Big Tech, Out-of-Control Capitalism and the End of Civilization – Scientific American

My girlfriend, Emily, is always telling me I have to read this or watch that. I usually resist. I have my own obsessions to indulge, like quantum mechanics. Whats annoying is that her recommendations, when I grudgingly comply with them, often turn out to be sound.

This happened with two of Emilys recent picks. One is The Social Dilemma, a documentary on Netflix. It sounded boringanother expose of the perils of social media. Ho hum, old news. But the film gripped me. Its an in-depth look at how big tech companies, by amassing more and more data on us, are getting better and better at manipulating us, with devastating results.

The film has several strands. One envisions, with actors, how social media hurt an American family. A teenage girl, stung by a casual online remark about her ears, sinks into depression, while her older brother tumbles into the rabbit hole of conspiracy theories. The film also depicts evil AI algorithms, played by three versions of a single creepy actor, ensuring that the teenage boy remains addicted to his smartphone.

These dramatizations were a little hokey. The most compelling, and disturbing, component of the documentary consists of interviews with tech insiders worried about what they have wrought. Actually, worried is too bland a word. These veterans of Google, Facebook, Twitter and other companies are freaking out. Some think digital technologies, unregulated, might destroy civilization.

Google, et. al. equip legions of brilliant engineers with vast databases and powerful AI programs to make their products as addictive as possiblethat is, to maximize the time we spend staring at a screen. The designers of these devices find them irresistible, too. Tim Kendall, former head of monetization for Facebook, recalls that after spending all day trying to boost his firms profits, he went home to his wife and kids and could not stay off his phone. Knowing what was going on behind the curtain, I still wasnt able to control my usage.

The more time we spend on our screens, the more the companies learn about us, the more money they make from advertisingcommercial and politicaltailored to our fears and desires. And once they deduce what news and (mis)information we like, or might like, online sites feed us more of it, confirming our biases. If you begin a search on, say, climate change, Google may suggest different results depending on what it knows about you and others where you live, according to a former Google designer.

This data-driven pandering not only keeps us glued to our devices. It has also contributed to the proliferation of fake news and conspiracy theories and to social schisms in the U.S. and elsewhere. We end up living in parallel universes with radically different views of global warming, race, gender, immigration, crime, abortion and COVID-19.

Some techies believed, initially, that they were creating a better world. Our entire motivation was Can we spread positivity and love in the world?, says Justin Rosenstein, who helped design Facebooks like button. The possibility that teens would be getting depressed when they dont have enough likes, or it could be leading to political polarization, was nowhere on our radar.

Yes, digital technologies yield vast benefits. During the pandemic I keep in touch with friends and family via e-mail and Zoom, and I teach my classes online. I can do research for this articlerewatching Social Dilemma and looking up reviews on my laptopright here in my apartment. When I tire of brooding over the downside of tech, I can binge on Community and Arrested Development.

Our digital era is a blend of utopia and dystopia, says Tristan Harris, who left Google to cofound The Center for Humane Technology (a phrase that sounds increasingly oxymoronic). I can hit a button on my phone and a car shows up in 30 seconds and I can go exactly where I need to go. That is magic. But Harris fears techs ill effects are outweighing its benefits. If we dont agree on truth, he says, or even that there is such a thing as truth, were toast.

One pundit insists that newspapers, radio and television didnt destroy civilization, and neither will smart phones. Another retorts that smart phones are far more addictive than previous information technologies. When many of us wake up in the morning, he notes, the only question is whether we check our phones before we pee or while we pee. And modern methods of surveillance and persuasion make those employed in the predigital era look laughably crude.

Toward the end of the film, Social Dilemma identifies capitalism as the ultimate cause of the ills wrought by big tech. Rosenstein, the Facebook designer, notes that capitalism promotes short-term thinking based on this religion of profit at all costs. This approach, which views nature as something to be mined, literally and metaphorically, for monetary gain, has given us climate change and other environmental threats.

The successful big-tech firms have figured out how to mine our attention. Were more profitable to a corporation, Rosenstein says, if were staring at a screen, staring at an ad, then if were spending our time living our life in a rich way. Rosenstein and others say the government must regulate tech firms to limit the harm they do; the companies cannot be trusted to regulate themselves.

Shoshana Zuboff, a psychologist at Harvard Business School, contends that companies should not be free to gather and sell information on customers without their consent. These markets undermine democracy and they undermine freedom, and they should be outlawed, she says. This is not a radical proposal. There are other markets that we outlaw. We outlaw markets in human organs. We outlaw markets in human slaves.

These calls for reform bring me to Emilys other recommendation, an infamous 50-year-old essay, The Social Responsibility of Business Is to Increase Its Profits, by economist Milton Friedman. The New York Times, which printed the essay in 1970, just republished it along with commentary from scholars and businessfolk.

The essay had a huge impact on economics as well as business and politics. As the Times puts it, Friedmans libertarian economics influenced presidents and inspired greed is good. Friedmans manifesto is crediting with catalyzing the swerve of the U.S. and other western democracies toward free-wheeling capitalism, which governments encouraged with lower taxes.

Friedman rebuked calls for corporations to seek social goals, such as eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. Those who express support for these goals, Friedman asserted, are preaching pure and unadulterated socialism and undermining the basis of a free society. Note Friedmans equation of freedom with corporate freedom.

It is governments job, Friedman argued, to impose rules on businesses that promote general welfare, but such restrictions should be minimal. By freely pursuing profits in competition with each other, with minimal government interference, businesses produce goods, services and jobs that benefit all of society. So Friedman and his many free-market acolytes have claimed.

We are now reaping the consequences of Friedmans vision in the form of industries that pursue profits regardless of the social costs. These include big pharma, which foists drugs on us that often make us sicker; big oil, which has thwarted efforts to counteract global warming; and now big tech, which represents the apotheosis of Friedmans ideology.

Economist and Nobel laureate Joseph Stiglitz comments in the Times that the fallacies of Friedmans ideology are more obvious than ever. Stiglitz asks: Should Mark Zuckerberg let Facebook users spread wanton disinformation if it increases his bottom line? Friedman would say yes. Economic theory, common sense and historical experience suggest otherwise.

Friedmans rhetorical style reminds me of Marx. Both men exude supreme confidence in their judgments, the kind of confidence that inspires zealotry in devotees. Marx predicted that capitalism, by elevating profit above all other values, would inevitably bring about its own destruction. Friedman said capitalism would give us unbounded freedom and prosperity. Right now, Marx is looking more prescient.

Near the end of Social Dilemma, an interviewer asks tech-visionary-turned-critic Jaron Lanier to peer into our future. If we go down the current status quo, Lanier replies, for lets say another 20 years, we probably destroy our civilization through willful ignorance. We probably fail to meet the challenge of climate change. We probably degrade the worlds democracies, so they fall into some bizarre autocratic dysfunction. We probably ruin the global economy. We probablyhe shrugsdont survive. Asked what he fears most, Kendall, the former Facebook executive, replies, In the shortest time horizon? Civil war.

Give capitalism its due. As I acknowledge in a recent book, capitalism has boosted longevity and prosperity over the last two centuries. But our fanatical commitment to Friedman-style capitalism has burdened us with acute inequality, dysfunctional health care, surging climate change and vicious political polarization. Meanwhile we keep robotically swiping our smart phones as things fall apart.

I try to resist alarmism, as a general rule, but alarmism feels like realism lately.

Oh, and Emily, thanks a lot for those recommendations.

Further Reading:

Revolt against the Rich

The Coronavirus and Right-Wing Postmodernism

Does Optimism on Climate Change Make You Pro-Trump?

Did Thomas Kuhn Help Elect Donald Trump?

See also A Pretty Good Utopia (profile of economist Deirdre McCloskey in my free online bookMind-Body Problems)

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Big Tech, Out-of-Control Capitalism and the End of Civilization - Scientific American

News Corp. changes its tune on Big Tech – Axios

One of the biggest news publishing companies in the world has slowly backed away from its harsh public criticism of Big Tech platforms, as companies like Google and Facebook have begun to open up their wallets to news companies.

Why it matters: News Corp. has for years been the driving force behind much of the regulatory scrutiny of Big Tech and its impact on the publishing industry. Now it's becoming a beneficiary of the massive pockets of several of the largest tech companies.

Driving the news: News Corp. CEO Robert Thomson put out a statement lauding Google's new efforts to pay publishers around the world more than $1 billion to license and curate their content last week.

Catch up quick: In early 2018, News Corp. Executive Chairman Rupert Murdoch released a newsy statement calling on Google and Facebook to pay trusted publishers a carriage fee for their content similar to the model adopted between cable companies and TV networks.

State of play: News Corp. now has several partnerships with Big Tech firms, including significant paid licensing partnerships with Facebook and Apple News, as well as working partnerships with Amazon, Spotify, Snapchat and Twitter.

Between the lines: In 2019, News Corp. launched its own news aggregation service called Knewz. Sources familiar with the effort say it was never intended to be a market threat to Big Tech platforms, but rather putting into reality something the company wanted to invest in as a matter of principal.

Behind the scenes, the media giant has commented or consulted on numerous investigations into Big Tech's dominance, and is continuing to press for regulatory reform.

The big picture: There was a time several years ago that media companies, with proper investment and scale, could demand big ad dollars via traffic from platforms like Google and Facebook. Today, media companies with value and investment can pull something even more sustainable from those platforms: licensing fees.

Read the rest here:

News Corp. changes its tune on Big Tech - Axios

20 years after Microsofts antitrust fight, Steve Ballmer betting that Big Tech wont be broken up – GeekWire

Steve Ballmer at the GeekWire Summit 2019 (GeekWire Photo / Dan DeLong)

Twenty years after Microsoft waged its own antitrust battle with the U.S. government, former CEO Steve Ballmer is betting that Congress wont break up Big Tech this time around.

In an interview with CNBC on Wednesday (below), Ballmer was reacting to a U.S. House antitrust subcommittee report released this week that found challenges presented by the dominance and business practices of Amazon, Apple, Facebook and Google.

Ill bet money that they will not be broken up, Ballmer told CNBC.

The450-page report from the subcommittees Democratic leaders concludes a 16-month investigation into the four companies as the operators of major online markets. It finds that the market power of the tech giants has diminished consumer choice, eroded innovation and entrepreneurship in the U.S. economy, weakened the vibrancy of the free and diverse press, and undermined Americans privacy.

Ballmer said he doesnt think the notionof breaking up the companies answers most of the questions or complaints that are being raised against the companies. And he thinks Facebook, Google, Amazon and Apple would do well to engage with regulators now rather than take unilateral action that they hope satisfies those calling the shots.

If Im in these guys shoes, I say, Come on, lets get down there and lets regulate me and lets get it over with so I know what I can do,' Ballmer told CNBC.

