Category: technology | 技術 | 기술 | テクノロジー

It’s hard to explain to someone who didn’t live through it how transformation technology has been. When I was a child a computer was something mysterious. My Dad has managed to work his way up from the shop floor of the shipyard where he worked and into the planning office.

One evening he broad home some computer paper. I was fascinated by the the way the paper hinged on perforations and had tear off side edges that allowed it to be pulled through the printer with plastic sprockets connecting through holes in the paper.

My Dad used to compile and print off work orders using an ICL mainframe computer that was timeshared by all the shipyards that were part of British Shipbuilders.

I used the paper for years for notes and my childhood drawings. It didn’t make me a computer whiz. I never had a computer when I was at school. My school didn’t have a computer lab. I got to use Windows machines a few times in a regional computer labs. I still use what I learned in Excel spreadsheets now.

My experience with computers started with work and eventually bought my own secondhand Mac. Cut and paste completely changed the way I wrote. I got to use internal email working for Corning and internet connectivity when I went to university. One of my friends had a CompuServe account and I was there when he first met his Mexican wife on an online chatroom, years before Tinder.

Leaving college I set up a Yahoo! email address. I only needed to check my email address once a week, which was fortunate as internet access was expensive. I used to go to Liverpool’s cyber cafe with a friend every Saturday and showed him how to use the internet. I would bring any messages that I needed to send pre-written on a floppy disk that also held my CV.

That is a world away from the technology we enjoy now, where we are enveloped by smartphones and constant connectivity. In some ways the rate of change feels as if it has slowed down compared to the last few decades.

  • Internet freedom

    Sacha Baron Cohen won an award and made a speech on internet freedom at the Anti-Defamation League awards. He’s a really good orator. Sufficiently good that the likes of Alphabet, Facebook and Twitter must be thankful that he doesn’t have a political office (yet). Check it out, its well worth half an hour of your time.

    It feels like things are coming to a head.

    #wirsindmehr

    The landscape

    China has been preaching cyber-sovereignty (and taking advantage of the laissez faire western platforms for its own dark ends). The parallels between 1930s Germany and the current Han nationalist policies of China’s communist party can’t be overstated.

    The British government is afraid, and has failed to release its own report on whether Russian influence operations shaped UK election outcomes.

    In the US, we have an armed man driving across the country and opening fire in a restaurant to investigate the veracity of a conspiracy theory posted online.

    Baron Cohen outlines his own examples:

    …when Borat was able to get an entire bar in Arizona to sing “Throw the Jew down the well,” it did reveal people’s indifference to anti-Semitism.  When—as Bruno, the gay fashion reporter from Austria—I started kissing a man in a cage fight in Arkansas, nearly starting a riot, it showed the violent potential of homophobia.  And when—disguised as an ultra-woke developer—I proposed building a mosque in one rural community, prompting a resident to proudly admit, “I am racist, against Muslims”—it showed the acceptance of Islamophobia.   

    Sacha Baron Cohen’s keynote speech at the ADL
    The internet’s role

    The internet has come a long way since the Clinton administration heralded its rollout as a sign of great things to come. It has worked its way into our homes, replacing brown goods in the living room and empowering the home computer and games console. From there it has slipped into our pockets and on to our wrists through our cellphones and watches.

    For many people, the internet mediates many of their daily social interactions. It is the channel for popular culture and current affairs. All of which has been curated by algorithms for them. It takes a considerable effort to step out of that.

    I still:

    • Buy my music rather than subscribe to it
    • Pay for a news reader to curate my own online reading
    • Try and limit my reactions on social media to my own curation of content for others, rather than taking in content there

    I work within the media industrial complex. I have a good idea of what’s possible.

    That isn’t to say that there was a golden age where the internet was a haven of enlightened thought and polite debate. If you believe that, you’re wrong. As Baron Cohen eluded to in his keynote:

    Conspiracy theories once confined to the fringe are going mainstream.  It’s as if the Age of Reason—the era of evidential argument—is ending, and now knowledge is delegitimized and scientific consensus is dismissed.  Democracy, which depends on shared truths, is in retreat, and autocracy, which depends on shared lies, is on the march. 

