ml Why is coronavirus deadly for some, but harmless in others? By www.newscientist.com Published On :: Wed, 06 May 2020 06:00:00 +0000 To figure out what makes some people more vulnerable to severe cases of covid-19, we need to rethink what we know about infection Full Article
ml Hiding in plain sight: PhantomLance walks into a market By securelist.com Published On :: Tue, 28 Apr 2020 15:00:32 +0000 In July 2019, a sophisticated backdoor trojan in Google Play was reported. We conducted an inquiry of our own, discovering a long-term campaign, which we dubbed “PhantomLance”, its earliest registered domain dating back to December 2015. Full Article APT reports Featured Apple MacOS APT Backdoor Google Android Malware Descriptions Malware Technologies Spyware Trojan-Dropper
ml Viral DNA Binding Protein SUMOylation Promotes PML Nuclear Body Localization Next to Viral Replication Centers By mbio.asm.org Published On :: 2020-03-17T01:30:14-07:00 ABSTRACT Human adenoviruses (HAdVs) have developed mechanisms to manipulate cellular antiviral measures to ensure proper DNA replication, with detailed processes far from being understood. Host cells repress incoming viral genomes through a network of transcriptional regulators that normally control cellular homeostasis. The nuclear domains involved are promyelocytic leukemia protein nuclear bodies (PML-NBs), interferon-inducible, dot-like nuclear structures and hot spots of SUMO posttranslational modification (PTM). In HAdV-infected cells, such SUMO factories are found in close proximity to newly established viral replication centers (RCs) marked by the adenoviral DNA binding protein (DBP) E2A. Here, we show that E2A is a novel target of host SUMOylation, leading to PTMs supporting E2A function in promoting productive infection. Our data show that SUMOylated E2A interacts with PML. Decreasing SUMO-E2A protein levels by generating HAdV variants mutated in the three main SUMO conjugation motifs (SCMs) led to lower numbers of viral RCs and PML-NBs, and these two structures were no longer next to each other. Our data further indicate that SUMOylated E2A binds the host transcription factor Sp100A, promoting HAdV gene expression, and represents the molecular bridge between PML tracks and adjacent viral RCs. Consequently, E2A SCM mutations repressed late viral gene expression and progeny production. These data highlight a novel mechanism used by the virus to benefit from host antiviral responses by exploiting the cellular SUMO conjugation machinery. IMPORTANCE PML nuclear bodies (PML-NBs) are implicated in general antiviral defense based on recruiting host restriction factors; however, it is not understood so far why viruses would establish viral replication centers (RCs) juxtaposed to such "antiviral" compartments. To understand this enigma, we investigate the cross talk between PML-NB components and viral RCs to find the missing link connecting both compartments to promote efficient viral replication and gene expression. Taken together, the current concept is more intricate than originally believed, since viruses apparently take advantage of several specific PML-NB-associated proteins to promote productive infection. Simultaneously, they efficiently inhibit antiviral measures to maintain the viral infectious program. Our data provide evidence that SUMOylation of the viral RC marker protein E2A represents the basis of this virus-host interface and regulates various downstream events to support HAdV productive infection. These results are the basis of our current attempts to generate and screen for specific E2A SUMOylation inhibitors to constitute novel therapeutic approaches to limit and prevent HAdV-mediated diseases and mortality of immunosuppressed patients. Full Article
