SCION Jaime Alfonso Zobel de Ayala, head of business development and digital innovation, received the SL25 award on behalf of Ayala Corp. —Contributed photo Conglomerate Ayala Corp. and motorcycle taxi operator Angkas landed on the inaugural Steward Leadership 25 (SL25) roster, which recognizes the remarkable contributions of organizations across the Asia-Pacific to stakeholders, society and environment. Ayala Corp. and motorcycle taxi operator Angkas landed on the inaugural Steward Leadership 25 (SL25) roster, which recognizes the remarkable contributions of organizations across the Asia-Pacific to stakeholders, society and environment. The two Filipino firms were among 25 companies honored at the recently held Steward Leadership Summit organized in Singapore by Stewardship Asia Centre (SAC), INSEAD Hoffmann Global Institute for Business and Society, WTW and The Straits Times. The award-giving body acknowledged the Ayala conglomerate’s COVID-19 response that benefited not … [Read more...] about Ayala, Angkas feted for steward leadership
Bjorn Pardo Serial entrepreneur Bjorn Pardo has been building new ventures all his life. He first founded express shipping and courier service Xend in 2004, followed in 2013 by QuadX, an e-commerce venture studio. Later in 2018, he joined Union Bank of the Philippines’ fintech arm UBX, where he ideated and launched two tech ventures: Bux.ph, a payment service provider and Sentro.ph, an online shop builder. With his wealth of experience, the 42-year-old says the underlying purpose of it all is to level the playing field and help other entrepreneurs thrive—something which he aims to achieve with his new venture, AHG Lab. AHG Lab is an independent venture studio founded on serving the Philippine property technology (proptech) industry, focusing on property owners and tenants. The company, which was established just this year, helps new and established startups grow their businesses through operational and managerial support. As the cofounder of AHG Lab, Pardo—who graduated from … [Read more...] about ‘Founder-first’ venture builder out to catalyze tech startups
Some excerpts from the chat: "I'll just put it this way to summarize the intention of artificial intelligence. Particularly AGI (artificial general intelligence) has always been to eliminate humans from the workforce. That has always been the intention of AI." "Techno unemployment will either produce one of two effects, either it will create social unrest and the collapse of society based on unsustainable levels of human unemployment. " "How we deal with this transition to a highly automated society and removing humans from the essential role of human capital to keep the economy going instead of computers." "From an employment perspective, in an highly automated society climate change mitigation is the only real growth industry that's going to require human capital to respond." "The core principles of economic theory are changing. What is the economy for- in a highly automated society, is the economy there to create GDP growth or full employment. It will still create … [Read more...] about Policy Talk | What’s the big deal with artificial general intelligence?
The legendary journalist H.L. Mencken once observed, “Every election is a sort of advance auction sale of stolen goods.” Mencken’s cynical take shows how well he understood the spoils system of modern politics, which involves politicians promising to return the wealth they take from the people in exchange for votes. The key to this crude process is to not make the “ honest graft ”—a term coined by Tammany Hall rascal George Washington Plunkitt—too obvious. Or at least it was. With his executive order to wipe out nearly half a trillion dollars of student loans with the stroke of a pen—debts that will ultimately be shouldered by taxpayers—President Joe Biden made it clear that such discretion is no longer necessary. Biden didn’t just announce a plan to wipe out as much as $20,000 in debt for borrowers without so much as a congressional hearing. He waited two years to announce his loan forgiveness plan, and then unveiled it six weeks before Election Night. … [Read more...] about MILTIMORE: The American System Will Kill Biden’s Student Loan Bailout
You know things are grim among the Republicans when a former Federal Energy Regulatory Commission (FERC) chairman, Neil Chatterjee, and former Congressman Carlos Curbelo team up to advocate for more expensive energy. Yet both of them did just that in a recent article where they tried to convince donors on the left to give to front groups — nominally Republican — working diligently destroy affordable and reliable American energy. (RELATED: ALAN DERSHOWITZ: San Francisco Is The Canary In The Coal Mine For Where Wokeism Is Headed) Writing in the Chronicle of Philanthropy , both applauded passage of the Inflation Reduction Act, which takes $400 billion from taxpayers and gives it to wealthy investors in alternative energy. As a reminder, not a single Republican member of Congress voted for that legislation. Of course, what the authors probably want is cash for their own organizations. “Groups … where Neil is a senior policy adviser, and … where Carlos serves on the board of … [Read more...] about DERRICK MORGAN And MIKE MCKENNA: Climate Money Is Pouring Into Washington — Watch Out For The RINOs
