Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Financial System

The Flooding Will Come “No Matter What”

ProPublica – The complex, contradictory and heartbreaking process of American climate migration is underway –  “This article is an excerpt from the book “On The Move: The Overheating Earth and the Uprooting of America,” about climate migration in the U.S. For more, see abrahm.com. “Another great American migration is now underway, this time forced by the warming that is altering how and where people can live. For now, it’s just a trickle. But in the corners of the country’s most vulnerable landscapes — on the shores of its sinking bayous and on the eroding bluffs of its coastal defenses — populations are already in disarray…People have always moved as their environment has changed. But today, the climate is warming faster, and the population is larger, than at any point in history. As the U.S. gets hotter, its coastal waters rise higher, its wildfires burn larger and its droughts last longer, the notion that humankind can triumph over nature is fading, and with it, slowly, goes the belief that self-determination and personal preference can be the driving factors in choosing where to live. Scientific modeling of these pressures suggest a sweeping change is coming in the shape and location of communities across America, a change that promises to transform the country’s politics, culture and economy. It has already begun. More Americans are displaced by catastrophic climate-change-driven storms and floods and fires every year. The Internal Displacement Monitoring Centre, the global nongovernmental organization researchers rely on to measure the number of people forcibly cast out of their homes by natural disasters, counted very few displaced Americans in 2009, 2010 and 2011, years in which few natural disasters struck the United States. But by 2016 the numbers had begun to surge, with between 1 million and 1.7 million newly displaced people annually. The disasters and heat waves each year have become legion. But the statistics show the human side of what has appeared to be a turning point in both the severity and frequency of wildfires and hurricanes. As the number of displaced people continues to grow, an ever-larger portion of those affected will make their moves permanent, migrating to safer ground or supportive communities. They will do so either because a singular disaster like the 2018 wildfire in Paradise, California — or Hurricane Harvey, which struck the Texas and Louisiana coasts — is so destructive it forces them to, or because the subtler “slow onset” change in their surroundings gradually grows so intolerable, uncomfortable or inconvenient that they make the decision to leave, proactively, by choice. In a 2021 study published in the journal Climatic Change, researchers found that 57% of the Americans they surveyed believed that changes in their climate would push them to consider a move sometime in the next decade…”

Climate crisis: average world incomes to drop by nearly a fifth by 2050

The Guardian: “Average incomes will fall by almost a fifth within the next 26 years as a result of the climate crisis, according to a study that predicts the costs of damage will be six times higher than the price of limiting global heating to 2C. Rising temperatures, heavier rainfall and more frequent and intense… Continue Reading

The invisible seafaring industry that keeps the internet afloat

The Verge: “…The world’s emails, TikToks, classified memos, bank transfers, satellite surveillance, and FaceTime calls travel on cables that are about as thin as a garden hose. There are about 800,000 miles of these skinny tubes crisscrossing the Earth’s oceans, representing nearly 600 different systems, according to the industry tracking organization TeleGeography. The cables are… Continue Reading

Dow Jones Debuts Its Smart Money Financial Literacy Site

“Dow Jones Smart Money is your resource for creating a better financial future. For any age, any experience level, any goal—start building financial knowledge today with smart insights and trusted experience from Dow Jones money experts. We’ll be adding new topics, more videos, free resources and live events here soon, so watch this page for… Continue Reading

Artificial Intelligence Index Report 2024

Stanford University, Human-Centered Artificial Intelligence. Artificial Intelligence Index Report 2024. “Welcome to the seventh edition of the AI Index report. The 2024 Index is our most comprehensive to date and arrives at an important moment when AI’s influence on society has never been more pronounced. This year, we have broadened our scope to more extensively… Continue Reading

AI in Finance and Banking, April 15, 2024

Via LLRX – AI in Finance and Banking, April 15, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers, conferences 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,… Continue Reading

US DOT – PROTECT Discretionary Grant Program Award Recipients

PROTECT Discretionary Grant Program Fact Sheet –  “The vision of the PROTECT Discretionary Grant Program is to fund projects that address the climate crisis by improving the resilience of the surface transportation system, including highways, public transportation, ports, and intercity passenger rail. Projects selected under this program should be grounded in the best available scientific… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, April 13, 2024

Pete Recommends – Weekly highlights on cyber security issues, April 13, 2024 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex… Continue Reading

The 12 Companies That Together Own 500+ Consumer Brands

Quartr: “Warren Buffett famously popularized the term “moat,” stating that “a truly great business must have an enduring moat that protects excellent returns on invested capital.” This can take shape in various forms, and according to Buffett, one of them is “possessing a powerful world-wide brand (Coca-Cola, Gillette, American Express).” The consumer goods sector is… Continue Reading

FCC rule now requires internet service providers to display fees

“Broadband Labels are designed to provide clear, easy-to-understand, and accurate information about the cost and performance of high-speed internet services. The labels are modeled after the FDA nutrition labels and are intended to help consumers comparison shop for the internet service plan that will best meet their needs and budget. Internet service providers that offer… Continue Reading