Money Issues Links
President, CEO of Federal Reserve Bank of St. Louis: Importance of Studying Innovations in Payment Technologies
"I have argued that cryptocurrencies may be creating a movement toward non-uniform currency in the U.S. — a system that society has disliked historically. In the pre-Civil War era, the majority of the U.S. money supply consisted of privately issued banknotes. Publications listed and frequently updated the going exchange rates for different currencies in particular locations. Similar to today’s global currency system, the pre-Civil War era was characterized by exchange rate chaos, with currencies constantly fluctuating against one another. People didn’t like that system, and a uniform currency was implemented in the U.S. during the Civil War. But cryptocurrencies may unwittingly be pushing us back in the direction of a non-uniform currency system." more »
Kaiser Health News: Why Black and Hispanic Seniors Are Left With a Less Powerful Flu Vaccine
The racial and ethnic gaps are wider in doctors’ offices than pharmacies, which are more likely to stock both high-dose and standard vaccines, said Dr. Salaheddin Mahmud, director of the Vaccine and Drug Evaluation Centre at the University of Manitoba and first author in the report, which was funded by Sanofi. Mahmud found that Southerners were less likely to get the high-dose vaccine than other Americans, and high-dose vaccine appeared to be less available in communities where more than 20% of the population were minorities. A decision to give all seniors the enhanced shots isn’t as simple as it seems... Since none of the vaccines have great efficacy in older people, the most important thing is to cocoon the vulnerable by “vaccinating the people around them,” said ... a family doctor in Albuquerque. more »
Kaiser Health News: Pharma Cash to Congress
"Kaiser Health News uses campaign finance reports from the Federal Election Commission (FEC) to track donations from political action committees (PACs) registered with the FEC by pharmaceutical companies. Totals include donations to the principal campaign committees and leadership PACs for current members of Congress. We include only donations to members for election cycles in which they hold office (even if they weren’t in office for the full cycle, in the case of special elections)... Discover which lawmakers rake in the most money (or the least) and which pharma companies are the biggest contributors. Or use our search tool to look up members of Congress by name or home state, as well as dozens of drugmakers that KHN tracks." more »
GAO Report Released March 15th, '22 - Women in Management: Women Remain Underrepresented in Management Positions and Continue to Earn Less Than Male Managers
"Women continue to be underrepresented in management roles in the U.S. workforce, with a slight increase in 2019 compared to our 2010 report. Female managers continued to earn less than male managers, with the pay gap remaining unchanged. Among other things, our analysis of Census Bureau data showed that in 2019:
An estimated 42% of managers were women, which was less than the percentage of women in the overall workforce (48%). Female managers were more likely to be younger, more educated, and unmarried — and less likely to be White than male managers. Full-time female managers earned 71 cents for every dollar earned by full-time male managers." more »