Monday, January 6, 2020

Keep Your New Year’s Resolutions By Using Behavioral Economics

We're still at it, some 4,000 years after the custom began, and most of us, truth be told, really just go through the motions.  We're not serious about meeting the goals we set for ourselves.

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I don't mean to sound like a scold, because I've broken more than my fair share of resolutions, but most of us make these resolutions with the same seriousness as a country club drunk who, after resolving to sober up, toasts his resolution with a double shot. As the Chinese say, "ganbei."

Publisher: Forbes
Date: 2020-01-06
Author: Grant Freeland
Twitter: @forbes
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In case you are keeping track:

5 major themes from this year's largest gathering of economists

Every January, thousands of economists from all over the world  convene in one convention center to share their research on topics ranging from health epidemics to machine learning.

Yahoo Finance was on-site in San Diego for the conference and highlights, which revealed five big topics that could be game-changers for the field of economics.

With interest rates as low as they are around the world, central banks are continuing to emphasize the need for governments to enact fiscal policies to stimulate economic growth.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Bloomberg - Are you a robot?
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Economists Question the Benefits of Targeted Tax Breaks - WSJ

State and local governments across the U.S. spend at least $30 billion a year to attract and keep companies, but the biggest deals generate little in the way of economic benefits in return, a new study shows.

Publisher: WSJ
Date: 2020-01-06T11:00:00.000Z
Author: Richard Rubin
Twitter: @WSJ
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Were you following this:

Levine Leichtman Capital Partners Acquires Resolution Economics in Partnership With Existing

LOS ANGELES , Jan. 6, 2020 /PRNewswire/ -- Levine Leichtman Capital Partners ("LLCP"), a Los Angeles -based private equity firm, announced that it has acquired Resolution Economics, LLC ("Resolution" or the "Company") in partnership with the existing management team. Terms of the transaction were not disclosed.

Resolution is a specialty consulting firm that provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor & employment and commercial litigation matters. Resolution specializes in highly complex class action lawsuits and, as such, employs a highly technical workforce, including 14 with PhDs and 23 with master's degrees.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Levine Leichtman Capital Partners
Twitter: @PRNewswire
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The Finance 202: Risk of Iranian conflict rattles investors.

The new year is already bringing new threats to fray nerves from C-suites to Wall Street: Just as the the U.S.-China trade war cools off, the risk of a hot war with Iran is spiking.

But the economic impact of an escalating conflict in the Middle East remains far from clear. Economists — for now, at least — appear to agree that a limited military confrontation wouldn't mean much to U.S. growth.

"The direct economic impact would be on the collective psyche, equity prices and oil prices," Ryan Sweet, director of real-time economics at Moody's Analytics, writes. "By itself, a military conflict between the U.S. and Iran would have modest implications for the U.S. economy, but the spillover impact on oil prices could be more significant."

Publisher: Washington Post
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A lasting US-Iran conflict would cause 'broad economic, financial shock,' Moody's

As tensions rise in the Middle East, Moody's warned on Monday that any sustained clashes could have global economic repercussions.

"A lasting conflict would have wide-ranging implications through broad economic and financial shock that significantly worsen operating and financing conditions," Moody's senior analyst Alexander Perjessy wrote in a note to clients Monday.

"A protracted conflict would potentially have global repercussions, in particular through its effect on oil prices," he added.

Publisher: CNBC
Date: 2020-01-06T14:39:23 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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