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Daily Archives: May 30, 2017
The Tamar Yonah Show The Responsibility of Freedom! [audio] – The Jewish Press – JewishPress.com
Posted: May 30, 2017 at 2:20 pm
The Jewish Press - JewishPress.com | The Tamar Yonah Show The Responsibility of Freedom! The Jewish Press - JewishPress.com This show is ALL about the importance of the Jewish Holiday of Shavuot, a MOST important holiday! First, Shifra Hoffman, Founder of http://www.VictimsOfArabTerror.ORG and Director of http://www.Shuva.net joins Tamar and talks about 'The Original Road Map for the ... |
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The father of Android says it has ‘forced us to fight’ with technology – The Verge
Posted: at 2:19 pm
Heres the big question for Andy Rubin, widely known as the father of Android: whats next? The answer, in part, is that his new company is announcing an entire ecosystem of products that will work together: an intelligent assistant device for you home, a 360 camera, and (of course) a phone. That last one runs Android, which is what youd expect from any new phone maker.
The company he started to make all this is called Essential. In a blog post explaining why it exists, Rubin tells a typical founder story: going out for the night with a friend, talking about the state of technology and how to fix it. Funny thing, though, is that one of the problems he sees with the state of tech today involves the OS he helped create, Android:
For all the good Android has done to help bring technology to nearly everyone it has also helped create this weird new world where people are forced to fight with the very technology that was supposed to simplify their lives. Was this what we had intended? Was this the best we could do?
Rubins new phone, the Essential Phone, is, of course, based on that very operating system. But its probably safe to assume that it will either try to simplify Android somehow or that its just a stopgap until its viable for Essential to ship a phone running its other system, Ambient OS. Or maybe both or neither! Rubins statement seems to serve both as a mea culpa and as a platform to launch something better.
We dont know yet whether the Essential phone or Ambient OS will mean less fighting with technology or whether Rubin is planning on building more on top of Android or supplanting it. Presumably some of those questions will be answered today as he speaks at the Code conference.
What we can say is this: Rubin has some core principles for his company that would make the two-billion-device Android ecosystem a lot better. Here are a few of his bullet points that seem relevant:
Devices are your personal property. We wont force you to have anything on them you dont want to have.
We will always play well with others. Closed ecosystems are divisive and outdated.
Devices shouldnt become outdated every year. They should evolve with you.
Those principles all make sense, but theyve also been damnably hard to live up to in a world where carriers not only hold back updates, but also enmesh themselves into the very operating systems of the phones they sell. Even powerhouses like Samsung struggle to ship their phones without carrier software loaded on them. Plenty of Android makers have shipped clean, unlocked phones without extra crapware on them, promising prompt updates. Most of them have languished in obscurity.
But just because a problem is hard doesnt mean its impossible. Well be watching to see how Essential tackles it.
Andy Rubin will be onstage tonight at Code. You can watch it live starting at 6PM PT / 9PM ET.
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Meet the $2.5 Billion Venture Firm You’ve Never Heard Of – Fortune
Posted: at 2:19 pm
This article first appeared in Term Sheet, Fortunes newsletter on deals and dealmakers. Sign up here.
Access Technology Ventures is not a household name in Silicon Valley. But in just two years, the New York-based firm has quietly managed to get a piece of numerous hot pre-IPO unicorn startups. Now the firm is taking steps to formalize its previously ad-hoc investing strategy and speaking publicly about it for the first time to Fortune .
Access Technology Ventures is the venture capital investing arm of billionaire industrialist Leonard Blavatnik. The firm is lean, with 12 investment professionals managing $20 billion of Blavatniks money. Until 2015, any startup investing was done randomly, based on Blavatniks connections and investment ideas. He backed Facebook, Square, Snap, Yelp and Alibaba before their IPOs, as well as current IPO candidates like Spotify. The firm even managed to earn a return on its investment in Zynga.
