(Bloomberg Markets) -- The coronavirus pandemic that shut down economies around the globe showed how crucial—and difficult—it is to get money swiftly to people who need it most in a crisis. Former central bank officials Simon Potter, who led the Federal Reserve Bank of New York’s markets group, and Julia Coronado, who spent eight years as an economist for the Fed’s Board of Governors, are among the innovators brainstorming solutions. They propose creating a monetary tool that they call recession insurance bonds, which draw on some of the advances in digital payments. Coronado, president and founder of MacroPolicy Perspectives LLC, and Potter, nonresident senior fellow at the Peterson Institute for International Economics, spoke with Bloomberg Markets to explain their idea.BLOOMBERG MARKETS: How would recession insurance bonds work?JULIA CORONADO: Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be...
With the rapid adoption of AET across the country and the associated benefit in transponder deployment for operations and the company’s bottom line, it is now more important than ever for fleets to develop an informed toll management strategy. Is your fleet ready for cashless tolling across the country, and beyond? ...
To keep your business moving forward, you need to be able to service or rebuild commercial vehicle drivelines as efficiently as possible. Choose a preassembled kit for your next rebuild, and stop wasting time and money ordering and stocking individual parts. ...
Your vehicles and drivers are major players in driving revenue and expenses. Promoting improved driver behavior, increasing efficiencies and streamlining routing and dispatching are ways you can improve your fleet operations. Find out how GPS Tracking can help by downloading our eBook. ...
By now you should know that an in-cab video or dashcam solution is a must-have for any type of fleet. But, did you know that you can elevate your fleet operating game even more by implementing a live streaming feature? ...
Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff. The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018, the Hong Kong newspaper said....