With ‘The Breaks,’ VH1 revisits the ’90s hip-hop scene when success wasn’t a sure bet – Los Angeles Times

Outside, the world is abuzz aboutDonald Trumps presidency and the latest Kanye controversy. But inside this downtown New York building, the clock has been turned back to the early days of hip-hop.

Cameras are rolling on the set of the new VH1 series The Breaks, as a miffed music manager has burst into the offices of the Village Voice.

Its not the sort of thing you do,the manager, Nikki, fumes to a reporter.

Im not you, Nikki, Im a journalist. The truth is non-negotiable,the music writer fires back.

A moment later, the episodes director pumps her fist.

Cut it, print it, kill it. You got it,says Neema Barnette. Then the directorturns to a reporter to offer some finer context on the divisions inhip-hop at the time.See, Im a Harlem girl. Biggie, thats Brooklyn. Jay Z. Well JayZ is Jay Z.

The Breaksis a time machine of sorts and not just because of the outsized influence of the Village Voice. Chronicling an era when hip-hops role as a spark for both mass protest and mass commerce was just an ember, the eight-part series marks a new entry in scripted televisions growing rap canon.Where Empiredropped a soap opera into the contemporary hip-hop world and The Get Downexamined a birth moment in the late 1970s, The Breakssplits the difference.

Set in New York in 1990, the show lands at the cusp of thegolden age ofhip-hop a genre too new for anyone to know where it wouldgo, but too promising (for some) not to believe that the destination would besomewhere significant.

That period was very violent and very rough, but also very innocent in a lot of ways, especially the music,saysSeith Mann, a veteran director of shows such as The Wireand a co-creatorof The Breaks. And thats what we want to capture in the show how hip-hop grew from that innocence to a dominating business, how people in the arc of a season try to make choices so that they can make art.

Some of them,he addsdryly, wont stay innocent.

Picking up where a 2016 VH1 original movie left off, The Breaksfollows the interlocking lives of a group of people with various roles in the burgeoning sphere. Theres a trio of strivers that includes a wannabe producer, Deevee (Tristan Wilds), the management acolyte Nikki (Afton Williamson) and a rookie radio-station programmer David (David Call). They cross paths withvoluble mini-mogul Barry (Wood Harris), a talented but gang-affiliated MC (Antoine Harris, no relation to Wood) and the thirsty reporter, Damita (Melonie Diaz).

Inspired by Dan Charnasacclaimed nonfiction history The Big Payback(Mannsfellowco-creator),The Breaksincludes among its executive producers John J. Strauss, a writer on Mozart in the Jungle,another show about dogs eating dogs in a musical subculture.

As with that Amazon Prime video series, the multiple plot lines of The Breaks nearly all involve characters desperately seeking to carve out their place in a world Nikki trying to establish herself in Barrys company, Damita looking to be the genres go-to chronicler whose animating principle remains more passion than money (though the latter is not entirely absent).

The Breaksis set a few years before artists such as A Tribe Called Quest, Nas, De La Soul and Wu-Tang Clan began flexing their cultural influence and solidifying hip-hops East Coast movement.

I think theres something really romantic about it; it just seems like a more dreamy era,says Wood Harrisduring a break in shooting. It felt like a time anyone could be a mogul and with a beeper, which if you tell a young person about now, they will laugh,he says, chuckling as he gesturesto a prop on his belt. Or think its something that only exists on YouTube.

There is another kind of wink-y appeal to The Breaks.Much of the show plays on the audiences familiarity with how much rap blew up.In the second episode, when Deevee argues with his hospital-worker father who wants to send Deevee to South Carolina because he doesnt think his son is involved in a real business the audience can nod knowinglyat the younger mans insistence on hip-hops bright future.

Still, the creators say theyre intent on driving home how precarious a moment it was for the genre.

It wasnt inevitable that hip-hop would become as massively popular as it did,Mann says. Hip-hop in those early days was dicey it could have gone the way of disco and go-go.

Nor was it clear who would document its ascent. Though hip-hop journalism at the time had a heavily male component, producers tip their Snapbacks to pioneers like Raquel Cepeda and dream hampton.I think what surprised me is how much women were involved in covering it and bringing the news to the wider world,Diaz says. Its just not something you hear about a lot.

Those looking for a heavy original musical component to the show may be only partly satisfied. While bits of new songs, written by former Little Brother member Phonte Coleman,are heard,the creators chose to focus more on dialogue and character than beats.

Overt references to real-life figures also are somewhat scant, though tracks from Public Enemy, already well-established by 1990, are present, as arefictional portrayals of new jack swing artists like Keith Sweat. (This fictionalization is by design, say Seith and Charnas, giving them freedom to create without becoming caught in a tangle of rights and legal action.)

Charnas says he actually pitched the series to Fox as far back as 2010, long before Empire,and was met with indifference and even confusion. He soon landed at the shows current venue.

Everyone at VH1 got it right away,saysthe author, who often serves a truth-checking role on setthat has ledcolleagues to dub himthe Treasurer of the authenticity bank account.

The Breaksmakesa lot of sense for the network,said Chris McCarthy, president of MTV, VH1 and Logo.VH1 has always been comfortable both with looking back and celebrating the present.So, hip-hop in the 90s is a very natural place to be.

In recent years, the network has developed a programming slate that draws a large female African American audience, including reality franchises such as Love &Hip-Hopand Basketball Wives.But scripted is a more expensive undertaking, and if the appeal for a hip-hop show stretches into broader demographics, the accompanying risk grows too.

Also debatable is whether televisions hip-hop era has reached its saturation point.

After a breakout first season, Empirefell off a cliff both in the ratings and, to many observers, creatively, while The Get-Downmade a comparatively small splash in Netflixs zeitgeist pool. Hip-hop may now be such a cultural given that the idea of how it emergedis only of modest interest.

Creators of The Breakssay anyone taking that view ismaking a mistake.

I dont think Obama is president without hip-hop it brought so much into the mainstream,saysCharnas, who underscored that connection in The Big Payback.

What's interesting about the time and hopefully the show is the unwitting heroes in hip-hop. A lot of people who werent setting out to change the world were the ones who did.

The Breaks

Where: VH1

When: 9 p.m. Monday

Rating: TV-14 (may be unsuitable for children under the age of 14)

See the most-read stories in Entertainment this hour

steve.zeitchik@latimes.com

Twitter:@ZeitchikLAT

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With 'The Breaks,' VH1 revisits the '90s hip-hop scene when success wasn't a sure bet - Los Angeles Times

Slam a poem – The News on Sunday

It all began with Monday Night Poetry Readings at the Get Me High lounge in Chicago in 1984. Marc Smith, the father of the slam movement, a construction worker for most of his adult life and a poet, started performing his poetry. Though his initiative to reclaim and re-humanise poetry received a lot of flak from poets in the academia, the interactive and passionate style managed to engage younger audiences in particular.

In a way, it was an attempt to go back to the times when poetry was sung or performed for an audience. Many poets were very critical of the movement but it continued to grow because of its cathartic nature.

Slam poets choose from a wide variety of themes for their work addressing racial, gender, ethnic and economic injustices as well as contemporary world events. The work in itself is judged on not just the content and style of expression but also the enthusiasm and passion with which it is performed.

In February last year, a Delhi-based slam poet, Shivani Guptas moving performance titled, Dear Girl from Pakistan exploring India and Pakistans turbulent relationship and the desire to connect on a human level made its way into everyones hearts. It even got a heart-warming response in the form of a slam poem from a Pakistani girl, Fatima Khan, expressing the same wish to establish bonds beyond political borders. And that certainly did not mark the end of it; there was a deluge of responses from both sides of the border a wide array of poems and prose by ordinary people reiterating the same yearnings growing out of a feeling of a shared history and ethos.

Read also:Much-needed outlet

Slam poetry is being used today as a means to vent out since it allows greater fluidity and does not have the same structural constraints as traditional poetry. Because of the theatricality of this form of spoken word poetry, it is simultaneously exciting and therapeutic and a more alive strand of the oral tradition.

Owing to its easy relatablity, it is powerful as well as resonant. This explains the interest in the rising phenomenon with not just more educational institutions holding slam poetry contests across Pakistan but cafs alsohosting slam poetry nights to provide entertainment.

