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Tech CEO Michael Lofthouse Steps Down After Being Filmed Hurling Racist Insults At An Asian Family

Tech CEO Michael Lofthouse Steps Down After Being Filmed Hurling Racist Insults At An Asian Family

...This site uses cookiesContinue to SiteTo give you a great browsing experience free of charge, this site uses cookies. Cookies help us personalize content and ads, provide social media features,track your preferences, and analyze traffic. Forbes may share this information with its advertising, analytics, and social media partners, who may use itwith information you have provided to them in connection with their services.For more information: To consent and proceed, click "Continue to Site."Jul 12, 2020,Tech executive Michael Lofthouse, who was filmed hurling racist insults at an Asian...

forbes.com
Isabel Togoh
1d ago
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IMF: Government support for companies should be based on capital, not debt | Economico Daily

IMF: Government support for companies should be based on capital, not debt | Economico Daily

Gita Gopinath, a chief economist at the International Monetary Fund (IMF), has called on governments to move to capital-based support instead of loan-focused support, as the coronavirus pandemic continues to cause serious damage to companies.The huge scale of the shock means that the number of insolvent companies will increase as businesses continue to suffer from lower revenues for several consecutive months, warned Gita Gopinath.Government support in the form of loans would burden such companies with huge debts, which would make it difficult for companies to emerge from the crisis, the...

economicodaily.com
4h ago
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Walt Disney World’s Re-Opening Video Didn’t Go Over So Well

Walt Disney World’s Re-Opening Video Didn’t Go Over So Well

On Saturday, the Magic Kingdom and Animal Kingdom parks at Walt Disney World in Orlando, Florida for the first time since . To mark the occasion, the official “Disney Parks Jobs” Twitter account posted a short video promoting the park’s re-opening. In the video, shots of various park attractions—, the , at , and so on—are intercut with shots of Disney park employees welcoming guests back to the parks. Those employees, including hotel housekeeping staff, cooks, concierges, and costumed cast members, all wear surgical masks and say “Welcome home!” directly into the camera, except for the...

slate.com
Matthew Dessem
1d ago
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The recent financial crisis may have melted income inequality | Economico Daily

The recent financial crisis may have melted income inequality | Economico Daily

The elephant chart is the most influential chart in the economy in the last decade. It showed that in the years before the financial crisis, global income growth largely benefited two groups of people: the middle class in emerging markets, such as China, and the ultra-rich around the world. Meanwhile, the incomes of the middle and lower classes in Western Europe and North America are stagnating.This chart – developed in 2013 by economists Christoph Lackner and Branko Milanovic, using data from the World Bank and beyond – has angered leftists around the world, sparking a debate about income...

economicodaily.com
4h ago
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Italian economy is likely to shrink by 9.5% this year - Economo

Italian economy is likely to shrink by 9.5% this year - Economo

The Italian economy, which has suffered particularly badly from the spread of the coronavirus, will shrink by about 9.5% this year, the country’s central bank, Banca d’Italia, warned, revising its forecast of minus 9.2% in June.According to its revised forecast, the regulator expects a partial recovery next year, when Italy’s gross domestic product will increase by 4.8%. In this regard, the bank’s forecast remains unchanged from the one announced on June 5.“The recovery will be gradual”, said the central bank, warning that “there will be lasting effects on household consumption due to...

economo.co.uk
15h ago
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Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data

Disney+'s 'Hamilton' gambit pays off, giving platform a big boost: Data

“Hamilton” is continuing to soar following its Disney+ () debut.The film version of the Tony-award winning musical — which dropped on the streamer July 3rd — was the #1 most-viewed title across all platforms, with 80% of Disney+ users tuning in, according to research recently complied by 7Park Data.Additionally, “Hamilton” accounted for 87% of time spent on the Disney+ platform — an impressive feat considering its extreme arsenal of content.Disney reportedly paid for the global rights to the musical, and originally planned to release it in theaters in October 2021. However, once streamers...

