Headlines on Tap

 

 

Curated by Dev Odedra.

 

 

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Sometimes the twittersphere comes up with a stroke of genius. And it's often when someone thinks up something that allows others to be imaginative and, ideally, a little bit silly. The hashtag "makeahorrorfilmlessscary" is one such and here are five of those that made us laugh.

It's an own goal, an unforced error, an unintended consequence. Those who have pressed for what they have termed (and forced everyone else to term) "gender equality" have ended up with previously taboo and sometimes illegal matters being pushed front and centre.

CoNet Section: 

The Takata airbag scandal raises important questions for insurers in this and other cases of recall. And how Big Data can be used for good.

BIScom Subsection: 

The global airbag scandal involving TAKATA airbags just won't go away. In Australia, BMW, GM Holden, Honda, Mitsubishi and Toyota have been trying to contact some 20,000 car owners to replace the defective equipment but have had no response. Now the government has stepped in. "do not drive these cars at all," it says.

Using the trendy but woefully inaccurate term "oversight" when it means supervision ( see why here), ASIC "urges companies to apply a greater focus and sense of urgency to the oversight and management of non-financial risk..particularly compliance risk. Boards cannot afford to ignore the oversight of non-financial risks." The thing is that ASIC's findings show a failure of awareness of the legal position of directors in Australian companies.

CoNet Section: 

Following an earlier statement (here) Malindo Air has given more details of how its data breach came about.

FCRO Subsection: 

Australia is cancelling the debts of students of a large failed education provider that once had government backing. It's also obtained massive penalty and restitution orders. But there is a fly in the ointment.

FCRO Subsection: 

In the past year, two of Australia's most high profile departments have undergone so-called "rebranding exercises." ASIC and the ACCC have changed their logos. Was it worth it?

CoNet Section: 

We get the best of the best when it comes to examples of rubbish spam-scams. This just made our day.

FCRO Subsection: 

Malindo Air has issued the following statement providing updated information relating to a data breach in its booking system.

FCRO Subsection: 

Across the Common Law world, in recent years, there has been a failure in both legislation and more generally to distinguish between "unlawful" and "illegal." In deciding the case known as Miller II, the UK Supreme Court (the successor to the House of Lords' judicial function) has made it very clear: the two terms are different and are not interchangeable.

CoNet Section: 

An article published by CNBC ("Here’s why regulators are so worried about Facebook’s digital currency") says in its teaser "Facebook’s argument is that it won’t be minting new money with its digital currency."

That is absolutely untrue. This is why.

It's a pillar of the Tax Cuts and Jobs Act (TCJA) 2017 and it's about to appear in the Federal Register. And it makes the USA very unusual in recognising the realities of depreciation in a disposable world. And then they go and stuff it up.

Thank you Warhol. Web 2.0 has provided a platform for people to get their (usually less than fifteen minutes) of fame, or at least egotistical self-gratification, at the drop of a finger on a keypad.

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