Commondreams.org: “Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of Americans gained $21 trillion in wealth since 1989 while the bottom 50 percent lost $900 billion. Matt Bruenig, founder of the left-wing think tank People’s Policy Project, broke down the… Continue Reading
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Category Archives: Economy
How remote work is quietly remaking our lives
Vox – recode: “…The changes remote work has introduced have happened so gradually you may not have noticed. But its growing popularity is remaking how we work, the tools we use to work, how we communicate at work, and even the hours we work. It’s also connected to population shifts from big cities to less… Continue Reading
Worker pay is stagnant – economists blame robots
CBS News: “American workers are more productive than ever, but their paychecks haven’t kept pace. Researchers with the Federal Reserve Bank of San Francisco have a culprit: robots. Economists Sylvain Leduc and Zheng Liu theorize that automation is sapping employees’ bargaining power, making it harder for them to demand higher wages. Companies across a range of industries… Continue Reading
How Cost Management Needs to ‘Save to Transform’
Knowledge@Wharton: [Omar Aguilar, strategic cost transformation global market offering leader at Deloitte Consulting], you’ve recently done your second biennial global cost survey. How long have you been doing these surveys, globally and in the U.S.? Omar Aguilar: We’ve been doing it since 2008 in the U.S. and globally over the last couple of years. We… Continue Reading
Beware of Automated Hiring – It won’t end employment discrimination
The New York Times Opinion: “Algorithms make many important decisions for us, like our creditworthiness, best romantic prospects and whether we are qualified for a job. Employers are increasingly using them during the hiring process out of the belief they’re both more convenient and less biased than humans. However, as I describe in a new… Continue Reading
Legal Authority to Repurpose Funds for Border Barrier Construction
CRS report via FAS – Legal Authority to Repurpose Funds for Border Barrier Construction. Updated October 2, 2019: “President Trump has prioritized the construction of border barriers along the U.S.-Mexico border. Over the course of negotiations for FY2019 appropriations, the Administration asked Congress to appropriate $5.7 billion to the Department of Homeland Security (DHS) for… Continue Reading
The Rich Really Do Pay Lower Taxes Than You
The New York Times – “Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy. His claim sparked a debate about the fairness of the tax system. In the… Continue Reading
Cable companies use hidden fees to raise prices 24% a month
“A Consumer Reports analysis of cable bills found that companies add $37.11 per month in fees to the average bill, raising consumers’ actual costs way above the advertised prices. The $37.11 “in fees created by the cable industry” add 24% to the average base price of $156.71 a month, Consumer Reports said. That doesn’t include… Continue Reading
GAO launches New Science & Tech Spotlights
GAO WatchBlog: “GAO has launched a new line of science and tech quick reads, 2-pagers providing brief overviews of key topics in the field. To complement our more in-depth evaluations and assessments, these “Science & Tech Spotlights” summarize emerging innovations and the relevant policy context. In today’s WatchBlog we provide a thumbnail sketch of the… Continue Reading
Ten Applications of Financial Machine Learning
López de Prado, Marcos, Ten Applications of Financial Machine Learning (September 22, 2019). Available at SSRN: https://ssrn.com/abstract=3365271 or http://dx.doi.org/10.2139/ssrn.3365271 “This article reviews ten notable financial applications where ML has moved beyond hype and proven its usefulness. This success does not mean that the use of ML in finance does not face important challenges. The main… Continue Reading
In the Salary Race, Engineers Sprint but English Majors Endure
The New York Times – “…The conventional wisdom is that computer science and engineering majors have better employment prospects and higher earnings than their peers who choose liberal arts. This is true for the first job, but the long-term story is more complicated. The advantage for STEM (science, technology, engineering and mathematics) majors fades steadily… Continue Reading
Fortune Global 500
“The world’s 500 largest companies generated $32.7 trillion in revenues and $2.15 trillion in profits in 2018. Together, this year’s Fortune Global 500 companies employ 69.3 million people worldwide and are represented by 34 countries. Click here to view past years’ lists: 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 InteractiveVisualize the Global… Continue Reading