yahoo.com
2d ago
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What is market timing and is it possible? - Economo

What is market timing and is it possible? - Economo

With the dominance of the Covid-19 pandemic over the news and the current volatility of global stock markets, you may be hearing a lot about market timing.Advisors and financial commentators are unlikely to use this term. What they will be talking about is whether you should sell some or all of your investment in stocks because of the economic effects of the coronavirus on the markets. In the language of investors, however, this is called “market timing” – holding back investments or withdrawing some or all of your money from the market when you expect a decline.The word “expect” reflects...

economo.co.uk
11h ago
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Divination about the form of the economic recovery obscures the view – Finances Herald

Divination about the form of the economic recovery obscures the view – Finances Herald

All the time spent trying to identify good V-, bad U-, and unfortunate L-shaped recovery, letters may not be the clearest way to understand the rebound after a coronavirus pandemic. Perhaps a better analogy is a scribble that depicts the vicissitudes of economic life in and out of the blockages due to the disease.This is nowhere more obvious than in Asia, where the data are contradictory. A recent quarterly Tankan survey by the Bank of Japan found that economic confidence among the largest producers has shrunk to levels not seen since the global financial crisis. If you dig deeper into the...

financesherald.com
5h ago
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Latin America News, Latin Artists and other personalities, Health and Education in Latin America, Statistics, Immigration, Latin Culture, Other world news

Latin America News, Latin Artists and other personalities, Health and Education in Latin America, Statistics, Immigration, Latin Culture, Other world news

Odd Facts About 7-Eleven You Probably Do Not KnowNEXTBy ()Check these out!Tags, ,© 2015 Latin Post. All rights reserved. Do not reproduce without permission.

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Latin Post
1d ago
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WSJ News Exclusive | Fed, Treasury Disagreements Slowed Start of Main Street Lending Program

WSJ News Exclusive | Fed, Treasury Disagreements Slowed Start of Main Street Lending Program

Skip to Main ContentSkip to SearchByandDisagreements between leaders at the Federal Reserve and Treasury Department in recent months slowed the start of their flagship lending initiative for small and midsize businesses, according to current and former government officials. The differences centered on how to craft the loan terms of their $600 billion Main Street Lending Program to help support businesses through the early stages of the coronavirus pandemic. Fed...To Read the Full StorySponsored Offers

wsj.com
Kate Davidson
16h ago
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Could The Politician's #Calexit Fantasy Bring Real Change? 

Could The Politician's #Calexit Fantasy Bring Real Change? 

You may opt out or anytime.“Go to my website or use the hashtag #LetsGetTheCalOuttaHere,” shouts Gwyneth Paltrow in the Netflix series The Politician. Running for governor on a promise to lead California’s secession from the United States, Paltrow’s character wins with 98 percent of the vote.The scenario may be fictional, but the idea of California independence, once dismissed as a joke, is gaining both cultural currency and real-world urgency. Our own real-life governor, Gavin Newsom, frequently describes California as a “nation-state,” to make the point that the Golden State must act like...

zocalopublicsquare.org
thepublicsquare
6d ago
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Elon Musk Soars Past Warren Buffett to Become the Seventh Richest Man in the World, the highest-paid CEO in the U.S

Elon Musk Soars Past Warren Buffett to Become the Seventh Richest Man in the World, the highest-paid CEO in the U.S

316162.52%Tesla’s mammoth growth in 2020 has helped Elon Musk to add over $43 billion to his personal fortune just in the last six months. Currently, Elon Musk is the highest-paid CEO in the U.S. drawing a $595 million payday check. Tesla Inc (NASDAQ: TSLA) stock zoomed past $1500 levels on Friday rising the fortunes of Tesla CEO Elon Musk by $6.1 billion in a single day. As per the , Elon Musk becomes the seventh-richest person in the world with his net worth at $70.5 billion. Since the beginning of the year, Elon has added over $43 billion to his net worth as the Tesla stock surges more...

