American Rescue Plan Act (Arpa): City And County Budget Allocations In The Mountain West,
2022
University of Nevada, Las Vegas
American Rescue Plan Act (Arpa): City And County Budget Allocations In The Mountain West, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr.
Economic Development & Workforce
This fact sheet details how city and county governments within the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah allocated funds from the State and Local Fiscal Recovery Fund (SLFRF) portion of the American Rescue Plan Act (ARPA). Brookings Metro in partnership with the National League of Cities and the National Association of Counties created the “Local Government ARPA Investment Tracker” to display how communities across the country allocate this financial resource. This interactive site allows budget information from cities and counties to be added as such decisions are made.
Mountain West Personal Income Growth, 2021,
2022
University of Nevada, Las Vegas
Mountain West Personal Income Growth, 2021, Kristian Thymianos, Caitlin J. Saladino, William E. Brown Jr.
Economic Development & Workforce
This fact sheet highlights personal income growth in the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The data are retrieved from The Pew Charitable Trusts (Pew) report, “Fiscal 50: State Trends and Analysis.” The compound annual growth rate in state personal income through the second quarter of 2021 and the year-to-year change in state personal income are presented. These values are adjusted for inflation.
Sir : Save, Implement And Review,
2022
Institute of Business Administration, Karachi, Pakistan
Sir : Save, Implement And Review, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
The new coalition government has assumed power at a time of deep external and internal economic difficulties in the midst of a highly-polarized polity and society. The immediate temptation would be to distance itself from what the previous government had done and formulate a brand new package of initiatives. Unfortunately, this tradition is to be broken as it has always proved counterproductive and instead of remedying, it only aggravates the economic situation. In such uncertain times, sensible policy decisions need to be taken immediately to reassure the international financial community (institutions, credit rating agencies, bond markets and foreign investors), trading …
Infrastructure Investment And European Economic Growth,
2022
Pepperdine University
Infrastructure Investment And European Economic Growth, John Ziolo
Global Tides
As the global economy continues to recover from the impacts of Covid-19, there is significant discussion among policymakers as to the best mechanisms to stimulate recovery. One of those mechanisms is infrastructure investment. There is a large contingent of policymakers who believe that large, immediate spending on infrastructure will lead to significant economic growth. While another group is concerned about the secondary effects of such large government spending packages. With global economies still digging out of the covid shock and supply chains struggling to keep up with demand, there is no better time to explore the topic. This paper then …
Trade Liberalization And The Social Determinants Of Health: A Case Study Of Nafta's Impact On Mexico From 1994 To 2005,
2022
University of Denver
Trade Liberalization And The Social Determinants Of Health: A Case Study Of Nafta's Impact On Mexico From 1994 To 2005, Maria Trubetskaya
Undergraduate Theses, Capstones, and Recitals
Given the increased transnationalization of borders and economic interdependence between countries in the Global North and South, it is imperative to address how these trends impact the health and well being of the populations involved. The conventional neoliberal economic framework, however, falls short in explaining these dynamics due to its overemphasis of proximal determinants of health as direct consequences of commodification and free market activities. In congruence with those theoretical limitations, there is a limited assessment of more distal determinants – the social determinants of health (SDOH) – that are arguably more consequential for health and are interrelated with the …
The Impact Of Afghan Opium Cultivation On The U.S. Opioid Epidemic,
2022
University of Nebraska-Lincoln
The Impact Of Afghan Opium Cultivation On The U.S. Opioid Epidemic, Zachary Wahab Cheek
UNL Student Research Days Posters, Undergraduate
I argue here that increases in Afghan opium cultivation, the most prolific in the world, has depressed American prescription opioid and heroin prices, thereby increasing abuse risk in U.S. addict populations and increasing death rates. Utilizing a two-stage regression model with a sparse dataset from several national and international sources, I find evidence that a one percent increase in Afghan opium production is associated with a 0.122 percent increase in prescription opioid overdose deaths, and a 0.367 percent increase in heroin overdose deaths. Assessing the 2001-2002 Taliban opium ban with an identification strategy, I find that in this timeframe prescription …