Ballmer is currently the billionaire owner of the Los Angeles Clippers NBA franchise and founder of the Bellevue, Wash.-based nonpartisan, not-for-profit civic data initiative USAFacts.

Ballmer also discussed USAFacts launch of a $10 million ad campaign, to air during the nationally televised presidential debates, aimed at illustrating the power of data and facts. The campaign, calledChange the Story,features snapshots of a diverse set of Americans and the numbers which relate back to their lives.

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20 years after Microsofts antitrust fight, Steve Ballmer betting that Big Tech wont be broken up - GeekWire

Microsoft is now the adult in the room among big tech: Seattle Congresswoman – Yahoo Tech

The so-called FAAMG stocks have been the target of Washington, D.C. all year.

Well, most of them at least.

The CEOs of Facebook (FB), Amazon (AMZN), Apple (AAPL) and Google (GOOG) were virtually questioned before Congress this summer and are now the focus of a 451-page report released this week on their business practices.

Facebook, Google and Twitter (TWTR) will be back before lawmakers later this month for a Senate hearing.

But Microsoft (MSFT) no stranger to Congressional inquiries in years past has largely managed to escape the glare.

Thats because they are now the adult in the room in some ways on this issue, said Rep. Pramila Jayapal (D., Wash.), a Democratic member of the House Antitrust subcommittee, which has been diving into Big Techs practices for the last 16 months.

The final report doesnt call for a break-up of the companies, but does talk about the need for structural separations to prohibit one part of a company from using another part of their platform to gain an unfair advantage.

The idea is a roadmap for restoring competition, improving innovation, and safeguarding democracy, say the reports Democratic authors, Reps. Jerrold Nadler and David N. Cicilline.

Jayapals Seattle district includes Amazons headquarters and the companys practices, specifically how it uses data from third-party sellers, has been one of her major focuses.

Its Congresss job to make sure a company like Amazon can't just put a small business that produces diapers out of business by taking all of that market information that nobody else has access to, and using it to subsidize losses and push small companies out, Jayapal told Yahoo Finance.

She has also had a less-than-cordial relationship with Amazon CEO Jeff Bezos. During a Yahoo Finance interview this summer, Jayapal said she had never before met the billionaire. They did talk virtually in July when she grilled him during the hearings, but she said this week that communication since then has been sparse.

Story continues

I've had an open door policy to speaking with Mr. Bezos and have invited him many times, she said. Though she has met with Amazon senior managers.

The lesson here is self-regulation doesn't work, said Jayapal. She points to Microsoft as an example that Amazon should follow, of successfully working with the government.

In 1998, Microsoft was the subject of Congressional antitrust inquiries and many wanted to break the company up. In the end, Bill Gates was able to avoid a breakup by promising to change his companys ways.

The company had to change its culture, change its lines of business, Jayapal said. The process of government involvement led to Microsoft creating a platform for other small companies to thrive, she said.

Jayapal is perhaps the most liberal member of the team charged with investigating big tech. Elected to Congress in 2016, Jayapal is seen as a mentor to freshman Democratic lawmakers like Alexandria Ocasio-Cortez, Ilhan Omar, and Rashida Tlaib.

Jayapal also pointed to the Microsoft example as to why breaking up a company isnt always the best option.

Perhaps in retrospect, Amazon, after we've regulated them, after we've put through some of the recommendations that are in the report, we'll look back and say, "You know what? It's a good thing that that happened, she said.

Ben Werschkul is a producer for Yahoo Finance in Washington, DC.

Read more:

Big Tech, Wall Street and other topics that barely came up at the conventions

After Big Tech hearing, these changes could become priorities for Washington

Inside Amazon, Apple, Facebook and Google versus the Feds

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit.

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Microsoft is now the adult in the room among big tech: Seattle Congresswoman - Yahoo Tech

Trump intensifies conflict with big tech over Section 230 protections following censorship moves by Facebook and Twitter – WSWS

Facebook and Twitter on Tuesday censored posts by President Donald Trump that the social media platforms said violated their rules against misinformation about the coronavirus pandemic. In his posts, Trump compared COVID-19 to the seasonal flu, downplayed the deadly nature of the pandemic and said, we are learning to live with COVID.

The morning after he returned to the White House from Walter Reed Hospitalstill infectious and heavily medicatedand posed in Hitlerian fashion for a photo op on the Truman Balcony, Trump took to social media to bolster his homicidal herd immunity policy and dangerously demonstrate by example how the great leader is facing down the virus.

Facebook removed his post entirely but not before it was shared approximately 26,000 times, according to data published by the social media metrics company CrowdTangle. A Facebook spokesperson told CNBC, We remove incorrect information about the severity of Covid-19, and have now removed this post.

The action by Facebook is unusual in that the worlds largest social media platform has been reluctant to remove posts by the president in the past. In August, Facebook deleted a video of Donald Trump falsely asserting that children were almost immune from COVID-19 during an interview with Fox News, the first time the platform ever removed one of his social media posts.

In the case of Twitter, the tweet remains up but is covered by a warning that says, This Tweet violated the Twitter Rules about spreading misleading and potentially harmful information related to COVID-19. However, Twitter has determined that it may be in the publics interest for the Tweet to remain accessible, along with a link to learn more about the companys coronavirus information policy. Trumps post cannot be retweeted or shared.

The full Tweet reads, Flu season is coming up! Many people every year, sometimes over 100,000, and despite the Vaccine, die from the Flu. Are we going to close down our Country? No, we have learned to live with it, just like we are learning to live with Covid, in most populations far less lethal!!!

That Trumps comparison of the seasonal flu to the coronavirus is completely false is easily confirmed by information readily accessible on the website of the Centers for Disease Control and Prevention (CDC). The site contains data for every year of the seasonal flu going back to 2010-2011 and shows that the death rate among those who get sick from the flu ranges between 0.1 percent and 0.3 percent. The death rate, through July, of those who have contracted COVID-19 is 2 percent, showing that coronavirus is between 6.7 and 20 times more deadly than the flu.

Additionally, as pointed out by the Washington Post, many people who have been infected with the virus have lingering symptoms for months, including difficulty breathing, inability to exert themselves physically, recurring pain. The virus can cause long-term damage to organs other than the lungs, damage that is not common to the seasonal flu.

In response to the censorship measures by Facebook and Twitter, the President tweeted REPEAL SECTION 230!!! Section 230 contains the provisions within the Communications Decency Act of 1996 that shield online services such as social media platforms from being legally responsible for the content posted by users of their systems.

When Twitter began labeling the presidents tweets in late May, he issued an executive order making the US government the arbiter of political speech online. The order called upon the Federal Communications Commission to revise the scope of Section 230 and also empowered the Federal Trade Commission to evaluate the content moderation polices of the tech giants and determine whether or not their actions violate free speech rights.

With Attorney General William Barr standing next to him, President Trump said on that day, Were here today to defend free speech from one of the greatest dangers, before he signed the order. By empowering the federal regulatory agencies in his executive order, Trump was sending a message to big tech that attempts to censor his social media postsalong with those of his far-right and fascist allies and supporterswould result in the removal of Section 230 protections and open up the online service providers to fines and lawsuits.

Since then, the Department of Justice (DoJ) and AG Barr late last month drafted proposed legislation modifying the language of Section 230 to address concerns about online censorship by requiring greater transparency and accountability when platforms remove lawful speech. In a letter dated September 23, Barr jumbled together claims that big tech is hiding behind the shield of Section 230 to censor lawful speech with the allegation that online service providers are invoking the laws protections to escape liability even when they knew their services were being used for criminal activity.

Simultaneous with the DoJ-drafted legislation, Republican Senators Roger Wicker of Mississippi, Lindsey Graham of South Carolina and Marsha Blackburn of Tennessee introduced a bill in the Senate that calls for nearly identical modifications to Section 230 rules for online services. At the top of their list is the unsubstantiated charge that right-wing political views are being singled out by the tech monopolies for persistent online censorship.

Sunday, October 11, 7pm US EDT

The sickness in the White House

An online meeting with Socialist Equality Party candidates in the 2020 US elections, Joseph Kishore and Norissa Santa Cruz.

In moving the bill, Senator Wicker said, For too long, social media platforms have hidden behind Section 230 protections to censor content that deviates from their beliefs. These practices should not receive special protections in our society where freedom of speech is at the core of our nations values. Our legislation would restore power to consumers by promoting full and fair discourse online.

On October 1, the Senate Commerce Committee, which includes 14 Republicans and 12 Democrats, voted unanimously to subpoena the top executives of Facebook, Twitter and Google to appear at a hearing on Section 230 on October 28. After initial opposition to the subpoenas from Democratic Senator Maria Cantwell, the Republicans agreed to add the topics of privacy and misinformation to be discussed along with censorship issues.

Meanwhile, the House Judiciary Committee released a 449-page report on Tuesday on the results of its antitrust investigation into Apple, Amazon, Google and Facebook which condemns big techs monopoly power and calls for the companies to be broken up and restructured.

The coming together of the White House and Democrats and Republicans in Congress over a raft of regulations and attempt to assert government control over the Silicon Valley tech giants raises to a new level contradictions embedded within the capitalist system, not least of which is that these firms are the most valued properties on Wall Street worth trillions of dollars and a primary source of the massive fortunes being made by the financial oligarchy that controls both parties and the entire US political establishment.

Behind the frenzied efforts to reign in the powerful technologies of these firms is a growing awareness that the utilization of these systems by billions of people amid expanding class struggle internationally presents the ruling elite with a problem of revolutionary proportions.

While the ruling establishment is roiled by intense conflicts in the run-up to the November 3 electionswith Trump asserting that he intends to stay in office regardless of the outcome the Democrats and Republicans are unified in their drive to clamp down on information technologies. Their central aim is to prevent the working class from using these technologies to organize their struggles, including across national boundaries, and above all to stop the program of revolutionary socialism represented by the World Socialist Web Site from reaching the working class and youth.

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Trump intensifies conflict with big tech over Section 230 protections following censorship moves by Facebook and Twitter - WSWS

2020 election may be messy but shouldn’t be censored by Big Tech: Parler CEO Matze, COO Wernick, CPO Peikoff – Fox Business

Rep. Jim Jordan, R-Ohio, on stimulus, the presidents health status, Obamagate, social media and the push to break up big tech.

In case protests, riots, lockdowns and a recession didnt already have partisan tensions at their boiling point, the steaming cauldron of rhetoric around the 2020 election just got about 100 degrees hotter.

The recent passing of Justice Ruth Bader Ginsberg, and the resulting vacancy on the Supreme Court, has Democrats and Republicans scrambling to win the public relations battle on how and when her seat should be filled.

Once again, Americans are wondering what information to trust.In this unusually messy time, some seek the short-term comfort that comes from rubber stamping the best information, or even silencing what they dont like or agree with. But to rebuild trust in our institutions, we need the opposite.

