Matt Tabbi @ Rolling Stone - The news that a "rogue trader" (I hate that term – more on that in a moment) has soaked the Swiss banking giant UBS for $2 billion has rocked the international financial community and threatened to drive a stake through any chance Europe had of averting economic disaster. There is much hand-wringing in the financial press today as the UBS incident has reminded the whole world that all of the banks were almost certainly lying their asses off over the last three years, when they all pledged to pull back from risky prop trading. Here’s how the WSJ put it: Read more.
After a monumental political battle, California passed AB5, a law that will make it much harder for gig economy companies to classify their workers as “independent contractors.” Now, the same political battle is coming to New York. That means it’s a perfect time to hear from Uber and Lyft drivers, in their own words. Read more.