Invested spends a late-summer day in East Canaan, CT, talking with a dairy farm owner, his manager-daughter, and two farm employees about the impacts of AI augmentation on their business, the work, the cows, and their lives in general.

Early child care plays a critical role for parental employment. Yet formal care is largely unaffordable and inflexible to parents’ needs, with variable—and at times concerning— quality. In a mostly private market, it is extremely difficult for providers of early child care to offer care that is at the same time affordable, high quality, and available for parents’ diverse needs. As a result, parents may struggle just to access care that they need to work, perhaps paying more than they can afford and/or not obtaining care that is of high quality; trade-offs like these may carry negative implications for their children, employment, and income.

To better understand whether and how the “need for change” is perceived among child care stakeholders in New England, the Federal Reserve Bank of Boston conducted an online exploratory survey between December 2018 and March 2019 with 664 individuals in New England, targeting those who identified as child care stakeholders:...

We connect with innovative and hardworking New Englanders to get a first-hand look at the power of worker voice in our region. Hear from those who are lifting up their voices to bolster high-quality careers; fuel competitive, employee-focused companies; and spark policy responses to make work more equitable, productive, and rewarding in New England.

We connect with innovative and hardworking New Englanders to get a first-hand look at the power of worker voice in our region. Hear from those who are lifting up their voices to bolster high-quality careers; fuel competitive, employee-focused companies; and spark policy responses to make work more equitable, productive, and rewarding in New England.

Current YLS results cover labor market activities from early April 2020 through the week of August 16-22. This period is one week longer than the period covered by the August BLS/Census Current Population Survey, which will include the CPS reference week of August 9-15 and be published on Friday, September 4. YLS data are not seasonally adjusted and refer to the population aged 20 and older. The survey’s key findings are as follows:

Join the Boston Fed’s New England Public Policy Center (NEPPC) and Connecticut Conference of Municipalities (CCM) at a virtual forum presenting new research that explores how much each Connecticut school district would need to spend to educate its students to meet a common student test performance target. It also looks at whether spending in each district is equitable and adequate relative to this predicted cost. Local stakeholders will discuss the Boston Fed’s research findings.

Despite multiple court cases and recent funding reform, there are still significant concerns about the equity and the adequacy in Connecticut’s public K–12 education funding. Connecticut districts with lower socioeconomic status, on average, have higher costs, lower cost-adjusted spending, and more severe spending inadequacy. While the state faces fiscal difficulties induced by the COVID-19 pandemic, it should remain committed to the investment in public education, which will affect...

August 10, 2020 HTML | PDF The third issue covers the topic of changes in retail banking, and includes articles on the implications of faster payments for cash-flow constrained consumers; and the emergence of online-only subsidiaries of traditional brick-and-mortar banks.

Cracking down on payments fraud is a priority for every organization in the payments industry, but two things are essential to doing so – having a holistic understanding of fraud and speaking the same language. That’s where the FraudClassifier model comes in.

This new model for classifying fraud involving payments was developed by a cross-industry group led by the Federal Reserve. It provides payments stakeholders with a simple approach to classify fraud in a similar manner.

Over decades of fighting fraud, different terms for the same things, or different meanings for the same terms, have cropped up among the country’s more than 10,000 U.S. banks and credit unions, as well as payment operators, survey organizations, and technology companies.

“It’s not surprising, considering their varying size and distinct commercial and geographic identities,” said Mike Timoney, vice president for secure payments at the Federal Reserve Bank...

Current YLS results cover labor market activities from early April 2020 through the week of August 9-15. This is also the time period covered by the August BLS/Census Current Population Survey, which will be published in early September. Data are not seasonally adjusted and refer to the population aged 20 and older. The survey’s key findings are as follows:

Cracking down on payments fraud is a priority for every organization in the payments industry, but two things are essential to doing so – having a holistic understanding of fraud and speaking the same language. That’s where the FraudClassifier model comes in.

This new model for classifying fraud involving payments was developed by a cross-industry group led by the Federal Reserve. It provides payments stakeholders with a simple approach to classify fraud in a similar manner.

Over decades of fighting fraud, different terms for the same things, or different meanings for the same terms, have cropped up among the country’s more than 10,000 U.S. banks and credit unions, as well as payment operators, survey organizations, and technology companies.

“It’s not surprising, considering their varying size and distinct commercial and geographic identities,” said Mike Timoney, vice president for secure payments at the Federal Reserve Bank...