Handbook

Nacha Celebrates 50 Years of Payments Innovation

Retrieved on: 
火曜日, 5月 7, 2024
Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Software, Education, Direct deposit, ACH, International, McEntee, ACH Network, Risk management, Handbook, Accreditation, NACHA, Private sector, AAP, IAT, Bank

Fast forward 50 years—today Nacha is not only known for governing the thriving ACH Network, but also for developing rules and standards, providing industry solutions, and delivering education, accreditation, and advisory services.

Key Points: 
  • Fast forward 50 years—today Nacha is not only known for governing the thriving ACH Network, but also for developing rules and standards, providing industry solutions, and delivering education, accreditation, and advisory services.
  • The year’s festivities kicked off in earnest today as Jane Larimer, Nacha President and CEO, joined two of her predecessors on stage here at Smarter Faster Payments 2024 to reflect on a half-century of payments innovation and to look ahead at Nacha’s future.
  • Larimer promised that the first 50 years are only the beginning for Nacha and the ACH Network.
  • Nacha will continue to grow Same Day ACH through expanded processing windows and faster funds availability, build superior risk-management tools and resources, continue to foster an engaged and diverse payments community, deliver best-in-class payments education and accreditation programs, and continue to advance payments system innovation and interoperability.

New Book Launch: Revolutionary Optimism: 7 Steps for Living as a Love-Centered Activist

Retrieved on: 
水曜日, 5月 1, 2024
Steps, System, Frustration, School, Friends, Optimism, The War, Trauma, Handbook, Hatred, History, Police, Film industry

WASHINGTON, May 1, 2024 /PRNewswire/ -- In his new handbook, Revolutionary Optimism: 7 Steps for Living as a Love-Centered Activist, Dr. Zeitz shares stories, wisdom, and practices for your personal growth and our collective liberation.  Revolutionary Optimism is available to help you explore your life's purpose and how to take love-centered actions with any group of friends, families, co-workers, spiritual communities, schools, civic groups, etc.

Key Points: 
  • WASHINGTON, May 1, 2024 /PRNewswire/ -- In his new handbook, Revolutionary Optimism: 7 Steps for Living as a Love-Centered Activist , Dr. Zeitz shares stories, wisdom, and practices for your personal growth and our collective liberation.
  • On Revolutionary Optimism, Congresswoman Barbara Lee (D-CA) states: "Certain periods in human history call for the revolutionary transformation of our social, economic, and political systems.
  • Revolutionary Optimism: 7 Steps for Living as a Love-Centered Activist is a sacred storehouse of wisdom destined to serve all of us on our journeys.
  • We must ensure that peaceful protestors are met with a peaceful non-violent response by the police and military forces."

Cruise Lines International Association (CLIA) Announces 2024 Hall of Fame Cruise Industry Award Winners

Retrieved on: 
火曜日, 4月 23, 2024
Hospitality, The Hertz Corporation, Revenue management, Partnership, Human, Culture, Commerce, Travel, Woman, P&O Cruises Australia, Empowerment, Cruise Lines International Association, British American Tobacco, Handbook, Kiwanis, Emeril Lagasse, Hospital, Certification, Research, BOLT, American Red Cross, Marketing, TPI, Organization, Ship, Operation Homefront, Lead, Cruise line, Disaster response, CTC, Ultimate, Carnival, Business development, Liquefied natural gas, CLIA, Tourism, International Association, Maritz, Acquisition, Carnival Cruise Line, ECCS, Creativity, Carnival Corporation & plc

WASHINGTON, April 23, 2024 /PRNewswire/ -- Cruise Lines International Association (CLIA) has announced the 2024 CLIA Hall of Fame Cruise Industry Award winners.

Key Points: 
  • WASHINGTON, April 23, 2024 /PRNewswire/ -- Cruise Lines International Association (CLIA) has announced the 2024 CLIA Hall of Fame Cruise Industry Award winners.
  • Award winners were inducted during the CLIA Hall of Fame Cruise Industry Awards & Gala Dinner during the CLIA Cruise360 conference in Fort Lauderdale, Florida on Thursday, April 18th, 2024.
  • and the world's most popular cruise line, Carnival Cruise Line, President Christine Duffy leads more than 48,000 team members delivering fun and memorable cruises to more than 5.5 million guests each year.
  • She joined Carnival after a successful tenure as president and CEO of the Cruise Lines International Association (CLIA), which represents the $120 billion global cruise industry.