    Sacha Baron Cohen

    Firstly, the move to the fringe had been a relatively recent phenomena. Following his 1968 ‘rivers of blood’ speech, Enoch Powell had a 74 per cent approval rating amongst British people according to a poll done by The Gallup Organisation.

    About the same time, my parents told me about the ‘No Blacks, No Irish, No Dogs’ signs. These were found in many British towns at the same time that hippies were advocating peace and love

    The fringe that Baron Cohen talks about existed in live music venues and concert sold music merchandise for bands like Skrewdriver. I was just that bit too young to see the National Front marches that happened in various cities in the 1970s. Rock Against Racism again was something I just missed out on. The 1980s had the right wing skinhead movement as much more on the fringes. This was complicated by the various tribes

    • ‘Traditional’ skin heads who loved ska, loved their mates and weren’t afraid of a good fight
    • Left wing skin heads who tended to be more of a European thing
    • Anarchist affiliated skin heads, who were similar to anarchist affiliated punks
    • Skin heads who were affiliated with progressive causes such as animal liberation and gay rights

    There were fanzines passed around. Books were given limited private pressings and sold via mail order. A guy I went to college with had a reputation being a ‘weirdo’. Everywhere he went (in US army surplus clothing including a cold war era steel helmet. Everywhere in his wake he left Combat 88 stickers and warned anyone who would listen of the coming race war.

    European games programmers developed a concentration camp manager simulator with a game play mechanism similar to The Sims. This was distributed over bulletin boards and the ‘sneaker net’ – copied on to diskette and shared with other people.

    Stormfront set up a dial-up bulletin board in the US, which then moved on to the nascent web.

    There was hate speech, conspiracy theorists, paedophiles and worse on the internet. At first a certain amount of technical skill, provided a barrier between the mainstream user and the content. Not everyone had a handle on Usenet groups or IRC channels for instance.

    Then as the volume of web sites increased massively there wasn’t an effective way to have these ideas served to you unbidden unless you had a dig around to find forums of likeminded people like Stormfront.

    Stormfront’s founder said

    “provide an alternative news media” and create a virtual community for the fragmented white nationalist movement.

    From hope to hate: how the early internet fed the far right – The Guardian

    Google’s search engine made it a bit easier to find web-based forums for pretty much anything under the sun.

    Baron Cohen isn’t trying to remove all the fringe content from the web. It would be an almost insurmountable battle. It takes the Chinese government a lot of effort. And that’s dealing with:

    • One written language
    • A limited amount of internet companies
    • Absolute control over the country’s internet infrastructure
    • Tens of thousands of censors and engineers working full-time on maintaining a harmonious internet that still has a lot of hateful sentiment under the guise of Han nationalism
    When platforms become publishers

    The first thing that comes through about the the platforms that Baron Cohen discusses:

    • Alphabet (Google, YouTube)
    • Facebook (Facebook, Instagram, WhatsApp)
    • Twitter

    All of these platforms (like Yahoo! before it) are afraid of being considered to be publishers. Being a publisher brings a host of obligations that require resources to address. Things like:

    • Editors
    • Respecting intellectual property rights
    • Defamation and slander law liability (outside US)

    All of these things put you inside the remit of often contradicting laws of different countries. So it is in the financial interests of these companies to back ‘extreme free speech’.

    As the popularity of these platforms increased a few things happened:

    • On social platforms, the amount of content available to view increased to a point that it became unmanageable for the average consumer
    • The situation is similar with video platforms
    • On search platforms, providing the best search provided competitive advantage by serving up whatever consumers wanted. If consumers don’t find what they want through your search engine, they may build up a habit with someone else’s service
    • They started to have a large amount of audience knowledge which they parleyed into targeted advertising
    Why algorithms?

    Algorithms are all around you.

