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‘Pharma bro’ Martin Shkreli banned for life from drug industry

Michael Sisak & Jennifer Peltz, The Sydney Morning Herald, 17 January 2022

‘Pharma bro’ Martin Shkreli must return US$64.6 million in profits he and his former company reaped from jacking up the price and monopolising the market for a lifesaving drug, a US federal judge has ruled. Shkreli has also been barred from the pharmaceutical industry for...

Online privacy & technology shaping society

Big Ideas Podcast, ABC, 17 January 2022

This episode of the Big Ideas podcast explores how digital technology has kept us connected through the COVID-19 pandemic. However, it has also meant an increase in privacy concerns. The podcast investigates whether rapid technological change demands a new social system, and if it is disrupting our social and political systems...

Walmart is quietly preparing to enter the metaverse

Lauren Thomas, CNBC, 16 January 2022

Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods. In a statement, Walmart said it is “continuously exploring how emerging technologies may shape future...

Why a wide-scale return to the office is a myth

Alex Christian, BBC, 15 January 2022

For two years, employees have been waiting for ‘the day’ when everyone goes back to the office. The expectation was that once the pandemic had ended, everyone would collectively resume pre-Covid patterns of office-based working - yet that’s not how things have turned out. Two years on, employees around the world continue to face ongoing...

The new age of interventionism - the big state is back in business

Money Talks Podcast, The Economist, 13 January 2022

In this episode of Money Talks, the panel discusses how governments around the world are deciding it is time to bring big business to heel. The podcast also explores how a suite of old tools is being dusted off and reimagined—from a return to picking winners to turning the century-old global tax system on its head, implying the big...

How old laws are being used to shut down independent journalism in Hong Kong

An-Ho Lai & Yuen Chan, NiemanLab, 12 January 2022

Hong Kong has never been a democracy, but it was home to a vibrant media scene and enjoyed the free flow of information. This is the case no more. The National Security Law (NSL), unilaterally imposed by Beijing in 2020, cracked down on protest and effectively outlaws dissent. This law chills free speech and has already forced the closure of...

Adam Grant on the power of knowing what you don’t know

This Working Life Podcast, ABC, 11 January 2022

In this episode of This Working Life, organisational psychologist and professor Adam Grant, from The Wharton School of the University of Pennsylvania, explores how to stay curious, find comfort in being wrong and create a "challenge circle" of people who actively challenge your beliefs. He also argues in today's rapidly changing work...

China Evergrande abandons corporate headquarters

Yusuke Hinata & Kenji Kawase, Nikkei Asia, 10 January 2022

Embattled property company China Evergrande began removing its name from its corporate headquarters in Shenzhen on Monday. In a statement, the company said it had moved to a building it owns elsewhere in Shenzhen to save on rent amid its cash crunch. Evergrande is struggling with over $300 billion in debts, including around $20 billion in...

Will workers continue to pay a price for flexibility?

Katie Bishop, BBC, 10 January 2022

Employees with non-traditional working arrangements have been punished in pay and promotions alike. It’s almost hard to remember a time before the pandemic when working flexibly was the exception, rather than the norm. Business leaders and decision-makers who might previously have frowned on flexible working have had the chance to experience a...

James Hardie CEO sacking highlights falling tolerance for workplace bullies

Patrick Hatch, The Sydney Morning Herald, 09 January 2022

Bosses who intimidate and humiliate staff have been put on notice, as management experts say companies and employees are losing tolerance for workplace bullies. The $23 billion ASX-listed building materials giant James Hardie Industries shocked shareholders last week by firing chief executive Jack Truong over his “intimidating, threatening” and...