Descriptive statistics, factor analysis and cluster analysis were applied on New York State public library systems’ 2008 annual reports to generate quantitative profiles of public library systems and their service transactions. Three cooperative public library systems displaying different service features were purposefully selected for further study of their service decision-making processes. The face-to-face and phone interviews were adopted in the study. Findings – Research findings from this study provide information on specific service variations across cooperative public library systems. The findings also provide differences of service decision-making processes in addition to the factors that might cause these differences. Originality/value – This study adds knowledge of public library systems’ management and organizational structures, therefore fills a knowledge gap on public library systems. It can also serve as the baseline for future studies using newer annual report data and therefore to study the changing roles and services of cooperative public library systems in New York State.


Headline UNITED STATES: New York issues faulty vote count


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