FOMC meeting, Fed Chairman's LIVE Press Conference Sep 26

Fed Chairman Powell
FOMC meeting on September 25-26, 2018: this meeting is associated with a Summary of Economic Projections and a press conference by the Federal Reserve Chair Jerome ("Jay") Powell. Expect a 25 basis point increase to a 2.00% - 2.25% target for the fed funds rate. Fed Funds Futures odds here.

The 2:30 pm EDT press conference may include questions about trade policy although Chair Powell has avoided this issue in the past. Will tariffs cause inflation, increasing the need for more rate hikes, or chill spending and capital investment, negating further need for higher interest rates?

Domain: federalreserve.gov
FOMC Summary of Economic Projections for the Fed Funds Rate Jan 2018 - Jan 2020, Median (FEDTARMD)

feedback & comments via twitter @DomainMondo



US Senate Hearing To Examine Safeguards for Consumer Data Privacy

What is the impact of digital privacy regulation on the tech industry?

TheAtlantic.com video above published Sep 14, 2018: Victoria Espinel, President, BSA | The Software Alliance, Michael Beckerman, CEO, The Internet Association and Dean Garfield, President and CEO, Internet Technology Industry Council. The panelists weigh in on adapting to regulation, the social impact of technology, and innovation.

Experts in digital privacy and protection weigh in on the current landscape

TheAtlantic.com video above published Sep 14, 2018: Harriet Pearson, Partner, Hogan Lovells, Bruce Schneier, Fellow, Berkman Klein Center for Internet and Society, Harvard University and Ari Waldman, Professor of Law and Director, Innovation Center for Law and Society, New York Law School share their thoughts on the importance of emphasizing innovation, risks of data collection and consumer rights. More info: protectingprivacy.theatlantic.com.

US Senate Commerce Committee Hearing: Examining Safeguards for Consumer Data Privacy: U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, will convene a full committee hearing titled “Examining Safeguards for Consumer Data Privacy” at 10:00 a.m. EDT on Wednesday, Sep 26, 2018. LIVE video of the hearing will be available on commerce.senate.gov.

The hearing will examine privacy policies of top technology and communications firms, review the current state of consumer data privacy, and offer members the opportunity to discuss possible approaches to safeguarding privacy more effectively.
“Consumers deserve clear answers and standards on data privacy protection. This hearing will provide leading technology companies and internet service providers an opportunity to explain their approaches to privacy, how they plan to address new requirements from the European Union and California, and what Congress can do to promote clear privacy expectations without hurting innovation”--Senator Thune.
  • Mr. Len Cali, Senior Vice President, Global Public Policy, AT&T Inc.
  • Mr. Andrew DeVore, Vice President and Associate General Counsel, Amazon.com, Inc.
  • Mr. Keith Enright, Chief Privacy Officer, Google LLC
  • Mr. Damian Kieran, Global Data Protection Officer and Associate Legal Director, Twitter, Inc.
  • Mr. Guy (Bud) Tribble, Vice President for Software Technology, Apple Inc.
  • Ms. Rachel Welch, Senior VP, Policy & External Affairs, Charter Communications, Inc.
*Witness list subject to change (source).
Twitter: @SenateCommerce

The European Union's sweeping privacy law known as the General Data Protection Regulation, or GDPR, became enforceable May 25, 2018, requiring websites to be more transparent about how they handle personal data and giving users more control over what companies can do with their information. A month later, California passed the United States' toughest data privacy law to date in an effort to head off an even stricter ballot initiative. The new California law does not go into effect until 2020, setting off a push in the tech industry for national privacy standards that would prevent (preempt) states from enforcing their own rules.
EFF.org: "The Senate Commerce Committee is getting ready to host a much-anticipated hearing on consumer privacy—and consumer privacy groups don’t get a seat at the table. Instead, the Committee is seeking only the testimony of big tech and Internet access corporations: Amazon, Apple, AT&T, Charter Communications, Google, and Twitter. Some of these companies have spent heavily to oppose consumer privacy legislation and have never supported consumer privacy laws. They know policymakers are considering new privacy protections, and are likely to view this hearing as a chance to encourage Congress to adopt the weakest privacy protections possible—and eviscerate stronger state protections at the same time. It is no coincidence that, in the past week, two leading industry groups (the Chamber of Commerceand the Internet Association) have called for federal preemption of state data privacy laws in exchange for weaker federal protections. For example, laws in California and Illinois require companies to have user consent to certain uses of their personal information (Nevada and Minnesota have these requirements for Internet access providers), while the industry proposals would only require transparency. That means that companies would be allowed to collect information without your permission as long as they tell you they’re doing it. The upcoming hearing at the Senate Commerce Committee may be the launch pad for this strategy of undoing stronger state laws ..."
See also:
  • Google releases framework to guide data privacy legislation--TheHill.com

feedback & comments via twitter @DomainMondo



The New Microsoft $MSFT, Microsoft Ignite, Orlando, LIVE Sep 24-28

Developing for the Cloud | Microsoft Ignite 2018

Microsoft's Jeff Sanquist, general manager who leads developer relations: “My team is laser-focused on changing the relationship with technical audiences around the world.”

