The Risks of Demonizing Silicon Valley

For years, the ascent of tech has broadly been viewed as positive, heralding an era of increased productivity and greater communication. But recently, the litany of corporate missteps and a general sense of power accreting to a few extraordinarily rich and powerful companies and the men–yes, largely men–who lead them has triggered a wave of criticisms of the once-Teflon culture of the Valley.

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A Laptop Ban Leaves Everyone Scared and No One Safer

After this weekend’s attacks in London, President Trump became embroiled in a spat with the city’s mayor, where the president criticized British authorities for not taking the threat of terrorism seriously enough. In its crude way, that confrontation underscored a deeper divide between the United States and much of the rest of the world over what taking terrorism seriously means.

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The Real Problem With Productivity is Measuring It

When it comes to productivity, only two things are undebatable: that the official rate of U.S. productivity growth has stalled since at least 2007, having started to slow before then, and that there is no consensus about why or what to do about it. There is, additionally, some broad consensus that without stronger productivity growth going forward

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Even if Apple Breaks $1 Trillion, It Won’t Stay on Top Forever

APPLE JUST BECAME the first US company to surpass $800 billion in market capitalization. Speculation quickly followed that Apple would soon become the first $1 trillion company, with a rumored $1,000 iPhone 8 coming at year’s end. The company’s share price has been on a tear since the beginning of the year, and sales of the iPhone 7

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What Apple Has to Fear from China

No company wants to report that its sales have declined. But when you’re Apple, which has consistently seen its revenues grow for more than twelve years, it’s not just bad news but a serious kink in a joyful narrative of boundless possibility. Earlier this week the company—the most valuable in the U.S.—told shareholders that revenues had declined by thirteen per cent.

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Market Stresses in 2015 Can Have Good Outcome

For the past few months, financial markets have been positioning for a change in Federal Reserve policy to move from “very easy and accommodative” to “easy and accommodative.” The decision of the Fed, finally, to raise short-term lending rates by 25 basis points was met with relief that months of will-they won’t-they were finally over. At the same time, the energy and commodity complex has continued to melt down as prices plummet. The result has been both an unusual amount of turmoil in fixed income markets and a rising chorus of voices anxiously drawing parallels to 2008-2009.

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Are Robo Portfolios Ready for Black-Swan Events?

We’ve seen a significant move away from how most people invested in the 20th century—actively and with the at times costly advice and direction of advisors and brokers—towards a more digitally enhanced, passively implemented set of strategies. Some of that trend is inevitable and a useful addition to the suite of options. But as we have said, and continue to maintain, the rush toward passive investing is not without issues, and it must be balanced. There can be too much of a good thing. Today’s rush towards passive, ultra-low cost investing solutions must be tempered with questions: What is being gained? What potentially could be lost?

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Beyond Silicon Valley

Silicon Valley is often held up as the gold standard of revolution and transformation, but what if replicating the Valley isn’t the point? Other hives of innovation and growth buzz around the country and in almost every city around the world. Where will innovation happen, and how will what we build change as its venue changes?

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The Uberization of Money

Imagine that you want to buy a home. You might find a real-estate agent to show you around, which is a very 20th-century way of doing things. Or you might go 21st century and use the Web to research prices and available properties and to take a few virtual tours.

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