Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, January 22, 2019

World Economy Forecast to Slow in 2019 Amid Trade Tensions

World Economy Forecast to Slow in 2019 Amid Trade TensionsBERN, LELEMUKU.COM - The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates.

The IMF said Monday that it expects global growth this year of 3.5 percent, down from 3.7 percent in 2018 and from the 3.7 percent it had forecast for 2019 back in October.

"After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising,'' said IMF Managing Director Christine Lagarde as she presented the new forecasts at the World Economic Forum in Davos, Switzerland.

The fund left its prediction for U.S. growth this year unchanged at 2.5 percent— though a continuation of the partial 31-day shutdown of the federal government poses a risk. The IMF trimmed the outlook for the 19 countries that use the euro currency to 1.6 percent from 1.8 percent.

Growth in emerging-market countries is forecast to slow to 4.5 percent from 4.6 percent in 2018. The IMF expects the Chinese economy— the world's second biggest— to grow 6.2 percent this year, down from 6.6 percent in 2018 and slowest since 1990.

The World Bank and the Organization for Economic Cooperation and Development have also downgraded their world growth forecasts.

Britain's messy divorce from the European Union and Italy's ongoing financial struggles pose threats to growth in Europe.

And rising trade tensions pose a major risk to the wider world economy. Under President Donald Trump the United States has imposed import taxes on steel, aluminum and hundreds of Chinese products, drawing retaliation from China and other U.S. trading partners.

"Higher trade uncertainty will further dampen investment and disrupt global supply chains," said IMF chief economist Gita Gopinath.

Rising interest rates in the U.S. and elsewhere are also pinching emerging-market governments and companies that borrowed heavily when rates were ultra-low in the aftermath of the 2007-2009 Great Recession.

As the debts roll over, those borrowers have to refinance at higher rates. A rising dollar is also making things harder for emerging-market borrowers who took out loans denominated in the U.S. currency. (VOA)

Monday, January 21, 2019

China's 2018 Economic Growth Edges Down Amid Trade War

China's 2018 Economic Growth Edges Down Amid Trade WarBEIJING, LELEMUKU.COM - China's 2018 economic growth decelerated to 6.6 percent after activity in the final quarter of the year declined amid a tariff battle with Washington.

Data announced Monday showed economic growth cooled to a post-global crisis quarterly low of 6.4 percent in the three months ending in December from the previous quarter's 6.5 percent.

Chinese economic growth has been slowing since regulators tightened controls on bank lending in late 2017 to rein in a debt boom.

Growth held up through much of 2018 despite President Donald Trump's tariff hikes on Chinese goods in a fight over Beijing's technology ambitions. But exports contracted in December as the penalties began to dampen demand.

Growth in investment, retail sales and other indicators also slowed. (VOA)

Russian Media Watchdog, Roskomnadzor Moves Against Facebook and Twitter

Russian Media Watchdog, Roskomnadzor Moves Against Facebook and TwitterMOSCOW, LELEMUKU.COM - Russia's communication watchdog, Roskomnadzor, opened "administrative proceedings" Monday against Facebook and Twitter for non-compliance with country’s data laws, Interfax news agency reported.

Roskomnadzor head Alexander Zharov is quoted as saying that U.S. social media giants have a month to comply or face legal proceedings.

According to Roskomnadzor, Facebook and Twitter have not explained how and when they would comply with legislation that requires all servers used to store Russians' personal data to be located in Russia.

Russia has introduced stricter internet laws in the past five years, among other things requiring search engines to share encryption keys with Russian security services.

In April last year, thousands rallied in Moscow in support of internet freedom after Russian authorities attempted to block access to the popular messaging app Telegram.

Telegram had refused to give state intelligence services access to private conversations which are usually encrypted. (VOA)

Sunday, January 20, 2019

As US-China Relations Cool, Iowa Farmers Hope History With Chinese Preserves Trade

As US-China Relations Cool, Iowa Farmers Hope History With Chinese Preserves TradeWASHINGTON, LELEMUKU.COM - The trade war between Washington and Beijing is hurting farmers who grow huge amounts of soybeans in Iowa for export to the massive Chinese market.

Farmers in Iowa hope that the strong commercial and close personal relationships that China and the U.S. farm state have nurtured for many years will help the two sides overcome complications like the record U.S. trade deficit with China.

Chinese President Xi Jinping has visited Iowa farmers repeatedly over the past couple of decades and former Iowa governor Terry Branstad is now the U.S. ambassador to Beijing.

The close ties have been strained by Washington’s allegations that China unfairly manipulates markets, steals American intellectual property, and creates bureaucratic obstacles to trade. China also accuses the United States of unfair practices.

Tariff war

The United States imposed tariffs on Chinese exports, and Beijing retaliated with tariffs on American agricultural products.

That meant that Iowa soybeans were more expensive and less competitive on global markets.

Demand for U.S. soybeans — and prices paid to U.S. farmers — plunged $85 a metric ton.

An Iowa farmer who manages several farms, including 153 hectares of soybeans, says his profits fell 100 percent for 2018. David Miller is not happy to lose money but says without the tariffs, China would not pay any attention to the talks.

Needing each other

China really needs what Iowa produces, according to Grant Kimberley, the marketing manager for the Iowa Soybean Association, who has been to China more than 20 times.

“China needs soybeans ... because their middle class has grown, and that means they are eating more protein in their diet, more meat, and if you have more meat production, you have to have more soybeans to feed those animals,” he said.

Kimberley’s family runs a 600 hectare farm, 48 kilometers from Des Moines, which was one of the places visited by Xi, who saw that it uses more advanced equipment and technology than is available to Chinese farmers.

The former director of Iowa’s department of natural resources, Roger Lande, and his wife, Sarah, have twice hosted Xi, at their home in the small town of Muscatine.

Roger Lande says sometimes China does things “we don’t like,” but all relationships, with family, friends and business associates, have ups and downs.

Kimberley is optimistic things will work out.

