Digital Payments in India

India welfare payments go digital with e-RUPI system
https://asia.nikkei.com/Economy/India-welfare-payments-go-digital-with-e-RUPI-system 

Is a Law Degree a Worthwhile Investment?

Law School Loses Luster as Debts Mount and Salaries Stagnate
https://www.wsj.com/articles/law-school-student-debt-low-salaries-university-miami-11627991855
With high-paying jobs out of reach for most, graduates of the University of Miami and other well-regarded programs routinely carry six-figure student loans for years
WSJ piece:
“A law professor at the university, Anthony Alfieri, said law schools “foster this kind of cruel optimism” in students, letting them think six-figure salaries are attainable, when in reality, those high-paying jobs are largely reserved for students at only the top-ranked law schools”.

Robots are coming for the lawyers – which may be bad for tomorrow’s attorneys but great for anyone in need of cheap legal assistance
https://theconversation.com/robots-are-coming-for-the-lawyers-which-may-be-bad-for-tomorrows-attorneys-but-great-for-anyone-in-need-of-cheap-legal-assistance-157574 

GDP Growth Under Trump

GDP Growth Under Trump Was the Worst Since Hoover
https://www.bloomberg.com/opinion/articles/2021-08-02/trump-s-gdp-growth-was-the-worst-since-the-great-depression 

Related:

Roubini on Biden’s Economic Policies
https://www.theguardian.com/business/2021/aug/03/biden-economics-trunp-us-obama 

Taper Tantrum is Unlikely

Reduction in Fed’s Asset Purchases Might Not Spark ‘Taper Tantrum’
https://www.wsj.com/articles/reduction-in-feds-asset-purchases-might-not-spark-taper-tantrum-11627826400 

Exodus from Hong Kong

Book Recommendations - Finance and Financial Economics

Financial Theories and Quant Finance:

• In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest
• Adaptive Markets: Financial Evolution at the Speed of Thought
• An Engine, Not a Camera: How Financial Models Shape Markets
• Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets
• The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

 
Classics:

• Against the Gods: The Remarkable Story of Risk
• Capital Ideas: The Improbable Origins of Modern Wall Street
• Devil Take the Hindmost: A History of Financial Speculation

Xander Schauffele - A Global Citizen

Xander Schauffele, citizen of Earth, wins Olympic golf gold
https://www.washingtonpost.com/sports/olympics/2021/08/01/xander-schauffele-olympic-golf-gold/
“The meaning of this turn of Olympic golf ended up being that the gold medal went to that man for all nations, the polyglot delight from San Diego who stood for one national anthem, “The Star-Spangled Banner,” but could have stood for several. This 27-year-old with the Californian ease and the Taiwanese mother raised in Japan and the French-German father finally won a big-deal tournament after inveterate contention in golf majors, whereupon he gave an Olympian answer to an Olympian question about the values of multi-nationalism and travel upon this planet”.