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Richard A. Chance

Good evening.

US responds to Turkey in Syria

The US is rethinking its Turkish nuclear weapons stash. As Turkey coordinates with Russia to plan its push into northern Syria, replacing and sometimes firing on American troops, the US military is questioning the wisdom of trusting its erstwhile ally with 50 thermonuclear bombs.

The US is rethinking the 50-plus nuclear weapons it keeps in Turkey

The sooner we move the nukes out of Turkey, the better. Having them there is a colossal risk that hasn’t provided any benefit to the US in decades.

We should also be pushing to cut ties with Turkey more broadly, up to and including demanding their eviction from NATO. They are an ally in name only, exploiting

The sooner we move the nukes out of Turkey, the better. Having them there is a colossal risk that hasn’t provided any benefit to the US in decades.

We should also be pushing to cut ties with Turkey more broadly, up to and including demanding their eviction from NATO. They are an ally in name only, exploiting their diplomatic status for material gain while actively working against American interests and forging ever-stronger ties with Putin’s Russia.

Obviously we also should not in any way support their atrocities in Syria, but Trump’s actions (or rather, his decision to avoid any action) might mean it’s already too late for that.

Car startups stall

Disney unveils Disney+

Twitter Disney-fied. Ahead of its November 12 launch, Disney posted a massive Twitter thread listing every single movie and show set to air on the service, TechCrunch reports. There's also a 3-hour long YouTube promo.

Disney+ tweets all the movies and shows coming to its streaming service

I like this little stunt, as it shows just how much stuff will be coming to Disney's new streaming service next month. It's also a bit of a shot across the bow of other services launching soon, especially Apple's TV+. Can anyone come close to matching Disney's deep back catalogue? Apple has no existing

I like this little stunt, as it shows just how much stuff will be coming to Disney's new streaming service next month. It's also a bit of a shot across the bow of other services launching soon, especially Apple's TV+. Can anyone come close to matching Disney's deep back catalogue? Apple has no existing IP to lean on when trying to convince people to join its service.

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 as this Quartz member exclusive shows, its success could also spell Apple’s undoing.

Can Apple do it again?

I don't think apple will be able to come up with a product as influential as the Iphone was to its quarterly revenue. The focus should really be on the apple ecosystem (apple pay, music, tv...etc). This would mean selling the iphone at an even cheaper price to allow users to embrace apple services. This

I don't think apple will be able to come up with a product as influential as the Iphone was to its quarterly revenue. The focus should really be on the apple ecosystem (apple pay, music, tv...etc). This would mean selling the iphone at an even cheaper price to allow users to embrace apple services. This is the most sensible strategy in the near term while they work on the next big thing which may not be big after all.

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.

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.

The last Nobel for poverty alleviation went to Muhammad Yunus, the Bangladeshi social entrepreneur, banker and economist, for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. But he didn’t get an economics Nobel. He won the Peace Prize. It seems significant that

The last Nobel for poverty alleviation went to Muhammad Yunus, the Bangladeshi social entrepreneur, banker and economist, for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. But he didn’t get an economics Nobel. He won the Peace Prize. It seems significant that the work of Esther Duflo and her longtime collaborator and partner Abhijit Banerjee (as well as Michael Kremer) has been recognised in this way. That too, just days ahead of the UN’s International Day for the Eradication of Poverty, a rather anodyne designation, but now given a new focus. A different-strokes-for-different-folks approach that truly tries to understood how the poor make decisions about housing, healthcare, hygiene products even.

Online in China

China’s propaganda app can snoop into users’ phones. The Chinese Communist Party bills its app as a fun educational tool. But it can learn the habits of more than 100 million users.

An app to teach Xi Jinping thought can study the phones of its 100 million users

Funny, you’d figure the CCP would have co-opted Weibo to do exactly the same thing - but with a great many more users. Of course, there is nothing that says it hasn’t done that also. More of the same from China’s all glorious, just and far seeing Communist Party.

Indigenous Peoples' Day

More places are abandoning Columbus Day in favor of Indigenous Peoples’ Day. The growing recognition of the alternative celebration represents the fruits of a concerted, decades-long effort to recognize the role of indigenous people in the nation’s history.

Why more places are abandoning Columbus Day in favor of Indigenous Peoples’ Day

America really must deal with the facts of its history so that we can actually achieve our levels of greatness. How can we know who we are when we won’t acknowledge the darkness we’ve come from?

Acknowledge the REAL historical facts so that we can have some real national pride not this fabrication that’s come from politics.

