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Category Archives: Economy

Preventing and Responding to Identity Theft

US Cert Security update: Preventing and Responding to Identity Theft “You can be a victim of identity theft even if you never use a computer. Malicious people may be able to obtain personal information (such as credit card numbers, phone numbers, account numbers, and addresses) by stealing your wallet, overhearing a phone conversation, rummaging through… Continue Reading

CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts

“The fiscal transactions of the federal government are recorded in two major sets of accounts that are conceptually quite different. One set is The Budget of the United States Government, prepared by the Office of Management and Budget. The budget is the framework generally used by executive branch agencies and the Congress and is the… Continue Reading

CBO – An Analysis of Corporate Inversions

An Analysis of Corporate Inversions, CBO, September 18, 2017 “U.S. multinational corporations—businesses incorporated and operating in the United States that also maintain operations in other countries—can use a variety of strategies to change how and where their income is taxed. One such strategy is a corporate inversion, which can result in a significant reduction in worldwide… Continue Reading

Wharton – After Equifax, Can Our Data Ever Be Safe?

Follow up to previous posting – Equifax is one of many companies that collect information about you – via Knowledge@Wharton – “In the annals of data breaches, the Equifax hacking stands alone due to its sheer scale: Digital thieves traipsed through the personal information of 143 million Americans for several months to do with it… Continue Reading

40 year study of teen behavior indicates decline in adult activities

The Washington Post – [A new study – The Decline in Adult Activities Among U.S. Adolescents, 1976–2016] published Tuesday [September 19, 2017] in the journal Child Development, found that the percentage of adolescents in the U.S. who have a driver’s license, who have tried alcohol, who date, and who work for pay has plummeted since… Continue Reading

USDA – Household Food Security in the United States in 2016

Household Food Security in the United States in 2016 – “An estimated 87.7 percent of American households were food secure throughout the entire year in 2016, meaning they had access at all times to enough food for an active, healthy life for all household members. The remaining households (12.3 percent) were food insecure at least… Continue Reading

Infographic comparing Bitcoin, Ethereum, and Other Cryptos

Are you confused by the language, structure, operations and frameworks that comprise the growin cryptocurrency universe? Visual Capitalist “…worked with social trading network eToro to come up with an infographic that breaks down the major differences between these coins all in one place.” See also the New York Times – In China’s Hinterlands, Workers Mine… Continue Reading

Equifax is one of many companies that collect information about you

Via NBR/CNBC: “There are literally hundreds of smaller consumer-reporting companies [33-page PDF] operating in the U.S. and the smaller ones are collecting information you might not expect. The Consumer Financial Protection Bureau maintains a self-reported list of the companies. Consider Milliman IntelliScript, for example. The company collects information on the prescription drugs you buy. If… Continue Reading

Statistics for More Than 40 Demographic and Economic Topics Provide Detailed Profiles of Communities Nationwide

“The U.S. Census Bureau today released its most detailed look at America’s people, places and economy with new statistics on income, poverty, health insurance and more than 40 other topics from the American Community Survey. Many states saw an increase in income and a decrease in poverty rates between 2015 and 2016. During that same… Continue Reading

Income, Poverty and Health Insurance Coverage in the United States: 2016

“The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase in… Continue Reading

Paper – Who Owns the Wealth in Tax Havens?

Who owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality. Annette Alstadsæter, Niels Johannesen, Gabriel Zucman. NBER Working Paper 23805 “Drawing on newly published macroeconomic statistics, this paper estimates the amount of household wealth owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held… Continue Reading

Class action suit against Google alleges gender based pay discrimination

Washington Post – “Google faces a new lawsuit accusing it of gender-based pay discrimination. A lawyer representing three female former Google employees is seeking class action status for the claim. The suit, filed Thursday in San Francisco Superior Court, follows a federal labor investigation that made a preliminary finding of systemic pay discrimination among the… Continue Reading