March 15, 2019 - The Seventh Circuit issued its decision in Gaylor v. Mnuchin today and upheld the constitutionality of the housing allowance under section 107(2) of the Internal Revenue Code.
The Pension Boards-United Church of Christ (PBUCC), a founding member of The Interfaith Center for Corporate Responsibility (ICCR), is taking significant steps toward action on gun violence in America. Gun violence, particularly school shootings, is a concern shared by over 300 faith community members of the organization.
By Rev. Jill E. Olds*
It sounds rather daunting when I put it that way, doesn’t it? I mean, that term can reference a few different things in our church context. Of course, it can refer to the season of autumn that is upon us. Or, it can refer to the concept that all of humanity is broken in some way, in need of being raised up by Jesus.
To be honest, the better performance by the U.S. versus the rest of the world is not entirely unexpected after a strong year for international stocks in 2017. Tax changes and less regulation have stimulated the U.S. economy, but the markets have recently started to gravitate to the idea that the U.S. represents the only investment opportunity in the world. Although Pension Boards’ Funds are allocating a majority of assets to U.S. investments, most experts know the benefits of diversification over the longer term, and international markets should not be ignored, especially when they hold value for the longer-term.
We thought you would like to see a current assessment of emerging markets by GSAM. We will continue to keep you informed on trends influencing global markets and your retirement funds.
*The EM Comeback report is used with permission of Goldman Sachs Asset Management.