Category «Economy»

Biden invested big in more tax audits. A new IRS analysis claims it’s working.

Vox: “In 2021, Americans owed about $625 billion in taxes that they never paid. This number, called the “tax gap,” represented some 13.7 percent of all taxes due, and, had it been collected, it would have reduced the deficit by nearly one-quarter. Getting more of that number collected is naturally an obsession of many tax …

Subjects: Congress, Economy, Financial System, Government Documents

Cellphone Use Is Biggest Cause of Distracted Driving

“Cellphone use by individuals operating a motor vehicle continues to be the largest contributor to distracted driving in the U.S., according to the latest Issues Brief from the Insurance Information Institute (Triple-I). “As drivers returned to the roads following the pandemic, distracted driving surged, causing higher rates of accidents, injuries, and deaths. This high-risk behavior …

Subjects: Economy, Health Care, Legal Research, Transportation

Data Index Tool Offers Glimpse at School Success Boundaries

GovTech: “Federal data can be difficult to wrangle, but a new tool created by a nonprofit aims to remove some of the heavy lifting to help create a clear picture of communities socioeconomic needs — specifically within school attendance boundaries. The National Academy Foundation (NAF), an education nonprofit, collaborated with the NYU Marron Institute of …

Subjects: Economy, Education, Food and Nutrition, Knowledge Management, Poverty

From Businesses and Banks to Colleges and Churches: Americans’ Views of U.S. Institutions

“Continued partisan divides on schools, unions, churches 0 How we did this – Americans overwhelmingly see small businesses as having a positive effect on the way things are going in the country. By contrast, their views of large corporations are broadly negative. Most people – including identical shares in both parties – also are critical …

Subjects: Economy, Education, Financial System

AI-powered robocalls soon to be illegal

“FCC Chairwoman Jessica Rosenworcel today proposed that the FCC recognize calls made with AI-generated voices are “artificial” voices under the Telephone Consumer Protection Act (TCPA), which would make voice cloning technology used in common robocalls scams targeting consumers illegal. The rise of these types of calls has escalated during the last few years as this …

Subjects: AI, Economy, Government Documents, Legal Research, Privacy

AI in Banking and Finance, January 31, 2024

Via LLRX – AI in Banking and Finance, January 31, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, …

Subjects: AI, Economy, Financial System, Knowledge Management, Legal Research

The thorny push to put body cameras in hospitals and stores

Fast Company: “Once, body cameras were attached only to cops, part of an effort to produce more evidence, de-escalate tense situations, and reduce force and abuse. The jury is still out on how effective they are, but the technology is spreading fast, and not just within policing. Increasingly, other sectors have adopted the cameras, and …

Subjects: Civil Liberties, E-Records, Economy, Health Care, Privacy

Every Awful Thing Trump Has Promised to Do in a Second Term

Rolling Stone: “Donald Trump reportedly did not expect to win the presidency in 2016, which isn’t surprising considering how ill-prepared he and his team were to take control of the country. He appointed established conservatives to key positions before learning some had personal principles that extended beyond indulging the president’s ego. Trump wreaked havoc on …

Subjects: Civil Liberties, Climate Change, Congress, Courts, Defense, Economy, Education, Environmental Law, Financial System, Legal Research, Privacy

Telsa, Musk – The Bill Comes Due

Ann Lipton – Business Law Prof Blog: “On Tuesday, Chancellor Kathaleen McCormick of the Delaware Court of Chancery issued her long-awaited opinion in Tornetta v. Musk, where she took the extraordinary step of holding that Elon Musk’s Tesla pay package from 2018 was not “entirely fair” to Tesla investors, and ordered that it be rescinded.  In …

Subjects: Courts, Economy, Financial System, Legal Research, Social Media

The 2024 ‘Burning Issues’ Confronting Firm Leaders

Via LLRX – The 2024 ‘Burning Issues’ Confronting Firm Leaders – At the end of December 2023, Patrick J, Mckeena and Michael B. Rynowecer presented 200 Firm Leaders with a selection of over 40 timely and potential ‘Burning Issues’ – and asked of them “what do you anticipate as the highest priorities occupying your leadership agenda going …

Subjects: Economy, Education, Financial System, Knowledge Management, Marketing

The business of check cashing

Bits About Money: “…One of the reasons I covered the checks as a payment method recently was to lay the groundwork for talking about some of the fascinating alternative financial world around them. In the main, this helps people at the socioeconomic margins turn payroll and other checks into cash (or otherwise immediately spendable value) …

Subjects: Economy, Financial System, Legal Research