Daily Archives: May 6, 2017

Trump Threatens Press Freedom? Ridiculous – Power Line (blog)

Posted: May 6, 2017 at 3:31 am

The Minneapolis Star Tribune editorial board wrote on Tuesday: Trump administration continues to threaten a free press. Did I miss the news about President Trump vowing to shut down CNN or the New York Times? Of course, that didnt happen. So what is the editorial board talking about?

[A]t a campaign-rally style event on Saturday, Trump used the bully pulpit to try to bully the news media, which he said included some very dishonest people.

So what? A free press is not a press that is immune from criticism. On the contrary, disagreement is the corollary of freedom. And we all know that the press has monolithically opposed President Trump, accusing him of dishonesty and worse. As the editorial board did in its very next sentence:

But it was actually Trump who lied about the failing New York Times subscriptions have surged since the election claiming the paper apologized because its campaign forecasts were so bad. In fact, no apology was issued.

Is the New York Times failing? That is a matter of opinion, and the fact that subscriptions have surged since the election doesnt answer the question. The Times has conducted one layoff after another, as declining revenues have forced personnel cuts. And this chart shows the New York Times share price from 2001 to the present:

Is the Times failing? As I said, that is a matter of opinion, but it violates all norms of journalism for the editorial board to say that Trump lied in expressing that judgment.

Did the Times apologize for its coverage of the 2016 presidential campaign? That, too, is a judgment call. The papers publisher and editor sent a letter to its readers on November 13, 2016, that can be read as a mea culpa. That is how the New York Post saw it. (The publishers letter to subscribers was part apology and part defense of its campaign coverage, but the key takeaway was a pledge to do better.)

The Strib editorial board continues:

The administration ratcheted up the rhetoric with an even more chilling message the next day, when Chief of Staff Reince Priebus told ABC that the White House had looked at potential changes to libel laws, echoing Trumps irresponsible campaign pledge to open up laws to make it easier to sue news media organizations.

The editorial refers to the 1964 Supreme Court case of New York Times vs. Sullivan, under which (along with succeeding cases) the Supreme Court has established a regime that is probably more tolerant of reporters who publish falsehoods than any other country in the world. Does the Strib think that freedom of the press dates only from 1964? And is New York Times vs. Sullivan somehow above criticism?

The Strib editorialists probably have never been lied about in a newspaper, but that is an experience that Donald Trump and his family have gone through many times. Just a few weeks ago, Melania Trump settled a lawsuit which she brought against the Daily Mail in London. The Daily Mail reported a false rumor that Mrs. Trump was a prostitute early in her career as a model. The lawsuit was resolved with a cash payment by the Daily Mail and an apology:

We accept that these allegations about Mrs. Trump are not true and we retract and withdraw them, a lawyer for the British newspaper told a judge, Andrew Nicol, at the Royal Courts of Justice in London. We apologize to Mrs. Trump for any distress that our publication caused her. To settle Mrs. Trumps two lawsuits against us, we have agreed to pay her damages and costs.

Note that Mrs. Trump brought her case in the United Kingdom. If an American newspaper had published the same lie about her, in all probability New York Times vs. Sullivan would have prevented her from obtaining either damages or an apology. President Trump can perhaps be forgiven for considering this a sub-optimal legal arrangement. And does the Star Tribune think that England, with its stricter libel laws, doesnt have a free press?

In any event, so what if President Trump disagrees with the current state of defamation law? Disagreeing with a Supreme Court decision doesnt make you an enemy of free speech. Unless, of course, you disagree with the Citizens United case, which means that you want the government to be able to ban books and movies that criticize politicians. (Citizens United held that it was unconstitutional for the government to ban the showing of a movie that criticized Hillary Clinton.) Overturning Citizens United really would deal a body blow to free speech, but because that is a position favored by the Democratic Partyand in particular by Barack Obamait doesnt bother the Star Tribunes editorial board.

The editorial continues:

In the introduction to its annual World Press Freedom Index report, Reporters Without Borders wrote that this years index reflects a world in which attacks on the media have become commonplace, and strongmen are on the rise. We have reached the age of post-truth, propaganda, and suppression of freedoms especially in democracies.

The U.S. should be a beacon of media freedom, but the country ranked a pathetic 43rd in the index, just below the African country Burkina Faso.