HOUSE REPUBLICANS ACCUSE BIG TECH OF CAPRICIOUS CENSORSHIPIn just one example, claims of tradition and precedent mixed with charges of bad faith are flying fast and furious.

Senate Democrats are levying charges of hypocrisy at Majority Leader Mitch McConnell, who in 2016 blocked hearings on President Obamas election-year appointment of Judge Merrick Garland. They point to past statements from the Kentucky senator suggesting that the people should vote before a nominee is confirmed.Republicans counter that the cagey McConnell was referring only to the circumstances in 2016, when the parties split control of the Senate and White House, and that the present alignment, in which they control both, makes for a completely different situation.There is a lot to unpack there, and these are just a few of the literally dozens of arguments being thrown around.

What are concerned voters seeking the facts supposed to think?There are no easy answers, but one thing is clear: We shouldnt outsource our critical thinking to content moderators and curators, like Facebook and Twitter.

DEMOCRAT-LED HOUSE PANEL TO SEEK BREAKUP OF BIG TECH, GOP LAWMAKER SAYSLike just about everyone else, Big Tech publishers have agendas. They use questionable fact checking and algorithmic manipulation to show content that supports their preferred narratives.

At Parler, we call this an information brownout. Like a power company rationing electricity, tech oligarchs give plenty of juice to the content that supports what they want you to think, and they underpower competing viewpoints.Private or public censorship--even when convenient--has never been tolerated for long in America, and neither will technoauthoritarianism.

Everyone has the right to hear all sides of an argument and decide what to see, read, think, and share for themselves.Tensions are going to remain high in this election, and the decisions made by Americas communication platforms are sure to influence voters.

Our process, and our republic, demand that leaders be accountable for their actions at the ballot box. Voters will have the chance to make their opinions heard in six weeks, and either reward or punish politicians as they see fit.

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The people deserve to make these decisions armed with all--not some or most--of the available information.Just as importantly, trust in and respect for election results requires transparency. Americans deserve this as they deal with the difficulties of voting in a pandemic and the realities of greatly expanded vote-by-mail programs.

If a technoauthoritarian brownout undermines the free exchange of information in November, that trust could be mislaid. Twitter and Facebook have already discussed plans, in the event of various contingencies, to impose de-facto censorship and allow only approved information sources to be seen and heard.Courts are already ruling that ballots will be accepted for days after November 3. The tabulation process will no doubt be messy, and both parties are readying their spin machines to challenge or attack the process.

The 2016 presidential results were essentially decided by fewer than 100,000 votes spread across three swing states. The implications of fraud, interference, or even error in 2020 could be huge.In this environment, any technoauthoritarian brownout will be a disaster, fueling suspicions and undermining confidence in the final outcome. Americans deserve better.What we need is uncensored, real-time election coverage. We need candidates, journalists, observers, and interested citizens sharing information and commentary.

We need hubs for exit polling, poll watching, ballot counting and recounting, legal challenges, breaking news and analysis from all perspectives.

Ideally, every platform will honor the right of all individuals to speak and hear freely.While this is business as usual at Parler, we are proud to do our part this year to ensure that no candidate, Republican, Democrat, or otherwise, will be able cheat, incite unrest, or steal an election unchallenged and in the darkness.

The people deserve to vote after making their own judgments, armed with all available information. And after their votes are cast, they deserve a transparent process that they can trust is legitimate.

Lets all join together and see to it that this happens.Jeffrey Wernick is COO and Angel Investor in Parler.John Matze isCEO of Parler.Amy Peikoff is Chief Policy Officer for Parler.

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2020 election may be messy but shouldn't be censored by Big Tech: Parler CEO Matze, COO Wernick, CPO Peikoff - Fox Business

Gianaris on House Judiciary Big Tech Antitrust Investigation Report – The National Herald

NEW YORK On October 8, Senate Deputy Leader Michael Gianaris issued the following statement as House Judiciary Democrats released their long-anticipated investigative report on the monopolistic practices of Big Tech companies. The report specifically highlighted the need for an abuse of dominance standard which Senator Gianaris has proposed in his legislation at the state level.

Our antitrust laws were written a century ago for a radically different economy and they are in desperate need of serious updates. Corporate power has reached unprecedented and dangerous levels, and we need powerful new laws to protect the public and our economy, said Senate Deputy Leader Gianaris. "I am pleased this issue is gaining attention and I commend our colleagues in Congress, led by Rep. David Cicilline, for their thorough investigation."

New York's existing antitrust laws are more than a century old and are not equipped to regulate abuses in todays world. In the meantime, market domination has led to new uncompetitive practices such as predatory pricing and leveraging a companys dominant position to control adjacent markets.Senator Gianaris legislation - the 21st Century Antitrust Act - would allow the state to take action against companies engaging in these practices, as well as allow for class action lawsuits. The Senate held its first-ever antitrust hearing on Senator Gianaris' bill in September.

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Gianaris on House Judiciary Big Tech Antitrust Investigation Report - The National Herald

A simple change to antitrust law that could rein in big tech – Quartz

The Democratic leaders of the US House of Representatives Judiciary Committee released a 449-page report this week alleging a lack of competition in digital markets. The report proposes countless remedies, including specific suggestions for Google, Amazon, Apple, and Facebook. But one recommendation stands out for its simplicity and potential efficacy.

The big tech companies have strengthened their positions by acquiring lots of smaller companies, the report argues, and It is unclear whether the antitrust agencies are presently equipped to block anticompetitive mergers in digital markets. The report suggests a simple policy change to fix that:

Subcommittee staff recommends that Congress consider shifting presumptions for future acquisitions by the dominant platforms. Under this change, any acquisition by a dominant platform would be presumed anticompetitive unless the merging parties could show that the transaction was necessary for serving the public interest and that similar benefits could not be achieved through internal growth and expansion.

This idea isnt new: In merger review, its known as structural presumption. Back in 1963, the US Supreme Court established in United States v. Philadelphia National Bankthat certain mergers should be presumed to be anticompetitive, based on the market share of the companies seeking to merge.

Youre looking at the United States in the aftermath of World War II, looking at the rise of concentration in Europe, really warning that we want to avoid that, explains Maurice Stucke, a law professor at the University of Tennessee and the author of Competition Overdose.

The presumption that certain mergers were anticompetitive and so should be blocked helped judges avoid digging through complicated economic questions in cases where, it was believed, the answer was fairly clear-cut. The Court believed it should not ramble through the wilds of economic theory, says Stucke.

That presumption held through the 60s and 70s, but started to change in the 80s as the law-and-economics movement popularized the idea that judges should be considering complicated economic questions in making their rulingsincluding on questions of antitrust. What happened was [that] in other contexts a conservative Supreme Court began rambling through the wilds of economic theory, says Stucke.

Current US merger guidelines still contain a version of the presumption created in 1963, but it has become less stringent over time and today it amounts to a recommendation that courts apply extra scrutiny, not a shift in the burden of proof.

The result is that lots of harmful mergers are approved, argues John Kwoka, an economist at Northeastern University who has researched mergers in concentrated markets. These mergers give the acquiring firm more power over their market and ultimately result in higher prices. Fiona Scott Morton, an economist at Yale, reached the same conclusion in a review of the past decade of antitrust research.

The committees report recommends codifying the presumption in law. What this would do is it would shift the burden, says Stucke. So now the burden of proof is on the merging parties to show the transaction was necessary for serving the public interestthey would have to show that this merger is competitive. Doing so would make it harder for large tech companies to buy up potential competitors, as Facebook did with its acquisitions of Instagram and WhatsApp.

Unlike policy ideas that are specific to tech, codifying the presumption against mergers in concentrated markets would also help restore competition across the US economy.Big firms are growing more dominant in most industries and are less likely to be unseated than they once were. Making it harder to buy up smaller competitors could help reverse those trends.

Preventing acquisitions could also make big companies more innovative, according to a team of economists at Duke University and Norwich Business School. Historically, many large [corporate R&D] labs were set up partly because antitrust pressure constrained large firms ability to grow through mergers and acquisitions, they write in a recently published history of the US innovation economy. In the 1930s, if a leading firm wanted to grow, it needed to develop new markets. With growth through mergers and acquisitions constrained by antitrust pressures, and with little on offer from universities and independent inventors, it often had no choice but to invest in internal R&D.

Big US companies do less scientific research today than they once did. The major tech companies do invest significantly in research and developmentin 2018, Amazon and Alphabet were first and second, respectively, in global spending on R&Dand they publish more in scientific journals than most companies. But their scientific publishing hasnt grown in line with their revenues. At Microsoft and Alphabet, the two biggest scientific publishers of the big tech firms, scientific publications per $1,000 in sales peaked in 2009 and has since sharply declined.

Big firms ability to buy up innovation without doing it themselves has a precedent in the US, and not one that is favorable to the tech companies. In the late 19th century, US railroad companies mostly eschewed doing research, choosing instead to buy up patents from smaller firms or individual inventors. The success of their strategy helped kick off the original antitrust movement.

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A simple change to antitrust law that could rein in big tech - Quartz

Big Tech: Between a rock and a hard place in the US – RNZ

By James Clayton, BBC North America technology reporter

The US elections could affect the global social media and technology landscape. We now have two huge clues for what Big Tech can expect in the years to come.

Photo: 123RF

In the US, both the Democrats and the Republicans now have a fixed position on regulating tech.

They are both totally different.

First off Trump.

After the US President shared a piece of disinformation on Facebook and Twitter about the relative dangers of Covid, the two companies reacted: Twitter hid his post and Facebook removed it altogether.

Trump responded by tweeting "Repeal Section 230!!!".

This is a key piece of legislation that stops companies like Facebook and Twitter from being liable for the things people post.

It essentially gives them "platform" rather than "publisher" status.

Just imagine for a second if all of the posts on Facebook - all of the accusations, all of the libellous content, all of it - was the responsibility of Mark Zuckerberg.

It doesn't work. Without Section 230 companies like Facebook, Twitter, TikTok etc couldn't function as they do now. They'd potentially have to moderate your content in real time.

Even for the most powerful artificial intelligence systems, that is not possible.

You might think: "Trump says he'll repeal Section 230, but will he actually?"

Photo: AFP

My response would be: "Look at TikTok."

Trump has well and truly followed up on his actions - without a judge's last minute intervention it would be illegal for Apple and Google's app stores to offer TikTok for download in the US now.

It's perfectly conceivable that a Trump presidency would follow through with his campaign threats.

Plenty of Republicans believe that much of social media has an anti-conservative bias. Trump would certainly find support from his own party to act.

The other big tech news earlier this week was the release of The House Judiciary Committee's report into "antitrust".

This is the idea that Big Tech has got so big it is now flouts anti-competition rules.

This is a Democrat-led committee - the report was written by Democrats.

The report concludes: "To put it simply, companies that once were scrappy, underdog start-ups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons."

