DARJEELING: A racket has spread its tentacles in Darjeeling whereby people are being sent parcels with stones inside which they are being duped into buying (cash on delivery). Many have already fallen victim to the fraud while some unclaimed packages are still there at the Darjeeling General Post Office.Usually a person first receives a phone call where the caller says that the person has won a high-end cell phone in a lucky draw, which can be had against paying a nominal amount through cash on delivery system. Also Read – Heavy rain hits traffic, flights”Around 10 days ago, I had received a call from a lady introducing herself as Kavya. She stated that I had won a high-end cell phone costing around Rs. 40,000. Then I was asked for my address. I was reluctant and told her that I would spend any money on it. She maintained that I would have to pay a nominal amount after having received the cell-phone. I then proceeded to give her my address,” stated Bishal Rai, a resident. On Thursday, Rai received a call from the General Post Office, Darjeeling stating that a parcel has arrived in his name and that he would have to pay Rs. 3500 in order to take the delivery home. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedFollowing the call from the post office, Rai went and asked them to show the parcel. He was informed that if he opened it, he would have to pay the amount mentioned. However, the post office authorities warned him against it as in the recent past, many have been duped. People had found stones inside the parcels. On contacting Raju Singh, the Post Master of the Darjeeling General Post Office, he stated that the Post Office merely delivers whatever parcels arrive and are not aware or responsible for the contents. “However, people should be aware of fake companies and advertisements. Many such packages had come to the post office and remained undelivered, while many others had chosen to take it back home after paying under the Cash on Delivery scheme,” added the post master.He added that the parcels had different senders’ name. Some of them also had fake company names and addresses. Rai’s parcel was from Delhi. He tried to call back on the number but the number was not available. A person who had received a similar phone call and had landed up paying Rs 6000.
Darjeeling: On the heels of talks on Bodoland in Delhi, Gorkha leader Bimal Gurung who is in hiding, made an appeal to all hill political outfits to unite and hold similar parleys with the Centre for the formation of Gorkhaland.On Thursday, a tripartite talk was held between the Centre, Assam Government and pro-Bodoland forces in Delhi, chaired by Union Home Minister Rajnath Singh. The pro-Bodoland forces had dubbed the meeting fruitful. A day after the meeting, Gurung dispatched audio clips from an undisclosed location appealing to all hill political outfits to unite for the formation of Gorkhaland.
It is that time of the year when people, from all over the country as well as from abroad, gather in large numbers to explore the opportunities the national Capital has to offer.In that context, the 35th edition of India International Trade, the annual flagship event of the India Trade Promotion Organisation (ITPO), will be inaugurated by Pranab Mukherjee, President of India on November 14 at Hamsadhwani Theatre, Pragati Maidan.Nirmala Sitharaman, Union Minister of State (I/C) Commerce & Industry will preside over the inaugural function. The theme of the fair for this year will be ‘Make in India’. Regarding the same, LC Goyal, IAS, Chairman and Managing Director, said, “This year, IITF and its ‘Make in India’ theme will project its deep commitment to fulfill the vision of the Prime Minister of India. Extending India’s global appeal for investment in diverse sectors, ‘Smart Cities’, Digital India, Model Villages, Clean Ganga Mission and ‘Jan Dhan Yojna’ will be depicted in the Central and State pavilions, which have also been encouraged to dedicate themselves to ‘Swachh Bharat’.” Also Read – ‘Playing Jojo was emotionally exhausting’IITF is the ultimate manifestation of India’s size, progress, diverse culture and achievements attained in core and sunrise sectors. It is a unique point for coming together of modern technology and traditional skills. It has tremendous significance for the business community as they have to play a critical role in sustainable, inclusive and job-led growth and development. The fair provides a reliable and tested platform to SME exporters, entrepreneurs and investors. Also Read – Leslie doing new comedy special with NetflixThis year, the partner country is Afghanistan with the focus country being Bangladesh. The partner states are Goa and Jharkhand and the focus state is Madhya Pradesh.The fair will provide various facilities including discount to new start-ups and young entrepreneurs. Over 7000 firms from India and overseas are participating in the fair with overseas participation from countries namely Afghanistan, Arab Republic of Egypt, Bahrain, Bangladesh, Bhutan, China, Cuba, Germany, Guyana, Hong Kong, Indonesia, Iran, Iraq, Kenya, Myanmar, Nepal, Pakistan, Russia, Saudi Arabia, South Africa, South Korea, Sri Lanka, Thailand, Tibet, Turkey, UAE, Uganda and Vietnam. Tickets can be purchased online for five days. Also, the entry of school children will be free during the business days as applicable. ITPO will also introduce circular bus services inside Pragati Maidan with the colour code green, red and violet, for the convenience of the visitors. This will ensure easy accessibility to visit pavilions from one corner to the other within a frequency of ten minutes. The Bus service which is free of cost is primarily for senior citizens and differently abled persons.The theme in IITF is ‘Make in India’ which aims to publicize the infrastructure of every state. ITPO is installing 50 KVA solar energy panel plant on the roof of the Administrative Block. IITF 2015 will be supplemented with several conferences, seminars, workshops, State Day celebrations and cultural programmes. The diversity of Indian ethnic cuisines will also be available at specified outlets. Besides, a large number of groups and individual craftsperson from all corners of the country are participating in the ‘Saras’ projection.
