Thursday, November 9, 2017

Wage Growth Flat; Job Growth Recovers

Overview: Market-moving economic news was scarce over the past week. Even Friday's key monthly Employment Report had just a minor net effect. Mortgage rates ended a little lower.

Overall, the Employment Report was bond-friendly, but it produced little net impact on mortgage rates. The muted reaction likely was due to uncertainty about the effect of the hurricanes on the data. The big surprise in the report was the weakness in wage growth. While the consensus was for an annual wage growth rate of 2.7% in October, it was just 2.4% higher than a year ago, down from a revised annual rate of 2.8% in September. If this lower level of wage growth continues, it would reduce future inflationary pressures, which would be good for mortgage rates. As for job gains, the economy added 261,000 jobs in October, following depressed hurricane-related results in September. Combined with upward revisions of 90,000 jobs to the figures for prior months, the total gains were close to the expected levels.

The composition of the Fed will be altered significantly next year, as the three most powerful officials will change. On Thursday, President Trump selected Jerome Powell as his nominee to serve as the next Fed chair beginning in February. Former Fed Vice Chair Stanley Fischer resigned as of mid-October, but Trump has not yet announced a candidate to replace him. Finally, New York Federal Reserve Bank President William Dudley said on Monday that he will retire in the spring or summer of 2018 when his replacement is found. His replacement will be selected by the New York Fed's board of directors. As Fed chair, Powell is expected to maintain a course for monetary policy similar to the current one. Some uncertainty will remain, however, until the other positions are filled.

Week Ahead

Looking ahead, the Retail Sales report and the Consumer Price Index (CPI) will be released on November 15. Consumer spending accounts for about 70% of economic activity in the U.S., and the retail sales data is a key indicator. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. In addition, changes in tax reform proposals could influence mortgage rates. 

Economic Observer

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As President Trump begins his trip to Asia where he is expected to hold meetings with President Xi in China, FinCEN has issued an advisory alerting US financial institutions to be on the lookout for red flags of illicit North Korean schemes, including the use of financial representatives worldwide to evade US and UN sanctions, launder funds, and finance the regime’s weapons of mass destruction and ballistic missile programs. FinCEN warns that North Korea is using China-based front or shell companies, trading companies and financial institutions to further its illicit activity.

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2018 Report:
Reviews and their Impact on B2B Marketing
In today’s world of crowdsourced content and personalized shopping, we’ve all experienced using reviews as a consumer to make purchase decisions. But how often do we think of them in the context of our professional life in the B2B world?

Well, plenty of B2B buyers do, with over 90% of them stating they are more likely to purchase a product after reading a trusted review. This and other stats in the new study by G2 Crowd and Heinz Marketing, the ‘2018 Benchmark Report: The Impact of Reviews on B2B Buyers and Sellers’, prove why reviews are an effective B2B marketing strategy that many companies have not even considered. Not only does the report look at the actual impact of reviews on B2B buyers, it also examines at the effectiveness that B2B marketers currently utilizing reviews are seeing. It’s also full of best practice guidelines to get started implementing your own review strategy.

Read the report for the why and how of using reviews as a B2B marketer here:

To continue the learning or for an interactive experience, G2 Crowd and Heinz Marketing are hosting a webinar with industry experts on Thursday, November 16, at 10AM PT / 1 PM ET.

You’ll learn how the study applies to your business, and have the opportunity to learn from the experts themselves. Save your seat for the webinar here: 

Share with anyone you think may also find value. Don’t forget to register even if you can’t make that time. You’ll receive a copy of the recording after the live event.

Here’s to your success,
Michael Crosson
Moderator & Publisher

Pão de Queijo Brunch



34 N 7th Street, #3W
Brooklyn, NY 11249
United States
  Join in November 12th for the last Pão de Queijo Brunch of the year to celebrate our 6th anniversary!
From 1 PM to 5 PM, enjoy great vibes, drinks, plenty of Pão de Queijo (Brazilian cheese bread), and performances from Inside the Wild the Heart. We will also be celebrating our Executive Director, Debora Balardini's birthday! This intimate house party, with all you can eat and drink provided, will fill up quickly so get your ticket today.
November 12th, 2017
1PM - 5PM
Tickets start at $30
(prices are available on a first come, first served basis)
Food and drinks all inclusive!
Ever tried the cheese rolls made by our Artistic Director Andressa Furletti? So this is the day! And there is more! Cakes, pudim (Brazilian flan), brigadeiro and some other treat from the Brazilian cuisine.
Alcohol or non-alcohol, you can enjoy it all... From our caipirinhas, beers, juice, coffee and Brazilian soda. For the wild ones, try our signature drink Wild Coffee. You have to come to try for yourself! Hey, it's all you can eat and drink.
Experiment some of the performances and art installations created by Group .BR for the play Inside the Wild Heart, an immersive theatrical experience based on the works of Clarice Lispector. The show had a successful run in 2016 and is coming back in 2018!

