Category «Financial System»

Texas asks Trump judge to declare most of federal government unconstitutional

Vox: “Earlier this month, Texas’s Republican Attorney General Ken Paxton filed a lawsuit claiming that the $1.7 trillion spending law that keeps most of the federal government — including the US military — operating through September of 2023 is unconstitutional. Paxton’s claims in Texas v. Garland, which turn on the fact that many of the …

Subjects: Courts, Economy, Financial System, Government Documents

Linux Foundation Europe launches the OpenWallet Foundation to power interoperable digital wallets

Tech Crunch: “The Linux Foundation‘s European off-shoot has formally launched the OpenWallet Foundation (OWF), a new collaborative effort designed to support interoperability between digital wallets through open source software. The launch comes some five months after the Linux Foundation first revealed plans to set up the OWF, shortly before it spun out a region-specific entity …

Subjects: Economy, Financial System, Internet

IRS Needs to Complete Modernization Plans and Fully Address Cloud Computing Requirements

Information Technology: IRS Needs to Complete Modernization Plans and Fully Address Cloud Computing Requirements, GAO-23-104719 Published: Jan 12, 2023. Publicly Released: Feb 07, 2023. “The Internal Revenue Service’s (IRS) legacy IT environment includes applications, software, and hardware, which are outdated but still critical to day-to-day operations. Specifically, GAO’s analysis showed that about 33 percent of …

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

Global internet connectivity at risk from climate disasters

E&E News ClimateWire: “The flow of digital information through fiber-optic cables lining the sea floor could be compromised by climate change. That’s according to new research published in the journal Earth-Science Reviews by scientists from the United Kingdom’s National Oceanography Centre and the University of Central Florida. They found that ocean and nearshore disturbances caused …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Internet

Commentary Early thoughts on regulating generative AI like ChatGPT

Brookings, Alex Engler: “With OpenAI’s ChatGPT now a constant presence both on social media and in the news, generative artificial intelligence (AI) models have taken hold of the public’s imagination. Policymakers have taken note too, with statements from Members addressing risks and AI-generated text read on the floor of the House of Representatives. While they …

Subjects: AI, Congress, Economy, Financial System, Government Documents, Internet, Knowledge Management, Legal Research, Legislation, Search Engines

Top Risks in Cybersecurity 2023

Bipartisan Policy Institute – Top Risks in Cybersecurity 2023 – “The Bipartisan Policy Center (BPC) convened a working group of leaders to strengthen America’s cybersecurity. The group’s approach was to identify the nation’s top cybersecurity risks to raise awareness so policymakers and businesses can take pragmatic action and invest in countermeasures. In assembling the working …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Legal Research

Unpriced climate risk and the potential consequences of overvaluation in US housing markets

Gourevitch, J.D., Kousky, C., Liao, Y.(. et al. Unpriced climate risk and the potential consequences of overvaluation in US housing markets. Nat. Clim. Chang. (2023). https://doi.org/10.1038/s41558-023-01594-8 “Climate change impacts threaten the stability of the US housing market. In response to growing concerns that increasing costs of flooding are not fully captured in property values, we …

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

Annual Transparency Index Links Corruption with Increased Violence Globally

“The 2022 Corruption Perceptions Index (CPI), released yesterday by Transparency International, concludes that 95% of countries have made little to no progress fighting corruption since 2017.  This 21st edition of the index ranks 180 countries and territories by experts’ perceived levels of public sector corruption on a scale from 0 (highly corrupt) to 100 (very …

Subjects: Civil Liberties, Economy, Financial System, Free Speech, Freedom of Information, Government Documents, Knowledge Management, Legal Research

Replication Data for Organizations Involved in Humanitarian Action: Introducing a New Dataset

Egger, Clara; Schopper, Doris, 2022, “Replication Data for: Organizations Involved in Humanitarian Action: Introducing a New Dataset“, https://doi.org/10.7910/DVN/52GFWC, Harvard Dataverse – “Although the humanitarian sector has gained prominence in the management of contemporary conflicts, data on the diversity of organizations involved in humanitarian aid are scarce and do not rely on well-founded inclusion criteria. This …

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

Nine years of ranking the most influential companies driving tropical deforestation

“2023: A watershed year for action on deforestation – For nine years, Global Canopy’s Forest 500 has tracked the policies and performance of the 350 most influential companies and 150 financial institutions linked to deforestation in their supply chains and investments. We are three years past the 2020 deadline that many organisations set themselves to …

Subjects: Civil Liberties, Climate Change, Economy, Energy, Environmental Law, Financial System

CBO – Federal Debt and the Statutory Limit, February 2023

“CBO projects that, if the debt limit is not raised or suspended, the government’s ability to issue additional debt—other than to replace maturing securities—will be exhausted between July and September 2023. The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or …

Subjects: Economy, Financial System, Government Documents

Why you shouldn’t trust AI search engines

MIT Technology Review: “…Approximately two seconds after Microsoft let people poke around with its new ChatGPT-powered Bing search engine, people started finding that it responded to some questions with incorrect or nonsensical answers, such as conspiracy theories. Google had an embarrassing moment when scientists spotted a factual error in the company’s own advertisement for its chatbot Bard, …

Subjects: AI, Financial System, Internet, Knowledge Management, Legal Research, Microsoft, Search Engines, Social Media