SAN FRANCISCO — Online business is playing an increasingly powerful role in national economies and is projected to account for $4.2 trillion of the Group of 20 nations’ total gross domestic product by the year 2016.
The “Internet economy” will grow at a rate of eight percent annually in developed countries and more than twice that in developing markets, according to a study released on Monday by The Boston Consulting Group (BCG).
India and Argentina will see the fastest growth, with rates expected to be 23 percent and 24 percent respectively, BCG said in a report.
“The Internet economy offers one of the world’s few unfettered growth stories,” said BCG senior partner and report co-author David Dean.
In an array of countries including France, Germany and China small and medium-sized companies (SMEs) that actively engaged consumers online saw sales rates climb much more than did firms with scant Internet presences.
“Around the world, SMEs that embrace the Internet are growing faster and adding more jobs than those that don’t,” said BCG partner Paul Zwillenberg.
“By encouraging businesses to turn to the Internet, countries can improve their competitiveness and growth prospects.”
‘Breadth and scale’ of nationwide protests is ‘staggering’: NYU history professor
Protests continued to grow in size in cities and towns from coast-to-coast -- and around the world.
"As a historian of social movements in the U.S., I am hard pressed to think of any time in the past when we have had two straight weeks of large-scale protests in hundreds of places, from suburbs to big cities," NYU history Prof. Tom Sugrue posted on Twitter.
"The breadth and scale of #Floyd protests is staggering," he continued.
"We have had some huge one-day demonstrations, e.g. March on Washington for Jobs and Freedom (1963); antinuclear march in NYC (1982), and Women's March (2017). We have widespread, simultaneous protests, such as in the days following MLK, Jr.'s assassination (1968)," he explained. "But the two together--very unusual."
Incel blew his hand off — and may have been planning for suicide bomber attack on ‘hot’ cheerleaders: report
A young man in Virginia was photographed for his mugshot with extensive facial injuries.
"A 23-year-old Virginia man who appeared to be planning an incel bomb attack on "hot cheerleaders" accidentally blew off his hand with explosives, authorities say," BuzzFeed News reported Saturday. "Cole Carini was charged in federal court on Friday connection with the plot after he allegedly lied to FBI agents by saying his extensive injuries were the result of a lawnmower accident."
Big turnout for protest in Texas town known as a ‘haven’ for the Ku Klux Klan
Protesters gathered in Vidor, Texas on Saturday for a rally against racism and police violence.
The East Texas town has long had a reputation for racism.
Vidor is a small city of about 11,000 people near the Texas Gulf Coast, not too far from the Louisiana border. Despite the fact that Beaumont, a much bigger city just 10 minutes away, is quite integrated, Vidor is not. There are very few blacks there; it's mostly white. That is in large part because of a history of racism in Vidor, a past that continues to haunt the present," Keith Oppenheim reported for CNN in 2006.