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Category Archives: Financial System

These are the world’s most competitive economies

World Economic Forum: “How well countries adapt to the Fourth Industrial Revolution (4IR) will determine whether they ‘thrive’ or ‘stagnate’ and could further divide workforces and increase social tensions, according to the latest version of the World Economic Forum’s Global Competitiveness Report. Almost 40 years after its first annual assessment of the global economy, the Forum’s 2018 report uses new methodology to understand the full impact of the 4IR, and finds factors including human capital, agility, resilience, openness and innovation becoming increasingly important. The new index measures 140 economies against 98 indicators, organized into 12 ‘pillars’ or drivers of productivity, to determine how close the economy is to the ideal state or ‘frontier’ of competitiveness. The US topped the rankings, being ‘closest to the competitiveness frontier’, with Singapore, Germany, Switzerland and Japan, completing the top five. At the other end of the scale, Haiti, Yemen and Chad were found to be the least competitive economies. Competitiveness is not only associated with higher incomes, but also better socioeconomic outcomes, including life satisfaction…”

Federal Reserve Payments Study finds U.S. payments fraud a small but growing fraction of overall payments

Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study. October 2018: “The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015–outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study’s survey of… Continue Reading

Trump Administration Reform and Reorganization Plan: Discussion of 35 “Government-Wide” Proposals

Trump Administration Reform and Reorganization Plan: Discussion of 35 “Government-Wide” Proposals, CRS memorandum, July 25, 2018. “This memorandum provides a brief summary and some preliminary analysis of the Donald J. Trump Administration’s recent proposals to restructure and reform agencies, programs, and operations in the executive branch. Specifically, the memorandum covers the 32 proposals characterized by the… Continue Reading

The 2018 Legal Trends Report

Above the Law – “Key data reveals the state of the legal profession. What is the Legal Trends Report and how can this report help law firms better their practice? In this On the Road report from the Clio Cloud Conference 2018, host Laurence Colletti and I welcome George Psiharis to discuss how much time… Continue Reading

A global tipping point: Half the world is now middle class or wealthier

Brookings report – Half the world is now middle class or wealthier: “…Our “middle class” classification was first developed in 2010 and has been used by many researchers. While acknowledging that the middle class does not have a precise definition that can be globally applied, the threshold we use in this work has the following characteristics:… Continue Reading

NYT Interactive – Every building in America – Where We Live

The New York Times – “On this page you will find maps showing almost every building in the United States…Created by Times graphic designer Derek Watkins and former Times editor Tim Wallace, the project relied on a Microsoft database of building footprints that The Times team turned into graphics, in which buildings are black and… Continue Reading

OECD – Job Creation and Local Economic Development 2018

Job Creation and Local Economic Development 2018 – Preparing for the Future of Work: “This third edition of Job Creation and Local Economic Development examines the impact of technological progress on regional and local labour markets. It sheds light on widening regional gaps on job creation, workers education and skills, as well as inclusion in… Continue Reading

Pew – Women and Leadership 2018

“Two years after Hillary Clinton became the first woman to win the presidential nomination of a major U.S. political party, and with a record number of women running for Congress in 2018, a majority of Americans say they would like to see more women in top leadership positions – not only in politics, but also… Continue Reading

IMF – World Economic Outlook October 2018

“The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff’s analysis and projections of economic developments at the global level, in major country groups and in many individual countries. The WEO is released in April and September/October each year.… Continue Reading

AP Working past 65? It’s easier to do if you graduated college

AP – “Close to one in five Americans who’s 65 or older is still working, the highest percentage in more than half a century. And the one who’s still working may be better off. As more and more Americans delay retirement, it’s those with a college degree that find it easiest to keep working past… Continue Reading

Unlocking the Treasury Market through TRACE

Liberty Street Econimics – New York Fed – Unlocking the Treasury Market through TRACE Doug Brain, Michiel De Pooter, Dobrislav Dobrev, Michael Fleming, Peter Johansson, Collin Jones, Frank Keane, Michael Puglia, Liza Reiderman, Tony Rodrigues, and Or Shachar. “The U.S. Treasury market is widely regarded as the deepest and most liquid securities market in the world,… Continue Reading

Trump’s International Ratings Remain Low, Especially Among Key Allies

Most still want U.S. as top global power, but see China on the rise – “America’s global image plummeted following the election of President Donald Trump, amid widespread opposition to his administration’s policies and a widely shared lack of confidence in his leadership. Now, as the second anniversary of Trump’s election approaches, a new 25-nation… Continue Reading