Slam poetry is being used today as a means to vent out since it allows greater fluidity and does not have the same structural constraints as traditional poetry.

Nevertheless, there is the concern that whether slam poetry even qualifies as an art-form to begin with. Given that more people today can write if they choose to and the novelty of writing is dead, it is debated whether art on its way to exhaustion, has become both impossible and easy often a pivotal argument in the case against slam poetry.

It may be true that given the more inclusive nature of art today, quality and meaningful work may be harder to come by. But then, art-forms evolve to reflect the zeitgeist, get influenced by pop culture, and some become redundant with time. Inevitably, new means of expressing ones passion will always emerge to fill up the spaces. For traditionalists though, the nascent slam movement, as envisioned by Marc Smith is still a shock.

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Slam a poem - The News on Sunday

Howard gives Barnett a hand on hustings – The West Australian

Time will tell if former prime minister John Howard's visit to Perth helps Colin Barnett to an extraordinary election victory or amounts to a farewell from one enduring political figure to another.

Australia's second-longest serving PM and the WA Premier, who will turn 78 and 67 respectively this year, strolled through central Perth's Murray St mall and greeted mostly friendly strangers on Friday morning.

Labor leader Mark McGowan had similarly used the political star power of former WA Premier Geoff Gallop on Thursday, with the pair catching a train to the city from the former's home in Rockingham.

Despite most polls pointing to a Labor win on March 11, Mr Howard disagrees.

"I believe the government will be returned because in the end West Australians will sensibly decide it is better to hang on to the government that's done stuff and protected Western Australia than take a risk on somebody who's inexperienced," he told reporters.

Sport including the prospect of this year's Ashes cricket being played at Perth's new stadium dominated the conversation as the pair went in search of a coffee and before journalists began asking Mr Howard about the election.

"The great thing about Colin is he's done things. The state premier is meant to look after schools and the education system of Western Australia has been more innovative with government schools than any other state with the introduction of what some people call charter schools," he said.

"Western Australia was carrying the country for a number of years and let's face it, if it hadn't been for the resources boom in Western Australia a few years ago the whole nation would have been in trouble.

"I know the West Australian economy is not quite as robust as it was but that's not the fault of the state government, it is the natural swings and roundabouts of a resource-based economy and there are signs to me that the WA economy is coming back."

The pair attracted one or two less-than-pleasant greetings with a passer-by shouting "shame" at Mr Howard and another telling Mr Barnett he was wasting money on projects like the new stadium while hospitals and schools were suffering.

Mr Barnett pointed out that a lot of people relatively new to Australia but who remembered Mr Howard as PM were among those to warmly greet him, including a Malaysian man and Ghanaian man.

When the rest of the country turned against him for Kevin Rudd in 2007, there was actually a swing towards the coalition in WA where it gained seats.

Speaking of Mr Rudd, the former PM criticised his predecessor on Friday for giving his blessing to the WA Liberals' preferences deal with Pauline Hanson's One Nation.

"Utter disgrace from John Howard. He defended Hanson in 1996. Now once again.Pushing the Liberals further to the right," he tweeted.

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Howard gives Barnett a hand on hustings - The West Australian

Expert: We Can Have Universal Basic Income and Jobs – Futurism – Futurism

Basic Income and Jobs

The debate about the effectiveness of a universal basic income (UBI) program has been fueled by concerns over job displacement due to increased automation. Several studies have shown that a number of jobs from several industries including transportation, manufacturing, finance, law, and even ITare going to be affected by this trend. This has generated support for UBI from a number of economic experts and tech industry giants, including Elon Musk.

Basic Income Guarantee (BIG) proponents also see UBI as a better alternative to current social welfare programs. Brad Voracek, who holds a degree in Applied Mathematics in Economics and Computer Science from the University of California, Berkeley, and a masters in Economic Theory and Policy from the Levy Institute at Bard College, shared his thoughts on how proponents of BIG and Job Guarantee (JG) shouldnt be at odds with one another.

Supporters of either of these policies should be working together to get either one implemented and we can debate adding the other later,Voracek writes in The Minskys.Today, we need to move beyond our current disjointed welfare system to one that will help Americans, and either policy (or both!) seems like a step in the right direction.

In the article, Voracek also tackles several of the arguments against UBI.

Contrary to what some critics say, he doesnt seeUBI as incentivizing not having ajob. I havent seen any proof an income stops people from working, he writes. Its all speculation. He also points out that many of the jobs that are available to those who qualify for the current welfare system arent beneficial to society.

We have to keep abject poverty as a social option so that people keep working at McDonalds making the McObese, and keep stocking the Wal-Mart shelves so that Wal-Mart can pay starvation wages which allow people to be eligible for the [welfare] in the first place, says Voracek. Im not really sure those are the jobs that need to be done.

Voracek has a plan on how we should pay for a new system as well. He argues that the total cost of the welfare programs currently in place is higher than the potential cost of UBI, so we could get rid of all of those programs (with the exception of the complicated Medicaid) and apply all of that money to a singular UBI program.

At the moment, its all about trying it out. Lets see what happens when everyone has some cash on hand, Voracek writes. BIG and JG proponents, lets not quibble. Were on the same side. Theres work to be done. Get organized. Make it happen.

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Expert: We Can Have Universal Basic Income and Jobs - Futurism - Futurism

Bill Gates Says Robots Should Be Taxed Like Workers – Fortune

In a new interview with Quartz , Microsoft founder Bill Gates makes a rather stunning argumentthat robots who replace human workers should incur taxes equivalent to that workers income taxes.

Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed . . . If a robot comes in to do the same thing, youd think that wed tax the robot at a similar level.

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Gates argues that these taxes, paid by a robot's owners or makers, would be used to help fund labor force retraining. Former factory workers, drivers, and cashiers would be transitioned to health services, education, or other fields where human workers will remain vital. Gates even suggests the policy would intentionally slow down the speed of that adoption [of automation] somewhat, giving more time to manage the broader transition.

The idea of what amounts to a tax on efficiency would seem anathema to much conventional economic wisdom. For decades, the dominant line on automation has been that displaced workers shift into more productive roles, in turn growing the total economy.

But that thesis has begun to show cracksas Gates puts it, people are saying that the arrival of that robot is a net loss, demanding greater active engagement with job retraining and other programs that target impacted communities. (Though the effectiveness of job training programs is still somewhat debatable ).

While Gates resolutely comes down in favor of governments role in managing automations impacts, he offers two points that should be at least slightly compelling to free marketeers.

First, Gates says, the impact of robotics and artificial intelligence in the next 20 years will be a much more concentrated version of the steady, incremental displacement that was common throughout the 20 th century. The market alone wont be able to deal with the speed of that transitionand, Gates further suggests, much of the potential for putting free labor to better use will be in the public sector.

Second, and probably even more importantly, Gates says automation won't be allowed to thrive if the public resists it. It is really bad if people overall have more fear about what innovation is going to do than they have enthusiasm . . . And, you know, taxation is certainly a better way to handle it than just banning some elements of it.

In other words, Gates believes that if automation doesn't clearly benefit all members of society, it could generate some sort of neo- Luddite movement that would restrain technology much more severely than any tax.

If you dont believe him, just look around. The widespread belief that globalizations benefits were poorly or unfairly managed has led directly to a political resurgence for fans of walls and tariffs. The same dynamic could repeat itself if automation isn't rolled out wisely.

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Bill Gates Says Robots Should Be Taxed Like Workers - Fortune

Trump and automation challenge India’s IT industry – VentureBeat

(Reuters) Automation and the new U.S. administration were the big unknowns at the Indian tech sectors annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market.

But senior executives from the $150 billion industry, which rose to prominence at the turn of the century by helping Western firms solve the Y2K bug, said companies with skilled English-speaking staff and low costs could not be written off yet.

The sector, led by Tata Consultancy Services, Infosys, and Wipro, is lobbying hard as the new U.S. administration under President Donald Trump considers putting in place visa restrictions.

The administration may also raise salaries paid to H1-B visa holders, a move that could significantly increase costs for IT companies that are already facing pressure on margins.

The longer-term challenge and opportunity for the sector was automation, executives said, as global corporations from plane-makers to consumer firms bet on the use of machines to further cut costs and boost efficiency.

