via CL: In his recent book, Between Debt and the Devil, Turner’s conclusions are dictated by what he sees as the paradoxical character of modern developed economies. As currently structured, rich economies seem to need to borrow ever more money to generate economic growth. But that very addiction to debt makes them vulnerable to periodic busts that deeply damage the economy. Lord Adair Turner on the 'largely fictional' world of finance
IF IT WEREN’T FOR FAKE HATE CRIMES, WOULD WE HAVE ANY HATE CRIMES AT ALL? University of Iowa student’s family recants claims of hate crime.
Marcus Owens, the black University of Iowa student whose family claimed he was the victim of a hate crime and racial slurs at the hands of three white men, has issued a public apology after an Iowa City police investigation showed him to be involved in three fights during the hours the assault was alleged to have occurred.
News from the Profession. “What’s the Future of the CPA Brand?” (Caleb Newquist, Going Concern)
"A Nasty Split in U.S. Courts Over Human Rights": Law professor Noah Feldman has this essay online today at Bloomberg View
APPARENTLY, “FAT-SHAMING” DOESN’T PRODUCE CELIBACY: Number of overweight, expectant mums rising dramatically, health insurer warns
Maybe the CDC needs a little more focus
20-year review shows 90% of disasters are weather-related; US, China, India, Philippines and Indonesia record the most UNISDR
The goal of the Behavioral Interventions to Advance Self-Sufficiency (BIAS) project was to learn how behavioral insights could be applied to human services agencies that serve low-income and vulnerable populations in the United States. While each intervention was designed to respond to unique challenges faced by particular programs, seven behavioral concepts were used in almost every site. These seven concepts led to the “SIMPLER” framework: Social influence, Implementation prompts, Mandated deadlines, Personalization, Loss aversion, Ease, and Reminders Developing SIMPLER Solutions
“We are at the dawn of an extraordinary technological revolution, and it is transforming every part of the U.S. economy. Beyond social media and e-commerce, advances are coming to every industry and leaving a wake that could be either disastrous or transformative to every city in the country. In the same way a handful of cities became major commerce centers in the industrial era, new cities will emerge as leaders in the digital economy. Yesterday’s expertise will not guarantee tomorrow’s economic wins. Without leaders who understand this and act to help their communities transition, cities will fall behind. Innovation that Matters examines and ranks 25 cities’ readiness to capitalize on the inevitable shift to a digital economy. It carves out critical trends every U.S. city leader can learn from and offers recommendations local leaders can adopt to strengthen their region’s digital competitiveness
Rise and fall of social media