    • They amplify easy paths. It’s when you start looking at a shopping site and they suggest other products that it thinks you might be interested in
    • It’s when Google knows that there are cats in a picture when you go looking for cats
    • It’s when you’ve finished Narcos and Netflix suggests that you might like Peppa Pig because parents fail to set up a separate profile for their children and have watched Narcos once the kids are in bed
    • On social it’s more subtle. It sees what you, or people it thinks are like you engage with ad serves up more of it. That way you no longer have to worry about wading through everything your contacts have shared

    The problem is that this creates filter bubbles. And in the filter bubble it reinforces everything it thinks that you want to see. You’re no longer the one alien obsessed guy down the pub, but connected to alien conspiracy nuts just like you.

    However all is not what it seems. Marketers, particularly agency marketers like myself when we get together bemoan the effectiveness of Facebook in particular.

    • Organic reach of a given post has declined massively. Ogilvy did some great research on it five years ago, aggregating data on client accounts of different sizes from around the world.
    • An appreciable amount of the audience for content on Facebook isn’t real. Viewable impressions could be only 60% of the total impressions served. Maybe less.
    • The average view time will be less than 5 seconds
    • In terms of brand building metrics such as memorability and landing messages it terms to be no great shakes
    • It can be great if you have a particular call to action like ‘buy now’

    But it makes it much harder for us to believe fully in the picture that Baron Cohen portrays.

    • Is Facebook (and other social platforms) a horrible place. Yes it can be
    • Do the leadership of these companies have values that are way out of step with the countries that they live in. Absolutely.
    • Are they as powerful as Baron Cohen believes? Again, they can be. But probably not the universal power of evil overlords that the media would have you believe. That’s not about intent, I am sure they’d love the power. Instead, they’re just not that good.
    Lets have a chat about machine learning

    The secret sauce that a lot of these companies are trying to use is something called machine learning. Its the stuff that the media says will steal your job. You might hear the phrase AI or artificial intelligence used interchangeably with it.

    It is good for some specialist things, but not nearly as sophisticated as the media would have you believe. Its no good in tasks that have a degree of uncertainty or ambiguity. Its not perfect at making judgement calls – just look at your email account’s spam email filter.

    This is the technology that people expect to make calls about the kind of ethical issues Baron Cohen discusses – its not going to happen any time soon.

    It’s not all about the internet

    In Baron Cohen’s own words:

    Zuckerberg says that “people should decide what is credible, not tech companies.”  But at a time when two-thirds of millennials say they haven’t even heard of Auschwitz, how are they supposed to know what’s “credible?”  How are they supposed to know that the lie is a lie?

    Baron Cohen’s point is that when truth and alt facts are put together with equal weighting, the audience finds it hard to differentiate or retain the content. That lack of knowledge or mass ignorance isn’t solely a failure of technology. Collectively society has failed to make everyone air of shared objective truths.

    Solutions?

    Baron Cohen talks about freedom of speech not being equal to freedom of reach. The reality is that social content typically reaches 1% of followers. The exception is if the content becomes popular with that 1%. It is not algorithms on their own.

    He also talks about regulating platforms in a more similar way to newspapers or TV stations. In truth social media is closer to public access television in the US around about the time of the 1984 Cable Communications Act. All be it, with advertising and reach that CNN could only dream of.

    Slowing down the posting of content, Baron Cohen talks of this as a possible solution. It will certainly remove some of the heat. It’s not certain if he wants this to included a review of every post prior to publication. If so, that will require a lot of people to augment a lot of machine learning.

    If a service becomes less agile, it would also leave the space open for new services to pop up – creating Mark Zuckerberg’s worst nightmare. Chinese companies stealing his market share and money that should go into Facebook’s coffers.

    Not that simple

    Let’s talk about shared truths for a bit. We can all agree on scientific truths such as the earth going around the sun, Newtonian physics and even quantum physics. Things start to come apart when one considers real world events. The Chinese will have a very different view to people in the west.

