Google is under investigation over ‘unfair labor practices’ by the Labor Board

Technology

Over the past month, Google has found itself in yet another problematic situation with its employees. It started when some employees of the tech giant protested outside its headquarters in San Francisco over the suspension of two activist employees, Rebecca Rivers and Laurence Berland, who were put on leave for — what some employees are arguing — speaking out against the company. Since the protests, both Google employees have been fired, as well as two others involved. In response, the fired Googlers, the ‘thanksgiving four,’ filed labor charges against the tech giant accusing the company of letting them go for…

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Police arrest head of $2.7M Ugandan cryptocurrency scam

Technology

Police have arrested one of the directors of a cryptocurrency startup in Uganda that closed suddenly and made off with investors‘ money. A Mr Samson Lwanga, director of Dunamiscoins Resources Limited, was arrested last week and should appear in court later this week, local news reports. It’s reported that the scam managed to con 10 billion Ugandan shillings ($2.7 million) out of victims. The authorities are still on the look out for the other four directors of the company. Like numerous other cryptocurrency-based scams, Dunamiscoins promised investors and employees large returns in a short space of time. However, after a…

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Letter: Thrilled that we’re on the verge of a treatment for dementia

Health

Promising drug to treat
dementia offers hope

Re: “Drug can curb dementia’s delusions, researchers find” (Page A9, Dec. 5):

I was thrilled to read we are on the verge of an approved treatment for dementia-related psychosis.

My mom died of Lewy body disease and Alzheimer’s this year. During the course of her disease she suffered from terrible hallucinations and delusions.

I’ve served families for 25 years at the Alzheimer’s Association in Northern California, and am now the executive director. In spite of that, I. too, felt helpless in the face of my mom’s disease and especially these symptoms.

To see promising treatments coming to market gives me hope for the future.

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We have to keep up the work of fighting for Alzheimer’s families. Please vote for state and federal representatives who support Alzheimer’s public policy initiatives. Volunteer, raise funds, do what you can to help us keep up the momentum. Stay informed at alz.org. We are making progress.

Elizabeth Edgerly
Executive director
Alzheimer’s Association, Northern California and Northern Nevada Chapter
San Jose

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Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus season.

News
James Gorman Morgan Stanley House Financial Services

Morgan Stanley is cutting 1,500 jobs, or roughly 2% of its workforce.
People familiar with the matter told CNBC that the cuts will largely hit technology and operations, while Bloomberg reported that some of the cuts will also affect sales trading and research.
“Wall Street firms often cut jobs toward the end of the year to avoid paying out bonuses,” CNBC wrote. There may be more to come, it said.
The news of Morgan Stanley’s reduction in headcount comes after a slew of job cuts from around the world, numbering more than 60,000.
A Morgan Stanley spokesman declined to comment to Business Insider.
View Business Insider’s homepage for more stories.

Wall Street giant Morgan Stanley is cutting 1,500 jobs or roughly 2% of its workforce, in an efficiency drive to help combat economic uncertainty.

People familiar with the matter told CNBC that the cuts will largely hit technology and operations, while Bloomberg reported that some of the cuts will also affect sales trading and research. The bank employs more than 60,000 people.

Bloomberg added that the bank will take a charge of roughly $150 million to $200 million in the fourth quarter as part of the cuts.

There may be more to come.

“Wall Street firms often cut jobs toward the end of the year to avoid paying out bonuses,” CNBC wrote. “Morgan Stanley is the first known instance of this, but other firms will likely announce cuts as planning for 2020 continues.”

Morgan Stanley declined to comment to Business Insider.

The bank’s stock has rallied in 2019, rising more than 22% since the start of the year. Morgan Stanley smashed expectations in its most recent earnings results, as sales and trading revenue rose 10%.

The news of Morgan Stanley’s reduction in headcount comes after a slew of job cuts, especially among European …read more

Source:: Business Insider

      

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