Category «Financial System»

Treasury has borrowed $155 billion every month of this fiscal year

Fortune via Yahoo Finance – and is now paying $24 billion a week in interest on its debts: “Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion. The first nine months of this …

Subjects: Congress, Defense, Economy, Education, Environmental Law, Financial System, Government Documents, Health Care

Most everyday products are sourced from fossil fuels. Are there any alternatives?

ABCNetAU: “The crisis in the Strait of Hormuz almost immediately caused a fuel price shock felt in bank accounts around Australia. Even if the Strait returns to normal, that shock will keep sending prices up in a range of industries. Economic ripples will filter through to a plethora of products, such as plastics, fertilisers, building …

Subjects: Defense, Economy, Energy, Financial System, Health Care

Private equity’s joint venture takeover of nonprofit healthcare

Private Equity Stakeholder Project: “Behind nonprofit partnerships, private equity firms are building a growing footprint across hospitals, hospice, rehabilitation, and outpatient care. Over the past decade, private equity has dramatically expanded its presence across the healthcare system. While much of the public attention has focused on traditional acquisitions of hospitals, physician practices, nursing homes, and …

Subjects: Economy, Financial System, Health Care

AI in Finance and Banking, June 30, 2026

AI in Finance and Banking, June 30, 2026 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to …

Subjects: AI, Economy, Financial System, Government Documents, Internet

The Many Ways Trump Is Trying to Tip the Scales for the Midterms

The New York Times Gift Article: “President Trump is trying to use the levers of the federal government, along with personal influence over state and local lawmakers, to reshape the rules governing the 2026 midterms and future elections in extraordinary ways. Many of these efforts have been blocked by courts, stymied by the Constitution or …

Subjects: Censorship, Civil Liberties, Congress, Economy, Financial System, Government Documents

The Brand Ledger

Worse on Purpose: Tracking the brands that got worse on purpose — and the ones that didn’t. The Brand Ledger tracks 215 brands across tools, bags, apparel, eyewear, and footwear. Who owns them, what they used to be, whether they’re still worth buying. Updated as things change. Search the Brand Ledger Browse all brands →Read …

Subjects: E-Commerce, Economy, Financial System, Search Engines

UN – Unchecked AI progress may pose catastrophic risks

“The Preliminary Report of the Independent International Scientific Panel on AI: Evidence-based assessment of opportunities, risks and impacts of AI is a first-of-its-kind independent scientific assessment of the capabilities, emerging opportunities and risks of artificial intelligence. The Panel, composed of independent scientists and experts from all 5 UN regions, outlines trends in AI. It’s central warning: …

Subjects: AI, Civil Liberties, Climate Change, Economy, Environmental Law, Financial System, Knowledge Management

How Trump has prospered during his second presidency

Washington Post no paywall: “Donald Trump’s latest financial disclosure [link added by beSpacific – not included in the article] shows he earned at least $1.2 billion in 2025 from cryptocurrency and memecoin ventures. The filing reports more than $588 million in income from World Liberty Financial, the crypto company co-founded by Trump, his sons, and …

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

Supreme Court rules Trump can fire leaders of independent agencies

The Guardian: “The US supreme court has ruled that Donald Trump can fire leaders of independent agencies or commissions, ending 90 years of court precedent that curbs executive power. The vote in the case of Trump v Slaughter is 6-3, with dissents from Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan. The case was …

Subjects: Censorship, Courts, Financial System, Government Documents, Legal Research

Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

ProPublica – The Secret IRS Files: “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 …

Subjects: E-Records, Economy, Financial System, Government Documents, Legal Research