“I was wondering if they were going to take me out of the game,” he said. “Happy that he left me in. It felt good to play that many minutes. It’s been such a long time. It was a good confidence-builder.”Hayward hit a pair of free throws to open the overtime, Ibaka answered with a jumper and from there it was all Celtics. Hayward scored on a pass from Irving, then Irving rescued Tatum from a near-turnover and drove for the layup to give Boston a 113-109 lead.The Raptors never got closer than three points after that.“Not too often during the regular season we get to have games like this,” Irving said. “A great test for your team on both ends of the basketball floor, a great player in that other locker room, the competition and the level of play raises and you’ve just got to appreciate that.”END OF REGULATIONToronto led by eight early in the fourth quarter and still had a 107-103 lead with 90 seconds left. But Tatum dunked to cut the deficit to two points and Siakam was called for pushing while going for a rebound, sending Hayward to the line for the game-tying free throws.Leonard had a chance to win it at the end of regulation, but his long jumper went off the rim.“The main thing is we’re going to hold it until the very last shot so that nothing bad happens and they can’t get a rebound and call a timeout,” Raptors coach Nick Nurse said. “It’s just man on man and you hope your guy can make the basket and we have a lot of faith in him that he can.”DUCKLate in the third quarter, Kyle Lowry got Tatum in the air with a fake and then tried to duck under him as the Celtics forward came over the top. But Tatum wound up kicking him in the head as he came back down. Nuggets bolster staff with WNBA star Sue Bird Don’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Boston Celtics guard Kyrie Irving (11) and center Al Horford (42) celebrate after scoring during the overtime period of an NBA basketball game against the Toronto Raptors, Friday, Nov. 16, 2018, in Boston. The Celtics won 123-116 in overtime. (AP Photo/Elise Amendola)BOSTON — Kyrie Irving had 11 straight Boston points down the stretch and scored 17 in all in the last 8:06 of the fourth quarter.Then in overtime, he really turned it on.ADVERTISEMENT LATEST STORIES The Celtics guard made or assisted on every basket in the extra period, finishing with 11 assists and a season-high 43 points on Friday night to lead Boston to a 123-116 victory over the Toronto Raptors.“Man, he made some shots tonight where you’re just like, ‘Wow,’” forward Gordon Hayward said. “You catch yourself being a fan. When he gets into that mode, the whole arena knew where we were going, and so did the Raptors. They just couldn’t stop him.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissIt was the first time Irving has scored at least 40 points with 10 or more assists in a game. He was the first player do it in the NBA this year, and the first Celtics player since Antoine Walker in 2001.“Kyrie did a great job in the fourth quarter knocking down shots,” said Kawhi Leonard, who scored 31 points and had a season-high 15 rebounds for Toronto. “We fought hard tonight, they played a better game and we’ve just got to keep playing better.” Gov’t to employ 6,000 displaced by Taal Tim Cone, Ginebra set their sights on elusive All-Filipino crown Allen Durham still determined to help Meralco win 1st PBA title Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Jayson Tatum had 21 points and seven rebounds for the Celtics, who evened the season series at one game apiece against the only team to finish above them in the Eastern Conference last season. The home team has won nine straight matchups.Serge Ibaka scored 21 and Pascal Siakam had 16 points and nine rebounds for the Raptors, who have lost three straight since opening the season with 12 victories in their first 13 games. Toronto never led in overtime.“It was just a veteran game out there, just great competition for a Friday night in the NBA,” Irving said. “You’ve got to appreciate that, two great teams going at it. And I’m pretty sure we’ll see them down the road.”HEY, HEY!Hayward scored 15 points and had five rebounds and five assists in a team-high 39 minutes — by far his biggest workload since the injury that knocked him out in the first quarter of the first game last season.ADVERTISEMENT Nadine Lustre’s phone stolen in Brazil Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Lowry went to the floor but remained in the game and made both free throws to give Toronto a 78-68 lead their first double-digit advantage of the game.TIP-INSIrving surpassed the 10,000 point and the 2,500 assist milestones. … After going 1-4 on a road trip, the Celtics have won two in a row at home. … Toronto’s OG Anunoby left the game in the third quarter with a sprained right wrist. … The Raptors already beat Boston 113-101 on Oct. 19. The teams, which have won 11 of the last 12 Atlantic Division championships, will play twice more.UP NEXTRaptors: Visit the Chicago Bulls on Saturday night.Celtics: Host the Utah Jazz on Saturday night.Sports Related Videospowered by AdSparcRead Next MOST READ View comments Japeth Aguilar embraces role, gets rewarded with Finals MVP plum
