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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 24, 2026 / Tyler Durden
A Bottle Of Water Is $4.25: Walt Disney World Might Be The 'Most Expensive On Earth'
A Bottle Of Water Is $4.25: Walt Disney World Might Be The 'Most Expensive On Earth'
Authored by Stephen Silver via 19fortyfive.com,
“Water is $4.50 for a basic Desani. Smartwater is $6.25. Food is almost unaffordable, and people bring their own food now. Soon, we might as well call Walt Disney World here in Florida the Most Expensive Place on Earth.”
That’s what the Editor-In-Chief, Harry J. Kazianis, an avid Disney fan, told me just recently when it came to the Most Magical Place on Earth.
Mickey Mouse Walt Disney World 19FortyFive.com Image
Clearly,...
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Jul 6, 2026 / Ron Paul
Let’s Leave the Strait of Hormuz Alone
President Trump was reportedly “shocked” to see many thousands of Iranians in the street mourning at the funeral of the country’s late leader, Ayatollah Ali Khamenei, over the weekend. Khamenei was assassinated by the United States at the beginning of the February US surprise attack on Iran. The US attack on Iran was sold to […]
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May 15, 2026 / Tyler Durden
Deadlocked At Square Zero: Very First Line Of Iran's Latest Proposal 'Unacceptable,' Trump Says
Deadlocked At Square Zero: Very First Line Of Iran's Latest Proposal 'Unacceptable,' Trump Says
Tehran and Washington are truly not just back to square one, but it's as if no rounds of dialogue - direct or indirect - have even taken place. It's more like being back at square zero - and the US President has just acknowledged it.
President Trump told reporters aboard Air Force One Friday while departing Beijing that even the very first first sentence of Iran's latest proposal was "unacceptable" and blamed the Iranians for backtracking on...
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