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Illusion of freedom in digital age

With the rise of A.I. and an endless sea of personal data available, some start to question, "How free are we?" Yes, it is true that A.I. will free us from many of the meaningless tasks that we are saddled with on a daily basis. However, there are serious concerns as to how our data is used for both positive and negative reasons.

We continue to see China using nearly every tool imaginable to monitor and control the lives of their citizens. Sesame Credit started just a few years ago but is now becoming mainstream in China. For those of you who are not familiar with the system, it is one where citizens are graded by their actions, things they buy, and other factors such as support of their government's policies. If you have a low credit score, you can be prevented from buying a house, sending your kids to private school, and other actions that restrict your freedom.

Walk the talk on climate change

New Zealand hasn't been walking the talk on climate risk, finds a sweeping new analysis of hundreds of annual reports and statements.

Climate change threatens hundreds of billions of dollars of property and infrastructure, and will require an economy-wide shift toward lower emissions. However, of more than 380 large organisations analysed, just 40 recognised the risks as of serious concern—suggesting that boards either opted not to publicly disclose the implications, or didn't discuss them at all. "Both are horrific—but the latter is particularly more horrific," said Wendy McGuinness, chief executive of Wellington-based think-tank the McGuinness Institute.

Heatwave in Japan

Japan heatwave declared natural disaster (BBC News)

In July 2018, Japan's weather agency declared a heatwave which swept the country a natural disaster, with at least 80 deaths recorded. An agency spokesman warned that "unprecedented levels of heat" were being seen in some areas. More than 22,000 people were admitted to hospital with heat stroke, nearly half of them elderly, emergency officials said. Last Monday, the city of Kumagaya reported a temperature of 41.1ºC (106ºF), the highest ever recorded in Japan. In central Tokyo, temperatures over 40ºC were also registered for the first time.

Flooding in Japan

Hit by its worst weather catastrophe in decades, Japan watched in horror in the summer of 2018 as torrential rains caused more than 200 deaths and 600 landslides, with whole villages swallowed by floods. The rains, which prompted millions to flee their homes and left 250,000 houses without water or electricity, were the worst weather-related crisis for 35 years.

Crisis experts say Japan’s ageing demographics exacerbated the tragedy, as the elderly are more vulnerable and less able to protect themselves. Almost a third of the population was over 65 in the most damaged area, in the country’s south-west.

Government officials described “frantic efforts” to understand why so many elderly residents ignored evacuation orders. “I think Japan is going to have to recognise that old people either cannot, or do not want to, follow the textbook procedures in a crisis,” said one senior official.

U.S. lacks paid maternity leave

In most American families led by couples, both parents are in the workforce. At the same time, nearly 1 in 4 U.S. children are being raised by single moms. Yet child care is generally unaffordable and paid leave is not available to most U.S. parents.

The 1993 Family and Medical Leave Act in the U.S. did mandate 12 weeks of unpaid job protected leave for some American workers. Yet most families can’t forgo the income that moms bring home.

In Denmark, moms get almost 18 weeks of paid maternity leave and dads get two weeks of paid paternity leave. On top of that, couples get up to a total 32 weeks of parental leave, which parents can split.

Entrepreneurship in Japan

The start-up scene in Japan has historically lagged behind the Silicon Valley and China, but several investors told CNBC that things are changing.

Workers have traditionally seen starting a company as "kind of a Plan B," according to James Riney, head of 500 Startups Japan. Finding entrepreneurial talent in the country used to be difficult because of an aversion to risk among Japanese workers. Many wanted the stability of corporate or public-sector jobs.

"If you didn't get into the major companies, the brand name companies, entrepreneurship was kind of like this second option that you could consider," Riney told CNBC.

Today, many young people are joining start-ups even as corporate Japan grapples with a labor shortage.

Rant: Marketing school is failing

A "rant" is passionate, typically angry, speech or writing about a particular topic.

The topic of this rant from 2013 is the failure of marketing schools to prepare students for the new internet-based marketing industry. 

Take a deep breath and try to read as emphatically as you can.

"Unfortunately, the curriculum taught in today’s universities does not reflect the social media reality. Not one résumé from a 2013 marketing graduate on my desk contains a single social media account, blog or website URL. These are bare-minimum requirements to work as a marketer today. When asked, every candidate has openly admitted that they don’t read any blogs.

"The interview process proved what the résumés hinted at—that today’s marketing graduates have virtually zero Internet marketing training or knowledge. 

World's richest man: Jeff Bezos

Jeff Bezos, Amazon CEO, became the world's richest man, defeating Bill Gates, co-founder Microsoft.

The recent surge in Amazon stock has pushed Bezos' fortune to over $90 billion, vaulting him past Bill Gates. Bezos has been chasing Gates for the number one spot for a few years now and finally succeeded in superseding him. But this dream run was short-lived. On Thursday, Bill Gates was crowned again as the world's richest man as Amazon stocks went down by 1%. 

Because their wealth is largely a result of the shares they own of their company and its fluctuating price, it is possible that the wealthiest title may go back and forth between Gates and Bezos.

Boredom is actually good for you

Forbes Coaches Council contends that boredom at work, far from being a terrible thing, offers a chance “to reflect, strategize and create”.

Here are some of the more constructive aspects of boredom, in their opinion:

1. Boredom Inspires Us To Expand Horizons 
Boredom provides a great opportunity for us to examine ourselves and seek new ways to expand our world and thinking, so go and learn something new. Get out of the rut that is creating the boredom. Do more. Be more. Live more.

2. Creativity Stems From Boredom 
Boredom leads to awareness. It signals to the brain that it needs different ideas, thoughts or things to do. Humdrum activities like taking a shower or driving have been times when great ideas and thoughts have occurred in the history of mankind.

