Who wins and who loses as the US retires the penny
By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays.
By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays.
Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.
For years, the state has been nudging its cities to build housing to address a severe shortage. Maybe what they needed was a shove.
Exploiting three decades of detailed regional data for Germany, we find that when the Green Party is successful at the polls, local hazardous emissions decline. The level of political representation matters, too. Green politicians’ gaining influence at county level is followed largely by a decline in air pollutants that have an immediate adverse health effect. In contrast, when the Green party joins the state government, only greenhouse gas emissions that affect the welfare of future generations via climate change decline.
Exploiting three decades of detailed regional data for Germany, we find that when the Green Party is successful at the polls, local hazardous emissions decline. The level of political representation matters, too. Green politicians’ gaining influence at county level is followed largely by a decline in air pollutants that have an immediate adverse health effect. In contrast, when the Green party joins the state government, only greenhouse gas emissions that affect the welfare of future generations via climate change decline.
Euro area insurers manage several trillion euro in assets and take a long‑term investment perspective. To counteract the long period of low interest rates, they have shifted towards holding more alternative and less liquid assets. As a result, their balance sheets have become less liquid and more sensitive to market conditions overall. Meanwhile, their holdings of sovereign bonds show a significant home bias, which may have even increased with quantitative easing.
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
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.
The steep tariffs President Trump issued in August led to a contraction in imports and the trade deficit, newly released data shows.
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.