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...Its market capitalization exceeds $500 billion. Its user base outnumbers all but one continent. Mark Zuckerberg, its chief executive officer, is one of the world’s wealthiest people. No one should begrudge Facebook (or Zuckerberg) this success. Yet as it begins to play a more central role in American media and politics, the public has a right to expect it to accept the responsibilities that come with its growing power and influence. Zuckerberg and chief operating officer Sheryl Sandberg seem to appreciate the gravity of the situation and have pledged to bring more transparency to political advertising on the network. Such ads proved immensely powerful during the 2016 election—Donald Trump’s digital guru says they were “how he won”—yet they’re free from the kind of disclosure required of television and radio ads. ...Live Mint on Oct. 17, 2017, 9:50 p.m.
...This policy deserves to be a great success—but to make the most of it, the government still has work to do. Prime Minister Narendra Modi’s previous big idea—declaring 86% of India’s banknotes void overnight—took the public by surprise and caused the economy to seize up. Employers couldn’t pay wages and workers couldn’t buy even basic staples. The full cost of the disruption is still being calculated. More From Livemint » After that, fears about the GST rollout ran high. Too high, as it turned out. It helped that the plan was not a shock: successive administrations had debated the idea for years. The government also adjusted the rules to appease various constituencies, and gave businesses a two-month cushion to comply. Partly for that reason, though, the project is far from finished. ...Live Mint on July 20, 2017, 10:40 a.m.
...A court will hold hearings on Wednesday whether to issue an arrest warrant for Jay Y. Lee. The vice chairman of Samsung Electronics Co. stands accused of approving roughly $36 million in “donations” connected to a shadowy confidant of president Park Geun-hye, allegedly meant to help win approval to merge two Samsung affiliates and consolidate his control over the company. Samsung has denied any wrongdoing. Whatever the courts rule, one more high-profile scalp is unlikely to end the cosy relationship between politics and big business in Korea, which is dominated by the country’s huge conglomerates, or chaebol. Past corporate titans have received suspended sentences or swift pardons—including Lee’s father, Samsung’s ailing chairman Lee Kun-hee (twice). ...Live Mint on Jan. 18, 2017, 9:49 a.m.
...This week, air pollution in New Delhi has been truly off the charts: Tiny particulates, which are especially deadly, topped 999 micrograms per cubic meter—40 times what is considered safe and beyond what the scale was designed to measure. While air quality tends to worsen around this time of year as millions of Indians light firecrackers to celebrate the Diwali festival, the problem isn’t limited by season or geography. India has 13 of the 20 most polluted cities in the world, according to the World Health Organization. Every year, more than half a million people are estimated to die prematurely because of air pollution. A growing outcry has forced some improvements. The government has agreed to speed the adoption of tougher vehicle emissions standards, making them mandatory by 2020. The Supreme Court has been especially active, doubling the fees for commercial trucks entering Delhi and ordering the capital’s taxis to switch from highly polluting diesel to compressed natural gas. ...Live Mint on Nov. 3, 2016, 8:44 a.m.