Business and financeButtonwood's notebook

Anatomy of a stupid rumour

MARK Carney, the governor of the Bank of England, has upset many people in the Conservative party because of his warnings about the economic impact of Brexit. So some including former chancellor Lord Lawson and Daniel Hannan, a eurosceptic MEP, have called on him to resign. 

As we argue in a leader in the latest issue, this political pressure on an independent central bank governor is a great mistake. On the day after the referendum vote, the prime minister resigned and Brexit campaign leaders were nowhere to be seen; it was Mark Carney who stepped forward to calm the markets. He was the only grown-up in the room.

Now the stories are circulating that Mr Carney might resign, with some even suggesting that it Continue reading

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Strategy

Should Salesforce Buy NetSuite?

The recently released spreadsheet hacked from Salesforce board member Colin Powell’s email names multiple companies that Salesforce was at least considering acquiring. In the aftermath of the initial reports, it’s worth noticing that there were at least two enterprise resource planning/back office companies on the list: Workday and NetSuite. There are plenty of reasons to dismiss acquisition talk.

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Social Networking

Bot Armies Boost Candidates’ Popularity on Twitter

Internet bots have many useful online purposes, but they have a dark side, too, as three researchers demonstrated in their analysis of Twitter traffic during the first presidential debate between Hillary Clinton and Donald Trump. Bots are used to automate functions on the Net. For example, if you belong to several social networks, you could use a bot to post a photo to all of them at once.

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