Expensive Apple for Google Add

Google paid Apple $20B for search

By Emma W. Thorne, Editor at LinkedIn News

Updated 3 hours ago

Google parent Alphabet paid Apple $20 billion in 2022 for Google to be the default search engine in the Safari web browser. That’s according to newly unsealed court documents in the Justice Department’s antitrust case against Google, which heads into closing arguments Thursday and Friday. The feds argue that Google has illegally dominated the online search market and its related advertising. The case has revealed exactly how much Apple relies on those payments from Google, which made up more than 17% of the iPhone maker’s 2020 operating income. A decision is expected later this year.

Meanwhile, Google is advocating for a change in immigration policy so the U.S. can attract more AI talent, The Verge reports.
The tech giant has just laid off 200 workers in its “Core” division, moving some jobs to India and Mexico.
Meanwhile, slower iPhone sales are expected to be a drag on Apple, as it gets set to report second quarter earnings Thursday.

Storyline feed updates

Marcus KingMarcus King• 3rd+• 3rd+Growing freelance and short-term opportunities.Growing freelance and short-term opportunities.

14h • 14h •Follow

Apple collects $20b annually from Google for search referrals. I don’t typically do math in public, but these newly released figures juxtaposed against existing datasets reveal astonishing insights:

– Google & Apple’s accord delivered Apple $20b in 2022, a 36% slice of the $55b Google earned from iPhone users.
– A 36% slice of anything is lofty – especially when you’re not providing a service in return. Compare that to AppStore (30%); Uber Eats (6-30%); AirBnB (<14%).
– AsiaPac, representing about 18% of Google’s business, therefore contributes up to $4b to Apple’s endowment.

These agreements kill innovation and make digital marketing more expensive and less accessible for small businesses.

Google’s Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show

bloomberg.com • 1 min read

99
24 comments
17 reposts

Thomas BushnellView Thomas Bushnell’s profile (He/Him) • 3rd+Staff Software Engineer

Walk me through the reasoning here. How exactly do “these agreements” kill innovation or make digital marketing more expensive?

If I recall the testimony correctly as reported in the press, Apple testified that it believed Google had a superior product. If it signed an agreement with a company that gave it more revenue, but had a weaker product, then we could certainly see it harming innovation. But Apple testified to the opposite.

Similarly, advertisers are bidding against other advertisers for placement. Of course, those ads are cheaper on less popular search engines. But they’re also less valuable. We can’t take the relatively cheaper ads on Bing and assume that if Apple partnered with Bing the same ad rates would continue: instead, advertisers would bid up the value of Bing ads proportionately to the perceived value of the increased visibility on iOS.

Now, we might argue that iOS would be better for its users if they had an easy and open choice of search engine, rather than a default with an annoying switching procedure. But that’s an argument that Apple is producing an inferior product; perhaps this means that Apple customers are being harmed. But I’m not clear how that harms advertisers.

Funny1Reply

Keith SpiveyView Keith Spivey’s profile • 3rd+Customer First Innovator – Change Agent – Digital Sherpa – Founder – Angel Investor

3h(edited)

This is like the stock market, GDP, or Employment Numbers.
When you peel back the cover page and understand how the results are calculated, it’s pretty bleak and GCP / Apple both don’t look nearly as healthy. Like 36% of 2022 GDP comprised of Gov Spending, or Unemployment excluding people who have “quit looking”…

hashtag#dothemath hashtag#detailsmatter

Why aren’t there “clawbacks” on CEO pay when people have to be fired to resolve their poor decisions?

Like9Reply

John BrockView John Brock’s profile (He/Him) • 3rd+Servant Leadership Driven Full Cycle Customer Success Management | Project Management | Strategic Account Management

We all need to stop anthropomorphizing Google. It’s just another organization with a cute and colorful name, out to make as much money and gain as much power as it possibly can to enrich the lives of leadership and investors and will do whatever it takes to reach that goal. Google is not the internet. Google is not the future of technology. Google absolutely does not own the moral high ground. Google is a faceless, legal entity, living only on paper, with an asymmetrical morality that reacts to internal and external threats, as organizations, particularly public ones are called to do, if they adhere to the type of pseudo religious capitalism that is dominantly practiced today. Further, it is very clear that working for Google and similar companies does not indicate intrinsic enlightenment or the achievement of a certain level of intellectually moral sophistication. Sorry folks, but it’s true. Finally, Google will never change, because it can never change, not in the way the term is meant in this context. Google will continue to “pivot” it’s moral code to meet the needs of it’s leadership and investors financial goals because that is what a pseudo religious capitalistic organization is designed to do.

Like1Reply

1 Reply1 Comment on John Brock’s comment

Brittany LeeView Brittany Lee’s profile (She/Her) • 3rd+Capital Partners

39m

John Brock Yes

Like1Reply

Vaughn HubbardView Vaughn Hubbard’s profile (He/Him) • 3rd+Bachelor of Arts – BA in Political Science at The University of New Mexico

Can’t afford to pay your employees to survive, but we can afford to drop $20 BILLION on influencing our search results.

Like10Reply

Damian RodriguezView Damian Rodriguez’s profile • 3rd+Programming Manager at TelevisaUnivision

17m

Smart move for Apple to get users to use safari! If Apple were to use Bing, I’m sure consumers would delete safari altogether and download Chrome.

Like1Reply

Bill DavisView Bill Davis’ profile • 2ndEnhancing beach, ocean, lake, river and stream conservation through more enlightened capitalism.

Big tech is an oiligopoly, https://www.investopedia.com/terms/o/oligopoly.asp

“An oligopoly is a type of market structure in which a small number of firms control the market. Where oligopolies exists, producers can indirectly or directly restrict output or prices to achieve higher returns. A key characteristic of an oligopoly is that no one firm can keep the others from having significant influence over the market. An oligopoly differs from a monopoly, in which one firm dominates a market.”

Oligopoly: Meaning and Characteristics in a Market

investopedia.com

Like6Reply

1 Reply1 Comment on Bill Davis’ comment

Cory R. Cox, MBAView Cory R. Cox, MBA’s profile • 2ndChief Officer: Commercial (CCO), Growth (CGO), Product (CPO), Revenue (CRO), Strategy (CSO) | Executive Vice President (EVP) & General Manager who leads Growth Transformations at 13.25% CMGR & Revenue from $0 to $350M

51m

Bill Davis Yup. And that which we don’t regulate, will always seek in a capitalist system to profit as much as possible. And restraint of trade is but one enabler. I loved my antitrust coursework at Texas McCombs School of Business. Hard stuff to study, but wildly cool to understand and process. I found an exam once on monopsony to be among the hardest I have ever taken. Along with some on the Uniform Commercial Code in Commercial Transactions Law. hashtag#law hashtag#study hashtag#school hashtag#university hashtag#class hashtag#businesslaw

LikeReply

Ann KingView Ann King’s profile (She/Her) • 3rd+Organizational Change Manager

59m

Small business, and especially micro business is the big looser in this for sure.

LikeReply

Aino KoskelaView Aino Koskela’s profile • 3rd+Interior Design Independent Contractor

I think Google is unduly influencing the market by paying huge sums of money to ensure its dominance in the market, thus limiting the space for other competitors to grow. It highlights the competitive and cooperative relationship between the giants in the technology industry and raises questions about the fairness of competition in the market.

Like3Reply

Katie WalshView Katie Walsh’s profile (She/Her) • 3rd+UX Designer | UX Researcher | Product Development Manager

29m

Everyone was using google search either way! very smart move for Apple!

LikeReply

Valeriana Colón, Ph.D.View Valeriana Colón, Ph.D.’s profile • 2ndFuture-proofing orgs with IT process innovation | Learning Scientist

Impressive analysis! This deep dive into Apple and Google’s financial arrangements really highlights the vast impact of such partnerships on the broader tech and marketing ecosystems.

Like6Reply

Donna RiordanView Donna Riordan’s profile • 3rd+Free Legal Advice & Counseling Services For Leon County Promise Zone & Low Income Residents

Then perhaps it’s time to start using other utilities, many of which are highlighted in this blog by Semrush.
https://www.semrush.com/blog/alternative-search-engines/

21 Search Engines Other Than Google (Best Alternatives in 2024)

semrush.com

LikeReply

Sean StitesView Sean Stites’ profile • 3rd+A rising tide raises all ships!

Evidently it is providing a service – access is a service now especially with the reach & loyalty of Apple (particularly amongst iPhone users).

Like1Reply

🇺🇸 Matt StormsView 🇺🇸 Matt Storms’ profile • 2ndSEO International Consultant – E-commerce Growth Marketing & SEO – fmr SEO Manager at TripAdvisor – U.S. Navy Veteran – Expert Witness

Time to short Apple stock, Google is gonna lose this case and Apple is gonna get hit in the bank.

Like1Reply

Sean StitesView Sean Stites’ profile • 3rd+A rising tide raises all ships!

P.S. and I am all for increased competition & small business gaining better access & leveraging it to innovate.

LikeReply

John BaniakView John Baniak’s profile • 3rd+Improvement in Life

Taking over and manipulating the public. Google’s mind control starts.

Like1Reply

Joe BrunnerView Joe Brunner’s profile • 2ndAffirmed Systems CEO, CLOUD ASSURE™

Bing is horrible. like opening a spyware page, copying all the ads and pasting it into Microsof Word. That is how horrible the results look in Bing. Consumers benefited from this – think of the billions of hours saved not clicking on junk links to find something?

LikeReply

Lorraine NobleView Lorraine Noble’s profile (She/Her) • 3rd+Seasoned Customer Service Professional

Incoming question from less than impressed by AI trend. What does it say about US education system that Google need to search for skilled talent from India and Mexico?

Like1Reply

Dave PennyView Dave Penny’s profile • 3rd+VP of Partner Solutions

Sounds like a fair deal

Like1Reply

Ronnie NjangView Ronnie Njang’s profile • 3rd+Building a one-person local business newsletter and sharing my progress along the way.

Sounds like gret business to me.

LikeReply

Norman RaglandView Norman Ragland’s profile • 3rd+Director of Product Management at Observint Technologies

The Beast
😄

LikeReplyShow 2 more comments

Visit my website 3h • 3h •Follow

Did you know that Alphabet paid Apple a whopping $20 billion in 2022? This revenue share secures Google as the default search engine in Safari. As investors, it’s important to keep a close eye on these tech giants. Microsoft is currently ahead of Apple in AI, integrating AI capabilities into its products, and courting Google to make Bing the default browser.

Meanwhile, Apple’s changes to its App Store policies in Europe, aimed at complying with the EU Digital Markets Act, may negatively impact its services revenue. Additionally, the potential antitrust lawsuit by the Department of Justice, also focused on the App Store, could further pressure Apple’s business and financial results.

With this battle brewing, which search engine would you rather have on your smartphone? Google or Bing? Share your thoughts in the comments below!

#LITrendingTopics #technology #investing #FinancialAdvisor

Google paid Apple $20B for search

The case revealed exactly how much Apple relies on those payments from Google, which made up more than 17% of the iPhone maker’s 2020 operating income.View news story

4
2 comments
1 repost

Jason Ong 王励德 🇸🇬Jason Ong 王励德 🇸🇬• 3rd+• 3rd+Head of Customer Relations – CRM & Data Insights/Partnerships/Digital Transformation/ Strategist/SpeakerHead of Customer Relations – CRM & Data Insights/Partnerships/Digital Transformation/ Strategist/Speaker

10h • 10h •Follow

The global layoff trend is accelerating, with wave after wave. Even core teams or talents are not spared. Why are they not re-deployed to other roles if they are core talents?

Well, it seems like having the right skills and knowledge are no longer enough. The person must also come with a cheaper price tag.

Global companies are now laying off some higher costs employees to recruit similar talents in cheaper markets. Does it mean companies are no longer willing to pay for talents?

Challenging times. If such a trend indeed becomes more prevalent, the impact is huge. Firstly, upskilling must follow with salary downsizing or else the person will still be not competitive as some of the employers are now hiring base on price? Secondly, taking on MBA is no longer favourable as it increase the person’s price tag? Thirdly, as core talents get more experience with age and more expensive with promotion and annual increment, they are moving on a higher layoff risk? The list of questions can be a long one as existing norms are being challenged.

Connect with me and stay tuned. The future of work indeed is steering in all directions with major global business players setting new precedence that smaller businesses may follow. The sentence, “talents don’t come cheap”, must now be changed.

#layoff #talentretention #futureofworktrends #futureofwork

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

28
7 comments
5 reposts

Albert FongAlbert Fong• 2nd• 2ndProduct Marketing Leader & AdvisorProduct Marketing Leader & Advisor

12h • 12h •Follow

The tech industry’s approach to AI talent doesn’t compute. Citing a talent shortage, Google is urging the U.S. Department of Labor to amend immigration laws to make it easier to hire AI talent. Regardless of whether you support rules to attract talent, the timing is questionable considering the company’s recent layoffs of 12,000 workers.

Well, that’s a big ‘How do you do’. Google’s request taps into a lesser-known immigration process called Schedule A, which expedites work visas for foreign workers in occupations facing certified U.S. labor shortages. At a high-level, Google is pushing for an expansion of the Schedule A list to include fields like AI and cybersecurity. The company argues these are areas where they struggle to find enough qualified U.S. candidates to match their ambitious goals.

They’re scrambling more than eggs. The race for top AI talent is intense, and we’ve seen Microsoft, OpenAI, Meta, Amazon and of course, Google all running around like headless chickens to find AI talent to keep the sky from falling. No doubt, the potential of AI and its impact on humanity is significant. But in the search for AI relevance and dominance, many of the decisions coming from the tech industry these days seem more impulsive rather than strategic.

To be or not to be, bad timing trumps all. From a pure optics standpoint, Google’s request feels ill-timed especially given how the company has continued to downsize its own workforce. Here’s the other issue that plenty of critics will undoubtedly call out: employee upskilling and training. Just about every major AI player in the tech industry (many of which are reporting gangbuster earnings) has used similar talking points stressing the importance of developing employees to take advantage of the AI future. Unfortunately, seeing is believing and thus far, these companies have been better at preaching than doing. At a time when many human workers are concerned about the negative impact of AI on jobs and their well-being, the actions of those in the tech industry have only served to further heighten these anxieties.

