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FDIC Releases Report Detailing Supervision of the Former Signature Bank, New York, New York – April 28, 2023 “Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York, from 2017 until its failure in March …
Bank Regulation – GAO-23-106736 – Preliminary Review of Agency Actions Related to March 2023 Bank Failures – Report to the Committee on Financial Services, House of Representatives, April 2023. Released April 28, 2023: “Risky business strategies along with weak liquidity and risk management contributed to the recent failures of Silicon Valley Bank and Signature Bank. …
“Most Americans filed their taxes recently, not only providing the federal government with funds needed to operate but also providing the IRS (and ultimately the public) with important data about the reported amounts and sources of income, their number of dependents, and other factors that shape the distribution of financial means across the country. In …
Generative AI at Work, Erik Brynjolfsson, Danielle Li, and Lindsey R. Raymond. NBER Working Paper No. 31161 April 2023: “We study the staggered introduction of a generative AI-based conversational assistant using data from 5,179 customer support agents. Access to the tool increases productivity, as measured by issues resolved per hour, by 14 percent on average, …
Hughes S, Kirchhoff CJ, Conedera K, Friedman M (2023) The Municipal Drinking Water Database. PLOS Water 2(4): e0000081. https://doi.org/10.1371/journal.pwat.0000081 “Drinking water services in the U.S. are critical for public health and economic development but face technical, political, and administrative challenges. Understanding the root cause of these challenges and how to overcome them is hindered by …
reThink Trade: “An amazing research paper unearths how the tech industry invented the concept of digital trade and sold it to government officials. Progressive trade advocates continue to express confusion over the Biden administration’s trade policies. Despite a U.S. trade representative (USTR) in Katherine Tai who has prioritized a worker-centered trade vision that breaks with …
Cookson, J. Anthony and Fox, Corbin and Gil-Bazo, Javier and Imbet, Juan Felipe and Schiller, Christoph, Social Media as a Bank Run Catalyst (April 18, 2023). Available at SSRN: https://ssrn.com/abstract=4422754 or http://dx.doi.org/10.2139/ssrn.4422754 “Social media fueled a bank run on Silicon Valley Bank (SVB), and the effects were felt broadly in the U.S. banking industry. We …
“62% believe artificial intelligence will have a major impact on jobholders overall in the next 20 years, but far fewer think it will greatly affect them personally. People are generally wary and uncertain of AI being used in hiring and assessing workers. The rapid rise of ChatGPT and other artificial intelligence (AI) systems has prompted …
The Atlantic: “…Most Americans simply aren’t thinking about COVID with the same acuity they once did; the White House long ago zeroed in on hospitalizations and deaths as the measures to worry most about. And what was once outright denial of long COVID’s existence has morphed into something subtler: a creeping conviction, seeded by academics …
Plastic Recycling is an Actual Scam | Climate Town / YouTube Plastic Legislation to get involved with: Depending on where you live, there’s a lot you can do. NCSL Overview: https://www.ncsl.org/research/environ… Earth Day Plastic Action: https://www.earthday.org/act-on-plast… Cleveland Preemptive Ban: https://www.cleveland.com/open/2019/0… Nat Geo breakdown: https://www.nationalgeographic.com/en… CIF: https://www.clf.org/blog/the-truth-ab… WSJ: https://www.wsj.com/articles/plastic-… NRDC: https://www.nrdc.org/stories/single-u… Follow Climate Town on Instagram: …
Modern monetary theory:an explanation. Professor Richard Murphy. April 2023. Funding the Future. Formerly Tx Research UK. “Modern monetary theory (hereafter, MMT) is an explanation of the way in which money works in an economy. It also explains the consequent impact that the best use of money, using this understanding, might have on behaviour in that …
Salon: “As the climate crisis becomes more acute — exemplified in interminable wildfire “seasons”, intense drought and extreme weather — it’s becoming clear that saving the planet will involve more than politely asking consumers to recycle their yogurt cups. Indeed, many of climate change’s effects are largely spurred by resource hoarding and inequality via the …
