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Monday, March 30, 2020

All articles tagged Economy (24)

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 »

EPI Research Shows Income Inequality Reduces the Buying Power of Lower-Wage Workers and Makes the Economic Pie Smaller for Everyone

EPI Research Shows Income Inequality Reduces the Buying Power of Lower-Wage Workers and Makes the Economic Pie Smaller for Everyone

In a Nutshell: As the economy grew in the decades following World War II, so did the income levels for a vast majority of workers. But in the 1970s, policymakers began to favor the interests of employers over employees — resulting in wage stagnation and rising income inequality. Researchers at the Economic Policy Institute argue this isn’t just bad for individuals but also for the economy. The EPI believes that only by enacting policies that favor workers can the U.S. ensure the... read more »

2018’s Top 10 Booming College Towns

2018’s Top 10 Booming College Towns

A 2017 study by TD Ameritrade found that nearly 50% of college graduates return home after receiving their diploma out of financial necessity. The financial strain of student debt, lack of job opportunities, and a high cost of living are just some of the reasons students choose to move back with their families, which for most, was never the intended plan. Some college towns, however, provide economically friendlier climates for recent grads and job seekers than others. The following... read more »

People’s United Advisors Chief Investment Officer John Traynor Shares His Insights on Tariff Impacts and America’s Future Economic Outlook

People’s United Advisors Chief Investment Officer John Traynor Shares His Insights on Tariff Impacts and America’s Future Economic Outlook

In a Nutshell: The US economy is always in flux to some degree and it garners much-deserved speculation from financial experts and investors alike. Recently, some of President Donald Trump’s policies have only bolstered conjecture on the topic. People’s United Advisors Chief Investment Officer John Traynor shared his expertise and some of People’s United’s insights into the economy, including the impact of tariffs, a positive outlook for economic growth in the near future, and... read more »

On the Issues Presents Political Candidates’ Stances Without Commentary so Voters Can Decide for Themselves

On the Issues Presents Political Candidates’ Stances Without Commentary so Voters Can Decide for Themselves

In a Nutshell: US politics is surrounded by an influx of voices espousing every opinion on countless issues — it can be overwhelming. Thankfully, On the Issues offers voters straightforward information about where political candidates stand on topics of public interest. The website was founded in 1999 ahead of the 2000 presidential election as a reaction to the news media’s lack of real coverage on issues. Since then, it has grown to include house, senate, gubernatorial, and other... read more »