China: Ride-hailing firms face Internet blackout

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS AGENCY ‘SHINE’)

 

Ride-hailing firms face Internet blackout

Ride-hailing firms that still allow unqualified drivers and cars to operate may lose Internet access or have their apps removed, according to the Shanghai Transportation Commission’s law enforcement department.

Unqualified drivers and cars refer to drivers who don’t have permanent Shanghai residency and private or rented cars without a Shanghai certificate to transport passengers.

When law enforcement officers visited Didi Chuxing, Meituan Dianping, Xiangdao Chuxing and Shouqi Limousine & Chauffeur on Monday and Tuesday, they found Didi and Meituan still had a fairly large number of unqualified drivers and cars providing ride-hailing services.

Didi was fined 200,000 yuan (US$28,300) and Meituan 30,000 yuan.

Since July, the two firms have received 114 tickets from the city’s traffic authority. Altogether, Didi was fined 5.5 million yuan and Meituan 1.47 million yuan in July.

However, the fines seem have done little to persuade these firms to regulate their drivers and cars. Over the past three days, more than 80 percent of unqualified ride-hailing cars detected by the traffic authority’s online supervisory platform came from Didi and another 15 percent from Meituan.

Both Didi and Meituan say they will keep working with the authorities to weed out unqualified cars, but neither could give an exact number of how many unqualified cars and drivers there are, and neither had a timetable for eliminating them.

Penalties may be increased if the situation carries on, law enforcement officers said. According to the Shanghai Communications Administration, the apps that allow illegal ride-hailing cars to operate may face a temporary shutdown.

“The apps will be removed from the app stores, or they will lose Internet access, up to six months,” said an administration official.

China, Trump And Tariffs: My Idea On How To Best Do The Tariffs

China, Trump And Tariffs: My Idea On How To Best Do The Tariffs

 

First, the government of China is no one’s friend just as Putin’s government in Russia nor is the fat little Rocket Man in North Korea. I know that statement will bring a rebuke from Mr. Trump who thinks these guys love him, but then again, he is possibly the world’s biggest idiot. I did not say that the people of these countries are ass-hats like their Leaders and Ours are. I have nothing against the people of these Countries, just their Leaders, and our Leaders.

 

Now, about those tariff’s, this is what I wish our government’s policies were toward China. Personally I believe that the whole world should stop buying anything that has to do with China as long as they have a Communists government in place who seems to think that everything on earth should be theirs to control, including all the land, oceans and air space. When anyone buys anything that is made in China you are feeding their military buildup that they will use to subjugate their own people and the people of the Nations around them.

 

But for a more doable emmediate tariff policy I believe the following approach should be adopted. Instead of having a trade war with China via tariff’s I believe that our government should only put tariffs on products that are coming into the U.S. from companies who have outsourced jobs that used to be here in our Country.  Including to China, Indonesia, Vietnam, Mexico or any other Nation. For the purpose of an example let us use General Motors. If General Motors wants into the Chinese market for the purpose of making vehicles for the Chinese market I have no problem with that at all. But, if they take jobs away from our people and then want to sell in our market I believe that our government needs to put a 100% tariffs on all of those imports. Make it very un-profitable for the company to take away American jobs if they want to sell to our market. This program would keep American companies from closing factories here and it would force the companies who have closed shops here to reinvest in our Nation, not an enemy Nation like China.

 

As I said earlier, the people of China are not our enemy, but their government damn sure is. And, in my opinion, companies who have outsourced American jobs for the sole purpose of higher profits should be treated as enemies of the American people. If you have noticed, when a company closes shop here in the States and moves to a “cheaper” place to make their products they never ever lower the prices they sell their products for. If a company made a product here in the States and sold it for $20 then they close shop here and move to China they still sell the product for $20, the name of the game is all and only about profits, to hell with the people, they only want your money. We need to quit giving it to them. Force them to move back here, if they refuse then tariff the hell out of them and also sell all of their stock, don’t allow it to be sold on the U.S Stock Exchange, bankrupt their asses. If our Leaders really want to put America, then prove it!