Photo: 123RF

The share price of all four companies dived as soon as the report was released.

Literally, the first recommendation is to prohibit "dominant platforms from operating in adjacent lines of business".

That would be massive. It could potentially stop companies like Google owning YouTube. Or Facebook owning Instagram.

The word "monopoly" is used 120 times in the report.

These weren't bi-partisan recommendations though - Republicans didn't support all the findings.

However, there is some common ground between the parties.

For example, Republican Ken Buck has said he agrees with much of the report.

And in terms of Section 230, Biden has also indicated he could support getting rid of it - albeit for different reasons to Trump.

And so we have two Presidential candidates, each with his own stick to bash Big Tech.

The company that perhaps is least hedged against these two approaches is Facebook. It's hard to know which option would be worse for the social network.

If Joe Biden becomes the US President, calls to break up Big Tech could grow. Photo: AFP

For others, well there's now a reasonable argument that can be made that Trump would be better.

Republican focus on social media bias would pretty much leave Apple and perhaps Amazon untouched.

The election issues in this campaign have been centred around Covid, Black Lives Matter, the economy and law enforcement.

But make no mistake, this US election is a huge event for Big Tech too.

- BBC

Link:

Big Tech: Between a rock and a hard place in the US - RNZ

Congressman Cicilline just laid the smack down on big tech companies – The Boston Globe

ICYMI:RhodeIsland was up to 25,596 confirmed coronavirus cases on Tuesday, after adding 145 new cases. The most recent first-time, test-positive rate was 5.6 percent. The state announced four more deaths, bringing the total to 1,125. There were 93 people in the hospital, eight in intensive care, and four were on ventilators.

* * *

U.S. RepresentativeDavid Cicillinesantitrust subcommittee released a449-page reportTuesday that makes the case that the worlds largest tech companies (think Amazon, Apple, Facebook, and Google)are operating monopoliesand that sweeping reforms should be enacted to limit their ability to swallow up competitors.

The report, released after a 16-month investigation that included the high-profile testimonyof the top tech executivesearlier this year, concludes that the dominance of the largest companies have allowed them to run the marketplace (like e-commerce) while also competing in it, giving them an unfair advantage.

The report recommends that laws be approved or changed to impose structural separations and prohibitions of certain dominant platforms from operating in adjacent lines of business and potentially prevent them from future mergers or acquisitions that would grow their monopolies. The committee also wants to strengthen antitrust laws and invest in enforcement.

To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons, the report states.

In a telephone interview Tuesday evening, Cicilline said the thing that surprised him most during the investigation was the level of data collection and surveillance by the major tech companies. He said he didnt fully appreciate the magnitude of the problem at the beginning of the probe.

They are collecting and monetizing and weaponizing an enormous amount of personal data, Cicilline said.

The report has already been met with fierce opposition from the companies. In a blog post on Tuesday, Amazon criticized regulatory spit-balling on antitrust, arguing that some of the ideas being kicked about would have the primary effect of forcing millions of independent retailers out of online stores.

Cicilline fired back, suggesting that all of these platforms have a very substantial financial interest in protecting the status quo.

Cicilline also downplayed what appears to beRepublican oppositionto the recommendations, noting that Democrats and Republicans on the committee agree on the majority of reports findings. But no Republican agreed to sign on to the report, and at least three of them released their own report.

And while he acknowledged that the outcome of next months election will play a major role in determining whether the committees recommendations ever become law, Cicilline said he believes the shared set of facts among members of both parties is a sign of progress.

Thats a very different place from where we were a year or two ago, Cicilline said.

* * *

THE GLOBE IN RHODE ISLAND

The second day of political operativeJeff Brittsmoney laundering trial included the damning testimony of a semi-retired private investigator who told the judge that Britthanded him $1,000 in cashafter asking him to write a $1,000 check to a former Republican candidate so she could afford a mailer backing Democratic House SpeakerNicholas Mattiello.

If your head is spinning when reading about the Britt trial, youre not alone. Heres my attempt toanswer many of the questionsyou might be too afraid to ask.

On the same day that we told you about all of the items Rhode Islanderswant to seein the next coronavirus relief package,President Trumpannounced he was calling off negotiations until after the election. My colleaguesLarry EdelmanandShirley Leungexplainwhat the decision means.

Thedeath of legendary guitarist Eddie Van Halensent me down the Google rabbit hole yesterday afternoon, and heres one of the coolest things I learned: Some of the music video for Panama was shot at the Providence Civic Center.

* * *

MORE ON BOSTONGLOBE.COM

Opinion: This wont be that much of surprise to you, but the Globes editorial board is backingJoe Bidenfor president. The board has taken a unique approach by attempting to explain to12 different kinds of voterswhy it believes Biden is the right pick.

2020: If you want to cry and laugh and scream and smile, you should start your morning with my colleagueZoe Greenbergsexhaustive look at whether were livingin one of the craziest yearsin American history.

Education: If I were homeschooling my kids, I think Id wantBilly Baker to be involved.

Coronavirus:President Trump is once again comparing COVID-19 to the flu, but this chartshows how wrong he is.

Sports: There are more important things than football for colleges across the country to care about, butBob Hohlerlooks at how UMass is hoping its decision to playwill provide a much-needed boostto a struggling program.

* * *

WHATS ON TAP TODAY

Each day,Rhode Mapoffers a cheat sheet breaking downwhats happening inRhodeIsland. Have an idea? E-mail us atRInews@globe.com.

BIRTHDAYS:RhodeMapreaders, if you want a friend or family member to be recognized on Friday,send me an e-mailwith their first and last name, and their age.

GovernorGina Raimondosweekly coronavirus press conference is at 1 p.m.

Day three of political operative Jeff Britts money laundering trial begins at 10 a.m. You canlisten to the livestream here.

The 2020 Womens Small Business Summit is being streamed over three days, beginning today and continuing Oct. 22 and Nov. 5. You cancheck out todays agenda here.

The Rotary Clubs of Rhode Island will be outside the State House at 12:30 p.m. for the arrival of 30,000 protective face masks that will be distributed to first responders and essential workers.

Do you Rhode Map? Your subscription is what makes it possible.Weve got a great offer here.

* * *

Thanks for reading. Send comments and suggestions to dan.mcgowan@globe.com, or follow me on Twitter @DanMcGowan. See you tomorrow.

Please tell your friends about Rhode Map! They cansign up here. The Globe has other e-mail newsletters on topics ranging from breaking news alerts to sports, politics, business, and entertainment --check them out.

Dan McGowan can be reached at dan.mcgowan@globe.com. Follow him on Twitter at @danmcgowan.

Continued here:

Congressman Cicilline just laid the smack down on big tech companies - The Boston Globe

Big Tech’s $5 Trillion Reckoning Has to Start Somewhere – Yahoo Finance

TipRanks

If the stock markets ups and downs this year have taught us any enduring lesson, its a repeat of an old stand-by: the importance of setting up a steady income stream, to keep the portfolio profitable no matter how the individual shares move. Dividends are a key part of any investment income strategy, giving investors a reliable income when its needed most.All dividends are not created equal, however. Investors should seek out companies with one of two advantage or preferably both: a commitment to maintaining the dividend, and a high yield. The second is not hard to find, considering the Federal Reserves policy of keeping interest rates near zero, while the first attribute may take some research.With all of that in mind, weve opened up the Stock Screener tool from TipRanks, a company that tracks and measures the performance of analysts, to find stocks with high dividend yields. Setting the screener filters to show stocks with "strong buy" consensus rating and a high dividend yields exceeding 9% gave us a manageable list of stocks. Weve picked three to focus on.New Mountain Finance Corporation (NMFC)The first stock on the list is New Mountain Finance, in the business development niche. New Mountain invests in debt securities, including first and second lien notes and mezzanine securities. The Company's portfolio includes public and private equity and credit funds with a total worth well north of $28 billion.The company reported 30 cents per share in net investment income for the second quarter, down 4 cents sequentially. At the top line, revenues came in at $76 million, a healthy turnaround from the first quarter revenue loss of $174 million. As far as the data can show, New Mountain has turned around from the coronavirus losses incurred early in the year.New Mountain kept its dividend payment stable in the second quarter, at 30 cents per common share. At the current level, the $1.20 annualized payout gives a high yield of 11.5%.Wells Fargo analyst Finian OShea is comfortable with NMFCs dividend policy, writing, Having reduced its $0.34 dividend to $0.30 last quarter, coverage appears solid after the BDC has sustained its impact from nonaccruals, de-leveraging and LIBOROShea believes NMFC shares have room to rise, noting: "NMFC trades at 0.82x, about in-line with the WFBDC Index despite its history of top-quartile returns, improved leverage profile and portfolio level performance so far through todays recessionary environment."To this end, OShea rates NMFC an Overweight (i.e. Buy), and his $11.25 price target suggests it has a nearly 14% upside potential for the coming year. (To watch OSheas track record, click here)Overall, the Wall Street consensus on NMFC is a Strong Buy, based on 4 reviews including 3 Buys and 1 Hold. The shares are selling for $9.88, and the average price target of $10.92 implies a one-year upside of 11% for the stock. (See NMFC stock analysis on TipRanks)Plains GP Holdings (PAGP)Next on our list, Plains GP, is a holding company in the oil and gas midstream sector. Plains assets move oil and gas products from the well heads to the storage facilities, refineries, and transport hubs. The companys operations move more than 6 million barrels of oil equivalent daily, in a network extending to the Texas oil patch and the Gulf Coast. Plains also has assets in California and the Appalachian natural gas fields.The crisis in the first half of this year put heavy pressure on Plains revenue and earnings. By Q2, revenue was down by two-thirds, to $3.2 billion, and EPS had fallen to just 9 cents. As part of its response, Plains slashed its dividend by half from 36 cents per common share to 18 cents. The cut was made to keep the dividend within the distributable cash flow, affordable for the company and kept up for shareholders. Looking at numbers, PAGP's dividend payment offers investors a yield of 11.7%, almost 6x higher than the average yield among S&P 500-listed companies.Tristan Richardson, covering the stock for Truist, sees Plains in a good spot at present. Noting the difficulties faced earlier in the year, he writes, Despite cautious notes on recovery and general industry commentary that reflects the tepid growth environment, Plains remains among best positioned, in our view, amongst volumetrically sensitive business as a dominant Permian operator We believe the units/shares should find some support over the near term on the inflection to positive free cash flow and gradual de-levering.Richardson gives this stock a Buy rating and $12 price target, indicating an impressive potential upside of 80% for the next 12 months. (To watch Richardsons track record, click here)The Strong Buy analyst consensus rating on PAGP is unanimous, based on 5 recent reviews, all Buys. The stock has an average price target of $11, implying an upside of 65% from the current share price of $6.82. (See PAGP stock analysis on TipRanks)Sixth Street Specialty Lending (TSLX)The last company on our list recently underwent a name change; in June, it dropped its old name TPG in favor of Sixth Street. The ticker and stock history remain the same, however, so the difference for investors is in the letterhead. Sixth Street continues the core business of providing credit and capital for mid-market companies, helping to fund Americas small and medium enterprise niche.The economic difficulties of the corona crisis were easily visible in this companys top line. Revenue was negative in Q1, due to a curtailment in loan collections and reduction in interest income, although earnings remained positive. In Q2, EPS rose to 59 cents per share, meeting the forecast, and revenues returned to positive numbers, at $103 million.Sixth Street adjusted its dividend during the crisis, but that move did not raise any eyebrows. The company has a long history of dividend payment adjustments, regularly making changes to the common stock dividend in order to keep it in line with earnings, and giving supplemental dividends when possible. The current regular payment is set at 41 cents, annualizing to $1.64, and giving a strong yield of 9.45%.JMP analyst Christopher York believes that Sixth Street has as solid position in its niche, noting, we think the company has historically proven, and subsequently earned investor trust and credibility to underwrite and structure complex and special situation investments to achieve attractive risk-adjusted returns.Regarding the dividend, York is optimistic about the future, writing, [The] supplemental dividend is likely to return following two quarters of no distributions as a result of the mechanics of the supplemental dividend frameworkIn line with his positive outlook for the company, York rates the stock as Outperform (i.e. Buy), and his $20 price target indicates confidence in a 15% upside potential. (To watch Yorks track record, click here)This stock has another unanimous Strong Buy consensus rating, with 5 recent Buy reviews. The stocks current share price is $17.33 and the average price target of $19.30 suggests it has room for 11% share price growth ahead of it. (See TSLX stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Big Tech's $5 Trillion Reckoning Has to Start Somewhere - Yahoo Finance

