Monthly Archives: June 2017

Are Foundations Part of the Resistance? Challenges to Elite Donors in a Neo-Populist Age – The Nonprofit Quarterly (registration)

Posted: June 1, 2017 at 10:36 pm

The neo-populist wave that swept Donald Trump to power poses at least three challenges to elite philanthropy, which we define as both wealthy individual donors and foundations.

The first challenge is that elite philanthropy owes its wealth to an economic system at the heart of the neo-populist critiquean economic system based on job-draining automation, on job-redistributing processes of globalization, and on neoliberal policies. Second, much elite philanthropy embraces strategies driven from the top down by donors and cosmopolitan technocrats, whom neo-populists view with suspicion or even disdain. The third challenge is that elite philanthropy tends to focus on public problems (e.g., climate change) and constituencies (e.g., poor people of color, feminists, environmentalists, immigrants) that many neo-populists view as opponents in a zero-sum contest for societys benefits. These three factorsthe indebtedness to neoliberalism, the prioritization of elite approaches, and the orientation toward post-materialist progressive causeswould seem to put much philanthropy at odds with the political zeitgeist.

And yet, even as philanthropy faces these challenges, its legitimacy interests and moral commitments call it to action. At their best, philanthropic patrons help cultivate democratic norms and practices within civil society, thereby empowering citizens to live peaceably together and to counter antidemocratic moves by the state. Scholars have long observed philanthropys role in helping nondemocratic countries democratize, but philanthropy may be equally important in preventing established democracies from backsliding. In the present context, asTed Lechterman has argued, donors find themselves in the throes of a dilemma between redressing the democratic deficits that have given rise to contemporary populism and taking a forceful stand against the waves anti-democratic impulses. What are donors to do?

We have been monitoring how the largest foundations, their leaders, and the nations most generous philanthropists have been answering this question. Since January, we have followed 20 of Americas most generous independent foundations (the Top 23 by giving in 2014, minus two that have effectively no web presence and one that has ceased operations). We have examined what they have proposed formally about any changes in programming relevant to the initiatives of the new administration. This data collection effort includes what foundation leaders have said in interviews, speeches, and tweets; whats been said in articles about these philanthropies; and what the foundations have posted on their web sites. Our assessment focused on new initiatives and programs or statements of intent to establish new programs; statements or restatements of core values were not considered indications of change. We also have reviewed public statements and tweets by more than 100 leading individual philanthropists with major policy interests, those whom Goss has termedpolicy plutocrats.

Regarding the big foundations, almost all of them support causes threatened by the new administration, including environmental and climate protection, internationalist foreign policy, assistance to the poor, and the rights of marginalized groups. These (mostly progressive) foundations give away billions each year, and we might expect some of these dollars to be redirected toward the emerging resistance movement. Nevertheless, what we have found in our initial research (through May 1st) is that few foundations are shifting programmatic resources toward contesting those Trump initiatives that run directly counter to foundation priorities. One can review major foundations websites and see not the slightest hint of trouble in the policy areas they work on. For example, the Packard Foundation is a forceful proponent of arresting global climate change, yet theres not a word on its website about the Trump administrations hostility to climate change regulation. There could not be a more passionate advocate of expanding healthcare to all than the Robert Wood Johnson Foundation, but you wouldnt know the Affordable Care Act is under attack from the foundations formal statements.

Thinking beyond particular policy issues, philanthropy is a critical element in the American system of interest articulation and representation. Philanthropic dollars support civil society organizations, which provide a voice to everyday people. The election has provoked a surge in democratic engagement as evidenced by large and sustainedprotest marches, booming membership in legacy organizations such as theLeague of Women Voters, and theformation of political organizationsurging constituents to speak out and even run against their elected officials. Spontaneous individual donations of money and time have fueled this surge in engagement, yet thus far there is little evidence that leading foundations see a new or expanded role for themselves in these movements.

To be sure, some leading philanthropies and their donors have responded to the times. They have done so by verbally affirming their support for progressive causes, by providing new funds to organizations representing those commitments, or both. In terms of funding, the Rockefeller Foundationhas given $1.5 millionto buttress civil rights and liberties, the California Endowmenthas allocated $25 millionto support healthcare for vulnerable children, and the Bill and Melinda Gates Foundationhas pledged $20 millionfor reproductive health organizations harmed by the revived global gag rule. Pierre Omidyar has announceda $100 million effortto shore up journalism, and George Soros haspledged $10 millionto combat hate crimes. Likewise, the Center for Effective Philanthropy found ina recent surveythat almost 30 percent of 162 foundation CEOs intended to make changes in light of Trump administration initiatives. Its possible that such changes havent been implemented yet. Perhaps Americas foundations are lumbering giants that just move slowly.

Wealthy individuals responses to the new administration are harder to track but nevertheless instructive. Beyond the contributions of Omidyar and Soros, we found little trace of new donations by policy plutocratsperhaps because they have chosen not to make their contributions public. However, a small but critical mass of these individuals has taken to the media, including Twitter, to publicly challenge the Trump administration. Some, includingBill GatesandRichard Bransonhave reaffirmed support for policies that the administration may threaten, such as U.S. foreign aid and the Paris Agreement on climate change. Others, includingMarc BenioffandNicolas Berggruen, have criticized the administration for undermining traditions of diversity and inclusion. And still others, includingPierre OmidyarandTom Steyer, have blasted specific Trump policies and framed the administration as a threat to the Constitution and rule of law. Supporters of Trump, includingCarl IcahnandT. Boone Pickens, have largely praised the presidents early moves, including his inaugural speech and Cabinet appointments. Although we cannot determine if donors have backed their statements with contributions to charities and advocacy organizations, it is reasonable to assume at least some have done so.

As we continue our research, we are especially interested in whether philanthropies will reorient their givingand their public voicein a sustained way to counter threats to a high-functioning, civil, and inclusive democracy. Such grantmaking might entail a deeper commitment to constituencies left especially vulnerable by domestic and global developmentsor it might entail new commitments to strengthening the norms and institutions of democracy itself. These two approaches have areas of overlapdefending liberty for some protects liberty for all, for example. But these approaches also reveal different perspectives on the fundamental challenges of our age. The hopeful perspective is that democracy is a flawed system that needs a little boost; the pessimists view is that democracy is existentially threatened. As this larger debate swirls around us, few leading foundations and philanthropists appear to be grasping what may be at stake.

This essay was initially published by HistPhil in its series, Political Scientists and Philanthropy.

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Are Foundations Part of the Resistance? Challenges to Elite Donors in a Neo-Populist Age - The Nonprofit Quarterly (registration)

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Summer Concert Guide: 31 can’t-miss shows, from Kendrick Lamar to U2 – Washington Post

Posted: at 10:36 pm

By Going Out Guide staff By Going Out Guide staff June 1 at 1:00 PM

In the age of Spotify streams and surprise albums, it seems that the only reassuring constant in music is the summer concert season three reliably glorious months of sprawling crowds and splashy pyrotechnics, all beckoning us back to outdoor pavilions and football stadiums for singalongs on a massive scale.

