Financial

Adjusted deflators reveal hidden gains in US manufacturing productivity The bottleneck is skills, not machines Scale capital-intensive training, stackable credentials, and adult apprenticeships The standard view sugges

Services trade is increasingly borderless and digital Tariffs miss; data rules, licensing, and standards decide access Train for exportable skills and build trust-based regimes to unlock growth In 2024, the world exporte

Firms under competition cut jobs, switch lines, or move tasks offshore Schools need a skills policy for competition: fast, stackable, portable training Fund future-shaping sectors and track outcomes so workers can switch quickly <

PayPay and Binance Japan Partner Amid Stablecoin Boom PayPay Eyes Expansion Ahead of IPO Japan Moves Beyond Cash Toward a Cashless Society Photo = PayPay Offcial Website Japan’s cashless payment

“Balanced budget” principle effectively abandonedSurging bond issuance raises sovereign-debt risks

Trump’s tariff threat sparks crypto crash “COVID-scale bombshell” — XRP halves in 30 minutes Bitcoin plunges over 8% in two days The crypto market’s fragile leverage structure has once again hit its limit.

Extra information helps only when it adds new, orthogonal signal and is easy to process Central banks and schools should use plain anchors and concrete rules to trigger a Bayesian information update Measure belief shifts, not word counts, and iterate when messages fail to move the posterior

Domestic transfers are instant; cross-border isn’t Linking FPS enables instant cross-border payments Stablecoins’ edge narrows; universities integrate Over seventy countries already transfer money domestically in sec

Diverse central bank messages help schools manage borrowing and risk Single-voice guidance can harm welfare via the Hirshleifer effect Adopt disciplined plurality: fixed venues, ranges, and scenario-based planning When

Wage volatility is widespread, especially in low-income, hourly education jobs Fixed-wage mandates shift risk to hours and jobs, not remove it Schools should share risk with guaranteed hours, predictability pay, lawful overtime, and work-sharing

Use of Proceeds UndisclosedIPO Delayed Amid Market Uncertainty

Retail investing is up; teach people to earn the market, not chase alpha. Use low fees, diversification, and cool-off safeguards to curb herding and fraud—especially for seniors Tie curricula to app defaults so good habits are automatic and long-term wealth compounds

U.S.

Miran’s Claim of Lower Neutral Rate JPMorgan: “Insufficient Case for Large Cuts” Economic Indicators Provide No Support Stephen Miran, Federal Reserve Governor/Photo=Getty Images Stephe

Europe isn’t short on capital or degrees; it’s short on TFP The fix is leadership that scales tech, intangibles, and management practice Educators, policymakers, and CEOs should fund intangibles and integrate AI in SME training

U.S. Q2 GDP growth finalized at 3.8% Sharp drop in imports drives stronger growth compared to Q1 Solid growth paired with inflation concerns may slow Fed rate cuts The finalized U.S.

Foreign investors to trade bonds and equities freely Comprehensive roadmap to be unveiled within the year Liquidity shortage in overnight trading remains a hurdle Lee Jae-myung, President of South Korea, delivers a keynote

Communism did not reduce inequality more than other regimes and lowered overall welfare Europe’s welfare capitalism cuts disposable-income gaps through taxes, transfers, and strong delivery systems Tie school funding, time, and data to disadvantage to shrink learning gaps fast

Credible budgets cut inflation Rising defense and debt threaten school funding Multi-year fiscal plans can protect education In May 2010, Greece initiated a significant one-year budget cut in the euro area, reducing i