Of mice & men: Is Neymar’s price tag of 222 million Euros justified?

DISCLAIMER: The views expressed in this post are solely my personal views. If anyone wishes to challenge them, please do so but in constructive ways. Thank You

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It made headlines in August 2017, Neymar leaves FC Barcelona and joins Paris St.Germain (PSG) for 222 million Euros!

Yes! Euros! 222 Million Euros!

Makes one wonder, No?
Well, it does make me wonder.

Yes, we do know that Nasser Al-Khelaifi owns Paris St.Germain through Oryx Sports Investment and that PSG has known to have purchased players such as Zlatan Ibrahimovic, Edinson Cavani, David Luiz, Marquinhos and Lucas Rabiot as well as Angel, Di Maria, Blaise Matuidi, Marco Veratti, Thiago Motta, Kevin Trapp, Julian Draxler and Yohan Cabaye.

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Ronaldinho? Well, he played there around 15 years ago before he joined FC Barcelona.

Point of discussion here is Neymar’s fee of 222 million Euros.
How is such a price tag justified?

First, lets take a look at the most expensive transfers in the history of football:

Pos. Player Clubs Year Fee
1 Neymar Barcelona – PSG 2017 €222m
=2 Ousmane Dembele Dortmund – Borussia Dortmund 2017 €105m (+€45m)
=2 Paul Pogba Juventus – Manchester United 2016 €105m
4 Gareth Bale Tottenham – Real Madrid 2013 €100.8m
5 Cristiano Ronaldo Manchester United – Real Madrid 2009 €94m
6 Gonzalo Higuain Napoli – Juventus 2016 €90m
7 Neymar Santos – Barcelona 2013 €86.2m
8 Romelu Lukaku Everton – Manchester United 2017 €84.8m
9 Luis Suarez Liverpool – Barcelona 2014 €82.3m
10 James Rodriguez Monaco – Real Madrid 2014 €80m
11 Alvaro Morata Real Madrid – Chelsea 2017 €78.9m
12 Zinedine Zidane Juventus – Real Madrid 2001 €77.5m
13 Kevin De Bruyne Wolfsburg – Manchester City 2015 €75m
14 Angel Di Maria Real Madrid – Manchester United 2014 €74.6m
15 Zlatan Ibrahimovic Inter – Barcelona 2009 €69.5m
16 Raheem Sterling Liverpool – Manchester City 2015 €69.1m
17 Kaka AC Milan – Real Madrid 2009 €65m
18 Edinson Cavani Napoli- PSG 2013 €64.5m
19 David Luiz Chelsea – PSG 2014 €62.5m
20 Angel Di Maria Manchester United – PSG 2015 €61.6m
21 Oscar Chelsea – Shanghai SIPG 2016 €60.3m
22 Luis Figo Barcelona – Real Madrid 2000 €60m
23 Fernando Torres Liverpool – Chelsea 2011 €59m
24 Hulk Zenit – Shanghai SIPG 2016 €58.6m
25 Benjamin Mendy Monaco – Manchester City 2017 €58.2m
26 John Stones Everton – Manchester City 2016 €58m
27 Kyle Walker Tottenham – Manchester City 2017 €56.7m
28 Hernan Crespo Parma – Lazio 2000 €55m
29 Alexandre Lacazette Lyon – Arsenal 2017 €52.4m
30 Gianluigi Buffon Parma – Juventus 2001 €52m
31 Eliaquim Mangala Valencia – Manchester City 2014 €51.7m
=32 Alex Teixeira Shakhtar Dontesk – Jiangsu Suning 2016 €50m
=32 Bernardo Silva Monaco – Manchester City 2017 €50m
34 Anthony Martial Monaco – Manchester United 2015 €49.3m
35 Gylfi Sigurdsson Swansea – Everton 2017 €49.2m
36 Christian Vieri Lazio – Inter 1999 €49m
37 Gaizka Mendieta Valencia – Lazio 2001 €48m
38 Mesut Ozil Real Madrid – Arsenal 2013 €47m
=39 Juan Sebastian Veron Lazio – Manchester United 2001 €46m
=39 Rio Ferdinand Leeds – Manchester United 2002 €46m
=39 Ronaldo Inter – Real Madrid 2002 €46m
=39 Juan Mata Chelsea – Manchester United 2014 €46m
=39 Douglas Costa Bayern Munich – Juventus 2017 €46m
44 Christian Benteke Aston Villa – Liverpool 2015 €45.8m
=45 James Rodriguez Porto – Monaco 2013 €45m
=45 Joao Mario Sporting CP – Inter 2016 €45m
=45 Granit Xhaka Borussia Monchengladbach – Arsenal 2016 €45m
=45 Tiemoue Bakayoko Monaco – Chelsea 2017 €45m
49 Nemanja Matic Chelsea – Manchester United 2017 €44.7m
50 Leroy Sane Schalke – Manchester City 2016 €44m
51 Andriy Shevchenko AC Milan – Chelsea 2006 €43.9m