Proof: U2 returns as one of this summers most coveted tickets, filling FedEx Field to capacity to mark the 30th anniversary of its landmark album, The Joshua Tree. Hall & Oates, unironically beloved by a new generation of fans, is here, too, this time pairing with fellow 1980s hitmakers Tears for Fears at Verizon Center. Lindsey Buckingham and Christine McVie, better known as one-half of Fleetwood Mac, will belt out the favorites at Wolf Trap, while Jiffy Lube Live will lure crowds with country-music heavyweights Chris Stapleton and Lady Antebellum.

Not every big show, of course, takes place under the stars. Mark your calendars for Kendrick Lamar, who gave Coachella fans a captivating glimpse of the performance-art staging of his tour, soon arriving at Verizon Center; and the D.C. Jazz Festival, which spreads across the city this month, including the air-conditioned halls of the Kennedy Center.

Which performer will provide the soundtrack to your summer? Read on for our guide to the seasons most anticipated concerts.

Jump to: Rock/Pop | Hip hop/R&B | Country/Americana | Perennial favorites | Buzzy artists | Jazz/blues

U2 On its current international stadium jaunt, U2 is looking back 30 years to its landmark 1987 album, The Joshua Tree. Its no surprise at this point that shows on the tour, launched in May, feature a full reading of the record, which includes the chart-topping anthems With or Without You and I Still Havent Found What Im Looking For. But Bono and company have been keeping it interesting with additional hits, intriguing visuals and special guests, such as Eddie Vedder in Seattle. The band has also been offering a glimpse of whats on the horizon by including the new song The Little Things That Give You Away in recent set lists. Jedd Ferris See them: June 20 at FedEx Field. Sold out. Tickets available on the secondary market.

Gorillaz Damon Albarn, the leader of the Britpop band Blur, started Gorillaz as a fun side project. This cartoon band reimagined the Archies as angst-haunted adults, with Albarns partner, Jamie Hewlett, creating the spooky anime. Humanz, the first new album from Gorillaz in seven years, was released in April with multiple guest stars ranging from Vince Staples to Mavis Staples, all performing atop Albarns minimalist synth figures and looped beats. Some, but not all, of the guests showed up at the first few shows to support the record, and it was a different cast each time. The center of attention, though, was always Albarn, whose ringmaster role gave the shows more cohesion than the album, which resembles a typical mix tape, widely varying in styles and quality. Geoffrey Himes See them: July 17 at Merriweather Post Pavilion. $49-$199.

Feist No one could have predicted that, after toiling in the indie-rock world for more than a decade, Leslie Feist would find global success thanks to an iPod commercial. Thats exactly what happened in 2007, when the addictive 1234 propelled Feist to new heights, but success wasnt without its pitfalls namely, emotional exhaustion that prompted her to abandon music for two years. When she returned, she ran away from the poppy, if accidental, commercialism and slowed her world down with the dour, muted Metals. On Pleasure, her first album in six years, the spirit of quiet introspection of Metals is intact, but rather than strictly subtle, Feist occasionally grabs a live wire of ragged rock energy, strumming and singing past any remaining expectations. Chris Kelly See her: June 7-8 at Lincoln Theatre. $45. June 7 show is sold out.

Fleet Foxes Initially compared to Simon and Garfunkel for its tuneful harmonies, this Seattle-based modern folk group has developed an ethereal yet lush sound over the past decade that is completely its own. Fleet Foxes growing influence has reverberated throughout the ever-expanding genre, despite a six-year gap between albums and the 2012 departure of drummer Josh Tillman, who has remade himself as Father John Misty. The groups new album, Crack-Up, scheduled to be released this month, is arguably its strongest to date. Expect a full unveiling when the band takes the stage at Merriweather alongside the restlessly inventive Animal Collective, which has recently been veering toward pop. Christopher Kompanek See them: July 29 at Merriweather Post Pavilion. $41-$56.

Belle and Sebastian, Spoon, Andrew Bird This triple-headlining bill is the stuff of music-geek dreams. From Belle and Sebastians well-made melancholic songs to Spoons impossibly tight soulful grooves and Andrew Birds genre-defying brilliance, this mini-fest promises to be an epic day of indie rock. Expect Belle and Sebastian to play a couple of songs off their rumored upcoming album. Bird is as unpredictable live as he is consistently good; a recent Carnegie Hall show had him sharing the stage with Schoolhouse Rock composer Bob Dorough, mandolinist Chris Thile and avant classical pianist Gabriel Kahane. A jam with Britt Daniel and company of Spoon would be a fitting climax for this show. C.Ko. See them: July 30 at Merriweather Post Pavilion.$45-$55.

Kendrick Lamar On his previous two albums, Kendrick Lamar explored concepts political and personal, general and specific, recounting a day-in-the-life on the streets of Compton on Good kid, m.A.A.d city and paying tribute to the history of black music and the Black Lives Matter movement on the expansive To Pimp a Butterfly. From its title on down, his latest effort, DAMN., is blunt and belligerent. Abandoning the embellishments of his last album, Lamar returned with a hit parade of songs with all-caps titles that announce themselves like Hollywood signs in the collective consciousness. His palpable anger is focused with a laser sight, and hes as self-assured as ever. As he boasts on hit single HUMBLE., Im the realest n***a after all. Chris Kelly See him: July 21 at Verizon Center. Sold out. Tickets available on the secondary market.

[Is Kendrick Lamar the greatest of all time? (Don't ask. Listen.)]

John Legend John Legend begins his latest album, Darkness and Light, by singing, Some folk do what theyre told, but, baby, this time I wont. Building on his track record as a progressive-soul singer-keyboardist in the lineage of Stevie Wonder and Donny Hathaway, Legend pushes the limits of his established persona by working with rock producer Blake Mills (Dawes, Alabama Shakes), recording with Who bassist Pino Palladino and jazz keyboardist Larry Goldings, and co-writing songs with Mills, Bonnie Prince Billy, Zwans Matt Sweeney and One Direction producer John Ryan. These experiments dont dramatically alter Legends sound so much as they open it up to more impressionistic lyrics and music. Geoffrey Himes See him: June 20 at Merriweather Post Pavilion. $59-$499.

Chance the Rapper With last years Coloring Book, Chance the Rapper made the leap from promising upstart to voice of his generation. The Chicago talent took the gospel flirtations of The Life of Pablo, by his mentor Kanye West, and turned them into an album of full-on gospel-rap paeans. In February, Chance won the Grammy for best new artist, but in the same way that rapper doesnt fully capture the extent of his musical gifts, artist doesnt cover his pursuits. The 24-year-old has quickly become an able activist meeting with the governor of Illinois, donating $1 million to Chicago public schools so catch him onstage while you still can. C.Ke. See him: June 4 at Jiffy Lube Live, $59.50-$119.50. June 6 at Royal Farms Arena, $106.50-$116.50.

