Category «Economy»

FINCEN – US Banks Spent $1 Billion on Ransomware Payments in 2021

“The Financial Crimes Enforcement Network (FinCEN) today issued its most recent Financial Trend Analysis of ransomware-related Bank Secrecy Act (BSA) filings for 2021, indicating that ransomware continued to pose a significant threat to U.S. critical infrastructure sectors, businesses, and the public. The report focuses on ransomware trends in BSA filings from July-December 2021, and addresses …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Government Documents, Legal Research

Salary transparency laws aim to combat pay disparities

AP: “Starting this week, job-seekers in New York City will have access to a key piece of information: how much money they can expect to earn for an advertised opening. New York will require employers as of Nov. 1 to disclose “a good faith salary range for every job, promotion, and transfer opportunity advertised,” according …

Subjects: Economy, Financial System, Government Documents, Knowledge Management, Legal Research

Business Name Generator

Business Name Generator – “generate a short, brandable business name using artificial intelligence. For new businesses, naming options can seem quite limited. Short domains are very expensive, yet longer multi-word names don’t inspire confidence. In 2022 many startups are choosing a short, branded name – a name that’s unique, memorable and affordable…”

Subjects: AI, Economy, Financial System

Thomson Reuters collected and leaked at least 3TB of sensitive data

cybernews: “Thomson Reuters, a multinational media conglomerate, left an open database with sensitive customer and corporate data, including third-party server passwords in plaintext format. Attackers could use the details for a supply-chain attack.  The Cybernews research team found that Thomson Reuters left at least three of its databases accessible for anyone to look at. One …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Internet, Knowledge Management, Legal Research

Consumers Feel Worse Now Than They Did During Covid Lockdowns

WSJ [paywall]: Sentiment has fallen to levels typically associated with worse financial and economic conditions than today’s: “The University of Michigan survey of consumer sentiment measures how U.S. consumers feel about their personal finances, business conditions and buying conditions. Recent surveys have shown that consumers have rarely felt more downbeat about all of these measures. …

Subjects: Economy, Financial System

Beyond Catastrophe A New Climate Reality Is Coming Into View

The New York Times Magazine – David Wallace-Well – “…Over the last several months, I’ve had dozens of conversations — with climate scientists and economists and policymakers, advocates and activists and novelists and philosophers — about that new world and the ways we might conceptualize it. Perhaps the most capacious and galvanizing account is one …

Subjects: Climate Change, Economy, Energy, Environmental Law, Financial System

Your Guide to America’s Finances

“Your Guide to America’s Finances is an overview of U.S. government finances where you’ll find information on money coming in (revenue), money going out (spending), the deficit, and debt. Your Guide presents a series of pages exploring each topic through educational content and interactive visualizations, providing a comprehensive overview of the trillions of dollars collected …

Subjects: E-Government, Economy, Financial System, Government Documents, Legal Research

Countries’ climate promises still not enough to avoid catastrophic global warming

Climate Plans Remain Insufficient: More Ambitious Action Needed Now – “A new report from UN Climate Change shows countries are bending the curve of global greenhouse gas emissions downward but underlines that these efforts remain insufficient to limit global temperature rise to 1.5 degrees Celsius by the end of the century. According to the report, …

Subjects: Climate Change, Economy, Energy, Environmental Law, Government Documents

The Crypto Story

Bloomberg BusinessWeek: Where it came from, what it all means, and why it still matters. “There was a moment not so long ago when I thought, “What if I’ve had this crypto thing all wrong?” I’m a doubting normie who, if I’m being honest, hasn’t always understood this alternate universe that’s been percolating and expanding …

Subjects: Cryptocurrency, Economy, Financial System, Legal Research

A large portion of the Americans who will pay for news are rich

Nieman Lab: About a quarter of Americans have ever paid for news directly. “Those who have are more likely to make over $150,000 a year. A new survey from Gallup and the Knight Foundation asked a nationally representative sample of 5,593 American adults a bunch of questions about paying for news. There’s some interesting stuff …

Subjects: Economy, Financial System, Internet, Knowledge Management, Legal Research, Social Media

Americans Value U.S. Role as Scientific Leader, but 38% Say Country Is Losing Ground Globally

Report – Widening partisan divide over scientists’ place in policy debates – “Large majorities of Americans value government investments in the scientific enterprise and consider it important for the United States to be a world leader in scientific achievement. However, on the heels of a global coronavirus outbreak that put scientific research and understanding in …

Subjects: Congress, Economy, Education, Government Documents, Health Care, Knowledge Management, Legal Research

A new definition of crypto comes from the IRS

Coin Telegraph: “…No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes. Last week, the IRS last week released …

Subjects: Blockchain, Cryptocurrency, Economy, Financial System, Government Documents, Legal Research, Legislation