If you didnt know better, you might infer that the U.S.s pathetic rank of 43rd in the Reporters Without Borders Press Freedom Index was Donald Trumps fault. So, how did the U.S. rank in the halcyon days of the Obama administration? In 2014, we ranked 46th. In 2015, we ranked 49th, three slots below Burkina Faso. I guess the Strib should congratulate President Trump on our improving press freedom rating.

Mostly, though, this is all silliness. The dominant liberal press has been bashing Republicans for as long as any of us can remember, and we finally have a Republican president who is willing to hit back at partisan journalists. What the press wants is not to be freeit is as free as anyone can imaginebut rather to be above criticism. To be able to throw punches without ever taking any. This is the Stribs vision:

Americans, regardless of party, should reject Trumps destructive attacks on journalists and instead unite behind freedom of the press.

That is completely wrong-headed. We give reporters the freedom to criticize government officials, and government officials (like the rest of us) have the reciprocal freedom to criticize journalists. Freedom of the press does not mean that reporters enjoy a unique immunity from disagreement. What we have today is a free-for-all, which is exactly what the Founders envisaged.

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Freedom Caucus comes to save Obamacare repeal, not bury it – Washington Examiner

Posted: at 3:31 am

President Trump and House Speaker Paul Ryan led the Rose Garden celebration, but the Freedom Caucus came out of Thursday's healthcare vote big winners.

The group of conservative lawmakers had been derided as an obstacle to Republican unity, good only for killing legislation or forcing it to be passed with Democratic votes. But this time, the Freedom Caucus was instrumental in shaping a bill partially repealing Obamacare that could get to a majority in the House with only Republicans.

"I think they ultimately made the bill better," Rep. Mark Sanford, R-S.C., told the Washington Examiner about his fellow conservatives' Obamacare efforts. "I think the trajectory of the bill has been changed in regard to real world savings in the individual marketplace, which I think will be very important not only from a political standpoint but from a policy standpoint as well."

Trump himself blamed the Freedom Caucus for the initial failure of the Republican Obamacare replacement plan, suggesting they would need to be fought alongside the Democrats in 2018. On Thursday, the president sang their praises.

"The groups have all come together," Trump said at the White House. "We have the Tuesday Group we have so many groups. We have the Freedom Caucus. We have and they're all great people."

Only one Freedom Caucus member voted against the latest version of the American Health Care Act, while over a dozen centrists and Republicans from swing districts voted no. Even Rep. Justin Amash, R-Mich., a leading libertarian lawmaker, voted yes.

"Tough vote today," Amash tweeted. "I decided only after I had read and understood the entire bill. A lot of exaggeration from both parties about its effects."

By contrast, there were reports that the centrist Tuesday Group was mulling the expulsion of the member most crucial to achieving a breakthrough on healthcare negotiations: Rep. Tom MacArthur, R-N.J.

Sanford pointed out that Trump said he was "moving on" after Obamacare repeal failed the first time around, after leadership pulled the bill from the House floor, while Freedom Caucus chairman Mark Meadows, R-N.C., kept trying to negotiate with centrists.

"[T]hen you have Meadows and MacArthur begin to kick ideas around and form their amendment that I think resuscitated this bill," he said. "Executive branch is always important but I think that the real credit in this one belongs to a lot of rank-and-file members who rolled up their sleeves and said, 'This issue is too big to be abandoned and it's too important in people's lives and we have to work on it.' So they did."

"I think the lesson here is that the White House should work with conservatives right out of the gate," said a Freedom Caucus source. "You can't ignore conservatives in the Trump era."

The initial argument within the Republican conference was that Freedom Caucus members mostly held safe seats while the centrists were taking all the political risks. A GOP strategist complained about centrist Rep. Charlie Dent, R-Pa., having to "walk the plank" for members winning 70 percent of the vote in their re-election races.

Over time, however, Freedom Caucus members made a variety of concessions to bring other Republicans on board. They moved away from full repeal, backed off their opposition to refundable tax credits, lowered the number of Obamacare mandates they insisted on rescinding from 12 to two, and then accepted allowing states to apply for waivers allowing them to opt out of the mandates.

As centrist vote totals fluctuated, it became difficult to sustain the argument that conservatives were the ones moving the goalposts. "We've moved them much closer," Meadows said after the Obamacare push stalled the first time. "All they have to do is kick a chip shot."