ml Neurology consults in emergency departments: Opportunities to streamline care By cp.neurology.org Published On :: 2020-04-06T12:45:20-07:00 Objective To use the variations in neurology consultations requested by emergency department (ED) physicians to identify opportunities to implement multidisciplinary interventions in an effort to reduce ED overcrowding. Methods We retrospectively analyzed ED visits across 3 urban hospitals to determine the top 10 most common chief complaints leading to neurology consultation. For each complaint, we evaluated the likelihood of consultation, admission rate, admitting services, and provider-to-provider variability of consultation. Results Of 145,331 ED encounters analyzed, 3,087 (2.2%) involved a neurology consult, most commonly with chief complaints of acute-onset neurologic deficit, subacute neurologic deficit, or altered mental status. ED providers varied most in their consultation for acute-onset neurologic deficit, dizziness, and headache. Neurology consultation was associated with a 2.3-hour-longer length of stay (LOS) (95% CI: 1.6–3.1). Headache in particular has an average of 6.7-hour-longer ED LOS associated with consultation, followed by weakness or extremity weakness (4.4 hours) and numbness (4.1 hours). The largest estimated cumulative difference (number of patients with the specific consultation multiplied by estimated difference in LOS) belongs to headache, altered mental status, and seizures. Conclusion A systematic approach to identify variability in neurology consultation utilization and its effect on ED LOS helps pinpoint the conditions most likely to benefit from protocolized pathways. Full Article
ml Structural basis for Zika envelope domain III recognition by a germline version of a recurrent neutralizing antibody [Biochemistry] By www.pnas.org Published On :: 2020-05-05T10:31:24-07:00 Recent epidemics demonstrate the global threat of Zika virus (ZIKV), a flavivirus transmitted by mosquitoes. Although infection is usually asymptomatic or mild, newborns of infected mothers can display severe symptoms, including neurodevelopmental abnormalities and microcephaly. Given the large-scale spread, symptom severity, and lack of treatment or prophylaxis, a safe and... Full Article
ml Telomere length heterogeneity in ALT cells is maintained by PML-dependent localization of the BTR complex to telomeres [Research Papers] By genesdev.cshlp.org Published On :: 2020-05-01T06:30:22-07:00 Telomeres consist of TTAGGG repeats bound by protein complexes that serve to protect the natural end of linear chromosomes. Most cells maintain telomere repeat lengths by using the enzyme telomerase, although there are some cancer cells that use a telomerase-independent mechanism of telomere extension, termed alternative lengthening of telomeres (ALT). Cells that use ALT are characterized, in part, by the presence of specialized PML nuclear bodies called ALT-associated PML bodies (APBs). APBs localize to and cluster telomeric ends together with telomeric and DNA damage factors, which led to the proposal that these bodies act as a platform on which ALT can occur. However, the necessity of APBs and their function in the ALT pathway has remained unclear. Here, we used CRISPR/Cas9 to delete PML and APB components from ALT-positive cells to cleanly define the function of APBs in ALT. We found that PML is required for the ALT mechanism, and that this necessity stems from APBs’ role in localizing the BLM–TOP3A–RMI (BTR) complex to ALT telomere ends. Strikingly, recruitment of the BTR complex to telomeres in a PML-independent manner bypasses the need for PML in the ALT pathway, suggesting that BTR localization to telomeres is sufficient to sustain ALT activity. Full Article
ml About Kamlesh Khunti, MD, PHD, FRCP, FRCGP, FMEDSCI: Guest Editor, Improving Outcomes of People With Diabetes Through Overcoming Therapeutic InertiaPreface By spectrum.diabetesjournals.org Published On :: 2020-02-14T06:59:49-08:00 Full Article
ml Role of Meningioma 1 for maintaining the transformed state in MLL-rearranged acute myeloid leukemia: potential for therapeutic intervention? By www.haematologica.org Published On :: 2020-05-01T00:05:41-07:00 Full Article
