Category «Financial System»

The Biggest Digital Heist in History Isn’t Over Yet

Bloomberg: Carbanak’s suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on. “Since late 2013, this band of cybercriminals has penetrated the digital inner sanctums of more than 100 banks in 40 nations, including Germany, Russia, Ukraine, and the U.S., and stolen about $1.2 billion, according to Europol, the …

Subjects: Cybercrime, Economy, Financial System

Artificial Intelligence: Emerging Opportunities, Challenges, and Implications for Policy and Research

Artificial Intelligence: Emerging Opportunities, Challenges, and Implications for Policy and Research; GAO-18-644T: Published: Jun 26, 2018. Publicly Released: Jun 26, 2018. “Artificial intelligence (AI) could improve human life and economic competitiveness—but it also poses new risks. The Comptroller General convened a Forum on AI to consider the policy and research implications of AI’s use in …

Subjects: AI, Cybercrime, Cybersecurity, Financial System, Government Documents, Legal Research

Paper – Text as Data

Text as Data – Matthew Gentzkow, Stanford; Bryan T. Kelly, Yale and AQR Capital Management; Matt Taddy, Chicago Booth: “An ever increasing share of human interaction, communication, and culture is recorded as digital text. We provide an introduction to the use of text as an input to economic research. We discuss the features that make …

Subjects: Economy, Financial System, Knowledge Management

Paper – Regulation of Cryptocurrency Around the World

The Library of Congress: “This report surveys the legal and policy landscape surrounding cryptocurrencies around the world. While not dissimilar in form to the 2014 Law Library of Congress report on the same subject, which covered forty foreign jurisdictions and the European Union, this report is significantly more comprehensive, covering 130 countries as well as …

Subjects: Financial System, Government Documents, Legal Research, Libraries

Financial Aid for Students: Online Resources

Everycrsreport.com – Financial Aid for Students: Online Resources, June 12, 2018 R43108 – “Congressional offices are frequently contacted by constituents who are researching how to pay for postsecondary education. This report identifies various online sources targeted to students and parents that provide information on planning and acquiring funds for postsecondary education. Some resources also contain information …

Subjects: Congress, Education, Financial System, Government Documents

Survey – Majority Of Millennials Blame Baby Boomers For Destroying Their LIves

Axios/Survey Monkey poll: “Millennials, the largest and most significant generation for the US labor market, came of age in the era of broken central bank policies, leading to the greatest wealth, income and inequality gap in recent history. While baby boomers promised millennials the world through (expensive) college degrees, this generation discovered that massive student …

Subjects: Congress, Economy, Education, Financial System, Housing

OpenEDGAR: Open Source Software for SEC EDGAR Analysis

Computational Legal Studies: “Our next paper — OpenEDGAR – Open Source Software for SEC Edgar Analysis is now available.  This paper explores a range of #OpenSource tools we have developed to explore the EDGAR system operated by the US Securities and Exchange Commission (SEC).  While a range of more sophisticated extraction and clause classification protocols can …

Subjects: Financial System, Legal Research, Securities Law

The State of the Nation’s Housing 2018

Joint Center for Housing Studies Harvard University – “The inaugural State of the Nation’s Housing report in 1988 noted that the majority of Americans were well housed and some conditions have improved since then. More than 40 million units have been built over the past three decades, accommodating 27 million new households, replacing older homes, …

Subjects: Economy, Financial System, Housing

Summarizing the FY 2019 House Budget Resolution

Committee for a Responsible Federal Budget, June 19 2018: “House Budget Committee Chairman Steve Womack (R-AR) released his Chairman’s Mark of the House FY 2019 budget resolution. The budget resolution calls for $8.1 trillion of deficit reduction (including rosy growth and other gimmicks), while including reconciliation instructions for committees to enact at least $302 billion …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research

Social Security: What Would Happen If the Trust Funds Ran Out?

Via EveryCRSReport.com – Social Security: What Would Happen If the Trust Funds Ran Out? June 11, 2018: “Social Security’s receipts and expenditures are accounted for through two federal trust funds: the Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and under current law, …

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

New York files suit against President Trump alleging his charity engaged in ‘illegal conduct’

Attorney General Underwood Announces Lawsuit Against Donald J. Trump Foundation And Its Board Of Directors For Extensive And Persistent Violations Of State And Federal Law: “Attorney General Barbara D. Underwood today announced a lawsuit against the Donald J. Trump Foundation, and its directors, Donald J. Trump (“Mr. Trump”), Donald J. Trump, Jr., Ivanka Trump, and …

Subjects: Financial System, Government Documents, Legal Research

CRS – Resources for Key Economic Indicators

Via EveryCRSReport – Resources for Key Economic Indicators – May 30, 2018: An understanding of economic indicators and their significance is seen as essential to the formulation of economic policies. These indicators, or statistics, provide snapshots of an economy’s health as well as starting points for economic analysis. This report contains a list of selected …

Subjects: Economy, Financial System, Government Documents, Legal Research