updated - December 11, 2019 Wednesday EST
Jim Yong Kim, the president of the World Bank, is calling for global leaders to increase the institution’s capital base, according to a report from the Financial Times. Kim argues that the slowdown in emerging markets and the agreed upon developmental goals of the UN are reasons for the bank to need greater resources.
Several Swedish companies are veering away from the 8-hour workday and are shifting into 6-hour workday or a 30-hour workweek, according to a report from Fast Company. The 6-hour workday provides the company’s employees more productivity, more focus and a better morale.
The Primary Mortgage Market Survey of Freddie Mac has shown that the average fixed mortgage rates have declined following the decision of the U.S. Federal Reserve to keep, according to the press release issued by Freddie Mac.
The Bureau of Economic Analysis announced in a press release that the U.S.’s real domestic gross product (GDP), the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes, have increased by 3.9 percent in the second quarter.
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