Debt Ceiling Debate Deadlock. Over the years, the Buzz has bemoaned our elected officials’ penchant for brinksmanship, but the current situation is getting ridiculous. Once again, negotiations over raising the debt ceiling took center stage in Washington, D.C., this week. Like most disputes in life, it all comes down to money, with Republicans seeking less spending in the coming fiscal year, while Democrats insist on a “clean” bill to raise the debt ceiling. A deal remains elusive, and it is probably not great that the U.S. House of Representatives is scheduled to be out next week (though members will be instructed to return to D.C. within twenty-four hours if needed). According to the latest update from Treasury Secretary Janet Yellen, “it is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1.”
EEOC Issues More Guidance on Use of Artificial Intelligence. Last week, the Buzz discussed the U.S. Congress’s nascent role in setting parameters for the use of artificial intelligence (AI) technology. Not to be outdone by Congress, late last week, the U.S. Equal Employment Opportunity Commission—which has already acknowledged such technology’s potential impact on discrimination law—issued a second guidance document on the subject. Specifically, the guidance document addresses how the use of “algorithmic decision-making tools...
Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, describing the report as entirely baseless. In a s...