“Because that’s a long-standing relationship that’s been in place for 35 years,” he said. And “I think the overall underlying support and the people that are involved between the states and the province is still strong. And, and everybody recognizes that, over the long term, eventually this will get resolved,” he added.

Nevertheless, some farmers and U.S. experts worry that a lengthy dispute could mean American farmers permanently lose much of this crucial market.

As tariffs raised the cost of U.S. soybeans, Chinese pork producers have bought more beans from Brazil and other nations. In the future, they might also encourage Chinese farmers to boost production, or use more corn to feed their livestock. (VOA)

China Expected to Report Slowest Growth in 28 Years

China Expected to Report Slowest Growth in 28 YearsBEIJING, LELEMUKU.COM - China is expected to report Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Growing signs of weakness in China, which has generated nearly a third of global growth in the past decade, are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.

Chinese policymakers have pledged more support for the economy this year to reduce the risk of massive job losses, but they have ruled out a flood of stimulus like that which Beijing has unleashed in the past, which quickly juiced growth rates but left a mountain of debt.

Estimated 2018 GDP: 6.6 percent

Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.4 percent in the October-December quarter from a year earlier, slowing from the previous quarter’s 6.5 percent pace and matching levels last seen in early 2009 during the global financial crisis.

That could pull 2018 gross domestic product (GDP) growth to 6.6 percent, the lowest since 1990 and down from a revised 6.8 percent in 2017.

With stimulus measures expected to take some time to kick in, most analysts believe conditions in China are likely to get worse before they get better, and see a further slowdown to 6.3 percent this year. Some analysts believe real growth levels are much weaker than official data suggest.

Even if China and the United States agree on a trade deal in current talks, which is a tall order, analysts said it would be no panacea for the sputtering Chinese economy unless Beijing can galvanize weak investment and consumer demand.

Prevent deflation, recession

Chen Xingdong, chief China economist at BNP Paribas, said investors should not expect the latest round of stimulus to produce similar results as during the 2008-09 global crisis, when Beijing’s huge spending package quickly boosted growth.

“What China can really do this year is to prevent deflation, prevent a recession and a hard landing in the economy,” Chen said.

On a quarterly basis, growth likely eased to 1.5 percent in October-December from 1.6 percent in the preceding period.

China will release its fourth-quarter and 2018 GDP data Monday (0200 GMT), along with December factory output, retail sales and fixed-asset investment.

Since China’s quarterly GDP readings tend to be unusually steady, most investors prefer to focus on recent trends.

Hints economy cooling quickly

Surprising contractions in December trade data and factory activity gauges in recent weeks have suggested the economy cooled more quickly than expected at the end of 2018, leaving it on shakier footing at the start of the new year.

Sources have told Reuters that Beijing was planning to lower its growth target to 6-6.5 percent this year from around 6.5 percent in 2018.

Tepid expansion in industrial output and weaker consumer spending is squeezing companies’ profit margins, discouraging fresh investment and raising the risk of higher job losses.

Some factories in Guangdong, China’s export hub, have shut earlier than usual ahead of the long Lunar New Year holiday as the tariff war with the United States curtails orders. Others are suspending production lines and cutting back on workers’ hours.

If the trade war drags on, some migrant workers may not have jobs to return to.

Trade talk deadline

Trade negotiators are facing an early March deadline and Washington has threatened to sharply hike tariffs if there are no substantial signs of progress.

So far, Chinese policymakers have fast-tracked construction projects and cut taxes and some import duties to spur demand.

To free up more funds for lending, particularly to more vulnerable smaller firms, the central bank has cut the amount banks need to set aside as reserves (RRR) five times over the past year, and guided borrowing costs lower.

Further RRR reductions are expected in coming quarters, but most analysts do not see a cut in benchmark interest rates just yet, as policymakers wait to see if earlier steps begin to stabilize conditions. More forceful easing could pressure the yuan and aggravate high debt levels, with money going into less efficient or speculative investments.

The government may unveil more fiscal stimulus measures during the annual parliament meeting in March, including bigger tax cuts and more spending on infrastructure projects, analysts say.

Some China watchers believe the government could deliver 2 trillion yuan ($295.13 billion) worth of cuts in taxes and fees this year, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects.

Still, some analysts do not expect the economy to bottom out convincingly until summer. (VOA)

Humanitarian Issues to Figure Prominently at Davos Forum

Humanitarian Issues to Figure Prominently at Davos ForumBERN, LELEMUKU.COM - Heads of U.N. and international aid agencies will use the World Economic Forum’s influential platform to present humanitarian and human rights issues on behalf of millions of people caught in conflict, poverty and natural disasters. The Forum begins its annual weeklong meeting in the plush Swiss Alpine resort of Davos on Monday.

The World Economic Forum is best known for the many high-powered government and business leaders who make the annual pilgrimage to Davos to acquire lucrative deals and shape geopolitical events.

But the annual event also presents a robust humanitarian agenda. This year, the Forum, World Bank and International Committee of the Red Cross will launch a Humanitarian Investing Initiative. The aim is to seek new solutions for protracted humanitarian crises by moving from short-term to long-term funding to support fragile communities.

United Nations aid agencies will feature prominently during the week-long meeting. The World Food Program’s executive director, David Beasley, will co-host events, such as 'conflict and hunger' and 'the use of digital technology in the humanitarian sector.'

WFP spokesman Herve Verhoosel says the group will be seeking support for its operations. He says many of the companies attending Davos understand that investments in food security are fundamental to business success.

“It saves lives and builds stronger markets around the world. In fact, it can increase GDPs by up to 16.5 percent and a person’s lifetime earnings by 46 percent,” he said.

With more than 3,000 of the world’s movers and shakers from 110 countries present, aid agencies see the Forum as a valuable opportunity to strengthen relationships with world leaders and keep their life-saving missions on the world’s agenda.

The U.N. High Commissioner for Human Rights, Michelle Bachelet will be attending events on a wide range of topics. Her spokeswoman, Ravina Shamdasani, says these include LGBTI or Lesbian, Gay, Bi-sexual, Transgender and Intersex standards in businesses, and human rights and democracy in a changing world.

