Author: Admin

Abstract We examine the effects of tariffs in a two-country specific-factors model with endogenous illegal immigration. While tariffs generate the usual terms-of-trade gains in goods markets for the host country, they also raise wages and attract additional illegal immigration. Increased immigration-related costs and higher wage costs of hiring immigrants may reduce the welfare of citizens of the host country. We also show that within the context of our two-nation framework, free trade need not maximize joint welfare when illegal immigration and certain immigration-related costs are present. Finally, we analyze a sequential game in which the host nation announces a contingent…

Allegra Marketing Print Mail in Urbandale has awarded print, marketing and mail services to the Urbandale Community Action Network through its 2026 FootPRINT Fund program, an annual initiative providing donated services to nonprofits. Over the past decade, the program has contributed more than $125,000 in services across the region. The company also recently hosted a promotional products showcase for local businesses, featuring vendor exhibits, networking opportunities and branded merchandise demonstrations aimed at enhancing customer engagement. Additionally, Allegra Des Moines received a Systemwide Sales Growth Award from Alliance Franchise Brands, recognizing it among the top 10 franchise locations for year-over-year revenue…

Speeches by the governors of national central banks in the Eurosystem have a similar effect on bond yields to those by European Central Bank executive board members, a new paper finds – though the governors’ influence is still dwarfed by that of the ECB’s president.Klodiana Istrefi, a principal economist at the ECB, wrote the paper with Florens Odendahl from the Bank of Spain and Giulia Sestieri from the Banque de France. It was published on June 20.The three researchers created a dataset Only users who have a paid subscription or are part of a corporate subscription are able to print…

For centuries, institutions have played a central role in organizing society. Governments enforce laws, banks facilitate financial transactions, courts resolve disputes, and corporations coordinate economic activity. These institutions exist because trust is difficult to establish between strangers. They provide rules, oversight, and accountability that enable large-scale cooperation.Today, advances in software, blockchain technology, artificial intelligence, and smart contracts have sparked a provocative question: Can code replace institutions?While code is increasingly taking over functions traditionally performed by institutions, the answer is more nuanced than a simple yes or no. Rather than completely replacing institutions, code is reshaping how they operate and challenging…

The Zacks Coal industry is facing multiple headwinds as the use of coal in U.S. thermal power plants continues to decline. Per the U.S. Energy Information Administration (“EIA”), in 2026, demand for coal is projected to decline as usage of renewable sources increases for electricity generation. In addition, given the ongoing energy transition, marked by utility operators systematically phasing out coal assets, coal demand is expected to drop in 2026.Amid the ongoing drop in coal usage and production, investors can watch coal stocks like Core Natural Resources, Inc. CNR, Alliance Resource Partners ARLP and Ramaco Resources METC, which have high-quality…

The competitive landscape for enterprise banking in New Zealand is facing a major digital overhaul. Revolut, the global financial super-app commanding a network of more than 75 million users worldwide, has officially gone live with Revolut Business across New Zealand. The geographic expansion marks a significant push into the Asia-Pacific (APAC) B2B sector. Globally, Revolut’s business vertical has matured into a powerhouse, with annualized revenues recently scaling past $1.65billion NZD while supporting a base of more than 800,000 corporate clients. The B2B rollout follows a period of hyper-growth for Revolut’s local consumer segment in the country, which recently recorded its…

Financial advisers would tell you to rebalance your portfolio at a midyear check-in. Make these 4 money moves instead.

Key PointsIn June 2022, I made what was likely a mistake by choosing to buy Advanced Micro Devices (NASDAQ: AMD) stock over Nvidia (NASDAQ: NVDA). It was a cheaper stock in terms of valuation, and this was before Nvidia’s “ChatGPT moment,” when the market discovered the power of Nvidia’s AI accelerators.Also, buying AMD is only a mistake in a relative sense. It is still up around 560% from my initial buy price, less than the approximate 1,240% gain in Nvidia but far above the S&P 500’s gain.Where to invest $1,000 right now? Our analyst team just revealed what they believe…

Australian lawyer and prominent XRP community commentator Bill Morgan has been in the news headlines as he called on Ripple to relock less of its monthly 1 billion XRP escrow release. According to Morgan, accelerating the path to full circulating supply would establish XRP as a credible hard money asset and eliminate the supply overhang that continues to weigh on sentiment. The argument is not new in outline, but the specifics of Morgan’s framing push it into sharper territory, and Ripple’s own CTO Emeritus has already drawn a clear line on how far the company is willing to go. LEGAL…

The structural landscape of global equity derivatives has undergone a permanent, high-velocity transformation. The catalyst is the proliferation of same-day expiry options, universally categorized as Zero-Days-to-Expiration (0DTE) contracts. Originally introduced as niche instruments, 0DTE contracts now routinely command over 50% of the aggregate daily volume across major equity complexes like the S&P 500 (). While retail participants frequently deploy these instruments as high-leverage lottery tickets for afternoon momentum, and institutional overlays utilize them for rapid yield harvesting, their sheer volume exerts an aggressive, non-discretionary force on the cash equity float. The Mathematical Singularity of Time Expiration The core challenge presented…