US Economy: The Super Bowl, one of America’s greatest pop-culture sports phenomena - by Michelle Flor Cruz

Stadium beer: $9. Last-minute ticket to the game: $3,000. Super Bowl XLVIII T-shirt: $25. The Super Bowl experience in New York/New Jersey: $600 million?

There’s no doubt the public will be paying inflated prices if you have any plans of attending the Super Bowl this year, but do the numbers really add up to as much as the NFL claims?

The Super Bowl, one of America’s greatest pop-culturesport phenomena, has transformed from just a football game into a major economic event. This year’s Super Bowl XLVII -- to be held this evening February 2 at the MetLife Stadium in East Rutherford, N.J., will be no different, drawing attention and dollars from all corners of the country. 

Read more: Show Me The Money: What Super Bowl Economics Means From Coast To Coast By International Business Times

International Labour Organization: GLOBAL EMPLOYMENT TRENDS 2014 - by Raymond Torres

South Asia  farrner plowing rice field

Global unemployment increased by 5 million people in 2013

The global labour market situation remains uneven and fragile. True, there are encouraging signs of economic recovery in those advanced economies most affected by the global financial crisis which erupted in 2008.

Also, a number of emerging and developing countries − including: in the Sub-Saharan Africa − are enjoying relatively robust economic growth. The world economy may thus be growing somewhat faster than over the past three years.

However, the report finds that those economic improvements will not be sufficient to absorb the major labour market imbalances that built up in recent years. First, over the fore seeable future, the world economy will probably grow less than was the case before the global crisis. This complicates the task of generating the over 42 million jobs that are needed every year in order to meet the growing number of new entrants in the labour market.

Second, and more fundamentally, the root causes of the global crisis have not been prop erly tackled. The financial system remains the Achilles heel of the world economy.

The state of many banks is such that many sustainable enterprises, notably small ones, have limited access to credit, thereby affecting productive investment and job creation. Significant financial bubbles have re-appeared in a number of advanced and emerging economies, adding new uncertainties and affecting hiring decisions.

Also, global labour incomes continue to increase at a slower pace than justified by observed productivity gains, thus affecting aggregate demand.

Third; and this is an important new finding in view of the post-2015 development debate  −  little progress is being made in reducing working poverty and vulnerable forms of employment such as informal jobs and undeclared work. If confirmed, this trend would unambiguously delay the achievement of development goals.

To ensure lasting job recovery, the report highlights the role of a strategy that combines short-term measures (job-friendly macroeconomic and labour market policies) with further action to tackle long-standing imbalances.

Such a strategy would strengthen the economic recovery and pave the way for more and better jobs.

Read more wcms_233953.pdf

Apps Privacy Risks - 92% of Top 500 Android Apps Carry Security or Privacy Risk

About 460 of the top 500 Android applications create a security or privacy risk when downloaded to Android devices, according to new research. And that’s largely because of a lack of user education, and the fact that mobile users don’t mind sharing personal information for free apps in return.

Read more:  Infosecurity - 92% of Top 500 Android Apps Carry Security or Privacy Risk

"Dutch economy is poised to improve" - says Dutch Central Bank President Klaas Knot in Davos

The Netherlands recently kept its triple-A credit rating from Fitch, which said that the decision reflected the country’s strong underlying economic, institutional and credit fundamentals.

The rating agency kept the outlook at negative, however, because of the Netherlands’ weak economic growth prospects.

Another rating agency, Standard & Poor’s, stripped the Netherlands of its top-grade AAA rating in late November, also citing its low growth prospects.

So far that has left Germany, Luxembourg and Finland as the only members of the 17-nation euro zone with the coveted top rating from all three leading credit agencies.

Moody’s, which still rates the Netherlands triple-A with a negative outlook, will publish its next update on March 7th.

Note EU-Digest:  The Dutch economy is poised to improve after house prices stopped declining and consumer confidence rose, Dutch Central Bank President Klaas Knot said. 

“There is no need to think that the Dutch economy will structurally lag the euro zone any longer,” Knot, 46, who is also a member of the European Central Bank’s Governing Council, said in an interview at the World Economic Forum in Davos, Switzerland. “We will have to wait for mid-February to see whether the fourth-quarter gross domestic product numbers confirm the gradual recovery.” .

