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Daily Archives: March 7, 2016

Report – Global Wealth of Millennials Lagging Behind

The Guardian – “Exclusive new data shows how debt, unemployment and property prices have combined to stop millennials taking their share of western wealth. The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world. A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, resulting in unprecedented inequality between generations. A Guardian investigation into the prospects of millennials – those born between 1980 and the mid-90s, and often otherwise known as Generation Y – has found they are increasingly being cut out of the wealth generated in western societies…”

GAO Reports – Medicaid, Provider Networks, Workforce Innovation and Opportunity

Medicaid: Federal Guidance Needed to Address Concerns About Distribution of Supplemental Payments, GAO-16-108: Published: Feb 5, 2015. Publicly Released: Mar 7, 2016. Provider Networks: Comparison of Child-Focused Network Adequacy Standards between CHIP and Private Health Plans, GAO-16-219: Published: Feb 5, 2016. Publicly Released: Mar 7, 2016. Workforce Innovation and Opportunity Act: Information on Planned Changes… Continue Reading

UK Data Services Big Data Support

UK Big Data Network Support – “The public and commercial sectors are continuously generating large amounts of data. These data, ‘big data’, represent a significant resource for society; they can provide a powerful discovery tool for researchers, enabling them to gain valuable insight, but present great challenges for reuse in terms of volume and complexity.… Continue Reading

Department of Defense Dictionary of Military and Associated Terms

Via Steven Aftergood – FAS: “The term “climate change” was included for the first time in the latest revision of the Department of Defense Dictionary of Military and Associated Terms (Joint Publication 1-02), published last week. Climate change is officially defined by DoD as “Variations in average weather conditions that persist over multiple decades or… Continue Reading

Sales of Cars and Car Parts Dealers at $1 Trillion

“Car and car parts dealers (NAICS 441) had sales of $1.0 trillion, representing an increase of 6.5 percent over the previous year, according to new statistics released today from the U.S. Census Bureau’s 2014 Annual Retail Trade Survey. Statistics presented for the entire retail trade sector show (NAICS 44-45) food services and drinking places (NAICS… Continue Reading

NY Fed Blog – Banking Deserts, Branch Closings, and Soft Information

Banking Deserts, Branch Closings, and Soft Information – Donald Morgan, Maxim Pinkovsky, and Bryan Yang – Liberty Street Economics, March 7, 2016. “U.S. banks have shuttered nearly 5,000 branches since the financial crisis, raising concerns that more low-income and minority neighborhoods may be devolving into “banking deserts” with inadequate, or no, mainstream financial services. We… Continue Reading

BIS Statistical Bulletin, March 2016

“The BIS Statistical Bulletin March 2016 [303 pages – PDF] provides an extensive overview of the statistics published by the BIS. Statistics published in the Bulletin are compiled in cooperation with central banks and other national authorities and are designed to inform analysis of financial stability, international monetary spillovers and global liquidity. Some BIS statistics,… Continue Reading

Moving in tandem: bank provisioning in emerging market economies

Bank for International Settlements – Andrés Murcia Pabón and Emanuel Kohlscheen Working Papers No 548, March 2016 “We study the determinants of loan loss provisions and delinquency ratios based on the balance sheets of 554 banks from emerging market economies (EMEs). We find that provisions in EME banks respond mostly to aggregate variables, and very… Continue Reading