Lessons Learned: Harry Wilson,
2022
Yale University
Lessons Learned: Harry Wilson, Mary Anne Chute Lynch
Journal of Financial Crises
Harry Wilson was one of four senior advisers to the US Department of the Treasury during the Obama administration and served on the President’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to General Motors and Chrysler, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a …
Lessons Learned: Steven Rattner,
2022
Yale University
Lessons Learned: Steven Rattner, Mary Anne Chute Lynch
Journal of Financial Crises
Steven Rattner, an investment banker and private equity professional, joined the Obama administration as counselor to the Secretary of the Treasury and head of the Obama administration’s Task Force on the Auto Industry, which was charged with providing aid to Chrysler and General Motors, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensely throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a path …
Lessons Learned: Mara Mcneill,
2022
Yale University
Lessons Learned: Mara Mcneill, Mary Anne Chute Lynch
Journal of Financial Crises
Mara McNeill was senior counsel to the US Department of the Treasury on the Obama administration’s Automotive Investment Financing Program (AIFP) during the Global Financial Crisis (GFC) of 2007–09. As senior counsel, McNeill was responsible for the department’s $80 billon financing of General Motors, Chrysler, Ally Financial, and Chrysler Financial. She worked with the Auto Team Task Force, the Troubled Assets Relief Program (TARP) legal team, and the Department of Treasury. The bipartisan AIFP team was charged with overseeing the government’s efforts to assist the companies toward a “new lease on life,” while exercising strong financial principles to protect the …
Lessons Learned: Sadiq Malik,
2022
Yale University
Lessons Learned: Sadiq Malik, Mary Anne Chute Lynch
Journal of Financial Crises
Sadiq Malik was a member of the Obama administration’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to Chrysler and General Motors, and later to other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with the corporate leadership, unions, investors, and other stakeholders of the two manufacturers, to design an orderly restructuring that would put the companies on a path to stability. Malik, working for the Auto Task Force, helped take General Motors through …
Lessons Learned: Matthew Feldman,
2022
Yale University
Lessons Learned: Matthew Feldman, Mary Anne Chute Lynch
Journal of Financial Crises
Matthew Feldman was the chief legal advisor to the Department of the Treasury on the Obama administration’s Task Force on the Auto Industry, which was established in 2009 and charged with providing aid to Chrysler and General Motors (GM), and later other entities, to avoid their disorderly failure and the loss of a million or more jobs. The Auto Task Force worked intensively throughout 2009 to swiftly negotiate with corporate leadership, unions, investors, and other stakeholders of the two manufacturers to design an orderly restructuring that would put the companies on a path to stability. Treasury Secretary Timothy Geithner recognized …
Lessons Learned: Ron Bloom,
2022
Yale University
Lessons Learned: Ron Bloom, Mary Anne Chute Lynch
Journal of Financial Crises
Ron Bloom served as senior adviser to Secretary of the Treasury Timothy Geithner on President Barack Obama’s Task Force on the Automotive Industry and as assistant to the president for manufacturing policy (2009–2011). As senior adviser on the Auto Task Force team, Bloom helped lead the restructuring of General Motors and Chrysler LLC. Subsequently, he advised the Obama administration with policy development and strategic planning to revitalize the manufacturing sector. Bloom brought to Treasury his unique experience working with organized labor (including the United Steelworkers Union, United Auto Workers, the Teamsters, the Air Line Pilots Association), and in the investment …
Lessons Learned: Brian Stoker,
2022
Yale School of Management School of Management
Lessons Learned: Brian Stoker, Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
Brian Stoker served in Merrill Lynch’s structured credit division for seven years, producing and trading asset-backed securities (ABS). In 2005, Stoker moved to Citigroup as a director of ABS CDO (collateralized debt obligation) and CLO (collateralized loan obligation) structuring. After the financial crisis, Stoker was an analyst at Carlson Capital for three years. In 2011, he joined StormHarbour Securities, serving as a managing director until 2018. From 2019 to 2021, he was director of securitization at Korth Direct Mortgage. Presently, Stoker is a licensed real estate agent in Miami. This Lessons Learned summary is based on an interview with Stoker.
