Category «Financial System»

DOGE’s AI tool misreads law, still tasked with deleting half of US regulations

TechSpot – “Plan demands deletion of 100,000 regulations, projecting $1.5 trillion in savings by 2026 A hot potato: Elon Musk may have long departed the Department of Government Efficiency, but DOGE is still causing controversy. A new report claims that the agency is using a new artificial intelligence tool to create a list of federal …

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

DOGE builds AI tool to cut 50 percent of federal regulations

Washington Post no paywall: “The U.S. DOGE Service is using a new artificial intelligence tool to slash federal regulations, with the goal of eliminating half of Washington’s regulatory mandates by the first anniversary of President Donald Trump’s inauguration, according to documents obtained by The Washington Post and four government officials familiar with the plans. The …

Subjects: AI, Censorship, Climate Change, E-Records, Economy, Education, Energy, Environmental Law, Financial System, Government Documents, Knowledge Management, Legal Research, Search Engines

Retirees Face an $18,100 Benefit Cut in 7 Years

Committee for a Responsible Federal Budget (CRFB) – “The Social Security and Medicare trust funds are only a little more than seven years from insolvency, based on projections from the programs’ own Trustees in combination with our estimates of the impact of the One Big Beautiful Bill Act (OBBBA). The law dictates that when the …

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

Home Insurance Executives Are Raking It In—at Your Expense

American Prospect: “Climate disasters are causing “record-high insurance losses,” a recent CNN article began, citing insurance industry research. The first half of 2025 brought about “a new market reality,” it said, with climate-related losses for insurers setting a record for the January-to-June period. It is true that insurance companies have made some large payouts for …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Legal Research

How big tech is force-feeding us AI

Blood in the Machine: “I do not think it will shock anyone to learn that big tech is aggressively pushing AI products. But the extent to which they have done so might. The sheer ubiquity of AI means that we take for ground the countless ways, many invisible, that these products and features are foisted on …

Subjects: AI, E-Records, Economy, Financial System, Internet, Knowledge Management, Legal Research, Privacy, Search Engines

AI in Finance and Banking, July 15, 2025

Via LLRX – AI in Finance and Banking, July 15, 2025 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided …

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

White House’s plan to downsize the federal government, in charts

Washington Post – no paywall: “President Donald Trump and his advisers have called for dramatically shrinking the size and scope of the federal government, dispatching officials to agency after agency to block funding and slash staffing. The Supreme Court has revived the administration’s efforts to lay off workers, allowing planned reductions in force to resume …

Subjects: Censorship, Climate Change, Courts, Economy, Education, Energy, Environmental Law, Financial System, Food and Nutrition, Government Documents

OPM will disclose civil service benefit and payment data to SSA

Federal Register on 07/17/2025 and available online – SOCIAL SECURITY ADMINISTRATION. [Docket No. SSA-2025-0031]. Privacy Act of 1974; Matching Program AGENCY: Social Security Administration (SSA). ACTION: Notice of a new matching program. SUMMARY: In accordance with the provisions of the Privacy Act, as amended, this notice announces a new matching program with the Office of …

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

Handbook of the Law, Ethics and Policy of Artificial Intelligence

The Cambridge University Press & Assessment Handbook of the Law, Ethics and Policy of Artificial Intelligence (2025), edited by Nathalie Smuha, KU Leuven – is a comprehensive 600-page resource that brings together 30+ leading scholars across law, ethics, philosophy, and AI policy [Open Access – PDF and HTML]. It’s structured into three parts: AI, Ethics & …

Subjects: AI, Defense, Financial System, Health Care, Internet, Knowledge Management, Legal Research

A comparative view of tariffs and sanctions

Beefeater Fella Reports: With a focus on how US measures may impact on Russia – “Here’s a comparative view of the key differences and effects between U.S. sanctions, secondary sanctions, and trade tariffs, with a focus on how they impact Russia: U.S. Sanctions (Primary Sanctions) Definition: Legal restrictions imposed by the U.S. government (usually via …

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

AI is Just a Very Powerful Tool. Don’t Let it Make a Tool Out of You

Tabb Forum: “Forget AI world domination, for the moment – the real story is how it’s making us better. But are you worried AI will make a “tool” out of you? Andrew Dunn, Practice Lead at Streets Consulting, cuts through the hype, exploring AI’s immense power alongside its limitations, and looks at why human intelligence …

Subjects: AI, Economy, Education, Financial System, Internet, Knowledge Management, Legal Research