Will it last and why have stock markets been shrugging off political developments? A slew of companies have cut off all funding to political parties in the wake of Trump-supporting mobs storming Capitol Hill after the President and other Republican politicians claimed the US election had been stolen. The list of firms who’ve halted funding through their political action committees - or PACs as they’re known - is long. JP Morgan Chase, Citigorup, Facebook, Microsoft, American Express, Morgan Stanley, the chemical company Dow, the hotel chain Marriott and the card company Hallmark which went a step further, admonishing their local senators. Manuela Saragosa speaks to Jason Karaian from the New York Times newspaper who says his paper has run an editorial calling on the country to look again at how corporate America funds the country’s politics. Plus Mohamed El Erian tells her why the share markets were unfazed by all of this.(Picture: US President Donald Trump. Credit: BBC.)
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Folge vom 14.01.2021Trump: The corporate backlash
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Folge vom 13.01.2021Should Trump be banned from social media?President Trump's ban from various social media raises the question of their regulation. Are they right to ban him, and what are the implications? We ask Nancy Mace, a newly elected Republican representative of South Carolina. Cory Doctorow, blogger, author and activist in favour of liberalising copyright laws, says that Apple and Google can't blame inadequate moderation for their banning of social network Parler on their platforms. And we hear from Professor Shoshana Zuboff, author of a book The age of surveillance capitalism, who thinks the law will bring the beginning of the end of 'Big Tech'. .(Picture: Trump's Twitter profile showing the account is suspended. Credit: Getty Images.)
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Folge vom 12.01.2021Forced labour in supply chainsChina is forcing hundreds of thousands of Uighurs and other minorities into hard, manual labour in the vast cotton fields of its western region of Xinjiang, according to BBC reports. As a result, apparel companies are facing mounting pressure to withdraw from economic ties with the region, and certainly to stop buying cotton from there. Chloe Cranston of UK-based Anti-Slavery International lays out the case for why companies need to avoid Xinjiang. But as we’ll hear from Andrew Morgan of veteran thread supplier Coats, even though the moral imperative is there, the apparel industry is not completely unified in motivation for change. And we’ll hear from two companies, boutique fashion brand Eileen Fisher and global furniture mainstay IKEA, on their efforts to have an ethical supply chain. Producer: Frey Lindsay(Picture credit: Getty Images)
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Folge vom 11.01.2021Choosing a career: Don't follow your passion?When it comes to choosing a career, should you do what you love or learn to love whatever you do? A clip of Professor Scott Galloway of NYU Stern Business School saying "don't follow your passion" recently went viral. He tells us why you're better off finding something you're good at - and getting very good at it. Someone who did just that is Farid Gasanov. Instead of becoming a professional pianist and composer, he chose accountancy. But he now has his own firm and has time to compose pieces, and play them on the piano he has been able to afford.(Picture: Farid Gasanov playing his piano. Credit: Farid Gasanov.)