Bloomberg Sound ON: Trump tariffs, national emergency, and Amazon (Podcast)

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Bloomberg Chief Washington Correspondent Kevin Cirilli delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.

Kevin discussed the fallout from Amazon’s decision to drop their NYC expansion plans, Trump’s national emergency declaration to build a wall and the progress on trade talks with China with guests Marc Ross, founder of Caracal Global and Bloomberg News Congressional reporter Anna Edgerton.

Listen here: https://bloom.bg/2SHtOFS

Lithuania, Australia, New Zealand, Venezuela, Gambia

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Lithuania, Australia, New Zealand, Venezuela, Gambia

Marc Ross Daily
February 18, 2019
Curation and commentary from 
Marc A. Ross

Reporting from Alexandria, Virginia 

Marc Ross Daily  = News + Analysis at the Intersection of Globalization + Disruption + Politics


TOP FIVE

✔️ Pence and Merkel offer contrasting visions of global security

✔️ War on plastic will dent oil demand

✔️ Obama quietly gives advice, but no endorsement

✔️ Northern Virginia is keeping Amazon’s 25,000 jobs

✔️ NBA announces new Africa basketball league

ROSS RANT

Bloomberg Sound ON: Trump tariffs, national emergency, and Amazon (Podcast): Bloomberg Chief Washington Correspondent Kevin Cirilli delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Kevin discussed the fallout from Amazon’s decision to drop their NYC expansion plans, President Trump’s national emergency declaration to build a wall and the progress on trade talks with China with guests Marc Ross, founder of Caracal Global and Bloomberg News Congressional reporter Anna Edgerton. Listen here: https://bloom.bg/2SHtOFS

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GLOBALIZATION

Pence and Merkel offer contrasting visions of global security: FT reports, discord and division between US and allies on show at Munich conference.

Trump policies unite allies against him at security forum: Reuters reports, in 2009, then Vice President Joe Biden came to Munich to "press the reset button" with Russia. A decade later he came again to offer the world better relations, this time with his own country.

WP: Trump foreign policy under attack from all sides at European security conference

Rana Foroohar: Donald Trump’s ill-timed rift with Europe: There is an opportunity for a new transatlantic alliance to benefit both US and EU.

Lithuanian spy case recalls Soviet-era practices: DW reports, Lithuania has been stunned by the arrest of a scion of the country’s most controversial political dynasty. The repercussions could impact the result of an ongoing trial in Vilnius. 

German export machine braced for global shocks: With free trade and open borders under threat, a debate on how to protect businesses is set to divide coalition politicians.https://on.ft.com/2SGZPhs

Trade war hits SE Asia, growth down for first time in 3 years: Nikkei reports, US-China dispute weighs on Singapore and Thailand economies in 2019.

FT: Data leak reveals China is tracking almost 2.6m people in Xinjiang

Security researcher’s discovery suggests extensive use of facial recognition.

NYT: Chinese and Iranian hackers renew cyberattacks on US companies

Dozens of corporations have been hit, including Boeing, T-Mobile andGeneral Electric, along with multiple US agencies, according to people briefed on the episodes.

Security experts believe the renewed aggression is a result of Trump’s withdrawal from the Iran nuclear deal last year, and his recent trade conflict with China.


Australian political parties hit by cyber attack: FT reports, ‘sophisticated state actor’ to blame for intrusion just months before election, PM says.

Nikkei: 'State actor' hit Australian parliament in cyberattack, says PM

FT: Australia to fast-track UK trade pact in event of no-deal Brexit

Minister pours cold water on British ambition to join TPP.

New Zealand tourism faces Huawei backlash from China: Nikkei reports, Wellington's 5G snub puts the economy at risk, experts say.

Seven MPs resign from Labour in challenge to Corbyn: FT reports, split by pro-EU moderates comes ahead of crucial parliamentary votes on Brexit.

Scotland dreads Brexit. But is it enough to boost sentiment for Scottish independence? https://wapo.st/2N0hSc2

Saudi crown prince pledges $20bn to Pakistan: FT reports, Mohammed bin Salman kicks off tour that is expected to include India and China.

DW: US military planes carrying aid arrive near Venezuelanborder

As US amasses aid on Venezuelan border, Colombian city braces for showdown
: WP reports, Cucuta, population 750,000, has for years been overwhelmed by the massive migration over its border. Now there is concern about a massive protest and a benefit concert set for next weekend.

Venezuela’s opposition reaches out to Russia and China: FT reports, Juan Guaidó wants to establish diplomatic ties with Nicolás Maduro’s biggest allies.

Bloomberg: Trump to ramp up pressure on Maduro to leave Venezuela

OTD
: In 1965 the Gambia became independent from the UK.

Indian soldiers killed in clashes with militants: DW reports, a gunbattle with militants in disputed Kashmir has left four Indian troops dead. It comes just days after the worst attack on government forces in the region's history, to which India promised a "jaw-dropping" response.

DISRUPTION

Christof Ruhl: The war on plastic will dent oil demand more than anticipated: Companies are underestimating the importance of changed consumer attitudes.

