Web's Best – October 2018

Is Small still Beautiful? A Swiss Perspective

Small polities have different advantages. Because of their smallness, they can be more efficient. However: not all small polities can mobilize these factors. – October 23 / The Market for Ideas

A Different Kind of Swiss Diplomacy

A Swiss executive's role ties to dissolved data firm Cambridge Analytica in recent Caribbean elections. – October 16 / Guardian

Francis Fukuyama: The New Tribalism and the Crisis of Democracy

From the early 1970s to the first decade of this century, the number of electoral democracies increased from about 35 to more than 110. Over the same period, the world’s output of goods and services quadrupled, and growth extended to virtually every region of the world. The proportion of people living in extreme poverty plummeted, dropping from 42 percent of the global population in 1993 to 18 percent in 2008. But not everyone benefited from these changes. – October 14 / Foreign Affairs

Meet the New Digital Consumer

Nearly 1 billion more people will be using the internet by 2022. – October 14 / The Boston Consulting Group

Watch Out for These 20 Bubble Housing Markets

It's been more than a decade since the great housing bubble of the 2000s burst, helping precipitate the worst financial crisis since the Great Depression. In some markets, there are now signs that a new bubble has now emerged. – October 13 / National Real Estate Investor

UBS FX Gang Began in PubUBS FX Gang Began in Pub

A cartel of traders began discussing rigging foreign exchange markets while drinking in the pub, according to a former UBS banker. – October 12 / Bloomberg

U.S. Bank's Millennial Remodel

New York-based Morgan Stanley is refurbishing its offices. The goal? To make its workplace millennial-friendly. – October 8 / Bloomberg

Where in the World Is Denmark’s $2 Billion?

Prosecutors in Copenhagen say it was an elaborate ruse, one that ultimately cost taxpayers more than $2 billion — a spectacular sum for Denmark, the equivalent of a $110 billion loss in the far larger American economy. – October 8 / The New York Times

Colin Powell: «President Trump Can't Be a Moral Leader»

Former Secretary of State Colin Powell said he doesn't believe President Trump can be a moral leader, adding that it has become «me the president» for Trump, instead of «we the people.» – October 8 / The Hill

Hong Kong's Economy Gets Stuck Between U.S.-China Trade War

Hong Kong has long marketed itself as the gateway into China for foreign businesses, especially the U.S. With a trade war now raging between the world’s two largest economies, that’s precisely the problem. – October 8 / Bloomberg

Swiss Private Banks Urged to Partner 

Switzerland’s diminishing band of mid-sized private banks should consider teaming up with other firms to expand in Asia and tap into the business of managing the wealth of the region’s millionaires, according to the chairman of the Swiss banking association. – October 7 / Bloomberg

From Shipwreck to Fintech

One entrepreneur's journey from refugee to billionaire. – October 5 / Forbes

The Super-Rich's Charity «Fracking» 

The ultra-high net worth of the U.S. have found a new way to make their charitable donations go further: «philanthropic fracking». – October 3 / Bloomberg