Managing Director Pueo Keffer joined Access Technology Ventures in 2015 from Redpoint Ventures with a mandate to formalize Access startup investing activities. Len has an amazing nose for investments, Keffer says. Historically thats served us really well. My job has been to institutionalize that and add a layer that takes advantage of Lens connections and also define a strategy.
The first step was to spin out the venture arm into a discreet fund with $2.5 billion under management. Access Technology Ventures now makes $200 million to $500 million worth of investments each year, depending on the opportunities. The fund is structured more like a hedge fund with permanent capital than a traditional ten-year venture fund. That allows it to take a long view of investing, and to write large checks from $30 million to $100 million, all the way up to $1 billion (though Keffers portfolio has not yet done any deals of that size). Unlike most traditional venture investors, Access holds its investments in companies for around five years after they go public. The firm exited its Facebook ( fb ) holdings in late 2015, but it remains an investor in Snap, Square, Yelp, 58.com, Alibaba and Rocket Internet.
Keffer says Access is looking for foundational companies that scale. Filtering opportunities by the size, combined with a strong team, strong market, strong unit economics and strong early traction has been uniquely liberating and challenging approach, Keffer says. Notable deals include an $83 million Series B investment in DigitalOcean, a New York City-based cloud company, and $80 million for OpenDoor, a buzzy real estate startup that buys and sells houses. The firm prefers to make primary investments in companies with at least 100% year over year revenue growth.
Access has been taking a more active role in its deals, sitting on occasional board seats and calling portfolio company executives every quarter to be strategically helpful, Keffer says. We view it as a partnership regardless of whether its private or public. Access has passed on deals that were only about money, with no relationship, he says.
One recent example of the firms more active role: OpenDoors business of buying and selling houses means it needs access to capital. When Access invested, OpenDoors capital markets team was nascent, and the firm helped the company build it out, thanks to connections from the firms multi-billion real estate group. If theyre having a hard time with a discussion with a Wells Fargo or a Goldman or a Deutsche Bank, we can call the right person and help facilitate that dialogue, Keffer says. We have billions of dollars of outstanding leverage with these institutions, he says. A normal venture firm wouldnt have [that].
So with no brand and little PR, how does Access get access to deals? It helps to be one of the few places writing checks of that size, especially as mutual funds like Fidelity and T. Rowe Price and hedge funds like Tiger Global slowed their pace of late stage startup investing. (Now the late-stage competition comes from sovereign wealth funds and SoftBanks giant Vision Fund.) Access touts its hybrid approach: We can write big checks, and we are active investors, too.
The firm has also worked Blavatniks connections, particularly in the music industry. (An affiliate of his acquired Warner Music in 2011.) Access since backed Beats, Spotify and Deezer.
Blavatnik, who is 59, is not planning to retire anytime soon, Keffer says. But this move of hiring someone to formalize a strategy around a key person is a tricky challenge faced by all firms led by visionary investors. SoftBanks attempt to institutionalize Masayoshi Sons investment instincts didnt go as planned , for example. Keffer says his role is Less of trying to build something that recreates Len and moreso us trying to recreate a vision that aligns well with his fundamentals.
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3 Higher Ed Lessons from the British Airways Technology Meltdown – Inside Higher Ed (blog)
Posted: at 2:19 pm
3 Higher Ed Lessons from the British Airways Technology Meltdown Inside Higher Ed (blog) It will be fascinating to learn what really happened at British Airways that caused its technology to fail - and how this failure grounded almost all operations. The CEO, Alex Cruz, has blamed the outage on a power surge. Critics of Cruz point out ... |
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Three digital challenges facing technology organisations – Econsultancy (blog)
Posted: at 2:19 pm
Econsultancy (blog) | Three digital challenges facing technology organisations Econsultancy (blog) Based on a sample of over 900 respondents working in the technology sector, the report investigates how committed tech organisations are to digital transformation, as well as how this impacts their wider customer experience strategy. Despite a digital ... |
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Technology Poised To Help Store Associates, Not Replace Them – Forbes
Posted: at 2:19 pm
Forbes | Technology Poised To Help Store Associates, Not Replace Them Forbes Reports of robots taking over retail jobs have been greatly exaggerated. I'm talking about a recent report by Cornerstone Capital Group claiming that some 7 million retail jobs could be at risk from the threat of automation. Myself and fellow Forbes ... |
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Donald Trump’s Border Wall: A ‘Progress’ Report – NBCNews.com
Posted: at 2:19 pm
This undated rendering provided by DarkPulse Technologies Inc. shows a proposed border wall between Mexico and the U.S. The wall proposed by the Arizona-based company would be constructed with ballistic concrete that can withstand tampering or attacks of any kind, according to founder Dennis O'Leary. "You could fire a tank round at it and it will take the impact," he told The Associated Press. AP file
Trump promised voters "a big, beautiful wall." But it might not look like a wall at all. It might look more like the 694 miles of fencing already built.