=52 Robinho Real Madrid – Manchester City 2008 €43m
=52 Radamel Falcao Atletico Madrid – Monaco 2013 €43m
54 Alexis Sanchez Barcelona – Arsenal 2014 €42.5m
=55 Rui Costa Fiorentina – AC Milan 2001 €42m
=55 Javier Pastore Palermo – PSG 2011 €42m
=55 Thiago Silva AC Milan – PSG 2012 €42m
=55 Jackson Martinez Atletico Madrid – Guangzhou Evergrande 2016 €42m
=55 Henrikh Mkhitaryan Borussia Dortmund – Manchester United 2016 €42m
=55 Mohamed Salah Roma – Liverpool 2017 €42m
=55 Leonardo Bonucci Juventus – AC Milan 2017 €42m
=62 Lilian Thuram Parma – Juventus 2001 €41.5m
=62 Corentin Tolisso Lyon – Bayern Munich 2017 €41.5m
64 Andy Carroll Newcastle – Liverpool 2011 €41.3m
=65 Pavel Nedved Lazio – Juventus 2001 €41.2m
=65 Shkodran Mustafi Valencia – Arsenal 2016 €41.2m
=65 Sadio Mane Southampton – Liverpool 2016 €41.2m
=68 Roberto Firmino Hoffenheim – Liverpool 2015 €41m
=69 Marc Overmars Arsenal – Barcelona 2001 €41m
=70 David Villa Valencia – Barcelona 2010 €40m
=70 Paulinho Guangzhou Evergrande – Barcelona 2017 €40m
=70 Sergio Aguero Atletico Madrid – Manchester City 2011 €40m
=70 Radamel Falcao Porto – Atletico Madrid 2011 €40m
=70 Hulk Porto – Zenit 2012 €40m
=70 Axel Witsel Benfica – Zenit 2012 €40m
=70 Javi Martinez Athletic Club – Bayern Munich 2012 €40m
=70 Eden Hazard Lille – Chelsea 2012 €40m
=70 Fernandinho Shakhtar Donetsk – Manchester City 2013 €40m
=70 Ederson Benfica – Manchester City 2017 €40m
=70 Federico Bernardeschi Fiorentina – Juventus 2017 €40m
81 David Luiz PSG – Chelsea 2016 €39.6m
=82 Michy Batshuayi Marseille – Chelsea 2016 €39m
=82 Antonio Rudiger Roma – Chelsea 2017 €39m
84 Didier Drogba Marseille – Chelsea 2004 €38.5m
=85 Michael Essien Lyon – Chelsea 2005 €38m
=85 Fernando Torres Atletico Madrid – Liverpool 2007 €38m
=85 Dimitar Berbatov Tottenham – Manchester United 2008 €38m
=85 Gonzalo Higuain Real Madrid – Napoli 2013 €38m
=85 Diego Costa Atletico Madrid – Chelsea 2014 €38m
=85 Eric Bailly Villarreal – Manchester United 2016 €38m
=85 Mats Hummels Borussia Dortmund – Bayern Munich 2016 €38m
=85 Andre Silva Porto – AC Milan 2017 €38m
=93 David Beckham Manchester United – Real Madrid 2003 €37.5m
=93 Luke Shaw Southampton – Manchester United 2014 €37.5m
95 Jackson Martinez Porto – Atletico Madrid 2015 €37.1m
=96 Filippo Inzaghi Juventus – AC Milan 2001 €37m
=96 Wayne Rooney Everton – Manchester United 2004 €37m
=96 Edin Dzeko Wolfsburg – Manchester City 2010 €37m
=96 Mario Gotze Borussia Dortmund – Bayern Munich 2013 €37m
=96 Arturo Vidal Juventus – Bayern Munich 2015 €37m

I know right! Pretty Expensive!
How much will Neymar earn at Paris St.Germain? 45 Million Euros per season.
Seriously?!

This is what it is. Sadly, the gap between different continents of the world exists. While more people die of drought, hunger, starvation, political lapse and conflict in Asia and Africa, the world of football is dancing and bathing in millions and billions of Dollars!

Manchester United made a big mistake of buying back Paul Pogba from Juventus Turin for 120 Million Dollars, and they received backlash from journalists over the amount of money paid, which should have gone to charity. Furthermore, with footballers earning insane amounts of money, they do pay taxes and pay money in charity and have given back a lot to their community. BUT, there are many whose families have been quite greedy and have never paid attention to anything but their greed. Take Emmanuel Adebayor’s case: He gave his family a mansion in Lome, Togo but when some greedy siblings started phishing money from him through lying, he had to shift his innocent younger siblings to England and France, and by helter skelter means, he either had to give them small businesses, pay for their education or keep them under his care. In short, greed is a killer indeed.

