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Coronavirus Hastens the Rise of the Cashless Economy

Source: Bloomberg

Across the globe, Covid-19 is fueling the rise of  the cashless economy as employees and consumers alike worry that the direct handling of paper currency could spread the coronavirus.But while the change means convenience and fewer virus worries for some, concerns abound for people who don’t have sufficient bank, credit or digital access. In the U.K., the consumer…

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The Big 4 audit firms keep failing. Now they’re being forced to change

Source: CNN Business

The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals.The move is meant to ensure that audit practices are focused on “delivery of high-quality audits in the public interest,” and do…

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5 Stoic Lessons On Time Management

Source: Daily Stoic

American jazz icon Miles Davis once said, “Time isn’t the main thing, it’s the only thing.” Seneca once wrote that it’s not that we have a short time to live, but that we waste a great deal of it. We all envelop ourselves in various forms of escapism, hoping either to postpone our responsibilities or avoid them altogether.…

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Why Deep Investment In Automation Results In More Jobs

Source: Forbes

“We can see that industrial robots increase employee wages and increase productivity and that the number of jobs for low-skilled employees, and also to some extent for the medium-skilled, decreases, while job opportunities for the highly skilled increase,” the authors say. “The process of machines replacing human labor is not something that is new,” they say. “It’s been…

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