Economic system

CIRCULAR SOLUTIONS ADVISORS EXPANDS TO HELP ORGANIZATIONS KEEP WASTE OUT OF LANDFILLS

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星期一, 三月 18, 2024

CSA, Organization, Recycling, Coca-Cola, Coca-Cola Consolidated, PET, Economic system, National Association, Aluminium, International Speedway Corporation, NASCAR

ATLANTA, March 18, 2024 /PRNewswire/ -- With most recyclable materials ending up in landfills, it's vitally important that companies take steps to manage waste at their locations. Circular Solutions Advisors (CSA) is helping organizations do just that--creating a circular economy by better managing the entire waste ecosystem.

Key Points:

Circular Solutions Advisors (CSA) is helping organizations do just that--creating a circular economy by better managing the entire waste ecosystem.
A circular economy is successful when waste is recycled and not sent to a landfill.
CSA shows organizations they can care for both the planet and their bottom line.
"The program must make economic sense, so we provide recommendations that help improve recycling effectiveness—with practical solutions and transparent reporting."

The macroeconomic effects of global supply chain reorientation

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星期六, 二月 10, 2024

Bank, Control, Quarterly Journal of Economics, Literature, Deutsche Bundesbank, Reconstruction, COVID-19, Monetary policy, Medical classification, Aggregate, Interest, Hail, Motion, Organization, WT, Policy, Smith, Elasticity, American Economic Review, Information, CHiPs, Journal of Economic Perspectives, Reproduction, Tagliapietra, Culture, Journal of International Economics, Section 3, European Commission, Communication, B16, Shock, NTM, European Chips Act, SSC, PHT, B17, Classification, Common, Tradability, Bank of Italy, Congressional Research Service, NT, Central bank, Private, Exercise, NIU, Labour, PDF, Website, European Parliament, Terrorism, Employment, B10, SUBST, Agricultural economics, F62, RTK, Bank of England, European Central Bank, Calibration, Agriculture, Foreign policy, Semiconductor, International Monetary Fund, Research Papers in Economics, Outline, Council, Openness, Bias, Economic system, European Council, Public policy, Deutsch, Statistics, GDP, Real, American Economic Journal, Table, Journal, YT, EAGLE, Household, Grossman, Science, Conference, Journal of Comparative Economics, Horse, SSRN, TC, Consumption, REA, F13, Section 2, University, Section 5, Legislation, Money, NTD, Central Bank of Ireland, Language, Capital, University of Limerick, Intermediate, CBI, Caselli, Macroeconomics, Crowding, Technical report, B14, Tax, Civil service commission, Growth, Commission, UNCTAD, Optimism, Politics, PIM, PX, Work, Social science, JEL, Government, Automation, HTT, Quarterly Journal, Canadian International Council, ECB, XT, METRO, ELAS, Credit, Bolt, Research, European Communities, American Journal, ArXiv, Unilateralism, Lerner, Motivation, International, C6, Committee, Security (finance)

We analyse the macroeconomic

Key Points:

We analyse the macroeconomic
effects of supply chain reorientation through localisation policies, using a global dynamic
general equilibrium model.
While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
The large sensitivity of the global economy to the recent supply chain shocks suggests that
the international trade reconfiguration implied by localisation policies could also have sizable
impacts on key macroeconomic variables such as output, employment and inflation.
Thus, localisation focuses on the
goods in our model most closely related to global supply chains.
Retaliation also attenuates any positive effects from
reshoring on output and implies a reduction in the volume of overall international trade.
This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
most susceptible to supply chain disruptions.
Either that, or the economic costs are considered a worthwhile trade-off for an increase
in security of supply, for example.
While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
Recent supply chain shocks have had large effects, with disruptions in 2021 estimated
to have reduced euro area GDP by around two percent and doubled the rate of manufacturing producer inflation (Celasun et al., 2022).
To analyse this issue, we simulate a (partial) reshoring of production back to Europe in
a global dynamic general equilibrium framework.
Thus,
localisation focuses on the goods in our model most closely related to global supply chains.3 We
model reshoring through a direct change to the export goods? production-function parameters.
Since reshoring
effectively shortens the supply chain, the sum of markups along the chain falls.
This means that imports that are at the end of the supply chain (i.e.
In particular, our work relates to papers examining the potential for countries to reduce
their exposure to global supply chains.
(2021) demonstrate that reduced reliance on foreign inputs does not mitigate pandemicinduced contractions in labour supply.
(2021) find no evidence of a relationship
between global value chain integration and macroeconomic volatility.
This dynamic, along with factors such as natural disasters, climate-change
induced volatility and terrorism mean that supply chain disruptions could be a new normal
(Grossman et al., 2021).
Our work contributes to the literature providing dynamic general equilibrium analyses of
protectionist policies, in particular those using global macroeconomic models to quantify trade
policy changes.
(2008) analyse the effect of a rise in protectionism in response
to rising global trade imbalances.
Linde? and Pescatori (2019) find that although the macroeconomic costs of a
trade war are substantial, a fully symmetric retaliation is the best response.
(2020) consider a rich input-output structure and demonstrate that closer integration amplifies
the adverse effects of protectionist trade policies.
Several recent studies have also examined the economic effects of a global trade fragmentation.
First, we modify a dynamic general
equilibrium model of the global economy in order to analyse the transmission of localisation
policies.
This allows for a comprehensive treatment of cross-border macroeconomic interdependences and spillovers between the different regions.
4
There is, however, substantial cross-country heterogeneity in terms of impact, with small open economies
(SOEs) reliant on global supply chains more affected.
ECB Working Paper Series No 2903
7

