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Category Archives: Financial System

United States Files Civil Lawsuit Against Edward Snowden

DOJ: “The United States today filed a lawsuit against Edward Snowden, a former employee of the Central Intelligence Agency (CIA) and contractor for the National Security Agency (NSA), who published a book entitled Permanent Record in violation of the non-disclosure agreements he signed with both CIA and NSA. The lawsuit alleges that Snowden published his… Continue Reading

Bipartisan Report Shows Recent Government Shutdowns Cost Taxpayers Nearly $4 Billion, 56,938 Years of Lost Productivity

“U.S. Senators Rob Portman (R-OH) and Tom Carper (D-DE), the Chairman and Ranking Member of the Permanent Subcommittee on Investigations (PSI), today unveiled a new bipartisan report that documents the cost to American taxpayers of the last three government shutdowns and the impacts they had on the economy and core government functions.  The largest direct… Continue Reading

The Work of the Future: Shaping Technology and Institutions

MIT Taskforce on the Future of Work Fall 2019 – “…The world now stands on the cusp of a technological revolution in artificial intelligence and robotics that may prove as transformative for economic growth and human potential as were electrification, mass production, and electronic telecommunications in their eras. New and emerging technologies will raise aggregate… Continue Reading

GAO Spotlight – Blockchain & Distributed Ledger Technologies

“The technology that allows Bitcoin and other cryptocurrencies to function could profoundly change the way government and industry do business. Distributed ledger technology allows the secure transfer of digital assets without management by a central authority. Instead, participants share synchronized copies of a ledger that records assets and transactions. Changes are visible to all participants.… Continue Reading

Expert predicts 25% of colleges will “fail” in the next 20 years

CBSNews: “For the first time in 185 years, there will be no fall semester at Green Mountain College in western Vermont. The college, which closed this year, isn’t alone: Southern Vermont College, the College of St. Joseph, and Atlantic Union College, among others, have shuttered their doors, too. The schools fell victim to trends in… Continue Reading

Federal employee information was hacked – DOJ claims cyberattack victims not due compensation

Washington Post: “The Trump administration has asked a federal court to reconsider a ruling that opened the door for potential payments to millions of federal employees and others due to the cybertheft of their personal information. The Justice Department request, filed last week, involves what it calls “massive litigation” stemming from hacks of two government… Continue Reading

JPMorgan Creates ‘Volfefe’ Index to Track Trump Tweet Impact

Bloomberg – “Two of the largest Wall Street banks are trying to measure the market impact of Donald Trump’s tweets. Analysts at JPMorgan Chase & Co. have created an index to quantify what they say are the growing effects on U.S. bond yields. Citigroup Inc.’s foreign exchange team, meanwhile, report that these micro-blogging missives are… Continue Reading