Sentences with phrase «own shadow economy»

A new study, backed by Facebook, wants to go beyond measuring the impact of internet shutdowns on the formal economy and measure the impact of internet cut - offs on «shadow economies,» namely economic activities that circumvent government regulation, oversight, and taxation.

The size of India's own shadow economy — which includes black market transactions and undeclared work — is roughly a quarter the size of gross domestic product (GDP).

In 2013, research firm McKinsey found a strong correlation between high cash usage and the size of a country's shadow economy.

Some programmers have started to accept payment in Bitcoins, but that's not really a great indicator of a robust monetary platform — in a sense, it's just like people exchanging goods or services in a barter system, something that is a big part of what economists call the «underground» or shadow economy.

In «Secrecy World,» Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca — a trove now known as the Panama Papers — as well as other journalistic and government investigations.

The panel also looks at whether the existence of a «shadow economy» hurts the base player experience, and how the developers can possibly work through these problems.

«See Naples and Die» In the new Italian film Gomorrah — an arresting, documentary - like portrait of Italy's most powerful mafia element, the Camorra — mobsters wreak havoc on Naples, leaving behind a trail of bodies in their quest to protect a 15 billion Euro shadow economy built on drugs, sweatshop - made designer clothes and garbage.

Studying Backpage also revealed a shadow economy of electronic trading and gift cards with which would be unfamiliar with.

We can see this in the real world everywhere; people in France and Spain laying down an array of sunglasses on a towel and selling them for a few dollars each every day, vendors selling food on the street, and much of the informal person - to - person trade that happens over the internet.Much of this trade is never registered in censuses or tax forms, and operating costs and revenues are very low, and yet the value generated by this so - called «shadow economy» for its participants is all too real.

Mugayar also says how it is possible to implement blockchain in financial institutions and state that crypto currency is no more the attribute of the shadow economy.

The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin - related websites because the cryptocurrency «contributes to the growth of the shadow economy.»

At the conference, when asked how he sees the «shadow economy» of decentralized cryptocurrency playing out long term, Dimon pessimistically stated:

Not exact matches

Such an outcome could prove to be a classic unintended consequence: Morneau's reforms — meant to reduce or contain the accumulated risk created by precipitously over-leveraged homebuyers — may unwittingly increase the overall systemic risk in the economy by driving red - lined borrowers to the sort of uninsured subprime mortgages that have proliferated in the shadow banking sector.

But the rise of the Central State beholden to its fiefdoms (public unions, shadow Security State, military industrial complex, the sickcare cartels, etc.) has enabled the wholesale distortion not just of domestic markets but of the entire global economy.

Those debt concerns have led some to claim that shadow banking in the Chinese economy could eventually lead to a financial crisis if the bubble pops.

Now the third largest economy in the euro zone and the second-most indebted nation after Greece, the days of Roman rule are consigned to the history books and Italy is a shadow of its former self and — rather like Europe — lost its swagger.

The prospect of the first major default connected with the Chinese shadow banking system sent shock waves through the financial markets of emerging economies.

To the contrary, the Lehman Brothers bankruptcy and the collapse of the shadow banking system exposed the economy to a severe credit shock.

Chapter 1 finds that these risks have also been pivoting away from banks to shadow banks, from solvency to market liquidity risks, and from advanced economies to emerging markets.

China has been trying to get its unruly financial sector under control, worried that asset bubbles and its enormous unofficial — or «shadow» — banking system could threaten its economy, the world's second largest after the United States».

There is also a view that the exchange rate arrangements that exist in the present context — the substantial share of the world economy that shadows the dollar — should increase our confidence that this pattern of imbalances could be financed without stress for some time.

Of the other MINTs: Indonesia is in a stable recovery, but the importance of commodities like coal and palm oil means it will not return to previous growth levels soon; Nigeria's economy remains overdependent on oil, though Phylaktis sees its «fast - growing population and labor force feeding faster economic growth over the medium term»; and while «Turkey has a lot of potential,» Lau says, «its political and economic management is questionable and casts a shadow over the economy.»

