Category «Financial System»

DOGE Put a College Student in Charge of Using AI to Rewrite Regulations

Wired [no paywall] – A DOGE operative has been tasked with using AI to propose rewrites to the Department of Housing and Urban Development’s regulations—an effort sources are told will roll out across government…A young man with no government experience who has yet to even complete his undergraduate degree is working for Elon Musk’s so-called …

Subjects: AI, E-Government, E-Records, Education, Financial System, Government Documents, Housing, Internet, Knowledge Management, Legal Research

How we could survive in a post‑collapse world

How we could survive in a post‑collapse world, Stephanie Rost. Discover Global Society. Received: 13 November 2024 / Accepted: 24 March 2025. “The potential for societal collapse has become a pressing concern as the impacts of climate change intensify, threatening global stability. This paper explores the multifaceted risks of collapse, emphasizing the interconnected environmental, economic, …

Subjects: Climate Change, Courts, Economy, Education, Environmental Law, Financial System, Knowledge Management

Big Banks Quietly Prepare for Catastrophic Warming

Scientific American CLIMATEWIRE: “Top Wall Street institutions are preparing for a severe future of global warming that blows past the temperature limits agreed to by more than 190 nations a decade ago, industry documents show. The big banks’ acknowledgment that the world is likely to fail at preventing warming of more than 2 degrees Celsius …

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

AI in Finance and Banking, March 31, 2025

Via LLRX – AI in Finance and Banking, March 31, 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, Legal Research

DOGE Plans to Rebuild SSA Code Base in Months, Risking Benefits and System Collapse

Wired – no paywall – DOGE Plans to Rebuild SSA Code Base in Months, Risking Benefits and System Collapse – “The so-called Department of Government Efficiency (DOGE) is starting to put together a team to migrate the Social Security Administration’s (SSA) computer systems entirely off one of its oldest programming languages in a matter of …

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

Has the decline of knowledge work begun?

Boston.com: “The unemployment rate for college graduates has risen faster than for other workers over the past few years. How worried should they be? When Starbucks announced last month that it was laying off more than 1,000 corporate employees, it highlighted a disturbing trend for white-collar workers: Over the past few years, they have seen …

Subjects: AI, Economy, Education, Financial System, Knowledge Management, Microsoft

Internal White House document details plans to fire employees across US agencies

Washington Post – no paywall – “Federal officials are preparing for agencies to cut between 8 and 50 percent of their employees as part of a Trump administration push to shrink the federal government, according to an internal White House document obtained by The Washington Post that contains closely held draft plans for reshaping the …

Subjects: Climate Change, Economy, Education, Environmental Law, Financial System, Government Documents, Health Care, Legal Research

The 41-page blueprint that may help explain Trump’s painful trade wars

Washington Post [unpaywalled]: “…An economic treatise by a top Trump adviser is being read as a roadmap of his tariff policy. But even he says it’s not what Trump is implementing In July 1944, during World War II, hundreds of economic policymakers from dozens of countries gathered at a hotel in Bretton Woods, New Hampshire, …

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

IRS Predicts DOGE Lost Half a Trillion Dollars for the USA

Washington Post via MSN: “Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes or attempt to skip paying balances owed to the Internal Revenue Service, according to three people with knowledge of tax projections. Treasury Department and IRS …

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

White House directs Social Security to cut phone lines and end services

Axios: “The Social Security Administration is rushing cuts to phone services at the White House’s request, the agency’s acting commissioner told Social Security advocates in a meeting on Monday, two sources who attended tell Axios. Why it matters: These changes will strain the already struggling Social Security system and deprive some people of benefits entirely, …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Government Documents

U.S. Government Information: Trump Trackers

Kelly Smith, UC San Diego – These sources [maintained by advocacy groups, law firms, universities, media, think tanks] help researchers track the many changes being made by the Trump administration. The subjects matters are: Apportionment, Cabinet/Appointees; Cabinet/Appointees; Climate/Environment; Congressional Response; Corporate Enforcement; Data Rescue Projects; Executive Orders; Federal Policy; Federal Workforce; Health Care; Immigration; LGBTQ+; …

Subjects: Civil Liberties, Climate Change, Congress, Economy, Environmental Law, Financial System, Government Documents, Health Care, Legal Research, Medicine

Internal USAID 400 page list provides snapshot of Trump cuts

The Hill: “A nearly 400-page list provided to Congress may give rare insight into the scope of Secretary of State Marco Rubio’s cuts to the U.S. Agency for International Development (USAID), which have already roiled the global humanitarian community and shut down programs around the world.  Some of the cuts on the list appear to …

Subjects: Censorship, Civil Liberties, Climate Change, Cybersecurity, Economy, Education, Energy, Financial System, Food and Nutrition, Health Care, Medicine