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StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online.
"Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen...
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Apr 7, 2026 / Tyler Durden
No Kings - Except Moloch And Marx And Everyone Else
No Kings - Except Moloch And Marx And Everyone Else
Authored by Anthony Esolen via American Greatness,
No kings? But millions of little queens of both sexes, tyrants in both public and private life, who would make sure, if they were in the position to do so, that I would pay dearly for the very sentence I am writing right now; who police both what you say and what you would very much like to be left alone not to say; who use exceptional cases to justify surveillance over people who...
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Mar 10, 2026 / Jonathan Newman
Why Forcing Data Centers to Generate Their Own Power Won’t Lower Utility Bills
Forcing AI companies to provide their own power doesn’t get at the root of the issue, which is that the resources we use to generate electricity are scarce.
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Apr 27, 2026 / Tyler Durden
US Allows Venezuela To Fund Maduro's Defense After Court Challenge
US Allows Venezuela To Fund Maduro's Defense After Court Challenge
Authored by Tom Gantert via The Epoch Times,
The United States will ease sanctions on Venezuela to allow its regime to pay legal fees for former Venezuelan leader Nicolás Maduro in a U.S. drug trafficking case, according to a court filing in the U.S. District Court for the Southern District of New York.
The April 24 filing states that the U.S. Treasury Department authorized an exception to existing sanctions, permitting funds to be used for Maduro’s legal defense.
Maduro is awaiting trial on...
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