35 Burst results for "Financial Times"
Attacks briefly knock some podcast hosts offline
"Browns bean spreaker and captivate all subjects to eight to nile attack. The same attackers appear to have been involved. We were wondering why they targeted podcast hosts so we talked to them. You'll find that full report in our show notes and our newsletter today. A company called. Happy scribe is publishing automated transcripts of podcasters without the parent's consent of many of the publishers. We learned today. Cumulus media owner of westwood. One has its achieved more than one billion downloads. In two thousand twenty podcasting revenue grew forty percent last year to they say. They've made their bet on partnership arrangements with talent as opposed to going out and spending a lot of money on it or infrastructure the company uses spotify owned megaphone backtracks has launched a tool that monitors your head gesture movements. The tool requires the listener to be using airpods pro headphones investor. Andrew wilkinson says in a tweet. He's removing podcasts. From his phone because podcastone mostly people repeating ideas. You already agree with or talking about things that trigger anxiety. He's co founder of tiny capital which invests in ios podcast app castro podcast membership platform super fast and podcast producer. Righto media try and digital has released the latest podcast ranker's for the us and latin. America they're incomplete ranker's containing participating publishers only notably the ranker's don't include. I heart radio podcasts. Triton digital is being bought by the company echoing the open independent nature of podcasting and writing in the financial times fulmer spotify chief economist will page notes that major labels released one point two million songs in two thousand and twenty but diy artists released nine point five million songs the music industry. He says he's making more money but has more mouths to feed. Iv is a new podcast app. That offers a way to follow. Topics tags hosts or podcasts. Catholic part is also a new podcast for android with a great name. Mavi star homa smart speaker in spain from canada now incorporates. I've is podcast catalog. And i will be speaking at the rain. Podcast business summit with npr's. Brian moffatt tickets are free and available now from link in our show notes and our newsletter. Today and in paul cost us the journal has an interview with dominion voting systems. Ceo john pelos today. His company has filed three defamation lawsuits against tv networks. Saying his excellently. One hundred percent accurate and very handsome. Voting machines are perfect. Which of course they absolutely are and nassar's curious universe is the first podcast recorded on another planet if features raw recorded sounds from the mars perseverance rover
There is a Surge Of Coronavirus Deaths in Mexico
"New data reveal a surge of cova deaths in mexico. The country has officially confirmed more than two million cases. An almost one hundred eighty thousand deaths from the corona virus but mortality rates. Tell an even more grim tale over the past year deaths were fifty two percent higher than in previous years. According to the financial times that puts mexico's rate of excess deaths much higher than that of countries such as america and brazil assembled woman to stay lot yet earlier this month. Mexico's president andres manuel. Lopez obrador widely known as anglo said. We are living in a stellar moment. The kovic spike is far from the country's only problem poverty. Corruption and crime are all on the rise but polls indicate that two years into amyloid term. Most mexicans are willing to give him more time. Mexico's president is incredibly popular. Sir burke is our mexico bureau chief he wanted on slide in two thousand eighteen and he still has approval ratings that most other leaders would be extremely jealous off at sixty two percent as it stands and that's all in spite of what looks like a very good handling of most things most obviously at the moment the pandemic. What do you mean by that. Mexico is a terrible record for covert hospitals are full and oxygen tanks in short supply. It's done very few tests for covid. It hasn't provided very much financial support tool for people who are suffering or being asked to stay home not to work the vaccination which is one sort of bright spot potentially insofar as mexico has lined up enough vaccines to cover its population. But it's a very very slow start. That might be picking up now. But otherwise there talks of ten years to get to seventy five percent of the population being vaccinated. I'm currently this has been a problem again from the top. So i'm low has completely downplayed the importance of the pandemic. He has refused to wear a face mask apart from wants when he flew in an airplane to go to the united states and he got covid himself the stars of this year and he reappeared and everyone thought well. Maybe he'll have changed his mind after this. But he reiterated again that he wouldn't be wearing a face mask so in the face of that pandemic response on wires his popularity still so high so he had this amazing vision for mexico in eighteen. Which is why he won with a landslide. He said. I'm going to do a fourth transformation. These big bold plan to make the country fairer and more equitable ending corruption and crime. And making sure there was economic growth where the gains were fairly distributed so that poor people go rich. The reality is slightly different from the vision so far in the two and a bit years. He's been in power. He's been undoing. The reforms of previous presidents and dismantling that system throwing out the baby with the bath water you could say. And then his new initiatives mainly they seem to fail to solve the problems that they put two and then a of third element is that he's really concentrated power in the presidency and some people say that they get things done and other people think they're more evil intentions behind that well. Let's come back to the throwing the baby out with the bathwater part. What's he'd been doing. In terms of reform he abolished prosper. Which was a very sort of lauded conditional cash transfer program for the poor he also reversed education. Reform was much more meritocratic assessment of teachers. A big one at the moment is he's trying to reverse bit by bit and opening of the energy market. That happened in two thousand thirteen so it was open to private and foreign enterprises which make electricity cheaper and greener on current. Neither congress is debating a bill which would favor cfe which is state owned electricity provider. So they're actually go first into the grid. As opposed to the cheaper electric which is often green provided by private companies. This would obviously raise prices and deti energy but it could also breach the. Us mexico canada agreement. Which is the north american free trade pact to replace after another sort of big thing has been getting rid of or proposing get rid of a lot of the autonomous agencies such as the freedom of information agency all these ones keep checks on the government and what it's doing so well he's been tearing all that down. What's he been building up. Will you say his own initiatives. Don't do what they should. He's very dedicated to fiscal discipline. That's a good thing especially in a so-called left leaning president it's also become very counter productive during the pandemic. The imf is telling mexico to spend more so far it's only spent nine point seven percents of gdp on extra efforts during the pandemic and more needs to be done and some people think this is going to need to scarring that there's going to be permanent drop in output caused by loss of jobs and businesses so the recovery is going to be much much slower in mexico than elsewhere. He's also splashed out on bizarre old-economy projects such as pouring money. Pex the world's most indebted oil company. And then he's putting eight billion dollars into a refinery at the time when no other country is building refineries and it's not clear what economic return that will be from that and you mentioned the big transformative plan was in part about ending endemic corruption and crime. How's that been going. Well either jason. That was point. Four percent dip in murders last year and he proclaimed this dip as a very significant success. But that's after a rise the before and frankly during the pandemic you'd expect it to have dropped them. In in other countries across latin america that also suffer high levels of violence that has been the case he also rejected the previous government's tactic of killing and capturing crime kingpins because led to a splintering of gangs. And you might be worth rejecting that. But there's no alternative puts in place. So i think his vision is that you alleviate poverty and crime goes down. That might happen in the long term but it does nothing to sort out the short term problem the problem of the current chapel as opposed to the ones who are still only three years old on corruption. As you could say he's set a good example so has been good political rhetoric. The stiffer penalties on bribe-taking for bureaucrats. But he's unless strengthen the institutions to carry that ford again it's more rhetoric than actual institutional change or heft. The national anticorruption prosecutors overwhelmed with cases and one government agency suggests that the number of acts of corruption actually rose by nineteen percent between two thousand seventeen and two thousand nineteen. It is as you say not a big list of happy news here. I mean when will that's ring down to the electorate. I mean how long we'll mexicans continue to support him for his failures because he really has persuaded a lot of people that he's like them and cares about the he's very popular because of who he is and his message rather than necessarily what he does. The opposition is seen as corrupt on what came before him was horrifically corrupt. And so he's seen the best of a bad bunch by a loss of people. But you know here's a classic populace and a lot of elite azam Against him they see him as a mexican version of hugo chavez. Which i think is a little bit of an exaggeration. But there's this big divides on the mix of policy failure. I'm power grabbing is is worrying.
Epic Games Takes Its War With Apple To Europe
"Expanding the theater of war here epic games has filed a formal antitrust complaint against apple to the european commission claiming that apple imposes commercially unviable burdens on rivals quoting from the financial times epic. Alleged apple has quote not just harmed but completely eliminated competition in app distribution and payment processes by staging a string of quote carefully designed anti-competitive restrictions and quote which argued are in breach of e. You law in. The brussels filing epic also accused apple of giving itself preferential treatment by launching. Its own gaming distribution service apple arcade while making it difficult for competitors to bundle multiple games into single apps within the app store. What's at stake. Here is the very future. A mobile platforms said any epa games founder and chief executive consumers have the right to install choosing and developers. Have the right to compete in a fair marketplace and quote. He said his company will fight what he regards as apple's abuse of its dominant platform quote. It's bad for consumers who are paying inflated prices due to the complete lack of competition among stores and inap- payment processing he said and it's bad for developers whose very livelihood often hinge on apple's complete discretion as to who to allow on the platform and on which terms and
US business schools opt to sit out of some MBA rankings this year
"Several top American business schools have decided not to participate in MBA rankings this year. The Wall Street Journal. Reports Harvard Business School, the University of Pennsylvania's Wharton School Columbia Business School in the Stanford Graduate School of Business there among those who have opted out, they declined to provide data to the economist in the financial times, because they say the pandemic has made it difficult to gather that
Nissan says 'not in talks with Apple' over autonomous car project
"Wondering who the next likely candidate is to make. Apple's fabled electric vehicle the financial times says it is not nissan. People said the know something about something say talks were had though. Those were short divisions over. Branding said to have driven the talks off. The road talks never reached senior management and are no longer active according to the report.
