Curating the Internet: Business, leadership, and management micro-summaries for September 10, 2019

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Authored by @remlaps

Wesley Snipes is launching a tokenized $25 million fund for movie creation; Apple and Foxconn acknowledge breaking Chinese labor law; An op-ed arguing in support of the recent corporate values statement from the business roundtable; An argument that American policy towards healthcare has been making it more expensive and less accessible for decades; Instagram's purge may create opportunities for alternative platforms; Illustrating the impact that time frame has on an investor's perspective

Fresh Internet Content Daily: Welcome to my little corner of the blockchain

Straight from my RSS feed
Whatever gets my attention

Links and micro-summaries from my 1000+ daily headlines. I filter them so you don't have to.

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  1. Wesley Snipes Is Launching a Tokenized $25 Million Movie Fund - In addition to be an actor, Wesley Snipes is also a film producer and author, and he has a 5th degree blackbelt in Shotokan Karate. Now, he's extending his credentials to blockchain entrepreneur with his $25 million tokenized "Daywalker Movie Fund". According to the article, the fund will lower barriers to entry and enable movie fans to invest in movie production along-side of established Hollywood producers. The fund will be managed by Snipes and a panel of experienced fund managers.

  2. Apple and Foxconn confirmed they broke a Chinese labor law by employing too many temporary workers at the world's biggest iPhone factory - Investigators from China Labor Watch went under cover for as long as 4 years at Foxconn's factory in Zhengzhou. According to a report on Sunday, as many as 50% of the workers were temp workers, but China's law caps that number at 10%. The report also alleged other abuses, such as forced overtime. Apple and Foxconn denied most of the allegations, but acknowledged that they had too many temporary workers.

  3. Opinion: Shareholders should welcome CEOs’ strong new goals for U.S. business and capitalism - Last month, the business roundtable published a statement saying that businesses should focus on the needs of five groups of stakeholders: customers, employees, shareholders, suppliers, and communities. On one hand, the statement was criticized for watering down the responsibility of a corporation to its owners. On the other hand, a panel of 33 B corporations urged the panel to go even further, suggesting that the business roundtable's statement was symbolic and toothless. This author, Ann Skeet, argues that the statement just codified the reality that already exists, and that shareholder value shouldn't drive corporate policy, but arise from it. The article continues by arguing that this statement shows that the CEOs are properly accepting responsibility for moral leadership in their firms.

  4. How to Make Health Care Unaffordable and Inaccessible - When you increase demand, reduce supply, and insert 3rd parties between the consumer and the provider, it can only make a product more expensive and harder to obtain. The article argues that this is what American policies have been encouraging in the health care industry for decades.

  5. STEEM Instagram Purge Sends Content Creators Looking Elsewhere - The latest platfrom in the news for purging users over terms of service violations is Instagram. As reported here, by @doitvoluntarily, some users report losing as many as 11 million followers. This follows Tumblr's ban on adult contact and mass account removals on Facebook and Twitter. The post points out that this may be a recruiting opportunity for alternative platforms like those on the Steem blockchain. (A 10% beneficiary setting has been applied to this post for @doitvoluntarily.)

  6. STEEM Time frames matter - Deutsche Bank stock - Saw this one just as I was getting ready to schedule, so there's a bonus article for today. This post illustrates how time frames can change one's perspective by showing a series of graphs for Deutsche Bank's stock at time scales from 1 day through the entire historical record, and closes with the following advice: "The lesson here: If you're in doubt, zoom out! " (A beneficiary setting of 10% has been set on this post for @zuerich)

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