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Category Archives: Financial System

TIME – 100 Most Influential People of 2018

The 100 Most Influential People of 2018 [Searchable List] – “TIME’s annual list of the world’s most influential people is a designation of individuals whose time, in our estimation, is happening right now.” Thoughts about each individual on the list are written by a wide range of iconic individuals who likewise have been pioneers in their respective profession, as well as active and engaged pioneers in change in American society over many decades. Each written bio is also accompanied by a video and photo.

Fortune – The World’s 50 Greatest Leaders

The World’s 50 Greatest Leaders – “Though it seems unlikely, Tim Cook and Indira Jaising have something in common besides membership in Fortune’s 2018 ranking of the World’s Greatest Leaders. Cook (No. 14) is the wealthy CEO of Apple, the most valuable publicly traded company on earth; Jaising (No. 20) is an Indian lawyer who… Continue Reading

World Economic Outlook, April 2018 Cyclical Upswing, Structural Change

World Bank: “The global economic upswing that began around mid-2016 has become broader and stronger. This new World Economic Outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling… Continue Reading

Women, Business and the Law 2018

The World Bank: “Women, Business and the Law (WBL) measures gender inequality in the law. The dataset identifies barriers to women’s economic participation and encourages the reform of discriminatory laws…In its 5th edition, Women, Business and the Law introduces scoring to better inform the reform agenda. The report tracks progress made over the past two… Continue Reading

Interactive Map Reveals The Richest Zip Codes In America

Bloomberg: “The richest zip code in America is just as exclusive and elite as the people who live there. Fisher Island, located just off the coast of Miami, is accessible only by ferry or water taxi and is a haven for the world’s richest. The 216-acre island has diverse residents, representing over 50 nationalities and… Continue Reading

Inside Cambridge Analytica’s Virtual Currency Plans

The New York Times: “The embattled political data firm Cambridge Analytica quietly sought to develop its own virtual currency in recent months through a so-called initial coin offering, a novel fund-raising method that has come under growing scrutiny by financial regulators around the world. The offering was part of a broader, but still very private… Continue Reading

NY AG Launches Inquiry Into Cryptocurrency “Exchanges”

“Today, New York Attorney General Eric T. Schneiderman launched the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of platforms used by consumers to trade virtual or “crypto” currencies like bitcoin and ether. As part of a broader effort to protect cryptocurrency investors and consumers, the Attorney General’s office sent letters… Continue Reading

IRS website unavailable for efiling most of tax day!

IRS electronic filing systems working again after agency’s Tax Day technology meltdown – “The Internal Revenue Service’s system for accepting online tax returns is working again after being inoperational for much of the day Tuesday [April 17, 2018]. IRS officials promised that people hampered by the technology failures would not be penalized for late returns, but… Continue Reading

NBER – The Impact of Artificial Intelligence on Innovation

The Impact of Artificial Intelligence on Innovation, Iain M. Cockburn, Rebecca Henderson, Scott Stern, NBER Working Paper No. 24449. Issued in March 2018. “Artificial intelligence may greatly increase the efficiency of the existing economy. But it may have an even larger impact by serving as a new general-purpose “method of invention” that can reshape the… Continue Reading

CityLab – Since December 16, 1940 New York has not opened another new subway line

Why New York City Stopped Building Subways – Nearly 80 years ago, a construction standstill derailed the subway’s progress, leading to its present crisis. This is the story, decade by decade. “In the first decades of the 20th century, New York City experienced an unprecedented infrastructure boom. Iconic bridges, opulent railway terminals, and much of… Continue Reading

GAO: EPA Administrator Pruitt Broke Law in Buying $43K Private Phone Booth

Summary – “Section 710 of the Financial Services and General Government Appropriations Act, 2017 (section 710) prohibits an agency from obligating an amount in excess of $5,000 to furnish, redecorate, purchase furniture for, or make improvements for the office of a presidential appointee during the period of appointment without prior notification to the appropriations committees… Continue Reading

Visualizing the Pay Gap Between Men and Women in the UK

Center for Data Innovation – “The Financial Times (paywall) has created a collection of data visualizations showing that 89 percent of women in the United Kingdom work at companies with a pay gap favoring men. The newspaper analyzed data from firms with more than 250 employees, which were required to submit data comparing men and… Continue Reading