The core conservative argument remained the same: allow the sale of bare-bones insurance plans to lower premiums and bring more young, healthy people into the marketplace. "Our main goal, our only goal, is to lower premiums," Meadows said.

Not everyone was pleased with the group's sudden pragmatism. "Why are Freedom Caucus members, who only yesterday were opposing the lousy budget agreement to increase federal expenditures, chucking their principles aside for a flawed bill they probably haven't read?" asked Reason magazine's Matt Welch. He attempted to answer his own question: "The truth is that Donald Trump generally inspires more positive passion in GOP-held congressional districts than the local congress-critters themselves."

Many grassroots conservatives despise the bill even its current form. So do some holdout lawmakers.

"I voted against this bill not because it's imperfect, but because it's not good," said Rep. Thomas Massie, R-Ky., in a statement. Massie previously compared the bill to a kidney stone that House only cared about passing.

"Now in 2017, for reasons I cannot understand, instead of moving a bill to repeal Obamacare and replace it with reforms that will fix our broken health care system, the Washington Republican leadership jammed a bill through the House that does neither," said Rep. Walter Jones, R-N.C. "Furthermore, the rushed, behind-closed-doors process they've used is shameful."

Lots of last-minute horse-trading was involved in passing the bill, which some supporters admittedly didn't read and the Senate isn't even going to vote on as written.

Still, Freedom Caucus support helped get outside conservative groups to drop their American Health Care Act opposition. And conservative lawmakers were happy to keep even partial Obamacare repeal alive.

"I think it's important to recognize this vote for what it is: a vote to continue the conversation about where we go next on healthcare," Sanford said.

Some even think this is a model for passing future legislation.

"The president cares about how his base responds to policy on Capitol Hill and more often than not that base is going to be aligned with the demands of House conservatives," the Freedom Caucus source said. "If he wants to keep his base happy, he should start by working with conservatives, then make concessions to get enough moderates on board. Not the other way around."

"And this exercise showed us that the Freedom Caucus is willing to stick to its guns," the source added.

Kimberly Leonard contributed to this report.

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US: Religious Freedom Order Opens Way for Bias – Human Rights Watch

Posted: at 3:31 am

Supporters of contraception rally before Zubik v. Burwell, an appeal brought by Christian groups demanding full exemption from the requirement to provide insurance covering contraception under the Affordable Care Act, is heard by the U.S. Supreme Court in Washington DC., March 23, 2016.

(Washington, DC) An executive order issued by President Donald Trump on May 4, 2017, opens the way to overriding regulations that protect womens health, Human Rights Watch said today. While media attention has largely focused on the orders efforts to roll back limits on political speech by religious leaders, its other and less sensational provisions could harm the rights of millions of women.

President Trump described the executive order on promoting free speech and religious liberty as an effort to defend the freedom of religion and speech in America. Its signing was timed to coincide with the National Day of Prayer. But the order also invites agencies to issue regulations that would allow the conscience-based objections of employers and insurers to override regulations that protect womens health.

Its shameful to target life-saving womens health services and call it an act of conscience, said Amanda Klasing, senior womens rights researcher at Human Rights Watch. This order will take away many womens access to affordable family planning options.

Senior womens rights researcher

The Executive Order Promoting Free Speech and Religious Liberty invites the secretaries of the treasury, labor, and health and human services departments to consider issuing amended regulations to address conscience-based objections to the preventive-care mandate as it pertains to women and women only.

The mandate was introduced as part of the Affordable Care Act. It states that: A group health plan and a health insurance issuer offering group or individual health insurance coverage shall, at a minimum provide coverage for and shall not impose any cost sharing requirements forwith respect to women, such additional preventive care and screenings not described in paragraph (1).

Preventive care and screenings under this provision currently include breast cancer screening for average-risk women; breastfeeding services and supplies; contraception; screening for cervical cancer, gestational diabetes, HIV, and interpersonal and domestic violence; counseling for sexually transmitted infections; and visits to health facilities for preventive care, known as well women visits. Religious employers are already exempted from the contraceptive mandate while religious non-profits and certain closely held corporations have also been extended accommodations to address religious objections to contraception. Yet, Health and Human Services Secretary Tom Price quickly responded to the order by welcoming the opportunity to re-examine the contraception mandate, promising swift action.

The order also instructs the attorney general to issue guidance to all agencies interpreting religious liberty protections in federal law. This vague provision seems to invite new interpretations of existing law that recognize new religious exemptions, which is deeply alarming given that both President Trump and Vice President Mike Pence have signaled support in public statements for broad religious exemptions aimed at facilitating discrimination.

