Category «Financial System»

New York tells banks to prepare for climate change

“New York State Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris on December 21, 2022 announced new proposed guidance for New York State-regulated banking and mortgage institutions (“Institutions”) to help them manage safety and soundness risks related to climate change. DFS is issuing the proposed guidance to support efforts by Institutions to identify, measure, …

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

Regulators warn US banks on crypto risks including ‘fraud and scams’ after FTX collapse

CNBC: “U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of vulnerabilities in the crypto-asset sector,” the regulators said in a joint statement from the Federal …

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

The History of the House – McCarthy loses speaker bid in third vote

Update, January 7, 2022 – McCarthy elected House speaker after historic battle with GOP rebels “The House has a webpage devoted to its history titled History, Art & Archives. “This site is a collaborative project between the Office of the Historian and the Clerk of the House’s Office of Art and Archives. Together, the offices …

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

2022’s US climate disasters, from storms and floods to heat waves and droughts

Ars Technica: “The year 2022 will be remembered across the US for its devastating flooding and storms—and also for its extreme heat waves and droughts. By October, the US had already seen 15 disasters causing more than $1 billion in damage each, well above the average. The year started and ended with widespread severe winter …

Subjects: Climate Change, Economy, Energy, Environmental Law, Financial System, Health Care

Ginni Thomas testimony to Jan. 6 committee

Today, December 30, 2022 the Select Committee made public additional transcripts of witness testimony that was gathered over the course of the Select Committee’s investigation into the #January6th #attack on the U.S. #Capitol. See the 136 page (pdf) testimony of Ginni Thomas. MSN – “I think based on this that Justice Thomas would be well advised …

Subjects: Congress, Courts, Financial System, Government Documents, Legal Research

Google will pay $9.5 million to settle Washington DC AG’s location-tracking lawsuit

engadget: “Google has agreed to pay $9.5 million to settle a lawsuit brought by Washington DC Attorney General Karl Racine, who accused the company earlier this year of “deceiving users and invading their privacy.” Google has also agreed to change some of its practices, primarily concerning how it informs users about collecting, storing and using …

Subjects: E-Records, Economy, Financial System, Internet, Poverty, Search Engines

Ways and Means Committee Votes to Release Investigation of the IRS’s Mandatory Audit Program Under the Prior Administration

WASHINGTON, DC, December 30 2022 — The Ways and Means Committee voted to publicly release the Committee’s investigation of the Internal Revenue Service’s (IRS) Mandatory Audit Program under the prior administration. The Committee’s investigation found the mandatory program was dormant, at best, with only one audit opened while the former President was in office, and …

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

Mastodon and the pros and cons of moving beyond Big Tech gatekeepers

Ars Technica: “As Elon Musk’s Category 5 tweetstorm continues, the once-obscure Mastodon social network has been gaining over 1,000 new refugees per hour, every hour, bringing its user count to about eight million. Joining as a user is pretty easy. More than enough ex-Twitterers are happy finding a Mastodon instance via joinmastodon.org, getting a list …

Subjects: Education, Financial System, Free Speech, Freedom of Information, Internet, Knowledge Management, Social Media

World Weather Attribution

“Since 2015 the World Weather Attribution (WWA) initiative has been conducting real-time attribution analysis of extreme weather events as they happen around the world. This provides the public, scientists and decision-makers with the means to make clear connections between greenhouse gas emissions and impactful extreme weather events, such as storms, floods, heatwaves and droughts. We …

Subjects: Climate Change, Economy, Energy, Environmental Law, Financial System, Food and Nutrition, Transportation

What’s gone at Twitter? A data center, janitors, some toilet paper

The New York Times: “Twitter is said to have stopped paying rent at its Seattle office, leading it to face eviction. Janitorial and security services have been cut, and in some cases employees have resorted to bringing their own toilet paper to the office…Elon Musk has reduced the company to a bare-bones operation, and employees …

Subjects: Economy, Financial System, Internet, Social Media

AI paper mills and image generation require a co-ordinated response from academic publishers

LSE Impact Blog:  “The role of AI in the production of research papers is rapidly moving from being a futuristic vision, towards an everyday reality; a situation with significant consequences for research integrity and the detection of fraudulent research. Rebecca Lawrence and Sabina Alam argue that for publishers, collaboration and open research workflows are key …

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