Cookson, J. Anthony and Fox, Corbin and Gil-Bazo, Javier and Imbet, Juan Felipe and Schiller, Christoph, Social Media as a Bank Run Catalyst (April 18, 2023). Available at SSRN: https://ssrn.com/abstract=4422754 or http://dx.doi.org/10.2139/ssrn.4422754 “Social media fueled a bank run on Silicon Valley Bank (SVB), and the effects were felt broadly in the U.S. banking industry. We… Continue Reading
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Category Archives: Economy
AI in Hiring and Evaluating Workers: What Americans Think
“62% believe artificial intelligence will have a major impact on jobholders overall in the next 20 years, but far fewer think it will greatly affect them personally. People are generally wary and uncertain of AI being used in hiring and assessing workers. The rapid rise of ChatGPT and other artificial intelligence (AI) systems has prompted… Continue Reading
Long COVID Is Being Erased—Again
The Atlantic: “…Most Americans simply aren’t thinking about COVID with the same acuity they once did; the White House long ago zeroed in on hospitalizations and deaths as the measures to worry most about. And what was once outright denial of long COVID’s existence has morphed into something subtler: a creeping conviction, seeded by academics… Continue Reading
Plastic Recylcing is a Scam
Plastic Recycling is an Actual Scam | Climate Town / YouTube Plastic Legislation to get involved with: Depending on where you live, there’s a lot you can do. NCSL Overview: https://www.ncsl.org/research/environ… Earth Day Plastic Action: https://www.earthday.org/act-on-plast… Cleveland Preemptive Ban: https://www.cleveland.com/open/2019/0… Nat Geo breakdown: https://www.nationalgeographic.com/en… CIF: https://www.clf.org/blog/the-truth-ab… WSJ: https://www.wsj.com/articles/plastic-… NRDC: https://www.nrdc.org/stories/single-u… Follow Climate Town on Instagram:… Continue Reading
Modern monetary theory: an explanation
Modern monetary theory:an explanation. Professor Richard Murphy. April 2023. Funding the Future. Formerly Tx Research UK. “Modern monetary theory (hereafter, MMT) is an explanation of the way in which money works in an economy. It also explains the consequent impact that the best use of money, using this understanding, might have on behaviour in that… Continue Reading
Two new scientific papers break down how the rich are destroying Earth
Salon: “As the climate crisis becomes more acute — exemplified in interminable wildfire “seasons”, intense drought and extreme weather — it’s becoming clear that saving the planet will involve more than politely asking consumers to recycle their yogurt cups. Indeed, many of climate change’s effects are largely spurred by resource hoarding and inequality via the… Continue Reading
Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain
Yale School of Management: “Since the invasion of Ukraine began, we have been tracking the responses of well over 1,200 companies, and counting. Over 1,000 companies have publicly announced they are voluntarily curtailing operations in Russia to some degree beyond the bare minimum legally required by international sanctions — but some companies have continued to operate… Continue Reading
Of Course This Is How the Intelligence Leak Happened
The Atlantic: “National-security leaks. Insurrections. Bank runs. Group chats are now the most powerful force on the internet…Group chats aren’t just good for triggering geopolitical crises—they’re also an effective means to start a bank run, as the world learned last month. The investor panic that led to the swift collapse of Silicon Valley Bank in… Continue Reading
America needs clean electricity. These states show how to do it.
Washington Post: “If humans escape climate scientists’ gloomiest projections, if we buy ourselves time to adapt to higher seas and fiercer heat waves, we will likely use more electricity than we do now, and we will make it without emitting greenhouse gases. Today, the United States is running a natural experiment in electricity generation, with… Continue Reading
More and more Americans are gaming the deposit-insurance system
The Economist: “Imagine you are the dealer at a vast card table. There are 3,000 players, each of whom is holding a different number of cards. Some have thousands; others a handful. Each will hold onto some cards and return the rest to you. Your job is to reshuffle the deck and deal it again… Continue Reading
Groundwater Gold Rush
Bloomberg [no paywall]: “Banks, pension funds and insurers have been turning California’s scarce water into enormous profits, leaving people with less to drink…Some of the world’s largest investment banks, pension funds and insurers, including Manulife Financial Corp.’s John Hancock unit, TIAA and UBS, have been depleting California’s groundwater to grow high-value nuts, leaving less drinking… Continue Reading
2022 Best Places to Work in the Federal Government® Rankings
“The Partnership for Public Service and Boston Consulting Group present the 2022 Best Places to Work in the Federal Government® rankings. The full rankings include 17 large, 27 midsize and 30 small agencies as well as 432 subcomponents. Data is also included on employee views relating to 12 workplace issues that affect employee engagement and… Continue Reading
