Whatever Happened to Facebook’s Audacious Crypto Plans?
Last summer, as Americans were preparing for beach and barbeque -- when the world seemed more or less normal -- Facebook was preparing for a kind of disruption and dominion of its own doing. The social media giant intended to remake a marketplace that few Americans had little understanding of: cryptocurrencies. As the last year has proven, Facebook too had little understanding of the murky commerce of cyber finance. It has scaled back its ambitions.
Financial Virus: Will Negative Rates Spread to America?
Last fall, as markets were reaching Everest heights, President Donald Trump began calling for below-zero interest rates in the United States, a phenomenon that has beset many European countries and Japan, to little positive effect. While appealing on the surface, supporters of such an interest rate environment should temper their enthusiasm and take caution: Be careful what you ask for.
What the SECURE Act Means to Retirement Planning
Much to the surprise of many government officials and retirement experts, after languishing in the summer heat for months in a near-death spiral unrelated to retirement policy, Congress passed, and President Trump signed into law last December the SECURE Act. The new law is more than a new law. It is the most consequential statement made on retirement policy -- hence, planning -- in a generation. If you are in retirement or about to retire, it will likely affect you. And that is a good thing.
With Capitalism Under Assault, Business Leaders Reimagine Role of The Corporation
The American corporation was the logical extension of the Industrial Revolution. By the mid-20th Century the modern corporation was a formidable symbol and sanctuary of America’s economic power. It was also a foundation of social stability and increasing affluence for the American worker -- lifetime security along with generous benefits, and a means for intergenerational transmission of prosperity. For decades this grand experiment was a spectacular success. But now the model is fractured. Read Jim Freeman’s insightful piece on the transformation of the American corporation, as business leaders rethink the role of large companies in an age marked by disruption. Of everything.