All men please take note! In the online dating world, women do not like to send personal messages to initiate contact and later mating and would rather send “weak signals” than making the first move, a team of Indian-origin researchers has revealed.According to Jui Ramaprasad, assistant professor of information systems at McGill University, they still see that women don’t make the “first move” online.“Weak signalling is the ability to visit or ‘check out’ a potential mate’s profile so the potential mate knows the focal-user visited,” she noted. Also Read – ‘Playing Jojo was emotionally exhausting’The offline ‘flirting’ equivalents, at best, would be a suggestive look or a preening bodily gesture such as a hair toss to one side or an over-the-shoulder glance — each subject to myriad interpretations and possible misinterpretations.Much less ambiguity exists in the online environment if the focal-user views another user’s profile and leaves a visible train in his ‘Recent Visitors’ list. The researchers also found that users with anonymous browsing viewed more profiles. They were also more likely to check out potential same-sex and interracial matches. Also Read – Leslie doing new comedy special with NetflixSurprisingly, however, users who browsed anonymously also wound up with fewer matches than their non-anonymous counterparts. This was especially true for female users: those with anonymous browsing wound up with an average of 14 per cent fewer matches.Men often take the cue. “Men send four times the number of messages that women do,” said co-author Akhmed Umyarov, assistant professor at University of Minnesota, adding that the anonymity feature doesn’t change things so much for men. The team examined the impact of anonymous browsing via a premium online browsing service where 50,000 users were given free access to the feature for a month, enabling them to view profiles of other users without leaving telltale digital traces.“Even though people are willing to pay to become anonymous in online dating sites, we find that the feature is detrimental to the average users,” noted professor Ravi Bapna, co-author and the Carlson Chair in business analytics and information systems at Minnesota. The study, published in the journal Management Science, could lay the groundwork for further academic analysis of online dating sites. Experiments of this sort could be used in a range of online-matching platforms to help understand how to improve the consumer experience — though it’s important that the experiments are done ethically, the researchers added.
Getting a big data project in place is a tough challenge. But making it deliver results is even harder. That’s where artificial intelligence comes in. By integrating artificial intelligence into your big data architecture, you’ll be able to better manage, and analyze data in a way that provide a substantial impact on your organization. With big data getting even bigger over the next couple of years, AI won’t simply be an optional extra, it will be essential. According to IDC, the accumulated volume of big data will increase from 4.4 zettabytes to roughly 44 zettabytes or 44 trillion GB, by 2020. Only by using Artificial Intelligence will you really be able to properly leverage such huge quantities of data. The International Data Corporation (IDC) also predicted a need for 181,000 people with deep analytical skills, data management, and interpretation skills, this year. AI comes to rescue again. AI can ultimately compensate for the lack of analytical resources today with the power of machine learning that enables automation. Now that we know why Big data needs AI, let’s have a look at how AI helps big data. But, for that, you first need to understand the big data architecture. While it’s clear that artificial intelligence is an important development in the context of big data, what are the specific ways it can support and augment your big data architecture? It can, in fact, help you across every component in the architecture. That’s good news for anyone working with big data, and good for organizations that depend on it for growth as well. Artificial Intelligence in Big data Architecture In a big data architecture, data is collected from different data sources and then moves forward to other layers. Artificial Intelligence in data sources Using machine learning, this process of structuring data becomes easier, thereby, making it easier for the organizations to store and analyze their data. Now, keep in mind that large amounts of data from various sources can sometimes make data analysis even harder. This is because we now have access to heterogeneous sources of data that add different dimensions and attributes to the data. This further slows down the entire process of collecting data. To make things much quicker and more accurate, it’s important to consider only the most important dimensions. This process is what’s called data dimensionality reduction (DDR). With DDR, it is important to keep note of the fact that the model should always convey the same information without any loss of insight or intelligence. Principal Component Analysis or PCA is another useful machine learning method that’s used for dimensionality reduction. PCA performs feature extraction, meaning it combines all the input variables from the data, then drops the “least important” variables while making sure to retain the most valuable parts of all of the variables. Also, each of the “new” variables after PCA are