But what about Neymar’s case? FC Barcelona are suing him for a breach of contract. Will the transfer money shut them up?

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NOT JUSTIFIED AT ALL!!

The fee is insane!! It will not only drive the football inflation up! Merit will be dead! Ticket prices will shoot up and since Neymar comes from a 3rd world country, his family cannot live in Brazil peacefully.

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Current state of Neymar’s Brazilian fans

Have a look at Adriano Leite Ribeiro, what happened to him? Greed!

Neymar will no doubt perform well at PSG but he is now a traitor. Leaving FC Barcelona behind for no reason, even if Neymar will earn good, he has to pay taxes and for charity. In short, he can’t have it all because the greedy agents of football players and other intermediaries involved will actually cause the economic balloon of football to inflate til insane heights. Once it pops up, it will cause a meltdown of football clubs. All the big names, Real Madrid, Bayern Munich, Paris St. Germain, Manchester United, Arsenal, Manchester City, Glasgow Rangers, Celtic, Inter Milan, FC Barcelona, AC Milan, Ajax Amsterdam, AS Roma, Lazio, Liverpool, Chelsea, Napoli, CSKA Moscow, Sporting Lisbon, FC Porto, Galatasaray etc. will all face the economic meltdown.

Clubs cannot cover up the additional expenses that come afterwards. If most of that money went into just a transfer, then the agents will definitely be wanting more, tax authorities want more as well and that, intermediaries will charge their fees as well (Banks!).

What does UEFA’s Financial Fair Play regulations say about that? The regulations were made in 2011 as an effort to inhibit spending, stating that a team cannot spend too much more than what it earns, without facing any sanctions.

Paris St. Germain club president and owner Nasser Al Khelaifi believes his club won’t have an issue turning a profit.

“When you consider Neymar as a brand, maybe it won’t seem so expensive. I’m sure we’ll make more money than we’ve paid,” he stated in a press conference when Neymar was unveiled, referring to ticket revenues, championship earnings and new sponsorship opportunities.

Neymar fetched $263 million just to be transferred from one club to another.

His transfer fee in USD$ is 263 million

Like Seriously? can a welfare dependent Frenchman be able to buy front row tickets at Parc Des Princes just to watch Neymar play? Maybe Al Khelaifi forgot economics or is simply abusing his wealth.

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Marc Ganis, co-founder of Sportscorp (a sports business firm), is skeptical about Neymar’s transfer and money associated with it. He believes that it does not make any financial sense. Though, these superstars are outliers regarding their high value, but is their value really worth a value? or is it just an inflated price tag sellers put on to earn huge amounts? Metrics like a player’s performance, statistics, age, business appeal and reputation help collect data points that can really quantify the true price of a player, but since perception matters more than reality, the only measure of worth that counts is what someone is willing to pay, as put by Rory Smith in The New York Times.

 

Smith cited the case of the French midfielder Moussa Sissoko. When he was playing at Newcastle United last season, the club believed he was worth around USD$20 million. When La Liga powerhouse Real Madrid suggested that they were prepared to pay twice that amount, Newcastle increased its valuation and later transferred him to Tottenham Hotspur for close to USD$40 million.

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Another example is that of Anthony Martial. Manchester United agreed a USD$ 46 million deal in 2015 for the former AS Monaco sensation, with options reaching a total of USD$ 75 million. Though he had to prove himself a lot, at the age of 19, he had 15 goals across the last two seasons at Old Trafford. Despite the fair statistics, that amount of money wasn’t justified either, and even former Manchester United coach Louis van Gaal acknowledged the risk and labelled the price tag as “ridiculous” and a “reflection of the crazy world we live in.”

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Neymar’s transfer fee is economically dis-balancing, and sorry to say, the Sheikhs of the G.C.C nations are very unethical. The money they paid could have saved a country, a continent, a million lives and even the world.

 

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I’m not saying I hate the Arab Sheikhs, I am saying that they should spend that kind of money ethically and in much generous ways to help bring equality and equity in the world.

Sorry to say, today’s world of football has become quite unstable. Whatever happens next, billionaire owners investors will take notice and will try bargaining as well. When the time comes for them to spend their own money on players, they will continue to try to determine what counts as a fair price and even if they have to bargain, they will because no one wants to blow money away without any sense.

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Dara Khosrowshahi named new Chief Executive Officer (C.E.O) of Uber

With Uber facing a real mash up between brand image, finances and ethics, its former CEO Travis Kalanick stepped down following differences in his style of management as well as bungling ethics and management policies. Dara Khosrowshahi, 48, has joined Uber as it’s new Chief Executive Officer, and is the sole force driving Expedia from ground zero to the Galaxy.