Second, we are able to assess both long-run effects and the transition dynamics of localisation
policies.
Our model contains a detailed monetary block and captures inflation dynamics, which is a key
concern for supply chain reorientation.
Overall, our paper contains a careful analysis of the key aspects of the localisation debate,
including effects of localisation on domestic competition and efficiency.
Section 2 provides a brief overview of the model, the modifications to examine
global supply chain reorientation, some key details on the calibration and a brief discussion of
the nature of our exercise.
(2020) for discussions of the relative strengths and weaknesses of
trade and macroeconomic models in assessing large economic shocks.
2.1
Supply chain reorientation

Our analysis focuses on imported inputs used to produce goods for export, as the introduction
of localisation policies is in response to recent disruptions to global supply chains.
Since reshoring
effectively shortens the supply chain, the sum of markups along the chain falls.
Further to
these effects, engagement with global firms provides an opportunity for knowledge spillovers to
local firms (Criscuolo et al., 2017).
This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
most susceptible to supply chain disruptions.
(B12)
Adjusting the share of local inputs in export goods, of course, affects prices and quantities all
along the supply chain.

Applied Systems Launches Latest Commercial Lines Quoting Application

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星期二, 五月 16, 2023

Insurance, Small business, System, Professional, CSIO, API, International Institute for Applied Systems Analysis, National Institute of Statistics and Applied Economics, Traveler, Element, Commercial, Policy, Financial adviser, Economic system

Toronto, ON, May 16, 2023 (GLOBE NEWSWIRE) -- Applied Systems today announced the launch of their new commercial lines quoting solution for Canadian brokers.

Key Points:

Toronto, ON, May 16, 2023 (GLOBE NEWSWIRE) -- Applied Systems today announced the launch of their new commercial lines quoting solution for Canadian brokers.
As part of Applied Policy Works, the small commercial quoting application will automate the commercial quoting experience and provide a consistent quoting experience for more than 200 business categories across Canada’s top Commercial insurers.
Brokers can make multiple market submissions digitally, or by email for markets and insurers not yet offering real-time digital quoting.
“Applied has standardized personal lines quoting for years and has taken this expertise to innovate using industry data standards to create our next generation commercial solution.

Definity Becomes the First Canadian P&C Insurer to Transition Core Insurance Platform to Guidewire Cloud

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星期三, 九月 7, 2022

At Definity, we are focused on being Canadas leading digital insurer poised for sustainable growth and profitability, said Tatjana Lalkovic, SVP and CIO, Definity.

Key Points:

At Definity, we are focused on being Canadas leading digital insurer poised for sustainable growth and profitability, said Tatjana Lalkovic, SVP and CIO, Definity.
This is a milestone in the collaboration between Definity, Guidewire, and Deloitte in the Definity cloud transformation journey.
Definity Financial Corporation is incorporated under the Insurance Companies Act (Canada), and is the parent company of Definity Insurance Company, Family Insurance Solutions Inc., Petline Insurance Company, and Sonnet Insurance Company.
Definity Financial Corporation, through Definity Insurance and Family Insurance Solutions, distributes property and casualty insurance through a wide network of broker partners, and directly to consumers through Sonnet Insurance and Petline Insurance.

Butterfly Network Reports First Quarter 2022 Financial Results

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星期四, 五月 5, 2022

Butterfly Network, Inc. (NYSE: BFLY) (Butterfly), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended March 31, 2022, and provided a business update.