Carbon sucking tech

The world will need "carbon sucking" technology by 2030s, scientists warn.

As efforts to cut planet-warming emissions fall short, large-scale projects to suck carbon dioxide out of the atmosphere will be needed by the 2030s to hold the line against climate change, scientists have said.

“If you’re really concerned about coral reefs, biodiversity [and] food production in very poor regions, we’re going to have to deploy negative emission technology at scale,” said Bill Hare of Climate Analytics, a science and policy institute.

World leaders agreed in 2015 an aim of holding global warming to 1.5C above pre-industrial times in order to protect small island nations from sea level rises, shore up food production and prevent extreme weather.

American work culture for females

Once upon a time, the American dream was built on the ideal that hard work leads to success. But today, with the rise of technology, the message has become: work all the time or you will fail, Melinda Gates argued in her first column on LinkedIn. 

This workaholic culture is particularly harmful to women, Gates writes, because women are still being told by society that home care and child care is up to them as well. She explained:

"We’re sending our daughters into a workplace designed for our dads... The American workplace was set up based on the assumption that employees had partners who would stay home to do the unpaid work of caring for family and tending to the house. Of course, that wasn’t always true back then, and it definitely isn’t today."

The dying art of disagreement

To say the words, “I agree”—whether it’s agreeing to join an organization, or submit to a political authority, or subscribe to a religious faith—may be the basis of every community.

But to say, I disagree; I refuse; you’re wrong—these are the words that define our individuality, give us our freedom, seize our attention, energize our progress, and make our democracies real.

To listen and understand; to question and disagree; to be willing to entertain unpopular ideas and cultivate the habits of an open mind—this is what I was encouraged to do by my teachers at the University of Chicago.

Intelligent disagreement is the lifeblood of any thriving society. Yet in the United States we are raising a younger generation who have never been taught either the how or the why of disagreement. 

Can we do better?

Volvo's battery-infused car

In 2013, Volvo announced a potentially revolutionary approach to designing electric vehicles (EVs). It wanted to replace some of the steel body panels in its cars with carbon fiber composite materials that can store power like a battery.

The rechargeable panels would be composed of multiple layers of carbon fiber, which are insulated from each other by fiberglass inserts. The result is a structural component that can be charged like the battery.

Though this new design would reduce weight problems associated with rechargeable car batteries, it was not without its problems. In the event that the car crashes, emergency crews would essentially be trying to fish someone out of a giant damaged battery. The cost of carbon fiber was also quite high. Due to these issues, Volvo decided not to mass produce its new cars.

Toyota invests in an Asian Uber

Japanese automotive giant Toyota has made a strategic investment in South East Asia taxi-hailing service Grab.

Grab, which competes with Uber, announced on Wednesday that Toyota is investing in a $2 billion (£1.6 billion) plus funding round that was announced in July. Other investors in the round include Japanese tech firm SoftBank and its Chinese equivalent, Didi Chuxing.

Grab—which currently offers services in 87 cities across Singapore, Indonesia, Philippines, Malaysia, Thailand, Vietnam and Myanmar—has raised around $3.5 billion (£2.7 billion), according to Crunchbase.

Self-driving tractors in Japan

Major Japanese agricultural machinery makers are developing self-driving tractors. The government plans to support the introduction of these  tractors amid growing hopes that such machines will help farmers cope with labor shortages at a time when many are aging and face difficulties finding successors.

In June 2017, Kubota Corp. started selling the country’s first tractors with autonomous driving functions on a trial basis. Utilizing the Global Positioning System (GPS), the tractors can keep tabs on where they are operating.

As the machines still need to be monitored, Kubota assumes that farmers will operate two tractors at a time, one with a driver and the other unmanned. Having two tractors operate simultaneously in this way on farmland with an area of 3,000-5,000 sq. meters would reduce the work time by around 30 percent, according to Satoshi Iida, a senior managing executive officer of Kubota.

Singularity will occur by 2047

Singularity—the point when machine intelligence surpasses our own and goes on to improve itself at an exponential rate—will happen by 2050, according to Masayoshi Son, the Japanese tech mogul leading SoftBank.

In 2017 he said: "I totally believe this concept. In the next 30 years, this will become a reality."

Son went on to say that our world will fundamentally change as a result of so-called superintelligences that will be able to learn and think for themselves, TechCrunch reports.

Son added that he expects one computer chip to have the equivalent of a 10,000 IQ within the next 30 years, Bloomberg reported.

When robots collude

Algorithms can learn to collude. 

Two law professors, Ariel Ezrachi of Oxford and Maurice E. Stucke of the University of Tennessee, have a working paper on how when computers get involved in pricing for goods and services (say, at Amazon or Uber), the potential for collusion is even greater than when humans are making the prices. 

Computers can't have a back-room conversation to fix prices, but they can predict the way that other computers are going to behave. And with that information, they can effectively cooperate with each other in advancing their own profit-maximizing interests.

Sometimes, a computer is just a tool used to help humans collude, which theoretically can be prosecuted. But sometimes, the authors find, the computer learns to collude on its own. Can a machine be prosecuted?

The puzzle of motivation

In April 2017, economists at LSE looked at 51 studies of pay-for-performance plans, inside of companies. Here's what they said: "We find that financial incentives can result in a negative impact on overall performance."

There is a mismatch between what science knows and what business does. And what worries me, as we stand here in the rubble of the economic collapse, is that too many organizations are making their decisions, their policies about talent and people, based on assumptions that are outdated, unexamined,and rooted more in folklore than in science. And if we really want to get out of this economic mess, if we really want high performance on those definitional tasks of the 21st century, the solution is not to do more of the wrong things, to entice people with a sweeter carrot, or threaten them with a sharper stick. We need a whole new approach.

Toshiba loses "billions of dollars"

Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen.