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Sean McClure

U.S. Treasury Encourages China to Explain Policy Shifts

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On 9-1-15 Jason Lange reported in Reuters that an unnamed Treasury official encouraged China to explain its policies to financial markets and to make a shift to consumer spending to stimulate growth.   Lange highlights that doubts over China’s policy direction has led to turmoil in the financial markets.  For more information see:

http://www.reuters.com/article/2015/09/01/us-g20-usa-idUSKCN0R14IR20150901

 

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Solar City and U.S. Treasury Grants

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On 8-28-15 in Market Realist Saania Malik showed how SolarCity used Treasury grants to offset the costs of revenue.   Its an interesting article on how a company uses the tax credits and how those business choices impact the long term sustainability of the company.

SCTY-Gross-Margin

http://marketrealist.com/2015/08/solarcitys-revenue-streams-cost-revenues/

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Treasury Proposes New Rules for Investment Advisors

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On 8-25-15, Joel Schectman wrote in the Wall Street Journal’s Risk and Compliance Journal about Treasury’s Financial Crimes Enforcement Network (FINCen) proposed rule which would require advisers with assets of more than $100 million to adopt many of the requirements in force for banks.

“Investment advisers are on the front lines of a multi-trillion-dollar sector of our financial system,” said FinCEN Director Jennifer Shasky Calvery in a statement. “If a client is trying to move or stash dirty money, we need investment advisers to be vigilant in protecting the integrity of their sector.”

Seetha Ramachandran, an attorney with Schulte Roth & Zabel LLP, says while many hedge funds already follow AML best practices, the new reporting requirements will be costly.

The comment period is for 60 days.

 

http://blogs.wsj.com/riskandcompliance/2015/08/25/treasury-proposes-money-laundering-controls-for-investment-advisers/

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Federal Contractors Learn to Diversify

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Robert McCartney wrote in the Washington Post on 8-29-15 about how many federal contractors are learning to adapt to the reduction in federal budgets by diversifying.  The article highlights that the federal contracts in the region was about $11 billion a year.   It also discuss the challenges to regional coordination to achieve alternative sources of revenue to achieve growth.

http://www.washingtonpost.com/local/heres-how-dc-business-thinks-region-should-react-to-painful-sequestration/2015/08/29/be5b78dc-4c44-11e5-902f-39e9219e574b_story.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

China dumping U.S. Treasurys?

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Matt Clinch discussed on 8-28-15 on CNBC China’s acceleration in the selling of its dollar-denominated debt reserves.

China is the biggest holder of reserve assets in the world, holding a combination of bonds, currencies and commodities like gold. It held $1,271 billion in U.S. Treasurys at the end of June, according to data from the Treasury Department.

Rabobank argued that Beijing’s selling of Treasurys probably reflected capital flight out of China, which would push the yuan down. This in turn would reflect concern over the Chinese economy which would “very probably result in falling inflation expectations globally.”

http://www.cnbc.com/2015/08/28/china-dumping-treasurys-heres-what-you-must-know.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

National Women’s Hall of Fame will Host a Town Hall to discuss $10 bill

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From Long Island.com, On 8-26-15 Sen. Schumer announced that the National Woman’s Hall of Fame in Seneca Falls NY will host  Treasurer of the United States Rosa “Rosie” Rios in Seneca Falls, NY, which Rios_signswill serve as a site for one of the Department’s public input town halls on the new $10 bill design. Schumer explained that, in June, Secretary of the Treasury, Jack Lew announced the $10 bill would be redesigned to feature a woman in spirit of the 100th anniversary of the 19th Amendment, which guaranteed women the right the vote.

The town hall is set to take place this Monday, August 31, 2015, from 1-2pm in Seneca Falls with Treasurer of the United States Rosie Rios. It will take place at the historic Wesleyan Chapel, located at 126 Fall Street, Seneca Falls, NY, where the original 1848 Seneca Falls Women’s Rights Convention was held.

http://www.longisland.com/news/08-26-15/schumer-new-10-bill-design.html

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

 

Ades Stone and Howard of Women On 20s OP-ED on Treasury’s Choice of the $10 vs $20

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On 8-25-15 The New York Daily News posted an op ed piece by Ades Stone and Howard of “Woman on the 20’s”, about the Treasury’s choice of denomination the $10 or $20.   Woman on the 20’s is an organization that has held on an online poll where 600,000 voted to change the $20.

http://www.nydailynews.com/opinion/stone-howard-woman-place-20-article-1.2337105

 

 

http://www.womenon20s.org/

https://seanmcclure.net/sen-kirsten-gillibrand-urges-treasury-department-to-put-a-woman-on-the-20-bill-instead-of-the-10

About me: Sean McClure is currently a Federal Employee with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State.  He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.

Sen. Kirsten Gillibrand urges Treasury Department to put a woman on the $20 bill instead of the $10

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Sen. Kirsten Gillibrand joined 64 House members from 24 states wrote to Treasury Secretary Jack Lew asking him to delay plans to replace Hamilton, the nation’s first Treasury Secretary and a Founding Father who advocated for a strong federal government and a National Bank that was a Federal Reserve predecessor. (Dan Firedman/Daily News)

http://www.nydailynews.com/news/politics/gillibrand-woman-20-bill-10-article-1.2324009

 

About me: Sean McClure is currently a Federal Employee with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State.  He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.

Boltr Service Robot Rolls Out in Aloft Hotels

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Aloft Hotels, owned by Starwoord Hotels and Resorts  https://www.nyse.com/quote/XNYS:HOT, has rolled out Boltr or SaviOne by Savioke.   Savioke is a venture start up with $2 million in capital, one of the funders  is Google.  The SaviOne complements Aloft’s model which they brand as contemporary and innovative hotel chain.

I can see a lot of options for robots like this in hospitals, offices and in warehouses.  Not sure about the R2D2 sounds and the anthropomorphic dots for eyes.  I wonder if their VOC list as a high priority those features or if they are just traits of over processing.

 

https://youtu.be/F70He3mVrUQ

http://www.savioke.com/

A  5 minute video about Boltr by Savioke with CEO Steve Cousins.  Aloft hotels is rolling this out.   Aloft is

 

http://www.starwoodhotels.com/alofthotels/index.html?&language=en_US&localeCode=en_US

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

Sea Levels Rise by 3 Inches Since 1992

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From NASA:  Seas around the world have risen an average of nearly 3 inches since 1992, with some locations rising more than 9 inches due to natural variation, according to the latest satellite measurements from NASA and its partners. An intensive research effort now underway, aided by NASA observations and analysis, points to an unavoidable rise of several feet in the future.

NASA has alot of good information in the press release and in the details link below:

http://www.nasa.gov/press-release/nasa-science-zeros-in-on-ocean-rise-how-much-how-soon

http://svs.gsfc.nasa.gov/cgi-bin/details.cgi?aid=11978

Chris Mooney from the Washington Post has been following this issue and the NASA debriefs (links are below)

http://www.washingtonpost.com/news/energy-environment/wp/2015/08/28/why-nasas-so-worried-that-greenlands-melting-could-speed-up/

http://www.washingtonpost.com/news/energy-environment/wp/2015/08/26/the-troubling-reasons-why-nasa-is-so-focused-on-studying-on-sea-level-rise/

About me: Sean McClure is a former Senior Advisor at the White House.  Sean is currently the Suspension and Debarment Advisor to the Department of the Treasury and with over 15 years of experience working at the White House, Department of the Treasury, USAID, and Department of State. He has traveled extensively to 35 countries in Africa, Asia, Latin America and Europe.  

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