Ben Franklin to Invest $114500 in the Regional Economy – bctv.org

The Ben Franklin Technology Partners of Northeastern Pennsylvanias (BFTP/NEP) Board of Directors has approved the investment of $114,500 in support of regional economic development. Five companies in BFTP/NEPs 21-county service area received funding.

BFTP/NEPs annual challenge grant is funding investments in two established manufacturers to apply new technology to help them succeed globally by producing better, faster, and/or at a lower cost. Ben Franklin provides 1:1 matching funding to established manufacturers for work with a college or university partner on technology-based innovation.

Summit Utility Structures, LLC, West Hazleton, Luzerne County

Ben Franklin Investment: $14,500 continuation project; client has achieved pre-determined milestones and is receiving more funding to accomplish additional project work

University Partner: Lehigh Universitys Center for Supply Chain Research

Finish implementation of an Enterprise Resource Planning software solution at Summit Utility Structures (SUS), a manufacturer of tubular poles for use in the utility, lighting, transportation, and communication sectors to improve financial processes and costing, and streamline operations. SUS is becoming an industry leader in the production of transmission poles, substation structures, distribution poles, high-mast lighting, wireless poles, davit arms, crossarms, and cross braces.

Unique Pretzel Bakery, Reading, Berks County

Ben Franklin Investment: $17,000

University Partner: Lehigh Universitys Center for Supply Chain Research

Improve the efficiency of space utilization for storage, packing, and shipping at this producer of innovative food products using proprietary processes that provide a competitive cost and flavor edge. Unique Pretzel Bakery manufactures and markets a variety of pretzels, snacks, dips, condiments, and gift baskets.

To help companies accelerate the recovery from the economic crisis caused by the COVID-19 pandemic, the Pennsylvania Department of Community and Economic Development (DCED) provided a $1 million disbursement that was matched by BFTP/NEP. BFTP/NEPs Return to Health funding program included emergency investments in 18 regional start-ups and 17 established manufacturers in May.

In July, BFTP/NEP invested in more firms using its Return to Health funding. Rebuilding Northeastern PA Manufacturers Investments allow BFTP/NEPs recent established manufacturer clients with 250 or fewer employees to develop and implement plans for recovery. Many of these manufacturing firms were partway through the development of innovative production and process enhancements, and failing to complete them would hinder their recovery and growth. These clients will facilitate job retention and creation.

Ben Franklin announces the following Rebuilding Northeastern Pennsylvania Manufacturers Investments in two companies, which are provided as matching funding.

PMA-13, Inc., Allentown, Lehigh County

Ben Franklin Investment: $8,000

Implement a new Enterprise Resource Planning system at this producer of signage for government organizations, hospitals, and companies. The new ERP system will enhance the companys competitiveness during the economic downturn caused by COVID-19. It will streamline and simplify processes, improve supply chain visibility, and advance financial operations to accommodate anticipated growth.

SOLO Laboratories, Inc., Kutztown, Berks County

Ben Franklin Investment: $25,000

Develop a fully functional and HIPPA-compliant scanning application for mobile phones that physicians and consumers will use to scan and order orthotic devices from SOLO Laboratories. Also, begin developing a prototype mobile application for consumers that will allow them to order pre-molded and semi-custom insoles. SOLO Laboratories manufactures custom prescription orthotics and foot and ankle braces. This work will enhance the companys competitiveness during the economic downturn caused by COVID-19.

Also part of BFTP/NEPs Return to Health Funding, Next-Generation Pandemic Defense Investments support new Ben Franklin clients that are creating tools and techniques that could help us all recover from COVID-19 and/or protect us from future infectious disease outbreaks. BFTP/NEP invested in one early-stage firm with a three-year, 0% interest loan.

IntelliGreen, West Hazleton, Luzerne County

Ben Franklin Investment: $50,000

Develop and offer a hardware and software solution to expand the capabilities of IntelliGreens flagship Intelli-Temp Facial Recognition Temperature Scanner in response to the COVID-19 pandemic. The Intelli-Temp device can detect and identify a face, including for an individual wearing a mask; direct a person to put on a mask as a requirement to entry; detect a reference temperature within 0.5 degrees accuracy; and provide alerting for fever conditions; all within one second. The expanded capabilities in development will include networked attendance tracking, data aggregation, device protection and resiliency, fast alerting, attestation, and mobile app integration. These technologies support social distancing protocols while quickly and efficiently providing businesses a way to protect people and meet regulatory guidelines.

About the Ben Franklin Technology Partners of Northeastern Pennsylvania

The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) creates and retains highly paid, sustainable jobs by investing in and linking companies with experts, universities, follow-on funding, and other resources to help them prosper through innovation. It is part of a four-center economic development initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.

BFTP/NEPs strategy encompasses three key areas:

Since beginning operations in 1983, BFTP/NEP has helped to create 19,257 new jobs for Pennsylvania workers and to retain 43,880 existing jobs, to start 525 new companies, and to develop 2,113 new products and processes. Since 2007, BFTP/NEP clients have generated more than $1.6 billion in follow-on funding. The Pennsylvania Ben Franklin Technology Partners network has returned $3.90 to the state treasury for every $1.00 invested in the program.

BFTP/NEP owns, manages, and is headquartered in Ben Franklin TechVentures, an award-winning business incubator/post-incubator facility on Lehigh Universitys campus in Bethlehem. BFTP/NEP also owns and manages the Bloomsburg Regional Technology Center. Applying more than 35 years of experience and two international awards for excellence in business incubation, BFTP/NEP leads a 13-member business incubator network that is among the largest in the nation.

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Ben Franklin to Invest $114500 in the Regional Economy - bctv.org

BCG economy thriving on rich biodiversity and technological strengths – Bangkok Post

Thailand is embracing the Bio-, Circular and Green Economy (BCG) model as a path towards more sustainable growth, which will be marked by more employment, higher peoples incomes and an eco-friendly society.

Focusing on applying technology to further enhance the market values of agribusiness products and the service sector and transforming towards environment-oriented economy, BCG is creating significant business opportunities in Thailand while enabling the people to take urgent actions against the climate change.

Thailand is well-positioned to become a global investment destination for BCG, thanks to its vibrant agribusiness industry, advancing biotechnology, distinctive service sector, growing consciousness on environmental challenges, and concrete government support.

A study by the Ministry of Higher Education, Science, Research and Innovation shows that the estimated value of activities in BCG economy could grow to one-fourth of the Thailands gross domestic products (US$ 137 billion)1 by 2025 from one-fifth at present2. Based on this trend, Thailands economic growth will be driven by increasing competitiveness in four key industries namely agribusiness, bioenergy and biochemicals, medical and wellness services as well as tourism and creative economy.

Thailand Board of Investment (BOI) is currently offering investment promotion incentives to a wide range of activities in BCG notably biotechnology, biochemical production, biogas and biomass energy generation, food and animal feed production, energy service companies (ESCO) and recycle facilities.

The BOI has recently broadened eligible activities in the agribusiness industry to cover investment projects applying plant factory technology. The enhanced incentive programs also cover related activities to the farming process including silo and cold storage room operations, animal feed production and manufacture of agricultural by products which apply technologies to improve energy efficiency and reduce greenhouse gas emissions.

These incentives combined with the investment promotions that the BOI previously offered to investment projects that adopt smart farming technologies such as computerized testing and screening of seeds, drone for plantation inspection, and use of modern Agri-tech are among Thailands moves to push forward precision agriculture which will improve competitiveness of the farm sector.

Thailand boasts the presence of many research and development powerhouses, as a result of the countrys continued efforts to strengthen institutions and human resource to support biotechnology during the past decades. Most notably, the National Center for Genetic Engineering and Biotechnology (BIOTEC), Thailand Center of Excellence for Life Sciences (TCELS), National Omics Center, Bio Center of Excellence and science academies have advanced the countrys research and development used in the agricultural sector, environmental management and healthcare through improved strains of economic crops, gene therapy and vaccine development for tropical diseases.

To further support Thailands development in R&D, the government has introduced a policy to nearly double the countrys spending in R&D to 2% gross domestic product by 2027, comparing with 1.1% in 20193. The policy calls for the Thai government to offer additional tax and non-tax incentives to ramp up the private sectors R&D spending with an aim that it contributes to three-fourths of the total spending target and increase the public sectors spending in R&D.

Meanwhile, the Ministry of Higher Education, Science, Research and Innovation has reoriented Thailands tertiary education curriculums to ensure graduates are equipped with skills that match the demand from businesses, especially for the industries identified as the countrys new sources of growth, including BCG4.

Thailand is pursuing a goal to become the leader in BCG economy or the Bio Hub among ten-membered Association of South East Asian Nations (ASEAN) by 2027, with a plan to improve competitiveness in industries that underpin growth particularly processed foods, biochemicals and medical and wellness sector. Thailands collective efforts by the public and private sectors and academia as well as its advantages in bioeconomy ecosystem poise to propel the country towards ASEANs top position for BCG in the foreseeable future.

Thriving Food and Farm Technology

The pandemic of the COVID-19 virus has underscored Thailands competitiveness as a major global exporter of food and processed food products as international shipments of these products have held up during the health crisis. The Thai government has earmarked a budget of US$ 213 million for the Ministry of Industry to implement action plans to further enhance global competitiveness and value added of the Thai food products over the next seven years, given to the industrys sizeable employment and significance in the local industrial supply chains5.

The plan targets to upgrade the processing of products such as rice, fishery, vegetables and fruits, livestock and biofood, apply digital technology to facilitate innovations and develop them to the commercial scale, beef up packaging as well as assisting entrepreneurs to access the global market.

As peoples health and environmental consciousness grows, Thailand has a proliferation of new breeds of entrepreneurs for production of healthy diets such as plant- and insect-based proteins and organic products. Thailand aims to enhance diversification and differentiation of food products and upgrade more of them towards products of higher value such as future healthy food and functional ingredients which will use to produce healthy diets, medical food and cosmeceuticals.

Growing Circular Economy

Thailand is embracing the circular economy model which focuses on economic transformation towards the greatest use of resources, the minimum new resource inputs and waste reduction. While serving as the Thai peoples approaches towards the environmental challenges, the circular economys three key principles of reduce, reuse, and recycle along with the zero waste business model are emerging as one of Thailands most promising opportunities across employment spectrums ranging from local communities to small and medium-sized businesses and corporates.The Eastern Economic Corridor (EEC) has also adopted the circular economy as framework for operations6.

Growing environmental consciousness among Thai people and their rich creativity have created numerous businesses in the countrys circular economy, as seen from proliferation of recycle and reuse activities and eco-friendly product designs and services. For example, businesses turn agricultural raw materials into housing and decorative items, recycle old textile threads and reuse certain construction materials in new projects7.

Importantly, Thailands vast production of agricultural raw materials such as cassava, sugarcane and palm oil coupled with the established agribusiness supply chain have fueled local renewable energy and waste-to-energy industries.

Thailands Ministry of Energys Integrated Energy Blueprint calls for significant growth of biomass, biogas and electricity8 from municipal and agricultural waste over the next 15 years, serving the efforts to boost incomes in the farm sector and the grassroots economy and the countrys plans for environment restoration.

The government targets that renewable energy and waste-to-energy technologies will replace around one-third Thailands total energy

consumption, creating significant new opportunities for local communities to turn agricultural raw materials and waste to energy within the timeframe9.

The Business of Going Green

By promoting Green Economy concept, Thailand is transforming its transportation networks, manufacturing process, consumer behavior, urban development and environmental management for lower carbon dioxide emissions.

The biochemical industry is one of the countrys targeted industry as it has the ability to add significant value to raw agricultural products such as sugar cane and rice husk which are used to produce polylactide to feed manufacture of bioplastics products which are currently among the countrys top exports items.

Under the Public Private Partnership for Sustainable Plastic and Waste Management (PPP Plastic), Thai corporates have collaborated with the government to reduce use of plastic materials and replacing plastic with biodegradable materials. The governments Plastic Waste Management Roadmap calls for all plastic wastes to be reused of by 202710

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BCG economy thriving on rich biodiversity and technological strengths - Bangkok Post

Why special education funding will be more equitable under new state law – EdSource

Credit: Andrew Reed / EdSource

A special education teacher walks down a hallway with her student in a Northern California school.

A special education teacher walks down a hallway with her student in a Northern California school.

Californias method of funding special education will becomestreamlined and a little more equitable, thanks to a provision in the recently passed state budget.

The 2020-21 budget fixes a decades-old quirk in the funding formula that had left vast differences between school districts in how much money schools received to educate special education students.

The old formula, created in the late 1970s and last updated in the early 2000s, based funding on how many students a district had overall, not just its number of students in special education. The result was that some districts received up to $800 extra per student per year to educate students in special education, while others received as little as $500.

The new formula adjusts some of those criteria, and brings districts at the lower end up to the state average of $625 per student per year. Districts that previously were receiving more will still get that same amount annually, so they wont be penalized. To make up the difference, the state will be spending an additional $550 million on special education, plus an additional $100 million set aside for students with costly disabilities, such as genetic disorders that require specialized services.

This is a very significant increase in special education funding. Its the culmination of many years work, said David Toston, associate superintendent of the El Dorado County Office of Education and chair of the California Advisory Commission on Special Education. Considering the economy, we were bracing for the worst. I was very surprised and appreciative the (Newsom) administration was able to follow through on its commitment.

The budget also includes funding to fix other wrinkles in Californias special education policy. It creates several workgroups to address key areas, such as alternative diploma pathways for students with disabilities. It also will address the sometimes-rocky transitions children make when they move to schools from regional disability centers, which provide programs for infants and toddlers, as well as from school to the California Department of Rehabilitation, which provides independent living and employment services for adults with disabilities.

It also sets aside $15 million to recruit and train special education teachers.

The new funding is part of a broader, multi-year state effort to tackle some long-standing hurdles to how schools provide special education, said Jason Willis, area director of strategic resource planning and implementation at WestEd, a research and technical assistance firm.