ml Age at Diagnosis and Patient Preferences for Treatment Outcomes in AML: A Discrete Choice Experiment to Explore Meaningful Benefits By cebp.aacrjournals.org Published On :: 2020-05-01T00:05:36-07:00 Background: The recent expansion of treatment options in acute myeloid leukemia (AML) has necessitated a greater understanding of patient preferences for treatment benefits, about which little is known. Methods: We sought to quantify and assess heterogeneity of the preferences of AML patients for treatment outcomes. An AML-specific discrete choice experiment (DCE) was developed involving multiple stakeholders. Attributes included in the DCE were event-free survival (EFS), complete remission (CR), time in the hospital, short-term side effects, and long-term side effects. Continuously coded conditional, stratified, and latent-class logistic regressions were used to model preferences of 294 patients with AML. Results: Most patients were white (89.4%) and in remission (95.0%). A 10% improvement in the chance of CR was the most meaningful offered benefit (P < 0.001). Patients were willing to trade up to 22 months of EFS or endure 8.7 months in the hospital or a two-step increase in long-term side effects to gain a 10% increase in chance of CR. Patients diagnosed at 60 years or older (21.6%) more strongly preferred to avoid short-term side effects (P = 0.03). Latent class analysis showed significant differences of preferences across gender and insurance status. Conclusions: In this national sample of mostly AML survivors, patients preferred treatments that maximized chance at remission; however, significant preference heterogeneity for outcomes was identified. Age and gender may affect patients' preferences. Impact: Survivor preferences for outcomes can inform patient-focused drug development and shared decision-making. Further studies are necessary to investigate the use of DCEs to guide treatment for individual patients. Full Article
ml Dreamland Bonanza 23 Duy Tân đã sẵn sàng chào đón cư dân By batdongsan.com.vn Published On :: 17:20 06/05/2020 Trong khi nhiều dự án BĐS bị ảnh hưởng bởi đại dịch covid-19 thì dự án hỗn hợp văn phòng dịch vụ và nhà ở Dreamland Bonanza (23 phố Duy Tân, Cầu Giấy, Hà Nội) do Công ty Cổ phần Đầu tư bất động sản Vinaland làm chủ đầu tư, đã đảm bảo các điều kiện thi công an toàn, về đích đúng tiến độ và bàn giao cho khách hàng vào ngày 11/5/2020. Full Article
ml Welham Charmlake By batdongsan.com.vn Published On :: Wed, 09 Oct 2019 14:26:22 GMT Welham Chamrlake là dự án biệt thự nghỉ dưỡng do Công ty CP du lịch sinh thái nghỉ dưỡng Welham Hồ Dụ làm chủ đầu tư. Full Article
ml Bán 1 căn góc Biệt Thự 2 mặt tiền trong số 24 căn góc trên đường Hoàng Trọng Mậu, KDC Himlam Q7 By batdongsan.com.vn Published On :: Sat, 09 May 2020 14:00:36 GMT Ngày 22 - 04 - 2020 đã chính thức xây dựng hầm chui và vòng xoay tại nút giao Nguyễn Văn Linh - Nguyễn Hữu Thọ quận 7, Đường Hoàng Trọng Mậu là con đường trọng điểm kết nối Q4 - Q7 - Quận Nhà Bè. Hoàng Trọng Mậu con đường ngắn huyêt mạch nối từ đường Trần Xuân Soạn - đại lộ Nguyễ... Full Article
ml A Champagne Bottle Sized 'My Personal Bottomless Mimosa' Glass By feedproxy.google.com Published On :: Thu, 07 May 2020 17:00:06 -0500 Just in time for Mother's Day/continued at-home quarantine comes this 750mL 'My Personal Bottomless Mimosa' glass from BigMouth, Inc and available on Amazons. The surprisingly all-glass drinkware (but still hand-wash only on account of the decorations) combines the shape of a champagne bottle with a mimosa glass to holds 8 (read: 2-3) servings, and is perfect for letting the rest of your family know you're not to be bothered for the rest of the day because it may still be early here but, dammit, it's 5 o'clock somewhere that's nine and half hours ahead. Thanks to Tracey H, who informed me she can't count the number of times she's been asked to leave a bottomless brunch for really putting its bottomlessness to the test. Heck yeah, that's called doing God's work. Full Article alcohol booze chug it! don't tell my aunt! drinking out of things drinking things glass morning rituals mother's day my girlfriend prefers a 5 to 1 champagne to oj ratio real products that exist refill me pronto!
