How billionaire Bill Gates says he keeps his ego in check

But Gates says he mostly keeps his ego in check. “If I come back and I look like I’m all puffed up, they cut me down to size a little bit,” Gates said. For instance, Gates prefers to communicate via email, but that bugs his daughters. “I’ve got to check Instagram because my youngest daughter likes to communicate there [and] I have to check WhatsApp because another child likes to communicate through that,” he said at the DealBook event. Don’t miss: Why Bill Gates says his 20-year-old self would b


But Gates says he mostly keeps his ego in check.
“If I come back and I look like I’m all puffed up, they cut me down to size a little bit,” Gates said.
For instance, Gates prefers to communicate via email, but that bugs his daughters.
“I’ve got to check Instagram because my youngest daughter likes to communicate there [and] I have to check WhatsApp because another child likes to communicate through that,” he said at the DealBook event.
Don’t miss: Why Bill Gates says his 20-year-old self would b
How billionaire Bill Gates says he keeps his ego in check Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: jade scipioni
Keywords: news, cnbc, companies, bill, times, microsoft, check, communicate, world, little, kids, keeps, ego, likes, billionaire, gates, billion


How billionaire Bill Gates says he keeps his ego in check

A lot could go to Bill Gates’ head given that he’s the second richest person alive with a fortune of more than $109 billion, as well as one of the most recognized and accomplished entrepreneurs in the world. (He, after all, co-founded Microsoft — which now has a market cap of more than $1 trillion — at the age of 19 after dropping out of Harvard.)

But Gates says he mostly keeps his ego in check. One of the big ways he does so is by avoiding the public as much as possible.

“Part of it is that you limit the amount of time you go out into the world, because it’s a little bit distortive,” Gates said Wednesday at The New York Times DealBook event.

In particular, he avoids bars, because “people are even more aggressive about coming up and talking” there, he said.

Still, Gates, 64, whose net worth is just a couple billion shy of Amazon CEO Jeff Bezos’ fortune of $111 billion, said if he does get a big head at times, that’s quickly corrected by either his wife, Melinda, or his best friend, billionaire investor Warren Buffett.

“If I come back and I look like I’m all puffed up, they cut me down to size a little bit,” Gates said.

Gates said he also stays humble by doing normal activities, like washing the dishes after dinner each night and driving his kids to school in the morning.

Gates said his kids also keep him cool and up-to-date.

“I have kids that think I don’t see the world in a modern enough way, including even some technology things they use that they find amazing,” said Gates, who has two daughters, Phoebe, 17, and Jennifer, 23, and a son, Rory, 20.

For instance, Gates prefers to communicate via email, but that bugs his daughters.

“I’ve got to check Instagram because my youngest daughter likes to communicate there [and] I have to check WhatsApp because another child likes to communicate through that,” he said at the DealBook event.

If he doesn’t comply with his kids’ requests, he says, they accuse him of “not paying attention” to their lives.

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Don’t miss: Why Bill Gates says his 20-year-old self would be ‘so disgusted’ with him today

Bill Gates reveals his ‘greatest mistake’ that potentially cost Microsoft $400 billion


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: jade scipioni
Keywords: news, cnbc, companies, bill, times, microsoft, check, communicate, world, little, kids, keeps, ego, likes, billionaire, gates, billion


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Disgraced comedian Louis CK is going on a world tour — so much for cancel culture

It’s been two years since comedian Louis CK admitted in the New York Times that the allegations of lewd behavior made about him by several women were true. However, the current world tour is his most ambitious attempt yet to put his career back on track. When he admitted to the allegations against him, Louis CK became one of the most visible symbols of “cancel culture,” in which celebrities are boycotted and lose professional opportunities in response to allegations against them. Comedian, write


