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Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Here are six critical decisions CEOs must make to address the strategic challenge posed by the digital revolution. May 2014 | byMartin Hirt and Paul Willmott, “Staggering amounts of information are accessible as never before—from proprietary big data to new …
“Thomson Reuters Eikon Messenger users connect globally to exchange information, offer advice and share ideas – some 2.3 billion times in the past year alone. Around the clock, 210,000+ financial professionals and market participants across 180 countries use Eikon Messenger to share real-time data, graphics, news and analysis – from a desktop or via mobile devices. The …
Accenture new release: “U.S. manufacturers may be losing up to 11 percent annually* of their earnings as a result of increased production costs stemming from a shortage of skilled workers, according to a new study from Accenture and The Manufacturing Institute. The scale of the issue is illustrated in the study, “Out of Inventory: Skills Shortage …
News release: “Americans are as satisfied with the way things are going in the U.S. as they have been for the past five months. One in four (25%) say they are satisfied with current direction of the country, while 74% express dissatisfaction. Americans’ satisfaction with the country’s direction has remained flat over the past year, …
By Ryan Pfirrmann-Powell: “From 2008 to 2012, the average age of U.S. households’ vehicles increased as owners held on to their cars, trucks, and vans longer. The trend in aging autos coincides with declines in average household income in 2008; however, subsequent recovery in households’ incomes and a return to previous levels of expenditures on …
REAL EARNINGS – APRIL 2014: “All employees Real average hourly earnings for all employees decreased 0.3 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from unchanged average hourly earnings combined with a 0.3 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). …
Afghanistan: Drug Trafficking and the 2014 Transition, Liana Rosen, Specialist in International Crime and Narcotics; Kenneth Katzman; Specialist in Middle Eastern Affairs. May 9, 2014, “Experts widely assess that Afghanistan will remain the world’s primary source of opium poppy cultivation and opium and heroin production, as well as a major global source of cannabis resin, in the coming years. In …
“Support for the European Union may be rebounding just in time for the European Parliament elections, according to a new survey of seven EU nations by the Pew Research Center. After a dramatic decline in the wake of the euro crisis, EU favorability is now on the rise in France, the United Kingdom, and Germany. …
Via Pew, by Richard Fry: “Student debt burdens are weighing on the economic fortunes of younger Americans, as households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation, according to a new Pew Research Center analysis of government data. About four-in-ten U.S. households (37%) headed by an …
Under Current Law, What Is the Outlook for Overall Federal Deficits, Debt, Spending, and Revenues? – Presentation to the Stanford Institute for Economic Policy Research by Douglas W. Elmendorf, Director, CBO, May 13, 2014. “By 2020, under current law: Federal spending for Social Security and the major health care programs will be roughly 50 percent larger relative to GDP than it …
Huh, Yesol, Machines vs. Machines: High Frequency Trading and Hard Information (March 4, 2014). FEDS Working Paper No. 2014-33. Available at SSRN: http://ssrn.com/abstract=2436048 “In today’s markets where high frequency traders (HFTs) both provide and take liquidity, what influences HFTs’ liquidity provision? I argue that information asymmetry induced by liquidity-taking HFTs’ use of machine-readable information is important. …
“The New York Fed released its Quarterly Report on Household Debt and Credit for the first quarter of 2014, which shows a $129 billion increase in overall household debt from the previous period. Delinquency rates continued to improve, with the overall ninety-plus day delinquency rate falling to 4.8 percent, the lowest it has been since mid-2008. The Federal …