FORT ST. JOHN, B.C, – The Ladies Curling Night scheduled for tonight, November 27, at the Fort St. John Curling Club has been cancelled.Trudy Mitchell, General Manager of the Fort St. John Curling Club, says the Ladies Night is cancelled due to poor road conditions as a result of the freezing rain.For more information and schedules, you can contact the Club at 250-785-2037 or visit fsjcurling.com- Advertisement –
…int’l tech company still processing C&O dataThe Guyana Elections Commission (GECOM) has still not reached a decision on whether it will merge data from the House-to-House (H2H) with the national database; however, it is likely that the Commission will be in a better position to determine the way forward by this weekend.GECOM Commissioner Sase GunrajThis was revealed at the conclusion of the Commission’s weekly statutory meeting on Tuesday. Asked when issues relating to fingerprint cross-matching will be ironed out, Commissioner Sase Gunraj said that they would get an update on this by this weekend from Chief Elections Officer (CEO) Keith Lowenfield.“We are still awaiting the report from the fingerprint cross-matching service provider to determine what, if anything, will be done with the House-to-House data. As we speak, that has not been received,” Gunraj said. He further explained that they are still waiting for a report from international service provider Gemalto on the Claims and Objections (C&O) exercise that ran from October 1 to November 11, 2019.It is understood that International software company Gemalto is still processing data from the Claims and Objections exercise“We have also not received any data in relation to the cross-matching exercise from Claims and Objections. So that has basically hamstrung us in relation to the production of lists and related decisions,” Gunraj explained.Previously, GECOM had said that a Revised List of Electors (RLE) was likely to be completed by early in January. This will then be used to create the Official List of Electors, which will allow persons to vote on March 2, 2020.But there have been weeks of uncertainty as to what will be done with the data collected from House-to-House Registration. While the Government Commissioners have been pushing for the merging of the House-to-House data with the National Register of Registrants (NRR), this is hotly contested at the commission level by the Opposition.They have argued that this data will result in the whole database being corrupted. When H2H started this year, it was without the input of the Opposition. In fact, the only party that scrutinised the enumerators during the exercise was the ruling party, as the PPP was not invited to participate.This, together with the nature in which the exercise started under the backdated order of the former Chairman James Patterson and the fact that many people boycotted the exercise, has not helped arguments for the data to be merged with the National Register of Registrants.In fact, the parliamentary Opposition has long contended that merging the data would corrupt the entire database, citing the manner in which the data was collected. On the other hand, the Government-nominated Commissioners at GECOM have advocated for the inclusion of the data.A decision was taken recently by GECOM to post the House-to-House data at its registration office for persons to inspect and then use as a reference to make changes to the Preliminary List of Electors (PLE). At the time, the Opposition was opposed to this decision since the H2H data was likely to be inaccurate.
2 Now that the transfer window is closed, it is time to dissect the summer’s business, or, in Arsenal’s case, the lack of it.So the Drivetime team want your help, what is more embarrassing – Arsenal’s transfer window (where they only signed Petr Cech) or Saido Berahino’s tweet (where he vowed never to play for the club as long as Jeremy Peace was in charge). Petr Cech 2
Buncrana GAA Notes For Week Ending Sunday 2nd September Congratulations: Donegal will play in the All-Ireland football final on September 23rd after securing a fully-deserved victory over Cork at Croke Park on Sunday. The Ulster champions were magnificent, playing an open, attacking style of football whilst also defending with grit, discipline and skill. Congratulations to Ryan, Jim McGuinness and the entire squad on this historic achievement and best of luck in the final. Condolances: All at CLG Bun Cranncha wish to extend our sincere condolances to the Duffy family and the Termon club on the tragic death of Andrew at the weekend.U8 Football: U8 Football Training has now finished for the season and the management team would like to thank all we participated in a busy year for both training and blitz’s. Thanks to all parent who helped throughout the year. A note will be sent out when the training is to re-start.U6 FUNdamentals: FUNdamentals for boys and girls aged 5 & 6 years (or turning 5 during 2012) will continue on Fridays at the Scarvey between 6.15pm and 7.00pm. Please could all children be accompanied by an adult for the duration of the session. U10 