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O’Brien, Daniel P. and Smith, Doug, Privacy in Online Markets: A Welfare Analysis of Demand Rotations (July 1, 2014). FTC Bureau of Economics Working Paper No. 323. Available for download at SSRN: http://ssrn.com/abstract=2477052 “We compare the private and social incentives for privacy when sellers can commit to transparent privacy policies that are understood by consumers. The …
[Via Wikipedia] “People’s Republic of China and the Republic of South Africa, collectively the BRICS countries, RECALLING the decision taken in the fourth BRICS Summit in New Delhi in 2012 and subsequently announced in the fifth BRICS Summit in Durban in 2013 to establish a development bank; RECOGNIZING the work undertaken by the respective finance …
Tara Siegel Bernard – NYT: “The creator of one of the most widely used and influential credit scores, FICO, said on Thursday that the latest version of its score would no longer weigh medical debts — which account for about half of all unpaid collections on consumers’ credit reports — as heavily as it did …
“College graduates who carry a high amount of student debt appear to face long-term challenges that stretch beyond just their finances. A new analysis of Americans who graduated college between 1990 and 2014 shows that graduates who took on the highest amounts of student debt, $50,000 or more, are less likely than their fellow graduates …
“In its new Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board’s 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to …
WSJ.com: “Bank of America Corp. and the Justice Department are close to a deal in which the bank will pay between $16 billion and $17 billion to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis, according to people familiar with the matter. The bank has agreed to pay roughly $9 billion in …
Pew Report – “The vast majority of respondents to the 2014 Future of the Internet canvassing anticipate that robotics and artificial intelligence will permeate wide segments of daily life by 2025, with huge implications for a range of industries such as health care, transport and logistics, customer service, and home maintenance. But even as they …
S&P Capital IQ – ‘The topic of income inequality and its effects has been the subject of countless analysis stretching back generations and crossing geopolitical boundaries. Despite the tendency to speak about this issue in moral terms, the central questions are economic ones: Would the U.S. economy be better off with a narrower income gap? …
Beverly Hirtle, Anna Kovner, and Eric McKay – Federal Reserve Bank of New York “Stress tests have become an important method of assessing whether financial institutions have enough capital to operate in bad economic conditions. Under the provisions of the Dodd-Frank Act, both the Federal Reserve and large U.S. bank holding companies (BHCs) are required to do annual …
“As individual companies adopt web technologies, they gain the ability to streamline everything from product development and supply-chain management to sales, marketing, and customer interactions. For China’s small enterprises, greater digitization provides an opportunity to boost their labor productivity, collaborate in new ways, and expand their reach via e-commerce. In fact, new applications of the Internet …
Background – “On 22-23 May 2014 the BIS held a conference on “Challenges from changing international financial conditions”, the fifth under the auspices of the BIS Consultative Council for the Americas (CCA). It brought together researchers from the central banking community in the region and distinguished academics and was hosted by the Bank of the Republic (Colombia) in Bogotá. A …
TROUBLED ASSET RELIEF PROGRAM: Government’s Exposure to Ally Financial Lessens as Treasury’s Ownership Share Declines, GAO-14-698: Published: Aug 5, 2014. Publicly Released: Aug 5, 2014. “The Department of the Treasury (Treasury) reduced its ownership stake in Ally Financial Inc. (Ally Financial) from 74 percent in October 2013, to 16 percent as of June 30, 2014. As shown in …
