{"id":15631,"date":"2025-05-18T01:05:00","date_gmt":"2025-05-18T07:05:00","guid":{"rendered":"https:\/\/www.zmetro.com\/?p=15631"},"modified":"2025-05-18T08:24:00","modified_gmt":"2025-05-18T14:24:00","slug":"5-18","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=15631","title":{"rendered":"5.18"},"content":{"rendered":"\n

We investigate the information content of personal stock trades by IRS officials<\/a>. We collect transaction-level data on over five thousand IRS officials’ personal investments and document substantial trading activity in individual stocks by officials across IRS departments. We find that IRS officials’ trades, predominantly their purchases, generate positive abnormal returns on average, consistent with officials’ information being not yet fully impounded into stock price. Next, we examine whether stock trades by these officials are associated with the firm’s future tax enforcement outcomes. For a given firm, we find IRS officials’ purchases are associated with subsequent decreases in tax reserves and specifically lapses in the statute of limitations. We also find that IRS officials’ sales are associated with subsequent unfavorable tax settlements. These findings suggest that IRS officials possess, and trade on, material tax-related information and that these trades are associated with future tax enforcement outcomes for firms.<\/p>\n\n\n\n

Despite paying dramatically more<\/a> than any other country for healthcare, the United States has fewer physicians per capita than most developed nations.<\/p>\n\n\n\n

\u201cIt was very fast<\/a> \u2014 when they were refuelling in those days \u2014 and there were a few shots which suddenly reminded us of the problem we were facing. Essentially, if you look down on the pitstop from above, there\u2019s your [driver] in the car and all the people looking after that precious parcel and when you look down on a baby on a trolley moving from one place to the other, it\u2019s the same thing.\u201d<\/p>\n\n\n\n

Using \u2018virtual unwrapping<\/a>\u2019, the scroll PHerc. 172 which is housed at the Bodleian Libraries at the University of Oxford has been identified as On Vices<\/em> by the Greek philosopher Philodemus. The ethical treatise, known in full as On Vices and Their Opposite Virtues and In Whom They Are and About What<\/em>, provides guidance for cultivating a virtuous life. In recognition of this achievement, researchers have been awarded the Vesuvius Challenge First Title Prize which includes prize money of $60,000.<\/p>\n\n\n\n

Jones was routinely unavailable<\/a> to make key decisions about the airport, neglecting messages from her staff as well as representatives of Southwest Airlines who had reached out about starting service at the airport, according to documents obtained by the Wisconsin State Journal.<\/p>\n\n\n\n

5 Powerful Persuasion<\/a> Methods for Engineering Managers<\/p>\n\n\n\n

Experts predicted<\/a> that artificial intelligence would steal radiology jobs. But at the Mayo Clinic, the technology has been more friend than foe.<\/p>\n\n\n\n

A new crowd-sourced<\/a> transit platform allows riders to propose, vote on, and activate new bus lines in as little as three days.<\/p>\n\n\n\n

MICHELIN Guide Distinctions<\/a> are now on Apple Maps!<\/p>\n\n\n\n

“Millions for defense, but not a penny<\/a> for tribute.”<\/p>\n\n\n\n

These factors of high costs and low prices<\/a> all led to much of rural America being gutted. Equipment dealers, feed mills, hardware stores all took big hits, if they survived at all.<\/p>\n\n\n\n

Delays and cost overruns<\/a> are in part driven by the Navy\u2019s ship design and acquisition process. Broadly speaking, the Navy creates high-level requirements for complex, multi-role ships, and then outsources the design of these ships to third-party contractors. Once a design is selected, it is turned into production drawings (so-called \u201cdetail designs\u201d), which are used to produce the ships. In an effort to reduce the time it takes to deliver a ship, ship construction is often started before ship design is complete. However, this strategy frequently backfires: as design work is completed, changes to under-construction ships are often required, resulting in costly and time-consuming rework.<\/p>\n\n\n\n

As consumers begin to use AI agents<\/a> to do their shopping, retailers are trying to figure out how to market to bots in addition to humans.<\/p>\n\n\n\n

We seem to be moving to a world where there will be four major AI powers<\/a> \u2014 adding Saudi and UAE \u2014 rather than just two, namely the US and China.  But if energy is what is scarce here, perhaps we were headed for additional AI powers anyway, and best for the US to be in on the deal?<\/p>\n\n\n\n

Funny story SBFs dad helped write<\/a> the Dem tax plan for crypto (obv terrible). And Caroline\u2019s parents contributed to the game theory paper on how to nudge the population into Covid compliance. Shocker<\/p>\n\n\n\n

Never heard a room go quite as fast as when someone suggested to a room of aging HHMI Investigators that they should retire so postdocs can get jobs<\/a>.<\/p>\n\n\n\n

The influential venture capitalist Katherine Boyle is making the case that creating<\/a> things for America\u2014from weapons to rockets to nuclear-energy plants\u2014is pro-family.<\/p>\n\n\n\n

\u201cNow, did we go spend a lot of money in the offseason<\/a>, guys? Let\u2019s call a spade a spade. No we didn\u2019t.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

We investigate the information content of personal stock trades by IRS officials. We collect transaction-level data on over five thousand IRS officials’ personal investments and document substantial trading activity in individual stocks by officials across IRS departments. We find that IRS officials’ trades, predominantly their purchases, generate positive abnormal returns on average, consistent with officials’ […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/15631"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15631"}],"version-history":[{"count":18,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/15631\/revisions"}],"predecessor-version":[{"id":15649,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/15631\/revisions\/15649"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15631"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}