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Category Archives: Financial System

The Equifax Data Breach: What to Do

FTC – “If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people. And they grabbed personal information of people in the UK and Canada too. There are steps to take to help protect your information from being misused…”

The Power of Regional Food System Investments to Transform Communities

New book published jointly by the USDA and the Federal Reserve Bank of St. Louis – Harvesting Opportunity: The Power of Regional Food System Investment to Transform Communities “This publication is designed to highlight the prospects available in the regional food systems sector, advance efforts to provide meaningful earnings and job opportunities for low- and… Continue Reading

Preventing and Responding to Identity Theft

US Cert Security update: Preventing and Responding to Identity Theft “You can be a victim of identity theft even if you never use a computer. Malicious people may be able to obtain personal information (such as credit card numbers, phone numbers, account numbers, and addresses) by stealing your wallet, overhearing a phone conversation, rummaging through… Continue Reading

CBO – An Analysis of Corporate Inversions

An Analysis of Corporate Inversions, CBO, September 18, 2017 “U.S. multinational corporations—businesses incorporated and operating in the United States that also maintain operations in other countries—can use a variety of strategies to change how and where their income is taxed. One such strategy is a corporate inversion, which can result in a significant reduction in worldwide… Continue Reading

Infographic comparing Bitcoin, Ethereum, and Other Cryptos

Are you confused by the language, structure, operations and frameworks that comprise the growin cryptocurrency universe? Visual Capitalist “…worked with social trading network eToro to come up with an infographic that breaks down the major differences between these coins all in one place.” See also the New York Times – In China’s Hinterlands, Workers Mine… Continue Reading

Equifax is one of many companies that collect information about you

Via NBR/CNBC: “There are literally hundreds of smaller consumer-reporting companies [33-page PDF] operating in the U.S. and the smaller ones are collecting information you might not expect. The Consumer Financial Protection Bureau maintains a self-reported list of the companies. Consider Milliman IntelliScript, for example. The company collects information on the prescription drugs you buy. If… Continue Reading

Statistics for More Than 40 Demographic and Economic Topics Provide Detailed Profiles of Communities Nationwide

“The U.S. Census Bureau today released its most detailed look at America’s people, places and economy with new statistics on income, poverty, health insurance and more than 40 other topics from the American Community Survey. Many states saw an increase in income and a decrease in poverty rates between 2015 and 2016. During that same… Continue Reading

Income, Poverty and Health Insurance Coverage in the United States: 2016

“The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase in… Continue Reading

Paper – Who Owns the Wealth in Tax Havens?

Who owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality. Annette Alstadsæter, Niels Johannesen, Gabriel Zucman. NBER Working Paper 23805 “Drawing on newly published macroeconomic statistics, this paper estimates the amount of household wealth owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held… Continue Reading

Under EU General Data Protection Regulation large fines result from failure to protect consumer data

eSecurity Planet: “The massive Equifax breach that recently affected 143 million consumers would have led to hugely significant fines if the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, had already been in place. Under the new rules, organizations that fail to protect sensitive data can be fined up to… Continue Reading

CRS Reports – Responding to Major Disaster and Considerations Related to Hurricanes Harvey and Irma

Congressional Primer on Responding to Major Disasters and Emergencies, updated September 8, 2017 – “While the disaster response and recovery process is fundamentally a relationship between the federal government and the requesting state or tribal government, there are roles for congressional offices. For instance, congressional offices may help provide information to survivors on available federal… Continue Reading

Bloomberg – Why American Workers Pay Twice as Much in Taxes as Wealthy Investors

“…Politicians have intentionally set tax rates on wages much higher than those on long-term investment returns. The U.S. has a progressive tax system in the sense that well-paid workers sacrifice much more than poor workers on their “ordinary income.” But Americans with so-called unearned income—qualified dividends and long-term capital gains—get a break. A billionaire investor… Continue Reading