How is COVID-19 affecting the global economic order?

Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before. In addition, ...

Banks and bailouts: Playing politics?

(PhysOrg.com) -- Banks with strong political connections were more likely to receive bailout money from the government—and more of it—in the past year than those with weaker ties, say University of Michigan researchers.

Wealth redistribution, not tax cuts, key to economic growth

President Trump's new tax plan will follow the familiar script of reducing taxes for the rich in the name of job creation. Not only will these trickle-down policies not work—they'll make the problem worse. A new report ...

US Fed joins Twittersphere

The US Federal Reserve, the financial backbone of the world's biggest economy, said Wednesday it would try its hand at Twitter to improve communications with the public.

Data indicate there is no immigration crisis

Is there an "immigration crisis" on the U.S.-Mexico border? Not according to an examination of historical immigration data, according to a new paper from Rice University's Baker Institute for Public Policy.

Mobile payments catch on with banks, phone makers

Smart phones already enable you to snap photos and bank online. Now banks and credit card companies think it might make sense for your phone to take over the functions of credit and debit cards.

Governing economic growth in the cloud

Gross domestic product (GDP) can be boosted by cloud computing, the system in which remote computers on the Internet are used to store, manage and process data rather than the users' local machines. A report to be published ...

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