ml Why is coronavirus deadly for some, but harmless in others? By www.newscientist.com Published On :: Wed, 06 May 2020 06:00:00 +0000 To figure out what makes some people more vulnerable to severe cases of covid-19, we need to rethink what we know about infection Full Article
ml Kremlin says U.S. moon mining proposals need thorough legal analysis By feeds.reuters.com Published On :: Wed, 06 May 2020 07:50:42 -0400 The Kremlin on Wednesday said a U.S.-proposed legal blueprint for mining on the moon would need to be analysed thoroughly to check if it complies with international law. Full Article scienceNews
ml Man with 'devil gremlin' tattoo sought by police after teen dragged into bushes and raped in south-east London By www.standard.co.uk Published On :: 2020-04-09T16:25:00Z A man with a 'devil gremlin' tattoo is being sought by police after a teen was dragged into the bushes and raped in south-east London. Full Article
ml Sources: MLB shortens draft from 40 rounds to 5 By www.espn.com Published On :: Fri, 8 May 2020 18:46:38 EST Team owners have long discussed shortening the draft from its usual 40 rounds, and it was expected to be a point of discussion heading into the winter 2021 expiration of the labor agreement between the league and players' union. Full Article
ml MLB reportedly cutting amateur draft from 40 rounds to 5 By www.cbc.ca Published On :: Sat, 9 May 2020 11:24:07 EDT Major League Baseball will cut its amateur draft from 40 rounds to five this year, a move that figures to save teams about $30 million US, a person familiar with the decision told The Associated Press. Full Article Sports/Baseball/MLB
ml Coronavirus: MLS will allow individual training on practice fields By globalnews.ca Published On :: Fri, 01 May 2020 21:57:39 +0000 Team training facilities have been closed, other than for approved rehab, since the league suspended play March 12 due to the global pandemic. Full Article Canada Sports Coronavirus coronavirus mls coronavirus sports COVID-19 Major League Soccer MLS Soccer
ml Ricky Tomlinson and friends sing cover of Ken Dodd's Happiness to raise money for the NHS By www.standard.co.uk Published On :: 2020-04-14T07:10:02Z Tomlinson appears in a bathtub wearing nothing but a shower cap in the cover video Full Article
ml James Rodriguez to Inter Miami? Colombian star linked with switch to David Beckham's MLS franchise By www.standard.co.uk Published On :: 2020-04-23T09:28:37Z James Rodriguez has been linked with a sensational switch to David Beckham's MLS franchise, Inter Miami. Full Article
ml Arsenal legend Thierry Henry has faith MLS will make right decision over restart By www.standard.co.uk Published On :: 2020-04-28T20:39:00Z Montreal Impact head coach Thierry Henry believes the MLS will find a solution regarding the outcome of the 2020 season in light of the coronavirus pandemic. Full Article
ml Real Madrid winger Gareth Bale admits interest in MLS switch: 'It's a league that's on the up' By www.standard.co.uk Published On :: 2020-05-01T18:39:12Z Real Madrid winger Gareth Bale has expressed an interest in moving to Major League Soccer (MLS) in the United States. Full Article
ml MLSE is offering to help with COVID-19 testing if Toronto becomes a hub for NHL games By www.thestar.com Published On :: Fri, 8 May 2020 18:17:31 EDT The Leafs’ parent company will pay for the testing of its players, and help with public testing as well. Full Article
ml MLB : un repêchage à cinq rondes plutôt que 40 By www.journaldemontreal.com Published On :: Fri, 08 May 2020 19:25:11 EDT Ce changement pourrait causer du tort aux espoirs du baseball québécois, qui sont généralement sélectionnés tardivement lors des repêchages. Full Article
ml Better baseball on TV: What MLB can learn from 'Bachelor' and 'Millionaire' By www.latimes.com Published On :: Mon, 4 May 2020 19:57:26 -0400 MLB stadiums without fans would be like playing in a giant television studio. TV executives offer ideas on reinventing baseball as entertainment. Full Article
ml MLB season startup: Here are the pros and cons of the three most likely scenarios By www.latimes.com Published On :: Tue, 5 May 2020 09:30:14 -0400 MLB can choose from at least three models: allowing teams to operate in their cities; an enclosed operation in Arizona; and a three-state hub. Full Article
ml Baseball with no fans? Korean league opener shows glimpse of possible MLB future By www.latimes.com Published On :: Tue, 5 May 2020 13:03:04 -0400 The Korean baseball season is underway, but the games have a much different look with no fans in attendance because of the coronavirus crisis. Full Article
