Category «Financial System»

What Happened at FTX and What Does It Mean for Crypto?

CRS Insight – What Happened at FTX and What Does It Mean for Crypto? – Updated November 29, 2022: “On Friday, November 11, FTX Trading Ltd. (FTX)—one of the world’s largest and most well-known cryptocurrency exchanges—announced that it had “commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code” in Delaware. Included in …

Subjects: Congress, Cryptocurrency, Economy, Financial System, Legal Research, Legislation

Legal counsel to Justice Alito responds to alleged ethical lapses

Steven Mazie – “I’ve been covering the Supreme Court for only about a decade but I don’t recall seeing a letter from the legal office or seeing a Justice effectively lawyer up in response to allegations. It’s remarkable Justice Alito saw the need to do so here.” The New York Times – Supreme Court Defends …

Subjects: Courts, Financial System, Government Documents, Health Care, Legal Research, Medicine

Billionaires Provided 15 Percent of Funding for the Midterm

“In the 2022 midterms, the 100 largest donors collectively spent 60 percent more than every small donor in the United States combined, according to a Brennan Center analysis of publicly available data. (Small donors are those who give $200 or less.) The wealthy have always wielded disproportionate power over American government. In 1895, GOP strategist …

Subjects: Civil Liberties, Climate Change, Congress, Economy, Energy, Financial System, Government Documents

Private groups swaying SCOTUS litigation

Sen. Whitehouse and Rep. Johnson sent a letter to Chief Justice Roberts on September 7, 2022.”We write as Chairmen of the Senate and House Judiciary Federal Courts Subcommittees to request information regarding another allegation of potentially unethical conduct at the Supreme Court of the United States…“One of the nation’s most important institutions … has been …

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

Tax filing websites have been sending users’ financial information to Facebook

The Verge co-published with The Markup: “Major tax filing services such as H&R Block, TaxAct, and TaxSlayer have been quietly transmitting sensitive financial information to Facebook when Americans file their taxes online, The Markup has learned. The data, sent through widely used code called the Meta Pixel, includes not only information like names and email …

Subjects: E-Government, E-Records, Economy, Financial System, Government Documents, Internet, Legal Research, Privacy, Search Engines, Social Media

Senior Democratic lawmakers demand answers on alleged Supreme Court leak

Politico via Yahoo: “Two senior Democrats in Congress are demanding that Chief Justice John Roberts detail what, if anything, the Supreme Court has done to respond to recent allegations of a leak of the outcome of a major case the high court considered several years ago. Sen. Sheldon Whitehouse (D-R.I.) and Rep. Hank Johnson (D-Ga.) …

Subjects: Civil Liberties, Courts, Financial System, Government Documents, Health Care, Medicine, Privacy

Why Six Top-Ranked Law Schools Left U.S. News in the Dust This Week

Slate: “This essay was adapted from David Lat’s Substack, Original Jurisdiction. Subscribe here. “Wednesday brought huge news to the world of legal education: Yale Law School withdrew from the highly influential U.S. News & World Report law school rankings, and Harvard Law School followed shortly thereafter. The schools announced the decisions on their websites, posting statements from YLS …

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

Data, the New Cotton

Arnett, Chaz, Data, the New Cotton (June 6, 2022). Just Tech: Social Science Research Council (May 25, 2022), U of Maryland Legal Studies Research Paper No. 2022-07, Available at SSRN: https://ssrn.com/abstract=4129512 “The early transformation of the United States into an industrial power is often attributed to our innovative capitalist system. “Capitalism” is a convenient abstraction …

Subjects: Civil Liberties, E-Records, Economy, Financial System, Legal Research

Promoting Global Financial Stability: 2022

Financial Stability Board: Promoting Global Financial Stability: 2022 FSB Annual Report 16 November 2022. “The current economic environment is particularly challenging for financial stability.New shocks may expose a number of current vulnerabilities while a number of vulnerabilities associated with structural changes are emerging. This annual report provides an overview of the FSB’s work to tackle …

Subjects: Economy, Financial System