The Third Time May Be the Charm for the Staples/Office Depot Merger--Sort Of
"If at first you don't succeed try try again. Yes we've all heard and that appears to be the mantra of office supply company staples when it comes to its acquisition plans for rival office depot after two previous attempts staples hope that the third time would be the charm as it made another run at joining forces with its big box industry. Peer but the marriage hasn't even happened yet and it already appears that the honeymoon is over office. Depots leadership rejected the two billion dollar offer. Which is about a third of the amount staples was prepared to shell out in its second takeover attempt six years ago. A federal judge blocked that action due to antitrust concerns but a week after the most recent offer joseph loose luso who is chairman of office depots parent company. Odp sent a letter to the board stating that. There were better ways to craft a deal. Reports the financial times vassilis so expressed concern that regulators could block the merger on antitrust grounds which would cause quote significant damage to the business. In other words. The deal will get mired in red tape. And regulatory oversight affecting office depots ability to handle its day to day operations in an effort to head off the objections of wary. Regulators staples has left some options on the table including having the merged business focus on retail business markets instead of also serving large commercial accounts. The financial times reports does letter drew another line in the sand to it said that staples should bear the cost of any potential regulatory risk in an interesting turn of events. Office depot is also landed new financial brains in bronze on its board h. g. vora capital management is an investment fund that had been a silent investor in office depot until january. Then a member of the firm joined the board. Having such an institutional shareholder representatives like quote having free access to an investment bank does not care about fees only shareholder value according to a report on. Cnbc the new board member can help the leadership team. Think more strategically about the best course of action ahead. But the sparring potential partners may want to settle their differences and decide what they wanna do soon. This latest merger attempt comes at a time when office supply brands are struggling in a competitive environment. That includes giants like amazon and walmart. Perhaps you've heard of them and while privately held staples doesn't disclose its financials office depot sales. Were down nearly ten percent last quarter retail wire reports since last merger attempt. Six years ago amazon has become a major force in the office supply. Market it's business. Marketplace is expected to hit more than thirty billion dollars in the next two years. Such a massive competitor may change regulators hearts about letting the two bricks and mortar brands tied the knot according to some reports since the office depot response the ball is back in staples court whether the to office supply. Retailers are to come to some kind of agreement. Well that just may come down to thinking outside the big box
A junta shuts down a nations data networks
"On saturday. Myanmar's ministry of transport and communications directed that all mobile operators serving the country blocked the nation's data network voice and sms. services will remain available tech crunch reports. The general interdiction of data services follows earlier decisions by the country's new military government to block. I facebook and instagram and twitter. The ruling junta has sought to tamp down opportunities for mobilization of dissent and opposition since it took power in a coup last month the grey zone podcast yesterday featured an interview with g h q director jeremy fleming and general sir patrick sanders head of the. Uk's strategic command also responsible for military cyber operations in which they described britain cyber operations against isis british cyber forces disrupted the terrorist groups drone operations denied their operators mobile service and interfered with online propaganda. The campaign by britain's national cyber forces most active in two thousand sixteen and twenty seventeen is sky. News says the. Uk's only publicly avowed offensive cyber operation to date the counter propaganda influence. Operation is in some ways the most interesting intrusive of the efforts fleming is quoted as saying we prevented their propaganda both through physical actions on the battlefield but also remotely getting to their servers getting to the places. They stored their material and quote the intrusion into isis networks extended to locking isis members. Out of accounts deleting or altering the group's information and taking down online posts and videos general sanders said quote. We wanted to ensure that when they tried to coordinate attacks on our forces their devices didn't work that they couldn't trust the orders that were coming to them their seniors and quote. He added that. Deception and misdirection were important ways of degrading isis combat power tactically british cyber operators said to have been working closely with allies including the us were able to block isis commanders orders from reaching subordinates. And we're also able to misdirect isis forces on the ground. In some cases sending their units into kill zones. It was general. Sanders explained a combined arms multi domain effort. The cyber operations didn't stand on their own. He said quote we wanted to deceive them and to misdirect them to make them less. Effective less cohesive and sap them morale. But you can't just do that in cyberspace. You have to coordinate and integrate that with activities that are going on on the ground whether it's from our own forces special forces and others and quote former director of the us cybersecurity and infrastructure security agency. Chris crabs drew some press attention over the weekend with an interview. He gave the financial times the headline in the media outlet. Silicon is representative quote ex. Us cyber boss calls for military strikes on ransomware. Hackers it says which suggests a brace of thomas hawks prancing downtown to hit a gregor extortionists in their parents or maybe pre dawn vertical insertion of a ranger battalion to put paid to the ragnar locker gang in whatever tacky cybercafe. They're using but a close reading or actually a pretty casual reading of krebs remarks indicates that he's pretty much closer in his thinking to ghg cues fleming than he is to say. Curtis lemay or george patton. His point is that ransomware is sufficiently destructive and costly to make it worth governments wild to actively disrupt the gangs operations military cyber units like us cyber command. The uk's national cyber force have disruptive capabilities law enforcement organizations don't and it might be useful to think about how they might be used if at all there may be decisive legal objections to doing so on the other hand. There might be some legal models under which that kind of action might be legitimately organized. What if ransomware actors could be treated like pirates for example new post reports that kaspersky has discerned new activity by the crew using the silent fade. Malware silent fade is an online ad fraud operation that kaspersky has observed resurgent against victims in asia and europe. They'll be worth watching. The silent fade. Gang is thought to have been responsible for some four million dollars in fraud against facebook users. Twenty nineteen security firm checkpoints updates on iranian cyber threat actors domestic kitten and infield warns that both groups remain active mostly against dissident targets. Checkpoint calls them advanced and rights that they have a lot in common quote. Both groups have conducted long cyber attacks and intrusive surveillance campaigns which target both individuals mobile devices and personal computers. The operators of these campaigns are clearly active responsive and constantly seeking new attack vectors and techniques to ensure the longevity of their operations and quote
AstraZeneca COVID-19 vaccine effective against variant first identified in UK: study
"Million doses of the Corona virus vaccine had been administered in the U. S. But there is concerned about how effective some vaccines could be against new variants of the virus. More on that from ABC is Trevor all to the Financial Times reports, a new study shows the Oxford AstraZeneca vaccine has no effectiveness against mild or moderate sickness. Caused by the South Africa variant in a statement, Oxford tells us they're not working to optimize the pipeline should a change to the vaccine become necessary, They say. Every vaccine developer is facing this same issue. Johnson and Johnson, which is seeking an emergency use authorization for its vaccine says it was tested against South African variant and nobody required hospitalization or died.
Oxford/AstraZeneca jab fails to prevent mild and moderate Covid from S African strain, study shows
"Issue ABC is Trevor all the Financial Times reports a new study shows. The Oxford AstraZeneca vaccine has no effectiveness against mild or moderate sickness caused by the South Africa variant in a statement, Oxford tells us they're not working to optimize the pipeline should a change to the vaccine become necessary, They say. Every vaccine developer is facing This same issue. All the debts mounting in the U. S over, 461,000 says Johns Hopkins University Just 18 days after the country hit 400,000, you're listening to ABC News.
