Economy | Credit Card Topics

Running Start Prepares Women to Run for Public Office and Help Reform Credit and Financial Policy

By: Adam West, 9/24/2020

In a Nutshell: Running Start is a nonpartisan, nonprofit organization that prepares women to run for public office ensuring that women's diverse political views are represented at every level of government. Running Start hosts programs for high school and college students to help them develop leadership, messaging, and fundraising skills. And Running Start teaches women to educate themselves about important policy issues, including credit and economic reform and how to establish a... read more »

6 Wise Ways to Use Economic Stimulus Money

By: Andrea Woroch, 9/21/2020

Money is tighter than it’s ever been before for many U.S. households. In fact, a report on the financial impact of COVID-19 by Haven Life found that 61% of Americans lost household income as a result of the pandemic. With so many people financially affected, talk of another stimulus check coming to consumers is no surprise. Although negotiations are on hold, hopeful families are eagerly planning how to spend this money once it arrives. Whether you’re waiting for a new... read more »

How the Pandemic is Affecting Credit Card Debt, Savings, and Rewards Programs

By: Erica Sandberg, 9/15/2020

Could the COVID-19 pandemic have resulted in something positive? The answer is yes if you focus on the amount of revolving balances consumers are carrying now. The August 2020 Federal Reserve report revealed that credit card debt in the United States is down by more than $2 billion, dropping from a total of $996.8 billion in May to $994.7 billion in July. The less high interest debt you owe to creditors the better because the finance fees won’t be eating into your cash flow. ... read more »

Exploring How a Government Job Guarantee Could Lead to Mass Mobilization and Faster Recovery in the Midst of the COVID-19 Crisis

By: Matt Walker, 8/12/2020

In a Nutshell: While the COVID-19 pandemic has thrown jobs and the economy into turmoil, Bard College Levy Economics Institute Professor Pavlina R. Tcherneva argues that unemployment is an avoidable problem. Her recent policy note, “Guaranteeing Employment During the Pandemic and Beyond,” explains the failings of current policies and offers a way forward to stem the tide of mass unemployment. Tcherneva also published a book, “The Case for a Job Guarantee,” that looks at the... read more »

Onerent Contactless Property Management Perfectly Situated for Pandemic-Rocked Rental Market

By: Eric Bank, 7/13/2020

In a Nutshell: Onerent is a West Coast property management company that arranges for renters to find apartments via a contactless process. Its platform supports online property searches, virtual or self-touring of properties, and remote leasing. The company uses an artificial intelligence chatbot to enable these and other services. Plans call for it to use its chatbot technology to expand its footprint to 30 markets nationwide. As the pandemic seems to worsen by the day, finding... read more »

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

By: Adam West, 6/16/2020

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

By: Ashley Dull, 6/8/2020

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

By: Adam West, 5/22/2020

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

By: Adam West, 5/12/2020

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

By: Adam West, 3/6/2020

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 »

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