California is trying to think about this holistically, he said. But right now, for administrators, this will offer a little relief, especially in an environment where the economy is struggling.

Gov. Gavin Newsom, who has dyslexia, has long championed special education. In his May speech about his proposed budget revisions, he said the additional special education funding will be renewed annually.

I care deeply about special education, and I could not in good conscience be part of dismantling of a commitment we had made well over a year ago to substantially improve special education in the state of California, he said. Nothing breaks my heart more than seeing people with physical and emotional disabilities, people so often left behind and forgotten, falling even further behind.

He also acknowledged that the state has more work to do.

We are not even close to where we need to be in terms of protecting those folks, he said.

Carolynne Beno, a former director for the Yolo County Special Education Local Plan Area and an education lecturer at UC Davis, agreed that the additional funding is a good start, but not nearly enough to address schools growing needs.

She pointed out that while overall enrollment is declining in California, the number of children in special education is growing. In 2018-19, almost 800,000 California students about 13% of overall K-12 enrollment were enrolled in special education, receiving services for dyslexia, autism, emotional disorders, cerebral palsy and other conditions.

Schools are also seeing an increase in students with disabilities that are costly to address, such as severe autism, she said. And staffing shortages are forcing districts to hire outside workers, such as speech therapists and psychologists, which also adds to expenses.

Consequently, despite the increased funding in the budget, students with disabilities and their families probably wont see significant differences in the services they receive, she said. We need to remain committed to (making funding more equitable), funding for preschoolers with disabilities and additional funding for students with the most needs.

She also noted that most families might not notice a difference in services because districts try to provide a full range of services regardless of how much money they receive from the state.

Special education funding in California has been a challenge for decades. When the Individuals with Disabilities Education Act passed in 1975, mandating that schools provide a free, appropriate education to all children, the federal government agreed to fund 40% of states special education costs. But federal spending has never reached that level, and in recent years has provided only about 15% of Californias costs. The remainder is covered by the state and local districts.

As the state navigates economic uncertainties caused by the pandemic, advocates for special education say theyre heartened that so far, programs for students with disabilities have been spared.

Its clear that this administration is making special education finance reforms a priority, Willis, from WestEd, said. Thats significant, especially as were walking into a recession.

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Microsoft commits to achieve ‘zero waste’ goals by 2030 – Microsoft

Every year, more than 11 billion tons of waste are produced worldwide according to the United Nations Environment Programme. A byproduct of our daily lives and every sector of the worlds economies, the trash we discard pollutes our land, clogs our waterways, depletes our natural resources and contaminates the very air we breathe. We recognize the urgent need to protect the worlds ecosystems and reduce the carbon emissions that come from the creation, distribution and disposal of waste. Thats why were announcing today our goal to achieve zero waste for Microsofts direct operations, products and packaging by 2030.

Our zero waste goal is the third sprint in Microsofts broad environmental sustainability initiative launched earlier this year focusing on carbon, water, ecosystems and waste. We are setting ambitious goals for each and empowering our customers with the technology and our learnings to do the same.

To address our own waste creation, Microsoft will reduce nearly as much waste as we generate while reusing, repurposing or recycling our solid, compost, electronics, construction and demolition, and hazardous wastes. Well do this by building first-of-their-kind Microsoft Circular Centers to reuse and repurpose servers and hardware in our datacenters. Well also eliminate single-use plastics in our packaging and use technology to improve our waste accounting. We will make new investments in Closed Loop Partners funds. And finally, well enlist our own employees to reduce their own waste footprints.

By 2030, we will divert at least 90 percent of the solid waste headed to landfills and incineration from our campuses and datacenters, manufacture 100 percent recyclable Surface devices, use 100 percent recyclable packaging (in Organization for Economic Cooperation and Development, OECD, countries), and achieve, at a minimum, 75 percent diversion of construction and demolition waste for all projects. This work builds on our ongoing waste reduction efforts that started in 2008 which resulted in the zero waste certifications of our Puget Sound Campus and our datacenters in Boydton, Virginia and Dublin, Ireland.

Microsoft Circular Centers

To meet the growing demand for our cloud services, our datacenter footprint and the 3 million servers and related hardware that power it must expand. Today, these servers have an average lifespan of five years and contribute to the worlds growing e-waste problem. To reduce this waste, we plan to repurpose and recycle these devices through new Microsoft Circular Centers, which will be located first on our new major datacenter campuses or regions, and eventually added to existing ones.

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Using machine learning, we will process servers and hardware that are being decommissioned onsite. Well sort the pieces that can be reused and repurposed by us, our customers, or sold. We will use our learnings about reuse, disassembly, reassembly and recycling with design and supply chain teams to help improve the sustainability of future generations of equipment. Microsoft Circular Centers build on our earlier circular cloud initiatives to extend the lifecycle of our servers and minimize the waste sent to landfills.

In Amsterdam, our Microsoft Circular Center pilot reduced downtime at the datacenter and increased the availability of server and network parts for our own reuse and buy-back by our suppliers. It also reduced the cost of transporting and shipping servers and hardware to processing facilities, which lowered carbon emissions. We expect the Microsoft Circular Centers to increase the reuse of our servers and components by up to 90 percent by 2025.

Eliminating single-use plastics in packaging

Approximately 300 million metric tons of plastic are produced every year, 50 percent of which is used one time. And, half of this plastic waste comes from packaging. The scale of this problem and its impact on our oceans, waterways and land requires bold action, which is why we are eliminating single-use plastics from our packaging by 2025. This includes plastic film, primary product packaging and our IT asset packaging in our datacenters.

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Improving waste data

Today, there is no consistent, high-quality data about the amount of waste, the type and quality, where it is generated and where it goes. In addition, data differs considerably depending on the waste category. For example, data about hazardous waste and electronics is well accounted for and tracked due to regulations and robust management systems for both. However, data about construction and demolition waste does not have consistent measurements or reporting.Waste data needs a standardized methodology, better transparency and higher quality. Without more accurate data, its nearly impossible to understand the impact of operational decisions, what goals to set, and how to assess progress, as well as an industry standard for waste footprint methodology.

Since we cant solve a problem that we dont fully understand, we are investing to digitize waste data across the company to identify opportunities to improve waste data collection. This digital solutions for our operations will include technology to track and report on dashboard waste, Power BI platforms for e-waste chain-of-custody, and improving Microsoft Power Apps which helps us capture real-time waste data. As we gain clarity and confidence in our broader waste footprint we will include more precise waste data in our public reporting.

Climate Innovation Fund investment: Closed Loop Partners

Were investing $30 million in Closed Loop Partners funds to help accelerate the infrastructure, innovation and business models forsupply chain digitization, e-waste collection, food waste reduction, and recycling industry productsto build a more circular economy at scale. Closed Loop Partners isa pioneering investor incircular economy innovation with a track record ofworking with corporate partners to pilot new solutions. In addition to benefiting from the technologies that are being developed, we plan to use learnings from our partnership to inform Microsofts circular economy initiatives in our devices and cloud value chains, specifically packaging, e-waste and waste diversion from landfills.

Empowering our customers

We will share our learning from our own zero waste journey with our customers, who are already using our technology to better understand, measure and reduce their own waste footprint. In 2019, Microsoft along with H&M, Target, PVH Corp. and others partnered with Eon to explore the need and to formulate a suggestion of global standard powered by Azure called Circular ID. This platform tracks a garment in an effort to create a more sustainable fashion economy by reusing clothing through rental, resale or recycle, rather than being destroyed.

Dutch nonprofit Madaster Foundation is also using digital identities to eliminate waste. Madasters platform tags materials with an identity, so they can be recycled, resold and reused, driving more sustainable construction decisions. Vancouver-based Spud.ca and its eGrocery software platform platform FoodX, an online organic food delivery company, built a logistics platform on Microsoft Azure and Dynamics 365 that uses AI to lower food waste. In one year, SPUD diverted 265,971 kilograms of waste from the landfill, preventing 444 tons of carbon from entering the atmosphere, and saved 3,564,275 liters of water.

Of course, recycling and reusing materials to divert them from landfills is key to reducing waste. Colchester Borough Council in the U.K. provide services to 192,500 residents, from licensing to recycling. The council is moving function-specific systems to Dynamics 365, unifying its data across intelligent business applications. The recycling tracking system provides reporting via Microsoft Power BI, showing data like heatmaps of problem spots for collections or where residents need more encouragement to recycle.

Resource management firm Veolia is embracing technology to transform its business with circularity in mind. It is using Microsoft technology across its business, from dispatch and garbage collection, and with the use of sensors to collect data including vehicle location, bin weight and location, photo capture of bin contents and more. The data is used for a wide range of scenarios including flagging improper bin contents to prevent problems with downstream recycling and processing.

Enlisting our employees

Our employees play an important role in our companys waste footprint. As we did with our carbon and ecosystems announcement, we are inviting our employees to participate in our waste reduction efforts. To show employees the impact of their actions and how much waste they generate, we are developing an internal Power BI waste data dashboard. This will be available starting with employees based at the Puget Sound campus and expand to campuses around the world. The dashboard will display the average waste generated per employee and can be used to test effectiveness of waste reduction campaigns, implementation of waste prevention initiatives and more.

In addition, we will launch our first waste reduction challenge, a month-long, online challenge connecting individual action to collective impact later this year. Our employees will have the opportunity to learn how they can participate in Microsofts corporate waste program and commit to taking impactful action in their daily lives. The challenge will focus on actions employees can take at home during the global health crisis. These challenges will incorporate themes of waste prevention, material reuse, circular economy and waste equity. We will also create more opportunities for our employees to become actively involved, both in company-wide activities, like our annual weeklong hackathon that will include a call for proposals on waste reduction.

Our collective challenge

No one person or organization can solve the global waste problem. It will take all of us doing our part, including using better data to understand the problem and make smart waste policy decisions.

Zero waste is an ambitious goal, but minimizing our own waste footprint is essential to preserving the natural resources and reducing waste-associated carbon emissions to ensure our economies and societies around the world thrive for generations to come.

Tags: Brad Smith, Environment, sustainability, zero waste

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Microsoft commits to achieve 'zero waste' goals by 2030 - Microsoft

Ethereum (ETH) Is Continuation of Satoshis Vision, Says Founder Vitalik Buterin – CryptoComes

Vitalik Buterin, the Russian-Canadian prodigy who co-founded Ethereum, claims that his brainchild is not opposed to Bitcoins elusive creator, Satoshi Nakamoto, in his latest tweet. In fact, Buterin says that Ethereum is actually a continuation of Satoshi'svision.

With this statement, Buterin shows his commitment to fighting the tribalism that is prevalent within the cryptocurrency community.

After co-founding Bitcoin Magazine in 2012, Buterin went on to work on his own project that would expandcryptos use cases far beyond financial transactions. This ended up becoming the second-largest blockchain that recently celebrated its fifth anniversary.

Back in June 2017, Ethereum came close to surpassing Bitcoins market cap, securing a 31 percent market share. With Ethereum starting to significantly outperformBitcoin this year due to the DeFi explosion, the flippening narrative is picking up steam again. This inevitably led to heated debateabout what isactually driving the recent market rally.

This year, Buterin himself took a couple of veiled and not-so-veiled swipes at the bellwether coin himself. Back in May, he argued that Bitcoin was more centralized than Ethereum, which ruffles the feathers of Bitcoin maximalists.

After Bitcoiners joined forces with Tron CEO Justin Sun, Buterinmade a clumsy historical comparison between their bizarre alliance and the Axis powers.

On the heels of the mushrooming growth of synthetic BTC-backed ERC 20 tokens, Buterin also made a controversial remark that Ethereum could end up in first place:

Another thing that could happen is that there's just more and more demand for this, and Ethereum becomes that of the primary place where Bitcoin activity happens.

Speaking about the unknownidentity behind the nameSatoshi Nakamoto, whose vision Ethereum is supposed to represent, Buterin opined that it helps to detach the project from its creator and prevent someone from misinterpreting his ideas:

All that's remaining if that whole process is the thing itself then I think no one can go, and try to and if interpret any of your other behavior.

Notably, self-proclaimed Satoshi Craig Wright, the main backer of the infamous Bitcoin Satoshi Vision (BSV) fork, sued Buterin for calling him "a fraud,"but the lawsuit went nowhere.

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Alex covers all things crypto from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. Hes a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.

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Ethereum (ETH) Is Continuation of Satoshis Vision, Says Founder Vitalik Buterin - CryptoComes

Bitcoin Has Held Over $10k for Nearly Two Weeks: What Happens Now? – Finance Magnates

So far, this year has been a big one for Bitcoin: after a spectacular price crash in March, BTC managed to hold levels between $8,500 and $9,800 for nearly three months, occasionally kissing $10,000. Never before had Bitcoin managed to sustain something so close to $10,000 for such a long time.

Now, however, it seems as though $10,000 may be in Bitcoins rearview mirror for some time to come: on Monday, July 27th, Bitcoin broke past the $10,000 marker and hasnt looked back since.

The Most Diverse Audience to Date at FMLS 2020 Where Finance Meets Innovation

In fact, Bitcoins now seems to be courting the $12k resistance level. Since Tuesday, July 28th, Bitcoin has been dancing between $11,200 and $11,800 and has occasionally reached alllllllmost up to $12k (according to CoinMarketCap), or even past it (on certain exchanges). Now, some analysts are identifying $50k as Bitcoins next major target.

Whats driving this latest bull run? Will Bitcoin keep up its momentum, or will BTC once again fall below $10k?

Many experts within the cryptocurrency space seem to agree that there are several main factors that are pushing BTC upward: primarily among these, however, is global economic instability.

Indeed, Marie Tatibouet, chief marketing officer at cryptocurrency exchange Gate.io, told Finance Magnates that the price of Bitcoin may have been boosted by the current situation of the world.

This includes the instability caused by the pandemic, the stock market falling, the US and China market wrestling dollar vs. yuan, or a big fear of inflation on a global scale, just to highlight some, she said.

