April 25, 2021

Day: April 25, 2021

Stop using your work laptop or phone for personal stuff, because I know you are

In the age of remote work, it’s easier than ever to blur the lines between our personal and professional tech. Maybe it’s sending personal texts or emails from your work phone, editing personal documents or photos on your work laptop, or joining a virtual happy hour with friends from your work tablet.

None of these actions may sound like a particularly risky activity, but as a former “IT guy” I’m asking, nay pleading, with you to stop doing them. At least the potentially more hazardous activities, such as storing personal data on your work machine or storying sensitive company data

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Welcome to Boxville: Chicago’s first business incubator built out of shipping containers

CHICAGO — When Bernard Loyd founded Boxville on a collection of vacant lots on Chicago’s South Side several years ago, he had no idea it would become a community hub for the Bronzeville neighborhood and one of the city’s fastest growing business incubators.

“Boxville has doubled every year (since 2016),” said Loyd.

In the past year, the incubator grew from hosting 4 businesses to now hosting 9. They’ll be welcoming even more small business owners by the end of the year.

From bike repairs to haircuts, groceries to tacos and hot dogs, running gear to spiritual guidance, you can shop

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Private equity is buying up annuity and life insurance policies

mdphoto16 | E+ | Getty Images

Private equity firms are buying up insurers — and the policies they hold — at a feverish pace.

Some groups, namely financial advisors, fear the trend may be bad for consumers who own annuity and life insurance contracts.

Critics are concerned the buyers will wring profits from customers — via higher costs — to boost returns for their investors. Consumers may have owned such insurance for years and depend on a certain price for their financial plans.

They may have bought a policy based on an insurer’s financial strength or credit rating. New buyers

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Expert calls on China, Japan to end financing of overseas coal plants

Rich countries like China and Japan need to stop financing coal-powered plants in poorer nations in the fight against climate change, according to Rachel Kyte, who previously served as special representative of the United Nations secretary-general and chief executive officer of Sustainable Energy for All.

Kyte, who is now dean of The Fletcher School at Tufts University, said “coal has no place in the race to net-zero” carbon emissions by 2050. 

“We need those countries that have coal to manage their own energy transitions. And we need to stop financing coal into countries, especially low income countries,” she told CNBC’s

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The Greatest Business Non-decision Ever (Not) Made

The landscape of history is strewn with the detritus of bad decisions.

There was the Trojan War, Chamberlain’s appeasement, the Bay of Pigs, Ford’s Edsel, France’s Maginot Line, and Kodak’s denial that digital photography would replace film.

Even more unimaginably, in July 1962 Decca Records rejected the Beatles in favor of Brian Poole and the Tremeloes.

Passing through history, we step over the rubble of bad decisions. That’s routine. But once in a while we find a massive boulder, not of a bad decision, but (worse) of a non-decision that should have been made, that a

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Singapore Names Wong Finance Minister in Cabinet Shake-Up

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Lawrence Wong was named Singapore’s next finance minister in a cabinet reshuffle Friday, boosting his prominence as the city-state reboots its leadership transition plan.

The appointment of Wong, 48, follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’s stepping aside as the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition,

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