Tag Archive for Tag: 夜上海论坛EM

Tag: 夜上海论坛EM Joseph Mariathasan: Coping with autocracies

first_imgCredit: Jorge GryntyszOnline film streaming service Netflix drew criticism for removing content at the request of Saudi ArabiaCritics argue that such companies should be prepared to uphold the values of liberal democracies and should not bow to pressure to amend business practises to cater for local requirements. For investors focused on incorporating environmental, social, and corporate governance (ESG) criteria, deciding on what should be reasonable behaviour is an issue that deserves wider debate.It is somewhat hypocritical to decry the behaviour of the modern social media titans when set against the behaviour of the older behemoths of the stock market throughout the last century.Perhaps the most egregious was IBM supplying tabulating machines to the Nazis in the 1930s, which allegedly helped in the genocide of European Jews – as reported by Edwin Black in his 2001 book ‘IBM and the Holocaust: The Strategic Alliance Between Nazi Germany and America’s Most Powerful Corporation’.Stakeholders versus shareholdersThe fundamental issue for investors is to decide to what extent companies should be driven by the philosophy espoused by Milton Friedman: that the only social responsibility of a business is to use its resources to engage in activities designed to increase its profits, so long as it stays within the rules of the game.The problem with this argument is that it justifies the reported actions of IBM – as well as the sale of any weapons or destructive substances, provided they are within the law.Should companies refuse to deal with regimes that are deemed to be inimical to the liberal values of free speech and democracy? It would certainly seem an attractive way forward, but would rule out dealings with a large fraction of the globe, including “allies” such as Saudi Arabia.To espouse the ideals of ESG investing is to promote the idea that it is all stakeholders that matter. Company management needs to bear this in mind in its actions.The pendulum does appear to be swinging back towards the idea of stakeholder value, rather than solely shareholder value maximisation. Some commentators – such as Columbia University’s Jeffrey Sachs in this letter to the FT from October 2018 – argue that the future of the planet depends on such a shift.Perhaps a distinction can be made between actively supplying goods and services intended for questionable purposes, and passive acquiescence when faced with laws that deny the supply of goods and services that could promote liberal values. Both may be unacceptable to idealists, but clearly the former is in a different league to the latter.On those grounds, it is the providers to Saudi Arabia of arms being used in a destructive and pointless war in Yemen that should be criticised, and not a company that declines to supply something on the grounds that it has been told it is illegal to do so.When US president Donald Trump declared that he would not punish Saudi Arabia or crown prince Mohammed bin Salman for the murder of Washington Post journalist Jamal Khashoggi, as it would impact US weapons sales to the country, perhaps it demonstrated that there were greater issues of concern for ESG activists than US social media companies.Further readingLong Term Matters: What do Facebook’s investors care?Long Term Matters: What should investors do about authoritarian governments? (The video is still available on YouTube.)Countries such as China and Saudi Arabia have values and laws that are often different to those of liberal democracies. This poses a challenge to international technology companies such as Facebook and Google. Earlier this month, Netflix pulled an episode of Patriot Act, presented by Arab-American comedian Hasan Minhaj, in response to objections by Saudi Arabia.As the episode was essentially a diatribe against the Saudi ruling family, the fact that the country raised objections was not a surprise. But should Netflix have acceded to its demands?Netflix stated that its actions were in response to a “valid legal request”. Saudi Arabia claimed it contravened Article 6, paragraph 1 of Saudi Arabia’s Anti-Cyber Crime Law, which forbids “production, preparation, transmission, or storage of material impinging on public order, religious values, public morals, and privacy, through the information network or computers”. The penalty is up to 5 years in prison.Presumably if Netflix had refused to pull the episode in Saudi Arabia the company’s operations there would have been closed down. For shareholders, it would not have made any significant difference given the size of the market, and conceivably such an act of “virtue signalling” might have brought benefits, as others have found. Netflix chose not to go down this path but, by doing so, it attracted considerable criticism.last_img read more

