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Showing posts with label 2017 at 01:53AM. Show all posts
Showing posts with label 2017 at 01:53AM. Show all posts

Thursday, July 6, 2017

#CorpGov Bulletin

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ethicalboardroom.com ByJane Valls – Executive Director, GCC Board Directors Institute “Behavioural psychologists and organisational earning experts agree that people and organisations cannot learn without feedback. No …

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Thursday, June 8, 2017

Computer Vision News for the Algorithm Community – Magazine of June (with codes!)

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This is Computer Vision News of June, published by RSIP Vision, with 38 pages of exclusive content about computer vision, artificial intelligence, deep learning and image processing – with codes! It’s free for everyone to read and subscribe.
This month, don’t miss a great review of the Mask R-CNN research by the Facebook Artificial Intelligence group (FAIR).
As one of our engineers said: “It’s one of those works that people will talk about for years!”
Judge by yourself at page 4…
HTML5 version (recommended) ==> http://ift.tt/2rUyXvy
and PDF version ==> http://ift.tt/2sSvP0t
Enjoy!

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June 08, 2017 at 01:48AM

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from /u/Gletta

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AI in Education? Present Sir. (Part 1 of 2)

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AI in Education? Present Sir. (Part 1 of 2) submitted by /u/cloudirec
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June 08, 2017 at 01:48AM

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from /u/cloudirec

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Five Examples of AI Dominating Humans in the World of Gaming

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Five Examples of AI Dominating Humans in the World of Gaming submitted by /u/forcetalks
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June 08, 2017 at 01:48AM

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from /u/forcetalks

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#MalemaUncensored: More govt corruption will be exposed tomorrow – Independent Online

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Independent Online
#MalemaUncensored: More govt corruption will be exposed tomorrow
Independent Online
Johannesburg – EFF leader Julius Malema says he has had no interactions with the Gupta family and has never called them to ask for favours. He has promised to reveal more details on the millions of rands that have left government’s coffers illegally.
Tomorrow, we will reveal major Gupta-Zuma corruption, says MalemaCitizen

all 10 news articles »

June 08, 2017 at 01:48AM

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Sunday, June 4, 2017

A startup aiming to modernize the bond market has won backing from top Wall Street execs

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Bond trader

  • BondCliq, a startup launched by former Goldman Sachs executive Chris White, has won backing from former Goldman and BlackRock execs. 
  • The startup is aiming to become “the first central market system for the corporate bond market.”

Don Devine, a bond trading luminary who started his career at Goldman Sachs in the early 1980s, was in need of a gut check. He was weighing up an investment in a new bond market startup, but he’d left his last senior role on Wall Street almost a decade ago.

“I was worried that I missed something, and so I called around, and it was amazing to me that nothing had changed,” he told Business Insider. “It’s still about the same Bloomberg screen. Really?”

Devine decided to make the investment in BondCliq. In doing so, he teamed up with Steve Duncker, another former Goldman Sachs partner, former Blackrock executive Paul Faust, and financial technology venture capital investor ValueStream, and others. The firm is now halfway toward a $2 million second fundraising, having raised $700,000 in the autumn. And the startup has big ambitions. 

BondCliq is the brainchild of Chris White, the founder of former Goldman Sachs trading platform GSessions and CEO of market infrastructure consultancy ViableMkts. It has two main pillars: It offers a post-trade data visualization tool that helps make sense of real-time and historical bond trading data and plans to launch a pre-trade “consolidated quote platform” for corporate bonds.

unnamedIt has five funds signed up, including three of the top 15 by assets under management, and expects to have 75 buy-side users by the beginning of the fourth quarter.

“I opened it, and I was enthralled,” Devine said of the post-trade tool. “I have seen 100 of these things, and the reason I invested in this one is simple: I wish it had been around when I was a line trader, a manager, or running syndicate.”

This view was echoed by Duncker, who likened BondCliq to what Zillow is doing in the housing market. He said that if it’s possible to have an algorithm create accurate price estimates on homes, it should be possible to bring additional transparency to the bond market.  

The strategy for the pre-trade “consolidated quote platform” is based on market structure history. Nasdaq, the giant exchange group, started out in the 1970s as a bulletin board that centralized all market maker quotes for stocks. BondCliq is aiming to do that for the bond market, and become “the first central market system for the corporate bond market.”

The pre-trade platform has three dealers signed up to attribute quotes, and White hopes to have eight signed up when it launches towards the end of this year. The quotes aren’t actionable through BondCliq, but the quotes will be displayed with dealer identity and a ranking, to reward the dealers that provide accurate pre-trade information.

“If you think about large dealers, under the previous Dodd-Frank regime, the real hole in the market is in the less liquid securities,” Faust told Business Insider.

