Thomson Reuters – When things go digital, they start following a new set of rules. “The rules of the physical world are either not applicable or are severely diminished. Things move from sparsity to abundance, where consumption does not lead to depletion. To the contrary, the more an object is consumed, the more valuable it becomes. Cost of production and distribution is no longer critical, and the concept of inventory is no longer applicable. When things go digital, they also move from linear to exponential – a world in which new technologies and new players can enter and dominate an industry in just a few years. Consider that each year more people take online courses offered by Harvard than the number of students who attended Harvard in its 380-year history. Each year, three times more people use online dispute resolutions to resolve disputes on eBay® than lawsuits filed in the United States. Each day, five billion videos are watched on YouTube®. For context, the first YouTube video was uploaded in 2005. I was talking to a gentleman at Facebook® recently who said, “I joined Facebook three years ago and 70 percent of the company started after me.” Talk about hyper-growth businesses! This is the environment that we operate in: Not only must we adapt, but we must help our customers adapt as well…”
The New York Times – The Flourishing Business of Fake YouTube Views – “Plays can be bought for pennies and delivered in bulk, inflating videos’ popularity and making the social media giant vulnerable to manipulation…”
Britain’s Populist Revolt – A scholarly analysis of Why Britain Voted for Brexit, written by Matthew Goodwin, professor of politics at the University of Kent. [research paper, 2017]: “More than two years have passed since Britain voted for Brexit. Ever since that moment, the vote to leave the European Union has routinely been framed as an aberration; a radical departure from ‘normal’ life… Today, looking back, I see that most people never really had an interest in exploring what underpinned Brexit. To many on the liberal Left, Brexit is to be opposed, not understood….What seems remarkable to me is the sheer amount of energy that has been devoted to undermining or overturning the result versus that which has been devoted to exploring what led to this moment in the first place. There is no doubt that some of the short-term factors mentioned above were important. Brexit campaigners did make misleading claims and did spend more money than they should have. But this was also a campaign that saw the pro-Remain Prime Minister David Cameron suggest that Brexit might trigger World War Three, London’s elite prophesize about financial Armageddon, and political and economic leaders from across the globe descend on Britain to issue similarly dire warnings, including President Obama. In short, in the history of political campaigns this one was definitely not an example of best practice…”
Some cities in the Bay Area want to stop tech companies from offering free or discounted food in their cafeterias. The idea is to make employees go to local businesses for their meals.
(Image credit: ROBYN BECK/AFP/Getty Images)
An update on the march by white supremacists in Washington D.C.
Utah plans to send a statue of suffragette, senator and polygamist Martha Hughes Cannon to represent the state in the U.S. Capitol. It's a subtle approach to changing perceptions of women in Utah.
(Image credit: Julia Ritchey/KUER)
A white supremacist rally is expected next to the White House on Sunday, one year after the "Unite The Right" demonstration by the same organizer turned deadly in Charlottesville, Va.
(Image credit: Chip Somodevilla/Getty Images)
Retaliatory tariffs on dairy may put dairy farmers in Wisconsin, a state won by Donald Trump in 2016, up for political grabs in this year's midterm elections.
(Image credit: Coburn Dukehart/Wisconsin Center for Investigative Journalism)
Laser beams that sweep erratically across crops have shown promise in protecting harvests from loss caused by birds. But researchers are still studying whether the beams may harm the animals' retinas.
(Image credit: Tom Banse/Northwest News Network)
As Sierra Leone's first national ambulance service revs up, there are a few bumps in the road.
(Image credit: Tommy Trenchard)