Football: Training continues every Friday at 7.00pm at the Scarvey and new players are always welcome.Boys U14 Hurling: Boys U14 Hurling training takes place at the Scarvey every Tuesday and Thursday evening at 7.00pm. If you haven’t played before and are interested in playing Hurling please feel free to come along.Boys U14 Football: Training for the boys U14 team will take place on Monday evening at 5.00pm. New and returning players are always welcome.Boys U14 & U18 Hurling: Hurling training for boys aged 14 to 18 years takes place every Saturday at the Scarvey at 3.00pm-5.00pm. New players are always welcome.U8 and U10 Hurling: Hurling training for children under 8 and under 10 years takes place each Sunday at 11.00am. If your child would like to learn the basic skills of hurling in a safe and fun environment please come down and try it out, new players are always welcome.Club Notes: Anyone who would like to receive a copy of the weekly club notes should email Oisín at email@example.com to be included on the mailing list. If you have any items which you think should be included in the club’s weekly notes, please email Oisín at firstname.lastname@example.org by 6pm on each Sunday for consideration. To keep up to date with all the latest goings-on, please join us on www.facebook.com/buncranagaa or www.twitter.com/buncranagaa GAA: BUNCRANA GAA CLUB NEWS was last modified: August 28th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GAA: BUNCRANA GAA CLUB NEWS
“I look forward to hearing more about the details of their plans and hope that it will provide parents with real options to address parents’ legitimate concerns with having to purchase programming that they believe is unsuitable for their children,” he said. Analysts said it was a smart move by the cable industry. “Taking action on indecency lets cable manage this issue rather than potentially losing control of it in Congress,” said Paul Gallant, media policy analyst at Stanford Washington Research Group. Senate Commerce Committee Chairman Ted Stevens, R-Alaska, said lawmakers should wait to see whether the family tiers quell the concerns of parents and conservative groups. “There’s no need for legislation now,” Stevens said after the hearing. “We have to give it a chance to work.” Jack Valenti, the former president of the Motion Picture Association of America, also testified at the hearing and urged lawmakers to let the industry voluntarily tackle the concerns about TV smut. Valenti said he has had several meetings with cable executives about making the TV ratings system easier for parents to use. He said talks were focusing on trying to make the ratings more understandable – something similar to the familiar movie ratings of “G,””PG,” and so on. Some lawmakers and others have complained that current TV ratings designations that include TV-Y for all children and TV-14 for children 14 and older are too confusing. The other companies that NCTA’s McSlarrow said would be offering family choice tiers are: Advance/Newhouse Communications Inc., Insight Communications Co., Bresnan Communications LLC and Midcontinent Communications Inc., which is a partnership of Comcast and Midcontinent Media. Time Warner Cable is part of Time Warner Inc. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WASHINGTON – Under pressure from the government, the nation’s two largest cable companies plan to offer packages of family-friendly channels to give parents a new way to shield children from sex, rough language and violence. Industry leader Comcast Corp., No. 2 Time Warner Cable and several other companies will start offering “family choice” tiers, most likely by spring, said Kyle McSlarrow, head of the National Cable & Telecommunications Association, the main cable trade group. Details will vary by company, McSlarrow told the Senate Commerce Committee on Monday. He did not have an estimate on the cost, but said the tiers would be tied to digital cable packages, which cost more than a standard nondigital package. The industry has come under increased scrutiny for raunchy programming, most recently from the head of the Federal Communications Commission. Chairman Kevin Martin urged cable executives at an indecency forum last month to give parents more tools to help navigate the hundreds of channels available to consumers. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake Without endorsing a specific solution, Martin offered several suggestions, including family-friendly tiers and so-called “a la carte” pricing, which would let customers pick and pay for only those channels they want. Most cable executives have dismissed the idea of a la carte pricing, saying it would drive up costs and lead to the demise of channels that can’t attract enough advertising dollars. McSlarrow said he hoped the industry’s announcement would stave off federal intervention. “I really hope that we can take mandates off the table,” he said. “If the government intrudes into this space, it will get it wrong.” Martin issued a statement in which he praised the concept of “family choice” tiers but did not indicate whether he would back off on his criticism.