Khosrowshahi has been CEO of Expedia for 12 years, which is based in Bellevue, Washington & Khosrowshahi himself has spent his tech career as part of the Seattle’s technology arena instead of that of the famed Silicon Valley. Since both regions are powerhouses in the tech industry, there’s also an obvious rivalry existing between them.

But first of all, let’s all see who Dara Khosrowshahi is and where he comes from? =)

Dara Khosrowshahi as a young boy

Dara Khosrowshahi was born on May 28, 1969, in Tehran, Iran to a prominent family that established the Alborz Investment Company, a diversified conglomerate dealing in pharmaceuticals, food, distribution, trading, packaging and services. Iranian Canadian billionaire Hassan Khosrowshahi is his relative. Dara’s family emigrated to the United States in 1978, prior to the Islamic Revolution of Iran which saw most of his family’s assets get illegally seized by the new Iranian government. He eventually settled with his family in Tarrytown, New York and graduated from the Hackley School at the age of 18 with a high school diploma. In 1991, he graduated with a B.A in electrical engineering from Brown University.

Dara Khosrowshahi recalls how he and his family had to emigrate: “Our family escaped Iran on the eve of the Iranian Revolution in 1978, when I was 9. We moved in with my uncle in Tarrytown. For the grown-ups, it was a difficult transition. The kids were able to party together, so it was fun.”

He also recalled about his father going back to Iran to care for his grandfather and returning back after a long time: “My father had to go back to Iran to take care of his father when I was 13 and was detained for six years before returning. My mom was raising three kids without a dad.”

Dara Khosrowshahi on extreme right, visiting London with his cousins in 1973

Dara Khosrowshahi began working as an Analyst at Allen & Company, an Investment bank and he left that in 1998 to work for one of his former clients Barry Diller, first at USA Networks and then at IAC as it’s Chief Financial Officer. It was in 2001 that IAC Travel acquired Expedia & in August 2005, Khosrowshahi was promoted as the CEO of Expedia. It was during his tenure that Expedia grew and expanded presence in more than 60 countries around the globe, Hotels.com, Hotwire online booking brands, and the travel community sites of TripAdvisor Media Network. In 2015, Expedia awarded him USD$ 90 million in stock options as a part of a long term employment agreement, where he stated that he would stay until 2020. Dara Khosrowshahi has had quite an impressive and respectable tenure at Expedia, growing revenues from USD$ 2.1 billion in 2005 to USD$ 8.7 billion in 2016, turning Expedia in one of the biggest online travel agencies in the U.S.A and owning sites like hotels.com, Orbitz, Trivago, HomeAway, Travelocity as well as other sites for vacation rentals, car rentals as well as other travel & vacation related sites as well.

The Economist revealed that during Khosrowshahi’s tenure, the gross value of Expedia’s hotel and travel booking related services multiplied more than 5 times and the pre tax earnings multiplied as well. In 2016, He was one of the highest paid CEO’s in the U.S.A, and is a board member from BET.com, Hotels.com, New York Times Company, Arthur Sulzberger Jr. and other companies as well. He has been praised by the New York Times company for his competitive tech based mindset and for his comprehensive digital & international experience coupled with his financial expertise. He has also been an outspoken critic of President Donald Trump’s anti immigrant policies and rhetoric.

Dara Khosrowshahi & his wife, Sydney Shapiro-Khosrowshahi in Las Vegas

He married Sydney Shapiro in 2012, in Las Vegas and is father to four children with her. In his words: “My wife and I got married on 12/12/12 in Las Vegas, and she was wearing a Slayer T-shirt. That tells you what kind of woman I’m lucky enough to be with. We have four kids.”

In June 2013, Ernst & Young recognized Dara Khosrowshahi as a Pacific Northwest Entrepreneur of the Year award recipient. He is among the U.S State Department’s List of Prominent Iranian Americans.

Dressed as Superhero Flash at an Expedia party, in 2014

Given the controversies, unethical practices and problems Uber is currently mired in, We are hopeful that Dara Khosrowshahi will turn the company around =)

All the best Dara!

 

My views on Fossil is betting big on fashion-focused Android Wear watches in 2018 (via TechCrunch)

Written by Darrell Etherington:

Fossil Group is doubling down on its Android Wear smartwatch investment with a range of new wearables, many of which feature full-round AMOLED displays, which offer perfectly circular touchscreen interfaces without any cutouts like those found on previous generations. Some of the new watches are on display at IFA this year, and will go on sale in time for both fall and holiday shopping season this year.

