Category «Financial System»

GAO launches New Science & Tech Spotlights

GAO WatchBlog: “GAO has launched a new line of science and tech quick reads, 2-pagers providing brief overviews of key topics in the field. To complement our more in-depth evaluations and assessments, these “Science & Tech Spotlights” summarize emerging innovations and the relevant policy context. In today’s WatchBlog we provide a thumbnail sketch of the …

Subjects: Economy, Financial System, Government Documents, Legal Research

Ten Applications of Financial Machine Learning

López de Prado, Marcos, Ten Applications of Financial Machine Learning (September 22, 2019). Available at SSRN: https://ssrn.com/abstract=3365271 or http://dx.doi.org/10.2139/ssrn.3365271 “This article reviews ten notable financial applications where ML has moved beyond hype and proven its usefulness. This success does not mean that the use of ML in finance does not face important challenges. The main …

Subjects: AI, Economy, Financial System

Fortune Global 500

“The world’s 500 largest companies generated $32.7 trillion in revenues and $2.15 trillion in profits in 2018. Together, this year’s Fortune Global 500 companies employ 69.3 million people worldwide and are represented by 34 countries. Click here to view past years’ lists: 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 InteractiveVisualize the Global …

Subjects: Economy, Financial System, Legal Research

The Extended Corporate Mind: When Corporations Use AI to Break the Law

Diamantis, Mihailis, The Extended Corporate Mind: When Corporations Use AI to Break the Law (July 18, 2019). North Carolina Law Review, Vol. 97, Forthcoming . Available at SSRN: https://ssrn.com/abstract=3422429 or http://dx.doi.org/10.2139/ssrn.3422429 “Algorithms may soon replace employees as the leading cause of corporate harm. For centuries, the law has defined corporate misconduct — anything from civil …

Subjects: AI, Economy, Financial System, Knowledge Management

United States Files Civil Lawsuit Against Edward Snowden

DOJ: “The United States today filed a lawsuit against Edward Snowden, a former employee of the Central Intelligence Agency (CIA) and contractor for the National Security Agency (NSA), who published a book entitled Permanent Record in violation of the non-disclosure agreements he signed with both CIA and NSA. The lawsuit alleges that Snowden published his …

Subjects: Courts, Defense, E-Records, Financial System, Government Documents, Internet, Legal Research

Bipartisan Report Shows Recent Government Shutdowns Cost Taxpayers Nearly $4 Billion, 56,938 Years of Lost Productivity

“U.S. Senators Rob Portman (R-OH) and Tom Carper (D-DE), the Chairman and Ranking Member of the Permanent Subcommittee on Investigations (PSI), today unveiled a new bipartisan report that documents the cost to American taxpayers of the last three government shutdowns and the impacts they had on the economy and core government functions.  The largest direct …

Subjects: Congress, Economy, Financial System, Government Documents

The Work of the Future: Shaping Technology and Institutions

MIT Taskforce on the Future of Work Fall 2019 – “…The world now stands on the cusp of a technological revolution in artificial intelligence and robotics that may prove as transformative for economic growth and human potential as were electrification, mass production, and electronic telecommunications in their eras. New and emerging technologies will raise aggregate …

Subjects: AI, Economy, Financial System, Knowledge Management

GAO Spotlight – Blockchain & Distributed Ledger Technologies

“The technology that allows Bitcoin and other cryptocurrencies to function could profoundly change the way government and industry do business. Distributed ledger technology allows the secure transfer of digital assets without management by a central authority. Instead, participants share synchronized copies of a ledger that records assets and transactions. Changes are visible to all participants. …

Subjects: Economy, Financial System, Government Documents, Legal Research

Expert predicts 25% of colleges will “fail” in the next 20 years

CBSNews: “For the first time in 185 years, there will be no fall semester at Green Mountain College in western Vermont. The college, which closed this year, isn’t alone: Southern Vermont College, the College of St. Joseph, and Atlantic Union College, among others, have shuttered their doors, too. The schools fell victim to trends in …

Subjects: Economy, Education, Financial System

Federal employee information was hacked – DOJ claims cyberattack victims not due compensation

Washington Post: “The Trump administration has asked a federal court to reconsider a ruling that opened the door for potential payments to millions of federal employees and others due to the cybertheft of their personal information. The Justice Department request, filed last week, involves what it calls “massive litigation” stemming from hacks of two government …

Subjects: Courts, Cybercrime, Cybersecurity, E-Records, Financial System, Government Documents, ID Theft, Knowledge Management, Legal Research, Privacy