Category «Financial System»

More than $82 million in outside income earned in 2017 by Kushner and Ivanka

Washington Post: “Ivanka Trump and Jared Kushner, the president’s daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according to new financial disclosure forms released Monday. Ivanka Trump earned $3.9 million from her stake in the Trump International Hotel in Washington, while Kushner reported over …

Subjects: Financial System, Government Documents, Legal Research

DOJ Defending Trump’s Ability To Profit From Foreign Officials Staying At His Hotel

BuzzFeed: “The Justice Department argued Monday that President Donald Trump could continue to profit from foreign governments patronizing his hotel in Washington, DC, without violating the US Constitution, as long as he didn’t explicitly provide something in return. The fact that foreign officials were quoted in media reports saying they would spend money at the …

Subjects: Courts, Financial System, Legal Research

The World Isn’t Prepared for Retirement

Bloomberg: It’s not just America. New data show people all over the globe don’t understand basic concepts of investment and inflation. “Most online quizzes are relatively mindless, promising to reveal which vegetable, sandwich or rock band best represents your personality. That was not the case for a short online test given to 16,000 people in 15 countries …

Subjects: Economy, Financial System, Knowledge Management

Why Retaining Older Women in the Workforce Will Help the U.S. Economy

Knowledge@Wharton: “In this opinion piece, researchers Amy Lui Abel and Diane Lim of The Conference Board explain why demographic and economic trends provide an opportunity for older women to expand their role in the labor market. Several female-dominated occupations — especially in health care services — face shortages that will only grow. But given the …

Subjects: Economy, Financial System

Social Security Combined Trust Fund Reserves Depletion Year Remains 2034 Says Board of Trustees

“The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79 percent of …

Subjects: Economy, Financial System, Government Documents

Blockchain, Smart Contracts, and The Law

LexPredict: “When we first open-sourced ContraxSuite, we emphasized the role contract analytics will play in migrating legacy contracts to new smart contracts that are blockchain-enabled. The distributed ledger technology of blockchain has the potential to mitigate risk, streamline processes, and lower the barrier to entry for all market actors. It has the potential to enhance …

Subjects: Economy, Financial System, Legal Research

UN representative reports on extreme poverty and human rights on his mission to US

Via Common Dreams: “The United Nations has released a scathing report on poverty and inequality in the United States. The findings, which will be presented to the U.N. Human Rights Council on June 21, follow an official visit to the United States by Philip Alston, the U.N. special rapporteur on extreme poverty and human rights, …

Subjects: Economy, Financial System, Food and Nutrition, Government Documents, Health Care, Medicine, Poverty

2018 Artificial Intelligence in Finance The Road Ahead

Future Perfect Machine – Artificial Intelligence in Finance: The Road Ahead. May 2018 “Artificial intelligence is reshaping how we work, interact and share information and content. AI technologies are increasingly being incorporated into many of our daily activities. AI opportunities in financial services are broad-based addressing needs in risk assessment, financial analysis, portfolio management, credit …

Subjects: AI, E-Commerce, Economy, Financial System, Knowledge Management, Marketing

OECD – The Future of Business Survey

“The Future of Business Survey is a new source of information on small and medium-sized enterprises (SMEs). Launched in February 2016, the monthly survey – a partnership between Facebook, OECD, and The World Bank – provides timely information on how firms with a digital presence assess the current state and future outlook of their business, …

Subjects: E-Commerce, Economy, Financial System, Government Documents, Social Media

White Collar Prosecutions Fall to Lowest in 20 Years

Transactional Records Access Clearinghouse: “Current prosecution levels represent the lowest number of white collar prosecutions in more than 20 years. Government case-by-case records, updated through April 2018, indicate a total of 3,249 new white collar crime prosecutions were brought during the first seven months of FY 2018. If this level of activity continues at the …

Subjects: Courts, Economy, Financial System, Legal Research

Modern Bank Heists: Cybersecurity Threats Facing the Financial Sector

Carbon Black: “Despite investing heavily in security, financial institutions continue to experience cyber attacks at a rapid pace. Conducted primarily for the purpose of yielding illicit financial gain, cyber attacks against the financial services industry are increasing in sophistication and are often undetectable, global and instantaneous. This will be one of the themes of this …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System