Azure Compute:
Microsoft Ignite - Azure Compute
Microsoft Ignite, September 24–28, 2018, Orlando, Florida
Microsoft Ignite has sold out. Watch the keynotes and sessions LIVE--join the live stream starting September 24 here.

Agenda - Sessions - Speakers

Domains: ignite.microsoft.com  |  azure.microsoft.com
Microsoft Corporation

feedback & comments via twitter @DomainMondo



News Review: ICANN & GDPR, EPDP F2F Meeting in LA, Sep 24-26

graphic "News Review" ©2016 DomainMondo.com
Domain Mondo's weekly internet domain news review (NR 2018-09-23 with analysis and opinion: Features •  1) ICANN & GDPR, EPDP F2F Meeting in LA, Sep 24-262) ICANN New gTLDs CCT-Review Report, and more, 3)a.Canada's TM law, b. GoDaddy & new gTLDs, c. ccTLD .eu, and more, 4) ICYMI: Internet Freedom (EU,UK), Net Neutrality (US), 5) Most Read.

UPDATE Sep 24, 2018: ICANN said today it is considering (beyond its role as a WHOIS data 'controller' and its role in contractual enforcement), to "be acknowledged under the law as the coordinating authority of the WHOIS system ... shifting the liability for providing access to non-public registration data to ICANN and establishing a globally scalable unified solution for access to non-public WHOIS data," adding, "it will be important to engage with the European Data Protection Board to test with them whether the approaches and interpretations of the law may ultimately provide a feasible solution meeting the needs of stakeholders seeking access to non-public WHOIS." (emphasis added)

1) ICANN & GDPR, EPDP F2F Meeting in LA, Sep 24-26
ICANN EPDP Working Group Face-to-Face Meeting in LA Sep 24-26, 2018. Google Map of ICANN offices and hotel and logistics info (pdf). Non-members of the EPDP Team can follow EPDP meetings via Adobe Connect or audio cast via browser or application.

LA F2F Meeting wiki pageagenda with local (PDT) and UTC times, slides, documents, recordings. Meeting facilitators: David Plumb, Gina Bartlett and Toby Berkman of CBI.org.


UPDATE Sep 24, 2018, slides:

F2F agenda (subject to change), times shown are local PDT:

Editor's note: links to transcripts and Adobe Connect recordings will be posted here, as made available by ICANN. Note that links to EPDP meetings' transcripts are posted (usually within 24 hours) on the GNSO calendar. See also EPDP Team wiki, mail list, Temp Spec, EPDP Charter (pdf), GNSO's EPDP page, & weekly updates to GNSO Council.

EPDP Highlights for the week ending Sep 22 (emphasis and links added):

GNSO Council mail list:
Sep 18, 2018: "The BC/IPC [ICANN Business Constituency and Intellectual Property Constituency] recently sent a letter [pdf] to ICANN org about the accreditation and access model. This letter seems problematic at this stage of the game. We discussed this issue ad nauseam during the EPDP Charter development and the Council has tasked the EPDP with addressing the Annex. To ask ICANN org to circumvent the EPDP undermines the policy development process and seems disingenuous to the Council's approval of the Charter. In addition, the EDPB's July 5 letter [pdf] states responsibility for designing an access model lies with ICANN and the registries/ registrars, not just ICANN as indicated in the BC/IPC letter. Will our BC and/or IPC councilors please shed some light on this?"--Darcy Southwell (RrSG).  
Sep 19, 2018: "Darcy has asked an excellent question. As an outgoing councilor, I guess I can afford to be blunt here. What is going on? I quit the RDS PDP after two years of soul destroying work because it was blindingly clear we were going nowhere, and the Board was already working on a temp spec to override anything we were doing. IS the same thing going to happen with the EPDP? I am deeply concerned about the integrity of the multi-stakeholder process. Sorry for being direct, but time is precious."--Stephanie Perrin (NCSG). 
Editor's note: the lone response from either BC or IPC councilors as of Sep 21, 2018, is here
EPDP Sep 18 meeting chat transcript (pdf):  Milton Mueller (NCSG): "... confusing access with purpose again .... and again .... and again" .... Farzaneh Badii (NCSG): "... gating questions have to be answered. We are not answering them. Every meeting has turned into an access meeting ..." Stephanie Perrin (NCSG): "Another useful document on the DPIA process, endorsed by the Schleswig Holstein DPA (co-author) is available here ... targeted to GDPR compliance ... (file under
educational efforts, or what we ought to be doing at this point) ... Useful also in that it crosslinks to relevant standards." 

