In 2024, elections will be held in over fifty countries, with more than 2 billion voters eligible to head to the polls. But the rapid emergence of generative artificial intelligence (AI) tools could be a game-changer. Tools like ChatGPT allow for the rapid creation of disinformation, and deep fake videos can make it difficult to know what is actually real.
Despite being a lucrative revenue source for the government, the Société des Alcools du Québec (SAQ) monopoly is under scrutiny for limiting consumer choices, especially for premium spirits like high-end bourbons. Exclusive distribution rights mean that if SAQ doesn’t stock a particular brand, it won’t be available in Quebec's retail outlets.
Despite commitments to implement the Crypto-Asset Reporting Framework (CARF) by 2027, Canada’s strides in regulating crypto-assets remain sluggish. CARF establishes a standardized reporting system for crypto-assets across 48 nations with the aim of tracking specific asset types and transactions while defining relevant tax jurisdictions.
Saloua Benkhouya (BSc’04, MBA’11) has been elected as President of the Board of Directors of the Women in Finance Association in Quebec (AFFQ), an organization dedicated to women in the financial services sector. Benkhouya has been an active member of AFFQ since 2016, previously serving as secretary and a member of the audit and risk management committee.
The Social Science and Humanities Research Council of Canada (SSHRC) announced the recipients of its latest competition of Partnership Engage Grants including a total of $100,000 awarded to four McGill researchers.
Partnership Engage Grants (PEG) provide short-term and timely support for partnered research activities between researchers and single partner organizations from the public, private or non-profit sector. McGill researchers received approximately $25,000 each in funding through the PEG program.
Widespread access to higher education is a relatively recent phenomenon. People in Quebec only started attending university in significant numbers in the 1960s. And Quebec’s highly educated workforce has yielded dividends, writes Nicolas Bérubé in La Presse. In 2021, the median household income was up 26% from ten years before. It’s a golden age for earners in Quebec, and with more income comes more money management responsibility. McGill’s free, online Personal Finance Essentials course can help people learn more about managing their money.
McGill University is pleased to announce the winners and runners-up of the 2024 President’s Prize for Public Engagement through Media. The Prize was created to recognize outstanding achievement among those who share their knowledge on a vast range of subjects with the media and the public. This year, there were applicants from 11 of the 12 faculties, a sign that sharing knowledge and a love of learning continue to be embedded in McGill’s DNA.
In February 2024, the low-cost carrier Lynx Air announced it was filing for creditor protection and would cease operations, with just a few days’ notice to its ticket holders. The airline had significant overlap with Air Canada’s routes and never managed to gain a foothold in the market. “It’s a difficult environment for airlines to make money in Canada,” says Prof.
Just 17% of Canada’s small- and medium-sized enterprises are owned by women, and benevolent sexism among venture capitalists is one of the reasons for this yawning gap between female and male entrepreneurs. Benevolent sexism is a form of bias that appears positive on the surface, but ultimately reinforces gender roles and entrenches inequality, writes Desautels PhD candidate Nhu Nguyen in The Conversation.
After completing his studies at McGill, Jeremy Awori (MBA’90) worked briefly in the financial services sector in Canada before becoming head of retail banking for the Standard Chartered Bank of Kenya at just 28 years old. Today, he is director general of Ecobank Transnational Incorporated, a pan-African banking conglomerate with operations in 33 countries. This year, Financial Afrik named Awori one of 100 people who are transforming Africa.
Dean Yolande Chan chaired the 2024 EFMD Conference for Deans and Directors General, that brought together nearly 500 leaders in higher education from across the globe to Amsterdam, Netherlands from February 6-7, 2024.
Lingerie retailer La Vie en Rose operates in 20 countries, but they haven’t expanded to the neighbouring United States – until now. The Montreal-headquartered company is opening three stores in New York state, with an eye cast toward operating nationwide one day. But with a more crowded market for lingerie in the United States, they’re taking a cautious approach.
The ivory tower sits on a solid foundation, but it could use a little shaking up, writes Professor Henry Mintzberg in a University World News article co-authored with his daughter Susan Mintzberg, a doctoral candidate in social work at McGill University. They argue that an overemphasis on a few top journals is one of the issues of the current model. These publications are sometimes called ‘A-journals’, and, in some cases, universities are prioritizing quantity over quality.
This winter, the sustainability efforts of 13 University offices were recognized by the rigorous Sustainable Workplace Certification program hosted by the McGill Office of Sustainability, with nearly half coming from McGill Desautels. The Academic Affairs Office earned a Gold-level certification, while the Dean’s Office and Infrastructure Team earned Silver, and the EMBA McGill-HEC program, Human Resources Team, PhD in Management Office, and Dobson Centre for Entrepreneurship were recognized with Bronze awards.
Buy now, pay later technology offers loans to consumers to pay for purchases in instalments over time. A soft credit check verifies eligibility, and can extend credit to users who might not otherwise have access to credit products. These loans claim to improve the financial inclusion of lower-income young people, but should be approached with caution, writes Vivek Astvansh in The Conversation.