It’s certain that the framers of the Constitution of the United States were not thinking internet when they penned the supreme law of the land. But many parts of it, especially the First and Fourth Amendments, have grown in significance in the Digital Age. The First protects the citizen’s right to free speech; the Fourth, his or her right to privacy. Are both rights still secure in today’s interconnected world?
Our world has never been more connected, thanks to the internet, and this is especially true in commerce. Via digital communication, the consumer can deal directly with multiple traders, from small to mammoth, of products and services without the assistance of an intermediary. The new network economy introduces opportunities for both cooperation and competition. What are the four main trends in today’s markets?
David Swensen has been the chief investment officer of Yale University’s endowment fund since 1985. During this period, the Yale endowment has made significant changes in its asset-allocation pattern.
Consider the statistics. While 67 percent of American cellphone owners check their smartphones for messages and calls even without the “ping”, and 49 percent of these same owners assert that it would be “very hard to give up”, why don’t they use smartphones to make payments?