US House will press Mueller for more information

Significance Mueller issued his extensive report in April, a part-redacted version of which was made public. He will testify to a Democratic-led House that believes there is more to come out about the 2016 election and President Donald Trump. They also have political reasons for keeping the pressure on Trump and his administration before the November 2020 elections. Impacts Any new information or insights Mueller adds will be incorporated into House investigations of Trump. Mueller’s testimony could help the search for bipartisan consensus over election security. The testimony is unlikely to lead to a greater risk of Trump or Barr being impeached and removed.

Significance The Pakistan Muslim League-Nawaz (PML-N)’s five-year term ended on May 31. PML-N President Shehbaz Sharif faces a tough fight to become prime minister, with the main challenge set to come from Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) and further opposition provided by Bilawal Bhutto Zardari’s Pakistan Peoples Party (PPP). Impacts With Khan as prime minister, the military would likely have free rein to pursue an anti-India foreign policy. Khan would step up his criticisms of the war in Afghanistan and likely have a difficult relationship with US President Donald Trump. Pakistan under any government will pursue balanced diplomacy in the Middle East, seeking good ties with both Saudi Arabia and Iran.


Subject Outlook for Central American trade. Significance The election of Donald Trump as the next US president has created uncertainty over the outlook for trade in Central America. However, the region is open to international trade, and a recent trade deal with South Korea illustrates its attractions as a partner. Impacts The trade accord with South Korea is likely to come into force over the coming year. Increased US protectionism would be felt in Central America. Other Asian countries could show growing interest in negotiating trade deals with Central American countries.


Subject Prospects for US politics to end-2017. Significance The shock 2016 election outcome brought President Donald Trump to the White House, with a conservative-leaning majority on the Supreme Court and Republican control over both houses of Congress. However, the Trump administration has struggled to push through federal policy shifts in many areas, whether sought by political allies as they see a closing window for decisive change, expected by investors as US equity markets reach record highs or feared by the White House’s Democratic opponents.


Subject President Donald Trump and banking reform. Significance President Donald Trump attacked Democratic candidate Hillary Clinton ahead of the November 2016 election over her paid speaking appearances at Wall Street financial institutions before her second presidential run. Although he has appointed several former bankers to administration positions and advanced a deregulatory agenda as president, as a candidate Trump criticised big banks and proposed restoring the Glass-Steagall rule separating commercial and investment banking in the 1933 US Banking Act, enacted during the Great Depression but repealed in 1999. The idea has gained some traction in Congress and Trump called for a “21st century version” of Glass-Steagall in a May 1 interview. Impacts When the Fed normalises interest rates, it will help US banks’ profitability when combined with less-stringent compliance requirements. Stricter stances on financial regulation are likely to be an ideological litmus test for Democratic candidates seeking nomination. Finance-friendly appointments to and legislative restrictions on federal agencies will curtail Washington’s regulatory power.


2021 ◽  
Vol 8 (1) ◽  
pp. 205316802098744
Author(s):  
Kirby Goidel ◽  
Nicholas T. Davis ◽  
Spencer Goidel

In this paper, we utilize a module from the Cooperative Congressional Election Study to explore how individual perceptions of media bias changed over the course of the 2016 presidential campaign. While previous literature has documented the role of partisan affiliation in perceptions of bias, we know considerably less about how these perceptions change during a presidential election. Consistent with existing theories of attitude change, perceptions of bias polarize with strong Democrats moving toward believing the media were biased against Hillary Clinton (and in favor of Donald Trump) and independent-leaning Republicans moving toward believing the media were biased against Donald Trump. At the end of the 2016 election, more individuals believed the media were biased against their side. These effects were moderated by how much attention individuals paid to the campaign.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chun-Teck Lye ◽  
Tuan-Hock Ng ◽  
Kwee-Pheng Lim ◽  
Chin-Yee Gan

PurposeThis study uses the unique setting of unusual market activity (UMA) replies to examine the market reaction and the effects of disclosure and investor protection amid information uncertainty.Design/methodology/approachA total of 1527 hand-collected UMA replies from the interlinked stock exchanges of Indonesia, Malaysia, Thailand and Singapore for the period of 2015–2017 were analysed using event study and Heckman two-step methods with market and matched control firm benchmarks.FindingsThe overall results support the uncertain information hypothesis. The UMA replies with new information were also found to reduce information uncertainty, but not information asymmetry, and they are complementary to investor protection in enhancing abnormal returns. The overall finding suggests that the UMA public query system can be an effective market intervention mechanism in improving information certainty and efficiency.Research limitations/implicationsThis study provides insight on the effects of news replies and investor protection on abnormal returns, and support for the uncertain information hypothesis. The finding is useful to policymakers and stock exchanges as they seek to understand how to alleviate investors' anxiety and to create an informationally efficient market. Nevertheless, this study is limited by the extensiveness of the hand-collected UMA replies and also the potential issue of simultaneity-induced endogeneity.Originality/valueThis study uses UMA replies and cross-country data taking into account the effects of market surroundings such as information uncertainty and the level of investor protection on market reaction.


