Key Highlights
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When financial institutions hire former regulators, those regulators’ connections, not their expertise, make it less likely that their clients will be accused of fraud. This “revolving door” effect benefits the institutions and the former regulators financially, while retail investors often fail to see through it.
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During the COVID-19 pandemic, U.S. states that relied more on sales taxes for revenue had shorter lockdowns and business closures, likely because they feared the economic impact on tax collection. This shows how a state’s financial structure can unintentionally influence major public health decisions during a crisis.
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Immigrants’ views on abortion tend to shift over time to match those of their new country, even if they move to a place with more conservative attitudes. This challenges the idea that people’s moral views are fixed or only become more liberal, and shows that religion can create a global framework that resists local cultural pressures.
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A study of political upheavals in Mao-era China found that strong social networks and authoritarian structures can contain hidden weaknesses that lead to their own collapse. This research suggests that what looks like powerful collective action can sometimes turn into destructive collective behavior that splits groups and undermines the state.
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The research asks whether public equity investments from the European Investment Fund encourage (“crowd in”) or discourage (“crowd out”) additional private investment. Understanding this effect is crucial for designing public programs that effectively stimulate economic growth without replacing private market activity.
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