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10 Flaws with Mainstream Economics

Tom Spencer

In order to develop a more coherent world view that can reliably inform individual, business and government decision making, we must be willing to question some of the basic ideas that are foundational to mainstream economic thinking. High monopoly prices also make it attractive for entrepreneurs to develop substitutes.

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Blockchain Will Transform Customer Loyalty Programs

Harvard Business

household participates in 29 different loyalty programs, according to the 2015 Colloquy Loyalty Census. IBM, for example, is partnering with startup Loyyal to develop blockchain infrastructure for loyalty and rewards programs. First, blockchain could help relieve a large balance-sheet liability that many in the industry are facing.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

See More Videos > See More Videos > Tackle the balance sheet. “Take an interest in the balance sheet and then do the due diligence to understand it,” he says. Experiment with the numbers on your organization’s balance sheet by going through a series of “what if?”

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Seven Charts Explain Why Chicago Bonds Rated Junk

MishTalk

Chart #2: Growing Payments While the current state of the city’s balance sheet is dismal, the real problem relates to what is expected to develop over the next decade. Chicago pension plan payments are expected to double from 2014 to 2015, and will then continue to rise for another decade before they begin to decline.

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The Globalization Backlash Is Reverberating Through Boardrooms

Harvard Business

In 2015, Global Trade Alert, an independent trade-monitoring group, cited at least 644 discriminatory trade measures imposed by the G20 economies with the U.S. Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. at the forefront.

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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

It breeds indifference, which in turn breeds a yawning gap between underwriters, whose balance sheets absorb risk (the risk takers), and customers, whose enterprises create risks (the risk makers). In 2015 these top three players generated 48% of the revenues among the top 50 brokers in the U.S.

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Right on Cue: Fed's Dudley Delivers Dovish Speech

MishTalk

In relatively dovish remarks to a business audience in Newark, New Jersey, Dudley did not repeat his refrain that a rate hike could reasonably be expected to come by mid-2015. percentage point from overall 2015 growth, he added. Low oil prices and the drop in domestic drilling will exert a "meaningful drag" on U.S.