    Imagine for a moment if China through the Hong Kong government could deprive the pro-democracy protestors of their ability to organise online? The Chinese government narrative would be something along the lines of:

    • They’re splittists
    • Spreading hate and violence against innocent Chinese
    • Racists against their own people

    Or what happens to Russian opposition leader Alexei Navalny when he was recently interviewed by the Financial Times. Then there is the issue of what nation states do to each other

    …the Kremlin’s success was less in manipulating the west than creating the perception it was able to do so. “You can spend $500,000 on Facebook ads and for several years the whole establishment of a huge western country will go nuts about interference, even though its real effect is risible. The investments are minimal but they give you front pages and power.

    Alexei Navalny: ‘Why don’t they come and sit in jail with me?’ | Financial Times 

    Most of the world would probably beg to differ, but once we go down the road of regulation it will open up new problems and dilemmas. Regulation wouldn’t save the Rohinga from the counter insurgency (COIN) operations of the Myanmar government.

    The problem needs to start with people. We’re at our technologically most advanced and yet we seem to be living in the dark ages. A secondary issue might be the technological devices that we use to access the internet. Baron Cohen talks about the need to slow down the posting of content. This would be to reduce the frenzy of views and instant venting of pure emotion.

    Part of that is down to the platforms, but part of it might be device design. I have been giving some thought to that last point. More in it another time.

     

  • Car into a smartphone + more

    Horace Dediu on the transformation of the car into a smartphone. Turning a car into a smartphone isn’t a technology revolution that particularly excites me. I prefer things that can kill me to be using highly reliable real time operating systems with no real time network connectivity – if they have to run software at all. Former Thai finance minister Suchart Jaovisidha who was locked inside his BMW limousine by its onboard computer is a lesson to us all.

    China Mobile 5G launch video is absolutely terrifying and probably the best advert for LTE that I’ve ever seen.

    China Mobile Hotspot

    Consumer use case doesn’t seem to be that high on their priority. So there’s no downloading of Netflix style TV in a flash.

    So what is the killer app? It isn’t autonomous cars, or life saving tele-medicine. But dystopian omnipresent Chinese security. There’s no way I’d be buying a Huawei 5G handset after watching this. It has extra resonance with the current ‘Be Water’ protests going down in Hong Kong. More wireless related posts here.

    I am guessing that China Mobile won’t be handing out copies of Shoshana Zuboff’s The Age of Surveillance Capitalism. Here some of the books main topics are discussed by Shoshana Zuboff, Carole Cadwalladr, Paul Hilder and Shahmir Sanni.

    VCCP’s first campaign for Cathay Pacific is interesting. It has moved away from the professional business traveller to focus on the leisure travel market. This might be a bet on where the Hong Kong economy is going and a ploy to try and tap into the burgeoning Chinese luxury travel market. I suspect that a good deal of it is Cathay Pacific not being price and service competitive with the likes of Oatar Airways on premium long haul flights.

    For me this was a generic ad highlighting Cathay’s overall service rather than the business class experience. which is wedged in awkwardly on the end.

    Finally, Robin Sloan’s short story The Sleep Consultant | The Meteor – feels like as if William Gibson started writing for Monocle.

  • US military right to repair + more

    Here’s One Reason the US Military Can’t Fix Its Own Equipment – The New York Times – the irony of the US military being restricted by US legislation and lack of ‘right to repair’. US military withdrawal from R&D hasn’t help things either. DARPA does pure research, but the focus on COTS (commercial off the shelf) solutions by the US military has seen a withdrawal from more practical applications. Where is the modern US military equivalent of things like the Piccatinny rail standard? More security related content here.

    KSC-20191102-PH-BOE01-0001

    Facebook’s fake numbers problem — Lex in depth | Financial TimesFacebook’s own estimates suggest duplicate accounts represent approximately 11 per cent of monthly active users while fake versions make up another 5 per cent. Others claim the total is higher. Yet Facebook continues to promote its user base as an incredible 2.45bn per month — close to one-third of the global population.” – ok so some of the logic is wonky, but the underlying point is very interesting

    Adidas is shutting down its Speedfactories in Germany and the US — Quartz – Adidas is apparently moving this to APAC which negates the agile advantage. Is this more about Capex and recent poor financial results instead?