GLOBAL MARKETS-Big tech weighs on U.S., world equities, capping gains on Trump’s improving health – Reuters

* Big tech caps index gains on antitrust threat

* Fed Chair Powell speaks

* Crude extends gains on Trumps recovery, supply pressures

* Stimulus talks ongoing

* Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh (Updates to U.S. markets open, changes dateline from LONDON to NEW YORK, changes byline)

NEW YORK, Oct 6 (Reuters) - Large-cap tech stocks weighed on U.S. and European equities on Tuesday despite reassurances about President Donald Trumps improving health and progress toward a stimulus deal.

President Trump said he felt real good upon returning to the White House after a three-day hospital stay where he received an experimental treatment for COVID-19.

The view that Trump appears to be on the road of recovery is benefiting the global markets because it indicates that there is stability in the White House, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

But market-leading large cap tech stocks weighed on U.S. stocks after reports that the U.S. House of Representatives upcoming antitrust report contains a thinly veiled call to break up the companies.

U.S. Federal Reserve Chair Jerome Powell is speaking on the topic of Economics, Business and Policy in the Pandemic at a virtual meeting of the National Association for Business and Economics.

Powells not prone to surprising the markets, Ghriskey added. Hes likely to confirm the Feds goals of improving employment and creating some inflation over the longer term.

Stocks were little changed as Powell began his remarks.

Optimism over the passage of a new pandemic relief aid package was simmering in the background, as U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued to hammer out a bipartisan agreement months after emergency benefits expired for millions of Americans.

The Dow Jones Industrial Average rose 107.79 points, or 0.38%, to 28,256.43, the S&P 500 gained 3.18 points, or 0.09%, to 3,411.81 and the Nasdaq Composite dropped 2.36 points, or 0.02%, to 11,330.12.

European equities advanced after Trumps release from the hospital helped ease uncertainties and as Germany reported a remarkable jump in industrial orders, but pared gains due to weakness in tech and healthcare stocks .

The pan-European STOXX 600 index rose 0.16% and MSCIs gauge of stocks across the globe gained 0.28%.

Crude prices extended gains, boosted by waning uncertainties surrounding Trumps health and supply disruptions from the ongoing oil worker strike in Norway.

U.S. crude rose 3.9% to $40.75 per barrel and Brent was last at $42.78, up 3.61% on the day.

The dollar edged nominally lower as investors waited for developments in ongoing stimulus talks in Washington.

The dollar index fell 0.09%, with the euro up 0.08% to $1.179.

The Japanese yen strengthened 0.11% versus the greenback at 105.64 per dollar, while Sterling was last trading at $1.2971, down 0.05% on the day.

U.S. Treasury yields slightly extended their rise after Fed Chair Powell began speaking on the economy.

Benchmark 10-year notes last fell 7/32 in price to yield 0.7834%, from 0.762% late on Monday.

The 30-year bond last fell 27/32 in price to yield 1.6029%, from 1.567% late on Monday.

Stimulus hopes also helped gold prices inch higher.

Spot gold added 0.2% to $1,916.49 an ounce.

Reporting by Stephen Culp; additional reporting by Marc Jones; Editing by Bernadette Baum

Original post:

GLOBAL MARKETS-Big tech weighs on U.S., world equities, capping gains on Trump's improving health - Reuters

Medtronic Announces Adaptix Interbody System, the First Navigated Titanium Cage with Titan nanoLOCK Surface Technology – BioSpace

A World's First That Combines Innovative Technologies: Titan nanoLOCK Surface Technology and Navigation

DUBLIN, Oct. 7, 2020 /PRNewswire/ -- Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced the U.S. launch of Adaptix Interbody System, the first navigated titanium implant with Titan nanoLOCK Surface Technology, a proprietary blend of surface textures on the macro, micro, and nano levels. The Adaptix Interbody System, mirrored after the veteran Capstone Spinal System, touts improved features for increased strength,1 subsidence resistance,1,2,3 easy insertion, and data-backed bone growth4,5. The announcement was made during the virtual edition of the North American Spine Society (NASS) annual meeting. Adaptix received U.S. Food and Drug Administration (FDA) approval in August 2020.

This milestone represents the first 3D printed titanium implant, developed in house by Medtronic engineers, that incorporates the state-of-the-art Titan nanoLOCK Surface Technology.

Titan Spine, acquired in 2019, pioneered this surface technology that is the first to demonstrate the elements to be considered a nanotechnology for spinal devices as outlined in the FDA nanotechnology guidance document. Interbody implants are spacers that surgeons may insert between the vertebrae during spinal fusion surgery to help relieve pressure on nerves and hold the vertebrae in place while fusion occurs.

"Adaptix Interbody System allows me the best chance to meet my patients' needs by confidently placing the implant under navigation and trusting the Titan nanoLOCK Surface Technology to allow the implant to promote fusion. Surface technology, material type, and implant design all play a role in bone growth process during fusion," said J. Justin Seale, M.D. of OrthoArkansas Spine Institute. "The unique features and world-class technologies make the Adaptix Interbody System a truly differentiated implant."

The Adaptix Interbody System addresses surgeons' universal needs of fusion outcomes and offers:

Medtronic continues to transform spine care and deliver on its Surgical Synergy strategy by offering solutions that integrate implants, biologics, and enabling technologies. Adaptix Interbody System is compatible with the Medtronic navigation platform (StealthStation Navigation and O-arm imaging) and the newly released Grafton DBF Inject, a unique graft delivery syringe that delivers an osteoinductive6 DBM into the surgical site.

"Adaptix Interbody System is an exciting addition to our portfolio that leads with our Titan nanoLOCK Surface Technology," said Sharrolyn Josse, vice president and general manager of Medtronic Core Spine and Biologics division, which is part of the Restorative Therapies Group at Medtronic. "It is a fully navigated procedure, leveraging our leadership in navigation."

About MedtronicMedtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

1 Comparison of Adaptix and Capstone testing per ASTM F2077and ASTM F2267.2 Based on surface area measurement.3 Based on engineering principles.4 Wennerberg, A., & Albrektsson, T. (2009). Effects of titanium surface topography on bone integration: a systematic review. Clin Oral Implants Res, 20 Suppl 4, 172-184.5 Gittens, R.A., Olivares-Navarrete, R., Schwartz, Z, Boyan, B.D. (2014). Implant osseointegration and the role of microroughness and nanostructures: lessons for spine implants. Acta Biomater., 10(8), 3363-71.6 Data on file. Animal data is not necessarily indicative of human clinical outcomes.

Contacts:

Victor Rocha

Ryan Weispfenning

Public Relations

Investor Relations

+1-901-399-2401

+1-763-505-4626

View original content to download multimedia:http://www.prnewswire.com/news-releases/medtronic-announces-adaptix-interbody-system-the-first-navigated-titanium-cage-with-titan-nanolock-surface-technology-301147250.html

SOURCE Medtronic plc

Company Codes: NYSE:MDT

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Medtronic Announces Adaptix Interbody System, the First Navigated Titanium Cage with Titan nanoLOCK Surface Technology - BioSpace

Nanocoolant Alternative for Cooling Elements by UMP Researchers – QS WOW News

The Advanced Nano Lab for Coolant and Lubricant in the Faculty of Mechanical and Automotive Engineering Technology Universiti Malaysia Pahang led by Associate Professor Ts. Ir. Dr. Kumaran Kadirgama and Associate Professor Ts. Dr. Devarajan Ramasamy has come out with a nanocellulose-engineered coolant for the cooling system.

Nanocellulose is an abundant organic material from plants that reduces the use of harmful coolants in the market. This coolant can be an alternative way to overcome heating problems in manufacturing, automotive, and heating parts in electric vehicles. This coolant can extend a car engines life by around 35% and cutting tools by around 25%.

In the 2018 and 2018 International Invention, Innovation & Technology Exhibition (ITEX), this product bagged a gold medal. Also, it won platinum and gold medals in the British Invention Show 2018. The work regarding this product has been published in various reputed international journals and conferences.

The product has already been applied for a patent on manufacturing and automotive usage. The research team is currently approached by one of the local industries to help in commercializing the product and for a joint application on the commercialization grant.

The Advanced Nano Lab for Coolant and Lubricant has managed to secure RM 800,000 from national and international agencies. The lab works with the Automotive Excellence Center (AEC) of Universiti Malaysia Pahang to solve the heating problem and expand the engines life with a new solution and components machining.

Currently, seven students are pursuing their masters or PhD degrees in this laboratory. This is an excellent opportunity for the students to learn new technology and data using the current technology. This lets them learn in theory and practice, where they need to understand the skills of preparing the liquid and running the experimental test rig. Engine lubrication is another focus of the lab. It can be further enhanced with the new nanomaterials.

The current research will focus on the new advancement of nanomaterials to solve the heating problem in the manufacturing, solar, and automotive sectors.

