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“Under Pressure: The Squeezed Middle Class: “Middle-class households feel left behind and have questioned the benefits of economic globalisation. In many OECD countries, middle incomes have grown less than the average and in some they have not grown at all. Technology has automated several middle-skilled jobs that used to be carried out by middle-class workers …
ProPublica: “Just in time for Tax Day, the for-profit tax preparation industry is about to realize one of its long-sought goals. Congressional Democrats and Republicans are moving to permanently bar the IRS from creating a free electronic tax filing system. Last week, the House Ways and Means Committee, led by Rep. Richard Neal, D-Mass., passed …
Automation is an important ingredient driving economic growth and progress. “Automation has enabled us to feed a growing population while allowing workers to transition from subsistence farming to new forms of work. Automation helped moved us from a craft system to mass production, from blue-collar to white-collar to “new collar” work—with better work, higher wages, more jobs, and …
Litigation Finance Journal: “The Center on Civil Justice at NYU School of Law has launched a comprehensive digital library of documents relating the third-party litigation funding industry. The third-party litigation funding industry is young and growing quickly in size and importance. Its supporters maintain the industry, when run properly, provides needed resources to improve the …
Medium Riki Matsumoto – “As the ten year anniversary of the infamous Lehman Weekend has come and gone, it’s important to reflect on the lessons that we learnt. Or in the tragic case of the Office of Financial Research, the independent federal agency Congress set up to identify risks to America’s financial stability; lessons that we …
Artificial Lawyer: “Research by investment bank, Investec, has found that around $1bn was invested into legal tech and related NewLaw businesses in 2018 alone (see below), at least in the major markets. Moreover, capital is expected to keep flowing into this sector in 2019 with consolidation seen as a likely driver of further change. The …
Institute for Women’s Policy Research Report -The Gender Wage Gap by Occupation 2018: “Women’s median earnings are lower than men’s in nearly all occupations, whether they work in occupations predominantly done by women, occupations predominantly done by men, or occupations with a more even mix of men and women. Data for both women’s and men’s …
“The Financial Report of the United States Government (Financial Report) provides the President, Congress, and the American people with a comprehensive view of the federal government’s finances, i.e., its financial position and condition, revenues and costs, assets and liabilities, and other obligations and commitments. The Financial Report also discusses important financial issues and significant conditions …
“The Atlas of Inequality is a project from the Human Dynamics group at the MIT Media Lab and the Department of Mathematics at Universidad Carlos III de Madrid. It is part of a broader initiative to understand human behavior in our cities and how large-scale problems like transportation, housing, segregation or inequality depend in part …
Barron’s: “Equifax, the credit reporting company, is planning to team up with Fair Isaac (ticker FICO)), the creator of the FICO credit score, to sell consumer data to banks, the companies said Wednesday. The goal of the partnership is to take Equifax’s troves of data on millions of Americans and “connecting it and embedding with …
Brookings: “The U.S. leads the global landscape in technology innovation. The country’s competitive edge, according to the World Economic Forum’s 2018 Global Competitive Index, is due to its business dynamism, strong institutional pillars, financing mechanisms, and vibrant innovation ecosystem. Innovation is a trademark feature of American competitiveness and has powered its global dominance since the post-World-War …
Consumer Data Protection: Consumer reporting agencies are companies that collect, maintain, and sell vast amounts of sensitive data. GAO-19-469T: Published: Mar 26, 2019. Publicly Released: Mar 26, 2019. “In 2017, a breach at Equifax, one of the largest companies, compromised at least 145.5 million consumers’ data. “Consumers have little control over what information these companies have, …
