Wednesday, March 30, 2016

Antibiotic Apocalypse Fear Stoked by India’s Drugged Chickens - Bloomberg

Antibiotic Apocalypse Fear Stoked by India’s Drugged Chickens - Bloomberg



Drug-defying germs, which can spread internationally in infected travelers in hours, threaten to reverse a century of progress in human and animal health, and are a risk to global food security, the Food and Agriculture Organization said on Feb. 10.
“How can we reduce rural poverty when the drugs given to ill farm workers and their families no longer have effect?” FAO Deputy Director-General Maria Helena Semedo told European ministers of health and agriculture at a conference on antimicrobial resistance in Amsterdam. “How can we eliminate hunger or improve sustainability when we cannot cure sick animals?”
Rich countries began using antibiotics once the incidence of infectious diseases had plummeted following public-health improvements. In India, antibiotics are often used as a substitute for sanitation and hygiene, said researcher Laxminarayan, who is director of the Center for Disease Dynamics, Economics & Policy. Consequently, the nation shoulders among the highest rates of antibiotic resistance in the world.

Monday, March 28, 2016

Immigration, Mexico - Thoughts from the Frontline - Open Letter to the Next President, Part 3 - btbirkett@gmail.com - Gmail

Thoughts from the Frontline - Open Letter to the Next President, Part 3 - btbirkett@gmail.com - Gmail



 Over one million Mexicans, including US-born children, have left the US for Mexico since 2009, far more than have entered illegally. They cross the border headed south because they see better opportunities in Mexico than they do in the US. That is the real problem you should talk about – and try to change, if you reach the White House.

Sunday, March 27, 2016

China's Economic Revolution Is Showing Up All Over Australia - Bloomberg Business

China's Economic Revolution Is Showing Up All Over Australia - Bloomberg Business



 Chinese students are flocking to Australian universities in record numbers, reflecting the Asian behemoth’s growing wealth. The appeal of Australia, outside its similar timezone, clean environment and weakened currency, is a pathway to residency. Foreign students educated Down Under may eventually obtain citizenship and, in turn, bring their parents to join them under the family reunion program.

Monday, March 14, 2016

How sex, drugs and rock ‘n’ roll are creating the next big tech companies | TechCrunch

How sex, drugs and rock ‘n’ roll are creating the next big tech companies | TechCrunch



... Vice technology, or ViceTech, is turning sex, drugs, and rock ‘n’ roll into viable, trustworthy companies that power some of our culture’s most loved products and experiences. This newfound accessibility for consumers and businesses is erasing past taboos and, in return, is allowing people to have more fun, and that’s driving more vice companies to launch, grow, and get noticed by the investor community....



...Even more importantly, ViceTech companies are gathering a data layer of real-time usage that can be programmed to help users monitor and manage their revelous activity in the future. The addiction industry is $35 billion,

Sunday, March 13, 2016

Ted Cruz Keeps Trying to Solve Trump - Bloomberg View

Ted Cruz Keeps Trying to Solve Trump - Bloomberg View



The emergence of a candidate, born with a golden spoon in his mouth, who could project populist rage with an even more authentic inauthenticity than Cruz did not at first appear to be an obstacle to Cruz's ambition.

CoCo Turmoil Forces Europe to Act on Surprise Coupon Loss - Bloomberg Business

CoCo Turmoil Forces Europe to Act on Surprise Coupon Loss - Bloomberg Business



Banks’ capital requirements fall into two basic categories plus a series of buffers under the framework set by the Basel Committee on Banking Supervision. Pillar 1 requirements are one-size-fits-all and set out the minimum levels all lenders must meet to be considered solvent. Pillar 2 requirements are defined by supervisors for each bank individually, to cover risks that may not be covered by Pillar 1. The European Central Bank determines them in its Supervisory Review and Evaluation Process, or SREP, and until now encouraged banks to not disclose them.
“We know that there are differences in how these rules are applied by supervisors and that’s why we have now started the process of reflecting on this,” ...
... CoCos, which are taxed as debt and are designed to retain cash in a struggling lender, are undated and interest payments are optional, meaning an issuer can’t default on them.
Unlike suspended dividends or bonuses, interest payments on CoCos that are lost can’t be made up for by higher payments later. 

