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Category Archives: Financial System

New on LLRX – Bots, Big Data, Blockchain, and AI – Disruption or Incremental Change?

Via LLRX.comBots, Big Data, Blockchain, and AI – Disruption or Incremental Change?Ron Friedmann discusses the potential, likely and unlikely impact of high profile disruptive technologies on Big Law – including Bid Data. blockchain, AI and bots.

Secession USA: A Proposal for a 50-State Solution

McGee, Robert W., Secession USA: A Proposal for a 50-State Solution (June 24, 2016). Available for download at SSRN: http://ssrn.com/abstract=2800429 “The UK’s recent exit from the European Union has sparked new interest in secession and has generated debate on the right to secede. The majority of people in the United States are either dissatisfied or… Continue Reading

The Young and the Carless? The Demographics of New Vehicle Purchases

June 24, 2016 – The Young and the Carless? The Demographics of New Vehicle Purchases, Christopher Kurz, Geng Li, and Daniel Vine, Federal Reserve Board: ” U.S. sales of new light vehicles have rebounded strongly since the end of the 2007-09 recession and are considered one of the bright spots of the recovery. Indeed, sales… Continue Reading

Pew survey of Brexit vote reveals sentiments of other EU members

Brexit vote highlighted UK’s discontent with EU, but other European countries are grumbling too – The decision by the United Kingdom to leave the European Union – known as Brexit – shines a spotlight on the divisions in public opinion between the UK and the continental members of the EU, and within the UK on… Continue Reading

Income inequality in the U.S. by state, metropolitan area, and county

Income inequality in the U.S. by state, metropolitan area, and county – Report By Estelle Sommeiller, Mark Price, and Ellis Wazeter, June 16, 2016. Economic Policy Institute. “What this report finds: Income inequality has risen in every state since the 1970s and in many states is up in the post–Great Recession era. In 24 states,… Continue Reading

Paper – A More Timely House Price Index

Anenberg, Elliot and Laufer, Steven, A More Timely House Price Index (June 15, 2016). Available for download at SSRN: http://ssrn.com/abstract=2555765 “Using listings data, we construct a new repeat-sales house price index that describes house values at the contract date when the price is determined rather than the closing date when the property is transferred. We… Continue Reading

Paper – Southern Europe’s Institutional Decline

Challe, Edouard and Lopez, Jose Ignacio and Mengus, Eric, Southern Europe’s Institutional Decline (June 9, 2016). HEC Paris Research Paper No. ECO/SCD-2016-1148. Available for dowload at SSRN: http://ssrn.com/abstract=2792621 “The run up to the euro currency initiated a period of capital inflows into southern European countries, i.e., Spain, Portugal, Italy and Greece. We document that those… Continue Reading

2012 Economic Census Subject Series: Management of Companies and Enterprises

Via Census – “These reports present data for a variety of industry-specific topics, such as end of year inventories, for establishments of firms with payroll. Presentation of data varies by kind of business. This concludes the subject series for the management of companies and enterprises sector.” Continue Reading

GAO – IRS Needs to Update Its Risk Assessment for the Taxpayer Protection Program

Identity Theft and Tax Fraud: IRS Needs to Update Its Risk Assessment for the Taxpayer Protection Program, GAO-16-508: Published: May 24, 2016. Publicly Released: Jun 23, 2016. “Taxpayer Protection Program (TPP). While the Internal Revenue Service (IRS) has made efforts to strengthen TPP—a program to authenticate the identities of suspicious tax return filers and prevent… Continue Reading

Internet trends report 2016 – Mary Meeker

“The 2016 edition of Mary Meeker’s annual Internet Trends report covers today’s Internet growth and an in-depth look at the following: • Global Internet users have surpassed 3B; India has supplanted the US as the world’s second-largest Internet market. • Internet user growth remains consistent (led by acceleration in India), while smartphone user and shipment… Continue Reading

The Growing Size and Incomes of the Upper Middle Class

Urban Institute Research Report,  Stephen Rose, June 21, 2016 – “This report uses absolute income thresholds adjusted for inflation and family size to show that the size of the upper middle class grew from 12.9 percent of the population in 1979 to 29.4 percent in 2014. In terms of shares of total income, the middle… Continue Reading

Pew – More older Americans are working, and working more, than they used to

“More older Americans – those ages 65 and older – are working than at any time since the turn of the century, and today’s older workers are spending more time on the job than did their peers in previous years, according to a new Pew Research Center analysis of employment data from the federal Bureau… Continue Reading