While in college, I took an upper level political science course titled International Relations: Non Western Lenses. In that class I studied the journal of Columbus and his peers in Hispaniola (present day Haiti and DR.) One thing that stood out was his ideological conviction — maybe we’d call it insanity

While in college, I took an upper level political science course titled International Relations: Non Western Lenses. In that class I studied the journal of Columbus and his peers in Hispaniola (present day Haiti and DR.) One thing that stood out was his ideological conviction — maybe we’d call it insanity now — to enforce “Gods will” and bring glory to the crown of Spain. His fervor justified the intentional massacre of an entire group of people. And he didn’t hide it either. He’d detail in his journal how many they would kill, methods of killing, and also various observations about the supposed inferiority of the Taino people.

Until reading this article, I knew nothing about the US immigration agenda behind promoting Columbus Day — which is full of irony. Fast forward 400 years later, we have Columbus’ kin people seeking acceptance in a new country, only to be unwelcomed and experience discrimination.

Humans are weird. We’ve created categories all over the world used to impose hierarchies of positional superiority/inferiority. For what reason? Power. Nothing’s really changed. The same game still exists, just different players. But I’d like to hope that public awareness is shifting — thanks to movements like Indigenous People’s Day. History has multiple perspectives.

CEO-ing

Making sure the kids are alright

One in three young adults is lonely—and it hurts their mental health. Over a six-month period, people who are lonely are more likely to experience higher rates of depression, social anxiety, and paranoia.

1 in 3 young adults are lonely—and it hurts their mental health

Loneliness is an epidemic. You’ve probably heard that in the developed world it affects older people, which makes sense because most don’t work and their social connections are weaker. But there’s another group it affects even more: young adults.

I think the billion-dollar question of our time (after

Loneliness is an epidemic. You’ve probably heard that in the developed world it affects older people, which makes sense because most don’t work and their social connections are weaker. But there’s another group it affects even more: young adults.

I think the billion-dollar question of our time (after climate change) will be about how we can help build meaningful social connections and protect the vulnerable, both old and young, from isolation and its corrosive effects on mental and physical health.

Totally true. This is among the many reasons why depression has been reported to be up to six times higher among Ph.D. students when compared to the general population. Their isolation is real...

Come back soon

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S&P 500 Hits Record Close After Fed Hints at Interest-Rate Cut

S&P 500 Hits Record Close After Fed Hints at Interest-Rate Cut

Read more on The Wall Street Journal

From Our Members

  • The Fed put... it doesn’t go away. We can’t rely on easy monetary conditions forever. Sadly, that’s what the market is forcing central banks to do. Is anyone concerned of the following: massive US debt load; trade war with China; potential for an actual war with Iran; pending US presidential election

    The Fed put... it doesn’t go away. We can’t rely on easy monetary conditions forever. Sadly, that’s what the market is forcing central banks to do. Is anyone concerned of the following: massive US debt load; trade war with China; potential for an actual war with Iran; pending US presidential election; and slowing growth worldwide... but hey, let’s be at all time highs.

  • So I guess this means that Jerome Powell gets to keep his job for at least another couple weeks? The relationship between Trump and Powell is really interesting. Trump asks for rate cuts, and even though he hasn't gotten them yet - Powell and the rest of the Fed is clearly paving the way for them. Meanwhile

    So I guess this means that Jerome Powell gets to keep his job for at least another couple weeks? The relationship between Trump and Powell is really interesting. Trump asks for rate cuts, and even though he hasn't gotten them yet - Powell and the rest of the Fed is clearly paving the way for them. Meanwhile Trump's attacks on Powell kind of maintain the veneer of political independence and probably will even allow Powell to re-enter mainstream elite society post-Washington (unlike many other Trump appointees).

  • I don't mean to be mean but the fed didn't cut rates they said they might in future. It is euphoric hope driving prices. It has to get better it just has to seems to be the prayer of the day.

  • "Irrational exuberance" was a phrase coined by then-Federal Reserve Board chairman, Alan Greenspan in the 90s. It is quite clear that we are doomed to repeat history, and that we have not learned anything. Investor enthusiasm continues to drive asset prices up to levels that aren't supported by fundamentals

    "Irrational exuberance" was a phrase coined by then-Federal Reserve Board chairman, Alan Greenspan in the 90s. It is quite clear that we are doomed to repeat history, and that we have not learned anything. Investor enthusiasm continues to drive asset prices up to levels that aren't supported by fundamentals. The liquidity and private-equity firms bumping late-stage pre-ipo companies that do not understand the first thing about cost control or operational efficiencies, much less economic models that deliver and clear paths to profitability will create massive issues for the financial markets, it is just a matter of who is going to be left holding the bag.