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Category Archives: Economy

Symphony sets out to conquer Bloomberg in financial and legal sectors

re/code: “The Bloomberg terminal makes up a significant part of the world’s financial nervous system. The machine is parked on the desks of over 325,000 financial pros who pay $24,000 a year to use it. And while it’s packed with data and news, its most popular feature by far is its instant messaging function, which traders from thousands of different banks andContinue Reading

2015 Global Peace Index reveals increasingly divided world

Institute for Economics and Peace – Peacefulness in Europe reaches an historic high – The Middle East is spiralling into deepening violence – See The 2015 Global Peace Index “Many OECD countries reached historically high levels of peace, boosted by reductions in homicide rates, levels of military expenditure and military engagements. Iceland tops the Index asContinue Reading

Human Capital, Educational Levels and Growth

“Kochav, Yair and Spivak, Avia and Strawczynski, Michel, Human Capital, Educational Levels and Growth (July 21, 2015). Available for download at SSRN: http://ssrn.com/abstract=2634006 “This paper analyzes the transition of countries between educational levels in the period 1970-2010 in order to assess the contribution of human capital to the increase of GDP per employee. Using aContinue Reading

Fewer Banking-Related Federal Civil Lawsuits

Transactional Records Access Clearinghouse: “The latest available data from the federal courts show that during June 2015 the government reported 18 new “banks and banking” civil filings. This number has been trending downward since new filings peaked at 79 during November of 2011. If filings continue at the same pace during the remainder of thisContinue Reading

Number of food recalls and costs to business and society are rising

Swiss Re: “Publication finds that the number of recalls per year in the US has almost doubled since 2002 Food contamination costs US health authorities USD 15.6 billion per year; nearly 9 million Americans became sick from contaminated food in 2013 alone Half of all food recalls cost the affected companies more than USD 10Continue Reading

Social Security Disability Trust Fund Projected Depleted by 2016

“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds.  The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, one year later than projected last year, with 79 percentContinue Reading

How to establish an online Social Security account

“My Social Security Week is a good opportunity to learn more about opening an online Social Security account. Even if you’re nowhere near retirement, having an account will help you track your earnings, give you quicker access to manage the benefits you may be receiving, and much more. Plan for your future, and join the over 20Continue Reading

Financial Resource Guides for Newcomers to US

“Throughout the United States, people unfamiliar with our financial marketplace are more likely to fall prey to frauds and schemes. Low English literacy can make it even harder to manage money safely and effectively on a day-to-day basis. To help, the Consumer Financial Protection Bureau (CFPB) developed a series of guides that provide information aboutContinue Reading

ALA releases National Policy Agenda for Libraries

ALA News: “Libraries are in a revolution fueled by rapid advances in technology, and thus the roles, capabilities, and expectations of libraries are changing rapidly. National public policy for libraries must reflect these changes. Today the American Library Association (ALA) released a National Policy Agenda for Libraries to guide a proactive policy shift. “Too often,Continue Reading

Millions of Children Living in High-Poverty Areas

Annie E. Casey Foundation: “The 2015 KIDS COUNT Data Book reports that 14% of children — 10.1 million total — are now living in areas of concentrated poverty.  These numbers represent an unsettling trend: An increase of nearly 4 million more children living in high-poverty areas since 2000.  State-by-state, the percentage of children living inContinue Reading

CFPB Consumer Complaint Database

“The Consumer Complaint Database is a collection of 420,678 complaints, on a range of consumer financial products and services, sent to nearly 3,000 companies for response. We don’t verify all the facts alleged in these complaints, but we take steps to confirm a commercial relationship between the consumer and the company. See publication criteria.  SinceContinue Reading

EU structural financial indicators: 2014

Decline in number of bank branches continues in most EU countries Number of bank employees down by about 74,000 to around 2.8 million Share of assets of five largest institutions at national level varies from 32% to 94% “The European Central Bank (ECB) has published a comprehensive dataset of structural financial indicators for the bankingContinue Reading