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Enlarge (credit: Robert Nickelsberg / Contributor | Getty Images News) For years, people in cars stuck behind blue delivery trucks in traffic have echoed media reports criticizing Amazon for clogging American roadways. It’s well-known that the Amazon drivers steering these fleets of trucks and vans don’t actually work for Amazon but are hired by companies […]
Elizabeth Warren and Cori Bush led over two dozen congressional Democrats in urging Amazon, Lyft, Uber, and others to reclassify contractors as employees. https://media.wired.com/photos/632ba9c640fe1e8870aa3b5c/master/pass/Warren-Abortion-Gig-Employers-Business-1233338537.jpg
Their new platform promises low costs and transparency
Shayanne Gal/ Business Insider Business Insider compiled an exclusive list of the top 12 venture-capital firms making deals in the cannabis industry. Subscribe to read the list here. Ever since Colorado legalized cannabis for all adults in 2014, the cannabis industry has blossomed, with a multitude of companies competing to scale up as more states legalize the […]
LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him not in cash, but in sweaters. The value of 100 cashmere pullovers, it said, equalled his 150,000 yuan ($ 22,000) loan, and was thus fair compensation. Mr […]
Companies offer payment in kind to avoid defaults amid a financial squeeze
The benefits of scale, regulation and fear
SINCE BRITONS chose to leave the European Union in June 2016, the clichés have piled up almost as thickly as the votes: “no deal is better than a bad deal”; “Brexit means Brexit”. And you might count yourself rich—even by the City of London’s standards—if you had a fiver for every time you had heard […]
Nearly half of mortgage originators are not banks
Not so bankable TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks from the mortgage market—this time from a shift towards non-bank originators. These firms, which create mortgages and often sell them on to […]
