By Brian Nichols, Baker Tilly Evolution of cybersecurity Investments in cybersecurity have increased rapidly over the last ten years. Originally, cybersecurity was viewed as a technology issue, and investments were made into building technology solutions for cybersecurity concerns. The solutions range from basic anti-virus protection to sophisticated malware detonation technologies. However, one thing has remained…

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By Diane Swonk, chief economist, Grant Thornton We are still down 9.8 million jobs since the peak in February, one million more jobs than we lost during the 2008-09 recession. Employment added only 245,000 jobs in November, less than half the pace of October and the weakest pace since April. Public health conditions will no…

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By Diane Swonk, chief economist, Grant Thornton COVID does not care who won the election or who will control the Senate, but it will be the single largest determinant of where the economy goes next. COVID cases, positivity rates and hospitalizations are all surging again, a fact lost in the turmoil surrounding the election. The…

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By Rick Roche, CAIA, Little Harbor Advisors, LLC Part 2 of a two-part series on The Alternative Imperative in the COVID Era. In Part 2, the author tackles notorious technology laggards. This piece transitions to alternative data pioneers (Alt-Venturers) and the 4-1-1 on Alt-Data: Hype or Hope? The author dispels the false dichotomy of the “Unattainable Triangle” for…

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By Rick Roche, CAIA, Managing Director of Little Harbor Advisors, LLC Part 1 of a two-part series on Alternative Investment Data (Alt-Data) in the COVID Era. In Part 1, the author makes the case for high-frequency, short-interval Alt-Data while discussing three primary drawbacks of interpreting official economic statistics amid a global pandemic. The profound toll…

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By Diane Swonk, chief economist, Grant Thornton Payroll employment rose by 661,000 jobs in September, less than half the 1.5 million pace we saw in August. Government employment fell by 216,000 with 34,000 of those losses due to a reduction in the ranks of temporary Census workers; the remainder was due to a drop in…

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By Yelena Maleyev, economist, Grant Thornton Housing starts, known as new home construction, came in at a seasonally adjusted annual rate of 1.42 million in September, a 1.9% increase from last month’s revised numbers. Single-family starts drove the gains that hit over one million units for the second month in a row; multifamily starts fell…

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A 90 minute symposium on how families cohere after the loss of a child. The Larry Kraus Tax Institute for Family Offices’ annual philanthropic program, “Sustaining Families through a Personal Crisis.” The virtual panel discussion focuses on how family members can support each other through a crisis and build resilience in themselves and the young…

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By Diane Swonk, chief economist, Grant Thornton Durable goods orders rose 0.4% in August after rising nearly 12% in July due to a surge in defense orders; the July data were revised up. Orders excluding the volatile transportation component also increased 0.4%. Orders for aircraft and motors vehicles contracted over the month. Vehicle sales have…

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