HSBC Prepares to Cut Trading Jobs in Paris

(Bloomberg) — HSBC Holdings Plc is exploring plans to cut the jobs of almost all its Paris-based bankers working on structured derivatives products, according to people familiar with the matter.

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The move would affect the equity and fixed-income derivatives teams, the people said, asking not to be identified discussing private information. It’s not clear how many jobs will be affected. Europe’s biggest bank aims to cut 255 jobs throughout the 678-person French investment bank by early 2022, Bloomberg News has reported.

Some jobs will be moved to Asia, where most clients for those products are located, the people said, adding that the plans aren’t yet final.

The French cutbacks form part of a worldwide overhaul announced by Chief Executive Officer Noel Quinn last February, which aims to reduce gross risk-weighted assets by more than $100 billion and cut 35,000 jobs by 2022. London-based HSBC has focused particularly on

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Stop the fear-mongering. Holocaust education is good

Last week, a major survey was released about Holocaust education in the United States. The findings were heartening: 80% of U.S. college students reported receiving at least some Holocaust education during high school, 78% of those students reported knowing a lot or a moderate amount about the Holocaust, and students exposed to Holocaust education were found to hold more pluralistic attitudes and were more open to differing viewpoints.

And you most likely didn’t hear anything about it.

Opinion | Stop the fear-mongering. Holocaust education is good – and it works.

Instead you heard about another survey released this week, one designed to get headlines. It did its job: News outlets worldwide reported that shocking numbers of Americans lack “knowledge” of the Holocaust.

The goal of the first survey — sponsored by Echoes & Reflections, a joint program of the ADL, Yad Vashem, and USC Shoah Foundation — was to examine

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Florida’s largest teachers union calls for COVID-19 transparency, funding continuity

JACKSONVILLE, Fla. – The Florida Education Association sent a letter to Gov. Ron DeSantis on Friday, pleading with the Republican leader to hold school districts’ funding steady, despite many of them experiencing lower-than-expected enrollment.

Florida Education Commissioner Richard Corcoran issued an emergency order on July 6 which, among other requirements, allowed districts to receive state FTE funding based on the forecasted enrollment rather than the enrollment gathered in an annual October survey.

During a virtual press conference Friday, the FEA called on the state to extend that financial continuity throughout the rest of the academic year, meaning that any enrollment shortfall that still exists during the annual February survey would not impact the respective district’s FTE-based funding.

“We believe a full school-year approach would assist districts in achieving the goal of retaining and hiring the personnel needed to staff the various ways we are educating students,” FEA President Andrew Spar

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Nature, Science and Revolutionary Struggle

Working my way through John Bellamy Foster’s magisterial “The Return of Nature: Socialism and Ecology,” it dawned on me that there was a gap in my knowledge. I knew that Marx and Engels were consumed with ecological problems, even though the word wasn’t in their vocabulary. To a large extent, my awareness came from reading another great Foster book, “Marx’s Ecology.” However, I couldn’t help shake the feeling that in between Marx/ Engels and Rachel Carson it was mostly a blur. The failure of the socialist states to support Green values reinforced that feeling. From Chernobyl to the shrinking of the Aral Sea, there was not much to distinguish capitalist and socialist society.

After finishing “The Return of Nature,” that blur gave way to clarity. Foster’s intellectual history shows a chain of thinkers connecting Marx/Engels to today’s greatest ecological thinkers, from Rachel Carson to Barry Commoner. To use a cliché,

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Is Elon Musk The New Steve Jobs? Bill Gates Says No

Many people see a likening between Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Apple Inc (NASDAQ: AAPL) co-founder Steve Jobs, but Bill Gates isn’t one of them.

What Happened: “You wouldn’t walk into a room and confuse them with each other,” the co-founder of Microsoft Corporation (NASDAQ: MSFT) remarked in an interview with Bloomberg on Thursday, when asked if Musk was the new Jobs.

“Elon is more of a hands-on engineer,” the billionaire philanthropist added. “Steve was a genius at design and picking people and marketing.”

Gates acknowledged that Musk and others have made great contributions to the electric car and therefore to the “climate change effort.”

“He did it with quality,” Gates said on Musk’s efforts. “It’s still a little premium-priced but fine. You know he’s got that initial market,” he observed.

