04:58:13 12/22/2016
https://youtu.be/eJKvb6KDcp0
A brief moment of clarity between confusion and chaos
Hey there! Welcome to Thursday, the one day this week that doesn’t have some form of holiday attached to it. This is your last chance to catch your breath before all the candles and tinsel and eggnog take over and send the next four days into a complete tizzy. Don’t ask me what a tizzy is. My mother used that word often around the holidays, though, and it is a rather fun way to describe the chaos of the season.
We have seriously bad weather shaping up for this weekend. What it comes down to is if you’re not getting snow you’re probably getting thunderstorms with the possibility of tornadoes across the central states. At least you won’t have to share road space with driverless Uber cars as they’ve had their registration suspended, and the last remaining civilians are leaving Aleppo, Syria today. I look at the news feeds from Reuters and the Associated Press and see a lot of chaos. Let’s see if we can provide a bit of clarity.
North Carolina lawmakers are still jackasses
The whole purpose of the North Carolina state legislature meeting in special session yesterday was so they could repeal the controversial HB2 bill that prohibited transgender people from using the restroom with which they identify. That didn’t happen1.
Please note that the city of Charlotte kept their end of the bargain. They met Wednesday morning and repealed the anti-discrimination bill that started this whole mess. Heaven forbid transgender people have any legal protections in the state of North Carolina. What was supposed to happen next was a complete repeal of HB2. However, Republican legislators added language to the repeal that would have called for a “cooling off” period of indeterminate length wherein no city or county could enact their own anti-discrimination law, effectively making the repeal moot. Obviously, that didn’t set well with state Democrats who backed off the bill. Meanwhile, hardline Republicans were upset that any repeal was considered at all.
I don’t know what they’re putting in the water in North Carolina but this is one of the most ridiculous displays of improper governance I’ve ever seen. The Charlotte city council has not yet said how they will respond to this breach of trust. It seems almost certain that this could lead to a new round of boycotts and job losses for the state on top of the millions already lost. I think Santa can just skip the entire state of North Carolina this year.
Security concerns across the US
After the attack in Berlin that left 12 dead, and especially given the fact that authorities across Europe are still looking for the Tunisian man accused of the attack, security is on high alert this holiday weekend anywhere large numbers of people are planned to gather2. If you are traveling, expect to see more police and TSA officers roaming the concourse and one is likely to see especially high security with international travel to and from Europe.
Here in the US, heavily-armed counterterrorism officers are standing guard at places such as New York’s pop-up Christmas markets in Union Square, Bryant Park, and Columbus Circle. In Chicago, the police presence is especially high at Daley Plaza with police vehicles parked so as to prevent a truck or any other vehicle from getting through. In Los Angeles, where there are several large events planned for the weekend and preparations are under way for the Rose parade, police have placed large equipment at the entrance to large events to prevent an attack such as what happened in Berlin.
While police presence in the largest cities are the most visible, smaller cities across the country have taken their share of precautions as well. Truck rental companies everywhere have been asked to contact local police should they encounter someone renting a truck who cannot give an adequate answer to what their plans for the vehicle might be. Police assigned to large events such as holiday football games and parades are more heavily armed and making good use of canine patrols. If ever there were a time for the phrase, “if you see something, say something,” this would be it.
Telephone patent wars
While many companies are winding down operations for the year and trying to end on a nice, tidy note, Nokia decided this would be a good time to file suit against Apple for patent infringement3. Nokia filed the suits in both Germany and the US, claiming that patents for displays, user interfaces, software, antennas, chipsets and video coding were being used by Apple outside their 2011 licensing agreement.
However, Apple says that Nokia is asking too much for the license to the disputed technologies. To that end, Apple has filed suit against Acacia Research Corp (ACTG.O) and Conversant Intellectual Property Management Inc [GEGGIM.UL], accusing them of colluding with Nokia to extract and extort exorbitant prices for the technology. Where this really gets confusing is when you realize that the Apple suit was filed just one day after Conversant named a former Apple executive as its new CEO.
What this ultimately means for consumers is that new editions of the famous Apple iPhone could be delayed and already high prices could go even higher. While Nokia phones hold an insignificant share of the market, the patents they hold are licensed by a number of phone makers around the world making this an issue that could affect almost everyone’s pocket book over the next couple of years.
The high cost of advertising
Yet another price fixing scandal is in the news this week and this time it involves the four largest holding companies in the advertising industry. Omnicom, Publicis, WPP, and IPG have all confirmed that they have received subpoenas from the U.S. Department of Justice Antitrust Division4. The subpoenas are part of an ongoing investigation into allegations of bid fixing for video and post-production services within the industry.
