Former ABC head of news and innovation Gaven Morris (Image: ABC / Archi Banal) Gaven Morris led the ABC from linear supremacy to a digital powerhouse. He tells Duncan Greive how he did it – and the lessons it contains for our public media in the wake of the abandoned merger. “I think one of the challenges with what was attempted with the public media project in New Zealand was that I’m not sure that in the beginning, there was enough strategic thought given to what the outcomes are going to be,” says Gaven Morris, joining me on The Fold podcast from his Sydney offices. That’s not a particularly controversial statement, especially now, with the merger of TVNZ and RNZ abandoned. But it’s worth paying close attention to what Morris says, both because of the emphasis on outcomes – what we, the paying public, would actually get – and because of Morris’ history. He might be the person in this region most qualified to speak on the challenges and opportunities for public media in the digital era, having led news for state broadcaster the ABC from 2015 until 2022. He joined the organisation in the late 2000s, after having […]
I-Bonds: Long-Term Buying Opportunity Coming
jetcityimage/iStock via Getty Images The fixed rate offered for new issuance of Series I Saving Bonds by the U.S. Treasury is set to be adjusted again in May. This begs the question for investors, should I buy I bonds before the adjustment or after? The answer depends on the investment goal. Actually, it depends on whether the goal is investment or savings . As a refresher, savings and investment are not the same thing. Savings is the liquid part of the household balance sheet that is necessary to meet immediate and emergency expenses. The purpose of savings is to preserve purchasing power at low or no risk. As opposed to savings, investment is the working capital of the household balance sheet. Investments accept a higher exposure to risk in order to achieve real rates of return. In essence, investments build wealth and savings preserve it. The U.S. Treasury Series I Savings Bond can be used as savings or investment, depending on several factors. The most important of which is inflation and interest rates. For a recap of how they work, please see my previous articles on I-bonds here and here . Given rates and inflation today, I’m favoring the […]
Outdoor recreation provides tourism growth opportunity in Arkansas
Katherine Andrews, director of the state’s Office of Outdoor Recreation, pictured during a fishing trip in Stuttgart. From hunting and fishing to mountain biking, hiking, boating and camping, Arkansas is lauded for its abundant outdoor recreation opportunities. The state’s scenic rivers, lakes, forests, mountains, caves, creeks, roadways, airstrips and trails offer limitless opportunities. They also boost the state’s prospects for job creation and economic growth. According to the most recent data published this past November by the U.S. Bureau of Economic Analysis (BEA), Arkansas’ outdoor recreation economy grew 23% from 2020 to 2021. That is the largest recorded measure for Arkansas since the BEA started calculating the size of the outdoor recreation economy in 2012. The report showed that outdoor recreation accounts for 2.4% ($3.5 billion) of Arkansas’ Gross Domestic Product (GDP) and includes about 40,000 jobs. Katherine Andrews says capitalizing on the growth trend is essential to ensure Arkansas continues to be a tourism destination for outdoor recreation and a core driver for economic growth. “It’s inherent to our DNA,” she said. “Outdoor recreation and tourism are one and the same.” Andrews is entering her second full year as the Office of Outdoor Recreation director in the state’s […]
A mysterious fleet is helping Russia ship oil around the world. And it’s growing
London CNN — Russian oil is still finding its way to buyers around the world . But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As Western sanctions against Russia have escalated over its invasion of Ukraine, more ships have joined an existing fleet of mysterious tankers, ready to facilitate Russia’s oil exports. Industry insiders estimate the size of that “shadow” fleet at roughly 600 vessels, or about 10% of the global number of large tankers. And numbers continue to climb. Who owns and operates many of these ships remains a puzzle. As trading Russian oil became more complex over the past year, many Western shippers withdrew their services. New, obscure players swooped in, with shell companies in Dubai or Hong Kong involved in some cases. Some bought boats from Europeans, while others tapped old, creaking ships that might have otherwise ended up in the scrapyard. “You’ve gone deeper into the dark arts,” a senior executive at an oil trading firm told CNN, referring to this opaque network. The under-the-radar fleet has increased in importance as Moscow tries to avoid working with Western shippers, and as customers […]
Capitalize on the $900 billion AI boom by buying these 20 top stock picks, according to Bank of America
Artificial intelligence could be close to a trillion-dollar business globally in the next decade. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Artificial intelligence (AI) has gone mainstream after the debut of viral chatbot ChatGPT. Bank of America estimates that AI will be worth $900 billion globally by 2026. Here are the 20 best stocks to buy for exposure to AI, according to Bank of America. Artificial intelligence (AI) has rapidly emerged as one of the most transformative technologies of our time. From chatbots and self-driving cars to predictive analytics and fraud detection, AI has already begun to revolutionize the business world. As more and more companies seek to harness the power of AI to improve their operations, increase efficiency, and gain a competitive edge, the technology is poised to become a critical driver of business success in the years ahead. The previous two paragraphs were written by ChatGPT, a buzzy AI chatbot from OpenAI that’s taken social media by storm. It’s also caused a wave of frenzied investment for stocks tied to the budding technology, leading some analysts to conclude that AI’s recent rapid growth is only just beginning . Bank […]
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China has a ‘stunning lead’ over the US in the research of 37 out of 44 critical and emerging technologies, new study finds