Israel among world’s top 10 most innovative countries — global index

(THIS ARTICLE IS COURTESY OF THE TIMES OF ISRAEL)

 

Israel among world’s top 10 most innovative countries — global index

Switzerland tops list, followed by Sweden and US; Jewish state has climbed steadily in rankings since 2015

Participants at the DLD Tel Aviv Digital Conference, Israel's largest international Hi-tech gathering, featuring hundreds of start ups, VC’s, angel investors and leading multinationals, held at the Old Train Station complex in Tel Aviv on September 8, 2015. (Miriam Alster/FLASH90)

Participants at the DLD Tel Aviv Digital Conference, Israel’s largest international Hi-tech gathering, featuring hundreds of start ups, VC’s, angel investors and leading multinationals, held at the Old Train Station complex in Tel Aviv on September 8, 2015. (Miriam Alster/FLASH90)

Switzerland is the world’s most innovative country for a second consecutive year while Israel made the top 10, a global indicator showed Wednesday.

The annual Global Innovation Index — compiled by World Intellectual Property Organization, Cornell University and INSEAD — ranks 129 world economies on 80 parameters including research, technology and creativity.

Switzerland was followed by Sweden, the United States, the Netherlands, the United Kingdom, Finland, Denmark, Singapore and Germany, with Israel rounding out the top 10.

The Jewish state was placed 11th in 2018, 17th in 2017, 21st in 2016, and 22nd in 2015.

India, where the announcement was made, was ranked 52nd but has leaped up the rankings in recent years, WIPO assistant director-general Naresh Prasad said.

The report came as the International Monetary Fund downgraded global growth and warned of a “precarious” 2020 amid trade tensions, continued uncertainty and rising prospects for a no-deal Brexit.

The report’s authors said spending on innovation was still growing and appeared resilient despite the slowdown.

But they also warned of signs of waning public support for research and development in high-income economies usually responsible for pushing the innovation envelope, and increased protectionism.

“In particular, protectionism that impacts technology-intensive sectors and knowledge flows poses risks to global innovation networks and innovation diffusion,” the report said.

“If left uncontained, these new obstacles to international trade, investment, and workforce mobility will lead to a slowdown of growth in innovation productivity and diffusion across the globe.”

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China: US FedEx fails Chinese customers with lies, hypocrisy

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS OUTLET ‘SHINE’)

 

US FedEx fails Chinese customers with lies, hypocrisy

Xinhua

Chinese authorities said on Friday that the US courier delivery firm FedEx’s claim of mis delivering Huawei’s packages to the United States “disaccorded with facts.”

After nearly two months of investigation, the authorities also found that the company was suspected of holding back more than 100 Huawei-related packages.

Such a conclusion nailed FedEx’s lie to the counter and fully exposed how hypocritical the US company is.

Media reported in May that FedEx diverted two packages sent from Japan and addressed to Huawei China to the United States without authorization of or notification to its client. FedEx later explained that the deliveries were “misrouted in error.”

According to Chinese authorities, investigators also discovered clues of other violations of Chinese laws by the US company, which has been doing business in China since the 1980s, and an in-depth investigation is still underway “on a comprehensive, objective and fair basis.”

Clearly, FedEx has failed the trust of Chinese customers with lies, disrespect for commercial morality, and even possible violations of Chinese laws.

What FedEx has done is portraying itself as a hatchet man of the US government who is turning its back on its customers and transgressing ethics as a trustworthy business partner.

FedEx needs to be aware that any company which fools its customers will ultimately make a fool of itself.

Over the 40 years since China’s reform and opening-up, foreign companies and investments, including those from the United States, have played an important role in China’s rapid development.

In return, as the world’s most populous consumer market and the second largest economy, China now has been making constant efforts to optimize its business environment under the rule of law, and has been increasingly dedicated to opening itself wider to the world and granting foreign companies a bigger access to its domestic market.

