Category: Market News

Just Released: New Regional Employment Data Now Available

Richard Deitz and Jonathan Hastings Regional employment data provided by the U.S. Bureau of Labor Statistics (BLS) are a critically important tool used to track and assess local economic conditions on a timely basis. However, the primary data used for this purpose are monthly survey-based estimates that are revised once per year, and these revisions…
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Assessing Contagion Risk in a Financial Network

Fernando Duarte, Collin Jones, and Francisco Ruela First of two posts In compiling a list of key takeaways of the 2008 financial crisis, surely the dangers of counterparty risk would be near the top. During the crisis, speculation on which financial institution would be next to default on its obligations to creditors, and which one…
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Do cyber charter schools harm public education for the most disadvantaged?

By David Baker, Bryan Mann Flat Rock School District (not its real name) in eastern Pennsylvania suffers from all the problems of exurban decay: Main streets and infrastructure need repair, many storefronts are boarded up, good jobs are scarce, and a web of social problems from alcohol and drug addiction to fragile families weighs heavy…
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Mr. Xi goes to Pyongyang

By Jung H. Pak Chinese president Xi Jinping met with Kim Jong Un in Pyongyang last week, the first time a Chinese head of state has visited North Korea since 2005. The two sides pledged to improve bilateral ties and to deepen cooperation and increase exchanges toward “cementing mutual understanding and trust.” The meeting was…
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Proposed New York bill expands scope of data privacy debate

By Jack Karsten, Raj Karan Gambhir In May, New York State Senator Kevin Thomas introduced S. 5642, the New York Privacy Act, a piece of data privacy legislation that significantly departs from recent attempts to strengthen user privacy such as the European General Data Protection Regulation (GDPR) and the California Consumer Protection Act (CCPA). The…
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How economic woes in Cuba’s east are testing regime resiliency

By Richard E Feinberg In its early years, the 1959 Cuban revolution forcefully redirected resources toward the previously neglected poor, especially in the more rural provinces. Egalitarianism—across social classes and geographic regions—was the hallmark of the youthful rebels. With his unkept locks and angelic visage, Ernesto “Che” Guevara symbolized the revolution’s radical idealism. Many of…
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Demands for place are reshaping our communities, but how can the benefits be more widely shared?

By Jennifer S. Vey, Hanna Love And so, the prevailing narrative goes: urban areas are “back.” Job growth is shifting from sprawling suburbs to core city centers. Companies are relocating to attract educated workers who prefer accessible, amenity-rich neighborhoods. Density and accessibility are the watchwords, as high-growth firms favor mixed-use, walkable, and transit-rich neighborhoods in…
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Facebook Triggers New Hearing on Crypto Project Libra As Social Media Giant Searches for Regulatory Policy Expert

The chairwoman of the House Financial Services Committee, Maxine Waters, announced on Monday that it will hold a hearing on July 17 to review Facebook’s plans for Libra, the tech giant’s new cryptocurrency-based payments platform that it expects to roll out in 2020 for billions of users worldwide. Since Facebook officially announced the upcoming launch…
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Anthony Pompliano Predicts Bitcoin Will Shatter $100,000 – BTC, Ethereum, XRP, Litecoin, Bitcoin Cash, EOS, Tron, Cardano Forecasts

Morgan Creek Digital founder Anthony Pompliano says he thinks Bitcoin will likely hit $100,000 by the end of 2021. Pompliano cites increasing demand and lackluster performance in traditional markets as two of the main reasons behind his big prediction. “The price appreciation will be driven by a very simple idea — supply/demand economics remains a…
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Veteran Microsoft Developer Bets on NEO As Smart Contract Platform Begins US Expansion

A veteran software engineer who worked at Microsoft for 20 years is joining the smart contract company NEO. In his extensive career at Microsoft, Harry Pierson worked as a senior project manager on the IronPython team and the xlang project, which he refers to as “a cross-language, cross-compiler, and cross-platform generalization of Windows Runtime’s language…
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