economy (10)

Artificial Intelligence (AI), this technology is quickly reshaping the economic activity and human behavior. Several estimates suggest that AI could create trillions or tens of thousands of dollars in wealth. Right now with AI, we have a set of partially connected national economies playing a global stage.

Now everyone would have this doubt how machine learning could boost the global economy. Most of them think that machine learning is used only for statistics to train computers to independently

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Retirement, start saving now!

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If you think you are still "too young" to think about retirement, you are wrong. The sooner you start, the better you will be off when retired.

Why are so many Americans struggling to save for retirement?

Several things young professionals have to be aware of:

1. To receive full value of your social security you must be 67 years old. ( https://www.socialsecurity.gov/OACT/ProgData/nra.html )

2. 401(k) plans and Individual Retirement Accounts (IRAs). In 401 (k) plans you decide what percentage

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The November 2015 Connecticut Sentiment Index

Oh oh!  We are dropping fast in the land of the not so steady habits anymore– sort of like the Ronda Rousey takedown.  The November Index has taken a significant turn for the worse – declining 5 percent between October and November.   This is the most significant drop since last March. 

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Can’t say this is a surprise: the budget deficit facing the state is all consuming.  Here is the front page of the Junkie today (Sunday, November 15); Here’s the Mirror. I’m not exactly sure but it appears that

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The Future of Brazil

Brazil’s economy is currently in a tough position.  For a while, many sought much growth opportunity in Brazil as it was categorized as a developing economy, part of the BRICS along side Russia, India, China and South Africa.  The prospects looked good, but things have changed.  Since President Dilma Rousseff took office in 2011, Brazil has experienced a slower rate of growth (a touch over 2% per year) than most of its neighboring countries, especially in comparison to some of the other BRICS co

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the New Haven Region: an Econ Primer

A hearty welcome-back to all returning students.  And for those – students, faculty, and staff newly arrived, welcome to the greater New Haven area.  

Here’s a little primer – a snapshot – of the region’s economic activity.  There are numerous ways to appraise a region’s economic activity – income, sales, and employment; I use employment data for this brief.   The idea is to provide you with some sense of what we are, and perhaps with more relevance, what we are becoming.

The greater New Haven a

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http://www.forbes.com/sites/waldleventhal/2014/07/03/3-ways-social-networking-is-impacting-the-freelance-economy/    if the link doesn't open, the article is pasted below (at the end of the page)

3 Ways Social Networking Is Impacting The Freelance Economy

  • More Productive Work

  • Increase in Human Capital

  • Growth Of The Freelance Economy

"A freelancer or freelance worker is a term commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-te

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"Puerto Rico Prepares for Luxury Shopping Amid Recession"

The Mall of San Juan pictured below on September 16, 2014 with the Ernesto Ramos Antonini housing project directly behind it.

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On March 26, 2015 The Mall of San Juan opened its doors in San Juan, Puerto Rico. The island which is a commonwealth of the United States is facing the worst economic recession in its history. The current public debt in the island territory is $73 billion and unemployment rate is 15.4%. Puerto Rico bonds were als

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Is 45 the new old age in the workplace?

This is crazy because 45 years old is not old at all. And to think that the age of retirement is increasing means that a huge age group will be discrimated against in the work place for years on end.  Which is entirely unfair to those who are still raising families and saving for retirement.  -AL

http://money.cnn.com/2014/11/14/news/economy/ozy-old-age-career-45/

ozy old age

At what age are you washed up? Maybe earlier than you think.

There's been no shortage of press about how older workers face discriminatio

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Many economists have studied the reasons why people find difficulty obtaining jobs.  This mainly deals with where somebody lives and the location of available jobs.  Some employers discriminate against certain applicants if they come from a "bad area."   Those searching for jobs tend to feel less hopeful when applying for jobs that are far from their residences.  -AL

http://www.economist.com/news/finance-and-economics/21627628-difficulty-people-have-getting-jobs-makes-unemployment-unnecessarily

Th

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