There’s no arguing that immigration is a key component to our economic growth. With a worker shortage that will only get worse over the next several decades due to declining birth rates and an aging workforce, pro-immigration policies will only become more critical. But when tech companies are shedding so many tech workers, requesting that the government ease policies because it’s hard to hire AI talent seems disingenuous if not hypocritical https://lnkd.in/g3fB8KPR #google #alphabet #immigration #artificialintelligence #cybersecurity #talent #hiring #workforce #unitedstates

Google urges US to update immigration rules to attract more AI talent

theverge.com • 3 min read

17
2 comments
1 repost

Karan BhatiaKaran Bhatia• 2nd• 2ndGlobal Head of Government Affairs & Public Policy at GoogleGlobal Head of Government Affairs & Public Policy at Google

18h • 18h •Follow

Access to the world’s best talent is going to be a key determinant of success in the AI-driven global economy. America’s cumbersome high-skilled immigration system remains a drag on its AI leadership. That’s why we’re encouraging the Department of Labor to move quickly to modernize its policies to better attract high-skilled workers, especially in fields like AI and cybersecurity. Read more in The Verge ↓

Google urges US to update immigration rules to attract more AI talent

theverge.com • 3 min read

22h • 22h •Follow

🚀💡 Are you ready to dive into the future of tech talent wars? 🌟

Google is pushing for change in U.S. immigration policies to include AI and cybersecurity pros in Schedule A occupations. 🤖🔒

The industry is hungry for AI specialists, with SpaceX even facing a lawsuit for alleged employment discrimination. 💰💼

The battle for top talent is on fire, with offers hitting the $1 million mark and companies like Meta going all-in to snag the best without interviews. 🌐💥

Let’s see where this high-stakes game leads us next!

https://lnkd.in/grF5D4mM

#TechTalent #AI #Cybersecurity #Innovation #FutureOfWork

Google is dealing with an AI talent shortage — and wants the U.S. to change immigration policy to fix it

qz.com • 3 min read

2
2 comments

Ryan DuerRyan Duer• 3rd+• 3rd+Software Engineer – Frontend – Full Stack – React – JS – Typescript – CSS3 – Node – REST- Mongodb – Passionate about a11y development, ensuring the web is accessible for all users 🫶♿Software Engineer – Frontend – Full Stack – React – JS – Typescript – CSS3 – Node – REST- Mongodb – Passionate about a11y development, ensuring the web is accessible for all users 🫶♿

23h • 23h •Follow

Forget “AI is taking our jobs”. The biggest issue I’m facing as a Software Engineer looking for work is this. It wasn’t okay when it happened in manufacturing and it’s not okay now.

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

27
12 comments
2 reposts

Open Emoji Keyboard

Jennifer EliasJennifer Elias• 2nd• 2ndTech Reporter at CNBC.comTech Reporter at CNBC.com

1d • 1d •Follow

Just ahead of its blowout first-quarter earnings report last week, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, we’ve learned.

Google’s Core unit is responsible for building the technical foundation behind the company’s flagship products and protecting users’ online safety, according to Google’s website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers and various engineering roles.

“Announcements of this sort may leave many of you feeling uncertain or frustrated,” Asim Husain, vice president of Google Developer Ecosystem, wrote in an email to his team last week.

Even with digital advertising rebounding in the past couple quarters, Alphabet has continued downsizing, with layoffs across multiple organizations this year.

Prabhakar Raghavan, Google’s senior vice president overseeing search, recently referenced heightened competition, a more challenging regulatory environment and slower organic growth as the company’s “new operating reality.”

Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico

cnbc.com • 1 min read

Riccardo SchiavoniView Riccardo Schiavoni’s profile • 3rd+MS | Software Engineer

23h

Google went from being the plalce where technology beyond imagination was built, to being a factory of disappointments 😦

Like21Reply

Vaughn HubbardView Vaughn Hubbard’s profile (He/Him) • 3rd+Bachelor of Arts – BA in Political Science at The University of New Mexico

19h

“If you don’t let a billionaire pay you pennies for your work that billionaire will take his beneficence to another nation, so it’s not possible to pay you more! Billionaires first!”
‘Okay, I let the billionaire pay me pennies for doing his work while sat in the office and spun in a chair. What’s my reward?’
“Your job has been relocated to India anyway, enjoy unemployment!”

Like8Reply

Lorne RogersView Lorne Rogers’ profile (He/Him) • 2ndManagement Consultant | Programme Manager | Solutions/Enterprise Architect | Technology Advisory

“Wooohooo! Our 1st quarter financials were GREAT!”

“That’s awesome boss! That means our executive bonuses will be even bigger! What should we do to celebrate?”

“Oh! I know! Let’s strip a few hundred more people and families of their livelihoods!”

“Heyyyyy, that’s a fabulous idea! Then we can re-route the money we were paying them to our bonuses!”

🤑 🤑

Like3Reply

Dave GoodmanView Dave Goodman’s profile • 3rd+Enterprise Product Owner

This is reminicent of Disney laying off its employees and replacing them with foreign workers on H-1B visas. Similar practice in their theme parks with low wage workers. There was, at the time, widespread criticism from workers, labor advocates, and certain politicians, who accused Disney of prioritizing cost-cutting measures over the welfare of American workers and their livelihoods.

Today, there exists a real malaise among the American workforce, a mix of entitlement attitudes, demand for pay in excess of real self worth and poor overall productivity. Highly educated foreign workers, who often endured rigorous conditions and limited opportunities for advancement in their home countries, are willing to accept lower wages in the United States in pursuit of a better quality of life. This phenomenon is by no means novel; it echoes historical patterns of exploitation seen in industries such as technology, reminiscent of the labor practices during the industrial revolution.

Like3Reply

Andy W.View Andy W.’s profile (They/Them) • 3rd+Fractional Human

22h

I’ve lost count of the number of times I’ve heard these arguments before someone outsourced something critical. This story only has one ending and it’s not unicorns and rainbows. Unless you’re sitting on a pile of stock options that is.

Like21Reply

3 Replies3 Replies on Andy W.’s commentLoad previous repliesLoad previous replies on Andy W.’s comment

Kevin InocetoView Kevin Inoceto’s profile • 3rd+Sr. Manufacturing Engineering Technician

21h

Michal Pěček Surprise!

Like2Reply

Rachanaa SharrmaView Rachanaa Sharrma’s profile (She/Her) • 3rd+𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 & 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 | 𝗦𝗮𝗹𝗲𝘀 | 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁◾️Automotive, Real Estate & Renewable Energy sectors◾️Grew sales by 300% through aggressive GTM Strategies

It’s always disheartening to hear about layoffs, especially in such critical technical roles. The restructuring and shifting of roles to different locations reflect the ever-evolving nature of technology companies like Google. The reasons cited by Prabhakar Raghavan for these changes—heightened competition, regulatory challenges, and slower growth—underscore the complex landscape that Google and other tech giants navigate. It’s important for companies to adapt to changing circumstances, but it’s equally important to support affected employees during such transitions.

LikeReply

Beverly A.View Beverly A.’s profile (She/Her) • 3rd+“🌟 A Futurist who is working to bring solutions and address the needs of people around the world. Advocate for creating unique personal data ownership valuation practices. Working to personalize intrinsic data economies

21h

This is an example of poor leadership that is protecting his role and not considering the lives of those he is letting go.

Like11Reply

Florin P.View Florin P.’s profile • 3rd+EMI/EMC • Lightning • HIRF • Avionics • RF

Don’t look back, folks.
The talented people leaving it will survive… do not lose hope.
Some companies, it seems, grow too old and too large for the times…

LikeReply

Mark Anthony GermanosView Mark Anthony Germanos’ profile (Professor, Computer Guy) • 2ndI go into networks and audit the network security, or lack of security… I have seen a lot. I work with you to improve your security, create your disaster recovery plan and make things work faster.

Transferring tech jobs from the US to Mexico and India. BTW, how is Alphabet stock doing? Ah yes, up 12% in 5 days.

Like1Reply

Pete DeuelView Pete Deuel’s profile • 3rd+Automation Solutions Engineer | Expert Technologist | Full Stack Troubleshooter | Long-time Netizen

23h

It seems the business plan is labor market arbitrage on the premise that all tech workers are fungible. And then with the cost savings in pocket, they will ___________
<Match Game Thinking Cue music>

Like2ReplyShow 9 more comments

Matt TurnerMatt Turner• 2nd• 2ndDeputy Editor-in-Chief at Business InsiderDeputy Editor-in-Chief at Business Insider

1d • 1d •Follow

Google wants the US to change immigration rules to help it hire AI talent.

It told the US Department of Labor that the list of roles considered scarce must be broadened. The company said its need for AI roles will “increase significantly” in the coming years.

Hugh Langley reports.

Google says immigration rules are making it hard to hire top AI talent

businessinsider.com

13
3 reposts

African Startups Not Celebrating the New Year 2024

Said El Mansour Cherkaoui December 31, 2023

How many startups fail in USA?

Approximately 10% of startups fail within the first year. According to the United States Bureau of Labor Statistics, the startup failure rate increases over time, and the most significant percentage of businesses that fail are younger than 10 years. Over the long run, 90% of startups fail.

Startup ★ Stars ★ Stages

Said El Mansour Cherkaoui March 22, 2022

DoorDash founders’ fortunes Founded6/10/2022 Diners globally are increasingly hungry to leave their homes and go … Read More

All but the most promising and well-run VC-backed startups struggled to raise funding as venture capital investors became much more selective than they were just a few years ago. As a result, startups that weren’t yet able to sustain their operations without additional funding ran out of money and closed up shop.

Africa Dismay and Startup Going Down

VC funding in the African startup ecosystem has steadily declined in 2023, causing experts to worry about the future of the once fast-growing sector.
With fewer investors willing to bet on the continent during the tech downturn, the funding crunch has triggered mass layoffs, slashed valuations, and the liquidation of several African startups.
Recent news reports of mismanagement and fraud have impacted investor perception, leading to increased scrutiny and demand for credibility from local and global investors.

The funding crunch has already caused several casualties. Since the beginning of the year, at least 10 African startups.

2023 has been a difficult year for African startups. The global economic downturn has led to a decrease in venture capital funding for startups worldwide, including African startups. Funding for African startups has dropped significantly, with estimates suggesting a decline of 50% or more compared to 2022.

Other reasons for the shutdown of African startups in 2023 include:

Fewer investors willing to bet on the continent
Mass layoffs
Slashed valuations
Liquidation of several African startups
Fund mismanagement
Unfavorable market conditions
Challenges associated with certain business models
Lack of liquidity in the market
Difficulties startups use to regularly raising capital
Inability to convince investors

Other challenges that impact the success of startups in Sub-Saharan Africa include: Infrastructure deficits, Regulatory obstacles, Limited mentorship, Frugality issues, Inadequate marketing and branding. The absence of internet connection is also a factor in limiting the expansion of E-commerce and other business online transactions. This is not just in the rural areas but also in the cities.

Some notable African startups that shut down in 2023 include:

HytchA Nigerian B2B logistic platform that shut down because it “couldn’t raise [funding] and couldn’t sustain the business with just the money [it was] making”
OkadaBooksA Nigerian digital publishing platform that shut down due to unspecified “insurmountable challenges”
DashA Ghanaian payments startup that folded in October amid allegations of financial impropriety and false reporting

TOP TEN African Startups Not Celebrating the New Year 2024

Sub-Saharan Africa faces unique challenges that impact the success of startups. An article published on Medium in April 2023 outlines these challenges, including a lack of funding, infrastructure deficits, regulatory obstacles, limited mentorship, frugality issues, and inadequate marketing and branding.

Sendy: In August, Kenyan end-to-end fulfillment startup Sendy shut down operations and announced a fire sale of assets (it didn’t call it that), with reports saying reduced order volumes and fuel price hikes meant it was making deliveries at a loss, and had a monthly burn rate of US$1 million. Sendy raised US$20 million in capital as recently as January 2020, but in the current climate further funding was not to be found.

54gene: 54gene, a genomics research company that had raised US$45 million across three funding rounds, revealed in September that it had started winding down its operations. 54gene, which has had three CEOs in the last 12 months.

Dash: Ghanaian payments startup Dash, founded in 2019, had raised a whopping US$86 million, but folded in October amid allegations of financial impropriety and false reporting.

WhereIsMyTransport: South African mobility startup WhereIsMyTransport, bankrolled to the tune of over US$27 million by investors such as Naspers in recent years, announced it was closing down in October after failing to secure more investment.

Lazerpay: In April, Lazerpay, a Nigerian crypto and web3 company, confirmed it was shutting down operations after failing to raise additional funding. The startup had laid off some employees last year after the proposed lead investor for its seed round withdrew due to the “market conditions and disagreement on terms”.

Zumi: Kenyan B2B e-commerce startup Zumi announced in March it had closed down after failing to secure the necessary funding to continue operations. Launched in 2016, Zumi began life as a female-focused digital magazine, before pivoting into e-commerce in 2020. According to co-founder and CEO William McCarren, the startup achieved over US$20 million in sales, acquired 5,000 customers, and built a team of 150 people, but closed after failing to secure investment.

Zazuu: Last month, Zazuu, a London-based marketplace for African remittance companies that and raised more than US$2 million in total funding, also shut down, also citing a lack of funding.

Hytch: In February, Nigerian logistics startup Hytch confirmed it had shut down barely nine months after launch.

Okada Books: Nigeria’s Okada Books, founded in 2013 and a pioneer in digital publishing and bookselling, closed down last month, citing rough macroeconomic conditions.

Pivo: Formed by Ijeoma Akwiwu and Nkiru Amadi-Emina in July 2021 and launched in public beta in September, Pivo offered banking services to small supply chain businesses, and raised a US$2 million seed round a little over a year ago. It, too, has now closed its doors, though by all accounts founder conflict also played a part.

Copia: Kenyan e-commerce company Copia, which raised US$50 million Series C funding last year, announced it was pulling out of Uganda, “consistent with many of the best companies in Africa and across the world which are responding to the market environment and prioritising profit.”

MarketForce: Another Kenyan retail-tech startup, MarketForce, is also facing challenges. The company raised US$40 million in funding in February of last year, back in the boom times, but stunningly, certain VCs that had committed funds backed out. In all, US$8 million of that capital was never wired. MarketForce has struggled to raise more capital, announced a bunch of layoffs, and recently turned to crowdfunding to get some cash in the bank.

Twiga Foods: Twiga Foods, a platform that connects Kenyan farmers to food vendors, recently secured undisclosed funding as part of a business refinancing process, just weeks after facing a KES40 million (USD 262,000) debt collection lawsuit. Twiga secured the new funding from Creadev, Juven, TLcom Capital Partners, and DOB Equity, investors that participated in the US$50 million Series C round it raised in 2021.

Paystack: Nigerian payments company Paystack, acquired by Stripe in 2020, has been steadily growing its geographical presence since then, but is now taking a step back. The company announced last month it had reduced its operations outside of Africa, cutting its workforce in Europe and Dubai.

Various sources and documentation were used in this article. Corresponding references are listed in the text of this article as links to connect to for further indications.

Morocco and the Global Auto Industry

Originally published and posted on May 16, 2023 and Updated on October 9, 2023 – 10/30/23

Said El Mansour Cherkaoui • You •

International Affairs Analyst

saidcherkaoui@triconsultingkyoto.com – https://triconsultingkyoto.com

Morocco Made Automotive Drives and Strives

Nassim Belkhayat

October Month World-Class Executive

Nassim Belkhayat is an Active Member of the World-Class EcoSystem with his Innovative 100% Moroccan Driving Machine NEO MOTORS; he is also One of our First Member at our Group: African Moroccan Diaspora: World Class Executives.

Proud to count Nassim Belkhayat among peers and acquaintances of African Moroccan Diaspora: World Class Executives.

