Chief political aide Dominic Cummings and PM Boris Johnson clashed this week over scrapping the obligatory license model for the British Broadcasting Corporation (BBC). Johnson believes it needs a “good pruning back” while Cummings is after doing away with it altogether and forcing it to stand on its own under a “subscription model”. Ex-culture Select Committee chairman Damian Collins believes … Read More
Passives Will Tank the Global Economy
After Blackrock bought Barclays ETF department in the Great Recession a decade ago, they have pushed passive investing to the hilt. Especially to Millennial investors by appealing to be cheap, diversified, steady yielding but most crucially make investing accessible and appealing. What are the dangers? // IMC Mark Cuban says that as long as money flows into passive funds, they … Read More