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Going Global: The Growing Approach

Globalization has impacted almost everything surrounding us, so it is simple to see how it features in my own life. From almost every electronic gadget I own to the fuel I use in my car, everything is either imported from another country or requires a spare part or intermediate good ...

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Shareholders Call for CEO Pay Cut

32 million- that was the salary of Reckitt Benckiser CEO Rakesh Kapoor at the end of 2015, according to a March 31st article in the Financial Times. This startling figure has raised concerns regarding the fairness of executive compensation and the potential influence of company shareholders and the board of ...

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Uber and Greyball

https://www.ft.com/content/2ab3c0e8-0076-11e7-96f8-3700c5664d30 https://www.nytimes.com/2017/03/03/technology/uber-greyball-program-evade-authorities.html?_r=0 In the midst of sexual harassment allegations, a lawsuit from Google and a video of the CEO talking poorly to a driver, Uber has recently come under fire for yet another controversial action. Since as early as 2014, Uber has been using a program called Greyball to track ...

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Deutsche Bank Freezes North Carolina Expansion, in Protest of Bias Law

Hannah Edens April 14, 2016   In recent news, NY Times Business and Financial Section covered the business backlash on the law recently passed in North Carolina eliminating anti-discrimination protections based on sexual orientation. Deutsche Bank, the “German financial giant that has significant business in the United States, said that ...

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China’s Aid to Africa: Monster or Messiah?

Original link to article: http://www.brookings.edu/research/opinions/2014/02/07-china-aid-to-africa-sun In the article, “China’s Aid to Africa: Monster or Messiah?”, the author presents a cross-examination of the economic presence in China. China’s Ministry of Commerce reported that Chinese investment in Africa grew 2.96B USD from 2000 to 2011. However, according to China Radio International, the billions ...

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How The Islamic State Makes Its Money

Causing terror around the world is quite expensive. All of these weapons,  employee salaries, international travel, propaganda videos, clothing—all of these cost money. David Coen, the Treasury Department’s Undersecretary for Terrorism and Financial Intelligence, described the Islamic State last October as “probably the best-funded terrorist organization we have confronted” — ...

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MasterCard Goes All-In On Zero Liability

In today’s time, credit, debit, and ATM card fraud has seem to become a part of the package of our electronic payment system. 1 in 10 Americans have been victims of credit card fraud  (“Credit Card Fraud Statistics”). Even worse, 1 in 7 Americans have been victims of debit or ...

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A Pharmaceutical Version of Enron

An article was written on CNN’s “Money” webpage last month, and it discussed the possibility of a troubling Enron-like fraud occurring in the pharmaceutical industry. A controversy has began to swirl around Valeant, a medical drug firm valued at over fifty billion dollars. They were accused of cooking their books and invoices in ...

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General Electric and Export-Import Bank and Controversy

 In January 2014, President Obama visited General Electric’s factory, applauding the factory plant “as a sign that manufacturing in American could have a promising future.” On the contrary, the factory’s plant manager notified the workers that the Waukesha plant would be shut down and would be relocating “production of the ...

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