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Mark Nance@mnance.bsky.social |
94 followers 127 following 199 posts
Poli Sci prof., Global Governance, Global financial relations, money laundering, illicit markets, and comparative welfare state stuff. Also music, food, and the abysmal state of North Carolina politics. #firstgen
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Bart Bonikowski
@bartbonikowski.bsky.social
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An aspiring dictator & convicted felon w history of treason may win the presidency. Profoundly corrupt SCOTUS justices undermined the constitution and gave him immunity from prosecution for past & future crimes. This is all political journalists should be writing about 24/7. We’re at the precipice.
25 replies 226 reposts 724 likes
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Mark Nance
@mnance.bsky.social
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This, to me, is the power of an anti-racist framework. It’s reminds us that “neutrality” favors the status quo, which is biased toward white people. Of course, the people fighting affirmative action for non-whites know that. That’s the whole point. It’s a long-standing tradition.
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Adam Bonin
@adambonin.bsky.social
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The Philadelphia Inquirer gets it right.
x.com/adambonin/st...
58 replies 768 reposts 3022 likes
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Mark Nance
@mnance.bsky.social
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This is correct.
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Mark Nance
@mnance.bsky.social
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The people passing them.
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Mark Nance
@mnance.bsky.social
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Wow.
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Mark Nance
@mnance.bsky.social
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I’m glad they’re going after Boeing and its unsafe practices. But my first thought was: what if we took regulation of finance this seriously?
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Mark Nance
@mnance.bsky.social
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I mean, the elites of both parties think of 1984 as the recent past.
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Mark Nance
@mnance.bsky.social
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Automatic deduction. Bonus points for referring to it instead as “just a few years ago.”
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Mark Nance
@mnance.bsky.social
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Public goods.
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Melanie D’Arrigo
@darrigomelanie.bsky.social
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When corporations pay less in taxes, the rest of us are forced to pay more and lose services. Republicans want to slash the corporate tax rate again, then cut Social Security and Medicare to cover the difference. There’s a reason corporations funnel billions into elections.
4 replies 51 reposts 93 likes
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Mark Nance
@mnance.bsky.social
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Fair. I really mean kind of risk, more than amount. Data on violations suggest they’re taking plenty of risk when they want. But if they have different risk portfolios and are all using the same risk factors to judge risk, despite varying portfolios, that seems off target.
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Mark Nance
@mnance.bsky.social
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That’s what I’ve come to think: that those risk factors are taken to be fairly common. But they really shouldn’t be, because banks in theory have different risk appetites, at least they claim to when denying services.
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Mark Nance
@mnance.bsky.social
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Thanks. So confessing to structuring in advance is the smart move!
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Mark Nance
@mnance.bsky.social
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Right. And that I find promising. And the WWI analogy was a good one. But I’d like to know how they develop the typologies of suspicion. To be very academic, I wonder if they’re solving the “dogs that don’t bark” problem inherent in identifying suspicious activity based on past cases.
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Mark Nance
@mnance.bsky.social
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Hmm. Not familiar with expected activity reports (or suspicious AR, in case that was an autocorrect) or what they entail. Will have to dig that up.
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Mark Nance
@mnance.bsky.social
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My question is how folks define those risk factors (which presumably vary across firms) and how those are then integrated into the models. Would love to be able to follow that decision-making trail.
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Mark Nance
@mnance.bsky.social
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Though not in threshold models, right? Those automatically send a SAR?
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Mark Nance
@mnance.bsky.social
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I’d like to interrogate those models more. Eg, you write a transaction with an EU-listed state automatically generates a SAR in the Netherlands. That’s not really modeling abnormal. It’s abnormal if a company/NGO’s never done business there before, but not for one with established supply chains.
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Mark Nance
@mnance.bsky.social
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I get the point. But a lot of things are crooked and rigged and lobbyists play a big role in that. Isn’t that also true?
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Mark Nance
@mnance.bsky.social
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And of course, the two aren’t mutually exclusive.
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Mark Nance
@mnance.bsky.social
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Yeah, I’ve never thought the threshold model was good for these reasons. But my question is how the computer models are built: around what’s “normal” so as to make the abnormal stand out, or around known patterns of abnormality based on AML cases. Does that make sense?