In the Name of our Group and moroccodigitall.com News Report Staff, we address to you our Congratulations for your continual progress and achievement toward reaching the peak of success for the Automobile Marocana “NEO MOTORS” MADE IN MOROCCO

• 6 months up to today date 5/1 mo •

Automotive Industry: Regional Versus International Strategy

N.B.: Frontpage picture of the Blue Car in the First Floor Parking taken by Said El Mansour Cherkaoui The continual globalization of the automotive industry is actually tested by internal and multipolar competition as well as international reconfiguration of the relationship between North and Southern economies imposing the selection of models that are low-cost models, competitively priced, produced in large scale and closer to the market of their final demands. … Continue reading

MAN Genius and NAMX HydroGenius

Said El Mansour Cherkaoui 6 months ago 7 min read more at this:

MAN Genius and NAMX HydroGenius

Editor Desk 🌎 Update and Initial Publications: 11/24/2022 – 7/12/2022 – 6/8/2022 – 5/30/2022 🌍 ★ Analyst World … Continue reading MAN Genius and NAMX HydroGenius

Automotive Industry: World Perspectives

Editor Desk … Continue reading Automotive Industry: World Perspectives – SUPPORT AFRICA MOROCCO DIGITALL

SUPPORT MOROCCO DIGITALL

No alternative text description for this image — ***CARING / CARRYING GIFTS OF ***NAMX*** INNOVATION***

Faouzi ANNAJAH
Thomas DE LUSSAC
Said Cherkaoui

Walk Baby Walk on the Wild Side of the Street that Never Sleeps
Walk and Talk Baby Next will be NamX driving Broadway
Walk Baby Walk on the Bitumen Talk to Get Tunes Men
Don’t Just Hit the Road Jack Hit the Road Najah
Come Back Again when the Answer is in the Wind
Drive From New York to Frisco Bay
While Singing I Did it My Way
Here I come Here I Go, I Got You Baby Under my Skin
I Got you Happy and I Got You Baby like my Dream
Rock the Casbah from the Land of Renault to Fremont
Roll over Beethoven I am Driving the Clouds from Morocco to California Land
Go Faouzi Go Faouzi Go Go Be Good

by Said El Mansour Cherkaoui
saidcherkaoui@triconsultingkyoto.com

#greenenergy #renewableenergy #hydrogène #hydrogen #car #automotiveindustry #automobile #carindustry #clouds #like #namx #saidelmansourcherkaoui #france #innovation

Faouzi ANNAJAH • 1st• 1st CEO & Founder at NamXCEO & Founder at NamX

6mo • up to today 5/16/2023 •

Next level 🇺🇸
CapX innovation in NYC.
NamX is more than a car company… See you later for the next milestones.
#namx #capx #hydrogen #capsule #futureofmobility

Said El Mansour Cherkaoui Publications on NamX

Hydrogen Utility Vehicule Named NamX

Sky is the Limit: NAMX Hydrogenius

DESIGN PININFARINAMAX HUV

LE MATIN qui Révolutionne le Plagiat et le Déni a Outrance

A series of articles and analyzes on the continual globalization of the automotive industry which is tested by internal and multipolar competition as well as international imposing the is looking not only for new outlets but above all for new production methods, new locations and other supplies and a dowser by equipment manufacturers. This new composition of the automobile industry was and continues to be guided by the realization of productions relatively less expensive and more competitive than the international scales.

Thus globalization and the integration of advanced robotic production techniques have allowed the relocation of car manufacturing companies without having to adapt to the cultural environment or the local operational conditions or even the degree of development of the place, region and country where the car producers settled.

The profit margin achieved is increased by the reduction of wage costs, the rolling of the rights and social benefits given to the workers are supplemented by favors and facilities granted by the host country which play the role of magnet of attraction for the automobile manufacturers.

The second challenge is internal and specific to the emergence of electric cars which have managed to establish themselves as a serious alternative to traditional models using gasoline or diesel as fuel. Thus, the global automotive industry is currently distinguished by an international and national strategy characterized by change and continuity

Une série d’articles et d’analyses sur la globalisation continuelle de l’industrie automobile qui est mise à l’épreuve par une concurrence interne et multipolaire ainsi que internationale imposant la recherche non seulement de nouveaux débouchés mais surtout de nouvelles méthodes de productions, de nouvelles localisations et autres approvisionnement et un sourcier par des équipementiers. Cette composition nouvelle de l’industrie automobile fut et continue d’etre guidée par la réalisation de productions relativement moins coûteuses et plus compétitive que les barèmes internationaux.

Ainsi la globalisation et l’intégration de techniques robotiques avancées de production ont permis la relocalisation des entreprises de fabrication de voitures et cela sans avoir a s’adapter a l’environnement culturel ou les conditions locales opérationnelles ou même le degré de développement du lieu, de la région et du pays ou s’installaient les producteurs de voitures.

La marge de profit réalisée est accrue par la réduction des coûts salariaux, le laminage des droits et des bénéfices sociaux accordés aux travailleurs sont complétés par des faveurs et des facilités octroyées par le pays hôte qui jouent le rôle d’aimant d’attractivité pour les constructeurs d’automobile.

Le second défi est d’ordre interne et propre a l’Émergence de voitures électriques qui sont arrives a s’imposer comme une alternative sérieuse aux modèles traditionnels utilisant l’essence ou le diesel comme carburant. Ainsi, l’industrie automobile global se distingue actuellement par une stratégie internationale et nationale caractérisée par le changement et la continuité

Tesla’s tactic of pruning back prices this year is beginning to bear fruit. The electric vehicle maker enjoyed a five percent sales increase in the first quarter and delivered a record 422,875 vehicles, which was just below Wall Street’s estimates. The company has addressed the long waits — typically driven by limited production capabilities — that have often marked the buying experience by ramping up outputs at plants in Austin, Texas, and in Germany. Still, some analysts are concerned about whether Tesla can maintain the growth without further price cuts.

Tesla’s first quarter deliveries represent a 36% increase compared to the same period last year and 4% more than its previous quarter. Its previous delivery record was roughly 405,000 cars in one quarter.
Tesla recently issued a recall for 35 of its electric Semis over a faulty parking brake.
The company is also facing a probe from the National Highway and Traffic Safety Administration over malfunctioning seat belts.
Tesla shares fell as much as 5% Monday morning.

Trilogie sur un Quadricycle: Citroën Ami au Maroc

Présentation d’une trilogie que j’ai rédigé et traduit aussi en Français sur ce Tricycle – Auto Citroën Ami Citroën Ami…

Citroën Ami in USA: Quadricycle ou EV?

En tant que Nord-Américain, il y a quelque chose à propos de la Citroën Ami qui n’a tout simplement pas de sens. Pourquoi avoir un véhicule qui n’est pas assez grand pour faire des choses en voiture et qui n’est pas assez petit pour faire des choses à vélo ? Tout le monde, cependant, comprend les … Continuer de lire

No Ami No Ennemi Just Profit: Citroën Ami more Expensive in Morocco than France ?

Citroën Ami for Postal Workers June 14, 2022 – Said El Mansour Cherkaoui, Ph.D. Le Changement dans la Continuité du… JUN 15, 2022

Citroën Ami for Postal Workers

No Ami No Ennemi Just Profit: Citroën Ami more Expensive in Morocco than France ? I am your Friend in… JUN 14, 2022

Renault Digital

Renault Group1,083,410 followers • Renault Digital organized last week at Viva Technology the “DIY #Robocars France-Grand Prix Renault Digital”: a unique tournament with autonomous scale-model cars. … Continue reading

Renault Digital Calculated Moves with Qualcomm

February 14, 2022 admin JAN 4, 2022 LAS VEGAS Three key digital themes Connected traveler Autonomous vehicles Digitizing…

Renault Gagne la partie sur la Terre Battue du Terrain Marocain

June 7, 2022 admin

Renault Tangier Med: Winning the Game in the Road to Morocco

June 6, 2022 admin – Renault Tanger Med : Gagner la partie sur la route du Maroc Internationalisation de…

Invest in Morocco – Renault

Investing in Morocco – Opportunities for growth and a dynamic environment to do business Bridge to Europe, Bridge to Europe, Gateway to Africa, Gateway to Africa and the Door to the Mediterranean Portal for the Mediterranean and Window to the Atlantic. To find out more Morocco Initially, there was the Emergence Plan, initiated following … Lire la suite « Invest in Morocco – Renault »

Morocco – Auto-mobility – Digitech – Logistics

February 9, 2022 admin Showroom Vroom Renault ★ Nissan MOROCCO TODAY Tech Industrialization Despite the semiconductors’ global shortage,…

Tesla Motors

April 2, 2022 admin Said El Mansour Cherkaoui Publications on Tesla Tesla Transfermotion Mis en avant Tesla Global Car…

Le Maroc Numérique et l’Intégration Régionale et Internationale

March 1, 2022 admin – Published on January 16, 2018 Edit article View stats Said El Mansour Cherkaoui, Ph.D.★…

BAGNOLE CHERKAOUI

Websites Social Media Groups Pages of Said El Mansour Cherkaoui

Dr. Said El Mansour Cherkaoui Links of Web and Social Media Sites

Tesla Model Y & Model 3

Tesla Top Made in USA

TOYOTA TAKEOVER

For the first time since 1931, G.M. has been outsold in the U.S. by Toyota. Both companies sold over two million vehicles.

TOYOTA TAKEOVER: For the first time since 1931, G.M. has been outsold in the U.S. by Toyota. Both companies sold over two million vehicles. pic.twitter.com/KaYifVznd4
— CBS Evening News (@CBSEveningNews) January 5, 2022

BMW Robotechuman Assembly Line

An assembly line is a production process that breaks the manufacture of a good into steps that are completed in a pre-defined sequence. Assembly lines are the most commonly used method in the mass production of products. They reduce labor costs because unskilled workers are trained to perform specific tasks.

New World Economic Individualization

New World Economic Individualization

End of Globalization by the Acceptation of State Subsidization

National Security, Supply-Chain Resiliency and Technology Leadership.

Emergence of World Economic Individualization,
International Financial Diversification in Electricity, Fuels, Transportation, Buildings, and Manufacturing sectors,
Instability and Reconcentration of Banking Industry,
Diversification of Direct Intervention of State
Internationalization of Stabilization Policies: Final End of Nation – State,
Build up of Arm Racing and Regional Military Integration

New World Economic Individualization: National Security, Supply-Chain Resiliency and Technology Leadership

Direct confrontation has never solved anything besides selling weapons and creating a memory of fears that keep buying weapons as a way to reduce the impact of the obsession on new conflicts. It is a vicious circle that nourishes the beast whatever the season or the space.

The beast of conflict does not hibernate and keeps inflicting more damage on the Beast mind like on human relationships, spreading the sickness and the contaminating disease of fears and conflictual hallucinations even in the most quiet corners of this world.

Rise of Global Economic Individualization, Conducive Causes and “self-justification” for the Russian Reaction

Volodymyr Oleksandrovych Zelenskyy is a Ukrainian politician and former comedian and actor who has served as the sixth and current president of Ukraine since 2019. Born to a Ukrainian Jewish family, Zelenskyy grew up as a native Russian speaker in Kryvyi Rih, a major city of Dnipropetrovsk Oblast in central Ukraine. Wikipedia

Before implementing the strategy and the campaign of Public Relation through video conferencing, meeting with news outlets, speaking to elected officials, to Presidents and Parliaments including the Congress and have reporters showing him in the bunkers and in the field, the Ukrainian President was described as self-centered and maniac, made by the interests of foreign and international groups selling Ukraine to the wrong clients and to the wrong side of the interests of Ukrainian regional and transborder Brother in culture and history that is Russia. He was a little lawyer unknown, defeated by others and rising to prominence through foreign intervention and propaganda to topple the democratically elected previous president and managed with their help and intelligence to evict all the guards that identify their traditions and history in their multi centuries relationship with Russia.

IHe is profiled as a little actor and comedian without success in movies who found a new stage with a script prepared for him and customized with West European fabrics and weaving that was tailored by Technocrats and Elites parachuted and formed by the Western Fashionable Societies as their robots and Artificial Intelligence embedded in a traditional society with Russian roots and infiltrated in Ukraine as model of success and window show of Western European modernity and advancement to lure Ukrainian from their traditional ties with their Eastern neighbor and living customs.

Globalization of Western Style and Alienation of Local Culture

An effect of demonstration with propaganda and marketing oriented strategy putting an emphasis on the Westernized Style of Freedom and Mass Consumption was carried out to impose an alculturation policy, neutralize local principles of solidarity and destroy regional share of same cultural identity. Many former members of the Soviet Union have been the theater of such cultural clashes and strategic plays and invasions scripted toward crippling local and regional identities and instill global ways and means of consumption and behaviors. The advance of technology was also in fact stimulated by such aims and objectives which was called globalization and liberalism at the level of economic principles and manifestation as well as change in the policy of countries who have adopted such reforms.

These structural recommendations were based on the strategies imposed as conditionality by international financial institutions for the integration of developing countries in the international financial market. The implementation of such liberal policies were the only way to access foreign funding and international credit lines or even to be listed in the Stock markets. Such international capital was needed as investments for local, regional and national projects that responded to the needs to enhance attractiveness and build infrastructure to effectively respond to the demands of foreign investors and international conglomerates.

The nature of these global groups is not to have nationality in terms of belonging to a given country given that their vision and approach cover operations around the entire world. With such ability to choose their own location around the world in accordance with their best interests, they have the luxury to request and impose the financing by local entities and states of all the improvements for the installation of their facilities and their factories in a given country. These conditions are made in addition to incentives and other benefits they receive as rewards to finalize their choice including the control of the social movements and demands by the workers to keep the wages lower than those existing in the most advanced western economies of Europe, America and Japan that are now considered as their markets for selling products manufactured and assembled around the world.

Within such a frame and context, it is not surprising that the first actions and sanctions taken by the European Commission and by the Washington Authorities were and continue to be decided at the level of finance.

The Russian ruble fell as much as 29% against the dollar to an all-time low Monday, after the U.S., European Union and Canada agreed to disconnect some Russian banks from the SWIFT interbank messaging system.
President Joe Biden announced more sanctions against Russia’s Central Bank.
Switzerland also announced sanctions on Russia, “setting aside a deeply rooted tradition of neutrality.”

What goes around comes around: U.S. – China from Chips Tech to Taiwan Strait

Seventy-one Chinese military aircraft crossed the sensitive median line of the Taiwan Strait on Saturday as China began drills around Taiwan in anger at President Tsai Ing-wen’s meeting with the speaker of the U.S. House of Representatives.

The three-day drills, announced the day after Tsai returned from the United States, had been widely expected after Beijing condemned her Wednesday meeting with Speaker Kevin McCarthy in Los Angeles.

China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. Taiwan’s government strongly objects to China’s claims.

The Taiwan Strait is a 180-kilometer (110 mi; 97 nmi)-wide strait separating the island of Taiwan and continental Asia. The strait is part of the South China Sea and connects to the East China Sea to the north. The narrowest part is 130 km (81 mi; 70 nmi) wide.