As the governor of Indiana, Vice President Pence signed a religious exemption law that drew widespread criticism from the LGBT community. On the campaign trail, President Trump repeatedly indicated he would sign the First Amendment Defense Act, a bill that would prohibit the federal government from taking action against those who discriminate or refuse service based on their opposition to same-sex marriage or sex outside of marriage.In South Dakota and Alabama, state governments have recently enacted religious exemptions that facilitate discrimination against LGBT people in adoption and foster care.

This order attacks the rights of women using religion as a pretext, Klasing said. Even as the House guts health care, the President struck a real and immediate blow with this order, giving free reign to restrict the contraceptive mandate that benefits millions of women in the US.

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Trump’s Religious Freedom EO Proves America’s Salvation Won’t Come on Air Force One – CNSNews.com

Posted: at 3:31 am


CNSNews.com
Trump's Religious Freedom EO Proves America's Salvation Won't Come on Air Force One
CNSNews.com
President Trump's long-anticipated order on religious freedom reminds us that salvation won't come on Air Force One. Yesterday, on the National Day of Prayer, President Trump signed an executive order on religious liberty. Unfortunately, though it was ...

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Technology is transforming societies more deeply than the political vibrations of 2017 – PRI

Posted: at 3:31 am

On Sunday, French voters will choose between Marine Le Pen and Emmanuel Macron politicians with radically different visions. Macron is for globalization and European integration. Le Pen is a nationalist, representing the kind of discontent that led to Brexit and the Trump election.

Its a stark choice, but the outcome may actually be less important to the future of Western democracy than, well, the screen youre reading this on.

Thats because the epochal change created by technology is transforming societies more deeply than the political vibrations of 2017. Thats according to David Rothkopf, CEO of Foreign Policy and author of The Great Questions of Tomorrow. He says its easy to miss the bigger picture.

Facebooks goal is five billion members by 2030. That will be the biggest community ever, says Rothkopf. On a level of power, we have to acknowledge that Facebook is going to be significantly more influential in the world, and touch more lives, than all but a couple of nations.

Facebook now has 1.94 billion users, according to an earnings report released this week. The company also said it plans to hire 3,000 new employees to manage and screen all its content. That would bring its global team to 7,500 people. Getting to five billion users depends on people all over the world buying mobile devices.

Mark Zuckerberg may not be in public office, but he wields a lot of social and economic power, Rothkopf says. Not only does Facebook profit from its users, it also has the power to knit them together, and apply algorithms to decide the news they read. Facebook can also share information about them with governments, corporations and other non-state actors. Not to mention, decide what is acceptable speech and advertising.

And how does Facebooks power compare to, say, President Donald Trumps?

I would argue that the reason we have the president we do is that someone, somewhere, wrote an algorithm that said, Stories with the following characteristic will appear at the top of a news feed. Somewhere theres an algorithm writer with a heck of a lot of power who is not accountable to any public institution or been anticipated by any system of law, says Rothkopf.

Much was made of Trumps first 100 days. Its a classic, journalistic yardstick. And theres worthwhile debate about what the first months of the Trump Administration can tell us about the next four to eight years. But what about longer term? Rothkopf sayswe keep looking backwards.

Weve spent the last 20 to 30 years looking backward at the last threats of the 20th century ... instead of a change in the world on an epochal scale, like the fact that in the next 10 years or so every human being on the planet is going to be connected in a manmade system for the first time in history, which means anyone, anywhere can reach out and touch and communicate with anyone anywhere else, anytime. And that does change: Who am I? What is community? What is a government? What is an economy? What is money? What is war? What is peace? It changes the answer to all of those questions.

This story first aired as an interview on PRI's To The Point with Warren Olney.

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Facebook, Tesla Realize Technology Can’t Solve Everything – Barron’s

Posted: at 3:31 am


Barron's
Facebook, Tesla Realize Technology Can't Solve Everything
Barron's
Silicon Valley companies tend to solve problems by improving their technology as opposed to hiring people to make hands-on repairs. But in recent days, two high-profile companies have announced major hiring efforts that seem to indicate a shift in that ...

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Inkjet Summit Provided Opportunities To Share Advances In Technology – Printing Impressions

Posted: at 3:31 am

The fifth annual installment of the Inkjet Summit recently took place in Ponte Vedra Beach, Fla. I have been lucky enough to attend all five Summits, and once again, it did not disappoint. Each year, approximately 100 printing company owners and senior-level operations and sales executives attend this invitation-only event.

The Inkjet Summit is a one-of-a-kind event designed to educate industry leaders on the future of production inkjet printing technology and software solutions. Knowledge is shared through a combination of general sessions and case studies by both manufacturers and users of inkjet technology. I shared presentations on IWCO Directs new Screen Truepress 520 HD as well as our portfolio of Canon inkjet devices.

The Inkjet Summit is also unique in that it is not sponsored by a single manufacturer, nor is it a user group focused on a single technology. Instead, it provides a vendor-agnostic forum for both new inkjet users and those experienced in inkjet technology to network and share experiences. Another unique feature is one that many attendees jokingly refer to as the speed dating sessions. These sessions provide attendees up to 12 opportunities to have one-on-one, 25-minute interactions with the vendor partners that sponsor the event. This includes equipment manufacturers, software and technology providers, as well as paper manufacturers.

We spent a lot of time focused on new software workflow tools to improve the efficiency and accuracy of the increasingly complex effort to support dynamic content management, which drives one-to-one marketing with a digital press. I had several interesting conversations with a number of technology providers and will provide updates on these opportunities as we complete our due diligence and determine how we can incorporate the latest tools to enhance our service offerings.

The other area of focus this year was paper. There are several exciting advances in inkjet-compatible papers, such as heavier stocks at more market-competitive prices and more options for coated sheets with both matte and gloss finishes. Domtar, Mondi, and Finch all have upped their game in this area. Prices for these stocks continue to improve as demand grows and mills allocate more research and development dollars to this production segment.

Last but not least, all the major equipment manufacturers continue to improve their technologies. The overall print quality, color gamut of the inksets, and general reproduction on the latest generation of digital presses continue to make leaps forward. Of particular note, Screens new SC inkset and Canons ProStream press are taking inkjet print quality to new levels which is one reason IWCO Direct will be moving our Screen press to the new SC inkset this summer. We anticipate an improved color gamut and truer base hues that will drive even more precise color fidelity for our clients.

This past fall, we made a similar ink upgrade on our Canon ColorStreams with Canons new Chromera inkset. Canon also announced their new VarioPrint i200 sheetfed inkjet, which is the little brother of our i300. It provides smaller shops a lower cost entry to the color inkjet sheetfed market, broadening the accessibility of high-quality inkjet production technology.

Once again, the Inkjet Summit exceeded expectations and provided a great venue for learning, sharing, and networking with the top manufacturers of inkjet equipment, software, and paper, as well as networking with other leading service providers.

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Turning plastic to oil, this startup has a game-changer technology – Economic Times

Posted: at 3:31 am

By Anna Hirtenstein

At a garbage dump about 80 miles west of London, Adrian Griffiths is testing an invention hes confident will save the worlds oceans from choking in plastic waste. And earn him millions.

His machine, about the size of a tennis court, churns all sorts of petroleum-based products -- cling wrap, polyester clothing, carpets, electronics -- back into oil. It takes less than a second and the resulting fuel, called Plaxx, can be used to make plastic again or power ship engines.

"We want to change the history of plastic in the world," said Griffiths, the chief executive officer of Recycling Technologies in Swindon, a town in southwest England where 2.4 tons of plastic waste can get transformed in this way daily as part of a pilot project.

For financial backers including the U.K. government and more than 100 private investors, the technology could mark a breakthrough in how plastic is managed globally. The machine uses a feedstock recycling technique developed at Warwick University to process plastic waste without the need for sorting, a major hurdle that has prevented economically viable recycling on a grand scale.

Griffiths project is unique in that it doesnt target a specific type of plastic, but rather seeks to find a solution for the so-called plastic soup inundating the worlds water bodies. By 2050, plastic will outweigh fish in the oceans, according to a study presented at this years World Economic Forum by the Ellen MacArthur Foundation.

"It could be a real game changer," said Patricia Vangheluwe, consumer & environmental affairs director at PlasticsEurope, a trade association representing more than 100 polymer producers, including BASF SE and Dow Chemical Co. "This is a great way of getting plastics that you would not be able to recycle with current technology, or do that in an economic way, back into the circular economy."

