But recently, advertisers have begun to boycott Facebook. After pleas from civil rights groups, including the NAACP, brands began to desert the platform. It started with left-leaning Ben & Jerry's and its parent company, Unilever, then spread to 120 other marketers, including Verizon, REI, Honda, Patagonia, Hershey's, Levi Strauss, Starbucks, and Coca-Cola. All will pause Facebook ads for at least a month.
Realistically, though, Facebook brings in over $17 billion a quarter in ad revenues, from over 7 million separate advertisers. The July ad walkout might dent those revenues slightly, but the company remains obscenely profitable. Zuckerberg wants to avoid the appearance that he flinches as soon as a few advertisers bolt. So why give in now?
And here's another article:
Normal people - The continuing influence of "The Conformist" | Prospero | The Economist
BORN IN 1941, Bernardo Bertolucci grew up amid the cultural renaissance of post-war Italy. The years of fascist rule were over; in cinema neorealism became eminent, while Italian chic was taking over the world of fashion. Bernardo's father, Attilio Bertolucci, was a famous poet and film critic; Bernardo began writing aged 15 with a view to pursuing a career in poetry. It was at the University of Rome—and thanks to Attilio's connections—that he was introduced to film-making.
It was in 1970 that Bertolucci would release his masterpiece. He counted among his friends Alberto Moravia, a novelist who had been so critical of Benito Mussolini's regime that his books had been censored and he had been forced to write under a pseudonym. In 1951 Moravia had published "The Conformist", a postmortem of fascism steeped in the same existential dread as Albert Camus's "The Outsider" (1942).
Hubner: A case for consulting: Four case studies where applied economics could have saved the day
Business rise, and businesses fall. For those that got washed out, sometimes the problems were preventable, and other times, they weren't. In cases where they were preventable, sometimes they can be so easily solved that it would have taken nothing more than a 5-minute conversation with a solid economic or business consultant to get things back on track.
Business owners tend to be fiercely independent, and occasionally, resistant to necessary change (especially in competitive, conservative small-towns in the midwest and great plains!). But eventually the realities of the market come home to roost. Indeed, it is a well-known statistic that over 50 percent of businesses fail within the first five years. All the rhetoric, hopes, dreams, hard-work, was put to the test, and it didn't pass.
Mnuchin and Powell Offer Mixed Views of Economic Recovery - The New York Times
"We are in a strong position to recover because the administration — working with Congress on a bipartisan basis to pass legislation and provide liquidity to markets in record time. While we're beginning to have conversations about supplemental relief legislation, we look forward to working with Congress on a bipartisan basis in July on any other further legislation that will be necessary. Treasury has already been entrusted with a tremendous amount of funding to inject into the economy.
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WASHINGTON — Steven Mnuchin, the Treasury secretary, and Jerome H. Powell, the chair of the Federal Reserve, presented a mixed picture of the U.S. economy on Tuesday afternoon in testimony before Congress as lawmakers prepare for negotiations over another round of stimulus.
Check out this next:
Coronavirus: Johnson sets out 'ambitious' economic recovery plan - BBC News
Boris Johnson has said now is the time to be "ambitious" about the UK's future, as he set out a post-coronavirus recovery plan.
The PM vowed to "use this moment" to fix longstanding economic problems and promised a £5bn "new deal" to build homes and infrastructure.
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Chancellor Rishi Sunak later confirmed he would deliver an economic update on 8 July "setting out the next stage in our plan to secure the recovery".
Subscribe to read | Financial Times
Opinion | Is Economic Inequality Really a Problem? - The New York Times
It is impossible to ignore the stark disparities of income and wealth that prevail in this country, and a great many of us are troubled by this state of affairs.
Professor Frankfurt's essay didn't persuade all his fellow philosophers, many of whom remained egalitarians. But his challenge continued to resonate and, in 2015, even as concerns about economic inequality were growing in many corners of society, he published a short book in which he reaffirmed his position.
What Coronavirus Researchers Can Learn From Economists - The New York Times
The reason doctors are so excited is that randomized controlled trials are the gold standard in medicine. Using randomization (by, say, flipping a coin to assign patients to a new treatment or not) is the best way to determine whether treatments work.
Unfortunately, randomized trials take time — which is a problem when doctors need answers now . So doctors and public health officials have been turning to available real-world data on patient outcomes and trying to make sense of them.
Happening on Twitter
Don't understand enough economics to know if our ban on Chinese apps makes sense. But for a nation in which Google… https://t.co/AqvKTW0GyK joybhattacharj (from Delhi) Tue Jun 30 15:56:04 +0000 2020
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