“Business isn’t trusted anymore. After mis-selling scandals, the Libor-fixing racket and wayward lending in the boom that led to the financial crisis, trust in banks and bankers seems at or near all-time lows. Food producers and retailers are distrusted over contamination scares, industry is suspected of carbon emissions and other environmental crimes and the brave young world of technology too is tarnished by privacy and data security scares that threaten to restrict its ambitions to hold and transact ever more valuable information in the age of big data. In pretty much every sector, consumer and business trust equals some sort of licence to operate. So what are companies to do when such a licence has been abandoned or mislaid? Time to send in the ‘A’ Team?” MORE
Today is Armed Forces Day — a national day to celebrate members of our military for their service to our country.
When President Harry Truman designated this day a holiday in 1951, he requested that his fellow citizens “display the flag of the United States … and by fitting exercises to demonstrate their recognition of the gallantry, sacrifice, and devotion to duty of the men and women of the armed forces.”
The U.S. unemployment rate in October edged lower, to 5.8% from 5.9%, signaling continued improvement in the job market, the government reported today.
Overall, the economy added 214,000 jobs for the month, in line with gains over the past year.
The Bureau of Labor Statistics report is consistent with a slow but steady economic recovery.
Economists had forecast a slightly larger increase in jobs but no change in the unemployment rate.
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