If you order now, by this time tomorrow, your Amazon Prime package will likely be on your doorstep. With the move to guarantee one-day delivery for Prime Members, Amazon has faced increasing pressure to streamline and improve its supply chain operations continually. According to 2019 Q3 earnings, sales have grown 24% from last year as […]
Vision Fund Woes Signal Changing Environment of Tech Start-Ups and Venture Capital
Haphazardly investing billions into scores of tech startups may be falling out of fashion. The struggles of SoftBank’s Vision Fund—a true titan of the venture capital world—provide a striking example. The market has not been kind to SoftBank CEO Masayoshi Son’s brain child: WeWork has failed to go public and the performance of other key […]
Wealth Tax: A Noble Idea Fraught with Practical Difficulties
As part of their election campaign, Democratic presidential candidates, Elizabeth Warren and Bernie Sanders, have proposed the introduction of wealth taxes that threaten the economic stronghold of the richest Americans. The proposal attempts to address the alarming concentration of wealth among rich Americans along with the threat it has posed to the nation’s democracy. Warren’s […]
Striking Out: Workers Demand More as Economy Booms
Although corporate profits have climbed to their pre-recession peak, thousands of workers across the nation are striking for higher pay and better working conditions. In 2018, nearly 500,000 workers participated in significant strikes – the highest number since the 1980s. The picket lines show no signs of slowing in 2019. Twenty major strikes have already […]
Facebook’s Political Ad Policy: Getting Paid for “Free” Speech
Mark Zuckerberg recently gave a speech at Georgetown University defending Facebook’s policy that allows political ads with inaccurate or baseless information to remain on its site. Zuckerberg stated that the policy promotes “free expression” by giving users the “power to express themselves.” In support of this proposition, Zuckerberg referenced the First Amendment, Martin Luther King, […]
EU Goods Hit Hard by US Tariffs
As of last week, Italian cheese, Spanish olives, Scotch whisky, and French wine, among other EU goods, have just become more expensive to import – thanks to a decision from WTO arbitrators announced earlier this month. These tariffs are forcing American importers to pay up to 25% more for the targeted items, collectively worth about […]
Boeing Removes Chairman Weeks Before Congressional Hearing
After markets closed on Friday October 11th, Boeing announced the removal of Dennis Muilenburg as Chairman. While Muilenburg will retain his titles of CEO, President, and Director, Boeing has designated David L. Calhoun to take over the Elected Non-Executive Chairman role. This change comes seven months after the Federal Aviation Administration (FAA) grounded the entire […]
American Businesses: Patriotism Over Greed?
Since October 4, 2019, the NBA has unwittingly found itself in the battle ground of a geopolitical conflict after Daryl Morey, the Houston Rockets General Manager, tweeted an image with the words “Fight for freedom – stand with Hong Kong.” The owner of the Rockets, Tilman Fertitta, engaged in damage control, tweeting that “[Morey] does […]
Facebook may be ordered to remove digital content worldwide, E.U. says
On October 3, 2019, the European Union Court of Justice (the “ECJ”) ordered Facebook to remove illegal content worldwide. Not only does this ruling have global implications for other social media platforms, but it gives rise to freedom of speech issues. According to the facts of the ECJ case, Ms. Eva Glawischnig-Piesczek – a member […]
Oracle’s Secret Weapon: Safra Catz to Potentially Lead as Sole CEO
Oracle’s Safra Catz had been co-Chief Executive Officer (CEO) with Mark Hurd since September 2014. On October 18, 2019, Hurd died at the age of 62. He was known as the leading force behind Oracle’s sales, customer and technical support, business development, and marketing team. Oracle’s co-CEO structure allowed Catz to be the dominant force […]