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Category Archives: Financial System

2020 Report on the State of the Legal Market

“The Center on Ethics and the Legal Profession at the Georgetown University Law Center and Thomson Reuters Legal Executive Institute and Peer Monitor® are pleased to present the 2020 Report on the State of the Legal Market detailing our views of the dominant trends impacting the legal market in 2019 and key issues likely to influence the market in 2020 and beyond…”

47 countries witness surge in civil unrest – trend to continue in 2020

Political Risk Outlook 2020 – “The dramatic surge in protests in 2019 has swept up a quarter of countries in its tide and sent unprepared governments across all continents reeling. According to our latest data and forecasts, the turmoil is set to continue unabated in 2020. Our quarterly Civil Unrest Index reveals that over the… Continue Reading

GAO – Trump administration violated the law by withholding Ukraine aid

GAO – Office of Management and Budget—Withholding of Ukraine Security Assistance. B-331564: Jan 16, 2020. In the summer of 2019, the Office of Management and Budget (OMB) withheld from obligation funds appropriated to the Department of Defense (DOD) for security assistance to Ukraine. In order to withhold the funds, OMB issued a series of nine… Continue Reading

The Hidden Dangers of the Great Index Fund Takeover

Bloomberg:  The Big Three—BlackRock, Vanguard, and State Street—are the most important players in corporate America. Whether they like it or not. “If you hold a stock market index fund, congratulations. The S&P 500’s total return was a thumping 31.5% in 2019, and a fund that passively tracks that benchmark delivered almost all those gains, minus… Continue Reading

US Budgetary Costs and Obligations of Post-9/11 Wars through FY2020: $6.4 Trillion

Watson Institute, Neta C. Crawford – November 13, 2019: “Summary – Since late 2001, the United States has appropriated and is obligated to spend an estimated $6.4 Trillion through Fiscal Year 2020 in budgetary costs related to and caused by the post-9/11 wars—an estimated $5.4 Trillion in appropriations in current dollars and an additional minimum… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues January 12, 2020

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues January 12, 2020 – Privacy and security issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss, highlights articles and information that focus on the increasingly… Continue Reading

Book review: Blockchain and the Law: The Rule of Code

Joseph Savirimuthu, “Book review: Blockchain and the Law: The Rule of Code”, (2019) 16:1 SCRIPTed 95 https://script-ed.org/?p=3748 DOI: 10.2966/scrip.160119.95. Download PDF “Blockchains, distributed ledger technologies, bitcoins and peer-to-peer networks have reignited old debates and arguments about the implications of decentralisation for social, economic and political ordering. Blockchain and the Law: The Rule of Code sets… Continue Reading

The Case for an Institutionally Owned Knowledge Infrastructure

Inside Higher Education: The many bottlenecks that the commercial monopoly on research information has imposed are stimulating new strategies, write James W. Weis, Amy Brand and Joi Ito. “Science and technology are propelled forward by the sharing of knowledge. Yet despite their vital importance in today’s innovation-driven economy, our knowledge infrastructures have failed to scale… Continue Reading

ProPublica Database to Investigate Professors’ Conflicts of Interest

ProPublica: “When professors moonlight, the income may influence their research and policy views. Although most universities track this outside work, the records have rarely been accessible to the public, potentially obscuring conflicts of interests. That changed last month when ProPublica launched Dollars for Profs, an interactive database that, for the first time ever, allows you… Continue Reading

Elite Law Firms Are Quietly Outsourcing High-Value Functions

The American Lawyer: “Sullivan & Cromwell spends millions of dollars on technology, ensuring its equipment is accessible to its lawyers around the globe and that its digital security can keep clients safe. Chairman Joe Shenker, citing bank surveys, says the Wall Street firm’s tech costs per lawyer are higher than any of its peers. Still,… Continue Reading

An elegy for cash: the technology we might never replace

MIT Technology Review – Cash is gradually dying out. Will we ever have a digital alternative that offers the same mix of convenience and freedom? – “This is a feature of physical cash that payment cards and apps do not have: freedom. Called “bearer instruments,” banknotes and coins are presumed to be owned by whoever holds… Continue Reading