cryptoprice.ng
12h ago
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̶E̶n̶t̶r̶e̶p̶r̶e̶n̶e̶u̶r̶s̶h̶i̶p̶ Infrastructures | by Keon Jukes | Medium

̶E̶n̶t̶r̶e̶p̶r̶e̶n̶e̶u̶r̶s̶h̶i̶p̶ Infrastructures | by Keon Jukes | Medium

I long wondered what key ingredient led to the unicorn startup frenzy and giant corporations that overpower their smaller counterparts. After reading “The Future is Faster Than You Think” by Peter Diamdis(and Steven Kotler) and listening to a Jeff Bezos interview with David Rubenstein on YouTube, I have come to realize that new or existing infrastructures give rise to entrepreneurial innovation. Most top companies have leveraged new or existing infrastructures to provide the world with goods and services. When looking at a behemoth in Amazon, the infrastructure which allowed them to...

medium.com
Keon Jukes
Jun 2
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The Federal Reserve is getting desperate: Ron Paul

The Federal Reserve is getting desperate: Ron Paul

GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.XBy | In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as $750 billion of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds.The bond purchasing...

ocregister.com
Ron Paul
Jun 22
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OPEC and allies set to ease oil output cuts, anticipating demand recovery

OPEC and allies set to ease oil output cuts, anticipating demand recovery

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns.Key members of the Organization of the Petroleum Exporting Countries and its Russia-led allies are set to meet via web conference Wednesday to debate the group’s current and future production.In April, Saudi Arabia, the world’s largest oil exporter, led a push that saw the 23-producer group cut its collective output by 9.7 million barrels a...

marketwatch.com
Summer Said
1d ago
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Autonomous trucks and the future of long-hauling | The Burn-In

Autonomous trucks and the future of long-hauling | The Burn-In

Sign inLog into your accountyour usernameyour passwordSign upRegister for an accountyour emailyour usernameA password will be e-mailed to you.Password recoveryRecover your passwordyour emailSign inWelcome! Log into your accountyour usernameyour passwordCreate an accountWelcome! Register for an accountyour emailyour usernameA password will be e-mailed to you.Password recoveryRecover your passwordyour emailA password will be e-mailed to you.Automation is a trend of the future for many industries, not the least of these being trucking. Cross-country driving to deliver goods is a staple of the...

theburnin.com
theburninhub
7d ago
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Latin America News, Latin Artists and other personalities, Health and Education in Latin America, Statistics, Immigration, Latin Culture, Other world news

Latin America News, Latin Artists and other personalities, Health and Education in Latin America, Statistics, Immigration, Latin Culture, Other world news

Big Companies Received PPP Loans Intended for Small BusinessesNEXTBy ()Tags, , , ,© 2015 Latin Post. All rights reserved. Do not reproduce without permission.

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Latin Post
1d ago
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Could the United Kingdom become an emerging market?

Could the United Kingdom become an emerging market?

Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.London (CNN Business)Brexit and the coronavirus pandemic are . Could it end up looking more like Turkey, Mexico and than France, Germany and the ?Some analysts on Wall Street are beginning to wonder whether a volatile currency, and a reliance on foreign investors could relegate the United Kingdom to "emerging market" status.Bank of America suggested in a recent note to clients that it may be time to treat the as an emerging market currency, citing Brexit and worsening debt dynamics as a result of...

cnn.com
Analysis by Julia Horowitz
Jul 5
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Starbucks will require customers to wear masks in all of its coffee shops

Starbucks will require customers to wear masks in all of its coffee shops

By Starbucks will start requiring customers to wear facial coverings or masks in all 9,000 of its company-owned American stores beginning July 15.The mandate is part of Starbucks’ “continued effort in prioritizing the health and well-being” of its employees and customers during the coronavirus pandemic, the company said in a statement Thursday.Requiring a facial covering or mask supersedes local laws in some states or cities that might not require wearing one. Starbucks said customers who refuse to wear a mask inside can order from the drive-thru, curbside pickup or delivery.Starbucks has...