Summer Spirit Festival For the 12th consecutive year, the Summer Spirit Festival returns to Merriweather Post Pavilion with a two-day adventure soundtracked by the best of R&B, neo-soul, hip-hop and everything in between. As ever, the festival is heavy on nostalgia, with the legendary Kenny Babyface Edmonds, 90s girl groups SWV and En Vogue, and influential rap trio De La Soul anchoring the bill. But the festival isnt just a jaunt down memory lane: It also features Bronx hybrid Tish Hyman and neo-neo-soul band the Internet, which makes the kind of old-meets-new music that will soundtrack the Summer Spirit Festivals of the future. C.Ke. See them: August 5-6 at Merriweather Post Pavilion. $54-$1,170.

J. Cole After teasing his retirement last summer, J. Cole returned in December with a documentary and a pair of songs, False Prophets and Everybody Dies, that immediately captured the rap zeitgeist. Largely read as diss tracks aimed at Kanye West and such newcomers as Lil Yachty and Lil Uzi Vert, respectively, the songs collectively served as a marker for where Cole sees his place in the rap game: as a wise-beyond-his-years protector of the genre. Its a pose he assumed on his latest album, 4 Your Eyez Only, an introspective and mature offering that burnished his credentials as a rap classicist with plenty of stories to tell before his (eventual) retirement. C.Ke. See him: Aug. 8 at Verizon Center. $49.50-$125.50.

Jason Isbell and the 400 Unit Following his Grammy-winning 2015 effort, Something More Than Free, country-rock tunesmith Jason Isbell decided it was time to crank up his guitar amp. On his new album, The Nashville Sound, which comes out June 16, Isbell rocks harder than he has since his days as a member of Drive-By Truckers. Standout Cumberland Gap is a fuzzy scorcher that still allows the songwriters usual vivid lyrics, full of blue-collar Southern imagery, to surface. The new material will be well served onstage in the hands of Isbells seasoned band, the 400 Unit. Hell be supported this summer by the Mountain Goats, the long-standing, folk-punk cult heroes from North Carolina. Jedd Ferris See them: June 30 at Merriweather Post Pavilion. $40-$55.

Lady Antebellum Near the end of Lady Antebellums 2015 Wheels Up Tour, the country trio announced that it would be taking a 1 1/2-year hiatus. During that time off, Charles Kelley released a hot-country solo album, The Driver, and then Hillary Scott released a Christian-pop album, Love Remains. Each album rose to No. 2 on the country charts, although neither yielded a top-25 country single. Country radio clearly preferred the three-part harmonies of Kelley, Scott and Dave Haywood, and though the groups reunion album, Heart Break, wont be released till next week, the albums first single, You Look Good, has already hit the country top-10. Kelsea Ballerini and Brett Young are also on the bill at Jiffy Lube Live. G.H. See them: June 24 at Jiffy Lube Live. $33-$66.25.

Lucinda Williams, Mary Chapin Carpenter When Lucinda Williams played Annapoliss Rams Head On Stage in May, the singer-songwriter played songs from all phases of her career: from Changed the Locks, off her 1988 self-titled breakthrough album, to The Ghosts of Highway 20, the title track from last years late-career-triumph album. When she returns to Wolf Trap in August, she will headline the show with Mary Chapin Carpenter, who turned Williamss Passionate Kisses into a top-five country hit in 1993. Carpenter, who got her start in Washingtons coffeehouses, had an even bigger country hit in 1991 with Down at the Twist and Shout, a song she wrote about the legendary nightclub in Bethesda. Geoffrey Himes See them: Aug. 12 at Wolf Trap. $28-$60.

Chris Stapleton Chris Stapleton proved people were still willing to pay for an honest tune when he sold more than 2 million copies of his 2015 debut solo album, Traveller. Last month, the gritty troubadour with a revivalist spirit unveiled the highly anticipated follow-up, From A Room: Volume 1, which debuted at the top of the country charts. Delivering honest, dusty ruminations with a hearty, soulful voice, Stapleton once an in-demand Music Row songwriter is now a modern outlaw headlining the countrys big stages. This summer hes fronting the All-American Roadshow, a package tour with a rotating cast of supporting Americana acts (Anderson East and Brent Cobb at this tour stop). J.F. See him: July 22 at Jiffy Lube Live. $30.75$70.75.

Greensky Bluegrass After a successful three-night stand at the 9:30 Club in the winter, jam-friendly string band Greensky Bluegrass is returning to the area to headline a new boutique amphitheater, Chrysalis, in Columbia. Nestled in the woods near the much-bigger Merriweather Post Pavilion, the venue features a bright green sculpturelike stage and an open lawn with standing room for 7,000 people. Greensky, which has built a loyal following across the country for its dynamic live shows, will be supported by fellow string expansionists Leftover Salmon, a band that blends bluegrass with Cajun rhythms and full-throttle rock grooves. J.F. See them: July 22 at Chrysalis-Merriweather Park. $40.

Paul Simon When singer-songwriter Paul Simon played in Queens, his childhood home, last summer, he hinted that it might be his final tour. While hes back at it this summer, the 75-year-old legend is donating all proceeds from this 17-show stint to the Half-Earth Project, scientist E.O. Wilsons biodiversity preservation initiative. From the intimate early Simon and Garfunkel songs to the syncopated levity of Graceland, Simon has a talent for capturing a persistent human longing. A thread of elusive searching flows through his songs, from Homeward Bound to 50 Ways to Leave Your Lover. Sarah McLachlan opens this show with her own brand of deeply emotional tunes. Christopher Kompanek See them: June 9 at Merriweather Post Pavilion. $55-$175.

Lindsey Buckingham and Christine McVie Lindsey Buckingham and Christine McVie arent the most famous members of Fleetwood Mac, but the songs they wrote for the band are certainly memorable. Buckingham penned the earworms Go Your Own Way and Second Hand News, while McVie wrote Dont Stop and Songbird, a gorgeous ballad that features her lead vocals. The two recently teamed up outside of Fleetwood Mac to write and record a new album, Lindsey Buckingham/Christine McVie, due out early this summer. On this tour, the duo will perform songs from those new recordings as well as their old hits. Catherine P. Lewis See them: June 26 at Wolf Trap. $45-$95.

Hall & Oates Hall & Oates werent about albums. They were about radio singles, but their hits were some of the most exquisitely crafted and emotionally satisfying songs of their era. They were incredibly prolific; while Bruce Springsteen was releasing eight albums in the 70s and 80s, Hall & Oates released 15. Anyone who listened to the radio in those two decades will experience a small flush of pleasure at the mere mention of such titles as Sara Smile, Rich Girl, Kiss on My List, I Cant Go for That (No Can Do) and Did It in a Minute. The duo scored 28 top-40 hits between 1976 and 1988, including six No. 1s. Theyre joined on this tour by Tears for Fears. Geoffrey Himes See them: June 26 at Verizon Center. $35-$129.50.

