1. Credit: In 2013, 4 million workers, or about 3% of all employees, had wages garnished for a consumer debt in 2013 - sometimes at rates of up to 25% per paycheck. ProPublica
2. Poverty in the US: The poverty rate in the US dropped for the first time since 2006, but the number of Americans living in poverty remains the same. US Census Bureau
3. Microfinance: MFIs in West Africa respond to Ebola outbreak. While some are suspending operations, others are granting loan forgiveness, or spreading preventive information to their communities. CFI
4. Financial Inclusion: African countries participating in the 2014 Financial Access Survey reported a five-fold increase in depositors per 1,000 adults from 2004 to 2013, and 40% growth in real GDP per capita. IMF
5. Cash: In Germany, "Nur Bares ist Wahres" (cash is king). But why? Quartz
The photo above is from Everyday Africa, a collection of images shot on mobile phones across the continent, focused toward a more accurate understanding of what the majority of Africans experience on a day-to-day basis. You can follow Everyday Africa on Twitter, Tumblr, Facebook, and Instagram. If you're in the New York City area, selected works will be on display at Brooklyn Bridge Park through September 28.
Editor's Note:
If you were hoping that the faiV would be a pleasant distraction from the overwhelming flow of AI-related content, sorry. For the record, the faiV had “ai” built in before Anthropic existed. And a housekeeping note: we’ve finally jumped ship from Mailchimp to NYU’s mailing platform—I guess if you’re reading this it’s been a seamless transition and if you’re not, well, you’re not. Feedback on the faiV’s content and format and delivery methods is always welcome, just drop me an email.
- Tim Ogden