2017-10-21

Tech Review | Activate's Top Tech and Media Predictions for 2018 (video)

Tech Review (TR 2017-10-21)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) Activate's Top Tech and Media Predictions for 2018, 2) Relativity Space: Getting to Outer Space Cheaply, 3) Investing: a) Market Snapshot, b) Q3 2017 Webcasts $TWTR, $AMZN, $GOOG, $GOOGL, $VRSN, c) Beware Cryptocurrency Speculation4)ICYMI.

1) Activate's Top Tech and Media Predictions for 2018
Activate CEO on Activate's Top Tech and Media Predictions for 2018

Bloomberg.com video above published Oct 18, 2017: Michael Wolf, Activate.com's CEO, discusses his firm's top tech and media predictions for 2018 with Bloomberg's Emily Chang on "Bloomberg Technology."


2)  Relativity Space: Getting to Outer Space Cheaply (video)

Bloomberg.com video above published Oct 18, 2017: Relativity Space (relativityspace.com) and its two founders, Tim and Jordan, have a plan to make rockets faster and cheaper than anyone else. To do this, they're looking to build every part of a rocket--its engine, its fuel tanks and its body--with giant 3D printers. In this Hello World short, Bloomberg Businessweek's Ashlee Vance goes to check out Relativity Space. (Video by Brian Schildhorn, David Nicholson.)

3) Investing
a. Market Snapshot Oct 20, 2017: US Stock Market Marches To Fresh Record As US Senate Clears Tax-reform Hurdle--FoxBusiness.com.

b. Q3 2017 Earnings Webcasts Thursday, Oct 26: Twitter, Inc. $TWTR, Alphabet Inc. $GOOGL $GOOG, Amazon.com Inc. $AMZN, Verisign, Inc. $VRSN.

c. Beware Cryptocurrency Speculation
:
"For a while, Bernie Madoff’s investors felt great about their impressive “returns.” For a while, investors in dot-com stocks felt the same. For a while, investors in mortgage bonds felt the same. But when investors focus on returns rather than the very long-term structure, stability, and even existence of the underlying cash flows, terrible things can happen. All that’s required to get the snowball rolling is the creeping recognition that there’s no “there” there ..."--ZeroHedge.com

4) ICYMI Tech News:

-- John Poole, Editor, Domain Mondo  

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2017-10-20

How Amazon $AMZN Founder Jeff Bezos Became King of E-Commerce

How Jeff Bezos Became the King of E-Commerce

Bloomberg.com video above published Oct 3, 2017:  Amazon CEO Jeff Bezos was one of the first entrepreneurs to realize the potential of selling products on the internet. This Bloomberg Profile looks into how Bezos built Amazon inside his garage and now has his sights set well beyond online commerce. (video by Michael Byhoff)

Jeff Bezos Revealed: Building Amazon One Box at a Time

Bloomberg.com video above published Jan 26, 2015: "Bloomberg Game Changers" profiles Amazon.com Inc. $AMZN founder Jeff Bezos. This program explores the story behind the founder of Amazon.com, the world's most successful online retailer and examines key moments in his life.


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2017-10-19

Automotive Disruption: Electric Car Dreams Come At A Cost (video)

Electric car dream comes at a cost

Video above published by FT.com Sep 15, 2017: Bosses warn of challenges in turning technology into profits. As carmakers race to replace diesel with electric, concerns are mounting that they may have to sacrifice margins to succeed in selling battery vehicles to the public.

AlixPartners' Wakefield Sees China Leading the EV Market

Video above published Sep 15, 2017: Mark Wakefield, AlixPartners.com managing director, discusses the global electric-car race with Bloomberg's Cory Johnson on "Bloomberg Technology."

What Electrification Means for the Margins on Cars

Video above published Sep 14, 2017: Scott Corwin, Deloitte.com managing director, discusses the electric-car industry with Bloomberg's Emily Chang on "Bloomberg Technology."


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2017-10-18

MacroView: Kyle Bass Says China Will Be Forced to Recap Banks (video)

Is Xi Jinping, the President of China, the world's most powerful man?

The Economist (economist.com) published the above video on Oct 17, 2017: Is Xi Jinping the world's most powerful man? The world's balance of power is shifting. For the past five years president Xi Jinping, China's leader, has ruled with an iron fist and has been pursing a new model of great power relations. But his power may be fragile, watch the video and find out why.

Kyle Bass Says China Will Be Forced to Recap Banks

Bloomberg.com video above published Oct 17, 2017:  Kyle Bass, founder and chief investment officer at Hayman Capital Management (domain: HaymanCapital.com), discusses the Chinese banking system in an interview with Bloomberg's Erik Schatzker taped on Oct. 6, 2017.

US Markets Oct 17, 2017:

See also:

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2017-10-17

Digital China: China’s Plans for Cyberspace & the Digital Economy (video)

Digital China: What Are China’s Leaders & Scholars Saying About Their Plans for Cyberspace?

LIVE Webcast, Oct 17, 2017, 1:00 pm - 2:30 pm ET (US), from New America, Washington, D.C.