independent of each other. Artificial Intelligence in data storage Once data is collected from the data source, it then needs to be stored. AI can allow you to automate storage with machine learning. This also makes structuring the data easier. Machine learning models automatically learn to recognize patterns, regularities, and interdependencies from unstructured data and then adapt, dynamically and independently, to new situations. K-means clustering is one of the most popular unsupervised algorithms for data clustering, which is used when there’s large-scale data without any defined categories or groups. The K-means Clustering algorithm performs pre-clustering or classification of data into larger categories. Unstructured data gets stored as binary objects, annotations are stored in NoSQL databases, and raw data is ingested into data lakes. All this data act as input to machine learning models. This approach is great as it automates refining of the large-scale data. So, as the data keeps coming, the machine learning model will keep storing it depending on what category it fits. Artificial Intelligence in data analysis After the data storage layer comes the data analysis part. There are numerous machine learning algorithms that help with effective and quick data analysis in big data architecture. One such algorithm that can really step up the game when it comes to data analysis is Bayes Theorem. Bayes theorem uses stored data to ‘predict’ the future. This makes it a wonderful fit for big data. The more data you feed to a Bayes algorithm, the more accurate its predictive results become. Bayes Theorem determines the probability of an event based on prior knowledge of conditions that might be related to the event. Another machine learning algorithm that great for performing data analysis are decision trees. Decision trees help you reach a particular decision by presenting all possible options and their probability of occurrence. They’re extremely easy to understand and interpret. LASSO (least absolute shrinkage and selection operator) is another algorithm that will help with data analysis. LASSO is a regression analysis method. It is capable of performing both variable selection and regularization which enhances the prediction accuracy and interpretability of the outcome model. The lasso regression analysis can be used to determine which of your predictors are most important. Once the analysis is done, the results are presented to other users or stakeholders. This is where data utilization part comes into play. Data helps to inform decision making at various levels and in different departments within an organization. Artificial intelligence takes big data to the next level Heaps of data gets generated every day by organizations all across the globe. Given such huge amount of data, it can sometimes go beyond the reach of current technologies to get right insights and results out of this data. Artificial intelligence takes the big data process to another level, making it easier to manage and analyze a complex array of data sources. This doesn’t mean that humans will instantly lose their jobs – it simply means we can put machines to work to do things that even the smartest and most hardworking humans would be incapable of. There’s a saying that goes “big data is for machines; small data is for people”, and it couldn’t be any truer. Read Next 7 AI tools mobile developers need to know How AI is going to transform the Data Center How Serverless computing is making AI development easier
Liberty Global-owned UK cable operator Virgin Media will build on its recent launch of dynamic ad insertion on its video-on-demand platform with a wider addressable advertising offering within the next year, according to Lynette Turnbull, head of digital entertainment product management.Taking part in a joint presentation at TV Connect with advertising technology partner BlackArrow’s CEO Nick Troiano, Turnbull said that the initial launch had laid the basis for the use of more third-party data to be integrated in the advertising offering in the next 12 months, with the launch of further addressable advertising service options for later this year.Turnbull told TV Connect attendees that digital advertising is growing faster than TV advertising thanks to the ability to measure the effectiveness of campaign performance and the rise of big data, which has enabled much greater targeting capability.She said that broadcasters needed to embrace big screen video-on-demand, expanding their offering and investing in an effective and deliverable monetisation strategy.“We need an effective audience measurement standard,” she said, adding that, from a platform perspective, Virgin Media will pay a role in supporting thisShe said Virgin Media had usage data and customer data along with multiplatform reach, allowing it to bring additional benefits to advertisers. She said this was not limited to addressable advertising on VoD but could be developed for linear ad dynamic ad insertion as well.Turnbull said advertisers would buy spots against segmented audiences, as this enabled them to provide more relevant information to customers. Addressable advertising stands to benefit all players in the chain, including platforms, advertisers, broadcasters and viewers she said.Virgin Media’s partnership with BlackArrow had enabled it to bring in additional features such as ad pacing, frequency capping and real-time reporting to its advertising offer, said Turnbull.