The CBP proposal requirements indicated that the wall would have to be at least 18 feet high and able to withstand significantly physical force, prevent climbing and tunneling and be aesthetically appealing on the American side.
There's some indication that fencing may indeed rule the day. Touting the funding secured to repair 40 miles of existing border fencing secured in the omnibus-spending bill Congress passed this month, Office of Management and Budget Director Mick Mulvaney showed images of 20-foot cyclone fencing and told reporters this kind of steel fencing might be the "wall" in the end.
"This is the wall that DHS said they wanted, sat in the Oval Office with the president, we talked about bricks and mortar, we talked about concrete, and this is what they wanted," Mulvaney said, noting that the DHS believes see-through fencing is safer for border agents. "It's also half of the cost, so we can build twice as much of it."
This is where things get messy.
Much of the nearly 2,000 mile-border is
"Are people concerned about the federal government coming in and trying to grab their land? Yes, they are." Texas Rep. Will Hurd told NBC News. The Republican congressman's district stretches 820 miles along the southern border. "Private property rights are pretty damn important to us."
The last time the federal government built up fencing along the southern border with the Secure Fence Act of 2006, eminent domain laws were used to buy up a significant amount of land, often at a discount of the land's value.
The Trump administration is revving up for a similar fight. The
"I think
As a businessman, he infamously used it to try and force an elderly widow to sell her property so he could build a parking lot for limousines. He lost the case.
That's the multi-billion-dollar question.
"Walls work, just ask Israel," the president said last week at a joint presser with the Colombian president, in his most recent public remarks about his signature promise to America. The administration is quick to note that illegal border crossings are down significantly this year.
Critics say it's a really expensive way to secure the border, which could be more cheaply done with technology, border agents and fencing.
"My goal is that when we look at border security, we do not have a one size fits all solution, we look at every mile of the border differently than we looked at the one before it," Hurd said.
Existing fencing has not, so far, stopped immigrants from crossing the border. Existing fencing was
(CORRECTION: May 30, 2017, 9:50 a.m.) An earlier version of this article misstated the cost and composition of the proposed border wall. The per-mile cost of the wall ranges from $1 million to $21.6 million for a barrier that includes fending, non-concrete barriers and concrete, not just for concrete.
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Germany’s Merkel calls for faster progress on EU-India trade deal – Reuters
Posted: at 2:19 pm
BERLIN May 30 Germany will push hard in Brussels for progress to be made on a free-trade agreement between India and the European Union, Chancellor Angela Merkel said on Tuesday in a speech warning of growing "protectionist tendencies" worldwide.
"It's important to us that we make progress on the German-Indian, or rather EU-Indian free trade agreement," she said at a Berlin business forum where she shared a platform with her Indian counterpart Narendra Modi. "We will do a major push in Brussels to ensure that these negotiations progress again."
Her remarks come after U.S. President Donald Trump repeated his criticism of Germany's trade surplus with his country, tweeting that the "MASSIVE" U.S. trade deficit with Europe's largest economy "will change".
Modi told the forum that economic collaboration between Germany and India was still "below full potential".
