Expanding the Legacy
Expanding the Legacy
More than technology, Silicon Valley produces hype. It is forever on the cusp of a major breakthrough, needing only a bit more cash for the magic to happen. In the 1990s it was the dot-com boom; in the 2000s nanotechnology; and in the 2010s blockchain and its crypto derivatives. All these hypes promised deliverance from some affliction suffered by mankind and usher in an era of peace, prosperity, and general wellbeing. The paperless office and global village came and went, as did the miraculous nanotech materials and all the pyramids that touched the heavens unlocking vast wealth to believers. More often than not, Silicon Valley offered solutions in search of a problem.
It remains an enduring mystery why about half of American voters idolise a convicted felon, philanderer, pathological liar, and failed businessman. Liberals struggle to comprehend the mood in the mythical ‘American heartland’ - more of a cultural entity than a landmass and usually defined as comprising the twelve landlocked states of the Midwest plus eastern portions of the Mountain States and bits of the Southern States up to West Virginia, Kentucky, and Tennessee. Urbanite liberals cannot make sense of the apparent disconnect between the well-documented misconduct of Donald Trump and the traditional ethical values espoused with great devotion by heartland conservatives.
If it’s not Ukraine, it’s Gaza or Lebanon. Thankfully, little rocket man is keeping quiet and China, at least for now, seems content to limit its threats to Taiwan to lowkey utterances of displeasure. Every week or so, there is disconcerting news on major belligerence unfolding somewhere: Russia creeping up in the Donbas; Ukraine advancing into Kursk Oblast, or Israel preparing for a ground war against Hizbollah. Poor secretary of state Antony Blinken. He shuttles all over to douse fires, cool down hotheads, warn foes, and manage recalcitrant allies - without much to show for it.
The job of venture capital (VC) fund managers involves making out with lots of frogs in the expectation that at least one of them turns into a prince. VC funds have enjoyed a great ride with a powerful business model that not only provided good returns but one with significant benefits to society as well. VC brings innovation and enables bright minds and lateral thinkers to prosper. Its absence is often mentioned to explain the dearth of tech champions in Europe. However, in the era of generative-ai capital is required on a much grander scale than VC can deliver.
Some people move so far beyond the pale and descend so deep into the unfathomable depths of surrealism that even the most gifted raconteur would have to accept the limits of his/her imagination and recognise the inadequacy of language to sketch and covey such departure from human sense and reason. Meet Mark Robinson. He’s the Republican Party’s nominee for the governorship of North Carolina and a self-proclaimed ‘evangelical christian’ who sports not only the obligatory stars-and-stripes pin on the lapel of his jacket, but also a cross which is now his to carry.
Turkeys do not usually vote for Christmas. Still, some people seem genuinely surprised and dismayed by the species’ instinct for self-preservation. Azerbaijan derives more than ninety percent of its export earnings from the sale of oil and natural gas. Each day, the country pumps about 750,000 barrels of oil and dumps 650,000 of them on the global market, bringing in close to $20 billion annually. In November, Azerbaijan is to host COP29, the annual gathering of some forty thousand jet-setting government officials, NGO delegates, and assorted camp followers such as staff, guests, reporters, and ‘parties overflow’, i.e. the merely curious who are allowed to nose around the conference premises as long as they do not partake in the proceedings.
Tech-savvy governments are few and far between as civil services – usually large molochs that move at a glacial pace – struggle to adapt to the digital environment and display a reluctance to think outside the proverbial box. Addicted to paper forms, rubber stamps, seals, and protocols, civil servants almost...
Home to half of the world’s fastest-growing economies, most of Africa is already now living its long-promised bright future. After a few lean years brought about by the end of the commodities super cycle, most of the continent’s top performers have pushed through the structural reforms needed to ensure the...
Home to some of the world’s largest and most iconic companies, Switzerland is a source of corporate excellence – and has been so for well over a century. Thanks to the country’s much-cherished and long-standing neutrality – which made the Swiss reluctant to join any multi- or supranational organisation, Switzerland...
It had to happen and it just did. The untold joys of expansive monetary policy as the engine of growth in lean times are, of course, always of a temporary nature. As the global economy emerges with a vengeance from years of lacklustre growth, the need to keep interest rates...
He spoke only three times publicly in his new job, and three times the markets tanked. More disconcertingly, he also flip-flopped during two key speeches on Capitol Hill, seamlessly moving from monetary hawk to dove within the space of a few days. The new chairman of the US Federal Reserve,...
At the 2018 Geneva Motor Show, Porsche caused more than a ripple of excitement, not with its revamped 911s - a company staple since its debut in 1963 - but with the brand-new and voluptuous Mission E - a fully electric powered sports car that has now left the concept stage and is being readied for prime time. Production of the highly-anticipated vehicle - invariably described in the trade press as Tesla’s worst nightmare - is expected to start next year. With over 600HP, the Mission E barrels from 0-100 km/hr in under 3.5 seconds, approaching to within a whisker the industry benchmark set by the Porsche 911 GT2 RS.
He earned his nickname – The Bulldozer – as minister of Roads; today the handle applies equally well to his new job as president of Tanzania. John Magufuli is all about flair. He enjoys playing his audience on national television and has a keen sense for opportunity. Perhaps taking a...
A prolific writer, publishing some sixty books over a career spanning four decades, German philosopher Peter Sloterdijk recently celebrated his seventieth birthday. Europe’s leading intellectuals and academics flocked to Mr Sloterdijk’s native Karlsruhe to pay tribute. Chancellor Angela Merkel chipped in with a congratulatory letter praising Germany’s most controversial thinker for his contributions to culture.
At the sharp end of the pro-democracy movement in Hong Kong, student activist Joshua Wong is getting up close and personal with the Chinese powers-that-be who are in no mood to permit or tolerate political dissent. He may be just 21 and baby-faced, but it so happens that Mr Wong is quite headstrong and refuses to give up on his goal - democratic reforms for the former British colony, now a special administrative region of the People’s Republic.
In Mali, she is the grande dame of the country’s exceptionally rich music scene: Khaira Arby - aka The Nightingale of the North. Mrs Arby is celebrated throughout her country and the world. For many of her fans, she also embodies Mali’s irrepressible spirit. Her haunting rendition of traditional Tuareg songs brings tears of joy to audiences as she plucks at the chords of national remembrance with tales of salt mines and camel caravans to the sound of electric guitars and the ngoni, Mali’s traditional lute.
Africa AI Brazil Business Chile China Climate Corona Davos Debt Development Diplomacy Donald Trump Economy Elections Energy EU Europe Federal Reserve Finance France Germany HiFi History IMF Kamala Harris Military Monetary policy NATO Philosophy Politics Putin Russia Schwab Society South Africa Technology Trade Trump UK Ukraine UN US War WEF