LIVE Video Tuesday:

As China launches its 19th Party Congress, its plans to shape cyberspace are becoming ever clearer. Through the publications of government and Party officials, we are increasingly getting insights into Chinese plans for the digital economy. Often however that information is only available to Chinese-speakers. Therefore, through New America, a group of China cyber experts have launched a new effort to translate and analyze key Chinese documents and make them available to a wider audience.
At this event they will offer their insights on China’s plans for the digital economy, including cybersecurity, artificial intelligence, cryptocurrencies, internet governance, and much more. What have Chinese officials already told the world? What goals has Beijing already achieved? Where has China run into challenges? What new initiatives should we expect from the 19th Party Congress, the 4th World Internet Conference, and beyond? What does this mean for the United States?
Follow the conversation online with #DigiChina and @NewAmCyber.

Participants:

John Costello, @CostelloJK
Cybersecurity Fellow, New America

Samm Sacks, @SammSacks
Senior Fellow in the Technology Policy Program at Center for Strategic & International Studies

Paul Triolo, @pstAsiatech
Geo-technology Practice Head, Eurasia Group

Graham Webster, @gwbstr
Lecturer and Senior Fellow at Paul Tsai China Center at Yale Law School

Moderator:
Ian Wallace, @pianwallace
Co-Director of the Cybersecurity Initiative, New America & Senior Fellow, International Security Program

See also:
New America (newamerica.org) is "dedicated to the renewal of American politics, prosperity, and purpose in the digital age through big ideas, technological innovation, next generation politics, and creative engagement with broad audiences."


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LIVE Webcast: Old Laws and New Technology: How Can We Keep Up?

Old Laws and New Technology: How Can We Keep Up?

LIVE Webcast Replay: October 17, 2017, 10:00 am - 11:30 am ET (US), New America (newamerica.org), 740 15th St NW #900, Washington, D.C. 20005.

LIVE Video Tuesday:

Around the world legal frameworks are failing to keep pace with technology. Nations are struggling to secure consumers’ privacy and conflicted about how best to manage the effects of powerful new technologies like artificial intelligence without stifling innovation.

Is regulation necessary, or can voluntary frameworks suffice? Where are the current points of failure in our legal system? Where are the strengths? What responsibilities do technologists have? What should policymakers avoid in developing new regulatory efforts? What are the consequences if we fail? How can policy catalyze innovation?

The American Bar Association Standing Committee on Law and National Security, New America, and Pitt Cyber host a discussion of the widening gap between coding and codes. Former US Attorney David Hickton, known for his groundbreaking cybercrime and cyber espionage indictments, will share his view from the front lines of enforcing existing laws, after which an expert panel discussion will discuss the issues raised.

Join the conversation online by using #CyberLaw and following @NewAmCyber and @PittCyber.

Keynote: David Hickton
Founding director, Pitt Cyber and former US Attorney, Western District of Pennsylvania

Participants:

Paul Cohen
Founding dean and professor, University of Pittsburgh, School of Computing and Information, former program manager, Information Innovation Office, DARPA

Harvey Rishikof
Chair, Advisory Committee, ABA Standing Committee on Law and National Security and former Dean of Faculty, National War College

Ian Wallace, @pianwallace
Co-director, New America’s Cybersecurity Initiative and senior fellow, International Security Program

Moderator:
Kiersten Todt
Resident scholar, Pitt Cyber and former executive director of the Presidential Commission on Enhancing National Cybersecurity


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Technology To Disrupt Fossil Fuels: Solar, Wind, Batteries, Electric Vehicles

Chinese Solar Cell Maker to Join Electric Vehicle Race

Video above published September 14, 2017: An energy conglomerate and solar cell maker in China is seeking opportunities in electric vehicles (EV) eight months after announcing plans to make batteries for zero-emission cars. In this Bloomberg.com interview, Golden Concord Group President Kou Bingen says the company plans to team up with a car maker in China to join the EV market.

The Way Humans Get Electricity Is About to Change Forever

Video above published Sep 13, 2017: The age of batteries is just getting started. In the latest episode of our animated series, Sooner Than You Think, Bloomberg,com’s Tom Randall does the math on when solar plus batteries might start wiping fossil fuels off the grid. See also: US Celebrates Record 29% Drop In Utility-Scale Solar Costs — But Tariff Cloud Looms | cleantechnica.com.

US shale oil and gas investors are on a 'road to ruin,' warned renowned short-seller Jim Chanos, saying Wall Street is overly focused on certain valuation metrics, which hide problems with the fundamental business model in the American oil patch. Investors are taking for granted accounting methods that will create problems for drillers in the future, Chanos said.--cnbc.com. See also Jim Chanos: ‘We are short’ Continental Resources | cnbc.com 12 Sep 2017: "People have been looking at the [shale] industry with rose colored glasses. This is a problem with the North American shale business," Chanos said at the Delivering Alpha Conference in New York last week.

No More Free Lunch Is the Big Change Under Way in the Oil Market | Bloomberg.com Oct 9, 2017:  Investors "funded loss-making energy producers and explorers through a generous mix of loans, bonds and equity. That may be changing ..."

Continental Resources, Inc. (NYSE: CLR) is an American oil and natural gas exploration and production company based in Oklahoma City.
NYSE: CLR chart graphic

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2017-10-16

German Finance Minister Schäuble Warns of Global Financial Crisis (video)

Schäuble warns of financial crisis

Financial Times (ft.com) video above published Oct 9, 2017: Outgoing German finance chief says central bank policies risk forming ‘new bubbles’--Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a serious risk to the world economy, in his parting shot as Germany’s finance minister.