Recommended Link Recommended Link Click here now to see how you can cash in Doug Casey: I agree with Rick. Because mining, especially in South Africa – where mines go a mile or even two miles deep – is both a high-technology and extremely capital-intensive business.Today’s South Africa isn’t generating any new technology; the money is all going into politics, not science and engineering. Nobody wants to invest in a place where property rights are ceasing to exist. As Rick emphasized, nobody is going to put any significant capital in there, and they’re not generating any domestic capital.I just don’t see how the mining industry can continue there. It’s a far cry from the 1960s when these mines were making enough money to pay, on average, 10% dividends with gold at only $35 an ounce.Nick Giambruno: You mentioned the disregard for private property rights, Doug. It appears South Africa is about to embark on a massive private property confiscation scheme. We’ve seen this before in places like Zimbabwe, Cuba, and Venezuela. It usually coincides with economic collapse and an exodus of skilled workers. Could that happen in South Africa, and what are the implications for the mining industry in particular?Doug Casey: It’s not just the countries you mentioned. The Soviet Union and pre-Deng China collapsed because of socialism. Now, as far as the economic future in South Africa, it’s going to be grim. Why should it be different from every other experiment in social engineering?South Africa’s current culture doesn’t value the mainsprings of progress, which is to say free speech, free markets, individualism, a sound currency, and a work ethic, among other things. South Africa is basically a tribal society, and their values are communal. They’ve also been infected by every stupid idea that’s come down the pipe from Europe.The black government is terminally incompetent and corrupt, and unlikely to get better. They see the mines, in particular, as cash cows to be milked to the greatest degree possible.The whole economy of Africa is based on primary production, mining, and agriculture. South Africa has some industry, but it won’t be maintained, or kept up to date. It all doesn’t bode well for the place. Register for free — From Essentially $0 To Potentially $400 Billion?This Thursday at 8 pm ET, we’re hosting a free investment summit. A former money manager, famous for predicting the renter trend, legal marijuana wave, blockchain boom, and Bitcoin bubble will go on record with his next prediction—as a new industry goes from essentially $0… to potentially $400 billion over the next few years. Forget earnings seasons, IPOs, and government bailouts. This is going to be even better. Join us Thursday evening to get the surprising story behind this watershed moment. Justin’s note: Today, we’re sharing part II of Crisis Investing chief analyst Nick Giambruno’s recent interview with resource legends Doug Casey and Rick Rule. If you missed part I, make sure to catch up here.Below, the guys take a closer look at the current crisis in South Africa, and what it could mean for platinum in the near future…Nick Giambruno: Rick, given what we’ve been discussing, do you think there’s a potential for supply disruptions soon from South Africa?Rick Rule: I think that it is in fact a probability rather than a possibility. The industry has not made sufficient sustaining-capital investments for 10 or 12 years. The industry has been required politically – sometimes with state assistance – to keep uneconomic shafts open.And you have a circumstance now where the lack of sustaining capital means that literally billions of dollars must be put in place to rehabilitate these old shafts so that they can continue to produce. At the same time, workers’ wages must increase.These two circumstances are confronting an industry that loses more than a billion dollars a year.The money has to come from somewhere, and there is nowhere for it to come from.The second circumstance that this discussion needs to include is the fact that although South Africa has abundant resources, including human resources, the government mismanagement has been so incredible.For example, while South Africa is an exporter of coal and uranium, the domestic power supplier in South Africa, Eskom, can’t pay its bills or meet demand for electricity.The mining industry in South Africa is extremely power-intensive. But Eskom is run more politically. So ironically, the part of South Africa that pays its power bills – which is the mining industry – experiences rolling brownouts. Eskom needs to invest more money – money that it doesn’t have – in power generation and distribution.This again augurs very dramatically for supply disruptions.For example, if there were an extended brownout, it could cause the pumps for water evacuations in the deep shafts to go down for very short periods of time, I’m talking about a week or so. That would cause material destruction to the ventilation and electrification of these deep shafts. My suspicion is over two or three years, that’s a probability as opposed to a possibility, too. — I Have Never Seen Trump Like THIS…Just seconds into this rant, President Trump admitted a shocking $5 trillion grudge… Now that HE is running the show… He’s taking out his fury in full force… And giving away as much