Money and Computing
Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency
The Internal Revenue Service warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS also offered a step-by-step explanation for how to return the funds and avoid being scammed. Following up on a Security Summit alert issued Feb. 2, the IRS issued this additional warning about the new scheme after discovering more tax practitioners’ computer files have been breached. In addition, the number of potential taxpayer victims jumped from a few hundred to several thousand in just days. more »
The Touch of a Ladybug: Creating a New Class of Flexible, Stretchable Electronically-sensitive Synthetic Materials
Restoring some semblance of the sensation of touch has been a driving force behind Stanford chemical engineer Zhenan Bao's decades-long quest to create stretchable, electronically-sensitive synthetic materials. Such a breakthrough could one day serve as skin-like coverings for prosthetics. But in the near term, this same technology could become the foundation for the evolution of new genre of flexible electronics that are in stark contrast with rigid smartphones that many of us carry, gingerly, in our back pockets. more »
*FOIA Response from HUD Reveals 646% Increase in Foreclosures against Seniors in 2016; HUD Must Do Better Monitoring Servicers When They Report "Non-occupancy" As Reason For Foreclosing
In January 2017, the California Reinvestment Coalition and Jacksonville Area Legal Aid submitted a Freedom of Information Act request to the Department of Housing and Urban Development, seeking data about reverse mortgage foreclosures in HUD’s Home Equity Conversion Mortgage program, and about a new HUD program meant to keep widowed and widower non-borrowing spouses in their homes after the death of their spouse. New data indicates that there was a 646% increase in foreclosures last year against seniors with federally insured reverse mortgages as compared to the previous 7 years. more »
Two Stories: Amazon, Berkshire Hathaway and JPMorgan Chase & Co. to Partner on US Employee Healthcare; As Trump Attacks the Federal Health Law, Some States Try to Shore it Up
Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced today that they are partnering on ways to address healthcare for their US employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making incentives and constraints. "Rather, we share the belief that putting our collective resources behind the country's best talent can, in time, check the rise in health costs while concurrently enhancing patient satisfaction and outcomes," said Warren Buffet of Berkshire Hathaway. more »