Featured
- 16 hours
Trending
1 Stop Underestimating the Power of Leadership Development
John Eades2 Unlocking Ukraine's Economic Potential: The Role of Maritime Exports in Post-War Reconstruction
Daniel Hall3 Central Banks Are Wrong about Rate Cuts
Daniel Lacalle4 IMF Chief Urges Caution: Central Banks Should Resist Early Rate Cuts Amid Inflation Concerns
Anas Bouargane5 Millions to Benefit From UK's New Flexible Working Bill
Daniel Hall
Search
Most Read
- 3 years
Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
- 6 years
Economics of World War I
- 5 years
"You Cannot Convict Your Opponent of Error; You Can Only Convince Him Of It"
- 5 months
“Academic” Freedom Has an Adjective in Front of the Noun
- 2 years
“Economics is the Social Science of Love”
- 5 months
“Spend Now, Deal with The Consequences Later” Is the Worst Policy
- 4 years
100 Million Traffic Stops: Evidence on Racial Discrimination
- 4 years
1957: When Machines that Think, Learn, and Create Arrived
- 6 months
2023’s Most Popular Bitcoin Alternatives
- 1 year
4 Ways to Keep Food Prices Low Amid Inflation & Cost of Living Crisis
- 10 months
5 Things The Government Can Do To Boost Innovation
- 6 years
8 Downside Risks to Indian Economy in 2018
- 3 years
A “Medicare Funding Warning” from the Trustees
- 6 years
A Bee Industry Update: Colony Collapse Disorder and Almond Pollination
- 4 years
A Bounce Is Not A Recovery
More in Global Economy
China's Changing Relationship with the World Economy
China's economy is simultaneously huge in absolute size and lagging far behind the world leaders on a per person basis. According to World Bank data, China's GDP (measuring in current US dollars) is $13.6 trillion, roughly triple the size of Germany or Japan, but still in second place among countries of the world behind the US GDP of $20.4 trillion. However, measured by per capita GDP, the World Bank data shows that China is at $9,770, just one-sixth of the US level of $62,641.
- 6
Low Yield, No Yield, Negative Yield – Buy Now But Don’t Forget to Sell
· The amount of negative yielding fixed securities has hit a new record · The Federal Reserve and the ECB are expected to resume easing of interest rates · Secondary market liquidity for many fixed income securities is dying · Outstanding debt is setting all-time highs
- 4
Is AI Just Recycled Intelligence, Which Needs Economics to Help It Along?
The Harvard Data Science Review has just published its first issue. Many of us in economics are cousins of burgeoning data science field, and will find it of interest. As one example, Harvard provost (and economist) Alan Garber offers a broad-based essay on "Data Science: What the Educated Citizen Needs to Know." Others may be more intrigued by the efforts of Mark Glickman, Jason Brown, and Ryan Song to use a machine learning approach to figure out whether Lennon or McCartney is more likely to have authored certain songs by the Beatles that are officially attributed to both, in "(A) Data in the Life: Authorship Attribution in Lennon-McCartney Songs."
- 2
Raising the Minimum Wage: CBO Weighs in
No proposal to raise the minimum wage can be evaluated without asking "how fast and by how much?" The Congressional Budget Office offers an evaluation of three alternatives in "The Effects on Employment and Family Income of Increasing the Federal Minimum Wage" (July 2019). CBO considers three proposals: "The options would raise the minimum wage to $15, $12, and $10, respectively, in six steps between January 1, 2020, and January 1, 2025. Under the $15 option, the minimum wage would then be indexed to median hourly wages; under the $12 and $10 options, it would not." (There are some other complexities involving possible subminimum wages for teenage workers, tipped worker, and disables workers, which I won't discuss here.)
- 6
US Multinationals Expand their Foreign-based Research and Development
"For decades, US multinational corporations (MNCs) conducted nearly all their research and development (R&D) within the United States. Their focus on R&D at home helped establish the United States as the unrivaled leader of innovation and technology advances in the world economy. Since the late 1990s, however, the amount of R&D conducted overseas by US MNCs has grown nearly fourfold and its geographic distribution has expanded from a few advanced industrial countries (such as Germany, Japan, and Canada) to many parts of the developing world ..."
- 2
Is the Health Care Policy Focus Shifting from Access to Cost?
In my experience, complaints about the system of health care finance over the years almost always began with the lack of universal health insurance coverage, and how many tens of millions of Americans lacked health insurance. Then, somewhat later in the conversation, the high per capita costs of US health care spending might or might not come up.
- 5
Food Stamps: Evolution and Rising Take-up Rates
The number of people receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), perhaps better know as "food stamps," rose slowly in early 2000s, then leaped during the Great Recession, and now has been sagging lower for a few years, although remaining above pre-recession levels. Victor Oliveira gives a quick overview in "The Food Assistance Landscape:FY 2018 Annual Report" (US Department of Agriculture, April 2019)
- 2
Follow us
On social Media
Download our app
Download our app for iPhone and Android
BBN Times connects decision makers to you. Experts in their fields, worth listening to, are the ones who write our articles. We believe these are the real commentators of the future. We quickly and accurately deliver serious information around the world. BBN Times provides its readers human expertise to find trusted answers by providing a platform and a voice to anyone willing to know more about the latest trends. Stay tuned, the revolution has begun.