Question

choose two topic from bloomberg business website and summarize both of them with refrence or source?

Answer 1

The topics from the Bloomberg Website:

1. Women In tech- Focus on the Gender Bias

Considering the scenario in Google, there are two major issues. The biological differences between the genders as well as the biasness for the women working in tech which is highly paid and in a prestigious role.

We can't measure gender differences as there are no objective ways to do so. There are several distributions showing off that the men are more powerful than women and that they are geniuses by showing more variability to men. Rather than the IQ scores, the empathy, flexibility, the ability to work collaboratively and the ethical thinking are the points to be considered. Biological differences are difficult to seperate from socialization and almost impossible to consider measuring in a way that reflects cultural values. Hence, Google started thinking about the gender initiatives.

Reference: https://www.bloomberg.com/view/articles/2017-08-16/google-is-right-to-focus-on-gender-bias

2. Think Twice about going cashless

The 2nd topic is about money. The decision of changing almost 90% currency (bank notes) in last November, there is a hidden motto between going cashless which is beneficial. Most of the arguments in favor of Demonetization don't stand upto scrutiny. Moving beyond paper money may cause several rationales. The points that favor include life becoming harder for the tax cheats, terrorists and criminals, quick flow of funds which reduces the costs and enhance the economic efficiency. This will also improve the hygeine by eliminating the flow of germ infected bills.

The counter argument states that, abolishing paper activities doesnt reduce illegal transactions or may not impact the criminals. There would be alternatives for the flow of funds. Tax cheats can convert their illegal money into gold, properties etc. Although Fintech companies suggested innovative digital payment solutions, they are not proven as cost efficient. Cash transactions have been reduced and the debit card transactions have been implemented as a substitute. The digital payments setor remains fragmented, requires large infrastructure investments. Demonetization would help in circumventing the negative rates by investorsphysically withdrawing cash and holding it to avoid the tax on savings. This also boosts cosumption as the consumers spend more in the Credit Card. The anonimity of cash helps every citizen.

The cons of the digital payment systems is the increase in the security and the operational risks. Imposing such a radical change on citizens may not gain trust, but the nation want to confront these questions with valid points.