Thank you to #JohnOliver and #LastWeekTonight for putting under light all the #parasites that are crawling through the #financialsystems that #capitalism has been spawning. Here about the #structuredsettlment that can be literally stolen from under your feet if you don't pay attention or dont know what you are dealing with.

YouTube https://www.youtube.com/watch?v=PsOCCb7zkbo

S13 E12: Trump’s Ballroom & Structured Settlements: 5/17/26: Last Week Tonight with John Oliver

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SOA makes software components reusable and interoperable through standard service interfaces. Developers incorporate existing services—like authentication—into new applications without rewriting them.

#Reusability #SOA #FinancialSystems

Imagine if the whole world had the same number writing system. What would be the short-term productivity consequence for certain countries?

Just like that making global changes is very hard.

#GlobalStandardization
#EconomicImpact
#ProductivityShock
#SystemChange
#FinancialSystems
#AdaptationChallenge
#ComplexTransitions

Global financial systems must ‘come to grips’ with AI risks, BoC governor says
Bank of Canada Governor Tiff Macklem says while there's been a fair amount of discussion about Antrhopic's Mythos, no one knows yet the full implications of this latest AI advance.
#Canada #Economy #Tech #BankofCanada
https://globalnews.ca/news/11806350/global-financial-systems-ai-risks-boc-governor/

Fiat currencies such as the US dollar and the euro are the most widely used units of account in modern economies. They serve as the reference standard for pricing goods, setting wages, reporting financial statements, and calculating GDP.

#Money #Macroeconomics #FinancialSystems

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Understanding the Document Module: Day 2 – The Foundation of a Financial Accounting System | Joche Ojeda