Archive for the 'Economics' Category
The Selig Center publishes a yearly series on the multicultural economy. The Selig Center is a public service unit of the Terry College of Business at the University of Georgia. The estimates and projections on buying power for run from 1990-2012 for African Americans, Asians, Native American and Hispanics.
The most recent study is the Multicultural Economy 2007.
Measuring Worth -from the Institute of the Measurement of Worth. Caluculators for
Intrinsic things are priceless. The love of your life or a beautiful sunset. There is no objective way to measure these, nor should there be.
The worth of monetary transactions is also difficult to measure. While there is a price, wage, or other kind of transaction that can be recorded at a precise price, the worth of the amount must be interpreted.
The price of a hamburger is probably worth more to a starving homeless person than to a very wealthy one. An allowance of five pennies a week was worth more to a child in 1902 than it is to a child today.
It can be more difficult when the question is to determine the “historical” worth of something. The price, even deflated for inflation, is not enough. Was Andrew Carnegie richer than Bill Gates? Did Babe Ruth make more than David Beckham? Was the cost of a loaf of bread more then than now? These questions all depend on the context and the calculators on this web site enable users to make their own comparisons.
The Department of the Treasury has revealed a 212 page document entitled, Blueprint for Financial Regulatory Reform plan to streamline a host of regulations that are partially “blamed” for allowing the U.S. mortgage crisis to balloon into a full-blown economic threat. Under the proposals, the current patchwork of as many as seven federal regulators would be consolidated under three agencies: the U.S. Federal Reserve, a newly created financial regulator and a third agency for consumer protection and business practices.
The World Economic Forum released today Global Risks 2008, which highlights the need for new thinking and concerted action on a number of problems. The report expresses fears that the current liquidity crunch will spark a US recession in the next 12 months and calls for new thinking on systemic financial risk in response to the revolution in financial markets over the last two decades. It also recommends a set of principles for country risk management and examines how the financial sector might take on an increasingly important role in risk transfer in the future. More from press release.
The 54 page report is published in collaboration with Citigroup, Wharton School Risk Center and other major financial services. The full text of the report is available here.