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Facebook Can’t Be Trusted. It’s Time to Regulate It - By Nicholas Economides
Using public data posted on a web site is legal. This is the bread and butter of Internet marketing companies. But according to a recent New York Times investigation, Cambridge Analytica collected data from Facebook users and their friends without consent, leaving both companies potentially liable for their actions.
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A 'Dangerous Situation' at Facebook Could Get 'Much Worse' - By Vasant Dhar
Social media platforms that can be used as weapons by malicious parties need to be regulated. As we process the details unfolding around what truly happened at Cambridge Analytica and Facebook, it becomes increasingly apparent that we have allowed a dangerous situation to develop, but that things could get much worse unless we take immediate steps to address the larger risks associated with social media platforms.
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What Many Entrepreneurs Wish They Had Known Earlier - By Melissa Schilling
’ve researched and taught innovation strategy for 20 years, and I’ve spent a great deal of time advising startups, reviewing business plans and helping people think through their innovative and entrepreneurial ideas along the way. I’ve also witnessed how resulting businesses progressed; many were abandoned, some became modest-sized and a select few soared to multi-million-dollar successes.
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Why The Trump Tariff Increases Are All Wrong - By Roy Smith & Ingo Walter
It’s hard these days to find anyone concerned with the national interest who hasn’t been raised on the idea that tolerably efficient markets are better than rigged markets. Properly structured, they help ensure that resources are put to best use and the public has access to the best products and services at the best price.
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How to Partner with Outside Innovators in Health Care - By Melissa Schilling
In my 20 years of researching and teaching innovation, one consistent theme stands out: breakthrough innovation often comes from outsiders. To accelerate innovation in healthcare technology we need to give creative people who don’t have traditional health science backgrounds more opportunities to participate.
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Data Portability And Competition Between Technology Platforms - By Robert Seamans
A number of commentators and policymakers have argued recently for regulatory measures to reduce the power of dominant technology platforms in the domain of user data. These regulatory measures—which range from the forced break-up of Google and Facebook to the social graph portability of all user data—have similar goals in mind: reduce the market power of these digital platforms and inject a modicum of competition so as to ultimately benefit end-users.
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The Blockchain Pipe Dream - By Nouriel Roubini
Predictions that Bitcoin and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology. Yes, the argument goes, over half of all “initial coin offerings” to date have already failed, and most of the 1,500-plus cryptocurrencies also will fail, but “blockchain” will nonetheless revolutionize finance and human interactions generally.
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Elon Musk Fires Back at Steven Pinker Over the Future of AI - By Melissa Schilling
Elon Musk has frequently expressed concerns about artificial intelligence (AI), noting for example that robots will be able to do everything better than humans, and machines could start a war.
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The Costs of Home-Sharing Platforms - By John Horton and Apostolos Filippas
Research from NYU Stern Professor John J. Horton and PhD candidate Apostolos Filippas delves into the negative externalities of apartment-sharing: short-term rentals can impose costs on neighboring tenants including noise, disregarding building rules, common resource congestion, and uncertainty.
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Is the Three-Person Independent Audit Committee Requirement Superfluous? - By April Klein
Since 1999, the Securities & Exchange Commission has required corporate boards to maintain no fewer than three members on their audit committees, and no audit committee member must bear any relationship to the company “that may interfere with the exercise of their independence from management and the company.
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Let’s Hear It For New York’s Subway - By Ingo Walter
For a habitual subway user in Manhattan since 1970, the drumbeat of criticism can get a bit much. Words like crumbling, obsolete, filthy, rat-infested and unreliable roll as easily off the tongues of hassled straphangers as the above-ground chattering classes in their limos and Ubers.
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American Medical Association’s Role in Medicare Payments - By Michael Dickstein
NYU Stern Professor Michael Dickstein’s research paper, “Industry Input in Policymaking: Evidence from Medicare,” investigates how the composition of the American Medical Association’s Relative Value Scale Update Committee (RUC) influences the prices Medicare pays physicians.
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Pessimism Amid Plenty - By A. Michael Spence
A few years ago, I wrote a book called The Next Convergence, about how developing economies were “catching up” to their advanced counterparts in terms of income, wealth, health, and other measures of wellbeing. I looked not just at how these countries had achieved rapid growth – including the central role played by an open global economy – but also at the opportunities and challenges this process of convergence would bring.
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Financing intangible capital - By Kim Schoenholtz
When most people think of investment, what comes to mind is the purchase of new equipment and structures. A restaurant might start with construction, and then fill its new building with tables, chairs, stoves, and the like. This is the world of tangible capital.
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2 Insights Entrepreneurs Can Take From Marty Crane - By Allen Adamson
John Mahoney, the wonderful actor who played Martin Crane, the cantankerous but lovable father of the insufferably snobby Frasier and Niles Crane on the series Frasier, died February 4.
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