Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo Credit Esther Lui Economics remains a stubbornly male-dominated profession, a fact that members of the profession have struggled to understand. After all, if the marketplace of ideas is meant to ensure that the best ideas thrive, then this imbalance should arise only if men have better ideas than women. That implication infuriates many female…
Photo An investor as an electronic board halted the display of stock market data at a securities brokerage house in Beijing. Credit Rolex Dela Pena/European Pressphoto Agency HONG KONG — The market turmoil in China spread around the world, as global investors grew more anxious about the country’s currency and the health of its economy….
On the executive team at Tim Cook’s Apple Inc., everybody’s equal. Except for Cook himself. The CEO aside, the company awarded its top five executives about $25 million each last year, including $20 million of stock awards and $5 million in salary and cash bonus, according to a proxy statement filed Wednesday. Cook received a…
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday. China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive…
Singapore’s economy grew 2 percent in the last three months of 2015, according to initial data released this week. The fall in global stocks in the previous quarter suggests that estimate may be too high, and that it could get revised down next month. The MSCI World Index, which shows stocks prices in developed nations and…
A Shanghai fund dumped all its holdings as Chinese shares tumbled and triggered a circuit-breaker that halted trading in the world’s second-biggest stock market. “This is insane,” Chen Gang, chief investment officer at Shanghai Heqi Tongyi Asset Management Co., said in an interview on Thursday. “We were forced to liquidate all our holdings this morning,” said…
Markets are in turmoil. Here’s what people are talking about today. Chinese stocks close just 29 minutes after open China’s stock exchanges closed for the day at 9:59 a.m. local time after the CSI 300 Index fell more than 7 percent. The selloff was sparked after the central bank cuts its yuan reference rate by…
For-hire drivers gather at a Seattle City Council meeting in December in support of a new law that paves the way for drivers to unionize. (GeekWire File Photo) Updated below with comments from Seattle City Councilmember Mike O’Brien. The U.S. Chamber of Commerce is challenging the city of Seattle’s decision to give Uber, Lyft and other “for…
U.S. District Court Judge Edward Chen recently issued a final class action certification in O’Connor v. Uber. Judge Chen expanded the class to include drivers bound by 2014 and 2015 arbitration clauses, finding that those clauses were unenforceable on public policy grounds. Since the issuance of the order, Uber has sought to delay the trial and…
NEW YORK – The roughly 750,000 people who have arrived in Europe by sea in 2015 make up just a small part of the 60 million people displaced by war or persecution – the largest number in recorded history. Europe has experienced a mass influx of migrants before; some 700,000 refugees entered the European Union…