Share Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCI suspect everyone is waiting for the Aug. 10 USDA report that includes estimated ear weights and yields. I think if the average national yield is 175, $4 Dec corn is likely. Then every bushel above that value decreases Dec futures by 10 cents (i.e. 180 national yield would mean Dec corn at $3.50).Beans are still caught up in tariff issues while weather continues to be uncertain. There is a lot of risk in both directions right now. Market action: Previous trade resultsThree of my trades expired last Friday. As you can see below, the three trades provided me with relatively low risk potential opportunities to get added premium in a non-profitable, sideways market on some of my corn. In the end, one of the three trades added 9 cents of added premium to my ongoing “pot of premium” on 10% of my production and the other two were essentially a wash. While I wish I could have received a bit more added premium, I definitely prefer considering alternative trading solutions that allow me the opportunity to get some added premium over waiting and hoping this market turns around because I don’t know when it will. Following shows all the details and results.Trade 1: Sold callOn 6/18/18 when Sep corn was near $3.65 I sold the following call:Sold an Aug $3.80 call for 9 cents that expires July 27 on 5% of my ’17 productionIf corn is trading below the strike price when this option expires I keep the 9-cent premium and add it to another trade later.If corn is trading above the strike price when this option expires I have to sell corn for the strike price PLUS I keep the premium. This means a price of $3.89 on Sep futures. My trade thoughts and rationale on 6/18/18Since I still need to sell some of my remaining ’17 corn but I don’t want to sell $3.65 Sep futures, this trade allows me to get values close to $4 if we rally some. If the market stays sideways, I keep the 9-cent premiums. There isn’t a downside protection with these trades, but that isn’t the goal for this trade. Final resultsCorn closed below $3.80, so I keep the 9-cent premium to add to my pot of premium I’ve been collecting all year. Trade 2: Sold straddleOn 6/13/18 when Sep corn was around $3.85, I sold an Aug $4 straddle (selling both a put and call) and bought a $3.70 Aug put, collecting 30 cents total on 10% of my 2017 production.What does this mean?If Sep corn is $4 on 7/27/18, I keep all of the 30 centsEvery penny corn is below $4 I get less premium until $3.70. With the $3.70 put I won’t lose anything on the trade, but I don’t have any grain protected to the downside or sold.For every penny higher than $4 I get less premium until $4.30At $4.30 or higher I have to make a corn sale at $4 against Sep futures, but I still get to keep the 30 cents, so it’s like selling $4.30. My trade thoughts and rationale on 6/13/18This trade is most profitable in a sideways market. With the current good weather forecasts, I’d be happy collecting the premium to add to another opportunity later. However, if the market drops significantly I’m also protected from losing money or having to buy corn back with this trade. With what I know today, if the market rallies I’ll be very happy with a $4.30 sold price. I’m comfortable with any market outcome of this trade. Final resultsThe market closed below $3.70 so I made and lost nothing on this trade except commissions for placing the trade. Trade 3: Sold straddleOn 6/18/18, 5 days after trade 2, and after a 20-cent drop in corn with Sep futures around $3.65, I sold an Aug $3.70 straddle (sold both the put and the call) and collected 29 cents total on 10% of my production What does this mean?If Sep corn is at $3.70 at expiration on 7/27/18 I keep all of the 29 centsFor every penny corn is below $3.70, I get less premium until $3.41. At this point, I either have to buy back futures (i.e. remove a sale) or take a penny loss for every penny under $3.41 on the trade.For every penny higher than $3.70 I get less premium until $3.99.At $3.99 or higher I have to sell my corn for $3.70 against Sep futures, but I still keep the 29 cents, so it’s like selling $3.99 My trade thoughts and rationale On 6/18/18Like Trade 2, this trade is most profitable in a sideways market. But unlike Trade 2, there are no puts in place to protect my downside. I think a 20-30 cent range is likely. Since I’m behind in my sales and I want the market to rally, I would be fine potentially losing a little on the upside potential. Regardless, this trade only represents 10% of my ’17 production, so I’m comfortable with any outcome. Final resultsOn 7/18/18, when Sep corn was trading at $3.47, I bought back the put portion of the straddle for 25 cents. 