Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Up to 30 percent of the current employees in the banking industry may lose their jobs to new technologies in the next 10 years, according to new projections from Citigroup. A 112-page report, “Digital Disruption,” released on Wednesday, said that the number of employees at American banks would drop to 1.8 million people in the…
Not again. AP Photo/Kamran Jebreili Until yesterday, it had been almost three months since the last burning skyscraper in the United Arab Emirates. That all changed when a building went up in flames on Monday just outside of Dubai. Several residential high-rises were evacuated by fire in Ajman, a city in Dubai’s metropolitan area. According…
Soundcloud just introduced a $1o per month streaming music service called Go ($13 if you sign up through the iOS app), which adds only two new features to the existing offering: the ability to listen ad-free and download music for listening offline. Is it dead in the water? Oy Soundcloud. Soundcloud has been struggling over…
Airbnb, once a saviour from overpriced hotels, has become the new overpriced hotels since becoming the short-term accommodation staple. But with the rise of community living and workcations, an alternative might be to just sleep where you cowork. That’s the idea behind PodShare, a coworking space with beds, which has three locations in Los Angeles….
Beach retreats. Yoga. Visiting reptiles. Or how about a Porsche? In an attempt to keep employees from burning out, some agencies are loosening the tethers of the workplace and piling on the perks. Later this year, new federal labor regulations granting overtime pay to all employees who make less than $50,400 a year are expected…
DUBAI, United Arab Emirates (AP) — Al-Jazeera, the Qatar-based broadcaster, said Sunday it is slashing about 500 jobs a little more than two months after announcing the closure of its U.S. offshoot. The cutbacks come as 2022 World Cup host Qatar refocuses its spending priorities amid a steep drop in prices for oil and gas,…
As San Francisco’s housing shortage gets worse, there’s increasing pressure on tenants living in rent-controlled apartments to vacate so their landlords can start charging a market rate in the rapidly gentrifying city. This pressure often comes in the form of a buyout. Three years ago, for instance, a single mother with kids paid $1,600 per month for…
You can always tell when you’re in a WeWork office. The one I’m visiting is a new one in the Brooklyn neighborhood of Williamsburg. Like many offices of today, it’s spacious and open. There’s a check-in desk staffed by people who appear to be in their early 20s, a wood-paneled, subway-tiled kitchen to my left, and…
But Mr. Chyn argues that this experiment substantially understates the importance of neighborhoods. The problem, he says, isn’t in comparing those who win the lottery with those who lose. Rather, he argues that both the treatment and control groups had already partly inoculated their children against the effects of bad neighborhoods. Only a quarter of…
Before we get to why many on-demand apps have struggled to achieve mass-market prices, it is important to remember why anyone ever thought they could: because Uber did it. The ride-hailing company that is valued by investors at more than $60 billion began as a luxury service. The magic of Uber was that it used…