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Category Archives: Financial System

Where Is the U.S. Economy Headed: Soft Landing, Hard Landing, or Stagflation?

CRS Insight – Where Is the U.S. Economy Headed: Soft Landing, Hard Landing, or Stagflation?, June 28, 2022 : “The Economic Recovery So Far – The recovery from the 2020 recession was rapid through the first half of 2021, but the transition to moderate, sustainable economic growth has been choppy, with negative growth in the first quarter of 2022. Moreover, high inflation has complicated the path forward. Since March 2022, the annual change in the Consumer Price Index has been above 8%. To reduce inflation, the Federal Reserve (Fed) is raising the federal funds rate (a short-term interest rate) to reduce aggregate demand (total spending). Since March, the Fed has raised rates from a range of 0-0.25% to a range of 1.5-1.75%. This raises the question of how much demand needs to slow to restore low inflation. This Insight discusses three scenarios for what might come next—a soft landing, a hard landing, and stagflation.”

92 million US workers now have the opportunity to work remotely

The Verge: “58 percent of US workers now have the option to work where they want at least one day a week, while 35 percent can work remotely up to five days a week, according to a new survey conducted by management consulting company McKinsey. The report concludes that flexible work arrangements implemented in response… Continue Reading

Just 4% Of Employers Are Making Everyone Return To The Office Full-Time

Forbes: “…A new survey of human resources leaders from the Conference Board, a nonprofit business research group, finds that just 4% said they are requiring all employees to return to the workplace full-time. And less than half (45%) said they were requiring some workers to return to the office five days a week. “We were… Continue Reading

The Future of Corporate Criminal Liability: Watching the ESG Space

Nelson, J.S. (Josephine Sandler), The Future of Corporate Criminal Liability: Watching the ESG Space (January 15, 2022). J.S. Nelson, The Future of Corporate Criminal Liability: Watching the ESG Space, Available at SSRN: https://ssrn.com/abstract=4057736 or http://dx.doi.org/10.2139/ssrn.4057736 “The future of corporate criminal liability in the U.S. and around the world may be for failure to adequately act… Continue Reading

What Makes Data Personal?

Montagnani, Maria Lillà and Verstraete, Mark, What Makes Data Personal? (June 4, 2022). UC Davis Law Review, Vol. 56, No. 3, Forthcoming 2023, Available at SSRN: https://ssrn.com/abstract=4128080 or http://dx.doi.org/10.2139/ssrn.4128080 “Personal data is an essential concept for information privacy law. Privacy’s boundaries are set by personal data: for a privacy violation to occur, personal data must… Continue Reading

The impact of technology on finance: A new eBook

VOXEU CEPR: “Recent cutting-edge technologies such as machine learning and artificial intelligence, as well as the expansion of FinTech and BigTech companies into finance, have accelerated the digitalisation of financial services. The fourth report [Download Technology and Finance, the 4th Future of Banking report, here. Darrell Duffie, Thierry Foucault, Laura Veldkamp, Xavier Vives 27 May… Continue Reading

Are blockchains decentralized? Unintended Centralities in Distributed Ledgers

A new Trail of Bits research report examines unintended centralities in distributed ledgers – “Blockchains can help push the boundaries of current technology in useful ways. However, to make good risk decisions involving exciting and innovative technologies, people need demonstrable facts that are arrived at through reproducible methods and open data. We believe the risks… Continue Reading

As traditional news use declines, online news isn’t making up the gap

Nieman Lab: ” The pandemic brought a bump in news consumption that now seems to be fading away, Oxford’s Reuters Institute for the Study of Journalism (RISJ) found in its 2022 Digital News Report, out this week. RISJ surveyed more than 90,000 people in 46 countries about their digital news consumption, and found evidence of… Continue Reading

Firefox rolls out Total Cookie Protection by default to all users worldwide

Mozilla Blog, June 14, 2022 – “Take back your privacy.  Starting today, Firefox is rolling out Total Cookie Protection by default to all Firefox users worldwide, making Firefox the most private and secure major browser available across Windows, Mac and Linux. Total Cookie Protection is Firefox’s strongest privacy protection to date, confining cookies to the… Continue Reading