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Nanocoolant Alternative for Cooling Elements by UMP Researchers - QS WOW News

Post Pandemic Nano Gas Sensor Market Size to Reach USD XX Million Billion by 2027 Analysis by Top Manufacturers Raytheon Company, Ball Aerospace and…

Global Coronavirus pandemic has impacted all industries across the globe, Nano Gas Sensor market being no exception. As Global economy heads towards major recession post 2009 crisis, Cognitive Market Research has published a recent study which meticulously studies impact of this crisis on Global Nano Gas Sensor market and suggests possible measures to curtail them. This press release is a snapshot of research study and further information can be gathered by accessing complete report. To Contact Research Advisor Mail us @ [emailprotected] or call us on +1-312-376-8303.

The global Nano Gas Sensor market research report is anticipated to rise at a considerable rate during forecast period, between 2020 and 2027. The global Nano Gas Sensor market report study provides intelligence studies ensuring relevant and fact-based research which help clients understand the significance and impact of market dynamics. This research report covers the current status and future prospects for the global Nano Gas Sensor market. Report offers the detailed Nano Gas Sensor market overview, development, and segment by type, application and region. In addition, Nano Gas Sensor market research report introduces the market competition overview among the major companies and companies profiles.

Global Nano Gas Sensor Market: Product analysis: Semiconductor Nano Gas Sensor, Electrochemistry Nano Gas Sensor, Photochemistry (IR Etc) Nano Gas Sensor, Other

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Some of the key players operating in this market include Raytheon Company, Ball Aerospace and Technologies, Thales Group, Lockheed Martin Corporation, Environmental Sensors, Emerson, Siemens, Endress Hauser, Falcon Analytical, Agilent Technologies . Manufacturers are facing continued downward pressure on demand, production and revenues as the COVID-19 pandemic strengthens. Manufacturing in the Euro-area experienced a substantial deterioration in its business cycle as the impact of COVID-19 hit both the demand and supply sides of the technology industry.

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The business is particularly defenseless given that the greater part of its workforce is utilized on location employments that are impossible remotely. Also, given the idea of the business, manufacturers should be creating social distancing in workplaces that are typically worker-dense (e.g., manufacturing plants, warehouses, material movements and logistics, etc.). Furthermore, manufacturers should be prepared for major supply chain disruptions. This will influence the OEMs, however will likewise wave all through flexibly chain, influencing manufactures by driving reduced demand for materials and parts.

There is hardly any place in the world that has remained unaffected by the brutality of the Covid-19 pandemic; almost every manufacturing company is suffering from ruthless Novel Coronavirus Disease. To encompass the pandemic, many nations and Governments around the world has imposed a lockdown, restricting the gatherings and the movement of people. Lockdown has multiple consequences, which further stretch the troubles for various sector like reverse migration, disruption of supply chains, manufacturing sector. As the government have close down shops, stores and malls that helps to slow the spread of the virus, which is the major factor that is affecting the industry.

The global Nano Gas Sensor market research report examined on the basis of the various parameters such as Porters Five Force Model, SWOT Analysis which provides the precise information about the global Nano Gas Sensor market. Furthermore, in-depth analysis of the global Nano Gas Sensormarket research report helps to identify the drivers, restraints, and opportunity regarding current market scenario.This report offers the detailed information regarding the global Nano Gas Sensor market. Report covers the brief summary of product, which defines the scope of the report in the Nano Gas Sensor market. Along with that, production methods used in it are also covered in the report. In addition, global Nano Gas Sensor market research report analyzes the diverse dynamics which are influencing the global Nano Gas Sensor market.

Any query? Enquire Here For Discount (COVID-19 Impact Analysis Updated Sample): Click Here>Download Sample Report of Nano Gas Sensor Market Report 2020 (Coronavirus Impact Analysis on Nano Gas Sensor Market)

Market Segmentation, by regions:The analysis and forecast of the global Nano Gas Sensor market research report is based on the regional basis. The report is emphasizes on the major regions. These various regions consists the detailed information regarding current trends and forecast analysis which could help the global Nano Gas Sensor market in the long period.North America (U.S., Canada, Mexico)South America (Cuba, Brazil, Argentina, and many others.)Europe (Germany, U.K., France, Italy, Russia, Spain, etc.)Asia (China, India, Russia, and many other Asian nations.)Pacific region(Indonesia, Japan, and many other Pacific nations.)Middle East & Africa (Saudi Arabia, South Africa, and many others.)

About Us:Cognitive Market Research is one of the finest and most efficient Market Research and Consulting firm. The company strives to provide research studies which include syndicate research, customized research, round the clock assistance service, monthly subscription services, and consulting services to our clients. We focus on making sure that based on our reports, our clients are enabled to make most vital business decisions in easiest and yet effective way. Hence, we are committed to delivering them outcomes from market intelligence studies which are based on relevant and fact-based research across the global market.Contact Us: +1-312-376-8303Email: [emailprotected]Web: https://www.cognitivemarketresearch.com/

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Post Pandemic Nano Gas Sensor Market Size to Reach USD XX Million Billion by 2027 Analysis by Top Manufacturers Raytheon Company, Ball Aerospace and...

IISc Bengaluru researchers discover nanomotors can lead to early detection of cancer cells – The Indian Express

Written by Ralph Alex Arakal | Bengaluru | Updated: October 7, 2020 8:47:20 amThe IISc Bengaluru research team.

A team of researchers at the Indian Institute of Science (IISc) in Bengaluru has discovered that nanomotors can help in early detection of cancer cells. The researchers used a 3-D model of a tumour and magnetically-driven nanomotors for the study, Nanomotors Sense Local Physiochemical Heterogeneities in Tumour Microenvironments.

Debayan Dasgupta, co-first author of the study and Ph.D. student at Centre for Nano Science and Engineering (CeNSE), said, We tried driving the nanomotors toward cancer cells in a tumour model and observed them getting stuck to the matrix near cancer cells, but this was not observed near normal cells.

The team found that the nanomotors got stuck because cancer cells coat their surrounding matrix with negatively charged sugars known as sialic acids.

We searched for appropriate molecules within the vicinity of breast cancer cells and found specifically charged sugars known as 2,3-linked sialic acids. Normal breast cells show no such properties in the matrix close to them, Ramray Bhat, Assistant Professor at the IISc Department of Molecular Reproduction, Development and Genetics (MRDG) told Indianexpress.com.

The study has also led the team to study how cancer cells change their environment within the organ in which they develop, in this case the breast.

These results enrich our understanding about the anatomy of tumors as well as help us devise strategies to localize and attack tiny tumor populations, Bhat added.

According to the World Health Organisation, breast cancer is the most frequent form of cancer among women, impacting 2.1 million women per year. This also causes the greatest number of cancer-related deaths among women. In 2018, it is estimated that 627,000 women died from breast cancer that is approximately 15% of all cancer deaths among women, a report by WHO read. Early detection greatly improves chances of survival.

Bhat said the study will be carried out on animals next.

While Dasgupta and Dharma Pally (Department of Molecular Reproduction, Development and Genetics) are the first authors of the study, the other researchers who worked in the team are Ambarish Ghosh, Associate Professor at CeNSE, Deepak Kumar Saini from the Centre for Biosystems Science and Engineering and Dr Bhat at the IISc.

The study also got published in Angewandte Chemie, a weekly peer-reviewed scientific journal of the German Chemical Society.

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IISc Bengaluru researchers discover nanomotors can lead to early detection of cancer cells - The Indian Express

Breakout Paper in Journal of Theoretical Biology Explicitly Supports Intelligent Design – Discovery Institute

Photo: Red poppy, Auckland Botanic Gardens, Auckland, New Zealand, by Sandy Millar via Unsplash.

As John West noted here last week, the Journal of Theoretical Biology has published an explicitly pro-intelligent design article, Using statistical methods to model the fine-tuning of molecular machines and systems. Lets take a closer look at the contents. The paper is math-heavy, discussing statistical models of making inferences, but it is also groundbreaking for this crucial reason: it considers and proposes intelligent design, by name, as a viable explanation for the origin of fine-tuning in biology. This is a major breakthrough for science, but also for freedom of speech. If the paper is any indication, appearing as it does in a prominent peer-reviewed journal, some of the suffocating constraints on ID advocacy may be coming off.

The authors are Steinar Thorvaldsen, a professor of information science at the University of Troms in Norway, and Ola Hssjer, a professor of mathematical statistics at Stockholm University. The paper, which is open access, begins by noting that while fine-tuning is widely discussed in physics, it needs to be considered more in the context of biology:

Fine-tuning has received much attention in physics, and it states that the fundamental constants of physics are finely tuned to precise values for a rich chemistry and life permittance. It has not yet been applied in a broad manner to molecular biology.

The authors explain the papers main thrust:

However, in this paper we argue that biological systems present fine-tuning at different levels, e.g. functional proteins, complex biochemical machines in living cells, and cellular networks. This paper describes molecular fine-tuning, how it can be used in biology, and how it challenges conventional Darwinian thinking. We also discuss the statistical methods underpinning finetuning and present a framework for such analysis.

They explain how fine-tuning is defined. The definition is essentially equivalent to specified complexity:

We define fine-tuning as an object with two properties: it must a) be unlikely to have occurred by chance, under the relevant probability distribution (i.e. complex), and b) conform to an independent or detached specification (i.e. specific).

They then introduce the concept of design, and explain how humans are innately able to recognize it:

A design is a specification or plan for the construction of an object or system, or the result of that specification or plan in the form of a product. The very term design is from the Medieval Latin word designare (denoting mark out, point out, choose); from de (out) and signum (identifying mark, sign). Hence, a public notice that advertises something or gives information. The design usually has to satisfy certain goals and constraints. It is also expected to interact with a certain environment, and thus be realized in the physical world. Humans have a powerful intuitive understanding of design that precedes modern science. Our common intuitions invariably begin with recognizing a pattern as a mark of design. The problem has been that our intuitions about design have been unrefined and pre-theoretical. For this reason, it is relevant to ask ourselves whether it is possible to turn the tables on this disparity and place those rough and pre-theoretical intuitions on a firm scientific foundation.

That last sentence is key: the purpose is to understand if there is a scientific method by which design can be inferred. They propose that design can be identified by uncovering fine-tuning. The paper explicates statistical methods for understanding fine-tuning, which they argue reflects design:

Fine-tuning and design are related entities. Fine-tuning is a bottom-up method, while design is more like a top-down approach. Hence, we focus on the topic of fine-tuning in the present paper and address the following questions: Is it possible to recognize fine-tuning in biological systems at the levels of functional proteins, protein groups and cellular networks? Can fine-tuning in molecular biology be formulated using state of the art statistical methods, or are the arguments just in the eyes of the beholder?

They cite the work of multiple leading theorists in the ID research community.

