Computer Fraud and Abuse Act (CFAA)
The Computer Fraud and Abuse Act of 1986 (CFAA) is a United States cybersecurity bill enacted in 1986. The Computer Fraud and Abuse Act of 1986 (CFAA) is a United…
Protecting America’s electric grid from attack | 60 Minutes Archive
Physical, Natural, Criminal, War, and Cyber Vulnerabilities on America’s Electric Grid 60 Minutes – Security concerns for the nation’s electrical grid are being raised after a substation attack in North…
Consumer Price Index (CPI) Explained: What It Is and How It’s Used
What Is the Consumer Price Index (CPI)? The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the…
Nvidia touts a slower chip for China to avoid US ban
Two months after the U.S. choked off China’s access to two of Nvidia’s high-end microchips, the American semiconductor design giant unveiled a substitute with a reduced processing speed for its…
Commodity market – definition and meaning
The commodity market is a market where traders buy and sell commodities. Commodities are raw materials or primary agricultural products. In other words, things that farmers, mining companies, and oil…
Financial Action Task Force (FATF)
The Financial Action Task Force (FATF) is an intergovernmental organization that designs and promotes policies and standards to combat financial crime. Recommendations created by the Financial Action Task Force (FATF)…
What Was the Great Depression?
What Was the Great Depression? The term “Great Depression” refers to modern history’s most significant and prolonged economic recession. The Great Depression ran between 1929 and 1941, the same year…
Keynesian Economics Theory: Definition and How It’s Used
What Is Keynesian Economics? Keynesian economics is a macroeconomic theory of total spending in the economy and its effects on output, employment, and inflation. British economist John Maynard Keynes developed…
What Do the Federal Reserve Banks Do?
In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central bank to the U.S. government. In addition to…
What is the U.S. Treasury?
The U.S. Treasury, created in 1789, is the government department responsible for issuing all Treasury bonds, notes, and bills. The Internal Revenue Service (IRS), the U.S. Mint, the Bureau of…