13 of the last 15 years corn prices decreased from mid-July to the end of July, so I thought there was a good chance prices would fall below $3.41, and I would then have to take a loss on the trade. Instead, after commissions and buying back the call for 25 cents that I had originally sold for 29 cents I profited about 3 cent in the end. Those profits managed to cover the commissions in the previous trade and is why these two trades ended up being a wash. Market action: New trades I just placed and rationaleAs stated above, when the market is down and many signs indicate continued sideways activity, rather than doing nothing and waiting, I prefer to consistently seek alternative trading solutions in that provide relatively lower risk opportunities that could add premium to my grain marketing. That being said, on all trades I do I know all potential outcomes for any market scenario (up, down and sideways) and I’m willing to accept all three, or I don’t place the trade.Following details some recent trades including all the details and rationale. New Trade 1: Sold straddleOn 7/18/18 when Sep corn was around $3.48, I sold an Sep $3.45 straddle (selling both a put and call) and bought a $3.30 Sep put, collecting 15 cents total on 10% of my 2017 production. What does this mean?If Sep corn is $3.45 on 8/24/18 I keep all of the 15 centsFor every penny corn is below $3.45 I get less premium until $3.30. With the $3.30 put I won’t lose anything on the trade, but I don’t have any grain protected to the downside or sold.For every penny higher than $3.45 I get less premium until $3.60At $3.60 or higher I have to make a corn sale at $3.45 against Sep futures, but I still get to keep the 15 cents, so it’s like selling $3.60 My trade thoughts and rationale on 7/18/18This trade is most profitable in a sideways market. With the current good weather forecasts, I’d be happy collecting the premium to add to another opportunity later. However, if the market drops significantly I’m also protected from losing money or having to buy corn back with this trade. With what I know today, I would prefer that the market would rally and I’ll be very happy with a $3.60 sold price because I have a lot of different trades already working that need prices to be above $3.60. I’m comfortable with any market outcome with this trade. New Trade 2: Sold callOn 7/19/18 when Sep corn was near $3.51 I sold the following call:Sold an Sep $3.50 call for 10 cents that expires Aug 24 on 10% of my ’17 productionIf corn is trading below the strike price when this option expires I keep the 10-cent premium and add it to another trade later.If corn is trading above the strike price when this option expires I have to sell corn for the strike price PLUS I keep the premium. This means a price of $3.60 on Sep futures. My trade thoughts and rationale on 7/19/18Since I still needed to sell some of my remaining ’17 corn, but I don’t want to sell $3.50 Sep futures, this trade allows me to get a slightly higher value. If the market stays sideways, I keep the 10-cent premiums. There isn’t a downside protection with these trades but that wasn’t what I was trying to accomplish with this trade either. My overall ’17 crop positionThere is 45% of my ’17 crop is still unpriced. With the new trades above and others already in place that 45% is covered with different option strategies making my final position vary depending on the Sep futures price on 8/24. If Sep futures are:Below $3.30 nothing is sold but I collect about 10 cents on 25% of productionAt $3.40 I collect 10 cents on 35% of production but no additional sales are madeAt $3.50 I collect 10 cents on 35% of production but no additional sales are made$3.60 I will sell 20% of my production for $3.60 and collect 10 cents on 15% of productionAt $3.70 I will sell 20% of my production for $3.60 and collect 10 cents on 25% of productionAt $3.80 I will sell 30% of my production for $3.78 and collect 20 cents on 15% of productionAt $4.00+ I will have the right to finish my ’17 production sales for a $3.95 average priceWith Sep futures prices around the $3.65 level and the USDA crop report on Aug. 10, I have a plan that is ready for a range of prices. Like all farmers I hope prices rally, because I would like to finish up sales on the ’17 crop before Sept. 1. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at email@example.com.