They return to physics and the anthropic principle, the idea that the laws of nature are precisely suited for life:

Suppose the laws of physics had been a bit different from what they actually are, what would the consequences be? (Davies, 2006). The chances that the universe should be life permitting are so infinitesimal as to be incomprehensible and incalculable. The finely tuned universe is like a panel that controls the parameters of the universe with about 100 knobs that can be set to certain values. If you turn any knob just a little to the right or to the left, the result is either a universe that is inhospitable to life or no universe at all. If the Big Bang had been just slightly stronger or weaker, matter would not have condensed, and life never would have existed. The odds against our universe developing were enormous and yet here we are, a point that equates with religious implications

However, rather than getting into religion, they apply statistics to consider the possibility of design as an explanation for the fine-tuning of the universe. They cite ID theorist William Dembski:

William Dembski regards the fine-tuning argument as suggestive, as pointers to underlying design. We may describe this inference as abductive reasoning or inference to the best explanation. This reasoning yields a plausible conclusion that is relatively likely to be true, compared to competing hypotheses, given our background knowledge. In the case of fine-tuning of our cosmos, design is considered to be a better explanation than a set of multi-universes that lacks any empirical or historical evidence.

The article offers additional reasons why the multiverse is an unsatisfying explanation for fine-tuning namely that multiverse hypotheses do not predict fine-tuning for this particular universe any better than a single universe hypothesis and we should prefer those theories which best predict (for this or any universe) the phenomena we observe in our universe.

The paper reviews the lines of evidence for fine-tuning in biology, including information, irreducible complexity, protein evolution, and the waiting-timeproblem. Along the way it considers the arguments of many ID theorists, starting with a short review showing how the literature uses words such as sequence code, information, and machine to describe lifes complexity:

One of the surprising discoveries of modern biology has been that the cell operates in a manner similar to modern technology, while biological information is organized in a manner similar to plain text. Words and terms like sequence code, and information, and machine have proven very useful in describing and understanding molecular biology (Wills, 2016). The basic building blocks of life are proteins, long chain-like molecules consisting of varied combinations of 20 different amino acids. Complex biochemical machines are usually composed of many proteins, each folded together and configured in a unique 3D structure dependent upon the exact sequence of the amino acids within the chain. Proteins employ a wide variety of folds to perform their biological function, and each protein has a highly specified shape with some minor variations.

The paper cites and reviews the work of Michael Behe, Douglas Axe, Stephen Meyer, and Gnter Bechly. Some of these discussions are quite long and extensive. First, the article contains a lucid explanation of irreducible complexity and the work of Michael Behe:

Michael Behe and others presented ideas of design in molecular biology, and published evidence of irreducibly complex biochemical machines in living cells. In his argument, some parts of the complex systems found in biology are exceedingly important and do affect the overall function of their mechanism. The fine-tuning can be outlined through the vital and interacting parts of living organisms. In Darwins Black Box (Behe, 1996), Behe exemplified systems, like the flagellum bacteria use to swim and the blood-clotting cascade, that he called irreducibly complex, configured as a remarkable teamwork of several (often dozen or more) interacting proteins. Is it possible on an incremental model that such a system could evolve for something that does not yet exist? Many biological systems do not appear to have a functional viable predecessor from which they could have evolved stepwise, and the occurrence in one leap by chance is extremely small. To rephrase the first man on the moon: Thats no small steps of proteins, no giant leap for biology.

[]

A Behe-system of irreducible complexity was mentioned in Section 3. It is composed of several well-matched, interacting modules that contribute to the basic function, wherein the removal of any one of the modules causes the system to effectively cease functioning. Behe does not ignore the role of the laws of nature. Biology allows for changes and evolutionary modifications. Evolution is there, irreducible design is there, and they are both observed. The laws of nature can organize matter and force it to change. Behes point is that there are some irreducibly complex systems that cannot be produced by the laws of nature:

If a biological structure can be explained in terms of those natural laws [reproduction, mutation and natural selection] then we cannot conclude that it was designed. . . however, I have shown why many biochemical systems cannot be built up by natural selection working on mutations: no direct, gradual route exist to these irreducible complex systems, and the laws of chemistry work strongly against the undirected development of the biochemical systems that make molecules such as AMP1 (Behe, 1996, p. 203).

Then, even if the natural laws work against the development of these irreducible complexities, they still exist. The strong synergy within the protein complex makes it irreducible to an incremental process. They are rather to be acknowledged as finetuned initial conditions of the constituting protein sequences. These structures are biological examples of nano-engineering that surpass anything human engineers have created. Such systems pose a serious challenge to a Darwinian account of evolution, since irreducibly complex systems have no direct series of selectable intermediates, and in addition, as we saw in Section 4.1, each module (protein) is of low probability by itself.

The article also reviews the peer-reviewed research of protein scientist Douglas Axe, as well as his 2016 book Undeniable, on the evolvability of protein folds:

An important goal is to obtain an estimate of the overall prevalence of sequences adopting functional protein folds, i.e. the right folded structure, with the correct dynamics and a precise active site for its specific function. Douglas Axe worked on this question at the Medical Research Council Centre in Cambridge. The experiments he performed showed a prevalence between 1 in 1050 to 1 in 1074 of protein sequences forming a working domain-sized fold of 150 amino acids (Axe, 2004). Hence, functional proteins require highly organised sequences, as illustrated in Fig. 2. Though proteins tolerate a range of possible amino acids at some positions in the sequence, a random process producing amino-acid chains of this length would stumble onto a functional protein only about one in every 1050 to 1074 attempts due to genetic variation. This empirical result is quite analog to the inference from fine-tuned physics.

[]

The search space turns out to be too impossibly vast for blind selection to have even a slight chance of success. The contrasting view is innovations based on ingenuity, cleverness and intelligence. An element of this is what Axe calls functional coherence, which always involves hierarchical planning, hence is a product of finetuning. He concludes: Functional coherence makes accidental invention fantastically improbable and therefore physically impossible (Axe, 2016, p. 160).

They conclude that the literature shows the probability of finding a functional protein in sequence space can vary broadly, but commonly remains far beyond the reach of Darwinian processes (Axe, 2010a).

Citing the work of Gnter Bechly and Stephen Meyer, the paper also reviews the question of whether sufficient time is allowed by the fossil record for complex systems to arise via Darwinian mechanisms. This is known as the waiting-time problem:

Achieving fine-tuning in a conventional Darwinian model: The waiting time problem

In this section we will elaborate further on the connection between the probability of an event and the time available for that event to happen. In the context of living systems, we need to ask the question whether conventional Darwinian mechanisms have the ability to achieve fine-tuning during a prescribed period of time. This is of interest in order to correctly interpret the fossil record, which is often interpreted as having long periods of stasis interrupted by very sudden abrupt changes (Bechly and Meyer, 2017). Examples of such sudden changes include the origin of photosynthesis, the Cambrian explosions, the evolution of complex eyes and the evolution of animal flight. The accompanying genetic changes are believed to have happen very rapidly, at least on a macroevolutionary timescale, during a time period of length t. In order to test whether this is possible, a mathematical model is needed in order to estimate the prevalence P(A) of the event A that the required genetic changes in a species take place within a time window of length t.

Throughout the discussions are multiple citations of BIO-Complexity, a journal dedicated to investigating the scientific evidence for intelligent design.

Lastly, the authors consider intelligent design as a possible explanation of biological fine-tuning, citing heavily the work of William Dembski, Winston Ewert, Robert J. Marks, and other ID theorists:

Intelligent Design (ID) has gained a lot of interest and attention in recent years, mainly in USA, by creating public attention as well as triggering vivid discussions in the scientific and public world. ID aims to adhere to the same standards of rational investigation as other scientific and philosophical enterprises, and it is subject to the same methods of evaluation and critique. ID has been criticized, both for its underlying logic and for its various formulations (Olofsson, 2008; Sarkar, 2011).

William Dembski originally proposed what he called an explanatory filter for distinguishing between events due to chance, lawful regularity or design (Dembski, 1998). Viewed on a sufficiently abstract level, its logics is based on well-established principles and techniques from the theory of statistical hypothesis testing. However, it is hard to apply to many interesting biological applications or contexts, because a huge number of potential but unknown scenarios may exist, which makes it difficult to phrase a null hypothesis for a statistical test (Wilkins and Elsberry, 2001; Olofsson, 2008).

The re-formulated version of a complexity measure published by Dembski and his coworkers is named Algorithmic Specified Complexity (ASC) (Ewert et al., 2013; 2014). ACS incorporates both Shannon and Kolmogorov complexity measures, and it quantifies the degree to which an event is improbable and follows a pattern. Kolmogorov complexity is related to compression of data (and hence patterns), but suffers from the property of being unknowable as there is no general method to compute it. However, it is possible to give upper bounds for the Kolmogorov complexity, and consequently ASC can be bounded without being computed exactly. ASC is based on context and is measured in bits. The same authors have applied this method to natural language, random noise, folding of proteins, images etc (Marks et al., 2017).

[]

The laws, constants, and primordial initial conditions of nature present the flow of nature. These purely natural objects discovered in recent years show the appearance of being deliberately fine-tuned. Functional proteins, molecular machines and cellular networks are both unlikely when viewed as outcomes of a stochastic model, with a relevant probability distribution (having a small P(A)), and at the same time they conform to an independent or detached specification (the set A being defined in terms of specificity). These results are important and deduced from central phenomena of basic science. In both physics and molecular biology, fine-tuning emerges as a uniting principle and synthesis an interesting observation by itself.

In this paper we have argued that a statistical analysis of fine-tuning is a useful and consistent approach to model some of the categories of design: irreducible complexity (Michael Behe), and specified complexity (William Dembski). As mentioned in Section 1, this approach requires a) that a probability distribution for the set of possible outcomes is introduced, and b) that a set A of fine-tuned events or more generally a specificity function f is defined. Here b) requires some apriori understanding of what fine-tuning means, for each type of application, whereas a) requires a naturalistic model for how the observed structures would have been produced by chance. The mathematical properties of such a model depend on the type of data that is analyzed. Typically a stochastic process should be used that models a dynamic feature such as stellar, chemical or biological (Darwinian) evolution. In the simplest case the state space of such a stochastic process is a scalar (one nucleotide or amino acid), a vector (a DNA or amino acid string) or a graph (protein complexes or cellular networks).

A major conclusion of our work is that fine-tuning is a clear feature of biological systems. Indeed, fine-tuning is even more extreme in biological systems than in inorganic systems. It is detectable within the realm of scientific methodology. Biology is inherently more complicated than the large-scale universe and so fine-tuning is even more a feature. Still more work remains in order to analyze more complicated data structures, using more sophisticated empirical criteria. Typically, such criteria correspond to a specificity function f that not only is a helpful abstraction of an underlying pattern, such as biological fitness. One rather needs a specificity function that, although of non-physical origin, can be quantified and measured empirically in terms of physical properties such as functionality. In the long term, these criteria are necessary to make the explanations both scientifically and philosophically legitimate. However, we have enough evidence to demonstrate that fine-tuning and design deserve attention in the scientific community as a conceptual tool for investigating and understanding the natural world. The main agenda is to explore some fascinating possibilities for science and create room for new ideas and explorations. Biologists need richer conceptual resources than the physical sciences until now have been able to initiate, in terms of complex structures having non-physical information as input (Ratzsch, 2010). Yet researchers have more work to do in order to establish fine-tuning as a sustainable and fully testable scientific hypothesis, and ultimately a Design Science.