Share to Twitter Share to Linkedin Last week, Novartis and the Medicines for Malaria Venture (MMV) announced they are moving forward with a Phase 3 trial for a novel fixed dose combination drug - ganaplacide/lumefantrine - for patients with uncomplicated malaria caused by the Plasmodium falciparum parasite. The clinical trial will test the efficacy of ganaplacide/lumefantrine against the current standard treatment, artemether/lumefantrine. In August of this year, the Food and Drug Administration (FDA) granted Fast Track and Orphan Drug Designation for ganaplacide/lumefantrine for the treatment of acute, uncomplicated malaria. Should the Phase 3 trial prove successful, the drug could be an alternative to artemisinin-based treatments, which are being increasingly challenged by artemisinin-resistant strains of malaria. Indeed, as the world faces emerging resistance to current malaria treatments, new medicines are critical. Malaria is a preventable … [Read more...] about Novartis And Medicines For Malaria Venture Make Important Progress On The Anti-Malarial Treatment Front
Share to Twitter Share to Linkedin The Machine That Builds a Future The first accounting of all the land in England was first published in 1086, the ominously named Doomsday Book , it documented the holding of the King and how it was distributed among the aristocracy. Almost one thousand years later the wealth of these families is still visible. In more recent times, the average house price in the US in 1963 was $19,300 ($187,982 adjusted) and by Q3 of 2022 this has climbed to $542,900 , now increasing Year on Year by 17%. This makes it one of the best secure returns available, with any downturns correcting quickly. This brings us to the question: Why have more people not taken advantage of this wealth building tool? The oldest market in the world is slow, inefficient, and run by institutions. Through the history of real estate ownership there has been institutional motives to control access to it. The process known as “ Red-lining ”, where … [Read more...] about How To Invest In Real Estate On A Budget
Share to Twitter Share to Linkedin Since the news of the entire Juventus board resigning broke earlier this week, more and more details have emerged about what led to that decision and what the future may hold for Italy’s biggest club. As explained in this previous column , the Italian government authority responsible for regulating the Italian stock market – known as CONSOB – are investigating claims that members of the Juventus first team squad were paid off the books during the height of the Covid-19 pandemic. Indeed, according to La Gazzetta dello Sport , 23 players who had signed agreements to reduce their salaries in order to help the club through an extremely difficult period were allegedly actually given that money “in the black.” That would mean that the players and Juventus avoided paying tax on those sums, while the club would have also falsified their books to make it appear as if they balanced. With Juve being a publicly traded … [Read more...] about Juventus Investigation Continues: What Did We Learn This Week?
Share to Twitter Share to Linkedin Key Takeaways Stronger Than Expected Employment Report Can Tech Rally Hold Attention Now Shifts To Next Fed Meeting It’s been an interesting week so far for equities. Most indices were unchanged this week with the one exception being tech stocks. Buoyed by comments from Federal Reserve Chairman Powell on Wednesday, the Nasdaq 100 is up nearly 4% headed into Friday. However, that could all change following the stronger than expected November jobs reports. Much of the economic data this week suggests the economy is continuing to grow, albeit at a slower pace. The Core Price Index showed an increase of 0.2%. Personal spending was up 0.8% and when adjusted for inflation it was up 0.5%. Both those readings were roughly in line with expectations. Heading into today’s jobs number, economists were looking for the unemployment rate to remain at 3.7% with 200K new jobs created. However, that number came in … [Read more...] about Strong Jobs Number Has Stocks Looking Weaker
Share to Twitter Share to Linkedin The National Technical Information Service (NTIS) is a federal agency within the U.S. Department of Commerce with the mission of providing innovative data services to federal agencies to advance their federal data priorities. NTIS applies its unique joint venture partnership (or JVP) authority to leverage leading, innovative private sector organizations to assist governmental agencies with addressing data-centric challenges that require quick access to private sector ingenuity and expertise and achieve a capacity to scale and time to market. At an upcoming December 2022 AI in Government event, Dr. Chakib Chraibi who is the Chief Data Scientist and Acting Associate Director for the Office of Data Services at NTIS will share additional insights on this topic. In this preview interview for Forbes, Chakib shares how NTIS is applying automation, AI and ML, some of the challenges associated in adopting transformative technology … [Read more...] about How The US Department Of Commerce And NTIS Provides Innovative Data Services