If you've ever rented a property, you may have wondered what happens to the sensitive information on your application. Recent concerns over the foreign harvesting of personal information for questionable purposes should worry everyone.
The 2007–08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail.
Beijing and Tehran are in the process of finalizing an ambitious partnership covering a range of security and economic issues. The United States should not overreact to shifting geopolitical dynamics in the Middle East, and should instead keep an eye out to assess the evolution of the relationship and take stock of what is delivered instead of what is merely promised.
Economic pain in the United States is obvious and palpable everywhere except in the stock market. This spotlights inequality that has been increasing for decades. Undoing disparities will require firm policy commitment over many years.
Housing security is vital to individual and collective well-being. It's also a key component in the nation's economic performance. The looming coronavirus eviction crisis suggests the need to address the systemic problem of housing affordability and security now.
The impulse to do something to help businesses right now is well-intended, but lending to companies that were highly leveraged pre-crisis is a risky bet. Assistance could be best directed toward sound enterprises that are likely to survive and contribute to boosting the economy in the coming years.
The government shutdown highlighted the lack of resilience many suffer from when they encounter unexpected economic events. The median American family has been losing ground for decades. Policy responses to address this situation will be complex and difficult, but are much needed.
Millennials are less worried than baby boomers about national security topics and more worried about kitchen table issues, such as making ends meet each month and paying off debts. But this may have less to do with the fact that they are millennials and more to do with the fact that millennials are young.
Anti-money laundering laws provide lessons for combating covert influence operations, such as Russian meddling in the U.S. election. These laws could be adapted for online media models that do not require users to be paid customers.
Great work is happening as a result of EU spending and programmes, particularly around democracy, rule of law and human rights. To make sure the trend continues, it is important for the populace to understand the value for money of this work.
Many American students struggle with the soaring cost of higher education. And for many college students, debt can have severe negative implications. But on balance, the benefits of a college degree appear to outweigh the costs.
Dodd-Frank, the 2010 financial reform law, is now itself the target of reform. Those involved with the overhaul could draw inspiration from an unlikely source: video games. A simulation game could help predict the effects of changes to regulations—and avoid high-stakes missteps.
Budget cuts at the state court level can mean courthouse closures, hiring freezes and layoffs, leading to longer wait times for the public. Educating the public about the role and importance of the state courts is key to preventing more budget cuts in the future.
While Oxfam reports have done a good job of bringing attention to the problem of inequality, they may lead the public and policymakers to believe that global inequality has been rising instead of falling. Global inequality has actually been on the decline while inequality within the developed world is increasing.
In Bourgeois Equality, economist and historian Deirdre McCloskey advances the theory that ideas — not capital, institutions, innovation, R&D, tax policy, monetary policy, or regulatory policy — are the propelling force behind economic and societal growth.
Saving early for retirement is critical, but it's also important to stay on track during job changes. Younger workers tend to change jobs often, and if they cash out of their plans with each position, that can affect their long-term savings.
Research has fueled concerns about how income inequality drives inequality of opportunity. Commonsense approaches such as improvements in education and access to quality health care have been shown to provide young people with better opportunities.
Establishing a system in which two reserve currencies compete with each other to affect global decisions about reserve holdings may lead to greater financial stability than the present dollar-dominated system.
Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.
Policymakers in Western countries seeking new policy levers to tackle costly lifestyle behaviors in the age of austerity may do well to take up programs based on cash incentives. Recent analysis of conditional payment programs in Latin America highlights some useful lessons.
With numerous data breaches and emerging software vulnerabilities, 2014 was the year the hack went viral. But realizing a few New Year's resolutions in 2015 could help defenders make strides in protection, tools, and techniques to gain the edge over cyber attackers in years to come.
While Tor has many benefits, it is also used to hide criminal activity online such as the recent cyber attacks against JPMorgan Chase and Sony Pictures. The U.S. government should share the IP addresses of Tor network nodes with U.S. critical infrastructure and financial firms so that future cyber attacks could be prevented.
Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.
Women with higher loan balances may be less likely to get married than their peers with lower or no loan balances. But as time goes on, young adults adjust to their post-college financial situation and eventually get promotions, earn raises, obtain other assets, and get married.
Some critics claim that the People's Bank of China is contriving to weaken the yuan's value to promote Chinese exports and stimulate the country's lagging growth. But the yuan's true value may be lower than some popular estimates.
Between 2001 and 2011, China's pledged foreign aid was $671 billion. In all regions and countries, China's assistance focuses on the development of natural resources, principally energy-related (coal, oil, and gas). Both parties presumably benefit from China's aid but both are also exposed to added risks and hidden costs.
One of the chief aims of the Affordable Care Act (ACA) is the expansion of insurance coverage to individuals who at present either cannot afford it or choose not to purchase it. Unfortunately, many Americans lack the financial literacy needed to navigate the numerous and complex options thrust upon them by the ACA.
At RAND's Politics Aside event, former FDIC Chair Sheila Bair, former U.S. pay czar Kenneth Feinberg, and M&T Bank CEO Robert Wilmers talk with Reuters' Rob Cox about the best ways to tackle the problematic too-big-to-fail doctrine.
In considering foreign application to acquire U.S. companies, the United States needs to consider both risks as well as benefits in both defense and economic dimensions, write Charles Wolf, Jr., Brian Chow, Gregory Jones, and Scott Harold.
While soul-searching and even self-loathing are inevitable during a crisis, this is no time for America to shy away from a capitalist system that has produced decades of economic growth, writes Krishna Kumar.