Energy consultants and auditors use energy modeling software for a variety of purposes, including rating the performance of an existing house, calculating the effect of energy retrofit measures, estimating the energy use of a new home, and determining the size of new heating and cooling equipment. According to most experts, the time and expense spent on energy modeling is an excellent investment, because it leads to better decisions than those made by contractors who use rules of thumb.Yet Michael Blasnik, an energy consultant in Boston, has a surprisingly different take on energy modeling. According to Blasnik, most modeling programs aren’t very accurate, especially for older buildings. Unfortunately, existing models usually aren’t revised or improved, even when utility bills from existing houses reveal systematic errors in the models.Most energy models require too many inputs, many of which don’t improve the accuracy of the model, and energy modeling often takes up time that would be better spent on more worthwhile activities. Blasnik presented data to support these conclusions on March 8, 2012, at the NESEA-sponsored Building Energy 12 conference in Boston.Blasnik has worked as a consultant for utilities and energy-efficiency programs all over the country. “I bought one of the first blower doors on the market,” Blasnik said. “I’ve been trying to find out how to save energy in houses for about 30 years. I’ve spent a lot of time looking at energy bills, and comparing bills before and after retrofit work is done. I’ve looked at a lot of data. Retrofit programs are instructive, because they show how the models perform.”According to Blasnik, most energy models do a poor job of predicting actual energy use, especially for older houses. And since large datasets show that the differences between the models and actual energy use are… This article is only available to GBA Prime Members Sign up for a free trial and get instant access to this article as well as GBA’s complete library of premium articles and construction details. Start Free Trial Already a member? Log in
“Existing models are bankrupt now”Thornton MayTHORNTON MAYAUTHOR, FUTURIST & THINKER How do we translate the wonder which is the promise of information technology into something that truly matters? And that brings us to this whole issue of “Can the Web be Free?” It is all about you. The Massachusetts Institute,”Existing models are bankrupt now”Thornton MayTHORNTON MAYAUTHOR, FUTURIST & THINKER How do we translate the wonder which is the promise of information technology into something that truly matters? And that brings us to this whole issue of “Can the Web be Free?” It is all about you. The Massachusetts Institute of Technology calls where we are living today as a formative historical moment. But it is really a punctuated equilibrium. This is an idea of a very distinct and fundamental revolution during which one conceptual worldview is replaced by another. That is what is happening today.Here’s the framework. The Cold War wasn’t about the US versus the Soviet Union alone, it was about choice versus not choice. In the global marketplace, we are now in an informational cold war which breaks down to free versus not free.THE VICTORS OF THE WEB WILL BE THE COMPANIES WHICH WILL GET CUSTOMERS TO PAINT A PART OF THEIR FENCE.The question of free or not free is not just a media debate. The media is the first to go through this framework which will drive the next 10 to 15 years of economic behaviour. So what are the implications of this next cold war? Organisations not thinking in terms of free versus not free are behind the time. Executives need to repolish their strategy lens and re-calibrate their business models-either it is free or not free and organisations need to get busy giving stuff away and getting it for free. So it means that we have got to understand the entire value chain and our suppliers. Google exemplifies this situation.There are three paths to the future- mental models, the age of big information; and bringing the future to the present. The future is a predictable linear extrapolation of the world we live in today i.e. where have we been, where are we now and where we are going. Then there is the unpredictable future- the “Aha”, the “Eureka” or a disruptive future. And then there is the future we create. Processing power doubles every 18 months. Storage capacity doubles every 12 months and bandwidth doubles every nine months. This is exponential technology change.advertisementThink about what this means. Everything is talking to everything. What this does is to bankrupt all our existing models of values and products. All companies have to start thinking about “what we are going to give away ” because the value is fundamentally changing. Content comes to you in different ways so the game is afoot. How do we deal with this? The real issue is this: What are people really thinking? We will have to tease out people’s pre-conceived and existing biases about how value happens in and around information management use and sharing. Mental models regarding value frequently vary. In 2001, a high-priced gallery in London exhibited a work consisting of discarded coffee cups, empty beer bottles and candy wrappers which were valued at six figures. But a janitor tossed the whole thing out with the trash. We have different ways of looking at models, this is the message we frequently forget. Capitalism requires multiple value points operating simultaneously. Every stock trade depends on someone saying “time to sell” and a connected party simultaneously concluding “time to buy”. In Mark Twain’s The Adventures of Tom Sawyer, we have a hero who I think is the hero of our new media age, who is able to persuade his play pals not only to do the work for him but to pay him for the privilege of painting a fence. This is the next stage of competition. What can you get your users to do for you? And this talks about