oregonlive.com
1d ago
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Target’s Gig Workers Will Strike to Protest Switch to Algorithmic Pay Model

Target’s Gig Workers Will Strike to Protest Switch to Algorithmic Pay Model

On Wednesday, the day of the work stoppage, Shipt will expand a blackbox pay model that workers say will hurt their earnings.By signing up to the VICE newsletter you agree to receive electronic communications from VICE that may sometimes include advertisements or sponsored content.

vice.com
1d ago
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DoJ Indicts VC Michael Rothenberg

DoJ Indicts VC Michael Rothenberg

The U.S. Department of Justice has an indictment of investor Michael Rothenberg, a once high-flying venture capitalist whose wings seemingly got clipped after the U.S. Securities and Exchanges Commission (SEC)  of investors' funds. Rothenberg was slapped with more than $31 million in fines from the SEC as a result, but it appears authorities are still pushing for more, as the Justice Department has filed charges of fraud against him. The DoJ alleges Mike Rothenberg "orchestrated multiple schemes to defraud his victims", victims, in this case, being investors in Rothenberg Ventures, the...

thetechie.de
1d ago
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Sustainable-investing flows have smashed records in 2020. What’s going on?

Sustainable-investing flows have smashed records in 2020. What’s going on?

Is 2020 the year ESG came of age?Flows into investment products with an environmental, social, or governance focus — also sometimes called sustainable investments — are topping earlier records, gathering over $15 billion in just the first six months of the year, according to research provider ETF Flows.Investors have long expressed interest in ESG products, but rarely put their money where their mouths were, noted Dave Nadig, a longtime veteran of the now serving as ETF Flows’ chief investment officer and director of research. “The dam has broken. This is the year it came out of the...

marketwatch.com
Andrea Riquier
3d ago
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Microsoft’s solution to Zoom fatigue is to trick your brain

Microsoft’s solution to Zoom fatigue is to trick your brain

You need to enable JavaScript to view this site.There’s a certain routine to logging on to the now-ubiquitous videoconference: join a screen of Brady Bunch–like squares, ping-ponging your gaze between speakers but mostly staring self-consciously at your own face. What started as a novelty of working at home is now an exhausting ordeal that can leave us feeling mentally wiped out.  Microsoft thinks it’s got a solution. On Wednesday it launched “Together Mode” for its Teams business software, as part of a new suite of updates. The videoconferencing tool uses artificial intelligence to take a...

technologyreview.com
Author Tanya Basu
4d ago
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United, pilots union reach tentative agreements for early retirements and voluntary furloughs

United, pilots union reach tentative agreements for early retirements and voluntary furloughs

Keep Me Logged InKey Points and the union that represents its some 13,000 pilots have reached a tentative agreement on voluntary furloughs and early retirement packages, the latest effort to slash costs as the coronavirus pandemic devastates travel demand.United is the last of the four biggest U.S. carriers to reach such an agreement with pilots. The airline's shares were up 1.6% in morning trading on Friday.The deal comes as chances for a recovery in air travel grow more remote as cases of spike and states like New York and New Jersey issue  for some arriving travelers in a bid to stop the...

cnbc.com
Leslie Josephs
3d ago
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Pharrell Williams Eyes Venture Investing

Pharrell Williams Eyes Venture Investing

It seems celebrities across the U.S. have heard of good fortunes being reaped in the world of venture investing and are out to get their own share. Many music, movies, and sports bigwigs, including the likes of Kevin Durant, Lebron James, The Chainsmokers, Snoop Dogg, and Shawn "Jay-Z" Carter, have slightly ventured away from their main business into investing in tech startups, some reaping sizeable returns as a result. Now, it seems another celebrity is about to join, as reports that famed musician Pharell Williams is teaming up with Ron Conway, a prominent angel investor, to launch a...

thetechie.de
1d ago
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