See also:
  • Austria election 2017 results 15 Oct 2017: Eurosceptic Conservative Millennial Sebastian Kurz, age 31, declares victory--Europe's youngest leader--'Brussels Nightmare'
  • FT.comParis and Berlin at odds over key plank of eurozone reform plans
  • Merkel's Party Suffers Vote Setback in Germany's Lower Saxony on Sunday, Oct 15, 2017, with the poorest showing in 58 years for Angela Merkel's party, the CDU, in Lower Saxony (a German state larger than the Netherlands), further weakening Merkel as she tries to form an "awkward" alliance with pro-business Free Democrats (FDP) and environmentalist Greens. Negotiations could well drag into 2018, reports Reuters.com.
What Tulips and the Great Recession Have in Common

Bloomberg.com video above published Oct 9, 2017: Most people would agree that the bond market is expensive. But is it in a bubble? Alan Greenspan thinks so. So will this bubble be popping anytime soon? Bloomberg's Jonathan Ferro explains. #BondBubble



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2017-10-15

News Review | ICANN Pays Senior VP Sally Costerton Secret Contract $$$

News Review | ©2016 DomainMondo.com
Domain Mondo's weekly internet domain news review (NR 2017-10-15) with analysis and opinion: Features •  1) ICANN Pays Senior VP Sally Costerton Secret Contract $$$2) Other ICANN news, 3) Names, Domains & Trademarks: Universal Acceptance & IDNs, 4) ICYMI Internet Domain News, 5) Most Read Posts.

1) ICANN Pays Senior Vice President Sally Costerton Secret Contract $$$
California Corporations Code - Nonprofit Public Benefit Corporations: "6813 ... (b) Every directorofficer, agent or member of any corporation who, with intent to defraud, destroys, alters, mutilates or falsifies any of the books, papers, writings or securities belonging to the corporation or makes or concurs in omitting to make any material entry in any book of accounts or other record or document kept by the corporation is guilty of a crime. (c) Each crime specified in this section is punishable by imprisonment in state prison ..." (emphasis added)
Should ICANN be run like a "chummy private club" or a nonprofit public benefit corporation with international scope and responsibilities, including duties to be accountable and transparent to the global internet community, meeting at least the baseline minimums required of all nonprofits jurisdictionally situated in California (US), and preferably far more than those minimums, since "Public-benefit nonprofit corporations are ... organized for the general public benefit, rather than for the interest of its members." 

In pursuit of answers to those questions and more, as most readers know, I first questioned on May 28, 2017, ICANN's Form 990 filing (FY16 ending June 30, 2016) published by ICANN on May 15, 2017, for review by the global internet community as required by the U.S. Department of Treasury's IRS (ICANN has IRC 501(c)(3) tax status).

My May 28th inquiry generated a partial answer from ICANN on July 13, 2017, disclosing a total of $114,203.24 paid in FY16 to ICANN Chairman Steve Crocker's personal corporation, Shinkuro, Inc., not disclosed on ICANN's filed FY16 Form 990. 

I responded on July 17, 2017, asking again for full disclosure of all amounts paid to all ICANN directors and officers, directly and indirectly, noting specifically:
"... completely missing from ICANN’s [Form 990] list of 39 “Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees,” is Sally Costerton, Sr. Advisor To President & Senior Vice President, Global Stakeholder Engagement, who is also an “Executive Team Member” according to ICANN’s organization management chart (pdf) and has been employed as a “Vice President” of ICANN since 2012 according to her profile at icannwiki.org."
ICANN CFO Xavier Calvez replied on July 18, 2017, as I disclosed in News Review: ICANN Accountability, FY16 IRS Form 990 Redux | DomainMondo.com:
"Thank you for your note below [July 17 email]. I acknowledge and agree that the document posted on 13 July in response to your questions left unanswered the specific question that you highlighted in the paragraph referenced below in quotes. This question is perfectly relevant to the topic of disclosures of information on compensation of directors, officers, key employees, etc… and answering it will help providing clarity and transparency on this matter which is technically complex and subject to legitimate and useful public scrutiny. The discussion you offered to explain further the quoted paragraph will be quite helpful to ensure we address fully your question, and I thank you for it. I suggest that we publish your email below and the response that I will provide in accordance with our Correspondence process. Thank you."--Xavier Calvez, ICANN CFO
ICANN finally responded October 9, 2017 (pdf):
 "... Part VII, Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees” as reported by ICANN in the 2015 form 990, fully complies with the IRS requirements. For example, Sally Costerton is contracted via her company Sally Costerton Advisory Limited. Accordingly, under IRS instructions for the form 990, the compensation paid to Ms. Costerton’s company for her services is appropriately not included in the Part VII ..." 
screenshot from Sally Costerton Advisory Limited website: sallycosterton.com
Sally Costerton Advisory Limited website: sallycosterton.com
I responded to ICANN on October 13, 2017 (pdf)(embed below):
"Assuming arguendo, that what you have revealed and asserted (for the first time), in your correspondence of 09 October 2017, is true and correct, ICANN should have answered “Yes” to Form 990 Part IV 28(a), 28(b), and/or 28(c), instead of “No” ... And therefore ICANN should have completed and attached Schedule L (Part IV) to the Form 990 [disclosing amount paid to Sally Costerton Advisory Limited] .... there is no reference whatsoever in the Form 990 as filed, or on the public ICANN.org website, indicating the heretofore undisclosed “arrangement” between ICANN and its “Senior Vice President of Global Stakeholder Engagement” who is also “Senior Advisor To the President of ICANN” and an “ICANN Executive Team Member,” according to the ICANN Management Organization Chart (pdf) ....
"... such an arrangement with ICANN, which raises all kinds of questions about conflicts of interest, appearances of impropriety, organizational loyalty, etc., since Costerton has, apparently, since 2012, with the blessing of ICANN’s Board of Directors and top management, been simultaneously serving as ICANN Senior Vice President while also actively soliciting and servicing unknown clients and customers of her corporation “Sally Costerton Advisory Limited” ... your recent revelation indicates how much ICANN is still run like a “chummy private club” instead of a non-profit public benefit corporation with international scope and responsibilities ..." 
Full embed of my October 13, 2017 letter:

