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Archive for 12. Januar 2020

The Internet of Things Is Changing the World

Posted by hkarner - 12. Januar 2020

Date: 12‑01‑2020

Source: The Wall Street Journal By Irving Wladawsky‑Berger

The Internet of Things has been a long time coming. Ubiquitous or pervasive computing, which is computing happening anytime and anywhere, dates to the 1990s, when devices and wireless networks were nowhere near where they are today.

The transformation brought by connected devices is about to go into overdrive, the Economist says in a recent issue: “One forecast is that by 2035 the world will have a trillion connected computers, built into everything from food packaging to bridges and clothes.”

IoT promises to bring many benefits, including a new generation of smart, connected products. In addition to mechanical and electrical components, these products use digital components such as microprocessors, sensors, data storage, software, and connectivity in a variety of ways.

As the world’s digital and physical infrastructures converge, digital technologies are being designed into all kinds of consumer and industrial products. Internet‑connected smart doorbells, for example, include motion sensors and video cameras that notify a homeowner when someone arrives at the door. Using a smartphone app, the homeowner can watch and talk to the visitor, while a video of their interaction is saved for an added level of security. Den Rest des Beitrags lesen »

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Saving Democracy From the Managerial Elite

Posted by hkarner - 12. Januar 2020

Date: 11‑01‑2020

Source: The Wall Street Journal by Michael Lind

To heal our deep social and political divisions, urban professionals must start sharing power with the working class.

The ongoing turmoil in U.S. politics is part of a larger political crisis that is shattering old alignments of left and right in North America and Western Europe. On both sides of the Atlantic, embattled establishments are besieged by populist insurgents. The rebellion takes different forms in different countries—the election of Donald Trump in the U.S., Brexit in the U.K., the revolt of the yellow vests in France. But the underlying dynamic is the same: the revolt of alienated, mostly but not exclusively native and white working‑class voters against post‑national metropolitan elites.

This is the new class war. Forget the familiar three‑way social diagram, with a big middle class bracketed on either end by a small upper class and small lower or impoverished class. The deepest cleavage in Western democracies yawns between college‑educated managers and professionals—a third of the population, at most—and the majority who lack college educations. The new class divide is manifested in striking cleavages along the lines of geography, family relationships and politics. Den Rest des Beitrags lesen »

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Posted by hkarner - 12. Januar 2020

Date: 11‑01‑2020

Source: The Wall Street Journal by Greg Ip

The ‘robot apocalypse’ is generating support for a once‑in‑a‑generation rewriting of the basic contract of the labor market, writes chief economics commentator

As artificial intelligence and automation multiply, so do dystopian predictions that millions of employees will become redundant, their tasks performed more reliably and cheaply by a machine.

But must the “robot apocalypse” be quite so apocalyptic? It may provide a once‑in‑a‑generation opportunity to rewrite the basic contract of the labor market: Your paycheck reflects your contribution. In this alternative future, robots will take over much of the routine drudgery, freeing millions of us to do what we truly love or society truly needs, from raising children to writing poetry to befriending the lonely. Den Rest des Beitrags lesen »

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Life is getting harder for foreign VCs in China

Posted by hkarner - 12. Januar 2020

Date: 11‑01‑2020

Source: The Economist

They must contend with mature homegrown rivals and skittish American investors

The first “demo day” in Beijing last November of y Combinator (yc) hosted two dozen local startups vying for the attention of high‑profile investors. It marked the entrance into China of Silicon Valley’s most famous accelerator, which has helped launch the likes of Airbnb and Dropbox. Then, days later,yc abruptly announced it was pulling out of the country.

In a statement yc said that it was returning, under a new boss, to investing in startups from its Californian base. Its Chinese startups will be nurtured by MiraclePlus,yc China’s new, fully localised incarnation. Yet in the context of a deepening Sino‑American rift, the retreat looks ominous. “Under the current global environment, to realise our mission—By China, For China, Of China—we must have the ability to master our own destiny,” wrote MiraclePlus in a social‑media post, citing Lu Qi, its boss, whom yc had hired to set up its Chinese arm in 2018. (Mr Lu declined to be interviewed for this article.) Den Rest des Beitrags lesen »

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Voter Suppression Comes to Europe

Posted by hkarner - 12. Januar 2020

Federico Fubini, an economics journalist and editor-at-large at Corriere della Sera, is the author, most recently, of Per Amor Proprio, a reflection on Italy’s identity crisis in its relations with the EU.

Recent national and EU-level election results show that while intra-EU migrants tend to support more liberal, pro-EU parties, their participation in elections lags far behind that of their domestic counterparts. Worse, populist and illiberal governments are increasingly exploiting expats‘ lower turnout for their own benefit.

ROME – Voter suppression first emerged in the United States between 1885 and 1908, when 11 southern states enacted laws designed to discourage or hinder former slaves and their descendants from voting. Since then, similar strategies have been tried in Canada, Australia, and Israel. And now, electoral discrimination may be coming to Europe, with several European Union member states exploring ways to block or discourage key constituents from voting.

Officially, there are around 17 million EU citizens living and working in another EU country (the actual tally of intra-European migrants is surely higher). Most of these intra-EU migrants are younger and more educated than the European average, and hail from economically weaker countries that are more prone to populist jingoism. In fact, many have emigrated precisely because they have more pro-EU, cosmopolitan leanings. Den Rest des Beitrags lesen »

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