“In three words I can sum up everything I’ve learned about life: It goes on.”
– Robert Frost
While companies aren’t required to disclose the sizes of their contingent workforces, there’s ample evidence that tech companies use large numbers of contractors and temps. At Alphabet Inc.’s Google employees accounted for less than half its workforce.
How long will the shocking revelations of the royal commission remain at the forefront of their strategies for governance and cultural change? And will our regulators be up to the task of ensuring that long into the future, complacency and misconduct does not become the norm again?
Graeme Samuel AC is a Professorial Fellow in the Monash Business School. He was a co-author of the Report of the APRA Prudential Inquiry into the culture, governance and accountability of Commonwealth Bank of Australia
Banking royal commission: Kenneth Hayne has a message for every boardroom ...
The Stolen Equifax Data Has Never Been Found, Experts Suspect a Spy Scheme CNBC
Revolt of the gig workers: How delivery rage reached a tipping point SF Chronicle
From Misfit With Blog to Author With Deal
ZDNet: “Cyber-criminal groups are exploiting a Gmail feature to file for fraudulent unemployment benefits, file fake tax returns, and bypass trial periods for online services. The trick is an old one and has been used in the past. It refers to Gmail’s “dot accounts,” a feature of Gmail addresses that ignores dot characters inside Gmail usernames
Germany Opens Massive Intelligence Complex (Maybe the World’s Largest) in Berlin NYT
Opinion – Wired: “…What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network.
Any Western country using Huawei or other Chinese tech makers in major projects will risk consequences, US ambassador warns South China Morning Post
The strange superstitions of Chinese tech companies Abacus
Official figures are produced to serve particular ends. Their names are mere labels, with no connection to infallible underlying stable properties. Most of the time, the statistics that politicians and the media quote do not reveal scientific facts. In the 1980’s TV comedy Yes, Prime Minister, the prime minister asks: “Is it OK to mention figures?” The TV director replies: “Yes. Practically no one takes them in and those who do don’t believe them, but it makes people think you’ve got the facts at your fingertips.”
In the past three years, the number of Australians using such services has jumped from 400,000 to 2 million. Its business model means it can avoid the responsible lending requirements of the National Consumer Credit Protection Act. As such, Zip lends money without verifying a person’s income or credit history. The potential it will entice those with low income and bad credit has attracted the scrutiny the Senate inquiry into credit and financial services. The problems should be obvious, despite the “interest-free” boast, Zip Pay’s $6 monthly fixed fee is in fact a quasi-interest charge, equivalent to paying 7.4% interest annually on a $1,000 debt.
The leaders of our banks and financial institutions are seen as the most self-serving in the nation. More than a third (35.4%) of respondents believe banking and financial institutions show “no leadership for the greater good”. This score is slightly worse than public perceptions of the Federal Government, substantially worse than religious institutions and significantly worse than trade unions.