Pulse: Macro


News from India - from Lalcap India Report

India’s monsoon rains (June–September) deliver about 70% of the country’s annual rainfall. This is crucial for farmers as only about 45% of farmland has irrigation. The balance 55% has to rely on the kindness of the Rain Gods for their livelihood. The monsoon rains are thus very critical in a country where nearly 65% of India’s 1.3 billion people depend on agriculture for a living.

EconVue Spotlight

“Peak Globalization” and the Future of Democracy

The world may be headed toward “peak globalization”. This shift could empower individuals and communities to strengthen democracy, while easing some of the most troublesome aspects of globalization.

FinTech Chicago

Chicago FinTech executives and developers celebrate, examine, and help create the future of money and finance through a series of events April 24 – 30. As the week approaches, Chicago takes the fifth spot in a new list of global financial technology hubs, based on FinTech innovation research by Deloitte.

Taking the Long View: Financial Sector Regulatory Overhaul and the Trump Administration

Donald Trump vowed as candidate and newly elected president to “do a number” on Dodd Frank, the sweeping 2010 financial services and consumer regulatory reforms and Dodd Frank’s sidekick, the Volcker Rule. While directives by presidential fiat to Trump’s Treasury Secretary, Steven Mnuchin, and regulators to take initial steps, the congressional action needed to overturn Dodd Frank is far less certain. 

Pot Payments

In doing some research on the why legal cannabis businesses cannot get bank accounts, I came across a letter on cannabis business regulation sent last week by the governors of four states to U.S. Attorney General Jeff Sessions and U.S. Secretary of the Treasury Steve Mnuchin. Give pot a chance, the letter essentially asks.

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