A Change to Policy on All-Cash Housing Purchases Reveals How Anonymous Capital Can Distort Markets

Until 2016, anonymous buyers could purchase US real estate in cash through shell companies without reporting their real identities. But that year a new Treasury Department regulation closed this loophole in key US housing markets—and sparked an enormous drop in these types of transactions. The result points to how important anonymous capital flows are for global money launderers.  

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Editors’ Briefing: This Week in Political Economy (August 11–18)

Elizabeth Warren’s new bill seeks to radically alter US corporate governance; America’s top CEOs earned 312 times more than their average workers last year; regulators are after Facebook for discriminatory housing ads; Elon Musk faces no more than a slap on the wrist from the SEC, experts say; and what is “the biggest policy mistake of the last decade”?  

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Any Press is Good Press? Study Finds Federal Investigations of University Responses to Sexual Misconduct Cases May Help Enrollments

Despite concerns among administrators that news coverage of campus sexual assault will harm universities’ reputations and bottom lines, a study finds an increase in applications and enrollment for both female and male students following federal Title IX investigations highlighting the issue on campuses.

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