Intelligencer via MSN – “A new book shows just how much sway the mysterious right-wing Catholic group has — and might have over Trump’s next term… Details of the Opus Dei network in the American capital are a significant part of a new, deeply researched book by British financial journalist Gareth Gore, Opus: The Cult… Continue Reading
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Category Archives: Financial System
Your tax dollars are funding a $64 billion scam
Raw Story: “…Medicare Advantage is not Medicare. These plans are private health insurance provided by private corporations, who are then fully reimbursed by the Medicare trust fund regardless of how much their customers use their insurance. Thus, the more they can screw their customers and us taxpayers by withholding healthcare, the more money they make.… Continue Reading
Big publishers think libraries are the enemy
citation needed, Molly White – Big publishers think libraries are the enemy. The recent Second Circuit decision in Hachette v. Internet Archive is only the latest battle in the war on libraries and the freedom to read: “I’ve seen quips to the effect of “if public libraries were invented today, they’d be outlawed.” The joke… Continue Reading
FBI Publishes 2023 Cryptocurrency Fraud Report
“The FBI on September 9 released its Cryptocurrency Fraud Report for 2023. In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit cryptocurrencies for all schemes, to include tech… Continue Reading
One of the Nation’s Largest Auto Lenders Told Customers We’re Here to Help Then It Took Their Money and Their Cars
ProPublica: “…Exeter is one of the largest auto lenders in the nation, specializing in high-interest loans to people with histories of not paying bills or defaulting on debt, a practice known as subprime lending. The company, which has more than 500,000 active loans and a partnership agreement with CarMax, the country’s largest used car retailer,… Continue Reading
Society at a Glance 2024 OECD Social Indicators
Society at a Glance 2024: OECD Social Indicators, the tenth edition of the biennial OECD overview of social indicators, addresses the growing demand for quantitative evidence on social well-being and its trends. The report features a special chapter on fertility trends which discusses evidence from recent OECD analysis on the effect of labour market outcomes,… Continue Reading
Justice Alito’s Stock Portfolio Stands Apart on US Supreme Court
Bloomberg via Yahho News: “Justice Samuel Alito is the only US Supreme Court member with a stake in more than two dozen individual companies, a distinction that threatens to sideline him from major business cases. Alito or his wife own tens of thousands of dollars of stock in companies including Raytheon Co., ConocoPhillips and a… Continue Reading
Executive Excess 2024
Institute for Policy Studies – The “Low Wage 100” corporations are enriching CEOs at the expense of workers and long-term investment. Introduction Key findings Recommendations Social Toolkit Download full report At a time of intense political divisions, Americans across the political spectrum share enormous common ground on at least one problem facing our nation: the… Continue Reading
In Tied Presidential Race, Harris and Trump Have Contrasting Strengths, Weaknesses
“Ahead of the scheduled Sept. 10 presidential debate between Vice President Kamala Harris and former President Donald Trump, the presidential race is deadlocked. About half of registered voters (49%) say if the election were held today, they would vote for Harris, while an identical share say they would back Trump. With less than two months… Continue Reading
Some Lawyers Using Venmo Are Exposing Confidential Client Information
LawSites – and they May Not Even Know It – “Multiple lawyers who are using the payments app Venmo in their law practices are exposing client information to the public — and they may not even know it. These accounts expose client names and sometimes other details, such as payment amounts, the nature of the… Continue Reading
Gartner Predicts 30% of Gen AI Projects Will Be Abandoned After Proof of Concept By End of 2025
Analysts Explore the Business Value of Generative AI at Gartner Data & Analytics Summit, July 29-30 in Sydney – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to… Continue Reading
AI in Finance and Banking, August 30, 2024
Via LLRX. AI in Finance and Banking, August 30, 2024 This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as… Continue Reading