the victors of web-Amazon, eBay, Google-all differentiating themselves in competition, in their ability to get customers to paint a part of their fence. The bottom line is on every issue, at any given point of time that there may be multiple mental models at work and they necessarily don’t have to be rational.In 1971, five robbers entered a bank in New York. One of the bank tellers who was a woman, on being chased by an armed man, ran into the restroom. He followed her till there but could not muster courage to enter it. For a while he stood in front of the washroom but when she refused to come out, he went downstairs to the counter to continue robbing. His mental model said that it was okay to rob a bank, but to enter a woman’s washroom was absolutely an inappropriate thing to do. Before we start thinking about devising new technology, we have to think about mental models of people, which is hard to change.advertisementThe challenge actually is how do we add value in this new web world. To recognise the web that is free or could be free is to understand what you know and what you don’t. From the World Bank we have learnt the fact that the world opinion is the second superpower. So after understanding what it is, we can modify it accordingly and make it work.The big news is that people actually expect us to do something with all the data. Technology has transformed into a fundamental ingredient. Time has changed. There are 43 hours in a day instead of 24 hours and it is multi-tasking that has made this possible.The essence of life is changing and we have got to change with it. We call it media snacking so the consumption of information is fundamentally changing. You all have heard of Artificial Intelligence (AI) but now it is switching over to Intelligence Augmentation (IA).”Consumers will run the show”SUKHINDER S.CASSIDYVP, ASIA-PACIFIC & LATIN AMERICA OPERATIONS, GOOGLE INCThe Internet perhaps is an unprecedented tool for self-expression, unmatched in history for a catalyst for people to be able to express their beliefs, thoughts and anxieties in a public forum. From a few computer scientists, it now spans the globe-there are almost 1.2 to 1.3 billion people online and connected at any given time which doesn’t take into account the 4:1 ratio of connectivity with the mobile phone to the personal computer (PC). So numbers are even larger when you consider that opportunity.Three key fundamental drivers changed this before us. The first and foremost is the availability of access and the entries and penetration of both broadband and wireless. Storage is getting cheaper. Disk prices have reduced some 3.6 million times since 1982. If gas mileage improved that much, one gallon could take you 2,000 times around the earth. Today, the average iPod which holds around 10,000 songs will be able to store all commercial music ever produced by 2016. Less than 10 years from now, you may have every conceivable song in the palm of your hand and by 2025, you can store all the content ever created.Then there is what we call the democratisation of the tools of production. Not only do you need to make it really easy for people to store, but easy for them to create information. The cost of producing content today is zero. Think about what the financing or business amortisation of that zero-producedcost content could be. THE COST OF PRODUCING CONTENT TODAY IS ZERO. IT IS THE USERS WHO ULTIMATELY ARE COPYRIGHT HOLDERS. But of course all this is the background that sets the stage on which the consumer gets to play. There has been a fundamental power shift in who has the ability to produce and create content and who has the ability to access and disseminate content. Consumer empowerment has different facets. The consumer runs the show, no longer limited to device and time and can completely call the rate, the place and the time at which he wants to consume information. The other fundamental change is consumers not just digest content but create it and are copyright holders. What happens when somebody shares pictures you put on flickr with another friend? This just violated your copyright.Take the example of YouTube. It demonstrates not just of the power of the individual, but the power of the crowd. The community decides what it surfs and ultimately the popularity of that content. Take the example of Matt, an Australian backpacker who uploaded a video of him dancing in 39 countries. It got 9.5 million viewers since it was uploaded and Matt is now on his second world tour after a sponsorship by a corporation. YouTube is really the notion of collective wisdom. You can learn from the community because it may have better wisdom that is available to you as an individual. Another example here, of course, in terms of crowd and community, is the sort of social networking sites that you see today-Orkut, MySpace, Friendster, Facebook are platforms which speak to the fundamental point that although we think of ourselves as sitting as drones on a PC, in reality, people seek to connect with others like they do in real life. A consumer package goods company in Brazil, which had cancelled a chocolate bar, was forced to reintroduce the bar, thanks to the outrage registered by thousands of online website communities.advertisementHow do you finance the revolution? Google is based on an advertising business model historically. We think of it as a virtual circle where the creation of content begets more content, users, advertisers, publishers, until it monetises the individual content holders website. So we think of this as an interaction not just between the users who look at content and the advertisers who submit their content to be viewed, but the creation of incentives for people to potentially publish even more content and finance a business model.WE SHOULD FOCUS MORE ON GENERATING CONTENT AND SPOTTING BUSINESS MODELS LIKE ADVERTISING.So when you ask the question “Can the Web be Free” and who