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Category Archives: Financial System

Why so many people undercharge for their work

Vox: “How much is this worth?” It seems like a simple enough question. If the question is about a product, it likely comes with a price tag; if it’s a service, chances are it has an accompanying rate. As a customer, you either think it’s worth the price listed or not. When a customer answers… Continue Reading

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

IMF Departmental Paper No 2021/024 October 22, 2021 – “This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between… Continue Reading

Natural Language Processing and the Law

Fleiss, Alexander and Griessel Jr, Paul, Natural Language Processing and the Law (September 15, 2021). Available at SSRN: https://ssrn.com/abstract=3924429 or http://dx.doi.org/10.2139/ssrn.3924429 “Given the complexity of the M&A process, it makes sense that investment bankers have software such as S&P CapIQ, 451 Research, and PitchBook that allow them to instantly look up financial details and effectively… Continue Reading

UVA Law Librarian Sues DOJ to Force Release of List of Corporate Crime Settlements

Corporate Crime Reporter – The Justice Department maintains a comprehensive list of corporate crime settlements. The Trump Justice Department refused to make the list public. And now the Biden Justice Department is refusing to release the list. So last week, Jon Ashley filed a lawsuit to force the Biden Justice Department to release it. Ashley… Continue Reading

Oxford Scientists Find Gene That Doubles Risk of Dying From Covid-19

Bloomberg: “Scientists identified a specific gene that doubles the risk of respiratory failure from Covid-19 and may go some way to explaining why some ethnic groups are more susceptible to severe disease than others. Researchers from the University of Oxford found that a higher-risk version of the gene most likely prevents the cells lining airways… Continue Reading

GAO How the Pandemic is Changing the IRS

GAO Watchdog Blog: “At the onset of the pandemic, IRS had to temporarily shut down its onsite operations, including its mail processing facilities. The impact could be felt by taxpayers, who waited longer for returns to be processed or to receive COVID-related economic relief checks. But the pandemic also disrupted IRS’s tax enforcement programs used… Continue Reading

55 corporations paid no federal income tax in 2020

“Senators Warren, King, and Wyden Announce Updated Proposal To Prevent The Biggest And Most Profitable Corporations From Paying Nothing In Federal Taxes. The Corporate Profits Minimum Tax Would Raise Hundreds of Billions in Revenue While Creating a Fairer Tax System. Updated Proposal to be Included as a Pay-for in the Build Back Better Plan…” Legislative… Continue Reading

Judicial Financial Disclosures Database

Court Listener – From the Free Law Project: “Search and review the biggest database of judicial disclosures ever made. Every year, federal judges must complete lengthy documents listing any investments or other potential sources of conflict that they may have. By statute, these documents are available to the public for six years before they must… Continue Reading

Americans Don’t Trust Their Congressional Maps To Be Drawn Fairly. Can Anything Change That?

FiveThirtyEight: “The United States is in the middle of a once-in-a-decade process: redistricting. And although it’s early yet — 19 states aren’t expected to finalize their maps until next year — a number of states have proposed maps, and there are debates happening all across the country over which ones to pass. Six states have… Continue Reading

Antitrust Needs to Be Simple

The Atlantic: “When violations of the law are hard to punish, authorities will usually give them a pass. Americans have gotten far too used to the idea that corporate behemoths are free to acquire any company they want, engage in predatory behavior, and bully, squeeze out, or demand kickbacks from smaller rivals. Indeed, the U.S.… Continue Reading

The COVID Retirement Boom

Federal Reserve Bank of St. Louis, Miguel Faria e Castro, 2021-10-15 – “The labor force participation rateregistered its largest drop on record in 2020, falling from 63.2 percent in the fourth quarter of 2019 to 60.8 percent in the second quarter of 2020. By the second quarter of 2021, the rate had recovered slightly, to 61.6… Continue Reading