DIRS.INFO The most relevant business & tech news

☆ Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet
▼ + stars: | 2023-05-01 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

But the agency will have to provide a more detailed response if Ripple, Coinbase or crypto groups that have filed friend-of-the-court briefs pushing major questions doctrine arguments manage to pique a judge’s interest. Former Coinbase manager Ishan Wahi expanded on the major questions theory last February in his motion to dismiss the SEC’s insider trading case. Under the major questions doctrine, they said, the SEC does not have the requisite Congressional authority to regulate digital assets. Coinbase’s contention in that paper, released last Thursday, is all-encompassing: The major questions doctrine, according to Coinbase counsel at Sullivan & Cromwell, “forecloses” regulation of the trillion-dollar crypto industry. But if the SEC moves ahead with a case against Coinbase, the major questions doctrine could turn out to be, well, a major question.

Supreme Court justices are under renewed scrutiny due to recently uncovered financial dealings. That's a question that the Romans asked over 2,000 years ago," Doron Kalir, a professor at Cleveland-Marshall College of Law and an expert in legal ethics, told Insider. But parties arguing before the Supreme Court cannot challenge justices for a lack of recusal like people can in lower courts. There is an official Code of Conduct for Federal Judges, but it applies to all federal judges except the Supreme Court justices, simply because that's what the Supreme Court decided, according to Kalir. "That's what the Supreme Court decided, and they're supreme," Kalir told Insider.

☆ Jane Roberts, who is married to Chief Justice John Roberts, made $10.3 million in commissions from elite law firms, whistleblower documents show
▼ + stars: | 2023-04-28 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +20 min

Jane Roberts was paid more than $10 million by a host of elite law firms, a whistleblower alleges. At least one of those firms argued a case before Chief Justice Roberts after paying his wife hundreds of thousands of dollars. And I realized that even the law firms who were Jane's clients had nowhere to go. Mark Jungers, another one of Jane Roberts' former colleagues, said that Jane was smart, talented, and good at her job. But whether that committee has the authority to discipline Thomas or any other Supreme Court Justice remains a matter of murky constitutional interpretation, to be ultimately decided by the Supreme Court itself.

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ Justice Clarence Thomas' troubles reveal a much larger accountability issue lurking in the Supreme Court
▼ + stars: | 2023-04-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +13 min

Supreme Court Justice Clarence Thomas is facing a wave of misconduct allegations in recent weeks. The Supreme Court did not immediately respond to a request for comment on the allegations. What was your initial reaction to Monday's Bloomberg report regarding the 2004 appeals case that Justice Thomas failed to recuse himself from? Associate Supreme Court Justice Clarence Thomas. The point is that the issue should not be punishing Justice Thomas or punishing Justice Gorsuch.

REUTERS/Leah MillisWASHINGTON, April 26 (Reuters) - Incumbent President Joe Biden entered the 2024 election race on Tuesday with something he didn't have two-and-a-half years ago: a record in the White House. Critics also say that increased federal spending under Biden, including $750 million on climate change and tax breaks, also drove inflation higher. Biden may have worse cards in 2024, with unemployment likely to rise as growth slows, interest rates remaining high and inflation holding above pre-pandemic levels. Biden also dismissed the sentences of thousands of people with federal offenses for simple marijuana possession, a disproportionately non-white group. The Biden administration also has faced scrutiny over its handling of record numbers of unaccompanied children crossing the U.S.-Mexico border illegally.

☆ TikTok ban is the least palatable of options
▼ + stars: | 2023-04-26 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

Montana is following a movement around the United States to try to keep Americans from using TikTok. That has consequences: The United States has never pulled a platform used by so many people to communicate. China, which before TikTok had never cracked the U.S. market with a successful social media network, is unlikely to let ByteDance part with TikTok. More recently the company had been working with the Committee on Foreign Investment in the United States to ease concerns. TikTok users in the United States could still binge on short videos, but the company – and its rivals – would face tougher constraints.