Breaks in Dollar and Economic Globalization by the Acceptation of State Subsidization

With globalization’s golden age potentially in the backseat of the new vehicle driven by the US Solo Driver and the strategy of discontinuing shared rides and shared directions. A rise in nationalistic policies promoting the intervention of the Central States and Central Banks in modeling and correcting the economy through direct subsidies.

We are also witnessing Russia using a war driven solo approach to resolve its ideological dilemma, historic cultural relationship and territorial dispute with Ukraine.

China on the other side is pushing its vessel to control the seas around Taiwan and Japan while planting flags in the disputed borders with India. Conjointly, China is leveling its global financial and trade relations directly with African and Asian countries without seeking any approvals or contribution from Western based organizations.

Within such a changing and shrinking environment for the Western economies to develop their external ramifications around the world, they have now to resolve their internal challenges and more importantly to silence any dissidence or claim about their bilateral differences and relational problems. It is no more like the time when the United States and the European Union were suing each other over America’s subsidization of Boeing and EU subsidization of Airbus.

After many years of seeking unsuccessfully to convince the EU and four of its member States (France, Germany, Spain, and the United Kingdom) to cease their subsidization of Airbus, in 2004 the United States brought a WTO challenge to EU subsidies. The EU responded by challenging what it claimed were even larger subsidies to Boeing by the United States.

The headlines of the news are no more as they used to be. Russia, Ukraine, NATO and Eastern European States, Africa as the new arena of international competition, while India, Japan, Taiwan and China are the new hot topics and the subjects of subtle regional interference and preventive military alliances.

Today three items are more important than the denunciation, the rejection and the condemnation of subsidies and the attempt legally to have them removed by countries.

Meanwhile, If you have been fired, you aren’t alone and it still keeps coming every day like the Niagara Falls if not a deluge. Companies and startups are firing left and right without even thinking twice about the impact of such decision while the entire economy is sliding right and diving deep into a recessive mood and conjuncture and the inflation is going in the opposite direction, higher and higher for every single commodities, merchandise, purchasing homes and even the renting price.

Some CEOs have even fired their employees during a reunion or when they were in front of the screen of their laptops and even when they were following and participating in webinar: Webfirenar.

The first set of the following references are some of my publications that present the Other Side of the Dark Moon, the one of the sectors that was completely wiped-off by their own demise and manipulative style management. These magnets presented as gold nuggets were running on the side of scam: the Crypto Mania.

They have presented themselves as Money while they take the money of others and run for never comeback. Following such run of Crypted Scam of Scanned Crypto Assets, we are also presenting the reasons of wrath and decline coming from the East of Europe that have been one pillar in the surge of inflation that is unprecedented since the Second World War in terms of such short time and magnitude as well as the territory impacted and the most intense breakout since the 1980s.

The decisions of the European Central Bank and the U.S. Federal Reserve and those taken by their President such as the increase of the interest rates and the continual sales of bonds which increase the cash availability of the banks while accruing their charges on the payment of interest rates while they signed loans with lower rates of interest. These are financial and monetary bad seeds that are the contributing factors at the level of the monetary policy resulting from the consolidation of the sanctions taken against Russia that have produced more difficulties for the Western Economies and the rest of the world, the followers of the Liberalism as vector of the “Mondialisation” and the engine of the Globalization.

The inflation of Energy produced following the sanctions on Russia are hurting the EU’s 27 state economies who are seeking to control the related damages and impacts on the consumer and market conditions.

OECD inflation falls to 7.7% in March 2023, as energy inflation continues to drop and almost a year ago the inflation hit the sky of all the OECD economies. Inflation in the OECD rose further in May 2022, reaching 9.6%, , largely driven by food and energy prices. This represents the sharpest price increase since August 1988.

📈 #Inflation💲🆕 📈 🔎 Consumer Prices, OECD – Updated: 5 July 2022 – OECD 💰🥫⚡️

The OECD’s 38 members: Find more information about OECD Members, Key Partners and regional initiatives

Developing countries have been also affected by the manipulation of economic trends and exchanges by invisible forces that have imposed a continual dependency and lack of growth in the majority of southern economies. This kind of weakness has been the source of boomerang effect that is actually hitting the faces of the western economies giving that many African, Middle Eastern, Asian and Latin American Countries are actually unable to cope with diverse shortages of their own and therefore are unable to help the Western Countries to alleviate their actual hurdles and difficulties encountered in the Supply Chain Management, in the provision of goods needs and natural resources as well as in the most critical sphere of continual conflict, the sector of energy.

🌐Subscribe 🌐 Support 🌐 Score 🌐 World Fusion TV

World Leading Market for Startups Investment and Development:

🌐 https://www.youtube.com/channel/UCKa6d0zS7MmPW4I61uQxRrw

We bring you the News wrapped in Analytic and well-defined shape and format so that you will have a deep understanding on the causes and the effects of the changes taking place in the destiny and everyday life of each of us around.

U.S. – China from Chips Tech to Taiwan Strait

The three-day drills, announced the day after Tsai returned from the United States, had been widely expected after Beijing condemned her Wednesday meeting with Speaker Kevin McCarthy in Los Angeles.

We are also witnessing Russia using a war driven solo approach to resolve its ideological dilemma, historic cultural relationship and territorial dispute with Ukraine.

Global economies are strained at the moment, increasingly volatile with each new sanction. The US dollar has been the world’s reserve currency since 1944. But THAT has never been in question…as much as it is today in 2022.

The Russian ruble continues its ascent📈 against the US dollar💲. North American inflation continues to soar as global wealth seeks more stable places to shelter against threats of military escalations. Despite retrieval from time to time, prices will continue to inflate for consumers as the war on Ukraine drags on.

As the war against Ukraine moves ever closer to Russia’s favor or against the advance of Russia, in both ways, it becomes clear that the United States will continue to pump resources into this conflict. The U.S. dollar as the world’s reserve currency is at risk.

Direct confrontation has never solved anything besides selling weapons and creating a memory of fears that keep buying weapons as a way to reduce the impact of the obsession on new conflicts.

It is a vicious circle that nourishes the beast whatever the season or the space. The beast of conflict does not hibernate and keeps inflicting more damage on the Beast mind like on human relationships, spreading the sickness and the contaminating disease of fears and conflictual hallucinations even in the most quiet corners of this world.

#technology #leadership #india #research #military #nationalsecurity #strategy #environment #economy #china #africa #france #unitedkingdom #europeanunion #globalization #banks #airbus #boeing

Crypto Business Out of Electric Shocks

Initially posted– December 5, 2021

Updated– 12/21/2022 – 11/7/2022 – June 19, 2022 – July 6, 2022

Major crypto miner digging Chapter 11

Core Scientific, one of the country’s largest publicly traded cryptocurrency mining firms, has filed for Chapter 11 bankruptcy protection, just under 18 months after its IPO.

CORZ is known as one of the largest autonomous miners and hosting providers in the industry. Rising energy prices and falling hash prices will certainly put pressure on their ability to repay their loans.

As CORZ strive to reach an agreement with major creditors, Core Scientific will continue to operate instead of liquidating assets.

Dot Come, Dot Gone: is Fintech Finish Tech?

May 26, 2022

The main monetary policy processes

“Monetary policy is to orient economic activity by regularizing the money supply “

Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes

The Aftermath of Coronavirus? Is this a Mathematical Formula or New Readings of Economic State Intervention? Where is the Invisible Hand of the Market? A second lecture more sincere of the works of David Hume and Adam Smith as well as David Ricardo needs to be conducted without having preconceived prism on our thoughts and perspectives that focus only and extract as well as manipulate … Continue reading Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes

The increased use of cryptocurrencies could have profound consequences for the financial system as well as the conduct and effectiveness of monetary policy. Demonetization has important consequences for all monetary and economic aggregates.

In his book “The Curse of Cash” published in September 2016, economist K. Rogoff writes: “Liquidity stimulates the growth of the underground economy rather than that of the official economy”. He adds: “I am not in favor of a society without cash, which would neither be feasible nor desirable at the present time. However, a society without cash would be fairer and more secure ”.

On the other hand, in a recent IMF study in 2017, the impact is major at the level of monetary policy, thus the Bundesbank, in a 2014 study, estimates that reducing the costs of transformation would allow a gain of 2 to 3% of the GDP in Germany. The effects are however more structuring in monetary matters. As long as there is the possibility of having an electronic wallet [15].

However, complete demonetization presents risks for the control of monetary aggregates on the one hand and for financial and monetary stability on the other. The central bank is unable to control interest rates.

On the demand side, the public prefers to use cryptocurrency issued by the private sector rather than the primary currency issued by a public organization for privacy reasons.

The supply of cryptocurrency in particular by the private sector is inflexible in relation to the money supply circulating in the economy. The widespread use of cryptocurrencies despite their unsatisfactory characteristics compared to legal currencies. The question then arises: why is this currency incapable of playing the roles of medium of exchange, unit of account and store of value – because the supply of this currency is inelastic – is chosen?

Monetary policy instruments

Monetary policy instruments are of two kinds: reserve requirements and interest rate instruments such as open market operations which serve to signal the stance of monetary policy.

Financial innovations, the rise of international financial markets and the transformation of forms of money, which have called into question the dominant conceptions of monetary policy. All this forced the monetary authorities to adopt new provisions to control the issuance of the cryptocurrency and its management in order to conduct an effective monetary policy [12].

Demonetization and monetary policy, the case of Sweden: among the world’s leading cryptocurrency economies; we cite Sweden, with a drop in liquidity of more than 50%, and this since 2010. This has enabled the Swedish state to fight against tax evasion and corruption. This particularly reflects monetary policy in a remarkable way.

The Riksbank (the Swedish central bank) has set up its central digital currency called “E-Krona”.

The Riksbank considers the lack of cash as a threat to the payment system, this criterion was taken into consideration when preparing the E-Korna cryptocurrency.

In fact, this risk manifests itself because money creation by the private sector outside the cycle of the Swedish central bank generates a risk of finding itself in monopoly situations led by private suppliers, which is passed on to the costs by the bank. Swedish central. Following. The central bank fears in such a situation of losing control of the currency and therefore of the effectiveness of monetary policy.

The Riksbank took the decision to make a gradual transition and introduce a core cryptocurrency with the aim of increasing its ability to manage the money supply and ensure the stability of the payment system and maintain its role as a bank. banks. In this context, a new dematerialized version of the currency was tested by the Riksbank, with the aim of ensuring the sustainability and resilience of payment systems.

The E-Korna, which is in the technical and legislative study phase, will be the object of a design so as to take the form of electronic money and this by proposing to the public to open accounts at the central bank which allows them to exchange legal tender in central currency via an exchange rate set by the central bank, and in a separation of these two forms of currency, or by issuing a central cryptocurrency by the Riksbank on an electronic wallet while maintaining the anonymity of transactions. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank.

Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet. Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank. Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet.

Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all. Anonymity is only guaranteed for transactions below a certain threshold (currently at 250 euros) which is set by the central bank. Thus, E-Korna can either take the form of electronic money at the central bank or of course the form of cryptocurrency in an electronic wallet. Whether in the first or second case, transactions take place on a distribution ledger managed by the Riksbank connecting private payment service providers, end users and all.

In order to ensure a valid business model, the Bank of Canada consulted with payment service providers and merchants. Finally, and in order to prevent the illicit use of this currency, the Bank of Canada consulted various public bodies to discuss how to reconcile considerations of confidentiality and anonymity of transactions.

Conclusion: In conclusion, demonetization is now a challenge for monetary authorities, it presents an opportunity to further improve the effectiveness of monetary policy, but this must be done taking into account the enormous risks associated with the stability of the financial system, as well as the mechanisms by which these activities are carried out, the reduction of these risks associated with payment systems necessarily requires the deployment of encrypted central money and better control of its issuance, within a regulatory and legislative framework that is well defined, ensuring a good climate of competitiveness but above all a high level of security and guarantee for the entire system and its stakeholders.

Economie Mondiale en Mutation

Said El Mansour Cherkaoui – California – 15 Janvier 2021 Changing World Economy During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor … Continue to read. إذا ريتا منكرن فغيره بي يديك فين لم تستطيع فغيره بي ليسانك فين لم … Continue reading

Coronavirus + Crise × Intervention de l’Etat => Circulation de Monnaie + Inflation = Chômage

COVID-19 – Coronavirus et le Besoin d’une Nouvelle Économie du Développement comme Remède National 5 – 4 = 2020 – Le 5 Mars 2020 Un Modèle Libéral Essoufflé par le Mal-Développement Durable et Ébranlé par l’absence de … Lire la suite

Changing World Economy

Said El Mansour Cherkaoui – USA 15 Janvier 2021 Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III During the 1980s, the differences between non-Western countries and Third World countries became evident with regard to economic changes and progress at the level of the participation in the new industrial division of labor and the implementation of industrial strategy. East … Continue reading

Débat sur la Monnaie: Economie Politique ou Politique Economique

Said El Mansour Cherkaoui 25/9/19 Oakland USA Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Théorie Quantitative de la Monnaie. Vue sur la Nouvelle Economie Economie Politique ou Politique Economique MISE À JOUR LE 19 FÉVRIER 2020 Des origines lointaines Dès la … Lire la suite

Response from Said El Mansour Cherkaoui

First of all, I would like to have specific quotes on what you write as such and I quote you:

“Today, countries, large institutions and international companies have converted some of their money into crypto …”

In addition to giving names, I would also like to know the amounts and their end use by these countries, institutions and international companies.

Likewise, these conversions of “a portion of their money into crypto ..” are carried out and again, what are the end uses and their corresponding transactions.

These amounts in foreign currencies, they have what like guarantee and reserve of reference of their solvency at the level of the nominal value, the exchange value and the level of the convertibility value.

Regarding the reaction of legal tender of central banks and cryptocurrency, through the central bank’s controlled introduction of central cryptocurrency, within an appropriate regulatory and technical framework.

Apart from supply and demand and once again I quote you:

“Today, countries, large institutions and international companies have converted some of their money into crypto …” Do these types of transactions have the same instruments as the foreign exchange market (FX or forex) or national currencies they exchange against each other via cryptographic realizations.

Does this crypto conversion provide hedge against international currency and interest rate risks and allow them to speculate on geopolitical events and diversify their portfolios?

On the other hand in FOREX, the main players in this market are usually financial institutions such as commercial banks, central banks, fund managers and hedge funds, there is no country.

But you support and once again I quote you: “At present the countries,…. Have converted part of their cash into crypto…. So the question that arises is, how do countries stay away from FOREX and invest in crypto?

Do you have the floor to explain this suicidal choice of public funds?

Does Crypto allow global companies to be used as is the Forex function with respect to forex markets to hedge the currency risk associated with foreign transactions and anonymous transactions that convey money laundering as well as illegal goods transfer operations under the table?

In addition, more than 70% of bitcoins are stored for speculative purposes, this can be detrimental to its use, which calls into question its credibility following the fluctuations that these prices are experiencing as a result of these speculative operations. In addition, anonymity is used by technicians and e-merchants to purchase illicit goods.

At the start of 2017, there were over 500 virtual currencies with a total market value of $ 16.8 billion, Bitcoin alone accounted for around 85% of the market.