It’s been two years since comedian Louis CK admitted in the New York Times that the allegations of lewd behavior made about him by several women were true.
However, the current world tour is his most ambitious attempt yet to put his career back on track.
When he admitted to the allegations against him, Louis CK became one of the most visible symbols of “cancel culture,” in which celebrities are boycotted and lose professional opportunities in response to allegations against them.
Comedian, write
Disgraced comedian Louis CK is going on a world tour — so much for cancel culture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: daniel bukszpan, in danielbukszpan
Keywords: news, cnbc, companies, stage, women, theres, louis, culture, york, comedian, world, times, cancel, disgraced, tour, going


Disgraced comedian Louis CK is going on a world tour — so much for cancel culture

Louis C.K. performs on stage as The New York Comedy Festival and The Bob Woodruff Foundation present the 10th Annual Stand Up for Heroes event at The Theater at Madison Square Garden on November 1, 2016 in New York City.

It’s been two years since comedian Louis CK admitted in the New York Times that the allegations of lewd behavior made about him by several women were true. He said in the statement that he planned to “step back and take a long time to listen,” but the Times reported on November 2 that the comedian is embarking on a world tour.

The tour started in Richmond, Va. and will see the comedian perform in such far-flung locations as Israel, Slovakia, and Hungary, as well as all over the United States.

These are not his first performances since running afoul of the #MeToo movement. He took the stage in August 2018 at Manhattan’s Comedy Cellar and has made other appearances since then. However, the current world tour is his most ambitious attempt yet to put his career back on track.

When he admitted to the allegations against him, Louis CK became one of the most visible symbols of “cancel culture,” in which celebrities are boycotted and lose professional opportunities in response to allegations against them. In his case, his film “I Love You, Daddy” was dropped from distribution and he lost his lead role in “The Secret Life of Pets 2.”

Now that he’s returning to the stage, it raises questions about the effectiveness of “cancel culture.” After all, is it accurate to say that he’s been “canceled” when he can wait a few months for the uproar to blow over and then go right back to performing?

According to culture critic and writer SJ Palm, host of the Popculty Podcast, the answer is yes, although it has more to do with information overload than anything else.

“In this day of the 24-hour news cycle, stories that would have dominated a year’s worth of media coverage a decade ago are breezed past within a day,” Palm said. “People lose track of time, and they forget how bad the crimes were, so they figure it’s probably been long enough… we should just be honest and call it ‘time-out culture.'”

Comedian, writer, and actor Kevin Allison said that if Louis CK wanted to return to the spotlight, there’s a historical precedent for the way he should have handled it.

“When the story about Louis broke in the Times a couple of years ago, I figured he’d lay low for two or three years, then come back with an hour-long show that was more soul-searching than dismissive, a show that dared to get serious,” he said. “There’s plenty of great moments in stand-up where someone like Richard Pryor came out and basically said something like, ‘Look, I regret something. There’s a solid reason for me to get real up here now and attempt to repair some damage.'”

He added that while Louis CK acknowledged that the stories his accusers told were true, the comedian could have done more to recognize the damage he did.

“Louis’s case is not on the level of, say, Bill Cosby’s,” Allison said. “But several women have said that this whole thing with Louis has had a negative effect on their lives. I don’t know what he’ll ultimately do on stage, but I’d respect him more if he didn’t act like those women were making much ado about nothing.”

Louis Carter, author and CEO of the Best Practice Institute think tank, said that if Louis CK’s “cancellation” seemed to end quickly, there’s a reason for that. He said that it’s in human nature to forgive, primarily because it feels good, and also because it’s easy to forgive when you’re not the victim.

“There are numerous studies on how forgiveness positively affects mood,” Carter said. “When the transgression is hypothetical to others, or others are far removed from the effects of the transgression, it is far easier to forgive.”

The real barometer of how welcome Louis CK’s return is will be the success or failure of his tour. If it sells out, then one can likely assume that he’s back in the public’s good graces. If he tells his jokes to the empty rooms of the world, then it probably means the opposite.

Whatever it means, author Collette McLafferty said that apart from choosing not to see the comedian perform, people who are still upset by his actions can take positive steps to offset that feeling.

