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Category Archives: Economy

Global Findex Database Measuring Financial Inclusion and the Fintech Revolution

“Financial inclusion is on the rise globally, accelerated by mobile phones and the internet, but gains have been uneven across countries. A new World Bank report on the use of financial services also finds that men remain more likely than women to have an account. Globally, 69 percent of adults – 3.8 billion people – now have an account at a bank or mobile money provider, a crucial step in escaping poverty. This is up from 62 percent in 2014 and just 51 percent in 2017 From 2014 to 2017, 515 million adults obtained an account, and 1.2 billion have done so since 2011, according to the Global Findex database. While in some economies account ownership has surged, progress has been slower elsewhere, often held back by large disparities between men and women and between the rich and poor. The gap between men and women in developing economies remains unchanged since 2011, at 9 percentage points. The Global Findex, a wide-ranging data set on how people in 144 economies use financial services, was produced by the World Bank with funding from the Bill & Melinda Gates Foundation and in collaboration with Gallup, Inc.”

TIME – 100 Most Influential People of 2018

The 100 Most Influential People of 2018 [Searchable List] – “TIME’s annual list of the world’s most influential people is a designation of individuals whose time, in our estimation, is happening right now.” Thoughts about each individual on the list are written by a wide range of iconic individuals who likewise have been pioneers in… Continue Reading

Fortune – The World’s 50 Greatest Leaders

The World’s 50 Greatest Leaders – “Though it seems unlikely, Tim Cook and Indira Jaising have something in common besides membership in Fortune’s 2018 ranking of the World’s Greatest Leaders. Cook (No. 14) is the wealthy CEO of Apple, the most valuable publicly traded company on earth; Jaising (No. 20) is an Indian lawyer who… Continue Reading

World Economic Outlook, April 2018 Cyclical Upswing, Structural Change

World Bank: “The global economic upswing that began around mid-2016 has become broader and stronger. This new World Economic Outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling… Continue Reading

Women, Business and the Law 2018

The World Bank: “Women, Business and the Law (WBL) measures gender inequality in the law. The dataset identifies barriers to women’s economic participation and encourages the reform of discriminatory laws…In its 5th edition, Women, Business and the Law introduces scoring to better inform the reform agenda. The report tracks progress made over the past two… Continue Reading

U Penn Behavior Change for Good Initiative

“At the Behavior Change for Good Initiative, we know that solving the mystery of enduring behavior change offers an enormous opportunity to improve lives. We unite an interdisciplinary team of scientists with leading practitioners in education, healthcare, and consumer financial services, all of whom seek to address the question: How can we make behavior change… Continue Reading

Interactive Map Reveals The Richest Zip Codes In America

Bloomberg: “The richest zip code in America is just as exclusive and elite as the people who live there. Fisher Island, located just off the coast of Miami, is accessible only by ferry or water taxi and is a haven for the world’s richest. The 216-acre island has diverse residents, representing over 50 nationalities and… Continue Reading

Inside Cambridge Analytica’s Virtual Currency Plans

The New York Times: “The embattled political data firm Cambridge Analytica quietly sought to develop its own virtual currency in recent months through a so-called initial coin offering, a novel fund-raising method that has come under growing scrutiny by financial regulators around the world. The offering was part of a broader, but still very private… Continue Reading

NY AG Launches Inquiry Into Cryptocurrency “Exchanges”

“Today, New York Attorney General Eric T. Schneiderman launched the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of platforms used by consumers to trade virtual or “crypto” currencies like bitcoin and ether. As part of a broader effort to protect cryptocurrency investors and consumers, the Attorney General’s office sent letters… Continue Reading

Officials Highlight Pay for Performance, Streamlined Firing in New Management Document

Government Executive: “Just weeks after the announcement of President Trump’s management agenda, three agency leaders have put together the first roadmap for implementation of the White House’s workforce goals. In a quarterly report released last week, the Office of Personnel Management, the Defense Department and the Office of Management and Budget described some aspects of… Continue Reading

IRS website unavailable for efiling most of tax day!

IRS electronic filing systems working again after agency’s Tax Day technology meltdown – “The Internal Revenue Service’s system for accepting online tax returns is working again after being inoperational for much of the day Tuesday [April 17, 2018]. IRS officials promised that people hampered by the technology failures would not be penalized for late returns, but… Continue Reading

NBER – The Impact of Artificial Intelligence on Innovation

The Impact of Artificial Intelligence on Innovation, Iain M. Cockburn, Rebecca Henderson, Scott Stern, NBER Working Paper No. 24449. Issued in March 2018. “Artificial intelligence may greatly increase the efficiency of the existing economy. But it may have an even larger impact by serving as a new general-purpose “method of invention” that can reshape the… Continue Reading