The idea that companies exist solely to produce shareholder value can be traced to a 1970 editorial by Milton Friedman. Writing in Forbes, Steve Denning calls this The World's Dumbest Idea, and gives pretty comprehensive evidence to support that notion: "As often happens with bad ideas that make some people a lot of money, shareholder value caught on and became the conventional wisdom."
Shareholder value: world's dumbest idea
National Rifle Association files for bankruptcy, NRA will legally move from New York to Texas
RIP, NRA. Thoughts and prayers. The National Rifle Association has filed for bankruptcy, and the organization will legally move from New York to Texas, with plans to operate as a non-profit. The NRA lists assets and liabilities between $100 million and $500 million each, and its bankruptcy petition is signed by Wayne LaPierre. Here's the… READ THE REST
Unemployment claims in US jump to 965,000, highest since August
New U.S. unemployment numbers out today are bad, and it's because the pandemic is surging after the holidays. "The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs," reports AP: The latest figures for jobless claims,… READ THE REST
CISA, FBI, NSA, ODNI: The 'likely Russian in origin' attack on USA was for 'intelligence-gathering'
A joint statement "on the recent significant cyber incident involving federal government networks" was just released by @CISA, @FBI, @ODNI, and @NSA — and their phrasing suggests the attack is still ongoing. "This work indicates that an Advanced Persistent Threat (APT) actor, likely Russian in origin, is responsible for most or all of the recently… READ THE REST
Get over 90 hours of top instruction on Calculus, Number Theory, and more with this Mathematics training package
Even if you're never broken out in a cold sweat at the thought of having to complete a problem, know this – math anxiety is 100% real. And we aren't just talking about 7-year-olds who suffer from stomach aches driven by their fear of math class. Turns out, even the anxiety of teachers who have… READ THE REST
This app can turn all your reading into a podcast so you can get more done
When you're toddling around the web, you probably can't go more than a click or two before bumping into some content you want to read. But, you've got a busy life, so the list of articles and other assorted stuff that you'll "read later" just gets longer and longer and longer. Half of the reason… READ THE REST
The ES2 is both a Segway and a scooter. And handy. And a lot of fun.
Admit it…you've always wanted a Segway. Zipping up and down sidewalks and walkways. The easy, effortless spins, and the chance to experience the perfect combination of feeling like you're both walking and driving at the same time. But, for all their coolness, full-sized Segways weren't always practical to own if you weren't Paul Blart. Of… READ THE REST