Indeed, the economic turmoil that has resulted from the global pandemic has also caused people to reconsider their beliefs about their national currencies, a factor that could also be contributing to Bitcoins ascent.

For example, Evan Bayless, the operator of WhatIsMoney.info, also pointed out to Finance Magnates that we as a society are very accustomed to looking at the value of everything in terms of our national currencies: we think that dollars and other major fiat currencies are stable, he said.

However, the incredibly fast and drastic response of the Fed and other central banks to the COVID-induced lockdowns (and the subsequent economic fallout) has caused the idea that fiat currencies may not be a consistent yardstick for measuring value to begin to enter the public consciousness, he said.

In other words, the massive amount of quantitative easing that the United States central bank decided to do earlier in the year seems to have shaken the public perception of the almighty dollar and other major fiat currencies.

Therefore, Bitcoin may be capitalizing off of its functionality as an inherently scarce asset: as central banks continue to pump liquidity in the system, investors are looking for anything that has a limited supply and cannot be debased, Evan Bayless told Finance Magnates.

This is why youre seeing blue-chip stocks, gold, and bitcoin seeing massive rises with other assets following suit, in accordance with how easy it is for producers to create more of the asset and push the price back down. We are seeing a scramble for asset preservation.

Gate.ios Marie Tatibouet also believes that the current public discussion about the nature of money may be benefiting Bitcoin: Bitcoin was created as an alternative option, and its price movements are proof of how more and more investors are opting for that alternative.

However, its unclear whether or not the momentum that Bitcoin seems to have gained from the global events of this year will continue into the future.

Now that Bitcoin seems as though it may have stabilized above $10k, a number of Bitcoin-bullish commentators and analysts seem to have focused in on a new target: $50,000.

For example, Vinny Lignham, chief executive of CivicKey and general partner at MultiCoinCapital, wrote on Twitter that because Bitcoin doesnt conform to the typical Sharpe Ratio calculations, it could be possible that if Bitcoin doubled from here, its likely to go past $50k, which would be a 5x increase from today. This essentially means a 2x increase produces, in effect, a 5x upside.

Additionally, Altcoin Forrest reported on August 1st that $150,000 worth of Bitcoin (BTC) $50K call options for June and December 2021 strikes had been traded on LedgerX over the course of the past several weeks.

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The traders who bought these options were essentially paying $1,000 for the privilege of purchasing Bitcoin 440% above the current price in 18 monthsanother factor that seems to demonstrate a strong belief that Bitcoin is on its way up to $50k.

And at the moment, things do look positive for Bitcoins future: Sergei Khtirov, founder and chief executive of Listing.Help, told Finance Magnates that currently, [] there are still huge volumes on the market, and the market is constantly fueled by positive news and the growth of other cryptocurrencies.

Still, though, as good as $12,000 may feel for the moment, it may be too soon to say that Bitcoin will hit $50k anytime within the next 12-24 months.

Indeed, the $50,000 mark for Bitcoin is still far enough away, Khitrov told Finance Magnates.

In other words, there are plenty of steps on the road from $12k to $50k: for example, in our opinion, the previous resistance level at $14000 may be tested in the second half of this year, Khitrov said.

And, of course, there is still a good chance that Bitcoins current momentum above $10k could come to a screeching haltand even reverse.

It is always possible that a Bart Simpson trading pattern will be repeated in case of negative news on the market, Khitrov said. In this case, a retest of the level of $10,000 is quite possible, which remains a significant psychological benchmark. Falling below it will mean the end of the recent bull run.

After all, it wouldnt be the first time that Bitcoin seemed as though it was there to stay over $10k before falling back to much lower levels.

For example, throughout much of June, July, and August of 2019, the price of Bitcoin sat comfortably above $10k, at one point reaching as high as roughly $13,500.

However, in September, BTC seemed to lose its momentum: by midway through December of 2019, BTC had fallen to roughly $7,170.

Indeed, Daniel Worsley, co-counder and chief operating offcer of LocalCoinSwap, told Finance Magnates that it is definitely possible that we will see sub-$10k prices again.

Bitcoin has a history of high volatility, Worsley explained. Although it has reduced in recent times, it is still prevalent. I do not think it will ever sit below this price for long moving forward. I would expect to see strong resistance at the $10k level as this is a big barrier for investor psychology.

On the other hand, though, in 2015, Bitcoin reaching $100 seemed unrealistic, Worsley pointed out. Now, a price that low is unimaginable.

Therefore, Worsley believes that just as Bitcoin could fall back below $10k again, its also possible that Bitcoin could easily hit $50k.

After all, the pandemic is far from over and more and more people are now learning about Bitcoin and cryptocurrencies.

And indeed, it does seem as though more people than ever are interested in learning about and investing in cryptocurrencies as a way to make extra money: a number of cryptocurrency exchanges and fintech apps that support cryptocurrency trading have reported high numbers of new users over the past several months.

Increased levels of interest in cryptocurrencies that have developed recently are also evidenced by the altcoin boom that has been taking place: a number of altcoinsparticularly in the DeFi sectorhave made headlines over the past several months for their positive price performance.

Of course, some of the altcoin success seems to be tied with Bitcoins performance: altcoins play a game of cat and mouse with Bitcoin, Evan Bayless explained. When Bitcoin surges, traders sell alts into Bitcoin, and vice versa.

Therefore, Daniel Worsley believes that the current altcoin season could draw to a close if Bitcoins positive performance keeps up: many low-cap altcoins will be adversely affected by increased Bitcoin prices as current holders will convert these holdings to Bitcoin in an attempt to maximize profit, he said.

However, higher-cap and more established altcoins like Ethereum will likely benefit from increased interest in Bitcoin by proxy as new investors will look at other investment opportunities in the crypto-space and these have a proven track record and use-cases.

On the other hand, though, Evan Bayless believes that we may be at the cusp of another period similar to 2016/2017 where scammers (and some well-intentioned entrepreneurs) attempt to hijack bitcoins momentum by promising bitcoin but better and duping retail investors into parting with their bitcoin in order to get in on potentially higher gains.

What are your thoughts on the recent price movements of Bitcoin? Will Bitcoin reach $50k? How is Bitcoin affecting altcoins? Let us know in the comments below.

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Bitcoin Has Held Over $10k for Nearly Two Weeks: What Happens Now? - Finance Magnates

Cryptocurrency the one to beat in optional claiming event – Loop News Jamaica

Down-in-class runners, CRYPTOCURRENCY, TOP SHELF and BASTUSROL, competing on claim tags for the first time ever, face in-form POLLY B at five furlongs round in Saturdays $850,000-800,000 optional claiming event at Caymanas Park.

POLLY B made all at the level,at five and a half furlongs, two Saturdays ago, beating MR UNIVERSE in fast splits of 22.2 and 45.3. However, at 118lb, POLLY B is too close in the scale with CRYPTOCURRENCY, TOP SHELF and BALTUSROL, runners who have been keeping better company.

BALTUSROL and CRYPTOCURRENCY, especially, are strong early runners. Oneil Mullings is aboard CRYPTOCURRENCY, who led super-fit run-on sprinter PRINCE CHARLES on June 27 before resorting to her habit of hauling up.

Last Saturday, CRYPTOCURRENCY was matching strides with FATHER PATRICK before being squeezed for space near the half-mile marker.

Should CRYPTOCURRENCY run an honest race, similar to her recent effort behind two return winners, 2000 Guineas champion, WOW WOW, and UNIVERSAL BOSS, she will be a tough horse to beat in the second of nine races scheduled.

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Cryptocurrency the one to beat in optional claiming event - Loop News Jamaica

More freedom to banks, further rate cut not ruled out: 10 key takeaways from policy meet – Economic Times

NEW DELHI: The focus of the Reserve Bank of India (RBI) shifted to alternate methods of providing reliefs rather than pumping more money into the banking system, in a way accepting most of industry and Streets demands.

RBI gave more freedom to banks to deal with loans while keeping mum on moratorium. The monetary policy committee (MPC) said Indias GDP growth is likely to slip in the red during the fiscal year.

As per expectations, the committee unanimously voted to maintain the status quo. It kept repo rate at 4 per cent and reverse repo rate at 3.35 per cent while not ruling out further rate cuts.

Here are key takeaways from the policy meet:Liquidity shot in the arm for MFsRBI Governor Shaktikanta Das said abundant liquidity has supported many segments of financial markets, including mutual funds, and the situation has stabilised since the Franklin Templeton episode.

Assets under management of Debt MFs, which fell to Rs 12.20 lakh crore as on 29 April, 2020, recovered and improved to Rs 13.89 lakh crore as on July 31, 2020, he said.

Recasting of MSME loansThe central bank allowed restructuring loans of the MSME sector, which came under heavy stress due to the lockdown and the following slump in demand.

It has been decided that stressed MSME borrowers will be made eligible for restructuring their debt under the existing framework, provided their accounts with the concerned lender were classified as standard as on 1 March, 2020. This restructuring will have to be implemented by 31 March, 2021, the central bank said.

More loans for your goldAs gold prices have been soaring, the central bank said it will now allow lenders to lend 90 per cent of the value of gold jewellery against earlier 75 per cent. This is likely to help Indian households, who are sitting on the largest amount of gold ornaments in the world.

Lockdowns hit high-frequency indicatorsThe MPC said even though the economic activity had started to recover from the lows of April-May, the surges of fresh infections have forced re-clamping of lockdowns in several cities and states. Consequently, several high frequency indicators have levelled off.

Petro tax fuel inflationThe central bank said higher domestic taxes on petroleum products have resulted in elevated domestic pump prices and will impart broad-based cost push pressures going forward.

It said inflation will remain elevated in the second quarter but may ease once new crops come into the market. Nonetheless, upside risks to food prices remain as vegetables and protein-based food items (meat, fish, etc.) could also emerge as a pressure point.

Low rates give boost to bond marketLower borrowing costs have led to record primary issuance of corporate bonds of Rs 2.1 lakh crore in the first quarter of 2020-21, the MPC said.

It noted the transmission of policy rate cut to bank lending rates has improved further, with the weighted average lending rate (WALR) on fresh rupee loans declining by 91 bps during March-June 2020.

Das in his statement noted that borrowing costs in financial markets have dropped to their lowest in a decade, with commercial paper yield for NBFCs falling to 3.8 per cent and non NBFCs to 3.4 per cent.

GDP to take a plungeFor the year 2020-21, as a whole, real GDP growth is expected to be negative, the MPC said. An early containment of the Covid-19 pandemic may impart an upside to the outlook. A more protracted spread of the pandemic, deviations from the forecast of a normal monsoon and global financial market volatility are the key downside risks, it said in its statement.

Space for rate cut availableThe committee said the economy is going through unprecedented stress and hence supporting the recovery of the economy assumes primacy in the conduct of monetary policy.

While space for further monetary policy action in support of this stance is available, it is important to use it judiciously and opportunistically to maximise the beneficial effects for underlying economic activity, it said.

Eternal optimismDespite all challenges on the monetary and economic front, Governor Das said he remains eternally optimistic. Throughout this traumatic period, one thing has stood out the indomitable spirit of humanity, the inner conviction that whatever be the challenge, we have the innate resilience to combat them, overcome them and emerge victorious, he said.

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More freedom to banks, further rate cut not ruled out: 10 key takeaways from policy meet - Economic Times

In HBO film, Ken Buck suggests he will leave Congress soon – The Denver Post

In an upcoming HBO documentary, U.S. Rep. Ken Buck paints a bleak picture not only of Congress but also of his own political party and the conservative movement in this era of President Donald Trump, before suggesting he will retire soon.

The problem with the Republican Party now is that we have such a fresh history of violating the Constitution, of violating fiscal responsibility, of violating personal accountability, that we dont have a high ground to stand (on) and say, You guys are doing the wrong thing, says Buck, a Windsor Republican and chairman of the Colorado Republican Party, in a documentary called The Swamp.

The movie, which debuts 7 p.m. Tuesday, follows three Republican congressmen Buck, Matt Gaetz of Florida and Thomas Massie of Kentucky through 2019 as they reveal their frustrations with the influence of lobbyists, the power of congressional leadership and a lack of legislative progress. In the film, which The Denver Post screened, Buck often appears exasperated and cynical.

As you see from our movie, Ken is sad, said Morgan Pehme, one of the films directors, in an interview. Ken is beaten down by the system. I feel sad for Ken sometimes because you go in there, you think youre going to make a difference, youre a member of Congress, you have the pin on, and then you realize youre just another vote in the pocket of (congressional) leadership.

During one scene late in the film, a camera pans over a framed Post article from Bucks first congressional election victory in 2014, which hangs in Bucks office near the U.S. Capitol. Then he offers a dark assessment of his tenure.

I have to tell you, I think this place has drained me of a certain amount of life. After having been here for five years, I have no illusion that what I say, anybody cares about. I have thought about leaving and I dont know whether this is my last term or whether Ill run for one more term. I do know that a lot of the folks at home will not understand the long-term implications of whats happening here in D.C.

Buck did ultimately decide to run for re-election in 2020 and is favored to win over Democratic challenger Ike McCorkle on Nov. 3 in the safely Republican 4th Congressional District of eastern Colorado. McCorkle said its disingenuous for Buck to distance himself from a corrupt political establishment the congressman is a prominent part of.

He hasnt done anything for Colorado and even admits so himself, McCorkle said of Bucks remarks. Coloradans need real fighters in Congress who will represent their interests. Ill be that fighter, because as a veteran and Purple Heart recipient, I always have been. If Ken Buck isnt up to the job, he needs to step down.

Reached for comment, Bucks spokeswoman, Lindsey Curnutte, said he remains focused on serving his constituents in the 4th District and hasnt discussed any retirement plans with his staff.

If Buck retires before the 2022 election, there will likely be a crowded Republican primary to succeed him. The 4th District currently includes Douglas County, home to several Republican state legislators and ambitious politicians. That may change when congressional districts are redrawn following the 2020 Census, however.

