Blog
Back to the Future in Payments Technology
One of the things Back to the Future Part II almost got right about 2015 was how Biff paid for his cab ride—with a thumbprint. A lot…
Blog
Fed Reacts to Job Reports, Why Doesn’t Department of Labor?
We had another jobs report below expectations this morning, coupled with a rare revision downwards of last month’s jobs report. This ends a summer of jobs…
Blog
World Bank Increases Number of Poor
The World Bank is considering changing its definition of what constitutes extreme poverty, raising the level below which someone is treated as extremely poor from $1.25…
Blog
Transparency in Card Fees: Where Does the Argument Stop?
There are three ways banks that issue credit and debit cards can gain revenue from them: interest rates (in the case of credit cards) charged…
Blog
Australian Reserve Bank Gets the Economics Wrong on Interchange Fees
A new report commissioned by the International Alliance for Electronic Payments, of which CEI is a member, finds that the Reserve Bank of Australia…
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NLRB’s Joint-Employer Ruling: Payback for Unions at Workers’ and Business’ Expense
In a radical new ruling, the National Labor Relations Board (NLRB) late last week threw all American franchise and contract businesses into a state of…