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Showing 1-10 of 10 results
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EU privacy rules risk giving Google even more power
News, Leonid Bershidsky, Published on 03/05/2018
» The disingenuous way companies are attempting to comply with the letter, not the spirit, of the European Union's General Data Protection Regulation (GDPR) is only part of the problem with the new privacy rule, which goes into effect on May 25. For publishers already forced to accept Google's near monopoly on programmatic advertising on their sites, the new regulation could make things worse.
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Stock market is a lot like bitcoin now
News, Leonid Bershidsky, Published on 08/02/2018
» Just as President Donald Trump had nothing to do with the stock market's rise, despite the almost 60 boastful tweets he has posted about it since being elected, he has nothing to do with the recent stock crash. Instead, praise the machines -- and blame them, too.
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Facebook's new mission looks well nigh impossible
News, Leonid Bershidsky, Published on 17/01/2018
» If Facebook Chief Executive Officer Mark Zuckerberg is sincere in a recent post about gradually taking the media element out of "social media", he's striking a powerful blow for tech self-regulation, as well as preparing to pay a heavy price for the evolution of his vision. But getting the genie back into the bottle may be too difficult even for Mr Zuckerberg, and, in any case, his creation's problems go far beyond his proposed fix.
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Turnover tax on global technology giants is sheer folly
News, Leonid Bershidsky, Published on 20/09/2017
» Ten European Union countries' finance ministers have signed a letter calling for a tax on the revenues of multinational tech companies that have been hiding away their European profits. But European leaders should proceed with caution, because a turnover levy may not be the best solution to this multi-billion-dollar problem.
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Why cold, hard cash remains king in the digital age
News, Leonid Bershidsky, Published on 28/06/2017
» We don't have to like the way technology is changing the world. Given the technological disruption happening everywhere, it's reasonable to expect a little Luddite pushback. The growing share of cash in advanced economies might fall in that category.
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The new Saudi Arabian heir is a dangerous man
News, Leonid Bershidsky, Published on 23/06/2017
» The abrupt change in Saudi Arabia's line of royal succession will probably help maintain the House of Saud's sway over its 31 million people, 70% of whom are under 30. It is, however, a dangerous move in the context of a new Big Game unfolding in the Middle East, which involves the US, Russia and local players.
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Politicians should be keeping their money at home
News, Leonid Bershidsky, Published on 07/04/2016
» Ramon Fonseca, a founding partner of Mossack Fonseca, the Panamanian offshore incorporator that has suffered the biggest leak of privileged information in history, has told Financial Times that the investigations stemming from the leak are an attack on the basic human right to privacy. Dmitri Peskov, spokesman for Russian President Vladimir Putin, described them as an attack on his boss ahead of the 2018 presidential election. The investigative journalists themselves see their effort as a strike against corruption and money-laundering. So what purpose do the Panama Papers investigations really serve?
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Time is running out on the US fracking industry
News, Leonid Bershidsky, Published on 21/10/2015
» The US shale oil industry is in retreat, but it will largely survive next year, and its production decline will not be catastrophic enough for oil prices to shoot up. Scarier things probably await US frackers in 2017.
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Saudis attack Russia's oil markets
News, Leonid Bershidsky, Published on 19/10/2015
» As President Vladimir Putin tries to restore Russia as a major player in the Middle East, Saudi Arabia is starting to attack Russia's traditional stomping ground by supplying lower-priced crude oil to Poland.
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Saudis are winning oil war, but paying heavy price
News, Leonid Bershidsky, Published on 15/09/2015
» If you believe all the recent stories about how Saudi Arabia is losing the price war it started against US tight oil producers last year, the new Oil Market Report from the International Energy Agency offers a reality check. The Saudis are winning, though they're paying a heavy price for it.
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