Learning
Ruth Bader Ginsburg's Partial Remarks at the University of Buffalo, August 26, 2019: "If I am notorious, it is because I had the good fortune to be alive and a lawyer in the late 1960s"
"At a reception some years ago, a college student asked if I could help her with an assignment. She had one question and hoped to compose a paper by asking diverse people to respond. What, she asked, did I think was the largest problem for the 21st century. My mind raced passed privacy concerns in the electronic age, terrorist threats, deadly weapons, fierce partisan divisions in our legislatures and polity. I thought of Thurgood Marshall’s praise of the evolution of our Constitution’s opening words, 'We, the people,' to embrace once excluded, ignored, or undervalued people — people held in human bondage, Native Americans, women, even men who owned no real property. I thought next of our nation’s motto: E Pluribus Unum, of many, one. The challenge is to make or keep our communities places where we can tolerate, even celebrate, our differences, while pulling together for the common good. 'Of many, one' is the main aspiration, I believe; it is my hope for our country and world." more »
From the GAO: Critical Infrastructure Protection, Key Cyber-related Risks Facing the Financial Sector; Treasury Needs to Improve Tracking of Financial Sector Cybersecurity Risk Mitigation Efforts
Altogether, the sector holds about $108 trillion in assets and faces a variety of cybersecurity-related risks. Key risks include (1) an increase in access to financial data through information technology service providers and supply chain partners; (2) a growth in sophistication of malware — software meant to do harm — and (3) an increase in interconnectivity via networks, the cloud, and mobile applications. Cyberattacks that exploit risks can occur against either public or private components of the sector. For example, in February 2016, hackers were able to install malware on the Bangladesh Central Bank's system through a service provider, which then directed the Federal Reserve Bank of New York to transfer money to accounts in other Asian countries. This attack resulted in the theft of approximately $81 million. more »
Archeologists Unearth Cookware That May Reveal Evidence of Meals from Centuries Ago
If you happen to dig up an ancient ceramic cooking pot, don’t clean it. Chances are, it contains the culinary secrets of the past. A research team led by UC Berkeley archaeologists has discovered that unglazed ceramic cookware can retain the residue of not just the last supper cooked, but, potentially, earlier dishes cooked across a pot’s lifetime, opening a window onto the past. The findings, reported in the journal Scientific Reports, suggest that gastronomic practices going back millennia — say, to cook Aztec turkey, hominy pozole or the bean stew likely served at the Last Supper — can be reconstructed by analyzing the chemical compounds adhering to and absorbed by the earthenware in which they were prepared. more »
New Economic Challenges and the Fed's Monetary Policy Review by Chair of the Federal Reserve Jerome H. Powell
"The persistent undershoot of inflation from our 2 percent longer-run objective is a cause for concern. Many find it counterintuitive that the Fed would want to push up inflation. After all, low and stable inflation is essential for a well-functioning economy. And we are certainly mindful that higher prices for essential items, such as food, gasoline, and shelter, add to the burdens faced by many families, especially those struggling with lost jobs and incomes. However, inflation that is persistently too low can pose serious risks to the economy. Inflation that runs below its desired level can lead to an unwelcome fall in longer-term inflation expectations, which, in turn, can pull actual inflation even lower, resulting in an adverse cycle of ever-lower inflation and inflation expectations." more »