I heard back (via email) from ICANN CFO Xavier Calvez on October 13: "I am acknowledging receipt of the below email and its attachment. We will address as per our established Correspondence process."

2) Other ICANN news
a. ICANN Board Report September 2017 (pdf) - Covering 30 May 2017 – 28 August 2017.  "As of the end of July 2017, ICANN org has 397 people, which is 24 people less than the FY18 year-end budget projection of 421. Over the last three months, 15 joined and another 9 left."

b. ICANN GNSO Policy Briefing (pdf) for ICANN60 meeting in Abu Dhabi, 28 Oct - 3 Nov 2017.

c. ICANN Releases Findings from a Community-Wide Survey on Gender Diversity and Participation | ICANN.org

d. ICANN Webinar on Review Operating Standards | ICANN.org: Webinar Details and How to Attend Date: 19 October 2017 Time: 21:00 UTC To participate, RSVP to: mssi-secretariat @ icann.org to receive the dial-in information. More info at link above.

e. Request 17-4: DotMusic Limited and dotgay LLC | BAMC Recommendation on Reconsideration Request | ICANN.org: ".... The BAMC has considered the merits of Request 17-4, and, based on the foregoing, concludes that ICANN organization did not violate ICANN’s Mission, Commitments and Core Values or established ICANN policy(ies) in the Response to Joint DIDP Request. Accordingly, the BAMC recommends that the Board deny Request 17-4 ..."

f. New gTLD Subsequent Procedures PDP - October 2017 Newsletter | gnso.icann.org (pdf): ".... The co-chairs are forming a fifth Work Track in the PDP devoted solely to the issue of geographic names at the top level. Work Track 5 will have a shared leadership model between the GAC, ALAC, ccNSO, and GNSO. The co-chairs have asked the GAC, ALAC, ccNSO, and GNSO to each identify a co-leader for this effort. To date, the following people have been nominated: Annabeth Lange (ccNSO), Christopher Wilkinson (ALAC), and Martin Sutton (GNSO). The GAC has not yet released the name of its appointee. The Working Group is hoping to issue a formal call for volunteers prior to ICANN60 ...."

g. ICANN Management Organization Chart 06 Oct 2017 management-org-06oct17-en.pdf (pdf)

3) Names, Domains & Trademarks
•  Universal Acceptance | IDN World Report | idnworldreport.eu"an uncomfortable fact: many of the fundamental systems and applications that make the Internet useful still do not support IDNs. Progress in this area will seem glacial to regular readers of this report. The fact that the progress is so slow is a reflection of both the complexity of the problem and the sporadic uptake of IDNs which is documented elsewhere in this report." (emphasis and link added)

•  50% of the domaining industry about to be washed away? Probably--OnlineDomain.com

•   ICANN.org: Do You Have a Domain Name? Here's What You Need to Know; and ICANN's Transfer Policy: 5 Things Every Domain Name Registrant Should Know--ICANN.org

•  Trademark Rights Paramount to Contract Rights for Domain Names | IPLegalCorner.com

4) ICYMI Internet Domain News 

5) Most read posts (# of pageviews Sun-Sat) this past week on DomainMondo.com: 
1. News Review | RySG Requests $$$ and "Detailed Accounting" From ICANN
2. News Review | Esther Dyson Interview, ICANN Founding Board Chair
3. Knotel CEO Says Company Plans to Expand Internationally (video)
4. Hearing on 21st Century Trade Barriers & Cross Border Data Flow Policies 
5. A Map of Internet Censorship Around the World (infographic) 
6. Hackers Will Pose A Greater Cybersecurity Threat In 2018 (video)

-- John Poole, Editor, Domain Mondo 

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2017-10-14

Tech Review | Why Qualcomm $QCOM Seeks China Ban of $AAPL iPhones

Tech Review (TR 2017-10-14)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) Why Qualcomm $QCOM Seeks Ban in China of Apple $AAPL iPhones, 2) Jamie Dimon Says 'Stupid' Bitcoin Investors Will Pay the Price, 3) Investing: End of the Week--Stocks Close Off Record Highs, How to Minimize Investment Returns, 5) ICYMI Tech News.

