Category «Financial System»

Your tax dollars are funding a $64 billion scam

Raw Story: “…Medicare Advantage is not Medicare. These plans are private health insurance provided by private corporations, who are then fully reimbursed by the Medicare trust fund regardless of how much their customers use their insurance. Thus, the more they can screw their customers and us taxpayers by withholding healthcare, the more money they make. …

Subjects: Congress, Economy, Financial System, Health Care, Medicine

Big publishers think libraries are the enemy

citation needed, Molly White – Big publishers think libraries are the enemy. The recent Second Circuit decision in Hachette v. Internet Archive is only the latest battle in the war on libraries and the freedom to read: “I’ve seen quips to the effect of “if public libraries were invented today, they’d be outlawed.” The joke …

Subjects: Censorship, Economy, Education, Financial System, Free Speech, Internet, Knowledge Management, Libraries, Privacy

FBI Publishes 2023 Cryptocurrency Fraud Report

“The FBI on September 9 released its Cryptocurrency Fraud Report for 2023. In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit cryptocurrencies for all schemes, to include tech …

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

One of the Nation’s Largest Auto Lenders Told Customers We’re Here to Help Then It Took Their Money and Their Cars

ProPublica: “…Exeter is one of the largest auto lenders in the nation, specializing in high-interest loans to people with histories of not paying bills or defaulting on debt, a practice known as subprime lending. The company, which has more than 500,000 active loans and a partnership agreement with CarMax, the country’s largest used car retailer, …

Subjects: Economy, Financial System, Legal Research, Transportation

Society at a Glance 2024 OECD Social Indicators

Society at a Glance 2024: OECD Social Indicators, the tenth edition of the biennial OECD overview of social indicators, addresses the growing demand for quantitative evidence on social well-being and its trends. The report features a special chapter on fertility trends which discusses evidence from recent OECD analysis on the effect of labour market outcomes, …

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

Justice Alito’s Stock Portfolio Stands Apart on US Supreme Court

Bloomberg via Yahho News: “Justice Samuel Alito is the only US Supreme Court member with a stake in more than two dozen individual companies, a distinction that threatens to sideline him from major business cases. Alito or his wife own tens of thousands of dollars of stock in companies including Raytheon Co., ConocoPhillips and a …

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

Executive Excess 2024

Institute for Policy Studies – The “Low Wage 100” corporations are enriching CEOs at the expense of workers and long-term investment. Introduction Key findings Recommendations Social Toolkit Download full report At a time of intense political divisions, Americans across the political spectrum share enormous common ground on at least one problem facing our nation: the …

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

In Tied Presidential Race, Harris and Trump Have Contrasting Strengths, Weaknesses

“Ahead of the scheduled Sept. 10 presidential debate between Vice President Kamala Harris and former President Donald Trump, the presidential race is deadlocked. About half of registered voters (49%) say if the election were held today, they would vote for Harris, while an identical share say they would back Trump. With less than two months …

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

Some Lawyers Using Venmo Are Exposing Confidential Client Information

LawSites – and they May Not Even Know It  – “Multiple lawyers who are using the payments app Venmo in their law practices are exposing client information to the public — and they may not even know it. These accounts expose client names and sometimes other details, such as payment amounts, the nature of the …

Subjects: Cybercrime, Cybersecurity, E-Records, Economy, Financial System, Privacy

Gartner Predicts 30% of Gen AI Projects Will Be Abandoned After Proof of Concept By End of 2025

Analysts Explore the Business Value of Generative AI at Gartner Data & Analytics Summit, July 29-30 in Sydney – At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to …

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

AI in Finance and Banking, August 30, 2024

Via LLRX. AI in Finance and Banking, August 30, 2024 This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as …

Subjects: AI, Cybercrime, Cybersecurity, Economy, Financial System

Wiley set to earn $44m from AI rights deals, ‘no opt-out’ for authors

The Bookseller: “Academic publisher Wiley has revealed it is set to make $44 million (£33 million) from Artificial Intelligence (AI) partnerships that it is not giving authors the opportunity to opt-out from.  The US publisher is the latest to capitalise on deals to give tech firms access to its authors’ content to train their Large …

Subjects: AI, Digital Rights, Education, Financial System, Internet, Knowledge Management