But they still have to convince the rest of the world that reforms at home are real, not ephemeral, and that structural problems, such as China's shadow banking, will not reach proportions critical enough to impact other sectors of the economy.

This was the year that Beijing was expected to step up its controls on unfettered lending, particularly in the so - called shadow banking area, as it seeks to contain a dangerous build up in debt across much of the economy.

Sept. 11, 2001, had only a modest effect on the economy, but the shadows cast over the minds of investors still haven't lifted.

Policy tightening has mainly targeted the «shadow» financial sector, smaller banks and non-bank lenders, which hold debt more than twice the economy's size.

Today's report is one of the first to shed light on the machinations taking place in the shadows: a sketchy digital economy where fake accounts known as bots, some modeled on real users, are bought and sold — the lifeblood of a booming trade in influence and deception.

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His comments to a university conference reinforce shadow chancellor Ed Balls» claim that rapid spending cuts risk harming the economy recovery.

Since the former shadow chancellor smashed it on Strictly Come Dancing, transforming his public persona from bad guy who broke the economy to the fun guy who nearly broke his dancing partner by dropping her on her face, politicians are looking for ways to be normal.

«If the government was serious about tackling tax avoidance, they'd rethink their plan to cut a further 10,000 HMRC staff, which risk being a false economy,» shadow Treasury minister Catherine McKinnell said.

The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.

Welfare, Europe, immigration, the economy: these are just some of the areas where the Labour leadership, shadow cabinet, PLP, activists and unions are increasingly at odds.

Chuka Umunna Labour's shadow business secretary responds to Vince Cable's admissions that the economy is performing poorly:

The problem is, these markets operated in the shadows of our economy, invisible to regulators and to the public.

The modernisation of the economy is a «national mission» that demands co-operation between business and government, the shadow business secretary will say today.

Lord Mandelson added: «To cut public spending now as the shadow chancellor proposes could easily plunge the economy back into recession.»

Commenting on the findings, shadow work and pensions secretary Liam Byrne criticised the government's handling of the economy.

And these revised figures also show that since George Osborne's spending review our economy has flatlined and not grown at all,» shadow chancellor Ed Balls said.

When he became shadow chancellor in early 2011, he set a benchmark for success as getting ahead of the Tories on the economy.

Responding to today's disappointing economic figures, the shadow Chancellor Ed Balls said that the Conservatives «have not fixed the economy for working families».

«Our forests are a much loved part of our national natural heritage, and will play a pivotal role in the green economy and our low carbon future,» shadow environment secretary Mary Creagh said.

This edition of Fabian Review focuses on how Labour needs to reshape the economy, with Michael Jacobs, Chi Onwurah MP, Caroline Flint MP, Andrew Cumbers and David Walker, plus Kate Murray interviews shadow equalities minister Dawn Butler MP.

On the 11 March 2004, the MP for Lewes and shadow environment secretary told the House of Commons that «Biofuels are good for the environment, and diversifying into them would help protect rural industries and the rural economy.

«By cutting funding for regional growth by two thirds the Tory - led government is choking off the funding needed for regions to grow and create the jobs our economy needs,» shadow business secretary John Denham commented.

Various members of the shadow Cabinet, including Mr Osborne and foreign secretary William Hague will gather on the main stage on Sunday afternoon to discuss how the current economic climate is affecting homeowners and businesses and reveal the party's plan for a strong economy.

Over recent days we've also heard my shadow cabinet colleagues, Emma Reynolds and Tristram Hunt, talk about how a Labour government will ensure we get the house building we need to strengthen our economy and improve people's quality of life, and about how we raise standards in our schools to ensure our children are equipped to succeed.

Thirty - six per cent trust Mr Brown and Alistair Darling, chancellor, with the economy while only 30 per cent trust David Cameron and George Osborne, the shadow chancellor.

On whether he would join Corbyn's shadow cabinet, Leslie said: «My worry is, if I was to serve in the shadow cabinet there would come a moment where something would come up which I would disagree with, and these are my principles, whether it is to do with security or the running of the economy.

Claims that Britain's economy is now powering ahead are «cloud cuckoo land» according to shadow chancellor Ed Balls.