No One is Policing Corporate America, and White-Collar Crime is on The Rise. What Comes Next Could be a Full-Scale Financial Meltdown
By: Business Insider June 6, 2021 The coronavirus pandemic hit the Cheesecake Factory hard. Like millions of restaurants, the company watched as most of its business disappeared overnight. By April 2020 the chain — with over 220 restaurants and 46,000 employees — was near death. The company was losing $6 million a week with just 16 […]
India and Israel Inflame Facebook’s Fights With Its Own Employees
By: New York Times June 4, 2021 SAN FRANCISCO — When India’s government ordered Facebook and other tech companies to take down posts critical of its handling of the coronavirus pandemic in April, the social network complied on some posts. But once it did, its employees flocked to online chat rooms to ask why Facebook […]
Amazon US Customers Have One Week To Opt Out Of Mass Wireless Sharing
By: The Guardian June 1, 2021 Amazon customers have one week to opt out of a plan that would turn every Echo speaker and Ring security camera in the US into a shared wireless network, as part of the company’s plan to fix connection problems for its smart home devices. The proposal, called […]
‘Silicon Six’ Tech Giants Accused Of Inflating Tax Payments By Almost $100bn
By: The Guardian May 31, 2021 The giant US tech firms known as the “Silicon Six” have been accused of inflating their stated tax payments by almost $100bn (£70bn) over the past decade. As Chancellor Rishi Sunak called on world leaders to back a new tech tax ahead of next week’s G7 summit in the […]
Covid Vaccine Crisis May Be The Last Straw For The Postwar Economic Consensus
By: The Guardian May 28, 2021 The proper functioning of any interconnected economic system depends on trust. And a global system that has been designed by advanced economies requires a significant level of buy-in from the developing world. Both become even more important as more developing economies, led by China, gain systemic importance. […]
WeWork Founder Adam Neumann Received $445m Payout In Exit Package
By: The Guardian May 27, 2021 WeWork founder Adam Neumann received $245m in company stock and $200m in cash earlier this year, part of an enormous exit package from the office rental company he led to dizzy heights before its equally dramatic fall. The award comes nearly two years after a disastrous attempt […]
Controversial New Guidelines Would Allow Experiments On More Mature Human Em-bryos
By: NPR May 26, 2021 For decades, scientists have been prohibited from keeping human embryos alive in their labs for more than 14 days. The prohibition was aimed at avoiding a thicket of ethical issues that would be raised by doing experiments on living human embryos as they continue to develop. But on […]
Facebook’s Oversight Board Should Monitor the Whole Industry, Says Leading Member
By: Sifted May 24, 2021 Facebook’s oversight board is a “model of future regulation” that could expand its remit to include other large social media businesses around the world, according to one of its leading members. Helle Thorning-Schmidt, the former prime minister of Denmark, said that the board — which has just hit the headlines […]
Florida, in a First, Will Fine Social Media Companies That Bar Candidates
By: New York Times May 26, 2021 WASHINGTON — Florida on Monday became the first state to regulate how companies like Facebook, YouTube and Twitter moderate speech online, by imposing fines on social media companies that permanently bar political candidates in the state. The law, signed by Gov. Ron DeSantis, is a direct response to […]