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Know an Economic Impact Of Coronavirus in 2021-25 – SoccerNurds | #bumble | #tinder | #pof | #onlinedating | romancescams | #scams

Source: National Cyber Security – Produced By Gregory Evans

Online Dating & Matchmaking Market overview: The statistical surveying report comprises of a detailed study of the Online Dating & Matchmaking Market 2021 along with the industry trends, size, share, […]

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#deepweb | Bernie Sanders is right, it’s time to redistribute economic power | Mathew Lawrence | Opinion

Source: National Cyber Security – Produced By Gregory Evans

Oligarchy rules the United States: the republic has been ransacked, its commonwealth privatised, and rentierism runs amok. The richest 10% of Americans capture an estimated 97% of all capital income – including capital gains, corporate dividends and interest payments. Since the financial crisis of 2008, almost half of all new income generated in the US has gone to the top 1%. The three wealthiest people in the US now own more wealth than the bottom 160 million Americans. And the richest family in America – the Walton family, which inherited about half of Walmart’s stock – owns more wealth than the bottom 42% of the American people.

The case for bold action is clear and overwhelming. Only a deep reconstruction of economic and political rights can challenge oligarchic power and halt runaway environmental breakdown. Fortunately, Bernie Sanders has just announced a new plan that matches the scale of the crisis.

His announcement on Monday of the corporate accountability and democracy plan is the latest and boldest proposal for economic democracy in America to emerge from the Democratic presidential race. At its core, it seeks to democratise the company by redistributing economic and political rights within the firm away from external shareholders and executive management toward the workforce as a collective. This is about redistributing wealth and income, but critically, it is also about redistributing power and control. Democratising the company would transform it from an engine of wealth extraction and oligarchic power toward a genuinely purposeful, egalitarian institution, one where workers would have a collective stake and say in how their company operates, and would share in the wealth they create together.

The Sanders plan would transform and democratise economic and political rights by fundamentally rewiring ownership and control of corporate America. Companies would be required to share corporate wealth with their workers, transferring up to 20% of total stock over a decade to democratic employee ownership funds. The monopoly on voting rights that private external shareholders and their financial intermediaries have benefited from would be ended; employees would be guaranteed the right to vote on corporate decision-making at work, and have a voice in setting their pay, regardless of the kind or size of company or firm they work for. Corporate boards would be democratised, with at least 45% of the board of directors in any large corporation directly elected by the firm’s workers. And the outrageous power of asset management – whose actions have done so much to accelerate the climate crisis by continuing to invest heavily in fossil fuel companies – would be ended. Asset managers would be banned from voting on other people’s money – the collective savings of millions of ordinary workers – unless following clear instructions from the savers.

Taken as a whole, Sanders’s plan would radically re-engineer how the company is controlled and for whom. The echoes with Labour’s agenda for democratising economic power is obvious, particularly John McDonnell’s inclusive ownership fund proposal, and further evidence of an increasingly fertile transatlantic pollination of ideas and practice, from the Green New Deal to movement building. Common Wealth, the thinktank that I am the director of, is another example of this, committed to designing ownership models for the democratic economy on both sides of the Atlantic. In this, at least, there is much to learn from the right; Anglo-American conservatism and the new right have long shared intellectual and organisational resources and common aims, from the incubation of neoliberalism, to current salivations over a disaster capitalism-style US-UK trade deal. It is time progressives did the same.

An emphasis on reimagining ownership and governance is a vital step forward. We face two deep crises – environmental breakdown and stark inequalities of status and reward – both sharing a common cause: the deep, undemocratic concentration of power in our economy. Working people lack a meaningful stake and a say in their firm. Corporate voting rights are near-monopolised by a web of extractive financial institutions. The needs of finance are privileged over the interests of labour and nature. Tinkering won’t address this deep imbalance in power. To build an economy that is democratic and sustainable by design, we need to transform how the company operates and for whom.

For the left, remaking corporations must be at the heart of a radical agenda. The company is an extraordinary social institution, an immense engine for coordinating production based on a complex web of relationships. The critical question is who controls how it operates and who has a claim on its surplus. Today, the answer is a combination of shareholders, institutional investors and executive management; the company has been captured by finance and extractive economic practices, but it doesn’t have to be that way.