(Reporting By Thomas Escritt, Editing by Michelle Martin)
* Fitch on maldives' usd bonds -expected rating is in line with maldives' long-term foreign-currency issuer default rating (idr) of 'b+' with stable outlook Source text for Eikon:
NEW YORK, May 30 A U.S. rate hike is probably coming soon though the Federal Reserve may want to delay if recently soft inflation readings continue, an influential Fed governor said on Tuesday, adding she also backs shrinking a bond portfolio "before too long."
SAO PAULO, May 30 Latin American currencies seesawed on Tuesday as falling oil prices and a strong batch of U.S. economic figures fueled caution among traders. Signs of a resurgence in Libya's oil output reignited concerns over global oversupply, hammering prices of crude futures. The slump dampened demand for commodity-linked assets, with oil-heavy Colombia's peso down 0.3 percent. Investors also dialed back bets on a slow pace of U.S. interest rate hikes after U.S. cons
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U-20 World Cup 2017 Results: Portugal, Venezuela Progress to Quarter-Finals – Bleacher Report
Posted: at 2:19 pm
Portugal cruised past host nation South Korea 3-1 in the last 16 of the FIFA Under-20 World Cup on Tuesday.
The Selecao were clinical early on, as goals from Bruno Xadas and Bruno Costa gave them a two-goal lead at the break. Xadas added his second midway through the second period to make the game safe, before Lee Sang-Heon snatched a consolation.
Earlier in the day, Venezuela continued their impressive form at the tournament, as they eventually overcame Japan 1-0 after extra time. Manchester City youngster Yangel Herrera netted the winner in the 108th minute.
Three more quarter-finalists will be determined on Wednesday, as Uruguay take on Saudi Arabia, England face Costa Rica and Zambia go up against Germany.
Here's a reminder of how the action panned out at the tournament on Tuesday.
Tuesday Recap
With a sizeable home crowd in attendance, Portugal would have been keen to put together a strong start and sap any buzz from the atmosphere. And they did exactly that with a brilliant display.
A fluid move gave the Selecao the lead, with Xadas applying the finishing touch. And while the host nation responded well to the early setback, Portugal pounced on the break to score for a second time, with Costa lashing home from 20 yards.
As noted by sports journalist Tom Kundert, from that point on the European side were in total control of the match:
In the second period, South Korea needed to make their possession count a little more, but they lacked the conviction needed to get back into the game. And eventually it was Xadas, outstanding throughout, who made the game safe with a brilliant individual goal.
Scouted Football was impressed with the performance of the young Portuguese:
The hosts did at least give their supporters something to cheer late on, as Lee gave the scoreline a more respectable look. Portugal, meanwhile, will face either Saudi Arabia or Uruguay in the last eight.
In the day's early fixture Venezuela had to bide their time against Japan but eventually came through late on.
The Vinotinto were the standout side in the group stages of the competition, putting together three consecutive wins. But they were frustrated by a determined opponent for long spells here.
Adalberto Penaranda, Yeferson Soteldo and Ronaldo Pena were all threatening for Venezuela early in the game, but they couldn't apply the decisive touch in front of goal. Japan did offer a threat on the counter and particularly from set pieces, with Ritsu Doan rattling the bar.
Still, neither side could find a breakthrough in normal time and after another goalless 15 minutes in extra time, penalties loomed. Herrera saved the Venezuela supporters from that torture, though, heading home a corner with 12 minutes on the clock.
Sports journalist David Cartlidge was impressed with the performance of the South Americans and particularly that of Herrera:
The cohesion the team have showcased at this tournament so far was able to see Venezuela through to a memorable win; it's the first time they've ever made the quarter-final of the competition.
Next up for them will be the winner of Thursday's tussle between New Zealand and the United States.
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Pi Owner Talks Expansion, City Progress – CBS St. Louis
Posted: at 2:19 pm
CBS St. Louis | Pi Owner Talks Expansion, City Progress CBS St. Louis If we could get a combination of Civic Progress and St. Louis Development Corporation together to build a public-private partnership, and use the resources that those companies have and those individuals have, working alongside civic city government ... |
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