Category «Economy»

Policy and Practice Recommendations for Preventing Precipitous College Closures

New America – Identifying Warning Signs, Precipitating Events, and Risk Factors. “In reviewing the cases of college closures and speaking with experts who were on the ground at the time and who have studied them afterwards, it is increasingly clear that the causes of the closures themselves were, in fact, not precipitous at all. Regulators …

Subjects: Economy, Education

Treasury Releases First Ever Non-fungible Token Illicit Finance Risk Assessment

“Today, the U.S. Department of the Treasury published a 2024 Non-fungible Token (NFT) Illicit Finance Risk Assessment. The risk assessment explores how vulnerabilities associated with NFTs and NFT platforms may be exploited by illicit actors for money laundering, terrorist financing, and proliferation financing. The assessment finds that NFTs are highly susceptible to use in fraud …

Subjects: Copyright, Cybercrime, Cybersecurity, Defense, Economy, Financial System, Government Documents, Intellectual Property

CFPB Creates Registry to Detect Corporate Repeat Offenders

“The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders. The registry will also help the CFPB to identify repeat offenders and recidivism trends. The new registry is …

Subjects: Economy, Financial System, Legal Research

Ransomware in the Digital Age: Multidisciplinary Legal Strategies for Minimizing Cryptocurrency Ransom Payments

Via May 2024 issue of LLRX – Ransomware in the Digital Age: Multidisciplinary Legal Strategies for Minimizing Cryptocurrency Ransom Payments: The year 2023 witnessed an unprecedented escalation in ransomware attacks, affecting users from homeowners to critical infrastructure like healthcare, education, and government. With over 5,200 reported incidents—a 74% increase from the previous year—ransomware has not …

Subjects: Blockchain, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Financial System, Legal Research

A Devil’s Bargain With OpenAI

The Atlantic via MSN: The Atlantic’s CEO, Nicholas Thompson, announced in an internal email that the company has entered into a business partnership with OpenAI, the creator of ChatGPT. (The news was made public via a press release shortly thereafter.) Editorial content from this publication will soon be directly referenced in response to queries in …

Subjects: AI, Copyright, E-Commerce, Economy, Internet, Legal Research

Public’s Positive Economic Ratings Slip

Pew Report – Inflation Still Widely Viewed as Major Problem. “Majorities in both parties remain fearful about the state of the country – Inflation may be cooling, but it continues to loom large over Americans’ evaluations of the country and the economy. Today, 23% of U.S. adults say the economy is in excellent or good …

Subjects: Economy

Is College Worth It?

“As economic outcomes for young adults with and without degrees have improved, Americans hold mixed views on the value of college. At a time when many Americans are questioning the value of a four-year college degree, economic outcomes for young adults without a degree are improving. After decades of falling wages, young U.S. workers (ages …

Subjects: Economy, Education

The Federal Reserve Banks’ New Transparency and Accountability Policy

Via LLRX – The Federal Reserve Banks’ New Transparency and Accountability Policy – Michael Ravnitzky is an attorney and former journalist who has more than 25 years of experience in using the Freedom of Information Act and state public records laws. On December 21, 2023, the Federal Reserve Banks each announced the adoption of a uniform …

Subjects: Congress, Economy, Financial System, Freedom of Information, Government Documents, Legal Research

Dataset containing detailed purchase histories from 5027 US Amazon.com consumers

Data is Plural: “The MIT Media Lab’s Alex Berke et al. have compiled “a first-of-its-kind dataset containing detailed purchase histories from 5027 U.S. Amazon.com consumers, spanning 2018 through 2022, with more than 1.8 million purchases […] crowdsourced through an online survey and shared with participants’ informed consent.” The published data include “order date, product code, …

Subjects: E-Commerce, Economy, Health Care, Knowledge Management

Big Oil Reality Check: Oil and Gas Companies Failing on Climate

“Oil Change International released our Big Oil Reality Check report today in collaboration with over 200 organizations worldwide. The report assesses the climate pledges and plans of eight international oil and gas companies – Chevron, ExxonMobil, Shell, TotalEnergies, BP, Eni, Equinor, and ConocoPhillips – against 10 criteria representing the bare minimum for aligning with the …

Subjects: Climate Change, Economy, Energy, Environmental Law

New Online Dashboard to Track Global Steel and Aluminum Scrap Metal Trade

“The International Trade Administration has unveiled a new supply chain monitor, known as the Global Scrap Monitor, for tracking steel and aluminum scrap trade flows around the world. This online dashboard provides data on global aluminum and steel scrap trade flows from the top importing/exporting markets, allowing domestic industry stakeholders and consumers to better understand …

Subjects: Economy, Energy, Government Documents, Legal Research