    Sidewalk Labs document reveals company’s early vision for data collection, tax powers, criminal justice – The Globe and Mail The community Alphabet sought to build when it launched Sidewalk Labs, she said, was like a “for-profit China” that would “use digital infrastructure to modify and direct social and political behaviour.” While Sidewalk has since moved away from many of the details in its book, Prof. Zuboff contends that Alphabet tends to “say what needs be said to achieve commercial objectives, while specifically camouflaging their actual corporate strategy.” – some of the most sinister stuff I’ve heard of, that hasn’t been originated by Chinese Communist Party cadre

    E-Commerce Content Marketing: A 2020 China Trend | PARKLU – basically OTT shopping TV

    Luxury Daily | Breitling in step with resale mood launches online trade in programme – or a way of stimulating sales. Rolex seems to have sucked a lot of the momentum out of the luxury watch market. Breitling and and other brands like IWC have suffered

    Chaebols and firm dynamics in the Republic of Korea | VOX, CEPR Policy PortalMoving from low- to high-income status implies that countries escape the middle-income trap. This implies institutional reform to create innovation-based growth. The column uses firm-level data to show how the Korean government’s chaebol reforms in the late 1990s transformed the economy from an investment-based to an innovation-based model. There are lessons here for China.

    USAF officer says China brags about stealing US military tech, they call it “picking flowers in the US to make honey in China” | War Is Boring”China devotes significant resources at a national level to infiltrate our universities and our labs,” Murphy stated. “They are doing it for a reason. They’ve even coined the phrase, ‘Picking flowers in the US to make honey in China,’ which I would say perfectly illustrates their deliberate plan to steal R&D, knowhow, and technology

    Why are so many countries witnessing mass protests? | The Economist – interesting on how there isn’t necessarily a clear correlation of reasons, despite efforts to find a pattern – (paywall)

    Apple, TikTok draw congressional rebuke for skipping hearing on China – The Washington Post – I hope that they get penalised

    Dialog 50 cent SoC Targets Disposable Bluetooth Market | EE Times – environmental disaster in waiting

    Smartphones Rule. But Should They Control Cars? | EE Times – no they shouldn’t

    Something in the air – Why are so many countries witnessing mass protests? | International | The EconomistAs Red Flag, an Australian socialist journal, sees it: “For more than four decades, country after country has been ravaged by neoliberal policies designed to make the mass of workers and the poor pay for what is a growing crisis in the system.”

    Opinion | Why Google’s Quantum Supremacy Milestone Matters – The New York TimesIn everyday life, the probability of an event can range only from 0 percent to 100 percent (there’s a reason you never hear about a negative 30 percent chance of rain). But the building blocks of the world, like electrons and photons, obey different, alien rules of probability, involving numbers — the amplitudes — that can be positive, negative, or even complex (involving the square root of -1). Furthermore, if an event — say, a photon hitting a certain spot on a screen — could happen one way with positive amplitude and another way with negative amplitude, the two possibilities can cancel, so that the total amplitude is zero and the event never happens at all. This is “quantum interference,” and is behind everything else you’ve ever heard about the weirdness of the quantum world.

    5G will only be as revolutionary as the devices we design for it — Quartz“When we’ve spoken with consumers who carry the latest smartphones today, and you talk with them about 5G, what these users are saying is that the current form factor and feature sets cannot take advantage of the promise of 5G,” Sethi told Quartz. While smartphones are great for reading the web, watching videos, and checking emails, there’s not much that a considerably faster connection speed will do for them that they can’t already do.

    Unreal life: just 21% of Brits believe internet personalities portray life honestly | YouGov – about authenticity as a concept….