ml StreamLink Software Secures $2,600,000 New Funding Round By www.sandhill.com Published On :: Tue, 01 Nov 2016 07:00:06 +0000 StreamLink Software began as nonprofit executives saw a need for solutions to common management issues. When it became clear there was gap in quality, affordable products, StreamLink Software was formed to develop them. Full Article
ml Formlabs receives FDA go-ahead to print BiPAP adapters By www.medicalplasticsnews.com Published On :: Mon, 04 May 2020 14:00:00 -0000 3D printing company Formlabs has received emergency use authorisation (EUA) from the U.S. Food and Drug Administration (FDA) to print bi-level positive airway pressure (BiPAP) adapters designed by Northwell Health, a New York healthcare provider. Full Article
ml Menarini to buy Stemline for up to $677 million By www.pharmatimes.com Published On :: Tue, 05 May 2020 11:17:09 +0100 The move will establish Menarini's presence in the US biopharma market Full Article
ml Stemline Slated for Acquisition by Menarini in Deal Worth Up to $677M By xconomy.com Published On :: Mon, 04 May 2020 20:45:58 +0000 Stemline Therapeutics, whose drug for a rare, aggressive type of acute leukemia was approved by the FDA about 18 months ago, has signed an acquisition deal with Italian biopharma Menarini Group. Stemline (NASDAQ: STML), a New York-based company, developed the first FDA-approved drug for blastic plasmacytoid dendritic cell neoplasm, or BPDCN. The drug, tagraxofusp (Elzonris) […] Full Article Europe blog main National blog main New York New York blog main New York top stories Acquisition Biotech blastic plasmacytoid dendritic cell neoplasm Blood Cancer BPDCN clinical trials Deal Elcin Barker Ergun Ivan Bergstein Life Sciences M&A Menarini Merger Oncology Precision Medicine Stemline Therapeutics transaction
ml Menarini nabs hematologic malignancy drug along with buy of Stemline By www.thepharmaletter.com Published On :: Tue, 05 May 2020 12:32:00 +0100 Privately-held pharma and diagnostics firm Menarini Group has announced a definitive agreement to acquire… Full Article Biotechnology/Companies mergers and acquisitions/Elzonris/Hematology/Italy/Menarini Group/Oncology/One to Watch Companies/Rare diseases/Stemline Therapeutics/USA
ml Justice Department Announces Streamlined Grant Solicitation for Tribal Communities By www.justice.gov Published On :: Tue, 16 Feb 2010 17:09:01 EST "This is a direct result of what we heard from tribal leaders at the department's listening session. Tribal leaders have made it clear that a single application would significantly improve their ability to apply and receive critical federal funding, which so many of their communities depend on," said Associate Attorney General Perrelli. Full Article OPA Press Releases
ml Daimler AG and Three Subsidiaries Resolve Foreign Corrupt Practices Act Investigation and Agree to Pay $93.6 Million in Criminal Penalties By www.justice.gov Published On :: Thu, 1 Apr 2010 15:50:16 EDT Daimler AG, a German corporation, and three of its subsidiaries have resolved charges related to a Foreign Corrupt Practices Act (FCPA) investigation into the company’s worldwide sales practices. Full Article OPA Press Releases
ml Colville, Wash., Man Indicted for Federal Hate Crime in Attempted Bombing of the MLK Unity March By www.justice.gov Published On :: Thu, 21 Apr 2011 19:47:04 EDT A federal grand jury in the Eastern District of Washington has returned a superseding indictment charging Kevin Harpham, 36, of Colville, Wash., with federal hate crime and weapons violations arising out of the attempted bombing of the Martin Luther King Jr. Unity March in Spokane, Wash., on Jan. 17, 2011. Full Article OPA Press Releases
ml Justice Department Files Lawsuit Alleging Immigration-Related Employment Discrimination by Farmland Foods Inc. in Missouri By www.justice.gov Published On :: Mon, 27 Jun 2011 17:33:44 EDT The Justice Department today filed a lawsuit against Farmland Foods Inc., a major producer of pork products in the United States, alleging that it engaged in a pattern or practice of discrimination by imposing unnecessary documentary requirements on non-U.S. citizens when establishing their authority to work in the United States. Full Article OPA Press Releases