New technologies have given birth to new instruments of currency circulation in contemporary economies, such as cryptocurrency, therefore the creation of a global capital market requires the internationalization of currencies that circulate outside their space of traditional area of operation.

the-economics-of-bitcoin-price-formation-working-paper-eeri_rp_2014_08 Download

crypto-corruption-and-capital-controls Download

Crypto-Monnaie a Terre

Crypto Casino Royal – Cryptop Secret Mania CRYPTOCURRENCY Posted December 5, 2021 – Said El Mansour Cherkaoui – Updated June 19, 2022 & July 6, 2022 Sciences Po, Grenoble Institut de Recherche Economique et de Planification, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Time has given me confirmation … Continue reading

Libéralisme pour le Capitalisme National et Protectionnisme pour le Commerce International

Initialement publié en October 25, 2018, 9:00 am Collection et Recueil par by Said El Mansour Cherkaoui – publié en partenariat avec le Forum MEDays. “Laissez faire!”, disaient les chantres du libéralisme au XIXème siècle. En réalité, la seule nation qui pratiquait, à cette époque, un libéralisme directement inspiré des manuels d’économie politique, était la Grande-Bretagne. … Lire la suite Libéralisme pour le Capitalisme National et Protectionnisme pour le Commerce International

Energy Price Comparison

Research by the Energy Price Comparison Service shows that the amount of energy spent on Bitcoin mining around the world has already exceeded the amount used on average by Ireland and most African nations and is greater than the annual usage of nearly 160 countries. Miners are turning to increasingly powerful computers to accomplish these tasks and earn Bitcoin, and as a result mining (and, in return, Bitcoin transactions) is consuming more and more electricity. Indeed, according to the Dutch bank ING, a single Bitcoin transaction consumes as much electricity to power a house for an entire month.

http://www.businessworld.in/article/Bitcoin-Electricity-Consumption-Unsustainable-Cryptocurrency/29-11-2017-133168/

https://www.do4africa.org/adoption-de-la-crypto-monnaie-en-afrique/9092/embed/#?secret=CmXtNFvWcv

Click to access EERI_RP_2014_08.pdf

Cryptocurrency and Currency – Hamadi Mokhtar

LA CRYPTO-MONNAIE ET SES EFFETS SUR LA POLITIQUE

Does Matt Damon have crypto regret?

By Theunis Bates, Editor at LinkedIn News

Are Matt Damon and LeBron James suffering from crypto regret? They are just some of the big names who’ve boosted cryptocurrencies in ads over the past year, portraying digital currencies as a financial revolution — and an easy way to make a stack of cash. But with the crypto market in meltdown, those same celebs have gone silent, reports The New York Times. Critics are now accusing the stars of pushing fans toward volatile investments without explaining the risks. And marketers are wondering if a continued crypto downturn will damage these celebs’ reputations.

Derek N.H. Notman, CFP®• 2ndI help financial advisors 🚀 CHECK OUT CONNEQTOR & COUPLR! 👇 | Financial Advisor Training | Fintech Lead Generation •

Fortune doesn’t favor the brave, it favors the educated.
You know what would be cool, if celebrities did flashy advertising campaigns for financial literacy instead of endorsing a digital currency or investment.
As an advisor who’s been helping people with their money for over 16 years – rarely, if ever, does advice (if we can even call it that) from advertising campaigns provide any real value to those it targets.
Imagine if we put a focus on financial education and advice led planning instead of trying to push what is hot & sexy today?
I have nothing against crypto but investing in it, or virtually anything, because a celebrity told me to does not appear to be a great plan.
I would love to see those who have the influence to focus more on promoting education that genuinely help the end customer.
It may not pay Matt Damon and others as much, but it certainly will drive a lot of good will and have exponentially positive effects.
What do you think, should celebrities be touting “investments”, financial education? Something else?
#financialliteracy #education #investments #crytpo #litrendingtopics

David Hunt • 3rd+President and Chief Executive Officer of PGIM, the Investment Management Business of Prudential Financial, Inc.•

As I discussed at the recent Milken Institute Global Conference, most cryptocurrencies are currently 0 for 3 when it comes to PGIM‘s criteria for a fiduciary investment – clear regulatory oversight, a steady store of value beyond what someone else will pay for it, and predictable correlations with other asset classes. While we don’t believe crypto should be an investment option in fiduciary accounts, there are emerging opportunities in the broader blockchain ecosystem.
For more perspectives on crypto, see the latest installment of PGIM’s Megatrends research here: https://on.pru/3wrGfrM #Cryptocurrency #MIGlobal #CryptoInvesting

Celebrity endorsers keep quiet as cryptocurrency market appears to crash

Mark Toner• 3rd+The ‘shiny objects’ that count are the ones you deposit in a bank •

Take the bitcoin and run.
How did those Super Bowl ads work out?
Crypto needs to be treated like a pharma drug with a fair balance – of side effects listing. “May cause sleepiness nights, bank account depletions, smashing your Bourne DVD collection, etc etc

All Those Celebrities Pushing Crypto Are Not So Vocal Now

Patrick Derdeyn out of network3rd+Regional Vice President at Viant Technology

It’s not and was a never a risk free opportunity, nor did they make any promises or need to hold any responsibility. The marketing and branding being done by the exchanges is completely irrelevant to the state of the market. Do people start blaming Charles Schwab and Etrade commercials when the stock market goes down? More than anything this just shows what a nascent space this still is, yes it provides the opportunity for financial freedom but the best advice always will be DYOR and know your risk.

Robert B. Childers out of network3rd+Cyber Security Analyst/Systems Security and Remediation

Do the sheep, who listened to Matt Damon have crypto regret? Does Matt? He was paid in BITCOIN, turned that into American cash, and put it in his MSFT, Alphabit, AMZN, stocks, and he is quite happy. He probably put some cash into a stock (F), and maybe DOGE? Nah, he didn’t buy that.

Bryan Paxton out of network3rd+Systems Analyst/Field and Desktop Support

I love your list of side effects. Nice

Edward Czajka out of network3rd+EVP/CFO at Preferred Ban

Didn’t he say, and I quote, ‘Fortune favors the brave’?
It is hubris and ignorance to think that someone with no professional financial training and experience should tout an investment. Because he’s an actor we should follow his financial advice?

Luisa Alberto(She/Her) out of network3rd+CEO of People First Finance; a Virtual CFO agency helping women business owners manage their finances with ease by offering bookkeeping, tax planning, and financial strategy all under one roof

My question is, why are we pointing fingers at these celebrities and advertisements when it is OUR responsibility to make intentional, informed investments? Do your research, know the risk involved, and be confident in your investments for the long run.

Nick Bauer out of network3rd+Marketing & Implementation Manager at New Vista Solutions

They all got big bucks for those commercials. Laughing all the way to the bank…unless they were stupid enough to ask to be paid in crypto.

Ralph Hightower out of network3rd+Photographer; retired computer software developer (C#, .Net), still active for personal projects. Manned Spaceflight enthusiast. Witnessed two final flights: Apollo/Soyuz, Space Shuttle STS-135.

In my opinion, someone burned $5,000,000 for a qr code in a game of pong (70’s arcade video game).

Mike Goldberg 2nd degree connection2ndB2B Marketer | Content Writer & Strategist | Brand Storyteller | VP, Marketing

Will we look back on all the crypto commercials this year the same way we look back at all the dot-com ads of 1999? I’m looking at you Puppet Dog Sock thing…

Juan Suero Robotics out of network3rd+Robotics Engineer, Kubernetes Industrial Automation Cloud Architect at SpiritZ Robotics

just pay the roof over your head.

Ray Godleski out of network3rd+Help individuals, families and business owners achieve better results. Starting with the first conversation, people can visually see how their plan can be improved.

Once an actor gives investment advice….

Steven M. Brown, MSP(He/Him) 2nd degree connection2ndI help Construction Professionals find their next job opportunity!

This is the beginning of the next four year cycle.

Joshua Miller out of network3rd+Project Manager Design II

if something is being sold as too good to be true it probably is.

Neer Lazar out of network3rd+Customer Success Manager at ContractPodAi

My AAPL is tanking harder than my BTC so what is the point exactly?

Forrest Claypool out of network3rd+CEO, Instant Connect Software

Outrageous to see all these celebrities take money to tout something they know nothing about, with gullible star gazers following them like lemmings off the financial cliff

Lauren LoFrisco(She/Her) out of network3rd+Head of Marketing, Brand Performance and Client Partner Development

Yes, so true. when times are good, people can get bold and forget about that the risks are real

Joe Weaver (JoeWeaver.me) out of network3rd+Designer, Developer, Teacher, Project Manager, Consultant

Never smashing my Bourne DVD collection. Great films.
(And the books are even better! Very different than the films)

A $200B crypto wipeout

By Theunis Bates, Editor at LinkedIn News

More than $200 billion was wiped from cryptocurrency markets Thursday after the “stablecoin” TerraUSD suddenly plummeted in value, sending shockwaves through the whole sector. Stablecoins are supposed to be backed by reserves such as U.S. dollars or other traditional assets and are intended to serve as safe havens in times of market volatility. But TerraUSD is an algorithmic stablecoin backed by code, not cash. A sell-off in its sister currency, Luna, sent Terra to a low of 23 cents Wednesday. Other cryptocurrencies also took a beating amid the panic:

Tether, the world’s largest stablecoin, sank below its $1 peg Thursday.

Bitcoin, the largest cryptocurrency, dropped to its lowest level in 16 months; it has lost more than 45% in value so far this year.

Cryptocurrency trading platform Coinbase has lost more than half its value in a week.

Andrew Beer• 2ndManaging Member at Dynamic Beta investments LLC •

For anyone following the $LUNA debacle and the #crypto meltdown:
I have zero useful technical expertise to explain what happened and why, but this feels like a game changer in several respects:
1. The dollars are big: if my math works, $90 bn in a month.
2. The human impact is real: Per reddit, many people lost their life savings and some are suicidal.
3. This will be THE crypto story for a while — just smells like a massive ponzi scheme on steroids when you get promised 20% returns with no risk.
4. Regulators — both in the US and abroad — will face huge pressure to act and act fast.
5. Political will of the crypto lawmaker lobby will wither.
6. Institutions like banks will need to step back to reassess everything — no one wants to get dragged into the next litigation blender.
We shall see..

Jack Denton• 3rd+Journalist focused on cryptocurrencies and decentralized finance •

There is a crash in the cryptocurrency world. Around $600 billion in digital asset market capitalization has been wiped away in the last week, with the price of Bitcoin falling 25%.
Part of that has to do with the stock market, and investor sentiment for bets that are viewed as risky.
But the meltdown of a stablecoin called Terra—designed to be pegged to the U.S. dollar—was a significant factor. It comes as lawmakers press for new regulations on stablecoins, which represent the bedrock of the crypto economy.
My story for Barron’s:

How a Digital Token Designed to be Stable Fueled a Crypto Crash

Dror Poleg• 3rd+Rethinking work, money, and cities. 4h •

Stablecoins offer the benefits of Decentralized Finance, minus the volatility of traditional tokens. At least that’s the theory.
In practice, some stablecoins have struggled to maintain their value — leaving customers bruised and confused.
Current market turmoil paves the way for more regulation and broader adoption of stablecoins as official government currency.

Are Stablecoins Stable?

Dror Poleg on LinkedIn •

The crypto market is tumbling. It’s not the first time or the last. Volatility is one of the things that make cryptocurrencies attractive to investor

Richard Turrin• 2ndBest selling author of “Cashless” and “Innovation Lab Excellence” | Top 100 global FinTech influencer I Leading media commentator on China’s “digital yuan” the e-CNY I China payment, AI and tech | Consultant | Speaker | •

Crypto Armageddon is underway as panic selling hits crypto markets, Tether breaks its dollar peg, and Bitcoin hits new lows.

While I normally don’t write much about crypto, tonight, there really is only one story: the crypto market tanking!

I’m sorry to report this, and I am not gloating, even if I disapprove of the raw greed that the sector seems to worship. Still, this will be seen as a historic day given the magnitude of the losses, so let’s dive in.

Why are markets tanking? The obvious explanation is their high degree of correlation with equity markets, which are pounded by rate rises. That makes sense, but I do believe that there is more to the story.

My take on it is that fear levels have simply reached the breaking point for the majority of crypto holders.

Just like a religion, crypto markets are challenging the faith of their followers, and the vast majority have had enough. Most are simply not going to sacrifice what little savings they have left on the alter of crypto.

Can you blame them? Who can afford to watch losses of 50+% and stand there and do nothing?

Now it’s not just the losses. The headlines from this week show not just loss, but corruption:

1) Failure of Terra algorithmic stablecoin dropping some $50bn in market capitalization hit the market hard.

2) Reports that Terra founder Do Kwon launched another failed algorithmic stable coin a few years ago! “If at first, you don’t succeed, try, try again!”

3)Bitcoin’s ongoing slide, which, while exacerbated by Terra, was well underway before Terra’s fall.

4)Reports this week that 40% of crypto owners are now losing money on their investments.

5) Coinbase, which is down 78% for the week, will have the rights to your crypto if they ever go bankrupt!

6) Reports from SEC head Gary Gensler that crypto exchanges are “trading against their customers often because they’re market-marking against their customers.”

Still, despite the crash and bad news, this doesn’t mean that crypto is dead even if most of it should die.

One constructive comment on cryptos’ future that I hope the community can get behind came from a surprising place.

CZ, the billionaire head of Binance stated on Twitter that:

“At the end of the day, we need to go back to fundamentals. Build real products, not reliant on short term incentives, or promotions, but with intrinsic value that people use.”

So I don’t wish ill will toward crypto holders, nor am I gloating at their losses.

I do, however, wish that the considerable talent and resources of the crypto world would go back to “building real products with intrinsic value that people use.”

Thoughts?

PS: PLEASE hit the like button and leave a comment! Recent Linkedin algo changes are making it harder than ever! Did you know the LinkedIn algorithm weighs one comment equal to 10 likes?

