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Category Archives: Financial System

Fewer kids are riding and buying bicycles, and the industry is worried

Washington Post: Children’s bicycle manufactures and retailers are bracing for rough times ahead as market research shows fewer kids are riding bikes, while prices for cycling equipment are almost certain to increase because of the Trump Administration’s tariffs on Chinese-made goods. The number of children ages 6 to 17 who rode bicycles regularly — more than 25 times a year — decreased by more than a million from 2014 to 2018, according to the Sports & Fitness Industry Association. That includes both casual rides around the neighborhood and more serious cycling for fitness or competition. And from 2018 to 2019, children’s bicycle sales decreased 7 percent in dollars and 7.5 percent in bikes sold, a drop serious enough that retailers have already goosed prices to make up for lower demand, according to market research firm NPD Group. It’s all caused the American bicycling industry — worth $5.6 billion, according to the National Bicycle Dealers Association — to hunker down in preparation for things to get worse.

The Trump Administration has imposed a 25 percent tariff on $250 billion of Chinese goods, and has threatened to more than double the duties. Those tariffs impact almost every component that goes into a bicycle, from metal frames to fabric seats, plus entire bikes shipped to the U.S. after being assembled in China. Retailers largely pass those costs off to consumers, said Brian Nagel, managing director and research analyst at investment bank Oppenheimer. That could substantially raise the prices of items on the shelves, including bicycle accessories such as helmets, lights and gloves…

GAO identifies potential economic effects of climate change

Climate Change: Opportunities to Reduce Federal Fiscal Exposure. GAO-19-625T: Published: Jun 11, 2019. Publicly Released: Jun 11, 2019. “There were 14 separate billion-dollar weather and climate disaster events in the U.S. in 2018—with a total cost of at least $91 billion. These costs will likely rise as the climate changes, researchers say. The federal government’s… Continue Reading

America Adrift – How the U.S. Foreign Policy Debate Misses What Voters Really Want

Center for American Progress Study, America Adrift, May 5, 2019 – “These days, foreign policy and national security publications are filled with stark warnings about the demise of the U.S.-led rules-based international order—the system of global alliances and institutions that helped advance peace and prosperity for America and its allies in the aftermath of World… Continue Reading

Mary Meeker – Internet Trends 2019

Mary Meeker, general partner at venture capital firm Bond Capital, delivered her annual Internet Trends slideshow – for 2019 it is 333 pages. “Recode has pulled out some of the significant and most interesting trends in Meeker’s report: Some 51 percent of the world — 3.8 billion people — were internet users last year, up… Continue Reading

The Self-Destruction of American Power

Via Axios: “The July/August issue of Foreign Affairs offers what editor Gideon Rose calls “an autopsy of the last decades of American global leadership — the years when U.S. elites squandered the inheritance and good name bequeathed to them.” Fareed Zakaria on “The Self-Destruction of American Power”: Sometime in the last two years, American hegemony… Continue Reading

The United States Now Has a Federal Data Strategy

“Government agencies will implement the Federal Data Strategy through steps identified in annual government-wide Action Plans. These plans will identify priority Action Steps for a given year, incrementally build from year to year, and complement as needed requirements of new statute and policy. The priority of the draft 2019-2020 Federal Data Strategy Action Plan (hereinafter… Continue Reading

Search the Full Text of 3 Million Nonprofit Tax Records for Free

ProPublica – Search the full text of nearly 3 million nonprofit IRS filings, including investments and grants given to other nonprofits. “On June 6, 2019] we launched a new feature for our Nonprofit Explorer database: The ability to search the full text of nearly 3 million electronically filed nonprofit tax filings sent to the IRS… Continue Reading

How Can We Overcome the Challenge of Biased and Incomplete Data?

“Data analytics and artificial intelligence are transforming our lives. Be it in health care, in banking and financial services, or in times of humanitarian crises — data determine the way decisions are made. But often, the way data is collected and measured can result in biased and incomplete information, and this can significantly impact outcomes.… Continue Reading

The Book of Jargon® – Cryptocurrency & Blockchain Technology

An interactive glossary of the acronyms, slang, and terminology of the cryptocurrency and blockchain technology industry. “The Book of Jargon® – Cryptocurrency & Blockchain Technology is one in a series of practice area and industry-specific glossaries published by Latham & Watkins.  The definitions provide an introduction to each term and may raise complex legal issues on… Continue Reading

2019 State of the Workforce Report

ADP Research Institute – 2019 State of the Workforce Report – “The first annual State of the Workforce Report provides decision makers with organizational benchmarks to compare against their own internal HR statistics. Employers and decision makers can gain a better understanding of the hierarchical structure of organizations, pay levels, how pay and promotions are… Continue Reading