PHOENIX, Arizona, Oct. 22 -- The Arizona Commerce Authority issued the following news on Oct. 21, 2024: * * * Facility will put high-quality development and manufacturing for short half-life theranostic products within reach * * * MESA, AZ (October 21, 2024) -- Nucleus RadioPharma, the world's first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals, today announced that it has signed a lease and committed to build a new manufacturing facility  more

KANSAS CITY, Missouri, Oct. 15 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics - Mountain-Plains Regional Information Office issued the following report entitled "Consumer Price Index, Midwest Region - September 2024": * * * Area prices were unchanged in September, up 2.5 percent over the year * * * Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged in September, the U.S. Bureau of Labor Statistics repor  more

KANSAS CITY, Missouri, Oct. 18 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics - Mountain-Plains Regional Information Office issued the following report entitled "Women's Earnings in Colorado - 2023": * * * In 2023, Colorado women who were full-time wage and salary workers had median usual weekly earnings of $1,235, significantly below the $1,505 median usual weekly earnings of their male counterparts, the U.S. Bureau of Labor Statistics reported today. Assistant Commissi  more

KANSAS CITY, Missouri, Oct. 18 (TNSres) -- The U.S. Department of Labor's Bureau of Labor Statistics - Mountain-Plains Regional Information Office issued the following report entitled "Women's Earnings in Missouri - 2023": * * * In 2023, Missouri women who were full-time wage and salary workers had median usual weekly earnings of $915, significantly below the $1,091 median usual weekly earnings of their male counterparts, the U.S. Bureau of Labor Statistics reported today. Assistant Commission  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-026B) in September 2024 by Serdar Birinci and Kurt See entitled "The Implications of Labor Market Heterogeneity on Unemployment Insurance Design." Here are excerpts: * * * We digitize state-level and time-varying unemployment insurance (UI) laws on initial eligibility, payment amount, and payment duration and combine them with microdata on labor market outcomes to estimate  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-027A) in October 2024 by Alexander Bick, Adam Blandin, and David J. Deming entitled "The Rapid Adoption of Generative AI." Here are excerpts: * * * Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the first nationally representativ  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-032A) in September 2024 by Guillaume Vandenbroucke entitled "Battles and Diseases in the U.S. Civil War." Here are excerpts: * * * Wars create short-term fluctuations in mortality. Belligerents might mitigate their own casualties with larger armies that hinder their opponent's fighting ability. But diseases are frequent in wars and, thus, may reduce the benefits of larger   more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-030A) in September 2024 by Lutz Hendricks, Tatyana Koreshkova, and Oksana Leukhina entitled "College Access and Intergenerational Mobility." Here are excerpts: * * * This paper studies how college admissions preferences for low income students affect intergenerational earnings mobility. We develop a quantitative model of college choice with quality differentiated colleges.  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-028A) in October 2024 by Inmaculada Martinez-Zarzoso and Ana Maria Santacreu entitled "Cross-border Patenting and the Margins of International Trade." Here are excerpts: * * * This paper investigates the impact of cross-border patenting on the margins of international trade using disaggregated data on international patenting and trade flows. We develop a theoretical framew  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-035A) in October 2024 by Subhayu Bandyopadhyay and Devashish Mitra entitled "Heterogeneous Capital Ownership, Partial Democracy and Political Support for Immigration." Here are excerpts: * * * This paper analyzes and compares equilibrium immigration levels of some popular political economy models in the context of unequal capital holdings. We show that immigration rises (f  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-031A) in September 2024 by Yu-Ting Chiang and Ezra Karger entitled "Nominal Maturity Mismatch and the Liquidity Cost of Inflation." Here are excerpts: * * * We document a liquidity channel through which unexpected inflation generates substantial welfare losses. Household balance sheets are nominal maturity mismatched: nominal liabilities have a longer duration than nominal  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-034A) in October 2024 by Christopher J. Neely entitled "The economic effects of a potential armed conflict over Taiwan." Here are excerpts: * * * This article examines the likely economic effects of a Chinese invasion or blockade of Taiwan for the U.S. and the world by considering historical precedents. Such a conflict would likely produce a flight-to-safety in the asset   more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-033B) in September 2024 by Maximiliano A. Dvorkin and Brian Greaney entitled "The geography of wealth: shocks, mobility, and precautionary savings." Here are excerpts: * * * The spatial distribution of wealth in the United States is very heterogeneous, with important differences within and across US states. We study the distribution of wealth in a country and how it is sha  more

ST. LOUIS, Missouri, Oct. 21 (TNSres) -- The Federal Reserve Bank of St. Louis issued the following white paper (No. 2024-029A) in October 2024 by Kevin L. Kliesen entitled "What the Transcripts Reveal About the FOMC's Pre-Emptive Easing in July 1995." Here are excerpts: * * * At their September 2024 meeting, the FOMC began reducing the federal funds target rate and indicating the likelihood of additional reductions by the end of the year and into 2025. The FOMC took this action because of fa  more

ATLANTA, Georgia, Oct. 22 -- The office of the U.S. Attorney for the Northern District of Georgia issued the following news release: Truist Bank (Truist), based in Charlotte, North Carolina, has agreed to pay the United States $9,125,000 to resolve claims under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). These claims relate to the administration of certain trust accounts by SunTrust Bank (SunTrust) from December 2011 through December 2015. SunTrust was acq  more

WASHINGTON, Oct. 22 -- The U.S. Department of Justice issued the following news release on Oct. 21, 2024: Truist Bank (Truist), based in Charlotte, North Carolina, has agreed to pay the United States $9,125,000 to resolve claims under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), in connection with the administration of certain trust accounts by SunTrust Bank (SunTrust) from December 2011 through December 2015. SunTrust was acquired by Branch Banking and Trus  more