Pittsburgh Penguins GM Jim Rutherford Resigns for Personal Reasons
"Question today is who's going to be the next fulltime general manager of the pittsburgh penguins wednesday jer mother furred suddenly and abruptly. We understand resigned as gm of the pittsburgh penguins. Your wide brush thoughts when you first heard it shock. I think everybody was shocked. Someone told me that. An email came from rutherford a company wide. Email came from rutherford to everyone about an hour it was announced and people were just slack jawed. They couldn't believe it. And i think the other thing too is that the penguins signed yannick weber on wednesday morning. 'cause their defense just so battered and rutherford was involved in it he did the signing and then one hour and a half later. It was announced that he was out. So i think it caught a lot of people by surprise. You know. there's a couple of things here. Initially there was a concern that it was health related. If you've been familiar. Jim rutherford's in his seventies and he's been very careful during the time of corona virus. He's mainly stayed out of the public which is perfectly fine. There's nothing wrong with being safe. It's the smart and responsible thing to do for yourself and your family so there were concerns about health. But david morehouse the president and the ceo made sure to point out at the beginning of his. Call that you know. It was not health related. You know something happened monday night. Where rutherford are tuesday. Night where rutherford told the team and they check with them again on wednesday and he decided to do it. I do think there was some kind of philosophical difference about where the penguins were going or how they were like everybody wants the penguins in the organization to continue being in that win now mentality. I don't think anyone disagreed with that. But i think there might have been a professional disagreement on how to get there. The thing that is kind of interesting to me about it is that david. Morehouse his media availabilities. Said it wasn't anything there wasn't anything that you wouldn't normally think was unusual or different like a. Basically disagreements happen all the time and you don't necessarily think they're going to lead to that. And i just wonder if the organization saw one way and rutherford saad another way and he's been quoted as saying it was time and i just think that happened. I think he got to a point where he said. We don't see this the same way and times were challenging. I don't need to tell anybody that and it's just time. And i think that's kind of what happened now. His contract was up. I don't think the penguins and said to him. We're not bringing you back. I don't think there'd been any conversation really about. The contract is a lot of teams right now. And we see it with travis green and vancouver who are kind of saying like during this these financial times. We gotta be careful. So i don't think the penguins had said were not bringing you back. I just think they really kind of punted towards the end of the year and said they talk about dan. So that's kind of where i think it was. I think that there was a philosophical disagreement and about just where they were going. The penguins didn't think it was necessarily a big deal because these kinds of conversations happen all the time. And rutherford just said okay. We just disagree on the vision. It's time for me
European Union Warns AstraZeneca Over Reduction In Vaccine Shipments
"Let's start with an argument. That's being brewing between the european union and with nineteen vaccine suppliers after astrazeneca and pfizer biontech. Both set production problems mean they cannot supply the expect at numbers the eu has now wants the producers. they must deliver create vaccine supplies. There are fears that reductions scoot seriously. Slow down the vaccine. Rollout in the union gwendolyn peel. Who used to be the financial times correspondent in berlin gave us. He's view on this arguments. Sent the eu has got. I think a real political problem. They have clearly been slower in ordering in advance enough vaccines to get that population vaccinated in good time. They're way behind both the us and the uk who spent about seven times more up front than the e you did. And i think the truth is that the uk and the us showed they were prepared to cut corners and the eu has been terribly bureaucratic about the whole thing. So that's one of the problems they've got to deal with and it's ironic. Because of course. The very first vaccine was developed developed in germany and being exploited in the us. But we are talking about in manufacturing terms a huge operation to get the sheer quantity of stuff produced. And i think that's what we're seeing now. We're seeing that the actress producing these vaccines a really struggling to manage the
China Still Grew and Fueled Its Rise as Covid-19 Shook the Global Economy
"China's economy grew at the slowest pace in more than four decades last year, according to official figures. That's the bad news for Chinese policymakers, but while in the rest of the world Covert 19 shutdowns have led to millions of job losses. Business is closing down and slumping consumer demand. China's economy is on course to be the only major one to have expanded. In 2020 Thomas Hale is with the financial Times in Hong Kong. I think the fact that China is now growing at a faster quarterly rate than in any period in 2019 before any of this crisis began, is really quite a striking figure it it is, of course, true that the historic contraction of the star of last year when when China was plunged into lockdown ahead of any other country in the world, has had a major impact on The annual figure. But I think that the speed with which China has recovered is really emphasized by the fourth quarter 6.5% growth we saw today. Should we be somewhat circumspect about this economic data or not? Is a perennial question that comes up with Chinese data. Really? As with any national data, national economic data, there are reasons to be, you know, hesitate slightly on how much exactly they could tell you about the economy, but I think There are many other indicators on the ground in China that do reflect a country and an economy that is performing very differently to the world's other biggest economies.
UK to impose tougher restrictions on millions of people as Covid cases soar
"The last day of the year and really britain has been dominated by just two stories for the entire year so as we look back at twenty twenty world it's just covert and brexit. Isn't i'm afraid. Yes i mean. It's interesting just thinking back to the this time last year where we would just about vaguely have heard about this. A strange illness somewhere in china but we would probably had still been talking about brexit. So yes those two stories have come to dominate and particularly the news headlines on the last day of the year they have sort of the interesting thing is looking at how the papers tackled us. And the varying degrees of optimism or pessimism. You've just been hearing some sort of a bit of optimism and some papers are going very pessimistic. Some furry optimistic spe daily mail which has done is to giant leaps to freedom which is referring to the vaccine and the signature of the the brexit trade. Deal but let's look at say the times for instance so their headline talks about freedom by easter boris johnson promises and not is talking about the approval of the oxford astrazeneca vaccine. And saying that this according to the times could mean that in a by east by the beginning of april lots of people within the uk will have been vaccinated and talking about also the interesting shift in strategy. So that they're saying they're going to be now giving as many people as possible The first vaccination and delaying the second dose of that vaccination because of new research on how effectively these vaccines were and when it's best to give people the vaccination so that's generally slightly more optimistic view although he he's saying by eastern so is the ties with the time. Has its own interactive tool. When will i get the covid vaccine and you can put in various things like age and health history. When i did it. I'm not going to be vaccinated until late summer. I mean so. How is it going to be over by. I think i suppose the idea. Is that enough. People will be vaccinated and in the hope that the cases will have declined by then enough for these restrictions to be lifted. An awful life to get sort of back to normal but let's bear in mind. Let's take this with a pinch of salt in a. We were told that by boris johnson. That it would all be over in in twelve weeks that it would be over by the summer that it will be over by christmas and now it will be by eastern. So this thing does keep shifting back and bax tehran's suggesting i used to just prime ministers less than truthful. Vote for me to say that he he says slightly different things going to whatever people speaking to him though. I think that's ready. Obviously obviously wants to be optimistic but this has not been a year when as been easy. So i mean if we don't see the financial times so you know they have a much more grim images this and then they are not making this up. They're taking quotes from jonathan. Tam he's england's chief. Deputy medical deputy chief medical officer who is a of with quite turn of phrase often an interesting way with metaphors and see the he has said that the uk is in a very dangerous situation in its battle against coronavirus facing grim and depressing picture of rising infections and deaths and pointing out that Fifty thousand new cases have been recorded yesterday and nine hundred eighty. One kuroda virus related deaths. But again saying that there. Is this optimism about the vaccine but again questions about quite how many doses you can get an how quickly So the hoping that there will be millions of Oxford vaccine doses available next month in the vaccination program will be able to speed up but also pointing out that at the same time You know millions of people in the uk will wake up today in a higher tier restrictions than they were yesterday and starting the new year. That's an old say The schools will be going back As had been expected in the beginning picking of next week and this is also a story. that's The guardian is picking up talking about schools. Chaos and the daily telegraph saying is a race to roll out this vaccine in order to avoid a third to national lockdown. So there you know they are. Johnson says there's light at the end of the tunnel. The tunnel has been shortened. And we're moving faster through. Its pick one of those You know we are. We are not through
After Jack Ma, Is China Freezing Its Entire Tech Sector?
"So what did we miss. Well over the break. The whole chinese communist party versus jack. Ma thing got even more interesting. China's market regulator suddenly announced an antitrust investigation into alibaba for alleged monopolistic practices. Yes this sort of thing can happen in china to. I guess because as far as we know. This is the first investigation of its kind in china's internet sector ever coating the financial times the market regulator said it was investigating suspected monopolistic practices including alibaba's tactic of forcing merchants to sell exclusively on its platform a practice known as pick one of two in china among other issues. The brief statement from china's state administration of market regulation said the investigation into alibaba had been opened. Recently after complaints ali. baba's hong kong listed shares fell more than eight percent in early trading. Alibaba said it quote will actively cooperate with the regulators on the investigation and quote and that its business operations remained normal. This is china's first antitrust investigation into a chinese internet company for abusing its market dominance said scott you and antitrust expert at jong loon large firm quote. In a worst case scenario alibaba could be fined up to ten percent of its previous years sales and quote lawyers said the initiation of a former investigation met the government already had some evidence to support its case regulators quote definitely have evidence but it is hard to say whether they will ultimately decide this constitutes monopolistic behavior and its punishment said you jin wa at shanghai deboned law offices and quote so this story continues to fascinate me because for years the communist party has allowed big tech companies to flower in china to show that china could match the west for innovative disruptive capitalism albeit with the special chinese communist party spin on exactly what that entails implicitly. I suppose it has always entailed the communist party. Always having the final say on what exactly disruptive capitalism entails and it's interesting to see them very openly pulling the reins on jack ma one of the earliest and highest profile of the entrepreneurial success stories in tech china alibaba was founded all the way back in nineteen ninety nine. It was china's most valuable company for a long time though. Suddenly no more alibaba's seen almost all of this year's stock gains erased over the past few weeks wants the hammer began to come down on. Ma it all began with the canceled. Ipo of ant group. The finance of alibaba. Also run by jack ma and this morning even more. China's central bank has announced. That aunt must overhaul its lending insurance and wealth management businesses and come up with a timetable to do so toot sweet quoting bloomberg. These central banks summoned aunt executives over the weekend and told them