Going once, going twice—the winners of this year’s Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on eBay.
Robert Wilson and Paul Milgrom, are famous for their groundbreaking work on auction theory. They took the 2,500-year-old practice of selling goods to the highest bidder and transformed how they worked and how the world looked at a result.
One of the major areas they developed was analysis of how the rules that govern auctions affect the efficiency of the outcomes—how bidders get the value they want, sellers maximize their income, and the process can happen more easily and quickly. Then they found ways to move beyond the fast-talking and gavel-banging stereotype of an auction and into many new types that new rules could enable.
Debra Smith, city of Erie economic and community development director
Debra Smith, the city of Erie’s new director of economic and community development, is the first Black woman to lead a city department.
Debra Smith never thought about making history.
When Smith began working for the city of Erie as an employment and training accountant in December 1985, the Erie native and Indiana University of Pennsylvania graduate was happy to have found a steady job working with numbers.
She figured that her time with city government would eventually lead to a career as a certified public accountant.
Later, she began crunching the numbers for a number of city economic and community development initiatives, and that’s when things changed.
Smith started to comprehend the humanity represented in those ledgers, reports and spreadsheets — and realized she wanted to do even more.
(Reuters) – Global stocks scaled five-week highs on Monday on hopes that more government stimulus was coming and the world economy was on the mend, while the Chinese yuan retreated from a 17-month high after a policy move over the weekend. Investor optimism that Washington will work through talks that have repeatedly stalled to deliver another round of fiscal stimulus drove major U.S. stock indices to highs last seen in early September. Hopes that the top Wall Street banks will announce a decent set of third-quarter earnings this week that show business activity was not as weak as feared also helped. Slugged by stronger investor demand for risk, the U.S. dollar was pinned near a three-week low and gold, another safe-haven asset, stayed below a three-week high. The U.S. bond market is closed on Monday for Columbus Day. The cheer over the economic outlook and government stimulus did not boost
ST. PETERSBURG, Fla., Oct. 8, 2020 /PRNewswire/ — Three Florida properties have been selected to participate in Duke Energy’s Site Readiness Program. In Florida, the program has led to $165 million in investment and 615 jobs over the last seven years.
The new sites are Tropicana Field Site in Pinellas County, 472 Properties in Volusia County, and Frostproof Business Park Site in Polk County. The Site Readiness Program will prepare these new sites for targeted commercial and industrial development to attract future capital investment. Since 2013, Duke Energy has selected 34 high-quality industrial sites in Florida to participate in the program.
Duke Energy works with site owners, local economic development professionals, and county and city officials to identify each participating property’s current status and develop a strategy for providing water, sewer, natural gas and electricity needed for development.
PALO ALTO, Calif., Oct. 8, 2020 /PRNewswire/ — Today Atlas AI announced that its Board of Directors has appointed Abraham (Abe) Tarapani as Chief Executive Officer, where he joins a multi-disciplinary team of experts with backgrounds in machine learning, multispectral imagery product development, econometric analysis and international development. Abe has been a longstanding strategic advisor to Atlas AI which is on track this year to grow revenue 300% and more than double headcount.
“I’m honored to join Atlas AI for the next chapter of the company’s journey,” Tarapani said. “I’ve seen the company grow from the kernel of a vision at Stanford University into a technology leader at the intersection of machine learning, remote sensing and economic development, and yet I know we are just getting started. It’s thrilling to join such an exceptional team, including backgrounds at Planet, Esri, Deloitte and some of the leading PhD programs in
Ramon Ortiz, vice chair of the Latino Chamber of Commerce, said the pandemic has “peeled back the veneer of civilized society,” highlighting disparities across the country. In Wisconsin, where Hispanic and Asian or Asian American residents are among the fastest-growing populations, he said, those fighting for equality must understand the backdrop for their struggle.
Wisconsin “has one of the greatest racial disparities between Black and white,” Ortiz said. “It has yet to even grapple with that, let alone try to address the complexity of Latinos and Asians within this new milieu of race and politics.”
[After paying off its mortgage, Mt. Zion partners to offer mental health services]
BISHKEK (Reuters) – Kyrgyzstan’s parliament has failed to gather a quorum in an overnight session, deputies said on Thursday, leaving the Central Asian nation in a power vacuum as rival groups tried to claim power after ousting the cabinet.
The former Soviet republic, which borders China and hosts a Russian military airbase, has been gripped by unrest since thousands of people protesting against the results of a parliamentary election seized government buildings on Tuesday.
Three opposition groups have each proposed their candidates for interim prime minister who would need to oversee a repeat vote in the coming months, Kyrgyz news website Akipress quoted deputy Ryskeldi Mombekov as saying.
In addition to Sadyr Zhaparov and Tilek Toktogaziyev who have already made their ambitions clear this week, Mombekov said Omurbek Babanov, who has already served as the cabinet head, has also emerged as a contender.
ASBC Releases Proposal For An Equitable Economic System
WASHINGTON, Oct. 7, 2020
Public Policy Initiatives Forge Path To “New Normal” For A Nation In Crisis
WASHINGTON, Oct. 7, 2020 /PRNewswire/ — The American Sustainable Business Council (ASBC), the nation’s foremost business advocate for an environmentally safe and equitable economy, today announces the release of its public policy proposal, Creating An Economic System That Works For All.
Over a year in the making, the 100-page proposal outlines the major crises the nation now faces, from racism to climate meltdown, and supplies strategies to permanently end them, including advocating for reparations for African Americans and Native Americans, Worker Representation on U.S. Corporate Boards, the adoption of Full Cost Accounting, a Wealth Tax and a Progressive Consumption Tax.
The comprehensive proposal comes at a time when many across the country view the current capitalist system as rigged and not