The forum will be led by Stephen A. Schwarzman.
Heat Biologics (HTBX) presented disappointing top-line phase II data from the bladder cancer study on its lead pipeline candidate, HS-410.
A study conducted by the Swiss financial corporation Credit Suisse has revealed that Russians’ living standards fell by 14.4 percent in the space of just one year from mid-2015 to mid-2016. According to the survey, called the Global Wealth Report, within 12 months, the average income of households decreased from $12,086 to $10,344. Thanks to high oil prices in the years from 2000 to 2007, the prosperity of citizens increased eight-fold during this period. In 2007, this growth slowed down, becoming irregular, and then stopped altogether and started falling back. Analysts at financial institutions have also recorded an increase in the social gap between the wealthy and the poor. In Russia, 89 percent of the public wealth is controlled by 10 percent of households. This is one of the highest rates in the world. For comparison, this figure is 78 percent in the U.S. and 73 percent in China. The importance of the housing market It could be that Credit Suisse, in its report, did not take into account some specific features of the Russian economy. Foreign researchers do not always take into account the role of real estate in the country. Very often, the poor live in apartments located in prime locations in major cities. How Russians are surviving the crisis For many Russians, to sell their property, and thus improve their lives, is difficult to do, because of their sacred attitude towards their living quarters – such people do not see an apartment as a source of potential capital, but the very purpose of their existence. “The main asset of the population in our country is housing. Now we are in an economic recession, and the housing market is very sluggish. Fewer transactions are taking place, and as a result, the prices indicated in the statistics are not, shall we say, entirely accurate,” said Alexander Burdyak, senior fellow at the Russian Presidential Academy of National Economy and Public Administration’s Institute for Social Analysis and Forecasting. “Statistically, inequality is caused by the huge differences in housing prices between Moscow and other cities. People living in a studio apartment in the capital are five times richer than those who are living in a similar premises in the region,” …and a weak ruble In addition, one of the causes that has led to the reduced quality of life in Russia, according to Credit Suisse, is the devaluation of the ruble. In 2007, the U.S. dollar was worth 25 rubles, and now, nine years later, it is worth 64 rubles. “This sharp drop in living standards was due to the lower exchange rate of the ruble, as at Credit Suisse does all its calculations in U.S. dollars. In other countries, the local currencies have not dropped as much against the U.S. dollar as the ruble has in the last year or two,” said Burdyak. According to the study, the total value of assets held by Russians amounts to trillions of dollars. It is not clear how they calculated prices for residential real estate, which is the main asset for the overwhelming majority of Russians. According to official statistics, the calculations show a very different picture. In 2015, according to the Ministry of Construction, the country’s housing stock surpassed 3.4 billion square meters, and the average market price of one square meter was 36,000 rubles. Multiplying these numbers and dividing by the average U.S. dollar exchange rate, we get a total value of residential real estate at the disposal of the Russians at around $1.8 trillion. To this, we can add deposits in banks accounts ($360 billion). Finally, there are investments in securities, mutual funds, foreign real estate and other assets abroad. This gives additional hundreds of billions of dollars. The Boston Consulting Group, for example, estimates the volume of Russian assets at $1.4 trillion. A clear and worrying trend However, regardless of the manner in which Credit Suisse came to its conclusions, one thing is clear – the population is losing money, and the gap between rich and poor is growing. Moreover, the situation will only worsen. According to the forecast of the Accounting Chamber, by the year 2019, there will be approximately 20.5 million people living below the poverty line in Russia. This is 1.4 million people more than 2015. Why more than half of Russians miss the Soviet Union The fact that devaluation of the ruble has become one of the reasons for the sharp decline in the people’s standard of living was also acknowledged on Nov. 22 by presidential adviser Sergei Glazyev. “No country in the world has seen such high volatility in their national currency in recent years. It’s twice greater on this indicator than that of our neighbor Turkey. We are also setting records when it comes to currency devaluation, including among the oil-producing countries,” said Glazyev. “I agree with the Credit Suisse data, and I even think that they have somewhat embellished it. In Russia, it is not one tenth, but three percent of the people who own most of the Russian economy. The reason behind this is the colossal difference in incomes,” said Nikolai Kolomeitsev, First Deputy Chairman of the State Duma Committee for Labor, Social Policy and Veterans, in an interview with Lenta.ru. Taxes and state-produced alcohol the answer? According to Kolomeitsev, there are several ways to combat this high social stratification. First, Russia needs to implement a progressive taxation system. Secondly, it needs to restore the state monopoly on alcohol production. “In tsarist Russia, and in the Soviet Union, the state had a monopoly on alcohol production. This eliminated the possibility of poisonings, and brought in more income to the treasury. We need to restore state control over the production and sale of alcoholic beverages. Alcohol, if it comes under control of the state, should provide an additional four trillion rubles of revenues for the budget. The progressive taxation system – another five trillion,” he said, though he did not explain how an increase to the state budget would help to boost the incomes of the poor. Furthermore, a simple redistribution of the tax burden is unlikely to solve the problem of poverty and social stratification. This can be achieved only by sustained economic growth. And there have been some successes here. The economy is starting to leave the shocks behind it, and is adapting. In 2017, GDP is expected to grow. The Ministry of Labor is predicting that by 2018, the incomes of Russians will return to their pre-crisis levels. On the other hand, in 2018, the government will start to actively discuss issues of raising the retirement age and the tax burden – and these measures could nullify the slowly improving public welfare. First published in Russian by Lenta.ru. Read more: Russians now spending half of their income on food>>> Subscribe to get the hand picked best stories every week
Помню, как еще несколько лет назад, многие признанные эксперты сокрушались о глубине интеллектуального кризиса, загнавшего мир в лабиринт общества потребления. Как часто говорили тогда о дефиците свежих идей, о застое в технологическом развитии и о […]
The Boston Consulting Group разработала несколько вариантов сценария соответствия предложения и спроса СПГ до 2018 и 2025 гг. Восемь из девяти вариантов сценария до 2018 года предполагают значительное превышение предложения над спросом. Согласно базовому сценарию, превышение составляет 61 млрд кубометров в год, или приблизительно на 10 млрд кубометров в год больше, чем общий спрос на СПГ в Европе в 2015 году. Этот объем превышает ожидаемый в 2018 году спрос на 15 %. Однако, согласно прогнозу BCG, к 2025 году равновесие спроса и предложения опять восстановится. Подробнее читайте на нашем сайте www.oilru.com
In any industry, it’s not always clear how the large incumbent businesses are thinking about keeping up with the latest trends in innovation. This has certainly been the case in the agriculture industry until a recent survey, which produced some surprising results.
Reportedly, Intel Corp (INTC) has inked a deal with Delphi Automotive PLC (DLPH) to supply it with highly efficient computer processors for its future self-driving vehicle systems.
