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Thursday, July 9, 2020

All articles tagged Economy (28)

Bonbast Charts Open Market Foreign Currency Exchange Rates in Iran Through Economic Challenges and International Struggles

Bonbast Charts Open Market Foreign Currency Exchange Rates in Iran Through Economic Challenges and International Struggles

In a Nutshell: Bonbast has reported the foreign exchange value of Iran's rial currency since 2012, based on data obtained from a network of currency dealers in Iran and neighboring countries. While Iranians have continued their everyday struggle to build lives and futures since the rise of the Islamic Republic in 1979, massive depreciation of the rial has severely hampered the economy in the wake of a succession of UN and western sanctions. Now, coronavirus is closing off additional... read more »

COVID-19 Analysis from TS Lombard: Countries with the Most Disciplined Response to the Crisis Stand to Recover More Quickly

COVID-19 Analysis from TS Lombard: Countries with the Most Disciplined Response to the Crisis Stand to Recover More Quickly

In a Nutshell: The unprecedented global challenge brought about by the COVID-19 pandemic has rightly raised concerns among investors and policymakers. Data tracked by independent economic and political forecasting consultancy TS Lombard shows that most governments are responding with creativity and vigor. But given the logistics, nations with preestablished agencies and programs capable of addressing the crisis are doing a better job of mitigating the effect the pandemic is having on... read more »

The Sound Money Defense League is Working to Bring Back Gold and Silver as America’s Constitutional Money

The Sound Money Defense League is Working to Bring Back Gold and Silver as America’s Constitutional Money

In a Nutshell: The Federal Reserve instituted a policy of unlimited quantitative easing in March 2020 in response to the COVID-19 pandemic, in effect injecting trillions of dollars into the economy. But some analysts believe the consequences of that action may not be limited to stimulus checks and paycheck protection. According to Stefan Gleason, Director of the Sound Money Defense League, the Fed's pandemic response is only the most recent manifestation of a long-standing inflationary... read more »

Transitioning to a Low-Carbon Economy: Why a Green New Deal Initiative Could Produce Economic and Environmental Benefits

Transitioning to a Low-Carbon Economy: Why a Green New Deal Initiative Could Produce Economic and Environmental Benefits

In a Nutshell: Rather than reject the claim that human activity contributes to global warming, today's opponents of climate change action tend to argue that the cost of any Green New Deal initiative would outweigh the benefits. But a team of ecological economists at the Tufts University Global Development And Environment Institute (GDAE) argues that the climate debate doesn't need to be a zero-sum proposition. Recent GDAE analysis asserts that sensible sustainability policies inspired... read more »

The MetroHartford Alliance Recognized for Offering Analytics-Based Strategies that Drive Business Development and Growth in the Hartford Region

The MetroHartford Alliance Recognized for Offering Analytics-Based Strategies that Drive Business Development and Growth in the Hartford Region

In a Nutshell: Situated midway between Boston and New York City, Connecticut's Hartford Region faces competitive pressures that pull in both directions. While managing shifts that have restructured its economy, Hartford also offers a compelling value proposition that retains— and continues to attract — talent. And the MetroHartford Alliance supports efforts to grow the area’s influence in a globalized marketplace. The Alliance generates data and insights to provide crucial... read more »

A Study Reveals that Mortgage Lenders Sidestep Transparency Mandates by Offering Loans Just Below Interest-Rate Thresholds

A Study Reveals that Mortgage Lenders Sidestep Transparency Mandates by Offering Loans Just Below Interest-Rate Thresholds

In a Nutshell: The 2013 Home Ownership and Equity Protection Act (HOEPA) mandates loan term disclosures and borrower counseling, and restricts points and fees, among other provisions. But those mandates are only triggered for mortgage loans that exceed specific interest rate thresholds. Youssef Benzarti, a research fellow at the National Bureau of Economic Research, reveals that lenders may have found a way to avoid the act's controls altogether. His research shows a rise in loan... read more »

With a Focus on Anti-Corruption, RepresentUs Aims to Bring Conservatives and Progressives Together to Ensure the Integrity of American Democracy

With a Focus on Anti-Corruption, RepresentUs Aims to Bring Conservatives and Progressives Together to Ensure the Integrity of American Democracy

In a Nutshell: No matter where people fall on the political spectrum, it's easy to see that money and special interests have a profound impact on American democracy. And surveys show that the vast majority of Americans — Republicans, Democrats, and Independents alike — believe their votes don't count. RepresentUs set out to change that dynamic by empowering conservatives, progressives, and everyone in between, to make the democratic process work for them. It accomplishes that... read more »

How the ICCR Works with Banks and Financial Institutions to Fight for Economic Justice and Human Rights for the Disenfranchised

How the ICCR Works with Banks and Financial Institutions to Fight for Economic Justice and Human Rights for the Disenfranchised

In a Nutshell: Over the last 49 years, the Interfaith Center on Corporate Responsibility (ICCR) has worked alongside banks and financial institutions to promote the reformation of company policies to help poor and disenfranchised Americans. One example is the organization's work with Wells Fargo to shape new policy in the wake of the bank's product sales tactics brought to light in 2016. ICCR has also pressured banking giants JP Morgan Chase and Wells Fargo to stop providing lines of... read more »

Origin Protocol Returns Economic Power to the People by Enabling Free Creation of Decentralized Marketplaces for Various Industries

Origin Protocol Returns Economic Power to the People by Enabling Free Creation of Decentralized Marketplaces for Various Industries

In a Nutshell: Origin Protocol allows individuals and businesses to create free decentralized marketplaces using the Ethereum blockchain. These marketplaces are already being used to create decentralized service platforms that are similar to those of popular providers such as Uber and Airbnb — but without transaction fees. The Origin platform unlocks the global economy for over 4 billion people worldwide. And by sharing identities across the platform, users can cultivate positive... read more »

Experts Predict a Slowdown in the U.S. Economic Growth Rate as Stimulus Momentum Dwindles and International Factors Come Into Play

Experts Predict a Slowdown in the U.S. Economic Growth Rate as Stimulus Momentum Dwindles and International Factors Come Into Play

In a Nutshell: The U.S. economy saw strong growth in 2018 that outpaced the economies of all of its G7 peers. While that growth is expected to continue, experts predict the growth rate will begin to slow in 2019. We recently spoke with Gregory Daco, the Chief U.S. Economist for Oxford Economics, about some of the factors at play in the economy’s growth. Daco also shed some light on how international events can impact the U.S. economy, and he discussed the recent government shutdown... read more »