Category «Financial System»

Blockchain – Innovation or Illusion?

Via Slashdot, EditorDavid: “Adam R. Smith, a software engineer with 40+ years of experience reportedly became frustrated with his friends and associates’ claims about the potential of crypto technology and their subsequent losses of money in various schemes, and set out to write a series of articles explaining what blockchain is and whether it lives …

Subjects: Blockchain, Cryptocurrency, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, February 11, 2023

Pete Recommends – Weekly highlights on cyber security issues, February 11, 2023 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and …

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

Billions in Federal Farm Subsidies Flow to a Select Group of Producers

“EWG’s newly updated Farm Subsidy Database shows that federal farm subsidies between 1995 and 2021 totaled $478 billion. This huge amount of taxpayer money does almost nothing to help farmers reduce their greenhouse gas emissions or adapt to adverse weather conditions caused by the climate crisis. Our database update also shows that farm subsidy funding …

Subjects: Civil Liberties, Economy, Environmental Law, Financial System, Government Documents

Supreme Court justices discussed, but did not agree on, code of conduct

Washington Post: “…It remains an active topic at the court, these people said, and the court’s legal counsel Ethan Torrey prepared a working document of issues for them to consider. There is no timeline for the justices to act, however. Those familiar with the matter spoke on the condition of anonymity to discuss the situation. …

Subjects: Courts, Economy, Financial System, Freedom of Information, Government Documents, Legal Research, Legislation

Far-right judges are crafting a theory that would empower courts to strike down trillions of dollars in federal spending

Slate: “…During his State of the Union address on Tuesday, President Joe Biden criticized Republicans for proposing to “sunset” Medicare and Social Security every five years. In response, many Republican lawmakers booed the president, prompting him to quip, “So, folks, as we all apparently agree: Social Security and Medicare is off the books now.” Perhaps …

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

The Most Important Job Skill of This Century

The Atlantic: “A product race is under way in the world of artificial intelligence. Just this week, Google announced plans to release Bard, a search chatbot based on its proprietary large language model; yesterday, Microsoft held an event unveiling a next-generation web browser with a supercharged Bing interface powered by ChatGPT. Though most big tech …

Subjects: AI, Economy, Education, Financial System, Internet, Knowledge Management

Treasury Report Assesses Opportunities, Challenges Facing Financial Sector Cloud-Based Technology Adoption

“The U.S. Department of the Treasury today released a report, The Financial Sector’s Adoption of Cloud Services, on the potential benefits and challenges associated with the increasing trend of financial sector firms adopting cloud services technology. While cloud services can increase access and reliability for local communities as well as empower community banks to compete …

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

NIST Selects ‘Lightweight Cryptography’ Algorithms to Protect Small Devices

NIST: “Lightweight electronics, meet the heavyweight champion for protecting your information: Security experts at the National Institute of Standards and Technology (NIST) have announced a victor in their program to find a worthy defender of data generated by small devices. The winner, a group of cryptographic algorithms called Ascon, will be published as NIST’s lightweight …

Subjects: E-Records, Financial System, Government Documents, Health Care, Internet, Knowledge Management, Privacy

$122 Billion: The Growing, Annual Cost of the Infant-Toddler Child Care Crisis

Report – Strong Nation.org – ReadyNation – Impact on families, businesses, and taxpayers has more than doubled since 2018. $122 Billion: The Growing, Annual Costof the Infant-Toddler Child Care Crisis. “…ReadyNation’s updated study finds that the nation’s infant-toddler child care crisis now costs $122 billion in lost earnings, productivity, and revenue every year. This staggering …

Subjects: Economy, Financial System

Americans Don’t Understand What Companies Can Do With Their Personal Data

Annenberg School for Communications, University of Pennsylvania: A new survey of 2,000 Americans finds that people don’t understand what marketers are learning about them online and don’t want their data collected, but feel powerless to stop it…In a new report, “Americans Can’t Consent to Companies’ Use of Their Data,” researchers asked a nationally representative group …

Subjects: Cybercrime, Cybersecurity, E-Mail, E-Records, Economy, Financial System, Internet, Knowledge Management, Legal Research, Privacy

New cybersecurity data reveals persistent social engineering vulnerabilities

Tech Republic: “New research from NCC Group and Abnormal Security shows clouds and a bit of silver to line them: Ransomware attacks declined last year, but business email compromises increased — massively for smaller businesses — and a third of toxic emails got through their human gateways. According to risk management firm NCC Group, there …

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

Study: Over 50% of academics admit to pirating research papers

Fast Company: “Piracy has long been a major problem for big businesses, with Netflix just the latest in a growing list of companies to crack down on password sharing. But as recent research shows, piracy is also a growing issue in the world of academic research. More than 50% of academics have used piracy websites …

Subjects: Economy, Education, Financial System, Knowledge Management, Legal Research, Marketing