Category «Economy»

SEC is giving companies four days to report cyberattacks

Quartz: “The US Securities and Exchange Commission (SEC) wants public companies to be more transparent and forthcoming about “material cybersecurity incidents,” the federal agency said yesterday (July 26).  Its new rules, passed by a 3-2 vote, dictate companies must disclose details of incidents and their effect on the bottomline in a section of the Form …

Subjects: Cybersecurity, Economy, Financial System, Government Documents, Legal Research, Securities Law

Migration Into America’s Most Flood-Prone Areas More Than Doubled Since the Start of the Pandemic

Redfin News: “The most flood-prone U.S. counties saw 384,000 more people move in than out in 2021 and 2022—a 103% increase from the prior two years, when 189,000 more people moved in than out. The same trend took hold in the places most vulnerable to wildfires and heat as the pandemic homebuying boom and a …

Subjects: Climate Change, Economy, Environmental Law, Housing

What is the relation between climate change and violent conflicts?

German Foreign Office.: Climate & Conflict. What is the relation between climate change and violent conflicts? Which role do socio-economic scope conditions play in exacerbating climate impact? How can we allow analysts and policymaker to make better decisions — based on heterogenous, multi-faceted information sources?…we are currently investigating dynamic, data-driven hotspot detection as well as …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Knowledge Management

Artificial intelligence, job quality and inclusiveness

OECD Employment Outlook 2023: Artificial Intelligence and the Labour Market – Artificial intelligence, job quality and inclusiveness. Andrew Green Angelica Salvi del Pero Annelore Verhagen. OECD e-library. “For many workers, the effects of artificial intelligence (AI) will be visible not in terms of lost employment but through changes in the tasks they perform at work …

Subjects: AI, Economy, Education, Knowledge Management

Capital markets: The hidden pipeline for fossil fuel financing

“A new report – Capital markets: The hidden pipeline for fossil fuel financing by the Sierra Club’s Fossil-Free Finance campaign on the role of big US banks in capital markets reveals a hidden pipeline for fossil fuel financing through the banks’ underwriting of bonds and equities for polluting companies. The analysis raises important questions about …

Subjects: Climate Change, Economy, Energy, Environmental Law, Legal Research, Social Media

FedNow is finally live in the US

Tech Crunch: “The U.S. government’s instant payment system, FedNow Service, went live this week.  Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. As you …

Subjects: E-Government, Economy, Financial System

Study of Elite College Admissions Data Suggests Being Very Rich Is Its Own Qualification

The New York Times [free link]: “Elite colleges have long been filled with the children of the richest families: At Ivy League schools, one in six students has parents in the top 1 percent. A large new study, released Monday, shows that it has not been because these children had more impressive grades on average …

Subjects: Civil Liberties, Economy, Education, Financial System, Knowledge Management, Legal Research

Forrester’s Top 10 Emerging Technologies in 2023 and Beyond

Tech Republic: “In an expansive Forrester report on the top 10 emerging technologies of 2023, it comes as no surprise that generative AI tops the list, followed by autonomous workplace assistants and conversational AI. These three technologies “… are poised to deliver a return on investment soon,” which Forrester defines as less than two years. …

Subjects: AI, E-Commerce, Economy, Internet, Knowledge Management

IRS moves forward with a new free-file tax return system, supporters and critics mobilize

AP via PBS.org: “An IRS plan to test drive a new electronic free-file tax return system next year has got supporters and critics of the idea mobilizing to sway the public and Congress over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else …

Subjects: Economy, Financial System, Government Documents

GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models

WORKING PAPER – GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models. Tyna Eloundou, Sam Manning, Pamela Mishkin, and Daniel Rock. OpenAI, OpenResearch. University of Pennsylvania. March 27, 2023. “We investigate the potential implications of large language models (LLMs), such as Generative Pre-trained Transformers (GPTs), on the U.S. …

Subjects: AI, Economy, Education, Internet, Knowledge Management