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NOAA – “The U.S. has sustained 341 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2022). The total cost of these 341 events exceeds $2.475 trillion. In 2022, there were 18 weather/climate disaster events with losses exceeding $1 billion each to affect the United States. …
NBER – Too Many Managers: The Strategic Use of Titles to Avoid Overtime Payments – Lauren Cohen, Umit Gurun & N. Bugra Ozel Working Paper 30826. DOI 10.3386/w30826. Issue Date January 2023 – “We find widespread evidence of firms appearing to avoid paying overtime wages by exploiting a federal law that allows them to do …
What are Large Global Banks Doing About Climate Change? Daniel O. Beltran, Hannah Bensen, Amy Kvien, Erin McDevitt, Monica V. Sanz, and Pinar Uysal. January 2023 – We review the “climate action plans” of Global Systemically Important Banks (GSIBs) and the progress they are making toward achieving them. G-SIBs have identified the drivers of climate …
Harvard Business Review: “The Great Resignation and a highly competitive labor market have made attracting and retaining talent a major challenge for employers. To meet it, many are following a basic strategy: Ask people what they want and try to give it to them. Temptingly simple as this response is, it can be a trap. …
TechCrunch: “A government watchdog has published a scathing rebuke of the Department of the Interior’s cybersecurity posture, finding it was able to crack thousands of employee user accounts because the department’s security policies allow easily guessable passwords like ‘Password1234’. The report by the Office of the Inspector General for the Department of the Interior, tasked …
BBC: “Microplastics have infiltrated every part of the planet. They have been found buried in Antarctic sea ice, within the guts of marine animals inhabiting the deepest ocean trenches, and in drinking water around the world. Plastic pollution has been found on beaches of remote, uninhabited islands and it shows up in sea water samples …
“An interactive map showing areas threatened by sea level rise and coastal flooding. Combining the most advanced global model of coastal elevations with the latest projections for future flood levels. Flood maps are only as good as the elevation data they’re founded on. We used machine learning to develop CoastalDEM ®, a high-accuracy digital elevation …
Hagan, Margaret, The Supply and Demand of Legal Help on the Internet (October 17, 2022). Margaret D. Hagan “The Supply and Demand of Legal Help on the Internet,” Legal Tech and the Future of Civil Justice, edited by David Freeman Engstrom. Cambridge University Press, Forthcoming., Available at SSRN: https://ssrn.com/abstract=4250390 “Faith in technology as a way …
MarketWatch: “Artificial-intelligence research company OpenAI is in discussions over potentially selling at least $300 million in shares in a tender offer that would give it a roughly $29 billion valuation, the Wall Street Journal reported Thursday. The offering of shares of OpenAI — known for AI programs like the chatbot ChatGPT and the image-generator Dall-E …
“New York State Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris on December 21, 2022 announced new proposed guidance for New York State-regulated banking and mortgage institutions (“Institutions”) to help them manage safety and soundness risks related to climate change. DFS is issuing the proposed guidance to support efforts by Institutions to identify, measure, …
CNBC: “U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector,” the regulators said in a joint statement from the Federal …
Update, January 7, 2022 – McCarthy elected House speaker after historic battle with GOP rebels “The House has a webpage devoted to its history titled History, Art & Archives. “This site is a collaborative project between the Office of the Historian and the Clerk of the House’s Office of Art and Archives. Together, the offices …