POLITICS

Heather Nauert, who was Trump’s pick to serve as US ambassador to the UN, has withdrawn from consideration.

Timothy O'Brien: In Trump’s world, he never loses: His Rose Garden speech declaring a national emergency and his decades of self-aggrandizement are more closely related than you might think.https://bloom.bg/2DNeWLS

WP: Bill Weld defends decision to run against Trump, says Republicans ‘want to have no election’

@GovBillWeld: "It is time for all people of good will to take a stand and plant a flag...It's for this reason that I have today established an Exploratory Committee to pursue  the possibility for my running for the Presidency of the United States as a Republican in the 2020 election."

NYT: Obama quietly gives advice, but no endorsement, to Democrats

Former President Barack Obama has counseled more than a dozen candidates on how to win the White House in 2020 — but he has no plans to pick a favorite.

The discreet role he has taken on reflects his longstanding ambivalence about acting as a partisan political leader.


Minouche Shafik: Populists have a point, the system has to change: The economic insecurity and fears about identity that they exploit must be addressed.

THOUGHT LEADER TACTIC OF THE DAY

Submit four opinion editorials engaging both national and regional news outlets.

COMMERCE

FT - Editorial: The chastening fallout of Amazon’s hunt for HQ2: Companies and politicians can learn from the ill-fated New York deal.

WSJ: Amazon’s New York project foundered on labor organizing, opposition to subsidies

Amid backlash, talks to resolve differences failed to allay company’sgrowing unease.

LAT: Amazon's New York retreat heralds a new era of corporate welfare fights

Northern Virginia is keeping Amazon’s 25,000 jobs, and wants you to know it
: NYT reports, Their message: Their region has its act together, they have been far more prepared, and they were free of drama.

Amazon’s New York ‘disaster’ reminds leaders to address gentrification https://wapo.st/2SWVBBx

In bid to conquer Oscars, Netflix mobilizes savvy campaigner and huge budget: NYT reports, Lisa Taback, who worked on awards campaigns for best picture winners like “The Artist” and “The King’s Speech,” is in charge of the lavish effort behind “Roma.”

Porsche customers in the UK should brace for a price hike of up to 10 percent in case of a hard Brexit, the carmaker warned.

Flybmi is shutting down due to rising fuel prices, carbon costs and uncertainty around Brexit.

Payless ShoeSource is closing its roughly 2,100 US locations in what is likely to be the largest-ever retailer liquidation by number of stores.

CULTURE

Israeli Film 'Synonyms' wins 2019 Berlinale Golden Bear award: DW reports, Nadav Lapid's quasi-autobiographical quest for identity on the silver screen takes the Golden Bear at the Berlinale 2019. Meanwhile, "So Long, My Son" by Chinese director Wang Xiaoshuai won two Silver Bear awards.

SPORT

Today: Chelsea play Manchester United in the FA Cup fifth round @ 2:30 pm ET

Female German referee causes Bundesliga broadcast to be canceled in Iran: DW reports, Iranian state TV did not broadcast a Bundesliga soccer match because of the presence of a woman as referee, media say. The Islamic country censors the showing of women in "revealing" clothes such as football shorts.

Barack Obama reportedly set for role with NBA-backed African basketball league: WP reports, the NBA is helping to establish a new professional basketball league in Africa and it has the enthusiastic support of Barack Obama. In fact, the former president will reportedly have a role with the league, although the extent of his involvement has yet to be announced. Over the weekend, before the NBA All-Star Game in Charlotte, the league announced a partnership with FIBA, basketball’s international governing body, to create the Basketball Africa League. Set to debut in 2020, the BAL will feature 12 teams from across the continent, with qualifying tournaments to be held later this year.

NBA announces new Africa basketball league: DW reports, the 12-team professional league in Africa will start playing in January 2020. The NBA said the new league will help develop basketball in Africa and create economic opportunities.

Uber, Amazon, Cat Ladders, Rice Krispies

Marc Ross Weekly February.png

Uber, Amazon, Cat Ladders, Rice Krispies 

Marc Ross Weekly
February 17, 2019
Curation and commentary from 
Marc A. Ross

Reporting from Alexandria, Virginia 

Marc Ross Weekly  = Emerging issues shaping commerce + culture


ROSS RANT

Uber isn't remarkable, it's better

The practice of hiring vehicles for transportation goes back to the 17th century. 

Dateline London 1635, the Hackney Carriage Act was the first legislation passed controlling horse-drawn carriages for hire in England.

Dateline Paris 1640, Nicolas Sauvage offers horse-drawn carriages and drivers for hire.

The taximeter was invented by the German inventor, Wilhelm Bruhn in 1891. The taximeter measured the distance or time a vehicle traveled and allowed an accurate fare to be determined.

It is widely believed Gottlieb Daimler built the world's first dedicated taxi in 1897 called the Daimler Victoria. The vehicle came equipped with the newly invented taximeter and was delivered to Friedrich Greiner, a Stuttgart entrepreneur who started the world's first motorized taxi company.

