Category «Financial System»

Commentary – How the FTC Could Have Prevented the Facebook Mess

Techonomy Exclusive – Marc Rotenberg: “Here comes an understatement: Facebook’s failure to protect user data was well known before the company suspended dealings with Cambridge Analytica last week. What is not well known is that the transfer of 50 million user records to the controversial data mining and political consulting firm could have been avoided …

Subjects: Civil Liberties, Economy, Financial System, Government Documents, Legal Research, Privacy, Social Media

Iraq War continues to divide the U.S. public, 15 years after it began

“Fifteen years after the U.S. invasion of Iraq in March 2003, the American public is divided over whether using military force was the right decision. Nearly half (48%) of Americans say the decision to use military force was wrong, while slightly fewer (43%) say it was the right decision, according to a Pew Research Center …

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

Dire predictions for current and forthcoming tax seasons as IRS IT systems decline

NextGov – The IRS System Processing Your Taxes is Almost 60 Years Old: “One of the IRS’ most important tax-processing applications is old enough to be a grandparent, and officials warn a failure during tax season could have dire economic ramifications or delay tax refunds for 100 million Americans. The Individual Master File, a massive …

Subjects: E-Records, Economy, Financial System, Knowledge Management

30 Companies Getting the Most From the Government

24/7 Wall St: “As an economic power, the U.S. government is a juggernaut without equal. According to the Congressional Budget Office, the U.S. government spent $4.0 trillion in 2017. While the largest shares of the federal government’s annual expenditures go towards benefit programs like Social Security and Medicaid, hundreds of billions of federal dollars also …

Subjects: Congress, Economy, Financial System, Government Documents

Status of the Russia Investigation – House Intelligence Committee Democrats

Status of the Russia Investigation, March 13, 2018. See also: Nunes Statement on Russia Investigation “One year ago, the House Permanent Select Committee on Intelligence (HPSCI) initiated its investigation of Russia’s interference in the 2016 U.S. election and pledged to follow the facts wherever they would lead. With yesterday’s announcement that the Majority will be prematurely …

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

America’s junk epidemic

The Week: “No matter what President Trump says, the decline of American manufacturing won’t be reversed by modest tariffs on aluminum and steel. There is more to this issue than industrial metals. Perhaps the largest structural economic crisis this country faces — one that encompasses everything else from outsourcing to stagnant wages to the environment …

Subjects: E-Commerce, Economy, Financial System

Forbes – The Billionaires 2018

Meet The Members Of The Three-Comma Club “Capitalism’s global conquest continues as entrepreneurs around the globe mint fortunes in everything from cryptocurrencies to telecom to bridal dresses. Forbes has pinned down a record 2,208 billionaires from 72 countries and territories including the first ever from Hungary and Zimbabwe. This elite group is worth $9.1 trillion, …

Subjects: Economy, Financial System

CRS – Banking Policy Issues in the 115th Congress

Banking Policy Issues in the 115th Congress, David W. Perkins, Analyst in Macroeconomic Policy. March 7, 2018. “The financial crisis and the ensuing legislative and regulatory responses greatly affected the banking industry. Many new regulations—mandated or authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) or promulgated under the authority of …

Subjects: Congress, Economy, Financial System, Government Documents

CBO Warns Bipartisan Bank Bill Heightens Risk of Financial Crisis

The Intercept: “The Congressional Budget Office confirmed on Monday [March 5, 2018] that bank lobbyists had successfully altered language of the so-called Citigroup carve-out, potentially allowing mega-banks Citi and JPMorgan Chase to add leverage and put more debt-fueled risk on their balance sheets. CBO gave Citi and JPMorgan a 50 percent chance of convincing regulators …

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

Future Workforce Report – How Companies are Embracing Remote Teams to Get Work Done

“With freelancers predicted to become the U.S. workforce majority in the next decade, companies are thinking beyond their city limits to access the talent they need to compete. This report, conducted by an independent research firm and commissioned by Upwork, surveyed more than 1,000 U.S. hiring managers to show how businesses are adapting to the …

Subjects: Economy, Financial System