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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. GDP growth could hit nearly 5% in 2016.

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How Blockchain Is Changing Finance

Harvard Business Review

In 2016 blockchain companies raised $400 million from traditional venture investors and nearly $200 million through what we call initial coin offerings (ICO rather than IPO). If the world of venture capital can change radically in one year, what else can we transform? But the genie has been unleashed from the bottle.