Monthly Archives: December 2017

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    Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’

Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’

The use of new financial technology, or fintech, promises a number of benefits to consumers, including cost reduction and increased convenience in the way banking services are provided. Another, less often discussed, advantage is the possibility of financial inclusion. Alex Kong, founder and CEO of TNG, estimates that there are two million people around the world who do not […]

December 6th, 2017|Alex Kong, The Web Series|Comments Off on Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’|

The value of investing in historic buildings

In many countries, vast amounts of public money are invested to preserve historic buildings. In the Netherlands, for example, total public expenditures on renovation subsidies have been more than a billion euros since the 1970s. In Britain, more than 45 thousand buildings are listed, which imply that they are eligible for substantial subsidies, e.g. via tax reliefs. One important […]

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    Mitchell Baker: ‘The internet was designed not to be owned by any one person’

Mitchell Baker: ‘The internet was designed not to be owned by any one person’

On 14 December the US Federal Communications Commission will vote on its chairman’s proposal to kill net neutrality, the principle on which the internet was built. Anyone can create a website, which can be seen at the same download speed as any other site. If the FCC’s chairman has it his way, the internet will look more like cable TV, in which […]

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    Design brands adjust their retail strategy to consumers’ personalities

Design brands adjust their retail strategy to consumers’ personalities

The luxury market is one of the most rapidly expanding industries around the world. Despite the financial crisis in 2008, the market for personal luxury goods has grown three times in size over the last 20 years. The industry has undergone, over the last decade, two major changes that have reshuffled the luxury landscape.

First, there has been an evolution […]

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    Adizah Tejani: ‘We need a mindset shift to understand the possibilities of open banking’

Adizah Tejani: ‘We need a mindset shift to understand the possibilities of open banking’

When the EU regulation known as the Payment Services Directive 2 (PSD2) takes effect, in January 2018, banks will be required to open their businesses to outside service providers. That includes offering these outsiders access to application programming interfaces (APIs), which are the digital protocols that allow third parties to build apps linking to a business. In the UK, […]

Digitalisation of work: blessing for some, curse for others

It is a commonplace that we live in the age of disruption. The latest trend towards digitalisation is set to accelerate changes in the workplace and transform the labour market perhaps irreversibly. Current debates on the digitalisation of work concern the extent and degree to which advanced technology such as robotics, artificial intelligence, machine learning and algorithmic decision-making could […]

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    Once Upon an Algorithm: How Stories Explain Computing- Book Review

Once Upon an Algorithm: How Stories Explain Computing- Book Review

Find this book: 

Once Upon an Algorithm: How Stories Explain Computing. Martin Erwig. MIT Press. 2017.

Most of us enjoy listening to stories. They can serve as mnemonic devices as well as teach us about and perhaps even change our lives, lives which are increasingly fast-paced and much more digital than they once were. Whilst stories can have a transformative […]

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    Competition for Amazon’s HQ2.0 shows cities are keen to offer incentives to firms

Competition for Amazon’s HQ2.0 shows cities are keen to offer incentives to firms

Where will Amazon locate its proposed HQ2.0? While we do not know yet, we do know one thing:  there is no lack of competition between states and local governments over attracting the online retail giant’s second headquarters.  State and local governments are competing to attract the coveted, high-paying jobs that have the potential to transform whatever locality the firm […]

December 2nd, 2017|Economics, Eric Stokan|0 Comments|
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    If we want to create jobs in local areas, the idea of ‘local’ needs to be revisited

If we want to create jobs in local areas, the idea of ‘local’ needs to be revisited

Place-based policies that target disadvantaged areas are widespread in both high-income and developing countries. Their impact depends crucially on the effective size of local labour markets. If labour markets are very local, an effective intervention needs to be targeted to the disadvantaged areas themselves and more distant interventions will not benefit the target group. If labour markets are not […]