TechDirt: “There are two major reasons that the U.S. doesn’t pass an internet-era privacy law or regulate data brokers despite a parade of dangerous scandals. One, lobbied by a vast web of interconnected industries with unlimited budgets, Congress is too corrupt to do its job. Two, the U.S. government is disincentivized to do anything because it exploits… Continue Reading
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Category Archives: Financial System
State of the Union
USA Facts: In Numbers – A nonpartisan, data-driven snapshot of the state of our union. “Article II of the US Constitution mandates that the president periodically inform Congress about the “state of the union,” including budget reports and legislative proposals. It is also a chance for the president to review their achievements, with not just… Continue Reading
LLRX February 2024 Issue
Articles and Columns for February 2024 Scam Baiting: An Innovative Approach to Combating Online Fraud – Kyra Strick AI in Banking and Finance, February 29, 2024 – Sabrina I. Pacifici Toward a durable, dictator-proof Washington Post – David H. Rothman What Happens to Your Sensitive Data When a Data Broker Goes Bankrupt? – Jon Keegan Publishing… Continue Reading
AI in Banking and Finance February 29, 2024
Via LLRX – AI in Banking and Finance February 29, 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,… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, March 2, 2024
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, March 2, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on… Continue Reading
Toward a durable, dictator-proof Washington Post
Via LLRX – Toward a durable, dictator-proof Washington Post – David H. Rothman’s timely, outside the box commentary addresses the growing wave of news outlets abruptly closing down their websites, laying off staff, and in some cases, eliminating access to their respective archives. Rothman proposes an alternative to “how do I charge them enough” to… Continue Reading
Corporate Tax Avoidance in the First Five Years of the Trump Tax Law
Institute on Taxation and Economic Policy: ” Download report data here – Executive Summary: “The tax overhaul signed into law by former President Donald Trump in 2017 cut the federal corporate income tax rate from 35 percent to 21 percent, but during the first five years it has been in effect, most profitable corporations paid considerably… Continue Reading
Amazon’s Big Secret
The Atlantic [unpaywalled] – “…Nearly 30 years after the company was founded, we still don’t really know where its profits come from. The answer will loom large in the antitrust case against it. Under SEC rules, public corporations must file quarterly reports disclosing revenue, expenses, profits, and other metrics. Initially, only company-wide data were required.… Continue Reading
How to Keep Your Loved Ones Safe From Financial Scams
Wired: “…So what can we do to help our elderly and vulnerable, who are the targets of scams and morally dubious business practices? I spoke with Genevieve Waterman from the National Council on Aging (NCOA), an expert on financial education among older adults. She was quick to point out that pushy salespeople often use the… Continue Reading
Why Law Firms Could Be Private Equity’s Next Conquest
Forbes [no paywall]: “Law firms are a lucrative $400 billion market that has long been shielded from outside ownership. In search of fresh turf, buyout firms may soon be hunting among the gray flannel suits…Considering that the buyout business has ballooned to more than 4,000 firms competing for deals, law could represent a new, fertile… Continue Reading
New York judge rebukes law firm for using ChatGPT to justify its fees
FT.com [unpaywalled]: “A New York judge has scolded a law firm for citing ChatGPT to support its application for “excessive” attorneys’ fees of up to $600 an hour. The Cuddy Law Firm had invoked the predictive artificial intelligence tool in a declaration to the court over a case it won against the city’s education department.… Continue Reading
Pete Recommends – Weekly highlights on cyber security issues, February 17, 2024
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, February 17, 2024 -Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the… Continue Reading
