Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Economy

Why Retaining Older Women in the Workforce Will Help the U.S. Economy

[email protected]: “In this opinion piece, researchers Amy Lui Abel and Diane Lim of The Conference Board explain why demographic and economic trends provide an opportunity for older women to expand their role in the labor market. Several female-dominated occupations — especially in health care services — face shortages that will only grow. But given the… Continue Reading

Legal Project Work: The Solution to the Law Graduate Unemployment Crisis

Lawyer Exchange: “Market disruptors have become an economical sleeping giant – just ask taxi companies how they feel about ride sharing services! When it comes to the legal industry, though, innovation has had trouble gaining traction due to rigid business models and hiring practices. Now, legal project work is quickly changing how legal work is… Continue Reading

2018 Annual Report of Medicare Trustees to Congress

Medicare fund on a course to run dry by 2026 – “The Medicare Program is the second-largest social insurance program in the U.S., with 58.4 million beneficiaries and total expenditures of $710 billion in 2017. The Boards of Trustees for Medicare (also Boards) report annually to the Congress on the financial operations and actuarial status of… Continue Reading

Social Security Combined Trust Fund Reserves Depletion Year Remains 2034 Says Board of Trustees

“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79 percent of… Continue Reading

Blockchain, Smart Contracts, and The Law

LexPredict: “When we first open-sourced ContraxSuite, we emphasized the role contract analytics will play in migrating legacy contracts to new smart contracts that are blockchain-enabled. The distributed ledger technology of blockchain has the potential to mitigate risk, streamline processes, and lower the barrier to entry for all market actors. It has the potential to enhance… Continue Reading

A study finds nearly half of jobs are vulnerable to automation

The Economist: “A wave of automation anxiety has hit the West. Just try typing “Will machines…” into Google. An algorithm offers to complete the sentence with differing degrees of disquiet: “…take my job?”; “…take all jobs?”; “…replace humans?”; “…take over the world?”  Job-grabbing robots are no longer science fiction. In 2013 Carl Benedikt Frey and… Continue Reading

UN representative reports on extreme poverty and human rights on his mission to US

Via Common Dreams: “The United Nations has released a scathing report on poverty and inequality in the United States. The findings, which will be presented to the U.N. Human Rights Council on June 21, follow an official visit to the United States by Philip Alston, the U.N. special rapporteur on extreme poverty and human rights,… Continue Reading

Alaska Refuge May Be the Most Contested Land in the U.S.

The National Geographic [includes photos and graphics]: Congress voted to open the Arctic National Wildlife Refuge to oil drilling. Here’s what’s at stake for America’s wild frontier. “…the current U.S. administration is eager to proceed with the two lease sales, of at least 400,000 acres each, ordered by the new law. Assuming various regulatory and… Continue Reading

PwC How will the global economic order change by 2050?

The World in 2050 – “This report sets out our latest long-term global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP. Key results of our analysis (as summarised also in the accompanying video) include: The world economy could more than double in size… Continue Reading

What Unites and Divides Urban, Suburban and Rural Communities

Amid widening gaps in politics and demographics, Americans in urban, suburban and rural areas share many aspects of community life Pew – “…The divides that exist across urban, suburban and rural areas when it comes to views on social and political issues don’t necessarily extend to how people are experiencing life in different types of… Continue Reading

2018 Artificial Intelligence in Finance The Road Ahead

Future Perfect Machine – Artificial Intelligence in Finance: The Road Ahead. May 2018 “Artificial intelligence is reshaping how we work, interact and share information and content. AI technologies are increasingly being incorporated into many of our daily activities. AI opportunities in financial services are broad-based addressing needs in risk assessment, financial analysis, portfolio management, credit… Continue Reading

Why we can’t give up the traditional Qwerty keyboard

BBC – The Economics of Change: “The Dvorak has a cult following. Its supporters say it’s faster, easier to learn and better for your poor, overworked fingers. They say 70% of keystrokes are on the home row – the keys where typists rest their fingers – on the Dvorak, versus 31% on a Qwerty. They… Continue Reading