Lessons Learned: Chris Ricciardi,
2022
Yale School of Management
Lessons Learned: Chris Ricciardi, Matthew A. Lieber, Steven H. Kasoff
Journal of Financial Crises
Chris Ricciardi was a CDO pioneer who built the structured products units at CS First Boston and Merrill Lynch before moving to the asset management side. Ricciardi began his career structuring novel fixed-income securities at Prudential. At CS First Boston and Merrill, he catapulted each investment bank’s lagging unit into the top of the league tables for CDO (collateralized debt obligation) issuance. He was CEO of Cohen & Co. from 2006 to 2011, when he left to co-found investment management firm Mead Park Management. A graduate of the University of Richmond with an MBA from the Wharton School of the …
Lessons Learned: Eric Kolchinsky,
2022
Yale School of Management School of Management
Lessons Learned: Eric Kolchinsky, Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
Eric Kolchinsky served as managing director of ratings for ABS CDOs (asset-backed security collateralized debt obligations) at Moody’s Investor Services from 2005 to 2007. Kolchinsky started his career in structured finance with stints at Goldman Sachs and Merrill Lynch. He joined Moody’s in 2000 as vice president for credit. In 2007, after Kolchinsky raised questions concerning the ratings of new deals in light of subprime downgrades, Moody’s removed him from his client-facing position. Kolchinsky supervised methodology for structured finance valuations at Moody’s Analytics for two years, before Moody’s suspended him altogether in 2009. Separated from Moody’s, Kolchinsky testified before Congress …
Lessons Learned: Stephen King,
2022
Yale School of Management
Lessons Learned: Stephen King, Matthew A. Lieber, Steven H. Kasoff
Journal of Financial Crises
Stephen King started his career in finance at Bankers Trust in 1997 as a computer scientist with a business degree. He worked on structured credit transactions when credit derivatives were just being invented. In 2005, King joined Barclays’ structured credit group, where he managed a CDO (collateralized debt obligation) correlation desk that was different from standard dealer CDO units. In 2009, he launched C12 Capital Management to relieve Barclays of distressed subprime positions. Presently, King finances and builds luxury hotels as founder and CEO of Sardis Developments. This Lessons Learned summary is based on an interview with King.
Lessons Learned: Sohail Khan,
2022
Yale School of Management
Lessons Learned: Sohail Khan, Matthew A. Lieber, Steven H. Kasoff
Journal of Financial Crises
Sohail Khan was managing director of fixed-income sales at Citigroup from 2005–09. Khan started his finance career in 1996, after completing his MBA at Lahore University of Management Sciences (LUMS). Khan gained broad experience in product structuring and sales of credit derivatives at Citigroup. As managing director during the subprime securitization boom and bust, he was involved with institutional sales of asset-backed securities (ABS) including collateralized debt obligations (CDOs); his clients were hedge funds, structured vehicles, and institutional buyers. In 2009, Khan left Citigroup to co-found StormHarbour Securities, a boutique investment bank he has headed since as managing principal. This …
Lessons Learned: Steven H. Kasoff,
2022
Yale University
Lessons Learned: Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
Steve Kasoff was employed at Elliott Management Corporation from 2003 until 2020. His responsibilities centered on developing the structured products and real estate groups at Elliott. He was made senior portfolio manager, a member of the firm’s management committee, and equity partner. Kasoff has extensive experience in the origination, trading, and management of structured products such as collateralized debt obligations (CDOs) and mortgage-backed securities, including earlier posts at Deutsche Bank, Merrill Lynch, and Lehman Brothers. He earned his BA in economics from Yale College and his MBA in finance from the Wharton School of the University of Pennsylvania. In 2016, …
Lessons Learned: James Finkel,
2022
Yale School of Management School of Management
Lessons Learned: James Finkel, Steven H. Kasoff, Matthew A. Lieber
Journal of Financial Crises
A Wall Street veteran specializing in structured credit transactions, Jim Finkel was co-founder and director of the structured credit asset management firm Dynamic Credit Partners (DCP) from 2003 to 2009. Finkel started his career as a securities lawyer for the international law firm Cadwalader, Wickersham & Taft LLP, before moving over to the banking side in 1992. He specialized in mortgage-backed securities and collateralized loan obligations (CLOs) for several firms, including Bear Stearns and Deutsche Bank, where he headed the London-based CLO group. In 2003, Finkel returned to New York to launch and run DCP. In 2010, he joined financial …
Anatomy Of A Trade: The Making Of A Subprime Cdo,
2022
Yale University School of Management
Anatomy Of A Trade: The Making Of A Subprime Cdo, Steven H. Kasoff
Journal of Financial Crises
This article presents a short story, a sketch in eight parts of a single fictitious subprime collateralized debt obligation (CDO) transaction. The story is informed by expert interviews, documentary research, and the author’s firsthand experience.