The former CEO of Microsoft said he was not trivializing in any way the need to

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Abans IT to enable digital transition in education

Abans Group of Companies has carried out several PC donation campaigns to youth across Sri Lanka. The campaign has been carried out for the past six years, with over 600 PCs being donated to students in need studying in all districts and they have been reaping the benefits.

Prior to the campaign, many of the students studying in these schools did not have access to PCs. Post receiving of the PCs, the school curriculum was enhanced to include basic IT practical work that enables to better prepare youth for the future.

The education system in Sri Lanka is one of the best, with the country possessing one of the highest literacy rates of 96.4% in the region. This is a huge feat for a country such as Sri Lanka, which is still a developing country. The rising need now is for the education system to start incorporating more digital based

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Juice It Up! Names Carlo Verdugo Director of Operations and Business Development

Juice It Up! announced the appointment of Carlo Verdugo as Director of Operations and Business Development. An industry veteran with nearly two decades of franchise experience, Verdugo has served in various leadership roles for national chains including Jack in the Box and nearly a decade with Jamba, where he served as the Senior Director of Global Growth. As Juice It Up!’s Director of Operations and Business Development, Verdugo will lead a variety of initiatives supporting Juice It Up!’s strategic growth strategy.

“We are thrilled to add Carlo to our talented leadership team and are confident he will bring an additional level of efficiency to our proven franchise business model,” says Susan Taylor, Juice It Up! CEO. “I had the pleasure of working with Carlo during our time together at Jamba and saw firsthand his many contributions to the brand and its franchisees. He is a passionate, enthusiastic and savvy professional

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This Startup Pushes Technology Into Schools With Paper and Pen

(Bloomberg) — Millions of kids in the U.S. headed back to school this month and most of them will be spending at least part of their class time remotely, relying on computers, tablets and fast broadband to connect with teachers.

In thousands of schools across the U.S., though, teachers are using a small technology startup to preserve some of the more analog aspects of classwork during the pandemic. Bakpax Inc. makes a mobile app that kids can use to take a picture of homework completed using pencil and paper then upload to get instant grades and feedback. Some 50,000 teachers are using the tool, including in Europe and South Korea.



an open laptop computer sitting on top of a table: Bakpax App Can Read Your Kid's Chicken Scratch And Give It An A


© Bloomberg
Bakpax App Can Read Your Kid’s Chicken Scratch And Give It An A

The website home screen for Bakpax.

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Photographer: Gabby Jones/Bloomberg

“Paper is still the universal platform for learning,” said founder and Chief Executive Officer

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Hundreds of thousands will lose their jobs without additional emergency aid, says American Airlines CEO

“Hundreds of thousands of people will be out of work, and service to small communities will be discontinued,” if a new round of emergency airline funding is not approved, American Airlines Chief Executive Doug Parker said on NBC’s “TODAY” show Friday morning.



Doug Parker wearing a suit and tie


© Provided by NBC News


Moreover, the critical national infrastructure that the airline industry provides, and that will be key to the nation’s economic recovery, could be severely impacted by the sweeping industry cuts, he said.

“We want to make sure that when the economy recovers we are here,” Parker said.

Parker’s comments come after emergency talks at the White House on Thursday, when executives from the major U.S. airlines met with White House Chief of Staff Mark Meadows in a last-minute plea for additional funding in order to avoid tens of thousands of layoffs across the entire airline sector.

“We airline CEOs are here on behalf

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Families can’t switch learning options after today

Cassidy Alexander
 
| The Daytona Beach News-Journal

By the third day of school, Chenoa Yancey knew something had to change. Her children, eighth and ninth graders enrolled in the district’s virtual school, were struggling. 

Delays in starting classes through Volusia Online Learning meant her kids watched their friends go back to brick and mortar schools while they sat home and did nothing. Virtual school seemed like the wisest choice over the summer, when so much was unknown about the schools’ reopening plans. But that changed for the family. 

“We were really, really willing to take the risk of sending them back because we knew for their own mental health and their own social aspect they really needed to go,” Yancey said. “They were struggling at home.”

Families across the district have reached that same conclusion and changed their minds about which learning option they want for their kids. Some went

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