Jamie Dimon has spoken. The chief executive of JP Morgan Chase, one of Wall Street's most influential figures, told employees of America's biggest bank earlier this week that he expects to see them back in the office by early July. He reinforced that yesterday by saying he will no longer hold meetings via Zoom. Mr Dimon, who was speaking at the Wall Street Journal's CEO Council Summit, has been back in the office since June last year. He told the Journal's editor-in-chief, Matt Murray, there was now a need for his employees to return to work. Advertisement He added: "The American public knows 100 million people go to work every day, 65,000 people go to our branches every day. "Firemen, police, sanitation, hospitals, retail, pharmacies, banks, groceries - it's 40 million of them that go to work. More from Business Peloton recalls treadmills after injuries and child death Liberty Steel appoints team to accelerate shake-up at troubled … [Read more...] about Wall Street bankers ordered back to their desks – as the City mulls hybrid future
Anonymous apps like YOLO, Whisper, and the now-defunct Ask.fm have been linked to cyberbullying, pedophilia, unsolicited sexual image sharing, and even child suicides . Concerns over these apps largely focus on their anonymity, because they let people talk with limited accountability. But they’re also risky because they usually become popular by surprise . Such anonymous apps often gain popularity beyond their founders’ wildest dreams, leaving them unprepared to scale their content moderation enough to protect their largely young userbase. Kids have the power to make an app go from zero to unmanageable in a matter of days, but anonymous apps tend to enjoy only fleeting success because they become too dangerous, and app stores remove them or their founders shut them down. For all the recent debate about Instagram Kids , anonymous apps pose one of the biggest current threats to children’s safety. Take Sarahah as an example. Founded in 2016 , the app was designed as a way … [Read more...] about Social Apps That Go Suddenly Viral Put Kids at Risk
How politically realistic are the climate action goals that European governments are setting in lockstep with the United States? Some analysts are warning that the rich can afford the necessary changes, but the burdensome costs of a green transition for middle-class and poorer voters could trigger a backlash and prompt electoral reversals. Others worry European governments have still not fleshed out in practical terms how to meet their ambitious climate action and emissions reduction goals and that a failure to deliver solutions, as happened after the 2009 United Nations Climate Change Conference, risks undermining an emerging public consensus about the danger of climate change and a recognition action is required. “If you create a deadline that is unrealistic, which we will not be able to actually achieve, you put it completely beyond the bounds of possibility — that doesn’t mean you can’t have a high bar, you should be aiming for a high bar — but it can’t be unrealistic,” Jamie … [Read more...] about Are Europe’s Climate Action Goals Realistic?
President Joe Biden’s efforts to rescue and ultimately reshape the U.S. economy may be getting most of the attention, but his administration has also been busy on the international front, in large part by expanding and adjusting the vast net of sanctions that the U.S. imposes on countries and individuals around the world. In his first weeks in office, Biden imposed new sanctions on individuals in Russia over interference in U.S. elections; on generals in Myanmar for their overthrowing a democratically elected government; on Saudi Arabian nationals involved in the killing of Washington Post journalist Jamal Khashoggi; on Chinese officials for undermining Hong Kong’s democracy movement and human rights abuses against the country’s Uyghur minority; and against an Israeli businessman accused of corruption. The new administration has also begun adjusting existing sanctions regimes, lifting those leveled at officials affiliated with the International Criminal Court, and considering a … [Read more...] about Biden Likely to Fine-tune US Global Sanctions Regime, Analysts Say
California’s proposed “equity”-focused K-12 mathematics framework aims to underscore the message that there are no students who are intellectually gifted in the subject area, and that providing tracks for higher-level math students is discriminatory. “All students are capable of making these contributions and achieving these abilities at the highest levels,” the introductory chapter of the framework draft from January states, addressing the “problem” that “many competitive colleges and universities … hold calculus as an unstated requirement.” According to the framework, when school districts place students who show high ability in math in advanced classes, or in the “mathematics pathway system,” they act in opposition to what the document states is “evidence that shows all fifth graders are capable of eventually learning calculus, or other high-level courses, when provided appropriate messaging, teaching, and support (sic).” “The system of providing only some students … [Read more...] about California’s ‘Equity’ Math Rejects Existence of Naturally Gifted Students: ‘All Children Capable at Highest Levels’