These Stores Have the Best Return Policies in Retail
L.L.Bean ended its legendary lifetime return policy to clamp down on customers who were taking heavily worn products. …
How to Construct a New Invisible Hand
We consider all the drivers of change – from the ground up and we’ll motivate and support you to make the change. …
Putin, Trump, and the Nuclear Danger
The idea that a low-yield nuclear weapon would be seen as different from a higher-yield nuclear weapon shows a complete lack of understanding of how information promulgates in the world. …
Seeking Reader Sightings on the State of Flyover
The US is a large and often very disparate country, yet the parts we hear about the most are the parts that are most the same. …
The Biggest Reset Looms for Corporate Credit Market
Banks sell them to loan mutual funds, or they slice-and-dice them into structured Collateralized Loan Obligations (CLOs in short) and sell them to institutional investors. …
Why Trump Is So Clumsy About Fighting ‘Free Trade’
According to media, President Trump announced last week that he plans to impose 25 percent tariffs on imported steel and 10 percent on imported aluminum. …
Stock Buybacks Hurt Workers and the Economy
Workers, innovation, and productivity all suffer when corporations spend their new U.S. tax breaks on stock buybacks. …
SEC Stymies Plans to Offer Bitcoin Funds Anytime
Just last week, the SEC confounded these expectations, by asking sponsors to withdraw proposals to offer ETFs based on bitcoin futures. …
Shareholder Proposals Target Climate Change Risk
Actual voting data seems to confirm the study; many shareholders are coming off the sidelines on environmental and social shareholder proposals. …
Artificial Intelligence and the Stability of Markets
Artificial intelligence (AI) is useful for optimally controlling an existing system, one with clearly understood risks. It excels at pattern matching and control mechanisms. …
More Signs of Private Equity Market Frenzy: Firms Selling Stakes
The article also touted infrastructure as a new growth area. But as we’ve written, infrastructure deals are getting a deserved bad name in the US. …
Silicon Valley Rejects Shareholder Value Theory
These were not top-tier b-school alum; they were writers, computer programmers, online forum moderators and ended up owing a fortune. …
Mutual Funds Cut Uber Valuation by as Much as 15%
Since then, the reports from the Uber side as to where SoftBank stands have kept shifting, and its allies can’t keep their story straight. …
Private Equity Firms Sued Over Retailer Bankruptcies
Gymboree’s June bankruptcy filing occurred days after it couldn’t make a semiannual interest payment on debt dating back to Bain Capital’s $1.8 billion 2010 buyout. …
The Retirement Wealth Inequality Machine
Thus, how such programs are set up and administered is likely to merely expand financial asset management fees while collecting taxes and penalties to boost the treasury. …
How Cuba Became a Biopharma Juggernaut
More recently, the CIMAvax-EGF vaccine for lung cancer became the first Cuban biopharmaceutical product to carry out clinical trials on American soil. …
Time to Stand Up for Dumb
Let’s start out with a smart device undershoot that seldom gets mentioned: e-books. E-book sales fell in 2015 and fell even more in 2017 as both paperback and hardback sales rose. …
Wizards and Prophets Face Off to Save the Planet
Ideally with nuclear power, because it has the smallest footprint of any low-carbon source, but you could also have giant concentrated solar plants and that sort of thing. …
Mastercard Pushes Biometrics, Banks Follow
Mastercard has set a deadline for widespread use of biometric identification for its services across the whole of the EU: April 2019. …
Don’t Want a Robot to Replace You? Study Tolstoy
You get constant practice at it. There’s no way to read Tolstoy without extending empathy on page after page with one character or another. …
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