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
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Category Archives: Financial System
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
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
Supreme Connections
ProPublica: “Every year, the Supreme Court’s nine justices fill out a form that discloses their financial connections to companies and people. Using our new database, you can now search for organizations and people that have paid the justices, reimbursed them for travel, given them gifts and more.” Data is also searchable using specific data: Most… Continue Reading
Our World in Data
Research and data to make progress against the world’s largest problems – “Poverty, disease, hunger, climate change, war, existential risks, and inequality: The world faces many great and terrifying problems. It is these large problems that our work at Our World in Data focuses on. Thanks to the work of thousands of researchers around the… Continue Reading
Breaking Up the Giants of Harm
Breaking Up the Giants of Harm. To protect democracy and have a resilient economy, we must tackle corporate power. Again. “Governments and economic regulators have, since the 1980s, turned a blind eye to a handful of giant companies steadily gaining chokeholds in global markets. Banking, agriculture, digital technology, publishing, music, pharmaceuticals and more are dominated… Continue Reading
Warren Leads Senate Response to End of Chevron Doctrine
Truthout: “A group of senators led by Sen. Elizabeth Warren (D-Massachusetts) has introduced a bill to combat the Supreme Court’s seismic pro-corporate decision last month to overturn a precedent known as Chevron deference that has enabled federal agencies to issue regulations for decades. Ten senators joined Warren on Tuesday in introducing the bill that would… Continue Reading
Ryanair Wins Legal Case Against Booking.Com Over Screen Scraping & Reselling Tickets
Bloomberg via MSN: “Ryanair, a major player in European aviation, has won a case in the US court against Booking.com, one of the world’s largest online travel agencies. The US court has ruled that the Dutch agency violated the Computer Fraud and Abuse Act by accessing the Ryanair website without permission. Court documents identified that… Continue Reading
Donald Trump wants to reinstate a spoils system in federal government by hiring political loyalists regardless of competence
Via LLRX – Donald Trump wants to reinstate a spoils system in federal government by hiring political loyalists regardless of competence – If elected to serve a second term, Donald Trump says he supports a spoils system, a plan that would give him the authority to fire as many as 50,000 civil servants and replace them… Continue Reading
US financial regulators, banks, industry groups remain cautious on Supreme Court’s “Chevron” deference ruling
Thomson Reuters: “The Supreme Court’s recent decision that overturns the decades-old “Chevron deference” doctrine will likely have an enormous impact on the financial industry, and only time will tell how it fully plays out US financial institutions, the regulators who oversee them, and the industry groups that advocate for them have largely maintained a curious… Continue Reading
How a little-known tool is sweeping the real estate industry by giving instant access to vast amounts of homebuyer data
The Record: “…Forewarn is primarily marketed to and used by the real estate industry, and it has been penetrating that market at a rapid clip. Although some real estate agents say the financial information it returns saves time when finding clients most likely to have the budget for the houses they’re looking at, most agents… Continue Reading