☆ Fact Check- Video of two uniformed men fighting with people was filmed in Missouri in 2022, not in Chicago
▼ + stars: | 2023-04-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

“Policing Chicago in 2023: Potentially fatal attack, immediately followed by street ‘performance,’” reads a tweet where the clip has been viewed at least 289,000 times (archive.ph/6HI7s)The video, however, was not filmed in 2023 or in Chicago. Fox 4 News reported the scene took place in Kansas City’s Westport district on the night of Nov. 20, after a Kansas City Chief’s game (here). Images on Google Street View corroborate the video was filmed in the proximity of a World Market store in Kansas City (bit.ly/40vkfrv). Reuters debunked other old or miscaptioned videos circulating in April 2023 claiming to show scenes in Chicago (here). This clip was filmed in Kansas City and dates to at least November 2022.

☆ Biden Is Running on His Record (and Away From It)
▼ + stars: | 2023-04-25 | by ( Peter Baker | ) www.nytimes.com time to read: +2 min

“Under my predecessor, infrastructure week became a punchline,” Mr. Biden told the union members, mocking former President Donald J. Trump’s failure to pass legislation rebuilding the nation’s worn public facilities that his successor did succeed in enacting. “On my watch, infrastructure has become a decade headline — a decade.”Mr. Trump, now seeking a rematch against Mr. Biden in 2024, gave his potential opponent no credit. Some of those were never realistic in the first place, but Mr. Biden was the one to highlight them as priorities. But inflation rocketed up to its highest level in four decades, which some critics blamed on excessive federal spending under Mr. Biden, although cost increases have been a global phenomenon. Likewise, gas prices shot up to record levels.

☆ U.S. policing AI at companies to make sure it doesn't violate civil rights
▼ + stars: | 2023-04-25 | by ( Chris Prentice | ) www.reuters.com time to read: +1 min

April 25 (Reuters) - U.S. officials on Tuesday warned financial firms and others that use of artificial intelligence (AI) can heighten the risk of bias and civil rights violations, and signaled they are policing marketplaces for such discrimination. Increased reliance on automated systems in sectors including lending, employment and housing threatens to exacerbate discrimination based on race, disabilities and other factors, the heads of the Consumer Financial Protection Bureau, Justice Department's civil rights unit, Federal Trade Commission and others said. "Claims of innovation must not be cover for lawbreaking," Lina Khan, chair of the Federal Trade Commission, told reporters. The Consumer Financial Protection Bureau is trying to reach tech sector whistleblowers to determine where new technologies run afoul of civil rights laws, said Consumer Financial Protection Bureau Director Rohit Chopra. If companies do not even understand the reasons for the decisions their AI is making, they cannot legally use it, Chopra said.

☆ Susan Rice to step down as Biden's domestic policy chief
▼ + stars: | 2023-04-24 | by ( Carol E. Lee | ) www.cnbc.com time to read: +6 min

Susan Rice speaks on December 11, 2020, after being nominated to be Director of the White House Domestic Policy Council by US President-elect Joe Biden (R), in Wilmington, Delaware. President Joe Biden's domestic policy adviser, Susan Rice, is stepping down from her post next month, multiple current and former senior administration officials told NBC News. White House chief of staff Jeff Zients said Rice, who served as national security adviser during the Obama administration, has been critical to driving Biden's agenda and has taken the Domestic Policy Council "to new heights." Rice, who was on Biden's short list for vice president, entered the job without a domestic policy background, having served in foreign policy roles during the Obama and Clinton administrations. Deputy White House chief of staff Jen O'Malley Dillon echoed Klain's praise in a written statement.

Gail Collins: Well, Bret it looks like Joe Biden will be announcing his re-election bid this week. Gail: I know you disagree with him on many issues, particularly relating to the economy. But given the likely Republican presidential candidates, any chance you’ll actually be able to avoid voting for him? It says something about the state of the Republican Party that the two current front-runners — let’s call them Don Caligula and Ron Torquemada — are nonstarters for a voter like me. And I’m a guy who believes in low taxes, a strong military, broken-windows policing, entitlement reform, a border wall and school choice.