to rectify the company's lending insurance and wealth management services. The people's bank of china said and statement sunday while it stopped short of directly asking for a break-up of the company the central bank stressed that aunt needed to quote understand the necessity of its business and quote and come up with a timetable as soon as possible. The series of edicts represent a serious threat to the expansion of mas online finance empire which has grown rapidly from a pay pal like operation into a full suite of services over the past seventeen years before regulators intervened aunt was poised for a public listing. That would have valued at more than three hundred billion dollars with existing backers including carlyle and silverlake. The hung based firm now needs to move forward with setting up a separate financial holding company to ensure it has sufficient capital and protect personal private data. The central bank said authorities also blasted aunt for subpar corporate governance disdain towards regulatory requirements and engaging in regulatory arbitrage the central bank said aunt used its dominance to exclude rivals hurting the interest of its hundreds of millions of consumers and quote as dr trae. Who knows way more about china than i do. Said on twitter quote. I'm still perplexed why they decided to kill ant the day before its ipo. It seems like a genuine mystery to everyone whether this was crazy. Powerplay to show they can put the brakes on something as large as that with the of a finger. Or if they like just didn't really look at andt closely until i day and quote but it's not just about jack ma though. Isn't it quoting bloomberg alibaba. Group holding led a second day of frenetic selling among china's largest tech firms driven by fears that antitrust scrutiny will spread beyond jack ma internet empire and engulfed the country's most powerful corporations alibaba and its three largest rivals. Tencent food delivery giant matron and jd dot com. Have shed nearly two hundred billion dollars over two sessions since when regulators revealed an investigation into alleged monopolistic practices. Atma's sickness or company. That marked the formal start of the communist. Party's crackdown not just on alibaba. But also potentially the wider increasingly influential texts fear and quote
A possible life raft for small businesses selling online
"Episodes every wednesday. Small businesses are being thrown into the e commerce deep end. One company is offering a possible life raft from american public media. This is marketplace tech. I'm molly would for many small businesses. The pandemic driven abrupt shift to selling on the internet is a huge change. Plenty of brick and mortar store. Owners were selling in person only using everything from spreadsheets to paper and pencil to keep track of it all so companies are increasingly offering new tools to help brick and mortar stores manage their inventory and figure out which online platforms are best for them into. It launched something called quickbooks commerce earlier this year to help companies sell everywhere alex chris as the vp of the small business group into it so the most basic is in person right so you can imagine a retail store or if you're at a farmers market and you wanna be able to just sell with people in front of you but then there's lots of online channels as well so you can through amazon. You can have your own website and then there's a lot of selling through social right now so you know all the stores or or sales that are happening through a facebook or instagram. All of those are happening and businesses want access to customers wherever their customers are shopping. And does this product specifically integrate with those like all of a sudden. I have listed my products on instagram shop by an amazon. And i can see how they're doing across all those channels that's right that's the beauty of it is once you are set up in one channel. We are the source of truth for your orders inventory. Got it so so really. What you're saying is that previously small businesses were using quickbooks doing their thing maintaining and didn't necessarily want to explore all these other options or feel like they had to. I don't think they had to. I think they were working well. The economy was going well. And now when all of a sudden you know the world throws a curve ball They figure out how to pivot and persevere and what we're seeing now is a lot of small businesses saying okay. I was fine before. But now i can't have people showing up to my store to buy goods so i'm going to figure out how to sell online. You know here to help. Small businesses think through that and allow them to be able to survive. What about the data on the back end is like are you discovering internally what channels are the most effective we have not only the orders that are now coming in so the revenue that a small businesses making but we have all their expense information as well. Because that's what they've been using quick books to reconcile so now they can start to think about as they're leveraging different channels a social channel. They can now see the efficacy of the of that marketing. Spend and so for the first time they can really see our ally on where they wanna go leverage. Are they finding such great customer acquisition through instagram. That that's where they really wanna go double down there just getting those insights into making them smarter to be able to grow their business. You know we seem to be at this moment where there is actually a burgeoning industry in aggregating small businesses. I wonder if you're going to find that. Ecosystems develop that like facebook says you can't have access to our tools for selling because we're building our own competing product right now. It's certainly a concern on the concept of a walled garden is great for the platform. But it doesn't give the small business access to customers. And so we're that mench pin and the source of truth that can now connects to all the different opening systems. Alex chris is vp of the small business group at intuit and now for some related links. Yesterday we talked a bit about how shop affi- is winning at e. Commerce with growth comes problems. The financial times has a piece this week. That says as many as twenty percent of the shops on shop if i could be a risk to consumers in some way either their total frauds or they're selling counterfeit goods or they're sketchy in some other way. That's all according to a service called faked spot which authenticates e commerce outlets shop told the f. t. that this is a quote industry-wide problem if internet then fraud still consultants said shop affi- suffering from the good work done at ebay amazon and other platforms to try to stamp out counterfeits ehlers and fraudulent stores as in their all migrating to shop affi- until the platform figures it out if internet than buyer. Beware
What's going on with the AstraZeneca vaccine?
"Everyone is continuing to scrutinize the oxford astrazeneca vaccine which just me awakes ago. Felt like how best chance at a vaccine for card and it's it's come up with results as we talked about last week. That looks really promising. And then on closer inspection. They looked a bit. We'd there was a thing where a small group of people in the vaccine trial received a half toys and they had better results. But then now there's questions about whether they would give him a half dose by accident. How do we make sense of what's happening with this vaccine trial. It's actually really hard. So we we signalled all this. I think last tuesday on corona cash. So it was quite clear then. The they done something unacceptable which was tried to average two very different trials and one going to sixty two percent result effectiveness result of preventing covid nineteen disease. Which if it'd been the first vaccine to report cited pretty good because the registration level is fifty percent effectiveness but came after a visor moderna with well over ninety percent effectiveness. And then how. They got their average of seventy percent. Sh- really sounds like confection. Which is that the got in another smaller trial. A result in people who have does food or following had got ninety percent effectiveness. And all this goes back to pharmaceutical companies making scientific announcements by press release. We could talk about this til kingdom come. There are rumors circulating this confirmation but apparently they're rushing to publish this and that there's a report of the financial times they will publish this in the lancet thursday so thursday of this week british time. We should know a bit more about this trial and remember. This is a vaccine. The promise not to make profit side of that is cheap. And they've committed to giving very large doses. i think something enormous like a third of the world's doses of vaccines are relying on astra any so. This is a lot riding on this vaccine. So six effectiveness is better than nothing but hard to justify spending money on if you other vaccines around that are ninety percent but if there's nothing else around than what do you do so they may have to repeat the trial With a half does fall by food if you remember. There is rationale for that. Which is that. The chimpanzee virus that takes genetic material into the cell in theory generate an immune response in other words you immunize to the chimpanzee virus so the second vaccine does that you get the bodies kind of immune to actually the carrier for the vaccine so it doesn't prove to be effective the russians get round this by giving you two different carrier vaccines first. One is a different carrier. Virus from the second vaccine doors has a different carrier virus. Antibodies to the first one won't affect the second one but the the reason they chose. The chimpanzee virus was in the theory. That the human being wouldn't generate an immune response to a chimpanzee vars. It would be kind of invisible which is maybe wishful thinking about. They have studied this chimpanzee adenoviruses before so really we can talk about it. A lot on corona cast but will know hopefully the end of the week an awful lot more than we know now. But i suspect they're going to have to go back to the drawing boards and try a half those trial just to see whether or not they can get a ninety percent efficacy so we have some questions from the audience about this. But i've got some questions for you. I do these sorts of things. The maybe the deicing mix apple the on shore uncertain results so these happening or clinical trials. But the difference. This time is that the public is watching it. Play out in real time or is there a chance that these frantic competitive pace of trying to get a vaccine out is may be causing companies to have to make errors and so then what does this mean for our ability to trust a vaccine once. It comes on the market all good questions. Teagan the reason you've got this problem is almost certainly rushing and missing out of what's called a phase two trial so normally you've got three phases of trials phase. One which is looking at safety tends to be small and a few hundred people then you would normally go to face to face to trial is a dose. Finding study which is the most effective does of vaccine or drug. That's going to get you your effect. That's in a larger number of people and you. You test the dozing now. What you've missed out here in all. These trials is a proper phase to study so they've rushed headlong into a phase three study with a guesstimate as to what the doors is. Now i think from memory. There was an element of doors finding in the face. Three study in the may. Well it'd in them does finding all the vaccine trials testing the site. Which is why you've got the half does or could be a mistake. We'll find out but it could be that we got the doors wrong. And if you remember rightly right at the beginning of this whole process we said nine out of ten vaccines fail and we haven't had nine ten vaccines fail so far we've had them all surviving this process. It's just that the astro vaccine was disappointing with a to those regiment. Michael's asking about the payoff. Side of things star. He's pointed out that pfizer medina have both sort of said that they vaccines are about ninety five ninety nine hundred percent effective but they've been very selective about releasing details of their methodology and is querying why they haven't been subject to similar criticism as oxford astrazeneca. I hope decisions are not being based on who has the best. Pr so the answer to that is we. Don't know until they publish the results. But certainly pfizer. Moderna were fairly straightforward. And what they said it wasn't transparent at all they just don't trust that to one thousand nine hundred. Ninety five percent effectiveness astro if you like was a bit more transparent although there were a bit silly and averaging the two trials so you could see. There was part of the study which showed sixty two percent. Genetic study showed ninety percent now if that happened with pfizer madera. Different does is. We don't know that all we know is that the does they've published. They got really good results but the regulators will see those findings. It's there's no. There's no benefit to pharmaceutical companies of lying to regulators like the food and drug administration. Because the will be called out. The penalty is a huge in terms of reputational damage and in the financial damage. So go to get this sorted out. And they've got to be honest with the public but this is the problem with a press. Release you just. Don't get a chance to scrutinize the data.
