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Category Archives: Financial System

Want to defend democracy? Start with your public library.

Washington Post Opinion: “In “Harry Potter and the Chamber of Secrets,” the character Ron — channeling his friend Hermione — says to Harry Potter: “When in doubt, go to the library.” In the United States today, there is plenty to doubt. Complex arguments are being whittled down to 280 characters. And of course, the president has made more than 5,000 false or misleading statements in about 600 days. Just last week, he falsely claimed that 3,000 Puerto Ricans “did not die in the two hurricanes.” Lies have become too commonplace in the United States, so the American people need a place where they can go to get the truth. Ron is right. Go to your public library. Public libraries provide information in an era of misinformation. They offer facts and nuance. They offer the opportunity for enlightenment. They offer every visitor the resources they need to find answers. The American Library Association reports that many public libraries are, for instance, “developing programs to help community members spot ‘fake news’ and evaluate information online.”…

The Future of Jobs Report 2018

World Economic Forum: “The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations… Continue Reading

UK Serious Fraud Office trialling AI for data-heavy cases

naked security – sophos: “The BBC says it looks like a kids’ digital game: a mass of blue and green rubber balls bounce around the screen like they’re on elastic bands in a galaxy of paddle balls. It’s no game, however. It is a new artificial intelligence (AI) tool that connects, and then visualizes, the… Continue Reading

The Latest Course Catalog Trend? Blockchain 101

Wired: “On a clear, warm night earlier this year, several dozen University of California, Berkeley students folded themselves into gray chairs for a three-hour class on how to think like blockchain entrepreneurs. The evening’s challenge, presented by Berkeley City Councilmember Ben Bartlett, was to brainstorm how blockchain technology might be used to alleviate the city’s… Continue Reading

Costs of Government Interventions in Response to the Financial Crisis: A Retrospective, updated September 12, 2018

EveryCRSReport.com – Costs of Government Interventions in Response to the Financial Crisis: A Retrospective, updated September 12, 2018. “In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by… Continue Reading

Even in Better Times, Many Americans Are Farther Behind. Here’s Why.

The New York Times: “Americans’ household earnings are finally stretching back to their pre-recession heights. But feeling secure and comfortable isn’t only a measure of how much money you have. It’s also a measure of how much you have compared with others. For many, that is one reason that recent financial progress may seem overshadowed… Continue Reading

Ten years after Lehman’s collapse, these ten risks could cause the next crisis

Quartz: “On Sept. 15, 2008, a credit crunch turned into a full-blown crisis when New York-based investment bank Lehman Brothers collapsed. The global recession that followed is still too fresh in many people’s memories to be considered history. But 10 years on, the state of the financial system suggests that the crisis has been relegated… Continue Reading

31 Highest Paying Companies

“Almost every day, nearly 112 million Americans wake up and go to work. The vast majority of them do so to put a roof over their head, food on the table, and otherwise support their chosen lifestyle. While full-time U.S. workers by definition clock in for at least 35 hours a week, the amount of… Continue Reading

Testimony – Transparency at CBO: An Update

Testimony on Transparency at CBO: An Update | Congressional Budget Office – Keith Hall, Director Before the Committee on the Budget United States Senate September 13, 2018. “…Transparency can mean many different things, so letme begin by highlighting CBO’s three goals in being transparent: First, we aim to enhance the credibility of our work by… Continue Reading

Federal Role in U.S. Campaigns and Elections: An Overview

EveryCRSReport.com – Federal Role in U.S. Campaigns and Elections: An Overview R. Sam Garrett, Specialist in American National Government. September 4, 2018. “Conventional wisdom holds that the federal government plays relatively little role in U.S. campaigns and elections. Although states retain authority for most aspects of election administration, a closer look reveals that the federal… Continue Reading

CBO – Federal budget deficit was $895 billion for the first 11 months of fiscal year 2018

Monthly Budget Review for August 2018: “The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, the Congressional Budget Office estimates, $222 billion more than the shortfall recorded during the same period last year. Revenues were 1 percent higher than in the same period in fiscal year 2017, but… Continue Reading

The State of Food Security and Nutrition in the World 2018

11 September 2018, Rome – “New evidence continues to signal that the number of hungry people in the world is growing, reaching 821 million in 2017 or one in every nine people, according to The State of Food Security and Nutrition in the World 2018 released today. Limited progress is also being made in addressing the multiple… Continue Reading