Tags: Business

What the coronavirus vaccine shows about the potential for innovation

The word “innovation” is now one of the most cursed in the English language. Silicon Valley robber barons recognized the cultural capital created by millions of inventors and scientists going back thousands of years, and colonized it to describe their ruthless business practices or semi-pointless new widgets. Innovation used to mean things like “developing new…

Dear lawmakers: Border-adjustable tax can’t shrink trade deficit while producing trillions in revenue

Lawmakers who back a border adjustable tax make two fundamental arguments: The new levy will raise massive amounts of revenue to help pay for business rate tax cuts and it will give a powerful jolt to US based manufacturers and jobs by boosting exports and trimming imports. But there is a huge problem with these…

Long road ahead as TikTok selects Oracle to be US partner

Oracle said Monday that the Chinese owner of TikTok has picked the American company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the United States. Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven…

Durex sales up as social distancing rules relaxed and condom demand rises

The maker of condom brand Durex has reported a recovery in sales after coronavirus restrictions were relaxed following the first wave of the pandemic. Sales of air fresheners and cleaning products have also soared as people work from home, according to global consumer goods giant Reckitt Benckiser (RB), which also owns brands including Dettol and…

Joe Biden ‘exploded’ at Barack Obama in row over Hunter: ‘Keep my family out of this’

Joe Biden says he's 'proud of my son' Hunter Biden, the President-elect’s son, has been asked to disclose information about his taxes amid an investigation from the Department of Justice in Washington. He has been asked to provide information related to his work at the Ukrainian energy company Burisma as well as documents relating to…

How should government spend carbon tax revenues?

The other day, a high-powered group of former senior Republican policy advisers and business executives proposed replacing regulations aimed at reducing greenhouse gases with a gradually increasing carbon tax starting at $40-a-ton. The tax itself is a fairly standard carbon levy that many others have endorsed. The two most interesting things about this initiative are who proposed it, and…

Would Republicans believe election conspiracy theories without Trump?

How have we gotten to this point — with the just-defeated president claiming without any verifiable evidence that the election has been stolen from him in an unprecedented act of voter fraud and a solid majority of his party’s voters inclined to believe the conspiracy? Most pundits have placed the blame squarely on Donald Trump…