Category «Financial System»

How Humanity Became the Training Data for Its Own Replacement

Shanaka Anslem Perera – The Cognitive Extraction Economy: How Humanity Became the Training Data for Its Own Replacement. “A forensic investigation into the largest uncompensated transfer of intellectual labor in history—and what it reveals about the true architecture of artificial general intelligence. “In October 2025, Stanford University’s Institute for Human-Centered AI released a study that …

Subjects: AI, E-Records, Economy, Education, Financial System, Intellectual Property, Internet, Knowledge Management, Legal Research, Microsoft, Social Media

Bloomberg’s Jealousy List for 2025

Bloomberg’s Jealousy List for 2025 – token access [no paywall], a collection of journalism admired by the magazine’s writers and editors. “For an industry that’s perpetually facing the parallel challenges of diminishing reader trust and declining advertising revenue, the media business sure delivered in 2025. There were way too many podcasts, documentaries, in-depth investigations and …

Subjects: AI, Cryptocurrency, Financial System, Food and Nutrition, Government Documents, Health Care, Internet, Knowledge Management, Legal Research, Privacy

The Loyalty Trap: How Loyalty Programs Hook Us with Deals, Hack our Brains, and Hike Our Prices

Vanderbilt Policy Accelerator & UC Berkeley Center for Consumer Law and Economic Justice – “…But today, as seen with McDonald’s, loyalty programs have evolved into data-harvesting machines that lawmakers should scrutinize as closely as any other surveillance-based business model. They track not just what consumers buy, but who we are, what we search for, and …

Subjects: E-Commerce, Economy, Financial System, Legal Research, Privacy

Say goodbye to the billable hour, thanks to AI

WSJ – via MSN w no paywall [Note – we have heard this mantra for decades….is change arriving in 2026?]: “Rita Gunther McGrath is an academic director in executive education at Columbia Business School and author of “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen.” Is the billable hour about to …

Subjects: Economy, Financial System, Intellectual Property, Internet, Knowledge Management, Legal Research, Marketing

The Economic Consequences of the Second Trump Administration: A Preliminary Assessment

Center for Economic Policy Research: The Economic Consequences of the Second Trump Administration: A Preliminary Assessment, 2nd Edition 315 pages. See John Coates [Harvard Law School] chapter, The Rule of Law, begins on page 33 and includes an addendum on rule of law developments from April to September, starting at page 46. …At the President’s direction, …

Subjects: Censorship, Civil Liberties, Climate Change, Congress, Courts, Economy, Financial System, Freedom of Information, Government Documents, Knowledge Management, Legal Research, Legislation

AI In Finance and Banking, November 30, 2025

Via LLRX – AI In Finance and Banking, November 30, 2025 – 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 …

Subjects: AI, Economy, Financial System, Government Documents, Health Care, Legal Research

Best case: we’re in a bubble. Worst case: the people profiting most know exactly what they’re doing.

Christopher Butler – “After three years of immersion in AI, I have come to a relatively simple conclusion: it’s a useful technology that is very likely overhyped to the point of catastrophe. The best case scenario is that AI is just not as valuable as those who invest in it, make it, and sell it …

Subjects: AI, Economy, Education, Financial System, Internet, Knowledge Management, Legal Research

DOGE ‘doesn’t exist’ – with eight months left on its charter

Follow up to The DOGE Has Arrived and The Story of DOGE, as Told by Federal Workers – see Reuters: “President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump’s pledge to slash the government’s size but which …

Subjects: Censorship, Civil Liberties, E-Government, Economy, Education, Financial System, Government Documents, Internet, Knowledge Management, Legal Research

Nursing Excluded as ‘Professional’ Degree By Department of Education

Nurse.org – The U.S. Department of Education has officially excluded nursing in its recently revamped definition of “professional degree” programs. This change occurs as part of the implementation of President Trump’s “One Big Beautiful Bill Act” (OBBBA) and has nursing organizations nationwide raising alarms. Graduate nursing students will lose access to higher federal loan limits previously …

Subjects: Censorship, Congress, Economy, Education, Financial System, Government Documents, Legislation

How billionaires took over American politics

Washington Post via MSN – “The concentration of wealth among the richest Americans is unlike anything in history — and so is billionaires’ influence in politics. In an era defined by major political divisions and massive wealth accumulation for the richest Americans, billionaires are spending unprecedented amounts on U.S. politics. Dozens have stepped up their …

Subjects: Congress, Energy, Environmental Law, Financial System, Freedom of Information, Government Documents, Legal Research, Legislation

Former CFPB Enforcement Leaders Launch Strategic Litigation Project

“Three enforcement leaders formerly at the Consumer Financial Protection Bureau (CFPB) are joining Protect Borrowers as senior fellows to launch a strategic enforcement project focusing on the weaponization of corporate power that is plunging working people into financial crisis. Eric Halperin, Cara Petersen, and Tara Mikkilineni bring decades of enforcement, litigation, and civil rights experience …

Subjects: Civil Liberties, Economy, Financial System, Legal Research

Wyden Releases New Analysis Detailing How Top JPMorgan Chase Executives Enabled Epstein’s Sex Trafficking Operation

“Senator Ron Wyden, an Oregon Democrat, wants to examine how the nation’s largest bank handled the reporting of more than $1 billion in suspicious transactions. The top Democrat on the Senate Finance Committee issued a report on Thursday calling for an investigation into whether JPMorgan Chase deliberately underreported more than $1 billion in suspicious transactions …

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