Internal documents show how Amazon scrambled to fix Prime Day glitches

Amazon failed to secure enough servers to handle Prime Day traffic surge, causing it to launch a scaled-down backup site and temporarily kill off all international traffic within 15 minutes of the event, according to internal documents seen by CNBC.
Read more: Internal documents show how Amazon scrambled to fix Prime Day glitches

Money won’t make you happier. Time will.

According to an extensive study of over 6,000 individuals, those who spent money on time-saving activities reported being happier and more satisfied. “People who spend money in ways that allow them to have more free time report greater life satisfaction,” says Ashley Whillans, a professor at the Harvard Business School.
Read more: Money won’t make you happier. Time will.

Why Don’t We Always Vote in Our Own Self-Interest?

Let’s start with a concept known as “last place aversion.” In a paper by that name, Ilyana Kuziemko, an economist at Princeton, Taly Reich, a professor of marketing at Yale, and Ryan W. Buell and Michael I. Norton, both at Harvard Business School, describe the phenomenon in which relatively low income individuals “oppose redistribution because they fear it might differentially help a ‘last-place’ group to whom they can currently feel superior.” Those thus positioned “exhibit a particular aversion to being in last place, such that a potential drop in rank creates the greatest disutility for those already near the bottom of the distribution.”
Read more: Why Don’t We Always Vote in Our Own Self-Interest?

Big banks like Deutsche choose IBM to run their blockchain for 3 reasons, IBM executive says

Jim Cramer sits down with Martin Schroeter, senior vice president of IBM global markets, who says IBM is a leading choice for blockchain implementation among international companies.
Read more: Big banks like Deutsche choose IBM to run their blockchain for 3 reasons, IBM executive says