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Category Archives: Economy

FastCompany on the Future of Facebook

Harry McCracken – FastCompany – Facebook is firing on all cylinders. Now Mark Zuckerberg is looking to the decade ahead, from AI to VR to drones.

“The Facebook of today—and tomorrow—is far more expansive than it was just a few years ago. It’s easy to forget that when the company filed to go public on February 1, 2012, it was just a single website and an app that the experts weren’t sure could ever be profitable. Now, “a billion and a half people use the main, core Facebook service, and that’s growing. But 900 million people use WhatsApp, and that’s an important part of the whole ecosystem now,” Zuckerberg says. “Four hundred million people use Instagram, 700 million people use Messen­ger, and 700 million people use Groups. Increasingly, we’re just going to go more and more in this direction.” To further grow these services and any others that Facebook develops or acquires, Zuckerberg is betting his company’s future on three major technology initiatives. One is developing advanced artificial intelligence that can help Facebook understand what matters to users. The second is virtual reality, in the form of Oculus VR, the groundbreaking company that Facebook acquired in March 2014 for $2 billion, which Zuckerberg believes will be the next major technology we use to interact with each other. And the third is bringing the Internet, including Facebook, of course, to the 4 billion–plus humans who aren’t yet connected, even if it requires flying a drone over a village and beaming data down via laser.”

Liquidity Management in Banking: What is the Role of Leverage?

Vo, Quynh Anh, Liquidity Management in Banking: What is the Role of Leverage? (October 2015). Swiss Finance Institute Research Paper No. 15-51. Available for download at SSRN: “This paper examines potential impacts of banks’ leverage on their incentives to manage their liquidity. We analyse a model where banks control their liquidity risk by managingContinue Reading

Study – Where Have All the Low-Income Students Gone?

Higher Education Today – “In the upcoming edition of The Presidency, ACE’s Chris Nellum and Terry Hartle discuss a surprising and deeply troubling trend: A steep decline in the percentage of low-income students enrolling in college immediately after graduating from high school. Their article is posted in its entirety below. Since 2008, an intensive nationalContinue Reading

The Economist identifies the state of financial literary using a simple test

Global financial literacy – The Economist – November 26, 2015 “Suppose you put $100 in a savings account that earns 10% interest each year. After five years how much will you have? That was a question posed in a multiple-choice quiz (completed by 150,000 people in 144 countries) by Standard & Poor’s, a rating agency.Continue Reading

UK Leadership for Libraries Taskforce

UK Gov – Department for Culture, Media and Sport – Corporate report Leadership for Libraries Taskforce: six month progress report April – September 2015. Published 26 November 2015. “The library can be the buzzing heart of a local community, or a peaceful space for quiet reflection; it’s a source of information, entertainment and inspiration; aContinue Reading

UK Bookseller Association and ‘Civilised Saturday’

Via Good – Forget Black Friday—Spend ‘Civilised Saturday’ in an Independent Bookstore Instead by Rafi Schwartz “There is a certain sense of specifically English pride involved in the event, a backlash to what’s perceived as the American vibe of Black Friday, a fairly new addition to the British calendar. “Black Friday appeared quite suddenly in the U.K., and sinceContinue Reading

Federal Reserve Board announces enhanced supervision of large and complex banking organizations

“The Federal Reserve Board on Tuesday announced that it is implementing several recommendations to enhance the supervision of large and complex banking organizations. The recommendations were developed after an extensive review of Reserve Bank procedures for supporting consistent and sound supervisory decisions as well as methods used by Reserve Banks to resolve differing staff opinionsContinue Reading

UVA – 10 ways to map Northern Virginia

Luke Juday November 23, 2015: “As though the New Jersey suburbs were grafted onto South Carolina” is how Robert Lang of Virginia Tech’s Metropolitan Institute described Northern Virginia. Of course that’s a bit of a hyperbole. Even at the time of the Civil War, Virginia was one of the least “Southern” members of the Confederacy. Today,Continue Reading

Completion of Professional, Scientific & Technical Services

“The 2012 Economic Census concludes the Geographic Area Series for the professional, scientific and technical services sector. This series includes statistics for legal services, accounting and tax preparation, computer systems design, and advertising and public relations services. The files provide statistics on the number of establishments, receipts/revenue, payroll, number of employees and other data itemsContinue Reading

The Islamic State – Frequently Asked Questions: Threats, Global Implications, and U.S. Policy Responses

CRS – The Islamic State — Frequently Asked Questions: Threats, Global Implications, and U.S. Policy Responses,  John W. Rollins, Specialist in Terrorism and National Security. Heidi M. Peters, Information Research Specialist. November 19, 2015. “When addressing threats emanating from the Islamic State (IS), numerous strategy and operational considerations arise that might be of interest toContinue Reading

Census Report – Wives’ Earnings Make Gains Relative to Husbands’

“Between 2000 and 2015, the share of married couples where the wife earned at least $30,000 more than the husband increased from 6 to 9 percent, according to statistics released today by the U.S. Census Bureau. Married couples where the husband earned at least $30,000 more than the wife decreased from 38 to 35 percent.Continue Reading

Gartner – Turn Voice of the Customer Into Competitive Advantage

IT can lead the charge to give the customer a full voice and the enterprise unprecedented insights into its customers.  November 17, 2015, Contributor: Scott Smith. “Too often, the voice of the customer (VoC) gets lost across multiple data collection points, mired in separate systems, and trapped in departmental silos. IT can lead the chargeContinue Reading