“A couple of events on women’s rights as human rights and female leadership. The importance of women playing a role in global affairs by creating a new architecture that allows them to fully participate as leaders and shapers,” she said.

The head of the U.N. Children’s Fund, Henrietta Fore will champion the needs of children and young people who are caught up in humanitarian crises or are being left behind because of extreme poverty and lack of development.

U.N. Development Program Administrator, Achim Steiner will seek to raise $100 million from Davos’ wealthy clientele to protect wild animals and their habitats. (VOA)

As Prices Soar, Zimbabweans Haunted By Memories of Hyperinflation

As Prices Soar, Zimbabweans Haunted By Memories of HyperinflationHARARE, LELEMUKU.COM - Before prices of basic goods spiked in Zimbabwe this month, cab driver and father-of-six Victor Makazhu could buy nearly two weeks of groceries for $45. Now that sum will get him less than seven days’ worth.

Inflation soared to a 10-year high above 40 percent in December and has probably risen further since President Emmerson Mnangagwa last week raised fuel prices by 150 percent, leading to protests that have triggered a crackdown by security forces.

“At the moment I cannot afford adequate food for my family,” Makazhu said after shopping for staples in central Harare on Thursday.

“These groceries will not last me a week,” he told Reuters, pointing to 2 kg packs of sugar, rice, flour and maize meal and milk.

The southern African nation dumped its hyperinflation-wrecked currency in 2009 and adopted the dollar.

Over time, supplies of dollars have dried up and, in November 2016, authorities in Harare launched a surrogate - ‘bond notes’ covered by a hard currency loan and pegged at 1:1 to the dollar.

On the street, however, $1 now fetches up to three bond notes, leaving citizens able to do little but watch as the money in their bank accounts loses value compared with hard cash.

Few could blame Zimbabweans for feeling a sense of deja vu.

While nowhere near the 500 billion percent hyperinflation of the crisis of 2008, the country is again grappling with soaring prices and shortages of fuel and medicines.

After four hours of what locals call ‘speculative queueing’ outside a filling station in the centre of town, schoolteacher Gilbert Kepekepe was still nowhere near getting served.

Before the latest price increase he used to spend $230 to fill his tank, which he did twice a month. Now that would cost him $528.

“I will have to probably cut on some other things or simply decide not to drive to work. But the other question is, ‘is it cheaper to use public transport’,” said Kepekepe

Analysts said the fuel price hike would trickle down to other basic goods and services, and public taxis known as “kombis” have at least doubled their fares in the last two weeks. (VOA)

Germany Bans Iran's Mahan Air amid Security Concerns

Germany Bans Iran's Mahan Air amid Security ConcernsBERLIN, LELEMUKU.COM - Germany has banned Iran's Mahan Air from landing in the country with immediate effect, citing security concerns and the airline's involvement in Syria, officials said Monday.

Mahan Air is on a U.S. sanctions list and Washington has long urged allies to ban the airline from their territory.

The decision to ban it came after consultations with European allies and the U.S., Chancellor Angela Merkel's spokesman Steffen Seibert told reporters.

"It cannot be ruled out that this airline carries out transports to Germany that affect our security concerns," he said.

"This is especially true against the backdrop of terrorist activities, intelligence on terrorist activities from the Iranian side and Iranian entities in Europe in the past."

U.S. Secretary of State Mike Pompeo welcomed the German decision.

"The airline transports weapons and fighters across the Middle East, supporting the Iranian regime's destructive ambitions around the region," he said in a tweet. "We encourage all our allies to follow suit."

The airline had several weekly flights between Tehran and German cities.

Foreign Ministry spokesman Christofer Burger said the decision was taken to safeguard Germany's "foreign and security policy interests," citing increasing evidence of Iranian intelligence activity in Europe.

In addition, he said the airline has ties to Iran's Revolutionary Guard and provides military transport flights to Syria. Iran has supported Syria's President Bashar Assad.

The move comes at a time of particularly sensitive relations with Iran. Germany plays a large role in trying to salvage the 2015 nuclear deal with Tehran after U.S. President Donald Trump's decision to unilaterally pull out last year.

It was the latest of several issues, however, that have caused friction.

Among other things, German prosecutors said last week they had detained a 50-year-old German-Afghan dual citizen who had worked as a translator for the army on suspicion he had been spying for Iran.

Iran's Foreign Ministry dismissed the allegations on the weekend, saying that "enemies" were aiming to "sour relations" between Iran and Europe.

And last year, Germany's central bank changed its conditions allowing it to block transfers unless it receives assurances a transaction doesn't violate financial sanctions or money-laundering rules - prompting Iran to rescind a request to repatriate 300 million euros ($341 million) from a Hamburg-based bank. (VOA)

Friday, January 18, 2019

Microsoft Pledges $500 Million to Ease Seattle Housing Crisis

WASHINGTON, LELEMUKU.COM - Microsoft pledged $500 million to address homelessness and develop affordable housing in response to the Seattle region’s widening affordability gap.

Most of the money will be aimed at increasing housing options in the Puget Sound region for low- and middle-income workers at a time when they’re being priced out of Seattle and some of its suburbs, and when the vast majority of new buildings target wealthier renters, said Microsoft President Brad Smith.

The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing, The Seattle Times reported. In comparison, the amount dwarfs the $100 million in annual funding for Washington state’s Housing Trust Fund.

It’s too early to say exactly how much affordable housing will ultimately result from the $500 million, Microsoft officials said. Smith said the company, based in the Seattle suburb of Redmond, hopes to leverage the fund to help create “tens of thousands of units.”

Funds split three ways

The initiative comes as Microsoft and other tech giants that have driven the region’s economic boom face increasing pressure to help mitigate affordable-housing shortages. Microsoft is coupling its contributions with a call for other companies to step up, and for Seattle’s Eastside suburbs, of which Redmond is one, to facilitate more housing.

The company, which plans a news conference Thursday, will split the funds three ways.