1) Why Qualcomm $QCOM Seeks Ban in China of Apple $AAPL iPhones:

Bloomberg.com video above published Oct 13, 2017: Qualcomm Inc. filed lawsuits in China seeking to ban the sale and manufacture of iPhones in the country, the chipmaker’s biggest shot at Apple Inc. so far in a sprawling and bitter legal fight. Bloomberg's Ian King reports on "Bloomberg Markets."

2) Jamie Dimon Says 'Stupid' Bitcoin Investors Will Pay the Price

Bloomberg.com video published Oct 13, 2017: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon comments on bitcoin during a panel discussion at the annual meeting of the Institute of International Finance in Washington.

3) Investing
End of the Week: Stocks close off record highs as earnings season kicks into full gear | cnbc.com Oct 13, 2017: "The major indexes hit intraday records before closing lower as earnings season kicked into full gear, with JPMorgan Chase and Citigroup reporting results. Wall Street also set its sights on economic data, with the release of unemployment and inflation data sets."

How to Minimize Investment Returns: "Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the fourth law of motion: For investors as a whole, returns decrease as motion increases ... To get very specific, the Dow increased from 65.73 to 11,497.12 in the 20th century, and that amounts to a gain of 5.3 percent compounded annually. (Investors would also have received dividends, of course.) To achieve an equal rate of gain in the 21st century, the Dow will have to rise by Dec. 31, 2099, to — brace yourself — precisely 2,011,011.23. But I’m willing to settle for 2,000,000; six years into this century, the Dow has gained not at all."--Warren Buffett, Berkshire’s Annual Report (p18) February 28, 2006.

4) ICYMI Tech News:

-- John Poole, Editor, Domain Mondo  

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2017-10-13

Hackers Will Pose A Greater Cybersecurity Threat In 2018 (video)

Hackers will pose a greater cybersecurity threat in 2018

As more elements of our daily lives are linked to the internet, hackers will have greater opportunity to scale up cybercrimes, leaving our homes and personal lives more vulnerable to attack, reports The Economist (economist.com), which  published the above video on Oct 4, 2017:
"In 2018 cyber attacks will affect our lives like never before. Hackers have already compromised multi-national organisations, stealing the personal details of millions. Hackers have even been implicated in national elections.
"On the golden shores of Hawaii lives one of the most prolific hackers on the planet. At the age of 22, Jeremiah Grossman hacked Yahoo – one of the biggest tech companies in the world. In response, they offered him a job – Yahoo’s Chief Hacker.
"According to Jeremiah "There’s a vernacular in the industry, there is the white hat hackers and then there is the black hat hackers. The way I like to describe it is kind of like Star Wars where you have the Jedi and the Sith. The skills are the same but one uses their powers for good and the other one is for evil. I am more of the white hat variety. I use those skills to prevent other people from getting hacked. There is people all over the world attacking you and you have to remain calm and steadfast at every point because if you lose control you will lose the battle."
"White hat hackers break into computer systems to find the weaknesses and make companies aware of them. But it’s about to get even harder to keep up the defences.
"With an ever-increasing risk to corporate security, 2018 will see an unlikely saviour in the fight against hackers - Insurance companies.
"But cyber insurance can only go so far when we are all becoming vulnerable to attack. More and more of our every day lives are being hardwired to the internet from the lock on our front door to our heating. Being connected may bring convenience, but it also makes our homes and our personal lives more vulnerable to hackers."


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2017-10-12

Hearing on 21st Century Trade Barriers & Cross Border Data Flow Policies

21st Century Trade Barriers: Protectionist Cross Border Data Flow Policies’ Impact on U.S. Jobs

The above LIVE Replay Congressional hearing video: Thursday, Oct 12, 2017, 10:15 A.M. EDT (hearing starts at 20:28).

Energy and Commerce Committee | Digital Commerce and Consumer Protection Subcommittee (115th Congress)

Domain Mondo editor's note: Cross-border data flows are the flow of digital information between countries. The hearing's focus is addressing data localization laws, which require companies to store certain types of data, such as personal information of its citizens, within its own borders. Other nations have increasingly considered or adopted such laws after the Edward Snowden revelations which detailed the extent of international surveillance by U.S. intelligence. Proponents see such data localization laws as one way to prevent U.S. intelligence from being able to collect data on non-U.S. citizens. The hearing's witnesses would like to see provisions in all international agreements similar to the terms of the data sharing agreements known as the EU-U.S. and Swiss-U.S. Privacy Shield Frameworks, which allow data to continue to flow freely across borders.

WITNESSES:

Ms. Jennifer Daskal
Associate Professor of Law, American University Washington College of Law (wcl.american.edu)

Ms. Victoria A. Espinel
President and CEO, BSA – The Software Alliance (bsa.org)

Mr. Dean C. Garfield
President and CEO, Information Technology Industry Council (itic.org)

Mr. Morgan Reed
President, ACT – The App Association (actonline.org)

DOCUMENTS:


About the Energy and Commerce Committee"The Committee on Energy and Commerce is the oldest standing legislative committee in the U.S. House of Representatives and is vested with the broadest jurisdiction of any congressional authorizing committee ... Today, the committee has responsibility for matters including telecommunications, consumer protection, food and drug safety, public health and research, environmental quality, energy policy, and interstate and foreign commerce among others."  More information, including members of the committee, is at the link above.
US House of Representatives, Energy and Commerce Committee

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2017-10-11

IMF's Christine Lagarde: How We Regulate Tech Needs To Be Reinvented

IMF Director Christine Lagarde: How We Regulate Tech Needs To Be Reinvented

CNBC video above published Oct 6, 2017: IMF Managing Director Christine Lagarde talks about regulating big tech, and bitcoin, with CNBC.com's Sara Eisen.