is paying all the cost, the answer lies in the advertisement on a PC that is subsidising the cost of creation. For individuals, small groups-profit or non-profit-that have interest or passion and desire to share and create even more knowledge, should know the method and have the finances. Of course, this model needs to extend way beyond the PC and go on to the mobile phone and radio and even print where it was only available to the largest of advertisers with the largest of budgets.Think of tomorrow’s possibilities like machine translation. The combination of transliteration and machine translation will allow people to publish content in their native languages-Telugu, Punjabi, Hindi or Marathi-which will be translated into 6,000 languages allowing you to reach out to every human being on the planet. It is going to enable the next generation of low-cost content.Our primary consideration should be the creation of content and spotting business models, subscriptions, advertising- the primary opportunity before us is to create the platforms and the tools to take advantage of content creation and you have to leave it to the generation-next technologists to come up with the generation-next modernisation. Advertising can go some part of the way but the opportunity before us is not to miss the ability to create that 6,000 by 6,000 combination and to do it for every single person on this planet.DiscussionQ. The web promotes instinctive reaction to irrational rumours. In the Indian commodity market, there was a recent incident of salt prices rising because of a rumour of a shortage. Your comments.Cassidy: Rumours travel at great speed. Internet is not a one-voice medium and you have the option of listening to more than a thousand rational voices at a time. Thinking about the positive, you should see the speed at which irrational information spreads. Everyone has the opportunity to participate in the process. At times, there are interesting a synchronies between different pieces of information. They can have an impact on people.May: One of the things technology does is to fundamentally change the risk. The other thing it does is to force us into the world. Soon we will get to a point on this technology curve when every individual in this planet will have access to technology that can change his/her life for better or for worse. We have to somehow reach a point where we show the advantages of using this amazing tool for good.Q. The IT sector is the largest revenue contributor to the service sector in India and a major portion of this revenue comes from the US. Do you see that as a threat?Nandan Nilekani (chairperson): The US runs a trade deficit of 7 per cent to 8 per cent of the GDP that is $800 million. It does have an impact on all countries in the world. It is an accepted proposition and if there is a slowdown, it will affect every industry and not IT alone. While the domestic revenues of Indian IT companies are not much, we are already seeing in India the benefit of technology in a wide number of applications. We talked about the mobile phone revolution, we know what happened to our stock exchanges after they adopted technology, our entire voting system is now simpler with EVS in place, our banking system, too, is automated. Be it airlines or railways, technology is everywhere.Q. My worry about all this technological projection is that everybody is sitting in front of the PC most of the time. And that takes a toll on one’s health. Will technology change?Cassidy: I actually share your concern. I think that there is no question that one of the risks of technology is that it can absolutely consume your time and it is always a tragic segment of your life. You will have to consciously switch off your BlackBerry, turn off your computer and not read your e-mail. You should go on a vacation with your family and take a break, or else, it is coming at you all the time. However, there is something called an active video game that gives you a chance to exercise.
The suspended chairman of Commonwealth Games (CWG) organising committee (OC), Suresh Kalmandi, was on Friday granted permission by a Delhi court to visit London to attend 2012 Olympic Games. The tainted Congress MP, who is the main accused in the CWG scam, had on Thursday sought a special Central Bureau of Investigation (CBI) court’s permission to attend the London Olympics, being held from July 26 to August 13. Kalmadi, who had to quit as the Indian Olympic Association (IOA) chief following the scam, had argued that he is the president of the Asian Athletics Association (AAA) and a member of International Association of Athletics Federation (IAAF) so he should be allowed to visit the United Kingdom to attend the games.The Lok Sabha MP and 10 others have been chargesheeted by the CBI under various provisions of the IPC and the Prevention of Corruption Act for allegedly “illegally” awarding contract to install Timing, Scoring and Results (TSR) system for the 2010 Commonwealth Games to Swiss Timing, causing a loss of over Rs 90 crore to the exchequer.Earlier in April this year, Kalmadi and former OC Secretary General Lalit Bhanot were allowed by the court to visit Kazakhstan to attend a meeting of 73rd Asian Athletics Association (AAA) Council.Besides Kalmadi, former OC Secretary General Lalit Bhanot, the other nine accused in the case are CWG OC’s Director General V K Verma, Director General (Procurement) Surjit Lal, Joint Director General (Sports) A S V Prasad and Treasurer M Jayachandran. They are no more associated with the sporting body.advertisementPromoters of two construction companies – P D Arya and A K Madan of Faridabad-based Gem International and A K Reddy and his firm AKR Constructions are also accused in the case.Besides, the two firms, Swiss Timing Omega – the Swiss firm which was awarded the contract allegedly at exorbitant rates – and AKR Constructions are also accused in the case.– With PTI inputs