Использование зарубежных банковских счетов весьма проблематично и все больше напоминает езду в автомобиле без колес
"Do I contradict myself? Very well, I contradict myself. (I am large, I contain multitudes.)" You probably recognize those three lines from the Song of Myself by Walt Whitman. The last line, that I contain multitudes, is my text for this post. I have a simple proposition to make: We all contain multitudes. We behave very differently at different times. Sometimes we behave well, sometimes badly. What is astonishing is how different the same person can appear to be at different times and in various contexts. If we realize this fact, we can take decisions to dramatically increase the proportion of time we spend being constructive, friendly, and happy. We are different people at different times of our lives. We are different at approximately the same time of our lives too. No doubt there are many multitudes of reasons for this. Let's look at three that are the most important: The first is the people with whom we spend most time. Who do you spend at least several hours a week with? Make a list. Draw a square box and divide it into four equal quadrants. Label the top two quadrants "Like" - for the people you like and admire. Label the bottom two quadrants "Not" for people you don't particularly like (or dislike). Along the bottom (horizontal) axis label the left two boxes "Useful" and the right two "Not". You now have four quadrants which you can label, from top left going clockwise, "A", "B", "C" and "D". In Box "A" put those whom you like and admire, and who are in some way useful to you, and/or to whom you are useful. 'Useful' means that they add some rich dimension to your life that you can specify, or you add a similar dimension to their life. They may serve as a role model for some quality you lack, or they have useful ideas or contacts for you, or you may be able to learn some specific things from them. Or the other way round. Ideally both ways - there is mutual value to each other, over and above that of enjoying their company. People in Box A may well be close friends but they could include some colleagues or people you don't yet know well. The common denominator is that, for whatever reason, you enjoy spending time with them and feel on the same wavelength; and add value to each other. In Box "B" write the names of people with whom you spend a lot of time, and whom you like, but where neither of you derives any additional benefit. Box "C" folk are those you see a lot but do not like, nor do you or they derive any utility from spending time together. The remaining people belong in Box "D" - you don't especially like them, but they are useful to you and/or vice versa. The thing is - the people with whom you spend most time, have the greatest impact on your happiness and effectiveness: It is wonderful and self-affirming to spend time with people you appreciate and who appreciate you, especially if it is clear you are adding great value to them, and the other way round. My definition of success is "spending time with such people, when not spending quality time with yourself". Equally, success derives from the inspiration you get from such people. Effectiveness and happiness are twin cherries on a single stalk. It is corrosive to spend time with people you don't (particularly) like, especially if you are not learning anything in the process - except not to do what you are doing. To retain our self-respect, we need to add value to other people. But if this is an abstract thing, and the people we benefit are far away, the gratification is muted or almost completely absent. We need to see the people whom we are helping. Action Implications 1 (People) Increase the amount of time you spend with "A" people (like, useful) you already see frequently. Think if there are other "A" people in your life whom you don't see much. If logistically possible, increase the time spent with them. Make no change with the "B" people (like, not useful). If there are any people in your "C" box (don't particularly like, not useful), why are you still seeing them? Inertia? Neighbours? Friends of friends? Colleagues? Think of tactful ways of spending little or no time with them. Think if you can replace some or all of your "D" people (don't like, useful) with "A" people who can be of equivalent value to you. The best results in terms of happiness and effectiveness come from having nearly all "A" and "B" people as the main people in your life. This may sound obvious, but it is surprising how few people manage this. Make sure you are one of them, even if it takes a bit of plotting and planning, or even finding a different job. You are a different and better person with people you like and can learn from. The second reason for the variability in our behaviour is the organizations we work and interact with. If the environment is a happy place where we can learn or teach other people useful things, we will probably thrive. If it is a miserable place, where we are not developing in good ways, it will be very hard to be happy and behave constructively. Think now of the organizations where you spend most time - this could be a workplace, a college, a voluntary group, or some other institution. Probably there is one main or exclusive organization for you, perhaps two. Draw a similar box, with Like/Enjoy and Not Enjoy on the vertical axis and Useful and Not Useful again on the horizontal axis. "Useful" means that you are learning or teaching valuable personal skills, and/or that you strongly believe that the organization itself has great value to individuals and society. Put your current organization(s) into the correct quadrant(s). For comparison, add previous organizations - including colleges and schools you attended, and places you worked. In a different colour, write other possible organizations where you could potentially work or spend large chunks of time. It is surprising but not unusual to find that you are operating mainly in a "C" organization - you don't enjoy it and you aren't developing personally. I spent four years working in the Boston Consulting Group, a firm I very much admire. But I was failing personally because I did not fit the profile of a good analyst. I redoubled my efforts but they were not good enough. I should have quit three years earlier than I did. I left BCG to join Bain & Company, where I thrived, because it was a different kind of organization that suited my skills better, and developed them greatly. Action Implications 2 (Organizations) In your main organization is an "A" (enjoy/useful), stay there. If and when you stop learning or teaching, or lose faith that the organization is a force for good, find another "A" organization to join. If you are already in a "B" (enjoy/not personally useful), do the same - find an "A". If you are in a "C" (don't enjoy/not useful), quit as soon as possible, finding an "A", or if not possible, a "B". A third important reason for how we behave differently is the city (and country), town, or locality where we live. Draw the box with the vertical axis again Enjoy at the top and Not Enjoy at the bottom, and the horizontal axis Useful on the left and Not Useful on the right. Where does your current locality fit on the matrix? Sometimes you need to think of the particular very local part of town you live - an unpleasant slum district riddled with crime may be very different from a leafy part of the same town. "Useful" can include work opportunities and the quality of school for your kids. Then think of the other places you have lived and classify them. Finally, if you are not living in an "A" area, think if there is one or more that you could afford to move to - put it or them on the chart. I have lived in five different countries, and been struck by how much I learned and the contacts I made by moving around. Different countries and towns have very different "happiness" ratings and professional opportunities. Action Implications 3 (Where You Live) If you don't live somewhere you like and which increases your personal skill-base and opportunities, make a plan to move to somewhere that will. Conclusion The people we spend most time with, the organizations we move in, and the quality of the place we live account for a large part of our behaviour and happiness. Two or three decisions to go for the conditions which bring out the best in us can make an enormous difference. Yet there are two other influences that are vital. I will cover those in my next blog. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Sajid Farid Shapoo Politics, Asia Counterfeit rupees are empowering India’s enemies around the world. The Indian government’s recent decision to invalidate five-hundred- and one-thousand-rupee notes is a reflection of growing concerns about the widespread circulation of counterfeit currency notes in the predominantly cash-based Indian domestic economy. Data collected by the Indian Statistical Institute revealed that as many as 250 out of every million notes in circulation were fake. This may seem a small percentage, but in absolute terms it translates into mind-boggling numbers. The Indian media’s clamor over the politically exciting issue of black money is understandable, but it undermines the threat posed by counterfeit currency—both to monetary stability and to the internal security of the country. It was not surprising that the official notification by the ministry of finance, which regulates the production and circulation of Indian legal tender, categorically underlined that the decision to withdraw the notes was intended to curb the financing of terrorism through the proceeds from these fake notes. India has a large unorganized, cash-based economic sector whose daily transactions number in billions of rupees. According to Boston Consulting Group, in the year 2015, 78 percent of all consumer transactions in India were cash-based. It is this large cash-based sector that was inundated with the circulation of counterfeit currency notes. The question is how big this circulation really is, and how such criminal activity, traditionally undertaken for economic gain by private individuals, organized gangs and crime syndicates, managed to erode common consumers’ faith in Indian legal tender. Read full article
Yesterday, in a public relations email full of misplaced platitudes, Sanofi Pasteur informed urologists that they had given up making BCG. I would cite a website or news-wire but that (surprise!) does not exist. BCG is the principal and most effective drug used to combat and prevent bladder cancer. It [...]