Without talking too much shop, what the Justice Department is claiming is that subsidiaries of the holding group, with the knowledge and implied consent of the partners in each group, are colluding with video and post-production companies to rig bids on large projects in exchange for promising the production companies additional business down the road. Those within the ad industry know this is not an uncommon practice in an effort to win a large, competitive account. Officially, however, the agencies all state that such practices are forbidden.
Where this all shakes out is that the smaller sub-contracted production companies often end up taking a loss while the big holding groups reap the profits. Small companies are hesitant to turn down the request, especially if it means getting to work on a high-profile account such as Ford or Coca-Cola. The downside is that even if the Justice Department is able to prove the big four are guilty of bid rigging, there is not a lot of teeth to their bite. Fines are the only punishment likely to be imposed and the companies would simply compensate by raising prices for their services.
And finally …
We had to do some digging to find much in the way of good news this morning, but we found it out in Arizona where a Virginia couple announced yesterday they had given birth to a set of quintuplets earlier this month5. Margaret and Michael Baudinet are the proud parents of four girls and a boy after a very careful and quiet pregnancy. The family temporarily moved to Phoenix moved to be closer to Dr. John Elliott, a specialist in multiple-birth pregnancies.
Anyone who has experienced multiple births knows how fraught with anxiety they can be. Even having twins presents a series of complications not seen in a single childbirth. However, doctors at the Arizona hospital say the delivery of the quints went extremely well. The babies all weighed a little more than three pounds at birth and were delivered within 17 minutes of each other thanks to a team of 24 medical professionals.
While the babies are still in neonatal ICU, they are all breathing on their own and are being bottle fed. The Baudinets plan to return to Virginia with their new family sometime next month.
That’s all we’re telling on this Thursday. Please do be careful as you are out and about with all those last-minute activities. We really do hope you’ll do us the favor of subscribing. That’s all we want for Christmas. Stay warm and we will see you again tomorrow.
5 Things You Should Know: 12.31.2016
04:33:14 12/31/2016
https://youtu.be/KkIJvxmtSo0
This Year Of Misery Ends Today
It’s Saturday morning, children. More importantly, it’s the last day of 2016. We’re finally getting this year out of our way and praying that next year isn’t actually worse, as some are predicting. Temps are on the warm side this morning in Indianapolis, but it’s incredibly windy so it still feels cold. You’ll definitely want to bundle up if you are among those daring to go out this evening.
We’re walking right past the continuing talk about Russia and hacking, even though it now appears they hacked a Vermont utility. We’re also watching but not commenting on a North Carolina judge blocking the state legislature’s attempt to strip power from the incoming Governor. We’ll save those for next year. Instead, we have 5 things you really should know.
China Is Shutting Down Its Ivory Trade
Ivory comes from one primary source: the tusks of bull elephants. As the elephants have been hunted into near extinction, most Western countries, including all of Europe and both American continents, have banned the trade of ivory. While that ban has been in place for several years, one lone holdout has created an incredibly large black market: China. Now, that is all changing as China announced yesterday that they are banning the trade of ivory by the end if 20171.
You should know that China had previously announced plans to shut down its commercial market this year, but what makes yesterday’s announcement so important is that they will now stop processing ivory so that it can even be used in the commercial market. All processing of ivory in the country ends in March of this coming year. This is a huge deal for the safety and longevity of African elephants who have continued to be poached despite bans on hunting them across the African continent.
Of course, there’s always a dark side to changes like this. The ban will almost certainly fuel an even stronger black market for existing ivory pieces. Laws for trading existing ivory are much more spotty and differ dramatically from country to country. There are also some exceptions to China’s ban. Still, this is ultimately a good move toward a more sustainable planet.
A Different Kind Of Police Shooting
We have been watching this story with some curiosity as it has grown over the week. On Monday, the Greek Ambassador to Brazil, Kyriakos Amiridis, went missing. On Wednesday, his wife finally reported him as missing. On Thursday, the ambassador’s body was found in a burned-out car. Then yesterday, a police officer admitted to killing the ambassador and by the end of the day it was discovered that the police officer was having an affair with the ambassador’s wife. Both the wife and the police officer are now in custody2.
