Financial services Lessons From a Bank Heist

Lessons From a Bank Heist

Swift can’t do it alone. The Society for Worldwide Interbank Financial Telecommunication, an organization that enables money transfers worldwide, has come under fire after a rash of bank hackings — some of which bear fingerprints of nation-states including North Korea. In response, it announced this week a series of new measures aimed at protecting the global financial system from cybercrime. These steps can’t …

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Social Lawsuit Seeking Transparency in H-1B Lottery Selection Process

Lawsuit Seeking Transparency in H-1B Lottery Selection Process

Recently, the American Immigration Council (Council) and the American Immigration Lawyers Association (AILA) teamed up on a lawsuit against the U.S. Department of Homeland Security and U.S. Citizenship and Immigration Services (USCIS) seeking to “obtain the information needed to provide the public with an understanding of the operating procedures and Defendant USCIS follows when administering …

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Europe How Western Capital Colonized Eastern Europe

How Western Capital Colonized Eastern Europe

Yet another Eastern European country is about to get a populist, anti-immigration, euroskeptic government: Billionaire Andrej Babis’s ANO party enjoys a wide poll lead ahead of the October parliamentary election in the Czech Republic. The central European country would join Poland, Hungary and Slovakia. If that sounds ominous, there is at least one bulwark against extremism …

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bitcoin Robert Shiller wrote the book on bubbles. He says “the best example right now is bitcoin.”

Robert Shiller wrote the book on bubbles. He says “the best example right now is bitcoin.”

Yale economics professor Robert Shiller won the Nobel prize for his work on bubbles. He wrote a seminal book on speculative manias, Irrational Exuberance, a deep analysis of the dramas over the centuries when otherwise sane people drove prices for tulips, stocks, and houses to inexplicable heights.

Tech How to Regulate Artificial Intelligence

How to Regulate Artificial Intelligence

The technology entrepreneur Elon Musk recently urged the nation’s governors to regulate artificial intelligence “before it’s too late.” Mr. Musk insists that artificial intelligence represents an “existential threat to humanity,” an alarmist view that confuses A.I. science with science fiction. Nevertheless, even A.I. researchers like me recognize that there are valid concerns about its impact on weapons, …

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