Крупнейшая нефтяная компания РТ смогла компенсировать снижение котировок черного золота ростом добычи почти на 5%, при этом снизив себестоимость, следует из опубликованной отчетности. А удачное вложение в бумаги жемчужины ТАИФа позволило не только получить дивиденды, но и подзаработать на росте оценочной стоимости акций. Эксперты «БИЗНЕС Online» отмечают, что шансов на заморозку мировой нефтедобычи немного, что и толкает «Татнефть» к увеличению переработки.
Программа государственного субсидирования ставок на ипотечные кредиты в следующем году будет отменена или пересмотрена. Как это отразится на ставках – разбираемся в программе «РБК-Недвижимость» вместе с экспертами из АИЖК, ВТБ, The Boston Consulting Group и Банка жилищного финансирования.
Программа государственного субсидирования ставок на ипотечные кредиты в следующем году будет отменена или пересмотрена. Как это отразится на ставках – разбираемся в программе «РБК-Недвижимость» вместе с экспертами из АИЖК, ВТБ, The Boston Consulting Group и Банка жилищного финансирования
TRUMP will amend, OR repeal and replace OBAMACARE -- SAVVY D.C. vets close to the Trump operation -- INTERVIEW: David Urban -- ALEX TROWBRIDGE to Colbert -- WEEKEND READS -- B’DAY: Dr. Elena Allbritton
Good Saturday morning. Check out the Ireland’s Farmer’s Journal’s headline about Donald Trump’s election. County Clare is where he owns a golf course. http://bit.ly/2ftmPJySINCE YESTERDAY MORNING, when we told you Donald Trump wasn’t as burn-the-house-down as his campaign seemed, we have seen several plain examples of this.-- HE WANTS TO KEEP THE CORE OF OBAMACARE. In an interview with Monica Langley and Gerard Baker of the WSJ: “Mr. Trump said he favors keeping the prohibition against insurers denying coverage because of patients’ existing conditions, and a provision that allows parents to provide years of additional coverage for children on their insurance policies. ‘I like those very much,’ Mr. Trump said … On health care, Mr. Trump said a big reason for his shift from his call for an all-out repeal was the meeting at the White House with Mr. Obama, who, he said, suggested areas of the Affordable Care Act, widely known as Obamacare, to preserve. ‘I told him I will look at his suggestions, and out of respect, I will do that,’ Mr. Trump said in his Trump Tower office. ‘Either Obamacare will be amended, or repealed and replaced,’ Mr. Trump said.” http://on.wsj.com/2fLk6Oy-- AND/BUT: On 60 Minutes, Trump said there will not be any period of time between repeal and replace -- if he goes that route. Video clip http://cbsn.ws/2eroG4s-- HIS TRANSITION TEAM IS FULL OF INSIDERS. Members of Congress: Reps. Lou Barletta (Pa.), Marsha Blackburn (Tenn.), Tom Marino (Pa.), Devin Nunes (Calif.), Chris Collins (N.Y.). Family members: Jared Kushner, Donald Trump Jr., Eric Trump, Ivanka Trump. Donors: Silicon Valley macher Peter Thiel, Goldman Sachs alum Steven Mnuchin, hedge fund chief Anthony Scaramucci and conservative megadonor Rebekah Mercer. Other political figures: RNC Chairman Reince Priebus, Florida AG Pam Bondi. And Breitbart boss Stephen Bannon, who admittedly is nobody’s idea of an establishment insider.-- “Trump shakes up his power structure,” by Shane Goldmacher, Alex Isenstadt and Glenn Thrush: http://politi.co/2erjltV-- HE’S KEEPING SMART AND SAVVY D.C. INSIDERS CLOSE TO HIS TEAM. For example, RICK DEARBORN, the executive director of the Trump transition effort, is the leading candidate to run the Trump legislative affairs shop, according to several sources. Given that Trump has never been in government, this is a hopeful sign for top Capitol Hill Republicans. Legislative affairs is key for any president getting congressional buy in for their legislative priorities -- and will be even more key for Trump, who has never had to navigate the ins and outs of Capitol Hill. WHAT TO KNOW ABOUT RICK: He’s a close confidant of Alabama Sen. Jeff Sessions, and has worked for him since 1997, most recently as his chief of staff. He also served six and a half years as Sessions’ legislative director before serving as assistant secretary of energy for congressional and intergovernmental affairs. He also worked for former Wisconsin Sen. Robert Kasten, former Mississippi Sen. Trent Lott and was director of congressional relations for the Heritage Foundation.TOP CAPITOL HILL REPUBLICANS are also eager for Trump to hire David Urban, a veteran Republican operative who served as chief of staff for former Pennsylvania Sen. Arlen Specter (when he was a Republican). Urban is almost certainly under consideration to serve as a senior aide in the West Wing -- something that would be seen as a smart move inside Senate and House Republican leadership circles. He also enjoys close relationships with top Democratic lawmakers. Urban declined to discuss working in a Trump administration.Urban came on board early for Trump, spending nearly three months in Cleveland for the Republican National Convention before returning to his home state of Pennsylvania to run Trump’s ground game there. Urban, a partner at the lobbying firm American Continental Group, said he put Trump’s family to work in Pennsylvania. He planned speeches on child care in the Philly suburbs. And Melania Trump gave her only campaign speech to woo women voters in the Keystone State. The campaign knocked on more than 200,000 doors a day in the lead up to Election Day.EXCLUSIVE INTERVIEW WITH URBAN -- HOW TRUMP WON PA:“Secretary Clinton, her campaign, they did a good job … They got their vote out. They did a good job getting the numbers they thought they needed in Philly and the suburbs because that’s all that’s traditionally been needed to win. We just got more. We redrew the map in Pennsylvania.” The Trump victory was the “great white whale” that hadn’t happened in nearly 30 years.-- CLINTON’S MESSAGE DIDN’T WORK: “The economic elitism of the other side — the Clinton Foundation, the notion of this pay to play, hyper elites, the Davos crowd isn’t a message that resonates. As many times as Secretary Clinton went to Scranton and portray[ed] herself as the daughter of a factory worker who makes lace tablecloths, I don’t think anybody was buying it.”-- HOW THEY WON: “There are 67 counties in Pennsylvania. We overperformed dramatically in many of these counties that have big populations — 60, 70, 80 percent of people turned out. So when you get an extra 2,000 votes in 60 counties, that’s enough to put you over.”-- VOTERS VOTED FOR TRUMP, NOT THE GOP: “I think if President-elect Trump remains on the ballot they will remain. Those are Trump voters … I think it is totally a Trump phenomenon.”TRUMP’S MASSIVE INAUGURATION LIFT -- Greg Jenkins, who served as executive director of the Bush inaugural committee in 2004/2005, emailed Playbook laying out the enormous task ahead for Trump in putting together a successful fete in roughly two months.-- The 2005 Inauguration by the numbers: Jenkins had 600 people on staff divided into 12 divisions, from finance to legal to events. Every dollar must be raised privately -- in 2004 it cost $42 million. And some 3,000 journalists from around the world need to be credentialed for four days of events.-- How it works: “The military district of Washington takes care of the parade, but the inaugural director has to decide what elements are in the parade, from what states,” Jenkins told Playbook. “You have no idea how much lobbying governors and senators did to me to get one of their high school marching bands included.” And while a joint committee on Capitol Hill takes care of the actual swearing in, Jenkins recalled that the arguments between the Hill and the inaugural committee “over exactly who signs what and who says what can get pretty intense.”