Merriweather Post Pavilions 50th Anniversary Concert Its unusual for a live performance to become a hit single; its so difficult to control the sonic qualities of a concert recording compared to a studio session. One of the most famous exceptions to this rule was Jackson Brownes 1977 live album, Running on Empty, which yielded not just one but two top-20 Billboard singles: the previously unreleased title track and the remake of Maurice Williams & the Zodiacs 1960 doo-wop classic Stay. The album was assembled from recordings at different stops on the 1977 tour, but both singles came from the Merriweather Post Pavilion in Columbia. How better to celebrate the 50th anniversary of the venerable outdoor venue than with a return visit by Browne, joined by another Merriweather perennial, Willie Nelson, and two more recent regulars: Father John Misty and Grace Potter? G.H. See it: July 15 at Merriweather Post Pavilion. $55-$125.

Queen with Adam Lambert Sometimes, coming in second place isnt so bad. Adam Lambert, the American Idol runner-up (to Kris Allen in 2009), makes the perfect frontman for classic rock icons Queen. During time off from his solo career, Lambert has teamed with active Queen members Brian May and Roger Taylor for several tours; his soaring range, theatrical delivery and flamboyant personality help him fill Freddie Mercurys seemingly inimitable shoes. Even more perfect? Lambert used Queens Bohemian Rhapsody as his initial American Idol audition song and performed alongside May and Taylor on the show. C.P.L. See them: July 31 at Verizon Center. $49.50-$175.

Gloria Trevi, Alejandra Guzmn For decades, Mexican rock stars Gloria Trevi and Alejandra Guzmn have been cast as incorrigible bad girls rivaling for the spotlight. Audiences will finally have a chance to see who can out-growl the other when the equally raspy, tough-as-nails singers unite at EagleBank Arena. Trevi, the rebellious wild child who rose to fame with her 90s anthem about unruly hair, has spent the latter half of her career moving past an infamous arrest in 2000 on charges of kidnapping, sexual abuse and corruption of minors. Guzmn has also had her slew of controversies, including drug addiction, airplane brawls and botched plastic surgery. Now, at age 49, the former scandal magnets have put their pasts behind them and focused on music, joining forces this year to release the duet Cuando un hombre te enamora. Julyssa Lopez See them: Aug. 13 at EagleBank Arena. $49-$153.

Kehlani On her debut album, SweetSexySavage, Kehlani aimed to capture the three elements of its title, and the Oakland singer-songwriter succeeded with flying colors. SweetSexySavage updates the crazy, sexy, cool R&B of TLC, Aaliyah and Brandy for millennial listeners and finds the 22-year-old equally adept at rap-fueled slow dances, guitar-strumming ballads and bubbly pop jams about learning from the hiccups and hookups of youthful relationships. Being a pop star in 2017 is tough some of those relationships have made her a target of Internet bullies but, as she sings on the album, Live for the challenge, only make[s] me stronger. Chris Kelly See her: July 13 at the Fillmore. Sold out. Tickets available on the secondary market.

St. Paul & the Broken Bones

St. Paul & the Broken Bones has increased in popularity pretty quickly for a group that formed in 2012; just four years ago, the Alabama soul band played the tiny Iota Club in Arlington. But headlining a show at Wolf Trap is a well-deserved step up for the young band: Its two albums boast catchy, well-orchestrated songs, which should translate beautifully to the big, open-air stage. Frontman Paul Janeways voice floats up to match the peppy horns behind him on Call Me, and he howls sorrowfully on That Glow. His vocal calisthenics add an engaging passion to these soulful songs. Catherine P. Lewis See them: June 16 at Wolf Trap. $30-$55.

Michael Kiwanuka While trying to kick-start material to follow up his breakout folk-soul debut album, Home Again, Michael Kiwanuka found an ideal collaborator in Brian Danger Mouse Burton, the in-demand producer for the likes of Beck and the Black Keys. The partnership yielded Kiwanukas sophomore effort, last years Love and Hate, which finds the London-based singer and guitarists earthy croon enhanced by sweeping strings, haunting backing vocals and vintage organ swells. The albums lead track, the icy, retro ballad Cold Little Heart, became a buzzy sensation this year when it accompanied the bizarre intro to HBOs Big Little Lies. While mostly busy on the international festival circuit this summer, Kiwanuka will squeeze in a few club dates, including a stop at a sold-out 9:30 Club. Jedd Ferris See him: June 4 at 9:30 Club. Sold out. Tickets available on the secondary market.

Mitski At times on her album Puberty 2, Mitski sings lyrics Tell your baby that Im your baby or Youre the one, youre all I ever wanted, for example that would be at home at any time in pop music history. But those lovey-dovey pleadings belie the darkness and violence of her work: I will go jogging routinely/calmly and rhythmically run, she sings on Fireworks, And when I find that a knife is sticking out of my side, Ill pull it out without questioning why. Puberty 2 is full of knives in your side and unanswered questions as the 26-year-old bounds from Pixiesque loud-quiet-loud dynamics to narcotic ballads to trebly punk meltdowns, all the while exposing the sordid underbelly of 21st-century romance. C.Ke. See her: July 8 at 9:30 Club. $20.

Little Dragon Since Swedens Little Dragon debuted 11 years ago, Yukimi Naganos soulful soprano has become a chic accessory for other peoples music. The halfJapanese singer has collaborated with Big Boi, Gorillaz, Flume and many more. Yet the band tends to go it alone on its own albums, including the recent Season High. It seems the four musicians dont need any help to craft songs that meld 80s-style synth-pop and slow-jam funk with contemporary touches. The vibe can be loungey, but the group channels Prince on such upbeat tunes as the new Sweet and Strobe Light, which party like its almost 1989. Mark Jenkins See them: Aug. 8 at 9:30 Club. $35.

Herbie Hancock Herbie Hancock is the rare jazz artist to gain considerable recognition outside the jazz world. In 2008, his River: The Joni Letters became only the second jazz album to win the Grammy Award for album of the year, besting fellow nominees Kanye West, Foo Fighters, Amy Winehouse and Vince Gill. In 2013, Hancock joined Billy Joel, Shirley MacLaine, Martina Arroyo and Carlos Santana as recipients of the Kennedy Center Honors. In August, Hancock returns to the Kennedy Center with a quintet that features West African guitar virtuoso Lionel Loueke, Kendrick Lamar collaborator Terrace Martin, Joni Mitchell drummer Vinnie Colaiuta and Saturday Night Live bassist James Genus. Geoffrey Himes See him: Aug. 8 at the Kennedy Center. $39-$115.

Capital Jazz Fest Talk about blurred lines: Singer Robin Thicke will help open this genre-blending jazz and soul music fete. Of course, the 25th-anniversary edition is crowded with longtime festival favorites, including contemporary jazz titans George Benson and Lee Ritenour, whove influenced generations of guitar players. When the focus isnt shifting from, say, the Whispers to Stokley, women will command the stage, during performances by Corinne Bailey Rae, Maysa, Sheila E. and Candy Dulfer. Topping the Sunday finale: a special tribute to the late jazz and pop great Al Jarreau. Mike Joyce See it: June 2-4 at Merriweather Post Pavilion. $64.50-$104.50. Saturday is sold out.