Fossil says it’s going to add to the brands under its umbrella that offer Android Wear smartwatches in 2018, too, in addition to adding new models to its existing smartwatch brand lineup. At the show, it’ll be displaying its new 2017 designs from Diesel, Emporio Armani, Fossil, Michael Kors and Misfit all offering Android Wear, and more Android Wear and hybrid smartwatches under the Armani Exchange, Chaps, DKNY, kate spade, Marc Jacobs, MICHELE, Relic, Skagen, and Tory Burch will also be made available this coming fall and holiday.

The news that it’s expanding its offerings to cover even more brands next year is a sizeable vote of confidence in a market that has proven quite challenging for traditional tech and gadget companies. Apple seems like the only major player that has managed to gain any significant ground with its smartwatch offerings – without resorting to giveaways or other deep discounts to clear inventory. Embattled Pebble finally gave up the ghost last year, resulting an a fire sale of its assets to Fitbit – which used those resources to produce the ugliest piece of wristwear you can currently get for $300.

The new full-round AMOLED models for 2017 were revealed earlier this year, and offer additional improvements on top of better displays, including slimmer, sleeker cases. This is part of an intentional strategy to market more to female buyers, Fossile says, who have presumably shied away from the bulky smartwatches that marked Fossil’s earliest connected wrist hardware.

By the end of this year alone, Fossil Group will have launched over 300 distinct connected watch styles across 14 brands, the company points out. That’s a bonkers number, but proof that the future of wearables probably won’t belong to tech – but to fashion brands eager not to be shouldered out of the watch market generally, and willing to offer the kind of stylistic variation and range that appeals to fashion conscious consumers.

My view:

Fossil definitely has the upper hand, especially in wristwatches. The company has not only been improving profits but has definitely been improving the product line, market and brand image. Furthermore, with most of its stuff made in America, Fossil is truly an All American brand.

The future of Sydney: Rising societal & economic turmoil in Australia

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The Sydney Opera House & the Sydney Harbor Bridge at Dusk

Times are hard! and I do mean hard!

With reports of a recession looming around, with manufacturing nearing ground zero, tons of immigrants coming in and household debt per household rising sharply, the future of Australia and the future of Sydney in particular is at risk!

Despite the fact that the economy of New South Wales makes 33% of Australia’s GDP, having a population of approximately 7.7 million people, a large and growing domestic market and a highly developed & mature infrastructure, the Australian dollar has almost no value. In short, take it this way: You can get a sizeable McDonald’s meal in the U.S.A for almost USD$ 5 but in Australia, AUD$5 gives you a much smaller meal =(. Secondly, the value of commodity exports from Australia don’t mean much because not only have worldwide commodity prices plummeted to ground zero and basement levels but also, the financial value of commodities does NOT touch that of manufactured goods. SInce Australians have to import everything! virtually everything! high import taxes mess up the Australian wallet =(.

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The Sydney Opera House and Central Business District at night

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Night time view of Sydney’s street

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Bronte Beach in Sydney

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George Street, Sydney

New Year celebrations at Sydney Harbor

 

How far will services exports help sustain the Australian economy? Practically speaking, Manufacturing needs to return back to Australia!
South Australia once proudly boasted the assembly and production lines of Holden (which has now been sold to PSA Peugot-Citroen of France). During the 2008 Global Financial Crisis, thousands of industrial workers in Adelaide got laid off, with half of them training to become healthcare and sanitation workers while others got absorbed in the booming mining sector. From 2009 til 2011, the Australian Dollar was the world’s most expensive dollar, followed by the US Dollar. However, onward from 2012, the Australian Dollar plunged in value, thereby shooting the Australian inflation upwards.

What’s worse is that the Australian manufacturing sector dwindled due to the pro commodity prices of Kevin Rudd and Malcolm Turnbull governments. Tony Abbott has become even worse, winking at a pensioner who had to work as a phone sex worker to make her ends meet! =( I mean, is this the end of Australia as we know it? Asians are collective but given their ‘Anti White’ sentiments and the criminal attitude of the Arab Australians (Lebanese in particular) and Auburn becoming practically a slum, the future of Sydney now lies hanging by a thread. And if this isn’t resolved any sooner then ‘Bye Bye Australia’ is coming.

Tony Abbott’s sister is lesbian, yet he is homophobic. He treats asylum seekers as 5th grade citizens, called Canada ‘Canadia’ and does not believe in climate change. And yet, he has destroyed Australia’s manufacturing sector!

THe entertainment industry is in shambles. Netflix isn’t available in Australia, Good TV shows only air on paid TV (not present in most Australian households) whereas it is aired late on free-to-air TV months after it is aired in the U.S.A. Even if many foreign brands are present, prices for their products are still exorbitant!

Chris Hemsworth, Liam Hemsworth, Phoebe Tonkin, Claire Holt, Jai Courtney and Maia Mitchell have all relocated to the U.S.A. Question is, for how long will Sydney and Australia rely on New Zealanders and Eurasians from Asia?