For those who pay respect to the legitimate rights and interests of Chinese customers, China is for sure the most promising market. But for those who do not, the Chinese government will not sit by.

10 Companies with the most store locations worldwide

(THIS ARTICLE IS COURTESY OF TRIVIA GENIUS)

 

Stores with the most locations worldwide

Running down to the local drugstore, fast food chain, or even supermarket seems like such an everyday part of life. And aside from regional exceptions, there are a number of stores that you know you’ll find throughout the United States—and abroad. Anyone who’s ever visited a country where the cuisine is entirely different from their own has probably made a quick trip to McDonald’s just to “play it safe.” But have you ever wondered just how numerous some of those ubiquitous quick eateries or stores are?

1. Subway

Credit: QualityHD / Shutterstock.com

43,421 stores

Are you surprised that the footlong giant is the largest store in terms of worldwide locations? They operate over 40,000 stores in 112 countries. Even Singapore, a tiny nation-state, has 79 locations! The most exclusive Subway ever was at the top of One World Trade in New York. It was a moveable pod that allowed construction workers to grab a quick bite at the top of the active construction site.

2. McDonald’s

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37,855 stores

I’m lovin’ it. Are you lovin’ it? If the word “ubiquitous” had a mascot, it would be McDonald’s. The brand churns out tasty treats to 69 million customers in over 100 countries daily. While the popular fast-food chain is number two for locations, when we look at revenue, McDonald’s is first for fast food restaurants. The popular franchise netted nearly $6 billion in income in 2018.

3. Starbucks

Credit: AngieYeoh / Shutterstock.com

29,324* stores

Why is there an asterisk? It turns out that there’s a difference in number between the official location count of 2018 and what Starbucks currently claims to offer. According to Statista, in 2018 Starbucks operated 29,324 stores—with 14,606 in the U.S. and the remaining 14,718 abroad. However, their Wikipedia corporate profile references an early 2019 investor relations press release stating “over 30,000 locations worldwide.”

4. Kentucky Fried Chicken

Credit: KULLAPONG PARCHERAT / Shutterstock.com

22,621 stores

Are you old enough to remember when Kentucky Fried Chicken’s name changed? Whichever camp you fall into, KFC also makes this list with over 20,000 locations across 136 countries. The chicken chain is so popular, it’s the largest fast food restaurant in China with 5,003 locations as of 2015. KFC is a subsidiary of Yum! Brands, a parent company that also owns Taco Bell, Pizza Hut, and WingStreet.

5. Pizza Hut

Credit: Jonathan Weiss / Shutterstock.com

18,431 stores

Food continues to make the list, and this time we’re talking pizza. Pizza Hut operates over 18,000 locations. Just like all of the other fast food locations on this list, in addition to the “standard” menu that you can find in the U.S., Pizza Hut’s international locations offer unique twists that incorporate local cuisine. But if you’re an ‘80s kid, you probably remember Pizza Hut’s Book It! program that rewarded bookworms with free personal pan pizzas.

6. Burger King

Credit: Radu Bercan / Shutterstock.com

17,796 stores

Are you a fan of “The King,” or do you find this chain’s mascot a little weird? You wouldn’t be alone, but Burger King is a popular pit stop for burger lovers in 100 countries. Roughly half of the locations are U.S.-based and privately owned and operated. The firm’s very first international franchise was in San Juan, Puerto Rico. But interestingly enough, in Australia, the brand isn’t known as Burger King but Hungry Jacks because of a trademark dispute.

7. Dollar General

Credit: Jonathan Weiss / Shutterstock.com

15,472 stores

Let’s switch from food to shopping. Dollar General is a budget-friendly retailer of general merchandise and some prepared and frozen foods. The brand operates 15,000 locations in the U.S. Fun fact: They were able to outbid the luxury design house Dolce & Gabbana for the coveted “DG” initials website (www.dg.com). Dollar General uses DG to sell many of their own privately-branded goods.