-- Who’s in charge? Trump has asked his longtime friend and major donor, billionaire private equity investor Tom Barrack, to serve as chairman of the inauguration committee. Barrack, who served in Reagan’s Interior Department, has a fascinating side career in rescuing troubled celebrities -- including Michael Jackson. Read about that here: http://nym.ag/2f2SUaaKANDER FOR DNC CHAIR? -- The field of possible candidates for Democratic National Committee chairman could be getting even more crowded. Missouri Democratic Senate candidate Jason Kander, who lost to Sen. Roy Blunt, is among those whose name continues to pop up in our inboxes. One source from the campaign wrote: “Kander would be interested in the chairmanship if that’s what the Democratic Party wanted.”-- Jaime Harrison, South Carolina Democratic Party chair, is also giving it a hard look. “I’m blown away from the tons of calls, emails and texts urging me to run for DNC Chair … praying about it. I’ll decide soon!” Harrison wrote on his Facebook wall Friday evening.TRUMP ON THE CLINTONS -- From “60 Minutes” airing this Sunday -- “So, Hillary called, and it was a lovely call, and it was a tough call for her, I mean, I can imagine. Tougher for her than it would have been for me. I mean, for me, it would have been very, very difficult. She couldn't have been nicer. She just said, ‘Congratulations, Donald, well done.’ And I said, ‘I want to thank you very much, you were a great competitor.’ She is very strong and very smart.” LESLEY STAHL: “You know, you said you might call President Obama for advice. Would you think of calling President Clinton for advice?” DONALD TRUMP: “Well, he’s a very talented guy, I mean, this is a very talented family. Certainly, I would certainly think about that.” Clip http://cbsn.ws/2fLmIvUSAM STEIN: “Hillary Clinton On Loss: ‘These Have Been Very, Very Tough Days’”: Hillary Clinton acknowledged on a call with her campaign staff and volunteers on Friday that her election loss had taken an emotional toll. But she encouraged those listening to stay engaged in the political process once the despair of Tuesday passed. ‘I’m not going to sugarcoat it: These have been very, very tough days,’ Clinton said. ‘This is a tough time for our country. I think we have seen how people have been reacting to the events of this election and I know we have got to be reaching out to each other to keep it clear in our own minds that what we did is so important. It looks like we are on the path to winning the popular vote, and that says volumes about the importance of your work and the lasting impact it will have.’” http://huff.to/2eS8SqgBEING THERE -- From a former Hillary staffer: “There are two little girls around 6 years old with Hillary signs, look to be daughters of a local mom standing nearby, who stood outside HQ and yelled ‘don’t stop believing never give up’ every time a staffer left with all their stuff.”DOH! -- “Trump transition website lifts passages from nonpartisan nonprofit,” by Nancy Scola: “President-elect Donald Trump’s official government website, GreatAgain.gov, lifts the work of a nonprofit organization that provides research on presidential transitions, with some passages being duplicated whole-cloth. ... The Trump website was launched late Wednesday and replicates material on the copyrighted site of the Center for Presidential Transition, which is a project of the Washington-based nonpartisan Partnership for Public Service.” http://politi.co/2flPuT6DAY FOUR -- “Trump team rivalries spark infighting: Veterans of the Trump campaign see many of the same old patterns emerging again,” by Ken Vogel, Nancy Cook and Alex Isenstadt: “The tensions played a role in a Friday shakeup in which the president-elect replaced his transition team chief Chris Christie with his running mate Mike Pence. Sources familiar with the move say it was precipitated partly by clashes between Christie’s allies and rival factions on the transition team, as well as Trump’s influential son-in-law Jared Kushner. Those rifts and others are complicating what was an already a herculean task for Trump’s team: building a massive new government for a man who has never held public office. ... A handful of sources in and around the Trump transition team said there was no evidence that the president-elect had even reviewed any of the binders of policy and personnel proposals produced by the team. Trump’s only contact with the transition staff, the sources said, had come through Christie.” http://politi.co/2eNb4fjTODD PURDUM in Vanity Fair, “The Fall of the House of Clinton: How a political dynasty lost its way”: “It’s worth asking how a family name that once personified skill, adroitness, empathy, and effectiveness—and, yes, slipperiness and a legalistic tendency toward evasiveness—in modern politics came to embody the opposite of all the good qualities while amplifying and exaggerating the bad ones. ... [T]he overriding problem was Clinton’s lack of any message as clear and disciplined as her husband’s was in 1992 ... When I asked a long-serving Clinton aide this week if there was anything she could have done to keep from losing, he replied without missing a beat, ‘Sure: give people a reason to vote for her.’” http://bit.ly/2eRPhX4TRUMP INC. -- “Trump Organization planning ‘immediate transfer’ to kids, executives,” by Darren Samuelsohn: “Donald Trump is moving quickly before he's sworn in as president to get out of the real estate, golf course and hotel business. In a statement Friday, Trump's main business venture said it was ‘in the process of vetting various structures with the goal of the immediate transfer of management of the Trump Organization and its portfolio of businesses’ to the president-elect’s three oldest adult children as well as ‘a team of highly skilled executives.’ … Along with being the heirs to Trump's vast U.S. and international business holdings, his children Donald Jr., Ivanka and Eric, were also named on Friday to the 16-person executive committee running their father's transition efforts. The move raised eyebrows, as it furthered the stark overlap between Trump’s political and business interests.” http://politi.co/2ftATTb--“Watchdogs question Trump’s plans to keep his empire in the family: Short of selling his businesses, they say, he won’t be able to reassure the American people that he’s not acting in his own interests,” by Katy O’Donnell: “Trump’s empire includes over 500 entities, with hotels, real estate and branding deals scattered across five continents. As president, he’ll be able to steer policies affecting the Trump Organization ranging from lowering corporate taxes to establishing better relations with a country where the Trump brand is expanding. His lawyer, Michael Cohen, confirmed Thursday that Trump plans to turn the family business over to his adult children Donald Jr., Ivanka and Eric through what Cohen called a ‘blind trust.’ ‘That’s not a blind trust, that’s a seeing trust,’ said Norm Eisen, former ethics czar under President Barack Obama.” http://politi.co/2f2z0MRWITH FRIENDS LIKE THESE -- “Manchin slams Reid on Trump comments: ‘An absolute embarrassment’,” by Burgess Everett: “West Virginia Democratic Sen. Joe Manchin sharply criticized his own party leader on Friday evening, calling Senate Minority Leader Harry Reid's reaction to Donald Trump's election ‘an absolute embarrassment to the Senate as an institution, our Democratic party, and the nation.’ … On Friday Reid called Trump a ‘sexual predator who lost the popular vote,’ perhaps the harshest reaction to Trump’s victory uttered by a congressional Democratic this week.