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Category Archives: Economy

Over the Line: Asset Thresholds in Bank Regulation

CRS Report – Over the Line: Asset Thresholds in Bank Regulation, May 3, 2021: “As of December 31, 2020, there were over 5,000 banks in the United States. While certain kinds of banks may be similar to each other,the industry as a whole is made of up institutions that differ in a variety of ways, in some ways quite drastically. How concentrated a bank is in loan making, how concentrated that lending is in specific loan types or geographic markets, how many other financial services the bank provides, and how much risk it is willing to take on are just a few characteristics across which banks may differ significantly. Perhaps the most striking disparity across the industry is bank size, typically measured as the value of the assets a bank owns. Nearly a fifth of banks hold less than $100 million in assets, and the industry median is about $300 million. Meanwhile, the largest U.S. bank has over $3 trillion in assets, with three others over or near $2 trillion. Relative to large banks, small banks also tend to focus more on traditional commercial bank activities such as loan making and deposit taking; be less or not at all involved in other activities such as securities dealing and derivatives; have fewer resources to dedicate to regulatory compliance; and individually pose less or no risk to the stability of the financial system. For these reasons, there is general consensus that bank regulations should be tailored to account for bank differences, although questions over how much regulation should be tightened or relaxed for different groups of banks and to exactly which banks the changes should apply are matters of perennial debate..”

AI.gov, home of the National AI Initiative

“Welcome to AI.gov, home of the National AI Initiative and connection point to ongoing activities to advance U.S. leadership in AI. The National AI Initiative Act of 2020 became law on January 1, 2021, providing for a coordinated program across the entire Federal government to accelerate AI research and application for the Nation’s economic prosperity… Continue Reading

2021 Library Systems Report

American Libraries,  Marshall Breeding – Advancing library technologies in challenging times: “In a year complicated by a global pandemic, the community of vendors providing technologies to libraries made important strides to meet pressing needs and make ongoing progress in their longer-term initiatives. Though the pandemic disrupted library services—as well as funding—in 2020, concerted efforts were… Continue Reading

There’s more to cryptocurrency than Bitcoin: 5 other digital coins to consider

Tech Republic – “If you’ve put off learning about digital currencies, now is the time to get up to speed because the cryptocurrency bubble keeps getting bigger. Bitcoin is almost a household name now, as it has been around for more than 10 years. The cryptocurrency was created in 2009 via a white paper written… Continue Reading

Data overload is real

Fortune – “Do you suffer from data overload? This painful condition has skyrocketed as organizations have massively increased the amount of data they collect and then…well, that’s the question—what should you actually do with it? To talk this through, I reached out to Shari Littan, director of corporate reporting research and policy at the Institute of… Continue Reading

Reaching ‘Herd Immunity’ Is Unlikely in the U.S., Experts Now Believe

The New York Times – “Widely circulating coronavirus variants and persistent hesitancy about vaccines will keep the goal out of reach. The virus is here to stay, but vaccinating the most vulnerable may be enough to restore normalcy…Now, more than half of adults in the United States have been inoculated with at least one dose… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, May 2, 2021

Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, May 2, 2021 – 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… Continue Reading

Where Should You Buy Your Books?

The New York Times – Where Should You Buy Your Books? “Bookstore or Amazon? Curbside pickup or delivery? We answer common questions readers might have.  The last year has seen expanded options for buying books online, as more bookstores have developed websites, and e-commerce sites like Bookshop.org gain traction. But massive retailers like Amazon continue… Continue Reading

Study – Deadly air pollutant ‘disproportionately and systematically’ harms Americans of color

Washington Post – “Nearly every source of the nation’s most pervasive and deadly air pollutant disproportionately affects Americans of color, regardless of their state or income level, according to a study published Wednesday. The analysis of fine-particle matter, which includes soot, shows how decisions made decades ago about where to build highways and industrial plants… Continue Reading

Computerization, Obsolescense, and the Length of Working Life

NBER – Péter Hudomiet & Robert J. Willis. Working Paper 28701 DOI 10.3386/w28701. Issue Date April 2021 – “This paper analyzes how computerization affected the labor market outcomes of older workers between 1984 and 2017. Using the computerization supplements of the Current Population Survey (CPS) we show that different occupations were computerized at different times, older… Continue Reading

Employers Eager for Return to Workplace, Survey Says Employees Disagree

limeade: “Bellevue, Wash., April 27, 2021 – Today, the Limeade Institute released a global study, Employee Care: Defining the New Normal. The study delves into the current state of the employee experience, the level of care employees feel at this critical time and employee sentiment around how companies are planning to transition into the workplace… Continue Reading