8. Walgreens Boots Alliance

Credit: Jonathan Weiss / Shutterstock.com

14,010 stores

If you’re from the New York area, you’re probably familiar with Duane Reade, a local pharmacy that was later absorbed by Walgreens, before that firm then joined with Boots Alliance, a U.K. chemist (or pharmacy, for those outside the U.K.). The joint deal allowed for various U.K. brands to be distributed in the U.S. But combined, the Walgreens Boots Alliance controls over 14,000 stores across 25 countries. In the U.S. alone, there are 9,560 Walgreens/Duane Reade stores.

9. Walmart Stores, Inc.

Credit: Ken Wolter / Shutterstock.com

11,368 stores

Are you surprised that Walmart is this low on this list? We were, too. But, if you adjust for revenue, Walmart is the strongest retailer worldwide. According to Investopedia, in 2015 the company reported $487.5 billion in revenue. But the company doesn’t just operate under the Walmart brand. In addition to worldwide Walmart locations, the company also owns Sam’s Club in the U.S., ASDA in the U.K., Bodega Aurrera in Mexico, and Seiyu in Japan. In total, Walmart operates over 11,000 stores in 27 nations.

10. Dunkin’

Credit: rblfmr / Shutterstock.com

10,858 stores

Finally, we swing back to coffee. Depending on what you prefer, you either do or don’t agree that “America runs on Dunkin’.” With over 10,000 stores worldwide— 7,677 in the U.S.—clearly, people enjoy Dunkin’ coffee. These days, the brand has dropped the “Donuts” to signify that they make more than donuts. Dunkin’ is part of the Dunkin’ Brand which also owns Baskin Robbins.

4 Top Golf Courses in Florida

(THIS ARTICLE IS COURTESY OF TRAVEL TRIVIA)
(oped: I find it a bit odd that President Trump’s Key Largo course is not on this list being that the fee is now $1 Million dollars per year, also consider that before he became President the cost was a meer $100 thousand per year.)(oldpoet56)

4 Top Golf Courses in Florida

Golfing and Florida go hand-in-hand thanks to balmy year-round temperatures, days of endless sunshine, and some of the most creative and expertly-crafted courses in the U.S.  With over 1,250 golf courses in the state, it can be hard to know which one is worthy of your time. Below we’ve got four of the craftiest, cleverest, most beautifully designed courses that will inspire the Tiger Woods in all of you.

Streamsong Red, Bowling Green

Credit: Fotoluminate LLC/Shutterstock

Sitting roughly 50 miles southeast of Tampa, Bowling Green is a sub-3,000 resident town that packs a big punch when it comes to the game of golf. This course has a much more rugged and slightly unkempt feel to it than the others on this list while still maintaining its distinguished reputation and a solid air of dignity. It’s these characteristics coupled with the dramatic landscape that make Steamsong Red a celebrated course. This course was designed with walking golfers in mind; strolling the course not only allows for some expansive views, but it’s also the best way to truly experience the course. In fact, the walking golf philosophy is such a centric part of this course that there are months when no golf cart riding is allowed at all!

Fun Fact: Streamsong Red is actually one of three epic courses rolled into the 16,000-acres of windswept prairies, sculpted lakes and towering dunes.

Calusa Pines, Naples

Credit: jdross75/Shutterstock

The story behind the birth of this course is just as inspiring as the course itself. Gary Chensoff beat cancer against the odds and went on to develop a multi-dimensional golf course on a plot of land as flat as a pancake.  With the goal in mind to make the course as unique as possible, designer Hurdzan-Fry crafted slopes and ridges from the fill of lakes that were made by blasting great holes into the ground with dynamite.  In fact, they got so blast-happy on this site, they ran up a cool $1 million-dollar bill on dynamite alone! While the daring shape of the course entices golfers from all around the world, it’s the thoughtful touches like the planting of 100 mature oak trees that gives this course a sophisticated feel.

Fun Fact:  Membership at this ultra-exclusive club runs around $150,000 bucks a pop!

