Weekly Coffee Break: Roundup of Industry News
Every week, we’ll share a roundup of industry news links because these resources have informed and inspired us. Here’s our weekly roundup of industry news:
How the Fed Raising Rates Will Affect You—And Everyone Else – The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in nearly a decade. Citing rising employment and economic activity, the central bank’s Federal Open Market Committee voted to raise its target for the federal funds rate (the rate that banks pay to loan each other money overnight) to between 0.25 and 0.5 percent. Interest rates across the economy are expected to climb along with it.
YouTube’s ‘Rewind 2015’ Tops Facebook Retrospective to Win This Week’s Viral Chart – Of course YouTube’s 2015 video retrospective that pays tribute to all (or almost all) the viral phenomena of this year (with a nod to the whole decade) would go viral by itself, grabbing this week’s first place in Visible Measure’s Viral Chart. “YouTube Rewind 2015” is so packed with pop culture references that it’s almost impossible to pick them all out in one pass. Maybe that’s why it got 49.6 million views in the week through Sunday.
Millennials Reject Big Banks, Embrace Credit Unions – Millennials continue to elude many financial institutions as a new survey by Accenture shows consumers ages 18 to 34 are turning their backs on the big banks. In only a year, big banks have lost 16% of their millennial customers, leaving community banks to scoop up 5% and credit unions welcomed 3% of the mass exodus.
The Different Ways Being Uncomfortable Can Help You Grow – I am quite possibly the world’s biggest fan of being comfortable. What could be better than a big comfy couch? So it has been a challenging, repeated lesson for me to learn that feeling uncomfortable is pretty much the only way to experience real personal growth.
Beyond Plastic: Credit Card Companies Experiment With Rings, Watches as New Ways to Pay – Paying with plastic is so last season. In recent months, credit card companies such as MasterCard and Visa have introduced alternative methods of paying for goods and services — an innovative technology trend that is only expected to intensify in 2016.
How to Keep Your Head Up in the Constant Stream of Bad News – Doing your best to stay up with current events can often feel like drowning in a torrent of never ending bad news. With information coming at you in every direction, it’s easy to get burned out. Compassion and solidarity are important, but being an informed citizen doesn’t mean you always have to go down with the ship.