Buck was a founding member of the House Freedom Caucus, which formed in 2015 to act as an ultra-conservative voice and quickly proved willing to criticize Republican leadership for being insufficiently conservative, especially on fiscal matters. But the caucuss influence has dwindled in recent years and its members have rarely criticized Trump, despite his disinterest in fiscal conservatism.

This president has presented budgets that are huge, Buck says in the film. Typically, the Freedom Caucus would be leading the charge to criticize an executive branch proposal that costs that much money. Now thats just not the case and its not the case because when the Freedom Caucus members look at their political base, they realize that so much of their base are Trump lovers (and) nothing this president does can possibly be wrong, so they cant criticize the president.

The congressman expands on this train of thought in the films closing minutes, telling an interviewer, Taking on President Trump is unwise and President Trump has no problem doing a touchdown dance every time a Republican critic loses, and so he reinforces the idea that it is a bad idea to take him on.

The documentary was partly inspired by Bucks 2017 book Drain the Swamp, according to Pehme and co-director Daniel DiMauro. The directors describe themselves as liberals who were surprised to discover how many government reform ideas they share with a hardline conservative like Buck. The Coloradan was the first member of Congress who agreed to take part in the documentary.

Pehme and DiMauro believe the film is an opportunity to bring Americans of all ideologies together in agreement that Congress has been made impotent by infighting and made corrupt by corporate lobbying and almost constant fundraising.

Although ideologically we disagree with (Buck) on so many things, the fact is we agree with him on two fundamental things that we think are so critical for the future of our country, which is the corruption of the Congress and the issue with never-ending wars around the world, DiMauro said in an interview.

Pehme said Buck, a 61-year-old who has battled cancer and survived a heart attack, wrestled throughout 2019 with whether to run for re-election in 2020 or retire from Congress, before ultimately deciding on the former route.

There was an opportunity with this movie, Pehme said, for Ken to be a Gary Cooper-type figure who just walks out of the town as the sheriff, hangs up the sheriffs badge and walks off into the sunset.

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In HBO film, Ken Buck suggests he will leave Congress soon - The Denver Post

Biden’s Climate Plan Would Put Us on the Road to Serfdom – The Heartland Institute

Recently a colleague of mine, David Wojick, Ph.D., opined that presumptive Democratic presidential nominee Joe Bidens climate and energy plans are full of promises Biden cant keep. Wojick is correct in the sense that Biden makes many promises he cant enact through executive actions alone. Unfortunately, I fear Wojick is being far too optimistic about whether Congress would go along with the crazy climate initiatives Biden has promised.Even if the presidency and both houses of Congress fall into the Democrats hands in the 2020 elections, Congress will shy away from enacting the climate restrictions Biden is pushing, Wojick argues. But most of these policies come from his advisors, who are in fact among the most radical members of Congressthink Bernie Sanders (D-VT) and Alexandria Ocasio-Cortez (D-NY)and theyve pushed these policies even in the current divided government. Think what they would do if presented with even full control of the federal government.For years, these delusional climate alarm Chicken Littles and some Republican allies have pushed policies that would wreck the economy. Why believe they wont practice what they preach if the Democrats finally get virtually unfettered power?Wojick correctly points out Bidens climate policies would cost trillions of dollars, but that erects no barriers to a Congress that just spent trillions of dollars with little concern for fiscal responsibility during the pandemic, much less a legislature controlled entirely by Democrats with no ability for fiscal conservatives to keep them in check. To avoid the electoral punishment Wojick warns of, these aging, experienced, radical political mandarins (such as Raul Grijalva, D-AZ, and Sheldon Whitehouse, D-RI) will simply establish a timeline sufficiently distant in the future for meeting the policy targets that the full impact wont be felt until after they have died or left office, likely for cushy jobs with green energy or green consulting companies that benefit from the climate laws they will pass under Biden.What would Bidens climate policies entail?Many of the climate policy promises Biden has made come straight out of the Green New Deal (GND) handbook. In February 2019, I broke down some of the incursions on personal freedom that would flow from the GND if it were to become law. At the cost of trillions of dollars, Bidens climate plans, like the GND, would require a complete makeover of the economy and peoples lives within only 10 to 15 years.Theres no more consequential challenge that we must meet in the next decade than the onrushing climate crisis, said Biden in announcing his Plan for a Clean Energy Revolution and Environmental Justice, taken from the Biden-Sanders Unity Task Force. Bidens plan says the United States must achieve net-zero greenhouse gas emissions as soon as possible, and no later than 2050. To reach net-zero emissions as rapidly as possible, Democrats commit to eliminating carbon pollution from power plants by 2035.To reach this goal, power plants, mines, oil and gas fields, and refineries would have to be prematurely mothballed, throwing out of work millions of high-paid, often union workers, and vast expanses of the country would have to be covered with a minimum of 60,000 new wind turbines, five million solar panels, and tens of thousands of miles of new power lines.I guess the workers forced out of the coal mines, oil fields, and power plants might wind up stringing wires or installing solar panels, but destroying productive jobs that supply cheap, reliable energy for a set of lower-paying jobs to produce more-expensive, less-reliable energy seems like a bad trade to me, though the wealthy stockholders who would benefit from higher profits under this scheme will probably disagree.The Biden-Sanders plan also targets homeowners and brick-and-mortar businesses, stating,

Whether they welcome it or not, homeowners and businesses would see federal agents or local building code inspectors come into their dwellings and offices to determine the buildings energy efficiency and require them to upgrade to meet new energy standards. Manufacturers would be forced to replace popular appliance models with a whole new series of appliances designed not to satisfy consumers demands for quality and effectiveness but to meet the governments energy efficiency mandates. Under Biden, for example, people would have to say good-bye to their gas grills, gas stoves and ovens, gas dryers, water heaters, and air and heating systems. Manufacturers of the new, approved systems will be the ones to benefit.I advise readers to remember President Barack Obamas broken health-care promise that under Obamacare, If you like your health care plan and doctor, you can keep them, when Biden promises, If you like your computer, doors, stove, windows, and water heater, you can keep them.The same is true for drivers. Biden would force people to replace their gasoline- and diesel-powered personal and commercial vehicles with more-expensive, less-reliable electric vehicles per government diktat, over a decade or so. The countrys entire transportation infrastructure would have to be remade too, with new charging stations replacing the ever-present gas stations along the nations streets and highways. People will have to tack on charging time to any trip they take of more than a couple hundred miles.This may all sound like utopia to freedom-hating politicians, professors, and protesters, but it sounds like an authoritarian nightmare to me.

H. Sterling Burnett

SOURCES: CFACT; Red State; Climate Change Weekly 330; Climate Change Weekly 313; American Thinker

IN THIS ISSUE

CHANGES IN CARBON DIOXIDE AND TEMPERATURES NOT CORRELATED NATIONAL SCIENCE ORGANIZATIONS GET CLIMATE REALIST MANIFESTO STATES WARMER IN 1910s AND 1930s THAN NOW

CHANGES IN CARBON DIOXIDE AND TEMPERATURES NOT CORRELATED

Horst-Joachim Ldecke, Ph.D., an emeritus professor at the Saarland University of Applied Sciences in Germany, recently compared data from two independent, peer-reviewed studies, one examining temperature changes over the past 600 million years and the other plotting atmospheric carbon dioxide concentrations over that same period. His comparison of the two datasets shows there is no evidence that changes in carbon dioxide concentrations drive changes in temperatures and there is in fact no correlation between the two.

When overlain in a chart, the two datasets show some periods when rising carbon dioxide levels precede increases in temperature, but it shows other periods of millions of years where carbon dioxide were increasing while temperatures were falling, and other multimillion-year periods in which temperatures were increasing as carbon dioxide concentrations declined.

Ldeckes chart shows, for example, approximately 150 million years ago atmospheric carbon dioxide concentrations were above 2,000 ppmfive times todays atmospheric concentration of 410 ppmyet the global average temperature was more than 2C below the long-term mean. Even more starkly, 450 million years ago atmospheric carbon dioxide levels were 10 times higher than at present, yet global average temperatures were 3.5C lower than the mean used by climate alarmists as the supposed temperature optimum against which temperature deviations, which they refer to as anomalies, should be compared.

An honest examination of the data demonstrates, Theres no correlation between earth temperature and CO2, says Ldecke.

SOURCES: European Institute for Climate & Energy; Climate Depot

NATIONAL SCIENCE ORGANIZATIONS GET CLIMATE REALIST MANIFESTO

The Climate Intelligence Foundation, a research organization of hundreds of scientists and researchers spanning 26 countries, sent an open letter with its Scientific Manifesto expressing concern academic freedom is being suppressed in the field of climate science and replaced by demands for conformity of opinion. The letter was addressed to the presidents of the Royal Netherlands Academy of Arts and Sciences, the European Academies Science Advisory Council, the International Inter-Academy, and the U.S. National Academies of Science, Engineering, and Medicine. The mid-June letter and manifesto lay out 10 principles CLINTELs associated scientists say are critical to the success of scientific research.

Here are some of the principles:

CLINTELs letter concludes by calling for the various national and international science academies, which rightly or wrongly see themselves as the guardians of science, to defend academic freedom, the primacy of data, and the scientific method in the realm of climate research, all three of which are critically endangered.

SOURCE: Watts Up With That; Climate Intelligence Group

STATES WARMER IN 1910s AND 1930s THAN NOW

Despite climate alarmists repeated assertions that the past three decades have been the warmest in recorded history across the United States, temperature and extreme-weather records for each state catalogued by the National Climate Data Center tell a different story.

The vast majority of record-high temperatures for each state were recorded before the 1960s. Forty states record-high temperatures were set before 1960, with 25 of the record highs being set or tied in the 1930s alone. Since 1988, when NASAs James Hansen, the godfather of global warming hysteria, first pronounced (in a Senate hearing carefully staged by Sen. Al Gore, D-TN) humans were causing dangerous global warming, only eight states have set (or tied previously set) record-high temperatures. Three times as many state record temperatures were recorded in the 1930s alonetwo decades before humans began adding significant amounts of carbon dioxide into the atmospherethan have been recorded since alarming stories about global warming became a nearly daily feature of the mainstream medias news cycle.

New high-temperature records have been set in only two states since 2000, with the 1930s, not the 2010s, being the decade with the largest number of record-high temperatures. In fact, more states record highs were recorded in the 1890s than in the first two decades of the current century.

The Earth has warmed modestly since the mid-to-late 1800s when the planet began to thaw out of the Little Ice Age of the previous 300 years or so. The highest temperature extremes during this period occurred decades before humans began emitting significant amounts of greenhouse gases into the atmosphere.

SOURCE: National Climate Data Center; Not a Lot of People Know That

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Biden's Climate Plan Would Put Us on the Road to Serfdom - The Heartland Institute

Krishi Kalyan & Cashew India App: Farmers Breathe Sigh of Relief As Government Aims To Revive Indian Agro Industry – The Indian Wire

On 7th August 2020, Indian Railways inaugurated the first ever Kisan Rail from Maharashtras Devlali to Bihars Danapur. The train was given the green signal on a video conference call attended by Indian Union Minister of Agriculture and Farmers Welfare, Rural Development and Panchyati Raj- Mr. Narendra Singh Tomar and Minister of Railways and Commerce & Industry- CA Mr. Piyush Goyal.

The train will run on a weekly basis from various parts of the country. Kisan Rail translating to Farmers Train will make sure that agro products reach from one corner to another corner of our Nation. This farmers exclusive train will carry fruits and vegetables and will make stoppages at several stations, pick-up the produces and deliver them.

In the Union Budget 2020, Finance Minister of India Nirmala Sitharaman announced this novel initiative in the early months foreseeing the setting up of a Kisan Rail through the Public-Private Partnership (PPP) contract for transportation of perishable goods directly from the farms to the local vendors market.

In the month of March 2020, Prime MinisterNarendra Modiannounced a Nationwide lockdown to stop the spread of Coronavirus and sustain the well-being of 1.3 billion citizens. World economy trembled in the months of April to June. While the industries and businesses came to a halt, the budget writhed for income and financial sources.

However, the worst may now slowly end for India and the road ahead will take the economy back on the track with new start-ups and initiatives to revive our fiscal health.

With India unlocking, the worst seems to be over as high-frequency indicators show an improvement from the unprecedented trench our economy had hit in April 2020, said the periodic report by the Department of Economic Affairs.

As commercial activity still has a long road ahead to recovery, the truncheon of Economic recovery is in the influences of Agriculture sector contributing to about 15 % of total GVA. We have all learnt in School India is an Agricultural Nation and this time they are truly set to pillow the shock of COVID-19 pandemic on Indian economy 2020-21.

Minister for Railways Piyush Goyal said, Kisan Rail will help farmers becoming Aatma Nirbhar self-dependent and bring prosperity to their lives.

The Cashew India app developed by the Indian council of agricultural research (ICAR) in the state of Karnataka, is now available for download listed on Google Play Store for free in 11 regional languages all across India.

It gives comprehensive information on cashew grafts, nursery, cultivation, plant protection, post-harvest processing, market information and e-market beneficial for farmers, researchers, developmental agencies and processors at one place, said S.Mohan , senior scientist at DCR in a National press release.

It was he who conceptualised and designed the application. He explained that a farmer or user of the app can upload images/videos related to cashew cultivation. The app is developed for states namely- Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh, Meghalaya, Chhattisgarh, Odisha, Kerala, Karnataka and West Bengal.

This multilingual app is available in Hindi, English, Malayalam, Tamil, Telugu, Odia, Bengali Gujarati, Marathi, Kannada, and Garo languages.

Cashew is one of the most important plantation crop in the country and it brings in considerable foreign exchange earnings from exports.

The monsoon has entered in most parts of India and farmers have started planting the harvest crop. The Covid-19 pandemic has affected the already distressed Agriculture sector in the country in different ways, and the stakes couldnt be higher for farmers in this 2020 cropping season.

