Category Archives: Economy

IBM Transforms Mortgage Fulfillment Process and Improves Customer Experience

Armonk N.Y. – 05 Sep 2013: IBM today launched its comprehensive Digital Loan Processing platform which integrates the core lending business process with mobile applications and analytics, allowing lenders to transform the online experience for customers. Through this new solution, borrowers can now engage in real-time during every aspect of the loan application process:  applying online, uploading documents, acting on inquiries and monitoring loan approval status – all from their smartphone or tablet device. (more…)

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The Trappings of Trade: Osterley House reveals its gems from the East

Stunning Japanese-lacquered chests, Gujarati fabrics and fine Chinese porcelain are some of the distinctive objects displayed in a new exhibition co-curated by UCL researchers, National Trust staff and volunteers at Osterley Park and House in west London. (more…)

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Economists provide better measurement and assessment tools for study of inequality

One-day conference in Beijing kicks off summer training for graduate students studying socio-economic inequality

A team of scholars who are engaged in researching ways to improve human capital and economic opportunity convened the “Conference on the Study of Inequality” on Monday, June 17, at the University of Chicago Center in Beijing.

The conference, which was co-sponsored by the Human Capital and Economic Opportunity Global Working Group, the University of Chicago Center in Beijing and the China Center for Economic Research at Peking University, kicked off a week of events. (more…)

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Companies Look at Wrong Things When Using Facebook to Screen Job Applicants

Employers are increasingly using Facebook to screen job applicants and weed out candidates they think have undesirable traits. But a new study from North Carolina State University shows that those companies may have a fundamental misunderstanding of online behavior and, as a result, may be eliminating desirable job candidates.

Researchers tested 175 study participants to measure the personality traits that companies look for in job candidates, including conscientiousness, agreeableness and extraversion. The participants were then surveyed on their Facebook behavior, allowing researchers to see which Facebook behaviors were linked to specific personality traits. (more…)

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Over-Confident CEOs Can Put Companies at Risk, MU Study Finds

COLUMBIA, Mo. ­— CEOs need to demonstrate strong leadership and good decision-making skills, but CEOs with over-confidence can involve their companies in riskier ventures and put investors’ funds at risk, according to a new study from the University of Missouri, Georgia Tech University and the University of Texas-Arlington.

“Over-confident CEOs feel they have superior decision-making abilities and are more capable than their peers,” said Stephen Ferris, professor of finance in the MU Trulaske College of Business. “Unfortunately, they tend to make decisions about mergers or acquisitions that can be viewed as risky. For example, CEOs who are over-confident tend to target companies that do not focus on their core line of business. Generally speaking, mergers that diversify companies don’t work.” (more…)

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What is data warehousing and how can it benefit my business?

In business, information is going to be the key to improving your organization and heightening your levels of productivity. This is where data warehousing is incredibly useful. A lot of business leaders may not be entirely clear as to what data warehousing actually is. A data warehouse, often called an enterprise data warehouse, refers to a data storage center. The purpose of this center is to use data for reports and data analysis. “Warehouses” are going to store a range of different types of data. Both historical and current data is used in order to create reports of trends within the business. This could be to do with levels of productivity, sales and more. As a result, it is a good idea to look into data warehousing and see how it can end up affecting your business. You will be given more information on how your business runs and how you can end up improving it. (more…)

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