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“The commuter parking benefit results in $7.3 billion in forgone revenue annually while also increasing traffic congestion in our most congested cities, according to a new report, Subsidizing Traffic Congestion: The Multibillion-Dollar Tax Subsidy That’s Making Your Commute Worse, released by the civic organizations TransitCenter and Frontier Group. The report also found that the $1.3 …
The Decoupling Effect of Digital Disruptors by Thales S. Teixeira and Peter Jamieson, November 21, 2014. Harvard Business School Working Paper. “While the Internet’s first wave of disruption was marked by the unbundling of digital content, the second wave, decoupling, promises to generate more casualties in an even broader array of industries. Digital start-ups are disrupting …
Flood, Mark D. and Goodenough, Oliver R., Contract as Automaton: The Computational Representation of Financial Agreements (December 16, 2014). Available at SSRN: http://ssrn.com/abstract=2538224 or http://dx.doi.org/10.2139/ssrn.2538224 “We show that the fundamental legal structure of a well written financial contract follows a state-transition logic that can be formalized mathematically as a finite-state machine (a.k.a. finite-state automaton). The automaton …
“The Federal Open Market Committee (FOMC) authorizes the Federal Reserve Bank of New York to conduct a series of overnight reverse repurchase operations involving U.S. government securities for the purpose of further assessing the appropriate structure of such operations in supporting the implementation of monetary policy during normalization. The reverse repurchase operations authorized by this resolution shall be (i) conducted at an offering rate that …
U.S. Customs and Border Protection’s Unmanned Aircraft System Program Does Not Achieve Intended Results or Recognize All Costs of Operations, December 24, 2014 OIG-15-17. “Although CBP’s Unmanned Aircraft System program contributes to border security, after 8 years, CBP cannot prove that the program is effective because it has not developed performance measures. The program has also not achieved the expected results. Specifically, the unmanned aircraft …
Freedom on the Net 2014 – the fifth annual comprehensive study of internet freedom around the globe, covering developments in 65 countries that occurred between May 2013 and May 2014 –finds internet freedom around the world in decline for the fourth consecutive year, with 36 out of 65 countries assessed in the report experiencing a negative …
EPIC: “In a speech at the CES conference this week, FTC Chair Edith Ramirez warned of the privacy risks of connected home devices. “In the not-too-distant future, many, if not most, aspects of our everyday lives will be digitally observed and stored,” Ramirez said. EPIC has written extensively on interconnected devices, known as the “Internet …
“As a direct result of customer feedback, the U.S. Census Bureau recently updated two key tools oncensus.gov with new features to make accessing statistics easier than ever before. With an improved search feature generating better results on census.gov, users can discover a wealth of information and visualizations just by typing key words, such as “median income,” …
“More than 2,200 people die from alcohol poisoning each year in the United States – an average of six deaths each day – according to a new Vital Signs report from the Centers for Disease Control and Prevention. Three in four alcohol poisoning deaths involve adults ages 35-64 years, and most deaths occur among men and …
