“The American Bar Association Tort Trial and Insurance Practice Section (TIPS) and the National Urban League are collaborating with Thomson Reuters to promote financial literacy. The goal of the partnership is to promote economic empowerment by equipping individuals with the knowledge and tools needed to own their financial future. The project bolsters efforts to reach… Continue Reading
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Category Archives: Financial System
Generative AI Resources 2024
Via LLRX – Generative AI Resources 2024 – Referencing an article in this month’s Georgetown Law Technology Review, “…traditional AI algorithms normally operate by carrying out a specific function or completing a task using a data set that contains information on how that function or task has previously been done In other words, traditional AI is… Continue Reading
Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
IMF – “New AI Preparedness Index Dashboard tracks 174 economies based on their digital infrastructure, human capital, labor policies, innovation, integration and regulation, Giovanni Melina June 25, 2024. Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already… Continue Reading
US banks seek to open vendors’ black box on green data
Risk.net – Inaugural Fed climate scenario analysis flags lack of transparency around third-party models: “The US Federal Reserve and the country’s largest banks have had their differences, especially in recent months. But the regulator’s first ever climate scenario analysis has revealed a common cause: frustration over the climate risk models provided by third party vendors.… Continue Reading
Negative Emotions Fell Globally for the First Time Since 2014
“The world was beset by conflict in 2023 — as the war between Ukraine and Russia dragged on and a new one broke out between Israel and Hamas — but it was in a better place emotionally than it was at the height of the pandemic. Negative emotions dipped for the first time in a… Continue Reading
America in Facts 2024: A Data-Driven Report for Congress
“To create America in Facts 2024, USAFacts interviewed Congressional staff on their topics of interest and the challenges they face when using data. These interviews spanned the House of Representatives and the Senate, included Republicans and Democrats, and identified several topics that we used to inform this report. We hope that members of Congress and… Continue Reading
2024 Law Firm Climate Change Scorecard
Law Students for Climate Accountability: “We are delighted to announce the launch of our first-ever multinational report. Expanding upon our 2024 Law Firm Climate Change Scorecard, which grades the “Vault 100” firms according to their fossil fuels work, the full report includes additional U.K. and Irish firms as well as lessons from COP28 and recent… Continue Reading
Visualizing Americans’ Preferred Payment Methods
Visual Capitalist – Charted: America’s Shift to a Cashless Society: “A cashless society is one in which financial transactions are conducted primarily through digital means rather than physical cash, relying on technologies like credit cards and mobile payments. While no country today has fully reached this concept, there are some (like China and South Korea)… Continue Reading
Artificial Intelligence Is Making The Housing Crisis Worse
The Lever: “…Landlords are increasingly turning to private equity-backed artificial intelligence (AI) screening programs to help them select tenants, and resulting cases like Robinson’s are just the tip of the iceberg. The prevalence of incorrect, outdated, or misleading information in such reports is increasing costs and barriers to housing, according to a recent report from… Continue Reading
An elite handful of analysts, actuaries, and accountants have mastered Excel
The Verge – “…arguably the most important software in the business world. So what do they do in Vegas? They open a spreadsheet…Competitive Excel has been around for years, but only in a hobbyist way. Most of the people in this room full of actuaries, analysts, accountants, and investors play Excel the way I play… Continue Reading
Banks and Nonbanks Are Not Separate, but Interwoven
Liberty Street Economics: “In our previous post, we documented the significant growth of nonbank financial institutions (NBFIs) over the past decade, but also argued for and showed evidence of NBFIs’ dependence on banks for funding and liquidity support. In this post, we explain that the observed growth of NBFIs reflects banks optimally changing their business… Continue Reading
Clarence Thomas, the Gordon Gekko of the Supreme Court
Prevail: “There’s a scene in Wall Street where Michael Douglas’s Gordon Gekko is explaining to Charlie Sheen’s Bud Fox the difference between being rich and being rich. “I’m talking about liquid,” he says in the back of his limousine. “Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred… Continue Reading