ml DOJ, FTC Announce Changes to Streamline the Premerger Notification Form By www.justice.gov Published On :: Thu, 7 Jul 2011 09:05:53 EDT Following a public comment period, the Department of Justice and the Federal Trade Commission (FTC) have made changes to reduce the filing burden and streamline the form parties must file when seeking antitrust clearance of proposed mergers and acquisitions under the Hart-Scott-Rodino (HSR) Act and the Premerger Notification Rules. Full Article OPA Press Releases
ml Antitrust Division Announces New Streamlined Procedure for Parties Seeking to Modify or Terminate Old Settlements and Litigated Judgments By www.justice.gov Published On :: Fri, 28 Mar 2014 09:20:31 EDT The Department of Justice’s Antitrust Division today announced a new streamlined procedure that will lower the costs and expedite the review process for parties seeking to modify or terminate old antitrust settlements and litigated judgments. Full Article OPA Press Releases
ml Menarini set to acquire Stemline for $677m By www.biopharma-reporter.com Published On :: Thu, 07 May 2020 14:53:00 +0100 Menarini adds Stemlineâs lead product, Elzonris, and its presence in the US with buyout deal. Full Article Markets & Regulations
ml FDA Streamlines COVID-19 Product Pathways, Continues to Crack Down on Misleading Claims By cohealthcom.org Published On :: Mon, 13 Apr 2020 19:38:22 +0000 April 13, 2020 – The Food and Drug Administration (FDA) is responding to the challenges of COVID-19 in new ways that streamline product review and policy approaches, while also ensuring that entities promoting unapproved products that claim to be effective against the virus do not go unchecked. Last week, the FDA and the Federal Trade […] Full Article Regulatory/FDA clinical trials COVID-19 FDA FDA approval process FDA enforcement FTC Jon Bigelow promoting unapproved drug unapproved drug Warning Letter
ml MLB's June amateur draft reduced from 40 rounds to five in 2020 By www.latimes.com Published On :: Fri, 8 May 2020 19:59:02 -0400 Major League Baseball will hold a five-round draft in June, a big reduction from the usual 40 rounds. Many Southland players are expected to be taken. Full Article
ml Concurrent germline and somatic pathogenic BAP1 variants in a patient with metastatic bladder cancer By feeds.nature.com Published On :: 2020-03-23 Full Article
ml Deconvoluting MLL1-dependent pathways in hematopoiesis and leukemogenesis By www.nature.com Published On :: 2014-12-17 Full Article
ml Clinical utility of the exosome based ExoDx Prostate(<i>IntelliScore</i>) EPI test in men presenting for initial Biopsy with a PSA 2–10 ng/mL By feeds.nature.com Published On :: 2020-05-07 Full Article
ml MHD surrogate model for convection in electromagnetically levitated molten metal droplets processed using the ISS-EML facility By feeds.nature.com Published On :: Mon, 16 Mar 2020 00:00:00 PDT npj Microgravity, Published online: 16 March 2020; doi:10.1038/s41526-020-0099-7MHD surrogate model for convection in electromagnetically levitated molten metal droplets processed using the ISS-EML facility Full Article
ml High-risk additional chromosomal abnormalities at low blast counts herald death by CML By feeds.nature.com Published On :: 2020-05-07 Full Article
ml HTML, CSS, and JavaScript code editing with Edge Code By www.adobe.com Published On :: Mon Sep 24 16:26:00 UTC 2012 Edge Code is an Adobe branded release of the Brackets project: a lightweight code editor with next-wave features. Full Article
ml Strengthening and Streamlining Prudential Bank Supervision By webfeeds.brookings.edu Published On :: Thu, 06 Aug 2009 09:03:01 -0400 There are a number of causes of the financial crisis that has devastated the U.S. economy and spread globally. Weakness in financial sector regulation was one of the causes and the proliferation of different regulators is, in turn, a cause of the regulatory failure. There is a bewildering, alphabet soup variety of regulators and supervisors for banks and other financial institutions that failed in their task of preventing the crisis and, at the same time, created an excessive regulatory burden on the industry because of overlapping and duplicative functions.We can do better. This paper makes the case for a single micro prudential regulator, that is to say, one federal agency that has responsibility for the supervision and regulation of all federally chartered banks and all major non-bank financial institutions. There would still be state-chartered financial institutions covered by state regulators, but the federal regulator would share regulatory authority with the states. The Objectives Approach to Regulation The Blueprint for financial