Big Tech's power remains unchallenged

Financial Times (ft.com) video above published Sep 19, 2017: Rana Foroohar, the FT's global business columnist, examines the implications of the dominance of Big Tech groups like Google, Amazon and Facebook for competition ( antitrust, monopoly), for innovation and for the health of democracy. Slide:
source: S&P Global
Transcript of Lagarde interview (YouTube.com auto-generated):
00:00  IMF Managing Director Christine
00:01  Lagarde laying out her policy agenda in
00:04  a speech ahead of the IMF annual
00:05  meetings next week I got a chance to sit
00:07  down with her for an exclusive interview
00:08  yesterday asked about the increasing
00:10  regulatory and political pressure on big
00:13  tech everything from taxes to fake news
00:16  under the microscope I asked her whether
00:17  companies like Google and Facebook
00:18  actually deserve more regulatory
00:21  scrutiny I think the way in which they
00:25  operate and the value that they generate
00:29  the activity from needs to be looked at
00:32  and I would hope that this can be done
00:34  in cooperation with them you know value
00:38  that is driven by data by information by
00:41  pattern of consumption that we volunteer
00:44  in a way without really us knowing about
00:46  it
00:47  determines the value of what they can
00:50  offer in terms of service services and
00:52  clearly revenue needs to be contributed
00:55  by those companies where it is
00:58  contributed how it is defined
01:00  how intellectual property is going to be
01:02  used as a basis to allocate revenues and
01:06  base taxation on all these things are
01:10  being need to be reinvented and I hope
01:14  that dialogue takes place rather than
01:16  you know harsh adversarial debates have
01:21  they become too powerful competition law
01:25  is there to actually deal with it why
01:27  don't you also ask you about your
01:28  comments which made a lot of waves last
01:30  week on Bitcoin you said could
01:32  ultimately give central bank's a run for
01:33  their money
01:34  mm-hmm so with countries like China and
01:37  Korea this week cracking down is that a
01:40  mistake not to embrace it you know what
01:43  what the Chinese authorities have
01:44  decided is to just ban the initial
01:49  offering of bitcoins and I think that
01:52  they've done that on the basis of the
01:53  analysis that it was at least strongly
01:55  dominated by you know speculation and
01:58  Ponzi like schemes which is certainly
02:02  showing that they are paying attention
02:04  you know when you look at a country like
02:06  like Kenya for instance where transfers
02:08  where taxes being paid totally digitally
02:11  when you look at the way in which
02:13  you know some civil servants are paid
02:15  also totally electronically and and and
02:18  without leakages in the system as is the
02:20  case in some of the developing countries
02:22  when I look at my own country where you
02:25  know of all transactions between you
02:29  know my compatriots and and and the the
02:32  Treasury Department is all now on
02:35  digital support I think there are
02:37  massive changes taking place at the
02:39  moment which everybody needs to be
02:41  attentive to would you ever buy any for
02:43  yourself
02:44  no I didn't and it's too expensive for
02:46  me at the moment we're seeing the guard
02:49  headline Bitcoin is too expensive at the
02:51  moment but seriously her comments about
02:53  the new digital economy and payment
02:55  system and and phrasing that off of the
02:58  question about whether central banks and
03:00  governments should embrace Bitcoin to me
03:03  is a very powerful statement from the
03:05  head of the International Monetary Fund
03:08  especially in light of some other recent
03:10  comments from big bankers completely
03:13  dismissing the idea as a fraud well look
03:14  JPMorgan thinks it's a fraud Bank of
03:17  America thinks it's a terrible idea we
03:18  talked to to see your professor there
03:20  and then Goldman Sachs on the other side
03:22  may be trying to either create a market
03:24  or mining it or who knows what the plan
03:26  is so it's there's everybody's coming on
03:28  in a different side she really raises an
03:30  important question though around how
03:33  taxation needs to change in this digital
03:36  era you've got huge companies like
03:37  Google Facebook they don't make stuff
03:39  like the old manufacturing companies
03:40  everybody knew how to tax those who has
03:42  the convening power to bring those
03:45  companies and others to the table so
03:46  they don't end up saying well whatever
03:48  proposal the EU has or the US has or
03:50  whomever it's unfair who's gonna bring
03:52  all these folks together at a table I
03:54  don't know and I think also that the
03:55  point on privacy is related and that it
03:58  has to be looked at and it has to be I
04:01  think her point was in conjunction with
04:02  the companies and not just regulators
04:05  starting to put all sorts of new rules
04:07  and and stricter sort of laws around
04:09  this right well let's try to figure this
04:11  out

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2017-10-10

MacroView: Next Three Flash Points for the European Union (video)

The Next Three Flash Points for the European Union

Despite centrist or mainstream wins in elections in Germany, France and the Netherlands, support remains strong for nationalist, anti-immigrant and anti-EU parties across the bloc. Three critical issues could determine the future of the debate over Europe and the union: 1) immigration; 2) Eurozone; 3) defense. WSJ.com's Niki Blasina reports. Wall Street Journal (wsj.com) video above published Sep 26, 2017.