Monetary asmmetries without (and with) price stickiness

Retrieved on: 
金曜日, 4月 19, 2024
Online, University, Public Security Section 9, Employment, Calibration, Small, Equity, Volume Ten, Research Papers in Economics, Policy, A.4, Communication, Crisis, Mass, Silvana Tenreyro, Business, Shock, Intuition, Business cycle, TFP, Volume, European Economic Review, Marginal value, SME, NBER, Forecasting, Depression, 3rd millennium, European Economic Association, Conceptual model, Journal of Monetary Economics, Insurance, Harmonization, Great Depression, CES, Economic Inquiry, Paper, Environment, Political economy, Journal of Financial Economics, MIT, University of York, COVID-19, Behavior, Review of Economic Dynamics, Rigid transformation, Website, Access to finance, Accounting, Working paper, Probability, Total, Appendix, Section 8, Quarterly Journal of Economics, Zero lower bound, Curve, Chapter, Cost, Nominal, Journal of Political Economy, Euro, PDF, ECB, Unemployment, Hoarding, STAT, Economic Policy (journal), Household, Canadian International Council, Social science, Government, Federal Reserve Bank, JEL, Journal, Textbook, Missing, Food, Private sector, A.5, Asymmetric, The Journal of Finance, Credit, Speech, Princeton University Press, Literature, NK, European Central Bank, Growth, Labour, Monetary economics, Loss aversion, Financial intermediary, Injection, Elasticity, Inventory, Subprime lending, Ben Bernanke, Finance, BIS, Phillips curve, International Economic Review, Money, London School of Economics, Marginal product of labor, Pruning, Marginal product, The Economic Journal, Rate, Aswath Damodaran, Risk, OECD, Competition (economics), Section 4, MIT Press, Consumption, Bond, Section 3, Yield curve, Loanable funds, Habit, Cobb–Douglas production function, Economy, Aarhus University, Financial economics, Section 2, Conference, Central bank, Chapter Two, Monetary policy, Capital, Hartman–Grobman theorem, CEPR, Framework, American Economic Review, Capital Markets Union, ZLB, Exercise, Liquidity, Interest, Intensive word form, Workshop, European Commission, Macroeconomic Dynamics, Population growth, B1, Response, Quarterly Journal, Community business development corporation, GDP, E31, Control, Journal of Economic Theory, Christian Social Union (UK), T2M, Hamper, Data, American Economic Journal, Aggregate, Konstantinidis, B.1, A.9, A.6, Remuneration, Civil service commission, EUR, Uncertainty, Motivation, A.7, Bank, GFC, Section 13, Motion, Reproduction, IMF, Staggers Rail Act, Abstract, Tale, Handbook, Asymmetry, Stanford University, Communications satellite
Key Points: 

    Is home bias biased? New evidence from the investment fund sector

    Retrieved on: 
    木曜日, 4月 18, 2024
    Rule of law, Journal of Accounting Research, Capital control, Domestic, CEPII, Research Papers in Economics, M. B, Regression analysis, Journal of International Economics, Foreign, Economic growth, Methodology, Row, International, Intuition, Risk, Heritage, Economic development, Goethe University Frankfurt, Overweight, Journal of Monetary Economics, Accounting research, International business, Paper, Political economy, Journal of Financial Economics, Environment, Website, United, Category, World Bank, Probability, Medical classification, Sun, Appendix, Handbook, G11, Quarterly Journal of Economics, Frankfurt, Institution, Investment, International economics, Journal of Political Economy, Corporation, G15, Logic, Dow Jones, PDF, Classification, ECB, CEIC, Károlyi, Policy, Outline, Household, Social science, JEL, Real, Bias, FDI, Journal, Research, Journal of Economic Literature, Credit, The Journal of Finance, Literature, Nationalization, European Central Bank, AA, Culture, Growth, Monetary economics, Section 5, Kho, Rule, Rogoff, Developed country, AAA, Finance, SHS, Control, Variable, Section 4, Language, Section 3, Role, Economy, Financial economics, Section 2, Freedom, Central bank, Incidence, Law, The Heritage Foundation, American Economic Review, Obstfeld, SSRN, Foreign direct investment, G23, Corruption, Quarterly Journal, Financial statement analysis, GDP, IMF Economic Review, Schumacher, University, MVI, Demirci, Dependent and independent variables, Lane, Common, Magazine, Bank, Reproduction, Security (finance)
    Key Points: 

      A new measure of firm-level competition: an application to euro area banks

      Retrieved on: 
      木曜日, 4月 18, 2024
      Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