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Mark Nance
@mnance.bsky.social
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Personally I’d advise students to be leery of following the advice of faculty who won’t follow them into the fight. And I’d give up a lot of rights if Larry Summers’ name was never uttered in public again.
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Mark Nance
@mnance.bsky.social
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I’ve wondered how many FIUs (or banks) that are relying on computers are building models, basically, inductively or deductively. Are they using known cases to build a dataset of ML patterns and then looking for those? Or are they building models of Not-AML, then looking for aberrations? Any idea?
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Mark Nance
@mnance.bsky.social
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I’m starting to think Larry Summers might have some bad ideas.
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Mark Nance
@mnance.bsky.social
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It’s not the most important point of reform right now, but someone needs to convince the US State Dept that their “open-until-we-receive-100-applications” system for internships is really problematic.
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Mark Nance
@mnance.bsky.social
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I mean, it doesn’t include race-, ethnicity-, or gender-based hate, so well done?? But not-at-all-insecure Julian and his superior intellect have blocked me, so I’ll have to stay in the cave with my people.
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Mark Nance
@mnance.bsky.social
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This goes down as one of the most obnoxious responses I’ve seen on social media. Way to make the world just a teensy bit worse. But I guess you fluffed yourself up a bit in the process.
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Mark Nance
@mnance.bsky.social
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Oh look! It’s the rule of law! So nice to see you. How ya’ been?
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Mark Nance
@mnance.bsky.social
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Well, that was atrocious typing.
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Mark Nance
@mnance.bsky.social
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It’s get better at the end, but I found it pretty disappointing. Just kind of thin throughout.
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Mark Nance
@mnance.bsky.social
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make a band milder Beigesnake
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Mark Nance
@mnance.bsky.social
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They should have a van of reporters following them everywhere they go. Instead we get Nina Totenberg dining with them and the WP burying stories on their behalf.
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Mark Nance
@mnance.bsky.social
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Glad to see that in today’s reporting on a Supreme Court Justice’s apparent rejection of pluralism and embrace of Christian Nationalism that The NY Times did NOT dedicate 1/3 of the article to the ethics of recording justices who are fully unaccountable. Could that mean bigger issues are at stake??
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Elly
@ellyzoe.bsky.social
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Make this ad! (To campaign, universe generally)
2 replies 7 reposts 14 likes
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Mark Nance
@mnance.bsky.social
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I dare you to wear all the clothes you’ve drunk-bought to your next ISA panel. I’ll bring a crowd.
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Mark Nance
@mnance.bsky.social
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I hope the New Yorker will publish the speech! Congrats. I really enjoy your writing.
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Mark Nance
@mnance.bsky.social
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You’re not going to tell what you bought??
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Mark Nance
@mnance.bsky.social
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I know people who made cars in their backyards that looked like this.
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Mark Nance
@mnance.bsky.social
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These dudes have big “they were asking for it” energy.
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Mark Nance
@mnance.bsky.social
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The Trump campaign is corrupt to its absolute core.
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Mark Nance
@mnance.bsky.social
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Revolting. This seems like something that their respective professional organizations ought to take up. Censure them, exclude them, stigmatize them. Do to them what they’re trying to do to their students.
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Mark Nance
@mnance.bsky.social
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In the world of finance, Austria doesn’t get nearly enough negative press.
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Mark Nance
@mnance.bsky.social
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🥂
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Mark Nance
@mnance.bsky.social
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What a glorious tradition the supra is.
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Mark Nance
@mnance.bsky.social
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We’re in Tbilisi and my oldest had to take his turn yesterday giving a toast at a group lunch. He made it to khinkali and tarragon soda.
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Mark Nance
@mnance.bsky.social
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My annual plea to stop giving a damn about spelling bees and care more about geography bees. The world isn’t falling apart because too few people know how to spell obscure words or because too few kids spend their childhoods memorizing lists.
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Mark Nance
@mnance.bsky.social
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But then how would we make athletes feel special? They already have all of this.
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Mark Nance
@mnance.bsky.social
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My department has interviewed people with this mentality before. We’ve never hired them. It’s also a very simplistic understanding of job searches and the realities of making an academic hire.
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Mark Nance
@mnance.bsky.social
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I think we often assume a level of accuracy of information/modeling from the insurance industry that we (used to) attribute to economists. I also think we need a lot more social scientists who study actuaries and the insurance industry. It’s way understudied relative to its importance in the world.
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