Microsoft will loan $225 million at below-market interest rates to help developers facing high land and construction costs build and preserve “workforce housing” on the Eastside, where the company has 50,000 workers and is planning for more. The developments will be aimed at households making between $62,000 and $124,000 per year.

Secondly, $250 million will go toward market-rate loans for construction of affordable housing across the Puget Sound region for people making up to 60 percent of the local median income ($48,150 for a two-person household). The remaining $25 million will be donated to services for the region’s low-income and homeless residents.

Acknowledging the reality

Smith said he views the fund as an acknowledgment of the economic realities faced by low-salary workers at the company and elsewhere in King County.

“At some level we as a region are going to need to either say there are certain areas where we’re comfortable having more people live, or we just want permanently to force the people who are going to teach our kids in schools, and put out the fires in our houses and keep us alive in the hospital, to spend four hours every day getting to and from work,” he said. “That is not, in our view, the best outcome for the community.” (VOA)

Wednesday, January 16, 2019

Razor Burn, Gillette Ad Stirs Online Uproar

Razor Burn, Gillette Ad Stirs Online UproarWASHINGTON, LELEMUKU.COM - A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash, with accusations that it talks down to men and groups calling for a boycott. But Gillette says it doesn't mind sparking a discussion. Since it debuted Monday, the Internet-only ad has garnered nearly 19 million views on YouTube, Facebook and Twitter — a level of buzz that any brand would covet.

The two-minute ad from Procter & Gamble's razor brand shows men and boys engaging in bullying and sexual harassment and encourages men to "say the right thing" and "act the right way." Taking on bullying, sexual harassment and toxic masculinity is a big task for a razor brand. Many critics took to social media saying it was insulting to men and laden with stereotypes.

The uproar comes as Gillette battles upstarts like Harrys Razors, Dollar Shave Club, and others for millennial dollars. Gillette controlled about 70 percent of the U.S. market a decade ago. Last year, its market share dropped to below 50 percent, according to Euromonitor.

Allen Adamson, co-founder of branding firm Metaforce, called the ad a "hail Mary" pass from the 117-year-old company. But he added that online buzz, whether positive or negative, rarely makes a long-term difference for a marketer since memory fades quickly.

"Getting noticed and getting buzz is no easy task, and they've managed to break through," Adamson said. "Most advertisers advertise, and no one notices because there is so much noise in the marketplace, so just getting noticed Is a big win, especially for low-interest category like a razor."

On the flip side, it probably won't sell many razors either, he said.

Gillette's ad echoes other attempts by major advertisers to take on social issues. Pepsi pulled an ad in 2017 showing Kendall Jenner giving a cop a Pepsi during a protest and apologized after an outcry that it trivialized "Black Lives Matter" and other protest movements. Nike polarized the nation with an ad featuring ex-NFL player Colin Kaepernick who started a wave of protests among NFL players of police brutality, racial inequality and other social issues.

Sales weren't affected in either of those cases. When controversy does affect sales, it is usually over something more substantive than an ad. Lululemon saw sales tumble in 2013 after a string of PR disasters including manufacturing problems that caused their pricey yoga pants to become see through and fat-shaming comments from their founder. But even that was short lived.

Ronn Torossian, CEO of 5WPR, said that much like Nike's Kaepernick ad, Gillette likely knew the ad would garner online debate.

"Nike knew what they were getting themselves into," Torossian said. The ad with Kapernick was "making a lot of noise, and it can't be a surprise to [Gillette] that this is making a lot of noise."

Gillette response

P&G, one of the world's largest advertisers, is known for its anthemic spots that appeal to emotions during the Olympics and other events, often aimed at women, such as the tear-jerking "Thank You Mom" Olympics branding campaign and Always "Like a Girl" 2014 Super Bowl ad.

Pankaj Bhalla, North America brand director on Gillette, says the controversy was not the intended goal of the ad, which is part of a larger campaign that takes a look at redefining Gillette's longtime tagline "The Best a Man Can Get," in different ways. Another online ad features one-handed NFL rookie Shaquem Griffin.

While he doesn't want to lose sales or a boycott over the ad, "we would not discourage conversation or discussion because of that," he said.

"Our ultimate aim is to groom the next generation of men, and if any of this helps even in a little way we'll consider that a success," he said.

Larry Chiagouris, marketing professor at Pace University, is skeptical.

"Treating people with respect, who can argue with that, but they're kind of late to the party here, that's the biggest problem," he said. "It's gratuitous and self-serving." (VOA)

Saturday, December 29, 2018

2018, Social Media’s Year of Falling From Grace

2018, Social Media’s Year of Falling From GraceWASHINGTON, LELEMUKU.COM - Silicon Valley has enjoyed years of popularity and growing markets. But 2018 has been rocky for the industry.

Data breaches, controversies over offensive speech and misinformation — as well as reports of foreign operatives’ use of their services — have left many people skeptical about the benefits of social media, experts say.

Worries about social media in Congress meant tech executives had to testify before committees several times this year.

“2018 has been a challenging year for tech companies and consumers alike,” said Pantas Sutardja, chief executive of LatticeWork Inc., a data storage firm. “Company CEOs being called to Congress for hearings and promising profusely to fix the problems of data breach but still cannot do it.”

An apology tour

Facebook drew the most scrutiny. The social networking giant endured criticism after revelations that its lax oversight allowed a political consulting firm to exploit millions of its users’ data.

In the spring, Mark Zuckerberg, Facebook’s chief executive, went on what was dubbed “an apology tour” to tell users that the company would do a better job of protecting their data.

The California firm faced other problems when data breaches at the site compromised user information. Other sharp criticism hit Facebook when false reports on its site sparked violence in places like Myanmar and Sri Lanka.

Using social media to sow division

“Are America’s technology companies serving as instruments of freedom?” asked Kevin McCarthy, R-California and the House Majority Leader during a congressional hearing. “Or are they serving as instruments of manipulation used by powerful interests and foreign governments to rob the people of their power, agency, and dignity?”

Adding to concerns, the year saw new revelations of foreign operatives using social media to secretly spread divisive and often bogus messages in the U.S. and worldwide.