EU vs Ireland and Apple (NASDAQ: AAPL)

Brexit: EU vs UK

ECB Extends Quantitative Easing
See also:
  • European Central Bank To Extend Quantitative Easing? What Will This Do To Other Nations?  | SeekingAlpha.com"... It seems that there is an underlying rationale for the ECB extending its program of quantitative easing. The underlying rationale seems to be connected with the amount of bad loans that are on the books of eurozone banks ... This means that the Fed’s policy rate may be around 2.00 percent while the policy rates of the ECB continue to be where they are until early 2019. What will this do to exchange rates?..."--Professor John M. Mason

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2017-10-08

News Review | RySG Requests $$$ and "Detailed Accounting" From ICANN

News Review | ©2016 DomainMondo.com
Domain Mondo's weekly internet domain news review (NR 2017-10-08) with analysis and opinion: Features •  1) RySG Requests $$$ and "Detailed Accounting" From ICANN,  2) Other ICANN news: .AMAZON Diplomacy, 3)Names, Domains & Trademarks: Donuts' "struggling" new gTLDs, 4) ICYMI: Project Loon in Puerto Rico, 5) Most Read Posts.

1) RySG Requests $$$ and "Detailed Accounting" From ICANN
The RySG (gTLDs Registries Stakeholder Group) has requested $$$ (again), and a "detailed accounting" from ICANN--the latest in the festering spat between the failing new gTLDs' registry operators and the ICANN organization, specifically its "Global Domains Division" set up by ICANN ex-CEO Fadi Chehade and primarily staffed by incompetent cronies of Chehade, including its President, Akram Atallah, who, collectively, required 5½ months to summon up the courage to tell the RySG "No" in its reply dated August 29, 2017, to a previous RySG letter--see News Review | New gTLDs Hucksters Lose Again: ICANN Says No $$$ | DomainMondo.com.

In the latest correspondence from Paul Diaz, RySG Chair, the RySG requests to ICANN have multiplied and now include (emphasis and link added):
"An obvious request relates to an apparent double charging and a refund of the additional $5,000 ICANN collected from each registry operator to set-up the TMCH ... ICANN is very much in a position to refund registry operators for this overcharge, and we request that ICANN do so."
"We think that ICANN should launch a broad awareness campaign for the new gTLDs" [Editor's note: this request that ICANN become, in effect, a PR and marketing agency for new gTLD registry operators, seems incompatible with ICANN's Articles, and federal and state laws, and could cause ICANN to lose its 501(c)(3) status under the Internal Revenue Code:"The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual."].
"This letter requests a fee reduction of the exact type contemplated in Section 6.7 of the Registry Agreement" [Editor's note: 6.7 is a new section negotiated in secret between RySG and Atallah's "Global Domains Division"--see News Review: ICANN Secretly Colludes With New gTLD Registry Operators | DomainMondo.com--which became effective July 31, 2017, over objections of the ICANN community and others--see "Note" in paragraph "c." below].
 "... ICANN to provide the RySG with a detailed accounting of expenses to date ... If the ICANN organization anticipates further spending our application fees in this or other manners, we request, first, a reasonable forecast for their likely use, and second, deeper involvement in the associated budgeting process. The RySG does not necessarily presume the cogency of such expenditures ..."
"I will be in touch shortly to schedule an in-person discussion in Abu Dhabi. In the near term, we anticipate your more immediate reply regarding the TMCH fees request and an accounting of costs to date and potential future costs." 
The full embed of the latest letter is further below. The history of the correspondence in this matter (as published by ICANN), is as follows:

a. RySG asks for $$$ from ICANN
14 Mar 2017 Letter from Paul Diaz (RySG Chair) to Akram Atallah, Xavier Calvez, and Cyrus Namazi  [published by ICANN 16 March 2017]: "... the Registries Stakeholder Group (RySG) proposes that a portion of the 2012 excess application fees be used right away to offset registry fixed fees owed to ICANN ... we propose that registry operators of all delegated new gTLDs receive a 75% credit for their $6,250/quarter Fixed Registry Fee. Upon approval, this $4,687.50/quarter offset would last for four consecutive quarters, and would be eligible for renewal based on ICANN approval ... We ...  also propose that ICANN create a fund, to be seeded with US$3M at start-up, to promote universal awareness of new gTLDs ... This proposal does not preclude ICANN from considering at a later date some form of refund to all applicants ..."

b. ICANN Says "No"
29 Aug 2017 Letter from Akram Atallah to Paul Diaz [published by ICANN 30 August 2017]: "... We do not yet know how much of the New gTLD Program remaining funds will be required to address future unanticipated expenses, and by when. As such, at this time, ICANN is not in a position to commit to the dispensation of any potential remaining funds from the New gTLD Program applications fees. Thank you for your thoughtful proposal and for your understanding." 

c. RySG asks ICANN for $$$ again and to provide a "detailed accounting" etc.  
03 Oct 2017 Letter from Paul Diaz (RySG Chair) to Akram Atallah (President of ICANN's "Global Domains Division") [published by ICANN 06 October 2017] embed below (highlighting and note added)--Note: Diaz (p.2) fails to note that Section 6.7 of the Registry Agreement was an amendment added effective July 31, 2017, negotiated in secret by and between Akram Atallah's "Global Domains Division" and the Registries Stakeholder Group (RySG), and approved by the ICANN Board over the objections and concerns expressed by members of the ICANN community and others during the public comment period (see comments here). Full embed:

