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Pluralistic: “For 40 years, Big Meat has openly colluded to rig prices (permalink)…Let me tell you about Agri Stats. Agri Stats has been around since 1985. Every large meat packer pays to be a “member” of Agri Stats, and they each submit weekly, detailed statistics about every aspect of their business: all their costs, all …
Ars Technica: “The US Department of Justice has finally posted what Judge Amit Mehta described at the Google search antitrust trial as an “embarrassing” exhibit that Google tried to hide from the public. The document in question contains meeting notes that Google’s vice president for finance, Michael Roszak, “created for a course on communications,” Bloomberg …
Via LLRX – AI in Banking and Finance – September 30, 2023 – This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers and academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. Four highlights from this week: European Central Bank Is Experimenting With …
Cory Doctorow – “No one’s gonna buy enterprise AI licenses if they can’t fire their workers. After a grinding, 148-day strike, the Writers Guild of America ran the table, conceding virtually nothing and winning virtually everything. The most consequential outcome will be data on streaming viewership. For the studios, these numbers are state secrets, revealed …
“The Office of Inspector General for the Federal Reserve System and the Consumer Financial Protection Bureau (CFPB) released Evaluation Report 2023-SR-B-013, Material Loss Review of Silicon Valley Bank, September 25, 2023, a review of the Federal Reserve Board’s supervision of Silicon Valley Bank. In a letter responding to the OIG’s report, the Federal Reserve Board’s …
“Women now account for record shares of Fortune 500 chief executives and board members in the United States – 10.6% and 30.4%, respectively. Still, the share of women in top business leadership positions remains well below their share of the population. A majority of Americans (55%) say there are too few women in top executive …
The Walrus: The custom essay-writing business is worth billions. Will AI bring it to an end? “…Paying third parties to complete your coursework is called contract cheating. While it seemingly represents a breach of academic integrity, it is technically legal in Canada—and data suggests it’s become prevalent across post-secondary institutions. According to academic ghostwriters like …
Roosevelt Institute and the Institute on Taxation and Economic Policy (ITEP): Executive Summary – “Later this year, the Supreme Court will hear what could become the most important tax case in a century. In Moore v. US, ostensibly about the tax liability of an American family with minority shares in an Indian farming firm, the …
Lifehacker: “Monitoring your credit history regularly reduces the likelihood that reporting errors (best case) or identity theft (worst case) will derail your financial health—and you can now do this at no cost every single week, indefinitely, through Equifax, Experian, and TransUnion. Prior to the COVID-19 pandemic, each credit bureau offered one free credit report per …
Ars Technica: “The US Securities and Exchange Commission has “collected thousands of staff messages from more than a dozen major investment companies” as it expands a probe into how employees and executives at Wall Street firms use private messaging platforms such as WhatsApp and Signal, Reuters reported today, citing “four people with direct knowledge of …
Via Slashdot and contributor slincolne [the link is behind a paywall]: “The founder of the data-breach notification site Have I Been Pwned manages “the largest known repository of stolen data on the planet,” reports Australia’s public broadcaster ABC, including over 6 billion email address. Yet with no employees, Troy Hunt manages all of the technical …
“U.S. Senator Bill Cassidy (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, released a white paper – Exploring Congress’ Framework for The Future of AI – on artificial intelligence (AI) and the technology’s potential benefits and risks to society. Additionally, Cassidy requested feedback from stakeholders on the role of government …
