Category «Economy»

Can the Internet of Everything bring back the High-Growth Economy?

This article by Michael Mandel – who is the chief economic strategist at the Progressive Policy Institute and a senior fellow at Wharton’s Mack Institute for Innovation Management: “The United States and the other major advanced economies are currently stuck in a seemingly endless twilight of slow growth. The numbers are ugly: The April 2013 …

Subjects: Economy, Financial System, Government Documents, Internet

Disability Shocks Near Retirement Age and Financial Well-Being

“Using Health and Retirement Study data, we examine three groups of adults aged 51–56 in 1992 with different disability experiences over 8 years. Our analysis reveals three major findings. First, people who started and stayed nondisabled experienced stable financial security, with improvement in household wealth despite labor force withdrawal. Second, the newly disabled—people who started as nondisabled …

Subjects: E-Government, Economy, Financial System, Government Documents

The LexisNexis® 15th Annual Mortgage Fraud Report

The LexisNexis® 15th Annual Mortgage Fraud Report, August 2013 “As the mortgage industry heads into the latter part of 2013, the housing market is showing signs of positive growth. According to the National Association of Realtor’s (NAR) Pending Home Sales Index (PHSI) which is based on purchase contracts, in May 2013, pending home sales were …

Subjects: Economy, Financial System, Government Documents

Global Consistency in Financial Regulation

Global Consistency in Financial Regulation: Is the glass half full, half empty, or just more transparent? Remarks by Wayne Byres, Secretary General, Basel Committee on Banking Supervision, at the RiskMinds Risk and Regulation Forum, Nice, France, 10 September 2013: “…bankers are somewhat despondent, lamenting gaps and inconsistencies, while regulators are focusing on the good and steady progress …

Subjects: Economy, Financial System, Government Documents

The Fight Against Money Laundering In The Digital Currency Age

“Like many illegal activities, money laundering is undergoing a revolution of sorts. That’s because technology, from online casinos and social media websites to the introduction of digital currencies, is offering alternative pathways for criminals to launder illegal profits. In spite of significant regulations designed to deter money laundering in the U.S. financial system, instituted shortly …

Subjects: Economy, Financial System, Government Documents, Legal Research

Assessing the macroeconomic impact of OTC derivatives regulatory reforms

Assessing the macroeconomic impact of OTC derivatives regulatory reforms – Lunch remarks by Mr Stephen G Cecchetti, Economic Adviser and Head of Monetary and Economic Department of the BIS, prepared for the Emerging Markets Dialogue on OTC derivatives Johannesburg, South Africa, 12-13 September 2013. “Today I would like to discuss the findings of the Macroeconomic Assessment Group on …

Subjects: Economy, Financial System

What Americans Think Five Years After the Crash

Five Years After the Crash: What Americans Think about Wall Street, Banks, Business, and Free Enterprise “examines public opinion in the immediate aftermath of the 2008 crash and in the years since. How have attitudes changed toward America’s financial system? By comparing hundreds of survey questions from major pollsters, we provide an informative account of …

Subjects: Economy, Financial System, Government Documents, Legal Research, Legislation

Striking it Richer: The Evolution of Top Incomes in U.S.

Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 preliminary estimates). Emmanuel Saez • September 3, 2013 “What’s new for recent years? 2009-2012: Uneven recovery from the Great Recession From 2009 to 2012, average real income per family grew modestly by 6.0%. Most of the gains happened in the …

Subjects: Economy, Financial System, Government Documents

Factoryless Goods Producers in the US

Factoryless Goods Producers in the US. Andrew B. Bernard and Teresa C. Fort.  NBER Working Paper No. 19396. August 2013 “This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the …

Subjects: Economy, Financial System