Data mining shows global link between wealth and corruption

Corruption tree diagram

A question that social scientists and economists have long puzzled over, how corruption arises in different cultures and why it is more prevalent in some countries than others.  But finding correlations between corruption and other measures of economic or social activity has always been difficult. Continue reading… “Data mining shows global link between wealth and corruption”

Alibaba and Lending Club start new financing program for U.S. businesses

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Peer-to-peer financing site Lending Club and have put in place a strategic partnership designed to get more U.S. businesses to buy inventory from the alibaba.com’s wholesale marketplace.  They will offer a new financial service called the alibaba.com e-Credit Line that will let U.S. companies apply for credit lines for $5,000 to $300,000, which they can then use to make purchases from the e-commerce giant. Continue reading… “Alibaba and Lending Club start new financing program for U.S. businesses”

Will the sharing economy disrupt the banking industry?

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In the same way that it has torn apart newspapers, radio and the postal service, Bank of England Governor Mark Carney worries that technology will disrupt the banking and financial services industry.  His biggest concern is governments will fail regulate it until it’s too late – “an Uber-type situation,” as he said at the World Economic Forum in Davos last week. Continue reading… “Will the sharing economy disrupt the banking industry?”

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