That threatens lower-end software services and outsourcing jobs in a sector which employs more than 3.5 million people.

Summing up the mood at the three-day NASSCOM leadership event in Mumbai ending on Friday, Malcolm Frank, Chief Strategy Officer at Cognizant which has most of its operations in India, spoke of fear and optimism.

Even top IT executives were fearing the machines, he said.

Some Indian executives, including Infosys Chief Operating Officer Pravin Rao, said that greater automation was expected to help engineers and developers shed repetitive jobs for more creative roles.

Some part of the work well be automating 100 percent, you dont require people to do that kind of work, Rao told Reuters. But there are always newer things, where we will be able to re-purpose employees who are released from those areas.

With rapidly changing technology, Indian IT firms are emphasizing the need for retraining their workforce, in many cases setting up experience centers and learning zones on their sprawling campuses.

Some companies are partnering with universities to design and fund education programs, while staff members spoke of employers laying on training and webinars to help develop skills in automation and cloud computing.

The threat from automation killing jobs is more than Trumps anticipated visa rule changes, a general manager-level employee at a top Indian IT firm said.

NASSCOM chairman and Tech Mahindra CEO C.P. Gurnani said technology would create new roles where man will manage machines, even if a fourth of Indian IT jobs were to be replaced by machines over the next four years.

Hiring patterns may also change, with unconventional, high-value graduates likely to be more attractive, to the possible detriment of hiring from Indias engineering colleges.

Infosys, which traditionally recruited only engineering graduates, is considering hiring people educated in liberal arts to add creative skills to its workforce, COO Rao said.

In a first, NASSCOM (National Association of Software and Services Companies), the leading Indian IT lobby group, delayed its initial growth forecast for fiscal 2017/18, citing market uncertainty.

NASSCOM officials said it had deferred its predictions by three months to give it time to gauge policy announcements in the United States which could make immigration rules tougher.

The industry body aims to announce a firmer growth forecast after the quarter to March when IT companies report annual earnings and give guidance for the next fiscal year.

A certain level of uncertainty will continue over the medium-term, said NASSCOM President R. Chandrashekhar. And businesses therefore have to take essential decisions on new technology in the face of a certain degree of uncertainty.

(By Sankalp Phartiyal and Promit Mukherjee; Additional reporting by Devidutta Tripathy and Euan Rocha in Mumbai, Sayantani Ghosh and Aby Jose Koilparambil in Bengaluru; Editing by Mike Collett-White)

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Trump and automation challenge India's IT industry - VentureBeat

China must be ready for automation – Basic Income News

Chinas spectacular growth in the past thirty years has begun to slow down in recent years. Emerging signs suggest that China is woefully unprepared for the fallout from exponentially rising automation of manufacturing jobs.

The former Supreme Leader Deng Xiaoping of the Peoples Republic of China (PRC) orchestrated the countrys economic miracle through a dramatic increase in exports to the rest of the world. For the next several decades, China reoriented the world economy, and many companies stationed their factories within China to take advantage of the cheap labor.

As wages rise and the population ages, the value of the original bargain is starting to erode. In absolute terms, China is leading the world in the number of robots used for production. Over the next decade, China will start to catch up to other advanced economies in terms of per capita robots. By 2019, China may even nearly double its number of robots. At the same time, robots will complete increasingly complex tasks, threatening an even wider range of jobs for humans.

Inevitably, this will cause many low-skilled workers in China (and around the world) to lose their jobs. And absent incredibly disruptive government intervention that would likely do more harm than good, these low-skilled jobs will never come back.

Young people in China are more educated than ever, and are increasingly less likely to want to pursue factory jobs anyway. Automation can help propel China toward a more innovative and service-based economy by freeing up labor for these higher value pursuits. In the meantime, though, college-educated Chinese are having difficulty finding jobs as Chinas economy readjusts.

Without a proper safety net in place, China risks facing social unrest as automation begins to accelerate. As it stands, Chinas main welfare program dibao is too bureaucratic and ineffective to handle the influx of unemployed individuals because of all of the conditions attached to the program.

When addressing automation, Chinas best solution may be to universalize the dibao to create a universal basic income. This would allow for a smooth transition away from Chinas reliance on human-led manufacturing.

China acts as a pillar for world economic growth. The basic income would not only stave off the most destabilizing aspects of the coming automation revolution in China, but it is also crucial for the stability of the international economy.

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China must be ready for automation - Basic Income News

The working-class job that Trump could save from automation – Washington Post

President Trump has made a huge deal of his attempts to bring back blue-collar manufacturing jobs that have gone overseas and to shame companies into building plants here rather than in other countries. Both of which I think are fine.

But Trump would probably get greater value for working-class Americans and for American consumers by spending some of his time leaning on companies to preserve a huge, threatened class of blue-collar jobs: cashiers. Yes, cashiers.

Speaking up for cashiers, which the Bureau of Labor Statistics says is the second-largest occupation in the country, wouldnt be as glamorous or tweet-able as berating Ford or General Motors or Carrier for the loss of American jobs.

[Why bodyslamming big companies is good for America]

But it would be a great way for him to get back to playing offense and showing he cares about the working class. Supporting the nations 3.5 million cashiers could help preserve the livelihoods of hundreds of thousands of low-paid people who are in entry-level jobs or rehabilitating-themselves jobs or trying-to-feed-their-family jobs.

Whats more, theres even an example, not far from Trump Tower in New York, of how preserving cashier-type jobs could be done, at minimal (or perhaps no) cost to consumers. Its in my home state of New Jersey, which has saved thousands of such jobs those of gas station attendants.

Its the unintended but welcome outgrowth of the states 1949 ban on the self-pumping of gasoline, which many out-of-staters ridicule. Even so, it is so popular that Jersey residents have resisted repeated attempts to end it.

Now, lets step back a bit.

The number of cashier jobs No. 2 only to retail sales clerks, according to the BLS was almost exactly the same in 2015 (the most recent year for which statistics are available) as in 2005, even though total U.S. employment was up by 7.6 million.

Still, its obvious that these jobs are threatened as never before.

[How to save good jobs]

Go into any large, reasonably modern supermarket, drug store or retail store, and you see more and more self-checkout lines and fewer and fewer manned cashier lines.

McDonalds is using self-checkout in some locations. Even Costco a big company that seems to care about employing people is experimenting with it.

And heres the crowning blow. Amazon, which has upended Americas retail business (and whose chief executive, Jeff Bezos, owns The Washington Post), is building physical stores that have no cashiers. If Amazons initiative succeeds, can cashier-less days at mainstream operations be far behind?

Look, Im not proposing that the United States turn into a modern-day version of old-style Russia, where it took half a dozen people to check you out of a store. And Im not proposing to return to pre-bar code days, when checkout lines were slower and there was more work for cashiers.

But I just look at the gas stations in New Jersey and compare them with the large, modern retail outlets in Atlantas northern suburbs, where my wife and I recently spent considerable time.

Georgia customers using the self-checkout line got no savings whatever in return for doing the stores work. Late at night, at least some big stores had so few cashiers on duty that self-checkout became the norm.

By contrast, at New Jersey gas stations, someone pumps my gas. Thats a boon to those of us, like me, who have arthritic wrists that dont react well to pumping my own gas, which I did in Georgia. And the Jersey gas lines moved more quickly.

[What to expect at work in 2017]

Sal Risalvato, executive director of the New Jersey trade group that represents gas stations and convenience stores, estimates there are about 9,000 gas-pumping jobs in the state. (The BLS once tracked Jersey gas-pumping jobs but no longer does.) Risalvato, who wants the self-pumping ban repealed, estimates that having attendants increases the price of gas by about 10 cents a gallon. To put that in context: The state increased gas taxes by 23 cents a gallon in November, and the recent average cost of gas ranged from $2.32 a gallon for regular to $2.79 for premium, according to GasBuddy.

Robert Scott III, a professor at New Jerseys Monmouth University who in 2007 published a scholarly article about the self-pumping ban, thinks it adds little or nothing to gas prices. A major reason, he says, is that insurance costs for Jersey gas stations are lower than they would be if customers pumped their own gas.