as $5 trillion to hardworking Americans. Nick Giambruno: South Africa has gone through numerous episodes of turmoil. A lot of people thought it would collapse amid bloody riots in the mid-1970s, but it didn’t. Doug, what makes this time potentially different?Doug Casey: That’s the $64,000 question. Let me give you a few thoughts.In those days, the whites were relatively more numerous, but South Africa has been suffering white emigration for a couple of decades now, while the black population has doubled. The whites used to control the police and the military; that absolutely ended. The only thing the whites control is the finances of the country, and the blacks resent that. So, they’re going to lose that as well.Skilled white South Africans will continue to make the “chicken run” in accelerating numbers, if they can. I have relatives and friends in South Africa, and they’re all looking at the door. Even though the standard of living is still very high. But it’s dangerous out on the farms and becoming more dangerous. The white exodus is going to turn into a flood over the next decade.Nick Giambruno: Rick, what’s your outlook on the price of platinum going forward?Rick Rule: My track record in terms of price forecasting is almost unblemished by success. So, I’m old enough now at age 65 to sort of resist questions like that.I can only say that you wouldn’t significantly reduce platinum demand even if the price were to double or triple. One of the things that I really like about the platinum business is it takes about $120 or $130 worth of platinum to make a catalytic convertor that enables the sale of a $40,000 car. That means the cost of the platinum is irrelevant in terms of the cost of the vehicle.I love circumstances where, 1) the price of something must go up because it’s being produced at less than the cost of production and, 2) the price can go up because the utility that the commodity delivers is so spectacular relative to its unit cost. Platinum exhibits both of those characteristics.In other words, the industry pricing is unsustainable relative to the cost to produce platinum. The utility of platinum is so extraordinary in every application that it’s used for that my belief is you have a circumstance where the price can go up and must go up. So, it will go up. I’m just unwilling to tell you how high, because I don’t know.Nick Giambruno: Any final thoughts?Doug Casey: Again, I agree with Rick.I would just add, the big danger in the commodity business is a continuing collapse in commodity prices. That is the absolute longest trend in world history; it’s been going on for 10,000 years, and it’s a good thing – great cause for optimism. It used to be that a little bit of metal was extremely valuable thousands of years ago; now it’s worth almost nothing. That trend is going to accelerate with the development of both nanotech and biotech, as well as better and cheaper power sources. Extraction and processing costs are going to drop radically – at least in countries that aren’t political basket cases. All commodities are inevitably headed towards zero over the long run. Unless the whole world starts acting like today’s South Africa.But from a current income statement point of view, I realize that’s just academically interesting. Not terribly relevant to the next quarter. But it’s good to keep these thoughts in the back of your mind when you get overenthusiastic about any commodities.Rick Rule: Doug is correct. Commodity prices in real terms have been falling at about 1% compounded for a very long time. That notwithstanding, focusing on commodity-based investments has made me rich.The way that I’ve done it is by concentrating on materials that other people weren’t concentrating on where the cost of producing those materials was higher than the median selling price of the material.In other words, while over 20 or 30 years the real price of a material may fall, if you are able to buy that material over a period of time when the price has to rise in the near-term, you can do very well.But I also want to pause at a more optimistic viewpoint on Africa than Doug left you with. It’s a topic I am familiar with, because I correspond with and in fact attempt to mentor a great number of African people under the age of 40, most of them under the age of 30. And I can tell you that large, innovative, and rapidly growing companies are emerging all over the African continent that are staffed by, cater to, and financed by indigenous African people.I am much less concerned about the white flight in South Africa, looking as an example at the competency of the indigenous staff at companies like Ivanhoe Mines or Rand Gold.What I’m more concerned about is the fondness of the indigenous political classes for the worst legacies of colonialism, which are in fact government and socialism. So, while in the near term I don’t argue with Doug’s pessimism, in the five- to 10-year timeframe I personally am an unalloyed bull on Africa.Nick Giambruno: Doug and Rick, thank you for your time.Justin’s note: In the latest issue of Crisis Investing, Nick shared more details on this situation… and revealed two specific investments to take advantage of it. Subscribers can access the issue here.If you’re not a subscriber, I urge you to consider joining Nick and his readers today