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“After every major disaster, many homeowners are shocked to learn that their homeowners insurance fails to pay for their losses. The same is true in everyday events; a plumbing leak that causes thousands of dollars of damage may not be covered under homeowners insurance. The Rutgers Center for Risk and Responsibility at Rutgers Law aims …
Washington Post – “but you may have to work with it Artificial intelligence is increasingly making its way across industries, changing jobs from retail to medicine to marketing…Today, AI can power grocery store robots that change how stores get stocked, speed up vaccine production and generate creative ideas. But the latest advancements raise important questions …
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, March 18, 2023 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the …
Gizmodo: “In Meganets: How Digital Forces Beyond Our Control Commandeer Our Daily Lives and Inner Realities, David Auerbach argues the the distinctly modern feeling of a loss of control over our lives is the result of these new online forces. The vast influence of Facebook, Google, TikTok, and other tech giants is neither in the …
Graphic shows USA bank collapses this century to provide content to the scale of the recent SVB collapse. See also Bank financials, 1976–present See also Bloomberg – BofA Gets More Than $15 Billion in Deposits After SVB Fail. Customers seek safety in biggest banks seen as too big to fail. US government unleashed measures to …
The Verge: “LinkedIn is expanding its suite of artificial intelligence features, this time adding tools that will generate content for user profiles and job descriptions. One tool announced today will scan user profiles for skills and experiences and spit out suggested copy or summaries to add to other profile sections. The company says it still …
CNBC: Morgan Stanley is rolling out an advanced chatbot powered by OpenAI’s latest technology to help the bank’s army of financial advisors, CNBC has learned. The bank has been testing the artificial intelligence tool with 300 advisors and plans to roll it out widely in the coming months, according to Jeff McMillan, head of analytics …
Via Jeremy Singer-Vine / Data is Plural: “Bank financials, 1976–present. The Federal Financial Institutions Examination Council’s National Information Center “provides comprehensive financial and structure information on banks and other institutions for which the Federal Reserve has a supervisory, regulatory, or research interest.” Its datasets include quarterly financial statements for bank holding companies, going back to …
Credit Slips – Adam Levitin: “Silicon Valley Bank seems to have had large amounts of uninsured deposits from businesses and high net worth individuals. And those uninsured deposits are likely to be impaired in the receivership, meaning that they will not get paid 100 cents on the dollar whenever they do get paid. But here’s …
MIT Technology News: “Nearly 90% of the multibillion-dollar federal lobbying apparatus in the United States serves corporate interests. In some cases, the objective of that money is obvious. Google pours millions into lobbying on bills related to antitrust regulation. Big energy companies expect action whenever there is a move to end drilling leases for federal …
American Press Institute: “As the economics of journalism continue to evolve, a defining question about the future is whether the news media can create content that consumers are willing to pay for or donate to directly. Central to answering that question is understanding the behavior of what many publishers call the next generation of news …
Think Adviser – Mohamed El-Erian: Overly loose monetary policy led to the current financial accident, Allianz’s chief economic advisor said. He predicted that the Fed will now start to retreat from its inflation fight, which will be bad in the long term. Depositors shouldn’t worry, El-Erian noted. See also DataTrek – Silicon Valley Bank’s issues …
