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The economic and social impact of climate change has become increasingly evident in the past few years. According to the World Economic Forum, the four biggest risks facing the world are failing to adapt to climate change, human-made environmental damage, biodiversity and ecosystem loss, and natural disasters—all related to and caused by climate change. Continue Reading

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FICO Score 10 Suite has just been announced, so what does that mean for you? With average credit scores at an all time high but ever increasing total household debt in the US, the new FICO scoring model is intended to improve consumer behavior predictions and may cause a change in your credit score. Will these changes be advantageous or disadvantageous to you?Continue Reading

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Why International Banks Struggle to Innovate in a Strict Ratings Market. The last time credit ratings probably played a major role in your life—if in fact they ever did—was during the 2008 Financial Crisis. As the canonical story goes, crediting institutions packaged subprime loans, often at B or C level confidence, as reliable A level bonds so that banks could extend their lending power.
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Dark marketing has been a new concept for marketers until recently. Today, it has become an established marketing technique that is growing more popular among all types of companies, from startups to Fortune 500 enterprises.
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BRB Columnists were invited to a World Financial Group (WFG) branch where they learned about “paying it forward,” the Exchange Principle, company-wide trips to Vegas, and everything it takes to make it rich by selling life insurance—all while our recruiter tried to sell us an insurance policy, hundreds of dollars of license fees, and the opportunity of a lifetime. Continue Reading

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The inception and evolution of Hong Kong’s system of legal frameworks and institutions form the cornerstone of the city’s international and economic identity. Although they, along with the city’s economic system, have helped connect China economically to the rest of the world, the tensions and contradictions inherent in the post-handover system have been laid bare by recent socio-political turmoil and challenges to the rule of law. Hong Kong’s judiciary and legal sector are at a crucial crossroads – with not just the system itself, but with the semi-autonomous city’s economy, people, and future all at stake.Continue Reading

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“Freedom from poverty is not free. The poor are willing and capable to pay the cost,” concluded a 1999 Reserve Bank of India taskforce on finance reforms. While that analysis might seem more at home in a Gilded Age drawing room than a modern boardroom, it reflects the core theory behind international economic development’s golden child: microfinance.Continue Reading