By Diane Swonk, chief economist, Grant Thornton Payroll employment rose by 661,000 jobs in September, less than half the 1.5 million pace we saw in August. Government employment fell by 216,000 with 34,000 of those losses due to a reduction in the ranks of temporary Census workers; the remainder was due to a drop in…
By Yelena Maleyev, economist, Grant Thornton Housing starts, known as new home construction, came in at a seasonally adjusted annual rate of 1.42 million in September, a 1.9% increase from last month’s revised numbers. Single-family starts drove the gains that hit over one million units for the second month in a row; multifamily starts fell…
A 90 minute symposium on how families cohere after the loss of a child. The Larry Kraus Tax Institute for Family Offices’ annual philanthropic program, “Sustaining Families through a Personal Crisis.” The virtual panel discussion focuses on how family members can support each other through a crisis and build resilience in themselves and the young…
By Diane Swonk, chief economist, Grant Thornton Durable goods orders rose 0.4% in August after rising nearly 12% in July due to a surge in defense orders; the July data were revised up. Orders excluding the volatile transportation component also increased 0.4%. Orders for aircraft and motors vehicles contracted over the month. Vehicle sales have…
The SEC is temporarily exempting the securities industry from complying with certain requirements related to the sale and delivery of physical securities under short sale rules in Regulation SHO because of ongoing concerns related to COVID-19, a highly contagious respiratory disease caused by a novel coronavirus. In order to contain the virus, many states have…
By Baker Tilly Accounting Specialists As startup and smaller companies continue to face significant COVID-19 related challenges, the SEC extended a temporary relief from certain regulatory requirements to expedite the crowdfunding process. Among other things, companies do not have to get an independent accountant’s review of the financial statements for certain amounts of offerings under…
A webinar from Asset Managers Tech featuring a presentation from Stanley Zaborowski, M.D. and moderated by AMT’s Joe Sack. Lead in to this Zoom Presentation: Most investment management professionals have been working from home since March, 2020 as a result of COVID – 19. Most business executives believe working from home will be materially impacted…
By Tim Foley and Katherine Doty Hanniford of Alston & Bird LLP The SEC expects registered broker-dealers and investment advisers to take actions to address risks specific to working remotely, like using personal devices, using application-based platforms, and changing the location of physical documents. Alston & Bird LLP attorneys outline measures financial…
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Since the publication in January 2020, barely six months ago, of the first edition of this brochure, the world has witnessed a truly global crisis. Covid-19 started as a health crisis triggered by a pandemic, but the lockdowns which were imposed to halt its spread will cause lasting economic damage the world over. Continuing on…
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