EPDP Sep 18 meeting transcript (pdf, 49 pp.):
Milton Mueller (NCSG): "Yes, Kurt [Pritz], these comments are primarily directed to you as the chair of this committee. We've just spent half of our meeting on an extraneous agenda item. I don't know how we got – how this got prioritized. I think it’s very evident from the discussion that it should not have been prioritized. And I’m – I really think that we need to have better management of our agenda. We have to focus on the things that are essential to the temp spec and that is what data is collected, what are the purposes and what data is going to be redacted in public Whois. It’s simply unacceptable for us to keep getting distracted from these fundamental issues onto things that are secondary and that may not even be controversial once we've decided what data elements are actually going to be collected and what are going to be disclosed. So can we get off Appendix C? Can we just drop it? It’s not getting us anywhere. It’s a waste of time and I think I still don't understand how we even got on this." p.19 
Kurt Pritz (EPDP Chair): "Okay, Milton ..." 

[Editor's note: Kurt Pritz, the inept EPDP Chair appointed by the GNSO Council, is a major contributor to the EPDP working group's dysfunction. Maybe the LA F2F meeting facilitators (CBI) can ameliorate some of the effects of Pritz's dysfunction.]

Stephanie Perrin (NCSG): "... In many ways Alan [Woods, RySG] has just made my point. We are going in circles, folks. I hope some people have now taken the training but unfortunately the training is, while it’s very good I think, for length of time that takes to do it ... it does not help us do a privacy impact assessment on the framework that we're dealing with. And the problem, as I see it, is that the bylaws to which Alan keeps referring ... require a privacy impact assessment. Everybody’s assuming that the bylaws as ICANN has set them up, are some kind of gospel. They don't comply with data protection law. We have been told by the DPAs point blank over years, that it's not up to ICANN to set itself up as a law enforcement data dump. I’m paraphrasing there ... the purposes of third parties are not the purposes of ICANN and ICANN cannot write itself bylaws that provide that ... If we’re going to be going in circles you might as well go back and do a privacy impact assessment of the entire registration data service because this isn't working ..." p.24

EPDP Sep 20 meeting chat transcript (pdf): Amr Elsadr (NCSG): "I'm in favor of attempting to answering the Charter questions, as opposed to redlining the temp spec." ...   Kristina Rosette (RySG):+1 Amr (answering charter questions and not redlining TS) ... Milton Mueller (NCSG): "Please, let's not redline Temp Spec" .... "our ultimate objective is to replace the temp spec with a real policy, have we forgotten that?" ... farzaneh badii (NCSG): "why are we thinking about section by section. lets think about charter questions, the data elements, answer questions and then see which sections of temp specc has to be revised." Milton Mueller (NCSG): "exactly, Farzy." Amr Elsadr (NCSG):@Farzi: +1 ....  Milton Mueller (NCSG): "An access method is outside the gating question" ... Ashley Heineman (GAC): "I agree Milton" ... Thomas Rickert (ISPCP): "Kurt - I think Milton made an excellent point when he said that you can only have a discussion about redaction once you know what you collect in the first place" ...  Ashley Heineman (GAC): "... I think the charter questions provide a good framework for our discussions" ... Milton Mueller (NCSG): "I am going to leave the call ... this is a waste of time" ... Thomas Rickert (ISPCP): "... Today, I am quite frustrated because we do not seem to be making any progress at all."

EPDP Sep 20 meeting transcript (pdf, 45pp.):
Milton Mueller (NCSG): "Yes I’m just – there’s some kind of strange process going on here but I
thought I had made the point [p. 35] that we cannot discuss access to nonpublic Whois data until we know what the data is and what is public and what is nonpublic. And here we are having a discussion of access to these data elements that we don't even know and we don't know what's public and nonpublic. Why is this happening? Did I miss something in the discussion? It seemed like you agreed with me, Kurt, that there was a logical order to the discussion of these elements. Are we discussing what we’re going to discuss when we’re in Los Angeles? Or are we having this discussion in a real sense? I’m just completely lost here." p.40

Kurt Pritz (EPDP Chair): "Thanks, Milton. I think there are several topics in Appendix A, other than
redaction, that require discussion where redaction isn't necessarily on the critical path. And so what …" p.40