“It doesn’t matter to whose benefit they were operating,” said Walt Mossberg, a former tech columnist with the Wall Street Journal. “What bothers people here is that a foreign country, using our social networks, digital products and services that we have come to feel comfortable in … has come in and used that against us.”

Tech workers stand up

In addition to data privacy and misinformation, online speech became a big issue this year. Under pressure, social media companies like YouTube, Twitter and Facebook’s Instagram tightened restrictions on the kinds of speech they tolerate on their sites.

Tech workers pressed managers about their company’s government contracts, and Google workers staged a worldwide walkout over the treatment of female colleagues.

The issue of user data has led some companies such as LatticeWork, a data storage firm, to create new ways for users to protect their data and themselves. Playing off people’s concerns about data, LatticeWorks markets its products as a way to “bring your data home.”

#DeleteFacebook?

What’s unclear however is whether concerns about personal data and tech company decisions will spur users to leave these services. Facebook revelations prompted some like Mossberg to give up Facebook and its other services such as Instagram. He wants federal law to limit U.S. internet firms collection and use of user data.

“Governments and citizens of countries around the world need the right to regulate them without closing down free speech,” he said. “And that’s tricky.”

Some congressional members have vowed to pass a federal data privacy bill in the coming year, something that tech firms say they support.

But whether new regulations build trust in digital services remains to be seen. (VOA)

Tuesday, December 25, 2018

Scandal-Plagued Facebook Goes on Charm Offensive in Vietnam

Scandal-Plagued Facebook Goes on Charm Offensive in Vietnam   HANOI, LELEMUKU.COM - Before Facebook, Vu Kim Chi thought something was lacking in her job, which is to promote the economy in and around Vietnam's famed Ha Long Bay. Posting updates to her department's website, or photocopying missives to send to constituents, she said, was mostly one-sided.

But after she set up an official Facebook page for Quang Ninh province, the conversations started to flow in both directions, between Chi and the local residents or businesses. That's why, when it comes to social media, she thinks more civil servants need to catch up with the rest of the country.

"Social media, especially the Facebook application, is really used a lot in Vietnam," said Chi, who is deputy head of the province's investment promotion and support office. "But for public agencies that use it as a tool to interact with people and businesses, it's still not necessarily used a lot."

Facebook on charm offensive

Even as governments around the world are demanding more accountability and transparency from Facebook, public officials in Vietnam are looking for more ways to use the website. And Facebook is happy to oblige.

The company is on something of a charm offensive in Vietnam, where it has roughly 42 million members, nearly half the country. Besides sending top officials to visit Vietnam last year, Facebook has been instructing small businesses on how to sell their products on the site, and now it is giving civil servants like Chi advice for engaging with the public.

The chance to win some good will in Vietnam comes at a time when pressures are piling up on Facebook both inside the country and abroad. Globally, it has been accused of complicity in plots to convince voters to vote for Brexit or for candidate Donald Trump, as well as in what the United Nations calls ethnic cleansing in Myanmar. The company reportedly paid for research that could damage its critics' and competitors' reputations, as well as gave users' data to dozens of other firms without consent.

New cyber law

In Vietnam, the government told advertisers to boycott Facebook and other sites in response to users' postings that criticized the one-party state. Next month, the country will enact a cyber law requiring firms to store data domestically, which Facebook opposes.

But those troubles were not front and center at a workshop in Ho Chi Minh City this month where a company representative gave bureaucrats tips on making a Facebook page.

"We have to understand and put more attention to the social aspect of the platform," said Noudhy Valdryno, who handles government outreach for Facebook. "That means you have to understand your followers, who are they, where do they live, what are their interests? Then you can formulate an accurate strategy to engage with your followers."

The workshop included suggestions for government officials, such as posting updates on Facebook at regular intervals, shooting videos vertically to retain the attention of mobile users, and encouraging conversations among followers on the page.

Tech companies welcome

The event was an example of how Vietnamese officials are open to working with the tech company. It is so ubiquitous in the Southeast Asian country that when Vietnamese people say "social media" they mean Facebook, and when asked what newspapers they read, they give the answer: Facebook.

"What we're talking about is effective use of technology in this day and age to achieve our goals," said Le Quoc Cuong, vice director of the Ho Chi Minh City department of information and communications. "What we're looking for is being effective, being engaging and enhancing cooperation between the government and the people."

Chi says more Facebook data would help her better engage with residents around Quang Ninh, a northeastern province that hugs the Pacific Ocean on one side and the Chinese border on another. She would like regular reports, perhaps every month, with information to help analyze the province's fan page, from key words to number of "likes." So as many people worldwide have begun to decry tech companies for abusing and cashing in on users' data, there are those who still continue to see untapped potential in gathering further data. (VOA)

Wednesday, December 5, 2018

Iran Vows to Close Key Strait if US Cuts Off Oil Exports

Iran Vows to Close Key Strait if US Cuts Off Oil ExportsTEHRAN, LELEMUKU.COM - Iranian President Hassan Rouhani on Tuesday repeated his threat to close the Strait of Hormuz, the passageway for nearly a third of all oil traded by sea, if the U.S. shuts off Iran's oil exports.

State TV quoted Rouhani as saying that “if someday, the United States decides to block Iran's oil (exports), no oil will be exported from the Persian Gulf.”

The strait at the mouth of the Persian Gulf is crucial to global energy supplies.

Rouhani also pledged that the United States would not be able to prevent Iran from exporting its crude.

Rouhani has made similar threats in the months since President Donald Trump withdrew the U.S. from the 2015 nuclear deal and began restoring sanctions. Trump has vowed to eventually cut off all Iranian oil exports, but the administration has given waivers to several countries.

The tough talk from Rouhani, a relative moderate, has meanwhile been warmly received by his domestic hardline rivals.

Brian Hook, the U.S. representative for Iran policy, dismissed Rouhani's threat, noting that Iran does not control the Strait of Hormuz.