“You can trade large AB Inbev or Verizon positions very easily, and in size on electronic platforms, and know you’re getting efficient execution,” he said. “If the [BondCliq] pre-trade [platform] can be accomplished efficiently and gets rolled out, it really addresses the biggest hole, which is the second and third tier [of bonds], which is a very large percentage of trading volumes.”

“Like any of these things, you just need to get the snowball heading down the hill.”

To be sure, there are challenges ahead. Lots of well-funded bond trading startups have launched, only to fall by the wayside. Changing market participants’ behavior is difficult. And the biggest players arguably have a lot to lose from increased transparency and competition. Still, the investor group backing BondCliq are confident. 

“We certainly wouldn’t have invested if we didn’t think it could be a very significant outcome,” Karl Antle, managing partner at ValueStream, told Business Insider. “Do I think it could be worth a lot of money? Absolutely.”

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NOW WATCH: Trump is reportedly selling his Caribbean estate for $28 million — take a look inside

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June 04, 2017 at 01:43AM

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from Matt Turner

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Friday, June 2, 2017

Concealed carry permit bill sails through Finance Committee on way to House vote – The Progressive Pulse

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Concealed carry permit bill sails through Finance Committee on way to House vote
The Progressive Pulse
After a debate in the House Judiciary IV committee yesterday, House Bill 746 – which would eliminate the need for a permit to carry a concealed handgun in most circumstances – passed the House Finance committee this morning on its way to a full House …

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June 02, 2017 at 01:45AM

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BREMMER: ‘If you want a watershed moment beyond Trump’s inauguration, American withdrawal from the Paris Accord is it’

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Donald Trump

US President Donald Trump announced Thursday that he will pull the US out of the landmark Paris climate change agreement, following through with a key campaign promise.

“I don’t want anything to get in our way,” Trump said. “The US will withdraw from the Paris climate accord, but begin negotiations to reenter either the Paris accord, or a really entirely new transaction with terms that are fair to the United States.”

“We’re getting out, we’ll start to negotiate, and we will see if we can make a deal that’s fair,” he continued. “If we can, that’s great. If we can’t, that’s fine.”

This decision will have ramifications not only for climate change, but also for global governance.

The decision to leave the Paris accord, as well as the decision to pull out of Trans-Pacific Partnership and Trump’s recent trip to Europe, “reinforces the message that [President Trump] does not value international order,” Richard N. Haass, the president of the Council on Foreign Relations, said in a tweet.

“I’d say US leadership globally is now at its weakest since the Marshall Plan,” Ian Bremmer, president of Eurasia Group, told Business Insider via email. “There are many reasons for this beyond the American president [and] plenty of blame to go around: the rise of China, weakness of Europe — Brexit, Putin… But Trump’s abandonment of multilateralism and, more broadly, American values — at home and abroad — drives a spike in it.”

“If you want a watershed moment beyond Trump’s inauguration, American withdrawal from the Paris Accord is it,” he added. “Pax Americana is over. Nobody else is capable or willing to take its place (China’s not close). Welcome to the G-Zero.”

The term “G-Zero world,” coined by Bremmer and political scientist David F. Gordon, refers to a power-vacuum world in which “major powers set aside aspirations for global leadership — alone, coordinated, or otherwise — and look primarily inward for their policy priorities.” In this kind of environment, global governance institutions become confrontational hotspots, and, as a result, economic growth and efficiency slows. 

The Paris Agreement, which 195 nations signed in December 2015, set a global goal to keep the planet from warming by more than 1.5 degrees Celsius above preindustrial levels, a threshold that scientists say could keep the planet from launching into a tailspin of irreversible consequences, including unpredictable superstorms and crippling heat waves.

China, India, and the European Union all doubled down on their support of the deal and said they would lead the world in fighting climate change if the US wouldn’t. Experts have said the US exiting the accord could lead to a weakened agreement, either by other countries leaving or by not honestly reporting their carbon emissions.

“It does have broader implications when it comes to climate change in general, but it also means that the United States is increasingly growing into an isolationist position,” Gregory Daco, the chief US economist at Oxford Economist, told Business Insider ahead of the announcement. “And that will have implications when it comes to relationships on a geopolitical front, on an economic front, on a trade front.”

“[If] you think about the climate change issue, it’s very important for the United States to lead the way when it comes to climate change,” he continued. “It is one of the biggest economic powers out there and if China or other major economies see the US moving in the wrong direction in terms of climate change, I think it wouldn’t be a good sign for the other countries.”

SEE ALSO: An Ivy League professor explains chaos theory, the prisoner’s dilemma, and why math isn’t really boring

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NOW WATCH: Colonel Sanders’ nephew revealed the family’s secret recipe — here’s how to make KFC’s ‘original’ fried chicken

June 02, 2017 at 01:43AM

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from Elena Holodny

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