Google will invest $1 billion over the next five years in nonprofit organizations helping people adjust to the changing nature of work, the largest philanthropic pledge to date from the Internet giant. The announcement of the national digital skills initiative, made by Google CEO Sundar Pichai in Pittsburgh, Pa. Thursday, is a tacit acknowledgment from […]
Read moreWith bitcoin hitting a new all-time high in early trading Thursday, investors might be wondering whether they should venture into the developing world of cryptocurrency. Tread with caution. Bitcoin reached $5,231.28 on the news that China might reverse its recent shutdown of cryptocurrency exchanges, surpassing its previous high of $5,013.91 hit on Sept. 2. Year […]
Read moreEconomists all agree that tax reform is pro-growth if it broadens the base (such as by eliminating deductions) while reducing marginal tax rates. There is less agreement on other aspects of the issue, such as which types of households should see tax cuts, whether a lower corporate rate would benefit workers or shareholders the most, […]
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FOR once, The Daily Mail and the Guardian, British newspapers of the right and left, agree. In the former, Alex Brummer says “IMF’s new line of thinking of tax should please Corbyn & co” while the latter says that the IMF “analysis supports tax strategy of Labour in UK“. Both are responding to the IMF’s […]
Read moreSpain’s Economy Minister Luis de Guindos has described the policies of the Catalan government as “insane” and says trouble in the region is about anarchy rather than independence. De Guindos told CNBC Thursday that he believed no economy could thrive without the rule of law and that the Catalonian government was not acting rationally. “We […]
Read moreFacebook should hire more people instead of relying on machines to detect the presence of fake accounts and bullying on its social network, CNBC’s Jim Cramer said Thursday. In an interview Thursday with Axios, Facebook Chief Operating Officer Sheryl Sandberg said the social media giant has invested heavily in machine learning to find “bad actors” […]
Read moreIf tax reform does get passed, the head of the largest U.S. bank expects the company will hire more workers. Over time, JPMorgan Chase will be “boosting jobs and wages more than we otherwise would have” if corporate taxes are cut, the bank’s chairman and CEO Jamie Dimon said Thursday during a post-earnings release conference […]
Read moreOn the heels of its March initial public offering, J.Jill offers an example of just how difficult it is to be an apparel retailer today, as forecasting where shoppers will spend their dollars is becoming increasingly uncertain. The Quincy, Massachusetts-based company on Wednesday slashed its expectations for same-store sales in the fiscal third quarter, now […]
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MYANMAR’S democratic transition sometimes seems marked as much by continuity as by change. Depressingly, the army continues its bloody persecution of Rohingya Muslims in the west, for example (see article). But elsewhere moves to open the country’s markets, started by the preceding military regimes, have gathered pace. New commercial and financial services are springing up. […]
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ON OCTOBER 18TH, President Xi Jinping will preside in Beijing over the most important political event in five years. At the Communist Party’s 19th congress much will be made of the triumphs achieved in nearly four decades of reform and opening up. So expect a glossing over of one part of that process where progress […]
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