The Sigma 5 Event and You

The Sigma 5 Event & You

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Biden Administration Gives Smaller Food Producers a Boost

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  Soaring food prices and supply chain crunches for meat and other staples during the Covid-19 pandemic drew attention to the highly consolidated agriculture sector, in which key sectors like meatpacking are dominated by a handful of “Big Ag” behemoths. Biden entered office promising to crack down on food monopolies and support small and midsize U.S. farmers, whose numbers have cratered in recent decades. The agricultural landscape in the United States is a diverse and dynamic sector, characterized by a mix of large agribusinesses and small-scale family farms. In recent years, the challenges faced by smaller food producers have grown, from market access issues to competition with large corporations. Recognizing the critical role that small food producers play in ensuring food security, rural development, and sustainability, the Biden administration has implemented a series of policies and initiatives aimed at providing these producers with much-needed support. In 2021, Biden si...
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Biden Empowers Federal Agencies to Monitor AI

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  Artificial intelligence has gone mainstream. As U.S. tech companies have raced to release shockingly powerful large language models, public reaction ran the gamut from rapture to horror. Policymakers from Washington to Beijing realized quickly that generative AI, and successive AI breakthroughs, would crown new market leaders, hand more decisions to machines, put cyberattacks on steroids and fundamentally alter people’s trust in what they see, read or hear. Biden has taken a keen interest in understanding the inner workings of large language models and how the U.S. could turn AI into a lasting economic advantage. Biden’s White House issued a highly technical but far-reaching AI executive order last year that surprised even close observers with its ambition. The order mobilizes a wide range of government powers to tackle the potential risks of AI, in areas from discrimination to national security. It also sets new guidelines for safety, including standards for new models and mar...
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Biden Administration’s Sweeping Crackdown on “Junk Fees” and Overdraft Charges Improves the Lives of Ordinary Americans

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