DC Jazz Festival This sprawling jazz summit offers an array of crosstown concerts in venues large and small, indoors and out. Among the artists on tap are two veteran collaborators, guitarist Pat Metheny and drummer Roy Haynes, although theyll perform at different sites. Ever engaging at 91, Haynes brings his Fountain of Youth Band to the Howard Theatre on June 10, while Metheny, fronting an intriguing new quartet, appears at the Kennedy Center on June 12. Theyre festival highlights, no doubt, along with concerts featuring Gregory Porter, Jane Bunnett and numerous others. M.Jo. See it: June 9-18 at various venues in the District. Ticket prices vary.

Diana Krall A multiple Grammy winner, Diana Krall has pitched her tent at the top of the jazz charts for two decades. Producer Tommy LiPuma, who died in March, at 80, helped get her there. So this show is likely to produce some bittersweet moments when the Canadian vocalist and pianist revisits the vintage pop and jazz tunes on her new LiPuma-produced album, Turn Up the Quiet a now haunting reminder of their special chemistry. Count on guitarist Anthony Wilson, bassist Robert Hurst, drummer Karriem Riggins and fiddler Stuart Duncan to provide inspired support. M.Jo. See her: June 24 at Wolf Trap. $43.75-$83.75.

La La Land in Concert La La Land harks back to the achingly idealistic movie musicals of the 50s and 60s, when lifes troubles were carried away by a sweeping dance mob, and there was always a catchy song to articulate how you feel. This screening, accompanied by the National Symphony Orchestra and conductor Emil de Cou, seems like the model way to experience Damien Chazelles love letter to impossible dreams and the wonderfully rich culture of jazz. Justin Hurwitzs Oscar-winning score (with a previously unheard overture), filled with frenzied flourishes of improvisation, should play particularly well in an open-air, live setting. Christopher Kompanek See it: Aug. 4 at Wolf Trap. $40-$60.

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Summer Concert Guide: 31 can't-miss shows, from Kendrick Lamar to U2 - Washington Post

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A strategy that will make Canadian innovation flourish – The Globe and Mail

Posted: at 10:35 pm

Wal van Lierop is President and CEO at Chrysalix Venture Capital.

Despite a decade of policies meant to foster entrepreneurship, Canadas technology industry remains frail. The Conference Board gives Canada a D on innovation, ranking us 13th among 16 peer countries. They are surpassing Canada in income per capita, productivity and quality of social programs.

Canada is weak in innovation by choice. Id like to discuss the reasons why and propose a solution.

Our federal and provincial governments ritually pledge funding for STEM education, startup tax credits and similar initiatives. These are nice gestures, but they alone cannot improve Canadian innovation. The disconnect is in our execution. Those funds have no clear aims.

Canada is still very much a resource-based economy. The predominance of traditional industries on the TSX testifies to that. If taxpayers want a return on investment, then innovation funding should maximize the value of our national assets.

Toward that end, I propose a strategic aim: Lets become the No. 1 developer and exporter of sustainable industrial innovations. Lets transform mining, hydrocarbons and forestry rather than abandon these sources of prosperity.

Government funds that stimulate industrial innovation achieve a double payout by increasing the value of our resources and by creating high-paying tech jobs. Let me put this in perspective: The revenue per employee in the B.C. mining sector was, according to a PwC study, more than $885,000 in 2015. Compare that with B.C.s digital-media industry, which had less than $150,000 in revenue per employee.

Industrial technology could strengthen our largest resource-based companies and protect them from foreign takeovers. Yet only a tiny amount of government funding reaches technology companies focused on natural resources. Its a disappointing mismatch a result of unclear strategy and poor incentives.

Today, fund-of-fund managers oversee the governments capital (i.e. your tax money). Many earn exceptional returns. Frequently, they finance the newest mobile apps in syndication with Silicon Valley firms. These capital-light innovations can turn a quick profit. However, fund-of-fund managers often shy away from capital-intensive innovations that take longer to commercialize and scale, let alone IPO. Thus, our tax money tends to stimulate innovation abroad rather than in Canada.

I dont blame our government or fund-of-fund managers for investing outside Canada. The financial markets have little appetite for heavy-duty innovation in traditional industries. They dont yet reward companies that embrace sustainability.

Look at NRG Energy from the United States, as an example. Their attempt to fill their portfolio with renewable energy sources ended with the ousting of the chief executive officer and tumbling stocks.

The dissonance between our strategic interests and use of capital has created a big-city bubble in Canadas tech sector. While we have winners from time to time, we struggle to sustain Nortels and BlackBerries for the long haul. The few successes we do have are small and sold to U.S. owners.

Along that path to a U.S. buyout, we subsidize thousands of small companies with SR&ED tax deductions and similar programs. In the Vancouver area alone, these allow 9,000 startups to survive for 12 years or more. At least 8,000 of them would be cut off if a commercial venture capital firm were in charge. Some people call this practice occupational therapy or dub us the too nice Canadian tech industry. Others call it political currency.

Wouldnt it make sense to prune actively and only strengthen startups that have good odds and the highest potential value for Canada?

One company scaled up can produce far more jobs and opportunities than dozens of small startups combined. Canada needs to produce Googles and Facebooks in the industrial sector. Were unlikely to beat out Silicon Valley in search, advertising and social technology, but we can win in industries that accentuate our competitive advantages. We have resources that Northern California doesnt have. The surest way to keep Canadian innovation at a D is to copy and fund the Silicon Valley model.

So, lets be deliberate not just in our ideas but also in our execution. Lets support innovations that maximize our inherent strengths and offer the greatest returns to our society. Its time to pop the Canadian tech bubble and develop the right strategy for our future.

Follow us on Twitter: @GlobeBusiness

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Trump says withdrawing from accord is for ‘wellbeing’ of US, these OR reps say otherwise – KTVL

Posted: at 10:35 pm

(MGN/EJ Hersom / DoD/Xenja Santarell / CC BY 2.0)

President Donald Trump announced Thursday his decision to withdraw the United States from the Paris Climate Agreement.

By abandoning the world's chief effort to slow the tide of planetary warming, Trump was fulfilling a top campaign pledge. But he was also breaking from many of America's staunches allies, who have expressed alarm about the decision.

As president, I can put no other consideration before the well being of American citizens, he said.

Local Oregon politicians shared their reactions to the president's announcement:

Oregon Governor Kate Brown issued the following statement President Trump's announced the U.S. withdraw from the Paris Climate Agreement:

"Climate change poses the greatest threat to Oregons environment, economy, and way of life. Oregon has a strong tradition of fighting climate change, and we will not back down. The consequences of climate change are already impacting our communities and threaten the long-term sustainability of our natural resource-based economies. Leading U.S. companies recognize the need to address climate change risks and opportunities through the Paris Agreement, and are wisely investing in low-carbon fuels and clean energy technologies to stay on the cutting edge of the global economy.

