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☆ From recovery to regulation: How China's tech giants could fare in 2023 after a bruising year
  + stars: | 2022-12-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +11 min
But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Jakub Porzycki | Nurphoto | Getty ImagesIt's been another rough year for China's tech stocks. Xin Sun King's College LondonHow the exit from zero-Covid is handled could ultimately determine the extent of the rebound for China tech. Since the start of 2021, the Hang Seng tech index in Hong Kong, which includes most of China's tech giants, has fallen more than 50%. Firstly, Chinese tech firms have been cutting costs and exiting non-core businesses in order to boost profitability.
☆ What it's like being an LGBTQ couple traveling across the U.S. in a trailer
  + stars: | 2022-12-11 | by ( Kim Kelly Stamp | Kim Kelly Stamp Is A Writer | Essayist | ) www.nbcnews.com   time to read: +6 min
My wife and I are fortunate enough to travel around the country in our 21-foot teardrop trailer. While there are many benefits to living like nomads and traveling back and forth across the U.S., we were leery when we began our first cross-country trip. As a same-sex couple, the seismic political and cultural divide that has been rapidly spreading since the 2016 presidential election made us fearful about traveling through ultra-conservative Southern states. The author's teardrop trailer on a lavender farm in Northern California. I have long believed love overcomes hate, and our teardrop trailer travels remind me that there are good people everywhere, even in those places where you least expect them to be.
☆ Sam Bankman-Fried could face years in prison over FTX meltdown
  + stars: | 2022-12-05 | by ( Mackenzie Sigalos Rohan Goswami | Mackenzie Sigalos | Rohan Goswami | ) www.cnbc.com   time to read: +18 min
Bankman-Fried could face a host of potential charges – civil and criminal – as well as private lawsuits from millions of FTX creditors, legal experts told CNBC. There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. He told CNBC, "prosecutors would have to prove beyond a reasonable doubt that Bankman-Fried or his associates committed criminal fraud." (Carter was not an FTX investor, and told CNBC that his fund passed on early FTX rounds.) "People should not jump to the conclusion that something is not happening just because it has not been publicly disclosed," Levin told CNBC.
☆ Goldman’s brainwaves are best left for its clients
  + stars: | 2022-10-18 | by ( John Foley | ) www.reuters.com   time to read: +4 min
A strategic swerve is an acknowledgement that brainwaves are best pitched to clients than executed by the Wall Street firm itself. Jamie Dimon’s bank drops around $12 billion a year on technology, an entire quarter of Goldman’s revenue. It’s a U-turn, but that’s okay since Goldman is still a leader on the bread-and-butter Wall Street stuff. The Wall Street firm made an 11% return on equity. Revenue from fixed-income trading increased 41% year-on-year, and equities trading revenue slipped 14%.
☆ Diede de Groot: How she won an unprecedented back-to-back calendar grand slam
  + stars: | 2022-10-11 | by ( Issy Ronald | ) edition.cnn.com   time to read: +9 min
CNN —At first glance, winning seems impossibly easy for Diede de Groot; an almost nonchalant habit of 69 consecutive victories, yielding a Golden Slam – all four grand slams and a Paralympic gold medal – in 2021, followed by a calendar grand slam in 2022. De Groot's win at the 2022 US Open completed her back-to-back calendar grand slam. De Groot now plays doubles alongside Van Koot and they have won 11 doubles grand slam titles together. So I know each time it’s getting more difficult to keep up the winning streak.”De Groot celebrates winning her first grand slam title at Wimbledon in 2017. So far, de Groot has won 15 grand slam singles titles and 15 grand slam doubles titles.
☆ Many millennials still go to the bank of mom and dad, but at age 60, I'm learning, slowly, to accept my daughter's financial support
  + stars: | 2022-09-25 | by ( Mary Fairhurst Breen | Read More | Read Less | ) www.businessinsider.com   time to read: +7 min
After years working for nonprofits, I am nearing age 60 without a pension or retirement savings. While financial help is only "supposed to" flow from parent to child in North America, that hasn't been the case for me. Or rather it would be, if I didn't have a daughter with whom I have an exceptional relationship. Much has been written lately about how only those millennials who can go to the bank of mom or dad will ever buy homes. As we've navigated our way through this mutual-aid arrangement, my daughter has persuaded me to stop doing the math.
☆ Say goodbye to paper money — banks are quietly working to get rid of cash
  + stars: | 2022-06-14 | by ( Brett Scott | ) www.businessinsider.com   time to read: +15 min
A payments system without cash is one dependent on banks that are prone to financial crises, systems failure, and cyberattacks. The digital chips promise you government-issued dollar bills, and that promise is empty if you can't get those from the ATM. Despite how crucial it is to maintain an inclusive, multimodal payments system with nonbank and non-digital options, our payments system is being driven toward a monoculture. Ads for digital payments don't say, "Enjoy the speed, convenience, surveillance, cyber-hacking, exclusion, and critical infrastructure weaknesses that our platform brings," yet that is what lies beneath the surface-level slickness of digital payments. The world's most vulnerable people rely on the already existing, physical cash system, and our priority should be to protect that system.
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