American banks continue to phase out free checking accounts

Thanks;Maria LaMagna Published;Jan 23, 2018 12:55 a.m. ET Bank of America has shut down one of its checking accounts, used by some low-income consumers Bank of America has eliminated one of its checking accounts. Bad news for low-income consumers: There’s now one fewer place where you can store your cash for free. Bank of America…

Nobel Prize goes to behavioral economics pioneer Richard Thaler

Thanks;Barbara Kollmeyer Published: Oct 9, 2017 6:09 am ET Richard Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, has won the Nobel Prize in Economic Sciences for 2017. “In total, Richard Thaler’s contributions have built a bridge between the economic and psychological analyses of individual decision-making,” said…

There’s a new way to mine for lithium and it’s right here in the U.S.

Thanks;Claudia Assis Published: Aug 19, 2017 4:14 p.m. ET Crater Lake in Oregon, a caldera lake formed after a volcano collapse. Using trace elements as proxy, Stanford says it is easier to detect lithium in supervolcano lake deposits Scientists at Stanford University say they have found a new way to detect large deposits of lithium,…

How ‘guerilla’ start-ups can make the world a better place

Thanks; @IBGC_Fletcher & Word Economic Forum REUTERS/Thomas Peter At the Stockholm Tech Fest this year, Swedish entrepreneur Niklas Zennström issued a rare and refreshing call to implement the UN Sustainable Development Goals (SDGs) in their next startup idea. As founder of Skype, he knows a thing or two about opportunity-spotting. The UN goals involve complex problems, but…

Traders braced for all-night vigil as Brexit votes counted

THANKS;Harriet Agnew Traders and brokers across the City of London are bracing themselves for an all-night vigil as the votes are counted in the Brexit referendum. Senior staff and traders at banks including Citigroup, JPMorgan, Goldman Sachs and Morgan Stanley have been asked to stay overnight in the office while others are working in shifts…

Chinese hedge funds scramble as regulators clean up ‘Wild East’

Thanks:  Michelle Price and Engen Tham / HONG KONG/SHANGHAI China’s hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. Domestic and foreign hedge fund managers are scrambling to…

World Bank Group Headquarters Attains EDGE Assess Certification for Gender Equality

Thanks;The World Bank,IBRD•IDR Published;February 11, 2016 WASHINGTON/GENEVA, February 11, 2016 – The World Bank Group headquarters in Washington, DC, has earned the first level of EDGE certification, EDGE Assess, taking an important step in achieving gender equality. The World Bank Group headquarters is the first location of an international financial institution to attain this certification….

Irredeemable?

Thanks;The Economist Brazil’s crisis Published;JAN,04 A former star of the emerging world faces a lost decade Jan 2nd 2016 | RIO DE JANEIRO | From the print edition THE longest recession in a century; the biggest bribery scandal in history; the most unpopular leader in living memory. These are not the sort of records Brazil…