Sexual assaults are on the rise in campuses of many Australian universities, Sydney in particular. And every one out of five students, mostly female, have endured sexual assaults and abuse on University campuses in Australia, and the Universities themselves cover the incidents up! You don’t believe me?! read the following news article!

Nassem Raad has shown no remorse for destroying dozens of graves at Rookwood cemetery. He has avoided jail and it is evident that Australia’s justice and judiciary are flawed!

How the hell did Nassem Raad, a deranged welfare dependent Arab Australian escape punishment and showed no remorse for destroying children’s graves in a Sydney cemetery? How dare that Arabian son of a bi**h!!!! How dare A**holes like him are allowed to live in Australia, be dependent on social security and are given citizenship of Australia as well!!!! Well, F**k it!! F**k Australia!!! I’d rather move to the U.S.A!!

 

Read the following!!:

http://www.news.com.au/national/nassem-raad-who-vandalised-kids-graves-in-rookwood-cemetary-sydney-avoids-jail/news-story/ba0e0475fa9d12d576113599fa973d54

 

Nassem Raad avoids jail despite showing no remorse over vandalising 70 graves. Picture: Seven News

The Arab Muslim f*** Nassem Raad has avoided jail, ordered to pay just AUD$ 63,450 in damages and denies his acts!! Fucking disgraceful!!

We have had it with the liberal hippies sitting in Canberra!! We Australians have had it!! Our own women are being raped, molested & sexually assaulted on University campuses!! We are continuously wasting our money on gambling!! We have no manufacturing, no decent jobs, no housing and our stupid government keeps on accepting refugees & immigrants who refuse to integrate!!!! Arab Australians are becoming terrorists by following Al Qaeda and ISIS!!!! Lebanese Australians rioted in 2005, and in the year 2000, Lebanese Australians raped innocent White Australian women!! what kind of fucking misogyny is that?! What the fuck is going on in Sydney?!!

Seriously!! Australians!! Stand up and give a fuck for all this!! Stand up and stop this from happening!! #SaveSydney and #SaveAustralia, else its too late!!

My view on Renault-Nissan and Dongfeng partnering to build electric cars for China (Via TechCrunch)

I’ve never liked China that much, regardless of situation.

Written by Darrell Etherington:

Another major automaker is setting up a dedicated joint venture to build EVs for the growing demand in China, joining Ford and Volkswagen: This time, it’s Nissan-Renault, which will work with China’s Dongfeng Motor, an automaker it partnered with last year to open its first factory in China.

Automakers from outside China basically need a local dancing partner in order to make and sell vehicles in the country, without incurring huge import taxes that would basically render their operations unsustainable. Previously, automakers were limited to setting up two joint ventures with Chinese partners to produce cars in-country, but Beijing has allowed the creation of a third joint venture – provided it’s dedicated entirely to EVs.

Renault-Nissan’s new partnership with Dongfeng is called eGT New Energy Automotive Company, and it’ll be split between Nissan with 25 percent ownership, Renault with another 25, and Dongfeng with the remaining 50, according to Reuters. The first vehicle from the JV will be a new electric vehicle based on one of Renault-Nissan’s subcompact crossover SUV platform designs.

Automakers are racing to build out their EV construction and sales capacity in China thanks to strong incentives put in place by the Chinese government for the market. China is also enforcing strict quotas on overall vehicle sales, requiring that a full 8 percent of any automaker sales in the country be either pure electric or plug-in hybrid by 2018, with incremental increases in that percentage every year after that.

This could end up helping with electrification abroad, too, since it’ll help automakers reconfigure their operations to focus on developing EV tech and electric-specific vehicle designs.

My View:

Electric specific sounds futuristic, but let us reflect on the old days, especially the days of our schooling when we were told about CFC’s and their deadly effects on the Ozone layer as well as the carbon footprints from fossil fuels. Carbon footprints will be everywhere, whether we drive a car with fossil fuel, whether we use an LED TV or whether we drive a hybrid Toyota Prius.

Carbon footprints from fossil fuels contain carbon that is beneficial for the earth’s atmosphere and for the ozone layer as well. Carbon footprints from modern devices produce carbon that is not beneficial at all, and in fact can harm the atmosphere in serious ways. Of course, the world is advancing but these advances will render humans unemployed, hungry, desperate and destitute. Should we advance in technology? Let’s keep the new machines as simply drawing board concepts!

People’s Republic of China however, is in need of electric vehicles, given the fact that the level of pollution in the country is way out of bounds and way beyond normal levels. Another problem is that, the Chinese have recently discovered their new found wealth and that will cause a lot of problems. From ugly women rebranding their looks to women remaining single and independent, the mindset of the Chinese is clearly cloudy, murky and damaged. With the Communist Party of China remaining holed up in power, it is likely that China will turn into the world’s largest dump.