Info ◽  
2015 ◽  
Vol 17 (6) ◽  
pp. 50-71 ◽  
Author(s):  
Natali Helberger ◽  
Katharina Kleinen-von Königslöw ◽  
Rob van der Noll

Purpose – The purposes of this paper are to deal with the questions: because search engines, social networks and app-stores are often referred to as gatekeepers to diverse information access, what is the evidence to substantiate these gatekeeper concerns, and to what extent are existing regulatory solutions to control gatekeeper control suitable at all to address new diversity concerns? It will also map the different gatekeeper concerns about media diversity as evidenced in existing research before the background of network gatekeeping theory critically analyses some of the currently discussed regulatory approaches and develops the contours of a more user-centric approach towards approaching gatekeeper control and media diversity. Design/methodology/approach – This is a conceptual research work based on desk research into the relevant and communications science, economic and legal academic literature and the relevant laws and public policy documents. Based on the existing evidence as well as on applying the insights from network gatekeeping theory, this paper then critically reviews the existing legal/policy discourse and identifies elements for an alternative approach. Findings – This paper finds that when looking at search engines, social networks and app stores, many concerns about the influence of the new information intermediaries on media diversity have not so much their source in the control over critical resources or access to information, as the traditional gatekeepers do. Instead, the real bottleneck is access to the user, and the way the relationship between social network, search engine or app platforms and users is given form. Based on this observation, the paper concludes that regulatory initiatives in this area would need to pay more attention to the dynamic relationship between gatekeeper and gated. Research limitations/implications – Because this is a conceptual piece based on desk-research, meaning that our assumptions and conclusions have not been validated by own empirical research. Also, although the authors have conducted to their best knowledge the literature review as broad and as concise as possible, seeing the breadth of the issue and the diversity of research outlets, it cannot be excluded that we have overlooked one or the other publication. Practical implications – This paper makes a number of very concrete suggestions of how to approach potential challenges from the new information intermediaries to media diversity. Social implications – The societal implications of search engines, social networks and app stores for media diversity cannot be overestimated. And yet, it is the position of users, and their exposure to diverse information that is often neglected in the current dialogue. By drawing attention to the dynamic relationship between gatekeeper and gated, this paper highlights the importance of this relationship for diverse exposure to information. Originality/value – While there is currently much discussion about the possible challenges from search engines, social networks and app-stores for media diversity, a comprehensive overview in the scholarly literature on the evidence that actually exists is still lacking. And while most of the regulatory solutions still depart from a more pre-networked, static understanding of “gatekeeper”, we develop our analysis on the basis for a more dynamic approach that takes into account the fluid and interactive relationship between the roles of “gatekeepers” and “gated”. Seen from this perspective, the regulatory solutions discussed so far appear in a very different light.


2014 ◽  
Vol 25 (4) ◽  
pp. 568-598 ◽  
Author(s):  
Marco Macchi ◽  
Adolfo Crespo Márquez ◽  
Maria Holgado ◽  
Luca Fumagalli ◽  
Luis Barberá Martínez

Purpose – The purpose of this paper is to propose a methodology for the engineering of E-maintenance platforms that is based on a value-driven approach. Design/methodology/approach – The methodology assumes that a value-driven engineering approach would help foster technological innovation for maintenance management. Indeed, value-driven engineering could be easily adopted at the business level, with subsequent positive effects on the industrial applications of new information and communication technologies solutions. Findings – The methodology combines a value-driven approach with the engineering in the maintenance scope. The methodology is tested in a manufacturing case to prove its potential to support the engineering of E-maintenance solutions. In particular, the case study concerns the investment in E-maintenance solutions developed in the framework of a Supervisory Control and Data Acquisition system originally implemented for production purposes. Originality/value – Based on literature research, the paper presents a methodology that is implemented considering three different approaches (business theories, value-driven engineering and maintenance management). The combination of these approaches is novel and overcomes the traditional view of maintenance as an issue evaluated from a cost-benefit perspective.


2021 ◽  
Vol 37 (4) ◽  
pp. 631-643
Author(s):  
Tayyaba Yousaf ◽  
Sadia Farooq ◽  
Ahmed Muneeb Mehta

Purpose The purpose of this study is to investigate whether the STOXX Europe Christian price index (SECI) follows the premise of efficient market hypothesis (EMH). Design/methodology/approach The study used daily data of SECI for the period of 15 years as its launch date i.e. 31 December 2004 to 31 December 2019. Data are analyzed by taking a full-length sample and fixed-length subsample. For subsample, the data are divided into five subsamples of three years each. Subsample analysis is important for analyzing time varying efficiency of the series, as the market is said to follow EMH if it is being efficient throughout the sample. Both type of samples is examined through linear tests including autocorrelations test and variance ratio (VR) test. Findings Tests applied conclude that SECI is weak-form efficient, which means that the prices of the index include all the relevant past information and immediately react to new information. Hence, the investors cannot earn abnormal returns. Originality/value Religion-based indices grasped the attention of investors, policymakers and academic researchers because of increased concern over ethics in business. Though the impact of religion on the economy have been studied in many ways but the efficiency of religion-based indices have been less explored. The current study is primary in its nature as it analysis the efficiency of SECI. This index is important to explore because Christianity is the world’s top religion with 2.3 billion followers around the globe.


Significance Canada’s Liberal Prime Minister Justin Trudeau is preparing to welcome a more predictable and stable partner in Biden than outgoing Republican President Donald Trump. However, Biden is also expected quickly to cancel the Keystone XL pipeline, cutting another lifeline to Canada’s oil industry and creating some strain in Canada-US ties. Impacts Improved Canada-US ties will persist even if Trudeau loses the next federal election to Conservative Erin O’Toole. Canada will re-engage militarily with UN peacekeeping and NATO deployments. Trudeau will encourage Biden to end US prosecution of Meng Wanzhou, allowing Canada to release her; Biden may agree. Canada’s border with the United States will open in stages as COVID-19 recedes. Ottawa will push Biden to end ‘Buy American’ procurement policies, with little success.


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