Why Silicon Valley’s “growth at any cost” is the new “unsafe at any speed”

(video link) If there’s one person outside of government who has stood against Facebook’s crashing wave, it’s Ashkan Soltani. Late last year, the independent privacy researcher was suddenly called to speak before the UK Parliament about Facebook’s privacy practices, simply because he happened to be in London and, in his own words, “was just a […]

MORGAN STANLEY: Get used to a ‘new normal’ of weaker UK growth thanks to Brexit

REUTERS/Kevin Coombs Morgan Stanley says weaker growth looks set in for the long haul once the UK formally leaves the EU. The average quarterly growth rate since the third quarter of 2016 was about 0.4%, which looks set to continue until at least the fourth quarter of 2020, economists at the bank said.  In the […]

Strong growth data obscure a probable slowdown to come

FINANCIAL MARKETS may have wobbled in recent weeks—the S&P 500 fell by 7.3% in October. But America’s real economy still seems to be in rude health. Figures released on October 26th showed economic growth of 3.5%, at an annualised rate, in the third quarter of 2018. Most economists had expected a sharper slowdown after the […]