“The distribution of wealth across the globe is anything but even. North America is home to just 4.9% of the world’s population — and 26.5% of its wealth. Meanwhile, South Asia is home to 23.7% of the global population but owns just 3.6% of global wealth. While gross domestic product provides an accurate picture of the size of a nation’s economy, gross national income, or GNI, is a more precise measure of citizens’ financial well-being, especially when considering GNI per capita. GNI includes GDP as well as the net income of the country’s residents obtained outside the country’s borders. In the United States, the annual GNI per capita of $53,245 is at least 21 times the GNI per capita in each of the world’s 25 poorest countries. In the Democratic Republic of the Congo, the poorest country in the world, GNI per capita is only $680 a year…”
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Daily Archives: November 21, 2016
Mapping the Origins of Redlining the United States
Center for Data Visualization – Mapping the Origins of Redlining the United States “A team of professors and students from the University of Richmond, the University of Maryland, Johns Hopkins University, and the Virginia Polytechnic Institute have created a data visualization called Mapping Inequality that combines 150 interactive maps of cities in the United States… Continue Reading
New blog on financial regulatory reform
“President-Elect Trump’s transition website promises to “dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.” To help our clients keep up with the reorientation of the financial regulatory framework, Davis Polk is launching a new blog, FinRegReform.com. Our most recent entry on the blog is our memorandum… Continue Reading
GW Libraries collect millions of election tweets
GW Hatchet student newspaper – Colleen Grablick, Hatchet Reporter Issue: November 20, 2016. Updated: Nov. 21, 2016 at 10:50 a.m. “Library staff collected more than 3.6 million tweets for political science and communications research on election night. On GW Libraries’ website, students and faculty can skim academic articles, check on the status of requested books and,… Continue Reading
Robo-Journalism and Capital Markets
Blankespoor, Elizabeth and deHaan, Ed and Zhu, Christina, Robo-Journalism and Capital Markets (November 7, 2016). Available for download at SSRN: https://ssrn.com/abstract=2872784 “In 2014, the Associated Press (AP) began using algorithms to write media articles about firms’ earnings announcements. These “robo-journalism” articles synthesize information from firms’ press releases, analyst reports, and stock performance, and are widely… Continue Reading
Is use of social media damaging your focus and concentration at work?
Preoccupations – Quit Social Media. Your Career May Depend on It. – By Cal Newport – “Our increasing addiction to the constant stimulus of updates, likes and posts is damaging our ability to concentrate deeply and focus on work that matters” Continue Reading
Renters More Likely to Be Food Insecure Than Homeowners
“About 10.5 million American households, or roughly 8.9 percent, reported that in the past month their access to adequate food was limited by a lack of money and other resources, according to new 2015 American Housing Survey statistics released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.… Continue Reading
401(K) Plans: Effects of Eligibility and Vesting Policies on Workers’ Retirement Savings
401(K) Plans: Effects of Eligibility and Vesting Policies on Workers’ Retirement Savings, GAO-17-69: Published: Oct 21, 2016. Publicly Released: Nov 21, 2016. “GAO’s nongeneralizable survey of 80 401(k) plans ranging in size from fewer than 100 participants to more than 5,000 and its review of industry data found that many plans have policies that affect… Continue Reading