Milton Mueller (NCSG): "… redaction is not on the critical path when you're talking about access to nonpublic Whois data and redaction tells you what's public and what's not public? How can you say that?" p.40

Kurt Pritz (EPDP Chair): "I wasn’t referring to access, I was referring to some of these other things that are in Appendix A ..." p.40

Mark Svancarek (BC): "... I really reject the idea that we must define all data elements to be redacted before we can talk about the concept of reasonable access ..." p.41 

James Bladel [RrSG]: "... I keep feeling like we just continue to get wrapped around the access issue and ... it’s unfortunately just not something we can take on in the scope of the time that we have. And I think that that’s one of the reasons why the GNSO Council designed the charter the way they did. So I think we just need to kind of note it, flag it, and move on. Thanks." p. 42

Editor's noteThe continual diversions to access and 3rd party purposes and interests, particularly by Facebook's Margie Milam  and Microsoft's Mark Svancarek (BC EPDP members), together with the inept EPDP Chair's dysfunction, is fast sinking any chance of this EPDP working group addressing 3rd-party "access" to redacted WHOIS registration data, due to a lack of time, if nothing else. But again, that may be the strategy of the IPC (Intellectual Property Constituency) and BC (Business Constituency) in order to put more "pressure" on ICANN management and the ICANN Board to adopt and implement a "unified accreditation and access model" more to IPC and BC's liking, without input from this EPDP working group. See BC/IPC Sep 7 letter (pdf) to ICANN CEO Goran Marby.

The EPDP working group wasted almost the entire month of August compiling a "triage report" for the GNSO Council that could instead have been simplified to a survey completed in the first week of August, followed immediately with the EPDP Team addressing the Charter's gating questions. Instead the inept EPDP "leadership team" assisted by ICANN staff, forced the EPDP working group to engage in temp spec redlining exercises:
“I came into this thinking that the fastest way home was to sort of redline the temporary specification"--Kurt Pritz, EPDP meeting Sep 20, 2018, transcript, supra, p.10.
In other words, Kurt Pritz thought he knew a better way than following the GNSO Council's EPDP Charter, which is why the EPDP team is behind schedule and "off track" as it arrives in LA this week for its face-to-face meeting. I have observed every meeting of this EPDP working group, and thus far, from all indications, it appears Pritz lacks the intellect, aptitude, and/or skills, to be an effective EPDP Chair. Until the Chair's dysfunction is addressed, this EPDP isn't likely to get much done.

More info and updates on last week's meetings in last week's News Review.
Photo of ICANN CEO Goran Marby, with words below:" ICANN's  GDPR Train Wreck"  ©2018 DomainMondo.com
Definition of "train wreck" -- a chaotic or disastrous situation that holds a peculiar fascination for observers.
Note also:
ICYMI ICANN Lost Again in the Appellate Court in Germany:
ICANN v. EPAG Domainservices, GmbH (a Tucows affiliate)

2) Other ICANN News
graphic "ICANN | Internet Corporation for Assigned Names and Numbers"
a. ICANN's Whitewash CCT-Review Report: Competition, Consumer Trust, and Consumer Choice Review Team Final Report (pdf), re: new gTLDs
"the review team concluded that the New gTLD Program should be regarded only as a “good start,” and that a number of policy issues should be addressed before any further expansion of gTLDs."--Report, supra, p.6 (emphasis added)
Editor's note: a good start? Hardly! New gTLDs are (for the most part) a BIG #FAIL, but ICANN's CCT-Review Team was unable or unwilling to honestly assess and acknowledge ICANN's Mistakes, Fiascos, and Horrible Implementation which resulted in this disastrous new gTLDs program. Recommendation: Relegate this CCT-Review Report to File 13But did anyone really expect anything different from this Review Team handpicked by former ICANN CEO Fadi Chehadé?

b.  Root KSK Rollover: ICANN Board approved (with dissent) to change or "roll" the key for the DNS root on 11 October 2018 (first time the key has ever been changed)--ICANN.org. See also What To Expect During the Root KSK Rollover (updated 17 Sep 2018)(pdf).

c. ICANN Webinars on Proposed Updates to Draft Operating Standards for Specific Reviews 04 Oct 2018: 16:00 UTC, and 05 Oct 2018: 00:00 UTC. More info here.

d. GNSO Project List (pdf) 19 Sep 2018.

e. New gTLD .Merck: Merck KGaA’s written Submission (pdf) in support of Oral Presentation to BAMC on 4 Sep 2018.

f. is for FAIL: ICANN Reviews | glassdoor.com--what ICANN employees are saying about ICANN: "Sinking ship ... Senior management don't seem to have a clue ... Highly political and run by SJW's with ego problems ..."