    Letter of the US attorney general – very thoughtful defence of end-to-end cryptography in the face of sensationalist ‘protecting children’ claims

    How China’s mystery author called its economic slowdown | Financial Times – interesting read about the end of China’s growth

    I Accidentally Uncovered a Nationwide Scam on Airbnb – VICE – the interesting bit is that AirBnB don’t care if people get grifted

    China effectively bans online sales of e-cigarettes | Revue – given that: China invented the e-cigarette and the government has a monopoly on smoking sale. This isn’t the market opportunity loss Juul et al might think that it is

    IPA | IPA reacts to Twitter’s political ad ban If online platforms won’t commit to a publicly available, platform-neutral, machine-readable register of all political ads and ad data online, then they should consider following Twitter’s lead in banning political advertising – and even then what would the first solution solve, given the failure of legislative regulation – what’s the point of a register when you have both major parties more crooked than a yakuza convention, but without the style?

    IPA | IPA Insight Infographic: Smartphones – interesting point for me is that the phone alarm didn’t appear on this

    IPA | Legal Update 31 October 2019Google announced that they are making changes to YouTube to address the substance of the FTC’s concerns and will apply these changes globally. The changes, which will be rolled out from January, include:• moving families over to YouTube Kids through notifications and educating parents about its benefits;• identifying Made for Kids content on YouTube via a combination of input from creators and machine learning; and • no longer serving personalised ads on Made for Kids, for all users regardless of age, and serving only contextual ads on this content

  • Tyler Cowen on digital economy

    Interesting session with Marginal Revolution’s Tyler Cowen at the OECD. Tyler Cowen is an economics professor at George Washington University, author, blogger and media commentator. In this discussion Cowen addresses the challenge of Huawei and big tech. Cowen is broadly pro big business, anti-small business and pro big tech in his outlook.

    In his discussion in terms of big technology Tyler Cowen has an interesting position, though not something I would agree with. As it doesn’t allow for startups coming through in a winner-takes-all environment. Working agency side for clients as the dot com boom took off, you could see the impact of ‘Microsoft fear’ as it was shed in Silicon Valley. For instance, Yahoo! went out of their way to call themselves a media company rather than a technology company. Supporting big tech means supporting ‘just good enough’ bundled services, rather than a better product. It also reflects a very American-centric viewpoint.

    Cowen is very concerned about biometric recognition (facial recognition, finger print analysis and gait analysis). He doesn’t realise that his concerns are at odds with his neo liberal pro-

    Tyler Cowen is also very concerned about the dominance of Huawei in 5G network rollout. Whilst I understand his position, it lacks a certain amount of nuance in understanding network rollout and Huawei’s place in the networks (at least in western countries). It is also at odds with his general pro big tech stance.

    An interesting nugget from interviews that Cowen has done (in promotion of his books) newspaper journalists were upset about Facebook, all radio journalists are anti-Amazon.

    Tyler Cowen’s comments on trust are interesting. The key thrust is that online has allowed elites and their faults to be more available online.

    It is well worth giving this a listen over a lunch hour (its 77 minutes long). More from Tyler here. More economics related content here.

  • Bumper issue of stuff from the web

    This is a bumper issue of my regular(ish) posts of interesting stuff around the web

    Apple’s Cook meets China regulator after pulling Hong Kong app – ReutersQuisling Tim Cook takes more orders from China

    Daring Fireball: Apple Removes HKmap.live From App StoreI still haven’t seen which local laws it violates, other than the unwritten law of pissing off Beijing. This is a bad look for Apple, if you think capitulation is a bad look.

