No industry is immune to fraud, and the hotter the business, the more hucksters flock to it.
But Silicon Valley has always seen itself as the virtuous outlier, a place where altruistic nerds tolerate capitalism in order to make the world a better place.
Suddenly the Valley looks as crooked and greedy as the rest of the business world. And the growing roster of scandal-tainted startups share a theme. Faking it, from marketing exaggerations to outright fraud, feels more prevalent than ever—so much so that it’s time to ask whether startup culture itself is becoming a problem.
Source: Fraud in Silicon Valley: Startups Show Their Unethical Underside
At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use Bitcoin (or BTC), where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols.
The purchaser decodes the code with his smartphone to get your cryptocurrency.
Put another way; cryptocurrency is an exchange of digital information that allows you to buy or sell goods and services.
The transaction gains its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file-sharing system.
Source: Guides Archive – Blockgeeks
What makes the Hayward so concerning, explained Richard Allen, the director of the Seismological Laboratory at the University of California, Berkeley, is that it is not creeping quickly enough. In theory, it should be slipping about ten millimeters a year, roughly twice its observed rate.
Over time, the deficit mounts until the rock formations along the fault can no longer tolerate it. “That distance has to be accommodated eventually by sudden land movement, which is an earthquake,” Allen said.
Source: Creep on the Hayward Fault – The New Yorker
The same problems come up again and again in discussions of what Japan needs to do to revive its economy.
The first is low white-collar productivity.
The second is population aging.
The third is gender equality.
Now Japan’s government is poised to attack all three problems at once, undertaking an assault on one of the central features of the country’s corporate culture — long working hours.
Japan is legendary for its work ethic …
Source: Japan Takes On Its Workaholics – Bloomberg View
The president-elect has vowed to rewrite global trade agreements to better protect American jobs and businesses, but has yet to provide much detail on what steps he will take.
Yet it’s clear that Trump’s presidency will usher in a new era of trade dealings, one that could churn up new tensions with major trading partners like China, Mexico and Japan.
Here are five trade policies to watch in the Trump administration …
Source: Trump and trade: Five things to watch | TheHill
When you are being interviewed for a job, remember that nobody cares about you. All they care about is what you can do for them.
No matter how any question is phrased, it’s always about how your strengths, motivation and fit can help solve their problems.
If you can’t convince interviewers you can solve their problems, they won’t hire you.
If you convince them you can solve their stated problems, they could hire you.
If you convince them you can solve their most important, hidden, underlying problems, they must hire you.
Source: How To Become The ‘Must Hire’ Candidate In A Job Interview
Indonesia will drop JPMorgan Chase & Co from providing some services to the government after the bank’s research arm said investors should reduce their exposure to the country, senior finance ministry officials said on Tuesday (Jan 3).
A 2006 government decree says a perception bank is one appointed by the finance minister to receive transfers of state revenue not related to imports, including tax, onshore excise and non-tax revenue.
Source: Indonesia penalizes JPMorgan for ‘underweight’ call: officials | Reuters
Twitter Inc executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend.
Twitter has been blocked in China since 2009 but is still used through virtual private networks (VPN).
The end of Chen’s relationship with Twitter comes at a time when China is urging for greater internet curbs.
Source: Twitter’s China boss Kathy Chen quits after eight months | Reuters
A new, Republican-controlled U.S. Congress convenes on Tuesday (Jan 3) eager to repeal major portions of President Barack Obama’s healthcare law and roll back environmental and financial industry regulations, but could quickly become embroiled in fights over President-elect Donald Trump’s Cabinet choices.
Obama is scheduled to meet on Wednesday (Jan 4) with congressional Democrats to discuss strategies for fending off Republican attacks on Obamacare.
Source: New Congress prepares to undo Obamacare, weigh Trump personnel picks | Reuters
Russia wants to hold maritime drills with the Philippines to help combat terrorism and piracy, sending two warships to Manila for the first official navy-to-navy contact, as President Rodrigo Duterte pivots to United States’ traditional rivals.
“Our governments will maybe discuss in some period of time the possibilities of our maritime exercises,” Rear Admiral Eduard Mikhailov, head of the Flotilla of the Russian Navy Pacific Fleet, told a news conference, adding Russia has been holding drills with the Indonesian navy.
Source: Moscow seeks naval drills as Russian warships visit Manila | Reuters