Connect for more on #China‘s #CBDC, #fintech, #technology, #innovation and my book “Cashless”

Peter A.• 3rd+ETF Trading and Operations | Impact Investing | Base and Precious Metals | Blockchain | Process Innovator •

More like un-stable coin… 300M so far in processed redemptions is peanuts compared to its 83 Billion dollar market cap… THEY DO NOT GUARANTEE REDEMPTIONS!!! #crisisofconfidence #bitcoin #tether #crypto

Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K

www-coindesk-com.cdn.ampproject.org •

William Nash• 3rd+Demystifying Fund Marketing @ Edgefolio •

Over the past 48 hours in crypto it’s all been a little hectic. A mixture of genuinely unprecedented events and normal market turbulence has led to a great number of news stories about crypto, coinbase, btc, LUNA etc. I speak with great crypto funds all the time – and wanted to quickly share their perspective over the past two days.
Firstly, fundamentals haven’t changed. All coins, and all stable coins are somewhat vulnerable to sophisticated attacks. Everyone knowledgeable in crypto knows that these types of long tail risks exist – and this hasn’t changed. Nobody is packing their bags because of this.
Secondly, crypto is still very very young. The fact that some genuinely brilliant journalistic outlets don’t understand crypto or defi is a sign that we’re still nowhere near to saturation.
Lastly, good processes and good systems are the most important thing in moments like this. It’s super noticeable that people with good risk management, strong systems and tools have been much much calmer. For them, this is the typical come and go of the market and they’re still focusing on their goals. #crypto

Rana Bhattacharjee• 3rd+Portfolio Manager | AI/ML consultant | Finance and Technology Trainer •

Unbelievable volatility in one of top 10 coins/stable-coins recently. Keeping aside what happens to Terra Luna eventually or the future potential of crypto-currencies, from a financial investment perspective, this only goes on to reinvestment the age-old risk diversification principles.
1) Do not look at returns on a absolute basis. Always look at it relative to the amount of risk you are taking, risk being measured in terms of volatility. So in this example, one can very well imagine, what would be annualized volatility of an asset that can crash 98% in one day.
2) However good the projected return, do not put all eggs in one asset or even one asset class. Diversification can reduce the pain significantly.
3) Diversification should be among assets with low correlation. So investing in a ‘diversified portfolio’ of crypto currencies, is not achieving true diversification as all of them could go down together.
#investing #riskmanagement #diversification

Terra Luna cryptocurrency collapses 98%, investors lose life savings

Manoj Sugathan• 3rd+Head of Contactless & Urban Mobility Programs6h • 6 hours agoFollow

10 things I learnt from the ongoing Crypto Crash:
1. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions
2. You cannot create/mine/mint money out of thin air unless you are a government and has the military might to go along with it
3. On the way down, BTC and crypto’s looks like NASDAQ on steroids
4. Janet Yellen is more powerful than Do Kwon
5. SEC is more powerful than Terraform labs
6. After UST fiasco, regulators have no choice other than to come after other stable coins. USDT will be in the cross hairs next. And the outcome may not be pretty when the details of the commercial papers backing it comes out
7. Though BTC may be logically sound, if the pillars that holds it up like UST and USDT gets impacted, BTC can go a long way down
8. The last 2 days have been a great learning experience – nothing like real world flashing reds on computer screens
9. I think there are lot more lessons to be learnt in the coming days and we all need to start thinking more logically than getting carried away with exotic ideas
10. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions
#crypto #bitcoin #cryptocrash

Marcello Majonchi• 2ndHead of AWS Workforce Planning Product, Engineering & Data Science | Co-Founder & Director at 42N Advisors & Ventures •

If only there was a form of governance…
Maybe a central entity of some sort…
Wait a min…#stablecoin #terra #luna #defi #monetarypolicy #crypto

Aman Verjee, CFA• 2nd Founder / General Partner at Practical Venture Capital •

Interesting story emerging about TerraUSD, an algorithmic stablecoin that seeks to maintain its value of 1:1 with the US dollar … a “peg.”
It does this with a complex combination of code, trader incentives, some smart contracts, and by working with a crypto token in the same ecosystem (Luna) which can be swapped for UST and vice versa by traders to keep the price of UST where it should be. A-list investors, a dollar peg, 15-20% “risk free yields,” all seemed like a crypto dream.
Only now it has come undone with stunning speed. A week ago, the future looked bright. On Monday, all of the mechanisms that were supposed to keep UST stable didn’t … it fell to a low of 60 cents. On Wednesday it crashed to 20 cents. They are now attempting to raise $1.5 billion from new and old investors alike to provide more collateral to UST, hoping to rebuild the token’s liquidity after it virtually disappeared from order books overnight.
Exactly why all of Terra’s carefully-planned mechanisms failed to do their job remains unclear. Let’s see if the peg holds.
#Luna #crypto #cryptocurrencies

‘Everything Broke’: Terra Goes From DeFi Darling to Death Spiral

Aya Kantorovich• 3rd+Head of Institutional Coverage at FalconX •

Thank you, Emily Chang & Bloomberg LP, for having me on to discuss what happened with #UST, Luna’s algorithmic stablecoin, this weekend into this week.
UST is an algorithmic stablecoin that depends on a mint & burn function between LUNA and UST when the value of UST goes above or below its 1:1 ratio. Every time $1 worth of UST token is bought, $1 worth of LUNA is burned, and vice versa.
The Terra team has also launched a number of applications, most notably, Anchor Protocol – which supplied a 20% yield on UST deposits to the pool. This pool hit $17bn in total value locked on Monday at its peak and consisted of money from every persona: retail, protocol treasuries, crypto native, traditional asset managers, venture funds, hedge funds, etc.
This weekend, a motivated seller sold a significant amount of UST, de-pegging the algorithm. Why does this matter?
Loss of confidence in UST triggered a bank run which applied further downward pressure on the price of UST. UST is redeemable for $1 Luna up to a certain daily cap after which slippage increases. That cap was hit very quickly. The only alternative exit in DeFi is a liquidity pool on Curve. It contained $1bn of liquidity and got depleted by Monday morning.
Anchor went from $17bn in total value locked to $2bn today, with majority of folks rushing to pull out UST from the pull and convert to USDC or dollars as the peg saw lows of $0.3 today.
What does this mean for algorithm stablecoins? All eyes on Frax, and TRON’s stablecoin, to see how these token fundamentals react to volatile markets.

The Role of Algorithmic Stablecoins in Crypto

Some bumps in the road are unavoidable with the pace of crypto development. The failure of TerraUSD’s peg to the dollar (and the crash of UST and LUNA) is a big one. Coinbase has shaken both investors and users with the news that accounts would be considered unsecured creditors in the event of bankruptcy. Ultimately it’s a reminder that the path forward (or upward) is not always going to be a straight line (or a hockey stick). Digital assets, DeFi, Web3, etc. will be the future but not everyone is going to come out as a winner.
#cryptocurrency #stablecoin #terra #ust #luna #bitcoin #coinbase #digitalassets #defi #web3 #crypto

Trey Sellers• 3rd+Vice President, Client Solutions at Unchained Capital1d • 1 day agoFollow

#Bitcoin and #crypto are two completely different things. Bitcoin is decentralized money that can’t be manipulated; cryptos are decentralized in name only (DINO) and exist on a spectrum of misguided/infeasible to outright scam. Unfortunately, this can be an expensive lesson for some people to learn.

Luna Nosedives Under $2, Loses 98% Of Its Value As TerraUSD Struggles To Regain Its Dollar Peg

Gopal K.• 3rd+PhD Student at Harvard University •

With 7.5% inflation, you will lose half your money in 9 years. Crypto, I have discovered, is the only way to consistently outperform that. I have already lost half my money this year.
(from https://lnkd.in/egR9VTtb)

Krisztián Sándor• 3rd+Fulbright Fellow of Business & Economics Reporting at New York University •

My latest story on the biggest implosion in crypto in years:
the Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s $18 billion stablecoin UST vulnerable to a ‘Soros-style attack’.

UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

Andrew Busch• 3rd+Economist | Keynote Speaker | Futurist | Consultant | •

This is where #crypto is going off the rails & feels like a big ponzi scheme.
1 crypto (#terrausd) is built upon another crypto (#luna) which can be sold for other cryptos like #btc .
What investor is going to pony up $1.5B to stabilise the market when there is no central bank as a backstop?
When the world melts down and investors dump risk, investments with shaky financial backing get crushed.
Investors are indiscriminate when trying to raise cash and sell everything.
While #BTC may hang in there, the periphery cryptos will be crash tested.
Theoretically, BTC works.
Others?

TerraUSD Backers Seek $1.5 Billion to Prop Up Stablecoin

Additional Publications on Money by Said El Mansour Cherkaoui

Let’s wait for Godot – Sidna Kdar for better

Comment bv Hamza Dalil

Hamza Dalil

If your vision is based on regulation by a trusted third party, it is because you have indeed not understood much about crypto-assets.

At present countries, large institutions and companies of international scope have converted part of their cash into crypto….

I invite you to analyze the crypto market cap you will undoubtedly understand that it has no relation to gambling, except perhaps the future markets but it also exists in the conventional stock exchange

Some of my publications related to the topic addressed by Presidente Christine Lagarde can be used as complement for my aforementioned comment while presenting the role of the World Bank and the International Monetary Fund in shaping the evolution of the World Economy with emphasis on the economies of the Southern countries. (The articles are written en Français et/and English).

Economie Mondiale en Mutation

Cours et Compréhension: Monnaie et Banques

Chapitre 27 – De la monnaie et des banques On a déjà tant écrit sur la monnaie, que, dans le nombre des personnes qui s’occupent de cette matière, il n’y a guère que les gens à préjugés qui puissent en méconnaître les vrais principes. Je me bornerai donc à un aperçu rapide de quelques unes … Lire la suite

Coronavirus + Crise × Intervention de l’Etat => Circulation de Monnaie + Inflation = Chômage

Changing World Economy

Débat sur la Monnaie: Economie Politique ou Politique Economique

Said El Mansour Cherkaoui 25/9/19 Oakland USA Sciences Po, Grenoble Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III Théorie Quantitative de la Monnaie VIEW ON THE NEW ECONOMY Vue sur la Nouvelle Economie Economie Politique ou Politique Economique MISE À JOUR LE 19 FÉVRIER 2020 Des origines lointaines Dès la … Lire la suite

Response of Said El Mansour Cherkaoui

Thank you Hamza Dalil for your answer which allows me to extend these questions to a more global level, please find here below part of my answer given that the complexity and the various repercussions of this topic need to addressed more deeply.

First of all, I would like to have specific quotes on what you write as such and I quote you:

“Today, countries, large institutions and international companies have converted some of their money into crypto …”

In addition to giving names, I would also like to know the amounts and their end use by these countries, institutions and international companies.

Likewise, these conversions of “a portion of their money into crypto ..” are carried out and again, what are the end uses and their corresponding transactions.

Apart from supply and demand and once again I quote you:

Does this crypto conversion provide hedge against international currency and interest rate risks and allow them to speculate on geopolitical events and diversify their portfolios?

On the other hand in FOREX, the main players in this market are usually financial institutions such as commercial banks, central banks, fund managers and hedge funds, there is no country.

Do you have the floor to explain this suicidal choice of public funds?

At the start of 2017, there were over 500 virtual currencies with a total market value of $ 16.8 billion, Bitcoin alone accounted for around 85% of the market.

Crypto-Moon Niet a Terre

Libéralisme pour le Capitalisme National et Protectionnisme pour le Commerce International

Monetarism, Liberalism and Globalization: US Reactions and Coronavirus Clashes

Said El Mansour Cherkaoui

Sciences Po, Grenoble, Université Grenoble Alpes
Institut de Recherche Économique et de Planification, Université Grenoble Alpes
Institut des Hautes Etudes de l’Amérique Latine, Paris Université de la Sorbonne, Paris III

US – China: High Tech Competition and Geo-Political Antagonism

On a diplomatic trip to Taiwan as tensions with #Beijing are at their highest, US Speaker of the House of Representatives Nancy Pelosi visited a semiconductor factory. The production of these essential components of electronic chips, on which modern computing is based, is at the heart of major #strategic issues. In retaliation for the visit of the American representative, China has stopped its exports of natural sand (silica) to Taiwan, a mineral which happens to be an essential ingredient in the manufacture of… semiconductors.

As figures from the Comtrade database show, Taiwan is a champion in this area. In 2020, the latest year for which complete data is available, the value of its microchip exports was over $120 billion, slightly more than its gigantic neighbor China, whose shipments are estimated at $117 billion. If China, Hong Kong and Taiwan are taken together, the value of exports from the region (nearly $400 billion in 2020) represents around half of the global total.

COUNTRIES DOMINATING CHIPS WORLD MARKET

United States of America and China: High-Stakes Tech War Game

Nothing Stops Progress and China Chip-Maker SMIC is Copying Nike: Just Do It and Keep Doing it and building it, they will come … Read More

In 1990, the United States still produced almost 40% of world demand, and Europe about as much. But the arrival on the market of South Korea, Taiwan, then China from the 2000s, quickly changed the landscape. In 2020, the United States and Europe together accounted for only around 20% of global production. In the year of 2020, the US exported chips worth around $44 billion, three times less than Taiwan, but still enough to rank seventh in the world in a market dominated by Asia.

With the global supply chain disruptions and shortages that have taken place during the pandemic, several countries have launched initiatives to restart the production of these strategic components in their territory. Before the United States, Japan and the European Union have already announced measures to relocate semiconductor manufacturing.

Biden Administration Releases Plan for $50 Billion Investment in Chips

US – China: High Tech Competition and Geo-Political Antagonism

Statement from U.S. Secretary of Commerce Gina Raimondo on Signing of CHIPS and Science Act

ICT Supply Chain – Manufacturing

FOR IMMEDIATE RELEASE – Tuesday, August 9, 2022

Office of Public Affairs – publicaffairs@doc.gov

U.S. Secretary of Commerce Gina M. Raimondo released the following statement following President Biden’s signing of the CHIPS and Science Act of 2022.

“Today, President Biden signed into law a historic investment that will help revitalize the U.S. domestic manufacturing economy, spur research and development in critical industries, and enable us to continue outcompeting and out-innovating the rest of the world. This could not have come at a more urgent moment. These investments will create high-quality, good-paying jobs for hundreds of thousands of Americans, secure American supply chains, and protect America’s global leadership for decades to come.

“I applaud the members of Congress – both Democrat and Republican – who worked hard to get this law to the President’s desk. In particular, I’d like to thank Speaker Pelosi, Leader Schumer, and Leader McConnell for prioritizing this legislation to protect America’s competitive edge. Chairs Cantwell, Johnson, Pallone, Ranking Members Wicker, and McCaul, as well as Senators Warner, Cornyn, Kelly, Young, and Representative Matsui all played crucial roles in ensuring this bill’s provisions made our country stronger and more competitive. Today’s bill signing would also not have been possible without the leadership of Chairs Shaheen, DeLauro, and Cartwright alongside Ranking Members Moran and Granger.

“Most importantly, I applaud President Biden whose engagement, steadfast leadership, and commitment to American workers and American manufacturing made passage of this law possible.

“Today, we’re sending a clear signal to the world that we are serious about rebuilding our domestic manufacturing industry and leading the world in science and innovation for decades to come. I’m excited to get to work doing exactly that.”

LEADERSHIP – Gina M. Raimondo

The Commerce Department has said its goal is to encourage the production of leading-edge semiconductors and shore up the supply of chips currently in use.

“This is a once-in-a-lifetime opportunity, a once-in-a-generation opportunity, to secure our national security and revitalize American manufacturing and revitalize American innovation and research and development,” U.S. Secretary of Commerce Gina Raimondo said. “So, although we’re working with urgency, we have to get it right, and that’s why we are laying out the strategy now.”

CHIPS & Science Act of 2022

President Biden signed into law a historic investment that will help revitalize the U.S. domestic manufacturing economy

Strategy includes key initiatives, timelines for funding notices, recommendations for successful applications

Today, the U.S. Department of Commerce released its strategy outlining how the Department will implement $50 billion from the bipartisan CHIPS Act of 2022, signed by President Biden last month. The CHIPS for America program, housed within the Department’s National Institute of Standards and Technology (NIST), will revitalize the domestic semiconductor industry and spur innovation while creating good-paying jobs in communities across the country.