To be sure, you dont see the plight of cashiers portrayed nightly on cable news, and theres no big public fuss made when cashier jobs quietly slip away. But if Trump can dig out of his current problems and get back to playing offense, he could do a lot of good for cashiers and himself by publicly leaning on retail chains to preserve those jobs or even add to them.

And who can say? Just as we Jerseyites appreciate having gas pumped for us, store customers across the country would probably come to appreciate cashier-based checkout. Wed keep cashiers working instead of having to live in poverty or go on welfare or file for disability. Wed all win. And so would Trump.

Read more:

Trumps awful boast about paying no taxes

The whopping $1.2 trillion omission in Trumps tax reform plan

Why I cant (and wont) stop writing about Social Security

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The working-class job that Trump could save from automation - Washington Post

Robotic process automation makes nearshore outsourcing more … – CIO

The traditional benefits of IT outsourcing to nearshore locations have included geographic proximity, time zone alignment, cultural affinity and shared language. The one area these adjacent providers have not been able to compete with their offshore counterparts on has been price.

[ Related: Building a business case for offshore robotic process automation ]

But that could change as robotic process automation (RPA) takes hold. The automation itself will begin to chip away at the offshore competitive advantage of labor arbitrage. But more importantly, argues Marcos Jimenez, CEO of Softtek North America, it will highlight areas in which nearshore providers excel: proximity, agility, and flexibility. A nearly 20-year veteran of the Mexico-headquartered company, Jimenez has doubled the profitability of Softteks U.S. and Canadian business since taking it over in 2011.

CIO.com talked to Jimenez about the potential impact of RPA on the global IT and business process outsourcing market, new demands from customers for outcome-based engagements, the role of digital labor management in the future of IT services, and best practices for RPA success.

CIO.com: Traditionally, what have been the key criteria for customers choosing between offshore and nearshore models?

Marcos Jimenez, CEO, Softtek North America: One traditional advantage of nearshore has been flexibility in accommodating requests outside the specific parameters of contractual obligations and statements of work. Lets say, for example, that a customer asks a member of an application development coding team to collaborate in real time to meet a deadline. Its typically easier for a nearshore provider to accommodate that request because we are working concurrently with clients and matching their work scheduleincluding the same holidays. Under the offshore model, meanwhile, the most experienced people work on different time schedules, since senior people in countries like India typically dont want to work night shifts.

So, when a U.S.-based client has an urgent request they need to either rely on a less experienced person or they need to wait. So under the offshore model, its more difficult to go outside the lines of defined roles and processes. And thats a problem as todays fast-paced digital world demands agility.

Theres also the obvious geographic advantage of proximity. For U.S.-based customers who have to regularly visit service provider operations, traveling to Mexico vs. Mumbai becomes a lot more convenient and productive.

In terms of staffing, the dramatic growth of offshoring has over the years contributed to high turnover rates, as staff constantly seek new opportunities. Nearshore providers tend to have lower turnover and more stability.

All of that said, by virtue of their ability to effectively leverage labor arbitrage, offshoring has clearly had the advantage when it comes to price. In that arena, the nearshore model has historically not been able to compete. And, of course, for many customers in many situations, price is the key factor in making a sourcing decision.

[ Related: 11 ways to address RPA and AI in IT outsourcing contracts ]

CIO.com: How have you seen that dynamic begin to shift?

Jimenez: At Softtek, weve been able to leverage RPA and other types of automation to shrink the traditional price gap between offshore and nearshore.

In the last year, were also seeing more interest in nearshore based on our managed services offerings, with fixed price annual cost rather than just labor arbitrage and rate per full time equivalent (FTE). Our clients are asking us for year-over-year annual cost or efficiency improvements with a strong focus on automation.

CIO.com: Can you share an example of what might have tipped the scales in favor of the nearshore approach for one of your customers?

Jimenez: Many of our customers are looking to agile development methodologies to drive innovation quickly and in a cost-effective manner. Agile requires close collaboration between different teams. So you can have a U.S.-based team at a client site working with remote teams in Monterrey and Latin America, which makes collaboration easier. If the teams are in the U.S., India and Europe, that works well for the follow the sun model where you have teams handing off development work at the end of each day, but it tends to be less effective for agile.

One specific example is a major U.S. airline customer of ours. After working for more than 10 years with large Indian providers, this customer consolidated all of their application services with Softtek. The airline had more than 500 FTEs in a labor arbitrage model and faced significant challenges accelerating response time and innovation. In addition to offering a competitive price, Softtek transformed the application management model from labor arbitrage to SLA-based, digitized governance, and lean sigma to drive innovation and continuous improvement.

CIO.com: Its clear how automation could erode the labor cost advantage of offshore providers. But how about the role of IT service provider in helping customers implement RPA internally?

Jimenez: The providers role is to work with the customer to assess the automation opportunity, define the processes and functions that will be automated, and implement the automation software. The actual software can be either a third partys, such as Blue Prism or IPsoft, or a home-grown solution. The provider also typically oversees the transition and change process and then manages the new environment on an ongoing basis.

The extent of the providers involvement can vary depending on the situation. In some cases, the tool developer will be directly involved in the implementation, while in others the tool will be licensed to the service provider. Indeed, as the market matures, the major automation tool providers are figuring out how they want to position themselves in terms of doing implementation work vs. simply licensing. That will certainly play a role in the competitive landscape going forward.

[ Related: Robotic process automation is killer app for cognitive computing ]

CIO.com: What threats and opportunities does RPA pose for offshore and nearshore providers?

Jimenez: At a high level the threats and opportunities are the same for offshore and nearshore providers. The basic threat is that RPA undermines established models of service delivery, while the basic opportunity lies in delivering more value to customers more efficiently.

For large offshore providers, the most pressing immediate threat is the cannibalization of their labor arbitrage-based BPO businesses. This threat will continue to extend to their IT services business. Theres also the issue of how to redefine their business models. There are lots of headlines about the large India heritage providers scaling back on hiring and how, rather than adding 10,000 new people, they are looking at cutting staff or redeploying large numbers of staff.

There is a big opportunity here for second tier traditional offshore providersas well as for nearshore playersto challenge the tier one with a more advanced portfolio of services that relies significantly on automation.

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Robotic process automation makes nearshore outsourcing more ... - CIO

Delta veers to EV parts, automation – Bangkok Post

Anusorn: Reaction to China dumping

SET-listed Delta Electronics Thailand, a maker and distributor of power management solutions and electronic components, will focus on Asean, India and Australia as markets for high-potential products, says executive director Anusorn Muttaraid.

The new products will include electronics for electric vehicles (EVs), electronic parts for power plants and components for industrial automation, Mr Anusorn said.

Delta will de-emphasise electronic parts for telecommunications and the mobile sector to avoid competing with cheaper products China is dumping on the markets.

"We will focus on India and Asean countries as these markets are likely to continue growing, with demand for electronics parts for industrial automation and the auto parts industry still expanding rapidly," he said.

China continues to dump cheap electronic components for telecom and mobile products on major markets including in the US, Brazil and EU, forcing Delta to switch its emphasis, said Mr Anusorn.

"The company will continue to cut operation costs for its EU manufacturing plans to maintain efficiency and price margins," he said.

The US market accounts for 25% of the company's total revenue, followed by India (15%), China (14%), Germany (12%) and other countries (34% collectively).

The company reported revenue of 47.65 billion baht last year, down 0.7% year-on-year, because of intensified competition in a global market that had not yet fully recovered.

This year Mr Anusorn expects flat revenue growth because of escalated competition, particularly continued dumping from China onto world markets.

He expects net profit to rise by 10% in 2017 because of higher value products earning a greater profit margin.

"Delta Electronics hopes the Indian market exceeds its target for the year, as that would help offset falls in other markets," said Mr Anusorn.

The company set a growth target of 50% in India, which generated US$200 million last year.

Delta Electronics wants to expand its investment in India to raise its production capacity.

The company set aside an investment budget of 1 billion baht for 2017, mostly for maintenance issues in both domestic and overseas markets.

Mr Anusorn said he has no concerns about the economic policies of US President Donald Trump, as they are not expected to affect the company's business.

DELTA shares closed yesterday on the Stock Exchange of Thailand at 90 baht, down one baht, in trade worth 196 million.

