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Category Archives: Financial System

Everyone Has A Price And Corporations Know Yours

The Lever – “Digital surveillance and customer isolation are locking us into a consumer hell of personalized prices.  Six years ago, I was at a conference at the University of Chicago, the intellectual heart of corporate-friendly capitalism, when my eyes found the cover of the Chicago Booth Review, the business school’s flagship publication. “Are You Ready for Personalized Pricing?” the headline asked. I wasn’t, so I started reading. The story looked at how online shopping, persistent data collection, and machine-learning algorithms could combine to generate the stuff of economists’ dreams: individual prices for each customer. It even recounted an experiment in 2015, where online employment website ZipRecruiter essentially outsourced its pricing strategy to two University of Chicago economists, Sanjog Misra and Jean-Pierre Dubé.”

Private-Sector AI Indicators Dataset

DataIsPlural: “The Private-Sector AI Indicators dataset, from Georgetown University’s Emerging Technology Observatory, provides “a diverse range of indicators of AI-related activity for hundreds of companies worldwide, from startups to multinationals.” For each of the 670+ companies included, the dataset counts the number of AI-related research articles published by its employees (disaggregated by topic), AI-related patents… Continue Reading

Home Insurance Rates in America Are Wildly Distorted. Here’s Why.

The New York Times [unpaywalled]: “Enid, Okla., surrounded by farms about 90 minutes north of Oklahoma City, has an unwelcome distinction: Home insurance is more expensive, relative to home values, than almost anywhere else in the country. Enid is hardly the American community that is most vulnerable to damaging weather. Yet as a share of… Continue Reading

LLRX June 2024 Issue

Articles and Columns for June 2024 – https://www/ Protecting the Vulnerable: Navigating Online Risks for Minors – Veronica Garrick’s paper is an insightful, factual and timely discussion of how in today’s digital age, minors are exposed to technology at a young age, presenting both great opportunities and risks. PowerPoint Has Its Problems – Jerry Lawson… Continue Reading

9 of largest banks in the world are settling a long-running lawsuit

The Daily Hodl: “JPMorgan Chase, Bank of America and 7 Mega Banks Paying $46,000,000 [that’s Trillion] Over Alleged Conspiracy To Rig Trillion-Dollar Derivatives Market… Lawyers representing investors have filed for preliminary approval of a $46 million cash settlement against JPMorgan Chase, Bank of America, Goldman Sachs, BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley, NatWest and… Continue Reading

FTC – Who’s who in scams: a spring roundup

FTC: “Scammers are all about spinning lies, but they still operate in the real world. Many scammers pretend to be well-known businesses to gain trust and make their stories seem more believable. And scammers use real-world methods to contact people and to get paid. Reports to the FTC’s Consumer Sentinel Network point to some of… Continue Reading

These cities have the highest share of unaffordable neighborhoods in 2024

creditnews: “Homeownership is one of the key pillars of the American dream. But for many families, the idyllic fantasy of a picket fence and backyard barbecues remains just that—a fantasy. Thanks to elevated mortgage rates, sky-high house prices, and scarce inventory, millions of American families have been locked out of the opportunity to buy a… Continue Reading

Organized Crime and Corruption Reporting Project

“The Organized Crime and Corruption Reporting Project connects 45 non-profit investigative centers in 34 countries, scores of journalists and several major regional news organizations across Europe, Africa, Asia, the Middle East and Latin America. We work to turn the tables on corruption and build greater accountability through exposing the abuse of power at the expense… Continue Reading

SEC Updates Website to Improve Compliance, Functionality, and User Experience

“The Securities and Exchange Commission today announced enhancements to its website to improve compliance with federal statutes and standards as well as the site’s functionality. The updates will improve the website’s user experience for market participants and the public.  “I’m pleased that these updates will improve our website’s compliance with federal standards,” said SEC Chair… Continue Reading

The Secret IRS Files – Inside the Tax Records of the .001%

ProPublica: “In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same… Continue Reading

LLRX June 2024 Articles and Columns

Protecting the Vulnerable: Navigating Online Risks for Minors – Veronica Garrick PowerPoint Has Its Problems – Jerry Lawson AI in Banking and Finance, June 30, 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… Continue Reading