“Manchin said that Reid’s remarks were ‘wrong!’ and immediately moved to distance himself from the Democratic leader … ‘I want to be very clear, he does not speak for me. As difficult as it is for anyone to lose an election, the American people have spoken and Donald Trump is our President-elect. Senator Reid’s words needlessly feed the very divisiveness that is tearing this country apart,’ Manchin said. ‘We are Americans first, not Democrats or Republicans first. Unfortunately, there are some who forget that at times like these it is wrong to put party and politics above our country.’” http://politi.co/2eNjSBYAYOTTE SPEAKS -- NH1’s Paul Steinhauser has the interview: http://bit.ly/2fKyDrzOUCH! -- “Eric Trump heckled by teens while walking streets of NYC,” by Page Six’s Oli Coleman: “Eric Trump and his wife, Lara Yunaska, were harangued on the streets of Manhattan on Thursday night. The pair — who were on foot and had no apparent security — stopped by Quality Italian on 57th Street around 9:30 p.m., where a table of friends congratulated Eric on his father Donald Trump’s stunning win in Tuesday’s election. The couple left about five minutes later, but as they crossed Sixth Avenue a group of about eight teens yelled, ‘Eric — f - - k your father!’” http://pge.sx/2g560IrCOVER DU JOUR -- Bob Staake’s new New Yorker cover, “The Wall”http://bit.ly/2eRNFwxCLICKER – “The nation’s cartoonists on the week in politics,” edited by Matt Wuerker – 18 keepers http://politi.co/2fts1gePLAYBOOK ELECTION PREDICTION CONTEST RESULTS – From our more than 850 entries, only 23 Playbookers predicted that Trump would win. Our winner who got the most swing states right as well as Senate race results is Zack Dareshori, who works in Horizon Pharma’s D.C. office as a federal government affairs and policy research fellow. The Wellesley, Massachusetts, native and 2015 grad of Gettysburg College is looking to work in the Trump administration or on Capitol Hill in health policy ([email protected]).Why did he predict Trump would win? “I was volunteering for Lloyd Smucker’s congressional campaign up in PA-16 before the election. I was making calls and knocking doors 12 hours per day and was working out of the Lancaster County Republican Committee office ... I noticed a lot of hesitance from voters to admit support for Trump. I heard one story of a Trump field organizer going up to a house and meeting a couple that said they were both strong Hillary supporters.“After the husband left for work, the wife waved the organizer over and told him she was a Trump supporter and he was the first person she had ever told. Trump was so decried by the media that many of his supporters were ashamed to admit it to anyone including a pollster or even online in the age where there is so much buzz over digital information being hacked. What I was hearing from the media and from the polls did not match up with what I was seeing on the ground and I knew this couldn’t just be a local phenomenon. I had a strong feeling Trump would take PA and would have a wider margin of support than the polls were showing throughout the country.”Congrats to our runners up as well: Travis Martinez, who works at the National Restaurant Association in their policy shop; Elizabeth Yoder; and Jim Withgott, a retired publishing executive living in West Hartford.POLITICO CONGRESS TEAM EXPANDS – Carrie Budoff Brown, Mike Zapler and Bres email the staff: “Elana Schor has reported on Congress since 2005, covering Senate leadership and financial services for The Hill before joining The Guardian’s D.C. bureau. She transitioned to energy policy in 2009, coming to Politico in 2014 from E&E News. ... Kyle Cheney covered Massachusetts politics and government for six years before joining Politico Pro as a health care reporter in 2012. After mastering all things Obamacare, he joined Campaign Pro in 2014 and was a key player in our coverage of the midterms that year.“He moved to the politics team in mid-2015, and was a world-beater on the Republican delegate fight beat and again on the battleground states project during the general election. Austin Wright joined Politico as a web producer in 2011 after a stint as a middle school English teacher. A founding member of Pro Defense, he wrote the Morning Defense newsletter and covered defense issues on Capitol Hill and then at the Pentagon.”GREAT WEEKEND READS, curated by Daniel Lippman:--“Autocracy: Rules for Survival,” by Masha Gessen in N.Y. Review of Books: “I have lived in autocracies most of my life, and have spent much of my career writing about Vladimir Putin’s Russia. I have learned a few rules for surviving in an autocracy and salvaging your sanity and self-respect. ... Rule #1: Believe the autocrat. ... Rule #2: Do not be taken in by small signs of normality. ... Rule #3: Institutions will not save you. ... Rule #4: Be outraged. ... Rule #5: Don’t make compromises. ... Rule #6: Remember the future.” http://bit.ly/2fJh5OO (h/t Longreads.com)--“President Trump’s First Term,” by The New Yorker’s Evan Osnos back in September: “His campaign tells us a lot about what kind of Commander-in-Chief he would be.” http://bit.ly/2dcPOTP--“What Was Conservatism?” by Jennifer Burns in the Chronicle of Higher Education: “Forty years ago, George H. Nash created the field of conservative intellectual history. What can he tell us about the right today?” http://bit.ly/2g41rxT (h/t ALDaily.com)--“Losing the thread,” by Virginia Postrel in Aeon Magazine: “Older than bronze and as new as nanowires, textiles are technology — and they have remade our world time and again.” http://bit.ly/2eQFH70--“The Case Against Democracy,” by Caleb Crain in The New Yorker: “If most voters are uninformed, who should make decisions about the public’s welfare?” http://bit.ly/2fYENrx--“Revenge of the Forgotten Class,” by ProPublica’s Alec MacGillis: “Hillary Clinton and the Democrats were playing with fire when they effectively wrote off white workers in the small towns and cities of the Rust Belt.” http://bit.ly/2eLBaPP--“Explaining It All To You,” by Nathan J. Robinson in Current Affairs: “The persistence of Vox…” http://bit.ly/2fL9vBe (h/t TheBrowser.com)--“Scenes from a Donald Trump Victory Party,” by Mattathias Schwartz in The Intercept: “‘We’re the fucking establishment now. You and I. We’re not …’ the young red hat, encircled by his squad, pantomimed the old establishment with a swaying, limp-wristed dance. ‘We won. F*** them.’” http://bit.ly/2epS0bx (h/t Longform.org)--“Venezuela, A Failing State,” by William Finnegan in The New Yorker: “Once the richest country in South America, it now has the world’s highest inflation rate and is plagued by hunger and violent crime. How did this happen?” http://bit.ly/2fJtuSwGREAT WEEKEND LISTENS, curated by Jake Sherman:-- THE BUENA VISTA SOCIAL CLUB. An Anna Palmer pick. http://bit.ly/2fm4wZ9-- GRATEFUL DEAD today in 1972 at the Soldiers’ and Sailors’ Memorial Hall in Kansas City. http://bit.ly/2f2PlRxALEX TROWBRIDGE, who was part of the team who made the buzzy Bloomberg Politics videos, is starting with Stephen Colbert on Nov. 30.SPOTTED: Rob Reiner and Kathleen Sebelius at separate tables at Centrolina last night.PRESIDENT’S WEEK AHEAD – “On Monday, the President will depart Washington, DC en route Athens, Greece. ... On Tuesday, the President will arrive in Athens, where he will see President Pavlopoulos and meet with Prime Minister Tsipras. Later, the President will hold a press conference with Prime Minister Tsipras. Afterward, the President will attend a state dinner with President Pavlopoulos. ... On Wednesday, the President will take a tour of the Acropolis. Later, the President will deliver remarks at the Stavros Niarchos Cultural Center. Afterward, the President will depart Athens, Greece en route Berlin, Germany ... On Thursday, the President will meet and then hold a press conference with Chancellor Merkel. Later, the President will attend a dinner with Chancellor Merkel. ...