China has a ‘stunning lead’ over the US in the research of 37 out of 44 of critical and emerging technologies, new study finds. China leads the US in the research of 37 out of 44 key technologies tracked by an Australian think tank. These critical and emerging technologies span a range of sectors including defense, space, and energy. China’s research lead in these sectors could have implications for democratic nations. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . China has a "stunning lead" ahead of the US in high-impact research across critical and emerging technologies, according to Canberra-based independent think tank Australian Strategic Policy Institute, or ASPI . The world’s second-largest economy is leading the US in researching 37 out of 44 critical and emerging technologies across the defense, space, energy, and biotechnology sectors — including research of […]
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Here’s what AAPI business owners in SF need following VP Kamala Harris roundtable discussion
SAN FRANCISCO (KGO) — Vice President Kamala Harris held a special round table discussion specifically for Asian American business owners in San Francisco during her visit on Friday. A group of nine owners met up in SF Chinatown today. One of them was the owner of the Golden Gate Fortune Cookie Factory. Owner Kevin Chan says it takes long hours and a lot hard work to run his 60-year-old business. Inside the Golden Gate Fortune Cookie Factory you’ll see a lot of history and a lot of handcrafted sweet treats. "Fortune cookies are an American product, a San Francisco invention," said Chan. "We have to fold each cookie by hand." To save on labor costs, his mother often helps out at Chan’s family-run business. EXCLUSIVE: VP Kamala Harris on AAPI businesses, first 2 years in office and 2024 election EMBED <> More Videos <div><iframe width="476" height="267" src="https://abc7news.com/video/embed/?pid=12913765" frameborder="0" allowfullscreen></iframe></div> In an exclusive interview, Vice President Kamala Harris discusses Asian-owned businesses, her past two years in office and the 2024 election. The COVID emergency may be over in California, but Chan’s business and many others in San Francisco’s Chinatown are still hurting. MORE: Evictions, sick pay, food stamps: Here’s what […]
Business Buzz: ‘Shark Tank’ star Kevin O’ Leary makes first Wonder Fund ND investment, and more business news
From left, Gov. Doug Burgum; Mandan, Hidatsa and Arikara Nation Chairman Mark Fox; and entrepreneur Kevin O’Leary, star of the reality show "Shark Tank," speak at a news conference in Fargo in June 2022 about Bitzero’s North Dakota plans. FARGO — Wonder Fund North Dakota has chosen tech start-up LandTrust for its first investment. Wonder Fund North Dakota is a North Dakota Development Fund investment program directed by "Sharktank" entrepreneur Kevin O’Leary and O’Leary Ventures. LandTrust is an online land sharing marketplace connecting landowners with outdoor enthusiasts, creating income for the landowners and allowing access to private lands for recreational experiences. According to a press release, the investment is expected to drive economic development in rural communities throughout the state by creating new jobs and new income streams for North Dakota farmers and ranchers. Similar to other companies in the sharing economy, such as home sharing sites like Airbnb and VRBO, LandTrust is a land sharing site where landowners can earn income by hosting a full range of outdoor recreational experiences on their land including hunting, fishing, bird watching, RVing, and more. Landowners currently list over 1 million acres on LandTrust which can be searched by state, property name, […]
Saudi non-oil business activity surges in February on strong demand-PMI
Clouds move over the Riyadh skyline November 17, 2013. Picture taken November 17, 2013. REUTERS/Faisal Al Nasser DUBAI, March 5 (Reuters) – Saudi Arabia’s non-oil business sector activity soared to its highest level in eight years in February, a survey showed on Sunday, based on a strong increase in demand and an optimistic economic outlook. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index jumped to 59.8 in February, from 58.2 the previous month, the fastest rate of increase since March 2015. A substantial rise in new orders indicated improved economic conditions for businesses. The New Orders sub-index rose to 68.7 last month – the highest reading in more than eight years – from 65.3 in January, continuing a recent trend upwards on strong demand momentum. Register for free to Reuters and know the full story Advertisement · Scroll to continue As a result the Output sub-index also recorded a strong increase, at 65.6 in February from 63.6 in the previous month, leading to further expansion in employment and purchasing. "Despite tighter monetary conditions, demand and supply balance seemed robust and spurred by the ongoing projects around the Kingdom, causing sharper uplifts in output and new orders for […]
Wells REV hosts tech-savvy business class
The Meatery’s Colette Drager shares her e-commerce wisdom Colette Drager shares the story of how The Meatery got its start as an e-commerce business. Colette Drager shares the story of how The Meatery got its start as an e-commerce business. The act of trading of goods and services on the internet – known as e-commerce – continues to grow in the United States and worldwide as businesses search for ways to reach more consumers. With many people looking for advice on how to make an e-commerce business work, Wells REV (Rural Entrepreneurial Venture) hosted a class on the subject led by Colette Drager of The Meatery, Wes Otto of Otto Media Group and Bryan Hoffman of Hoffman Consulting. The event was held on Tuesday evening, Feb. 28, at the Wells Community Center. “Our call to action was the pandemic,” Drager stated. “We decided to take our business and sell on the internet.” What the Dragers did with The Meatery was form partnerships with producers and small meat markets from across the state of Minnesota to make an online platform which is a one-stop shop for consumers to be able to get a wide variety of quality meats delivered right […]
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