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Tag: 夜上海论坛EM NFL Draft 2019: George Kittle says fellow Iowa tight ends Noah Fant, T.J. Hockenson will have Day 1 impact

first_imgPhenomenal play all around as Nate Stanley finds T.J. Hockenson for the @HawkeyeFootball bomb.The gain led to a Noah Fant TD and a tie game at Kinnick: pic.twitter.com/Wyru9UNw3T— Big Ten Network (@BigTenNetwork) September 23, 2018However, Kittle did not hesitate to reject any notion of him being a better prospect than Fant or Hockenson.”Definitely T.J. and Noah are both higher prospects than I was,” he said. “I only had like 40 catches total at Iowa, I think they each had 40 in one year. “They’re pretty and they’re going to do a lot of really good things. I’m just happy to be in the conversation with those guys because they had a special college career.” Dallas Clark, a Super Bowl champion with the Colts, was a first-round pick out of Iowa and enjoyed 11 seasons in the NFL. Kittle had to wait until the fifth round to hear his name called in 2017, but the 49ers star set the single-season record for receiving yards by a tight end last year.Neither Fant nor Hockenson will have to be that patient, and Kittle has no doubt in their ability to become the latest Hawkeye tight ends to excel in the NFL. Related News NFL Draft 2019: Cardinals have made no decision on No. 1 pick, GM Steve Keim insists NFL Draft 2019: Packers could be considering selecting quarterbackcenter_img “I think they’re both definitely first-round draft picks, they’re both guys that will instantly affect the team positively,” Kittle told Omnisport. “Noah is literally the best athlete that I’ve ever seen, he is absolutely outrageous, I saw that Day 1 as soon as he stepped in the building at Iowa as an 18-year-old freshman, he’s an absolute freak. “He makes plays that other people can’t physically make, he’s unreal quick twitchy, incredibly fast and he’s incredibly strong too. I’m pretty sure he has multiple strength records at Iowa, he’s not just this skinny, lanky fast kind, he’s incredibly strong and powerful. He’s gonna be incredible.With this TD grab on Saturday, Noah Fant became the all-time leader in TDs by a Tight End in program history | #TDTuesday pic.twitter.com/IEZVVuyod8— Hawkeye Football (@HawkeyeFootball) September 18, 2018″Then you’ve got T.J., who’s just ‘Mr Do it All,’ he’s like a Swiss Army knife. He can run block, he can go against [defensive] ends, linebackers, safeties, it doesn’t matter, he just gets it done, catches every ball you throw to him.”He just has a great attitude every single day, I was in the locker room [with them] for only a year but, being able to keep in touch with both those guys since I’ve graduated, they’re both incredibly hard workers and whatever team they get drafted to they’re going to impact them in a positive way [from] day one.”As for why Iowa consistently produces such great players at the position, Kittle credited veteran Iowa strength coach Chris Doyle and an offense and locker room mindset that help make the jump to the NFL less daunting.”They do a really good job in the strength program with Coach Doyle,” Kittle said. “He just really takes young guys and builds on their frames and prepares them for the NFL level. The offense that we run is very pro-style and the attitude around the locker room is very football-oriented. Every day you show up and it’s football, I think that’s a great thing, it gets guys in the right mindset, and it definitely prepares you for the next level.”#MondayMotivationAttack the week like @HawkeyeFootball TE T.J. Hockenson attacks blocking. pic.twitter.com/stWA47lmP8— Big Ten Network (@BigTenNetwork) October 15, 2018Having flown under the radar two years ago, Kittle accepts his rise to stardom may have helped boost the hype Fant and Hockenson have received.”I think maybe a little bit,” he said when asked if he paved the way for them to be first-rounders. “You don’t want to sleep on Iowa tight ends because we all have some fun and I think Iowa’s put out a lot of good tight ends that have made a lot of big plays and impact a lot of NFL teams. If I’m an NFL GM, coach, I’d definitely want both those guys on my team.” George Kittle expects Iowa tight ends Noah Fant and T.J. Hockenson to live up to the hype and make an impact as rookies starting on Day 1.Both Hawkeyes are expected to be selected in the first round of the NFL Draft next week after catching teams’ eye at Iowa, a football program that has developed a reputation for producing pro tight ends like … Kittle.last_img read more

