March 11, 2021 0

The Losers of the GameStop Saga

By fondfeed

Slate’s Aaron Mak took the trouble to interview a group of people otherwise neglected by the media who happen to be the most directly concerned by the future of GameStop. As the pundits across the media landscape focused on the raging battle between a horde of Redditors and Melvin Capital, the employees in GameStop stores were left on the sidelines to ponder what this might mean for their future.

March 10, 2021 0

GameStop: Putting Skin Back in the Game

By fondfeed

Unless you live completely off the grid, you have most likely heard something about the GameStop boom last week. For those unaware, a hedge fund, Melvin Capital, held very large short positions against GameStop, a brick-and-mortar gaming store whose stock has been falling steadily over the past decade due to the rise of e-commerce. An otherwise reasonable bet made a turn for the worst for Melvin as online investors, fueled largely by a sub-Reddit, led to a buying frenzy, leading GameStop’s stock to rise from $76.79/share on Monday, January, to $347/share on the 27.

March 9, 2021 0

Is Wall Street a Wave or a Particle?

By fondfeed

There have been enough commentaries in the past week on the great GameStop affair to fill several editions of Encylopaedia Britannica and possibly Wikipedia as well. The Daily Devil’s Dictionary particularly appreciates an article penned by Alex Hern, the UK technology editor for The Guardian, for its accuracy of description. In one short paragraph, he provided a pithy account of the cultural context that produced the event. 

March 8, 2021 0

Will American Democracy Perish Like Rome’s?

By fondfeed

A recent The Economist cover pictured the 46th US President Joe Biden in front of the White House with a cleaning mop. The lead, “Morning after in America,” projects that “The outlook for America looks grim, but that could quickly change.” The venerable publication proclaimed from its powerful pulpit that Biden “should stick to his folksy brand of dogged centrism which is so well suited to the moment.” That gives him the “best chance of success.”

March 7, 2021 0

Sovereign Wealth Funds Bet Big on India

By fondfeed

Since the outbreak of COVID-19, bad news has dogged India on the economic front. By the end of the 2020-21 financial year, which begins on April 1 and ends on March 31, the country’s GDP is estimated to shrink by 7.7%, the biggest contraction since 1952. In the first quarter of the 2020-21 financial year, the economy contracted by a historic 23.9%.

March 6, 2021 0

Regulating the Fast-Changing Fintech Landscape

By fondfeed

Markets remain abuzz with fintech applications that have the power to reengineer the financial services world and, significantly, even alter the financial inclusion landscape. Over the recent years, there have been several global adoptions of innovative technologies to fashion new business models and offerings. These have been evidenced in payment services, mobile-based lending and money transfers, and are now fast spanning across other areas such as insurance, investments, wealth and asset management.

March 5, 2021 0

2021 Is the Year to Make Peace With Our Planet

By fondfeed

It’s time we all make peace with our planet — you and me, parents, professionals, leaders and the upcoming generation. All of us have to make 2021 the Year of Peace. Here’s why: We’re at war with our planet. Even if we declare a truce today and start to live more sustainably, it will take decades, if not centuries, for Earth to recover. 

March 4, 2021 0

It’s Time to Introduce a Universal Basic Income for India’s Farmers

By fondfeed

In September, India passed three bills that immediately led to protests by farmers demanding to repeal the legislation. The new laws seek to remove the government’s minimum support price for produce that shielded India’s farmers from free-market forces for decades. In allowing the farmers to set prices and sell directly to businesses, the reforms are pro-market and reflect the changing times. In a globalized era where the free market is king, India has to open its agricultural sector to the world sooner or later in order to take advantage of global demand for produce.

March 3, 2021 0

Why Is Foreign Investment Flooding Into India?

By fondfeed

For years, India suffered from what came to be called the “Hindu rate of growth” — a result of Jawaharlal Nehru’s policy choices. India’s first prime minister had a fascination for the Soviet Union and championed socialism. In India, this socialist economic model was incongruously implemented by a colonial bureaucracy with a penchant for red tape.

March 2, 2021 0

Can FinTech Hold the EU’s Capital Markets Together?

By fondfeed

As the European Union is approaching the Brexit endgame, the risk of further fragmentation is looming over its already fractured capital markets. The future composition of Europe is not the only force at play. Regulatory divergence, reignition of a trade war between the United States and China, the EU’s intended response to the situation in Hong Kong, the reassertion of national sovereignty in Europe’s separatist regions, declining trust in financial institutions or the backlash against globalization are all alive and kicking.