This is a significant development. The article gives the arguments of intelligent design theorists a major hearing in a mainstream scientific journal. And dont miss the purpose of the article, which is stated in its final sentence to work towards establish[ing] fine-tuning as a sustainable and fully testable scientific hypothesis, and ultimately a Design Science. The authors present compelling arguments that biological fine-tuning cannot arise via unguided Darwinian mechanisms. Some explanation is needed to account for why biological systems show the appearance of being deliberately fine-tuned. Despite the noise that often surrounds this debate, for ID arguments to receive such a thoughtful and positive treatment in a prominent journal is itself convincing evidence that ID has intellectual merit. Claims of IDs critics notwithstanding, design science is being taken seriously by scientists.

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Breakout Paper in Journal of Theoretical Biology Explicitly Supports Intelligent Design - Discovery Institute

Forbes 10 highest-paid actresses of 2020 have been revealed – The Independent

Forbes has released its annual list naming the highest-paid actresses of the year.

The list for 2020 has been affected by the Covid-19 pandemic after several high-profile film releases have been delayed.

It's because of this that the list is largely dominated by stars of television and titles released on streaming platforms, including Netflix.

Modern Family star Sofia Vergara who is a judge on America's Got Talent topped the list with total earnings of ($43m/33.2m).

Vergara earned $500,000 (386,000) per episode of the hit ABC sitcom, which drew to a close earlier this year. For America's Got Talent, she earns $10m (7.7m) per season.

Following in second place is Angelina Jolie with takings of $35.5m (27.5m) thanks to her role in forthcoming Marvel film Eternals.

Wonder Woman star Gal Gadot is in third place having earned the bulk of her $31.5m (24.3m) for Netflix film Red Notice for which she earned $20m (15.5m).

Both Meryl Streep and Nicole Kidman earned big paychecks for Ryan Murphy's Netflix film The Prom, with Melissa McCarthy also featuring thanks to roles in HBO Max's Superintelligence and Netflix film Thunder Force.

Joining Jolie as the other star to make the top 10 thanks to theatrical films is Emily Blunt the only British star on the list. She earned big payouts for A Quiet Place II and Jungle Cruise, both of which have been delayed.

Find the full top 10 below:

1. Sofia Vergara $43m (33.2m)

2. Angelina Jolie $35.5m (27.5m)

3. Gal Gadot $31.5m (24.3m)

4. Melissa McCarthy $25m (19.3m)

5. Meryl Streep $24m (18.5m)

6. Emily Blunt $22.5m (17.4m)

7. Nicole Kidman $22m (17m)

8. Ellen Pompeo $19m (14.7m)

9. Elisabeth Moss $16m (12.3m)

10. Viola Davis $15.5m (12m)

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Forbes 10 highest-paid actresses of 2020 have been revealed - The Independent

Virtual Photography on the Bay Class starts Oct. 8 Tillamook County Pioneer – Tillamook County Pioneer

Learn the basics of nature and landscape photography during this free, multi-day online class with Friends of Netarts Bay WEBSCalling all budding nature and landscape photographers: Join the Friends of Netarts Bay WEBS and professional photographer Jim Young for a virtual photography course starting Oct. 8. This multi-day course is designed for emerging photographers who want to learn the basics of photography and composition.The free series kicks off on Oct. 8 at 6:30 pm with an introduction to photography with Jim Young. Then, photographers are encouraged to head out into nature over the next week to put their brand new skills to use.

The following class will be held Oct. 17 at 6:30 p.m. with an opportunity to have your photography reviewed with an honest (but kind) critique of any submitted photos.Participants will need to have their own camera, and should be familiar with transferring photos to a computer.The instructor, Jim Yong, is a resident of Netarts/Oceanside and has been working as a professional photographer for many years. Jim also had a long and successful career as a marine biologist. He now spends his time documenting the beauty of the North Oregon Coast area and other places he travels to through the lens.This event is part of the Explore Nature series of hikes, walks, paddles and outdoor adventures. Explore Nature events are hosted by a consortium of volunteer community and non-profit organizations, and are meaningful nature-based experiences which highlight the unique beauty of Tillamook County and the work being done to preserve and conserve the areas natural resources and natural resource-based economy.To register, visit explorenaturetillamookcoast.com. And be sure to follow the Friends of Netarts Bay WEBS and the Explore Nature Series on Facebook and Instagram for more educational events.

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Virtual Photography on the Bay Class starts Oct. 8 Tillamook County Pioneer - Tillamook County Pioneer

What’s a ‘circular bioeconomy’ and how can it save the planet? – World Economic Forum

There is no future for business as usual. Our current economic system, which arguably has succeeded in creating unprecedented economic output, wealth and human welfare over the past 70 years, has led to exacerbated social inequalities and loss of nature at an extent that threatens the stability of our economies and societies and could maybe even lead to a collapse of civilisation as we know it.

To add some numbers: over 70% of us are affected by rising inequalities, a third of the worlds land is severely degraded, we are losing forests at an alarming rate (one football field of forests every six seconds in 2019), and up to 1 million species are threatened with extinction. Over half of the worlds GDP ($44 trillion) is threatened by such nature loss. The system is not working.

Turning the tide requires deep transformations of socio-economic systems, as highlighted by the World Economic Forums New Nature Economy Report II on The Future of Nature and Business. For example, the sustainable management of forests can create $230 billion in business opportunities and 16 million jobs by 2030. Shifting the energy and extractives socio-economic system to circular and resource-efficient models can lead to $2.3tn in business opportunities and 30 million jobs by 2030, and working with nature in the infrastructure and built environment system can generate a total of $3 trillion business opportunities and 117 million jobs by 2030.

To accelerate the transformation towards a climate- and nature-positive economy, His Royal Highness The Prince of Wales has established The Circular Bioeconomy Alliance. The Alliance activities are guided by a 10-point Action Plan, co-created by a multi-stakeholder coalition with the goal to place nature back at the centre of our economy.

I have been deeply encouraged by the number of scientists and practitioners who have come together to develop a 10-point Circular Bioeconomy Action Plan inspired by my Sustainable Markets Initiative and its Circular Bioeconomy Alliance," he said.

"It is time for leaders, across all disciplines, to step forward, be bold in their ambition and demonstrate what is possible so that others can follow.

A circular bioeconomy offers a conceptual framework for using renewable natural capital to transform and manage our land, food, health and industrial systems, with the goal of achieving sustainable wellbeing in harmony with nature.

While the circular bioeconomy needs advanced technology and innovation as well as traditional knowledge to succeed, it ultimately relies on biodiversity as its true engine. This is because biodiversity determines the capacity of biological systems to adapt and evolve in a changing environment, and therefore is crucial for ensuring the resilience and sustainability of our biological resources. We need to acknowledge this fundamental role, not only through appropriate conservation measures, but also through regionally-tailored market-based instruments to provide incentives for farmers, forest owners and biobased companies to invest back in biodiversity.

Biological resources are central to a circular bioeconomy

Moving towards a climate- and nature-positive economy not only means replacing fossil energy with renewable energy, it also means moving to fossil-free materials, substituting carbon-intense products like plastics, concrete, steel and synthetic textiles for lower carbon alternatives. This helps to mitigate climate change and also provides other positive environmental impacts. A climate- and nature-positive economy is simply not possible without using a new range of renewable biobased materials that can replace and outperform carbon-intense materials.

The global population is expected to reach close to 9 billion people by 2030 inclusive of 3 billion new middle-class consumers.This places unprecedented pressure on natural resources to meet future consumer demand.

A circular economy is an industrial system that is restorative or regenerative by intention and design. It replaces the end-of-life concept with restoration, shifts towards the use of renewable energy, eliminates the use of toxic chemicals and aims for the elimination of waste through the superior design of materials, products, systems and business models.

Nothing that is made in a circular economy becomes waste, moving away from our current linear take-make-dispose economy. The circular economys potential for innovation, job creation and economic development is huge: estimates indicate a trillion-dollar opportunity.

The World Economic Forum has collaborated with the Ellen MacArthur Foundation for a number of years to accelerate the Circular Economy transition through Project MainStream - a CEO-led initiative that helps to scale business driven circular economy innovations.

Join our project, part of the World Economic Forums Shaping the Future of Environment and Natural Resource Security System Initiative, by contacting us to become a member or partner.

This shift is also an opportunity to modernize and make industries more circular: renewable biological resources like forest resources, are, if managed sustainably, circular by nature and often easier to remanufacture. Indeed sustainable forestry and wood products were the basis for original circular economies around the world. Several important sectors like chemicals, textiles, plastics or construction now need new conceptual business models and innovations to become more circular and lower carbon industries. The circular bioeconomy can be a catalyst.

For example, we can now transform wood, the most versatile biological material on earth, into a new revolutionary material called nanocellulose: five times stronger than steel but also five times lighter. The first car made of nanocellulose was unveiled last year in Japan. A new generation of sustainable and circular wood-based textiles with a five-times lower carbon footprint than plastic fibres like polyester is now possible too. Engineered wood products, such as Cross Laminate Timber (CLT),are the most effective way to reduce the carbon footprint of our buildings and the construction sector, currently dominated by two carbon-intense and resource-intense materials: concrete and steel.

Since biological resources, even if renewable, are not unlimited, it is essential to stress the need to ensure sustainable, regenerative and circular forestry or feedstock systems. We need to develop business models and design products and services in new ways to decouple business prosperity from the mere consumption of products. It is also about making products that can be easily reused and recycled, minimising waste and maximising their value along their life cycle.

An opportunity to tackle inequality

One of the most important societal challenges of this century is to address inequalities and to ensure inclusive prosperity, including jobs and infrastructures in rural and depressed areas. The way biological resources are owned and distributed and even the difficulties related to their mobilisation, transport and processing offer potential opportunities. Forest resources in Europe are a good example: they occupy more than 40% of the land and are owned by about 16 million forest owners. The forest-based sector already now includes around 400,000 companies, mostly small enterprises, and provides more than 3 million jobs. This is a very valuable socio-ecological infrastructure that needs to be acknowledged and nurtured. It is true that mobilising, transporting and processing fossil resources like oil is much easier than producing, managing (for 100 years), transporting and processing wood. But this difficulty is at the same time its strength: redistributing wealth, jobs and infrastructures will ensure that we have human capital ready to take care of our natural capital.

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What's a 'circular bioeconomy' and how can it save the planet? - World Economic Forum