Key Points:

Butterfly Network, Inc. (NYSE: BFLY) (Butterfly), a digital health company transforming care with handheld, whole-body ultrasound, today announced financial results for the quarter ended March 31, 2022, and provided a business update.
Butterfly Network received a $5 million grant from the Bill & Melinda Gates Foundation to improve maternal and fetal health in Sub-Saharan Africa with Butterfly iQ+.
Gross profit for the first quarter of 2022 was $8.3 million, compared to gross profit of $6.4 million in the first quarter of 2021.
A conference call to review the first quarter 2022 financial results and provide a business update is scheduled for May 5, 2022, at 8:30 am Eastern Time.

Economical Insurance Selects Solera to Simplify Claims Experience for Customers

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星期三, 三月 30, 2022

WESTLAKE, Texas and TORONTO, March 30, 2022 /PRNewswire/ -- Solera Holdings, Inc. ("Solera"), the global leader in vehicle lifecycle management, today announced the renewal of a multi-year agreement, where Economical Insurance ("Economical"), along with Sonnet Insurance and Family Insurance Solutions, will continue to adopt Solera's Visual Intelligence (VI) / Machine Learning (ML) platform for advanced AI-driven workflow management.

Key Points:

Solera announced the renewal of a multi-year agreement with Economical Insurance to adopt Solera's VI / ML platform.
Solera's data and technology have enabled us to deliver AI-powered solutions and make the vision of touchless claims an improved experience for policyholders.
Today's announcement marks the extension of a long-standing relationship between Economical and Solera.
Economical, an early adopter of the modern insurance claims workflow, was the first Canadian insurance company to introduce Image Capture through AudaTarget, Solera's AI-driven decision-support platform for improving repair-shop assignment optimization.

Custodial and Infection-Prevention Leader Servicon President and CEO Offers Women Effective Tips to Stay Healthy During American Heart Month

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星期一, 二月 28, 2022

February was American Heart Month, a time to pay special attention to understanding, preventing and treating heart disease the leading cause of death in the nation.

Key Points:

February was American Heart Month, a time to pay special attention to understanding, preventing and treating heart disease the leading cause of death in the nation.
The American Heart Association's signature women's initiative, Go Red for Women, is a comprehensive platform designed to increase women's heart health awareness and serve as a catalyst for change to improve the lives of women globally.
The AHA suggests that to stay healthy, people should know and take the symptoms of a heart attack seriously, understanding they are not the same for women as for men.
Sewell herself, had a heart ablation a few years ago to prevent the premature ventricular contractions (PVC) that were interrupting her regular heart rhythm.

AM Best Assigns Issuer Credit Rating to Definity Financial Corporation

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星期五, 二月 11, 2022

Finance, Consulting, Banking, Professional Services, Insurance, Credit, Good, ALL, AM Best, Economic system, Ownership, Intention, Definity, DIC, Insurance, AM, Industry, News, Credit rating

AM Best has assigned a Long-Term Issuer Credit Rating of bbb- (Good) to Definity Financial Corporation (Definity Financial) (Ontario, Canada).

Key Points:

AM Best has assigned a Long-Term Issuer Credit Rating of bbb- (Good) to Definity Financial Corporation (Definity Financial) (Ontario, Canada).
The outlook assigned to this Credit Rating (rating) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Webtel.mobi’s System and TUV Digital Currency – 21st Century Versions of Keynes’s International Clearing Union and Bancor

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星期四, 十月 7, 2021

On completion, Platform 1 already had within it all of the components and processes of Keyness proposed International Clearing Union and Bancor the proposed pillars of a post-WW2 new and stable Global Financial System.

Key Points:

On completion, Platform 1 already had within it all of the components and processes of Keyness proposed International Clearing Union and Bancor the proposed pillars of a post-WW2 new and stable Global Financial System.
The top-level characteristics of the WM System include the following:
It is a fully 21st Century version of Keyness proposed International Clearing Union powered by an Artificial Intelligence Complex Adaptive System.
It has within it all components of a fully functional Global Financial System with over 40 Primary Facilities of which its TUV Digital Currency is only one.
Rather, the System and its Facilities and all their attributes are tested, proven, due diligence, completed and fully operational fact and reality worldwide.

AM Best Comments on Credit Ratings of Economical Mutual Insurance Company Following Public Filing of Preliminary Prospectus

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星期四, 九月 2, 2021

Insurance, Professional Services, Data, Insurance, Health care, AM, Credit, News, ALL, AM Best, Economical Insurance, Economic system, Industry, IPO, Security (finance)

It will be the parent company of Economical Insurance and its subsidiaries, directly owning all the outstanding shares of Economical Insurance, following the completion of the demutualization.

Key Points:

It will be the parent company of Economical Insurance and its subsidiaries, directly owning all the outstanding shares of Economical Insurance, following the completion of the demutualization.
The offering of common shares of Definity is being made to advance Economical Insurances well-established strategic plan to convert from a mutual insurance company to a publicly traded share company.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .