Category «Economy»

Inhouse Counsel More Focused on AI + Automation Than US Law Firms

Artificial Lawyer: “A survey of over 200 senior lawyers at AmLaw 200 law firms and those working inhouse at major corporations, mainly with a professional interest in disputes, has found that inhouse lawyers appear to be more focused now on AI and automation than their external cousins. The study by ALSP UnitedLex found that when …

Subjects: AI, Economy, Knowledge Management, Legal Research, Marketing

Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge

IMF – “New AI Preparedness Index Dashboard tracks 174 economies based on their digital infrastructure, human capital, labor policies, innovation, integration and regulation, Giovanni Melina June 25, 2024. Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already …

Subjects: AI, Economy, Education, Financial System, Government Documents, Legal Research

US banks seek to open vendors’ black box on green data

Risk.net – Inaugural Fed climate scenario analysis flags lack of transparency around third-party models: “The US Federal Reserve and the country’s largest banks have had their differences, especially in recent months. But the regulator’s first ever climate scenario analysis has revealed a common cause: frustration over the climate risk models provided by third party vendors. …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Government Documents, Legal Research

America in Facts 2024: A Data-Driven Report for Congress

“To create America in Facts 2024, USAFacts interviewed Congressional staff on their topics of interest and the challenges they face when using data. These interviews spanned the House of Representatives and the Senate, included Republicans and Democrats, and identified several topics that we used to inform this report. We hope that members of Congress and …

Subjects: Congress, Economy, Financial System, Government Documents, Health Care, Legal Research, Transportation

Americans’ Views of Government’s Role: Persistent Divisions and Areas of Agreement

Pew – Wide majorities of Biden and Trump supporters oppose cuts to Social Security: “While the economy, immigration and abortion have emerged as major issues in the 2024 election, Joe Biden and Donald Trump also have dramatically different ideas about the size and role of government. These differences reflect decades-old divisions between Democrats and Republicans …

Subjects: Economy, Government Documents, Health Care, Legal Research

Project 2025, Election 2024, and America’s Future

TIME: “…Project 2025 led by the right-wing think tank the Heritage Foundation, Project 2025 is a presidential transition operation—basically a government-in-waiting if former President Donald Trump returns to office on Jan. 20, 2025. The $22 million effort does not say it is specifically intended for Trump, but that it wants a conservative as the next …

Subjects: Censorship, Civil Liberties, Economy, Education, Government Documents, Health Care, Legal Research, Legislation, Medicine

2024 Law Firm Climate Change Scorecard

Law Students for Climate Accountability: “We are delighted to announce the launch of our first-ever multinational report. Expanding upon our 2024 Law Firm Climate Change Scorecard, which grades the “Vault 100” firms according to their fossil fuels work, the full report includes additional U.K. and Irish firms as well as lessons from COP28 and recent …

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

Visualizing Americans’ Preferred Payment Methods

Visual Capitalist – Charted: America’s Shift to a Cashless Society: “A cashless society is one in which financial transactions are conducted primarily through digital means rather than physical cash, relying on technologies like credit cards and mobile payments. While no country today has fully reached this concept, there are some (like China and South Korea) …

Subjects: Economy, Financial System, Government Documents

Global warming and heat extremes to enhance inflationary pressures

Kotz, M., Kuik, F., Lis, E. et al. Global warming and heat extremes to enhance inflationary pressures. Commun Earth Environ 5, 116 (2024). https://doi.org/10.1038/s43247-023-01173-x – “Climate impacts on economic productivity indicate that climate change may threaten price stability. Here we apply fixed-effects regressions to over 27,000 observations of monthly consumer price indices worldwide to quantify the …

Subjects: Climate Change, Economy, Food and Nutrition

Artificial Intelligence Is Making The Housing Crisis Worse

The Lever: “…Landlords are increasingly turning to private equity-backed artificial intelligence (AI) screening programs to help them select tenants, and resulting cases like Robinson’s are just the tip of the iceberg. The prevalence of incorrect, outdated, or misleading information in such reports is increasing costs and barriers to housing, according to a recent report from …

Subjects: AI, Economy, Financial System, Housing, Legal Research

The Opaque Industry Secretly Inflating Prices for Prescription Drugs

The New York Times [unpaywalled] – Pharmacy benefit managers are driving up drug costs for millions of people, employers and the government. “Americans are paying too much for prescription drugs. It is a common, longstanding complaint. And the culprits seem obvious: Drug companies. Insurers. A dysfunctional federal government. But there is another collection of powerful …

Subjects: Economy, Health Care, Legal Research, Medicine