Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
“The individual system with the 401(k) is a monster, especially for people 60 years old or more,” says Angelien Kemna, a leading European investor and pension executive. Kemna is no bleeding-heart liberal. She arrived at this conclusion after leaving one of the top private-sector jobs in global finance—CIO and CEO of ING Investment Management in…
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On her first campaign stop in Iowa in April, Hillary Clinton struck a decisively populist tone, declaring that “the deck is still stacked in favor of those at the top.” Later, she sharpened her rhetoric on income inequality by comparing the salaries of America’s richest hedge fund managers with kindergarten teachers. Clinton isn’t alone….
Black cab drivers gum up a London street to protest against Uber. Photo by Chem Squier. This article originally appeared on VICE UK. It was seven o’clock on a cold January evening when Orhan, a taxi driver for Uber, first realized he had a problem. Well into his second shift of the day, he tried…
Editor’s note: This is the third in a series of articles about the effects of software and automation on the economy. You can read the other stories here and here. The way Hod Lipson describes his Creative Machines Lab captures his ambitions: “We are interested in robots that create and are creative.” Lipson, an engineering…
remove the whitespace added by escenic before end of tag London Underground drivers will stage a 24-hour strike next month in a move that union leaders have warned will shut down the entire network during Wimbledon. Members of Aslef will walk out from 9.30pm on Wednesday, July 8 in a long-running row over pay and…
[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…
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…
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…