USAFacts: “The federal budget is a measure of how much the federal government spends and how much revenue it takes in. Typically, annual budgetary data is broken up into fiscal years, which run from October 1 to September 30. In fiscal year 2023, the US spent $6.16 trillion on public programs and generated $4.47 trillion… Continue Reading
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Category Archives: Economy
The world’s richest countries in 2024
The Economist [unpaywalled]: “Sorting countries into rich and poor can be difficult. Measures such as GDP are affected by population size (more people generally mean more output). But adjusting for population alone is not enough. Dollar income per person does not account for differences in prices between countries (a Big Mac, for example, will set… Continue Reading
A comprehensive list of 2024 tech layoffs
TechCrunch: “The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024.… Continue Reading
My journey into the surreal, infuriating future of homeowners insurance
Business Insider: “I take privacy and surveillance extremely seriously — so seriously that I started one of the leading think tanks on the topic, the Surveillance Technology Oversight Project. But while I study surveillance threats around the country for a living, I had no idea that my own insurance company was using my premium dollars… Continue Reading
We need to prepare for ‘addictive intelligence’
MIT Technology Review [unpaywalled] The allure of AI companions is hard to resist. Here’s how innovation in regulation can help protect people. “AI concerns overemphasize harms arising from subversion rather than seduction. Worries about AI often imagine doomsday scenarios where systems escape human control or even understanding. Short of those nightmares, there are nearer-term harms… Continue Reading
The olive oil wars
EDJNet – The European Data Journalism Network: “Italy convinced the world that it was the king of liquid gold by selling Spanish oil, but now Spain has appropriated ‘Made in Italy’. With 283 million olive trees, Spain dominates the global olive oil market: in the 2021/22 season, the last one before drought destroyed its harvest,… Continue Reading
Climate Deniers of the 118th Congress
“The Center for American Progress has periodically analyzed statements by sitting members of Congress to determine whether they deny the existence of human-caused climate change. This analysis of the 118th U.S. Congress found that 123 elected officials are climate deniers—23 percent of 535 total members. These 100 representatives and 23 senators wield significant influence on… Continue Reading
Snow Belt to Sun Belt Migration: End of an Era?
Leduc, Sylvain, and Daniel J. Wilson. 2024. “Snow Belt to Sun Belt Migration: End of an Era?” Federal Reserve Bank of San Francisco Working Paper July 18, 2024-21. https://doi.org/10.24148/wp2024-21 -“Internal migration has been cited as a key channel by which societies will adapt to climate change. We show in this paper that this process has… Continue Reading
Laid-off California tech workers are sick to death of LinkedIn
SFGate – Tech workers hate the Bay Area company’s site. But more than ever, they need it: “…Over the past few years, folks online have repeatedly called the platform a “cesspool,” whether in a viral TikTok video’s caption, a popular Reddit post or even on LinkedIn itself. (In fact, “cesspool” has swung into fashion as… Continue Reading
AI in Finance and Banking, July 31, 2024
Via LLRX – AI in Finance and Banking, July 31, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and… Continue Reading
Why Paper Checks Refuse to Die
The New York Times [unpaywalled] – “It’s hard to avoid hassle — or fraud — when you’re required to pay with paper and ink. Here’s why checks persist and why some people don’t mind…But if you haven’t used a check in years and consider it a badge of honor, that may say a lot about… Continue Reading
Why, Exactly, are Ultraprocessed Foods so Hard to Resist?
The New York Times [unpaywalled] – “This Study is Trying to Find Out….Ultraprocessed foods encompass a large range of foods and drinks that are made using methods and ingredients you wouldn’t typically use or find in a home kitchen. Sodas, processed meats and flavored yogurts are part of this category, as are most breakfast cereals,… Continue Reading
