Category «Financial System»

The Rise of the Worker Productivity Score

The New York Times:”…Architects, academic administrators, doctors, nursing home workers and lawyers described growing electronic surveillance over every minute of their workday. They echoed complaints that employees in many lower-paid positions have voiced for years: that their jobs are relentless, that they don’t have control — and in some cases, that they don’t even have …

Subjects: E-Mail, E-Records, Economy, Education, Financial System, Internet, Knowledge Management, Legal Research

The US government just teased its instant payment system for 2023

Popular Science: “The Federal Reserve announced earlier this week it expects its FedNow Service, a new online system facilitating instant, digital monetary transactions between people and businesses, to come online sometime between May and July 2023. The release could mark a major moment within the financial sector as it, hypothetically, could drastically undercut the need …

Subjects: Economy, Financial System

Stablecoins Survived ‘Crypto Winter,’ But That Doesn’t Make Them Safe

Yale Insights – Cryptocurrencies such as Tether, which is pegged to the dollar, have held on as others crashed. “But according to new research by Yale SOM’s Gary Gorton, these “stablecoins” still pose major risks to the global financial system:  “Amid the harsh conditions of this year’s “crypto winter,” one category of blockchain currency has …

Subjects: Economy, Financial System

Inside the rise of ‘stealerships’ and the shady economics of car buying

NPR: “Recently, my truck was stolen, forcing me to get some new wheels. And, for the first time in my life, I’ve been looking to buy a new car. The process has involved hours of searching. Painful haggling. And encounters with many dealerships that, quite frankly, have been downright duplicitous. The whole thing has been …

Subjects: Economy, Financial System, Knowledge Management, Transportation

More Than Half Of All Bitcoin Trades Are Fake

Forbes Digital Assests – “A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. Within the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion …

Subjects: Cryptocurrency, Economy, Financial System, Legal Research, Securities Law

New data shows long Covid is keeping as many as 4 million people out of work

Brookings – Around 16 million working-age Americans likely have long Covid today – “The Census Bureau’s June to July 2022 HPS survey found that 16.3 million people (around 8%) of working-age Americans currently have long Covid. This report uses HPS data rather than Current Population Survey (CPS) data—which is generally more robust—because the HPS asks questions …

Subjects: Economy, Financial System, Government Documents, Health Care, Medicine

Report – NFTs Are Increasingly Targeted by Criminals

WSJ: “Nonfungible tokens, or NFTs, are increasingly sought by criminals looking to either steal them or use them to launder illicit gains, a new report from blockchain analytics firm Elliptic said on Wednesday. More than $100 million worth of these blockchain-based assets were reported stolen in scams over the past year, according to the study. …

Subjects: Economy, Financial System, Legal Research

The Sustainable Finance Policy Tracker

OMFIF Sustainable Policy Institute: “The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector. Covering 23 countries and jurisdictions, the tracker presents information on 14 sustainable policy subjects that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance …

Subjects: Climate Change, Environmental Law, Financial System, Government Documents, Legal Research

Free Webinars from GPO this Fall

Navigating the Bureau of Labor Statistics: A Website Walkthrough; Jelena Goldstein & Nick Schaffer (Bureau of Labor Statistics); Tuesday, August 30, 2022; 2:00 – 3:00 p.m. (EDT): Connecting with your Communities: Promoting Voter & Civic Engagement; Kian Flynn (University of Washington, Seattle); Wednesday, September 7, 2022; 2:00 – 3:00 p.m. (EDT): Surviving Tough Economic Times: …

Subjects: Defense, Economy, Education, Financial System, Government Documents, Internet, Knowledge Management, Legal Research, Libraries

10 blockchain startups to watch

VentureBeat: “While many industries have seen a decline in venture capital investment, the blockchain space has continued to enjoy funding. Blockchain startups have found strength in the rise of NFT use cases alongside the convergence of blockchain and other emerging technologies like 5G, augmented reality (AR), virtual reality (VR) and artificial intelligence (AI).  Gartner predicts …

Subjects: Cryptocurrency, Economy, Financial System