Policy & Advocacy
Top stories summarized by our editors
3/28/2017

Hedge funds and corporate investors are increasingly turning away from equities, leaving small, retail investors to drive the market, according to this analysis. That has experts wondering whether the bull market is sustainable.

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Bloomberg
3/28/2017

Senate and House leaders are working to create a spending package by April 28 in order to avoid a possible government shutdown. President Donald Trump has requested emergency funding of more than $30 billion for defense and security programs.

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Bloomberg, USA Today
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President Donald Trump
3/28/2017

The Tennessee Senate approved a bill that could allow the state to move and rebury the remains of former President James K. Polk and his wife. If the measure draws enough approval, the 11th president would be moved from his tomb near the state Capitol in Nashville to his hometown of Columbia, Tenn.

3/28/2017

Country music singer Toby Keith has joined with the Ashland Community Foundation in Kansas to raise money for wildfire relief efforts. Keith recorded a PSA for the group, asking for donations to help areas hit by fires this month.

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Toby Keith
3/28/2017

A package of Florida proposals aimed at reining in "rogue" condo association boards has gained initial approval from state House and Senate committees. The bills would make it a crime for boards to refuse to turn over records, rig association elections and falsify documents.

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state House, Senate
3/28/2017

HOAs that have their funds deposited into a bank account by a management company can access Federal Deposit Insurance Corp. insurance if the bank fails, not if the management company fails. The maximum insured amount is $250,000 at each bank as long as the management company meets the rules for pass-through deposits.

3/28/2017

A bill in the Texas Legislature that would take away local jurisdictions' ability to ban short-term rentals contains an exemption for HOAs, meaning HOAs would still be able to ban rentals on platforms such as Airbnb. Texas cities are lobbying against the bill because they feel it depreciates neighborhoods.

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Airbnb
3/28/2017

President Donald Trump's proposed elimination of the National Endowment for the Arts would hit New York City especially hard, as more NEA funding goes there than to any other city. About 10% of the NEA's annual budget of almost $150 million went to New York City arts groups last year.

3/28/2017

A growing number of couples are asking for charitable donations in lieu of traditional wedding gifts, and are using charity-oriented registries such as Good Beginning, Blueprint Registry and SimpleRegistry. "I think there's a growing awareness among millennials that what you do with your whole life should reflect your values," said Melissa Berman, CEO of Rockefeller Philanthropy Advisors.

3/28/2017

Among public-policy foundations with "sunset provisions," left-leaning organizations are spending at a slower rate than their right-wing counterparts, resulting in faster sunsetting among the latter, according to the Manhattan Institute.

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Manhattan Institute