3) Names, Domains & Trademarks
graphic "Names, Domains & Trademarks" ©2017 DomainMondo.com
a. Trademarks: changes to Canada's trademark laws will remove the use requirement, possibly opening up the trademarks register to a flood of speculation. The changes, set to come into effect next year, will also institute three international trademark treaties: the Nice Agreement, Singapore Treaty and Madrid Protocol--CanadianLawyerMag.com. Editor's note: forget about domain speculation, trademark speculation may be the speculators' new game of choice and Canadian trademark lawyers' equivalent of ICANN's new gTLDs program.

b. Domains: Top Registrar in World: Godaddy has only 5.8% of top 16.6 MILLION New GTLD Registrations! | ricksblog.comEditor's note: GoDaddy $GDDY, the world's largest domain name registrar, manages 21% of all domain names in the world--expandedramblings.com--but new gTLDs' domain names comprise only 1% of all domain names managed by GoDaddy. Why? New gTLDs (for the most part) are a BIG #FAIL.

c. ccTLD .eu: Euro bureaucrats tie up .eu in red tape to stop Brexit Brits snatching back their web domains | register.co.uk.

d. Prepared especially for ICANN's Next Round? A Top Level Domain (TLDRegistry In A Box, don't you want your very own brand new gTLD?

4) ICYMI Internet Domain News 
graphic "ICYMI Internet Domain News" ©2017 DomainMondo.com
Internet Freedom
EU: "EU copyright rules would limit online freedom"--Mitchell Baker, Executive Chairwoman of Mozilla, Mountain View, CA, US--ft.com. But see also "French applaud EU copyright reform vote"--euractiv.com.

Internet Freedom
UK: "Politicians are threatening our right to have private discussions - we must not let them ban secret social media groups"--telegraph.co.uk.

Net Neutrality
US: FCC Chairman Ajit Pai Slams California Net Neutrality Bill--"The internet should be run by engineers, entrepreneurs, and technologists, not lawyers, bureaucrats, and politicians," Pai said. Pai is also citing a recent federal court of appeals ruling as evidence states lack the legal authority to reimpose net neutrality.

5) Most Read Posts this past week on DomainMondo.com: 
graphic "Domain Mondo" ©2017 DomainMondo.com

-- John Poole, Editor  Domain Mondo 

feedback & comments via twitter @DomainMondo



Tech Review: 1) First Major Global eSports League; 2) eSports in China

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2018-09-22)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) First Major Global eSports League, 2) How eSports Became So Big In China, 3) Investing: The Week, Investing Notes: Next Financial Crisis, 4) ICYMI Tech News: Fourth Industrial Revolution, Apple, Google, China, Crude Tech, Mary Meeker.

1) First Major Global eSports League

Overwatch League: E-Sports Done Differently

Overwatch League (overwatchleague.com): An in-depth look at the first major global e-sports league with city-based teams. Fortune.com video above published Sep 5, 2018.
2) How eSports Became So Big In China

Jason Fung, global eSports director of Alisports (alisports.com), says the growth in internet cafes in China is a reason why professional gaming has taken off in a big way. CNBC.com video above published Sep 12, 2018.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite -0.3% | S&P 500 Index +0.8% | DJIA +2.2%  The Dow Jones Industrial Average (DJIA) on Friday made its second straight record close in succession.
Divergence between the U.S. equity market and the rest of the world is stark and unprecedented: "If one looks at price momentum – it is positive for US stocks and negative for Europe and Emerging markets across all relevant lookback windows. This has never happened before. Over the past 20 years, even the individual regional indices rarely had such a divergence (for instance, the divergence of US and Europe momentum happened only 2 times)."--JPMorgan's Marko Kolanovic.
Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes: the next Financial Crisis

Europe did not overcome the effects of the 2008-2009 crisis: Professor Portes

U.S. dealt quickly with the problems of the banks – Europe did not, says Richard Portes, professor of economics at London Business School. CNBC.com video above published Sep 12, 2018

EU: Ten years after Lehman collapsed, where do European banks stand now? "European banks have been building core capital and strengthening their balance sheets. However, it has not been fast enough and challenges remain. Non-performing loans in Europe are more than double relative to all loans than in the U.S., exposure to sovereign debt and risky emerging economies remain too high and net income margins are very weak"--Daniel Lacalle, chief economist and investment officer, Tressis Gestion (tressis.com). See also "The Real Cost of the 2008 Financial Crisis"--NewYorker.com.

