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Category Archives: Financial System

How a False Claim About Wikipedia Sparked a Right-Wing Media Frenzy

Slate “…The article was thrust into the limelight on July 28, when the Commerce Department released data showing that the U.S. gross domestic product had shrunk for a second straight quarter, meeting a common shorthand definition of a recession. Republicans, seeking to highlight the economy’s weakness as part of a case against Democrats ahead of midterm elections this fall, jumped on the news. Although most serious economists do not accept the two quarters shorthand definition, this didn’t stop politicians like Sen. Rick Scott of Florida from declaring that “Joe Biden has officially plunged America into a recession.” The Biden administration, meanwhile, emphasized that the National Bureau of Economic Research, the body responsible for judging recession dates, had not declared one…Wikipedians see neutrality as a core tenet of their work, and have long resisted providing any sort of commentary alongside articles apart from notices about the article itself (such as banners flagging inadequate sourcing). But in an unprecedented move, editors have placed a notice at the top of the article reading “Please visit the talk page and view the FAQ for questions about this page.” If this notice is adopted elsewhere, it would signal a shift in Wikipedia’s approach, away from letting its work speak for itself and toward a more active, transparent defense of its editorial decisions…”

Research: We Make More Virtuous Choices When Using Pen and Paper

Harvard Business Review: “From ordering food to buying a new book to making a charitable donation, more and more decisions that used to be made on paper are now being made on digital devices like tablets, phones, and computers. And this trend toward digitalization has many advantages, in particular when it comes to efficiency and… Continue Reading

How Misinformation About COVID Vaccines and Pregnancy Took Root Early On and Why It Won’t Go Away

Pro Publica: “Before coronavirus vaccines were even released, a disinformation campaign used a moment of national and personal vulnerability to prey on those who were pregnant or who planned to become pregnant.But that was only the beginning. Misinformation seeped into every corner of social media, onto Facebook feeds and into Instagram images, pregnancy apps and… Continue Reading

A Century of Business in the Supreme Court, 1920-2020

Epstein, Lee and Gulati, Mitu, A Century of Business in the Supreme Court, 1920-2020 (August 3, 2022). Available at SSRN: “A decade and a half into its life, we ask: How pro business is the Roberts Court? Using a simple objective measure – how often does business win in the Court when it is… Continue Reading

The Fortune Global 500

“The rebound from COVID-19 created a huge tailwind for the world’s largest companies by revenue. Aggregate sales for the Fortune Global 500 hit $37.8 trillion, an increase of 19%—the highest annual growth rate in the list’s history. Walmart landed at No. 1 for the ninth straight year, trailed by Amazon, which reached its highest ranking… Continue Reading

How flood maps can illuminate the risk from toxic waste sites

Fast Company: Climate science is clear: “Floodwaters are a growing risk for many American cities, threatening to displace not only people and housing but also the land-based pollution left behind by earlier industrial activities. In 2019, researchers at the U.S. Government Accountability Office (GAO) investigated climate-related risks at the 1,571 most polluted properties in the… Continue Reading

Infographic of the world’s $104 trillion economy

BoingBoing – “Fascinating at-a-glance look at the $104 trillion global economy, divvied up into slices of geographical pie. I wasn’t surprised that the United States has the biggest economy, at $25.3 trillion, and that China is close behind with $19.9 trillion (and is expected to surpass the United States by 2030). Things that surprised me:… Continue Reading

The uneven energy costs of working from home

The Verge: “The COVID-19 pandemic has given us a sneak peek into how working from home changes electricity demand and what that might mean for Americans’ utility bills. The picture it’s painted so far isn’t very pretty, particularly for anyone who’s already struggling to meet their needs. The transition to remote work is changing our… Continue Reading

Facebook Data Shows Having Rich Friends Helps

Gizmodo: “New research measuring over 21 billion Facebook friendships seemingly confirms something you probably already inherently knew: having rich friends helps. Researchers at Harvard’s Opportunity Insights used a massive Facebook dataset based on over 72 million users to analyze the ways certain types of social conditions impact economic mobility in a pair of papers published… Continue Reading

Committee Reveals Major Gun Companies Collected More than $1 Billion in Revenue from Military-Style Assault Weapons

New Documents Also Reveal Gun Companies’ Dangerous Marketing Tactics to Sell AR-15s and Failure to Monitor Use of Their Guns to Kill Americans Washington, D.C. (July 27, 2022)— “Today, Rep. Carolyn B. Maloney, Chairwoman of the Committee on Oversight and Reform, released new findings from the Committee’s investigation into five major gun manufacturers’ sales and… Continue Reading

Buy Side WSJ

“At Buy Side from WSJ, our editors, writers and contributors are committed to selecting products and services that will improve your daily life. Our goal is to save you time and money with thoroughly researched recommendations to make decisions and transactions easier. We are separate from The Wall Street Journal news staff, which is not… Continue Reading