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Category Archives: Financial System

CRS Reports – Responding to Major Disaster and Considerations Related to Hurricanes Harvey and Irma

Congressional Primer on Responding to Major Disasters and Emergencies, updated September 8, 2017 – “While the disaster response and recovery process is fundamentally a relationship between the federal government and the requesting state or tribal government, there are roles for congressional offices. For instance, congressional offices may help provide information to survivors on available federal… Continue Reading

Bloomberg – Why American Workers Pay Twice as Much in Taxes as Wealthy Investors

“…Politicians have intentionally set tax rates on wages much higher than those on long-term investment returns. The U.S. has a progressive tax system in the sense that well-paid workers sacrifice much more than poor workers on their “ordinary income.” But Americans with so-called unearned income—qualified dividends and long-term capital gains—get a break. A billionaire investor… Continue Reading

Implementation of facial recognition technology widens across the world

The Economist: “…Technology is rapidly catching up with the human ability to read faces. In America facial recognition is used by churches to track worshippers’ attendance; in Britain, by retailers to spot past shoplifters. This year Welsh police used it to arrest a suspect outside a football game. In China it verifies the identities of… Continue Reading

Fortune – Change the World List

Fortune places JPMorgan Chase at the top of the latest Change the World List – doing well by doing good:  “More companies than ever are using the profit motive to solve a multitude of societal problems. Here’s our third annual list of the best of them. Click here to read more about the list and… Continue Reading

Value of Coastal Wetlands for Flood Damage Reduction in Northeastern USA

The Value of Coastal Wetlands for Flood Damage Reduction in the Northeastern USA. Scientific Reports 7, Article number: 9463 (2017). “As exposure to coastal hazards increases there is growing interest in nature-based solutions for risk reduction. This study uses high-resolution flood and loss models to quantify the impacts of coastal wetlands in the northeastern USA… Continue Reading

Congressional Research Service Reports on Disaster Response

Via FAS [many thanks as always to Steven Aftergood] – a complement of new and recent applicable critical CRS resources on subject matter pertinent to Hurricane Harvey, including flood response and recovery, oils and chemical spills, flood insurance, disaster assistance and housing, and dam safety. These documents are especially important in light of this report… Continue Reading

Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services

World Economic Forum – Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services – Part of the Future of Financial Services series | Prepared in collaboration with Deloitte August 2017. “Consistent with the World Economic Forum’s mission of applying a multistakeholder approach to address issues of global impact, creating this report involved extensive… Continue Reading

WaPo analysis focuses on extent of Washington lobbying by tech companies

“…A Washington Post analysis shows just how broad tech companies’ interests have become in the nation’s capital. According to corporate disclosures that were submitted to the Senate Office of Public Records and screened by the Center for Responsive Politics, some of these tech giants are regularly setting records in their spending on lobbying and are… Continue Reading

Propublica lifts the veil on unreported Trump appointees

ProPublica report [note – the site launched a terrific redesign that helps to highlight the strength of their investigative reporting] “President Donald Trump has left hundreds of government jobs unfilled that require a vote by the Senate. Yet his administration has installed more than 1,000 people through political appointments at every major federal agency, handing… Continue Reading

CBO – Options for Changing the Retirement System for Federal Civilian Workers

“The federal government employs about 2.7 million civilian workers—1.8 percent of the U.S. workforce. Like many employers, the federal government compensates its employees with salaries, wages, and other benefits that are paid as they are earned, as well as deferred compensation in the form of retirement benefits. Lawmakers have expressed interest in examining the current… Continue Reading

SEC Filer Manual – Volume II EDGAR Filing July 2017

July 2017 EDGAR Filer Manual (Volume II) Notice – “Use this EDGAR® Filer Manual when making electronic filings with the United States Securities and Exchange Commission (SEC or “Commission”). See Rule 301 of Regulation S-T. The EDGAR Filer Manual consists of three volumes. EDGAR Filer Manual (Volume I) General Information introduces the requirements for becoming… Continue Reading

Standard Business Reporting: Open Data to Cut Compliance Costs

“Imagine if U.S. companies’ compliance costs could be reduced, by billions of dollars. Imagine if this could happen without sacrificing any transparency to investors and governments. Open data can make that possible. This first-ever research report, co-published by the Data Foundation and PwC, explains how Standard Business Reporting (SBR), in which multiple regulatory agencies adopt… Continue Reading