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Financial Times (January 24)

2018/ 01/ 27 by jd in Global News

Undercover reporting by the Financial Times revealed “groping and sexual harassment” at a secretive black-tie event that “has been a mainstay of London’s social calendar for 33 years.” Thursday’s event, attended by 360 men “from British business, politics and finance” with entertainment provided by 130 female hostesses, however, will be the last. The expose unleashed a deluge of criticism and The Presidents Club is disbanding.

 

Reuters (September 15)

2017/ 09/ 17 by jd in Global News

“Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.” Some experts predict approximately $70 billion in property losses from flooding in Texas alone. But recouping insured property loses is much easier than lost income. “Exclusions in the fine print of policies, along with waiting periods and disagreements over how to measure a company’s lost income, make business interruption claims among the trickiest in an industry renowned for complexity”

 

Los Angeles Times (August 16)

2017/ 08/ 18 by jd in Global News

“America’s top business executives may have bristled over President Trump’s ban on refugees, his withdrawal from the Paris climate accord and his decision to bar transgender Americans from the military.” Still, “it wasn’t until the embattled president all but defended white supremacists in the aftermath of the deadly clashes over the weekend in Charlottesville, Va., that the country’s corporate elite decided they had had enough.”And, “by Wednesday, so many executives had resigned from Trump’s economic advisory and manufacturing councils, including the heads of General Electric Co., Intel Corp. and Campbell Soup Co., that the president announced on Twitter that he was disbanding the panels.”

 

Wall Street Journal (January 7)

2017/ 01/ 09 by jd in Global News

“Does Donald Trump understand business?” He might know real estate and branding, “but the President-elect’s Twitter assaults on auto companies make us wonder if he understands cross-border supply chains, relative business costs, regulatory mandates, or anything else about building and selling modern cars and trucks.”

 

New York Times (August 18)

2015/ 08/ 19 by jd in Global News

“Brazil is in tatters. The economy is in a deepening recession.” On top of that Petrobras is facing a “massive corruption scandal” and the country’s credit rating was just downgraded by Moody’s. “In all this turbulence, it is easy to miss the good news: the fortitude of Brazil’s democratic institutions.” Specifically, “in pursuing bribery at Petrobras, federal prosecutors…have not been deterred by rank or power, dealing a blow to the entrenched culture of immunity among government and business elites.”

 

Bloomberg (July 30)

2015/ 08/ 02 by jd in Global News

Positive governance may finally be transforming corporate Japan. “Waves of activist investors—both Japanese and non-Japanese—tried to unlock the country’s riches. They failed. But now they’re spurred on by Prime Minister Shinzo Abe, who’s taking aim at the cozy way Japan does business as part of his make-or-break Abenomics plan to reinvigorate the stagnant economy. Attitudes are changing at last.”

 

Wall Street Journal (December 17)

2014/ 12/ 18 by jd in Global News

“When we increased paid leave at Google to 18 weeks, the rate at which new mothers left fell by 50%.” For her fifth time, the CEO of Youtube will take maternity leave at Google, but Susan Wojcicki points out that Google remains an exception in the U.S. where paid leave is not federally required. “Paid maternity leave is good for mothers, families and business. America should have the good sense to join nearly every other country in providing it.”

 

Los Angeles Times (September 1)

2014/ 09/ 02 by jd in Global News

“An increase in the minimum wage would not only be good for low-wage workers. It would also be good for the city, good for the economy and, in the long term, good for business. It is, simply put, the right thing to do.” September 1 marks Labor Day in the U.S. where the federal minimum wage is $7.25 per hour. Some states and cities adopt higher minimums as Mayor Eric Garcetti has proposed for Los Angeles, where 28% of the population lives below the poverty level. If the proposal passes, L.A.’s new minimum of $13.25 would still be lower than Seattle’s, which is set to rise to $15.

 

 

Institutional Investor (May Issue)

2014/ 05/ 25 by jd in Global News

“New innovative business models by upstarts Tesla and Uber are poised to disrupt multiple industries at once.” Both companies have been driving around barriers thrown up by conventional businesses that feel threatened. “The real winners to watch — the companies that will shape the landscape of American business and tech — are those that seek to fill customers’ every need, that work themselves into new markets however possible.”

 

Los Angeles Times (May 1)

2014/ 05/ 02 by jd in Global News

California “continues to attract more manufacturers and create more jobs than almost any other. The numbers don’t lie.” Toyota and Occidental Petroleum both announced plans to move their headquarters from California to Texas. Nevertheless, California’s business environment remains vibrant given the state’s unique “ability to incubate new companies and tech innovators, putting its businesses in the vanguard of new industries.”

 

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