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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.

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.

What comes after the iPhone?

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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Japan looks to launch driverless car system in Tokyo by 2020

A self-driving car service could be on Tokyo's public roads in time for the 2020 Olympics as Japan looks to drive investment in new technology to drive economic growth, according to a government st...

Read more on Reuters

From Our Members

  • This could be a very exciting example of Japan’s unique ability to build scalable systems that can be exported to the rest of the world. Stay tuned.

  • I’m actually kind of surprised that this hasn’t happened already. The Japanese tend to be much further ahead of us technology-wise so the question would be why did they wait this long. I think the answer to that is the technology wasn’t quite ready yet. I’m not sure the technology will be ready even

    I’m actually kind of surprised that this hasn’t happened already. The Japanese tend to be much further ahead of us technology-wise so the question would be why did they wait this long. I think the answer to that is the technology wasn’t quite ready yet. I’m not sure the technology will be ready even at that point. The thing is, it’s all good trying to create a program that can anticipate all these different factors using all these different sensors. However, until you can get a computer that actually thinks more like a human and can use all of the information thats coming in. I don’t think the technology is ever going to really work right. Although, if anybody can get it to work it’ll be the Japanese.

  • Japan is such a great example of the variety of ways technology can be utilized. With how fast-paced and populated Tokyo is at any given time, this could be a great addition to all of the wonderful features already provided in the city. I love that it’s not going to be rushed like so many of these types

    Japan is such a great example of the variety of ways technology can be utilized. With how fast-paced and populated Tokyo is at any given time, this could be a great addition to all of the wonderful features already provided in the city. I love that it’s not going to be rushed like so many of these types of products are. Just a couple of weeks ago, there was news of Uber’s self-driving car killing someone...with a driver behind the wheel. Even the testing aspect of this can’t be rushed, and I trust that Japan will focus on mastering this technology before making it public, even if it goes beyond 2020.

    This is such a cool time to be alive.