“On Friday, the President will meet with Chancellor Merkel, President Hollande of France, President Rajoy of Spain, Prime Minister Renzi of Italy, and Prime Minister May of the United Kingdom. Later, the President departs Berlin en route Lima, Peru ... On Saturday, the President will attend the Asia Pacific Economic Cooperation (APEC) Leaders’ Summit, where he will hold a bilateral meeting with President Kuczynski. Later, the President will hold a Young Leaders of the Americas Initiative town hall. Afterward, the President will attend a gala dinner. ... On Sunday, the President will attend meetings at APEC and then hold a press conference. Later, the President will depart Lima en route Washington, DC.”WEEKEND WEDDING -- Ashley Johnson and Greg Scanlon eloped in a redwood grove in Big Sur, California, last weekend. They met in D.C. during an O’PAC going-away party for her roommate and his office-mate Carly Harris. Ashley worked in the congressional office of Rep. Dave Reichert (R-Wash.); Greg was the research director for the Democratic Governors Association. They moved to San Diego two years ago, where she works for public affairs firm Southwest Strategies and he founded Point Loma Strategic Research. SPOTTED: Various birds and woodland creatures. Pic http://bit.ly/2f1akUQCOMING ATTRACTIONS – David Chavern and the News Media Alliance are hosting a toast to the 2016 political press corps and their efforts this election on Sat., Nov. 19 at 6 p.m. at Juleanna Glover’s house. RSVP: [email protected]: Dr. Elena Allbritton (h/t Alexis Williams) ... Jeff Zients ... Tyrone Gayle, a Hillary for America alum and frequent birthday hat-tipper, is 29 … Sen. Jack Reed (D-R.I.) is 67 … Eurasia Group president Ian Bremmer is 47 -- read his post on “What a Trump Administration Means for U.S. Leadership”: http://bit.ly/2fKHkRj ... USA Today’s Nancy Trejos … Norman Y. Mineta is 65 ... Stephanie Kotuby, senior editorial producer for “PBS NewsHour” … Katie Harbath, Facebook Politics and Government team member, and the pride of Green Bay ... Rex Elsass ... Katie Stuntz … Ryan Coyne, an O.G. of IJ.com, is 29 ... Edelman alum Mark SooHoo, managing director for digital health at Burson-Marsteller … Politico Europe’s Bennett Richardson … Jenn Ridder, Denver native and western political director at the DCCC, celebrating a big birthday with friends and counting down the days to ski season (Steamboat opens over Thanksgiving) (h/t James Owens) ... Luca Spinelli … ThinkProgress’ Kira Lerner … Leo DiBenigno … Joe Johnston … Loop88’s Dave Weinberg ... Takaaki Mizuno is 58 … Kevin Gundersen, director of gov’t relations at Huntsman, is 35 … David Lawrence ... National Journal’s Alex Brown … Michelle Perry ... Kamal Marell and Jay Lumpkins, both Clemson track teammates with Tyrone Gale ... Amber Cottle ... Vinny Minchillo ...… Maria Cardona, principal at Dewey Square Group … Ross Baird, executive director at Village Capital ... Scott Beauchamp ... Mediaite’s Alex Griswold ... Olivia Lange, a student at Stanford’s GSB and a Boston Consulting Group and World Food Programme alum ... Erica Sackin, director of political comms at Planned Parenthood Federation of America ... Laura Mandy Mszar ... Gina Hill ... Sheila O’Connell, the pride of Cedar Rapids and Van Hollen campaign alum … Mica Strother … Pam Oatis, the pride of Dundee, Michigan (h/ts Teresa Vilmain) … Carol Gluck, professor of history at Columbia and expert on Japan, is 75 ... Neal Shusterman, author of young-adult fiction and winner of the National Book Award for “Challenger Deep,” is 54 ... Naomi Wolf, author, journalist and former political advisor to Al Gore and Bill Clinton, is 54 ... Nina Brosh, Israeli fashion model and actress, is 41 (h/ts Jewish Insider) ... Jake Orta of Rep. Sean Duffy’s office ... Crozer Connor of Rep. Mike Thompson’s office ... Frank Mazza of Sen. Toomey’s office ... former Rep. Diane Watson (D-Calif.) is 83 ... Al Michaels is 72 … Neil Young is 71 … Sammy Sosa is 48 … figure skater Tonya Harding is 46 … Ryan Gosling is 36 … Anne Hathaway is 34 (h/ts AP)SUNDAY SHOWS, by @MattMackowiak filing from Austin:--NBC’s “Meet the Press”: Guests to be announced--ABC’s “This Week”: Rudy Giuliani … Keith Ellison … Thomas Friedman. Panel: Van Jones, Bill Kristol, Mary Matalin and Katrina Vanden Heuvel--CBS’s “Face the Nation”: Newt Gingrich … Bernie Sanders. Panel: Jamelle Bouie, Peggy Noonan, Michael Gerson and Jeffrey Goldberg. Panel with CBS News 2016 campaign journalists back from the trail--“Fox News Sunday”: Kevin McCarthy … Kellyanne Conway. Panel: George Will, Julie Pace, Ben Domenech and Charles Lane--Fox News’ “Sunday Morning Futures”: (10am ET / 9am CT): Newt Gingrich … Jason Chaffetz … Mohamed El-Erian … Obamacare architect Ezekiel Emanuel. Panel; Ed Rollins, Real Clear Politics’ Caitlin Huey-Burns and Hank Sheinkopf--Fox News’ “MediaBuzz” (SUN 11am ET / 10am CT): Erin McPike … Kirsten Soltis Anderson … Julie Roginsky … Rich Lowry … Mo Elleithee … Sharyl Atkisson … Frank Luntz--CNN’s “Inside Politics” with John King (SUN 8am ET): Panel: Maggie Haberman, Jennifer Jacobs, Manu Raju and Dan Balz--CNN’s “State of the Union” (9am ET / 12pm ET): Paul Ryan … Rudy Giuliani … Michael Moore. Panel: Nia-Malika Henderson, Sara Murray, Sean Spicer and Rep. Xavier Becerra--CNN’s “Fareed Zakaria GPS” (SUN 10am, 1pm ET): Panel: Conrad Black, David Remnick, Dan Senor and Neera Tanden. Polling panel: FiveThirtyEight’s Harry Enten and NYT’s Nate Cohn. Foreign Policy panel: Ian Bremmer, Anne-Marie Slaughter and R. James Woolsey--CNN’s “Reliable Sources”: (SUN 11am ET): Panel: Dan Rather, Mollie Hemingway, Jeff Greenfield and Fusion.net editor in chief Dodai Stewart … Nate Silver. Media panel: Orange County Register columnist, radio host and CNN commentator John Phillips, Vox’s Elizabeth Plank and Daily Beast editor in chief and CNN commentator John Avlon. Constitutional and First Amendment attorney Floyd Abrams--Univision’s “Al Punto” (SUN 10am ET / 1pm PT): National Hispanic Christian Leadership Conference president Rev. Samuel Rodriguez. Panel: Rosario Marin, Adolfo Franco, José Parra and Fernand Amandi. United We Dream’s Cristina Jimenez and Arizona DREAM Act Coalition’s Erika Andiola … immigration lawyer Jessica Dominguez … singer-songwriter Espinoza Paz---C-SPAN: “The Communicators” (SAT 6:30pm ET): Audi of America president Scott Keogh … “Newsmakers” (SUN 10am ET): Luke Messer, questioned by National Journal’s Daniel Newhauser and WaPo’s Mike Debonis … “Q&A” (SUN 8pm & 11pm ET): Author and historian Candice Millard (“Hero of the Empire: The Boer War, a Daring Escape, and the Making of Winston Churchill”)
Экономия вредит контейнерным перевозкам // В 2015–2020 годах дисбаланс между предложением и спросом на рынке будет достигать 13,8%
Согласно новому докладу The Boston Consulting Group, ситуация на рынке контейнерных перевозок в ближайшие годы будет оставаться крайне неблагоприятной для перевозчиков, которые неверно подходят к экономии. Пытаясь сократить издержки на один контейнер, компании продолжают закупать все более крупные суда, что в итоге только усугубляет наблюдающийся на рынке избыток мощностей. В случае сохранения своей нынешней стратегии грузоперевозчики рискуют только усугубить свои финансовые проблемы.