Editor's note: The new gTLDs do not suffer from a "lack of awareness" problem. That's just a false narrative being pushed by the new gTLDs lobby to explain the lack of consumer (registrant) demand for what is essentially, an unwanted and defective product. As I've stated before:
"ICANN foolishly and incompetently expanded gTLDs (generic top-level domains) from just 22 (.com, .net, .org ... .gov, .mil, .edu, .int) to over 1200 starting in 2014, and now the new gTLDs hucksters (registry operators et al) are finding out that hundreds of new gTLDs are "unwanted and unneeded" and they are going broke, and want ICANN to "bail them out." ICANN has slowly begun to realize its own "pipe dream" about new gTLDs was delusional, and is now "looking out for #1" (#1 is the ICANN organization and its budget that pays the obscenely extravagant salary and benefits packages to ICANN management and much of the staff)."
Of course, all of this is nothing new--just read Why new top-level web domains are doomed to fail | Media Network | TheGuardian.com 12 Feb 2013or FTC Warns That Rapid Expansion of Internet Domain Name System Could Leave Consumers More Vulnerable to Online Fraud | Federal Trade Commission Dec 16, 2011; or Expanding Internet Domains | The New York Times Dec 25, 2011"There is no pressing need to create hundreds of new suffixes next year. It would be far better for ICANN to start with a pilot program to work out problems before expanding the system."

Bottom Line: With its new gTLDs expansion, ICANN made a "mess of the DNS," and now its most influential "stakeholder group"--the RySG (which represents all of the generic top-level domains' (gTLDs) registry operators)--has essentially been "captured" by the new gTLDs registry operators (no need for a theDNA.org), and will continue its relentless push that ICANN essentially cave-in to all its demands.

2) Other ICANN news
a. .AMAZON Diplomacy--new gTLD .AMAZON and What It Means For ICANN--Council on Foreign Relations: "... Brazil and its allies are not without tools outside of ICANN to act on its views, including sovereign authority over commerce in their markets. This is a sensitive situation that requires diplomacy, the exercise of mutual respect, and creative mechanisms for ensuring all sides feel fairly treated."--Daniel Sepulveda, former U.S. Ambassador, Deputy Assistant Secretary of State, and Coordinator for Communications and Information Policy from 2013 to 2017.

b. ICANN60 Meeting schedule will be posted on Monday, 9 October 2017. Pre-ICANN60 Policy Open House | ICANN.org: Thursday, 19 October 2017, 10:00 and 19:00 UTC (via Adobe Connect and dial-in), register via this form by 17 October 2017. The "Pre-ICANN60 Policy Report" and "Generic Names Supporting Organization Policy Briefing: ICANN60 Edition" will be published by 12 October 2017. More info here.

c. ICANN's SSR2 Team already off-track? 03 October 2017 Letter from Patrik Fältström, Chair | ICANN Security and Stability Advisory Committee, to ICANN Board (pdf) [published by ICANN 04 October 2017] re the Security, Stability and Resiliency of the DNS Review (SSR2). See also Letter from ICANN Board to SSR2 Team concerning scope of proposed work plan for SSR2’s Subteam 2.

d. WHOIS & GDPR02 October 2017 Letter from IPC to ICANN's Theresa Swinehart and Akram Atallah re GDPR Ad-Hoc Working Group [published by ICANN 04 October 2017] Letter signed by Greg Shatan, President | Intellectual Property Constituency (IPC), excerpt below. .
IPC Letter (pdf) re: ICANN's GDPR Ad-Hoc Working Group
Editor's note: ICANN stated at its October 4 webinar that "at the request of the Business Constituency" a cross-community session will be scheduled for ICANN60 in Abu Dhabi, on Thursday, November 2, 10:30am to "work with the community" on GDPR issues.

ICANN Legal Memorandum (final version) re: Final responses to EU data protection (GDPR) questions re gTLD Registration Directory data (WHOIS)
 GDPR legal memorandum to ICANN
Full memo--https://gnso.icann.org/en/drafts/wsgr-icann-memorandum-25sep17-en.pdf (pdf).

e. ICANN Webinar on the KSK Rollover Delay and Next Steps--ICANN.org: "The webinar [October 11, 2017, 1500–1600 UTC] will be conducted by Matt Larson, Vice President of Research in ICANN's Office of the Chief Technology Officer. Larson will be joined in the webinar by Duane Wessels, Distinguished Engineer at Verisign, Inc. Wessels has compiled data about the readiness of resolvers for the upcoming root KSK roll." Webinar Details & How to Attend are here.

3) Names, Domains & Trademarks

4) ICYMI Internet Domain News 
  • Project Loon in Puerto Rico (via WIRED.com): Alphabet (a/k/a Google $GOOGL $GOOG) gets approval from FCC to fly 30 Project Loon balloons over Puerto Rico for 6 months, after Irma and Maria left 90% of the island without voice or internet connectivity.

5) Top 4 most read posts (# of pageviews Sun-Sat) this past week on DomainMondo.com: 

-- John Poole, Editor, Domain Mondo 

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