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The Japanese philosophy of kaizen offers opportunity for industrial development in Africa

By Jin Kimiaki, Keijiro Otsuka, Tetsushi SonobeThere is a consensus among economists that for economic growth to be sustainable in the long run, it must be driven by productivity gains. While it is true that productivity can be improved using new machinery, technology does not improve productivity unless operators use and maintain it properly. Good…

Posted in Economic News | Comments Off on The Japanese philosophy of kaizen offers opportunity for industrial development in Africa

The coming digital divide: What to do, and not do, about it

By Blair Levin One of the few bipartisan agreements in Washington, D.C. these days is that our country needs to bridge the digital divide and guarantee that no area is bereft of the broadband infrastructure necessary to thrive in the 21st century information economy. Despite that consensus, the digital divide is about to get worse,…

Posted in Economic News | Comments Off on The coming digital divide: What to do, and not do, about it

Figures of the week: Africa’s business potential

By Payce Madden On January 11, the Africa Growth Initiative at Brookings released Foresight Africa: Top priorities for the continent in 2019, focusing on six key priorities for the region in 2019. The fifth chapter, Africa’s untapped business potential, focuses on the massive opportunities that exist for the private sector in African markets that could…

Posted in Economic News | Comments Off on Figures of the week: Africa’s business potential

Debt management in a challenging environment: Lessons from Côte d’Ivoire

By Adama Koné Côte d’Ivoire’s objective is to reach the status of an emerging country by 2020, a goal that will require a debt management strategy that enhances economic performance over the coming years while preserving macroeconomic stability. While debt issuance is necessary to help finance capital expenditure and the broader economic agenda, the government…

Posted in Economic News | Comments Off on Debt management in a challenging environment: Lessons from Côte d’Ivoire

Job openings reach a record high

The U.S. economy posted 7.3 million open jobs in December despite trade tensions and a partial government shutdown

Posted in Economic News | Comments Off on Job openings reach a record high

Reddit raises $300 million in finance round led by China’s Tencent

The investment, which values the social media service at $3 billion, comes as Reddit is blocked in China

Posted in Economic News | Comments Off on Reddit raises $300 million in finance round led by China’s Tencent

Wall Street jumps on optimism over U.S.-China trade talks

Investors are watching for progress in U.S.-China trade talks and in negotiations to avert a second government shutdown

Posted in Economic News | Comments Off on Wall Street jumps on optimism over U.S.-China trade talks

Corporate tax cuts were supposed to boost worker pay — they aren’t

Despite a healthy U.S. economy, most businesses plan to offer employees only a modest raise this year

Posted in Economic News | Comments Off on Corporate tax cuts were supposed to boost worker pay — they aren’t

Toys R Us plots a 2nd act with new look, new name

The children’s brand is planning to return as Tru Kids, with smaller stores and a stronger e-commerce presence

Posted in Economic News | Comments Off on Toys R Us plots a 2nd act with new look, new name

These new Barbies come in a wheelchair and have a prosthetic leg

Mattel says it’s making iconic toy line more diverse after adding two dolls with disabilities

Posted in Economic News | Comments Off on These new Barbies come in a wheelchair and have a prosthetic leg

$1,000 monthly in universal basic income gets put to a test

Presidential candidate Andrew Yang will pay two families that much for a year to promote his free income proposal

Posted in Economic News | Comments Off on $1,000 monthly in universal basic income gets put to a test

Toys R Us plots a second act with new look, new name

The children’s brand is planning to return as Tru Kids, with smaller stores and a stronger e-commerce presence

Posted in Economic News | Comments Off on Toys R Us plots a second act with new look, new name

CBD fans want edibles, but some states are cracking down

States are cracking down on cannabidiol-infused food over safety concerns — some in the industry say it’s warranted

Posted in Economic News | Comments Off on CBD fans want edibles, but some states are cracking down

Where’s my tax refund? The IRS has a tracker for that

Now you can easily find out when your check will arrive, but you’ll also have to allow yourself to be tracked

Posted in Economic News | Comments Off on Where’s my tax refund? The IRS has a tracker for that

How companies are also flunking retirement planning

Few employers offer phased-retirement plans, which can help both workers and companies plan for retirement

Posted in Economic News | Comments Off on How companies are also flunking retirement planning

Denver teachers to strike for first time in 25 years

Educators are planning to strike Monday after failed negotiations with the school district over base pay

Posted in Economic News | Comments Off on Denver teachers to strike for first time in 25 years

How to right some common financial wrongs

CBS News business analyst and certified financial planner, Jill Schlesinger, joins “CBS This Morning: Saturday” to discuss some key financial tips from her new book, “The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Your Financial Wrongs.”

Posted in Economic News | Comments Off on How to right some common financial wrongs

“You feel so overwhelmed”: Fed reports $1 trillion increase in debt

The Federal Reserve reports that since 2013, there has been a $1 trillion increase in the amount of debt American are carrying

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Fed reports $1 trillion increase in Americans’ debt

The Federal Reserve reports that since 2013, there has been a $1 trillion increase in the amount of debt American are carrying. Jericka Duncan reports.

Posted in Economic News | Comments Off on Fed reports $1 trillion increase in Americans’ debt

Rubies: The real rock stars

Diamonds may be a girl’s best friend, but blood-red gemstones are a cut above the rest. Serena Altschul examines what qualities make rubies the new gold standard for romantic gifts

Posted in Economic News | Comments Off on Rubies: The real rock stars

Gucci and Prada aim for outrageousness, get outrage

Upscale fashion designers spur backlash with racist designs — are they as clueless as they seem?

