Member News

European Commission Approves the EU-US Privacy Shield

On July 12, 2016, the European Commission announced its final approval of the EU-US Privacy Shield (the “Shield”).  Once signed by both the EU Minister of Justice and the US Secretary of Commerce, the Shield will replace the US Department of Commerce Safe Harbor Program, one of several mechanisms that allowed companies in the EU to transfer personal data from the EU to the US.  Previously, the Safe Harbor registration created a comparatively streamlined way for US companies to...

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Member News

What “Brexit” means for employers and employees

"Brexit" is coming: In the referendum on 23 June 2016, 51.9 percent of Britons spoke out in favor of the withdrawal of the United Kingdom from the European Union (EU). Admittedly, the result of the referendum does not yet constitute a formal step towards withdrawal and there is speculation about whether the withdrawal proceedings pursuant to Article 50 of the Treaty on European Union (TEU) are going to be initiated in the short term or not. Regardless of that,...

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Member News

Eyeglasses: A Simple, Yet Impactful, Solution to Vision Impairment

The world is in dire need of vision correction – especially in less developed nations. The Vision Impact Institute is a research partner to an exciting and productive coalition called EYElliance, comprised of public, private, non-governmental organizations and other partners who are working together to meet the world’s need for eyeglasses. At the recent World Economic Forum in China, EYElliance, a coalition of public, private and non-governmental organizations (NGOs) released a report outlining how the outlook for the world population’s...

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Chapter News

IMF Executive Board Concludes 2016 Article IV Consultation with France

On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with France. The recovery is solidifying. The economy is projected to expand by 1.5 percent this year, primarily driven by strong consumer spending. There are also signs of a cyclical recovery in investment, and the slump in residential construction appears to be bottoming out. By contrast, net exports are declining as demand from trading partners has slowed. Private sector job creation...

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New York Related News

Governor Cuomo Announces $13.1 Million For Agricultural Water Quality Conservation Projects

Governor Andrew M. Cuomo today announced that $13.1 million has been awarded for 42 agricultural water quality conservation projects across the state, benefiting over 120 farms. The funding, provided to 25 County Soil and Water Conservation Districts through the Agricultural Nonpoint Source Abatement and Control Program, supports projects that allow farmers to address water quality challenges in priority watersheds. Together, these projects will work to prevent water pollution, reduce erosion and limit the amount of harmful sediments and other...

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Chapter News

More and more Europeans are experiencing lack of water; Ministers call for a common solution

Climate change and associated alternating periods of drought and floods were the main topics of the Ministerial Conference on Water and the informal EU Environment Council. The debate has clearly shown that each EU country is experiencing this phenomenon differently. Some states are suffering prolonged droughts, others more frequent floods, and still others are experiencing both types of extreme events. For example, the Mediterranean is experiencing longer-lasting water shortages, and according to some prognoses there is a risk that the...

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Chapter News

What’s going on in Europe? – A view from the Deutsche Bundesbank

Speech by Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank at the World Affairs Council and American Council on Germany, San Francisco Monday, 11 July 2016 Ladies and gentlemen It is a great pleasure for me to be here in San Francisco with you and with these two distinguished organizations. You know, when we agreed on the title and the date of this event, I was expecting to give a talk on the economic situation in the euro...

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Member News

Littler: Workplace Policy Institute Insider Report — July 2016

Littler's Workplace Policy Institute Insider Report details key labor, employment, and benefits news and events at the federal, state, local, and global levels. The July edition of the Insider Report includes a discussion of legislative and litigation efforts to block recent federal agency rulemaking, White House and DOL initiatives to promote equal pay and target sex discrimination, key end-of-term Supreme Court actions, and new state-level employment laws and ballot initiatives. The Report contains the following sections: Insider Briefing . In the weeks...

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Member News

CMBX Activity: CMBX Spreads Plunge While CMBS Spreads Narrow; S&P 500 Hits All-Time High

In one of those weird 21st century fads (think "virtual pets") people around the US are taking to the streets, looking for Pokémon characters through their smartphone apps. (Didn't they know they've been lurking in Times Square for years?) The game was launched by Nintendo whose stock price was up more than 30% yesterday based on the popularity of the game. For the last several years, investors have seen yields on government bond go from real to virtual. Yesterday, investors might...

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Chapter News

Statement by U.S. Trade Representative Michael Froman on G-20 Ministerial: Key Outcomes on Environmental Goods, Excess Capacity

Shanghai -- G-20 Trade Ministers meeting in Shanghai, China reached agreement today on a package of outcomes covering WTO multilateral and plurilateral trade agreements and negotiations, investment, and cooperation on global value chains. U.S. Trade Representative Michael Froman hailed the results as a good example of G-20 leadership and shared goals in promoting global trade growth and public support for trade. In particular, the United States achieved strong results on plurilateral negotiations on the Environmental Goods Agreement and global excess...

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