The Internet

Editor's Note: fin·tech, noun. Computer programs and other technology used to support or enable banking and financial services. "fintech is one of the fastest-growing areas for venture capitalists". "By accessing data sets with consumers' personally identifiable information and applying open-source AI tools, a phisher may be able to churn out highly targeted emails to millions of consumers at relatively low cost, containing personalized information such as their bank account number and logo, along with past transactions. In cases such as this, where large data sets and AI tools may be used for malevolent purposes, it may be that AI is the best tool to fight AI." more »

In June 1930, after an exhaustive investigation by the federal government, notorious Chicago gangster Al Capone was indicted for income tax evasion. During a highly publicized trial, the prosecution documented Capone's lavish spending and proof that Capone was aware of his obligation to pay federal income tax but failed to do so. After nearly 9 hours of deliberation, the jurors found Capone guilty of three felonies and two misdemeanors. Capone was sentenced to serve 11 years in prison and to pay $80,000 in fines and court costs. more »

“Right after making a choice and right before finding out about the outcome, the brain is replaying and revisiting nearly every feature of what happened during the previous decision,” said senior author Ming Hsu, an associate professor in the Haas School of Business and Helen Wills Neuroscience Institute at UC Berkeley. “Instead of ‘I just gambled but maybe I shouldn’t have,’ it is, ‘Last round I gambled and that was a really good choice.’ Or, ‘I played it safe last time but should have gone for it.’” more »

Purdue’s 1996-2002 marketing plans for OxyContin, which Kaiser Health News made public this year for the first time, offer an unprecedented look at how that company spent millions of dollars to push opioids for growing legions of pain sufferers. Some of those drugmakers’ sales promotions downplayed or ignored the risks of taking opioids, or made false claims about their safety, federal regulators have asserted in warning letters to the companies. A wave of lawsuits demanding reimbursement and accountability for the opioid crisis now ravaging communities has heightened awareness about how and when drug makers realized the potential dangers of their products. more »