☆ U.S. shares with European banks ways Russia is evading sanctions
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 23 (Reuters) - The U.S. on Sunday said it shared information with European bankers, government officials and business leaders to clamp down on Russia's tactics to try to skirt Western sanctions. Brian Nelson, Treasury undersecretary for terrorism and financial intelligence, held briefings last week in Switzerland, Austria, Germany and Italy to promote more effective policing of sanctions imposed over Russia's invasion of Ukraine, the Treasury said in a statement. Nelson shared details on some of the most critical military goods that Russia is trying to acquire, including optical devices, electronics and manufacturing equipment, the Treasury said. Other warnings signs include frequent or last-minute changes of end-users or payees, or redirection of goods to third countries that have limited or no restrictions on re-exports to Russia, the department said. Reporting by David Lawder; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ NAACP sues Mississippi over its expanded control of law enforcement in the state's capital, which the organization says will create 'separate and unequal policing'
▼ + stars: | 2023-04-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

The NAACP sued Mississippi over two new laws created to combat crime in the capital city of Jackson. The civil rights organization said the laws signed by Gov. The House bill establishes a new court system while the Senate bill expands an enforcement area. Tate Reeves after he signed into law two bills that would give state officials more control over law enforcement in Jackson, the state's majority-Black capital city. "Lawmakers and Jackson residents have opposed both bills throughout the legislative session, citing outside attempts to increase policing without adequate training, silence dissent from Jackson residents, and strip residents of their voting power to elect judges and district attorneys who serve their interests," the organization said in a statement.

☆ N.A.A.C.P. Sues Mississippi Over Laws on Policing and the Courts in Jackson
▼ + stars: | 2023-04-23 | by ( Neelam Bohra | Eliza Fawcett | ) www.nytimes.com time to read: +1 min

In another sign of the deep rift in Mississippi between white state lawmakers and Black residents of its capital, Jackson, the N.A.A.C.P. is suing state leaders over two new laws that it says create a “separate and unequal” structure involving the police and courts in the city. The laws, passed by the overwhelmingly white and Republican Legislature and signed on Friday by Gov. Tate Reeves, also a Republican, establish state control of policing and the judicial system in much of Jackson, something not done in other cities in the state, according to the N.A.A.C.P. The city’s leaders are mostly Black and Democratic, and 80 percent of its 150,000 residents are Black.

☆ A Black teen’s murder sparked a crisis over racism in British policing. Thirty years on, little has changed
▼ + stars: | 2023-04-22 | by ( Katie Polglase Sarah El Sirgany Ivana Kottasová Martin Bourke Oscar Featherstone | Katie Polglase | Sarah El Sirgany | ) edition.cnn.com time to read: +14 min

His killing and the subsequent failure of the London Metropolitan Police Service to properly investigate the crime sparked a national outcry. Within days of his killing at a bus stop in southeast London, five White teens were identified as being involved. It took years of campaigning by the Lawrence family — and public support from the likes of Nelson Mandela and the national press — to get the investigation moving. While an initial investigation by then-police watchdog the Independent Police Complaints Commission cleared the police of any wrongdoing, the Rigg family kept fighting. Matthew Brealey/CNNFinding peaceAs the Lawrence family and their supporters mark the 30th anniversary of Stephen’s killing, they are still fighting for his killers to face justice.

☆ Members of the Kennedy dynasty explain why they will not support anti-vaxxer Robert F. Kennedy Jr. 2024 presidential bid against Biden
▼ + stars: | 2023-04-22 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Robert F. Kennedy Jr. is challenging President Joe Biden for the 2024 Democratic nomination. The nephew of former President John F. Kennedy officially announced his long-shot bid to challenge President Joe Biden for the nomination at an event in Boston on Wednesday. Kerry Kennedy, one of his sisters, told Insider in a statement that she will not be supporting her brother's bid. I will be supporting President Joe Biden." Not only have family members long opposed his views on vaccines, three of his siblings are diplomats for the Biden administration.

☆ U.S. financial regulators to tighten rules on non-bank firms, risk assessment
▼ + stars: | 2023-04-21 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, April 21 (Reuters) - The Financial Stability Oversight Council on Friday proposed guidance to make it easier to designate non-bank financial institutions for regulatory supervision and new procedures to better identify and respond to financial system risks. U.S. Treasury Secretary Janet Yellen has raised concerns about non-bank financial institutions, including hedge funds, private equity firms and pension funds as a potential source of financial instability because of a lack of supervision and. The new guidance removes some "inappropriate hurdles" to designating non-bank firms and replaces them with a process that allows for firms under review to have significant engagement with regulators. RISKS, VULNERABILITIESFSOC's proposed new risk assessment framework aims to enhance the council's ability to address financial stability risks by reviewing a broad range of asset classes, institutions and activities, according to a Treasury fact sheet. The new framework also specifies vulnerabilities that FSOC and member regulators would consider when evaluating potential stability risks.