TPC Sawgrass, Ponte Vedra Beach

Credit: Debby Wong/Shutterstock

As the permanent host of the PGA-tour, the location, layout and wickedness of this course were honed to perfection to deliver thrilling games to the fans who watch and professionals who play. With a style defined by its creator as “grenade attack architecture”, this course is full of lumps, bumps, divots and carved out spaces that challenge even the world’s best players. Most notorious of all, however, is the 17th hole. Ringed in water, the island green provides a “sink-or-swim” moment of anxiety as the golfer attempts to clear the lake and sink the putt. All this might sound a little overwhelming for a novice golfer, but designer Pete Dye insists he made this course for players of all levels.

Fun Fact: The on-site Marriott Resort and Spa ensures a golf holiday doesn’t have to be all about smacking balls around the green – it’s totally okay to indulge in a spa treatment, take a dip in one of the pools, or dine in one of the resort’s seven restaurants.

Seminole, Juno Beach

Credit: FloridaStock/Shutterstock

Topping Golf Digest’s list of best golf courses in Florida, Seminole also earns our pick as the state’s top golf course for several reasons. There’s a lot to love about the Atlantic-coast facing course, but critics often praise it as one of the country’s most impressive examples of golf course routing. While it wasn’t designed solely to trick golfers, it’s certainly not for those just starting out; Seminole has got a few tricks up its sleeve. The relatively flat-looking green isn’t as innocent as it appears. Much of the deception lies in the angled sides of the greens that mimic an ever-so-slight saucer shape. We can’t decide if this golf course is on the players’ side on not, but one thing is clear – a keen golfer won’t forget a game played Seminole.

How McDonald’s took over the world

(THIS ARTICLE IS COURTESY OF TRIVIA GENIUS)

 

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How McDonald’s took over the world

Some say they love it, some say they hate it, and those raking in megabucks through franchises certainly say I’m Lovin’ It. Whatever your opinion of McDonald’s, there’s no denying its worldwide popularity and influence on the fast food industry. From a single restaurant in 1940, in 2018 the chain reported over 36,000 restaurants in 101 countries that collectively served around 69 million customers per day. The company has battled environmental criticismlawsuits and mass staff strikes, yet remain a leader in their field. Here’s how McDonald’s took over the world.

The McDonald Brothers and Early Years

Credit: Andrey Bayda/Shutterstock

The rags-to-riches journey began in 1940 in San Bernardino, California when siblings Richard and Maurice McDonald had a dream to make $1 million before turning 50. They opened a drive-in restaurant with carhop girls delivering cheap sandwiches to a clientele of mostly teenage and young adult males. Eager to streamline the business, the brothers introduced the Speedee Service System in 1948, which featured 15 cent hamburgers, fries, and milkshakes. On the back of their newly-found success, the siblings launched their first franchising campaign, with new stands opening in 1953.

Ray Kroc and the First Official McDonald’s

Credit: blanscape/iStockphoto

In 1954, the Chicagoan Ray Kroc, who was a distributor for a milkshake machine used by the McDonald brothers, visited the San Bernardino stand. Impressed by the potential of the business, Kroc convinced the McDonalds to let him become their franchising agent. He opened the first official McDonald’s restaurant in Des Plaines, Illinois and had plans to expand nationwide and globally. By 1959 he had inaugurated 102 locations and bought the brothers out in 1961.

The Big Mac and the Golden Arches

Credit: Grzegorz Czapski/Shutterstock

The 1960s was a time of great change and development for McDonald’s. The Filet-O-Fish debuted in 1962 and helped combat falling hamburger sales on Fridays in areas with strong Roman Catholic communities. Ronald McDonald replaced the Speedee chef as the company mascot in 1963. He was later joined by characters such as Hamburglar and Mayor McCheese, who helped to increase the chain’s appeal to children. Today’s legendary Big Mac appeared on menus in 1967 and some five billion were consumed in the first two years. At the end of the decade the iconic golden arches started to spring up. The colors were chosen because red is said to trigger hunger and yellow happiness.