As the election results rolled in Tuesday night, it became increasingly clear that America — and the world — would never be the same. The American people overlooked all of Republican nominee Donald Trump’s faults and elected him to office in the belief that he will fix the nation’s deep-seated problems of inequity and injustice. And they rebelled against the business interests and corruption that they believed Hillary Clinton represented. Trump’s victory was enabled by technology — everything from his use of social media to Clinton’s email scandals to Russian hacking. But advancements in technology and how they reshape our economy may also keep him from delivering on some of the major promises that made him so popular during the campaign season. The truth is that, over recent decades, the rich have been getting richer. Power has shifted to Wall Street and business. Globalization has caused the loss of millions of jobs in the United States. Some white Americans have also been terrified at the changing complexion — and values — of the country. Trump very smartly played to these fears and promised his supporters what he knew they wanted: greater economic opportunity by bringing back jobs shipped overseas. But those jobs, many in the manufacturing sector, are increasingly done by technology. Machines are learning to do the jobs of manufacturing workers; artificial intelligence-based tools are mastering the jobs of call-center and knowledge workers; and cars are beginning to drive themselves. Over the next decade, technology will decimate more jobs in many professions, inequality will increase and more people will be disadvantaged. Some robots already cost less to operate than the salaries of the humans they replace, and they are getting cheaper and better. Boston Consulting Group predicts that, by 2025, the operating cost of a robot that does welding will be less than $2 per hour, for example. That’s more affordable than the $25 per hour that a human welder earns today in the U.S., and even cheaper than the pay of skilled workers in the lowest-income countries. Trump may be able to keep immigrants out, but how will he stop the advance of robots? Uber and many other companies are working on developing cars and trucks that don’t need a driver in the driver’s seat. According to the American Trucking Associations, approximately 3 million truck drivers were employed in the United States in 2010, and 6.8 million others were employed in other jobs relating to trucking activity, including manufacturing trucks, servicing trucks and other types of jobs. So roughly one of every 15 workers in the country is employed in the trucking business. According to the U.S. Bureau of Labor Statistics, roughly another 300,000 people work as taxi drivers and chauffeurs. We could be talking about millions of jobs disappearing in the early 2020s. And then there is the “Gig Economy” that has some businesses shifting toward part-time, on-demand employment. Uber has already done this to taxi drivers, and other technology companies are doing it to a wide range of jobs. A study by software company Intuit predicted that, by 2020, 40 percent of American workers will be independent contractors, temps or self-employed, and that full-time jobs will be harder to find. We are talking about 60 million people in this category. The problem is that not only do such part-time workers lack reliable full-time jobs and sick pay, but they are not entitled to health insurance and longer-term benefits. Even if Obamacare continued, they would not be able to afford it. The remedies that are being proposed are to impose trade barriers. But closing the doors to foreign trade won’t bring jobs back. It will only slow the global economy and hurt American exports, thereby shrinking the U.S. economy and accelerating job loss. The silver lining to this dark cloud is that these technology advances also provide solutions to the problems of humanity, such as a lack of energy, food, education and health care. The production costs of clean energies, such as solar and wind, will keep As the election results rolled in last night, it became increasingly clear that America — and the world — would never be the same. The American people overlooked all of Republican nominee Donald Trump’s faults and elected him to office in the belief that he will fix the nation’s deep-seated problems of inequity and injustice. And they rebelled against the business interests and corruption that they believed Hillary Clinton represented. Trump’s victory was enabled by technology — everything from his use of social media to Clinton’s email scandals to Russian hacking. But advancements in technology and how they reshape our economy may also keep him from delivering on some of the major promises that made him so popular during the campaign season. The truth is that, over recent decades, the rich have been getting richer. Power has shifted to Wall Street and business. Globalization has caused the loss of millions of jobs in the United States. Some white Americans have also been terrified at the changing complexion — and values — of the country. Trump very smartly played to these fears and promised his supporters what he knew they wanted: greater economic opportunity by bringing back jobs shipped overseas. But those jobs, many in the manufacturing sector, are increasingly done by technology. Machines are learning to do the jobs of manufacturing workers; artificial intelligence-based tools are mastering the jobs of call-center and knowledge workers; and cars are beginning to drive themselves. Over the next decade, technology will decimate more jobs in many professions, inequality will increase and more people will be disadvantaged. Some robots already cost less to operate than the salaries of the humans they replace, and they are getting cheaper and better. Boston Consulting Group predicts that, by 2025, the operating cost of a robot that does welding will be less than $2 per hour, for example. That’s more affordable than the $25 per hour that a human welder earns today in the U.S., and even cheaper than the pay of skilled workers in the lowest-income countries. Trump may be able to keep immigrants out, but how will he stop the advance of robots? Uber and many other companies are working on developing cars and trucks that don’t need a driver in the driver’s seat. According to the American Trucking Associations, approximately 3 million truck drivers were employed in the United States in 2010, and 6.8 million others were employed in other jobs relating to trucking activity, including manufacturing trucks, servicing trucks and other types of jobs. So roughly one of every 15 workers in the country is employed in the trucking business. According to the U.S. Bureau of Labor Statistics, roughly another 300,000 people work as taxi drivers and chauffeurs. We could be talking about millions of jobs disappearing in the early 2020s. And then there is the “Gig Economy” that has some businesses shifting toward part-time, on-demand employment. Uber has already done this to taxi drivers, and other technology companies are doing it to a wide range of jobs. A study by software company Intuit predicted that, by 2020, 40 percent of American workers will be independent contractors, temps or self-employed, and that full-time jobs will be harder to find. We are talking about 60 million people in this category. The problem is that not only do such part-time workers lack reliable full-time jobs and sick pay, but they are not entitled to health insurance and longer-term benefits. Even if Obamacare continued, they would not be able to afford it. The remedies that are being proposed are to impose trade barriers. But closing the doors to foreign trade won’t bring jobs back. It will only slow the global economy and hurt American exports, thereby shrinking the U.S. economy and accelerating job loss. The silver lining to this dark cloud is that these technology advances also provide solutions to the problems of humanity, such as a lack of energy, food, education and health care. The production costs of clean energies, such as solar