“The strait is an international waterway. The United States will continue to work with our partners to ensure freedom of navigation and the free flow of commerce in international waterways." (VOA)

Thursday, November 29, 2018

With An Eye on Past Problems, Facebook Expands Local Feature

With An Eye on Past Problems, Facebook Expands Local FeatureWith An Eye on Past Problems, Facebook Expands Local Feature
WASHINGTON, LELEMUKU.COM - Facebook is cautiously expanding a feature that shows people local news and information, including missing-person alerts, road closures, crime reports and school announcements.

Called “Today In,” the service shows people information from their towns and cities from such sources as news outlets, government entities and community groups. Facebook launched the service in January with six cities and expanded that to 25, then more. On Wednesday, “Today In” is expanding to 400 cities in the U.S. — and a few others in Australia.

The move comes as Facebook tries to shake off its reputation as a hotbed for misinformation and elections-meddling and rather a place for communities and people to come together and stay informed.

Here are some things to know about this effort, and why it matters:

The big picture

It's something users have asked for, the company says. Think of it as an evolution of a “trending” feature the company dropped earlier this year. That feature, which showed news articles that were popular among users, but was rife with such problems as fake news and accusations of bias.

Anthea Watson Strong, product manager for local news and community information, said her team learned from the problems with that feature.

“We feel deeply the mistakes of our foremothers and forefathers,” she said.

This time around, Facebook employees went to some of the cities they were launching in and met with users. They tried to predict problems by doing “pre-mortem” assessments, she said. That is, instead of a “post-mortem” where engineers dissect what went wrong after the fact, they tried to anticipate how people might misuse a feature — for financial gain, for example.

Facebook isn't saying how long it has been taking this “pre-mortem” approach, though the practice isn't unique to the company. Nonetheless, it's a significant step given that many of Facebook's current problems stem from its failure to foresee how bad actors might co-opt the service.

Facebook also hopes the feature's slow rollout will prevent problems.

How it works

To find out if “Today In” is available in your city or town, tap the “menu” icon with the three horizontal lines. Then scroll down until you see it. If you want, you can choose to see the local updates directly in your news feed.

For now, the company is offering this only in small and mid-sized cities such as Conroe, Texas, Morgantown, West Virginia, and Santa Fe, New Mexico. Large cities such as New York or Los Angeles have added challenges, such as an abundance of news and information, and may need to be broken up into smaller neighborhoods.

The posts in “Today In” are curated by artificial intelligence; there is no human involvement. The service aggregates posts from the Facebook pages for news organizations, government agencies and community groups like dog shelters. For this reason, a kid couldn't declare a snow day, because “Today In” relies on the school's official page. Discussion posts from local Facebook groups may also be included.

For now, the information is tailored only by geography, but this might change. A person with no kids, for example, might not want to see updates from schools.

Safeguards?

Facebook uses software filters to weed out objectionable content, just as it does on people's regular news feed. But the filters are turned up for “Today In.” If a good friend posts something a bit objectionable, you are still likely to see it because Facebook takes your friendship into account. But “Today In” posts aren't coming from your friends, so Facebook is more likely to keep it out. (VOA)

Tuesday, November 27, 2018

Apple to Tutor Women in Tech in Bid to Diversify Industry

Apple to Tutor Women in Tech in Bid to Diversify Industry
WASHINGTON, LELEMUKU.COM - Apple is launching a new program designed to address the technology industry's scarcity of women in executive and computer programming jobs.

Under the initiative announced Monday, female entrepreneurs and programmers will attend two-week tutorial sessions at the company's Cupertino, California, headquarters.

The camps will be held every three months beginning in January. For each round, Apple will accept up to 20 app makers founded or led by a woman. The app maker must have at least one female programmer in its ranks to qualify. Apple will cover travel expenses for up to three workers from each accepted company.

Like other major tech companies, Apple has been trying to lessen its dependence on men in high-paying programming jobs. Women filled just 23 percent of Apple's technology jobs in 2017, according to the company's latest breakdown. That's only a slight improvement from 20 percent in 2014, despite the company's pledge to diversify its workforce.

The idea behind the new camp is to keep women interested and immersed in the field, said Esther Hare, Apple's senior director of world developer marketing.

It's not clear how much of a dent Apple's new program will have. Google also offers training for girls and women pursuing careers in technology, but its program hasn't done much to diversify the workforce so far. Women were hired for nearly 25 percent of Google's technology jobs in 2017, up from nearly 21 percent in 2014, according to the company.

Apple and other technology companies maintain that one of the main reasons so many men are on their payrolls is because women traditionally haven't specialized in the mathematical and science curriculum needed to program.

But industry critics have accused the technology companies of discriminating again women through a male-dominated hierarchy that has ruled the industry for decades.

Apple isn't saying how much it is spending on the initiative, though beyond travel expenses, the company will be relying on its current employees to lead the sessions. (VOA)

African Fishing Communities Face 'Extinction' as Blue Economy Grows

African Fishing Communities Face 'Extinction' as Blue Economy GrowsNAIROBI, LELEMUKU.COM - Fishing communities along Africa's coastline are at a greater risk of extinction as countries eye oceans for tourism, industrial fishing and exploration revenue to jumpstart their "blue economies," U.N. experts and activists said on Monday.

The continent's 38 coastal and island states have in recent years moved to tap ocean resources through commercial fishing, marine tourism and sea-bed mining, according to the United Nations Economic Commission for Africa (UNECA).

"There is a great risk and a great danger that those communities will be marginalized," said Joseph Zelasney, a fishery officer at U.N.'s Food and Agriculture Organization (FAO).

"The resources that they depend on will be decimated," he added at a side event at the Blue Economy Conference organized by Kenya, Canada and Japan in Nairobi.

The world's poorest continent hosts a blue economy estimated at $1 trillion but loses $42 billion a year to illegal fishing and logging of mangroves along the coast, according to UNECA estimates.

Seismic waves generated by prospectors to search for minerals, oil and gases along the ocean floor have scared away fish stocks, said Dawda Saine of the Confederation of African Artisanal Fishing in Gambia.

