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On the Primacy of the Consumer-Welfare Standard

CFO News Room

The consumer-welfare standard is nothing more, nor less, than an understanding and acceptance of this fundamental economic reality. It is, instead, a relationship that inheres in the nature of all economic activity. Producers who earn profits have actually produced value; producers who suffer losses have not.

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Global trade to rebound modestly: Allianz

Future CFO

Global trade is set to rebound modestly after two consecutive years of below-average global GDP growth, said Allianz recently when releasing its Global Economic Outlook 2023-25. Central banks are predicted to pivot earlier than expected by economic forecasters (i.e. Other major predictions by Allianz include the following.

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The UK Construction Sector’s B2B Payment Practices Crumble

PYMNTS

write off $62 billion in unpaid invoice debt as losses every year. 28) concluded that 55 percent of companies in the construction subcontracting industry feel powerless to influence the payment terms of their contracts with larger construction companies. economic health are their biggest hurdles over the next 12 months.

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Do Our Roads Have to be Built by Government?

CFO News Room

Ironically, it was during Jefferson’s presidency that the government first embarked upon road construction, with the National Road. Thus did the federal camel get its nose under the road construction tent. When good-quality roads became commercially important, profit-seeking firms were there to provide them.

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What Does the Market “Know” ?

Barry Ritholtz

If anything, finding contrary pieces helps reduce confirmation bias and curtails my time in a limited information bubble of my own construction. When big reversals occur, the dynamics of that risk/reward ratio change, often leading to losses. We cannot avoid that fate entirely but we can do our best to keep it to a minimum.

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Labor Dept Floats ‘Tests’ To Define Independent Contractors

PYMNTS

Under the terms of the proposal — an interpretive rule, and not a new mandate — an “economic reality” test would help determine worker status. The test considers whether a worker is in business for himself or herself (independent contractor) or is economically dependent on a putative employer for work (employee),” said the Labor Department.

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BLS Report Shows Static Retail Jobs Picture

PYMNTS

Close behind were food services and drinking places, with 53,000 new jobs; government, 45,000; construction, 42,000; and professional and technical services gaining 32,000 jobs. From December to January, retail trade noted a loss of 8,300 jobs — a month after the December holiday hiring season.

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