“Rebuilding America’s leadership in the semiconductor industry is a down payment on our future as a global leader,” said U.S. Secretary of Commerce Gina Raimondo. “CHIPS for America, will ensure continued US leadership in the industries that underpin our national security and economic competitiveness. Under President Biden’s leadership, we are once again making things in America, revitalizing our manufacturing industry after decades of disinvestment and making the investments we need to lead the world in technology and innovation.”

The strategy, released today [9/06/2022], outlines the initiatives, strategic goals, and guardrails guiding the CHIPS for America program.

The program’s four primary goals are:

Establish and expand domestic production of leading edge semiconductors in the US, of which the US currently makes 0% of the world’s supply
Build a sufficient and stable supply of mature node semiconductors
Invest in R&D to ensure the next generation semiconductor technology is developed and produced in the US.
Create tens of thousands of good-paying manufacturing jobs and more than hundred thousand construction jobs. This effort will ensure the pipeline for these jobs expands to include people who have historically not had a chance to participate in this industry, including women, people of color, veterans and people who live in rural areas.

The program supports three distinct initiatives:

Large scale investments in leading edge manufacturing: The CHIPS incentives program will target approximately three quarters of the incentives funding, around $28 billion, to establish domestic production of leading-edge logic and memory chips that require the most sophisticated manufacturing processes available today. Those amounts may be available for grants or cooperative agreements, or to subsidize loans or loan guarantees. The Department is still assessing the impact of the newly enacted advanced manufacturing facility investment tax credit on capital expenditures, which will generate significant additional project investment from participants and will reduce the required share of CHIPS incentives funding allocated for leading edge projects. The Department will seek proposals for the construction or expansion of manufacturing facilities to fabricate, package, assemble and test these critical components, particularly focusing on projects that involve multiple high-cost production lines and associated supplier ecosystems.
New manufacturing capacity for mature and current-generation chips, new and specialty technologies, and for semiconductor industry suppliers: The CHIPS incentives program will increase domestic production of semiconductors across a range of nodes including chips used in defense and in critical commercial sectors such as automobiles, information and communications technology, and medical devices. This initiative is broad and flexible, encouraging industry participants to craft creative proposals. For this initiative, the Department expects dozens of awards with the total value expected to be at least a quarter of the available CHIPS incentives funding, or approximately $10 billion. Those amounts may be available for grants or cooperative agreements, or to subsidize loans or loan guarantees.
Initiatives to strengthen US leadership in R&D: The CHIPS R&D program will invest $11 billion in a National Semiconductor Technology Center, a National Advanced Packaging Manufacturing Program, up to three new Manufacturing USA Institutes, and in NIST metrology research and development programs. This constellation of programs is intended to create a dynamic new network of innovation for the semiconductor ecosystem in the United States. Executing this vision will require collaboration with academia, industry, and allied countries, and will require sustained investment over many years.

The Strategy also provides clear recommendations for potential applicants, reinforcing the Department’s commitment to advancing long-term strategic goals and identifying criteria against which applications will be evaluated. The criteria include:

Increase scale and attract private capital: The CHIPS incentives program will encourage large-scale investments that attract associated suppliers and workforce investments.In addition to committing their own significant resources, potential applicants are encouraged to explore creative financing structures to tap a variety of sources of capital.
Leverage collaborations to build out semiconductor ecosystems: The CHIPS incentives program will encourage collaboration between industry stakeholders, investors, customers, designers, and suppliers, and international firms.Such collaborations could include purchase commitments, partnerships that enable fabless design or collaborations between suppliers and producers.
Secure additional financial incentives and support to build regional and local industry clusters that strengthen communities: The CHIPS incentives program requires applicants to the incentives program to secure state or local incentives. The Department expects to give preference to projects that include state and local incentive packages that maximize regional and local competitiveness, invest in the surrounding community, and prioritize broad economic gains, rather than outsize financial contributions to a single company.
Establish a secure and resilient semiconductor supply chain: The CHIPS incentives program will prioritize projects that adhere to standards and guidelines on information security, data tracking and verification, and that collaborate on further development and adoption of such standards.
Expand the workforce pipeline to match increased domestic capacity workforce needs: The CHIPS incentives program will create good-paying jobs that benefit all Americans, including economically-disadvantaged individuals and populations that may be underrepresented in the industry. The program will prioritize workforce solutions that enable employers, training providers, workforce development organizations, labor unions, and other key stakeholders to work together. The goal is to create more paid training and experiential apprenticeship programs, provide wrap around services, prioritize creative recruitment strategies and hire workers based on their acquired skills.
Create inclusive and broadly-shared opportunities for businesses: The CHIPS incentives program will prioritize projects that proactively work to ensure that small businesses, minority-owned, veteran-owned and women-owned businesses, and businesses in rural areas, benefit from opportunities generated by the CHIPS programs.
Provide robust financial plans: Applicants will be required to provide detailed project-specific and company-level financial data to ensure that incentives funds are meeting the economic and national security goals of the program while protecting taxpayer dollars.

Funding documents, which will provide specific application guidance for the CHIPS for America program, will be released by early February 2023. Awards and loans will be made on a rolling basis as soon as applications can be responsibly processed, evaluated and negotiated.

An executive summary of the strategy is available. The full strategy paper can be downloaded here. The Program’s guiding principles can be viewed on the Department’s recently launched CHIPS.gov.

US and China: Their Chips Challenges are Not Cheap

August 25, 2022 Said El Mansour Cherkaoui

“This bill is about more than chips. It’s about science as well… It authorizes funding to boost our research and development funding… This increased research and development funding is going to ensure the United States leads the world in industries of the future, from quantum computing to artificial intelligence to advanced biotechnology. – President Biden

Next #quantum #AI #chips boom in #siliconvalley is here! – Tate Yoko Research Institute – TRI – 8/22/2022

US and China: Their Chips Challenges are Not Cheap

Continue Reading

Said E. Cherkaoui Works on China

MAN Genius and NAMX HydroGenius

Editor Desk

About

Founded by Faouzi ANNAJAH and Thomas de LUSSAC, NamX is an Afro-European industrial and technological venture that aims to reconcile human mobility and environmental preservation on a large scale thanks to green hydrogen. NamX is the new leader on Premium hydrogen SUV cars, the new solution to an infinite mobility. The HUV by NamX car will simplify the experience of mobility by proposing the best driving experience with the best technologies and an innovative solution to supply on energy. The NamX car benefits from a double hydrogen tank. Aside from the fixed tank, a removable tank made of 6 capsules of hydrogen will allow our consumers to supply easily on hydrogen. The NamX capsules will be available everywhere in the CapX store and can also be delivered on demand. The HUV, a SUV designed by NamX and the Italian designer PININFARINA will be launch by end 2025 and is already available on pre-sales.

SUPPORT MOROCCO DIGITALL

SUPPORT OUR JOURNALISM: Please consider donating to keep our website running and free for all – thank you!
DONATE NOW

NAMX : I Like Both of Them and I will put these names on them too:

– Morbêa by NAMX – Mobility of Excellence, Flow of Life

– Tubkal by NAMX – Peak of Elegance and Robustness

Oum Errabiâ (en arabe : أم الربيع)

Tour de France – Giro Italia and Road to Morocco through Doukkala, riding on the side of Oum Errabiâ and reaching Tubkal, the Peak of the Atlas

Morroco the Gate of Africa Here NAMX coming Home.

Morocco and Global Automotive Drives and Strives

Said El Mansour Cherkaoui • You • International Affairs Analyst 6mo • Faouzi ANNAJAH • Thomas DE LUSSAC • Said Cherkaoui … Continue reading Morocco and Global Automotive Drives and Strives

Automotive Industry: World Perspectives

Editor Desk … Continue reading Automotive Industry: World Perspectives – SUPPORT AFRICA MOROCCO DIGITALL

GO BABY HYDRO BLUE ANGEL

GO BE NATURALLY GOOD BABY HYDRO BLUE ANGEL

Hydrogen Utility Vehicule Named NamX

Sky is the Limit: NAMX Hydrogenius

DESIGN PININFARINAMAX HUV

LE MATIN qui Révolutionne le Plagiat et le Déni a Outrance

NEW YORK – NEW YORK HERE I COME

Faouzi ANNAJAH • 1st CEO & Founder at NamX • 2 11/22/2022

Faouzi ANNAJAH

Start spreading the news, I’m leaving today. I want to be a part of it: New York, New York

CARING / CARRYING GIFTS OF NAMX INNOVATION

Said Cherkaoui

SUPPORT MOROCCO DIGITALL

Faouzi ANNAJAH • 1st CEO & Founder at NamX • 2 11/22/2022

FRESH DIRECT NAMX ORANGE FROM MOROCCO

Walk Baby Walk on the Wild Side of the Street that Never Sleeps
Walk and Talk Baby Next will be NamX driving Broadway
Walk Baby Walk on the Bitumen Talk to Get Tunes Men
Don’t Just Hit the Road Jack Hit the Road Najah
Come Back Again when the Answer is in the Wind
Drive From New York to Frisco Bay
While Singing I Did it My Way
Here I come Here I Go, I Got You Baby Under my Skin
I Got you Happy and I Got You Baby like my Dream
Rock the Casbah from the Land of Renault to Fremont
Roll over Beethoven I am Driving the Clouds from Morocco to California Land
Go Faouzi Go Faouzi Go Go Be Good

By Said El Mansour Cherkaoui

Next level 🇺🇸 CapX innovation in NYC. NamX is more than a car company…
See you later for the next milestones. #namx #capx #hydrogen #capsule #futureofmobility

Mondial de l’Auto – Paris

This picture was taken 22 years ago at the Paris Motor Show in the year 2000. As you can see in my eyes, I was already a crazy car lover.
I was 7 years old on this picture and I never imagined that one day, I would go from visitor to official exhibitor… Believe in your dreams and just work.

Exposants 2022 🚘✨: nous sommes fiers d’annoncer que le jeune constructeur NamX participera au Mondial de l’Auto du 17 au 23 octobre prochain ! Pour celles et ceux qui l’auraient manqué, NamX a présenté récemment son premier modèle, le HUV. Il s’agit d’un très joli SUV coupé à réservoirs à hydrogène interchangeables dessiné par Pininfarina 👌🏻.

Restez à l’écoute, nous révèlerons prochainement d’autres exposants de la 89ème édition du salon… 😉 – Exhibitors 2022 🚘✨: we are proud to announce that the young manufacturer NamX will participate in the Mondial de l’Auto from October 17 to 23! For those who missed it, NamX recently presented its first model, the HUV. It is a very nice SUV coupe with interchangeable hydrogen tanks designed by Pininfarina 👌🏻. Stay tuned, we will reveal more exhibitors from the 89th edition of the show soon…

Here is @autobild full report on NamX, extremely interesting 🇩🇪🇲🇦🇮🇹🇫🇷#Automobile #hydrogen #greentech #Afrique #Europe #pininfarina pic.twitter.com/Vo8k7bUUjN
— Faouzi Annajah (@AnnajahFaouzi) May 20, 2022

Thomas DE LUSSAC – DE LUSSAC Design Studio – Head Design, CEO, Artistic Director

Une grande Histoire commence demain pour NamX. Colin Chapman, fondateur de l’illustre marque Lotus disait “Light is right” durant le règne des courses automobiles et des moteurs thermiques.

En 2022, nous disons “Green is right…” Restez connectés pour découvrir cette aventure hors norme. www.namx.tech

Faouzi ANNAJAH• 1st CEO & Founder at NamX 1d •

Faouzi ANNAJAH • 1st CEO & Founder at NamX • – 6/15/2022

D-7
It is with great pleasure that I announce the participation of NamX at the Green Tech Festival on June 22th to 24th in Berlin!
The public will be able to discover for the first time the HUV model in real.
We are looking forward to meet you on our booth and discuss our vision of tomorrow’s car with low-carbon hydrogen.

#Togetherwechange #greentechfestival2022 #gogreen https://lnkd.in/erE5_UiK
https://www.namx.tech

Faouzi ANNAJAH • 1st CEO & Founder at NamX •

Faouzi ANNAJAH• CEO & Founder at NamX – /\N/ /A\ /\M/\ //X\\ – NAMX

June 8, 2022

Dear community, we have to choose the color of the next prototype.
Thanks to those 3D images, we can imagine a result.
So, what do you think?
Blue, White, Grey, Black ?

For your information, the color of the first prototype (Infinite Grey) has been specifically chosen to better show the lines of the HUV and to discover this new design.

See you soon for next milestones.
#NamX #automobile #hydrogen #sustainableworld #designspiration

Faouzi ANNAJAH• CEO & Founder at NamX – /\N/ /A\ /\M/\ //X\\ – NAMX

A few months ago, I discovered the HUV for the first time outside a design studio, in the sunlight, on the roof of Pininfarina.

Unforgettable that’s what you are
Unforgettable the way you walk, the way you look, the way you drive
Like a song of love that hit the sky to come like rain of hope around
How the dreams of you goes far beyond feeling loved and cherished
Never anything before has been named NAMX

Said El Mansour Cherkaoui

Unforgettable experience.
What do you think of this first image in natural light?
Thank you again to all my team.
Thank you to all supporters.
Thank you for your messages from all over the world.
The road is long but we love the road at NamX.
#design #automobile #industry #sustainableworld #hydrogen

Success Story – Annajah Story: NAMX dévoile un SUV à hydrogène conçu par Pininfarina avec des réservoirs de carburant amovibles

Said El Mansour Cherkaoui – Published May 10, 2022 2:42 am

La startup automobile NAMX a dévoilé une version concept de son tout premier véhicule. Le SUV à hydrogène est décrit comme un «HUV», doté d’une nouvelle technologie exclusive et d’un design Pininfarina. Et elle est française ! NamX, qui veut dire New Automotive Mobility Exploration, vient de lancer son concept, créé en partenariat avec Pininfarina. Et c’est un SUV premium. Ou plutôt un HUV, comme Hydrogen Utility Vehicule, car NamX est une voiture fonctionnant à l’hydrogène.

Quatre Ans de Travail – Une Aventure Incroyable, cliquez sur l’illustration pour accéder l’interview de Faouzi ANNAJAH • 1st CEO & Founder at NamX

Il a fallu 4 ans de recherche pour créer ce concept. Derrière ce projet, il y a Faouzi ANNAJAH, le CEO, et Thomas DE LUSSAC, le confondateur de NamX et designer de ce concept. Outre Pininfarina, ils ont su s’associer avec de grands noms de l’automobile, dont Magna Steyr, réputé pour son ingénierie.

Le premier, un modèle d’entrée de gamme, sera à propulsion et développera 296 ch (224 kW/300 ch). La version GTH, quant à elle, bénéficiera de quatre roues motrices et de 542 ch (410 kW/550 ch). Le point culminant, cependant, est les capsules amovibles utilisées comme réservoirs secondaires pour l’hydrogène. L’idée est de créer un réseau de distribution pour ces capsules. La production du Namx n’arrivera pas avant 2025 mais sera proposé en deux niveaux de finition.

