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Via NBER – Loose Monetary Policy and Financial Instability. Maximilian Grimm, Òscar Jordà, Moritz Schularick & Alan M. Taylor “Do periods of persistently loose monetary policy increase financial fragility and the likelihood of a financial crisis? This is a central question for policymakers, yet the literature does not provide systematic empirical evidence about this link …
Jiang, Erica Xuewei and Matvos, Gregor and Piskorski, Tomasz and Seru, Amit, Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? (March 13, 2023). Available at SSRN: https://ssrn.com/abstract=4387676 or http://dx.doi.org/10.2139/ssrn.4387676 “We analyze U.S. banks’ asset exposure to a recent rise in the interest rates with implications for financial stability. The …
The Economist – See the visualization here: “Left-of-centre Americans often bemoan their country’s Senate, in which each state gets two seats regardless of population. This has always given the least populous states extra sway in the upper chamber of Congress. But in recent years, smaller states have become more Republican, and Democrats have called for …
TechDirt: “Earlier this week there was finally a hearing in the case brought by the big book publishers to kill off libraries. That, of course, is not how the publishers describe the lawsuit, but it’s absolutely what the lawsuit is about. We’ll get to some of the details in a moment, but we’ve joked in …
“The Federal Trade Commission today proposed a “click to cancel” provision requiring sellers to make it as easy for consumers to cancel their enrollment as it was to sign up. That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments. The new click to cancel …
Washington Post: “Some employers are using AI to assess video interviews candidates do on their own time without a human on the other side. Depending on the software, the AI can evaluate a candidate’s communication skills, problem-solving skills, initiative, professionalism and attitude. And ultimately, the AI screening could eliminate you before you ever speak to …
The Salt Lake Tribune: “Frustrated by the books being removed from school libraries, a Utah parent says there’s one that hasn’t been challenged yet, but that they believe should be, for being “one of the most sex-ridden books around.”So they’ve submitted a request for their school district in Davis County to now review the Bible …
Engadget – “From bunk Beanie Babies to signal-stealing cable boxes, Brett Johnson has scammed them all. The internet has connected nearly everybody on the planet to a global network of information and influence, enabling humanity’s best and brightest minds unparalleled collaborative capabilities. At least that was the idea, more often than not these days, it …
Washington Post: The numbers: About 1 in 20 U.S. adults — roughly 16 million people — own at least one AR-15, according to new polling data from The Post and Ipsos. How it happened: The industry embraced the gun’s political and cultural significance as a marketing tool after a federal assault weapons ban expired in …
Via LLRX – Pete Recommends – Weekly highlights on cyber security issues, March 25, 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 …
The Verge: “The chatbots are out in force, but which is better and for what task? We’ve compared Google’s Bard, Microsoft’s Bing, and OpenAI’s ChatGPT models with a range of questions spanning common requests from holiday tips to gaming advice to mortgage calculations. Naturally, this is far from an exhaustive rundown of these systems’ capabilities …
Ever / Helen Jiang: “Whenever a client wants to skirt the edges of copyright law, the usual response of copyright lawyers is: “Do you really want to find out?” That is…do you actually want to learn how much you’d owe in damages from copyright infringement? I heard this a lot from lawyers when I ran …