by Hilary Barnes, Eurotwit
Written by John Lounsbury
There was an article this weekend in the Financial Times by Sharlene Goff that caught my attention. I have have been one of many screaming that perverse compensation incentives had a lot to do with the financial crisis. Lloyds is the first major financial institution that I am aware of that has announced an effort to change the "incentivization of bad acts."
Much has been written about the mortgage industry minions were paid for the volume of loans they processed without regard to quality. The greater the number of robo-signed documents pushed through the more all levels from actual pen holders all the way up to top executives were paid. Not one of them ever lost a penny of that compensation when millions of mortgages were no longer properly documented and recorded.
by Steve Randy Waldman, Interfluidity
I think there is a tradeoff between inequality and full employment that becomes exacerbated as technological productivity improves. This is driven by the fact that the marginal benefit humans gain from current consumption declines much more rapidly than the benefit we get from retaining claims against an uncertain future.
Written by Ethan Freeman
Cyberbullying is bullying transferred to the realm of cyberspace. With the advent of digital communication and social media sites, bullies took to the Web as a new way to torment peers. Bullying online can have serious repercussions, and parents and teachers should be very concerned.
The National Crime Prevention Council has claimed that when teens were asked why they think their peers bully online, 81 percent said that cyberbullies think it's funny. Cyberbullying can involve impersonation to libel teens, spreading rumors and threats about the victims or posting reputation-damaging pictures without consent. They've also been known to manipulate people into revealing personal information to use to the victim's detriment. Social networking sites and cellphones have replaced traditional playgrounds and school hallways as the bully's place to prey.
If the United States economy is to restore itself to earlier levels of full employment, prosperity, and financial soundness, the American manufacturing community must engage in a national effort to resurrect its global competitiveness.
Today, we are threatened by a new brand of economic imperialism. While the form of the threat is different, the results could be as destructive as the earlier dangers of previous problems from Fascist military imperialism, the spread of Communism, and the more recent Jihadist terrorist attacks. The restoration of the competitiveness of the American manufacturer is a new kind of war we need to win.
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