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Delta veers to EV parts, automation - Bangkok Post

89% people want automation at workplace: Adobe – Economic Times

NEW DELHI: Contrary to popular belief, 89 per cent of people are positive about the role robots can play in helping them in the workplace, rather than taking away jobs, says an Adobe study.

According to the Adobe Digital Insights Future of Work Report, people are open to man and machine collaboration for work benefits.

"The Future of Work looks promising, as robotics and automation gear up to enable employees to be more productive and creative in their roles," said Abdul Jaleel, Vice President, People Resources India, Adobe.

Despite some concern around the impact of automation in the workplace, people are demonstrating positive commentary around how automation can undertake mundane tasks, and allow them to focus on creative and strategic responsibilities that matter most to them and their careers.

Robotics holds promise especially when it comes to the automation of traditionally mundane tasks.

Jaleel noted that automating document and signature processes, for example, could open up new possibilities for people as the tech revolution advances. Faster transportation and self-driving cars could revolutionise local travel.

"Moreover, the virtual office has big potential in the Future of Work. Work environments should continue to improve as employees demand more from their space, especially with automation ruling the minds of people," he said.

The findings are based on over three million Future of Work -- a phrase covering broad group of topics around what work would look like in the future -- related social mentions across several digital platforms including Twitter, news, blogs and forums, between January 2016 to January 2017.

The study's social analysis features regions including the US, UK, India and Australia.

The research is based on the analysis of select, anonymous and aggregated data from more than 5,000 companies worldwide that use the Adobe Digital Marketing Cloud to obtain real-time data and analysis of activity on websites, social media and advertising.

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89% people want automation at workplace: Adobe - Economic Times

Congress of Progressive Filipino Canadians against fascism: continuing the culture of resistance – Straight.com

This commentary was issued by the Congress of Progressive Filipino Canadians (CPFC) on February 13. It was originally published on the website of the Ontario-based Magkaisa Centre and on the website of the Philippine Women Centre of BC (which is a member organization of the CPFC).

We are in a crucial moment in history, and to understand how we can advance our organizing efforts as progressive Filipino Canadians, there is a need for a proper analysis of current social, economic, and political developments around the world. Much is happening in the global picture that impacts our national work within Canada, and it is within the global context that we must place our particular realities and immediate struggles. In 2016, we saw the horrendous record-breaking climb of greenhouse gas emission levels, the displacement and deaths of countless war refugees, and the rabid rise of anti-intellectualism, state impunity, fascism, and fascist tendencies. But we have also witnessed the many forms of people's resistance being waged throughout the world.

In Canada, the Liberal governments promises are crumbling, thus exposing the neoliberal agenda that had been brewing and implemented all along. The implications of fascist America is glaring, with Islamophobic attacks, spurts of neo-Nazi propaganda, and hate crimes surfacing all over Canada. From where we stand, our work in community organizing and building revolutionary consciousness and practice to fight the direct impacts of all these attacks is more necessary than ever.

Since the Liberal Government took power over a year ago, they have made promises to counter Conservative right-wing policies and legislation under the guise of working with communities to consult on issues: from missing and murdered indigenous women, the environment, to the Temporary Foreign Worker Program (TFWP). Yet their action and policies prove contrary to these humanitarian consultative initiatives, with the approval of pipelines and the hollow lip service and token treatment of the struggles of First Nations and Indigenous communities. Recommendations to the TFWP are steering towards the further privatization of the agricultural and healthcare sectors. For the working class in Canada, this means the continued exploitation of our labour locked to wage slavery, and further insecurity and instability for local and transnational workers alike.

While the election of Trump represents the rise of fascism in the U.S., the overwhelming majority of the white working class chose to abandon the racialized facets of the working class in order to support a racist, homophobic, patriarchal, xenophobic, and Islamophobic presidential candidate in exchange for empty promises of jobs and industry. On the other hand, the ongoing resistance of the Sioux Nation, and by extension all indigenous people on Turtle Island, in halting the construction of the North Dakota Access Pipeline, and the great show of support and solidarity during the Womens March to Washington all over the world are living proof that resistance is not futile. With the reversal of the halting order and the reckless gutting of democratic institutions, we need to remain vigilant and refuse the clawbacks of our hard-won victories.

The death of past revolutionary leaders, most notably Fidel Castro, signifies the passing of a generation of revolutionaries but also signals the ever-growing need to continue developing the next line of revolutionary leaders to help build the path towards socialism. Defining our task at hand and moving forward requires placing ourselves within this context. The current rise to power of far-right regimes around the world, vis--vis sparse but significant victories in the efforts of the Left to decolonize and overturn the viciousness of the profit motive, comes at a time when every opportunity to carry on the revolutionary struggle must be propelled to full potential.

The socio-economic and political accomplishments of the Cuban people under the leadership of the Communist Party are nothing short of remarkable. Despite its lack of resources and the U.S. embargo, the Cuban people were successful in establishing a healthcare system that is truly universal. It has also trained tens of thousands of doctors, and maintains some of the most advanced dermatology departments in the world. Furthermore, Cuba was also able to establish highly effective educational and youth programs, with illiteracy being nearly eradicated and national boxing and performing arts programs that produced world-class athletes and artists. The deployment of Cuban military personnel and medical professionals to Palestine and South Africa to aid in anti-apartheid efforts, as well as Castros open support for the Black Panthers and revolutionary struggles across Latin America, are a testament of the Partys commitment to genuine internationalist solidarity. In fact, it is clear that this commitment continues on with the recent deployment of Cuban-trained doctors to aid in the indigenous resistance at Standing Rock. Cuba's contributions in upholding the ideals of communism and building socialism continue to inspire revolutionary cultures across the globe to resist and combat imperialism, colonialism, capitalism, racism, patriarchy, homophobia, and all forms of oppression in the name of achieving a classless and truly liberated society.

Despite the overwhelmingly dismal human and environmental catastrophes caused by neoliberal global capitalism and imperialist war and plunder, now is the most hopeful and opportune moment to engage in the various struggles our societies are faced with today. People are growing more critical and are seeking sustainable and long-lasting alternatives to the unconscionable and unjustifiable mass destruction of entire ecological systems and the violent and deadly repression of millions of people borne out of the current world order. Now is the time to build the future, not to be swayed by the moment. Now is the time to create a lasting legacy and put an end to the domination and destructiveness of the capitalist system.

To challenge apathy and erroneous ideas regarding social activism and political organization, we must acknowledge the strength and the victories of the Cuban people, of the indigenous resistance on Turtle Island, of the Black Lives Matter movement, the Palestine solidarity movement, and all progressive struggles past and presently being fought for in Canada and throughout the world. As history has shown, the masses lead the indispensable role of bringing about social transformation and revolutionary change. In the spirit of resistance and peoples solidarity, we the Congress of Progressive Filipino Canadians will continue to espouse revolutionary culture and practice to help build and strengthen the socialist movement in Canada.

Expose and oppose the neoliberal agenda of global capitalism! Down with imperialist war and plunder! Onwards with the struggle for socialism! Long-live international solidarity!

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Congress of Progressive Filipino Canadians against fascism: continuing the culture of resistance - Straight.com

To make Trump’s America ungovernable, African American struggles are key – Green Left Weekly

Trumps America, wrote a leading African American journalist, Charles Blow in the New York Times, January 30, is not America: not todays or tomorrows, but yesterdays.

Trumps America is brutal, perverse, regressive, insular and afraid. There is no hope in it; there is no light in it. It is a vast expanse of darkness and desolation.

There is a lot of disgust toward Trump and his white nationalist strategist Steve Bannon, former executive chairman of Breitbart News, a leading promoter of conspiracy theories and white supremacists.

However, those liberals attempting to label Trump a puppet of Russian President Vladimir Putin are seeking the easy way out, rather than address their own failures or the decline of unions and working-class political influence.

The fact is the Republican Party is now under Trumps control. The official leaders, including House Speaker Paul Ryan and Senate Majority leader Mitch McConnell, are on board with Trumps America.

They agree that wielding power, especially white power, is how to Make America Great Again. African Americans, Mexicans and Muslims especially, Trump says, make America weak. Many white working people accept this myth.

