Hartmann Report: The report, titled Our Payments, Their Profits, opens with this shocking exposé: “By our estimate, and based on 2022 spending, Medicare Advantage overcharges taxpayers by a minimum of 22% or $88 billion per year, and potentially by up to 35% or $140 billion. By comparison, Part B premiums in 2022 totaled approximately $131… Continue Reading
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Category Archives: Economy
Solidarity Not Charity: A Rapid Report
Solidarity Not Charity: A Rapid Report – “This report, commissioned by Grantmakers in the Arts, is about the ways that arts and culture grantmakers can engage in systems-change work. The cultural sector is actively seeking alternatives to business-as-usual to create economic and racial justice in the sector and beyond. Grantmakers can play a role in… Continue Reading
This Website Exposes the Truth About Soaring Food Prices
Wired: “A developer in Austria created a comparison website that helped open up the opaque world of food costs as regulators investigate the food industry. It didn’t take long for Mario Zechner to prove the government wrong. In May, the independent software developer was listening to a radio interview with Austria’s labor minister, Martin Kocher,… Continue Reading
Gen AI’s ‘Collective Brain Trust’ Gathers
Law.com – Gen AI’s ‘Collective Brain Trust’ Gathers to Discuss Practical Use Cases and Successes at Invite-Only Event. At a recent daylong, closed-door gathering organized by LexFusion, early adopters from top law firms, legal departments and technology providers convened to candidly share real-world gen AI experiences and the practical insights they’ve gained thus far…Organized by… Continue Reading
For 40 years, Big Meat has openly colluded to rig prices
Pluralistic: “For 40 years, Big Meat has openly colluded to rig prices (permalink)…Let me tell you about Agri Stats. Agri Stats has been around since 1985. Every large meat packer pays to be a “member” of Agri Stats, and they each submit weekly, detailed statistics about every aspect of their business: all their costs, all… Continue Reading
DOJ finally posted that “embarrassing” court doc Google wanted to hide
Ars Technica: “The US Department of Justice has finally posted what Judge Amit Mehta described at the Google search antitrust trial as an “embarrassing” exhibit that Google tried to hide from the public. The document in question contains meeting notes that Google’s vice president for finance, Michael Roszak, “created for a course on communications,” Bloomberg… Continue Reading
AI in Banking and Finance – September 30, 2023
Via LLRX – AI in Banking and Finance – September 30, 2023 – This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers and academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. Four highlights from this week: European Central Bank Is Experimenting With… Continue Reading
How the Writers Guild sunk AI’s ship
Cory Doctorow – “No one’s gonna buy enterprise AI licenses if they can’t fire their workers. After a grinding, 148-day strike, the Writers Guild of America ran the table, conceding virtually nothing and winning virtually everything. The most consequential outcome will be data on streaming viewership. For the studios, these numbers are state secrets, revealed… Continue Reading
OIG Report – Material Loss Review of Silicon Valley Bank
“The Office of Inspector General for the Federal Reserve System and the Consumer Financial Protection Bureau (CFPB) released Evaluation Report 2023-SR-B-013, Material Loss Review of Silicon Valley Bank, September 25, 2023, a review of the Federal Reserve Board’s supervision of Silicon Valley Bank. In a letter responding to the OIG’s report, the Federal Reserve Board’s… Continue Reading
How Americans see the state of gender and leadership in business
“Women now account for record shares of Fortune 500 chief executives and board members in the United States – 10.6% and 30.4%, respectively. Still, the share of women in top business leadership positions remains well below their share of the population. A majority of Americans (55%) say there are too few women in top executive… Continue Reading
How ChatGPT Is Putting College Ghost Writers Out of Work
The Walrus: The custom essay-writing business is worth billions. Will AI bring it to an end? “…Paying third parties to complete your coursework is called contract cheating. While it seemingly represents a breach of academic integrity, it is technically legal in Canada—and data suggests it’s become prevalent across post-secondary institutions. According to academic ghostwriters like… Continue Reading
Supreme Corporate Tax Giveaway: Who Would Benefit from the Roberts Court Striking Down the Mandatory Repatriation Tax?
Roosevelt Institute and the Institute on Taxation and Economic Policy (ITEP): Executive Summary – “Later this year, the Supreme Court will hear what could become the most important tax case in a century. In Moore v. US, ostensibly about the tax liability of an American family with minority shares in an Indian farming firm, the… Continue Reading