Via TechCrunch: Aston Martin’s vehicle lineup will be 100% hybrid by the mid 2020s

Written by Darrell Etherington:

Another automaker is vowing to turn its entire lineup a little more green: Aston Martin told the Financial Times that it’ll offer vehicles exclusively with hybrid and electric cars by the middle of next decade.

It’s not as audacious a goal as it might’ve seemed even just a few years ago; Volvo has committed to selling only hybrid or electric cars by 2019, and Britain and France have both outlined plans to ban the sale of non-electric or hybrid vehicles by 2040.

Aston Martin’s announcement is significant because it’s a high-end luxury performance car maker, however, whose target demographic is precisely motoring enthusiasts. Aston Martin had previously announced plans to launch its first fully electric car, the Rapid-e, by 2019.

Don’t expect news of automakers intending to focus solely on hybrids and electrics to stop anytime soon; the writing is on the wall, now it’s just a question of in what order the dominoes fall.

My View:

Hybrid cars are certainly the future, but I am still quite skeptical about whether Hybrid cars will be easy to repair or not given the fact that advancements in technology are not keeping up with the intellectual, educational and human development of many nations worldwide. Secondly, with many in the United Kingdom reliant on welfare, welfare dependent households are most likely to produce blue collar kids who may not be able to easily fix hybrid cars if they decide to become mechanics. Though the United Arab Emirates and other Gulf Cooperation Council (G.C.C) Economies are becoming advanced, technical, educational, academic and intellectual gaps persist and that too in larger margins.

Hybrid vehicles have a dangerous carbon footprint and traditional fossil fuel based cars were much better. Reason being, the carbon footprint they produce is beneficial for the atmosphere and for the ozone layer. Sadly, liberal politicians are just looking for ways to gain political foothold and embezzle cash at the lives of the common people.

It would be wise for Aston Martin not to go completely hybrid, regardless of circumstances.

 

Read original article: https://techcrunch.com/2017/08/29/aston-martins-vehicle-lineup-will-be-100-hybrid-by-the-mid-2020s/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

How bad is Erdogan for Turkey?

The heading is simple, and sensible. Recep Tayyip Erdogan, or Rotten Tyrant Erdogan as I would like to call him, is a controversial Turkish politician and incumbent President of Turkey, a full blown Islamist, an idiot and a turncoat who has now been blocked by both The Netherlands and Germany for his impractical political views and his so called Islamization of a great country like Turkey is putting Turkey in harm’s way.

France Climate Countdown

Recep Tayyip Erdogan, Turkey’s incumbent president and a rotten cum authoritarian ruler

It is pretty evident that he is NOT the architect of Turkey’s economic miracle, and the Islamist rooted AKP Party, to which Erdogan belongs to, has launched scathing attacks on Turkey’s secular constitution and values, which can compromise the safety and sanity of Turkey.

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A graphical depiction of Erdoganism, a threat to Turkey’s character.

Erdogan rose from Councillor to Prime Minister through a controversial decision of the Turkish Supreme Court which allowed Abdullah Gul to become President. With Turkey reeling from 1.6 million Liras per 1 U.S Dollar, his finance minister Kemal Unatikan (late) took an I.M.F bailout package that helped eliminate 6 zeros from the Turkish Lira meaning 1.6 Lira per U.S Dollar for three years upto 2008. In the year 2010, the Turkish Lira was 1.3 Lira per U.S Dollar, and the conversion of Gecekondus (Slums) into decent Apartment complexes as well as new investments across an array of industries rose his popularity. Due to new found economic wealth, Turks were in the mood for compromising secularism but now its turned worse.

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Erdogan went to maximum lengths to ban social media in Turkey, especially Twitter.

The Turkish people are now divided and the recent coup attempt sparked fears over the loss of power of the Turkish Army. Many analysts accused Erdogan of fooling the Turkish nation using false coup attempts, falsehood and bribing army officers. Last year, 11 terrorist attacks took place in Turkey, a bomb blast at Istanbul’s Ataturk International Airport, A blast in Izmir and two blasts in Ankara perpetrated by the ISIS raised concerns over Turkey’s security. With the army unable to do much in Syria and tensions with Russia, Syria, Iran, The Netherlands and Germany rising where Erdogan was taking out rallies in his favor causing the European Union to ban him, Turkey is now in increased isolation.

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Another Graphical Depiction of Erdoganism. Erdogan must fall

#ErdoganMustFall at all costs. With rising number of terrorist attacks, with the Turkish army being attacked by Erdogan and his Islamist goons (especially incumbent Prime Minister Binali Yildrim, who literally has no clue about his position), Erdogan is increasingly becoming authoritarian and the Turkish people are behaving like sheep. Moreover, the business climate in Turkey has taken an uncertain turn with the Turkish Lira falling against Euro, U.S Dollar, Pound Sterling and Swiss Franc. Moreover, with Turks concerned about personal safety, internet censorship has taken an authoritarian stand as well Thanks to Erdogan, Turkey’s most rotten ruler in its modern day history.