    The Nike of China Wants to Go Global and Has Xi in Its Corner – BloombergAnta seems better positioned to challenge the Western sporting apparel giants because it’s building a family of brands with reach far beyond China. He says the company has been bolstered by its recent $5.2 billion acquisition of Finland’s Amer Sports Oyj, parent of ski brands Armada, Atomic, and Salomon, as well as high-end outdoor gear company Arc’teryx and equipment company Wilson. “Anta is heading towards the Winter Olympics in much better shape than Li-Ning was in 2008,” Martin says. “With the winter and outdoor sports brands, it’s very relevant. Anta’s already in a better position to leverage the sponsorship.” – (paywall) – interesting article. What isn’t discussed is that Salomon and Arcteryx are key providers to western militaries including special forces units. Arcteryx’s LEAF outfits have a lot of material and design innovations that have aided operators. This is a very real security risk that hasn’t been addressed at all. Buying Salomon and Arcteryx provides Anta with a bumper issue of technology and innovative design

    China Celebrities Help Fan New Generation of Nationalists – Bloomberg – mando pop idols used to push nationalist agenda. Also explains government restrictions on K-pop in China. North, south, east or west – the party is first is going to make for very dull content

    Terminus 2049 | NBA events and national madness – sane Chinese thoughts on the NBA debacle, fascinating read which provides insight into the conundrum of correlation between Chinese national fragility / sensitivity and Chinese power

    Chinese Values Are Changing America – The Atlantic – China is transforming the US rather than the other way around

    On-Board ‘Mystery Boxes’ Threaten Global Shipping Vessels | ThreatpostCommercial shipping environments are rife with vulnerabilities, according to researchers – up to and including unpatched “mystery boxes” that no one knows anything about. “In every single [nautical pen] test to date we have unearthed a system or device, that of the few crew that were aware, no one could tell us what it is was for,” said Andrew Tierney, researcher with Pen Test Partners – given the importance of logistics in the global economy this should be frightening. That sounds like a bumper issue of security faults…

    Home Bargains delivers bigger profit than Harrods | Financial Times – there’s room at the bottom of the UK market as the middle class collapses. Instead the new poor will have a bumper issue of made in China products

    The Boycott Blizzard Movement Is Weighing on Activision Blizzard Stock – Barron’sBoycott Blizzard responsible for an 18 – 23% drop in US revenue – multinational corporations alignment with the Chinese government is not starting to burn the businesses in markets outside China

    Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax HavensWe find that private capital flows from developed countries like the U.S. and Eurozone to firms in large emerging economies – including Brazil, China, India, and Russia – are substantially larger than previously thought. (PDF)

    Huawei’s 5G Tech Isn’t Worth the RiskHuawei may assert that it has already taken an unbeatable lead in 5G infrastructure, judging who’s truly ahead in the field means looking at multiple criteria. Such indicators can include commercial contracts, deployed performance, integration with network infrastructure, and real technological innovation. For example, Huawei has claimed that it has more 5G patents than all U.S. companies combined, but quantity does not necessarily correlate with quality—especially in China, where patents are often of dubious value. – Interesting article, it burns Huawei in a different and probably more damaging way if it gained traction

    FE Investegate |Sports Direct Intl. Announcements | Sports Direct Intl.: Media Statement – interesting move by Sports Direct looking to counter Nike’s move to a direct to consumer only model over the next two years

    WSJ City | Congress Probes Bot E-Cigarette Messages – interesting how the US is a world away from the UK in terms of vaping regulation and marketing

    What can we tell from China’s reviving sales of instant noodles? | HKEJ Insight – inelastic spend / consumption patterns?

    China fact of the day | Marginal RevolutionStarting with the Opium Wars in the 19th century, foreign powers bullied a weak and backward China into turning Hong Kong and Macau into European colonies. Students must memorize the unequal treaties the Qing dynasty signed during that period. There’s even a name for it: “national humiliation education.”

    Flora ends Mumsnet partnership over spread of anti-trans sentiment | The Drum – proud of my old colleagues from my time contracting at Flora

    What luxury brands can learn from Golden Week 2019 | Marketing | Campaign Asiathe silver generation has gone on to become the driving force behind holiday consumption. According to data from Alibaba, this demographic is now tech-savvy and will order food delivery, book travel packages online, and purchase high-end skincare and health packages from their phones. As much as luxury brands focus on millennials and Gen-Z, they shouldn’t ignore Chinese seniors, many of whom are retirees willing to splurge on luxury goods and go on luxury holidays. According to a study by the China-Britain Business Council, Chinese seniors who are 60 or older have set aside an average of 15 percent of their annual income for travel.

