Luxury London homes still used to launder illicit funds, says report
https://www.theguardian.com/money/2020/dec/21/luxury-london-homes-still-used-to-launder-illicit-funds-says-report?CMP=Share_AndroidApp_Other
BAT and Imperial tobacco firms profited from child labour, law firm alleges
https://www.theguardian.com/business/2020/dec/18/bat-imperial-tobacco-firms-child-labour-law-firm-alleges?CMP=Share_AndroidApp_Other
Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says
Another nail in the trickle down coffin Fifty Years of Tax Cuts for Rich Didn’t Trickle Down, Study Says [“https://www.bloomberg.com/news/articles/2020-12-16/fifty-years-of-tax-cuts-for-rich-didn-t-trickle-down-study-says”]
Robinhood faces legal action over ‘gamification’ of investing
Robinhood faces legal action over ‘gamification’ of investing – https://on.ft.com/2IZdmgC via @FT
Paycheck Protection Program data released by Small Business Administration after lawsuit shows largest borrowers – The Washington Post
No surprise here. The definition of small business was allowed to be defined at the location level for large chains. Hence as long as a chain didn’t employ more than 500 at a restaurant, each location was deemed a small business. And for many, the PPP became a creative game of managing payroll to maximize …
Opinion | Remote education is a failure – The Washington Post
Online learning is failing. It accentuates class divides between public and private schools and across social classes. And this is in the developed world. The challenges in developing countries to successful online learning are far greater. https://www.washingtonpost.com/opinions/2020/12/02/remote-education-failure-coronavirus/?utm_campaign=wp_opinions_pm&utm_medium=email&utm_source=newsletter&wpisrc=nl_popns
The Trump administration may privatize Fannie Mae and Freddie Mac — and it could disrupt the nation’s housing-finance system – MarketWatch
A fully privatized mortgage market will fundamentally change mortgage credit. The US is the only mortgage market in the world with a fixed rate for 30 years. It only works because most mortgages have no credit risk. Once you remove the govt guarantee you then have both credit risk and interest rate risk. Investors facing …
Waiting list for council homes in England ‘will double to 2 million’ | Homelessness | The Guardian
Another example where social policy in the UK is broken. https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/society/2020/nov/14/waiting-list-for-council-homes-in-england-will-double-to-2-million
Imagining a Second Life for Midtown Manhattan’s Empty Offices
Reimagining NYC office space. Imagining a Second Life for Midtown Manhattan’s Empty Offices [“https://www.bloomberg.com/news/articles/2020-11-02/should-manhattan-s-offices-turn-into-housing”]
Zillow’s Zestimate Is the Algorithm We Love to Hate. Why Can’t We Quit It? – The Wall Street Journal.
Zillow’s Zestimate Is the Algorithm We Love to Hate. Why Can’t We Quit It? https://www.wsj.com/articles/zillows-zestimate-is-the-algorithm-we-love-to-hate-11603981690