Apple reportedly steps up effort to build Google search alternative
"Financial times ran a piece saying that apple is working on an alternative to Google search an interesting story. It's an interesting idea. According to the paper apple is stepping up efforts to develop its own search technology as us anti-trust authorities threatened multibillion dollar payments multibillion dollar payments. Google makes secure prime placement of its engine on the iphone already. There's so much about this story that's fascinating to me. It looks like first of all apple. Search engine is already running. Although it's not really a search engine exactly. The financial times says when people type in request for info from the home screen in iowa. Fourteen apple has started showing its own search results looking directly to websites rather than going through a third party in iowa. Fourteen today view. The report says the operating system shows apple generated list of search suggestions rather than the google results these results include auto compete style. Excuse me auto. Complete style. suggestions generated by apple showing that it is learning from its one billion users common queries. Okay see i kinda just want to read the whole story to you and then go back. Point-by-point it's the financial times. Why don't we start there. It's the financial times so of course. They're concentrating on the money. Part of it as if apple just started doing this yesterday. They keep saying that the doj is suing. Google for anticompetitive behavior at the center of that suit or near. The center of that suit is the fact that google pay somewhere between nine billion then twelve billion dollars a year to be the default search engine in safari. Everybody says for iphone. But it's for safari right. The doj in the past few weeks at right were suing. And i know we've known that that was coming for a while. But it's not like falcons can suddenly turn on a search engine from nothing. of course they haven't turned it on nothing Two and a half years ago. The got john john andrea. I'm sure i'm pronouncing that wrong He was the head of google search supposedly. They said it was to Increase their artificial intelligence capabilities and siri virtual assistant but he also brought eight years of experience. Running the world's most popular search engine the financial times. Points out. I mean sorry. It doesn't mean that apple is in creating an alternative to google i. I'm going to go ahead and keep reading. And then we'll i should have read the whole thing right. Experts financial times talked to Some of whom used to work for google. Say it wouldn't cost that much for apple to do this. And that apple has hired the talent to do it. That apple could do it because you can't just go in license somebody else's search technology if you're going to be an alternative google. I did not know until. I was reading the financial times story here and this could explain. Why dot go. I love duck duck. Go doug goes. Was privacy focused search engine and you can go there instead of google and you can type in your queries. And they're not being tracked and that's great They rely on being. It turns out their licensing beings technology. Now still your information as dang between you and duck duck go. It's not going anywhere. It's anonymous all that stuff. It explains why duct that goes results. Aren't necessarily as good as you might want. Duck tuck duck goes results to be apple. Can't just skin being. They can't just skin duck. Oh right they have to come up with something better if they're going to compete with google but not everybody thinks they're going to compete with google. Dan wong associate professor of business at columbia business. School said it would be extremely difficult for apple to ever catch up. Go-goes advantage comes from scale. He said and the endless user feedback helps to tune results and identify areas of improvement. Google gets hundreds of millions of queries every minute from users all over the world. That's an enormous advantage when it comes to data surprising. No one apple declined to comment for the financial times all right. There's so much about this. That's interesting and also i think kinda wrong in what. The financial times is arguing first of all. They're saying that apple is doing this because they're worried about losing the twelve billion dollars nine to twelve billion dollars that up. A apple gets every year from google for being the default search engine. I use siri as often as i can. I know people who don't use siri at all. Google still spending nine billion dollars even if he does get better. Google spending nine billion dollars for apple would not be a waste of money because there are lots of people who are always going to google it. They're not going to ask siri for whatever reason. I know that. When i'm out of the store i don't ask siri because i don't like to talk in public. I don't like to you know. Spread my business around. If i'm worried about a search engine tracking me. I'm certainly going to worry about you. Know saying out loud the grocery store or well. That's the only place. I go now saying out loud to the grocery store what i'm searching for. Nobody else needs to know that. At that point i will start typing stuff in at that point. Is it google that i'm going to. I have set my default search engine to duck duck go and that is another thing that this whole of this seems to sort of ignore. I mean the fact that we do have choices at this point. And i would imagine that somebody at least at apple will go ahead and argue. That what google is playing for is placement because people are lazy or people like google or don't realize they change it even though apple has made it clear that yes you can. Google earth could still pay nine billion dollars a year and not lose their money even if apple gets better at what. It's doing now as far as apple trying to build a search engine. That's going to replace google. I don't think so. I don't think apple is trying to replace a bill. The search engine that everybody is going to go to. Because i don't think apple wants that kind of headache. I think all of this stuff about siri better and about apple's being better. I think all of that is true. I think what apple would like is instead of going to any search engine you pick up your you ask a question you get your answer not kicking over to the. Here's what i found on the web. Not thinking oh. I need to go to google or i need to go to ulta vista wherever it is. I need to go to look up stuff. I need to ask jeeves by. Golly i think that's the part of this whole thing. That actually excites me. The most the idea that my virtual assistant could become more of an assistant unless a virtual thing that it could become a a source that i turned to to ask questions and get answers
Boris Johnson says Britain needs its own Green New Deal
"Boris johnson has always been keen to burn it his green credentials and put tackling climate. Change at the front of his government's. Agenda is done so again this week setting out a long-awaited plan to make the uk a world leader in green technology as with most government announcements. However that will plenty of spending commitments already made being re announced but the most auden criticism came from the tories who said it goes against. The party's new electoral base and could cost them votes but business secretary. Alex chama rejected this notion. This is about leveling up across our country. We're talking about twelve billion pounds and he has around. Four billion pounds of this is new money. Other money is money that's been pledged previously on deed lost budget in in in march Book very importantly This billion pounds will help to bring in three times as much in terms of private sector money and supporting create two hundred and fifty thousand jobs but the have been some critics of this plan arguing that it really doesn't go far enough. The shuttle business sexually. Ed milliband made this point. There is an urgency. That isn't enough ambition. That isn't a real plan. He's got to do better in all of our interests that he does better. We will keep pushing the government on ambition on jobs on appropriate plan to rise to the scale of the climate emergency. We face chimp. Let's begin with this. Ten point plan of boys. Johnson set out in article in the financial times. In fact what did you make of it and how much of it was new money and new policy okay so this was a very long awaited announcement. They were meant to originally Back in the summer and it slipped because of pressures on number ten prime minister announced twelve billion pounds states investment program when you went through the numbers at ten about three billion pounds this new at included five hundred million hydrogen one billion pounds insulation three hundred million pounds for nuclear industry. I think what was interesting even if the money was pretty small. Change when you compare it said of the countries like franz chemmy refute these comparisons jeremy kuban late manifesto prince lansing which lici tuten sums of hundreds of billions of pounds of buried money. Guns was agreement. Deo i think it's still a political moment because as always this tension between people saying let's go green other Saying it will damage economy People in cost known areas concerned type. Slutty jim republic who worry about paying extra tax also green initiatives ambrose johnson especially saying worry we can. Tiny's these things together. We make sure. Green economic growth happens in some of the left behind redwood areas and talking about place humble months for over northeast. police o'clock. It's wonderful to have you on the podcast. What were your thoughts. When you saw this announcement here because johnson has talked a lot about green policy arisons locked summer but it fuses if that rhetoric has increase as jim said that is new money on some new policies to go with it to there is a but by i know about this was a. It's brilliant. Hear a british conservative prime minister coming up with a plan like this. Because although we've had david cameron promising the government ever and then we had theresa may actually legislating for a net zero twenty fifty which was very pioneering for a country the size of britain at the time. The thing is. We really haven't seen a prime minister set out in a speech or in a plan like this thing as visionary really and it is a great vision. Unfortunately it's really not matched by detailed plans and considering that a large chunk of it is dependent on trying to mobilize private investor capital. I'm just concerned that it's really not going to make. Investors are not going to invest unless they see the detailed policy until they know what the shape of any sort of regulatory framework has got to look like really not going to get people plowing in at the rate needed to fulfill this and when it comes to actually meeting that net zero goal twenty fifty. It's really not on track to do that. Unfortunately the classic example about chocolate changing which is provided uncertainty from best is if you look at one of the atoms. Boris johnson announcement which was carbon capture storage. Which is basically succour Boats on you bury it. The browns the tools boom cameron government promised been impounds towards that twenty fifteen a group of plug on that money or johnston's done this year's he promised eight hundred pounds in the spring budget yet. Another challenge main pounds this week. Hey presto Where we were five years ago with basically almost leg progress on cca. Yeah that's exactly. It had this sort of crisis. Feel about it really. Is you know god. We've got to do something on climate. Okay what do we do on electric cars. Oh i know will bring the target ford. That's actually relatively easy to do. It's important but unless it's matched by holocene setting out how people are going to be able to buy more electric cars and how the rollout of the charging infrastructure is going to work. You know it's really difficult to see how it works. I expected a guest to say something a little more meditative parts of this plan on you when it comes to the targets for making sure that new homes not built with natural gas boilers in them. For example you know that's really quite important. And of course at target itself has been brought forward slightly from twenty five to twenty twenty three at same these support for hydrogen also important but again. You look at what germany's doing in its recovery plan. It's got around. Forty forty billion set aside for electric cars renewable energy and so forth and france around thirty billion euros set aside nine billion of that is for hydrogen renewables alone so compared to that. The u k plan does look a little small were jim. This is one thing critics of picked up on the plan. Even who is labour's shadow. Business secretary has said it doesn't remotely meet the scale of what is needed. I think greenpeace charity have said similar things to all those criticisms fad. You because when it comes to government spending you can always make the case you should be spending more doing more radical things and as please note. This is a conservative government. This is not natural territory. Full them yet. But i think the first point to make our show on the business sexually set on the radio. This is a down payment but that will be more. Fiscal events is quite possible than the spending review. The we see next week that could be more money for example nuclear. They could say they're gonna stop negotiation sizewell c Pass station which would of course involve more money. And i think as well now. He's talking about how these provides whole sums compared to labor government beginning right now the thing to remember Tackle climate change isn't just about state. Money is also about regulation so of course the bundle twenty fifty borrowing in new pets from these laws as an example of wet government does not have to spend the money it can regulate and things happen and so many of these decisions of stems from theresa. May's decision donning moments of her administration commit twenty-fifty net zero target. Only kind of off the thought. She the mohanchris coop suasion joyfulness. She bandied about it even now known. Would think theresa may is great green ahead and yet she took this decision from which all sorts of future decisions have the stem. But i think to remember names of bishops is very seats. Promotional world where Christie is coming from fossil fuels. Were kind of on talking for. I think you have to remember that. The british energy system like any other system But also transport system unfairly household energy or freeways needs to be decarbonised. And i remember whether we're on track to do that. Speed that needs to
"financial times" Discussed on Liberty Talk FM
"It tells the Financial times his company will not be able to apply for emerges to use the authorization with the FDA until late November at the earliest, and that approval for widespread public distribution is unlikely until next spring Boxes. Jonathan Serrie Amazon says Nearly 20,000 of its workers have tested positive or presumed positive for the virus, but the company says the infection rate of its employees Is well below that of the general population of the US when it's compared its infection rate to data from Johns Hopkins University, and it says it's conducting thousands of test today. This is House Speaker Nancy Pelosi says there will be no deal tonight between House Democrats in the White House and a new round of Corona virus will leave. She and Treasury Secretary Steve Mnuchin spoke by phone several times today. President Trump, sounding off on proposed changes to the upcoming debates, the president tweeting Why would I allow the debate commission to change the rules for the 2nd and 3rd debates when I easily one last time? The tweet coming in the wake of news that the commission on presidential debates is considering format changes for the remaining debates after Tuesday night's chaotic face off, in which President Trump repeatedly disregarded the rules? In a statement, the commission saying the debate made clear that additional structure should be added to the format of the remaining debates to ensure a more orderly discussion of the issues at the White House. John Decker Fox News America is listening to Fox News. Some adjusting. You pay your car insurance premium like clockwork. Month after month, year after year. Then one night, you hydroplane into a ditch. Surprised your insurance company tells you to pay up again. Why pay for insurance if you have to pay even more for using it. If you have Liberty Mutual deductible fund, you could pay no deductible. It all sign up to immediately lower your deductible by $100 and keep flooring in $100 annually until it's gone. Then continue to.