"It is irresponsible for the president to deny these real-world implications. But I will continue to work with leaders on the West Coast, across the country, and around the world to address the challenge of climate change. While Oregon is a small state, we can play a huge role in finding innovative solutions to preserve our natural resources, reduce carbon, and create a cleaner, and greener energy mix of the future.

Senator Jeff Merkley tweeted the following statements on Twitter:

Senator Ron Wyden issued this statement regarding the U.S. withdraw from the Paris Agreement:

Trumps decision to backtrack on Americas commitment to fight climate change will further damage our environment and leave Americans sicker and poorer. Almost every other country in the world knows that climate change is one of the major challenges of our time and has signed up to do something about it. The United States must be part of the solution and keep its seat at the global decision-making table.

Rejecting the Paris Agreement weakens American leadership abroad and makes it harder for U.S. businesses to compete. By reversing the United States obligation to fight climate change in partnership with the rest of the world, the Trump administration is putting a bullseye on American exporters and the jobs they support.

Trump: U.S. will withdraw from Paris climate accord, try to renegotiate

Trump says that the agreement was not about climate change but instead about other nations gaining financial advantages over the U.S.

He says that he is seeking to create a "level playing field" and establish the "highest standard of living, highest standard of environmental protection."

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Politics biggest determinant of economic future, says Page – Tbnewswatch.com

Posted: at 10:35 pm

THUNDER BAY Kevin Page says the biggest threat to the global economy isnt oil prices.

Its politics, the former Parliamentary budget officer told a crowd of about 60 people on Thursday at a Thunder Bay Chamber of Commerce-sponsored luncheon.

An economist at the University of Ottawa, Page said its undeniable the world is considered about the results of the most recent United States election and the impact on the economy going forward. And with good reason, he added.

But theres no need to panic, Page said.

Weve also seen there are a lot of checks and balances in the United States, so theres been a lot of pushback. President (Donald) Trump hasnt been able to push through changes on health care and (other) issues, Page said.

And were going to wait and see where they will go on climate change and other trade issues.

Page, who in 2013 drew the ire of former prime minister Stephen Harper when he took the Conservative government to court for not releasing details about planned austerity, said hes confident Canada is strong enough to get beyond the Trump rhetoric, especially when it comes to issues like the presidents decision to rewrite the North American Free Trade Act.

In the U.S. system they still need to pass laws. NAFTA will have to be passed by Congress. And I think Congress has a strong understanding of the trade relationships with Canada.

Its not just Canada that has Page concerned. Theres uncertainty throughout the world, from strongmen like Vladimir Putins interference holding Russias reins to the authoritarian measures in places like the Philippines, Turkey and North Korea.

The possible collapse of the European Union and Great Britains decision to opt out of the EU is also troubling to investors, who seek certainty when risking their money.

This hurts investment. And we need investment. If you look at investment numbers in Canada over the past five or six years, were pretty much flat, said Page, who this weekend will receive an honourary degree from his alma mater, Lakehead University.

Were going to need to deal with the politics. Its not going to happen quickly. Were stuck with what were stuck with. Then the question becomes how do we support our political parties in Canada to provide a different political direction?

Should Trumps isolationism increase, Thunder Bays resource-based economy could struggle further. The task of government will be to help find a new strategy and forge growth elsewhere.

We still have strong trading relationships with the United States, but where are the opportunities we can exploit with these emerging economies, be it India or China or Brazil? Its a difficult period, but it creates opportunities in that sense, for us to find those new relationships, Page said.

Its not easy, but Thunder Bay has lived through difficult times in the past, as well.

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Our Turn: Pass SB 129, save 900 New Hampshire jobs – Concord Monitor

Posted: at 10:35 pm

The House of Representatives has an opportunity to support New Hampshire jobs. Senate Bill 129 (the New Hampshire Clean Energy Jobs and Opportunity Act of 2017), the product of almost a year of hard work and compromise among numerous stakeholders, will be voted on today.

This much-needed, bipartisan clean energy bill advances biomass jobs, forest products jobs, sawmill jobs, clean energy jobs and solar jobs. These are good jobs and good industries right here in the Granite State.

SB 129 makes an important fix to New Hampshires renewable portfolio standards law (also called the RPS) that will help sustain the biomass power plants. Good paying New Hampshire jobs are literally at stake right now.

One needs to look no further than the biomass power plant in Alexandria, to see why SB 129 is necessary. The plant recently suspended operation. These plants support over 900 jobs and over $250 million yearly in economic activity in our state. SB 129 is critical to their survival. Without SB 129, the remaining biomass plants are likely to close by 2018 and these jobs will vanish.

The biomass industry is also critical to New Hampshires statewide natural resource-based economy and its scenic character. It is the one area where our energy policy intersects with our natural resource policy. Not only does the biomass industry produce electricity, but the biomass plants also serve as the market for low-grade wood.

With New Hampshire being the second most forested state in the country, biomass serves as a critical market for the states logging, forestry, sawmill and landowner communities. Proper forestry practices produce healthy forests for recreation, wildlife habitat and an annual $1.4 billion forest products industry.

SB 129 also supports and advances more than 1,200 solar-related jobs in New Hampshire. Solar continues to be a growing industry in New Hampshire. More jobs have been added in the clean energy job sector than in most other New Hampshire industries. These jobs also appeal to a younger workforce something New Hampshire desperately needs. SB 129 supports our solar industry and also expands its benefit to low- to moderate-income residential customers.

As we continue to promote New Hampshire as the state to locate business, we need to focus on growing our clean-energy sector. Without these opportunities, clean-energy companies will continue to shift and expand jobs in neighboring states.

Opponents have tried to label this bill as a hidden tax. This is far from the truth. The RPS was passed over 10 years ago. The programs and industries that have participated in the RPS have yielded significant benefit to the states ratepayers in terms of energy diversification, state economic activity, thousands of jobs and reducing peak demand, all of which contribute to lowering electric rates and the promotion of a strong New Hampshire economy. The RPS must be updated to remain competitive in our region. Many residential, commercial, municipal and industrial customers have taken advantage of the RPS to lower their electricity costs. We want this to continue.

How do you determine whether a law and program is worth the investment? We look at the return on investment.

Although RPS opponents continue to call it a subsidy and claim higher rates, the fact is our states renewable energy industries and programs provide value in lowering bills, creating and sustaining New Hampshire jobs, and providing economic activity that has a ripple effect in our economy. If we lost the biomass industry tomorrow, we would see small-business bankruptcies, lost taxes, lost jobs and an increase in unemployment in every region of our state.

Instead, our support of these renewable energy industries means we continue to receive the benefits of reduced electricity costs brought about by ensuring we have effective and updated renewable energy policies, like those in SB 129.

At the end of the day, the benefits in terms of jobs and economic activity far outweigh the cost.