During the struggle against the white supremacist Apartheid regime in South Africa, the leading anti-apartheid force, the African National Congress (ANC), coined the phrase: make the country ungovernable. The ANC rejected apartheid rule as illegitimate, since it excluded the clear majority of the population from basic rights.

That strategy inside and outside the country worked. Especially with the rise of Black South African workers organising and a powerful mass democratic movement, Apartheids central ally, Washington and especially then-president Ronald Reagan, could not prevent the Black majority from winning political rights.

Fighting back

Since Trumps Electoral College victory, there have been unprecedented protests by a wide cross-section of the country. They include the largest marches ever in Washington, DC and other cities. More than 3 million people marched under the banner National March for Womens Lives.

Native Americans have led the anti-pipeline protests at Standing Rock Reservation, immigration rights activists are defending the undocumented and the Movement for Black Lives (a broad coalition of more than 50 groups, including Black Lives Matter, formed last year) is stepping up resistance to police violence.

Trump is the bombastic figurehead for the ruling super-rich. However, if his bizarre behaviour, inflammatory rhetoric and policies begin to hurt their interests because the majority sees Trumps presidency as illegitimate, it could affect domestic stability and international alliances.

A weathervane historically is the Black population. Resistance by African Americans, as slaves and then as second-class citizens, has stimulated others to fight back. The two greatest struggles in US history were the movements for abolition of slavery and to end Jim Crow segregation last century.

The vanguard role of African Americans in these and other struggles has shaped the country.

My African Americans

Trumps view of Blacks fits his vision of how to make America great again, a view in which social progress has made the country a disaster. He refers to his Black supporters as My African Americans, a condescending comment reflecting his view that Blacks are lesser to himself and other whites.

At the same time, he seeks to use more police terror to put down Black resistance to racism. He has already targeted the largely Black south side of Chicago, speaking of sending more federal forces to the city.

Trump met with Black supporters on the first day of Black History Month. He praised the greatness of African American anti-slavery fighter Frederick Douglass, referring to the 19th century freedom fighter as someone who has done amazing things and is being recognised more and more, I notice as though he were still alive.

He holds the same view of all non-whites. For the first time since Reagan, there is not a single Latino in his cabinet, even though they are the largest minority in the country.

A statement by the White House on National Holocaust Day failed to mention that Jews were targeted by Hitler for extermination. His spokesman said it was by design because other groups were also murdered by the Nazis. But it reflects the anti-Semitism of the alt-right white supremacists.

Racism is about power, as Malcolm X and many radical Black nationalists and militants explained in the 1960s. The Trump administrations agenda is about returning to a pre-civil rights era.

Blacks women especially will likely be in the vanguard of the new resistance. Black women voted most strongly against Trump, gave the largest No vote to Trump, initiated the Movement for Black Lives and were key leaders of the January 21 March for Womens Lives.

Racist history

The historical context is important to grasp why African Americans have historically played a vanguard role in struggles to better society.

After the American War of Independence, a clause in the constitution gave Southern slave states extra votes in the Electoral College by increasing their voting power by adding slaves to the total (three fifths per person). This helped keep the slave states, who feared domination by Northern states, in the union.

Once slavery was abolished, its original purpose should have made it obsolete. But the rulers saw value in preventing citizens from directly electing the president, the most powerful branch of the state.

After the Civil War the issue was: should the freed slaves get the vote? Radical Republicans supported it, but Democrats, including in the North, were against full equality.

For his part, Abraham Lincoln opposed slavery but sought to appease slave holders with compensation.

It took a long time for presidents to open the door of the White House to African Americans. President Teddy Roosevelt (1901-09) was the first president to invite an African American to a White House dinner Booker T. Washington in 1901, shortly after his inauguration. The outcry led him never to do that again.

Franklin D Roosevelt (1933-45) never invited an African American to the White House for meetings or official events. FDRs base included the racist southern DixieCrats; it is noteworthy that his New Deal policies effectively left many African Americans out as he refused to challenge racist laws.

After the 1936 Berlin Olympics, white US athletes were invited to see and meet Roosevelt. No such invitation was made to the African American athletes, such as Jesse Owens who had won four gold medals. Owens commented: The president didn't even send me a telegram.

Roosevelt also refused to support an anti-lynching bill for the same reason.

Immigration and African Americans

African Americans are, for the most part, not descendants of immigrants. That phrase that the US is a nation of immigrants misses the reality of deep institutional racism and white supremacy.

Barack Obama was an unexpected break from this racist past. Even whites who voted for him hoped that the issue of race and racism would be consigned to historys dust bin. Instead, racism increased in the Obama era. Obamas actual policies were mainstream Democratic and Republican. He did little for African Americans directly.

However, with the rise of Obama, hardcore white supremacists saw the US as a white country undermined by the other. Obamas colour-blind approach to racism did not mollify them.

For a brief period of 10 to 15 years after the end of the Civil War in 1865 (known as the Reconstruction), former slaves won some real freedom and could vote. Many were elected to office.

But a violent counterrevolution arose to end these rights (a period during which the Klu Klux Klan rose as a white supremacist terrorist group). Slavery as a system never returned as it was less efficient and profitable than wage slavery.

Blacks were not paid equal wages. Many white workers falsely believed their situation was better thanks to the super-exploitation of African-American labour.

It took 100 years for Blacks to win back the vote in the post-slavery South. Now, more than 50 years after the vote was won, it is being suppressed again and civil rights are under attack.

Resistance is key

The mass protests show that African Americans, many women and others know that the electoral system is not the solution to institutional discrimination. Trump and his white nationalist advisers seek to use executive orders, the Congress and Supreme Court to impose a new presidential dictatorship, but the public is not ready to give in.

A majority oppose racist and anti-immigrant policies, but sentiment alone cannot stop the right. The ruling class knows that its control of the state depends on public acceptance of the system.

Unjust laws and orders by Trump and his backers must be met by civil disobedience the active, public, conspicuous breech of the law to bring about a change in law or public policy. The civil rights movement in the 1950s and 60s deliberately broke segregation laws to force federal action and fundamental change.

The authoritarian president will always blame those he fears as the enemy. He hits the fake media first, then all critics. The battle to defeat Trumps regime will require the same determination as that of earlier generations.

The goal of opponents should be to make the Trump presidency ungovernable. In such a struggle, revolutionary change is possible.

[Malik Miah is an editor of Against the Current. A longer version will appear in the March/April edition of ATC.]

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To make Trump's America ungovernable, African American struggles are key - Green Left Weekly

Point/Counterpoint: On Liberal Capitalism – The Free Weekly

I hope to explain what libertarian capitalism is, and what anarcho-capitalism is. Government has two main aspects extent and purpose. Extent how much violence-power it wields can be gauged by how much a government taxes, spends, incarcerates, and so on. Anarchists, by definition, reject all government violence-power in principle, preferring voluntary cooperation.

Anarchists believe that all the good things that government currently produces, such as courts, police, roads, and education, can be done better and more morally by voluntary society the market. Anarcho-capitalists believe that private property (by entitlement, not decree) is generally the best way to solve the scarcity problem peacefully. This belief makes us capitalist. We favor out-competing government, not violent revolution, and work on projects such as private education (online learning) private money (crypto currency,) private courts, and private police firms. (Would citizens of Ferguson choose a belligerent all-white police patrol in a freed market with competing companies?)

Libertarian capitalists want an economy based on free markets and private property. Free markets, to us, mean no government intervention whatsoever no subsidies, cartelizing regulations, or licensure. We make a clear distinction between market capitalists and crony capitalists. Like our libertarian socialist cohorts, we strongly oppose corporatism, which is collusion between government and favored crony firms. If government is involved, it is not libertarian capitalism.

Anarcho-capitalists are the radicals we want no compulsory government whatsoever. More centrist libertarian capitalists are called minarchists since they want a minimal State limited to courts, police, and national defense. Redistribution and social engineering are not valid functions of government.

Libertarians see mainstream media as offering a false dichotomy between statist socialism and statist capitalism. Free market solutions are off their radar. To mainstream media, a treaty creating a trade cartel is a free trade agreement! Similarly, we are offered the choice between nationalized medicine and fascist medicine, with no mention of the free market alternative. Libertarians want people to consider voluntary alternatives to the government gun.