"financial times" Discussed on KOMO
"Financial Times first year Cougars football coach Nick Rolovich still hasn't held an in person practice with these players he was real time to concentrate on getting to know who our guys are and let them figure out who we are as people and you know I think it's been productive I'm just excited to get on the field when we came meantime WSU president Kirk Schulz planning to hold classes at the Pullman campus this fall university of Washington athletic director Jennifer Cohen will outline worst and best case financial scenarios at this week's U. dub regents meeting and starting Saturday the state of Arizona will allow pro sports leagues to resume practices and play games once they're ready sports updates at ten forty after the hour bill Schwartz come on news after years of struggle and success Seattle's bike sharing program may be finished here's come about Markovic in a storage lot in west Seattle hundreds of jump bikes sit idle taken off city streets after uber jumps parent company invested in hand over control of its bikes to align its former competitor now doesn't exist suddenly kind without warning after nearly four years of yellow verses read verses green versus orange some irritated with so many bikes clogging the sidewalks cell right now has no bike shares but only temporary says Lyme it takes a little bit of time to integrate jumps hardware into our systems and that's why we don't see any bikes on the street right now one pulled its green bikes last year when a rider started preferring the red jump bikes the Reds will return says Lyme but with the caviar the city Seattle does not have to spend a dollar to make bikeshare work as long as bank shares pared researcher scooter share is where the money is world wide lime says for bikes to work in Seattle it must allow for scooters in less they're paired it's.
"financial times" Discussed on KSFO-AM
"Of the study's findings were inconclusive now Financial Times reported that around does a very did not improve covert nineteen patients conditions or reduce the viruses present in the blood stream in a clinical trial in China Hannah Cutler is it with the Financial Times and she explained that the reports so this is interesting because it was actually accidentally published by the World Health Organization on that clinical trials database online and it was a summary of the results of the trial which was that it didn't have any effect on the patients and it didn't happen to act on that condition or on that but I will let that's been confirmed that that was true by the World Health Organization by Kelly yeah but the question is really all what is the details let it down from the trial tell us intensive maybe there was some subset of patients that did benefit and also you know is there any more information and they will give us when they finally published on the pay review but there was one thing that's been thrown around town since this came out that to to down play perhaps whether we should be extrapolating too much from this trial which was that that one enough people in Israel that there were no control functions can you tell us more about that and I'm I'm whether we should be discounting and I think it's all from this she was a control arm and the study and in fact this was the first randomized control trial for the drug which is why people watching for it one thing to bear in mind is that it didn't actually finish one of the difficulties of during trials in these situations is that if they do do they started this trial in China when I actually that was a lot of corona virus patients at all too many coronavirus patients now so they didn't actually finish enrolling at so that's worth bearing in mind one study is always one study there are huge studies going on by the WHO's by the national institutes of health in the U. S. looking around as a bad because there is a lot of time for it and that's also many many studies looking at some of the other drugs that could help courtesy of CNBC U. S. health officials say producing a vaccine that will take at least twelve to eighteen months of course that makes the race to find a treatment crucial meanwhile the center for disease control and prevention is recommending that the operators of a South Dakota meat packing plant where hundreds of workers it contacted Doug contracted covert nineteen implement strict social distancing and find ways to overcome language barriers the CDC releasing a memo Thursday that specifically addresses the situation at Smithfield foods in Sioux falls but that also may give an indication of the broader recommendations the agency is working on for meat processing plants nationwide as more continue to get hit here is South Dakota governor Christie gnome explaining the process.
"financial times" Discussed on KQED Radio
"Is the U. S. editor at large at the Financial Times thanks for joining us thank you you're listening to the weekly broadcasts of world affairs is produced in partnership with T. two D. I'm Philip young we just heard from Gillian Tett she's the U. S. editor at large at the Financial Times now we examine with David rode with the deep state is real and how that fear has shaped the trump administration's response to covert nineteen back to Marcus clock it's since the beginning of his presidency Donald Trump and his supporters have blamed rogue elements in the FBI the CIA and the state department for undermining his policy agenda and credibility I think it was a disgraceful that the intelligence agencies allowed any information that turned out to be so false and fake from the Ukraine scandal to the impeachment trial and now more recently to his handling of the outbreak of cove in nineteen over the past few weeks our fellow citizens have learned a lot about the so called experts they claim there is a deep state a clandestine network of individual career civil servants who are running the country from behind closed doors but does this deep state really exist and that skepticism of government experts slow president trump's response to the coronavirus David road is a two time Pulitzer Prize winning journalist his new book is in deep the FBI the CIA and the truth about America's deep state.
"financial times" Discussed on Progressive Talk 1350 AM
"Financial Times a different customer within the Palestinian territories enters their address and select Israel is the country they can get free shipping through the same promotion Massachusetts police are investigating a recent graffiti spree that left the historic landmark Plymouth rock vandalized the rock commemorates the sixteen twenty arrival of the Mayflower carrying pilgrims to North America Plymouth town manager Melissa read she said they're saddened and sickened by the recent vandalism February is American heart month a time dedicated to raising awareness of heart disease the nation's leading cause of death more from a lease is the doctor Rita Koran with Michigan's Beaumont hospital says the racing midsection obesity by cutting back on carbs and sweets will go a long way toward maintaining a healthy heart so that we stay as far away from pre diabetes and diabetes is possible because out of all the risk factors for heart disease diabetes I believe is most challenging as the one that's most aggressive Dr Doron says it's important for us to know our numbers and know our health risks the best way to do this she says is to see the doctor for regular check ups leases the NBC news radio a Florida man seems to have an odd way of showing love for his wife for valentines day fear as Jim coach he named a great white shark after his wife Colleen Kochi first spotted the shark on a dive last week off Palm Beach county and after he was notified by researchers that the shark didn't have a name he was allowed to name it coach he wrote on Facebook that he named the shark after his loving wife because she's his best friend and greatest dive buddy ever Brian shook and be seen news radio.
"financial times" Discussed on Digiday Podcast
"Onto the upset. The financial times has long chart readers for access to its content. This was a full novel concept. It is not novel any longer as many publishers, pivoting debate the F T is farther along in this journey it recently reached one million subscribers. I'm Brian Lorcy, and this is the digital podcast on this week's episode. I visit John on the very day, the F T moved back to its historic headquarters in London. And we discussed the F T journey to this one million subscribers. What is in the cards for the media industry, overall and his pivot paid, and much more? Jodoin welcome to the podcast. It's good to be here. This is a special day. It's a very special the other than being on the digital podcast. That just makes it any of that more special, especially this is my first day in Brechin house, which is the new old F T headquarters in. It's indeed where I started my career with financial times that he won thirty two years ago. So it's a very moving move back right t was here for a while. It moved. My geography's all messed up. It was hip decades. And then we moved south across the river in one thousand nine and around that time with the industry started moving south as well. So phase of huge disruption in turmoil. From then on, so it's great to be back. It's great to be back in strong shape and I think everybody's feeding really excited about this, this move in this building. And of course it coincides with us just reaching one millionth paid subscriber. So let's talk about that. I mean, we could talk about the building all day. But let's talk about the million paid subscribers. Big milestone, obviously million is a big number it for, for those who don't know explain the sort of journey. I mean how how big of a leap was this? It's huge and basically, it's beat the north stone for the organization for three or four years. We felt that if we said a big, bold embassies goal around a subscription of paid-for journalism model that would bring hold owners together. But also give us a sustainable. Business and financial base. When we left this building thirty odd years ago, all of our revenues from advertising circulation was imprint to come back now today with three quarters of our revenues and digital and most of our revenues from journalism, the heart and core of business shows the scale of transformation we've been through. So it's, it's a pretty big number in many sensitive, see not just a million. It's what it means in terms of the transformation of the organization enough, focus on journalism, and revenues from that as the central driver of the financial times. Okay. So in the past year, how many are we talking about adding? So we've been adding double digit levels for the past three or four years. So we've been adding.
