Top Stories Of The Week - Ripped From The Headlines, April 26, 2024
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Taking A Look Back At The Top Stories Of The Week
Ripped From The Headlines looks back at the top stories from this week.
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“You can’t spell Internal Revenue Service without AI, and its commissioner, Danny Werfel, offered a vision this week for how the tax collecting agency intends to use artificial intelligence in the not-too-distant future.
Werfel, in remarks made April 17 at UiPath on Tour: Public Sector Event in Washington, D.C., outlined two kinds AI uses the IRS is exploring: virtual chatbots that assist and benefit tax-paying citizens and AI tools IRS agents can use to identify potential tax cheats.
Werfel likened advanced AI tools to ‘night vision goggles’ the IRS needs to ‘unlock and see and spot the issues’ in potential cases involving the ‘most complicated, largest taxpayers’ in the country.
‘I also think of a chess analogy to where we are going to be assessing some of the complexity of how money is moved across different subsidiaries, into tax shelters and holding companies,’ Werfel said. ‘Sometimes [how money is moved] is done completely legally, and sometimes, unfortunately, it’s done illegally. A human makes the decision, ultimately, when we do these types of efforts on the enforcement side, but we want the computer essentially helping us be a better chess player.’”
THINGS TO PONDER:
One of the things that you come to Ripped From The Headlines for is our ability to make things make sense… we’ll break what you just read down for you:
“how the tax collecting agency intends to use artificial intelligence in the not-too-distant future…” = How the IRS will track every transaction you make.
“…virtual chatbots that assist and benefit tax-paying citizens and AI tools IRS agents can use to identify potential tax cheats. Werfel likened advanced AI tools to ‘night vision goggles’ the IRS needs to ‘unlock and see and spot the issues’ in potential cases involving the ‘most complicated, largest taxpayers’ in the country.” = 80 million + IRS agents and their AI haven’t been hired or created to just go after the big companies… they are for you, the average citizen.
“..‘Sometimes [how money is moved] is done completely legally, and sometimes, unfortunately, it’s done illegally. A human makes the decision, ultimately, when we do these types of efforts on the enforcement side, but we want the computer essentially helping us be a better chess player.” = We will move the goalposts to our liking… ala “show me the man and I’ll show you the crime.”
This should have your blood boiling… if not, it will soon have your bank account empty.
Know Your Foe.
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Click Here to read the full article.
“We've all been there: staring down the price of a plane ticket, a new shirt, or a bag of chips and thinking angrily to ourselves, "Jesus Christ, this did not use to cost this much." And then … we buy it anyway.
Inflation has made a lot of things infuriatingly expensive, and consumer confidence isn't great. The economy is good on paper, but in the real world, a lot of people feel like they're trapped in place. Yet many of those same people continue to spend their way through it.
In short, America has become a nation of hate spenders.
‘There is how consumers feel and what they're doing,’ Lydia Boussour, a senior economist at EY, said. ‘Consumers are not feeling great about inflation, but what the data is telling you is that even if they're not feeling great, they're still able to continue to spend.’
That leaves the question: Why are we willing to spend through the pain? According to experts I talked to, the surge in hate spending can be attributed to various factors. For one thing, a lot of people still have the financial stability necessary to open their wallets. On a psychological level, many consumers are just throwing up their hands at the state of financial affairs. They're aware prices aren't going back to 2019 levels, and given everything everyone's just been through, they may as well live it up.”
THINGS TO PONDER:
Well, we’re not crazy after all…
It’s not that we have a “blazing hot economy that’s great,” it’s actually so bad that people have decided that “YOLO” (You Only Live Once) is an acceptable response…
“Who cares about the bills… or anything else… it won’t matter anyway when everything crashes… GIVE ME THAT TV AND OVERPRICED MEAL!”
This is really, really scary…
When you combine it with the fact that a new swath of baby boomers are starting to retire with nowhere near enough money in the bank, it’s a perfect storm for a nation that looks worse than the great depression of 1929…
Back then, families were largely self-sufficient.
What’s going to happen when the bubble finally pops?
That’s the right question.
BRACE FOR IMPACT.
Click Here to read the full article.
“Gas station chain Sheetz has been sued for conducting criminal background checks on its job applicants.
The lawsuit was filed by the Equal Employment Opportunity Commission and lists Sheetz, Inc.; Sheetz Distribution Services, LLC; and CLI Transport, LP as the defendants. The EEOC says that Sheetz has disproportionately screened out black, Native American, Alaska Native, and multiracial applicants from its hiring process due to the chain not hiring applicants with criminal conviction records.
‘Federal law mandates that employment practices causing a disparate impact because of race or other protected classifications must be shown by the employer to be necessary to ensure the safe and efficient performance of the particular jobs at issue,’ EEOC Regional Attorney Debra M. Lawrence said. ‘Even when such necessity is proven, the practice remains unlawful if there is an alternative practice available that is comparably effective in achieving the employer’s goals but causes less discriminatory effect.’
EEOC’s lawsuit specifically claims that Sheetz is violating Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, and national origin. However, the lawsuit does not allege that the gas station chain was motivated by race when making its hiring decisions.
This new lawsuit was filed on Thursday, just a day after President Joe Biden made a stop at one of Sheetz’s locations in Pittsburgh. Biden had been in the Keystone State to campaign in several major cities for his 2024 reelection run.”
THINGS TO PONDER:
It appears that you can break the law and not break the law at the same time… at least according to the EEOC…
Yes, this is ridiculous… but there’s a nasty subtext here:
US government agencies are basically telling you they will use lawfare whenever and however it might benefit their ends…
Even if it means a ridiculous lawsuit that you’ll have to pay to defend yourself against and will likely bankrupt you.
And to understand this, you must understand how your enemy works. Re-read this paragraph:
EEOC’s lawsuit specifically claims that Sheetz is violating Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, and national origin. However, the lawsuit does not allege that the gas station chain was motivated by race when making its hiring decisions.
So… they discriminated on race, but they didn’t discriminate on race…
WOW.
Get ready for WAY more of this.
Know Your Foe.
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