    ADMAP | June 2019 | Tim Doherty on how China is finding its voice – YouTube – Chinese using voice interfaces for entertainment and surf the web, 77% use of voice on smartphones. I wonder how much of this is voice messages on WeChat rather than Siri type interactions? Interesting how strong government support has bolstered voice technology

    Handbag Market Dynamics Have Changed | NPDToday’s consumer is looking for a solution, not just a bag. Consumers expect a lot from the products they are buying, from function and versatility to a brand’s engagement in the social and environmental issues that matter to them, and the luxury market is not immune to these pressures

    Here’s How the UK Avoided A “Vape Lung” Epidemic“I think the difference between the U.K. and the U.S. are due to the American propensity to turn health issues into moral crusades,” University of Louisville doctor and tobacco addiction expert Brad Rodu told Vice. “It appears that policymakers in the U.S. are either completely ignorant of the history of tobacco, or completely ignore it.”

    LinkedIn Adds Tools to Help Marketers Sharpen Their Campaign Targeting – Adweek – another Matt Muir zinger: The ability to create targets using Boolean parameters is quite a nice touch (if that sentence fragment meant nothing whatsoever to you then know that I am so, so jealous of your innocence), as is the live view of the exact demographic breakdown of your target audience as you set your ads up (so, for example, you can see what percentage of the overall X,000,000 people you could potentially reach are senior managers, what percentage janitors, etc). Really rather useful, although it doesn’t stop LinkedIn from being a miserable, awful place where joy goes to die

    Facebook’s Workplace hits 3M paying users, launches Portal app in a wider push for video | TechCrunch – I’ll leave you with Matt Muir’s critique: – 3million paying users is a lot for a product which, whenever I’ve seen it in use, doesn’t appear to actually fulfil any practical purpose whatsoever other than giving HR another channel through which to spout platitudes about cake-based fundraising initiatives and what’s on the canteen menu today. Still, some people obviously like it (ha! Joke! Noone ‘likes’ this stuff; at best, one tolerates it while one waits for the sweet release of death), and should you be one of said people then you will be THRILLED to hear of a few exciting updates to the service. “Workplace is announcing several steps of its own into video. It’s releasing a special app that can be used on the Portal, Facebook’s video screen; and alongside that, it’s announcing new video features: captioning at the bottom of videos; auto-translating starting with 14 languages; and a new P2P architecture that will speed up video transmission for those who might be watching videos on Workplace in places where bandwidth is constrained.” Oh, and there will be a bunch of new materials and tools available to help the aforementioned HR people to get people to actually use the service, as well as METRICS and ANALYTICS and OTHER STUFF. Lucky, lucky us.

    Daily chart – Exposure to air pollution is linked to an increase in violent crime | Graphic detail | The Economist – explains the rise of rabid Han nationalism in China

    How NBA crisis brings US-China tension into American living rooms – Inkstone“What used to be the gap between the hard consensus on China in Washington and the ambivalence or bias toward a positive perspective on the street, that gap is closing,” said Jude Blanchette, chair in China studies at the Center for Strategic and International Studies in Washington

    LVMH’s Luxury Ventures Fund Invests in 2-Year Old Streetwear Brand Madhappy — The Fashion Law

    Facebook to Pay $40M in Proposed Settlement in Video Metrics Suit | Hollywood ReporterAccording to a brief in support of the settlement, Facebook would pay $40 million to resolve claims. Much of that would go to those who purchased ad time in videos, though $12 million — or 30 percent of the settlement fund — is earmarked for plaintiffs’ attorneys. The suit accused Facebook of acknowledging miscalculations in metrics upon press reports, but still not taking responsibility for the breadth of the problem. “The average viewership metrics were not inflated by only 60%-80%; they were inflated by some 150 to 900%,” stated an amended complaint.

    That’s the end of this bumper issue of links. Watch out for the next bumper issue that is likely to be equally diverse in nature