The flashpoint for the next crisis is likely to be in Europe, especially Italy, maintains John Mauldin, chairman of Mauldin Economics (mauldineconomics.com), “I think the choice of Europe is … going to have to put [all the debt] on the balance sheet of the European Central Bank ... If they don’t, then the euro zone breaks apart and we’re going to get a 50% valuation collapse.”

Hard Brexit: Brexit negotiations between UK and the EU are at an impasse. EU leaders said UK Prime Minister Theresa May's Chequers plan would not work. May responded there will be no second referendum, assuring EU citizens living in the UK their rights would be protected--axios.com. Editor's note: UK needs to either prepare now for "Hard Brexit," negotiating "Free and Fair" trade deals with the U.S. and others, to replace UK's dependence on the EU market, or just surrender to being a vassal state of Brussels.

Emerging Markets: “The ultimate thing that brings down financial markets is excess leverage … So, you look where’s the big leverage, and right now I think it’s in emerging markets.”--Gary Shilling, president of consultancy A. Gary Shilling & Co. (agaryshilling.com).

China: "there are three troubling signs that China is a prime candidate to be the site of the next financial crisis: overheating in its real-estate sector, a roller-coaster stock market, and a rapidly growing shadow-banking sector"--Walden Bello in thenation.com.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
  • The Fourth Industrial Revolution is "connecting everyone and everything together.. All boundaries between us are being erased, and we’re being connected like we never have before. That’s what’s happening, and it’s very powerful."--Marc Benioff, CEO, Salesforce.com, Inc. Note also Dreamforce, San Francisco, Sep 25-28.
  • Alphabet a/k/a Google $GOOGL $GOOG: Where in the World Is Larry Page?--Bloomberg.com.
  • Apple Pay & Google Pay: 7-Eleven says Apple Pay and Google Pay are now accepted at nearly all of its 10,000+ locations across the U.S.
  • Apple's New iPhones: What It Means For Investors--SeekingAlpha.com.
  • Phone Call Scams will be nearly half of all cellphone calls by 2019--WashingtonPost.com.
  • China's smartphone market shipped 104.8 million units in Q2 2018, declined by 5.9% year-on-year. Shipment of all leading brands increased except for Apple, which dropped by 12.5%. Huawei and Vivo both saw high growth of 21.7% and 24.3% year-on-year, respectively--ChinaInternetWatch.com.
  • Crude Tech: USA Is Now The Largest Global Crude Oil Producer – Surpassing Russia and Saudi Arabia--climatedepot.com and eia.gov.
  • Mary Meeker, legendary internet analyst, leaving renown Silicon Valley VC firm Kleiner Perkins, with three of her partners, to form a new VC firm of late-stage investors--recode.net.

-- John Poole, Editor  Domain Mondo 

feedback & comments via twitter @DomainMondo



Google $GOOG $GOOGL Celebrates 20 Years This Month

7 Important Dates in Google’s History

Fortune.com video above published Sep 4, 2018: Google (google.com) is celebrating 20 years this month.
source: Statista.com

feedback & comments via twitter @DomainMondo



China's Top Search Engine Baidu $BIDU, AI, & Self-Driving Cars (video)

What is Baidu?

CNBC International video above published Sep 6, 2018: Baidu, the company behind China's most popular search engine, is now venturing into AI and self-driving cars. CNBC's Uptin Saiidi explores what's behind one of China's tech titans.

Baidu, Inc.
Principal domain: baidu.com
Investor Relations: ir.baidu.com
Inside Baidu's high tech headquarters in Beijing

CNBC International video above published Sep 5, 2018: Inside the campus behind China's largest search engine, CNBC's Uptin Saiidi explores its facial recognition technology and autonomous vehicle ambitions.

feedback & comments via twitter @DomainMondo



Buy or Sell Stocks? Nobody Understands the Stock Market (videos)

One View: "Wall Street Is Probably Too Optimistic on Stocks, Sell Now"

"Investing Strategies - Morning Jolt" video above published by TheStreet.com Sep 18, 2018: Sell now, ask questions later?

"The Reality" according to TheStreet.com's Brian Sozzi, who is bearish, in the video above: "Within a week, two industrial powerhouses have let investors down with their profits. Investors have to start paying attention. 3M warned last week on profits amid higher commodities costs. FedEx missed earnings forecasts on Monday by a whopping 34 cents thanks to investments in higher worker wages."

