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Category Archives: Financial System

The Work of the Future: Building Better Jobs in an Age of Intelligent Machines

“…In the two-and-a-half years since the Task Force set to work, autonomous vehicles, robotics, and AI have advanced remarkably. But the world has not been turned on its head by automation, nor has the labor market. Despite massive private investment, technology deadlines have been pushed back, part of a normal evolution as breathless promises turn into pilot trials, business plans, and early deployments — the diligent, if prosaic, work of making real technologies work in real settings to meet the demands of hard-nosed customers and managers. Yet, if our research did not confirm the dystopian vision of robots ushering workers off of factory floors or artificial intelligence rendering superfluous human expertise and judgment, it did uncover something equally pernicious: Amidst a technological ecosystem delivering rising productivity, and an economy generating plenty of jobs (at least until the COVID-19 crisis), we found a labor market in which the fruits are so unequally distributed, so skewed towards the top, that the majority of workers have tasted only a tiny morsel of a vast harvest…”

For Billion-Dollar COVID Vaccines, Basic Government-Funded Science Laid the Groundwork

Scientific American – “…The Moderna vaccine, whose remarkable effectiveness in a late-stage trial was announced Monday morning, emerged directly out of a partnership between Moderna and Dr. Barney Graham’s NIH laboratory. Coronavirus vaccines are likely to be worth billions to the drug industry if they prove safe and effective. As many as 14 billion vaccines… Continue Reading

COVID-19: Government Resources for Real-Time Economic Indicators

CRS Insight via LC – COVID-19: Government Resources for Real-Time Economic Indicators updated November 19, 2020: “This CRS Insight presents select real-time economic indicators that attempt to measure the impact of the Coronavirus Disease 2019 (COVID-19) pandemicon the U.S.economy. Created by select federal government agencies, these new or unique indicators attempt to measure the demographic,… Continue Reading

Inside the Chaotic, Cutthroat Gray Market for N95 Masks

The New York Times – “As the country heads into a dangerous new phase of the pandemic, the government’s management of the P.P.E. crisis has left the private sector still straining to meet anticipated demand…The N95 respirator is emblematic of globalized capitalism: It is made out of fossil fuels, manufactured at enormous scale, often in… Continue Reading

This website gorgeously illustrates whether your investments are ruining the planet

Fast Company – “All investment platforms will show you the financial value of your portfolio. But a new visual platform made by Dutch design firm Clever Franke for Swiss bank Globalance goes a step further: It maps your portfolio’s macro-level social and environmental effects. The interface, called Globalance World, makes it easier to figure out… Continue Reading

Biden-Harris Transition Releases Code of Ethical Conduct and Ethics Plan

“Today, the Biden-Harris Transition published its Transition Code of Ethical Conduct and Transition Ethics Plan that will guide transition activities. The Presidential Transition Act directs the transition team to develop a Transition Code of Ethical Conduct and Ethics Plan to ensure the transition team members are held to clear and enforceable ethics standards. Consistent with… Continue Reading

The Climate Transparency Report 2020 – Climate Change Has Hit the U.S. Harder Than Any Other G20 Country

“The Climate Transparency Report (previously known as “Brown to Green Report”) is the world’s most comprehensive annual review of G20 countries’ climate action and their transition to a net-zero emissions economy. The review is based on 100 indicators for adaptation, mitigation and finance and aims to make good practices and gaps transparent. The summary report… Continue Reading

Pfizer’s COVID-19 vaccine distribution will be a “logistical nightmare”

CBS News: “The long wait for a vaccine that could eventually spell the end of the coronavirus pandemic appears to be on the horizon. Last week, Pfizer said its vaccine in a trial has been 90% effective in preventing COVID-19, while Moderna on Monday announced similarly encouraging results. The companies could get emergency federal approval within… Continue Reading

Confronting the ‘Climate Lehman Moment’: The Case for Macroprudential Climate Regulation

Steele, Graham, Confronting the ‘Climate Lehman Moment’: The Case for Macroprudential Climate Regulation Vol. 30 Cornell Journal of Law and Public Policy 109 – forthcoming. “U.S. financial regulators have argued that the risks that climate change poses for large financial institutions are outside of their core regulatory mandate. This article argues that oversight of the… Continue Reading

Student Loan Bill Tracking Database

National Conference of State Legislatures – This interactive database tracks state legislation related to student loan debt across several categories, including forgiveness, licensure, oversight and taxes. It includes pending, failed and enacted bills since 2015. The database can be searched by category, year or state. The database is updated monthly with bills identified by NCSL staff…” Continue Reading

In hunt for virus source W.H.O. let China take charge

The New York Times: “…Nine months and more than 1.1 million deaths later, there is still no transparent, independent investigation into the source of the virus. Notoriously allergic to outside scrutiny, China has impeded the effort, while leaders of the World Health Organization, if privately frustrated, have largely ceded control, even as the Trump administration… Continue Reading