Shane's Feed
Mar 20, 2014
via Counterparties

Fixing the forex fix

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The scandal that could be more serious than Liebor involves an equally arcane and fundamental component of international finance: London’s daily foreign exchange fixes. These are the rates that traders give to clients, and they are set – “fixed” – at specific times throughout the day. The most important fix is at 4 pm London time. The FT reports that the investigation involves a dozen different regulators in Europe, the US, and Asia, as well as more than 15 commercial banks, and the UK’s central bank.

Mar 20, 2014
via Counterparties

Fixing the forex fix

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

The scandal that could be more serious than Liebor involves an equally arcane and fundamental component of international finance: London’s daily foreign exchange fixes. These are the rates that traders give to clients, and they are set – “fixed” – at specific times throughout the day. The most important fix is at 4 pm London time. The FT reports that the investigation involves a dozen different regulators in Europe, the US, and Asia, as well as more than 15 commercial banks, and the UK’s central bank.

Mar 20, 2014
via Equals

Is there a gender gap in tech salaries?

Recently, Cynthia Than wrote a piece for Quartz entitled “There is no gender gap in tech salaries,” which concluded just that. The truth, however, is quite a bit more complicated than that. What follows is the original text with my annotations; you can also read Than’s follow-up post here. Read “Is there a gender gap in tech salaries?” by Cynthia Than on News Genius

Mar 20, 2014
via Equals

Is there a gender gap in tech salaries?

Recently, Cynthia Than wrote a piece for Quartz entitled “There is no gender gap in tech salaries,” which concluded just that. The truth, however, is quite a bit more complicated than that. What follows is the original text with my annotations; you can also read Than’s follow-up post here. Read “Is there a gender gap in tech salaries?” by Cynthia Than on News Genius

Mar 17, 2014
via Counterparties

The student loan mill

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Last week, the Obama administration rolled out new regulations targeting low-performing colleges: the ones whose graduates have high default rates and huge debt levels relative to their incomes. Using those two data points, the government will start cutting off low-performing schools — many of which are of the for-profit variety — from federal loan and grant money in the next 2-3 years. The government is also  investigating ITT Tech for pressuring students to take out loans they couldn’t afford.

Mar 17, 2014
via Counterparties

The student loan mill

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Last week, the Obama administration rolled out new regulations targeting low-performing colleges: the ones whose graduates have high default rates and huge debt levels relative to their incomes. Using those two data points, the government will start cutting off low-performing schools — many of which are of the for-profit variety — from federal loan and grant money in the next 2-3 years. The government is also  investigating ITT Tech for pressuring students to take out loans they couldn’t afford.

Mar 12, 2014
via Counterparties

Slacktivist monetary policy

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How much slack is there in the labor market? That is, how close is the American labor market to full employment? The answer to that question is important, says Evan Soltas, because estimating whether the economy is near its potential affects what, if anything, policymakers actually do to help the economy. No one is quite sure, but Paul Krugman argues against the emerging consensus that says “even though we still have huge unemployment, we’re actually running out of employable workers”.

Mar 12, 2014
via Counterparties

Slacktivist monetary policy

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

How much slack is there in the labor market? That is, how close is the American labor market to full employment? The answer to that question is important, says Evan Soltas, because estimating whether the economy is near its potential affects what, if anything, policymakers actually do to help the economy. No one is quite sure, but Paul Krugman argues against the emerging consensus that says “even though we still have huge unemployment, we’re actually running out of employable workers”.

Mar 12, 2014
via Equals

More work and less play for women around the world

The Organization of Economic Cooperation and Development has a new report out for International Women’s Day showing how men and women in 26 different countries spend their time. It shows that women spent significantly more time during the day working without pay.

Here’s the percentage breakdown of unpaid work — childcare, household chores, etc. — for each country by gender, including the average (the bar on the far right):

Mar 12, 2014
via Equals

More work and less play for women around the world

The Organization of Economic Cooperation and Development has a new report out for International Women’s Day showing how men and women in 26 different countries spend their time. It shows that women spent significantly more time during the day working without pay.

Here’s the percentage breakdown of unpaid work — childcare, household chores, etc. — for each country by gender, including the average (the bar on the far right):