Posted in Economic News | Comments Off on Gucci and Prada aim for outrageousness, get outrage

Valentine’s Day: Fewer love it, more leave it

A record low number of people plan to mark the commercial occasion, but those who do are spending more than ever

Posted in Economic News | Comments Off on Valentine’s Day: Fewer love it, more leave it

“Fiji Water Girl” is countersued by Fiji Water over Golden Globes photos

The countersuit claims Kelleth Cuthbert, who went viral for her Golden Globes photobombing, wants “to extort” money from the water company

Posted in Economic News | Comments Off on “Fiji Water Girl” is countersued by Fiji Water over Golden Globes photos

Wells Fargo outage: Customers say direct deposits aren’t showing up

Banking customers complained about problems accessing their accounts, while the bank vowed to reverse fees

Posted in Economic News | Comments Off on Wells Fargo outage: Customers say direct deposits aren’t showing up

So far, tax refunds this year are smaller than in 2018

Average refund dropped by $170 from this time last year, leaving some taxpayers fuming

Posted in Economic News | Comments Off on So far, tax refunds this year are smaller than in 2018

Spike Lee boycotts Gucci and Prada over blackface items

His boycott was a powerful message to fashion houses

Posted in Economic News | Comments Off on Spike Lee boycotts Gucci and Prada over blackface items

3 tips for entrepreneurs with late-paying customers

More than two-thirds of small business owners can’t pay themselves and nearly one-fifth can’t invest in their businesses as a result

Posted in Economic News | Comments Off on 3 tips for entrepreneurs with late-paying customers

Homebuying in 2019: Prices dipping, but other problems linger

While it may not be as strong of a seller’s market, higher mortgage rates and lack of inventory could stymie buyers

Posted in Economic News | Comments Off on Homebuying in 2019: Prices dipping, but other problems linger

Target updates app after TV station reveals in-store price hikes

The TV station randomly picked 10 items and found four of them jumped in price when they approached a store

Posted in Economic News | Comments Off on Target updates app after TV station reveals in-store price hikes

Amazon could scrap New York City HQ2, report says

Ecommerce giant faces fierce local resistance to its plan to build a second headquarters in borough of Queens

Posted in Economic News | Comments Off on Amazon could scrap New York City HQ2, report says

FTC busts “phantom debt” collection scheme

Consumers were allegedly duped out of millions of dollars by debt collectors masquerading as lawyers

Posted in Economic News | Comments Off on FTC busts “phantom debt” collection scheme

Trump says U.S. has the world’s “hottest” economy — he’s way off

While other economies are stronger, America’s is no slouch, but it is noticeably slower than just a few months ago

Posted in Economic News | Comments Off on Trump says U.S. has the world’s “hottest” economy — he’s way off

CBD fans want edibles, but some states are killing their buzz

States are cracking down on cannabidiol-infused food over safety concerns — some in the industry say it’s warranted

Posted in Economic News | Comments Off on CBD fans want edibles, but some states are killing their buzz

Automakers recall 1.7 million cars over air bag fears

Subaru, Tesla and five other car manufacturers will replace potentially lethal inflators from Takata

Posted in Economic News | Comments Off on Automakers recall 1.7 million cars over air bag fears

Instagram changes rules on self-harm postings after suicide

The change comes after a father blamed the social-media service for contributing to his daughter’s decision to take her life

Posted in Economic News | Comments Off on Instagram changes rules on self-harm postings after suicide

Cashless trend worries lawmakers: “If it’s not discrimination, it’s elitism”

Cash is no longer king at many businesses, but a lawmakers across the country are trying to protect consumers’ options

Posted in Economic News | Comments Off on Cashless trend worries lawmakers: “If it’s not discrimination, it’s elitism”

Millionaire (and billionaire) taxes: An idea whose time has come?

Proposals to jack up taxes on the richest Americans are back on the political map, and still popular with the public

Posted in Economic News | Comments Off on Millionaire (and billionaire) taxes: An idea whose time has come?

Court OKs Eddie Lampert’s bid to buy bankrupt Sears

Investor says his plan would keep more than 400 stores open and save tens of thousands of jobs

Posted in Economic News | Comments Off on Court OKs Eddie Lampert’s bid to buy bankrupt Sears

Walgreens tops list for illegal cigarette sales to minors

FDA says the drugstore chain has racked up nearly 1,800 violations for selling tobacco products to children

Posted in Economic News | Comments Off on Walgreens tops list for illegal cigarette sales to minors

Stakes are high for cities and regions ahead of an unsettled 2020 census

By Alan Berube A little over one year from now, the United States will participate in a democratic tradition that stretches back to the founding of the republic: the once-a-decade census of its population. From 1790 (U.S. population: 3.9 million) to 2010 (U.S. population: 309 million), the decennial census has changed alongside the nation itself….

Posted in Economic News | Comments Off on Stakes are high for cities and regions ahead of an unsettled 2020 census

Ikea exploring first foray into renting furniture

Housewares giant will test rental program this spring as it looks to attract new customers and adapt to changing habits

Posted in Economic News | Comments Off on Ikea exploring first foray into renting furniture

Woody Allen sues Amazon over scuttled four-movie deal

The director is seeking $68 million from the tech giant, which refused to distribute Allen’s latest film

Posted in Economic News | Comments Off on Woody Allen sues Amazon over scuttled four-movie deal

Medicare patients face surging costs for some life-saving drugs

Participants in the federal health program often struggle to afford treatments for cancer and other diseases

Posted in Economic News | Comments Off on Medicare patients face surging costs for some life-saving drugs

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