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Paige Vickers

Good evening. Here is your news brief.

A wild day in Washington

...but agreed with him on a trade deal... Democrats are claiming victory after reaching an agreement with the White House on an update to the 25-year-old North American Free Trade Agreement—but the Senate will not take it up this year due to president Trump’s impending impeachment trial, The Hill reports.

McConnell: Senate will not take up new NAFTA deal this year

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA (new NAFTA) will become an even more important part of trade policy.

...and even insurance companies got in on the act. US health insurers sued the government for denying their claims—apparently failing to see any irony—saying that they are owed $12 billion for losses in connection to Obamacare's "risk corridors."

Health insurers fighting claim denials made some seriously ironic arguments at the Supreme Court

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not so few got a chance to see insurers fighting the US government for allegedly promised funds and experiencing what the insured feel when dealing with health institutions.

Journalists love a deadline

Netflix hits and misses

Global tech battles for Africa

Energize your meetings with a power playlist

Judgement day for the world's most valuable fintech

Looking for a new job?

How safe are volcano vacations?

Matters of debate

Private companies shouldn’t bankroll the public good. Corporations can use their funding power in public-private partnerships to influence policymakers’ priorities, mask their own bad behavior, or even cause additional harm.

Why private companies should stop giving money for good causes

I don't think a blanket ban on public private partnerships is the solution. More transparency is. But done right, public private partnerships can help fund critical work for the social good that otherwise won't be funded.

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but necessary, especially since we can put money to the right work.

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case needs to be evaluated on its own merits

What is the real purpose of companies? Only their behavior can tell us. Employee and consumer expectations have changed and it won’t be long before business leaders are forced to catch up.

What is the real purpose of companies? Only their behavior can tell us

It will be interesting to see how companies measure success now that the Business Roundtable has challenged them to think differently about purpose. From my perspective, those that follow purpose like a north star and make decisions that go beyond the bottom line, will be positioned to win.

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder wasn't the most important stakeholder, to the shock of my investor friends. Maybe we are returning to old values.

Roger Martin has said that there is a real market, where goods and services are made and traded, and an expectations market which looks further out and makes bets on what things will look like in the future. In the world of sports, these 2 markets are separate. But in the business world business managers often overtly intervene in the expectations market. For example by doing share buy backs in order to push the stock price higher. In a world of shareholder primacy, US companies have been putting all the gains from recent corporate tax cuts into buybacks instead of investment or employee wages which was allegedly the policymakers goal for the cuts. Western society is starting to acknowledge that there are other stakeholders apart from shareholders (and the board of directors who have a vested interested in doing buybacks to push up short term share prices). In a world of changing employee and consumer tastes and demands - whilst the economy appears unfair to many - I would expect these debates to continue.

Arts, letters, and the future

Time to ride off into that sunset...for now.

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Korea's other summit: K-pop album tops US charts for first time

Korea's other summit: K-pop album tops US charts for first time

Read more on the Guardian

Contributions

  • In divisive times, K Pop dominates with family-friendly, wholesome boy bands. We all need an escape.

  • Fandom is fascinating. The potential effects of K-pop’s soft power, even more so.

  • Fan "armies" creep me out, like those people who are endlessly devoted to Michael Jackson, or the Beyonce and Taylor Swift fans who are notorious online bullies. But it's still good to see some international music getting this much attention in the U.S.

  • BTS has the most annoying online fan base. They're obsessed with metrics like this and rally themselves to make every new song and video the group releases go to #1. I even saw one BTS fan on Twitter had bought every copy of the group's CD at a local Target just to boost their sales numbers.

  • I wouldn’t agree that BTS’ music, or the music of any of the other superstar K-pop boy bands (EXO, GOT 7, etc) is family-friendly. More so than Justin Bieber and Drake, sure, but it’s not Disney Channel tween conservative either.

    As someone who has been a fan of BTS since before they were cool (literally

    I wouldn’t agree that BTS’ music, or the music of any of the other superstar K-pop boy bands (EXO, GOT 7, etc) is family-friendly. More so than Justin Bieber and Drake, sure, but it’s not Disney Channel tween conservative either.

    As someone who has been a fan of BTS since before they were cool (literally, although I’m not an ARMY), it’s disappointing that Billboard remains the only mainstream music outlet that covers them. BTS performed their hit song DNA at the 2017 AMAs, which had an audience that was solidly 50% there for BTS. Broadcasts edited out the audience cheering (not just noise but a specific type of chant), which meant the average viewer watching from home wouldn’t realize that the fan base was so galvanized as to have an organized chant - a phenomenon we don’t see in American music, even for crazy fans like Directioners or Beliebers. The American music industry is so ready to embrace foreign music from some countries but not Korea.

  • Hooray for new boy bands! Do they sing live though? Their AMA performance was disappointing.