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NBC News – Millions of Americans are in danger of entering their final decades unable to afford ballooning medical bills and cost-of-living expenses. “Today’s aging workforce faces an uncertain future. The announcement this week that General Motors will lay off 15 percent of its salaried workforce and shutter multiple plants in North America was a …
America’s Concentration Crisis – An Open Markets Institute Report – “Monopoly power is all around us: as consumers, business owners, employees, entrepreneurs, and citizens. When we purchase everything from washing machines to groceries, website domains to medical supplies, and even when we select a coffin for a recently deceased loved one, we are constrained by …
The Nation – Ad Hoc Nation – The unmaking of the steady job. Reviewed – Temp: How American Work, American Business, and the American Dream Became Temporary, By Louis Hyman “…Today’s temps, permalancers, subcontractors, and underemployed do have an advantage that their predecessors didn’t: The effects of the gig economy permeate society more thoroughly and …
Axios: Fourth National Climate Assessment Volume II: Impacts, Risks, and Adaptation in the United StatesThe National Climate Assessment (NCA) assesses the science of climate change and variability and its impacts across the United States, now and throughout this century. The Black Friday climate report, formally known as the National Climate Assessment, follows a landmark U.N. science …
Engadget – “The trend of blundering into the void of adopting new tech, damn the consequences, full speed ahead, continues this week. The Telegraph tells us about “a number of UK legal and financial firms” are in talks with a chip company to implant their employees with RFID microchips for security purposes. Ah, security purposes, …
Via LLRX – Blockchain Challenges – V. Mary Abraham shares her notes from the new Blockchain in Government conference, part of the KMWorld 2018 Conference, that was held November 7-8, 2018 in Washington, D.C. The program speaker was Marcus Ralphs, CEO, ByzGen Ltd. who shared his real-world challenges, both technical and organizational, as well as …
Fernandez, Pablo, 18 topics badly explained by many Finance Professors (October 20, 2018). Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3270268 “This paper addresses 18 finance topics that are badly explained by many Finance Professors. The topics are: 1. Where does the WACC equation come from? 2. The WACC is not a cost. 3. The WACC equation when the …
The Hamilton Project Framing Paper – The Geography of Prosperity – “Over the last several decades, the fortunes of regions and communities across the United States have stopped converging. Evolving patterns of trade and technology, among other factors, have created concentrated prosperity while leaving many places behind. In order to formulate an effective policy response …
Who knew – not me – Faang companies?? OK, so here is the article via The Guardian: US stock markets continue to fall, erasing 2018 gains – “Technology stocks slid again and fears of a trade war with China worried investors. Much of the fall has been driven by troubles at the so-called Faang companies …
Brookings Report – Countering the geography of discontent: Strategies for left-behind places – “Big, techy metros like San Francisco, Boston, and New York with populations over 1 million have flourished, accounting for 72 percent of the nation’s employment growth since the financial crisis. By contrast, many of the nation’s smaller cities, small towns, and rural …
“Americans express broad concerns over the fairness and effectiveness of computer programs making important decisions in people’s lives. Algorithms are all around us, utilizing massive stores of data and complex analytics to make decisions with often significant impacts on humans. They recommend books and movies for us to read and watch, surface news stories they …
FRBSF Economic Letter 2018-24 | November 13, 2018. Why Aren’t U.S. Workers Working? Mary C. Daly, Joseph H. Pedtke, Nicolas Petrosky-Nadeau, and Annemarie Schweinert. “The decline in labor force participation of U.S. men and women ages 25 to 54 stands in stark contrast with other industrialized nations, where participation rates for prime-age workers have increased …
