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Richard A. Chance

Good afternoon.

Economics Nobel prize

The Nobel prize for economic sciences was announced. The joint winners are Abhijit Banerjee, Esther Duflo, and Michael Kremer, for their work in alleviating global poverty.

Three professors won the 2019 Nobel prize for economics for their work on fighting poverty

In India, where he was born and completed his early studies, the praise for Banerjee might be grudging, at best. He is not a supporter of the current government and has been a dissenting voice on several key issues. As I write this, the prime minister, so prolific on social media, is yet to offer any

In India, where he was born and completed his early studies, the praise for Banerjee might be grudging, at best. He is not a supporter of the current government and has been a dissenting voice on several key issues. As I write this, the prime minister, so prolific on social media, is yet to offer any congratulations to only the tenth Nobel laureate of Indian origin.

Quartz Members: What comes after the iPhone?

Can Apple do it again? The iPhone turned Apple from a successful computer company into the world’s most profitable consumer electronics operation. But its success could also spell Apple’s undoing.

Can Apple do it again?

Apple is at crossroads. It revolutionized the way we communicate with the iPhone nearly 13 years ago, but its longtime cash cow has started to waver. Apple has a host of new bets in the works, some that could also change the world as the iPhone did. But will any of them actually be able to do it?

Apple’s streaming service is surrounded by questions. We know that Apple TV+ will cost $4.99, that it’ll launch on Nov. 1 with eight original series, and that it won’t have ads. But most of the rest is still a mystery.

Trying to dominate TV is like nothing Apple has ever done before

It is smart to offer the service at $5/month...

I am not convinced that Apple will dominate original content out of the gate. It would depend heavily upon personnel. Everyone loves to festoon Netflix and Amazon with developmental praise but from what I’ve seen, most of their best content is leftovers

It is smart to offer the service at $5/month...

I am not convinced that Apple will dominate original content out of the gate. It would depend heavily upon personnel. Everyone loves to festoon Netflix and Amazon with developmental praise but from what I’ve seen, most of their best content is leftovers from things developed elsewhere. I truly believe that unless you bring on the behind-the-scenes creatives, your front-of-house content will not have the same depth and stamina boasted by the long term heavy hitters like HBO. Not to mention half of what Netflix distributes was created entirely independent of the studio, which is cool and great but doesn’t prove that the newcomers have the secret sauce recipe. It just indicates they can recognize another’s well conceived ideas and then distribute them, which is a very smart way to build your catalogue and brand loyalty while waiting for the truly original content to resonate. Apple doesn’t have a catalogue and the current trend of pulling libraries is likely to continue.

Apple did right to bring over some great industry heavy hitters but imagining yourself as a direct competitor of HBO is a bit like me taking my first novel to Random House.

Online in China

CEO-ing

Marathon records shattered

Eliud Kipchoge broke the two-hour marathon barrier. But it took a team of 42 other runners and one electric car to keep the 34-year-old Kenyan on pace to finish in 1 hour 59 minutes and 40 seconds.

It took 43 of the world’s fastest runners to break the 2-hour marathon barrier

Most people will only remember Kipchoge, but there was a dream team of world class runners surrounding him yesterday. Perhaps the event should also be remembered for the massive collection of talent that put their egos to the side to help him do the seemingly impossible.

Amazing effort by all involved. Kipchoge is a phenomenal athlete, one of the best runners of all time. This was a great use of strategy and technology, as well as his sheer will to achieve the impossible, to push him past the limit.

Turkey attacks Syrian Kurds

Russia bombed hospitals in Syria. A New York Times investigation found the attacks were part of a coordinated strategy to stamp out resistance to Syrian president Bashar al-Assad.

12 Hours. 4 Syrian Hospitals Bombed. One Culprit: Russia.

Four hospitals bombed in just 12 hours – all four of which were on the UN’s deconfliction list, meaning Russian and Syrian forces knew exactly what they were targeting, knew that doctors and patients would die, and they still destroyed them. Impunity is what happens when generals and despots believe

Four hospitals bombed in just 12 hours – all four of which were on the UN’s deconfliction list, meaning Russian and Syrian forces knew exactly what they were targeting, knew that doctors and patients would die, and they still destroyed them. Impunity is what happens when generals and despots believe the rules don’t matter and that they will face no consequences for violating them. These attacks make it clear that we’re living in an Age of Impunity.

Brexit fatigue

Brexit negotiators make a last-ditch effort to cut a deal. Discussions are in overdrive ahead of Thursday and Friday's European Council summit. But the continent is tired of reading about it, and the media has moved on in Paris, Rome, and Madrid.

Brexit negotiations are heating up for real, but the continent is tired of reading about it

As I was going through the news this morning for my weekend shift, it was obvious that Brexit was a still a big story in London, but not so much in Rome or Paris. That’s even though the negotiations are maybe, possibly, potentially, finally getting somewhere. Everyone has Brexit fatigue at this point

As I was going through the news this morning for my weekend shift, it was obvious that Brexit was a still a big story in London, but not so much in Rome or Paris. That’s even though the negotiations are maybe, possibly, potentially, finally getting somewhere. Everyone has Brexit fatigue at this point, but that’s doesn’t mean it’s not important.