Pour cela, le créateur franco-marocain a collaboré avec plusieurs partenaires européens et marocains, dont la firm italienne Pininfarina. Il vise à produire une partie de la voiture dans une usine marocaine. En effet, Faouzi ANNAJAH entend placer le Maroc et l’Afrique au centre de la dynamique mondiale autour des nouvelles mobilités. Pour cela, l’équipe NamX est forte de sa diversité:

” Dans l’équipe, nous représentons les pays des deux côtés de la Méditerranée. Nous partageons nos expériences. Ce sont ces forces que nous réunissons pour créer de nouveaux horizons”.

Le prototype HUV est une véritable solution de mobilité propre. Il s’agit de la première voiture au monde alimentée en partie par un système de réservoir amovible breveté qui promet un changement de paradigme dans l’expérience de la mobilité propre et de l’accès public à l’hydrogène.

Outre son réservoir principal, NamX dispose d’une astuce pour faire le plein sans perdre de temps. Il contient 6 capsules d’hydrogène dont on peut voir l’emplacement sous le logo à l’arrière de la voiture. L’avantage de ces capsules est qu’elles sont amovibles. On peut remplacer les vides par des pleines très facilement. L’usage de capsules comme réservoirs secondaires constitue une innovation de rupture qui ouvre la voie au déploiement à grande échelle de l’hydrogène pour les véhicules particuliers à travers un nouveau modèle de distribution énergétique.

On parle d’une motorisation de 300 chevaux pour le modèle de base. De quoi accomplir le 0 à 100 km/h en 6,5 secondes et d’atteindre 200 km/h. Le HUV est un SUV pur et musclé à hydrogène . Cette version offrira une puissance de 550 chevaux, un 0 à 100 km/h en 4,5 secondes et une vitesse de 250 km/h et dont le réservoir principal est complété par un ensemble de six pods d’une autonomie totale de 800 km, NamX annonce.

La production est prévue en France et les premières livraisons sont programmées en 2025. D’ici là, on en saura certainement davantage, notamment sur l’aménagement intérieur [ Lire le début de cet article, ou est présenté effectivement un vote sur le choix sur le Design de l’intérieur ]

#concept #hydrogène #hydrogen #festival #automobile #paris

NamX: New Automotive Mobility Exploration

Faouzi ANNAJAH• 1st CEO & Founder at NamX

Une grande Histoire commence demain pour NamX.

Colin Chapman, fondateur de l’illustre marque Lotus disait “Light is right” durant le règne des courses automobiles et des moteurs thermiques.

En 2022, nous disons “Green is right…”
Restez connectés pour découvrir cette aventure hors norme.
#futureofmobility #greentech #automotive #climat

Said El Mansour Cherkaoui Qualifications

Said El Mansour Cherkaoui … Continue reading Said El Mansour Cherkaoui Qualifications

SUPPORT AFRICA MOROCCO DIGITALL

🌎 Update and Initial Publications: 11/24/2022 – 7/12/2022 – 6/8/2022 – 5/30/2022 🌍 ★ Analyst World Affairs ★ Author ★ Elaboration of Predictive Studies ★ Keynote Speaker ★ Entrepreneurial Planning ★ Business Development ★ United States ★ Europe ★ France ★ Morocco ★ China ★ Sub-Saharan Africa ★

Author: 🌎 Said El Mansour Cherkaoui, Ph.D. 🌍

https://bagnolecherkaoui.wordpress.com/

Said El Mansour Cherkaoui

July 22, 2023 ·

Professional and Business Consulting and Training Operations – and Studies of Entrepreneurship, Development of Local, Regional and International Business by Said El Mansour Cherkaoui

Professional et Business Opérations de Consulting et de Formation et d’Etudes sur l’Entrepreneuriat, le Developpement des Affaires Locales, Régionales et Internationales par Said El Mansour Cherkaoui

Tate Yoko Research Institute – TRI

Espace Athlétique de Said El Mansour Cherkaoui

Said El Mansour Cherkaoui

Espace Athlétique de Said El Mansour Cherkaoui

Said El Mansour Cherkaoui

https://glocentra.com in English Version

AMERICAFRICA ENTREPRENEURSHIP – Global Center for Training

Said El Mansour Cherkaoui

GLOBAL CENTER FOR TRADE – GLOCENTRADE

https://glocentrade.wordpress.com/

Said El Mansour Cherkaoui

https://fr.glocentra.com – Version Française

Glocentra – Centre Formation Entrepreneuriat – Centre Global de Formation – Global Center for Training

Said El Mansour Cherkaoui

Global Center of Trade en Français

Glocentra

Global Center for Training

Said El Mansour Cherkaoui

GLBAL LEVERAGE

https://globalleverage.wordpress.com/

Said El Mansour Cherkaoui

Africana Enterprise

Said El Mansour Cherkaoui

American Institute of Management at Oakland

Said El Mansour Cherkaoui

American Institute of Entrepreneurship in Africa

Groupes et Pages a Facebook qui sont la création et la gestion par Said El Mansour Cherkaoui

Mazagan Magazine

Mémoires Connaissances et Familles Made in Mazagan El Jadida Doukkala

DOUKKALA DÉ-COLLAGE

Made in Doukkala – Maroc

Morocco – Maroc – Marruecos

LIBÉRALISME & DÉVELOPPEMENT / LIBERALISM & DEVELOPMENT

Latin America – Amérique Latine – Amérique du Sud – South America

22/7/2023

U.S. High and Low Tech Down, Downsizing

Fourth round of layoffs hits Peloton

LinkedIn News – 10/6/2022

Peloton Interactive announced its fourth round of job cuts Thursday — this time affecting about 500 employees, or 12% of its 3,800 workforce. The beleaguered fitness-equipment company has reported losses for six straight quarters. While its popularity exploded during the pandemic — forcing it to jump from 3,700 employees in 2020 to more than 8,600 in 2021 — it has hit a series of hurdles as Americans return to pre-pandemic workout routines, resulting in several rounds of layoffs and a change of CEO. Current CEO Barry McCarthy said Thursday that the business has six months to prove it’s a “viable stand-alone company,” per The Wall Street Journal.

Peloton staffers who were impacted by Thursday’s layoffs are sharing on LinkedIn. See their posts below.

Max Frost• 3rd+Global Communications @ Peloton | Ex Airbnb, PwC | 2021 Adweek Executive Mentee7h • 7 hours agoFollow

I was laid off from Peloton today alongside 500 spectacular teammates and friends. I’m grateful for my time at the company and so proud of the work I did. I joined to lead social for CEO John Foley and didn’t know what to expect. It turned out to be the most professionally rewarding experience of my career.

I found out about Peloton after winning one in a raffle announced by Tina Fey (classic story). To go from that to working with the visionary behind it all was inconceivable. Thanks to input and help from MANY people across the organization, we:

– Grew John’s LinkedIn following from 8,626 to 46,316
– Produced over 14,000,000 organic views across social
– Had multiple posts featured in the media, including on CNBC

And at our peak, John’s posts were generating as many engagements as Jamie Dimon, Arianna Huffington, and Satya Nadella.

When restructuring hit in February, I picked up internal comms and ran with it. Soon I was partnering closely with leadership and contacts across the org to distribute critical info to 5,000+ team members, producing company-wide All Hands meetings in collaboration with the AV team, and authoring a global monthly newsletter. I also had the opportunity to support our public relations efforts during this wildly transformative phase of the business.

So much love for all the folks who helped make Peloton a great place to be. The list of people I could thank is endless: Hayley Verbeke Dara Treseder Kat Romaniuk Kathleen McDonald Adina Anand Anthony Perasso Pete Hernandez III Caitlin Berghela (Landsman) Katie Herndon Letena Lindsay Tom Cortese Michael Stanton Hisao Kushi Cindy De La Rosa Thansha Sadacharam Ali Wolff Cassidy Rouse Jessica Kleiman Bryant Brennan Kristy Millette Jayvee Nava Rhett Bradbury Chloe Lam Alia McCants Kate Winick Austin Quinn Chad Ramey Chris Reed April Lecato Tara Benjamin Fabian Graham Bart Goldstein Andrea Reyes Milena Ivanova Justin Kintz Lauren Gay (Shohat) and many more but I’ve reached my tag limit.

Looking forward to a few long runs on the West Side Highway, a Mets playoff game at Citi Field, and some decompressing in general. Thanks for the memories Peloton, can’t wait to use the lessons learned to make an impact somewhere new 🤝

Activate to view larger imagewith John Foley and 1 other

1,194
94 comments
7 reposts

Barry McCarthy • 3rd+CEO/President Peloton9h • Edited • 9 hours agoFollow

This week, we announced steps in our transformation journey designed to better position our company for long-term resilience. Unfortunately, these actions include a reduction in our global workforce, resulting in some of our Peloton team members losing their jobs.

These decisions are not easy, but with today’s announcement, we are positioned to turn the page to becoming a growth company. We are extremely grateful to these impacted team members, whose talent and commitment have helped build Peloton into what it is today.

We are providing support and resources to those affected during this transition by partnering with RiseSmart, an outplacement company, to create a public facing, opt-in website where impacted colleagues can share their experience and expertise with potential employers. If you are looking for talented folks to join your team, we encourage you to check out https://lnkd.in/eBAy-fQi. Former Peloton team member profiles are housed here and will continue to populate over the coming days and weeks, so please keep an eye on the site for talent that could be a great fit for your organization.

FirstLook

peloton.risesmart.com

Said E. Cherkaoui’s Social Media Platforms

★★ ★★ ★★ ★★ ★★ ★★ ★★

Visit the Link of Said El Mansour Cherkaoui

Global Public Relations Manager at Tate Yoko Research Institute – TRI

Tate Yoko Research Institute
Université Sorbonne Nouvelle (Paris III)

San Francisco Bay Area Email: saidcherkaoui@triconsultingkyoto.com

1,473 followers – 500+ connections

🌐 ★ Facebook ★ 🌐

★★ Groups and Pages ★ Groupes et Pages ★★

★ Friends Who Like American Institute of Management at Oakland
★ https://www.facebook.com/groups/837823549694820/

★★ ★★ ★★ ★★ ★★ ★★ ★★

🌐 Professional Affiliations 🌐

🌍 AFRICANA🌍 ENTREPRISE🌍 To develop a culture of entrepreneurship, innovation and social progress 🌍

https://www.linkedin.com/company/africaentreprise/

★ GL🌐BAL LEVERAGE ★ 🌎Africa, Americas, Asia, Europe and Middle East

https://www.linkedin.com/company/globalleverage/

🌍 Morocco Tech ★ MOROCCO DIGITALL

https://www.linkedin.com/company/moroccodigitall/

IT Services and IT Consulting Oakland, California

★

★ ★

★ ★

★ ★

Said El Mansour Cherkaoui, Ph.D.

🌍 ★ 1,211 followers ★ 500 + connections

★★ ★★ ★★ ★

Article posted on April 23, 2022

16,485 views / Lecteur/rices · 88 reactions · 79 comments / Commentaires · 16 reshares / partages

★★ ★★ ★★ ★

★

★ ★

★ ★

★ ★

WEBSITES and SOCIAL MEDIA – GROUPS / PAGES Created, Designed, Developed and Managed by Said El Mansour Cherkaoui

Said El Mansour Cherkaoui: GGU, CRM and NAFTA

Golden Gate University and Customer Relationship Management: Bridge to Said El Mansour Cherkaoui’s Research

Customer Relationship Management and Return On Investment

One of my early work on CRM when I was teaching at the School of Technology at the Golden Gate University, San Francisco while working as Executive Director of Business Development at a Silicon Valley Startup.

Since then, lot of waves and Pacific water has run under the Golden Gate while on the top of the Bridge it is still the same directional flow for car traffic with the differences, speed, price and level of competition. Innovative ways made these vehicles to be robotic, greener and ecologically sound.

All these transformations and movements happening around the globe are emulated at the plain field of business operations and business intelligence development.

As we say in another place where I had completed my academic instruction from the first year of University to the acquisition of Ph.D.:

“Plus ça change, plus ça reste la même chose.”

or as we say around here:

https://globalleverage.wordpress.com/northamerica-nafta-cusma/

Mexico City: August 1990 – Oakland – June 1992 – Paris, France – California: 8/29/2015 – to this date of 5/8/2022

Mexico – US – Canada

L’Accord de libre-échange nord-américain (ALÉNA) -Rencontre avec Cuauhtémoc Cárdenas

Cuauhtémoc Cárdenas Solórzano – Said El Mansour Cherkaoui [Spanish – English – French] – 1990 – 2022

“You can get the Kid out of the Hood but you can’t get the Hood out of the Kid.”

Mes FRÈRES DE MAZAGAN – EL JADIDA ET AILLEURS BROs OF MAZAGAN – EL JADIDA AND OTHER PLACES Congra Bro and keep up good work, this is just the start and wishing you the best of confirmation and evolution. I am also from the Hood too, from the Hood of Moroccan Little and Shiny City on the Atlantic Ocean. I am creating my own news outlets in form of articles I wrote and publish at these websites:

Dr. Said El Mansour Cherkaoui Links of Web and Social Media Sites

WEBSITES and SOCIAL MEDIA – GROUPS / PAGES Created, Designed, Developed and Managed by Said El Mansour Cherkaoui SITES WEB…

Google paid Apple $20B for search

Storyline feed updates

How many startups fail in USA?

Africa Dismay and Startup Going Down

TOP TEN African Startups Not Celebrating the New Year 2024

Morocco Made Automotive Drives and Strives

October Month World-Class Executive

Said El Mansour Cherkaoui Publications on NamX

Tesla Model Y & Model 3

Tesla Top Made in USA

BMW Robotechuman Assembly Line

Major crypto miner digging Chapter 11

The main monetary policy processes

“Monetary policy is to orient economic activity by regularizing the money supply “

Monetary policy instruments

Response from Said El Mansour Cherkaoui

Energy Price Comparison

Does Matt Damon have crypto regret?

A $200B crypto wipeout

Additional Publications on Money by Said El Mansour Cherkaoui

Comment bv Hamza Dalil

Publications by Said El Mansour Cherkaoui on Related Topics

Response of Said El Mansour Cherkaoui

Statement from U.S. Secretary of Commerce Gina Raimondo on Signing of CHIPS and Science Act

Office of Public Affairs – publicaffairs@doc.gov

US and China: Their Chips Challenges are Not Cheap

Continue Reading

About

Said El Mansour Cherkaoui – Post to African Moroccan World-Class Executives

Success Story – Annajah Story: NAMX dévoile un SUV à hydrogène conçu par Pininfarina avec des réservoirs de carburant amovibles

NamX: New Automotive Mobility Exploration

Fourth round of layoffs hits Peloton

WEBSITES and SOCIAL MEDIA – GROUPS / PAGES Created, Designed, Developed and Managed by Said El Mansour Cherkaoui

Golden Gate University and Customer Relationship Management: Bridge to Said El Mansour Cherkaoui’s Research

Mexico – US – Canada