The latest news and headlines from Yahoo! Organized as a for profit B Corporation which puts weight on both social good and earnings, has nurtured campaigns which have allowed a 22-year-old to upend Bank of America’s plan to introduce new fees for its debit cards, enabled a 23-year-old New York grad student to successfully petition Sallie Mae to change its forbearance policy on student loan delinquencies, and empowered a 13-year-old to create a campaign which the Governor of Illinois admitted led him to veto a bill that would have prohibited towns from banning plastic bags.
Perhaps the greatest irony of FATCA is that it grew out of the 2010 Act that was titled “Hiring Incentives to Restore Employment (HIRE) Act.” But instead of contributing to economic growth, FATCA has just put another regulatory and reporting burden on global financial trade, throwing a roadblock into the free markets that move money to where it gets the best risk-based return.
Most foreign companies are not making the most of international trade shows, as shown by the McKinsey Connectedness Index, which ranks 139 countries on the inflows and outflows of goods, services, finance, people and data. Roberts and I both spend a lot of electrons on two of the issues on which deadlock seems especially intractable: the need to confront global climate change and to shift away from fossil fuels.
The Second Industrial Revolution telecom and cable companies would like to control the content and the traffic on the IoT, in order to boost their margins, and secure a monopoly by dint of their ownership of the “pipes.” Prosumers are equally determined to keep the Internet of Things an open Commons and find new apps that will advance network collaboration and a push to near zero marginal costs and near free goods and services.