Category «Financial System»

Supreme Court decision – companies can use arbitration clauses to block employees class action suits

The New York Times: “The Supreme Court on Monday ruled that companies can use arbitration clauses in employment contracts to prohibit workers from banding together to take legal action over workplace issues. The vote was 5 to 4, with the court’s more conservative justices in the majority. The court’s decision could affect some 25 million …

Subjects: Civil Liberties, Congress, Courts, Economy, Financial System, Government Documents, Legal Research, Legislation

Analysis – China, Russia among countries embellishing GDP data

Center for Data Innovation – referencing this Washington Post article: Exposing Faked Economic Data – “Louis Martinez, a professor at the University of Chicago, has published an analysis of 25 years of satellite data that suggests China, Russia, and other authoritarian countries routinely falsify their gross domestic product (GDP). Martinez analyzed changes in nighttime light …

Subjects: Economy, Financial System, Government Documents

New on LLRX – 2018 New Economy Resources and Tools

Via LLRX.com – 2018 New Economy Resources and Tools – This guide by Marcus Zillman provides researchers in multiple disciplines – law, economists, academia, government, corporate, and journalism – the latest, most reliable web resources for discovering sources to meet the multifaceted needs of time sensitive, specific, actionable work product. The global economic landscape is …

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

Robocalls: The global web of scammers who are driving you nuts

Quartz: “It won’t surprise you to hear that robocalls—those insanely annoying pre-recorded messages that are blowing up our phones—have become an epidemic. In the United States, more than 8.5 billion robocalls are made each month, but it’s a global problem in more ways than one. How did we get here? It’s a tangled tale of …

Subjects: Economy, Financial System, Government Documents, Privacy

Financial Regulation: The Economic Growth, Regulatory Relief, and Consumer Protection Act

CRS report – Financial Regulation: The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), May 14, 2018 “The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) was passed by the Senate on March 14, 2018. The bill generally aims to provide regulatory relief to banks, relax mortgage lending rules, relax capital …

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

Cohen files leaked by Treasury law enforcement official turned Whistleblower

New Yorker – Ronan Farrow – “Missing Files Motivated the Leak of Michael Cohen’s Financial Records – A law-enforcement official released the documents after finding that additional suspicious transactions did not appear in a government database.” “Last week, several news outlets obtained financial records showing that Michael Cohen, President Trump’s personal attorney, had used a shell …

Subjects: Censorship, E-Records, Economy, Financial System, Government Documents, Legal Research

TIME magazine cover story – How Baby Boomers Broke America

Steven Brill – How My Generation Broke America [Brill is the author of Tailspin, from which this article is adapted, out this month from Alfred A. Knopf.] This appears in the May 28, 2018 issue of TIME: “Lately, most Americans, regardless of their political leanings, have been asking themselves some version of the same question: …

Subjects: Civil Liberties, Courts, Economy, Financial System, Free Speech, Freedom of Information, Government Documents, Legal Research

Facebook loses fight with IRS over 7B tax bill from overseas income

The Register: “Facebook has lost its bid to throw out a tax bill on $7bn worth of income it had stashed overseas. A Northern District of California judge ruled in favor of the IRS this week, finding the Social Network did not have standing to challenge the tax bod’s finding that Facebook underreported its revenues …

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

Senate Intel Cmte acknowledges Russia interfered in 2016 presidential election in favor of Trump

Washington Post: “The Senate Intelligence Committee has determined the U.S. intelligence community was correct in assessing Russia interfered in the 2016 presidential election with the aim of helping then-candidate Donald Trump, contradicting findings House Republicans reached last month. “We see no reason to dispute the [intelligence community’s] conclusions,” the committee’s chairman, Sen. Richard Burr (R-N.C.), …

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

Ireland’s Open Data Portal

Ireland launches the third version of their national data portal DATA.GOV.IE – Promoting innovation and transparency through the publication of Irish Public Sector data in open, free and reusable formats. “A new and improved version of the national Open Data portal, data.gov.ie was recently launched. It is the third iteration of the portal now using …

Subjects: Courts, Economy, Education, Energy, Environmental Law, Financial System, Government Documents, Internet, Knowledge Management, Legal Research, Transportation

Big banks including JPMorgan Chase, Bank of America, Citigroup and Goldman Sachs say their legal costs are tumbling

BizJournals: The nation’s largest banks — and public companies, for that matter — are preparing for a timeout from the courtroom following years of being pummeled by shareholder and investor lawsuits in the wake of the Great Recession. At the end of 2017, the country’s largest banks collectively decreased their estimates for future legal costs …

Subjects: Courts, Economy, Financial System, Government Documents, Intellectual Property, Legal Research

CFPB techies blast talk of taking down complaint portal

FCW.com: “…Created by the 2010 Dodd-Frank law, the Consumer Financial Protection Bureau is one of the first federal examples of bringing in outside tech talent to deliver government services. “If you’re going to build a government agency from scratch, you’re going to get the chance to do things differently,” one former CFPB senior official told …

Subjects: Censorship, E-Records, Economy, Financial System, Freedom of Information, Government Documents, Legal Research