Farmers were feeling helpless watching their standing crops be subject to lockdown rules and bear the loss as well as lookout for citizens hunger. However, in the early stages of lockdown, agriculture operations were allowed to function for everybodys sake.

Covid-19 has aggrieved more than a lakhs of people, with infections rising rapidly and spreading at double rates. Southern Asian countries have taken a beating from the lockdowns imposed to curb the spread of the virus, and with growth shrinking in the industrial and services sectors, expectation is now pinned on adequate rainfall and farmers gathering a good harvest to respire life back into the assaulted financial prudence.

The lockdown led to a mass evacuation of migrant labourers to their villages, which resulted in labour shortage in places of work and labour intensive work stations.

In the poorer states of India, which is home to a large number of migrant labourers, the recent arrival has led to excess of unemployed man power. Hence the farmers are in shortage of more hands to help them produce agricultural crops at faster and larger scale.

In India and other neighbouring countries, a plague of locusts had further destroyed crops. Gujarat and Rajasthan, two states that share a border with Pakistan, witnessed a massive locust attack, with estimates saying Rabi crops in more than 3.5 lakh hectares of land had been damaged. Crops of wheat, cumin, mustard, gram and psyllium were shattered in the two states, affecting lakhs of farmers.

The government in January announced compensation to farmers. However, farmers said this was insufficient, saying it is mere one-fifth of the total cost they incur to cultivate a crop on one hectare of land. Authorities havent ruled out the threat of locusts swarming again in July and August.

Farmers in the Indian arenot readyto face floods this year like they are in normal years. The Covid-19 pandemic has deferred flood-control groundworks, with nearly 30% of defences restoration and anti-erosion works unfinished. The state government has started a Twitter account through which it is inviting citizens to inform the authorities if any ridge is ruptured.

The railways were benefitted by the the movement of the harvest and food grains which enabled income to them, given that passenger and industrial goods services were closed for most of the lockdown period. The railwaysrecordedover a 50% increase in income and almost a 100% increase in volumes of grains moved, in April and May this year.

The Indian Railways Kisan Rail, which began operating from Friday, will lower the transport time of perishable food fruit and vegetables and reduce the price burden on farmers by Rs 1,000 per tonne when compared with transportation by road.

It also needs to be noted that the migrants have been immersed back by the rural areas after they were unfortunately abandoned from urbanisation. So not only did the farmers feed urban families but also fed and sheltered the returning migrant families.

Indian agriculture can create a hurricane of opportunities. From drones to AI, digital devices, internet, modern engineering, storage arrangement, logistics, agro-equipment the sector can utilise many recent technological developments. The small Indian farmer in a globally-connected environment can progress in a way forward.

The Governments recent reforms gave farmers the freedom to decide when, where, to whom and at what price to sell helping the micro economics aspect of agricultural sector. These modifications will go a long way in creation of a dynamic and pulsating agricultural sector in India.

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Krishi Kalyan & Cashew India App: Farmers Breathe Sigh of Relief As Government Aims To Revive Indian Agro Industry - The Indian Wire

Wavves’ "King Of The Beach’ 10th Anniversary Review – Stereogum

As proclamations of supremacy go, its not quite Jesus walking into the temple and declaring himself the messiah, but for an indie rocker in the summer of 2010, anointing yourself king of the beach was an act of extreme confidence. Lo-fi guitar bands like Beach Fossils, Best Coast, and Real Estate had helped to steer the zeitgeist into the surf. The previous years chillwave movement was still going strong. Within indies more NPR-friendly chambers, the Beach Boys had emerged as a dominant influence for the likes of Grizzly Bear, Fleet Foxes, Animal Collective, and even some groups without creature-inspired names. So when Nathan Williams metaphorically strode out onto the sand and planted his flag, it was a loaded gesture, especially coming from a guy whod spent much of his brief stint in the spotlight as a pariah and a laughingstock.

Wavves, Williams one-man recording project turned rock band, emerged out of San Diego in 2008 and by early 2009 had become one of the most polarizing forces in underground music. Some rejected Wavves music as poorly recorded, simplistic, and overly repetitive (titles on sophomore album Wavvves included Beach Demon, Beach Goth, Surf Goth, Summer Goth, California Goths, Sun Opens My Eyes, and Gun In The Sun). Fellow druggy lo-fi rockers Psychedelic Horseshit made WAVVES SUXX T-shirts and dismissed Williams as a fraud presenting a generic take on a trendy sound. Our own report from SXSW 2009 identified the band as a divisive presence who everyone at the fest had strong opinions about. Yet Wavves had earned the support of influential record labels like Woodsist and De Stijl, and in the weeks leading up to SXSW, Wavvves elicited raves, including Best New Music honors from Pitchfork and a grade-A review from The A.V. Club.

All this positive and negative attention propelled Williams to instant infamy, and by the end of May he was melting down on stage at Primavera Sound after ingesting several of the substances from Josh Hommes Feel Good Hit Of The Summer recipe. Honest truth is this has all happened so fast, he wrote at the time, and I feel like the weight of it has been building for months now with what seems like a never ending touring and press schedule which includes absolutely zero time to myself. Williams seemed to have been chewed up and spit out by the hype machine within the span of less than a year, potentially washed up before his 23rd birthday. Instead, by July he was on the comeback trail, to the extent that can be said of an artist just one year into his career.

With King Of The Beach, released 10 years ago today, Williams bounced all the way back and then some. The album was a massive leap in every respect, one that erased his reputation as a cautionary tale and left no doubt about his talent. Wavves were now a proper rock n roll band, with Williams backed by drummer Billy Hayes and bassist Stephen Pope guys whod recently played with the late Jay Reatard and thus had experience infusing poppy guitar songs with snotty punk energy. Theyd recorded in a proper studio, too, decamping to producer Dennis Herrings Sweet Tea Recording in Oxford, Mississippi. Over the years Herring had worked with a random assortment of artists including Modest Mouse, Buddy Guy, Jars Of Clay, Counting Crows, Mutemath, the Innocence Mission, and Camper Van Beethoven. Hed also done a record with the Hives, so he knew something about how to produce shit-kicking rock songs with pop appeal, i.e. exactly the kind of colorfully visceral music Williams was writing at the time.

King Of The Beach just bursts from the speakers, gleefully loud and catchy as hell despite exploring the same depressive subject matter that defined Williams previous albums. Although still emphatically on-trend, he was channeling a timeless continuum of influences: Brian Wilson and his rival Phil Spectors 60s pop classics multiple songs borrowed the iconic Be My Baby drumbeat but also a lineage of pop-punk icons from the Ramones and Buzzcocks to Nirvana and Green Day. The second half of the tracklist suffers from dated attempts to re-create Merriweather Post Pavilion and similar quirky detours that represent a moment in blog-rock better left in the past. Fortunately, King Of The Beach mostly comprises power chords crashing in from every direction and hooks galore, an approach that has endured through the decades and the mode that has always suited Wavves best.

Williams was clearly in a deflated but defiant state of mind when he wrote the album. Youre never gonna stop me! he announces on the title track, a rejoinder to his haters delivered with so much oomph it can hardly be denied. My own friends hate my guts, he laments on the droning, drum-machine-powered gem Green Eyes before concluding, So what? Ah, so what? Who gives a fuck? On Super Soaker he delves a little deeper into self-pity I still feel stupid, stupid, stupid, stupid! but the bashed-out accompaniment is such a breathless rush that the song comes off like a triumph. Ditto Take On The World, on which Williams posits I hate myself, man, but whos to blame? and I still hate my music, its all the same. Both that one and the self-explanatory Idiot are essentially Shins songs with the levels pushed up into the red and energy to match.

And then theres Post Acid, King Of The Beachs magnificent lead single, on which Williams giddily retreats into a drug trip and/or romantic fling without turning down the dynamic intensity. Although haunted by misery on its fringes, its one of the most purely joyous moments on the album, a milestone single in this era of endless chemically altered seaside reverie. Im just havin fun, Williams repeats calmly, readying listeners for the beachy indie-rock equivalent of the EDM drops that were becoming a mainstream sensation at the time. When it hits, it really hits: With you-ou-ou-ou-ou-ouuuu! stretched out into a runaway-rocket melody while the rhythm section races along. Whereas so much music from this milieu dissolved into vapor upon impact, songs like this one exploded like fireworks over the ocean celebratory shows of force from a fuckup turned conquering monarch.

Link:

Wavves' "King Of The Beach' 10th Anniversary Review - Stereogum

The war that saved and changed the world – The Boston Globe

No wonder that two of the top-10 songs of 1945 were My Dreams Are Getting Better All the Time and Accentuate the Positive.

And yet this week, three-quarters of a century after the end of the conflict that left the United States preeminent in the world and the savior of Europe, the dreams seem darker and the positive, elusive. American citizens are banned from entering the Continent because of the rampant spread of the coronavirus in their homeland, the American president is reviled by most of the countrys traditional allies, and the institutions that far-sighted American statesmen used to construct the architecture of the post-war era diplomatic and economic structures are either in tatters, in turmoil, or in trouble.

For Americans, the long look back to the sense of infinite possibility of those days has become a sentimental journey the title, as it happens, of the number one song of 1945.

We talk loosely of the Greatest Generation, those who stepped into the breach to win the war and lived into the promise of the peace that followed. And many great things were in fact begun in those days:

The first slender slender and appallingly inadequate stirrings of justice for Black Americans, eight decades after the war that ended slavery. The making of an economic boom that seemed built to last forever, and that might even throttle poverty at last. And the necessary diminution of the power of corrosive nationalism around the world the malign force that fueled two catastrophic world wars with the birth, among other historic innovations, of the United Nations.

But retrospect makes it clearer by the day that this was work more begun than completed. Black lives still dont matter enough. Economic inequality is graver than ever. Nationalism of the most worrisome sort is on the rise, here and elsewhere in the world. And so on, missions still to accomplish.

Still, it is a good time to reconsider those days and those dreams.

That postwar world, weary from 2,194 days of brutal conflict and mechanized death, looked to America the postwar equivalent of what Churchill had called the sunlit uplands for leadership, and for inspiration.

The United States was not only ready to assume this role but it was totally rational that it should do so, said Jeremy K.B. Kinsman, who has served as Canadas ambassador to Great Britain, Russia, Italy, and the European Community. There was nothing bad about it, which is why the Trump phenomenon of America First is so troubling to so many of Americas closest friends.

In abandoning two centuries of isolation, the United States not only joined the international order but also reshaped it.

Despite all the mistakes and tragedies since then, including two long wars in Asia, there have been some phenomenal successes, said Adam Roberts, emeritus professor of international relations at Oxford. In 1989 and 1990 the Soviet Empire, and then the Soviet Union itself, collapsed, and now in 2020 we can celebrate the fact that major inter-state war has been avoided for 75 years. The trouble is that this is no time for celebration. The US, like the UK, is floundering in a COVID-19 mess largely of its own making.

* * *

And so this is a bittersweet anniversary, the sweet coming from the celebratory reflections; the bitter coming from the promise that went unrealized, and the promises unfulfilled.

I do believe the World War II generation was ideally suited to take on the historic challenge of a two-front war because so many members were hardened by the experience of the Depression, said broadcast journalist Tom Brokaw, who took the Greatest Generation tag for the title of his bestselling book, in an interview for this essay. But he added that when people question the label he has a ready response: I said greatest. I did not say perfect.

That great but imperfect generation was so powerful a presence in modern American life that for 14 consecutive elections in the 20th century, at least one of the major-party presidential nominees was involved in the war 50 percent more elections than those contested by the 18th-century Founders.

That group of politicians was marked by the war, as people involved in all-consuming events like war are, said Angus King, who taught a course in leadership at Bates College and Bowdoin College before being elected to the Senate from Maine as an Independent. We saw it in the Civil War... and today, when politicians who were in Iraq or Afghanistan have an aura. And certainly this is the case with the World War II presidents.

And would-be presidents.

World War II changed my life and the lives of countless other Americans, said the Republicans 1996 presidential nominee, former senator Robert J. Dole of Kansas, who was gravely wounded in the last days of World War II and at age 97 is one of the 300,000 veterans of the war still alive. We paid a heavy price I paid a heavy price but we prevailed. It took me years to recover. Im still recovering. But it was worth it. Fighting in that war was the most important thing I did in my life.

Just as important was what followed the war: the high hopes of the veterans, of those on the home front, of millions abroad, in displaced-persons camps, in the squalor of wrecked cities, in countries where the manufacturing base was destroyed and the agricultural prospects minimal.

On anniversaries like this, we salute how much was accomplished in those 75 years. And yet:

It would have been inconceivable to those imagining the postwar world, that life expectancy in the United States would be lower today than that of Poland, Germany, Italy, and Japan, countries left destroyed by ground combat and airborne assault. It would have been beyond comprehension that the cost of a college education, brought within the reach of millions because of the generosity of the GI Bill, would be beyond the grasp of millions in 2020. It would have beggared belief that American prosperity had not reached into the bottom quarter of the workforce. It would have astonished the 350,000 women who enlisted in the armed forces and the many hundreds of thousands who worked in wartime factories 310,000 of them in the aircraft industry alone, 65 percent of the total aviation-manufacturing workforce that 75 years later, women would still be fighting for equality in the workplace and were earning on average about 81 cents to the dollar that men were earning.

Very seldom do you get a crack in time when there is so much to be rebuilt, said Stephanie Coontz, a historian at Evergreen State College in Olympia, Wash. We blew it after World War I but after World War II it looked as if we might do it, though we did not include Blacks and women. At times like this we dont look back at the way things were, but at the way we hoped things were becoming.

Moreover, in the peace that emerged after the war it would have been difficult to imagine that Americans of color, many of whom joined in the fight for freedom around the world, still do not enjoy the fullness of freedom and equality at home or anything close to it and that the ethnic and religious hatred that the soldiers, sailors, and aviators of World War II thought they were eradicating from the face of the earth would have remained a scourge on the earth.