It is time to move forward with this bipartisan effort to support and sustain our renewable energy industries. Its time to pass SB 129 and support our New Hampshire energy and related sector jobs.

(Jeb Bradley is a Wolfeboro Republican. Dan Feltes is a Concord Democrat. Herb Richardson is a Lancaster Republican. Robert Backus is a Manchester Democrat.)

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State Sen. Jeb Bradley & State Sen. Dan Feltes – Time to pass SB … – The Laconia Daily Sun

Posted: at 10:35 pm

The House of Representatives has an opportunity to support New Hampshire jobs. Senate Bill 129 (The N.H. Clean Energy Jobs & Opportunity Act of 2017), the product of almost a year of hard work and compromise among numerous stakeholders, will be voted on June 1. This much-needed, bipartisan clean energy bill advances biomass jobs, forest products jobs, sawmill jobs, clean energy jobs, and solar jobs. These are good jobs and good industries right here in the Granite State.

SB-129 makes an important fix to New Hampshires renewable portfolio standards law (also called the RPS) that will help sustain the biomass power plants. Good paying New Hampshire jobs are literally at stake right now. One needs to look no further than the biomass power plant in Alexandria, to see why SB-129 is necessary. The plant recently suspended operation. These plants support over 900 jobs and over $250 million yearly in economic activity in our State. SB-129 is critical to their survival. Without SB-129 the remaining biomass plants are likely to close by 2018 and these jobs will vanish.

The biomass industry is also critical to New Hampshires state-wide natural resource-based economy and its scenic character. It is the one area where our energy policy intersects with our natural resource policy. Not only does the biomass industry produce electricity, but the biomass plants also serve as the market for low-grade wood. With NH being the second most forested state in the country, biomass serves as a critical market for the states logging, forestry, sawmill, and landowner communities. Proper forestry practices produce healthy forests for recreation, wildlife habitat and an annual $1.4 billion forest products industry.

SB-129 also supports and advances over 1,200 solar related jobs in New Hampshire. Solar continues to be a growing industry in New Hampshire. More jobs have been added in the clean energy job sector than in most other N..H. industries. These jobs also appeal to a younger workforce something New Hampshire desperately needs. SB-129 supports our solar industry and also expands its benefit to low-to-moderate income residential customers. As we continue to promote New Hampshire as the state to locate business, we need to focus on growing our clean energy sector. Without these opportunities, clean energy companies will continue to shift and expand jobs in neighboring states.

Opponents have tried to label this bill as a hidden tax. This is far from the truth. The RPS was passed over 10 years ago. The programs and industries that have participated in the RPS have yielded significant benefit to the states ratepayers in terms of energy diversification, state economic activity, thousands of jobs, and reducing peak demand, all which contribute to lowering electric rates and promotion of a strong New Hampshire economy. The RPS must be updated to remain competitive in our region. Many residential, commercial, municipal, and industrial customers have taken advantage of the RPS to lower their electricity cost. We want this to continue.

How do you determine whether a law and program is worth the investment? We look at the return on investment. Although RPS opponents continue to call it a subsidy and claim higher rates, the fact is our states renewable energy industries and programs provide value in lowering bills, creating and sustaining New Hampshire jobs, and providing economic activity that has a ripple effect in our economy. If we lost the biomass industry tomorrow we will see small business bankruptcies, lost taxes, lost jobs and an increase in unemployment in every region of our state. Instead, our support of these renewable energy industries means we continue to receive the benefits of reduced electricity costs brought about by insuring we have effective and updated renewable energy policies, like those in SB-129. At the end of the day, the benefits in terms of jobs and economic activity FAR outweigh the cost.

It is time to move forward with this bi-partisan effort to support and sustain our renewableenergy industries. Its time to pass SB-129 and support our N.H. energy and related sector jobs.

(Jeb Bradley, R-Wolfeboro, and Dan Feltes, D-Concord, serve in the New Hampshire Sentate.)

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Some answers to your questions and concerns as BC inches toward a new government – MY PG NOW

Posted: at 10:35 pm

As the provinces political situation begins to take shape, many are still wondering what the agreement between the NDP and the Greens will mean for BC.

We asked UNBC political science lecturer Jason Morris for some insight.

While many people fear minority governments, Morris says they can foster cooperation in the legislature.

When even shutting down the legislature for the day typically requires a majority vote, there can be a lot more discussion going on to try to articulate and represent the views of British Columbians.

But he acknowledges there are a lot of potential pitfalls ahead for a minority government and maybe especially for the Green caucus.

Minority governments dont tend to get as much done and this plan of the BC NDP and the BC Greens is probably even more ambitious than some majority governments would attempt. With [the Green Partys] still small caucus size, they wont be given, to my understanding, ministerial representation and they might soon feel like theyre a little bit dwarfed by the larger caucus of the BC NDP in terms of influence.

Morris says minority governments typically run well for about two years but reaching a full four year term is trickier.

What about our incumbent Premier? Some have criticized Christy Clarks decision to force a vote of confidence in the legislature but Morris says Clark is within her rights.

She still remains the premier so long as the legislature and the lieutenant governor agree to that. What she will certainly be facing is a challenge within her party to retain the leadership.

Theres also been some speculation as to who will hold the position of Speaker of the House. The speaker is elected by secret ballot and isusually from whichever party forms thegovernment. When the NDP and Greens work together, theyll hold a majority in the legislature but only of one seat.

So if a Green or NDP MLA becomes speaker, the legislature will be deadlocked. While the Speaker is called upon to break ties, theres been speculation that the NDP and Greens may try to elect a Liberal speaker. Some have called that move undemocratic but Morris disagrees.

I wouldnt say its undemocratic.The role of the speaker is like the mediator or the chairperson of the business of the legislature and, as such, can come from any party.

Both federal and provincial legislatures have had opposition speakers in the past when theres been a minority government.

Many residents of northern BC arent thrilled at the idea of an NDP Green government.

UNBC Political Science lecturer Jason Morris says the parties will have their work cut out for them, dealing with northern economics.

Historically, northern BC has been of an economy that is natural resource based and it can be very challenging to diversify beyond that when the area has never been really about that.

He says John Horgan should take the lessons of his partys past to heart.

Surely Horgan could remember the last time his party was in power in the 1990s, the severe challenges with balancing environmental and logging considerations that even led to a storming of the legislature and damage and violence.

Both Horgan and Weaver were criticized for not spending much time North of the 50th during the campaign.

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Why Investors Are Paying a Premium for Rockwell Automation – Motley Fool

Posted: at 10:33 pm

On both an absolute and relative basis, Rockwell Automation (NYSE:ROK) stock looks expensive. As you can see below, its current P/E ratio of around 27 times earnings means it commands a premium to the electrical equipment sector.

Time to hit the sell button? Not so fast -- here are five reasons Rockwell Automation's premium rating is deserved, and why the stock might even be a good value option.

