Articles Posted in News from Organizations

These News Briefs and Decision Summaries are from  the  the New Jersey State Bar Association. They are an exclusive benefit of the Association in partnership with the New Jersey Law Journal. A subscription may be necessary to access the full text of some of the items listed:

NEWS BRIEFS:

From: Peapack Bank  and Trust:

Shaped by shifting geopolitical tensions and key economic updates, U.S. equities remained volatile during the holiday shortened week. Early on, markets rebounded from last week’s selloff, supported by hopes that the conflict in the Middle East between Israel and Iran might ease. Comments from U.S. leadership suggested that diplomacy was still possible, which helped lift investor sentiment. However, that optimism was soon tempered by renewed concerns over potential military…

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Spring 2025.

Letter from Hon. Gale Brewer:

Tens of thousands of people nationwide are victims of a scam every year—in 2024 alone, scams cost Americans $47 billion. As the New York Times reported,

In this June 18, 2025 Report, the Congressional Budget Office (CBO)  provides information concerning outlays for the government’s major mandatory programs and tax credits that are primarily means-tested and provide assistance to people with relatively low income or few assets.

Summary:

House Budget Committee Chairman Arrington has asked CBO to provide information concerning outlays for the government’s major mandatory programs and tax credits that are primarily means-tested; that is, for programs and tax credits that provide cash payments or other forms of assistance to people with relatively low income or few assets.

Introduction

Artificial intelligence (AI) is rapidly reshaping the legal profession, influencing how attorneys conduct research, draft briefs, analyze litigation risk, and advise clients. As AI tools like generative language models, legal search platforms, and predictive analytics systems become more prevalent, AI literacy has become essential for legal professionals. Law librarians, long recognized for their expertise in research instruction, information curation, and professional ethics, are well positioned to take the lead in promoting AI literacy across the legal ecosystem.

This paper examines the role law librarians should play in fostering AI understanding, outlines strategies for advancing AI literacy, and identifies the challenges and opportunities involved.

From the Congressional Budget Office (CBO), June 12, 2025:*

OVERVIEW:

“This interactive tool illustrates the distributional effects of H.R. 1, the One Big Beautiful Bill Act. It allows users to explore how H.R. 1, as passed by the House of Representatives on May 22, 2025, would affect the economic resources available to households grouped on the basis of their income. (See CBO’s estimate of the budgetary effects of the bill.)

These News Briefs and Decision Summaries are from  the  the New Jersey State Bar Association. They are an exclusive benefit of the Association in partnership with the New Jersey Law Journal. A subscription may be necessary to access the full text of some of the items listed:

NEWS BRIEFS:

In his June 4, 2025 article for The Washington Post, technology columnist Geoffrey A. Fowler explores the capabilities of leading AI chatbots in comprehending and summarizing complex texts. Titled “5 AI bots took our tough reading test. One was smartest , and it wasn’t ChatGPT,” the piece details a comprehensive evaluation of five AI tools: ChatGPT, Claude, Copilot, Meta AI, and Gemini across diverse domains including literature, law, health science, and politics. Fowler’s investigation reveals that while some AI responses were impressively insightful, others were notably flawed, highlighting the varying degrees of reliability among these tools. Notably, Claude emerged as the top performer, demonstrating consistent accuracy and depth of understanding across the tested subjects.css.washingtonpost.com+1washingtonpost.com+1

You can read the full article here: washingtonpost.com

Additional Information:

Congressional Budget Office (CBO) Report, June 5, 2025.

CBO estimates that debt-service costs under H.R. 1, the One Big Beautiful Bill Act, would total $551 billion over the 2025–2034 period—increasing the bill’s cumulative effect on the deficit to $3.0 trillion.

Summary:

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