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: I’m going to assume that you are seeing plenty of AI content (news and papers, not AI slop, though I’m sure you’re getting plenty of that too) from other sources, so I’m trying to think hard about the marginal value that the faiV can provide. As far as I’ve gotten so far: a) make sure that directly AI-related content does not take up more than 2 of the 5 items, and b) try to focus specifically on the cybersecurity issue for financial inclusion. Beyond that, I’m open to feedback on the value you get from the faiV in relation to AI to help guide us in the future. On a different note, I’ll be making a brief cameo appearance at the e-MFP Inclusive Finance Conference to moderate the opening plenary. If you haven’t registered, do so and I hope to see you there! - Tim Ogden