At the moment, only about 10 percent of plastic gets reprocessed because its cheaper to pump new oil for petrochemical feedstock, especially after crude prices collapsed in recent years. The rest is incinerated, disposed in landfills, or dumped into oceans, releasing toxic chemicals that harm coral reefs and get swallowed by the marine life humans eat.

Many projects fail because they dont offer a big enough margin to make them viable, according to Nick Cliffe, innovation lead in charge of resources efficiency at Innovate U.K., one of two government agencies thats provided 2.6 million pounds ($3.4 million) of grants to Recycling Technologies.

"Recovering raw materials from the waste stream is the future," said Cliffe, whose team also finances projects that recover platinum from old electronics and calcium from eggshells.

A former car assembly-line designer, Griffiths wants to mass produce his machine, called RT7000, and then lease them. It can fit into five shipping containers, a fraction of the size of standard recycling systems. The idea is for it to be transported to the site of the problem, like a beach in a developing country where garbage washes up regularly and local recycling is limited.

Plastic Waste Factoring in a cost of 3 million pounds to install and 500,000 pounds annually to operate, Recycling Technologies expects revenue of 1.7 million pounds per year per machine, thereby recovering its initial investment in 2-1/2 years, he says.

"That was always the objective, to make a machine that could pay for itself, because then people will make the investment decisions and it can scale very quickly," said Griffiths, 48, who aims to have 100 RT7000s up and running by 2025. The county of Perthshire, Scotland will start using one in 2018 to turn 7,000 tons of plastic waste annually into 5,000 tons of Plaxx.

One recent afternoon at the Swindon plant, workers heaped plastic onto a conveyor belt via a tube. The materials move through a series of units that separate out stuff like rocks, dirt and caked-on food. Once thats done, the plastic enters a furnace-like box and is heated at around 500 degrees Celsius (932 degrees Fahrenheit) using hot sand-like particles that melt it into vapor.

The technique is similar to thermal cracking, whereby crude is transformed into gasoline and jet fuel, only a different material is used in heating that Recycling Technologies is in the process of patenting, according to technical director Mike Keast, a former oil refinery designer.

"We have to create new technology so we can both live how we want and not destroy the planet," he said, shouting to be heard over the screech of Coke and Sprite cans being pressed into cubes at an aluminum-can crusher next door.

The vapor is cooled at different temperatures to create one of three materials, each emerging from separate taps at the bottom of the machine. Out of one, a straw-colored light fuel that can be sold to petrochemicals companies. A second pumps out a heavier substance reminiscent of candle wax, similar to whats burned in ship engines. From the third, a thick brown wax that can be used to make shoe polish or cosmetics.

Griffiths says hes in talks with about five petrochemical firms for supply agreements, although he wouldnt give details. German chemical maker BASF, for one, expects feedstock recycling technologies will be "important supplement" to waste-treatment options, according to spokeswoman Christine Haupt.

While he and his staff of 22 are driven by a desire to protect the oceans, they concede that with plastic consumption set to double in the next 20 years, recycling must be profitable to make a difference. Griffiths next goal is to build a manufacturing facility.

"Im not a tree hugger," he said. "I dont think that you can change environmental things without it actually making money."

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Cognizant Technology Keeps Pushing Profits Higher – Motley Fool

Posted: at 3:31 am

Some companies post dramatic growth and wow investors with the pace of their gains. Yet much of the time, the most solid companies have less exciting but steady and dependable growth. That's been the case lately with Cognizant Technology Solutions (NASDAQ:CTSH), which is at the forefront of the shift toward digital IT services and has fought hard to maintain its competitive position in an increasingly cutthroat industry.

Coming into Friday's first-quarter financial report, Cognizant investors were looking for the company to keep improving its results bit by bit, and the company largely delivered on those expectations. Let's take a closer look at Cognizant and what its latest results say about its future.

Image source: Cognizant.

Cognizant's first-quarter results were consistent with its past performance. Revenue climbed 10.7% to $3.55 billion, which was slightly better than most of those following the stock had expected and was a higher pace from the fourth quarter of 2016. Adjusted net income came in at $669 million, up 5% from a year ago, and that produced adjusted earnings of $0.84 per share. That figure was $0.01 higher than the consensus forecast among investors.

