Bloomberg’s profile on OnlyFans, a potential major social media on the horizon
Uber sold its autonomous vehicle arm to Aurora. This move isn’t a surprise given that Uber has been trying to offload cash-intensive and loss-making businesses in order to focus on the ones that do make money. Though there is a big write-down from $7.5 billion to $4 billion, investors may find this deal good news
Online grocery slowed down in the last few months compared to the height in the summer. The basket size continued to be relatively big, compared to the same period last year and pre-Covid months.
Clover, which belongs to Fiserv and sells hardware & software payment solutions to small businesses, a competitor of Square, seems to have a higher GPV as well as a higher percentage of sellers with $125k in annual GPV. As Clover has more than 90% of its sellers above the $125,000 GPV threshold, the figure is far smaller for Square.
John Gruber’s review of Apple’s latest product: AirPods Max
This piece tells a story about how Utah uses collaboration and human touch to create policies that help foster the state’s equality and economy. Two quotes stand out to me
Utahns seem strongly committed to charitable works, by government, alongside government or outside government. Whatever tools used are infused with an ethic of self-reliance that helps prevent dependency . . . when there’s a conflict between that ethic and mercy, Utah institutions err on the side of mercy
Betty Tingey, after seeing the news coverage about the Utah Compact, wrote to the Deseret News, “I don’t know much about politics except the sick feeling I get inside when there is constant arguing. . . . I don’t know how to settle debates, but I know a peaceful heart when I have one. I felt it when I read the Utah Compact.”
This clip about an 86-year-old baking master in Greece gave me mixed feelings. On one hand, I admire his work ethics, but on the other, it can be a condemnation of a system that forces old people to work this late in their life
An interview with the principal medical officer of Amazon Halo, Amazon’s latest health tracker. Amazon has an established relationship with consumers, a well-known & loved brand, a war chest and expertise in machine learning. It’ll be interesting to see how Amazon Halo will compete in this space.
I remember six months ago, on a Friday when I was in the office, my colleagues and I were alarmed by the news that Covid-19 appeared in Omaha. We got the first confirmed case on that day. I went straight from my office to my car and drove to buy supplies that I still keep to this day. After that, we followed the news to get updated every hour on the number of cases in the US and Omaha, where we live. Every new case was a big deal. Fast forward to now, 6 months later, we have more than 170,000 deaths in the US and the number of cases is not in the hundreds or the thousands. It’s in the millions. I no longer care what the number of cases is on a daily basis. My friends don’t and judging from what I have seen on the streets of Omaha, Nebraska, many don’t either. We are already used to living with the virus at this moment. Not because we beat it. No, the number of cases in the US is still high. The last day when we had fewer than 35,000 new cases a day was almost 2 months ago! And look at the upward trend from left to right. You would love it if that were your stock portfolio’s return, but this is a deadly pandemic we are talking about!
Things don’t seem much better in Nebraska. We are on the same level as we were in May, in terms of new cases a day. It has been three months and it’s pretty difficult to argue that we made progress.
Vietnam’s handling of the crisis has been objectively successful. It was perfect up till 31st July. After going 99 days without a community transmission, an outbreak appeared in the 3rd biggest city in Vietnam. Since then, we have had 300-400 more cases and 25 deaths so far. The same story applies to New Zealand. The country also had a 102-day streak of no transmission before a new outbreak appeared out of nowhere.
That goes to show how vulnerable and fragile our societies are against this virus without a vaccine. If we don’t take, I’ll say it, draconian measures before a vaccine arrives, we won’t win this battle. Vietnam put towns with infections into lockdown. No one can be in or out. Borders have been closed to international guests for 6 months and I expect it to continue to the end of the year. Authorities go on the streets to fine folks who don’t wear a mask. Even all of those measures cannot stop the virus.
Look at what we are doing here in the US. Anti-mask is still going on in the country. If a government institutes a lockdown like we do in Vietnam, I fear there would be a civil war. Worse, some states are pushing for schools to reopen. To no one’s surprise, it didn’t take long for the consequences to arrive. Omaha reported, as of Tuesday (8/18/2020) night, there were 17 students and 18 staff tested positive while more than 150 others were in quarantine (Source: Omaha.com). In Mississippi, 71 out of 82 counties reported outbreaks at school with more than 430 confirmed cases and 2,500 in quarantine (Source: Tara Haelle).
Given what happened in Vietnam & New Zealand and what is happening in the US, do you think we are going to contain this pandemic without a virus? I don’t. The consequences of our failure are real. One of my teammates has three kids, two of which are 5-year-old twins. He desperately wants to send them to school, because working remotely and taking care of three kids at home with their class schedule is taxing for him. However, at the same time, sending them to school means that he is putting their health at risk. And I don’t think his situation is unique. It’s common among Americans.
