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Cost of LA Wildfires Could Reach $150B J.P. Morgan said last week that insured losses from the wind-driven wildfires in Los Angeles could reach $10 billion, according to reporting by Reuters. AccuWeather...
More Kids’ Online Safety Measures Expected in 2025 Despite legal challenges that have blocked new state laws aimed at protecting kids from the potential harms of social media from taking effect...
New MA Law Increases Oversight of Private Equity Investment in Healthcare Massachusetts Gov. Maura Healey (D) signed a bill ( HB 5159 ) expanding oversight of private equity investment in the healthcare...
Just a couple of weeks into the new year, state legislators appear to be watching and waiting to see how things shake out with the new Trump administration. But despite the uncertainty, one issue—...
MI’s Minimum Wage Rising Most Next Year Twenty-three states’ minimum wages are increasing in 2025, typically by about 3%. But Michigan’s minimum wage will rise 21% by the end of February...
Opponents of a first-of-its-kind bill (SB 1047) in California aimed at regulating major developers of artificial intelligence outnumbered supporters of the measure by 3 to 1, according to analysis by the state’s Senate. Although those 150 artificial intelligence companies, trade groups and other entities and individuals failed to kill the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, their opposition reflects AI’s emergence as the central front in the ongoing battle between states and the tech industry, after years of fighting over data privacy and other issues.
And it’s not too surprising that SB 1047 drew so much attention, given that California is a national leader in tech policy and home to 35 of the world’s top 50 AI companies.
“They need to get their positions heard in Sacramento, because what Sacramento does will shape so many other states,” said Thad Kousser, a professor of political science at the University of California San Diego. (PLURIBUS NEWS)
The Federal Trade Commission reported this month that fraud losses associated with bitcoin ATMs, or BTMs—similar to regular ATMs but allowing users to buy or send bitcoin and other cryptocurrencies instead of dollars—have risen 1,000% since 2020, exceeding $65 million in the first six months of this year. BTMs are vulnerable to malware attacks, allowing hackers to steal funds or manipulate transactions. (CNBC, FEDERAL TRADE COMMISSION)
Facebook and Instagram parent company Meta released new parental control features for Texas-based users to comply with HB 18, the Securing Children Online Through Parental Empowerment Act, which was enacted in 2023 and went into effect on Sept. 1. The law was intended to restrict kids’ access to harmful online content, including material promoting self-harm or substance abuse, as well as to give parents more control over their children’s online activity. (TEXAS TRIBUNE)
—By SNCJ Managing Editor KOREY CLARK
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