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Archive for 6. Dezember 2019

Google Management Shuffle Points to Retreat From Alphabet Experiment

Posted by hkarner - 6. Dezember 2019

Date: 06‑12‑2019

Source: The Wall Street Journal

Founders’ step away mirrors broader shift as Silicon Valley faces backlash against big tech

Sundar Pichai . His ascent to CEO of Alphabet Inc. comes as the company shifts toward being more like a conventional corporation.

Sundar Pichai’s appointment this week as chief executive of Google GOOG 0.57% parent Alphabet Inc. effectively shifts the focus back on the company’s advertising profit machine and away from its “moonshots” and other potential new businesses.

Mr. Pichai’s promotion late Tuesday amounted to the biggest managerial overhaul of the internet giant since 2015, when co‑founders Larry Page and Sergey Brin created Alphabet as a parent company above Google. Their goal then was to make Google and its highly profitable advertising businesses just one of many subsidiaries. The stated purpose, as they said in a public letter: “We are still trying to do things other people think are crazy.”

Those goals were on‑brand for the two former Stanford University graduate students. They famously celebrated a “don’t be evil” ethos and were working on driverless cars, wearable computers, beating death and a host of other money‑losing projects. The idea was to free the duo from the day‑to‑day at Google, which remains a profit machine, to build out new, world‑changing ideas. Den Rest des Beitrags lesen »

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Trump Leaves NATO Summit After Video Flap

Posted by hkarner - 6. Dezember 2019

Date: 05‑12‑2019

Source: The Wall Street Journal

U.S. president calls Canada’s Justin Trudeau ‘two‑faced’

LONDON—President Trump called Canadian Prime Minister Justin Trudeau “two‑faced” after a video emerged of a group of NATO leaders discussing the U.S. leader without him present, rattling a summit to mark the 70th anniversary of the alliance.

The bickering among Mr. Trump and U.S. allies has become a common motif of international summits as NATO members have grown increasingly divided on a host of issues, including Mr. Trump’s demand that allies lift their military spending to meet NATO’s recommendation of 2% of GDP. That is a longstanding source of tension between Washington and European capitals, many of which argue that a single figure doesn’t capture the extent of their contributions to the alliance.

The video, which was taken at a reception at Buckingham Palace Tuesday evening, captures U.K. Prime Minister Boris Johnson asking President Emmanuel Macron of France why he was late to the reception. Mr. Macron had come from a meeting with Mr. Trump who earlier in the day had held impromptu news conferences on the margins of his bilateral meetings with the Canadian and French leaders.

Mr. Trudeau chimed in, saying: “He was late because he takes a 40‑minute press conference.” Den Rest des Beitrags lesen »

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Why Countries Should Tax Global Income

Posted by hkarner - 6. Dezember 2019

Ricardo Hausmann, a former minister of planning of Venezuela and former Chief Economist at the Inter-American Development Bank, is a professor at Harvard’s John F. Kennedy School of Government and Director of the Harvard Growth Lab.

More inclusive global growth in a world with free capital mobility does not require a “global” government that taxes and redistributes, but it does require global taxation and tax cooperation. Countries should be free to set their own taxes, but they should be required to share tax-relevant information.

CAMBRIDGE – If you are a citizen of a country, should you pay taxes on the income you earn only within that country’s geographical limits, or on all the money you earn, independently of where? The United States, Mexico, India, China, and Chile tax global income. Western Europe, Japan, Canada, Peru and Colombia tax territorial income. If the world moved toward global taxation and enhanced some incipient information-sharing mechanisms, the impact on inclusive growth, especially in the developing world, would be very positive.

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