in what is setting up to be a big year for crisis investors. Every month, Nick tells his readers about the best money-making opportunities that no one else is talking about. For example, he recently discovered a revolutionary way to make money off gold… but not in the way you’re probably thinking.This “new gold” investment has delivered gains of 169%, 264%, and 9,001% over the past year… And there’s still massive upside ahead. You can learn more about this opportunity – and how to sign up for Crisis Investing to get all of Nick’s recommendations – by going here.Reader MailbagAre you planning on adding platinum exposure to your portfolio soon? If not, are there other metals you’d like to hear more about in 2019? Let us know right here: email@example.com.Tomorrow’s the Big NightTomorrow at 8 p.m. ET, Strategic Investor editor E.B. Tucker will go on record with his next big prediction during a free investment summit. He believes we’re looking at the growth of a new market – from $0 to potentially $400 billion in a matter of years. And three well-positioned stocks are expected to take the lion’s share of profits.You don’t want to miss this. Go here to register for free…
Add to Queue Chris Anderson, who literally wrote the book on “free,” faces off with the tech gurus who say “free” is the great sham of the digital age. This story appears in the October 2009 issue of Entrepreneur. Subscribe » Technology –shares Radicals and Visionaries Next Article Turbulent times upend conventional thinking, and one of the most provocative ideas to surface in recent years is the doctrine of ‘free’–the idea that giving your product away is the surest, and perhaps only, path to success. In a special feature, Chris Anderson, who literally wrote the book on ‘Free,’ faces off with the tech gurus behind 37Signals, who call ‘free’ the great sham of the digital age.Free your mindDon’t be afraid to give your product away, Chris Anderson says, you’ll figure out how to make money laterThe secret to success in the digital age is giving people what they want–literally, says Chris Anderson, the editor of Wired and author of the controversial new book Free: The Future of a Radical Price. It’s a matter of finding ways to make money around what you give away, he says, via a third party such as advertising or premium strategies. “It’s the media model,” Anderson notes. “Radio’s free to air, television’s free to air. Consumers get the content free and create a marketplace of attention, then producers sell that attention to advertisers.”Free is what the web has been about for a decade. Anderson says he’s merely providing an economic model for why free works. He’s stunned that his thesis has kicked up such a hornet’s nest in the media, where the likes of Malcolm Gladwell in the New Yorker have ripped it (calling it unsupported by the facts and the product of a “technological utopian”).Anderson maintains that free is simply the best form of marketing: Customers sample the actual product, creating word of mouth, which allows companies to charge for premium versions of the product later. In other words, market free for a while, then attach the price tag.Critics point out that Anderson’s top examples–YouTube, Facebook and Twitter–have yet to make a dime. But Anderson cites a report that YouTube could be profitable this year and predicts Facebook could be next year.He also admits there are limits to free; advertising can’t support every business. But he’s high on the “freemium” approach, using products as premiums for themselves (think Radiohead), and the fact that digital delivery costs are now next to nothing really drives the model.Anderson has started two businesses based on free, and his book is available free in digital form on Kindle, and for a while free on audio, in addition to paid hardcover. He says 200,000 free downloads of the book (which was roundly criticized for plagiarism; a footnote transcription error, Anderson says) in two weeks prove the validity of pricelessness. “That’s awareness, sampling, word of mouth.” And a lot of nonroyalties.Nothing Plus NothingDavid Heinemeier Hansson and Jason Fried of 37Signals say ‘free’ thinking will never amount to real businessIf you want to get Jason Fried riled, all you have to do is bring up the subject of giving your products away. Fried, the co-head of hot web application company 37signals, and his partner, David Heinemeier Hansson, detest free, a concept they see as little more than a sham, a sleight-of-hand that covers up the lack of a real product. If you want to make money, they say, you need a real product that customers will spend money on, a business basic that free web space has distorted.”You pay for everything in your life except some of the stuff on the internet,” Fried says. “That’s the built-in human behavior we’d like to mimic. The problem with this free thing is, if you’re going to hook people on free for four years, and all of a sudden start charging for things, that doesn’t work very well.”Entrepreneurs are getting the wrong message from the Klondike buyout of YouTube and the “ridiculous” valuation of Facebook, they say, pointing out both companies are still hemorrhaging cash and haven’t figured out a way to make money. Free is a bubble that will burst when investors run out of patience.”I’ve been talking to