Looking more closely at the report, Cognizant once again saw its best performance from its smallest business divisions. The communications, media, and technology segment enjoyed the fastest growth rate, seeing sales climb by nearly 17% compared to year-ago levels. The products and resources group almost matched that growth rate with 16% gain. Yet combined, the two segments make up just a third of Cognizant's overall revenue.

Growth rates for the rest of Cognizant's businesses were slower, but still strong. Healthcare enjoyed sales gains of nearly 10%, while the largest group, financial services, brought up the rear with a 7% growth rate. Healthcare saw sequential declines compared to the fourth quarter of 2016, but Cognizant's other units managed to keep their upward momentum.

From a geographical standpoint, Brexit once again made the U.K. Cognizant's weakest region, with sales falling 8%. But the rest of Europe made up for the U.K.'s shortfall, salvaging a nearly 7% revenue increase for the region as a whole. North America saw 11% gains in year-over-year revenue, while the rest-of-world region again saw the fastest growth, climbing by more than a quarter.

CEO Francisco D'Souza took the quarterly results as a milestone toward more important long-term goals. "We delivered solid results in the first quarter," D'Souza said, "and continued to build our digital solutions portfolio, expand our skills, and enhance our engagements with clients." The CEO is optimistic about the company's ability to move forward.

In particular, time is increasingly of the essence for the IT services provider to keep up with competitors. In D'Souza's words:

We're making good progress in accelerating Cognizant's shift to digital services and solutions to create value for clients and shareholders, positioning us well to achieve both our revenue and margin targets for this year.

Cognizant's guidance reflected some of that enthusiasm. For the second quarter, revenue should come in between $3.63 billion and $3.68 billion, with adjusted earnings of at least $0.89 per share. Cognizant kept its full-year guidance largely unchanged, with revenue still expected between $14.56 billion and $14.84 billion. The company boosted its adjusted earnings target by $0.01 and now believes it will earn at least $3.64 per share. The IT provider's estimates have generally been solid in the past, and they're consistent with what investors have expected from Cognizant.

Cognizant investors seemed reasonably happy with the report, and the stock climbed a bit more than 1% in pre-market trading following the announcement. Despite the importance of keeping pace in a fast-moving industry, Cognizant's steady growth is reassuring to many tech investors seeking more dependable long-term business models in which to invest.

Dan Caplinger has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Cognizant Technology Solutions. The Motley Fool has a disclosure policy.

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Are next-generation firewalls legacy technology? – Network World

Posted: at 3:31 am

By Jon Oltsik, Network World | May 5, 2017 12:13 PM PT

Jon Oltsik is a principal analyst at Enterprise Strategy Group ESG and has been quoted in the Wall Street Journal, Business Week, and the New York Times.

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A few years ago, next-generation firewalls (NGFWs) came out of nowhere to become a network security staple. These devices combined traditional L3/L4 packet filtering with deep packet inspection, IPS, and other network security services along with knowledge about users and applications. This broad functionality packaging changed the network security paradigmeveryone needed, or at least wanted a NGFW at the perimeter or within the internal network.

Fast forward to 2017, and the bloom is coming off the NGFW rose for several reasons:

Some of the issues and use cases cited here are fairly limited to advanced organizations (which represent somewhere between 15 and 20 percent of the overall enterprise market), so there is still a massive opportunity for NGFW players with mid-market organizations and most enterprises who lack the maturity and experience of more advanced cybersecurity firms. Nevertheless, these trends will persist, squeezing the NGFW market overtime.

Im not suggesting that NGFW vendors such as Check Point, Cisco, Forcepoint, Fortinet or Palo Alto Networks are in any imminent danger. As I mentioned, the market is in an early stage of transition, so bountiful opportunities remain. Over time, however, these organizations must alter their portfolio to offer software- and cloud-based network security alternatives to traditional firewall hardware.

Many are already doing so today. Cisco, Check Point and Fortinet have introduced network security architectures where services can live anywhere on the networksort of a modern-day network operating system (NOS) for network security. And, of course, a network security architecture should plug seamlessly into a security operations and analytics platform architecture (SOAPA).

The services that make up NGFWs are still necessary, and central management and operations is always worthwhile, but the thought of forcing all these things into some perimeter-based god box is looking more and more like a legacy solution. As Bob Dylan might say, "The times, they are a changin."

Jon Oltsik is an ESG senior principal analyst and the founder of the firms cybersecurity service.

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Are next-generation firewalls legacy technology? - Network World

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