World War II uncovered laid bare for us that hate is capable of bringing on the greatest evil, said Rabbi Jeffrey Myers of the Tree of Life synagogue in Pittsburgh, where two years ago 11 Jews were murdered while he led them in Sabbath prayer. It makes me pause and wonder 75 years later whether we have accomplished all that much. The good people on this earth have been engaged for millennia in this work, and the anniversary of the end of the worst period of hate in history reminds us that there is so much more work to be done.

* * *

Three-quarters of a century is, to be sure, a long time. It is the distance between Shays Rebellion in Western Massachusetts and the outbreak of the Civil War in Charleston, S.C., between the election of Benjamin Harrison and the assassination of John F. Kennedy, between Pearl Harbor and the inauguration of President Trump.

The America of 1945 was without supermarkets, freezers, dishwashers, even ballpoint pens. Since then the shopping center sprouted, was converted to a mall, and then just about died. Popular music went from 78s to LPs to eight-tracks to CDs to iPods to streaming services. The births of Bill Clinton, George W. Bush, Trump, Dolly Parton and Cher were a year away.

But an economic explosion was imminent, fueled by consumer demand that had been building during the Depression and war years. In the immediate postwar period, personal consumption expenditures created an average annual growth rate of per-capita GDP of 2.5 percent, according to a study that senior analyst Nick Bunker prepared in 2014 for the liberal-leaning Washington Center for Equitable Growth.

But that galloping growth would not prove to be equitable growth not nearly.

The gap between those high on the income ladder and those in the middle and lower rungs did not change substantially from the end of the war until the 1970s, when the gap began to widen. The share of income growth captured by the top 1 percent in Massachusetts between 1945 and 1973, for example, was 2.9 percent. That figure rose to 50.4% in the period from 1973 to 2007, then to 58.4 percent in the eight years that followed, according to the Economic Policy Institute.

Today, in fact, the average income of the top 1 percent of Massachusetts residents is $1,904,805, while the average income of the other 99 percent is $61,694, a top-to-bottom ratio of about 30 to 1.

The result is a different United States from the one many dreamed of at wars end. In effect, the anthropologist and author Jared Diamond has written, the U.S. is a country of 328 million inhabitants that operates as if only 50 million of them matter.

All that, despite the massive exposure of Americans to education, regarded for generations as the sturdiest ladder of social and economic mobility.

In years leading up to the war, the United States, in the characterization of the Harvard economist Claudia Goldin in a 1998 study, pulled far ahead of the rest of the world in high-school graduation, with a rate of 50.8 percent. There are conflicting figures for high-school graduation today, but there is a consensus that the figure has risen by more than half since then and that the rate for Blacks and for Hispanics is lower than that of whites. An engine of opportunity has stalled.

The GI Bill opened the college gates to World War II veterans in what Ira Katznelson, the Columbia historian, called the single most important piece of legislation ever passed in America to create a modern middle class.

Today the typical college graduate earns about $80,000 while those with only a high school degree earn about $36,000.

But in education, as in all areas of American society, the cruelest dividing line was race.

The benefits of the GI Bill for Black veterans were, to be sure, substantial, but they were not equally distributed, in part because of the role the states played in the program. State legislatures, for example, voted enough money for every white person to attend universities in South Carolina, Alabama, and Mississippi, but not enough for Black person to enroll in the states historically Black colleges.

It was a period when middle-class America was invented among whites, said Ivory Nelson, who was president of Lincoln University, a historically Black institution in Pennsylvania, from 1999 to 2011. But middle-class America for Blacks doesnt exist even now.

The effect was to cement, even to widen, the distance between white America and Black America, despite the achievements of the civil-rights movement and the advancements some now under siege of the Civil Rights Act of 1964 and the Voting Rights Act of 1965.

The country never dealt with the race question, said Larry Davis, founder of the Center on Race and Social Problems at the University of Pittsburgh. It didnt want to deal with it because it wouldnt admit guilt. We let the South have its way. ... After World War II the country continued to sacrifice Black people to keep the South happy. Can you imagine how much wealth of Black people was lost?

This failure cut especially deep for Blacks who had high hopes that World War II would be not just a chance to save the world for Democracy but to perfect our own. This was a vision captured poignantly in the so-called Double-V Campaign, begun after a 26-year-old wrote a letter to the Pittsburgh Courier, a Black newspaper, asking: Should I sacrifice to live half American?

What came of his question was a new push for two victories, one overseas, the other at home.

Some progress has been made, to be sure. But according to research by Patrick Bayer and Kerwin Kofi Charles set out in 2018 in the Quarterly Journal of Economics, the Black-white wage gap has returned to Truman-era levels.

We may have won victory in World War II but we havent achieved the second V in the Double-V Campaign, said Rod Doss, the Couriers current editor and publisher.

* * * *

In no war was the home front more important than it was in World War II, and in no conflict did war produce more changes at home, including an increase in home ownership from about half of Americans in 1945 to two-thirds today, according to the Census Bureau.

And there were tremendous changes in gender roles inside those homes. The numbers of women at work went up during the war, the Harvard historian Nancy Cott said, but what was more important was the kind of work highly paid industrial work women were doing. By 1952, there were 2 million more working wives than there had been during World War II.

But another big change came shortly after the war, when changes in the federal tax code favored married couples who had one primary earner. The result was that a man who supported a woman not employed outside the home paid substantially less in taxes than a single man making as much money.

Womens gains were often sacrificed, said Rebecca Davis, a University of Delaware historian. It became clear that society thought it more important to preserve mens jobs.... It helped explain a lot of anger women had in the 1960s and even now.

And as the late 1940s rolled into the 1950s, vast transformations were underway in American domestic life.

The 1950s were a unique moment in the history of marriage and the family, said Christine Whelan, director of the Money, Relationships and Equality Initiative at the University of Wisconsin Madison. Never before had so many people shared the experience of courting their own mates, getting married at will, and setting up their own households. Never had married couples been so independent of extended family ties and community groups. Never before had so many people agreed that only one kind of family was normal.

There is, thankfully, no such agreement today.

Americans also roared out of World War II with enormous confidence in progress through science. Nuclear weapons technology could be used for peaceful energy. The DuPont Co. had spoken of better living through chemistry since 1935, but after 1945 it became a conviction rather than a slogan. Scientists began to understand DNA, to battle disease with new and more powerful tools, and to achieve remarkable feats of exploration through NASA.

The decade after the war was the true high point for doctors and scientists; the pinnacle may have been Jonas Salk and his polio vaccine, with research financed by the March of Dimes and its more than 100 million Americans contributors.

We came out of World War II with science in the ascendancy, said Richard Scheines, a Carnegie Mellon University expert in the philosophy of science. We thought we could feed the world. We thought there could be clean energy, It turns out that the world is more complicated than we thought. It turned out that we couldnt figure everything out.

That was never so clear as it has been this year, when the coronavirus consumed more American lives than the Korean and Vietnam conflicts combined.

There was confidence science could solve all the problems the world faced and that all infectious diseases could be taken care of, said Jason Opal, a McGill University historian who is writing a history of epidemic diseases in the United States with his father, Steven Opal, a clinical professor of medicine at Brown. Now we know better, and we have lost confidence in our ability to solve our problems. The decline in science is part of the decline in the morale of America.

That is not the only decline from World War II-era heights that America is experiencing today. Its decline in international prestige and global influence is one of the themes of the era.

The US was the key player in establishing a liberal international order, said Kiron Skinner, former director of policy planning in the State Department in the early Donald J. Trump years. Today the international order is adrift and the ideas the US helped shepherd are being contested not only by other powers but also inside the US.

Nowhere is that more apparent than at the United Nations, founded amid soaring rhetoric and hopes in the war-ending year of 1945.

It was the silver lining of the Second World War, said Stephen C. Schlesinger, author of a 2003 history of the San Francisco conference that created the UN. These people had seen 30 million people die in the First World War and 60 million in the Second World War and wanted to make sure that a Third World War would never happen.... Today nobody is happy with it today except that it has lasted 75 years.

When World War II ended, there was no doubt that the strongest economy was in the United States. It was the collective sense of the global markets that US government bonds were the most risk-free asset and that the dollar was the worlds reserve currency, notions codified in the fixed exchange rates that came out of the Bretton Woods Agreement of 1944.

If we lost the war, none of that would have been the case, said Matthew J. Slaughter, the dean of Dartmouths Tuck School of Business Administration and a member of George W. Bushs council of economic advisors. A lot has changed, but the US dollar is still the worlds most important currency.

We had licked the Depression and won a just war, and the country was punch-drunk at VJ Day, said David M. Kennedy, the prominent Stanford historian. The world was wide open for those of that generation who survived. A lot of the aspirations of the moment were fulfilled. But we look a little less triumphant today. For sure we have some steps to go, and I wonder whether this journey ever ends.

And where it will take us. The generation that won the war and prospered in peace, made the world, in many ways, a better place. Better, but not perfect.

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The war that saved and changed the world - The Boston Globe

Confederate monuments: What the men honored by statues did and believed – Times Record

This story is part of The Confederate Reckoning, a collaborative project of USA TODAY Network newsrooms across the South to examine the legacy of the Confederacy and its influence on systemic racism today.

The white men stand, immortalized in metal and stone, in parks, public squares and the halls of government.

Statues of prominent figures in the Confederacy are a common sight in the South. But the visibility of their monuments often belie the way their lives and legacies are obscured by myth.

Like other symbols of the Confederacy, such memorials have been defended for generations as pieces of Southern heritage, or simply uncontroversial artifacts of history. But for many people, they are ever-present reminders of racial discrimination and violent oppression that has never gone away.

The removal of statues of Confederate leaders as well as those of others who promoted or profited from slavery and racism has become a focal point of calls for a true confrontation with racial inequality in the United States. As part of that conversation,USA TODAY Network newsrooms across the South are taking a critical look at several such figures to understand who they were and what they believed.

For more than four decades, a bronzesculpture of thebust of Confederate Lt. Gen. Nathan Bedford Forrest has been featured prominently in the Tennessee state Capitol.

A statue portraying Forrest was one of three removed in Memphis in late 2017 afterthe city found a loopholeto legally take down the monument that residents widely agreed should not stand in a public park.

But as the fate of the Capitol bust hangs in the balance pending a state commission meeting later this year and after years of debate among Black and white lawmakers, and Democratsand Republicans who was Forrest and why is he so controversial more than 150 years after the Civil War?

Among the most notorious parts of Forrest's legacy is his reported involvement leading Confederate soldiers in the West Tennessee Battle of Fort Pillow in April 1864, which has commonly become known as a massacre of surrendered Union troops, many of whom were Black.

Primary documents from a variety of sources refute argumentsmade by some Forrest apologists including some who have raised the possibility during conversations at the legislature about the bronze bust and Forrest's legacy that he was not responsible for the mass killings at Fort Pillow.

"We've been going through these excuses for Bedford Forrest for the longest while, and none of them are holding up under scrutiny," said Richard Blackett, a history professor at Vanderbilt University.

In 1868, Forrest gave an interview with a Cincinnati Commercial reporter that was widely published in newspapers around the country. In the interview, he said the Ku Klux Klan had "no doubt" been a benefit in Tennessee. While he denied being an official member, he said he was part of the organization "in sympathy," and later when Forrest testified before Congress about the KKK he eventually disclosed that he was familiar with rituals and practices.

Repeatedly in the 1868 interview, Forrest tried to suggest that he had more disdain for white Radical Republicans and Northerners trying to infiltrate Southern politics than he did African Americans, but he still remained fiercely opposed at that point to Blacks gaining the right to vote or having equal standing in society.

"I am opposed to it under any and all circumstances," Forrest said.

"And here I want you to understand distinctly I am not an enemy to the negro.We want him here among us; he is the only laboring class we have."

Jefferson Davis was a man of many words. He literally wrote volumes during his lifetime and spent the last decade of his life writing about the history of the Confederacyandan in-depth analysis of the Civil War.

But Davis (1808-1889) most notably is known for his role withthe Confederate States of America, of which he was named its first and only president.

Susannah Ural,professor of history and co-director of the Dale Center for the Study of War and Society at the University of Southern Mississippi, said Davis seemed to be a natural choice for president of the Confederacy.

Although he did not support secession, he felt duty-bound to represent his state, which voted to secede, and the new government to which he was appointed president. However, he also believed secession was a right afforded tothe states.

Davis wrote in his book,"The Rise and Fall of the Confederate Government," that slavery "was not the cause of the war, but an incident."

In his preface to the bookhe said,"the States had never surrendered their sovereignty," and that states should be allowed to make their own decisions regarding slavery.

Davis saidthe federal government was usurping its authority by forcing unwanted laws on the states, first and foremost the abolition of slavery, which was an integral part of the Southern states' agricultural economy.

"(Slavery is) the primary cause, but it's not the only cause," Ural said. "When you talk about states' rights, when you talk about what powers the federal government should have versus state authority, one of the centralissues to states' rightswas the right to slavery."

However, she said, determining the Civil War happened because of slavery isn't entirely accurate.

"There's never one cause ofa war, and things thatmotivatepeople to fight in a war change over the course of time," she said. "To boil the Civil War down to slavery is problematic, but the bigger problem was that for decades, we just kind of pushed slavery aside and didn't really talk about it."

Even in his last days, Robert E. Lee, the Confederate general, had already become a myth a myth that gave a defeated South something to cling to; a means of understanding its defeat.

In 1865, Lee surrendered to Union Gen. Ulysses S. Grant at Appomattox Courthouse in Virginia. His exploits during the war and his canonization by defeated Southerners have rendered him among the most famous losers in military history.

To Emory Thomas, who wrote "Robert E. Lee: A Biography,"published in 1995, historical evidence shows Lee was a man who lived by a strict moral code, a sense of honor and duty; a great soldier and engineer who rose to the challenges he faced.

He was also a slave-owner and a white supremacist. While Lee believed slavery was morally wrong, he did not believe the abolition of it should come through the works of man, but, instead, the will of God.