startups, and people have this notion that all they need is eyeballs, all they need is a lot of users and then something magical will happen, and then they’re going to be a huge success,” says Heinemeier Hansson. “That’s going to lead to a lot of unavoidable failures.”Fried, 35, and Heinemeier Hansson, 29, revel in exposing what they see as the entrepreneurial fables in the era of social media Kool-Aid. They’ve won a wide following for their ventings on their Signal vs. Noise blog, citing 100,000 daily visitors, and in a book about building software, Getting Real. Their themes–don’t risk it all, stay small, charge for value, free is stupid–fly in the face of the conventional image that web success comes from big startups that attract massive amounts of free users and then massive buyouts–yet they’re right in line with a time-honored business practice: making a profit.”The answer,” Fried says, “is to be fair on prices, deliver great services that your competitor can’t and simply outlast free.” Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Register Now »
1 min read Fireside Chat | July 25: Three Surprising Ways to Build Your Brand ‘Google is search, Facebook is social, we’re going to be brand,’ he said. This story originally appeared on Reuters The mission to merge Yahoo’s assets with AOL and Verizon’s will lead to “some job changes” according to AOL CEO Tim Armstrong.Armstrong told the crowd at TechCrunch Disrupt 2016 in San Francisco that synergies within Yahoo and AOL’s operations will inevitably lead to some job changes but stressed that the deal itself was “not about job cuts.”Armstrong and Verizon executive vice president Marni Walden said the company is focused on a strategy that leverages advertisements across all platforms, utilizes partnerships with strongest competitors and strengthens media brands such as the Huffington Post and Yahoo news.”Google is search, Facebook is social, we’re going to be brand,” said Armstrong.(Reporting by Deborah M. Todd) AOL CEO Tim Armstrong: Yahoo Deal Will Spark ‘Job Changes’ Image credit: Reuters | Benoit Tessier AOL Inc Chief Executive Tim Armstrong. Reuters September 13, 2016 Yahoo! Enroll Now for $5 –shares Next Article Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Add to Queue
Reviewed by Alina Shrourou, B.Sc. (Editor)Dec 6 2018Older adults who take up drawing could enhance their memory, according to a new study.Researchers from the University of Waterloo found that even if people weren’t good at it, drawing, as a method to help retain new information, was better than re-writing notes, visualization exercises or passively looking at images.”We found that drawing enhanced memory in older adults more than other known study techniques,” said Melissa Meade, PhD candidate in cognitive neuroscience at Waterloo. “We’re really encouraged by these results and are looking into ways that it can be used to help people with dementia, who experience rapid declines in memory and language function.”Related StoriesNew therapy shows promise in preventing brain damage after traumatic brain injuryStudy provides new insight into longitudinal decline in brain network integrity associated with agingResearch team to create new technology for tackling concussionAs part of a series of studies, the researchers asked both young people and older adults to do a variety of memory-encoding techniques and then tested their recall. Meade conducted this study with Myra Fernandes a Psychology professor in cognitive neuroscience at Waterloo and recent UW PhD graduate Jeffrey Wammes.The researchers believe that drawing led to better memory when compared with other study techniques because it incorporated multiple ways of representing the information–visual, spatial, verbal, semantic and motoric.”Drawing improves memory across a variety of tasks and populations, and the simplicity of the strategy means that it can be used in many settings,” said Myra Fernandes.As part of the studies, the researchers compared different types of memory techniques in aiding retention of a set of words, in a group of undergraduate students and a group of senior citizens. Participants would either encode each word by writing it out, by drawing it, or by listing physical attributes related to each item. Later on after performing each task, memory was assessed. Both groups showed better retention when they used drawing rather than writing to encode the new information, and this effect was especially large in older adults.Retention of new information typically declines as people age, due to deterioration of critical brain structures involved in memory such as the hippocampus and frontal lobes. In contrast, we know that visuospatial processing regions of the brain, involved in representing images and pictures, are mostly intact in normal aging, and in dementia. “We think that drawing is particularly relevant for people with dementia because it makes better use of brain regions that are still preserved, and could help people experiencing cognitive impairment with memory function,” said Meade. “Our findings have exciting implications for therapeutic interventions to help dementia patients hold on to valuable episodic memories throughout the progression of their disease” Source:https://uwaterloo.ca/news/news/drawing-better-writing-memory-retention