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Category Archives: Financial System

CRS – Can the Department of Defense Build the Border Wall?

Via FAS/Secrecy News: “If the President were to declare a national emergency in order to justify building a “wall” on the border with Mexico, there would be certain legal authorities that he could invoke to initiate construction operations. But the scope of those legal authorities is uncertain and would almost certainly trigger litigation to challenge their application, the Congressional Research Service said last week. “Whether these authorities — individually or in combination — extend to the construction of a border wall would present a reviewing court with several questions of first impression,” CRS said.

The Super-Secure Quantum Cable Hiding in the Holland Tunnel

Bloomberg – Banks and governments are testing quantum key distribution technology to guard their closest secrets: “Commuters inching through rush-hour traffic in the Holland Tunnel between Lower Manhattan and New Jersey don’t know it, but a technology likely to be the future of communication is being tested right outside their car windows. Running through the tunnel is… Continue Reading

Impact of Partial Federal Gov’t Shutdown on Legal Information

AALL: “As of midnight December 21, 2018, the President and Congress were unable to agree on the provisions of a Continuing Resolution (CR) to fund the federal government. As a result, a partial shutdown of some government operations now enters its fourth week. This is a politically dynamic event, and AALL continues to monitor federal… Continue Reading

Impact of Government Shutdown Across America

The New York Times – “In many parts of the United States, the shutdown has underscored how deeply the federal government is connected to everyday life. “From the start, it has seemed like the federal government shutdown with no end in sight. More than three weeks later, with Washington still gridlocked over President Trump’s demand… Continue Reading

The Simon Abundance Index: A New Way to Measure Availability of Resources

Cato Institute: “In this paper, we revisit the main points of contention in the debate regarding availability of resources and their relationship with population growth. Using the latest price data for 50 foundational commodities covering energy, food, materials, and metals, we propose a new way of measuring resource availability based on four concepts. First, the… Continue Reading

So You Automated Your Coworkers Out of a Job

Gizmodo: “…Inside many companies, automation doesn’t simply unfold as a top-down imperative. It can stem from random efficiency experiments or pilot programs initiated by employees who don’t always intend for their ideas to cascade into large-scale job loss. In some cases, management will ask a junior staff to spearhead an automation initiative (perhaps, some speculate,… Continue Reading

The Furloughed Federal Employee’s Guide to the 2019 Shutdown in D.C.

Washington City Paper – Apply for unemployment, apply for utility assistance, exercise, clean your closets, volunteer, shout your anger into a phone. “City Paper launched this as a guide for furloughed federal employees, but it has become a resource for many more people—especially the thousands who earn their living in government-adjacent careers, like taxi and… Continue Reading

Global Economic Prospects Darkening Skies

The World Bank: “Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial… Continue Reading

Will AI will displace 40 percent of world’s jobs in as soon as 15 years

CBS 60 Minutes report: “…In as soon as 15 years, 40 percent of the world’s jobs could be done by machines, according to one of the world’s foremost experts on artificial intelligence. Kai Fu Lee, a pioneer in AI and venture capitalist based in China makes this prediction in a Scott Pelley report about AI… Continue Reading

Trump’s Russia Cover-Up By the Numbers – 101 contacts with Russia-linked operatives

The Moscow Project – “…an initiative of the Center for American Progress Action Fund dedicated to analyzing the facts behind Trump’s collusion with Russia and communicating the findings to the public…” Last Updated January 9, 2018 On January 6, 2017, the U.S. intelligence community issued a report that showed there were two campaigns to elect… Continue Reading

What the President Could Do If He Declares a State of Emergency

The Atlantic – From seizing control of the internet to declaring martial law, President Trump may legally do all kinds of extraordinary things: “…It would be nice to think that America is protected from the worst excesses of Trump’s impulses by its democratic laws and institutions. After all, Trump can do only so much without… Continue Reading

Financial Technology: Agencies Should Provide Clarification on Lenders’ Use of Alternative Data

Financial Technology: Agencies Should Provide Clarification on Lenders’ Use of Alternative Data, GAO-19-111: Published: Dec 19, 2018. Publicly Released: Dec 19, 2018. “Financial technology—or “fintech”—can help connect lenders and borrowers online. Some fintech lenders told us that they use alternative data to help determine borrowers’ creditworthiness. For example, lenders may supplement traditional data (such as… Continue Reading