HP Cracks Down on Student Labor, LinkedIn Ever Exceeding Expectations, Ireland's Debt Solution

Well that’s good news

Hewlett Directs Its Suppliers in China to Limit Student Labor – Consumer electronics company Hewlett-Packard is cracking down on student labor in China, where it is common practice for factories to hire high school students and temp workers to make up for scarcity of factory labor. In some cases, factories even pay school administrators to make students work long hours at jobs unrelated to their studies. Now H.P. is examining its Chinese suppliers and making sure that students who work in these factories do so voluntarily and have access to reprisal-free grievance mechanisms.

But how many fake profiles?

LinkedIn’s Fourth Quarter Reinforces its Strengths – The social network for professionals has just exceeded analysts’ projections for earnings and revenue for the seventh consecutive quarter, causing its stock shares to spike 9.15% to $135.45. LinkedIn’s statistics are looking quite satisfactory as a whole, with a 66% increase in earnings from last year and a total membership of more than 200 million.

Update to come in 2023

Ireland Reaches Debt Deal – Yesterday the Irish Prime Minister announced a new plan to repay bank debts and reduce the country’s borrowing needs for the next decade, with a projected annual reduction of the budget deficit by $1.35 billion. The Irish government hopes that this plan, backed by the European Central Bank, will encourage investors and lead to lower interest rates and faster growth.

The price tag of Alzheimer’s

Alzheimer's cases, and costs, projected to swell – A new study estimates that due to the aging baby boomer generation, 13.8 million Americans will have Alzheimer’s disease by 2050, a figure that is much higher than earlier projections. Unless scientists find some way to reduce the disease’s prevalence, the cost of care could cost $1 trillion a year. The good news is this may be the case, as the federal government is funding research on creating a drug treatment by 2025.

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