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December 05, 2022 | The American Prospect

Andrea Beaty Julian Scoffield

Op-Ed

Ethics in GovernmentExecutive BranchRevolving DoorTech

Big Tech’s Old Friend Helms Key Biden Administration Role

Staring down the barrel of a Republican-controlled House in 2023, Democrats are juggling a litany of legislative priorities during the current lame-duck session. In addition to Congress’s looming obligation to fund an omnibus spending bill to fund the government, the pressure is on to enshrine same-sex marriage rights into law, bolster federal electoral procedures, add protections for pregnant women on the job, overhaul the farmworker visa program, prevent future Schedules F, and much more.

November 24, 2022 | The American Prospect

Max Moran Hannah Story Brown

Blog Post

ClimateEthics in GovernmentFinancial Regulation

Quants, Carbon, And Climate Change

Both EA and popularism appeal to a desire for mathematical rigor and objective calculation, whether it’s calculating lives-saved-per-dollar or playing probabilities in politics.Both EA and popularism appeal to a desire for mathematical rigor and objective calculation, whether it’s calculating lives-saved-per-dollar or playing probabilities in politics.

November 23, 2022 | The New Republic

Timi Iwayemi Dylan Gyauch-Lewis

Op-Ed

Congressional OversightcryptocurrencyFinancial RegulationIndependent Agencies

Don’t Fall for FTX’s Final Con

The FTX disaster should be all the impetus needed to kill off any new crypto industry–approved legislation. Instead, we need Congress to provide material support for financial regulators in the form of increased appropriations to guard against the next collapse. Much of the crypto industry is already subject to laws—the very ones that the SEC seeks to enforce and that the crypto industry broadly (not just Sam Bankman-Fried) seeks to evade by reducing the SEC’s jurisdiction ex post facto. Both the CFTC and SEC urgently need funds to fulfill their mandates. Crypto stretches these needs even further, but the need has existed for years. For decades, financial crimes have too often gone unpunished. This wasn’t for a lack of rules, but a lack of will, funds, and people willing to enforce them. Crypto doesn’t need special treatment, it needs to face the music.

November 18, 2022

KJ Boyle

Blog Post

ClimateExecutive Branch

Infrastructure Coordinator Not Coordinating With Public Transit Agency

Last November, President Biden signed the Infrastructure, Investment and Jobs Act, better known as the Bipartisan Infrastructure Law. The bill provides $1.2 trillion for infrastructure renovations nationwide, with $91 billion earmarked for various public transportation programs. At the time, Biden announced Mitch Landrieu would be the White House’s Senior Advisor and Infrastructure Coordinator in charge of implementing the landmark legislation, more colloquially known as the “Infrastructure Czar.” Landrieu now oversees a $1.2 trillion dollar bill, so he must be in constant communication with the administrators of key agencies to ensure it’s money well spent … right?

November 14, 2022 | The Nation

Timi Iwayemi

Op-Ed

Campaign FinanceClimatecryptocurrencyFinancial Regulation

Money From Nothing: Sam Bankman-Fried’s Crypto Shakedown

The rapid meltdown of FTX stands as one of the most gruesome chapters in the annals of investment fiascos: think of the false technological promises of Elizabeth Holmes’s Theranos grift combined with the evaporation of Bernie Madoff’s prestigious Ponzi fund. But the saga of FTX involves much more than either the vanity and hubris of Holmes’s fraud offensive or the deceptive practices of the Madoff scam. The rapid rise and fall of Bankman-Fried points up the delusional character of information-age capitalism; Far from standing as an outlying trend within the crypto investment world, Bankman-Fried’s scam was nestled at the very heart of its prevailing business model.