The Drive-Thru and International Expansion

Credit: Jonathan Weiss/Shutterstock

With soldiers from Fort Huachuca prohibited from getting out of their vehicles in uniform, McDonald’s opened its first drive-thru in Sierra Vista, Arizona in 1975. This proved to be a catalyst for drive-thru restaurants across the USA and fast food fans relished in the company policy of delivering orders in 50 seconds or less. Having already successfully opened restaurants in British Columbia and Puerto Rico, the company entered 58 new countries by the early 1990s. In China the name has been adapted to Mai Dang Lao to fit with the phonetics of the language. Kosher food is served in Israel, and halal products are offered in Arab countries.

McDonald’s Today

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Today the McDonald’s brand is omnipresent the world over. Restaurant designs have changed from a kids’ focus to a family environment. There’s braille and picture menus specifically designed to aid customers with hearing, speech, and vision difficulties. There’s table service at some, self-service kiosks, mobile ordering, and home delivery. The menu has moved with the times, expanding from hamburgers and fries to include options such as breakfast, coffee, gluten-free items, ice creams, juices, and salads. What’s more, avid fans can relax knowing that the Big Mac, Happy Meal, Quarter Pounder, and other classics are all here to stay.

China to investigate FedEx for suspectedly damaging rights of Chinese clients

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS AGENCY SHINE)

 

China to investigate FedEx for suspectedly damaging rights of Chinese clients

Xinhua

Xinhua

The shadow of a pedestrian is projected on a van of FedEx in Hangzhou City, capital of east China’s Zhejiang Province, October 18, 2011.

China’s relevant government department has decided to file a case for investigation of FedEx on suspicion of undermining the legitimate rights and interests of Chinese clients.

The US company has recently failed to deliver express packages to designated addresses in China, seriously damaging the lawful rights and interests of its clients and violating laws and regulations governing the express industry in China.

What Company Boards Need To Know About AI

(THIS ARTICLE IS COURTESY OF HARVARD BUSINESS REVIEW)

 

What Boards Need to Know About AI

MAY 24, 2019

C. J. BURTON/GETTY IMAGES

Being a board member is a hard job — ask anyone who has ever been one. Company directors have to understand the nature of the business, review documents, engage in meaningful conversation with CEOs, and give feedback while still maintaining positive relationships with management. These are all hard things to balance. But, normally, boards don’t have to get involved with individual operational projects, especially technical ones. In fact, a majority of boards have very few members who are comfortable with advanced technology, and this generally has little impact on the company.

This is about to change, thanks to machine learning and artificial intelligence.

More than half of technology executives in the 2019 Gartner CIO Survey say they intend to employ AI before the end of 2020, up from 14% today. If you’re moving too slowly, a competitor could use AI to put you out of business. But if you move too quickly, you risk taking an approach the company doesn’t truly know how to manage. In a recent report by NewVantage Partners, 75% of companies cited fear of disruption from data-driven digital competitors as the top reason they’re investing.

The questions boards are going to have to ask themselves are similar to those they would ask in the face of any large opportunity investment: Why are we spending all this money? What’s the economic benefit? How does it impact our people and our long-term competitiveness?

INSIGHT CENTER

Answering these questions requires expertise in technology. But you can’t just add a tech expert to the board and count on him or her to keep the rest of the board up to speed. Having served in that role, I have found it to be at best a useful half-step. Relying on a single techie is no replacement for having a full board mastering at least a basic understanding of AI and its disruptive potential.

Every board’s comfort level is going to differ depending on the industry. Manufacturers well understand how robots can free up people to do higher-order work by taking on repetitive and potentially dangerous jobs. Hospitals and health insurers are starting to deploy AI widely, but big successes have been elusive. By contrast, the financial services business is ripe for disruption by AI. Lenders have massive amounts of data and the potential to free up billions in cash flow by finding new efficiencies through applications that will, for example, help bankers make smarter lending decisions and create new revenue opportunities by offering customers better, more tailored products.