and wind, will keep falling till they are almost free. With artificial intelligence-based applications, we will have digital doctors advising us, and advances in medicine will allow us to live longer and healthier lives. Robots will do our chores; digital tutors will teach us new skills. It becomes possible to provide for everyone’s needs. But all of this requires understanding the cause and effects of inequity and applying more carefully the technologies that are going to change the equation. We now need a nationwide conversation on how we can distribute the prosperity we are creating. We must create equity and fairness in our legal, justice and economic systems. And, recognizing that technology will disrupt entire industries and wipe out millions of jobs, so we must ease the transition and pain for the people most affected and least prepared. falling till they are almost free. With artificial intelligence-based applications, we will have digital doctors advising us, and advances in medicine will allow us to live longer and healthier lives. Robots will do our chores; digital tutors will teach us new skills. It becomes possible to provide for everyone’s needs. But all of this requires understanding the cause and effects of inequity and applying more carefully the technologies that are going to change the equation. We now need a nationwide conversation on how we can distribute the prosperity we are creating. We must create equity and fairness in our legal, justice and economic systems. And, recognizing that technology will disrupt entire industries and wipe out millions of jobs, so we must ease the transition and pain for the people most affected and least prepared. For more, follow me on Twitter: @wadhwa or visit my website: www.wadhwa.com -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
U.S. Ecommerce Strong, but Southeast Asia Stronger
Hermes Ma, Senior Manager, Agency Services, Merkle, China • Louis Gao, Senior Analyst, Paid Search, Merkle, China • Guiming Xiao, Manager, Digital Solutions, Merkle, US Singles’ Day, China’s biggest e-commerce day annually, takes place on November 11. For just one single day, Tmall (the main shopping platform under Alibaba Group), will generate sales that eclipse the entirety of US e-commerce revenue on Cyber Monday and Black Friday combined ($5.8 Billion). For example, in 2015, Tmall witnessed 91.2 billion RMB in sales, which is equivalent to $14.3 billion USD, breaking the previous record (also owned by Tmall) only halfway through the day. In total, 2016 Tmall singles day sales beat the previous ecommerce record by 59.7% and beat Black Friday/Cyber Monday revenue by 146%. The massive ecommerce activity on Singles’ Day is not limited to Tmall alone as the online shopping heat expands across the entire Chinese ecommerce space. This presents a massive opportunity for ecommerce advertisers considering expansion into China. Baidu, the No.1 search engine in China, is an inseparable part of the e-commerce ecosystem. Last year, Merkle announced its official partnership with Baidu, which means Merkle is Baidu’s first US-headquartered reseller for brands seeking growth in China (learn more about Merkle & Baidu partnership here. In addition to its basic search engine function, it offers a wide range of services including Baidu Map, Baidu Cloud (a cloud storage service), Baidu Encyclopedia, Baidu Experience, MP3 Search, travel-booking, and so on. As part of the Merkle search team, we are most interested in Baidu’s primary advertising product, similar to Google AdWords, which is called Baidu Tuiguang (which means “promoting” or “advertising” in Chinese). This platform allows advertisers to show their ads on Baidu search results pages and on other websites that belong to Baidu Union (similar to Google Display Network). If you have experience with both Google AdWords and Baidu Tuiguang, you’ll find them very similar in terms of keyword creation, campaign management, and bidding adjustments. There are even additional targeting features and products that mirror previous/current Google betas. For example, our team is testing a product called “Brand Industry Bidding” that functions similarly to Google’s Target Outranking Share Bidding product, by enabling advertisers to bid on relevant domains as opposed to keywords (more to come in a separate blog post). However, the disappointment is that Baidu’s tools are all in Chinese, which poses a big challenge for non-Chinese speakers. That’s why we wanted to share what we learned about Baidu Tuiguang here, so that anyone interested in using Baidu to promote their brands won’t be deterred by the language barrier. An earlier report from Boston Consulting Group shows that Chinese consumers care more about brands than Westerners do, which means getting their brand names in front of potential customers is even more crucial for advertisers extending their businesses in China. To better serve advertisers to achieve that, Baidu offers different solutions for businesses at different scales. We’d like to introduce you to the following three types of brand ads that are often used by advertisers on Baidu Tuiguang. 1. Brand Zone This type of brand ad has a similar look as RAIS (Rich Ads in Search) on Bing. They show in the top position on SERP (search engine results page), including multiple links to the site. Compared to RAIS, Brand Zone owns a bigger space on SERP so that they are more likely to catch people’s eyes and get a higher CTR, a result proven out through testing by our Baidu SEM team. However, Brand Zone runs on a CPT (cost per time) model, which means the ads are purchased on a monthly basis. According to Baidu, the price of the ads depends on the estimated traffic of brand keywords and the industry CPM. Advertisers will have to reach out to Baidu representatives for more specific pricing information, but one thing for sure is that Brand Zone is less affordable for small brands. Brand Zone ads are shown in different forms, including standard and advanced. For advanced forms, there are seven types available, with some types featuring videos and some only having static images (click here to view all the options on Baidu’s own site). Overall, Brand Zone presents a brand in a very polished way. 2. Brand Business Card Compared to Brand Zone, this type of brand ads is a better fit for small, regional businesses. Despite a smaller space on SERP, Brand Business Card requires a smaller budget, which is 2,500 RMB for 3 months. There are other limitations, though. Each account can only buy one brand keyword, and the ads are only allowed to reach one region, which in most cases is one province or the capital city of a province. 3. Brand Starting Line Similar to Brand Business Card, this type of ad fits small businesses well. These two types have almost the same appearance. The main differences are that, for Brand Starting Line, advertisers have to buy the space on a monthly basis and pay prices calculated by Baidu’s system (which could mean more expensive). In return, advertisers are allowed buy more than 20 brand keywords and reach up to 5 regions. In addition to these three types of product offerings, Baidu offers many other ways for brands to increase their exposure to consumers and build brand reputation. Although they all require extra budget in paid search ads, brands look at them as fast and effective ways to reach their audience. They are worth considering for international brands trying to enter the Chinese market. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
В глобальный рейтинг-2015 компаний, обеспечивающих своим акционерам максимальный доход, впервые с 2010 г. не вошла ни одна компания из России. Рейтинг составляет Boston Consulting Group (BCG) ежегодно на основе средневзвешенного совокупного дохода акционеров (total shareholder return – TSR) за предыдущие пять лет, т. е. рейтинг-2015 основан на усредненном показателе за 2010–2014 гг. Кроме основного рейтинга BCG составляет такие же топ-10 по отраслям, а также отдельный рейтинг для компаний с наибольшей капитализацией (от $50 млрд). Подробнее читайте на нашем сайте www.oilru.com