ROK PE Ratio (TTM) data by YCharts

Earnings aren't the only way to value a company. In fact, cash flow generation is arguably a better way to look at matters -- after all, it's free cash flow that's actually used to pay down debt, make stock buybacks, and pay dividends. The good news is that Rockwell is traditionally very good at converting net income into free cash flow. As the chart below illustrates, the 10-year average free cash flow conversion rate from net income is around 1.

Data source: Rockwell Automation presentations. Chart by author.

Moreover, if you look at valuations on the basis of enterprise value (market cap plus net debt) compared to free cash flow, Rockwell Automation is actually cheaper than its peers, including Emerson Electric (NYSE:EMR) and Honeywell International (NYSE:HON).

ROK EV to Free Cash Flow (TTM) data by YCharts

The Internet of Things (IoT) involves embedding internet-enabled devices into hardware and then interacting with the data produced. Rockwell's sensors and controls make it a key player in the IoT market, and management claims it's actually an industrial software company.

As such, Rockwell's stock deserves a premium due to the long-term secular growth potential from IoT. Rockwell isn't the only company investing in IoT, but peers like General Electric Company and Honeywell International have a lot more exposure to a specific set of end markets compared to Rockwell's broad-based exposure to automation spending.

In fact, Rockwell's broad exposure to industrial capital spending means it's a key beneficiary of an improving industrial economy in 2017. Emerson Electric also has heavy exposure to industrial automation, and that company has raised guidancefor the second time this year.

It's a similar situation with Rockwell. Here's how the company has raised guidance throughout 2017.

Full-Year Guidance

At Q4 2016

At Q1 2017

At Q2 2017

Organic sales growth

0% to 4%

1% to 5%

4.5% to 7.5%

Adjusted EPS

$5.85 to $6.25

$5.95 to $6.35

$6.45 to $6.75

Data source: Rockwell Automation presentations.

The substantive upgrades indicate that Rockwell is a company that benefits from an improving economy and has good earnings momentum.

Rockwell might also command a premium because investors accept that it's a business whose margin tends to move up and down with its revenue growth. In other words, it has a high amount of operating leverage. The following chart shows how operating margin does indeed oscillate in tandem with revenue growth.

ROK Operating Margin (TTM) data by YCharts

Considering that the U.S. industrial economy is recovering from recession-like conditions, the likelihood is that a combination of revenue growth and margin expansion will lead to strong earnings growth at Rockwell. Indeed, analysts have EPS growing at 11.6% and 9% in 2017 and 2018, respectively.

Finally, with an enterprise value of around $19.9 billion and its position as a leading IoT play, Rockwell Automation is often seen as a takeover target for companies like Emerson Electric, Honeywell, ABB, andSiemens. Such companies usually command premiums because investors feel that a larger company might be willing to pay handsomely in order to acquire Rockwell's product portfolio.

Rockwell Automation stock commands a premium rating, but it might be worth paying for. Image source: Getty Images.

All told, Rockwell may look superficially expensive, but for the reasons above, its stock price could continue to move aggressively higher in 2017. The cash-generating company has a lot of earnings momentum behind it, and offers investors an attractive mix of long-term growth potential from IoT and a bit of takeover potential as well.

Lee Samaha has no position in any stocks mentioned. The Motley Fool recommends Emerson Electric. The Motley Fool has a disclosure policy.

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Automation of jobs should be like Star Trek, not Star Wars – TNW

Posted: at 10:33 pm

At tech festivalBrain Barin Budapest,Pter rvai, CEO and co-founder of Prezi, gave a talk titled Embrace automation? where he argued that being replaced by machines doesnt have to be a bad thing if we choose the right sci-fi movie future.

Arvai argues that we need to rethink our definition of work first and move society towards finding ways to make automation of jobs work in our favor.

To illustrate how weve done this in the past, rvai talked about when his grandmother got her first washing machine. Instead of having to hand wash soiled baby clothing for hours on end (babies poop a lot), she could simply put it in her washer and could instead useher time to do paid work.

This could continue in the future, but well need to createnew purposes for humans in a technologically driven future. rvai believes science fiction has a lot to offer when it comes to shaping that future vision.

Up until now, machines have mostly taken over our unpaid jobs, making our lives much easier. What people are afraid of now is that machines are gunning for our paid jobs, not only the menial ones.

No matter how frightening this might seem, rvai is positive we wont miss the jobs robots and AI will take away from us:

We need to start thinking differently about work. As we saw from my grandmothers example, it isnt necessarily what you get paid for. In fact, we might have to open our minds up to this idea again.

No matter how frightening this might seem, rvai is positive we wont miss the jobs robots and AI will take away from us.

Many people have focused on the financial issues of automation with suggestions like robot-tax or universal income, but this doesnt answer the fundamental question of work according to rvai, which is can we fix the future of work so it doesnt come at the expense of our happiness?.

Only 13 percent of people worldwide say that theyre engaged with their work, US being the highest with merely 29 percent, according to a study rvai quoted. Without uninspiring jobs to fill our time, humans will have to find new and fulfilling ways to live life just like in Star Trek.

The good news, according to rvai, is that we know more now what actually makes people happy than we did in the past. The bad news is that the science isnt precise yet, but that shouldnt stop us from trying to improve our work experience.

rvai says, however, that the direction is pretty clear and hes found three main goals that should help people live more fulfilling lives. Both the Prezi team, who work on solutions for workplaces, and rvai as an employer wantto try to help people reach these goals:

Achieving the first goal helps us reach the other two. We need to sleep well, eat well, and be able to grow as a person to have a fulfilling life. Possessing optimal energy then allows you to nurture the personal relationships in your life, combating loneliness which pretty much equals unhappiness.

The final goal might be more difficult to achieve, trying to cut through the noise and connect the dots that matter to you. Anybody whos tried to achieve happiness with these goals knows this is hard work, even though you dont get paid for it (yet?). But if we dont incorporatethese aspects into the future of work, well keep wasting human potential, because 13 percent engagement is a waste of mental energy.

Thats where Star Trek comes in. For rvai, these goals act as guidelines, but to complete the picture we need a vision for the future. The Star Trek and Star Wars universes offer perfect examples of hugely different visions in a technologically automated world.

These universes have what we can actually achieve in our lifetime. They have extremely good AI and the people dont need to go hungry because technology can provide for them. But what do they use their freedom from labor for?

rvai sums Star Wars up as a struggle for power (Wars might have given it away), while the people of the Star Trek universe are motivated and guided by the expansion of human knowledge. Of course there are some power struggles in Star Trek, and Star Wars has the enlightened jedi, but theyre not the ones guiding the entire story.

Star Trek has therefore more in common with the three goals above than Star Wars, as theyve managed to include them in their vision of how humans should live. The shows best-known catchphrase is even Live long and prosper!

So the question well need to ask ourselves about the future of work could be: Do we want to prioritize our lives and education in favor of a Star Trek technological future, or a Star Wars one?

It seems like the Trekkies are favored to win.

Read next: 3 common factors of robust mobile apps

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