I know, it really sounds like the plot of a best-selling mystery book, doesn’t it? I’m sure the tale will get even more interesting as the entire story unravels. What you should know is that the ambassador’s wife is a native Brazilian, so she likely won’t be able to hide under diplomatic immunity laws in the country. A cousin of the police officer is also being held on charges that he helped move the ambassador’s body. Police say that blood stains on the sofa indicate that the ambassador was stabbed several times before being moved to the car in an attempt to cover the crime.
Officially, the Greek government has not commented on the event at all, which seems a bit strange. Brazil’s Prime Minister apologized, which is standard protocol for incidents such as this. It doesn’t seem likely that anyone with direct government ties was involved, though. This does give Rio another black eye, however, and is likely to further hurt an already struggling tourist business.
When Your Birth Certificate Is Wrong
Mistakes happen just about everywhere, but when they happen on a birth certificate getting them fixed can be challenging, and that’s when the error is something simple. On Tuesday, however, 55-year-old Sara Kelly Keenan finally got her corrected birth certificate in the mail and it’s one for the record books. In the “gender” field, instead of saying male or female, Keenan’s gender is listed as “intersex,” the first time that designation has been made on a birth certificate in the United States3.
Understand, this isn’t a matter of Keenan preferring to identify one way or another. She was born with male genes, female genitalia, and mixed internal reproductive organs. Intersex. Keenan uses female pronouns when referring to herself, but even that comes after no small amount of confusion. When she was born, her parents and doctors agreed to keep her intersex status a secret. Back in the 1960s, intersex people were referred to as “hermaphrodites,” a term that carries a lot of social bias. For three weeks, she was listed as a boy, and then issued a new birth certificate that said she was female.
When did everything change? Her father finally confessed in 2012 that they had hidden the information from her. This comes after years of hormone replacement therapy and confusion. The new birth certificate is important not only for Keenan, however, but for thousands of intersex people for whom neither the male or female gender fits. Given the importance of birth certificates for things such as which bathroom one uses in North Carolina, this is a tremendous step forward that will affect a lot of people from here on out.
Recognizing The Right To Learn
Speaking of gender, A huge step forward in transgender rights came in India this week where a school exclusively for transgender students opened, admitting 10 students who had previously dropped out of school4. India has a transgender population of over two million people. In 2014, transgender people there were given equal rights under the law, including the right to marry and inherit land. That doesn’t mean that they are quickly welcomed into society, however, and still face a tremendous amount of bias and sometimes violence. Transgender people are often thrown out of their homes and can have tremendous difficulty finding jobs.
The school in the city of Kochi aims to help reduce some of the problems by helping transgender adults sit for exams necessary to graduate high school. The program is very similar to the GED in the United States. The school has admitted six students so far, with more waiting to be admitted. The students all have a sponsor covering the cost of the education as well as food and housing. The centre also pays for gender reassignment surgery at government hospitals.
Opening the school hasn’t been easy. The school’s founder, who is also transgender, says she approached over 700 property owners before finding a suitable location. Most, she said, didn’t understand what she was trying to do, thinking that she wanted the space for prostitution. While the school is starting small, organizers hope to create a model that can be used across all of India. Approximately 56% of transgender people in India dropped out of high school, so this could be a dramatic turning point for all of them.
And Finally …
Normally, when you think of older people collecting things, one thinks of memorabilia such as pottery or antique furniture and the like. No one ever expects them to be hoarding a fortune in artwork, especially not in their garage. Yet, that is exactly what an elderly French couple was convicted of doing yesterday5. The court found Pierre Le Guennec and his wife Danielle guilty of illegally procuring the artwork of Pablo Picasso from the Picasso home and handed down a two-year suspended sentence.
This has not been an easy case to decide, however. The couple didn’t exactly sneak into the Picasso home and steal the art in the dead of night. Pierre was an electrician who was working in the Picasso home at the time of the artist’s death in 1973. The argument has been that the couple was given the artworks by Jacqueline Picasso, who may or may not have had a right to give the artwork away. A feud as to who holds the rights to Picasso’s work lasted until Jacqueline’s death in 1986. Claude Picasso is now generally considered to be the rightful heir of the Picasso estate.
What you should know is that no one knew the couple had the more than 180 paintings and a book with more than 91 sketches until Pierre took them to have them appraised about seven years ago. The artwork is supposedly in good condition despite having been in the garage the past 40 years. The current appraisal stands at about $105 million but could likely go quite a bit higher.
And that’s it. We are done for the year. We are taking a break tomorrow so that we can consider possibly trying to stay awake to see in the New Year. We’ll hopefully be back bright and early Monday morning. Until then, we hope you have a good day. Happy New Year!
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