"financial times" Discussed on KCBS All News
"KCBS super micro Intel money desk. Susan upstart for the stock market today. Got a lot of pressure coming from Boeing and General Electric doubt robbing hundred twenty points to twenty six thousand three hundred four NASDAQ falling twenty four points to seventy nine fourteen as down seven points at twenty eight eighty six Boeing getting stung with a ratings downgrade from Bank of America, Merrill, Lynch on the belief that the max eight is going to be a bigger problem for the playmaker than the market currently expects a keyboard? Analysts note also says Boeing seven thirty-seven production is going to disrupt specialty metal companies with heavy exposure to the commercial aerospace supply chain General Electric stock. Getting hammered effort J P Morgan analyst, downgraded the company to an underweight rating saying the market is generally underestimating how bad it is for GE while putting too much stock in small positives for the firm, and as a result shares GE or currently down by over six percent while Boeing is down by about four percent. If Wells Fargo's biggest shareholder has his way the company's next CEO will not come from all street or buffet tells the financial times that the San Francisco banks next CEO should not come from J P Morgan or Goldman Sachs because they are automatically going to draw. The irony of a significant percentage of the Senate and US house of representatives. And that's just not smart. Tim Sloan retired last month after being tasked with repairing the banks image after several customer related scandals including employs opening millions of fake accounts and customer. In order to score. Bonuses, Wells Fargo stop lawyer. Alan Parker is the interim CEO while the board searches for a permanent replacement shares and Wells Fargo moving higher by about a half percent on the money. Watch. Jason Brooks KCBS KCBS news time, seven twenty five. Sponsored by DIGI dot com. Searching for a new or used car be happy and visit DIGI dot com. Standby for traffic news coming up next. The name alien ant farm. Remember alien ant farm while we may not have heard from them recently. They're still rocking today to sold over five million albums, the name came more or less from daydream. The original guitars was thinking about the human race in pondering whether or not we will plan to your by liens giving an atmosphere in which we could survive, and we're being watched like a child watches an ant farm with that concept, the name alien ant farm was born. Three golden diplo featuring Swaley close to me. Elsie without me. Day seven rings. Thanks. And now a page from the diary of Flo. Dear diary, I got the brush off again. I don't get it. Is there something wrong with the way I wave? Elbow wrist. Elbow wrist by won't that little Basset hound acknowledge me. I'm friendly..
"financial times" Discussed on C-SPAN Radio
"Palladio, the financial times, and there's huge uncertainty at the moment over the fate of the Brexit negotiations. How much of a factor has this been for the fed and turning towards the kind of patient approach to monetary policy. And what's your base case on that? And the size of the balance sheet. What's your do? You have a numerical estimate for where the at the end of September. Once the run his complete. Of course, we're we're watching Brexit carefully. And and hoping that it can be resolved in an orderly way. From our standpoint, the part of it that we can control is that we've been involved with supervising. Our our financial institutions that are active either in the United Kingdom or the European Union or both to make sure that they're ready for the full range of possible outcomes to the Brexit so and in doing so we've also had also worked alongside regulators from the United Kingdom and the EU. So we do again hope that that can be resolved. Well, that we we know that our banks are well capitalized in resilient to different kinds of events in terms of the size of the balance sheet. The balance sheet will be of a size of approximately seventeen percent of GDP around the end of this year down from twenty five percent of GDP in at the end of two thousand fourteen so significantly smaller relative to GP GP than it was I'm guessing you you're looking for a dollar number though, probably and that would be so for the size of the balance sheet. It looks like it'll be a bit above three point five trillion. Ten..
"financial times" Discussed on FT Banking Weekly
"The financial times with me Patrick Jenkins. Joining me in the studio today is Nick McColl retail banking correspondent an all guest from market invoice chief executive, and they'll stuck where also joined Dan the line from New York by Laura Newnan, RUS banking editor and from devil's by our banking at it's David Crowe and Arash Masudi corporate finance editor and finally from Zurich with joined by Stephen Morris or European banking. Correspondent this week. We'll take a look at US Bank. And what the latest evidence is on that. And how it tracks results? A look at UBS results as they disappoint the market. A couldn't raise a full Davos twenty nineteen and finally that interview with Stocker from market invoice as it takes on some new equity investors. I o to the US Laura you read a very instinct piece of. About a growing gap between US CEO pay in the banking sector. I'm bat of staff, and it comes on the back of last week's news that the fifty million euro package of pay that was at standing to Andrea Rochelle, the outgoing investment Bank chief at UBS as he prepared to join a CEO of Sandton dare became a kind of poison chalice and actually prevented him from going Sunday got cold feet about that tell us what's going on in the market or Bank is losing all touch with reality. Well, you can just wanted very separate. She said issue of CEO pay let me at the very top in that would also under or tell while he was not achieve executive of Anqing group. He says neurons very high men on money to their started shooting. The issue. What happens to the masses of either working for the Bank? So the PT ran at that began was basically showing that across the six largest US bonds Irish paperwork, you're increasingly three percent and. All the two years buying Steve executives who have already nine in which their payment by last year. We saw an increase of seven percent for James squirm who is the Morgantown itchy executive on an increase of five cent for Jamie Dimon, who's JP Morgan cheap spaghetti. This is what those numbers into context at this point. James Gorman his package last year would have been twenty nine million dollars. And Jamie diamonds total last year would have been thirty one million dollars. And the thing about the practices for the chief executive's is a most of it is either in shares which are deferred costs, which is deferred or payments, which can ultimately be by. So those convict common news around their neck because the problem is if these binders leader jusens as a bud leader, which basically translates to name new joins a competitor. They can define a competitor in pretty lose terms. If they lead the Bank is a DOD lever overpaid of up to seven years, they could lose an awful lot of that. That's what unveil hotel fund when he tried to leave UBS doing Fanton there because he would have had to four. A lot of compensation on give back a lot of his ear UBS compensation and dare in order to make him HOA would strike a deal with UBS not enforce us or would have acted just by humanitarian give him fun. Dare shares to replace the UBS shares and this happened all the time done the ranks of Munich. You have imagined director moving from one Bank to another Bank. It's pretty standard than we'd be as author deferred. Comp thing is a deferred comp us you moans to millions maybe defies of millions. It doesn't usually run from the mandate actually affect the share capital the Bank. I think to be seeing publicly as well to be paying someone that AMAN to join looks for your ass. The other thing about the papers she'd executives it's automated linked to the performance author in she should in the years to come. So most of it is in stock in in stations was take several years divest. I can then be restricted for several further years. So someone like Jamie Dimon, he got a total package of thirty million dollars. If they were to be club in the share price of JT Morton Jason by the time is able to sell those shares that could be worth. Open less. That's not lucky top in the case of that bite. But we've seen him. We kind of reported on the packages pay to some Deutsche Bank executives over the years by the time..
"financial times" Discussed on Monocle 24: The Globalist
"And works with between six to nine hours, depending on how much energy he has. But you know, this is this is pretty impressive to start with. So, but then he has an app that makes his computer screen dog, which makes him take a break do push-ups and sit-ups or hang upside down will have to give up wearing gravity boots. So he uses an inversion table to have a sort of a Russia blood to the head when Zemes and that allows him to carry on writing everyday six to nine I was starting at four in the morning. So I'm obviously doing this all wrong. Never imagine doing this in my life. I'll tell you a really interesting Dan Brown fucked, which is that I was interviewing Holland Coburn. Who is the big big thriller writer in in the US sold millions of millions of books he done Brown and David foster Wallace who won the Pulitzer prize. Now, sadly, dead all share the same corridor university. Wow. When they go together in the Bose. Well, listen Intel and come with very very close. But bazaars that that the fee these three writers who actually have had such a big effect, particularly in American literature say I'm not going to be snow v. I'm very very quick look at what's happening in Germany. Yes. This is also this is interesting development. We are interested in who's going to be the next leader of the CD you possibly the next German Chancellor and for the first time they've had a public hustings. Whereas for the the three main royal's who have reading commits on a great Crump Kumba. And yet spawn have had a big public campaign events in Liebeck with seven hundred people turned up to see them, and they are all talking about how they would try to revive the CD give it a fresh start. And they were questioned about everything from plastics to China to Donald Trump, and is that it was a sort of coaches consensual tone. But according to the financial times here, the CD members that the journalists have spoken to you said they found that freak Mets came out on top. And he had according to this report, clipped delivery and rhetorical flair. So. The early hustings. They're going to have eight of these events between now and December when the party members will vote on then you lead but safer. He seemed to be the favorite of the of the Wall Street's Terry. Thank you very much. Indeed, that's toast yesterday. You're listening to the globalist. Now this week Cuba announced that thousands of that doctors in Brazil will be pulled from government program in response to criticisms made by president-elect J both neuro over their training, a new contract, two months. American affairs. Correspondent loosened Elliot this report from Sao Paulo Cuba's healthcare system has long been one of its most prized assets and its doctors a key expert Brazil, they've been an important part of shoring up the country's flagging healthcare sector in some of the most fall reaching poorest regions this continental size country. Estimates suggest that as many as sixty three million people have been attended to by keeping medical professionals since the Caribbean island began shipping doctors to Brazil in twenty thirteen back, then Brazil was on the verge of a chronic economic recession, which it continues to stumble out of and investment in healthcare long would the motive..
