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Fortune – Jacob Carpenter, Data Sheet: “For the vast majority of those watching the rapid rise of cryptocurrency, its emergence has been something of a curious novelty. Is crypto a high risk-reward investment? A shiny new tech toy? The future of money? A pyramid scheme? Russia’s nascent war against Ukraine, however, shows that it’s time …
Noh, Suzie and Noh, Suzie and So, Eric C. and Zhu, Christina, Financial Reporting and Consumer Behavior (September 28, 2021). Available at SSRN: https://ssrn.com/abstract=3932590 or http://dx.doi.org/10.2139/ssrn.3932590 – “We show that financial reporting spurs consumer behavior. Using granular GPS data, we show that foot-traffic to firms’ commerce locations significantly increases in the days following their earnings …
CRS Report – Traditional and Roth Individual Retirement Accounts (IRAs): A Primer Updated February 15, 2022: “In response to concerns over the adequacy of retirement savings, Congress has created incentives to encourage individuals to save for retirement through a variety of retirement plans. Some retirement plans are employer-sponsored, such as 401(k) plans, and others are …
CRS Report – Poverty in the United States in 2020, February 10, 2022: “Calendar year 2020 saw the onset of the COVID-19 pandemic, and an accompanying risein the poverty rate—the percentage of the population living in poverty (economic hardship characterized by low income). Under the Census Bureau’s official poverty measure, the nation as a whole …
IRS: “During this tax season, taxpayers face a number of issues due to critical tax law changes that took place in 2021 and ongoing challenges related to the pandemic. The IRS continues to share updated information for people filing tax returns this filing season as well as those who have previous year tax returns awaiting …
Liberty Street Economics, February 8, 2022: “Total household debt increased substantially during the second year of the COVID-19 pandemic, with a $1.02 trillion increase in aggregate debt balances, according to the Quarterly Report on Household Debt and Credit for the fourth quarter of 2021 from the New York Fed’s Center for Microeconomic Data. The yearly …
Wired: “When we speak of an economy, we usually refer to a country or a region where interrelated activities of production, consumption, and trade happen. When we speak of blockchains, we speak of decentralized computer networks. On the surface, these two seem unrelated. But with on-chain activities growing at warp speed, the ecosystems of layer …
Central Bank Digital Currencies: Policy Issues, Updated February 7, 2022: “The recent proliferation of private digital currencies or cryptocurrencies, such as Bitcoin, has led to questions of whether the Federal Reserve (Fed) should create a central bank digital currency (CBDC)—a digital dollar that would share some of the features of these private digital currencies. In …
Vox: “The fact that Web3 is hard to define — I’ll try to do that in a bit — isn’t necessarily a bug. It’s a nascent idea floated by a mix of buzz, optimism, confusion, theological battles, and pure unadulterated speculation, which means it’s incredibly malleable. You can explain why Web3 is a fundamental remaking …
“The Corporate Climate Responsibility Monitor evaluates the transparency and integrity of companies’ climate pledges.Companies around the world are increasing alert to the climate emergency. They face calls from a growing range of stakeholders to take responsibility for the impact of their activities. Most large companies now have public climate strategies and targets, many of which …
“Every year, Euromonitor International identifies emerging and fast-moving trends that are expected to gain traction in the year ahead. These trends provide insight into changing consumer values, exploring how consumer behaviour is shifting and causing disruption for businesses globally. Each of the 10 trends in this report follows the same format: Overview and defining characteristics; …
“The Federal Reserve Bank of Boston and the Digital Currency Initiative at the Massachusetts Institute of Technology today released the findings of their initial technological research into a central bank digital currency, or CBDC. The published research describes a theoretical high-performance and resilient transaction processor for a CBDC by developing open-source research software, OpenCBDC. This collaborative …
