Business Ethics Links 7-23-2016 The Establishment Verdict on Trump Edition

Washington Post Gives Establishment Verdict on Trump

Mr. Trump campaigns by insult and denigration, insinuation and wild accusation: Ted Cruz’s father was involved in the assassination of President John F. Kennedy; Hillary Clinton may be guilty of murder; Mr. Obama is a traitor who wants Muslims to attack. The Republican Party has moved the lunatic fringe onto center stage, with discourse that renders impossible the kind of substantive debate upon which any civil democracy depends.

Florida Investigates First Mosquito Transmitted Case of Zika

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The Establishment Verdict

A small failure of business ethics. 

The men are accused of making $3m profit by fraudulently trading currencies in advance of a client buying $3.4bn of pounds sterling in 2011, according to the complaint. They are accused of buying sterling in advance of the client’s transaction in a manner “designed to spike the price” to the benefit of HSBC “and at the expense of their client”. They also billed their client for $5m in fees for their work.

Money for Malaysian Economic Development Does Some Serious Traveling (and it’s not coming home, not ever) 

The 1MDB affair has stretched from Malaysia to Singapore, Abu Dhabi, Switzerland, the Caribbean, Hong Kong and the US. The suspected fraud occurred in three phases in which money was laundered through bank accounts in Singapore, Switzerland, Luxembourg and the US, the government said in the court filing.

In 2009, after 1MDB was set up to pursue development projects, officials of 1MDB and others, under the pretense of investing in a joint venture between 1MDB and a Saudi oil company, transferred more than $1bn to a Swiss bank account.
In 2012, 1MDB officials and others diverted proceeds raised through two separate bond offerings arranged by Goldman Sachs Group Inc, according to the justice department.

More than 40% of the proceeds, or $1.4bn, were transferred to a Swiss bank account belonging to a British Virgin Islands entity. More than $1bn was diverted from another bond offering arranged by Goldman Sachs in 2013.

Isn’t it strange that Goldman Sachs shows up so often in these things? jp

Do women make better politicians than men? 

It’s a shame more women don’t run for office, because they truly could improve America. Despite Christie’s accusation that Clinton is a “self-proclaimed champion of women” who helped Boko Haram abduct “hundreds of innocent young girls”, studies show female politicians are good for the world. For example, they tend to focus on providing childcare, healthcare and education, policies that help lift the disproportionate number of low-income women out of poverty. Women are also more collaborative colleagues. Christine Lagarde, the managing director of the International Monetary Fund, said they “inject less libido and less testosterone into the equation”, which can often lead to better results. Women in office obtain almost 10% more federal funding than male politicians and introduce about double the number of bills.

Ban the Box Fails??

White power is so pervasive in the US, even attempts to correct it are ruined. Take the recent push to “ban the box”, in which some local governments have made it so that employers can’t ask upfront if an applicant has been convicted of a crime. The idea was to address how the over incarceration of black people discriminates against us in the job market. But a recent study has found that when the box was banned, “the racial gap in callbacks by employers actually increased”, according to economist Amanda Agan.

Why? As NPR’s Shankar Vendantam explained: “When companies were not allowed to check on the criminal histories of applicants, what they did was they fell back on their stereotypes and said, black men are more likely to be associated with crime. So let me just reject black applicants more often or call back white applicants more often.”

Milo, the banned. 

Milo shows no remorse for the avalanche of misconduct he helped direct towards Leslie Jones, who is just the latest victim of the recreational ritual abuse he likes to launch at women and minorities for the fame and fun of it. According to the law of the wild web, the spoils go to those with fewest fucks to give. I have come to believe, in the course of our bizarro unfriendship, that Milo believes in almost nothing concrete—not even in free speech. The same is reportedly true of Trump, of people like Ann Coulter, of Boris Johnson and Nigel Farage: They are pure antagonists unencumbered by any conviction apart from their personal entitlement to raw power and stacks of cash.

 

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