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Author Archives: Sabrina I. Pacifici

Americans work more hours than counterparts around the world – OECD

WSJ.com, Erin McCarthy – ‘The U.S. needs to focus on improving well-being more broadly for its citizens, particularly as long working hours and stark income inequality are hindering quality of life, the Organization for Economic Co-operation and Development  said in its recent economic survey of the U.S. [OECD Economic Surveys: United States 2014]. It highlighted a notable divide… Continue Reading

How a Bitcoin Rival Could Create a Global Supermoney – American Banker

American Banker, Richard Samson – [Editor’s note: This article is based in part on SUPERMONEY: The New Wealth Beyond Banks and Bitcoin, which appears on Samson’s Futurist blog published by the World Future Society.]  While Bitcoin grabs headlines, a little-noted rival promises to supercharge all currencies old and new, fiat and cyber. An open-source programming system… Continue Reading

Facebook Experiments Had Few Limits – WSJ

Follow up to previous posting – Facebook tinkered with users’ feeds for a massive psychology experiment – Study, via WSJ.com – Facebook Experiments Had Few Limits, Data Science Lab Conducted Tests on Users With Little Oversight: Reed Albergotti – “Since its creation in 2007, Facebook’s Data Science group has run hundreds of tests. One published study deconstructed how… Continue Reading

Is Your Android Device Telling the World Where You’ve Been? – EFF

“Do you own an Android device? Is it less than three years old? If so, then when your phone’s screen is off and it’s not connected to a Wi-Fi network, there’s a high risk that it is broadcasting your location history to anyone within Wi-Fi range that wants to listen. This location history comes in the… Continue Reading

New Chinese LDR Rules Could Raise Bank Asset Quality Risk

Fitch news release: “Fitch Ratings-Beijing/Singapore-03 July 2014: The 30 June decision by the China Banking Regulatory Commission (CBRC) to amend the calculation of bank loan/deposit ratios (LDRs) is part of an ongoing targeted easing of liquidity conditions. Spurring growth of lending to small/micro enterprises (MSEs) has the potential to hurt bank credit profiles over the… Continue Reading

Utah Is on Track to End Homelessness by 2015 With This One Simple Idea

Via NationSwell – “Utah has reduced its rate of chronic homelessness by 74 percent over the past eight years, moving 2000 people off the street and putting the state on track to eradicate homelessness altogether by 2015. How’d they do it? The state is giving away apartments, no strings attached. In 2005, Utah calculated the annual… Continue Reading

EPIC Challenges Facebook’s Manipulation of Users, Files FTC Complaint

“EPIC has filed a formal complaint to the Federal Trade Commission concerning Facebook’s manipulation of users’ News Feeds for psychological research. “The company purposefully messed with people’s minds,” states the EPIC complaint. EPIC has charged that the study violates a privacy consent order and is a deceptive trade practice. In 2012, Facebook subjected 700,000 users to an “emotional”… Continue Reading

The Double Edged Sword of Prison Video Visitation

Fulcher, Patrice A., The Double Edged Sword of Prison Video Visitation: Claiming to Keep Families Together While Furthering the Aims of the Prison Industrial Complex (April 30, 2014). Available at SSRN: http://ssrn.com/abstract=2461815 “Each year, the United States (“U.S.”) spends billions to house the country’s massive prison population. The need to board over 2.3 million incarcerated human… Continue Reading

Mapping a New Nation: Abel Buell’s Map of the United States, 1784

“On September 3, 1783, American and British representatives signed the Treaty of Paris that formally concluded the American Revolution and recognized the United States as an independent nation. In March 1784, only six months later, Abel Buell (1742–1822), an engraver from Connecticut, produced his New and Correct Map of the United States of North America, which,… Continue Reading

US overtakes Saudi Arabia as world’s largest producer of crude oil

Grant Smith, Bloomberg: ” The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11… Continue Reading