"Noise and vibration drives fishes away, which means they (fishermen) have to go further to fish," Saine said.

Pollution from a vibrant tourism sector and foreign trawlers have reduced stocks along the Indian Ocean, Salim Mohamed, a fisherman from Malindi in Kenya, said.

"We suffer as artisanal fishers but all local regulation just look at us as the polluter and doesn't go beyond that," he said.

The continent's fish stocks are also being depleted by industrial trawlers which comb the oceans to feed European and Asian markets, experts say, posing a threat to livelihoods and food security for communities living along the coast.

Growth of blue economies in Africa could also take away common rights to land and water along the coastline and transfer them to corporations and a few individuals, said Andre Standing, advisor with the Coalition for Fair Fisheries Arrangements.

Most of the land and beaches along Africa's thousands of miles of coastline is untitled, making it a good target for illegal acquisition, activists said.

"There is a great worry that we could see privatization of areas that were previously open to these communities," Standing told the Thomson Reuters Foundation. "We need to have a radical vision that values communities and livelihoods or they will become extinct." (VOA)

App Shows US, Canadian Commuters the Cleanest, Greenest Route Home

App Shows US, Canadian Commuters the Cleanest, Greenest Route HomeVANCOUVER, LELEMUKU.COM -  mobile application launched in dozens of U.S. and Canadian cities on Monday measures the planet-warming greenhouse gas emissions of inner-city travel, its creators said, letting concerned commuters map their so-called carbon footprints.

Mapping app Cowlines can suggest the most efficient route as well which uses the least fuel, combining modes of transport such as bicycling and walking, within cities, its Vancouver, Canada-based creators said.

Some two-thirds of the world's population is expected to settle in urban areas by 2050, according to the United Nations.

The trend presents an environmental challenge, given that the world's cities account for the bulk of greenhouse gas emissions.

Not only will the app measure a trip's emissions and suggest alternatives, it will provide the data to cities and urban planners working on systems from subway lines to bike-sharing programs, said Jonathan Whitworth, chief strategy officer at Greenlines Technology, which created the app.

"As you would imagine here in Canada, especially Western Canada, most people are driven by the environmental side of it," Whitworth told the Thomson Reuters Foundation.

The app aims to encourage users in 62 U.S. and Canadian cities to use cleaner modes of transportation, from mass transit to walking or biking, he said.

In the United States, mass transit accounts for less than 2 percent of passenger miles traveled, according to Daniel Sperling, founding director of the Institute of Transportation Studies at the University of California, Davis.

"People are starved for good information and data for good travel choices," said Sperling.

The app's suggested route is a cowline - city planner parlance for the fastest route, said Whitworth. In pastoral settings, a cowline is the most direct path cattle use to reach grazing grounds.

The app shows users after a trip how many kilograms of carbon-dioxide equivalent emissions they are responsible for, Whitworth said.

While other apps such as Changers CO2 Fit track users' carbon footprints, Cowlines claims its methodology, certified by the International Organization for Standardization, is most accurate, he said.

Whitworth said the company also plans to sell the data it collects. (VOA)

Thursday, October 25, 2018

Economics to Take Center Stage as Japan’s Shinzo Abe Arrives in China

Economics to Take Center Stage as Japan’s Shinzo Abe Arrives in China
BEIJING, LELEMUKU.COM - China is Japan’s largest trading partner and despite meeting Chinese President Xi Jinping on the sidelines of numerous international events, Japanese Prime Minister Shinzo Abe had yet to travel to Beijing for a bilateral summit. All that changed Thursday, when the Japanese leader arrived in the Chinese capital to mark the 40th anniversary of the Treaty of Japan-China Peace and Friendship.

It’s Abe’s first trip to Beijing since assuming Japan’s premiership six years ago.

Three days in China

During the three-day visit, economic issues are expected to rise to the top of discussions, although regional security issues related to the East China Sea and North Korea will most likely also get some attention.

The Japanese leader will sit down with Premier Li Keqiang Thursday and attend a reception to mark the 40th anniversary of the treaty. He then meets Xi on Friday, which will be the first Sino-Japanese summit since 2011.

Government officials and analysts expect the three-day summit will lay the groundwork for future meetings and a potential trip to Tokyo by Xi.

In a policy speech Wednesday, Abe said, “Tomorrow I will visit China. As we unflaggingly exchange summit diplomacy, I will also deepen the exchanges between the two peoples in all levels of activities from business cooperation to sports.”

Chinese Foreign Ministry spokeswoman Hua Chunying said the bilateral summit was important and hoped that Beijing and Tokyo could move beyond the past to forge a new future.

“[We] will reconfirm that we are partners, not rivals; and reconfirm the consensus that we take each other as opportunities, not challenges; so that we could further improve and develop our ties, and at the same time deepen our mutually beneficial cooperation in all fields,” she said.

East China Sea and North Korea

When it comes to regional security issues, two of the most prominent topics for Tokyo and Beijing to discuss are competing territorial claims in the East China Sea and security concerns regarding North Korea’s nuclear and ballistic missile programs.

Jonathan Berkshire Miller, a senior fellow at the EastWest Institute, expects that Xi and Abe will “agree to disagree” when it comes to the issue surrounding ownership of islands Japan calls Senkaku and referred to as Diaoyu by Beijing.

A senior research fellow with the Japan Forum for Strategic Studies in Tokyo, Grant Newsham, also doesn’t see “any resolution, or movement towards resolution of the territorial issues in the East China Sea.”

Nevertheless, Newsham notes some positive advancements in bilateral security. He cites a recent naval exchange program agreed to by the two governments as one step forward. But when it comes to North Korea, Newsham expects nothing more than a general statement to work together to denuclearize the Korean Peninsula.

According to Miller, China’s role of implementing and maintaining sanctions on Pyongyang has traditionally been a concern for the Japanese leadership.

“I think Japan is so focused now on the U.S. and South Korea, and seeing what the Trump administration[’s approach is]” that Tokyo’s has now expanded its attention on North Korea and sanctions beyond Beijing, Miller said.

