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What "substantial improvement" means: Comments on Monetary Policy by Federal Reserve Governor Jeremy Stein
"Specifically, we continue to have a 6.5 percent unemployment threshold for beginning to consider a first increase in the federal funds rate. As we have emphasized, the threshold nature of this forward guidance embodies further flexibility to react to incoming data. If, for example, inflation readings continue to be on the soft side, we will have greater scope for keeping the funds rate at its effective lower bound even beyond the point when unemployment drops below 6.5percent." more »
"I dare say Mrs D. will be in Yellow": Reconstructing an Art Exhibit Attended by Novelist Jane Austen
"Even if Jane Austen had not attended this public exhibit, it would still be well worth reconstructing. ...The British Institution's show was a star-studded 'first' of great magnitude for the art community and a turning point in the history of modern exhibit practices." Among the canvases in the retrospective gallery, portraits of 18th-century politicians, actors, authors and aristocrats offer examples of just how someone such as Jane Austen, who did not personally circulate among the social elite, was nonetheless immersed in Georgian England’s vibrant culture. more »
ProPublica: A Buyer's Guide to Safer Communication
The good news is that as we understand more about how surveillance works, it helps the people who create and use secure tools to make better and more informed choices — even if that choice is simply not minding having their data collected. There are a lot of ways to talk to people securely on the internet, some are purpose-built to enhance your privacy and security. This is by no means an exhaustive list, but it’s a place to start. more »
Searching for a High: Can Google Predict the Stock Market?
The research supports the idea that drops in the financial market may be preceded by periods of investor concern. Investors may search for more information about the market before they are prepared to sell at lower prices. Conversely, the researchers found that drops in interest in financial topics could be used as a signal for subsequent stock market rises. more »