"financial times" Discussed on Recode Media with Peter Kafka
"Which in a world of major disruption i think we're entering a whole new phase of disruption in news media but having the ability to have that's a long term view and that same belief in quality independent journalism is frankly vital refreshing and very reassuring what has changed in indicate the answer cannot be nothing so they they have been as they promise completely hands off into editorial coverage and of being absolutely scrupulous on that front what we have seen is a number of sort of every corporation in the business side so we now have a combined sales team in asia which is working really well we've just launched actually new product called scout asia which is a sort of news and data services about asian companies for for the world we working with them on as that of business english venture so there's a number of specific investment projects that we wouldn't have happened it wouldn't have happened and actually free unleash both the t brennan the nikkei brand and we think could become quite substantial businesses so what i want to things i really appreciate and respect about the nikkei strategy is its growth they believe in growth and frankly the time when a lot of people view news meters playing defense we're playing offense and they want us to grow and we all grow offense look like besides growing your subscription visit it's growing subscription business it's innovating around appetizing models branded content etc and it's conceiving of and launching new product innovations like scott asia like business english and there's a number of others that were thinking of the moment i hear rumblings about midday activity in part because because things are cheaper now than they were a couple of years ago i hadn't noticed that so much.
"financial times" Discussed on Monocle 24: The Globalist
"Our linda and let's move on to the financial times and they poppy story on their front page the run out of chicken kfc an extraordinary isn't it almost twothirds of uk prime cheese at work close yesterday because they are they didn't have any chickens so that might be crucial ingredient in ah in their product but i think why it's made the front page of the financial times is that it's unusual for and supply chains to break down especially since there using dhl within international courier but it is quite i found this cueto quite amusing because kfc at the end says they're unable to say when restaurants will return to normal service so this is a significant break that is absolutely us was worth borja this is a new supply deal that they heard with with with dho which obviously suffered some some teething problems the thing that strikes me as particularly interesting about this linda is the way in which a big chain like heresy can't seem to just kind of act for itself i mean could they not have just gone down to the local supermarket import a whole load of chicken drumsticks well i think cav if your i ram one of these branches that would absolutely be very very tempting my my my guess would be of course cost yes exactly but clearly they think closing the doors is is is more preferable to disprove it too much on on their chicken any who am let's finish off with them a skirmish are reported skirmish shored disagreement between the us and china during donald trump's recent us over what happens to the socalled nuclear football this is an extraordinary story fighter resources have at axios which is an online website that and the at mid level official who carries the new clear football it's a suitcase with all the nuclear launch codes and he has to always be very close to the president along with a doctor these two people are central personnel said heading into the great hall the people when trump was in china he was actually blocked from entering.
"financial times" Discussed on Bloomberg Radio New York
"Have this than the financial times but the financial times did make it there top story that bridgewater of the world's largest hedge fund says volatility is here to stay fit ain't going anywhere back to normal uh i guess another another and long waits at me do we need to rethink revaluation should be now that um i guess vaal has been moving back or mean reverting if you will up let's get more on the day ahead in the week ahead and the to have a closer look at the markets through the prism of ets rejoins on the phone woman intelligence eric platoon is for our weekly look at that space and you can find more of course on his research on the bloomberg terminal b i e t f go erik i'm sure last week was just a bit of a flurry for you in terms of news flow and just how busy were given the implosion of a lot of these uh fairly extreme trades tell us what do we start with i'll let you start yeah well let's look at the plo you know when you have these corrections each year clothes can be a real good tend to sentiment because the closer daily right mutual funds are and the delay and they're mostly retail etf start used by toossion so here's what i'm seeing in the flows which is interesting so i think you're seeing some real panic here in the flows you got spy had about twenty five billion and outflows last week that is a lot that tells me that the trading crowd the hot money whatever you want to call it is scooped um when spy sort of is like almost like a futures market are uh those kind of investor so ththat's these outflows it means that traders are nervous however i've easy which is to cheaper version of by which a lot of advisors in retail use actually has sought includes all most of the week except for towards the end of the week he even called little red now that tells you that.
"financial times" Discussed on KBNP AM 1410
"Being here i got us it's almost like a coincidence because of course today were awaiting news about the nafta renegotiation talks that have been taking place over the weekend in in montreal and you have a direct relationship to uh nafta as it was put together and one if he could just tell people about it well first of all the toys great to be with you here pimm i worked on the original nafta with rod rockefeller a nelson's oldest son who passed away a few years ago but uh we worked very hard on that because we saw a lot of the center jersey synergies possible between the three countries it obviously had to be updated so much has happened in the area of technology uh that uh the updating is is very necessary and the negotiations we're going to be tough we know because the president ministration announced that they were very unhappy with the trade deficit with mexico and a small one with canada uh although there are a lot of but pessimistic estimate some what's gonna happen i think you have uh a very good group of people negotiating it a light haiser has a has a record as a negotiator he's a tough negotiations robert light highs earlier a us the lead us exactly and and christophe lens an old french used to me the uh the uh editor in the united states for the financial times sherry smart and done she knows what she's doing anglo hartel does it from mexico little really very vida garage i is the one who was the foreign minister who really is on top of that so you have three very tough smart people negotiating it uh and i think at the end of the day it'll happen but i think you'll need a couple more sessions uh before we get through it uh as you know it's a.
"financial times" Discussed on Radio Free Nashville
"In the financial times this morning a new analysis shows that quote charles and david coke and or coq industries could say between one and one point four billion dollars every year from the trump tax law uh and the co group spent over twenty million dollars per promoting the tax bill that ultimately became law according to a factsheet they provided to the wall street journal so on the one hand they invest twenty million dollars in our political process they make a billion dollars a year forever on the other hand we have this ar article by angus deaton in the new york times today the quote the headline the us can no longer hide from its deep poverty problem and they point out that you know the the the poorest people in the world are those who live on a dollar ninety or a less a day and they say there's three point two million such people in the united states and if you adjusted for you know the kind of the coup lula inflation i guess you'd call israeli 53 million americans are living in the kind of poverty that we usually associate with places like bangladesh what's your take on these on these two contrasting stories what does this mean how did we get here how do we get out of this well now becoming commonplace in that so i i guess i'm a little uh cynical almost about this this contrast between the needs of this economy and how it is in fact working it's a wonderful investment for the cold brothers to spend as you put it twenty million dollars on a political process that saves them a billion and a half each year our that's the rate of return that far exceeds anything else they could have done with the twenty million dollars to say the least let me put it in another way back in two thousand fourteen a famous french economy name thomas pick kennedy wrote a book that a lots of folks including you when i commented on publicly it showed that capitalism as our system is continuously producing ever worse inequality and that they will eventually blow up and threatened the system and that he concluding his book by saying excuse me that one of.
"financial times" Discussed on Clark Howard Show
"Geno ebookers and travel agencies that book q four dental work overseas uh there's a website called dental departures dot com that is one i've talked about before that you put what is your looking to do who you can go see and what it's gonna cost compared to will name a compared to what you'd pay here just what it would cost and i saw a story in the financial times that this has gotten to be such a big business in poland where people come for dentistry that eighty percent of the people going to the dentist there are foreigners going four first quality dental care and they go for a much lower cost now me saying first quality that's where i get the beefs from the dennis here in the us saying wait how do you know it's first quality and the answer is i don't i don't i'm not a medical professional far from it but i can tell you that as you know as a medical professional people who have a serious dental issue untreated leads to additional and potentially deadly health problems and so if it's not affordable here and it means going without maybe the right answer is for somebody to look overseas the same thing is come up with medical and gosh i wanna make people unhappy and medicine i've done in the past talking about people going to singapore or india or thailand for various medical procedures heart surgeries and the rest.
"financial times" Discussed on FT News
"From the financial times in london on january on us this is actually news this week europe's largest property giant union borrowed i'm kay has agreed a deal to acquire australia's westfield for twenty four billion dollars what does this still say about consolidation in the retail market joining me now is miles johnson the capital markets editor at the ft any williams ft proxy correspondent and the rush masudi manet correspondence talk about the two festival amy weiss these you need by buying this giant molineaux from australia well the first point to make is that the majority of mouse that westfield earn so in the us and it is very good at developing big shiny glitzy shopping centres whose lots of shops and restaurants now the fun things in was unify is more based in europe on his quite could it operating mal sit together they have a really broad spread of shopping centers as spread across the globe malls have come under pressure from the rise of online shopping is consumers have gone more and more frequently towards speak online retailers like amazon so one response to that is for these big companies to merge and give each had access to more retailers and broaden their bit of offerings to be tense antics is not the only deal in the property sector last week we saw hamilton agreeiate deal with into his well do you think we'll see more deals along these lines as big property companies get together i think we will people have talked a little bit about the prospect of simon properties in the us doing something but someone sets media they're already such an enormous company that merging with another entity would actually cools competition problems for them so jews out or not one but for sure will no doubt see smaller companies getting together next year an irrational what are your contact saying about the motivations behind the steel there's a couple motivations on this deal specifically if you think about what frank lo he is the sort of founder of westfield built it from being a european immigrant fleeing the europe to australia and starting this business in 1960 he's taken something that started in a suburb in western sydney to a global company that owns very prime real estate if you think about london the stratford.