The company – and the distribution of rights within it – are neither natural nor unchangeable. There is nothing inevitable about the existing, sharply unequal distributions of power and reward within them. The company is a social institution, its rights and privileges publicly defined. We can organise it differently: through social control, not private dominion, via democracy, not oligarchy. Sanders’s announcement is an important step toward that democratisation, and the deeper economic reconstruction that both people and planet deserve.

Mathew Lawrence is director of the thinktank Common Wealth

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Hackers cyberattack companies for economic and personal gain

Source: National Cyber Security – Produced By Gregory Evans

With cyberattacks gaining speed each day, being aware of weaknesses in your company’s infrastructure is even more important. Here’s why hackers are targeting your companies. TechRepublic’s Dan Patterson talked with LastWall’s CEO and co-founder Karl Holm and organizer of the 2017 Cybersecurity Summit Ryan Brack about the motivation of hackers….

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Hong Kong firms fear cybersecurity and economic risks most, says survey

Source: National Cyber Security – Produced By Gregory Evans

Cybersecurity, economic downturn, regulatory and financial risks are Hong Kong executives biggest worries in 2017, a survey looking at the extent to which Hong Kong-listed companies have embedded risk management in their businesses found. Findings in the report of the survey by KPMG and the Hong Kong Institute of Chartered…

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The Big Chill: Don’t Let Cybersecurity Threats Slow Productivity & Economic Growth

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Source: National Cyber Security – Produced By Gregory Evans

The Big Chill: Don’t Let Cybersecurity Threats Slow Productivity & Economic Growth

Trust is an essential underpinning of life in the digital age. We trust our friends on Facebook not to share our private family photos. We trust our email clients and antivirus software to keep viruses and spam at bay. But for many people, the risks of using the internet are scary enough to curb their […]

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After the Party Congress: What to Make of North Korea’s Commitment to Economic Development?

Source: National Cyber Security – Produced By Gregory Evans

It comes as a surprise to no one that North Korea’s newly concluded 7th Party Congress was more “show” than “tell,” but the gathering succeeded as a platform for Kim Jong Un to cement his leadership legitimacy and broad policy for governing. By pulling off the event without a hitch and taking the microphone for […] After the Party Congress: What to Make of North Korea’s Commitment to Economic Development? is an article from 38 North: Informed Analysis of North Korea, published by the US-Korea Institute at SAIS. View full post on 38 North: Informed Analysis of North Korea

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Millennials to Drive Economic Prosperity in Coming Years, According to Atherton Lane Advisers, LLC

MENLO PARK, CA–(Marketwired – August 31, 2015) – Atherton Lane Advisers, LLC® (“Atherton Lane”), a leading investment management firm, dedicated much of its recent quarterly newsletter to the underappreciated emergence and importance of the Millennial generation. Millennials, also referred to as “Generation Y,” are the children of the “Baby-Boomers”, and they now represent the largest proportion, nearly 29%, of the U. Read More….

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Cyberattack on U.S. Power Plants Could Cause $1T in Economic Damage

Source: National Cyber Security – Produced By Gregory Evans

Let’s imagine an “improbable, but not impossible” cyberassault on the U.S. power grid. A shadowy group of skilled and malicious actors spend years implanting a piece of malware, dubbed the “Erebos” trojan, in the control systems of power plants across the Northeastern United States. It determines which of them haven’t yet installed hardware to prevent a type of cyber-enabled assault that’s been known to the industry for nearly a decade. Then, on one fateful day, they activate the malware, causing up to 50 power-plant turbines to overload and burn out, blacking out the power grid between Chicago, New York City and Washington, D.C., and leaving 93 million people across 15 states without electricity. While some power is restored within 24 hours, it takes weeks for the rest — and the cost to the U.S. economy adds up to $243 billion, or in a worst-case scenario, nearly $1 trillion. That’s the scenario that “Business Blackout,” a joint report by Lloyd’s and the University of Cambridge’s Centre for Risk Studies, lays out for a utility industry that’s seeing cyberintrusions rise at an unprecedented pace. It also takes on the challenging questions of how to invest in protecting utilities against cyberthreats that are […]

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