After Shutdown, Labor Department Says Some Data is Gone for Good
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
Breaking triple lock could double pensioner poverty, data shows
New disclosures on the cost of UK state pension protection highlight inadequate retirement saving
South Korean banks take the lead to bridge gender inequalities
Working mothers are offered high salaries and more flexibility, but women still face wide pay gap and glass ceiling
AI won’t replace you – but it will redefine what makes you valuable at work
Leadership and other people skills are only going to rise in value to employers. NoMoreStock/ShutterstockAcross the world, workers are increasingly anxious that artificial intelligence (AI) will make their jobs obsolete. But the evidence from research and industry tells a very different story. AI is not taking over the workplace. Instead, it’s quietly reshaping what human work looks like – and what makes people valuable within it.
Trump’s Tariffs Sent Trade Plummeting in August
The steep tariffs President Trump issued in August led to a contraction in imports and the trade deficit, newly released data shows.
FEDS Paper: The Collateral Channel and Bank Credit(Revised)
Arun Gupta, Horacio Sapriza, and Vladimir YankovWe examine the firm-level and aggregate effects of the collateral channel using administrative bank-firm-loan level data. We introduce novel instrumental variables related to the efficiency of federal district bankruptcy courts and show their importance as predictors of collateral use and banks' expected losses given default across collateral types.
A City Is Broke. Can Billionaires’ Urbanist Dream Offer It a Last Chance?
Suisun City has tried to revive its fortunes for years. The latest idea: Annex land owned by California Forever, a tech-billionaire-funded plan for a new city north of San Francisco.
How household contracts could be fueling UK inflation
Dean Clarke/ShutterstockUK inflation has dropped to 3.6% but it remains well above the Bank of England’s 2% target. Beyond broader global uncertainties, there are also factors within our own homes that are quietly sustaining this stubborn issue. Namely, automatic annual price uplifts in everyday contracts for things like mobile phones and utilities.
Government outlines plans for rival port to Piraeus in strategic partnership with US
Greece’s strategic alignment with the US came one step closer with the announcement of plans to upgrade the port of Elefsina, west of Athens, as a rival to the COSCO-owned port of Piraeus.
Simulating dynamic balance sheet reactions and macroprudential policy using the 2025 EU-wide stress test
Stress test simulations can enhance our understanding of the interplay between bank actions, the real economy and macroprudential buffers. Leveraging BEAST, the ECB’s workhorse top-down stress test model, this article explores impacts stemming from bank behavioural reactions by simulating them under the adverse scenario of the 2025 EU-wide stress test. The article shows that allowing banks to adjust their balance sheets only improves their capital ratios to a minor extent compared with simulations where they are assumed to keep their balance sheets constant.
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