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Category Archives: Financial System

UK publishes 10-year plan to become ‘A.I. superpower’ seeking to rival U.S. and China

CNBC: “The U.K. government on Wednesday released its 10-year plan to make the country a global “artificial intelligence superpower”, seeking to rival the likes of the U.S. and China. The so-called “National Artificial Intelligence Strategy” is designed to boost the use of AI among the nation’s businesses, attract international investment into British AI companies and develop the next generation of homegrown tech talent. “Today we’re laying the foundations for the next ten years’ growth with a strategy to help us seize the potential of artificial intelligence and play a leading role in shaping the way the world governs it,” Chris Philp, a minister of the Department for Digital, Culture, Media and Sport, said in a statement. The National AI Strategy includes a number of programs, reports and initiatives. Among them, a new National AI Research and Innovation program will be launched as part of an effort to improve coordination and collaboration between the country’s researchers…”

GOV.UK: “The National AI Strategy builds on the UK’s strengths but also represents the start of a step-change for AI in the UK, recognising the power of AI to increase resilience, productivity, growth and innovation across the private and public sectors.”

TikTokers Are Trading Stocks By Copying What Members Of Congress Do

NPR: “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips. Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. “Shouts out to Nancy Pelosi, the stock market’s biggest whale,” said user ‘ceowatchlist.’ Another said, “I’ve come… Continue Reading

UK – Get information about a company

GOV.UK: ” You can get some details about a company for free, including: company information, for example registered address and date of incorporation current and resigned officers document images mortgage charge data previous company names insolvency information You can also set up free email alerts to tell you when a company updates its details (for… Continue Reading

The external wealth of nations database

Brookings – Editor’s Note: “For the past several years, Gian Maria Milesi-Ferretti, now a senior fellow in the Hutchins Center at Brookings, and Philip Lane, now chief economist of the European Central Bank, have been curating a database on external financial assets and liabilities for more than 200 countries that stretches back to 1970—the External… Continue Reading

2021 Global Retirement Index

“In 2021, the world is full of uncertainties for retirees and those saving for retirement. Security is a critical issue — from the immediate challenges of more waves of the pandemic, to longer-term questions about the environment, geopolitics, and inflation. Retirement is clearly among the top issues for investors. In fact, 40% of investors say… Continue Reading

14 Trillion of Pentagon Spending on war in Afghanistan went to 5 government contractors

Watson Institute, Brown University / William D. Hartung Center for International Policy: Profits of War: Corporate Beneficiaries of the Post-9/11 Pentagon Spending Surge – September 13, 2021: “Pentagon spending has totaled over $14 trillion since the start of the war in Afghanistan, with one-third to one-half of the total going to military contractors.A large portion… Continue Reading

This is the perfect ransomware victim, according to cybercriminals

ZDNet: “On Monday, KELA published a report on listings made by ransomware operators in the underground, including access requests — the way to gain an initial foothold into a target system — revealing that many want to buy a way into US companies with a minimum revenue of over $100 million. Initial access is now… Continue Reading

The US Budgetary Costs of the Post 9/11 Wars

20 Years of War – A Costs of War Research Series, Watson Institute of Public and International Affairs, Brown University: “The United States has appropriated and is obligated to spend an estimated $6.4 Trillion through Fiscal Year 2020 in budgetary costs related to and caused by the post-9/11 wars—an estimated $5.4 Trillion in appropriations in… Continue Reading

Role of the Supreme Court in generating or avoiding systemic risk

Edwards, Benjamin, Supreme Risk (August 18, 2021). Available at SSRN: https://ssrn.com/abstract=3907534 or http://dx.doi.org/10.2139/ssrn.3907534 “While many have discussed the social issues that might arise because of a majority-conservative Supreme Court, one critical consequence of the current Supreme Court has been overlooked: the role of the Supreme Court in generating or avoiding systemic risk. For some time,… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, August 28, 2021

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, August 28, 2021 – Privacy and security issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the… Continue Reading

Climate Change and U.S. Financial Regulators: Overview and Recent Actions

CRS Insight – Climate Change and U.S. Financial Regulators: Overview and Recent Actions, Updated August 26, 2021: “Under the Biden Administration,financial regulators have announced a range of new measures to address financial risks associated with climate change. The Department of the Treasury, the Securities and Exchange Commission (SEC), and the Federal Reserve have each announced… Continue Reading