Monday, July 12, 2021
Progressive Creed Destroying Civilization - VDH
Progressive Creed Destroying Civilization
The Cruel Progressive Creed Undoing Civilization
MARKETS: YEAR-TO-DATE (07-12-21 MBrew)
MARKETS: YEAR-TO-DATE |
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*Stock data as of market close, cryptocurrency data as of 8:00pm ET. Here's what these numbers mean. | |||||
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Saturday, July 10, 2021
The Great Chinese Tech Spanking of 2021 - MBrew
TECHThe Great Chinese Tech Spanking of 2021 |
NYC-listed, Beijing-based companies have been thrown on a bucking bronco by the Chinese government this year. And the g-forces have only been ramping up this week as China seeks to curtail its tech giants’ power and get a tighter grip on the data they hold. The crackdown has fully spooked investors: More than $800 billion of market value has been wiped from Chinese tech giants since a February peak; ride-hailing company Didi has lost more than $17 billion in value since Monday. A brief timelineIn April, China blocked Jack Ma’s Ant Group from going public (it was on track to be the biggest IPO...ever) and forced the company to restructure. One month later, China’s Cyberspace Administration called out 105 apps, including ByteDance-owned Douyin (better known as TikTok in the US), for collecting and illegally accessing user data. Then last month, Chinese regulators reportedly tried to delay ride-hailing giant Didi Chuxing’s IPO. When Didi decided to go public anyway last week, the government halted new app downloads and user signups in China. The latest: The China Securities Regulatory Commission is planning to close a legal loophole that has long been used by major Chinese companies, including Alibaba and Tencent, to go public in the US. The change would force companies classified under a certain corporate structure (known as the Variable Interest Entity model if you want to sound smart af) to seek the government’s approval before listing shares in the US or Hong Kong. Looking ahead...all this could lead to a possible techxodus of up to $2 trillion worth of shares from US markets to China. Hong Kong could soon become the only place for non-Chinese investors to buy stakes in Chinese tech companies as regulators throttle firms listed in the US. If you don’t believe us, the Hong Kong stock exchange’s holding company, Hong Kong Exchanges and Clearing, jumped as much as 6.2% yesterday. |
Saturday, June 26, 2021
How to Grow US Digital Intternet
A gap narrows, a problem remains |
Francis Scialabba
As the US’s digital divide shrinks, the issue grows more complex. As of 2021, 77% of Americans have access to broadband internet, per a Pew Research report released in early June. That’s up from 73% in 2019, but still leaves almost a quarter of the population without any home internet. But in the Covid-19 era, home broadband access isn't a binary yes/no. Nowadays, people need high-quality internet capable of supporting things like video calls for work, school, or telehealth appointments. “It’s been manageable [until now] because [people] had some kind of connectivity. They had DSL, they still used phone lines, they had low connectivity. But those speeds cannot deliver the services that are needed today. The problems we had before with the internet when it wasn't an essential service are different from the problems we have today,” Anthony Goonetilleke, group president of media, network & technology at Amdocs, told Emerging Tech Brew. Go away, gapThere are potentially both public and private solutions to close the digital divide, but plenty of uncertainty surrounds both. A quick survey... White House: President Biden’s American Jobs Plan aims to build high-speed broadband infrastructure, promote competition among providers, reduce the cost of internet connection, and ultimately achieve 100% broadband coverage for the entire country. Biden initially pledged $100 billion for the issue, but has lowered it to $65 billion after negotiations with Republicans. Congress: Lawmakers are considering two proposals to narrow the divide.
The stars: Space satellites in low-earth orbit (LEO) operate without the ground-based infrastructure required by telcos and governments. As long as customers have clear sightlines to space and a satellite dish, they will be able to access high speed internet.
“They [LEOs] are expected to pump a lot of satellite broadband capacity into a market that has been historically limited in terms of the throughput and much more expensive in terms of the pricing,” John Garrity, an international connectivity consultant, told us. Bottom line: The rapid, immediate transition to a digital workplace and school environment has left behind many who don’t have access to the internet. “So much of the pandemic response has depended on digital technology and connectivity,” Ardnt Husar, senior public management specialist at the Asian Development Bank told us. “And so much of the post pandemic recovery phase will depend on who has good coverage and who has the right context of affordability levels of digital connectivity.” Click here to read the full piece.—JM |
The Inevitable Fruits of Critical Race Theory
The Inevitable Fruits of Critical Race Theory
Progressives Stymie Education
Counterfeit Civics
