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Category Archives: Financial System

Leaked Document Shows How Big Companies Buy Credit Card Data on Millions of Americans

Motherboard – Yodlee, America’s largest financial data broker, says the data it sells it is anonymous. A confidential document obtained by Motherboard shows people could be unmasked in the data. “Yodlee, the largest financial data broker in the U.S., sells data pulled from the bank and credit card transactions of tens of millions of Americans to investment and research firms, detailing where and when people shopped and how much they spent. The company claims that the data is anonymous, but a confidential Yodlee document obtained by Motherboard indicates individual users could be unmasked. The findings come as multiple Senators have urged the Federal Trade Commission (FTC) to investigate Envestnet, which owns Yodlee, for selling Americans’ transaction information without their knowledge or consent, potentially violating the law. “Let me be blunt. This is bullshit ‘anonymization,'” Nicholas Weaver, a senior researcher at the International Computer Science Institute at UC Berkeley, told Motherboard in an email after reviewing a section of the document….”

LC Webinars on Legal Research – US Case Law and Comparative Law

Via Emily Carr – “The Law Library of Congress will be offering the following webinars in the next three weeks.  Please join us! Orientation to Legal Research Webinar Series: U.S. Case Law, Thursday, February 20, 2020 – The Orientation to Legal Research Series of webinars reflect the content in the in-person series of classes, and… Continue Reading

This map shows which companies have lasted hundreds (and even thousands) of years

Fast Company – “At a time when the average company on the S&P 500 only survives for two decades, it’s surprising to see that there are companies that have existed for centuries around the world. The oldest company still operating today is in Japan. It’s a construction firm called Kongo Gumi that dates to 578… Continue Reading

Open access journals get a boost from librarian much to Elsevier’s dismay

ars technica: “A quiet revolution is sweeping the $20 billion academic publishing market and its main operator Elsevier, partly driven by an unlikely group of rebels: cash-strapped librarians. When Florida State University cancelled its “big deal” contract for all Elsevier’s 2,500 journals last March to save money, the publisher warned it would backfire and cost… Continue Reading

Local Bookstores Have A New Weapon In The Fight With Amazon

Fortune: “In the book industry, Amazon is Goliath, the giant who overshadows everyone else. But there’s a new David on the scene, Bookshop.org. It doesn’t expect to topple the giant, but it has launched a weapon that could make Amazon’s shadow a little smaller, and help local bookstores fight back. Bookshop.org, a website that went… Continue Reading

2019 Internet Crime Report

“The FBI is the lead federal agency for investigating malicious cyber activity by criminals, nation-state adversaries, and terrorists. To fulfill this mission, the FBI often develops resources to enhance operations and collaboration. One such resource is the FBI’s Internet Crime Complaint Center (IC3) which provides the public with a trustworthy and convenient mechanism for reporting… Continue Reading

FTC to Examine Past Acquisitions by Large Technology Companies

FTC News Release: “The Federal Trade Commission issued Special Orders to five large technology firms, requiring them to provide information about prior acquisitions not reported to the antitrust agencies under the Hart-Scott-Rodino (HSR) Act. The orders require Alphabet Inc. (including Google), Amazon.com, Inc., Apple Inc., Facebook, Inc., and Microsoft Corp. to provide information and documents… Continue Reading

The Golden Age Of White Collar Crime

HuffPost – The Highline: “…The criminal justice system has given up all pretense that the crimes of the wealthy are worth taking seriously. In January 2019, white-collar prosecutions fell to their lowest level since researchers started tracking them in 1998. Even within the dwindling number of prosecutions, most are cases against low-level con artists and… Continue Reading

Trump’s 2021 budget drowns science agencies in red ink again

Science: “It’s another sea of red ink for federal research funding programs in President Donald Trump’s latest budget proposal. The 2021 budget request to Congress released today calls for deep, often double-digit cuts to R&D spending at major science agencies. At the same time, the president wants to put more money into a handful of areas—notably artificial… Continue Reading

Cambridge Univ – A Global AI in Financial Services Survey

Transforming Paradigms – A Global AI in Financial Services Survey: “This report presents the findings of a global survey on AI in Financial Services jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum in Q2-Q3 2019. Representing one of the largest… Continue Reading