Crypto News 

Indonesia: New Legislation Recognizes Crypto as Trading Commodity

“Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15” writes Ana Alexandre for cointelegraph.com. Today, Bappebti reportedly approved regulation No. 5/2019 that recognizes Bitcoin and other digital currencies as a trading commodity.Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June.The new policy reportedly outlines a set of requirements in regard to any cryptocurrency circulating in Indonesia. Source: cointelegraph.com

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Markets News 

Economics After Neoliberalism: Market fetishism is a perversion of economics

“The share of academic publications that use data and carry out empirical analysis has increased substantially in all sub-fields within economics and currently exceeds 60 percent in labor economics, development economics, international economics, public finance, and macroeconomics (Angrist et al., 2017)” reports bostonreview.net. Other labor market institutions are needed to take advantage of free lunches created by monopsony and other labor market failures in the segment of the labor market where most workers find themselves.In short, neoliberalism appears to be just another name for economics.Neoliberalism—or market fundamentalism, market fetishism, etc.—is…

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News Regulators Reviews 

Policy Daily Review February 15, 2019

Policy Daily Review for February 15, 2019 EUR/GBP: Downside capped as UK government losing motion, hard Brexit still on the cards EUR/GBP was better bid after the pound dropped around 1.5c vs the buck yesterday, for no apparent reason as the dollar marched on within its uptrend,   UK: Lawmakers reject government motion seeking to reaffirm support for PM May British lawmakers have rejected PM May’s main Brexit motion that seeks to reaffirm support for May’s plan to seek changes to her Brexit deal, 303 vs 2   UK PM…

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News 

EXCLUSIVE: The first interview with Trump’s new science adviser

“It may serve him well as the new director of the White House Office of Science and Technology Policy (OSTP), which helps coordinate and create science policy across the U.S. government” writes Jeffrey Mervis for sciencemag.org. The new science adviser to President Donald Trump has studied the causes and effects of extreme weather for nearly 4 decades. So, you maybe heard a bit more about technology,” Droegemeier says. “Now, you’ll be hearing a bit more about the science side.”.  Source: sciencemag.org

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News 

More than 76 million Americans don’t pay federal income taxes, but it’s not usually the luxury you might think

“According to Tax Policy Center data, 26.7 million Americans owe neither income nor payroll taxes for the 2018 tax year” writes Tanza Loudenback for businessinsider.com. However, some taxes are certain for everyone, regardless of income, including sales taxes, excise taxes, and property taxes.Millions of Americans don’t owe taxes on their income because they don’t earn enough money.That is, the payments the lowest-income households receive from refundable credits exceed any income tax they owe,” the Tax Policy Center’s tax briefing book reads.She may also claim the child tax credit (CTC), which…

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News 

Large majorities of Americans support almost all of the key ideas in Alexandria Ocasio-Cortez’s Green New Deal

“Further, “the economy” and “jobs” regularly appear at or near the top of the list for Americans’ policy goals for the federal government” writes Eliza Relman for businessinsider.com. While responding to climate change is important to many, it’s not typically policy issue number one for large groups of Americans. Source: businessinsider.com

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News Regulators Reviews 

Policy Daily Review February 14, 2019

Policy Daily Review for February 14, 2019 Understanding the 199A Deduction After The New IRS Final Regulations A new deduction for small business owners can save thousands on taxes each year, but qualifying to the deduction can be complex. New IRS guidelines help explain some of the complexity, but the details of making the deduction work still require some careful planning and expertise.   What To Expect From CME Group’s Q4 CME Group had a fairly strong first three quarters of 2018, as the exchange managed to grow its revenue…

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News Regulators Reviews 

Policy Daily Review February 13, 2019

Policy Daily Review for February 13, 2019 Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown – US Market Open Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown – US Market Open   EUR/JPY: Fragile on 125 handle on dovish ECB outlook EUR/JPY has been sent up to a key resistance level through 125 the figure as EUR/USD bears get squeezed below the 1.13 handle as price moves to test t   Dow climbs by about 200 points at the open as worry…

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News 

Are you ready for the future of work?

“Despite the decline of manufacturing jobs, productivity has grown, and millions of new jobs have been created” reports washingtonexaminer.com. Blockchain, artificial intelligence, machine learning, the Internet-of-things, and 3D printing are disrupting the economy and the labor market.Since World War II, the U.S. has increased its manufacturing output with fewer workers thanks to automation.Instead, adaptation requires continual learning, updating of existing technical skills, development of new skills, and improving soft skills (such as emotional intelligence). Source: washingtonexaminer.com

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News Regulators Reviews 

Policy Daily Review February 12, 2019

Policy Daily Review for February 12, 2019 Brazil’s New Government Is Promising Wall Street The Moon Economic Minister Paulo Guedes is making promises he probably cannot keep.   Fed’s Bowman: ‘Comfortable’ with current monetary policy stance Federal Reserve Board Governor Michelle Bowman in her first public speech on Monday said that she was comfortable with the current monetary policy sta   EUR/USD in Focus as EU Finance Ministers Discuss Trade, Budget The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council…

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