How big tech is dragging us towards the next financial crash
By: Rana Foroohar November 8, 2019 In every major economic downturn in US history, the ‘villains’ have been the ‘heroes’ during the preceding boom,” said the late, great management guru Peter Drucker. I cannot help but wonder if that might be the case over the next few years, as the United States (and possibly the […]
Have billionaires accumulated their wealth illegitimately?
By: EconomistNov 07, 2019Billionaires have never exactly been popular with the radical left. But with a member of the nine-zero club sitting in the White House, and a decade of slow growth in living standards, some Democrats have taken to attacking billionaires to draw attention to their argument for root-and-branch economic reform. “Billionaires should not […]
The Doctor Will Skype You Now: Virtual Checkups Reach Bangladesh’s Isolated Islands
By: Jennifer Chowdury November 6, 2019 Fazila Begum grinned as she lifted up her hem to reveal a fading patch of scaly skin around her ankle. “Who knew this one little cream would work so fast?” she says. Fazila, 34, has been dealing with eczema for the past five years but never got it treated. […]
IBM, Bank of America team up to launch financial services-specific cloud
By: Imani Moise November 6, 2019 International Business Machines Corp (IBM.N) said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp (BAC.N), which will be the first major bank to use the platform. The public platform, IBM’s first industry-specific cloud, is designed to meet the high regulatory, […]
Factbox: How the SEC is making life easier for corporate America
By: Reuters Nov 06, 2019 Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. Here […]
McDonald’s Fired CEO Is Getting Millions, Putting Spotlight On Pay Gap
By: Alina Selyukh November 5, 2019 Former McDonald’s CEO Stephen Easterbrook is getting an exit package of almost $42 million after his relationship with an employee was found to violate company policy. The size of his compensation puts a new focus on the widening gap between the pay at the top and the bottom of […]
IFS: UK’s richest people exploiting loophole to cut tax rate
By: The Guardian Nov 05, 2019 More than 9,000 of the richest people in the UK collected more than £1m each in capital gains last year, exploiting a loophole that could result in them paying tax at a rate as low as 10%. Economists at the Institute for Fiscal Studies (IFS) thinktank said wealthy professionals […]
Cutting edge big tech meets old school insurance
By: Oliver Ralph November 4, 2019 Some of the biggest names in technology are pitching for a role in the transformation of one of the world’s most traditional insurance markets. John Neal, chief executive of Lloyd’s of London, told #fintechFT that Apple, Google and Amazon are among over 100 companies interested in working on an […]
Don’t Be Evil review – how the tech giants have become too big to fail
By: The Guardian Nov 03, 2019 Don’t be evil” was the mantra of the co-founders of Google, Sergey Brin and Larry Page, the graduate students who, in the late 1990s, had invented a groundbreaking way of searching the web. At the time, one of the things the duo believed to be evil was advertising. There’s no […]