Where in the world are the important financial centers?
That’s the percentage of respondents who expect Shanghai to become the leading global financial center by 2019, according to a survey conducted by Kinetic Partners. Bloomberg News also reports that among the some 300 finance professionals surveyed, New York was named the world’s most important financial center, overtaking London for the second year in a row.
That’s how much the tiny Baltic state of Estonia will charge foreigners to become an “e-resident” of the country. E-residents will be able to open an Estonian bank account, and start and run a company in the country. They just won’t be able to live there.
A new study by the conservative-leaning American Enterprise Institute says that the rise of single-parent households accounts for a 32 percent growth in family-income inequality between 1979 and 2012. Others suggest that the growth in incomes of “one-percenters” is a more likely cause for the widening gap.
Commercial drone regulations are taking off. As reported by the Wall Street Journal, new federal regulations will require operators to have a license. They also will limit commercial drone flights to daylight hours and require them to fly below 400 feet.
That’s how many legal marijuana sellers are in Colorado. And just like every other retailer, they’re gearing up for Black Friday, with deals on joints, vape-pen cartridges and plain old ounces of marijuana. One nickname for the event: “Green Friday.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.