Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

California – carpooling via all ride-share services illegal

Dara Kerr: “California regulators have sent warning letters to Uber, Lyft and Sidecar to say that their new carpool features are illegal. Sidecar revealed Thursday that it received the letter from the California Public Utilities Commission, which said the ride-sharing service was breaking the law by testing its new Shared Rides, or carpool, feature. A Lyft spokesperson told CNET that it too received a similar letter. Initially, Uber told CNET that it didn’t get the letter but now the company says it was indeed contacted by the CPUC. The CPUC also confirmed with CNET that it sent two copies of the letter to Uber — one to company CEO Travis Kalanick and one to Chairman Garrett Camp — on September 8.”

Nations Trying to Stop Their Citizens From Going to Middle East to Fight for ISIS – NYT

Somini Sengupta: “Lawmakers around the world are debating laws intended to stop citizens from going abroad to fight, and to punish them if they do…France wants more power to block its citizens from leaving the country, while Britain is weighing whether to stop more of its citizens from coming home. Tunisia is debating measures to makeContinue Reading

Bridging the Disconnect – New York City is facing a youth unemployment crisis

“New York City is facing a youth employment crisis, with unprecedented numbers of young people reaching adulthood without the skills or experiences to secure career-track jobs that pay a living wage. Since 2000, the percentage of 16 to 24 year olds across the five boroughs participating in the labor market has fallen from 45 percentContinue Reading

Federal Open Payments Database Tracking Pharma Arriving September 30

KFF – Shefali Luthra: “Despite technical glitches, the federal “Open Payments” database – which tracks pharmaceutical company contributions to doctors and teaching hospitals – remains on track for its scheduled Sept. 30 launch, the Centers for Medicare and Medicaid Services confirmed. It was mandated by a sunshine act included in the federal health law seeking to ease concerns that pharmaceuticalContinue Reading

An Energy and Sustainability Roadmap for West Virginia

Van Nostrand, James M, An Energy and Sustainability Roadmap for West Virginia (2013). West Virginia Law Review, Vol. 115, No. 3, 2013. Available for download at SSRN: http://ssrn.com/abstract=2495555 “This article explores the measures that West Virginia policymakers can take to position the state for a more sustainable energy future. Throughout its history, energy resources have beenContinue Reading

Treasure Map: The NSA Breach of Telekom and Other German Firms

Spiegel Online - Andy Müller-Maguhn, Laura Poitras, Marcel Rosenbach and Michael Sontheimer:  [Treaure Map] “is the mandate for a massive raid on the digital world. It aims to map the Internet, and not just the large traffic channels, such as telecommunications cables. It also seeks to identify the devices across which our data flows, so-called routers. Furthermore, every single endContinue Reading

Radical Librarianship: how ninja librarians are ensuring patrons’ electronic privacy

Via Boing Boing, by Alison Macrina and April Glaser: “Librarians in Massachusetts are working to give their patrons a chance to opt-out of pervasive surveillance. Partnering with the ACLU of Massachusetts, area librarians have been teaching and taking workshops on how freedom of speech and the right to privacy are compromised by the surveillance of onlineContinue Reading

The Astonishing Story of the Federal Reserve on 9-11

Daily Koz, ‘Arliss Bunny‘: “It is impossible for me to begin to write anything about the events of 9-11 without first bowing my head and taking a moment of silence in remembrance of all those who died and the grief which still lives on in the soul of our nation. Since I will be writingContinue Reading

Fund Flow Betas and the Cross-Section of Stock Returns

Duan, Yaxin, Fund Flow Betas and the Cross-Section of Stock Returns (August 8, 2014). Available for download at SSRN: http://ssrn.com/abstract=2478033 “I document a robust new fact about the cross-section of stock returns: stocks whose returns co-vary more with flows into the entire mutual fund sector earn significantly higher average returns. I consider three potential explanations forContinue Reading

Fat Tails and Euler Equations: A Monte Carlo Study

Toda, Alexis Akira and Walsh, Kieran James, Fat Tails and Euler Equations: A Monte Carlo Study (September 11, 2014). Available  for download at SSRN: http://ssrn.com/abstract=2495151 “The Euler equation estimation of heterogeneous-agent consumption-based asset pricing models is challenging because the cross-sectional consumption distribution may have fat tails and is measured with error. We generate asset returns andContinue Reading

Exploring the Future of Payment Security – CDT

CDT – “For anyone that has traveled or lived abroad, you’ve probably noticed that most of the rest of the world has chips in their credit cards. These chips are soon coming to the United States (some are already here, and many retailers will have chip card readers in place by October 2015), and theyContinue Reading

iPhone Takes a Bite of the Mobile Card Payment Apple – Fitch

Fitch Ratings-New York-11 September 2014 [All opinions expressed are those of Fitch Ratings.]: Tuesday’s unveiling of Apple Pay is widely expected to further bolster growth of the evolving mobile payments landscape. Apple may be better positioned to succeed where other institutions have had limited success given the company’s financial resources and history of strong newContinue Reading