Stock sell-off “not an isolated event”
— The latest wave of heavy selling in financial markets is a clear sign of things to come, according to a new report from the world’s oldest international financial organization.
— The Bank of International Settlements (BIS), an umbrella group for the world’s central banks, warned on Sunday that a normalization of monetary policy is likely to trigger a flurry of sharp sell-offs over the coming months.
Four-day workweek gains momentum
BERLIN – Work four days a week, but get paid for five?
— It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more motivated staff and less burnout.
— “It is much healthier and we do a better job if we’re not working crazy hours,” said Jan Schulz-Hofen, founder of Berlin-based project management software company Planio, who introduced a four-day week to the company’s 10-member staff earlier this year.
— In New Zealand, insurance company Perpetual Guardian reported a fall in stress and a jump in staff engagement after it tested a 32-hour week earlier this year.
— Even in Japan, the government is encouraging companies to allow Monday mornings off, although other schemes in the workaholic country to persuade employees to take it easy have had little effect.
— Britain’s Trades Union Congress (TUC) is pushing for the whole country to move to a four-day week by the end of the century, a drive supported by the opposition Labour party.
Report documents vast scale of Russian agit-prop aimed at US election
— Russian agents reached a staggering number of Americans through social media during the 2016 election campaign, and sites like Facebook missed some obvious signs of what was happening, according to a report prepared for the Senate Intelligence Committee. The report, seen by the Washington Post, found that Russians at the “Internet Research Agency” divided Americans into interest groups and targeted them across social media, posting on smaller sites like Tumblr as well as on Facebook, Twitter, and YouTube. “What is clear is that all of the messaging clearly sought to benefit the Republican Party—and specifically Donald Trump,” the report states. Over three years, the Russians’ Instagram posts alone had more than 185 million likes.
Amazon looking to trim “crap” from its offerings
Gizmodo rewrite/ Wall Street Journal
…. e-commerce behemoth is moving away from selling products apparently known internally as known as “CRaP,” or Amazon-speak for “Can’t Realize a Profit.” These are products typically tagged at $15 or under, like snack foods and bottled drinks, the Journal said. Citing sources familiar with the matter, the report claimed the company is pushing brands to overhaul their packaging and is raising prices in order to bolster its already massive revenue.
Google joins tech move East, with $1 billion NYC campus
— Google became the latest US tech giant to announce a major expansion plan, unveiling a $1 billion investment Monday to create a new campus that could double its New York City workforce to 14,000.
Apple’s Austin expansion: Yup, the rich get richer
…. “This just reiterates that big tech siting decisions are continuing to concentrate on a very short list of sizable, well-established digital centers that are not losing share but are gaining share of the industry,” said Mark Muro, a Senior Fellow at the Brookings Institute’s Metropolitan Policy Program. “While some may view Austin as a rise-of-the-rest story, I think it’s a rich-getting-richer story,” he says—or what CityLab’s Richard Florida calls “winner-take-all urbanism.”
She won’t sign a pro-Israel statement, so Texas won’t hire her
— A children’s speech pathologist who has worked for the last nine years with developmentally disabled, autistic, and speech-impaired elementary school students in Austin, Texas, has been told she can no longer work with the public school district after she refused to sign an oath vowing that she “does not” and “will not” engage in a boycott of Israel.
N.J. Dems back away from gerrymandering scam
— The storm of protest came mostly from the left, from Democrats and liberal activists who want to win elections fair and square. They signed the petitions, organized the marches, and testified against the plan. Citizen groups like the League of Women Voters, the Brennan Center for Justice, and the American Civil Liberties Union of New Jersey all called this a partisan gerrymander. The Princeton Gerrymandering Project warned that Republicans could someday use these same rules to gain unfair advantage against Democrats.
>>> N.J. becomes first state to ban wild animal acts at circuses
New primary to be held after fraudulent N.C. election?
RALEIGH, N.C. — Legislation quickly passed by North Carolina’s lawmakers this week would prepare a path for Republicans to dump their nominee in a still-undecided U.S. House race marred with ballot fraud allegations.
May tries to stomp notion of 2nd Brexit referendum
NOT NEWS, NO LINKS:
> Trump issues moronic tweets
> Gov’t shutdown blah blah blah
Family disputes Border Patrol account of girl who died in custody
— EL PASO, Texas – A young Guatemalan girl who died after she and her father were detained by U.S. border agents was in no medical distress when they arrived and had received adequate food and water on their journey, relatives said on Saturday through representatives in Texas.
— A statement from the family of 7-year-old Jakelin Caal Maquin, released to reporters in El Paso, Texas, by the head of a migrants shelter where her father was staying, disputed media reports that the girl had gone days without food or water and become dehydrated while traveling from Guatemala through Mexico to the U.S. border.