      Abstract

      Key Points: 
        • Abstract
          This paper extends Boone (2008) by introducing a competition measure at the individual
          firm level rather than for an entire market segment.
        • We apply this extended Boone indicator to individual bank-level competition
          in the loan market in the four largest euro area countries and Austria.
        • Our new measure of firm-level competition enriches and complements
          other competition measures and provides a promising starting point for future market
          power analyses.
        • The only measure among non-structural measures that is based on the
          concept of competition as a process of rivalry is the Boone (2008) indicator.
        • We introduce
          a new performance measure of competition by extending the Boone indicator to the
          individual firm level.
        • Introduction
          The ability to reliably measure competition is valuable to researchers, analysts, and
          policymakers, especially antitrust authorities, financial supervisors, and central banks.
        • One broad
          category of indicators often used to measure competition are structural competition
          measures, such as static concentration measures, and dynamic measures, e.g., entry and
          exit rates.
        • Out of these measures, the only measure based on the
          concept of competition as a process of rivalry is the Boone indicator.
        • This study introduces a new performance measure of competition by extending the
          Boone indicator to the individual firm level.
        • It thus measures the
          increase in profits in percent of one percentage point increase in efficiency, with marginal
          costs as measure of efficiency.
        • We extend the theoretical
          underpinning of the measurement of competition for the entire market of Boone (2008) by
          a new measure of individual firm-level competition.
        • A concern of the literature is the gap
          between the practical application and the theoretical framework of Boone (2008).
        • We introduce within the same theoretical
          framework a new measure of competition on firm level, the MRP.
        • Our new
          measure significantly augments the antitrust evaluative framework by shedding light on
          whether a merger results in a less competitive market.
        • Our novel indicator focuses on
          firms? incentives to enhance their relative efficiency, as manifested in the elasticity
          between relative profits and efficiency.
        • However, an inefficient firm that is foreclosed could be more
          competitive than the larger efficient firm that relies on its scale economies.
        • Our new metric of competition unveils
          banks? ability to influence their profitability in the short term by cutting costs relative to
          their peers.
        • The new MRP indicator provides the ability to assess the impact
          of individual banks? competitiveness on their interest rate-setting behaviour in loan
          markets.
        • Incorporating this information promises a more refined understanding of the impact and
          timing of monetary policy rates changes on the real economy.
        • Section 3 introduces within the Boone
          (2008) theoretical framework our new measure of individual firm-level competition,
          including the interpretation of the MRP.
        • Section 4 provides an application of our new
          ECB Working Paper Series No 2925

          6

          individual firm-level competition measure to the loan market.

        • The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
          industrial organization for analysing competition behaviour in markets.
        • Concentrated
          markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
          markets result in higher prices and profits.
        • For example, a tougher competition
          setup may lead to a reallocation of market shares, potentially forcing some firms to exit
          the market.
        • This approach gives firms? strategic behaviour
          central stage and focuses on the strategic interaction on prices and quantities, known as
          conjectural variation.
        • Another measure from
          this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
        • The only competition measure from this performance literature where competition is the
          outcome from a process of rivalry is the Boone indicator.
        • A continuous and monotonically increasing relationship exists between
          RPD and the level of competition if firms are ranked by decreasing efficiency.
        • (2013) compare the Boone indicator with the price-cost margin
          and conclude that the profit elasticity is a more reliable measure of competition.
        • The high
          elasticity of profits to efficiency unequivocally indicates that the high market shares and
          therefore high profits are due to high efficiency.
        • A firm that quickly passes changes to the input prices is seen as a price
          taker with little market power.
        • Indicators of competition tend to measure different phenomenon and may provide
          conflicting messages, as reported for European banking by Carbo et al.
        • Application 2: Test the ?quiet life? and related market structure hypotheses using the
          MRP as competition or market structure measure.
        • Data
          Our application to individual bank-level competition in the euro area loan market uses
          balance sheet and income statement data from the Moody?s Analytics BankFocus for the
          calendar years 2013-2020.
        • As such, most publications
          on competition in the euro area includes the largest four member states.
        • Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
          banks (depending on the year) from five euro area countries.
        • Application 1: Measure bank competition using MRP
          Looking at the distribution of the MRP for individual banks (Fig.
        • A similar finding for the four largest euro area countries as a group is
          reported in Carbo et al.
        • Application 2: Test of market structure hypotheses using MRP
          Our new measure of individual-bank competition can be used to test market structure
          theories.
        • Euro area banks? market power,
          lending channel and stability: the effects of negative policy rates, European Central Bank
          Working Paper, 2790 (February).
        • A
          new approach to measuring competition in the loan markets of the euro area, Applied
          Economics, 43 (23), 3155?3167.
        • Impact of bank competition on the interest rate pass-through in the euro area, Applied
          Economics, 45 (11), 1359?1380.

