Leo Sviridov

20 Flips | 1 Magazine | @LeoSviridov | Keep up with Leo Sviridov on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Leo Sviridov”

What Comes After Negative Rates? Helicopter Money

For central banks, fantasy monetary policy would mean handing out money directly to the population<p>When modern banking first emerged in medieval Italy, European mathematicians regarded negative numbers as absurd. Six hundred years on, the successors to the Medicis and Peruzzis face negative interest …

High Level

What Negative Interest Rates Mean for the World

As central banks worldwide take the plunge into negative rate territory, policymakers are keeping a close eye on the reaction across markets and economies<p>Central bankers around the world are pushing deeper into the once-unthinkable world of negative interest rates — essentially charging customers …

Interest Rates

African Internet Traffic To Grow Six-fold By 2020

Africa’s internet traffic will grow six-fold by 2020, when the Middle East and Africa internet traffic will be equivalent to 527 times the volume of the region’s in 2005.<p>Africa will also be the fastest growing region, according to the Cisco Visual Networking Index, which covers the years …

Ironman Suits Coming To Factory Floors

To compete with robots, workers need lots of help. The future of manual work is an exoskeleton suit that gives its wearer superhuman powers. And it’s coming faster than you might think.<p>Consultants have been pessimistic about the future of employment. The World Economic Forum recently estimated more …

Why John Oliver Is So Right on Retirement Plans, Advisers

You won’t get to retire, as HBO host John Oliver says, “on stockpiled Beanie Babies.” You can if you save diligently in your retirement plan, but you often have to get past conflicted financial advisers and your employer’s retirement plan to get there.<p>“You should know that 401(k)s can be a …

Toyota Prius Chief Engineer Signals Shift Towards Battery Electric Vehicles

The world’s largest carmaker might change its battery-skeptic position in the near future, a leading Toyota engineer said today in Tokyo. “Currently, a lot of electricity is still generated from fossil fuels. But this is shifting, and more and more carbon neutral electricity will be generated,” …

Alternative Fuel

Terrorism Suspect's Use Of 'Facebook Live' Stream Highlights Challenges Of Live Video

Facebook on Tuesday shut down the account of a suspected terrorist who live-streamed a video on “Facebook Live” in which he threatened attacks on the Euro 2016 soccer tournament. The social media company quickly removed the video from its platform.<p>The terrorism suspect, identified by Paris …

Alberta property markets could be a buying opportunity, but maybe not yet

What a fabulous buying opportunity. Or is it? After years of sharp price increases, the costs of Calgary houses are finally down nearly four per cent …

404

Loonie jumps, markets surge on strong jobs data | The Star

Among the losers was Gap Inc., down $3.93 or 14.20 per cent at $23.75 (U.S.) after the retailer said all three of its big chains — Gap, Old Navy and …

Business (Canada)

Toronto needs to speak up about Liberals’ health cuts

In the last six months, I, along with 11,000 other Concerned Ontario Doctors, have watched with mounting frustration as provincial politicians …

Canada’s oil industry to see biggest investment drop in 70 yrs

Oil and gas spending was expected to drop to $31 billion in 2016 from a record of $81 billion in 2014, according to CAPP, with the number of wells …

Trudeau among revellers at Greek Independence Day Parade

Thousands of people, including Prime Minister Justin Trudeau, turned up to celebrate the Greek Independence Day Parade on Sunday.<p>"Participation was …

Trump vows to 'break' NAFTA, but many workers may owe their jobs to free trade

Mention free trade at a Donald Trump rally and you won't hear a round of applause — the Republican frontrunner says he'd like to "break" the North American Free Trade Agreement to keep more jobs at home. His Democratic competitor, Bernie Sanders, calls NAFTA an "abysmal failure" for US workers.<p>But …

The inevitable debt crisis Canada’s not talking about

<i>Hilliard MacBeth is an Edmonton-based portfolio manager and the author of</i> When the Bubble Bursts: Surviving the Canadian Real Estate Crash.<p>A recent review has singled out Canada, along with six others, as the most indebted countries in the world. Our inclusion in this list isn't based on government …

Canadian dollar has likely ‘seen its worst,’ CIBC says

The worst is probably over for the Canadian dollar, even if “one slight dip” is still in the cards, CIBC World Markets says.<p>A new CIBC currency forecast still suggests a 70-cent loonie in the second quarter of the year, down from the recent 72- to 73-cent range, but it’s onward and upward from …