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Category Archives: Economy

FTC Findings on Commercial Surveillance Can Lead to Better Alternatives

EFF: “On September 19, the FTC published a staff report following a multi-year investigation of nine social media and video streaming companies. The report found a myriad of privacy violations to consumers stemming largely from the ad-revenue based business models of companies including Facebook, YouTube, and X (formerly Twitter) which prompted unbridled consumer surveillance practices. In addition to these findings, the FTC points out various ways in which user data can be weaponized to lock out competitors and dominate the respective markets of these companies. The report finds that market dominance can be established and expanded by acquisition and maintenance of user data, creating an unfair advantage and preventing new market entrants from fairly competing. EFF has found that  this is not only true for new entrants who wish to compete by similarly siphoning off large amounts of user data, but also for consumer-friendly companies who carve out a niche by refusing to play the game of dominance-through-surveillance. Abusing user data in an anti-competitive manner means users may not even learn of alternatives who have their best interests, rather than the best interests of the company advertising partners, in mind…”

Stunning photos of a vast e-waste dumping ground and those who make a living off it

NPR – “…For years, a site called Agbogbloshie in Accra was one of the largest e-waste processing sites in Africa, getting 15,000 tons of discarded phones, computers and other used electronics each year. Many Western media outlets depicted the site as a public health and environmental tragedy, rife with toxic chemicals that leach into the… Continue Reading

Why are Red State Citizens Poorer, Less Educated & Sicker than Blue State Citizens?

Hartmann Report – “Republicans worship cheap labor — and having a steady and reliable supply of cheap labor requires widespread poverty… We must not confuse statistical probability with some transcendental and utterly compelling force. — Unspiek, Baron Bodissey One of the enduring mysteries of America is why the citizens of Red states are generally poorer,… Continue Reading

Trump would add twice as much to national debt as Harris

US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget – The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural deficits, surging interest payments, and the looming insolvency of critical trust fund programs. Our large and growing national debt threatens to slow economic growth,… Continue Reading

Financial Institutions Net Zero Tracker

World Resources Institute: “Banks have made headlines in recent years for committing to reach “net-zero emissions” by 2050 and pledging to mobilize trillions of dollars in the fight against climate change. Indeed, banks will play an important role in halting global warming: Companies rely on them to help finance the zero- and low-carbon technologies and… Continue Reading

The Rapid Adoption of Generative AI

NBER – The Rapid Adoption of Generative AI. Alexander Bick. Adam Blandin & David J. Deming. Working Paper 32966. DOI 10.3386/w32966. Issue Date September 2024. Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the… Continue Reading

IRS free tax filing will be available in 24 states for the 2025 season — here’s who can use it

CNBC: “Next year, more than 30 million Americans in 24 states will be eligible for Direct File, the IRS’ free tax filing program, the agency and U.S. Department of the Treasury announced on Thursday. The Direct File pilot was open to limited taxpayers in 12 states for the 2024 filing season, including Arizona, California, Florida,… Continue Reading

Zillow introduces First Street’s comprehensive climate risk data on for-sale listings across the US

“Zillow® is introducing climate risk data, provided by First Street, the standard for climate risk financial modeling, on for-sale property listings across the U.S. Home shoppers will gain insights into five key risks—flood, wildfire, wind, heat and air quality—directly from listing pages, complete with risk scores, interactive maps and insurance requirements. With more than 80%… Continue Reading

Flood Risk Outside Flood Zones – A Look at Mortgage Lending in Risky Areas

Liberty Street Economics. September 25, 2024. Flood Risk Outside Flood Zones — A Look at Mortgage Lending in Risky Areas Kristian Blickle, Evan Perry, and João A.C. Santos. In support of the National Flood Insurance Program (NFIP), the Federal Emergency Management Agency (FEMA) creates flood maps that indicate areas with high flood risk, where mortgage… Continue Reading

2024 Link Guide to Employment Resources

Via LLRX – 2024 Link Guide to Employment Resources – This is employment resources guide by Marcus P. Zillman spans multiple sectors, sources in the private and public sectors, on-site and remote work, job search engines, resume building resources, identifying job titles and respective skill requirements, and is inclusive of a focus on new job seekers… Continue Reading