Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
[if (lt IE 9) & (!IEMobile)]> One Florida man’s unemployment claim could help take down a unicorn. In April, Darrin McGillis filed for unemployment benefits from Uber, claiming that he was unable to continue driving for the company after his vehicle was damaged. Uber is already facing a handful of lawsuits alleging that drivers should…
AD ads_sharebox_260x60 SAUL LOEB via Getty Images Entry Text There are few people in Congress who criticize big Wall Street banks more than Sen. Elizabeth Warren (D-Mass.) does. A former Harvard bankruptcy law professor, she is the architect of the Consumer Financial Protection Bureau and chaired the government panel that oversaw the Troubled Asset Relief…
Photo: David Paul Morris/Bloomberg/Getty Images According to a new report, minorities who work in retail earn less and are less likely to be promoted than their white counterparts. The study, released yesterday by the NAACP and public-policy group Demos, found that retailers pay black and Latino full-time salespeople about 75 percent of what they pay…
Yesterday, Iceland’s prime minister, Sigmundur Gunnlaugsson, announced a plan that will essentially close the books on his country’s approach to handling the financial crisis — an approach that deviated greatly from the preferences of global financial elites and succeeded quite well. Instead of embracing the orthodoxy of bank bailouts, austerity, and low inflation, Iceland did just…
Berlin has become the first city in Germany in which rent-control legislation has come into force in a bid to put the brakes on some of the fastest rising rents in Europe. From Monday, landlords in the capital will be barred from increasing rents by more than 10% above the local average. Such controls were…
google_ad_section_start Yahoo has learned of new developments in a lawsuit filed against Bloomberg LP by the law firm Getman Sweeney in 2014. The original complaint filed alleged that the financial software and media company violated federal law by failing to compensate hundreds of former and current employees for overtime pay beginning in 2012. Bloomberg LP is run by Michael Bloomberg who…
Gawker Media may become a union shop. The company’s editorial staff will hold an election on Wednesday to determine if its reporters will join a union, including all staff writers of its popular sites like Jezebel, Gizmodo, and Deadspin. It’s a watershed moment not just for Gawker, but for the media industry as a whole—the first time…
Photo The Goldman Sachs headquarters in Manhattan. Goldman and other Wall Street firms are evaluating their work policies. Credit Spencer Platt/Getty Images Earlier this year, a 22-year-old first-year analyst at the Goldman Sachs office in San Francisco was feeling overwhelmed by the all-nighters and 100-hour workweeks. The analyst, Sarvshreshth Gupta, a graduate of the University…
As has been widely observed, we are living in a period of economic inequality that has not been seen since the first “gilded age” of the early 20th century. Not even the people who benefit from it think that it can last. The Swiss bank UBS is a world leader in managing the financial assets…
(Charles McQuillan/Getty Images) In Sunday’s New York Times, Wednesday Martin claims to blow the lid off a certain set of fashionable, hedge-fund dependent Upper East Side wives with children. It’s a group with whom she spent six years socializing at the playground and in other casual settings—an experience Martin, who holds a BA in anthropology,…