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Toyota’s new execs see a crisis

“Toshimitsu Imai, the new CEO of Toyota’s Africa operations, comes from group trading company Toyota Tsusho Corp” writes Hans Greimel for autonews.com. Some of Toyota’s newly named executives at their first public gathering last week: Although from different backgrounds and even different companies, they all share President Akio Toyoda’s view that an industry crisis is looming.Photo credit: HANS GREIMEL Some of Toyota’s newly named executives at their first public gathering last week: Although from different backgrounds and even different companies, they all share President Akio Toyoda’s view that an industry…

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Flint water prosecutors about to rest in preliminary exam for DHHS director

“FLINT, MI — Special prosecutors are about to rest their case in the preliminary examination for Nick Lyon, the Michigan Department of Health and Human Services director charged with involuntary manslaughter for his role in the Flint water crisis” writes Ron Fonger for mlive.com. Henry, environmental health division director for the county, has testified for the prosecution in the cases of against both Lyon and Dr.”We made mistakes,” Henry said of the county’s handling of the water crisis. Source: mlive.com Share This:

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Markets News 

Major apartment developer: ‘There is an acute crisis headed our way’

“That is not happening outside the luxury market, where rent increases are still strong due to low supply” writes Michael Nagle for cnbc.com. In the middle income and the lower income markets, people are spending proportionally more on their rent – so much so I believe there’s an acute crisis headed our way.”.  Source: cnbc.com Share This:

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Hyperinflation meets tech: Cash-scarce Venezuela sees boom in payment apps

“Some 18 private Venezuelan banks last year launched an electronic payment app for consumers” writes Midwest Communications Inc for 95kqds.com. Vippo, a Caracas-based payment app, saw a more than thirty-fold increase in the number of people registering last year.”This is the way to solve the cash crisis,” she says, pointing to a Vippo sign.”The cash crisis is getting worse every day but is giving us the opportunity to capture more and more transactions with our solution,” said Citywallet co-founder Atilana Pinon, 29.In tech hubs from San Francisco to Tokyo, payment…

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Corruption Currents: South Africa Enters Crisis Amid Power Struggle

“The banking regulation known as the Fundamental Review of the Trading Book represents a significant update to the market risk capital requirements for financial institutions” writes Samuel Rubenfeld for wsj.com. The impact of the regulations likely will be felt beyond the risk management function, with the front office, finance and IT significantly affected. Learn several key components of the requirements—including the new standardized approach—as well as potential compliance, management and board issues that could emerge as institutions prepare to implement the rules. Source: wsj.com Share This:

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The states damaged by the financial crisis still stand out a decade later

“A decade later, echoes of the financial crisis still linger in mortgage debt data, according to research released by the New York Fed on Tuesday” writes Senior Economics Reporter for marketwatch.com. Some states, like Texas, North Dakota and Delaware, have mortgage balances more than 10% above their previous peak.The report found that states hit hardest by the Great Recession continue to have subdued mortgage balances relative to other states that avoided the turmoil.Overall mortgage debt increased $139 billion last quarter, the largest increase since the first quarter.Mortgage debt remains 4.4%…

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Echoes of financial crisis still linger in latest mortgage debt data

“A decade later, echoes of the financial crisis still linger in mortgage debt data, according to research released by the New York Fed on Tuesday” writes Senior Economics Reporter for marketwatch.com. Overall mortgage debt increased $139 billion last quarter, the largest increase since the first quarter.Some states, like Texas, North Dakota and Delaware, have mortgage balances more than 10% above their previous peak.Mortgage debt remains 4.4% below the previous peak reached in the third quarter of 2008.The report found that states hit hardest by the Great Recession continue to have…

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A tropical nation is putting India’s foreign policy ambitions to the test

“A simmering political crisis in the Maldives, a luxury travel hotspot, has evolved into a litmus test for India’s foreign policy intentions in Asia” writes unknown author for cnbc.com. Tightening his grip on power, Yameen jailed high-ranking members of the judiciary, including Supreme Court Justice Ali Hameed, as well as former President Maumoon Abdul Gayoom. Source: cnbc.com Share This:

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The man who predicted the 2016 fake news crisis says worse is to come

“In 2016 technologist Aviv Ovadya was one of the first to try to warn the world about the growing threat of fake news on social media” reports fastcompany.com. And depending how far you look into the future it just gets worse.” That future, according to Ovadya, will arrive with a slew of slick, easy-to-use, and eventually seamless technological tools for manipulating perception and falsifying reality, for which terms have already been coined–“reality apathy,” “automated laser phishing,” and “human puppets.” Already it looks like that future is arising. Source: fastcompany.com Share This:

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