I recently had the opportunity to sit down with Sam Harris, author and host of the Making Sense podcast, for a wide-ranging conversation. Given the moment we’re currently living through, we natural…
Cirque du Soleil, the producer of a number of Las Vegas acrobatic shows, has filed for bankruptcy.
We need to reimagine the DOD. It is horribly bloated, and does not have accounting methods that are understandable.
On June 27, 2020, R. Derek Trunkey, David Arthur, Edward G. Keating, and John Kerman (of CBO’s National Security Division) presented at the Annual Conference of the Western Economic Association International.
It was hard to say what moment was uglier at Donald Trump’s rally in Phoenix: when the president made a racist joke or when his fans urged him to do it.
According to digital forensics expert Hany Farid, the pandemic and BLM movement are even higher priorities for disinformation campaigns than the election.
H.R. 5736 would direct the Department of Homeland Security (DHS) to create a threat assessment and reference aid regarding threats to the United States that are associated with foreign white supremacist organizations. DHS would share the information with state, local, and tribal officials and certain online platforms.
As ordered reported by the House Committee on Homeland Security on February 12, 2020
Do the benefits of new technologies accrue primarily to inventors, early investors, and highly skilled users, or to society more widely as their adoption generates employment growth?
Before COVID-19, President Trump intended to make his stewardship of the American economy the centerpiece of his reelection campaign. Even with the pandemic, he will likely do so, claiming that he made the economy great before and will do so…
Banks had already realized they could do just as much business with less tellers, as consumers learned how to deposit checks with their smartphones, and bank by phone.
As a result of curtailed spending by consumers, banks now hold several trillion dollars more than they did before the pandemic.
It’s good to be a bank.
Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s history. The call is coming from inside the house this time, too—both the projection and the quote come from a recent Wells Fargo report, whose lead author, Mike Mayo, told the Financial Times that he expects the industry to shed 10 percent of all of its jobs.
The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.