By the end of the 19th century, automobiles began to appear on city streets throughout America. It was not long before a number of these cars were hiring themselves out in competition with horse-drawn carriages.

Soon horsepower was removed from horses, and natural resources would be the horsepower to move vehicles. Gas-powered taxis came first to Germany, Paris, and London, and then to New York in the year 1907.

The Travis Kalanick of his day was Harry Allen.

Allen created The New York Taxicab Company and imported 600 gas-powered taxis from France in 1907, and he borrowed the word "taxicab" from London.

To ensure his vehicles were full and quickly recognized, he painted his taxis yellow.

Flash forward over 100 years later, and we now have Uber.

A company which owns no vehicles.

A company which employs no drivers.

A company with a valuation of $120 billion.

This valuation makes the company one of the most valuable transportation companies operating anywhere on the planet.

Consider Uber's valuation is more than General Motors, Ford Motor Company, and Fiat Chrysler Automobiles combined.

At a $120 billion, Uber's is worth more than double the average of companies in the NASDAQ 100 Index on a price-to-2018 sales basis. It gives the ride-hailing company a multiple of about 12 times, compared with an average of 4.8 times for the index.

Big numbers for sure, but why?

Three reasons:

1. Global scale
2. Reduced friction
3. Reduced anxiety

Uber's global scale is stupendous.

Where Harry Allen was limited to the five boroughs of New York City, current Uber CEO Dara Khosrowshahi can provide transportation in 65 countries and over 600 cities worldwide, plus the company completes 15 million trips each day. 

Uber has access to 3 million drivers who can move passengers from airports to city centers, from nightclubs to after-hour parties.

Also, as a consumer of the service, your experience and expectations can be harmonized regardless if you are in Indianapolis, London, or São Paulo.

Uber has dramatically reduced friction.

The premier etiquette organization, The Emily Post Institute, yes there is such an institute, recommends tipping your taxi driver between 15 and 20 percent of the total trip fare. Plus If you've traveled with luggage and your driver has helped you, it's proper etiquette to tip more. Beautiful, no set guidelines.

Also, you'll need to find out ahead of time if your cabbie accepts a credit card. If you don't make sure and you don't have enough cash, you'll have to leave your luggage and gear as collateral as you stumble around Singapore's Changi Airport at o-dark-thirty to find an ATM.

Hop in Uber anywhere, anytime, and you'll never need cash. You'll never need to fumble with credit cards and swiping. You can tip as suggested and even add commentary on the state of the car's interior and the cabbie's choice of music.

Uber has significantly reduced anxiety.

Most places allow a taxi to be hailed or flagged on the side of the street as it is approaching. Another option is a taxi stand. Finally calling a central dispatch office for a taxi ride is an option. 

So ringing up a ride isn't new, even if it is via an app. Get an Uber is the same as call a taxi.

Uber didn't create new technology; it deployed consumer behavior tactics. Before 2009 users of taxis had no knowledge when a cab would appear on their street, when a taxi would arrive at your door, or who is behind the wheel.

Now with a comfort inducing screen and the anxiety-reducing Pac-Man-like vehicle avatar displaying your ride shuffling across a map to pick you up, you now have knowledge.

The knowledge that your ride will appear, when it will arrive, and who is behind the rule - plus the most anxiety reducing tactic - you can inform family and friends where you are in your journey and when they can expect you - further reducing their stress.

Lessons here for entrepreneurs and thought leaders:

Few ideas are new. Uber is executing the 17th century idea of taxis and the 19th century idea of telephones.

What is new are the tactics Uber is employing to execute these old ideas.

Having a service or product that allows you to be global from day one.

Having a service or product that allows you to reduce end-users burdens.

Having a service or product that allows you to reduce end-users uncertainties.

-Marc

Marc A. Ross specializes in thought leader communications and global public policy for public affairs professionals working at the intersection of globalization, disruption, and politics.

FIVE TO READ

Adweek: Why a refocused emphasis needs to be put on AI and not on social http://bit.ly/2DLmY80

'History doesn't favor Facebook'

Lefsetz Letter: Amazon http://bit.ly/2DImqzy

Corporations are the enemy.

New Geography: Twilight of the Oligarchs? Amazon’s decision to abandon New York City—leaving a $3 billion goodie bag of incentives on the table—represents a break in the progressive alliance between an increasingly radicalized Left and the new technocratic elite. http://bit.ly/2DPrDpj

Rory Sutherland: We don’t need more technology, we need better technology http://bit.ly/2DLnh2E

Cat ladders: a creative solution for felines in flats – in pictures: Strategically placed ramps and ladders for urban cats are all the rage in Bern. Brigitte Schuster’s photo book Swiss Cat Ladders documents the phenomenon. http://bit.ly/2DP5eZu

EVENTS

Brigadoon Sundance 2019: February 24-26 | Sundance, Utah

PODCAST

Design Matters with Debbie Millman: Christina Tosi: From crafting custom Rice Krispies treats every single night as a kid to her Milk Bar empire today, Christina Tosi has long elevated the business of baking to a creative artform. http://bit.ly/2DLxDzE http://bit.ly/2DLxDzE