      MADD's "Power of Parents Handbook" Helps Parents In the Fight Against Underage Drinking and Impaired Driving

      Retrieved on: 
      火曜日, 4月 9, 2024
      Research, Pennsylvania State University, Nationwide Mutual Insurance Company, Legal drinking age, Medicine, Mother, Crash, Observation, Death, Volunteering, Life, Drinking, Nationwide, CDC, Handbook, Safety, NOT, NHTSA

      IRVING, Texas, April 8, 2024 /PRNewswire-PRWeb/ -- The Power of Parents Handbook developed by Mothers Against Drunk Driving® (MADD) and Robert Turrisi, Ph.D., Professor of Biobehavioral Health and Prevention Research Center at Penn State, is helping to equip parents, guardians, and caring adults to have lifesaving conversations with the youth in their lives.

      Key Points: 
      • "My collaborative effort with MADD on the Power of Parents is easily the most significant highlight of my career.
      • Being able to make a difference in the lives of so many families is such a great privilege and honor.
      • In addition, numerous studies show that kids say their parents are the leading influence on their decisions about drinking.
      • Parents can download free Power of Parents handbooks for parents of middle school and high school students at http://www.madd.org/powerofparents .

      Prospera Energy Inc. Announces a 508% increase in the 2023 Proven Developed Producing (PDP) Reserve Valuation

      Retrieved on: 
      木曜日, 3月 14, 2024
      PEI, Insite, Guideline, CCA, Pressure, APEGA, Philosophy, Acquisition, Table, Freezing, PDP, Barrel, Handbook, Capital Cost Allowance, Oportunidades, Weather, Oil

      InSite has included cost estimates of well abandonment and reclamation for all existing wells, regardless of reserves assignment, and undeveloped locations assigned reserves.

      Key Points: 
      • InSite has included cost estimates of well abandonment and reclamation for all existing wells, regardless of reserves assignment, and undeveloped locations assigned reserves.
      • It is understood that all abandonment and reclamation costs of wells and facilities have been accounted for by the Company.
      • As per the Corporate Production Diagram (above) Prospera attained peaks rates of approximately 1,800 boepd in late December 2023.
      • PEI’s robust 2024 capital development and acquisition plan is to achieve a 2024 year-end exit target rate of 5,000 boepd.

      Global Leadership Company DDI Welcomes New Chief Information Officer; Promotes Chief Science Officer

      Retrieved on: 
      火曜日, 4月 2, 2024
      Online, CIO, Software as a service, Learning, Omnicom Group, Science, Intelligence, Swire, Research, Next Generation, Society, Investment, STEM, Handbook, DDI, Book, Marketing, Management

      PITTSBURGH, April 2, 2024 /PRNewswire/ -- DDI, a global leadership company, today announced that it has hired Julie Simmons as Chief Information Officer, effective April 1, 2024. In addition, the company promoted Dr. Doug Reynolds to Chief Science Officer.

      Key Points: 
      • DDI expands leadership team with CIO Julie Simmons and appoints Doug Reynolds, Ph.D. to Chief Science Officer
        PITTSBURGH, April 2, 2024 /PRNewswire/ -- DDI , a global leadership company, today announced that it has hired Julie Simmons as Chief Information Officer, effective April 1, 2024.
      • In addition, the company promoted Dr. Doug Reynolds to Chief Science Officer.
      • She will lead its global technology function, including Product and Data Engineering, Enterprise Business Systems and Global Technology Services.
      • Previously, DDI's global technology group was led by Dr. Doug Reynolds , who has been promoted to Chief Science Officer.

      Osisko Reports Record 2023 Results and Provides 2024 Guidance and New 5-Year Outlook

      Retrieved on: 
      火曜日, 2月 20, 2024
      Osisko Gold Royalties, Total, Renard, Mining, Investment, GEO, Handbook, Announcement, GEOS, Corporation, Bank

      MONTRÉAL, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce its consolidated financial results for the year-end 2023.

      Key Points: 
      • MONTRÉAL, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce its consolidated financial results for the year-end 2023.
      • Osisko expects GEOs earned to range between 82,000 to 92,000 in 2024 at an average cash margin of 97%.
      • Osisko’s 2024 guidance on royalty and stream interests is largely based on publicly available forecasts from our operating partners.
      • This 5-year outlook replaces the 5-year outlook previously released in 2023, which should be considered withdrawn.