Some libertarian capitalist positions:

1) Anti-war and anti-imperialist. We oppose military intervention in foreign countries. Minarchists want a defense-only military, or no standing army at all. Anarcho-capitalists would rely for defense on insurance firms, guerrilla warfare, militias, and the lack of incentive to attack peaceful trading partners. Free markets create an automatic constituency for peace.

2) We are against neo-liberalism and other efforts of governments to control, regulate, or capture international trade. Trade should be voluntary, not enforced by governments. We oppose the corporatocracy; States should not be loan sharks to developing nations.

3) We are against corporatism. We think large corporations would mostly disappear in a freed market, lacking the government subsidies that give them advantages and create barriers for competition.

4) Employment is incidental to capitalism. It is fine so long as it is voluntary. We look forward to a time when everyone is an individual entrepreneur, cooperating with other producers as equal traders. (Here we disagree with libertarian socialists. We think employment is okay but sub-optimal; they think it is evil wage slavery.)

5) Anarcho-capitalists want voluntary society to prevail, and take over all (legitimate) functions that the state now does. Anarcho-socialists, our counterparts, concur.

Libertarianism, in essence, is about moving humanity away from the coercive rule of authorities, and toward a society where all activities are voluntary. Libertarian capitalists predict that, in a stateless society, many/most people will opt for some type of private property. Libertarian socialists think that many/most people will opt for some type of collective property. In a stateless society these wouldnt conflict; there is ample scope for experimentation in freedom.

Most libertarians hold a non-aggression ethic that one should not initiate force (violence) against others. Libertarians (as such) are not pacifists; we believe in self-defense, but the initiation of force is criminal. Most people agree with this non-aggression presumption in their personal lives, but statists give government a free pass. E.g. People who would never demand money from their neighbor at gunpoint, think nothing of voting for their government to do just that. Government, to statists, is above human morality. Libertarians, in contrast, hold everyone to the same moral standard.

Abel is a libertarian socialist, so he shares my belief in limited government. When he speaks against capitalism, keep in mind that he defines capitalism as only the statist type, corporatism. In past discussions he didnt address libertarian capitalism at all. But listen to him! Libertarian socialists have a very good critique of statist capitalism. Libertarian capitalists agree with his analysis of capitalism perverted by government. We hate Pinochet and fascism, too. The kind of capitalism libertarian capitalists favor is no-government free market capitalism the separation of economics and State.

Originally posted here:

Point/Counterpoint: On Liberal Capitalism - The Free Weekly

Equalities Secretary to seek UK assurances over benefits after … – AOL Money UK

Equalities Secretary Angela Constance is to seek assurances from the UK Government that it will not reduce the benefits of claimants in Scotlandwhen the bedroom tax is abolished.

Ms Constance will meet with the Department of Work and Pensions in London on Monday and stress that the abolition of the bedroom tax cannot be counted as a benefit income when it comes to the UK Government's benefit cap.

Scottish Government ministers are concerned that when the bedroom tax is removed in Scotland, the UK Government will treat this as additional income for a household and impose the cap.

The Scottish Government is to provide 47 million next year in an attempt to mitigate the bedroom tax and will seek to abolish it "as soon as practically possible".

Ms Constance said:"The bedroom tax is an abhorrent charge which makes the lives of those already struggling to make ends meet even harder - there's no place for that in a modern Scotland.

"I make no secret of the fact we want to abolish it but what we also don't want to see is anyone's benefits being reduced again because by abolishing bedroom tax they end up over threshold for the UK benefit cap.

"It is not acceptable for the Scottish Government to give with one hand only for the UK Government to take away with the other.

"When these powers were transferred to Scotland there was a commitment there would be no claw back of benefits as a result of payment or eligibility decisions made by the Scottish Government.

"We need cast iron commitments from the UK Government that they will abide by those principles and that people won't be penalised further.

"This issue has been raised with UK ministers on a number of occasions and I look forward to discussing this further at Monday's meeting."

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Equalities Secretary to seek UK assurances over benefits after ... - AOL Money UK

Orbotech: Technology Manufacturing Growth Stock – Seeking Alpha

On a daily basis, I scan the markets for stocks that have traded sharply lower due to earnings misses, weak guidance or negative press in an effort to find situations where the market has overreacted. Although most of the time there are legitimate reasons behind the size and pace of a selloff, every now and then there are selloffs that are overdone.

This is the case with the recent selloff in Orbotech (NASDAQ:ORBK) after the company reported disappointing 4Q2016 earnings and 1Q2017 guidance a few weeks ago. Despite being an industry leader with a top-notch balance sheet and diversified revenue portfolio, the stock fell over 10%, resulting in valuation multiples below its peer group.

At these valuations, shares of ORBK have an attractive risk/reward profile as I expect growth to accelerate across their divisions during 2017. Based on those growth expectations, I believe that ORBK's valuation multiple should rebound to trade in line with those of the company's peers. As a result, shares should rebound to between $40-$45, representing ~40% upside from current levels.

Overview

ORBK is a supplier of yield-enhancing and process-enabling solutions for the electronics products manufacturing industry. In plain English, their products allow companies that manufacture electronics to efficiently produce complex products and minimize defects to maximize output. The Company is comprised of three divisions: Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.

The Production Solutions for the Electronics Industry segment, which represents 95% of revenue, includes three sub-segments, Printed Circuit Board (PCB), Semiconductor Devices (SD) and Flat Panel Displays (FPD).

Source: Company Presentation

In the Flat Panel Display (FPD) market, ORBK's has established a market-leading position in the fastest growing segments, including Flex OLED. This position has resulted in increased bookings for 2017, providing investors with improved visibility versus previous years.

In the Printed Circuit Board (PCB) market, ORBK's PCB repair tool allows customers to generate 100% yields in manufacturing, thereby reducing costs and improving profitability. As noted on the 4Q2016 conference call, "the PCB industry is expected to return to positive growth mode" in 2017, and management believes the PCB division will become "an even more meaningful part of our growth".

In the Semiconductor Devices (SDD) market, ORBK is the leading company for fan-out packaging, a segment which is expected to grow, and which ORBK should be able to take market share within. Additionally, ORBK is gaining traction in the MEMS market, which the company specifically noted on the 4Q2016 conference call. On the call management noted they expect to "see growth and demand for MEMS coming from the smartphones, automotive, Internet of things and wearables application. As has been widely reported, these industries continue to add a variety of sensors, for example, for automated collision avoidance system, autonomous drive vehicle, and pedestrian sensing in automotive, and new security feature such as fingerprint sensors in small devices."

Based on ORBK's competitive position in its three main markets and the expected growth in each I expect sales to increase to $900M and $970M; and EPS to total $2.75/share and $3.30/share during 2017 and 2018 respectively.

M&A Growth Prospects

In addition to expecting strong organic revenue and earnings growth, ORBK has the balance sheet capacity to make additional strategic acquisitions. Specifically, investors are hopeful that the company makes an acquisition in adjacent markets or further up the value chain.

However, in addition to having the financial capacity to make acquisitions, I believe ORBK management has proven their ability to identify, acquire and integrate acquisitions that deliver significant value for shareholders.

In 2014, ORBK acquired SPTS, a UK-based manufacturer of etch and deposition processing equipment company targeting advanced packaging and MEMS markets. The acquisition, which is now the SDD division of ORBK, cost the company ~$370M ($300M in debt, $90M in cash) and was priced at ~2x sales. Over the last 3 years, the acquisition has proven to be well-timed and well-executed. Since the acquisition, the Fan-Out, advanced packaging and MEMS product lines have driven SDD division a CAGR of ~25% and supported overall company revenue growth.

Source: Jefferies

In addition proving their ability to identify attractive acquisition targets and execute after closing, management has proven its ability to responsibly manage debt loads following acquisitions. As of EOY2016, the company had reduced total debt to ~$88M.

Source: SimplyWall.st

As reflected in the Jefferies analysis below, the company is in a strong position on both a cash/debt basis and Net Debt / FCF basis.

Source: Jefferies

Given its strong financial position, I would expect the company to pursue another large, strategic acquisition in the next 12 months. Based on management's proven ability to create shareholder value through M&A, as represented by the STPS acquisition, I believe any M&A announcement would be a positive catalyst for the share price.