Fund Managers Say: A net 24% of investors surveyed by BofA expect global growth to slow in the next year, up from net 7% in August. It marked the worst outlook on the global economy since December 2011. Editor's note: this may, in fact, be a bullish sign for buying more U.S. stocks as the large U.S. domestic market is not as dependent on exports as say, China or Germany. In that case,  Wall Street's bull market may be "where the action is" among global equity markets for the foreseeable future, and may have a lot more life left in it. U.S. stock exchanges are still getting plenty of domestic, as well as many, if not most, of the best non-domestic tech listings and IPOs, including from Europe (e.g., Spotify $SPOT) and China.

Market tops usually come when greed has fully displaced fear (which is not the case today), one reason why almost everyone, including the Federal Reserve, didn't see the 2008 crisis coming.

Around The Street: Over on Real Money, TheStreet.com's Jim Cramer tackled why nobody cares about high valuations on stocks. "What's so frustrating, what's so maddening about this market right now, though, is that valuation makes no difference whatsoever in anyone's thinking. Anyone. You get these downgrades by analysts on valuation and you just roll your eyes because, you see -- and this is really the rub -- the buyers do not care. They aren't going to stop here. They get new money in, they look at their stocks, they think their stocks are cheap and they buy more of them. It's an insanely non-rigorous virtuous circle. You want to boil down the current investment thesis? It goes like this: I buy them because they go higher and they go higher because I buy them. Could there be a more stupid or a more profitable investment strategy at this moment -- and perhaps until the end of the year? I don't know. I can't think of one," Cramer said.

Editor's note: end of the year? It could run a lot longer than that--Trump wants a trillion-dollar infrastructure program--and may get the OK from Congress next year, with help from Democrats. Remember,Trump is a real estate developer who was always very comfortable using leverage (debt).
NASDAQ Composite
Trade Wars and Tariffs? "Tariffs on another $200 billion will mean about 12% of U.S. imports have seen a tariff hike. That means an average tariff increase of only 1.6% across all imports, so tiny compared to the 1930s, when they were 20%," says Shane Oliver, chief economist at AMP Capital Investors (ampcapital.com)--Markets Shrug Off Fresh Trade Salvo | SeekingAlpha.com Sep 18, 2018.

Looking further into 2019, is Brexit: Friday, 29 March 2019. The UK economy is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest measured by purchasing power parity (PPP). The EU seems to be forcing UK into a "hard Brexit" which will only strengthen Trump's hand for a quick "Free and Fair" trade deal between the US and UK, which both Donald Trump and Theresa May say they want. The UK is a net importer from the EU, so the EU stands to be hurt more by a "hard Brexit" than the UK, and opening the UK's $3.028 trillion economy (GDP PPP) to U.S. goods and services will open to the U.S. a developed market 1½ times the size of Canada's (GDP PPP), and for the UK, opening the U.S. economy ($20.4 trillion) to UK goods and services, will more than replace the EU (minus UK), as a trading partner. In such a scenario, don't be surprised if Trump, ever the showman, gloats over the stupidity of Brussels and Merkel, with what one might describe as a "shock and awe" US-UK trade deal meant to embarrass and humiliate the EU overlords in Brussels. Unlike Mexico, the UK, as a US trading partner, does not present competitive problems of low wages, lax environmental rules, crime and corruption. There is no language barrier, and the financial systems of both countries are already closely linked.

Michael Lewis: Nobody Understands the Stock Market

Bloomberg.com video above published Apr 2, 2014: "Flash Boys: A Wall Street Revolt" Author Michael Lewis discusses his book, trading and the stock market on Bloomberg Television's "Market Makers."

Editor's note: unless you are a professional trader, hedge fund manager, etc., the above is a good reason why individual investors should stick with index funds, starting with VFIAX, VFINX, or the like.

On the other hand,  cryptocurrencies? Hope you got out:

-- John Poole, Editor  Domain Mondo 

feedback & comments via twitter @DomainMondo



YouTube & The Battle For Free Speech (video)

YouTube & The Battle For Free Speech (video)

Economist.com video above published Aug 28, 2018: Over one billion hours of YouTube videos are viewed every day and a new generation of content creators are harnessing the power of the social-media platform, but they're also grappling with issues surrounding censorship and free speech. A new breed of creatives, known as influencers, are the modern broadcasters of the internet age, some as young as four years old, who are streaming their content to millions of viewers.

YouTubers are also increasingly using the platform and global audience to push the boundaries of free speech and promote their own brand of positive values, but not just a western, influencers around the world freely express their opinions.

In places where free speech has been suppressed in the past, freedom of speech comes with its difficulties. Like Facebook, Twitter and other digital platforms, YouTube is forced to grapple with complex decisions about censorship. It aspires to be politically neutral, but doesn't allow hate speech.

