Portugal proves that austerity doesn’t work

Portugal proves that austerity doesn’t work

Economists like Alberto Alesina and Silvia Ardagna reshaped the world when their theories of “expansionary austerity” were put into effect after the 2008 crisis: the idea that governments could “increase taxes, cut spending, and grow strongly” was powerfully tempting to the world’s leaders, who saw in them a way to pull out of a recessionary spiral without limiting the number of yachts the oligarchs they depended on could afford. (more…)Read full story

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1,000 Googlers sign petition opposing Google’s plan to launch a censored Chinese search engine

1,000 Googlers sign petition opposing Google’s plan to launch a censored Chinese search engine

Over 1,000 Google employees have signed a petition urging senior management to reconsider the company’s plan to launch a censored Chinese search product (codename: Dragonfly), a revolt that’s been in the works since the news broke; the employees demand transparency about the project and point out that it violates the Association of Computing Machinery’s code of ethics.Read full story

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SAP’s SAP.io Foundry debuts the graduates of its second women-focused accelerator

SAP’s SAP.io Foundry debuts the graduates of its second women-focused accelerator

SAP, the German-based enterprise software giant, has unveiled the New York-based cohort from its SAP.io Foundry accelerator programs focused on women-led technology companies. The first program was launched in San Francisco in July 2017, and while the company has launched additional accelerator programs in Berlin and Tel Aviv (with plans for a Paris accelerator in the Fall), it’s SAP’s San Francisco and New York programs that have a specific focus on women and founders of color, according to Vanessa Liu, a vice president in charge of the New York program….

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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

Daniel Kim and Jay Lee, the two founders of AuditBoard, a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif. It was from their hometown Los Angeles exurb, that Kim and Lee first began plotting how they would turn their experience working for PriceWaterhouseCoopers and Ernst & Young (respectively) into the software business that just managed to rake in $40 million in financing led by one of venture capital’s most-respected firms, Battery Ventures. Kim, who had moved on…

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Disney (yes, Disney) declares war on “overzealous copyright holders”

Disney (yes, Disney) declares war on “overzealous copyright holders”

Disney is being sued by the Michael Jackson estate for using fair-use clips in a biopic called “The Last Days of Michael Jackson” — in its brief, the company decries “overzealous copyright holders” whose unwillingness to consider fair use harms “the right of free speech under the First Amendment.” (more…)Read full story

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English and Welsh local governments use “terrorism” as the excuse to block publication of commercial vacancies

English and Welsh local governments use “terrorism” as the excuse to block publication of commercial vacancies

Gavin Chait is an “economist, engineer, data scientist and author” who created a website called Pikhaya where UK entrepreneurs can get lists of vacant commercial properties, their advertised rents, and the history of the businesses that had previously been located in those spaces — whether they thrived, grew and moved on, or went bust (maybe because they had a terrible location). (more…)Read full story

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