He said there’s concern in Japan about the prospect of sanction relief for North Korea without significant progress on denuclearization and the weakening of deterrence, leading Japan to stress the need to continue to maintain a united line on North Korea.

Economics to overshadow security issues

While issues related to the competing claims in the East China Sea and North Korea will be discussed, Miller expects most of the focus will be on economic cooperation initiatives, “because that is the area for good news.”

One area Miller said is worth watching is what Abe says about China’s Belt and Road initiative, especially since the establishment of a bilateral council.

“Japan has showed on a case-by-case basis that it’s willing to endorse working with the Belt and Road, but it hasn’t fully gone on board and said, ‘OK, this is a great initiative, and Japan is fully behind it,’” Miller said.

Aside from the Belt and Road initiative discussions, Newsham said the planned implementation of a $25 billion currency swap agreement between the two nations will likely be discussed.

Although Newsham doesn’t expect much in terms of concrete agreements resulting from this “feel good” meeting.

He expects a probable end result will be a “shaking of the hands and [a] vague sense that they agreed on something,” but without specific details.

However, Newsham added whatever ultimately is discussed, the outcomes won’t “lead the Chinese to change their adversarial position towards the Japanese, who they see as, the one Asian obstacle to Chinese domination of the region.” (VOA)

Wednesday, July 18, 2018

Jokowi Claims Freeport Indonesia's Divestment is an Impressive Progress

Jokowi Claims Freeport Indonesia's Divestment is an Inpressive Progress JAKARTA, LELEMUKU.COM - President Joko Widodo responded to the comments made by some parties who considered that the divestment of 51 percent of PT Freeport Indonesia (PTFI)’s shares to the Government of Indonesia through state-owned mining holding company PT Indonesia Asahan Alumunium (Inalum) has not been binding.

The President went on to explain that first process must be the Head of Agreement (HoA), which will be followed up by a second, third agreement, and so on.

“I need to say, the deal took a long process of almost 3.5 years, almost 4 years and this is very tough. If it can get into the Head of Agreement, it has been a very impressive progress,” the President told reporters after giving a public lecture on the 2nd Batch of National Defense Training of Democratic National (Nasdem) Party, in the Nasdem National Defense Academy Building, Pancoran, Jakarta, on Monday (16/7).

The President asserted that it does not mean that the agreement is directly signed, as the negotiation took a long process of 3.5 years.

“Thanks to God, we are grateful for the progress,” the President firmly said.

As reported earlier, the Government of Indonesia through PT Inalum with Freeport-McMoran Inc. (FCX) and Rio Tinto have signed the Head of Agreement related to the sale of FCX shares and Rio Tinto’s participation rights in PT Freeport Indonesia (PTFI) to Inalum, at the Ministry of Finance, Jakarta, on Thursday (12/7).

“The Inalum’s share ownership in PTFI after the sale of shares and rights is now 51 percent from the previous figure of 9.36 percent,” Minister of Finance Sri Mulyani Indrawati told a press conference at the Ministry of Finance on Thursday (12/7) afternoon.

According to Sri, under the Agreement, Inalum will spend 3.85 billion USD to obtain Rio Tinto’s participation right in PTFI and 100 percent of FCX at PT Indocopper Investama, which owns 9.36 percent of PTFI’s shares.

“The parties will complete this sale before the end of 2018,” Sri said. Meanwhile, Minister of  Energy and Mineral Resources Ignasius Jonan added that, with the signing of this Agreement, the whole agreement with FCX, which includes divestment of 51 percent shares, changes from Contract of Work to the Special Mining Permit (IUPK) have been completed including the commitment to building smelter facilities. (Setkab)

Monday, May 21, 2018

The 2018 Darwin to Saumlaki Yacht Race Ready to be Held

Darwin Sailing Club Gelar Lomba Perahu Layar Darwin - Saumlaki 2018SAUMLAKI, LELEMUKU.COM - Darwin Sailing Club will held its annual event of Yacht Race and Rally from Darwin, Territory of the Northern Australia to Saumlaki, West Maluku Regency, Maluku Province on 30th June 2018.

According to the chairman of Saumlaki Yacht Race Committee, Lucille Panting, the purpose of this yacht race and rally is providing an opportunity for the participants to see how beautiful Tanimbar Islands is, which has a unigue culture and remain a major centre for the production of traditional crafts like ikat cloth and carved wooden statues in Maluku, and also have their own forms of music and dance.

"We will start on 30th of June and we arrive here on 2nd or 3th of July. This sailing will be taken two days of trip or 48 hours to arrive here (Saumlaki)," She told to Lelemuku.com, on Thursday (17/05).

Lucille reveals the reason for choosing the Tanimbar Islands as the destination of the voyage because of the distance from Tanimbar that is so close to Darwin City that is separated by the Arafura Sea. It's more advantageous than taking a trip to Ambon City or Dilli City, East Timor which takes up to 4 days of travel, while to Tanimbar only 2 days.

In addition to the close distance, the beauty of Tanimbar sea is also a reason for this sailing club to do snorkeling and swimming. And the same weather is the reason, where the location of Darwin City itself is relatively close to the equator line, then this city is the only major city in Australia which has tropical climate like Indonesia.

"We want to come here because Tanimbar is so close to our country, save from marine predator animals, friendly community, diving and swimming location is also very good and has the same weather with darwin," she said.

Lucille ensures that there are currently about 12 fleets of sailboats that will be involved in the race. His party is still open registration for interested participants until May 29, 2018.

"This is a trial between 10 to 15 boats, but not sure, we estimate about 12 boatss that have been registered," she explained.

Constraints of the implementation of the 2018 Darwin Saumlaki Yatch Race is the weather, which is too windy so it can affect the number of boats involved, because there are some small boats that can not withstand the wind.

"Last year on October cruise was not windy, so we chose this July because it was windy, but now it's just too much wind. This activity still roads just a few boats may fall because of its small size, for that we will be back to determine how many boats will come," Lucille added. (Laura Sobuber)