In an interview, Thomas referenced a famous letter Lee wrote about slavery in 1857. In it, Lee distilled his views as a slave owner on race.

"In this enlightened age, there are few I believe, but what will acknowledge, that slavery as an institution, is a moral & political evil in any Country. It is useless to expatiate on its disadvantages. I think it, however, a greater evil to the white man than to the black race," Lee wrote. "The blacks are immeasurably better off here than in Africa, morally, socially & physically. The painful discipline they are undergoing, is necessary for their instruction as a race, & I hope will prepare & lead them to better things. How long their subjugation may be necessary is known & ordered by a wise Merciful Providence. Their emancipation will sooner result from the mild & melting influence of Christianity, than the storms & tempests of fiery Controversy."

In that letter, and other moments throughout his life, including testimony before Congress after the Civil War, Lee displayed views on race that Thomas described as compatible with social Darwinism a worldview that arose later in the 19th century and early 20th that Western governments, particularly that of the U.S., used to justify colonization, war and imperialism.

In 1862, he wouldfree his father-in-law's slaves, as required by the man's will, a matter of weeks before the Emancipation Proclamation took effect.

"He anticipated social Darwinism In the evolutionary pyramid of human beings, I think he saw white folks like himself at the top. And African Americans somewhere down the ranks, above American Indians whom he really thought were dreadful," Thomas said.

Known as the "Boy Hero of the Confederacy," Sam Davis' story was resurrected from obscurity in the late 1800s by journalist Archibald Cunningham, founder of the Confederate Veteran magazine. There are monuments erected in Sam Davis'honor. His boyhood home is on the National Register of Historic Places and operates as a museum.

Barely 21 in 1863, Davis was hanged for his refusal to give Union Army Gen. Grenville Dodge the names of Confederate spies. "I would rather die a thousand deaths than betray a friend," Davis said moments before he was hanged on the Public Square in Pulaski, Tennessee.

Davis wasnt a boy, but a young man whose bravery is immortalized as a symbol of the Confederacy and the Lost Cause, said Brenden Martin, a Middle Tennessee State University history professor. The underpinning of the Lost Cause was that the Confederacy was "right all along" and had a right to secede from the United States.

"All youve got to do is look at the (Confederate) Articles of Secession. The people who brought about the secession (from the United States) made it clear it was about preserving the institution of slavery," Martin said.

Slavery was the backbone of the Southern economy, Martin said.

And the Davisfamily plantation was steeped in that economy.

Data from the American Battlefield Trust notes that Charles and Jane Davis, Sam Davis' parents, originally owned a830-acre plantation located in Smyrna. By 1860, there were 51 enslaved people owned by the Davis family. Sam Davis also had his own slave, named Coleman Davis,who was gifted to him when he was a boy.

Anarcha was at least 17 when the doctor started experimenting on her. The year before, she suffered terrible complications during a 72-hour labor that opened a hole between her bladder and vagina and left her incontinent.

The man who held Anarcha in bondage outside Montgomery sent her to Dr. J. Marion Sims sometime in 1845. She was one of at least seven enslaved women sent to Sims by white slaveholders. They had the same condition as Anarcha, known as a vesicovaginal fistula.

Sims wanted to find a way to address it. From 1845 to 1849, the enslaved women became experiments.

By Sims own account, Anarcha underwent 30 operations as Sims tried different approaches to repairing the fistula.

These women could not say no. Neither Sims nor the white men who held them against their will showed interest in their opinions. Deirdre Cooper Owens, a professor of medical history at the University of Nebraska-Lincoln and author of "Medical Bondage: Race, Gender, and the Origins of American Gynecology," said if the women protested, they "could get beaten, or they could get ignored."

Anesthesia, Cooper Owens said, was not in wide use at this time.

Despite that, a statue of Sims unveiled in 1939 remains on the grounds of the Alabama Capitol in Montgomery. A bust of Sims also stands in Columbia, South Carolina. New York City officials removed a statue of Sims in Manhattan in 2018.

Andrew Johnson considered himselfa champion of the common man but only when those common men were white.

The 17th president of the United Stateswas a common man himself. Born into poverty in 1808, he escaped indentured servitude in North Carolinabefore moving to Greeneville, Tennessee, where he worked as a tailor,owned slaves and launched his political career as a Democrat.

When President Abraham Lincoln died from an assassin's bullet just six weeks after Johnson took office, a fractured countryfound its stubborn new president lacked Lincoln's ability to navigate theend of the Civil War with nuance and sensitivity.

Although Johnson had helped Lincoln end slavery across the land, he nowclashed with the Republican-controlled Congress by planting himself firmly in the way of rights for newly freed slaves. He soon grew widelyunpopular and became the first president ever to be impeached.

Johnson believed in what's called "herrenvolk democracy" the idea that the lowest white man in the social hierarchy should beabove the highest Black man, said Aaron Astor, ahistory professor at Maryville College who researches the Civil War-era South.

In 1860, the year before the Civil War broke out, Johnson said white Southernersfelt so threatened by the prospectof Black freedom that poor men would unite withslave ownersto exterminateslaves rather than see them freed.

Albert Pike is a name well-known in Arkansas history as both a Civil War general of Native American troops and a newspaper editor.

Although Pike was known nationally after the Civil War for his involvement with the Freemasons, he gained national attention again on June 19, 2020, when a statue dedicated to him in Washington, D.C.,was toppled by a group of Black Lives Matter demonstrators. The monument to Pike was the only one of a Confederate Civil War general in the District of Columbia.

Pike was a Boston transplant to Arkansas who initially resisted secession, but followed the lead of his fellow Arkansans in fully supporting the Confederacy and even servedas an appointed brigadier general in at least one battle in Arkansas.

By the end of his life, Pike had risen among the highest ranks of the Freemasons.

Before the Civil War, he had moved from the Fort Smith area to Little Rock to pursue a career as a journalist. He eventually became editor and owner of The Advocate where he reported on the Supreme Court of Arkansas.

When the Civil War broke out in 1861, Pike was called up to be a brigadier general over a troop made up of several Native American Tribes. He was cited as being an advocate for Native Americans and the wrongs they suffered at the hands of the white man.

When it came to African Americans, however, Pikes view of slavery was one that claimed it was a "necessary evil." He claimed that slaves would not be able to hold any other job and that they were treated well by their masters. He even admitted to having his own slave for "necessary" work.

Gen. Alfred Mouton has become one of Acadianas most polarizing historical figures. His statue, standing on city property in the heart of downtown Lafayette, has been the focus of public outcry, protest and legal battles for decades.

As support is increasing to remove the statue, most of the controversy over Mouton has focused on the fact that he owned Black peopleas slaves and fought for white supremacy during the Deep South's most oppressive era.

While Mouton is hailed by some as a hero from Lafayette's oldest family who fought to defend his hometown from Union forces during the Civil War, the famous son of former Gov. Alexandre Mouton helped wage another civil war here.

Mouton, along with his father, trained the "Vigilante Committee" in Lafayette Parish, a group that would carry out their own form of violent justice against Black residentsthrough whippings, expulsions and lynchings.

From the late 1850s to the beginning of the Civil War in 1861, Mouton-backed vigilantes fought against other groups in Lafayette Parish's own civil war.

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Confederate monuments: What the men honored by statues did and believed - Times Record

Industry 4.0: Thriving Through Transformation – Automation World

Chad Geretz, business development manager at RedViking

Without a doubt, businesses must realign and adjust to accommodate a new era in manufacturing and production. They need to be asking serious questions now more than ever like, how they can be more efficient with the resources at hand, or how they can keep employees safe, or how to ensure that their business wont be disrupted and can be prepared for new regulations and restrictions.

Companies are required to modify manufacturing methods and team environments. Employees are working remote, shift handover meetings have become zoom calls, and work forces have been socially distanced and provided personal protective equipment. Businesses are modifying shift patterns, so lines in close proximity to one another are staffed to run at different times. These are just a few of the modifications required of manufacturing facilities throughout the world. Theres a large amount of additional activity and strict health requirements for plants that werent in place six months prior.

Safeguarding workforce health is priority number-one among businesses and governments. Implementing the technology needed to keep companies of scale in check and on pace will be necessary. This is a critical time to explore digital manufacturing alternatives to enhance the manufacturing environment with additional tools to support flexible labor, remote data, and connected management. Top tier organizations are implementing and deploying automation technologiese.g. manufacturing performance platforms, autonomous materials movement, and Industrial Internet of Things (IIoT)to accommodate variable production rates, mixed product capability, and cost savings throughout their operations.

Standards will be a struggle without the help of a cohesive, shared platform to manage and track:

Remote work management;

Shared dashboards between existing systems;

Equipment communication to employees;

Visual work instructions for flexible work force;

Product traceability, error proofing, and rework applications; and

Health requirements, alerts for cleaning supplies, areas to be cleaned.

It can be overwhelming to think of IIoT as an all-encompassing solution. Enterprises can get started with one machine or a line that has multiple machines. Many of our customers select one of our systems that will provide them with new functionality to solve a particular problemperhaps a single cell or across an entire line. We enable integration with their existing manufacturing execution system or supervisory control and data acquisition package, allowing them to get their feet wet and get started with the technology.

While automating your processes isnt the only answer, it can play a major role in establishing a significantly more efficient and sustainable production model. The application of Industry 4.0 technology during this time will save jobs, it will keep your employees safe and educated. It will create new opportunities for innovation and business expansion. Its good for the consumers, its good for the manufacturers, and its good for the workforce.

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Industry 4.0: Thriving Through Transformation - Automation World

An Analytics, Data Science, and Process Automation Stock – Nanalyze

In a recent piece on hyperautomation, we talked about a success story where a professional services firm saved half a billion dollars by adopting robotic process automation (RPA). Thats the sort of exponential value thats an easy sell at the C-level. Companies that can manage to implement RPA successfully are now reaping big rewards.

Then, you have predictive analytics. The basic use case for any client is to take all the data theyre doing nothing with and then analyze it using machine learning algorithms. The resulting insights help guide an organization to make better decisions.

Today, were going to talk about a company thats melding RPA with predictive analytics, wrapping the whole thing up in a blanket of buzzwords, and selling it to more than 6,400 companies.

Gartners Magic Quadrants are helpful for identifying which companies are in the lead for any enterprise software niche. The 2020 Gartner Magic Quadrant for Data Science and Machine Learning Platforms lists out some familiar names.

No surprise to see IBM creeping across the challenger quadrant slowly in an attempt to enter the leaders quadrant and become relevant again. Already in the leaders quadrant is the company with the highest ability to execute, Alteryx (AYX).

Founded in 2011, Los Angeles based Alteryx took in $163 million in funding before having their initial public offering in March 2017. The IPO priced at $14 and today sits at $121.38 per share for a gain of +683% versus a Nasdaq return of +90% over the same time frame. Alteryx may be coming across peoples radars today because shares are down -28% in todays trading. Since past results are no indication of future performance, maybe todays dip represents an opportunity to add to or open a new position. First, lets look at what this $8 billion market cap company does.

The Alteryx marketing collateral is rife with so many buzzwords its difficult to see a clear picture of their value proposition. The document describing their core product drones on about the strategic imperative of digital transformation, before quoting a Gartner presentation titled Worlds Collide as Augmented Analytics Draws Analytics, BI and Data Science Together, which offers up the following pearls of wisdom:

The proliferation of augmented capabilities within analytics, business intelligence, and data science and machine learning products is making once distinct markets collide. The collision facilitates stronger, more complete and more effective links between data and analytic investments, practices, processes and key business outcomes.

Its difficult to see how anyone could keep a straight face while saying something like this to a room full of technically competent people. However, in a boardroom full of executives, just start talking about worlds colliding and youll see heads start to nod thoughtfully.

The end result of all these collisions of worlds is something Gartner refers to as augmented analytics. Its also what Alteryx calls analytics process automation (APA), and their target market is the 54 million disgruntled analysts who hate their jobs who want to be upskilled to be citizen data scientists.

We recently wrote about how robotic process automation (RPA) is now being upstaged by hyperautomation which involves lots of natural language processing so that we can talk to our digital robot co-workers. Then theres analytic process automation (APA), something that Alteryx assures us is unlike RPA because it contains three critical key pillars of digital transformation which are listed in the below diagram:

Using data to produce insights and automating processes to make things more efficient are pretty standard value propositions, but whats this about upskilling? It sounds a whole lot like training an entire organization on how to use an app, and then announcing to the Board that youre now ready to double down on your efforts because you invested in your citizens. In the meantime, half the people who attended the training have already forgotten about the tool, and a bunch of unused licenses sit around gathering dust. Thats why its important to monitor usage, and an increase in client spending can act as a proxy for increased usage. Its just one of many SaaS metrics Alteryx uses to monitor the health of their business.

Ark Invest recently published a paper on Software-as-aService (SaaS) which postulates that this decade may be the Golden Age for SaaS business models which constituted 25% of all enterprise software sales in 2019. For retail investors, a SaaS model provides easy-to-understand metrics for how a software business is growing.

Annualized run rate (ARR) is the amount of money that would be received in one year if nothing changes no new clients, prices stay the same, no up-sells, and no cancellations. At the end of Q2 2020, Alteryx had 6,714 customers representing annual recurring revenues of $430 million. This translates into an average $65,000 yearly spend on tools which are being sold using a land and expand business model (what others might know as the freemium model).

Once a new client is acquired, Alteryx can create some initial wins that will reverberate throughout the clients organization so that other departments adopt the product. When an existing client spends more money, this is measured by Alteryx in a metric called dollar-based net expansion rate. For example, the average client spent 26% more with Alteryx in 2019 compared to the year prior:

Above we can see strong annual revenue growth over the past four years, but that appears to be stalling based on the most recent quarterly results. Yesterdays revised guidance puts revenues for 2020 at $460-465 million which is being seen as a key reason for todays plummeting stock price. Heres the full guidance given for 2020:

Revenue is expected to be in the range of $460.0million to $465.0 million, an increase of 10% to 11% year-over-year. Annual recurring revenue is expected to be approximately $500.0 million as of December 31, 2020, an increase of over 30% year-over-year.

