The Consumer Financial Protection Bureau (CFPB) today published an order establishing supervisory authority over Google Payment Corp. The CFPB is responsible for supervising a wide range of financial firms to ensure they are complying with federal consumer financial protection laws. The CFPB has supervised nonbank entities in certain industries like mortgage and payday lending, service… Continue Reading
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Category Archives: Economy
Best Business Journalism of the Year
Bloomberg: “In Catholicism, envy is one of the seven deadly sins. In professional journalism, it’s a virtue, albeit too seldomly expressed. Which is why every year, Bloomberg Businessweek commits this cardinal act for all to witness, with our annual Jealousy List. Below, we’ve asked our editors and contributors to identify that one story in 2024… Continue Reading
FBI releases PSA warning about all the ways that cybercriminials are using AI to commit fraud
Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud – The FBI is warning the public that criminals exploit generative artificial intelligence (AI) to commit fraud on a larger scale which increases the believability of their schemes. Generative AI reduces the time and effort criminals must expend to deceive their targets. Generative AI takes what… Continue Reading
CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies
“The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies and make sure that people’s financial data such as income is… Continue Reading
Social Security Faces a Crisis, but Sound Tax Policy Can Help
Bloomberg Tax: “Social Security, one of the most successful anti-poverty programs in US history, faces a funding crisis by 2035. Raising taxes on upper-income earners and including investment income in the taxable base for Social Security would be practical and politically plausible solutions ahead of this deadline. The economic stability offered by the Social Security… Continue Reading
AI is transforming the world of work, are we ready for it?
FT.com YouTube [free to view] – Generative AI is set to reshape the workplace. Business leaders in all sectors are eager to adopt AI tools to increase the productivity and efficiency of their workforces. With the technology changing so rapidly and the many uncertainties it brings, are businesses truly ready for it? Continue Reading
Tracking Indoor Location, Movement and Desk Occupancy in the Workplace
Cracked Labs. Case study “Tracking Indoor Location, Movement and Desk Occupancy in the Workplace” – “As offices, buildings and other corporate facilities become networked environments, there is a growing desire among employers to exploit data gathered from their existing digital infrastructure or additional sensors for various purposes. Whether intentionally or as a byproduct, this includes… Continue Reading
Water Conflict Chronology
Citation: Pacific Institute (2024) Water Conflict Chronology. Pacific Institute, Oakland, CA. https://www.worldwater.org/water-conflict/ – “In an ongoing effort to understand the connections between water resources, water systems, and international security and conflict, the Pacific Institute initiated a project in the late 1980s to track and categorize events related to water and conflict, which has been continuously… Continue Reading
America’s Rare Earth Problem Could Be Solved With Literal Trash
Gizmodo – Rare earth elements are crucial to many technologies, and scientists say the U.S. could boost extraction from domestic reserves by as much as eight times the current level. How great would it be if we could extract resources from our waste products? Or even better, raise them from the ashes? Scientists in the… Continue Reading
527 Explorer
ProPublica 527 Explorer – “Every year, hundreds of millions of dollars flow through political organizations known as 527s. These organizations are not regulated by the Federal Election Commission and are not subject to FEC-style restrictions on who can contribute or how much they can give, though donations are not tax deductible. These groups are spending… Continue Reading
Want to donate to charity? Here are 10 guidelines for giving effectively
Vox: “Giving to charity is great, not just for the recipients but for the givers, too. But it can be intimidating to know how to pick the best charity when there are thousands of worthy causes to choose from, and especially when so many are suffering around the world. Yet that suffering makes it all… Continue Reading
Judicial Remedies To Restore Competition in the Market for General Search
Yale Tobin Center for Public Policy. Judicial Remedies To Restore Lost Competition in the Market for General Search. September 4, 2024 (Working Draft). by Fiona Scott Morton, David Dinielli, Alissa Cooper, Gene Kimmelman, Margaret O’Grady. “The Trial – Last month, a United States federal judge found Google (today known as “Alphabet”) liable for illegal monopolization… Continue Reading
