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House Committee on Oversight and Accountability Hearing – May 23, 2023 – A Failure of Supervision: Bank Failures and The San Francisco Federal Reserve Jeremy Newell, Senior Fellow – Bank Policy Institute & Founder and Principal, Newell Law Office, PLLC – Document Michael E. Clements, Director – Financial Markets and Community Investment, U.S. Government Accountability …
May 23, 2023, “the Biden-Harris Administration is announcing new efforts that will advance the research, development, and deployment of responsible artificial intelligence (AI) that protects individuals’ rights and safety and delivers results for the American people. AI is one of the most powerful technologies of our time, with broad applications. President Biden has been clear …
“The Federal Reserve Board on Monday [May 22, 2023] issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. Overall, the report shows that higher prices have negatively affected most households and overall financial well-being declined over the prior year, though workers continued to …
“IOSCO, the global standard setter for securities markets, has today issued for consultation detailed recommendations to jurisdictions across the globe as to how to regulate crypto-assets. In a major initiative designed to improve global standards of regulation of crypto-assets, IOSCO has set out how clients should be protected and how crypto trading should meet the …
GAO-23-106667. Social Security Series Part 1: Published: May 18, 2023. “Since 2010, the fund that SSA uses to pay benefits to retirees has been paying out more money than it has been receiving in taxes. At the current rate, the fund’s trustees estimate that it will exhaust its reserves in 2033 and be unable to …
Follow up to previous posting – Wyden Statement on Harlan Crow Stonewalling Committee Inquiry, May 17, 2023 – Wyden Responds to Harlan Crow, Restates Questions on Gifts to Clarence Thomas. “New Letter to Crow’s Attorney Outlines Committee Jurisdiction and Extensive Legislative and Investigative History on Gift and Estate Taxes and Billionaire Tax Compliance Senate Finance …
“The Internal Revenue Service submitted a report today to Congress evaluating a Direct File option for taxpayers and is taking steps to begin a pilot project for the 2024 filing season following a directive from the Treasury Department. The report to Congress, required by the Inflation Reduction Act, evaluated the feasibility of providing taxpayers with …
Hansen, Anne Lundgaard and Kazinnik, Sophia, Can ChatGPT Decipher Fedspeak? (March 24, 2023). Available at SSRN: https://ssrn.com/abstract=4399406 or http://dx.doi.org/10.2139/ssrn.4399406 – Yes! This paper investigates the ability of Generative Pre-training Transformer (GPT) models to decipher Fedspeak, a term used to describe the technical language used by the Federal Reserve to communicate on monetary policy decisions. We …
Senate Judiciary Committee Hearing. May 15, 20223 – Oversight of A.I.: Rules for Artificial Intelligence – Hearing video Witnesses – Samuel Altman, CEO OpenAI San Francisco, CA – Download Testimony: “…OpenAI is a leading developer of large language models (LLMs) and other AI tools. Fundamentally, the current generation of AI models are large-scale statistical prediction …
Bruce Mehlman, May 10, 2023 [40 page PDF] “Over the first two decades of the 21 st Century, the U.S. (and world) grew increasingly dependent on: • China (for manufacturing, supply chains & deficit financing) • Digital (as everything digitized, networked & automated) • Easy Money (as low interest rates & QE persisted without serious …
a16zcrypto: “Emerging technologies evolve in cycles; in crypto, this includes periods of high activity, followed by so-called crypto winters. In the period marked by our now-annual State of Crypto report, it would be easy for a casual observer to overlook the rapid progress the crypto industry is making. Major infrastructure improvements like The Merge – …
“New reports about the Supreme Court’s ethics emerge every day. It’s hard to keep track of all the players, relationships and money. Use this Relationship Map updated today (May 5, 2023) as a guide.” Lost your right to vote? Follow the money with this Supreme Court Corruption Map. See also: The U.S. Supreme Court’s Turn …
