Category Archives: News

Credit-Card Debt in U.S. Rises to Record $930 Billion

Serious delinquencies increase, particularly among younger borrowers

WASHINGTON—Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion of people seriously behind on their payments increased.

Total credit-card balances increased by $46 billion to $930 billion, well above the previous peak seen before the 2008 financial crisis, according to data released by the Federal Reserve Bank of New York on Tuesday.

Some cardholders, particularly younger ones, are running into trouble.

The proportion of credit-card debt in serious delinquency, meaning payments were late by 90 days or more, rose to 5.32% in the fourth quarter, the highest level in almost eight years, from 5.16% in the third quarter. The serious-delinquency rate for borrowers from 18 to 29 years old rose to 9.36%, the highest level since the fourth quarter of 2010, from 8.91%.

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The Decade When Numbers Broke Sports

In the 2010s, data and analytics changed the way games are played—for better and worse

Brad Pitt (left) played Billy Beane in ‘Moneyball,’ which was released in 2011, at the beginning of a decade that would change sports forever. PHOTO: COLUMBIA PICTURES/EVERETT COLLECTION

By Ben Cohen, Jared Diamond and Andrew Beaton

It wasn’t long ago that baseball players still bunted, football coaches were unapologetically conservative and basketball teams doubted Stephen Curry. It was only the beginning of this decade.

But what happened over the last 10 years inside MLB ballparks, NFL stadiums and NBA arenas rendered the sports almost unrecognizable. The games barely resemble the previous iterations of themselves. They have been reinvented in front of our eyes.

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Project 2019 Ninja 400 Partnership with Mad4Motorsports

PAG’s own Dee Ridgeway has taken data analytics and marketing strategy to 2 wheels and made the press !!! Predictive Analytics Group has partnered with leading companies in the motorcycle industry and collaborated on a bike build on a 2019 Kawasaki Ninja 400. This motorcycle has been supplied top end performance items from well known vendors and created a one of a kind motorcycle that will be given to a lucky winner.

Participating vendors that have supplied top end performance items are:
• Mad4Motorsports
• Bauce Racing
• HHR Performance
• Superbike Unlimited
• Metric Devil Moto
• Powersports East
• DC Paintworx
• Dripping Wet.com
• Evolve GT
• Iconic Motorbikes

To purchase $40 Project Ninja 400 bike build decal kit and enter into the giveaway
Click here.

All proceeds are being donated to the RoadRacing World Action Fund. See the media notice below for more details.
Click here.

Numerous partnering vendors are running specials to support the project. Click below to preview the HHR Performance Special here.

2019 Blue Hen 17&43 Awards

University of Delaware Alfred Lerner College of Business & Economics and Horn Entrepreneurship for the 2nd year in a row has nominated and selected PAG to be a winner of the 2019 Blue Hen 17&43 Awards. The Blue Hen 17&43 awards recognize University of Delaware students and alumni who have founded or led promising new ventures and fast growing companies.

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In Another Recession, It Could Be Tough For Washington To Boost The Economy

It just might be time to start thinking about a recession. Not a recession in the immediate future, of course. The latest jobs report was unexpectedly strong, and the economy is growing at a good clip. But there’s reason to get nervous. A majority of economists surveyed by the Wall Street Journal predict a recession by the end of 2020, and a majority of Americans appear to have the same fear.

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2019 Sports Betting Preview: Will Congress Enact Federal Standards For Legalized Sports Gambling?

As predicted, a landmark Supreme Court decision on sports betting has created a frenetic period over the latter half of 2018 the likes of which the gaming industry has never seen.

A bevy of states have pushed through legislation in attempts to capitalize on a first-mover advantage over their neighbors. Established companies in mature markets such as the U.K. and Australia have made inroads into the U.S. in hopes of securing a slice of a pie estimated as much as $10 billion in the coming years. At the same time, prominent commissioners at the major professional sports leagues in North America have moved quickly to establish relationships with the top sportsbooks nationwide as a longstanding debate on intellectual property rights for official sports betting data festers.

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The Role Of Verified Digital Identities In The Open Banking Ecosystem

Digital identity, as it’s currently known, is a method of protecting an individual, organization or group of devices against fraud online. The information stored in your digital identity can be accessed and authenticated by you as the owner of the digital identity or by a third party that you have granted access, such as your bank. Digital identity is an important tool for securing your information online, including your personal information and the details of a transaction.

The European Banking Authority (EBA) recently released new guidelines on open banking systems, which named data security a top priority as banks will begin to share their customers’ financial information with other authorized providers. Once they receive that authorization, fintech companies can act on behalf of customers. That means companies can use customers’ data as long as they meet the requirement for strong customer authentication and authorization. While open banking represents a step forward for financial institutions, data and customer identity must remain the highest priority.

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AI, User Experience Top Healthcare’s Data Analytics Priorities in 2019

November 08, 2018 – Healthcare organizations that want to get ahead in 2019 will need to prioritize the use of artificial intelligence, virtualized care, and technologies that offer intuitive user experiences, according to Forrester’s predictions for the upcoming year.

The ability to aggregate, analyze, and utilize big data to identify business opportunities and engage users will become even more valuable as traditional healthcare entities battle for market supremacy against a new wave of technology powerhouses, the survey-based brief says.

“Major disruptors, like Amazon and Walmart, will make good on their promises, delivering the personalized experiences that customers have been yearning for from healthcare organizations (HCOs),” the report projects, leaving providers and payers with a strong imperative to leverage the data they have to offer similar benefits to users.

Read the full article here.