The event counts with the support from Natura BrasilCachaça LeblonNew Directions Books and Materials for the Arts.

Fernanda Mello: Mirror’s Inhabitants

OPENING RECEPTION: November 15, 2017

ON VIEW: November 16, 2017 – January 7, 2018


November 16, 2017 - January 7, 2018
Tues-Sat, 8am-10pm
Mon, 8am-6pm
Sun, 10am-6pm


FREE Admission


BRIC House Hallway
647 Fulton St.
BrooklynNY 11217
United States

Working primarily in painting and drawing, Fernanda Mello reinterprets folkloric culture she learned as a child growing up in Brazil. A self-taught artist, Mello derives her artistic inspiration from her studies of South American tribes and shamans of the Amazon region. In Mirror’s Inhabitants, she catalogs the life of Davi Kopenawa, an important indigenous shaman from Brazil who advocated for rainforest conservation and indigenous rights in light of the arrival of gold miners and their diseases in his region.
Fernanda Mello has exhibited at Greenpoint Gallery, Brooklyn; the Fort Tilden National Recreation Area; the Regents Canal Festival and The Brick Lane Gallery, both in London; Grand Palais, Paris; Galeria Olho d’Agua, Brasilia; and FilaAC, São Paulo. She is the recipient of an award from the National Endowment for the Arts and currently resides in Brooklyn.
Curated by Jenny Gerow, Assistant Curator
Fernanda Mello is a 2017-18 recipient of the ArtFP, an open call for Brooklyn-based visual artists to exhibit at BRIC House. For more information, visit


About BrazilFoundation
BrazilFoundation mobilizes resources for ideas and actions that transform Brazil. We work with local leaders, organizations and a global network of supporters to promote equality, social justice and economic opportunity for all Brazilians.

In 17 years, BrazilFoundation has raised over US$40 million and supported over 500 social organizations in 26 states in Brazil in the areas of Education, Health, Culture, Socioeconomic Development, and Human Rights.

BrazilFoundation is a non-profit organization under Section 501(c) (3) of the United States Tax Code, EIN 13 4131482, and an OSCIP (Public Interest Civil Society Organization) under Brazilian Law nº 9.790/1999, CNPJ 048395720001-10. Contributions to BrazilFoundation are tax-deductible to the extent permitted by law in the United States and in Brazil.

Strategic Investment
BrazilFoundation works with social leaders and organizations that present low-cost, creative solutions to local challenges that have the potential to be replicated on a larger scale. More than just providing financial support, we work closely with our grantees to make sure they have training, capacity and support to scale sustainable solutions and become effective advocates on behalf of their communities.

Vehicle for Philanthropy in Brazil
BrazilFoundation is a pioneer in Brazilian philanthropy. We bridge the gap between donors and outstanding social organizations focused on promoting equality, social justice and economic opportunity in Brazil. Our global network and partners ensure organizations have the resources to foster strong communities and respond to local needs.

More information:
EUA: +1 (212) 244 3663
Brasil: +55 21 2532 3029

More information:

The Brazilian Young Talent Contest The Brazilian Endowment for the Arts of New York would like to announce the Brazilian Young Talented Prize! 

The intention of this contest is to stimulate young writers who are sons of Brazilian immigrants or were born in Brazil and moved to the U.S as children and are currently living in New York area. The first place will get a laptop. 

We look forward to receive works of creative writing. We are open to clarify any questions that you may have as well. Please read the official notice below for acknowledging the rules before submitting your documents to our e-mail address ( 

What are the prizes? 
The first place of each category will get a laptop Dell Inspiron 11.6" and one free annual membership for the Brazilian Endowment for the Arts;
 The second place will get $100 (a hundred dollars); 
The third place will get a book of Brazilian literature. 

Who can participate? 
Any children between 13 and 17 years old, son of Brazilian parents or that was born in Brazil and is currently living in New York. 

What categories can you compete? 
The prize carries the following categories: prose, poetry and short story. Each children can select ONE category and send only one work. Each category will have three prizes.

 How many pages should you write? 
The work submitted MUST have between 1 and 5 pages. The registration form and your biography will not count as pages for your work.

 What's the deadline to send your work?

 The deadline to submit the work is November 5th, 2017 (11/05/2017).

 How to register?

 Writers can register at the e-mail until November 5th, 2017. 

To register, you have to • Copy and fill the registration form below; • submit your work. The document containing your work MUST NOT come with your name on it. 
These two files MUST be sent (in .doc, .docx or .pdf) attached to the registration e-mail. If any of the two documents is missing the candidate will be disqualified. 
Multiple e-mails will NOT be accepted. The registration e-mail must come with the following subject: BEA young contest 2017. 

Any other questions?

 If you have any other questions please send an e-mail to and we will be glad to answer your questions!

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