That man was the military commandant of Balakliia, a key figure in Russia’s six-month occupation of the eastern Ukrainian town. Town residents knew the commandant only by his call sign of “Granit,” the Russian word for granite, as Reuters reported in an October investigation into Moscow’s withdrawal from the town. One of the documents listed Valery Sergeyevich Buslov as among the Russian officers present in Balakliia, stating his role was military commandant. He has served as the Kaliningrad garrison’s military commandant, responsible for maintaining discipline among troops and sailors stationed there, according to a 2019 military newspaper article. By May, the military commandant had arrived in Balakliia, according to Oleksandr, one of the two female residents and another local woman.

LONDON, April 19 (Reuters) - Britain said on Wednesday that any intimidation on British soil of foreign nationals by China or other states was unacceptable and that it was investigating the matter, responding to a media report about a so-called secret Chinese police station. Britain has previously said that reports of undeclared police stations in the country were "extremely concerning," and that the police were looking into the issue. Earlier this week, U.S. federal agents arrested two New York residents for allegedly operating a Chinese "secret police station" in the Chinatown district of Manhattan. On Wednesday, Britain's policing minister Chris Philp said the government was aware of about 100 such stations around the world. "This government takes interference with foreign nationals here, transnational intimidation, extremely seriously.

☆ London Marathon could face potential disruption from environmental groups
▼ + stars: | 2023-04-19 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

It’s genocidal.”Just Stop Oil have glued themselves to roads, ziplocked their necks to goal posts, blockaded oil facilities and targeted iconic artwork. More recently, two Just Stop Oil activists caused delays at the World Snooker Championship after storming the tables and throwing orange powder paint on one of the playing surfaces. “It’s time for everyone to join us in civil resistance or face the loss of everything we know and love. A Just Stop Oil protester recently disrupted the World Snooker Championship on Monday. The London Marathon is set to begin with the wheelchair and elite events before the mass start follows at around 10 a.m. local time.

☆ Progressives to Challenge Adams Over Cuts to Schools and Libraries
▼ + stars: | 2023-04-18 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: +1 min

The fight is similar to others being waged across the country, as cities weigh the best approach to address crime, homelessness and poverty. In Chicago, Brandon Johnson, the progressive Democratic candidate for mayor, won this month on a public safety message that went beyond policing, and focused on youth employment programs and mental health services. Mr. Adams and his top political adviser, Evan Thies, each discounted the notion that the mayoral election in Chicago was a sign that Democratic values had shifted to the left, and that New York may follow suit. When Lori Lightfoot, the outgoing mayor of Chicago, lost in the first round of voting last month, Mr. Adams said he did not view her loss as a warning sign for himself. “Both Mayor Adams and Mayor-elect Johnson ran campaigns that prioritized safety and justice, and were supported by large Black electorates,” Mr. Thies said in a statement.

☆ Opinion: Banning TikTok isn’t just a bad idea. It’s a dangerous one
▼ + stars: | 2023-04-16 | by ( Evan Greer | ) edition.cnn.com time to read: +8 min

CNN —The US government is racing ahead with proposals aimed at banning TikTok, the viral video platform used by more than 150 million Americans. Banning TikTok won’t make us safer from China’s surveillance operations. But banning TikTok isn’t just foolish and dangerous, it’s also unconstitutional. You do that by passing a strong national data privacy law that bans companies from collecting more data about us than they need to provide us with the service we’ve requested. Join us on Twitter and FacebookIt’s a national embarrassment that we have no basic data privacy law in the United States.

☆ Opinion: A rookie officer ran toward semi-automatic gunfire. It was his job
▼ + stars: | 2023-04-16 | by ( Michael Fanone | ) edition.cnn.com time to read: +7 min

The job carries unavoidable risks, but to the extent that we can keep them safe we owe them that much. Too many times toward the end of my career I heard politicians, media pundits and even executives in my own department prioritize optics over officer safety. In fact, every single firearms transfer in this country should begin with a background check. As I thought about Officer Wilt, I recalled my own experiences as a rookie cop working in the inner city. This is the job, and this is what is asked of these officers.

Search resuls for: "Policing"

25 mentions found