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Bits About Money: “…One of the reasons I covered the checks as a payment method recently was to lay the groundwork for talking about some of the fascinating alternative financial world around them. In the main, this helps people at the socioeconomic margins turn payroll and other checks into cash (or otherwise immediately spendable value) …
Ding, Yuye and Ma, Mark (Shuai), Return-to-Office Mandates (December 25, 2023). Available at SSRN: https://ssrn.com/abstract=4675401 or http://dx.doi.org/10.2139/ssrn.4675401 “Using a sample of Standard and Poor’s 500 firms, we examine determinants and consequences of U.S. firms’ return-to-office (RTO) mandates. Results of our determinant analyses are consistent with managers using RTO mandates to reassert control over employees and …
Vox EU CEPR: “…Our new research calculates what Meta and Google would owe US publishers under a fair payment for the use of their content, and we provide the methodology for calculating these payments so that others can replicate our work. We (conservatively) estimate that Facebook should provide an annual compensation of US$1.9 billion to …
ProPublica: “Scammers have duped consumers out of more than $1 billion by exploiting Walmart’s lax security. The company has resisted taking responsibility while breaking promises to regulators and skimping on training…America’s largest retailer has long been a facilitator of fraud on a mass scale, a ProPublica investigation has found. For roughly a decade, Walmart has …
The Continued Threat to Personal Data: Key Factors Behind the 2023 Increase. Professor Stuart E. Madnick, Ph.D. December 2023: “Around the world, individuals’ most private, most personal data has become a target for cybercriminals. Attacks and data breaches across the globe continue to increase. Even as organizations work to fight back, cybercriminals are constantly finding …
Federal Reserve Bank of San Francisco Economic Letter, January 16, 2024: “The U.S. labor market experienced a massive increase in remote and hybrid work during the COVID-19 pandemic. At its peak, more than 60% of paid workdays were done remotely—compared with only 5% before the pandemic. As of December 2023, about 30% of paid workdays …
The New Yorker [free to read]: “Intellectual property accounts for some or all of the wealth of at least half of the world’s fifty richest people, and it has been estimated to account for fifty-two per cent of the value of U.S. merchandise exports. I.P. is the new oil. Nations sitting on a lot of …
The Guardian: “Philip Anschutz has hosted rightwing justice at resort and stands to benefit if court strips power from federal regulatory agencies. Two days before oral arguments in a US supreme court case set to have a major impact on federal health and environmental regulation, a leading government watchdog called on Neil Gorsuch to recuse …
Via LLRX – AI in Finance and Banking January 15, 2024 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO 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 available, …
Wired: Online trust will reach an all-time low thanks to unchecked disinformation, AI-generated content, and social platforms pulling up their data drawbridges. “For researchers, social media has always represented greater access to data, more democratic involvement in knowledge production, and great transparency about social behavior. Getting a sense of what was happening—especially during political crises, …
H&R Block: “Twenty million tax returns tell us they’re not who they used to be. Middle America—households with income between $45,000 and $145,000—describes most of us. This year’s Outlook on American Life report provides eye-opening insights on some of the less visible forces shaping the economy. It tells the story of two Middles, Millennials and …
Huffington Post: “In many states, the tax code directly widens income inequality — and it’s a deliberate policy choice driven by low or nonexistent income taxes. A sweeping new analysis of taxes across the country reveals that in four out of every five states, the top 1% are paying a lower tax rate than their …
