Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
FT.com $ – “The chief executive of one of Europe’s biggest insurance companies has warned that cyber attacks, rather than natural catastrophes, will become “uninsurable” as the disruption from hacks continues to grow. Insurance executives have been increasingly vocal in recent years about systemic risks, such as pandemics and climate change, that test the sector’s …
How Much Lifetime Social Security Benefits Are Americans Leaving on the Table? David Altig, Laurence J. Kotlikoff, Victor Yifan Ye, November 16, 2022: “Americans are notoriously bad savers. Large numbers are reaching old age too poor to finance retirements that could last longer than they worked. This study uses the 2018 American Community Survey to …
Pudding / Alvin Chang: “Why do super rich people exist in a society? Many of us assume it’s because some people make better financial decisions. But what if this isn’t true? What if the economy – our economy – is designed to create a few super rich people? That’s what mathematicians argue in something called …
The New York Times: “A new wave of chat bots like ChatGPT use artificial intelligence that could reinvent or even replace the traditional internet search engine. Over the past three decades, a handful of products like Netscape’s web browser, Google’s search engine and Apple’s iPhone have truly upended the tech industry and made what came …
Ways and Means Committee report on Trump Taxes Joint Committee on Taxation summary of Trump’s returns. WSJ$ – Donald and Melania Trump Reported Negative Income In Four Years From 2015 Through 2020. “The Trumps paid some form of taxes every year, but paid $750 or less in income taxes in three of the six years.” …
Release of Select Committee Materials Dec 21, 2022 Washington: “Today, the Select Committee had made public 34 transcripts [with redactions] of witness testimony that was gathered over the course of the Select Committee’s investigation into the January 6th attack on the U.S. Capitol. These 34 records can be found on the Select Committee’s website.”
MIT Technology Review: “Last month’s sudden implosion of the popular cryptocurrency exchange FTX has intensified a political war for the soul of crypto that was already raging. In the coming year, we are likely to see that fight come to a head in US courtrooms and in Congress. The future of finance hangs in the …
Axios: “House Ways and Means Committee Democrats voted Tuesday to release to the public several years worth of Donal Trump’s tax returns in the days ahead, ending the long-running battle over the documents’ secrecy. “Lawmakers said it would take some time to first redact sensitive information from the documents, such as Trump’s Social Security number …
The Garden of Forking Paths – “From Elon Musk to Elizabeth Holmes and Donald Trump, many very rich people are effective at convincing us of a myth: they’re secretly a genius, and you’re just too dumb to understand. Are they right?…Elon Musk is part of a small class of extremely rich people who are rich …
Federal Reserve Borad, December 16, 2022 – The stable in stablecoins – Garth Baughman, Francesca Carapella, Jacob Gerszten, and David Mills: “Stablecoins have garnered much attention as a key part of the emerging decentralized finance (or “DeFi”) ecosystem, and as a potential way to pay for goods and services. Stablecoins facilitate trades on crypto exchanges, …
“Today, New York Department of Financial Services (DFS) Superintendent Adrienne A. Harris released Guidance to banking organizations that wish to engage in virtual currency-related activities. The Guidance is applicable to all New York regulated banking organizations, as well as branches and agencies of foreign banking organizations licensed by the Department (“Covered Institutions”). Covered Institutions are …
The Bulwark – Social, economic, and technological trends contribute to widespread feelings of isolation—and there’s a role for policy in making things better. by Chris Murphy: “Today’s Americans should be the least lonely in our nation’s history: More of us than ever before live in densely populated parts of the country, and technology offers us more …
