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The FDA just authorized its first coronavirus blood test. What does that mean? - quartz

The FDA just authorized its first coronavirus blood test. What does that mean?

There's a difference between being authorized and being approved by the FDA.
quartz - 1 hour ago
‘Dark day’ in Prague: Czech authorities use sham ‘no mask’ Covid-19 excuse to tear down monument to Soviet liberator - rt

‘Dark day’ in Prague: Czech authorities use sham ‘no mask’ Covid-19 excuse to tear down monument to Soviet liberator

A monument to Soviet Marshal Ivan Konev, who commanded the forces that liberated Prague from the Nazis in 1945, has been removed and mocked for ‘not having a mask’ by one local official, in what Russia has condemned as an insult.
rt - 1 hour ago
High-energy particle physicists figured out video conferencing a long time ago - quartz

High-energy particle physicists figured out video conferencing a long time ago

If scientists can solve the universe’s toughest problems over video chat, you can too.
quartz - 1 hour ago
An Australian Rugby League Is Thinking About Putting 500 Players on a Luxury Quarantine Island - vice

An Australian Rugby League Is Thinking About Putting 500 Players on a Luxury Quarantine Island

The Tangalooma Island Resort is currently empty due to the collapse of tourism during the pandemic.
vice - 1 hour ago
Jeremy Corbyn’s legacy will loom large over British politics - quartz

Jeremy Corbyn’s legacy will loom large over British politics

The left-wing Corbyn was the most unothordox Labour party leader yet—and one of its most consequential.
quartz - 1 hour ago
Mum and daughter stabbed to death before dad died in house fire - metro

Mum and daughter stabbed to death before dad died in house fire

The father died as a result of the fire.
metro - 2 hours ago
Why you’re probably having less (or more) sex right now - quartz

Why you’re probably having less (or more) sex right now

One possible reason: anxiety.
quartz - 2 hours ago
Music legend Bill Withers, who has died at 81, wrote the perfect song for these times - quartz

Music legend Bill Withers, who has died at 81, wrote the perfect song for these times

"Lean on Me" captures both the grief that comes with painful periods and the beauty of being supported, and giving support in kind.
quartz - 2 hours ago
US snatches masks from Germany in act of ‘modern piracy’ – Berlin senator - rt

US snatches masks from Germany in act of ‘modern piracy’ – Berlin senator

With Covid-19 infections climbing, Washington has diverted shipments of vital protective masks from its allies in Germany and Canada to the US. A Berlin senator described the move as “modern piracy.”
rt - 2 hours ago
‘You start with such high hopes’: The incredible struggle of hospital staff in Italy - channel 4

‘You start with such high hopes’: The incredible struggle of hospital staff in Italy

In Italy, the death toll from Covid-19 is now more than 14,500. It is the hardest hit European country.
channel 4 - 2 hours ago
Tens of thousands of Britons remain stranded abroad - channel 4

Tens of thousands of Britons remain stranded abroad

Thousands of British citizens remain stranded abroad, and are still battling to make their way back to the UK as lockdowns continue across the globe.
channel 4 - 2 hours ago
What will happen to rough sleepers when pandemic is over? - channel 4

What will happen to rough sleepers when pandemic is over?

When every council in England was told to give rough sleepers a roof over their heads to protect them from the spread of Covid-19, it was welcomed.
channel 4 - 2 hours ago
Exams grades in England to be decided by teacher assessment, mocks and coursework - channel 4

Exams grades in England to be decided by teacher assessment, mocks and coursework

Today the exam regulator in England said GCSE and A-Level grades would be awarded based on mock exam results, teacher assessments and coursework.
channel 4 - 3 hours ago
‘All our ICU patients are in their 50s or younger’ – frontline Welsh doctor who recovered from virus - channel 4

‘All our ICU patients are in their 50s or younger’ – frontline Welsh doctor who recovered from virus

A critical care consultant in the Royal Gwent Hospital in Newport is urging the public to keep listening to government advice.
channel 4 - 3 hours ago
US suffers more coronavirus deaths in one day than any other country - channel 4

US suffers more coronavirus deaths in one day than any other country

Cases and deaths from Covid-19 are continuing to rise alarmingly in the US, with New York State alone reporting more than 560 fatalities in one day.
channel 4 - 3 hours ago
Family of UK’s youngest coronavirus victim unable to attend his funeral - channel 4

Family of UK’s youngest coronavirus victim unable to attend his funeral

For the family of the youngest victim, yet more pain as 13-year-old Ismail Mohamed Abdulwahab's mother was forced to stay away from his funeral.
channel 4 - 3 hours ago
Debenhams expected to go into administration - channel 4

Debenhams expected to go into administration

Debenhams is expected to become the latest high-profile business casualty of the coronavirus crisis.
channel 4 - 3 hours ago
The US can’t supply enough medical masks for healthcare workers, let alone the general public - quartz

The US can’t supply enough medical masks for healthcare workers, let alone the general public

US health authorities may soon recommend that everyone wear masks. Where are they going to come from?
quartz - 3 hours ago
South Africa is leading the continent’s coronavirus testing challenge boosted by private labs - quartz

South Africa is leading the continent’s coronavirus testing challenge boosted by private labs

"South Africa had to carry the burden initially of confirming the tests of a number of surrounding countries."
quartz - 3 hours ago
US airlines are obliged to refund passengers for cancelled flights - quartz

US airlines are obliged to refund passengers for cancelled flights

No, they can't just give you a credit voucher.
quartz - 3 hours ago
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quartz
Warren Buffett just explained the problem with today’s corporate boards

Warren Buffett just explained the problem with today’s corporate boards

quartz - 1 month ago
Warren Buffett shares some thoughts from the boardroom.

Today Warren Buffett shared his thoughts on the current state of corporate boards in his annual shareholder letter (pdf).

First, the legendary investor addressed the dearth of women. When he started out, it was rare to find a woman in the room unless she “represented family controlling the enterprise.” Today, not much has changedwomen having a voice in the boardroom continues to be a work in progress. This comes after Goldman Sachs announced last month that it wont take companies public unless they have at least one diverse member on the board.

Another problem is that directors are more likely to go along with management teams than to challenge themand CEOs are more likely to look for a cocker spaniel than pit bulls for the board. Having served as a director of 21 publicly owned companies (including Berkshire, Kraft Heinz, Coca-Cola, and Gillette), Buffett has yet to see a CEO who craves an acquisition bring in a board member who is against itincluding himself. In other words, the arrangement is almost always in favor of the CEO looking to make the acquisition. Dont ask the barber whether you need a haircut,” he suggested.

Directors also depend on their board pay too much to act as truly independent entities, Buffett believes. Director compensation has soared to a level that is three to four times the annual median income of US households,” he noted. At large companies, the median directors pay is $275,000, according to one report (pdf).

Further, he noted, many board members today are simply not business types: Almost all of the directors I have met over the years have been decent, likable and intelligent. Nevertheless, many of these good souls are people whom I would never have chosen to handle money or business matters. It simply was not their game.

One important improvement in corporate governance has been regularly scheduled executive sessions of directors at which the CEO is barred, wrote Buffett. Before that, separate discussions of a CEOs skills, acquisition decisions, and compensation were rare.

Still, he believes, the process of improving corporate governance has a long way to go.

sauce: quartz
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