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Tag: 夜上海论坛EM Expert Week 5 NFL Pick Advice, Tips for Survivor pools

first_imgThe strategy in NFL survivor pools has been easy for many this season: Pick against the Dolphins. Well, that won’t work this week with the Dolphins on bye, which means you’ll have to dig deeper to find another option. TeamRankings is here to help with advice on maximizing current and future value by looking at the five most popular Week 5 picks: Philadelphia, Kansas City, New England, the LA Chargers, and Minnesota.Last week saw some legit survivor carnage with the Rams, Colts, and Ravens losing, and this week features a couple teams that could similarly wipe out a large percentage of your pool if they lose.  More From TeamRankings:Football Pick ’em Picks | NFL Survivor Picks | NFL Betting PicksBefore we get into the Week 5 survivor pool analysis, we have to remind you that TeamRankings is the only site that provides customized picks that maximize your edge in survivor pools. Since 2017, TeamRankings subscribers have reported nearly $1.5 million in survivor pool winnings. Check out their NFL survivor pool picks, football pick ’em contest picks, and NFL betting picks.FREE TRIAL OFFER: Sporting News readers can get a free three-day premium trial to TeamRankings, including game predictions, betting picks, and customized picks for pick ’em and survivor pools. Claim your free trial now!Last week’s survivor pick analysisAfter several weeks of above-average survival rates in survivor pools, the gauntlet finally came down in Week 4. The Rams were the second most popular Week 4 survivor pick with 29-percent national pick popularity, and they lost to Tampa Bay. That was the single biggest survivor elimination result so far in 2019. Indianapolis and Baltimore were also in the top-five most popular choices last week and lost. The Chiefs, who were the fourth most popular choice, barely survived with a late touchdown after trailing with one minute remaining. For our premium subscribers, we recommended taking the Chargers last week at a rate even higher than the public was selecting them (49 percent versus 44 percent for the public), and largely avoided the Rams (six percent versus 29 percent for the public), who weren’t that much safer than some other options but were far more popular. That part of our strategy worked out beautifully.The bad news was that fading the Rams (as well as the third most popular choice, Indianapolis) meant favoring less popular picks like the Ravens and Texans, and both of those teams were upset, as well. Overall, both the public and our subscriber pick recommendations via our NFL Survivor Picks product were eliminated nearly half the time in Week 4, with the public surviving at a 54.6-percent rate while our recommendations survived 52.2 percent of the time.So far this season, an average of about 38 percent of all public entries are still alive heading into Week 5. In comparison, around 42 percent of all TR subscriber pick recommendations have survived to Week 5, putting our subscribers ahead of the pace.WEEK 5 FANTASY RANKINGS:Quarterback | Running back | Wide receiver | Tight end | D/ST | KickerWeek 5 NFL Survivor Pool Pick Tips, AnalysisIn Week 5, the biggest news as far as survivor pools are concerned is that Miami is on a bye, so you will not have the Dolphins to pick against. With that context, let’s analyze the five most popular survivor picks this week.Philadelphia Eagles (vs. New York Jets)Survival Pool Pick Popularity: 45%Point Spread: -13There are three choices this week with similar safety profiles. The Eagles are the most popular choice over the Chiefs and Patriots because of their relatively low usage so far and their much lower future value. Week 5 has always been one of the more attractive spots to consider using the Eagles, and with Jets quarterback Sam Darnold (mono) still not cleared for contact and the team likely to still start Luke Falk, it’s a fairly safe matchup, as well. Betting market odds give the Eagles about an 86-percent chance of survival, which is slightly down from where the Chargers were a week ago as the most popular option.With that said, 45-percent pick popularity is quite high, especially when there are some similarly safe options this week. If you stay away from Philadelphia this week, the next likely survivor spot for them is in Week 13 against the Dolphins.Kansas City Chiefs (vs. Indianapolis)Survival Pool Pick Popularity: 24%Point Spread: -11The Chiefs rank third in terms of safety this week, with an 83-percent chance of winning based on betting market odds. Our models are slightly more pessimistic, giving KC a 79-percent chance of winning. Either way, there is still a solid gap in terms of safety between the Chiefs (currently an 11-point favorite) and next safest team (the Chargers as a 6.5-point favorite).This is also the first week this season where KC is a double-digit favorite, so while the Chiefs have been consistently in or around the top five most popular survivor picks each week, they have never been used by more than six percent of entries in any one week until now.One reason to consider holding on to the Chiefs and not playing them just yet? Future value. KC has even higher projected win odds in Week 13 (Oakland) and Week 15 (Denver) and could be a good counter to entries that will be playing against the Dolphins in both of those weeks.New England Patriots (at Washington) Survival Pool Pick Popularity: 16%Point Spread: -15The Patriots are the safest team in terms of win odds this week, with an 88-percent chance of victory over Washington according to both the betting markets and our models. The fact they are just the third most popular survivor pick — well behind Philadelphia in terms of pick popularity — makes for a compelling combination when mixed with their win odds.The biggest issue is that New England still has the highest future value of any NFL team, though the gap between the Patriots and Chiefs has closed. If you don’t use New England this week, the next two potential options are next week at home against the Giants and Week 7 at the Jets. But with the Giants showing signs of life with rookie quarterback Daniel Jones and Sam Darnold likely to be back for the Jets in two weeks, those games may not be the cupcakes they looked like previously. (The Patriots do get Miami again, but that is in Week 17 when starters may be resting.)More From TeamRankings:Football Pick ’em Picks | NFL Survivor Picks | NFL Betting PicksLos Angeles Chargers (vs. Denver)Survival Pool Pick Popularity: 3%Point Spread: -6.5Only about 15 percent of entries this week are going with a team other than the Eagles, Chiefs, or Patriots. Of those other options, the Chargers have the best odds of winning, at 73 percent.The vast majority of survivor entries that are still alive have already used the Chargers. That’s what happens coming off a week where only about 55 percent of the public survived and most of those survivors picked the Chargers. In fact, LAC’s survivor availability is the lowest of any NFL team. If you still have them and want to diversify from more popular picks, this week may be your best spot. If you do not use the Chargers this week, the next time they look like a top option is in Week 16 at home against Oakland.Minnesota Vikings (at NY Giants) Survival Pool Pick Popularity: 3%Point Spread: -5.5Minnesota has about a 69-percent chance of beating the Giants on the road, a significant safety drop from the top three options this week. The Vikings do not have a lot of future value, but they do look like the second-safest option in Week 8 when they host Washington, which would make them a solid contrarian play given all the entries expected to use Pittsburgh against Miami that week.Get our Week 5 Survivor Pool pick recommendationThe teams above are the most popular survivor picks of Week 5, but that doesn’t mean one of them is the best pick for you. Your best NFL Week 5 survivor pick is the one that offers the ideal balance of safety, pick popularity, and future value for your specific pool.We built our NFL Survivor Picks tools to do all of the necessary number crunching to figure out the best pick(s) for your pool. You simply answer a few questions about your survivor pool’s size and rules and enter the teams you’ve picked so far. Then, it provides customized Week 5 pick recommendations based on the latest matchup data, Vegas odds, and public picking trends. The result? Since 2017, on average, more than 30 percent of our subscribers have reported winning a survivor pool every year.We invite you to give the product a try for free, and good luck in your survivor pools in Week 5!FREE TRIAL OFFER: Sporting News readers can get a free three-day premium trial to TeamRankings, including game predictions, betting picks, and customized picks for pick ’em and survivor pools. Claim your free trial now!last_img read more

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