While some businesses boomed lately because of the pandemic, many others struggled. Even a corporation like Kohl’s struggled financially, let alone small businesses. The government can throw money at the problem a couple of times, but it can’t be the solution forever. Somewhere it has to stop. Additionally, many people lose jobs and have likelihood in jeopardy. The stimulus check is still stuck somewhere in the Senate.
Airlines have secured a lot of cash to improve their liquidity, but at some point, they will have to increase the number of flights, including international routes. But if they do, receiving folks from other countries can easily raise the risk of new infections.
The domino effects of our situation in the US are multifold and severe. Yet, the odds that we have even a mild control over it are pretty slim in my opinion. Remember the last time we had fewer than 35,000 new cases a day was almost 2 months ago and you have to go back to 22nd March 2020 to find the last time we had fewer than 10,000 new cases a day.
This is not a summer that I could ever envision. I miss the feeling of sitting in a coffee shop for a couple of hours and working on my laptop. I miss sitting on a patio and having fun with my friends. I miss going to the office to meet my colleagues. I miss going to a park without wearing a mask. We could have had a chance at all of that if we had done a better job of handling this crisis.
Slack filed an antitrust complaint against Microsoft over Teams to the EU. On the surface, I don’t think Slack is going to win the case, if the EU decides to formally launch an investigation. How Microsoft structures their Microsoft 365 offers does give customers a choice to include Teams or not, a counterpunch to the core of Slack’s complaint. I wrote my thoughts here
Both strategies yield the same result: that foreign affiliate employment increased as a direct response to increasingly stringent restrictions on H-1B visas. This effect is driven on the extensive and intensive margins; firms were more likely to open foreign affiliates in new countries in response, and employment increased at existing foreign affiliates. The effect is strongest among R&D-intensive firms in industries where services could more easily be offshored. The effect was somewhat geographically concentrated: foreign affiliate employment increased both in countries like India and China with large quantities of high-skilled human capital and in countries like Canada with more relaxed high-skilled immigration policies and closer geographic proximity. These empirical results also are supported by interviews with US multinational firms and an immigration lawyer
Vietnam has progressed a lot for the last few decades, both economically and socially. Nonetheless, there are still major issues that we have to face and violence against women is one of them. A recently published study shed light on this particular issue and some of the findings are both horrifying and embarrassing to me. I want to share them here because I believe in the transparency and in the fact that we can’t advance as a nation without looking squarely at our problems.
What is this study about? How was it organized?
The 2019 study consists of three parts: the quantitative study; the qualitative study; and economic costing of violence against women.
The quantitative component of the study (the “survey”) was conducted by the General Statistics Office at the request of the Ministry of Labour, Invalids and Social Affairs (MOLISA). This included reviewing and testing questionnaires, interviewer training, fieldwork and data processing. The quantitative study is a household survey covering all six regions of Viet Nam and is nationally representative. A multistage sample design was used to select a sample of 6,000 households. A total of 5,976 women aged between 15 and 64 completed a face-to-face interview with a trained female interviewer.The qualitative component of the study was conducted by the Centre for Creative Initiatives in Health and Population (CCIHP).
The qualitative study aimed to: provide a context for violence against women by intimate partners; triangulate the quantitative results; gain insights and explanations for quantitative data that are unexplained; and explore related issues that by their nature could not be studied through a quantitative survey. Data was gathered through in-depth interviews, key informant interviews and focus-group discussions. A total of 269 participants, including women with disabilities and from ethnic minorities, as well as 11 key informants, provided information and shared their experiences for the qualitative research.
Lastly, the study component on economic costing of violence against women was carried out by UNFPA Viet Nam in cooperation with several local and international consultants.UNFPA Viet Nam managed the overall process with technical assistance from the kNOwVAWdata Initiative (a partnership between the UNFPA Asia and the Pacific Regional Office and the Australian Government). The entire study was technically and financially supported by the Government of Australia through the Department of Foreign Affairs and Trade (DFAT) and UNFPA.
At least 6 out of 10 women in Vietnam experienced violence at least once in their life time. More than 3 out of 10 experienced violence in the last 12 months
More than 1 out of 4 women in Vietnam agreed with this statement: “A good wife obeys her husband even if she disagrees”
More than half of the women in Vietnam think that there are good reasons for their husbands/partners to hit them
Half of the women who experienced violence didn’t tell anyone about it
More than 30% of working women experienced violence in their lifetime, a disturbing figure that signals even employment and some economic independence cannot save women
Compared to 2010, drunkenness became a more common trigger of physical violence against women in Vietnam
As a Vietnamese guy, I am really ashamed and embarrassed when I read this report. We still have so much to go as a nation. I don’t really care what the percentages are for other countries. This is not a competition. We have to be better than this. At least, I would love to see a few things:
There needs to be education to women on their rights. They don’t have to think that there are good reasons to be hit or that they have to obey to be called “a good wife”
We also must educate the men that it’s uncivil, reprehensible and awful to exert violence on women
As a society, we need to have a shaming culture on violence against women and call out terrible cases
There must be more organizations or groups that can protect women’s rights