“For anyone who is against Louis CK going on the road, I recommend taking that energy to actively seek out and support the projects of the women who told their stories instead – Dana Min Goodman, Julia Wolov, Rebecca Corey, and Abby Schachner,” she said. “They paved the way for women and men to come forward sooner than later.”


Company: cnbc, Activity: cnbc, Date: 2019-11-10  Authors: daniel bukszpan, in danielbukszpan
Keywords: news, cnbc, companies, stage, women, theres, louis, culture, york, comedian, world, times, cancel, disgraced, tour, going


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Nike to launch ‘immediate investigation’ in wake of damning allegations about Oregon Project track team and coach

Nike says it’s taking allegations about body-shaming at the Oregon Project “seriously” and that it will launch an “immediate” investigation to hear from runners on the now-shuttered team. “Mary was seeking to rejoin the Oregon Project and Alberto’s team as recently as April of this year and had not raised these concerns as part of that process.” He said Nike “looked into these allegations [about Salazar] and did not find that he violated any rules.” Nike announced later in October it was shuttin


Nike says it’s taking allegations about body-shaming at the Oregon Project “seriously” and that it will launch an “immediate” investigation to hear from runners on the now-shuttered team.
“Mary was seeking to rejoin the Oregon Project and Alberto’s team as recently as April of this year and had not raised these concerns as part of that process.”
He said Nike “looked into these allegations [about Salazar] and did not find that he violated any rules.”
Nike announced later in October it was shuttin
Nike to launch ‘immediate investigation’ in wake of damning allegations about Oregon Project track team and coach Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: lauren thomas
Keywords: news, cnbc, companies, team, told, project, damning, track, immediate, salazar, times, oregon, nike, wake, launch, wanted, allegations, investigation, parker


Nike to launch 'immediate investigation' in wake of damning allegations about Oregon Project track team and coach

Nike says it’s taking allegations about body-shaming at the Oregon Project “seriously” and that it will launch an “immediate” investigation to hear from runners on the now-shuttered team.

“These allegations are completely inconsistent with our values,” a spokesperson told CNBC in an emailed statement.

In an op-ed published Thursday in The New York Times, Mary Cain, once a star athlete on Nike’s Oregon Project, said she was “emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike.” She said that when she arrived at Nike as a teenager to train with the group, which was created to promote long-distance running, she was met with an all-male staff who told her that in order “to get better” she had to be “thinner and thinner and thinner.”

“These are deeply troubling allegations which have not been raised by Mary or her parents before,” a Nike spokesperson said. “Mary was seeking to rejoin the Oregon Project and Alberto’s team as recently as April of this year and had not raised these concerns as part of that process.”

On Oct. 1, the U.S. Anti-Doping Agency announced it has banned Salazar, a top running coach, for four years on three doping code violations, though Salazar has denied any wrongdoing.

It was also reported by The New York Times in early October that Nike CEO Mark Parker had been briefed, multiple times, by Salazar on his experiments with performance-enhancing drugs. Parker responded to those allegations by calling the accounts “highly misleading.” He said Nike “looked into these allegations [about Salazar] and did not find that he violated any rules.”

Nike announced later in October it was shutting down the Oregon Project entirely. And Parker is set to step down as CEO in 2020.

After Cain’s op-ed, more athletes and coaches have taken to social media to share stories about their interactions with Salazar and time on Nike’s team.

Olympian Amy Yoder Begley said that, after taking sixth place in an event, she was “kicked out” of the Oregon Project and was told she “had the biggest butt on the starting line.”

Former Oregon Project coach Steve Magness said on Twitter that he once sat in a boardroom with Salazar, who said about a female athlete on the team, “Her butt is so big, she can barely lift her knees.”

Magness also said Salazar would “‘joke’ about using liposuction or removing your appendix for weight loss. He’d try to get athletes to take shady diet supplements.”

Salazar, in an email to the Times, denied many of Cain’s claims, adding he had supported her health and welfare.

Cain said on Twitter Friday morning that she had, as recently as this summer, thought about going back to the Oregon Project.

“I still thought: ‘maybe if I rejoin the team, it’ll go back to how it was.’ But we all come to face our demons in some way. For me, that was seeing my old team this last spring. … I wanted closure, wanted an apology for never helping me when I was cutting, and in my own, sad, never-fully healed heart, wanted Alberto to still take me back,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: lauren thomas
Keywords: news, cnbc, companies, team, told, project, damning, track, immediate, salazar, times, oregon, nike, wake, launch, wanted, allegations, investigation, parker


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Nike hit with another damning op-ed: ‘I was emotionally and physically abused’

Nike has been hit with another damning op-ed, highlighting the obstacles female athletes have faced through training with the company. Instead I was emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike,” Mary Cain said in an op-ed in The New York Times. She said Salazar told her she needed to weigh 114 pounds. In an email to the Times, Salazar said he denied many of Cain’s claims. Cain’s op-ed follows a slew of other Nike female athletes speaking out t


Nike has been hit with another damning op-ed, highlighting the obstacles female athletes have faced through training with the company.
Instead I was emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike,” Mary Cain said in an op-ed in The New York Times.
She said Salazar told her she needed to weigh 114 pounds.
In an email to the Times, Salazar said he denied many of Cain’s claims.
Cain’s op-ed follows a slew of other Nike female athletes speaking out t
Nike hit with another damning op-ed: ‘I was emotionally and physically abused’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: lauren thomas
Keywords: news, cnbc, companies, physically, parker, told, damning, times, abused, cain, thinner, nike, salazar, female, emotionally, athletes, oped, hit


Nike hit with another damning op-ed: 'I was emotionally and physically abused'

Mary Cain of the U.S. runs during the 3000m final during day three of the IAAF World Junior Championships at Hayward Field on July 24, 2014 in Eugene, Oregon.

Nike has been hit with another damning op-ed, highlighting the obstacles female athletes have faced through training with the company.

This one targets Nike’s Oregon Project, coached by Alberto Salazar, previously the best track team in the world.

“I joined Nike because I wanted to be the best female athlete ever. Instead I was emotionally and physically abused by a system designed by Alberto [Salazar] and endorsed by Nike,” Mary Cain said in an op-ed in The New York Times.

Cain said she was met with an all-male staff when she arrived at Nike to train, who told her that in order “to get better” she had to be “thinner and thinner and thinner.” She said there was no certified nutritionist helping her and her teammates. She said Salazar told her she needed to weigh 114 pounds. Cain said she broke five bones after she lost her menstrual cycle. She said she developed suicidal thoughts and started cutting herself under all of the pressure to perform.

“[Nike] is not acknowledging the fact that there is a systemic crisis in women’s sports and at Nike, in which young girls’ bodies are being ruined,” Cain said.

Nike did not respond to requests for comment from the Times and CNBC. In an email to the Times, Salazar said he denied many of Cain’s claims.

Earlier this year, the U.S. Anti-Doping Agency banned Salazar for four years, on counts of three doping code violations, though the coach has denied any wrongdoing. It was also reported in early October that Nike CEO Mark Parker had been briefed, multiple times, by Salazar on his experiments with performance-enhancing drugs. Parker responded to those allegations by calling the accounts “highly misleading.” He said Nike “looked into these allegations [about Salazar] and did not find that he violated any rules.”

Then Nike announced, later last month, that it was shutting down the Oregon Project entirely.

But Cain said she isn’t sure that will fix the underlying issues.

“You can’t just fire a coach and eliminate a program and pretend the problem is solved,” the runner said. “My worry is that Nike is merely going to rebrand the old program and put Alberto’s old assistant coaches in charge. … We need more women in power.”

Cain’s op-ed follows a slew of other Nike female athletes speaking out this year.

A Times piece published in May included the voices of two former Nike runners, Kara Goucher and Alysia Montano, who said their contracts were cut during their pregnancies. Olympic champion Allyson Felix later that month wrote an op-ed telling a similar story.

“We’ve recognized Nike can do more, and there is an important opportunity for the sports industry collectively to evolve to better support female athletes,” a company spokeswoman said at the time. Nike also responded by revising its contracts to include more protections for pregnant athletes, extending the period during which women’s pay can’t be slashed postpartum.

All of the public scrutiny makes the timing of Parker last month abruptly announcing his resignation as CEO somewhat obscure. He’s set to step down in 2020. Parker also has told CNBC the decision wasn’t prompted by the recent doping allegations.

Nike shares were up less than 1% on Thursday morning. The stock has rallied more than 21% this year.

Watch the full video op-ed from The New York Times here.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: lauren thomas
Keywords: news, cnbc, companies, physically, parker, told, damning, times, abused, cain, thinner, nike, salazar, female, emotionally, athletes, oped, hit


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Xerox offers HP a slight premium in a mostly cash offer, say sources

Xerox has offered HP $22 per share in its takeover bid for the company, sources familiar with the deal tell CNBC’s David Faber. Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and .137 Xerox shares for each HP share. Concerns about tie-up largely stem from the wide size disparity between Xerox and HP. HP, worth $29 billion, is more than three times the size of Xerox in terms of market cap. HP on Wednesday confirmed it has held talks with Xerox, which makes printers a


Xerox has offered HP $22 per share in its takeover bid for the company, sources familiar with the deal tell CNBC’s David Faber.
Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and .137 Xerox shares for each HP share.
Concerns about tie-up largely stem from the wide size disparity between Xerox and HP.
HP, worth $29 billion, is more than three times the size of Xerox in terms of market cap.
HP on Wednesday confirmed it has held talks with Xerox, which makes printers a
Xerox offers HP a slight premium in a mostly cash offer, say sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: thomas franck
Keywords: news, cnbc, companies, company, sources, offers, share, cash, slight, tieup, times, offer, talks, xerox, say, size, premium


Xerox offers HP a slight premium in a mostly cash offer, say sources

Xerox has offered HP $22 per share in its takeover bid for the company, sources familiar with the deal tell CNBC’s David Faber.

Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and .137 Xerox shares for each HP share. The deal, if accepted, is expected to generate about $2 billion in cost synergies and result in HP holders owning 48% of the company, the sources said.

Concerns about tie-up largely stem from the wide size disparity between Xerox and HP. HP, worth $29 billion, is more than three times the size of Xerox in terms of market cap.

At the close, the combination would leave the company five times levered and three times levered within 24 months, though the tie-up is expected to leave its debt investment grade.

The new figures follow reports earlier in the week that the two companies were in talks to combine. HP on Wednesday confirmed it has held talks with Xerox, which makes printers and copiers, about a possible deal.

“We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday,” the company said in a statement. “We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”

HP announced last month that it will cut between 7,000 and 9,000 jobs by the end of fiscal 2022 as part of a broader restructuring plan to save cash. The company was created after Hewlett-Packard separated its enterprise business — Hewlett Packard Enterprise — that sells data storage equipment, servers, and other related services.


Company: cnbc, Activity: cnbc, Date: 2019-11-07  Authors: thomas franck
Keywords: news, cnbc, companies, company, sources, offers, share, cash, slight, tieup, times, offer, talks, xerox, say, size, premium


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The DOJ’s antitrust chief confirmed that he talks to Trump

The DOJ’s antitrust chief confirmed that he talks to TrumpDelrahim, the assistant attorney general for the DOJ’s antitrust division, discussed his relationship with Trump on stage at The New York Times DealBook Conference on Wednesday.


The DOJ’s antitrust chief confirmed that he talks to TrumpDelrahim, the assistant attorney general for the DOJ’s antitrust division, discussed his relationship with Trump on stage at The New York Times DealBook Conference on Wednesday.
The DOJ’s antitrust chief confirmed that he talks to Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, times, confirmed, antitrust, relationship, talks, chief, stage, york, trumpdelrahim, dojs, trump, general


The DOJ's antitrust chief confirmed that he talks to Trump

The DOJ’s antitrust chief confirmed that he talks to Trump

Delrahim, the assistant attorney general for the DOJ’s antitrust division, discussed his relationship with Trump on stage at The New York Times DealBook Conference on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, times, confirmed, antitrust, relationship, talks, chief, stage, york, trumpdelrahim, dojs, trump, general


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Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’

Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.


Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.
Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, sexual, bill, mistake, calls, epstein, gates, meetings, sorkin, taking, sits, times, york, jeffrey


Bill Gates calls his meetings with Jeffrey Epstein 'a mistake'

Bill Gates calls his meetings with Jeffrey Epstein ‘a mistake’

Bill Gates sits down with CNBC’s Andrew Ross Sorkin at the New York Times DealBook Conference to discuss the lessons he’s learned from taking meetings with convicted sexual offender Jeffrey Epstein.


Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, sexual, bill, mistake, calls, epstein, gates, meetings, sorkin, taking, sits, times, york, jeffrey


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Watch head of Facebook’s cryptocurrency project Calibra David Marcus speak live

Head of Facebook’s cryptocurrency project Calibra David Marcus will speak Wednesday at the New York Times Dealbook Conference in New York City. He is expected to discuss his involvement leading Facebook’s Calibra as well as regulatory scrutiny the project has faced. He’s also likely to touch on the flood of “founders” who have exited the Libra Association, which is supposed to be an independent overseer of Facebook’s libra cryptocurrency.


Head of Facebook’s cryptocurrency project Calibra David Marcus will speak Wednesday at the New York Times Dealbook Conference in New York City.
He is expected to discuss his involvement leading Facebook’s Calibra as well as regulatory scrutiny the project has faced.
He’s also likely to touch on the flood of “founders” who have exited the Libra Association, which is supposed to be an independent overseer of Facebook’s libra cryptocurrency.
Watch head of Facebook’s cryptocurrency project Calibra David Marcus speak live Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: william feuer
Keywords: news, cnbc, companies, supposed, project, david, calibra, marcus, facebooks, speak, watch, live, libra, touch, cryptocurrency, times, head, york


Watch head of Facebook's cryptocurrency project Calibra David Marcus speak live

Head of Facebook’s cryptocurrency project Calibra David Marcus will speak Wednesday at the New York Times Dealbook Conference in New York City.

He is expected to discuss his involvement leading Facebook’s Calibra as well as regulatory scrutiny the project has faced. He’s also likely to touch on the flood of “founders” who have exited the Libra Association, which is supposed to be an independent overseer of Facebook’s libra cryptocurrency.


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: william feuer
Keywords: news, cnbc, companies, supposed, project, david, calibra, marcus, facebooks, speak, watch, live, libra, touch, cryptocurrency, times, head, york


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Millions in EU farm cash is reportedly being funneled to oligarchs and populists

The European Union pays out $65 billion in farm subsidies every year, but some of this money is going into the pockets of oligarchs and other powerful individuals, the New York Times reported Sunday. European farm subsidies are meant to help farmers across the 28-member states. European funds are allocated based on the size of the land owned by a farmer. The European Commission said Monday that European governments have the biggest responsibility in checking the allocation of funds. To read the


The European Union pays out $65 billion in farm subsidies every year, but some of this money is going into the pockets of oligarchs and other powerful individuals, the New York Times reported Sunday.
European farm subsidies are meant to help farmers across the 28-member states.
European funds are allocated based on the size of the land owned by a farmer.
The European Commission said Monday that European governments have the biggest responsibility in checking the allocation of funds.
To read the
Millions in EU farm cash is reportedly being funneled to oligarchs and populists Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: silvia amaro
Keywords: news, cnbc, companies, commission, cash, funneled, subsidies, union, funds, york, times, millions, reportedly, farm, oligarchs, populists, states, european, investigation


Millions in EU farm cash is reportedly being funneled to oligarchs and populists

The European Union pays out $65 billion in farm subsidies every year, but some of this money is going into the pockets of oligarchs and other powerful individuals, the New York Times reported Sunday.