Seems unfair to complain about double-digit growth expectations given whats been happening in 2020, but apparently some analysts had much higher expectations for the company.

Even with revenue growth slowing, Alteryx offers a form of stability due to a yearly subscription model that will likely be renewed, provided the tool continues to generate value. Its one reason why SaaS companies are given a higher valuation by investors. ARK Invest lists several benefits of a SaaS business model as follows:

Once Alteryx has a client in their CRM system thats paying them money, it costs very little to cross-sell them more features and functionality based on their patterns of usage. With a nearly $1 billion war chest, Alteryx can also look to grow through acquisition. The recent dip represents a temporary growth setback. Says ARK Invest today:

In our view, during the pandemic customers prioritized customer-facing hardware and software solutions relative to business process automation, the latter of which will have to catch up over time.

Seems a bit counterintuitive as one would expect the demand for RPA solutions to accelerate in times of crisis as companies look to cut costs to increase earnings when revenues fall.

From an investors perspective, theres everything to like about the 90% gross margin, strong revenue growth, and breadth of customer base. We all know the market is behaving extremely unpredictably, and that revenue growth will be affected across the board for nearly all industries. The slowdown in growth for Alteryx seems to be expected and temporary.

Focusing on how many new customers you bring on each quarter is great for sales quotas but does little to describe customer retention or how youre able to up-sell existing clients. Paying attention to the dollar-based net expansion metric will make sure that theyre able to continue extracting net new revenues from their client base which translates into increased usage which helps further validate the value proposition for potential clients.

Despite what the pundits say, FAANG stocks (Facebook, Apple, Amazon, Netflix, Google) don't give you real exposure to AI. Read about 7 stocks that give you true pure-play exposure to AI in our guide to investing in AI healthcare companies, freely available to Nanalyze Premium subscribers.

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An Analytics, Data Science, and Process Automation Stock - Nanalyze

Edmund Phelps considers the effects of automation and artificial intelligence from the perspective of welfare economics – Interest.co.nz

The robots are no longer coming; they are here. The COVID-19 pandemic ishasteningthe spread of artificial intelligence (AI), but few have fully considered the short- and long-run consequences.

In thinking about AI, it is natural to start from the perspective ofwelfare economics productivity and distribution. What are the economic effects of robots that can replicate human labour? Such concerns are not new. In the nineteenth century, many feared that new mechanical and industrial innovations would replace workers. The same concerns are being echoed today.

Consider a model of a national economy in which labour performed by robots matches that performed by humans. The total volume of labour robotic and human will reflect the number of human workers,H, plus the number of robots,R. Here, the robots areadditive they add to the labour force rather than multiplying human productivity. To complete the model in the simplest way, suppose the economy has just one sector, and that aggregate output is produced by capital and total labour, human and robotic. This output provides for the countrys consumption, with the rest going toward investment, thus increasing the capital stock.

What is the initial economic impact when these additive robots arrive? Elementary economics shows that an increase in total labour relative to initial capital a drop in the capital-labour ratio causes wages to drop and profits to rise.

There are three points to add. First, the results would be magnified if the additive robots were created from refashioned capital goods. That would yield the same increase in total labour, with a commensurate reduction in the capital stock, but the drop in the wage rate and the increase in the rate of profit would be greater.

Second, nothing would change if we adopted the Austrian Schools two-sector framework in which labour produces the capital good and the capital good produces the consumer good. The arrival of robots still would decrease the capital-labour ratio, as it did in the one-sector scenario.

Third, there is a striking parallel between the models additive robots and newly arrived immigrants in their impact on native workers. By pushing down the capital-labour ratio, immigrants, too, initially cause wages to drop and profits to rise. But it should be noted that with the rate of profit elevated, the rate of investment will rise. Owing to the law of diminishing returns, that additional investment will drive down the profit rate until it has fallen back to normal. At this point, the capital-labour ratio will be back to where it was before the robots arrived, and the wage rate will be pulled back up.

To be sure, the general public tends to assume that robotisation (and automation generally) leads to a permanent disappearance of jobs, and thus to the immiseration of the working class. But such fears are exaggerated. The two models described above abstract from the familiar technological progress that drives up productivity and wages, making it reasonable to anticipate that the global economy will sustain some level of growth in labour productivity and compensation per worker.

True, sustained robotisation would leave wages on a lower path than they otherwise would have taken, which would create social and political problems. It may prove desirable, asBill Gatesoncesuggested, to levy taxes on income from robot labour, just as countries levy taxes on income from human labour. This idea deserves careful consideration. But fears of prolonged robotisation appear unrealistic. If robotic labour increased at a non-vanishing pace, it would run into limits of space, atmosphere, and so on.

Moreover, AI has brought not just additive robots but alsomultiplicative robotsthat enhance workers productivity. Some multiplicative robots enable people to work faster or more effectively (as in AI-assisted surgery), while others help people complete tasks they otherwise could not perform.

The arrival of multiplicative robots need not lead to a lengthy recession of aggregate employment and wages. Yet, like additive robots, they have their downsides. Many AI applications are not entirely safe. The obvious example is self-driving cars, which can (and have) run into pedestrians or other cars. But, of course, so do human drivers.

A society is not wrong, in principle, to deploy robots that are prone to occasional mistakes, just as we tolerate airplane pilots who are not perfect. We must judge costs and benefits. For efficiency, people ought to have the right to sue robots owners for damages. Inevitably, a society will feel uncomfortable with new methods that introduce uncertainty.

From the perspective of ethics, the interface with AI involves imperfect and asymmetric information. As Wendy Hall of the University of Southamptonsays, amplifying Nicholas Beale, We cant just rely on AI systems to act ethically because their objectives seem ethically neutral.

Indeed, some new devices can cause serious harm. Implantable chips for cognitive enhancement, for example, can causeirreversible tissue damagein the brain. The question, then, is whether laws and procedures can be instituted to protect people from a reasonable degree of harm. Barring that, many are calling on Silicon Valley companies to establish their own ethics committees.

All of this reminds me of the criticism leveled at innovations throughout the history of free-market capitalism. One such critique, the bookGemeinschaft und Gesellschaftby the sociologist Ferdinand Tnnies, ultimately became influential in Germany in the 1920s and led to the corporatism arising there and in Italy in the interwar period thus bringing an end to the market economy in those countries.

Clearly, how we address the problems raised by AI will be highly consequential. But they are not yet present on a wide scale, and they are not the main cause of the dissatisfaction and resulting polarisation that have gripped the West.

Edmund S. Phelps, the 2006 Nobel laureate in economics and Director of the Center on Capitalism and Society at Columbia University, is author ofMass Flourishingand co-author ofDynamism.This content is Project Syndicate, 2020, and is here with permission.

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Edmund Phelps considers the effects of automation and artificial intelligence from the perspective of welfare economics - Interest.co.nz

How will Tesla rivals top this EV innovation? – Automotive News

Tesla remains a small automaker compared with global competitors such as Ford, GM, Volkswagen, Nissan and Hyundai Group. Still, new EV offerings from more established brands are often referred to as "Tesla fighters," a nod to Tesla's sales success. The Audi E-tron, BMW i3, Jaguar I-Pace, Kia Niro and Nissan Leaf are all out for their own share of the growing EV market.

In making a competitive comparison between the Model Y and other EVs, Munro scored Tesla above average on such issues as battery kilowatt-hour rating, battery depletion percentage, range and voltage. However, on sticker price, he put the Model Y's nearly $50,000 base price in about the middle of the pack.

Ford's Mustang Mach-E, looming this year, will bring a new challenge. And in July, Nissan unveiled its own Tesla fighter, the Ariya crossover.

Munro said he had not had the chance to study the Mach-E, but he thought it would be hard to top Tesla for a while.

"It's going to be a long, long time," Munro said, "before somebody catches up to it."

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How will Tesla rivals top this EV innovation? - Automotive News

The Tesla Of Banking Start-Up Cred.ai Unveils Its AI-Powered Credit Card – Forbes

The Unicorn card, issued by Wilmington Savings Fund Society (WSFS) and licensed by Visa, runs on a ... [+] proprietary platform that can ultimately be leased.

How many bonus features does it take to convince a Millennial to use a credit card?Try no fees, no interest, credit optimization, self-destructing account numbers, spending on future paychecks, customizable settings, a solid metal card, and the promise of more features updated continuously.

Because approximately two thirds of Millennials dont own a credit card, and the banking industry is notoriously difficult to innovate in, CEO Ry Brown and Cofounder David Adelman placed a risky bet when they founded cred.ai.And yet three years later the team of hackers, artists, scientists, and recovering bankers has come up with the product, announced this afternoon.

The Unicorn card, issued by Wilmington Savings Fund Society (WSFS) and licensed by Visa, runs on a proprietary platform that can ultimately be leased.Ry Brown described it as a banking infrastructure, as cred.ai has satisfied the compliance standards of a bank.The team, which included several attorneys, an astrophysicist, twenty engineers, journalists, and a 3D animator, worked together to understand the ins and outs of banking.The only way to create the card, Brown tells me, was to essentially build a bank from scratch, which is why fellow co-founder and lead investor David Adelman has likened the company to Tesla.

We approached an antiquated and rigid sector as if limitations didn't exist, with the conviction that we could use hard work and creativity to rebuild it into something fundamentally better, says Adelman. Of the forty different ventures [Ive invested in during my career] this is my most exciting one yet.

With the exception of the 2019 Apple Card, there has been very little innovation in the credit card industry.Cred.ai founders looked instead to financial technology companies such as Plaid, PayPal, and Venmo for inspiration.The reason every bank and fintech card offers such sparse, identical features is because they are basically white-labeling the same stock platforms with a different logo, says chief banking officer Lauren Dussault.

The card comes with capabilities that are complete game-changers to the banking industry.Stealth mode allows the card user to create a shadow account, with a completely different set of identification numbers, that can be used for transactions that could potentially be risky, and then deleted.Friend or Foe allows one to trust or restrict transactions on an individual merchant level.Check Please allows one to authorize a transaction in advance and thus avoid a potential card decline.There are no fees, no interest, and no payments.In fact, the card doesnt cost anything to users.

When it comes to helping cardholders build credit, the infrastructure is designed around credit optimization.The algorithms are secret, but Ry Brown tells me the focus is on maximizing credit utilization for card-users.The whole process is automated, ensuring that users wont have to worry about managing their spending to optimize credit, because the cred.ais back-end will do it for them.The interface is designed to generate financial insight and control for a younger generation, says Brown.

The cards activity can ultimately be translated to a FICO credit score.I asked Ry Brown about the racist history of lending and credit score generation, to which he replied that credit has indeed been a tool for suppression, and this product is trying to change the ecosystem.In the words of President and Cofounder Dylan Brown, our mission [is] to build a premium product for all people.

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The Tesla Of Banking Start-Up Cred.ai Unveils Its AI-Powered Credit Card - Forbes

How Loop Quantum Gravity Could Match Anomalies in the CMB with Large Structures in the Modern Universe – Universe Today

Our universe is best described by the LCDM model. That is an expanding universe filled with dark energy (Lambda), and dense clumps of cold dark matter (CDM). It is also sprinkled with regular matter that makes up planets, stars, and us, but that only makes up about 4% of the cosmos. While we dont know what dark matter and dark energy are, we know how they behave, so the ?CDM model works exceptionally well. Theres just one small problem.

The LCDM is defined by several parameters, such as the value of the Hubble Constant, which determines how quickly the universe is expanding, or the baryon density parameter, which describes the scale at which galaxies cluster together. Several independent experiments have measured these parameters, and they get results that slightly disagree. For example, observations of distant galaxies give a Hubble Constant that is higher than the value found from the Cosmic Microwave Background (CMB). These disagreements are known as a tension in the LCDM model. It is perhaps the biggest problem in modern cosmology.

One way to address this problem is to look to new experiments, such as those involving gravitational wave astronomy. But so far, these havent made things better. Another path is to look toward new physics, specifically, theories that extend the standard model of particle physics.

Like the LCDM model of cosmology, the standard model of particle physics works extremely well. But there are some hints around the edges that there could be something more. There is no particle in the standard model that can account for dark matter, for example. So physicists have developed models to go beyond the standard model. The most popular of these is a class of models known as string theory. There is, however, a less popular model known as Loop Quantum Gravity (LQG).

In LQG models, space and time have a fundamental granularity to them at teeny tiny scales. We would never notice this in our everyday lives, or even in the kinds of high-energy experiments we do in modern particle accelerators. However, at the most intense regions of the universe, such as the interiors of black holes or the big bangs first moments, this granularity would matter significantly.

Recently, a team looked at how Loop Quantum Gravity could have interacted with energy and matter during the big bang period. They found that the structure of LQG in the early universe would be magnified by cosmic expansion to shift the observed cosmic parameters. In other words, the tension we see in the LCDM model could result from a cosmic dance between the very tiny and the very large.

Thats all fine and good, but just because a theory can work doesnt mean it is the theory that does work. So the team also looked for a way their model could be distinguished from other solutions. They found that LQG would also leave its mark on the Cosmic Microwave Background. If their model is correct, the CMB should have clusters of small fluctuations that are not statistically random. The granular structure of space and time should leave a detectable imprint.

These fluctuations would be too small for satellites such as Planck to observe, but future missions such as the Cosmic Origins Explorer should detect them. If the team is right, we might not only solve the mystery of cosmic tension, we might also take our first step into a new realm of physics.

Reference: Ashtekar, Abhay, et al. Alleviating the tension in the cosmic microwave background using Planck-scale physics. Physical Review Letters 125 (2020) 051302.

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How Loop Quantum Gravity Could Match Anomalies in the CMB with Large Structures in the Modern Universe - Universe Today