Category «Financial System»

Global Risks Report 2023

World Economic Forum: Cost of living dominates global risks in the next two years while climate action failure dominates the next decade. “As 2023 begins, the world is facing a set of risks that feel both wholly new and eerily familiar. We have seen a return of “older” risks – inflation, cost-of-living crises, trade wars, …

Subjects: Economy, Energy, Environmental Law, Financial System, Government Documents, Health Care, Legal Research

Visualizing Congressional Productivity

Center for Data Innovation: The Economist has created a visualization tracking productivity in the U.S. Congress. The visualization shows the number of major bills passed in every session of Congress from 1947 to 2023 as well as the party that held control over the House, Senate, and presidency during each session. In the visualization, bills …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

USITC Launches New Investigations Database System

“The United States International Trade Commission (USITC) today deployed the Investigations Database System (IDS), an innovative new data management tool that captures, manages, and displays USITC investigation-related information. Users are encouraged to visit the USITC website at https://ids.usitc.gov to explore this new tool. A major new feature is the ability to conduct quick searches and …

Subjects: E-Government, Economy, Financial System, Knowledge Management, Legal Research, Search Engines

How Policymakers Can Thwart the Rise of Fake Reviews

Center for Data Innovation: As businesses compete for customers in the digital economy, some use deceptive tactics to manipulate consumer reviews about their goods or services, or those of their competitors, including by posting fake reviews. These fake reviews can damage honest companies’ reputation and deceive consumers into purchasing goods or services of substandard quality. …

Subjects: Economy, Financial System, Government Documents, Intellectual Property, Legal Research, Legislation

Close to 40% of multinational profits are shifted to tax havens each year

Missing Profits: “Researchers from the University of California, Berkeley and the University of Copenhagen estimate that close to 40% of multinational profits (close to $1 trillion in 2019) are shifted to tax havens each year. This shifting reduces corporate income tax revenue by more than $200 billion, or 10% of global corporate tax receipts. Explore …

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

OpenAI begins piloting ChatGPT Professional, a premium version of its viral chatbot

Tech Crunch: “OpenAI this week signaled it’ll soon begin charging for ChatGPT, its viral AI-powered chatbot that can write essays, emails, poems and even computer code. In an announcement on the company’s official Discord server, OpenAI said that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure [the …

Subjects: AI, Financial System, Knowledge Management, Legal Research

Moderna CEO: 400% price hike on COVID vaccine “consistent with the value”

Ars Technica: “Moderna is considering raising the price of its COVID-19 vaccine by over 400 percent—from $26 per dose to between $110 and $130 per dose—according to a report by The Wall Street Journal [Moderna Considers Price of $110-$130 for Covid-19 Vaccine Commercial price is similar to Pfizer’s plans for after government contracting ends.] Ars …

Subjects: Financial System, Health Care, Medicine

Billion-Dollar Weather and Climate Disasters

NOAA – “The U.S. has sustained 341 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2022). The total cost of these 341 events exceeds $2.475 trillion. In 2022, there were 18 weather/climate disaster events with losses exceeding $1 billion each to affect the United States. …

Subjects: Climate Change, Economy, Environmental Law, Financial System, Government Documents, Housing, Legal Research, Transportation

What are Large Global Banks Doing About Climate Change?

What are Large Global Banks Doing About Climate Change? Daniel O. Beltran, Hannah Bensen, Amy Kvien, Erin McDevitt, Monica V. Sanz, and Pinar Uysal. January 2023 – We review the “climate action plans” of Global Systemically Important Banks (GSIBs) and the progress they are making toward achieving them. G-SIBs have identified the drivers of climate …

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

The Supply and Demand of Legal Help on the Internet

Hagan, Margaret, The Supply and Demand of Legal Help on the Internet (October 17, 2022). Margaret D. Hagan “The Supply and Demand of Legal Help on the Internet,” Legal Tech and the Future of Civil Justice, edited by David Freeman Engstrom. Cambridge University Press, Forthcoming., Available at SSRN: https://ssrn.com/abstract=4250390 “Faith in technology as a way …

Subjects: Civil Liberties, Courts, Economy, Education, Financial System, Government Documents, Internet, Legal Research, Search Engines

OpenAI, the company behind ChatGPT, in talks for tender offer

MarketWatch: “Artificial-intelligence research company OpenAI is in discussions over potentially selling at least $300 million in shares in a tender offer that would give it a roughly $29 billion valuation, the Wall Street Journal reported Thursday. The offering of shares of OpenAI — known for AI programs like the chatbot ChatGPT and the image-generator Dall-E …

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