Free Willy

Come back soon

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Samsung’s Galaxy Fold launches April 26, starting at $1,980

The last time we saw Samsung’s foldable on-stage, it was, quite literally, shrouded in darkness. The company debuted a prototype of the upcoming device at a developer conference, showing its foldin...

Read more on TechCrunch

From Our Members

  • Is this Samsung strategy to price Fold so high that it generates excitement/publicity and consumers flock to check it out. And then eventually purchase the S10?

  • I honestly don’t know why I would want a foldable phone. The technology is interesting, but not any real purpose...

  • It feels like just yesterday that Apple's iPhone X broke the $1,000 phone barrier and now here we are less than 2 years later looking at a $2K handset.

  • It looks like Samsung didnt learn very much from Apple's latest blunder. Although I see a future for this type of product, this entry point is a little steep

  • Great to see this innovation, but it doesn't come cheap...it will be interesting to see how this really plays out with apps and experiences. Is it a transformative new experience or just two phones connected by a cool hinge? #samsung #foldable #5G #mobility

  • (Immediately starts saving money)

  • Time will tell if this catches on, but isn't the future of foldable materials in phones that can absorb shock so don't break? (Not sure how that fits with the pro-planned obsolescence tech companies though.)

  • Will eagerly await the "Fold 2."

  • At least they're investing in innovation and not spending time and money purely on marketing and sueing other companies for technology they themselves did not invent. (cough*Apple*) Albeit expensive and may or may not have future use in handheld personal devices, it's at least something new and perhaps

    At least they're investing in innovation and not spending time and money purely on marketing and sueing other companies for technology they themselves did not invent. (cough*Apple*) Albeit expensive and may or may not have future use in handheld personal devices, it's at least something new and perhaps will be of use in other industries.

  • Ehhh.... More expensive that a higher end Mac or amazing pc. That mixed with the unusual concept could result in another black eye for Samsung. Apple user fanaticism may have given this product "legs" as the next new "thing". But the devotion here is to Android, no Samsung. I don't see this getting out

    Ehhh.... More expensive that a higher end Mac or amazing pc. That mixed with the unusual concept could result in another black eye for Samsung. Apple user fanaticism may have given this product "legs" as the next new "thing". But the devotion here is to Android, no Samsung. I don't see this getting out of the atrophied "enthusiasts" market.

  • This rush to deliver more expensive phones can only lead to reduced sales. Apple and Samsung are out of touch with the broader mobile phone market. Sell a full featured mobile phone for $300 and the world will beat a path to your door. While the world of expensive mobile phones and million dollar cars

    This rush to deliver more expensive phones can only lead to reduced sales. Apple and Samsung are out of touch with the broader mobile phone market. Sell a full featured mobile phone for $300 and the world will beat a path to your door. While the world of expensive mobile phones and million dollar cars is interesting, the actual market is quite small.

  • But why does the single-fold view look so... weird? The graphics only take up like 75% of the screen? Then, it looks beautiful with edge-to-edge graphics when it opens.

  • 2 batteries, twice the screen space = double the price!

  • Nearly $2k for a redefined phablet. I’m all about these foldable phones, I think there will be some amazing devices coming in the future. But “in the future” is the key. The galaxy fold looks ugly and unpolished and no doubt has tons of glitches. I don’t think Samsung has quite learned that being first

    Nearly $2k for a redefined phablet. I’m all about these foldable phones, I think there will be some amazing devices coming in the future. But “in the future” is the key. The galaxy fold looks ugly and unpolished and no doubt has tons of glitches. I don’t think Samsung has quite learned that being first isn’t always the same as being the best. I’ll save my $2k for one of the more refined phones bound to hit the shelves in the next year or so.

  • Yea, I spent a thousand dollars on my new Galaxy S9 note. Thinking when this phone dies I will go back to a regular old phone and no unlimited data plan for an exhorbanent of money. I'm tired of making other people richer.

  • Surprising that Samsung announced this at the same time as a 5G phone. The 5G capability seems more relevant to consumers. But there’s two big strategies I see, reading between the lines:

    - Samsung is sprinting to be the innovation leader as Apple shows signs of getting stale

    - The expensive folding

    Surprising that Samsung announced this at the same time as a 5G phone. The 5G capability seems more relevant to consumers. But there’s two big strategies I see, reading between the lines:

    - Samsung is sprinting to be the innovation leader as Apple shows signs of getting stale

    - The expensive folding phone is a price anchor (a classic strategy in restaurant menus) to make the $1,000 bracket feel cheaper to consumers.

  • It will ge interesting how many people buy this. I personally will not be.

  • Such a money grab.

  • Amazing 🙊