European farm subsidies are meant to help farmers across the 28-member states. However, a New York Times investigation, conducted in nine-European countries, said that the EU’s distribution of farm subsidies is “deliberately opaque, gross undermines the European Union’s environment goals and is warped by corruption and self-dealing.”

The European Commission, the EU’s executive arm, said Monday that it “has zero tolerance for fraud with European Union funds and therefore insists on a clear commitment from member states to prevent fraud.”

Nonetheless, the Times investigation argued that in Hungary, Prime Minister Viktor Orban uses European funds to enrich those in his inner circles, including family members, while also punishing his political rivals. Meanwhile, in the Czech Republic, Prime Minister Andrej Babis allegedly collected at least $42 million in farming funds in 2018. Babis has denied any wrongdoing.

European funds are allocated based on the size of the land owned by a farmer. Often, in former Soviet countries, the governments are the biggest land owners.

The European Commission said Monday that European governments have the biggest responsibility in checking the allocation of funds.

“According to the shared management principal, member states are primarily responsible for the sound and legal management of EU funds,” a spokesperson for the commission told reporters.

To read the full The New York Times investigation click here.


Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: silvia amaro
Keywords: news, cnbc, companies, commission, cash, funneled, subsidies, union, funds, york, times, millions, reportedly, farm, oligarchs, populists, states, european, investigation


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Huawei executive says the ‘biggest winners’ in 5G will be our partners

CEO of Huawei Guo Ping attends a conference at the Mobile World Congress 2019 held at the Fira Gran Via 2 on February 26, 2019 in Barcelona, Spain. LISBON, Portugal — A top Huawei executive has urged companies to partner with the Chinese tech giant to develop 5G technology applications, saying in a speech Monday that those who do will be the “biggest winners.” The 5G technology aims to bring faster speeds and lower lag times than previous networks like 4G and 3G. Guo said the applications and so


CEO of Huawei Guo Ping attends a conference at the Mobile World Congress 2019 held at the Fira Gran Via 2 on February 26, 2019 in Barcelona, Spain.
LISBON, Portugal — A top Huawei executive has urged companies to partner with the Chinese tech giant to develop 5G technology applications, saying in a speech Monday that those who do will be the “biggest winners.”
The 5G technology aims to bring faster speeds and lower lag times than previous networks like 4G and 3G.
Guo said the applications and so
Huawei executive says the ‘biggest winners’ in 5G will be our partners Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: elizabeth schulze
Keywords: news, cnbc, companies, winners, executive, networks, faster, tech, guo, ping, portugal, technology, times, partners, biggest, huawei


Huawei executive says the 'biggest winners' in 5G will be our partners

CEO of Huawei Guo Ping attends a conference at the Mobile World Congress 2019 held at the Fira Gran Via 2 on February 26, 2019 in Barcelona, Spain.

LISBON, Portugal — A top Huawei executive has urged companies to partner with the Chinese tech giant to develop 5G technology applications, saying in a speech Monday that those who do will be the “biggest winners.”

In a keynote address at the Web Summit tech conference in Lisbon, Portugal, Huawei Rotating Chairman Guo Ping highlighted the company’s ambitions to be a global leader in 5G, adding the rollout of the new commercial networks is going “faster than expected.”

The 5G technology aims to bring faster speeds and lower lag times than previous networks like 4G and 3G. In addition to speeding up download times for consumers, 5G has been touted as a possible game-changer in industries like driverless cars or health care that require quick, reliable internet connections.

Guo said the applications and software built on top of 5G “are what generate true value.”

“This is a huge market worth trillions of U.S. dollars,” Guo said. “The biggest winners will be our partners.”


Company: cnbc, Activity: cnbc, Date: 2019-11-04  Authors: elizabeth schulze
Keywords: news, cnbc, companies, winners, executive, networks, faster, tech, guo, ping, portugal, technology, times, partners, biggest, huawei


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