The $120 Billion Idea Behind This Year’s Nobel Prize in Economics

(Bloomberg Businessweek) — You know that feeling of elation when you win an auction—say, a bidding war for a house—and how it’s immediately followed by that sinking feeling that you overpaid? That’s the winner’s curse. It’s a real thing. Once you stop to think, you realize there’s probably a good reason other people weren’t willing to pay as much as you did. By winning, you just lost.

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Understanding the winner’s curse, and how to avoid it, is part of the reason Stanford University economists Robert Wilson and Paul Milgrom won this year’s Nobel Prize in economics—formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (PDF).

Wilson’s and Milgrom’s work is unusual in that it’s both theoretical and highly practical. The U.S. Federal Communications Commission raised more than $120 billion for taxpayers from 1994 through 2014 by selling off wireless frequencies using an auction

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Healthcare Consulting Services Market to Reach $15.88 billion by 2023 With Increasing Demand for Digital Consultancy

According to the new market research report“Healthcare Consulting Services Marketby Type of Service (Strategy Consulting, Digital Consulting, IT Consulting, Operations Consulting, Financial Consulting, HR Talent Consulting), End User & Region – Global Forecast to 2023“, published by MarketsandMarkets™, the global Healthcare Consulting Services Market is projected to reachUSD 15.88 billionby 2023 fromUSD 9.76 billionin 2018, at a CAGR of 10.2%.

Don’t miss out on business opportunities inHealthcare Consulting Services Market.

The Healthcare Consulting Services Market is primarily driven by significant growth in the geriatric population, rising importance of value-based care, and technological advancements in healthcare.

Based on the type of service, the digital consulting service segment is projected to register the highest growth (value) during the forecast period

Based on the type of service, the market is segmented into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. The

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India’s new plan to tackle $140 billion in bad loans: QuickTake

This article was written by Suvashree Ghosh and Jeanette Rodrigues. It appeared first on the Bloomberg Terminal. 

India has rolled out a fresh plan to tackle an old problem: the mountain of bad loans held by its banks. With the pandemic forecast to push soured assets to a two-decade high, Prime Minister Narendra Modi is struggling to find cash to support the state-run lenders that hold most of it, and to spur credit to a shrinking economy. Most of the risky debt is concentrated in two sectors — telecoms and utilities — that are vulnerable to the economic slowdown, meaning if they face more trouble, then a massive amount of debt goes bad.

1. What’s the plan?

When the pandemic slammed India early this year, the central bank allowed lenders to freeze loan repayments through Aug. 31. Jefferies estimates that borrowers accounting for 31% of outstanding loans took up the

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The $700 billion Hispanic business market in the U.S. is now at the tipping point

  • As gridlock over another round of stimulus for small business in Washington continues, 5 million Latinos are at risk of bankruptcy, a new study reveals on Sunday.
  • Pre-pandemic they were the fastest-growing cohort on Main Street and contributed 4% to U.S. GDP.
  • Latino companies that applied for the Paycheck Protection Program have seen a 21% drop in revenue since February while their costs for PPE and other safety measures rise.



a group of people walking on a city street: Small businesses line Bagley Avenue in the Mexicantown neighborhood of Southwest Detroit, Michigan.


© Provided by CNBC
Small businesses line Bagley Avenue in the Mexicantown neighborhood of Southwest Detroit, Michigan.

As gridlock over another round of stimulus for small business in Washington continues, 5 million Latinos are at risk of bankruptcy, a new study reveals on Monday. Pre-pandemic they were the fastest-growing cohort on Main Street and contributed 4% to U.S. GDP. Their demise portends a troubling trend that can upend communities across America.

Statistics reveal the story. Latino companies that applied

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Mexico Unveils Private-Backed $14 Billion Investment Plan to Lift Ailing Economy | Investing News

MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.

The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.

Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.

Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.

“We have no problem with business leaders. On the contrary, they deserve our utmost respect and

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Boris Johnson’s Wind Energy Plan Needs $58 Billion From Industry

(Bloomberg) —

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Boris Johnson’s plan to quadruple the size of the U.K. offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.

The prime minister is targeting turbines with the capacity to produce 40 gigawatts of electricity by 2030, up from more than 10 gigawatts now. That would speed the nation’s shift away from fossil fuels and help it meet a goal of zeroing out carbon pollution by the middle of the century.

The difficulty is managing so many large infrastructure projects at once. Turbines these days are massive, with blades as big as a jumbo jet’s wingspan. They require highly specialized ships with giant cranes to do the installation, and developers compete to hire the few vessels that can do that work. The money needed to build all those facilities will require

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EU unveils 9 billion euro investment plan for the Balkans

The European Union says it will invest up to 9 billion euros ($10.6 billion) in the Western Balkans to help develop transport and energy infrastructure and spur economic growth and employment in six countries of the volatile region

BRUSSELS — The European Union said Tuesday that it will invest up to 9 billion euros ($10.6 billion) in the Western Balkans to help develop transport and energy infrastructure and spur economic growth and employment in six countries of the volatile region.

The EU’s executive arm, the European Commission, said the funds will be invested in Albania, Bosnia-Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia from 2021-2027. The countries have ambitions to join the EU and the funds will help bring their economies into line with the bloc’s standards

The plan will see money funneled into 10 main areas, including road and rail networks,

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Business Intelligence Market worth $33.3 billion by 2025

CHICAGO, Sept. 25, 2020 /PRNewswire/ — According to the new market research report Business Intelligence Market by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT), and Region – Global Forecast to 2025″, published by MarketsandMarkets, the Business Intelligence Market size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation are expected to drive the growth of the Business Intelligence Market.

Browse in-depth TOC on “Business Intelligence Market”
232 – Tables
54 – Figures
280 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1048

Business Intelligence solutions and services

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