reform prepared by the Paulson Treasury proposed a system of objectives-based regulation, an approach that had been previously suggested and that is the basis for regulation in Australia. The White Paper prepared by the Geithner Treasury did not use the same terminology, but it is clear from the structure of the paper that their approach is essentially an objectives-based one, as they lay out the different elements of regulatory reform that should be covered. I support the objectives approach to regulation. There should be three major objectives of regulation, as follows. • To make sure that there is micro-prudential supervisions, so that customers and taxpayers are protected against excessive risk taking that may cause a single institution to fail. • To make sure that whole financial sector retains its balance and does not become unstable. That means someone has to warn about the build up of risk across several institutions and perhaps take regulatory actions to restrain lending used to purchase assets whose prices are creating a speculative bubble. • To regulate the conduct of business. That means to watch out for the interests of consumers and investors, whether they are small shareholders in public companies or households deciding whether to take out a mortgage or use a credit card. In applying this approach, it is vital for both the economy and the financial sector that the Federal Reserve has independence as it makes monetary policy. Experience in the United States and around the world supports the view that an independent central bank results in better macroeconomic performance and restrains inflationary expectations. An independent Fed setting monetary policy is essential. An advantage of objectives-based regulation is that it forces us to consider what are the “must haves” of financial regulation—those things absolutely necessary to reduce the chances of another crisis. Additionally we can see the “must not haves”—the regulations that would have negative effects. It is much more important to make sure that the job gets done right, that there are no gaps in regulation that could contribute to another crisis and that there not be over-regulation that could stifle innovation and slow economic growth, than it is that the boxes of the regulatory system be arranged in a particular way. In turn, this means that the issue of regulatory consolidation is important but only to the extent that it makes it easier or harder to achieve the three major objectives of regulation efficiently and effectively. For objectives-based regulation to work, it is essential to harness the power of the market as a way to enhance stability. It will never be possible to have enough smart regulators in place that can outwit private sector participants who really want to get around regulations because they inhibit profit opportunities or because of the burdens imposed. A good regulatory environment is structured so that people who take risks stand to lose their own money if their bets do not work out. The crisis we are going through was caused by both market and regulatory failures and the market failures were often the result of a lack of transparency (“asymmetric information” in the jargon of economics). Those who invested money and lost it often did not realize the risks they were taking. To the extent that policymakers can enhance transparency, they can make market forces work better and help achieve the goal of greater stability. Having a single micro prudential regulator would help greatly in meeting the objectives of regulation, a point that will be taken up in more detail below. It is not a new idea. In 1993-94, the Clinton and Riegle proposals for financial regulation said that a single micro prudential regulator would provide the best protection for the economy and for the industry. In the Blueprint developed by the Paulson Treasury, it was proposed that there be a single micro prudential regulator. Read the full paper » (pdf) Downloads Download Authors Martin Neil Baily Full Article
ml AMLO reverses positive trends in Mexico’s energy industry By webfeeds.brookings.edu Published On :: Fri, 20 Dec 2019 15:05:33 +0000 Mexican President Andrés Manuel López Obrador, known as AMLO, has now been in office for about one year. It’s a good time to review his policies, and in particular his approach to the energy sector. The previous administration of President Enrique Peña Nieto undertook significant energy sector reforms, which AMLO generally opposed at the time… Full Article