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Filings: Bengaluru-based fintech Cred, which offers rewards for paying credit card bills and more, raised ~$72M at a $3.5B valuation, down from $6.4B in 2022 (The Economic Times)
https://ec…

Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billion
The fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of primary capital, which means that existing investors have not sold any shares in this round. The drop in valuation was in line with the company's plans to list in India over the next two years, people in the know said.

Unraveling Human Capital Complexity: Economic Complexity Analysis of Occupations and Skills
Soohyoung Lee, Dawoon Jeong, Jeong-Dong Lee
https://arxiv.org/abs/2506.12960

Unraveling Human Capital Complexity: Economic Complexity Analysis of Occupations and Skills
This study investigates the structural embeddedness of skills in the division of labor. Drawing on O*NET data covering 120 skills across 872 U.S. occupations, we identify three skill communities: general, cognitive, and physical skills. Compressing the connectivity in the occupation-skill network through the Method of Reflection, we derive the Occupational Complexity Index (OCI) and the Skill Complexity Index (SCI). They unpack the structure of the occupation skill network that general skills a…

Read "What went wrong with capitalism" by Ruchir Sharma.
A mildly interesting description of the major events in world an US economics in the last 50 years. Might
be a fair summary for anyone who didn't live through it or has a poor memory.
In short he thinks what went wrong was government bailing out failure leading to massive debts and increa
sed inequality.
Governments took over all the things instead of letting capitalism sort them out, he reckons, and wheneve
r a big industry or company fails you just get socialism for the rich and a bail-out from new printed money.
Easy cheap money, constant bail-outs, government intervention, leading to zombie companies racking up every larger debt to exist, billionaires who can't fail due to government support, and a stock market that's up-only bringing a flood of inefficiently-allocated capital.
Is he right? I mean, maybe, sort of. But when an industry really can't be allowed to fail, say water supply and waterway management, allowing private capital to extract maximum resources from it isn't the best method to manage it in the first place. No wonder they need bail-outs. Capitalism fails here because capitalism isn't the right solution here. We need publicly owned national services, not robber barons without
bailouts.
So, you know, half right. Perhaps these are some of the reasons why capitalism fails, but also we shouldn't even be trying to apply capitalism to every single thing in the first place.
#reading #capitalism #economics #RuchirSharma

US Capitol Police arrest 60 people after veterans demonstration (Annabella Rosciglione/Washington Examiner)
https://www.washingtonexaminer.com/news/crime/3441993/us-capitol-police-protest-arrests-60-people-veterans-demonstration/
http://www.memeorandum.com/250614/p1#a250614p1

Enterprise value, economic and policy uncertainties: the case of US air carriers
Bahram Adrangi, Arjun Chatrath, Madhuparna Kolay, Kambiz Raffiee
https://arxiv.org/abs/2506.07766 …

Enterprise value, economic and policy uncertainties: the case of US air carriers
The enterprise value (EV) is a crucial metric in company valuation as it encompasses not only equity but also assets and liabilities, offering a comprehensive measure of total value, especially for companies with diverse capital structures. The relationship between economic uncertainty and firm value is rooted in economic theory, with early studies dating back to Sandmo's work in 1971 and further elaborated upon by John Kenneth Galbraith in 1977. Subsequent significant events have underscored t…

Treefera, which uses satellite imagery, drone imagery, and AI to provide real-time insights into supply chains, raised a $30M Series B led by Notion Capital (Cate Lawrence/Tech.eu)
https://tech.eu/2025/06/03/treefera-secure…

Treefera secures $20M Series B for AI-driven supply chain resilience solutions
Supply chain resilience startup Treeferachas secured $20 million in its Series B funding round, led by Notion Capital with participation from other investors.  In the face of growing economic uncertainty, a stringent regulatory landscape, and increasing environmental risk, Treefera’s platform utilises satellite imagery, drone imagery, and adaptive AI in order to provide real-time, tailored insights into supply chains.  This is especially significant within the first mile of supply chains,…

Do conditional cash transfers in childhood increase economic resilience in adulthood? Evidence from the COVID-19 pandemic shock in Ecuador
Jos\'e-Ignacio Ant\'on, Ruthy Intriago, Juan Ponce
https://arxiv.org/abs/2506.06903

Do conditional cash transfers in childhood increase economic resilience in adulthood? Evidence from the COVID-19 pandemic shock in Ecuador
The primary goal of conditional cash transfers (CCTs) is to alleviate short-term poverty while preventing the intergenerational transmission of deprivation by promoting the accumulation of human capital among children. Although a substantial body of research has evaluated the short-run impacts of CCTs, studies on their long-term effects are relatively scarce, and evidence regarding their influence on resilience to future economic shocks is limited. As human capital accumulation is expected to e…

Elasticity of substitution and general model of economic growth
Constantin Chilarescu
https://arxiv.org/abs/2506.02936 https://arxiv.…

Elasticity of substitution and general model of economic growth
The main purpose of this paper is to generalize some recent results obtained by Chilarescu and Manuel Gomez. Essentially, we are trying to study the effect of elasticity of substitution on the parameters of economic growth, based on its two possible values - lower and higher than one. We show that a higher elasticity of substitution increases per capita income, the relative share of physical capital, the common growth rate and the share of human capital allocated to the production sector, and t…

OatFi, whose APIs handle underwriting, origination, and capital deployment for B2B payment providers, raised a $24M Series A led by White Star Capital (Ryan Lawler/Axios)
https://www.axios.com/pro/fintech-deals/2025/06/03/oatfi-24-milliom-b2b-credit

Exclusive: OatFi nabs $24M for embedded B2B credit
Slow payment terms choke company cash flows across the $35 trillion B2B economy.

An Interpretable Machine Learning Approach in Predicting Inflation Using Payments System Data: A Case Study of Indonesia
Wishnu Badrawani
https://arxiv.org/abs/2506.10369

An Interpretable Machine Learning Approach in Predicting Inflation Using Payments System Data: A Case Study of Indonesia
This paper evaluates the performance of prominent machine learning (ML) algorithms in predicting Indonesia's inflation using the payment system, capital market, and macroeconomic data. We compare the forecasting performance of each ML model, namely shrinkage regression, ensemble learning, and super vector regression, to that of the univariate time series ARIMA and SARIMA models. We examine various out-of-bag sample periods in each ML model to determine the appropriate data-splitting ratios for …