Valuation

Following the company's 4Q2016 earnings call, on which the company reported weaker than expected 4Q2016 results and 1Q2017 guidance below consensus, shares plunged over 10%.

Source: YCharts, Internal Model

To recap, the company reported 4Q16 revenue of $215M (up +5% Q/Q, +14% Y/Y), which was below the midpoint of guidance and consensus due predominantly lower SD sales (down 14% Q/Q). One bright spot of the report was the strength in the FPD and PCB segments, which were +20% Q/Q and +12% Q/Q, respectively. Gross margin came in at 46.8%, which was below both guidance and consensus and was attributed to product mix, foreign exchange and hedging losses. Overall the lower revenue and lower margins led to EPS of $0.70, which was $0.07 below consensus. As a result of the slow SDD sales in 4Q2016, the company revised its guidance lower for 1Q2017, which put further pressure on the shares.

Although it is never great when companies miss and guide lower, I believe the underlying reason for ORBK's 4Q2016 performance and 1Q2017 guidance (lower than expected SDD segment revenue) has been misinterpreted by market participants leading to an overreaction in the share price. Unfortunately, SDD revenues are typically lumpier and a single customer order delay can meaningfully impact revenue. As I see it, the company simply faced SDD order delays during the period and is being conservative for 1Q2017. Despite these short-term headwinds, I believe the SDD division along with the FPD and PCB segments should accelerate through the second half of 2017. In contrast to my view, the market seems to be discounting ORBK's 2017 growth potential because one segment underperformed for one quarter, and that to me represents an opportunity to buy.

Due to the selloff, ORBK not only has underperformed its peers on a historical basis but is also undervalued on a variety of historical metrics. In my analysis I included Applied Materials (NASDAQ:AMAT), Lam Research (NASDAQ:LRCX), KLA-Tencor (NASDAQ:KLAC), Nova Measuring (NASDAQ:NVMI), Nanometrics (NASDAQ:NANO) and Teradyne (NYSE:TER).

Source: YCharts, Internal Model

In addition to being undervalued on a historical basis, the company also seems to be undervalued relative to its future growth.

Based on my EPS and Sales targets, which are in line with many sell-side analysts, if ORBK traded at peer average PE or P/S ratio levels, the share price would be meaningfully higher.

Based on the peer average PE / 2017E Earnings ratio of 15.6x and target earnings of $2.75/share, the stock is trading at a 39% discount to the fair value price of ~$43/share.

Risks

Despite its growth prospects and valuation, there remain risks associated with an investment in ORBK.

First, should macroeconomic conditions deteriorate, causing a decrease in spending by ORBK's customers, my earnings estimates and price target would be negatively impacted.

Second, given that ORBK operates in a cyclical business, should electronics demand weaken or capital investment in China slow, it would materially impact ORBK's stock price. Additionally, ORBK has relatively high customer concentration and geographic (China and larger Asian-Pacific region) concentration risk. Should one of their major customers reduce spending or a regional macroeconomic event unfold in Asia, ORBK would be negatively impacted.

Finally, while I believe ORBK has a strong competitive position in the markets it operates in, there is always the risk that competition drives prices and margins lower.

Summary

As a leading supplier of solutions that are critical in the time-to-market sequence of its technology-focused customers, ORBK is ideally positioned to benefit as demand for mainstream products, such as smartphones, tablets, monitors, and flat panel TVs increases for the foreseeable future.

The company has a strong competitive position, the firepower to make another strategic acquisition and is undervalued relative to its peers across a variety of metrics.

I believe an investment in ORBK offers an attractive risk/reward profile at these price levels following the overreaction of the market to the most recent earnings release.

Disclosure: I am/we are long ORBK.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I recently opened a position in ORBK based on the thesis outlined in this article.

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Orbotech: Technology Manufacturing Growth Stock - Seeking Alpha

How Digital Printing Technology Is Taking Us Closer To Fully Customizable Clothing – Forbes


Forbes
How Digital Printing Technology Is Taking Us Closer To Fully Customizable Clothing
Forbes
Tie together digital printing, a bit of artificial intelligence and some robotics on the end, and it's a vision that's not too far off, which is precisely what the technology company is hoping to help make possible on all accounts. Its senior team ...

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How Digital Printing Technology Is Taking Us Closer To Fully Customizable Clothing - Forbes

‘Brogrammer’ Attitude May Hinder Technology Diversity – SHRM


SHRM
'Brogrammer' Attitude May Hinder Technology Diversity
SHRM
Forty-five percent of female technology workers say they have witnessed exclusionary behavior in the workplace, according to a new study of more than 1,000 tech workers by Austin, Texas-based tech job board Indeed. Experts cite the "brogrammer" culture ...

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'Brogrammer' Attitude May Hinder Technology Diversity - SHRM

UML technology ready for lift-off – Lowell Sun

UMass Lowell Research Scientist Susanna Finn tests the LITES device, which is set for launch Saturday from NASA's Kennedy Space Center. COURTESY Joson Images for UMass Lowell

Sun staff photos can be ordered by visiting our SmugMug site.

LOWELL -- A SpaceX rocket carrying technology built by UMass Lowell scientists is set for lift-off at 10:01 a.m. Saturday from the Kennedy Space Center in Florida.

The instrument, known as the Limb-Imaging Ionospheric and Thermospheric Extreme Ultraviolet Spectograph (or, simply LITES), is designed to take images of different wavelengths of ultraviolet light. It also makes visible the molecules and atoms in the Earth's upper atmosphere, what's referred to as the "ionosphere" by scientists.

"I'm very excited to have worked hands-on on an instrument and then get to see it hopefully and successfully launch into space," UMass Lowell Research Scientist Susanna Finn, who helped build LITES, said in a phone interview from Logan Airport on her way to Florida. "Going into the space station is a very cool and kind of a surreal thing. I'm certainly hoping for smooth sailing. It's certainly been a long time coming."

Finn said she's been working on this project for three years. If launched successfully, the research scientist added, the device will be mounted on the International Space Station at the limb of Earth, or edge, where she and her team can see the Earth's atmosphere.

"Because it's a spectograph, we can separate the light in visual wavelengths -- the light that's coming from specific atoms and molecules in the upper atmosphere," Finn explained. "This part of the atmosphere has a lot of irregularities and a lot of bubbles and these things can affect communication and GPS signals and navigations.

According to a release, by studying these images, Finn and other scientists hope to learn how these irregularities affect radio signals as a way to improve how satellites and GPS navigational tools function.

UMass Lowell Physics Professor Supriya Chakrabarti, who directs the university's Lowell Center for Space, Science and Technology, is leading the project. He said the device was shipped to the Kennedy Space Center over a year ago because originally the team was supposed to launch in January 2016.

"This is sort of a very anxious moment," the professor said Friday while en route to Logan Airport. "Launching is a great celebration, but this is not the final thing. We would like to see that it gets to the right place to collect data."

Follow Amaris Castillo on Twitter and Touot @AmarisCastillo.

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UML technology ready for lift-off - Lowell Sun

Tokyo Institute of Technology taps Nvidia for Japan’s fastest AI … – TechCrunch

Nvidias business is increasingly the business of artificial intelligence, and its latest partnership fits with that new role. The graphics processing maker is supplying the Tokyo Institute of Technology for the GPUs that will power its new AI supercomputer, which will be the fastest of its kind in Japan once completed.

Nvidia Tesla P100 GPUs, which use Pascal processing architecture, will be used in the creation of the cluster, which will be known as TSUBAME3.0, and which will replace TSUBAME2.5 with twice the performance capabilities. Dont feel too badly for TSUBAME2.5, however its still going to be in active use, adding its power to TSUBAME3.0s projected 47 petaflops for a combined total of 64.3 petaflops in total youd need a heck of a lot of iPhones to match that (like very, very insanely many).

The goal is for TSUBAME3.0 to be up and processing by this summer, where its prowess will be put to use in service for education and high-tech research at the Tokyo academic institution. Itll also be available for private sector contracting, and the school says it cant wait to start teaching the new virtual brain.

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Tokyo Institute of Technology taps Nvidia for Japan's fastest AI ... - TechCrunch