Osborne Said to Plan Crackdown on U.K. Off-Payroll Tax Evasion - Bloomberg Business

Osborne Said to Plan Crackdown on U.K. Off-Payroll Tax Evasion - Bloomberg Business



It's the Laffer Curve all over again - even in the UK, the government seems to find it hard to meet payroll costs as noted below:



"... abuse of the rules is estimated to have allowed about 20,000 public-sector workers to pay on average 3,500 pounds ($5,000) a year less in income tax and national insurance contributions than their on-payroll counterparts."

Friday, March 4, 2016

WSJ NEWS ALERT: Mutual Funds Sour on Startup Investments - btbirkett@gmail.com - Gmail

WSJ NEWS ALERT: Mutual Funds Sour on Startup Investments - btbirkett@gmail.com - Gmail



Mutual Funds Sour on Startup Investments

Mutual funds that helped fuel the technology boom are cutting the value of their startup investments at an accelerating pace and are making fewer new investments.

These are ominous signs for Silicon Valley, where a flood of money into young companies pushed valuations skyward, and subsidized hiring sprees and advertising binges at scores of companies.

The mutual-fund pullback threatens to deepen a wider downturn that has already led to falling valuations, shrinking ambitions and layoffs as the receding tide of capital forces startup companies of all kinds to focus on the bottom line rather than growth at any cost.

Thursday, March 3, 2016

The Morning Download: Telenorb s Massive Facebook at Work Deployment Reflects Emerging Ideas about Social Enterprise - btbirkett@gmail.com - Gmail

The Morning Download: Telenorb s Massive Facebook at Work Deployment Reflects Emerging Ideas about Social Enterprise - btbirkett@gmail.com - Gmail



Key blockchain vendors, cloud providers square off in major test. Forty global banks belonging to the R3 blockchain consortium simulated the issuing, trading and redeeming of commercial paper across multiple distributed ledgers to better understand how the new technology works and how to evaluate competing blockchain vendors. The test was also to help CIOs figure out what criteria to use to evaluate blockchain technologies from competing vendors.“This is the first time many ledgers have been run in parallel by many institutions in a rigorous, scientific way,” said Tim Grant, R3’s managing director and global head of its collaboration lab, in an interview with CIO Journal.

The Morning Download: Telenorb s Massive Facebook at Work Deployment Reflects Emerging Ideas about Social Enterprise - btbirkett@gmail.com - Gmail

The Morning Download: Telenorb s Massive Facebook at Work Deployment Reflects Emerging Ideas about Social Enterprise - btbirkett@gmail.com - Gmail



The goal, he said, was for Facebook at Work to become the internal “homepage of the company," where employees are able to collaborate in a productive way by accessing other enterprise software tools.

Wednesday, March 2, 2016

Shale Oil Isn't Saudi Arabia's Only Nemesis - Bloomberg Business

Shale Oil Isn't Saudi Arabia's Only Nemesis - Bloomberg Business



...Even when overproduction ends, a stockpile surplus of more than 1 billion barrels built up since 2014 will remain, weighing on prices. Inventories will keep accumulating until the end of 2017, the International Energy Agency forecasts, and clearing the glut could take years.

“We may get to end of the year, and even though supply and demand are in balance, the market shrugs and says ‘So what?’ because it’s waiting for proof of inventory draw-downs,” ...

Tuesday, March 1, 2016

The Closing of the Academic Mind by Chris Patten - Project Syndicate

The Closing of the Academic Mind by Chris Patten - Project Syndicate



a great article on the new book banning by the weak minded and mentally and socially infirm



the final paragraph:



"Do you want universities where the government decides what it is allegedly safe for you to learn and discuss? Or do you want universities that regard the idea of a “safe space” – in terms of closing down debate in case it offends someone – as an oxymoron in an academic setting? Western students should think occasionally about their counterparts in Hong Kong and China who must fight for freedoms that they take for granted – and too often abuse."



Read more at https://www.project-syndicate.org/commentary/academic-freedom-under-threat-by-chris-patten-2016-02#vP6hZERFXXVTaVhF.99

Italian Villages Welcome Refugees to Avoid Oblivion - Bloomberg Business

Italian Villages Welcome Refugees to Avoid Oblivion - Bloomberg Business



I had to give up due to the social contributions and work insurance costs involved in a new non-subsidized contract. I just could not afford it.”