Facebook CEO Mark Zuckerberg announced he will take two months of paternity leave after his daughter's birth, a strong statement from one of the busiest and most powerful U.S. executives on the importance of family time.
Silicon Valley technology firms have rushed to extend parental leave allowances and other benefits in an attempt to recruit and retain talent, but many workers do not take advantage for fear of falling behind at work or missing out on promotions. Zuckerberg's decision is unusual among high-level tech executives, especially men.
Yahoo CEO Marissa Mayer took two weeks off after her first child's birth in 2012, and when she announced she was pregnant with identical twin girls in September, she said she would be taking limited maternity leave and "working throughout."
The end of cash
Forty percent of commerce is still done with cash and check, but the percentage is slipping every year. Apple CEO Tim Cook turned heads this November during his keynote at Trinity College, Dublin when he told the assembled that "your kids will not know" what cash is.The remark seemed to substantiate reports that Apple is in discussions with several large banks to develop a P2P banking system that would allow users to seamlessly transact payments between wireless devices.
Facebook and Google are also rumored to be developing similar P2P payment systems, setting the stage for a truly competitive market sooner than we may have thought.
The success of the November IPO of Square, the mobile payments company co-founded by Jack Dorsey, and the continued growth of PayPal's Venmo, which plans to fully launch in 2017, means that there's a lot money riding on whether your kids will know what cash is.
Colossal trade pact
Covering 40 percent of the
world's economy, The Trans-Pacific Partnership trade agreement was
reached in October after 5 years of negotiations.
The deal between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam has faced criticism over its expansive scope, secrecy of negotiations and controversial clauses that have come to light.
Though Obama has painted the deal in part as a way of stopping China from writing the rules of the global economy, China's Ministry of Commerce broadly welcomed the agreement in the hope it would "promote and make common contributions to Asia-Pacific trade, investment and economic development".
Lawmakers in the United States and other TPP countries must approve the deal. CONTINUE READING
The deal between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam has faced criticism over its expansive scope, secrecy of negotiations and controversial clauses that have come to light.
Though Obama has painted the deal in part as a way of stopping China from writing the rules of the global economy, China's Ministry of Commerce broadly welcomed the agreement in the hope it would "promote and make common contributions to Asia-Pacific trade, investment and economic development".
Lawmakers in the United States and other TPP countries must approve the deal. CONTINUE READING
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