Category «Financial System»

How Elon Musk Executed His Takeover of the Federal Bureaucracy

The New York Times – no paywall: “It was driven with a frenetic focus by Mr. Musk, who channeled his libertarian impulses and resentment of regulatory oversight of his vast business holdings into a singular position of influence. Without ceding control of his companies, the richest man in the world has embedded his engineers and …

Subjects: Courts, Cryptocurrency, Cybercrime, E-Government, E-Mail, E-Records, Economy, Financial System, Government Documents, Knowledge Management, Legal Research, Social Media, Transportation

DOGE Was Just Rehearsing for Much-Larger-Scale Federal Layoffs

New York – The Intelligencer: “Federal employees and those who depend on the benefits and services they provide have been in shock from the moment the new Trump administration unleashed Elon Musk’s shadowy DOGE operatives to conduct guerrilla warfare on the “deep state.” Chaos and unpredictability have been the hallmarks of the DOGE reign of …

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

Trump Quietly Plans To Liquidate Public Lands To Finance His Sovereign Wealth Fund

American Prospect: “On February 3, 2025, President Donald Trump signed an executive order to create a sovereign wealth fund (SWF), saying the United States will have one of the largest funds in the world. That requires raising trillions of dollars very quickly. For context, Norway’s fund is currently worth $1.8 trillion U.S. dollars. Sovereign wealth …

Subjects: Economy, Environmental Law, Financial System, Government Documents

US Workers Are More Worried Than Hopeful About Future AI Use in the Workplace

“Artificial intelligence is not new to the workplace, but the debut of ChatGPT just over two years ago ushered in an era of rapid expansion. American workers have mixed feelings about how this technology will affect jobs in the future. About half of workers (52%) say they’re worried about the future impact of AI use …

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

What Is OpenAI’s Powerful New Deep Research Tool Capable Of? I Use It to Analyze the Legality of President Trump’s Pause of Federal Grants

Via LLRX – What Is OpenAI’s Powerful New Deep Research Tool Capable Of? I Use It to Analyze the Legality of President Trump’s Pause of Federal Grants – On February 2, 2025 OpenAI released Deep Research, an AI agent capable of completing multi-step research tasks and synthesizing large amounts of online information. OpenAI’s chief product officer …

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

No, 150-Year-Olds Aren’t Collecting Social Security Benefits

Wired:  “Elon Musk has repeatedly claimed that his so-called Department of Government Efficiency (DOGE) project had uncovered massive government fraud when it alleged that 150-year-olds were claiming Social Security benefits. But Musk has provided no evidence to back up his claims, and experts quickly pointed out that this is very likely just a quirk of …

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

How an obscure advisory board lets utilities steal $50b/year from ratepayers

Pluralistic:  “Two figures to ponder. First: if your local power company is privately owned, you’ve seen energy rate hikes at 49% above inflation over the last three years. Second: if your local power company is publicly owned, you’ve seen energy rates go up at 44% below inflation over the same period. Power is that much-theorized …

Subjects: Economy, Energy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, February 22, 2025

Pete Recommends – Weekly highlights on cyber security issues, February 22, 2025 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex …

Subjects: Censorship, E-Records, Economy, Financial System, Internet, Privacy, Social Media

Commencing the Reduction of the Federal Bureaucracy

EXECUTIVE ORDER February 19, 2025. By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.  Purpose.  It is the policy of my Administration to dramatically reduce the size of the Federal Government, while increasing its accountability to the American …

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

Trump expected to take control of USPS, fire postal board, officials say

Washington Post [unpaywalled]: “This is something that does not belong to the president or the White House. It belongs to the American people. That goes for everything else they’re trying to steal too.” The move threatens to upend trillions of dollars in e-commerce business and the 250-year-old Postal Service. President Donald Trump is preparing to …

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

Falsehood of DOGE savings tracker that wants you to think it’s transparent

Fast Company: “The Department of Government Efficiency (DOGE) has updated its website, and in theory, it’s a model of government transparency. The site lists savings the department claims to have made from cuts, along with bar charts and tables that purport to show the department’s work and the size and scope of the federal government. …

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