The Dutch economy, the fifth-largest in the euro area, emerged from a year of recession in the third quarter as exports benefited from a nascent recovery in the currency region. The country has gone through three recessions since the origins of the global financial crisis in 2007.

Read more: Fitch affirms Netherlands credit rating - Economic News | Ireland & World Economy Headlines |The Irish Times - Fri, Jan 17, 2014

and at: The Dutch economy is poised toimprove - Bloomberg

Data Privacy: EU justice chief accuses bloc of hypocrisy in data privacy debates

The EU needs to start protecting its own citizens from the American global spying initiatives and quit being “hypocritical” when it comes to reforming its own data protection system, said the EU’s Justice Commissioner.

Viviane Reding, a vocal critic of American cyber surveillance, lashed out against EU member states’ reaction in wake of Edward Snowden revelations, urging the bloc to protect citizens’ private information and seek more legal assurances from Washington.

“There's been a lot of hypocrisy in the debate,” Reding said at the Centre for European Policy Studies in Brussels on Tuesday. “If the EU wants to be credible in its efforts to rebuild trust, if it wants to act as an example for other continents, it also has to get its own house in order.”

“The EU itself should also look carefully at some of its [data protection] laws. Neither the Commission, the Council, nor the European Parliament can be proud of the Data Retention Directive.”

The Directive requires telecom companies to store all telephony metadata, including geo-location data. Criticizing some aspects of the Directive, Reding said that the data “is kept for too long, it is too easily accessed and the risk of abuse is too great.”

Almere Digest   

EU Immigration Policies: Immigrants Benefit Host Nations' Economies, so Why Is Public Perception Negative? - by Anna Leijonhufvud

Immigrants seeking democracy and better life benefit economy

Almira is one of many millions of immigrants who every year cross borders in search of a better life. A year ago, she left her home village in Croatia to find work in Helsingborg, Sweden, and today she's gone to Arbetsförmedlingen, a Swedish public employment agency, to find a job. "I worked as a cleaner for a hotel, but the work is tiresome," she said. "I would want to work as a receptionist, but I don't think my Swedish is good enough yet."

Immigrants like Almira are often seen as having a negative impact on the host country, such as when they allegedly take jobs from the native-born. But as anti-immigration views have gained traction--even in government  policy in some cases, as in the U.K.--an increasingly large body of work suggests that assumptions that immigrants are harmful to a country's economy are unfounded.

"There is overwhelming evidence that migrants have a positive impact on the economy," said Peter Sutherland, the U.N. secretary-general's special representative for migration and development. Sutherland was on the panel for the World Economic Forum's Open Forum session titled "Immigration: Welcome or Not?"

Also on the panel was former U.N. Secretary-General Kofi Annan, who agreed with Sutherland that immigrants often bring lots of advantages with them. To make his point, Annan referred to a poster showing Albert Einstein trying to cross the border into a country with a sack of clothes on his back. The caption read: "The sack of clothes is not the only thing that the immigrant brings."

While many of the leaders speaking at the WEF appear convinced, the evidence that immigrants have a positive effect on their host countries' economies has not yet had much impact on public perception.

Editors Note: The question is why European Governments are  not making sure they change this Public perception about the benefits of immigration ? Instead they are letting populist, nationalistic politicians like Geert Wilders in the Netherlands, Marie Le Pen in France and others in Europe control the debate.

EU-Digest

Netherlands - Banking Industry: Rabobank to Eliminate More Jobs in the Netherlands - by Martin van Tartwijk

Dutch lender Rabobank Group will eliminate more jobs in the Netherlands as it seeks to downsize its domestic operations and further reduce costs.

The bank said late Friday it will cut between 1,000 and 2,000 jobs in thenext several years, largely at its headquarters in Utrecht. The overhaul will also affect the Dutch activities of Rabobank's international arm, which will be integrated into the headquarters.

The move will help to reduce annual costs EUR220 million by 2016, the bank said. It follows a previously unveiled restructuring in the Netherlands that will result in 8,000 job losses and the closure of hundreds of branches.

The Dutch bank employs about 60,000 world-wide. Like other lenders, Rabobank is seeking to slash costs as it faces a stricter regulatory environment and as customers are increasingly shifting to online banking.

Read more: Rabobank to Eliminate More Jobs in the Netherlands - WSJ.com