Police can once again seize and keep cash, cars, and real estate. Here’s why that’s a problem for both individual rights and state reforms.
Once again, police can keep your cash.
Foreign investors looking to land a coveted US green card have financed luxury apartments in the up-and-coming Fenway, hotels in Manhattan, ski resorts in Vermont, and Miami’s version of the Eiffel Tower. Now, they are increasingly pouring their money into a less glitzy but thriving industry: drug rehabilitation and psychiatric clinics.
Yahoo just disclosed the size of its executive pay packages and Marissa Mayer stands to make millions coming or going.
The CEO of the embattled online news site, currently trying to sell itself, is entitled to severance benefits valued at $54.9 million in case she is terminated without cause, according to a regulatory filing after the market closed Friday. The potential payout would also be triggered by a "change of control," which includes the sale of the company, according to the filing.
The modern publisher is facing fast-changing and challenging times. It's enough to make you want to crank up the printing presses.
That's just what we've done. Digiday has launched a new quarterly print magazine, Pulse, devoted to the future of media. The first issue takes a deep look at what the rise of platforms from Facebook to Snapchat means for publishers. The inaugural 60-page issue includes:
The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged by 3.4% to $35.2 billion, in 2015.
The sum which includes intra-African transfers, represents 6 percent of total transfers by migrants worldwide to their region or country of origin, Ecofin agency reports.
The total migrants transfers worldwide, though lesser compared to the previous year is estimated at $581.6 billion.
Mohamed A. El-Erian argues that the world’s masters of monetary policy have reached the peak of their ability to influence the course of the global economy.
The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse
by Mohamed A. El-Erian, Random House, 2016
One of the more peculiar features of the past decade has been the transformation of a formerly quiet, behind-the-scenes cohort of central bankers into the most visible and consequential players in shaping the arc of the global economy.