MIT Technology Review – “Two books explore the price we’ve paid in handing over unprecedented power to Big Tech—and explain why it’s imperative we start taking it back. The internet loves a good neologism, especially if it can capture a purported vibe shift or explain a new trend. In 2013, the columnist Adrian Wooldridge coined… Continue Reading
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Category Archives: Financial System
Inescapable AI
A Report from TechTonic Justice – Inescapable AI The Ways AI Decides How Low-Income People Work, Live, Learn, and Survive – “The use of artificial intelligence, or AI, by governments, landlords, employers, and other powerful private interests restricts the opportunities of low-income people in every basic aspect of life: at home, at work, in school,… Continue Reading
Trump Advisers Seek to Shrink or Eliminate Bank Regulators
WSJ via MSN – Trump Advisers Seek to Shrink or Eliminate Bank Regulators – “The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington. In recent interviews with potential nominees to lead bank regulatory agencies, Trump advisers and officials from his newfound Department of… Continue Reading
How Wall Street Billionaires Avoid Paying Medicare Taxes
ProPublica – Reporting Highlights Tax Dodge: Most working Americans have to pay Medicare taxes, but some of the richest figures on Wall Street have found a way to opt out, a ProPublica investigation found. Accidental Loophole: Nearly 50 years ago, Congress tried to fix one financial abuse but unwittingly created an obscure loophole that these… Continue Reading
The Origin of Delay, Deny, Defend
Kottke: “The Origin of Delay, Deny, Defend – In the wake of the murder of UnitedHealthcare’s CEO, a book published in 2010 by Rutgers Law professor Jay Feinman has hit the bestseller charts: Delay, Deny, Defend: Why Insurance Companies Don’t Pay Claims and What You Can Do About It. The book’s title is a reference to… Continue Reading
The short-term impact of AI adoption on firm productivity
Toronto Metropolitan University – The Dais – Waiting For Takeoff, December 2024: “Executive Summary – Artificial intelligence (AI) is the most discussed technology of recent years. Advocates promise that it will help overcome productivity challenges and radically transform the economy through increased wage gains and higher economic output, among other benefits. This conversation about the… Continue Reading
Dow Jones negotiates AI usage agreements with nearly 4,000 news publishers
NiemanLab: “…Last month, Factiva announced it had signed generative AI usage agreements with nearly 4,000 publishers around the world. The agreements are for the business intelligence platform and news database, which houses articles by online outlets, newspapers, magazines, and transcripts of radio shows. Among the thousands of publishers who signed the agreements are The Associated… Continue Reading
CREAT: Census Research Exploration and Analysis Tool
The Census Research Exploration and Analysis Tool CREAT is a data tool from the Center for Economic Studies (CES) at the US Census Bureau that uses natural language processing and artificial intelligence tools to analyze, categorize, and sort the economic research contained in the CES working paper series. The goal of this project is to… Continue Reading
Everybody Loves FRED: How America Fell for a Data Tool
The New York Times [gift article] – “From Facebook political debates to college classrooms, the St. Louis Fed’s data tool has gained a major following. Fans post about him on social media. Swag bearing his name sells out on the regular. College professors dedicate class sessions and textbook sections to him. Foreign government officials have… Continue Reading
Find out why your health insurer denied your claim
ProPublica’s Claim File Helper lets you customize a letter requesting the notes and documents your insurer used when deciding to deny you coverage. Get your claim file before submitting an appeal. What’s a Claim File? Why Should I Request One? A claim file is a collection of the information your insurer used to decide whether… Continue Reading
CFPB Orders Federal Supervision of Google Following Contested Designation
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
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
