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Category Archives: Economy

Financial Technology: Agencies Should Provide Clarification on Lenders’ Use of Alternative Data

Financial Technology: Agencies Should Provide Clarification on Lenders’ Use of Alternative Data, GAO-19-111: Published: Dec 19, 2018. Publicly Released: Dec 19, 2018. “Financial technology—or “fintech”—can help connect lenders and borrowers online. Some fintech lenders told us that they use alternative data to help determine borrowers’ creditworthiness. For example, lenders may supplement traditional data (such as… Continue Reading

Changes in the Arctic: Background and Issues for Congress

EveryCRSReport.com – Changes in the Arctic: Background and Issues for Congress, December 13, 2018: “The diminishment of Arctic sea ice has led to increased human activities in the Arctic, and has heightened interest in, and concerns about, the region’s future. The United States, by virtue of Alaska, is an Arctic country and has substantial interests… Continue Reading

Before the Electric Car Takes Over, Someone Needs to Reinvent the Battery

Bloomberg: “Solid-state technology promises to be cheaper and charge faster than anything on the road today. But no one is close to figuring it out. To deliver an electric vehicle that’s cheaper, safer and capable of traveling 500 miles on a single charge, the auto industry needs a breakthrough in battery technology. Easier said than done. Scientists… Continue Reading

Age discrimination is more common than you think. Why aren’t we doing anything about it?

Washington Post: “When you dive into popular literature on retirement, you could be forgiven for thinking there are hordes of Americans in their late 50s or early 60s, desperate to leave the paid workforce as soon as they can. Blog posts and academic studies beg people to hold off on collecting Social Security until the… Continue Reading

A Lot of Government Information Is Freely Available

GAO Watchblog: “From health and education statistics to budget and spending information, the federal government produces a lot of information, or data. Agencies are making more and more of this data open for everyone to use. Our recent report identified 5 key practices that can help the government’s open data reach a wide range of… Continue Reading

Searching for images of CEOs or managers? The results almost always show men.

Washington Post: “Men dominate Google image searches for most jobs — even for bartender, probation officer and medical scientist, roles in which women outnumber men. In 57 percent of occupations, image searches indicate the jobs are more male-dominated than they actually are. There’s evidence this skewed picture discourages women from aspiring to dozens of careers… Continue Reading

Government shutdown: By the numbers

CNNPolitics: “As the government shutdown nears the end of its second week, around 800,000 federal workers remain out of work or working without pay. Tens of thousands of people working for federal contractors are out of work as well. Here’s a closer look at some of the numbers behind what is shaping up to be… Continue Reading

Restoring Congress for the People

Restoring Congress for the People: New Congress New Rules H. Res. 6 – Adopting the Rules of the House of Representatives for the One Hundred Sixteenth Congress, and for other purposes. ::  Section by Section Summary Axios – “THE NEW MAJORITY — PELOSI and JIM MCGOVERN (D-MASS.), incoming House Rules Committee chairman, rolled out House… Continue Reading

The pernicious impact of monopolies in the U.S.

The New Republic – The One Issue the Left and Right Can Agree On – “In November, not long after Amazon announced that it would build its second headquarters in New York City and northern Virginia, Alexandria Ocasio-Cortez, the newly elected representative from Queens and the Bronx, tweeted that she’d been getting calls from residents… Continue Reading

Under Donald Trump, budget deficit projected to reach $1 trillion

AP: “Borrowing, spending and budget deficits have soared during Mr. Trump’s first two years with a Republican-led Congress. The red ink for the current fiscal year is projected to reach nearly $1 trillion, up from a deficit of $833 billion in fiscal 2018. The smallest federal budget deficit in the past decade was $458 billion,… Continue Reading

Economists calculate the true value of Facebook to its users in new study

Corrigan JR, Alhabash S, Rousu M, Cash SB (2018) How much is social media worth? Estimating the value of Facebook by paying users to stop using it. PLoS ONE 13(12): e0207101. https://doi.org/10.1371/journal.pone.0207101 “Facebook, the online social network, has more than 2 billion global users. Because those users do not pay for the service, its benefits… Continue Reading

Firm Led by Google Veterans Uses A.I. to ‘Nudge’ Workers Toward Happiness

The New York Times: “Technology companies like to promote artificial intelligence’s potential for solving some of the world’s toughest problems, like reducing automobile deaths and helping doctors diagnose diseases. A company started by three former Google employees is pitching A.I. as the answer to a more common problem: being happier at work. The start-up, Humu,… Continue Reading