That said, here are four guideposts that board members in any industry can use to orient themselves when they begin the journey:

It’s math, not magic. Boards shouldn’t be intimidated by AI. Members don’t need to have degrees in computer engineering to understand the technology behind AI, just like they don’t need to be CPAs to understand the company’s balance sheet. Any good use of ML or AI is going to be an outgrowth of what the company is already doing, not some kind of universal all-knowing Skynet type of AI. Keeping that perspective at the forefront and gaining a basic understanding of AI will help boards better decide how to direct AI use.

Well-run AI projects should be easily understood. When evaluating if a project is right for their company, boards should feel confident enough to say when something doesn’t make sense. The best-run AI projects should be explainable in plain English. It should be clear how real groups of people, whether employees, customers or management, will be affected. If a vendor or internal team can’t explain how an AI project works, it may not be the right fit for your company. This is not unique to ML — it used to be true for ERP implementations — but ML is moving more quickly through the corporate world than ERPs did. For example, when I presented an ML-underwriting project to the board of one top credit-card issuer, I started with the economic impact to their business, the timeframe for delivery, what the roadblocks might be for IT and compliance, and who would need to get involved.

You don’t have to get creepy to get value out of data. Too often, companies assume that in order to make the most out of AI, they need to be like Facebook or Google and pull in every last bit of data they can find. But that can get creepy fast and, usually, there’s no need for that level of data. Our work developing machine learning-based credit underwriting models with banks and lenders has shown that social media data doesn’t provide such strong signals, anyway. Most companies are already sitting on a ton of pretty banal data that’s full of signal and insights that can be unlocked using ML.

AI is an operating expense, not a capital investment. If management’s plan for getting on the AI bandwagon revolves around a big one-time investment, chances are they are going about it wrong. AI has the potential to enhance the bottom line by boosting revenue and cutting costs, but budget needs to be put aside to ensure the algorithms and models are functioning properly and are being rebuilt or refit as macro factors change and new sources of data emerge. Think of AI as you would a Formula 1 race car, which performs best when its support team has a real-time view of the vehicle’s health as it’s zipping around the track.

Widespread adoption of AI in business is still in its infancy. Boards that fail to get in front of this trend will pay the price.


Douglas Merrill is the CEO and founder of ZestFinance, a Los Angeles-based financial services technology company. He was previously CIO and VP of Engineering at Google.

Total Trade Stoppage With China Could Be A Good Thing For American Workers

Total Trade Stoppage With China Could Be A Good Thing For American Workers

 

I know that many people here in the U.S. will in the short term be hit financially if this ‘trade war’ with China continues. The American companies on the U.S. Stock Market has taken a hit with these tariffs the White House is talking about, I know this is hurting some American businesses like WalMart who import a huge amount from China, so be it, they need to be hurt, badly.  There is a reason for my view, I just hope you can see what I am talking about.

 

American businesses need to be hurt because of their treason toward the American Nation and her people. How many thousands of businesses have been shuttered because of companies like WalMart who for a penny or two lower price per product will buy from other countries like China (whose Leaders hate us) instead of buying from U.S. Companies who have their factories here in the U.S. giving jobs to American workers. Companies like WalMart cater to low income people yet how many of these people are poor because of these companies ‘buy foreign first’ business practices? The rich, especially the super rich like to complain about the poor as people who suck away their profits and produce nothing and how they say the poor don’t pay their fair share. If an owner of a company moves their operation out of the States thus firing all their American workers it should be the Companies Leadership who should be punished, not the workers. These companies should have to pay a tariff of about 90% on all goods they import back to the American market. Make it not worth their bottom line to close American factories and fire their American workers. In the business world everything is always about profits, the money that goes to the top is the only thing that has mattered for decades not. Most businesses and government officials should be charged with treason against the the American Flag and Her people, not profit from their demise that they themselves are causing! Rebuild America’s factories and infrastructure now, create jobs for American workers first. Our exports like grain and soy beans can easily be sold to other world markets. There is no logic besides greed that dictates us selling anything to or importing anything from other countries like China whom is trying to wipe us out. But then again, these words to you today are just the opinions of an old poet.