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The New York Times [free to read]: “The deals have become highly lucrative for the justices, including for those who used court staff members to help research and promote their books. Only three months into Justice Ketanji Brown Jackson’s first Supreme Court term, she announced a book deal negotiated by the same powerhouse lawyer who …
McKinsey Report, July 26, 2023 Generative AI and the future of work in America During the pandemic (2019–22), the US labor market saw 8.6 million occupational shifts, 50 percent more than in the previous three-year period. Most involved people leaving food services, in-person sales, and office support for different occupations. By 2030, activities that account …
Quartz: “The US Securities and Exchange Commission (SEC) wants public companies to be more transparent and forthcoming about “material cybersecurity incidents,” the federal agency said yesterday (July 26). Its new rules, passed by a 3-2 vote, dictate companies must disclose details of incidents and their effect on the bottomline in a section of the Form …
German Foreign Office.: Climate & Conflict. What is the relation between climate change and violent conflicts? Which role do socio-economic scope conditions play in exacerbating climate impact? How can we allow analysts and policymaker to make better decisions — based on heterogenous, multi-faceted information sources?…we are currently investigating dynamic, data-driven hotspot detection as well as …
Tech Crunch: “The U.S. government’s instant payment system, FedNow Service, went live this week. Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. As you …
The New York Times [free link]: “Elite colleges have long been filled with the children of the richest families: At Ivy League schools, one in six students has parents in the top 1 percent. A large new study, released Monday, shows that it has not been because these children had more impressive grades on average …
The FedNow® Service, is now live: “The FedNow Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. “The Federal Reserve built the FedNow Service to help make everyday …
AP via PBS.org: “An IRS plan to test drive a new electronic free-file tax return system next year has got supporters and critics of the idea mobilizing to sway the public and Congress over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else …
Via LLRX, this new semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers and academic papers on the subject of AI’s impact on the banking and finance sectors. July 15, 2023 Column – Chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each …
The Economist [free link] – “Turn your thoughts to the humble tractor. No one quite knows who invented it or when, but all agree that it took a surprisingly long time for such a productivity-enhancing device to make a mark. As late as the 1950s, less than half of American farms reported having the things. …
“What the numbers say: Between 1970 and 2021, climate-related disasters resulted in economic losses of around $4.3T, with tropical cyclones responsible for the highest portion of losses at 38%, closely followed by floods which accounted for 32%. Relevance: According to professional services firm Aon’s 2023 Weather, Climate, and Catastrophe Insight, economic losses from hurricanes increased …
Cornell Ann S. Bowers College of Computing and Information Science – “For years, the financial press has helped inform investors of all stripes. Cornell researchers have discovered it can also inform the algorithm behind a new financial predicting model. In their paper, “News-Based Sparse Machine Learning Models for Adaptive Asset Pricing,” published in Data Science …