The line between free speech and hate speech is a fine one. Without the contest of ideas, the world cannot progress. Influencers like these may be at the heart of our democratic future.

Principal domain: youtube.com

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HBO vs Netflix, LVMH vs Amazon, iOS vs Android (video)

HBO vs Netflix

L2inc.com video above published Sep 13, 2018: HBO execs have proposed moving to a Netflix strategy. This is a terrible mistake says Scott Galloway.

Editor's noteBoutique vs Big:
  • HBO vs Netflix
  • LVMH vs Amazon
  • Mercedes vs Toyota
  • Emirates vs Southwest Airlines
  • iOS vs Android

Transcript (auto-generated):
00:01 from the age of 25 to 40 i lost the
00:05 capacity to cry not once not when people
00:08 close to me passed away not when things
00:10 move me just couldn't do it for some
00:12 reason as a matter of fact the only time
00:14 I ever really felt anything I mean
00:17 really felt something between the ages
00:19 of 25 and 40 was when I was under the
00:21 influence of media specifically
00:25 television a hundred years from now TV
00:27 will be recognized as the defining art
00:29 form of our age when Michael realizes is
00:32 on the bus that killed his father Claire
00:35 reviewing her life as she is about to
00:38 pass anything with Hank from the Larry
00:40 Sanders show I will be your champion
00:43 Game of Thrones the original gangster
00:46 Sopranos a mob soldier perusing photos
00:50 of him and his family at the shore
00:51 before he hangs himself what do most of
00:53 these shows have in common three things
00:56 one h-2b and 300 HBO changed the
01:03 television landscape full stop yes they
01:05 should have seen Netflix coming but
01:07 Netflix similar to Amazon and other
01:09 unicorns was able to execute on a
01:11 strategy that HBO's parent company Time
01:13 Warner could not specifically cheap
01:16 capital without pressure for
01:18 profitability Jon stanky the new head of
01:21 Warner entertainment and by the way a
01:22 Bruin grad can't be all bad recently
01:25 addressed his troops at HBO and
01:27 described a future in which HBO would
01:29 increase its subscriber base and their
01:32 viewing hours to pull it off according
01:34 to mr. stanky HBO would have to come up
01:36 with more content and transform from a
01:39 boutique operation to something bigger
01:41 and broader in short become more Netflix
01:44 ish this was a big mistake and will kill
01:47 what is unique and special about HBO to
01:50 move HBO to an Netflix like strategy is
01:53 to walk into the MU say - or say and
01:55 announce we need to scale this makes no
01:58 sense the most efficient way to process
02:00 information binary zeros and ones and
02:02 the entire consumer sector is
02:04 bifurcating there's Amazon at zero
02:06 there's Gucci at one LVMH is at lunch
02:09 hmm is at zero in the mass category
02:12 Mercedes Toyota
02:13 blue and Southwest Airlines and then
02:15 Emirates and Qatar at the top they
02:18 survive and prosper while Delta American
02:21 United and Sears or anyone else in the
02:23 middle gets run over
02:25 we're also bifurcating as a society
02:27 we're turning into a country of three
02:28 hundred and fifty million serfs serving
02:31 three million Lords iPhones only command
02:33 18% of the market but garner 87 percent
02:38 of the profits HBO is iOS garnering not
02:41 only awards but billions in EBIT - every
02:43 year despite spending less on original
02:46 content mr. stanky is taking unnecessary
02:48 even reckless risks with a unique
02:50 process and culture and is in danger of
02:52 killing what is really special about HBO
02:55 HBO and Disney are the only firms over
02:57 the last several decades that have
02:59 managed to create a process and a
03:01 culture for pulling off the impossible
03:03 scaling creativity they attract or
03:06 maintain the not so secret sauce and
03:08 media a list talent HBO should be the
03:11 prize for switching from Verizon to AT&T;
03:13 where the handset messaging and apps can
03:16 molest people's data and pitch marketers
03:18 on there we're number three strategy to
03:21 summarize its Amazon and LVMH southwest
03:24 and Emirates iOS and Android Chipotle
03:28 and Chipotle that's right we're due for
03:32 some near Mexican fare the Big Dawg
03:34 would like to hang out and here's my
03:36 invitation of Romelu Lukaku the english
03:39 striker from Belgium he and I would just
03:42 get along we're in the line he gets a
03:44 burrito bowl I go pulled pork and boom
03:47 they say to him guacamole or cheese on
03:50 your burrito bowl mr. Lukaku and I step
03:52 and I say yes because that's how me and
03:57 Lulu that's what I call him cuz we roll
04:00 that way he calls me Scott this could
04:04 happen we'll see you next week
04:07 [Music]

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