“The FBI on September 9 released its Cryptocurrency Fraud Report for 2023. In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit cryptocurrencies for all schemes, to include tech… Continue Reading
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Category Archives: Economy
One of the Nation’s Largest Auto Lenders Told Customers We’re Here to Help Then It Took Their Money and Their Cars
ProPublica: “…Exeter is one of the largest auto lenders in the nation, specializing in high-interest loans to people with histories of not paying bills or defaulting on debt, a practice known as subprime lending. The company, which has more than 500,000 active loans and a partnership agreement with CarMax, the country’s largest used car retailer,… Continue Reading
Nine AI Bills Pass US House Science, Space and Technology Committee
Science Committee Passes Nine Bills to Support the Advancement of Artificial Intelligence – September 11, 2024, the House Committee on Science, Space, and Technology passed nine bipartisan bills to ensure U.S. leadership in artificial intelligence (AI). The bills encompass a range of initiatives, including increased support for AI research and development and the promotion of AI… Continue Reading
MA only state to successfully cut food wasts
Washington Post: “Researchers studied the effect of five laws requiring supermarkets and restaurants to reduce waste, part of a broader effort to keep food out of landfills, where it contributes to climate change…Nearly every state-led effort to ban food waste analyzed by researchers appears to be failing — except one, according to a new study.… Continue Reading
Klobuchar and Warren want generative AI investigated before it kills journalism
“U.S. Senator Amy Klobuchar (D-MN), Chairwoman of the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, along with Senators Richard Blumenthal (D-CT), Mazie Hirono (D-HI), Dick Durbin (D-IL), Sheldon Whitehouse (D-RI), Tammy Duckworth (D-IL), Elizabeth Warren (D-MA), and Tina Smith (D-MN) sent a letter to Assistant Attorney General Jonathan Kanter and Federal Trade Commission… Continue Reading
Society at a Glance 2024 OECD Social Indicators
Society at a Glance 2024: OECD Social Indicators, the tenth edition of the biennial OECD overview of social indicators, addresses the growing demand for quantitative evidence on social well-being and its trends. The report features a special chapter on fertility trends which discusses evidence from recent OECD analysis on the effect of labour market outcomes,… Continue Reading
FHFA Releases Mortgage Loan and Natural Disaster Dashboard
“The Federal Housing Finance Agency (FHFA) released an online risk analysis tool [and a FAQ] that provides geographic estimates for physical risks from various types of natural disasters as well as nationwide data on housing and the mortgage market. The tool — known as the Mortgage Loan and Natural Disaster Dashboard — is intended to give… Continue Reading
Executive Excess 2024
Institute for Policy Studies – The “Low Wage 100” corporations are enriching CEOs at the expense of workers and long-term investment. Introduction Key findings Recommendations Social Toolkit Download full report At a time of intense political divisions, Americans across the political spectrum share enormous common ground on at least one problem facing our nation: the… Continue Reading
In Tied Presidential Race, Harris and Trump Have Contrasting Strengths, Weaknesses
“Ahead of the scheduled Sept. 10 presidential debate between Vice President Kamala Harris and former President Donald Trump, the presidential race is deadlocked. About half of registered voters (49%) say if the election were held today, they would vote for Harris, while an identical share say they would back Trump. With less than two months… Continue Reading
Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft
The Daily Hodl: “The eighth-largest bank in the US by total assets is accused of secretly collecting personal and financial information from its customers and sharing the data with tech giants. A new class-action lawsuit alleges Capital One engaged in an “outrageous, illegal, and widespread practice of disclosing – without consent – the Nonpublic Personal… Continue Reading
Imports make up growing share of U.S. fresh fruit and vegetable supply
USDA: “Imports play a vital and increasingly important role in ensuring that fresh fruit and vegetables are available year-round in the United States. Since the 2008 completion of the transition to tariff- and quota-free trade among Mexico, Canada, and the United States under the North American Free Trade Agreement (NAFTA), U.S. fresh fruit and vegetable… Continue Reading
Retailers Locked Up Their Products and Broke Shopping in America
Bloomberg no paywall: “…In retailers’ eyes it might be their best option, but it’s one that appears to be backfiring. Neil Saunders, managing director of the retail practice at the firm GlobalData, describes the locking up of merch as “a blunt instrument.” Several years into this experiment, the instrument’s outcomes are becoming clear: miserable workers,… Continue Reading