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The failed coup attempt of 2016 was a hoax, a lie and a drama orchestrated by Recep Tayyip Erdogan himself

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May God Almighty save Turkey

Erdogan made matters even worse by shutting down family planning centers, saying it was the order of our Prophet to raise more descendants. Na’uzu billah, this is actually blasphemy and Erdogan himself is a fundamentalist who is actually turning Turkey into an Islamist garbage dump. Moreover, rights of women and children are at stake in Turkey whereas number of tourists visiting Turkey have fallen down and now, more Turks are thinking of leaving rather than returning.

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Erdogan’s increasing lust for power and authority will move Turkey towards oblivion and isolation.

Erdogan must fall, his Islamist ideas are ruining the society and economy of Turkey and furthermore, he is NOT a saint. he is an alleged blasphemer and is not even a proper Muslim. His idea of reconciling Islam and Democracy is resulting in authoritarian power and if he tries to compromise the secular ideology of Turkey then I will shoot him.

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Demonstrators shout anti-government slogans as one of them carry a placard with a picture of Turkey's PM Erdogan during a protest against internet censorship in Istanbul

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I hope the Turkish army rises up and overthrows him. I hope he and the entire AKP party are executed for what they have done to Turkey.

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#DownWithErdogan #ErdoganMustFall #DownWithErdogan #SaveTurkey #ShootErdogan #ErdoganOut #ByeByeErdogan

Via TechCrunch: Uber rival Grab expands its engineering team with new offices in India and Vietnam

Grab, the main rival to Uber in Southeast Asia, is expanding its engineering footprint after announcing new development centers in India and Vietnam.

The company last month announced plans to open an engineering center in Jakarta, Indonesia, so the addition of bases in Bangalore, India and Ho Chi Minh City, Vietnam, will take it to six R&D locations worldwide. The others are Singapore, Grab’s HQ, Beijing and an office in Seattle which was opened last year.

Despite the new office plans, Grab said it will not expand into India. The move is a bid to suck up new talent to fuel its rivalry with Uber in Southeast Asia, a region of over 600 million consumers where the market for on-demand rides is tipped to grow from $2.5 billion in 2015 to $13.1 billion in 2025, according to a report co-authored by Google.

“These two [new] locations are growing in terms of local talent and they understand what it is like to live in these parts of the world,” Grab co-founder Hooi Ling Tan told TechCrunch in an interview. “There are a tonne of parallels between India and Southeast Asia, especially around payments.”

Tan said Grab is looking to hire around 200 staff in Bangalore, where it will focus on developing its payments service, over the next two years. The other two offices will be focused on more local innovation. In Jakarta, Grab wants to hire 150 people while in Vietnam it will initially start with a team of 25.

Grab has a total of 2,000 staff, Tan said, but it plans to add 800 more developers to its six R&D offices. Currently there are around 20 in Seattle, where Grab just moved into a new office to house plans to expand to 60 people. The Beijing office, she added, has 40-50 employees, with the remainder of the rest mostly based in Singapore.

Grab isn’t the first from Southeast Asia to look to India for talent. Go-Jek, its $1.3 billion-valued rival in Indonesia, set up a development office in Bangalore last year via two acquisitions. It has since acquired another startup to grow its engineering chops in India. Uber, meanwhile, has an engineering team in India but it doesn’t have a dedicated team in Southeast Asia. Its Hyderabad-based facility, however, does develop technology for other emerging markets beyond India.

Today, Grab claims 710,000 drivers across 39 cities in six countries in Southeast Asia. It said it has seen 36 million downloads of its mobile apps. There’s precious little data to compare marketshare in Southeast Asia, but anecdotally Uber and Grab seem to be fairly well matched across the region. Indicators suggest that Go-Jek is ahead of both in Indonesia, however. That’s significant because Indonesia is the region’s largest economy and its top ride-sharing market, too, according to the Google report.

Read original article here: https://techcrunch.com/2017/03/14/grab-india-vietnam-offices/?ncid=rss

Why is the Australian Economy heading for a recession

For most of the time, we all thought that Australia is going to be the new economic frontier. However, such is not so as the Australian economy is showing worrisome signs that it is going to face a tailspin which will put it in the direction of both a recession and an economic meltdown. The dependence on services and the removal of manufacturing, coupled with the massive outsourcing which the U.S.A once did in the mid 2000’s is now putting Australia in a precarious position, on which the Australians are in denial and are somewhat defiant that such is not so. Despite the fact that manufacturing has still maintained presence in New South Wales, The shutdowns of the Toyota, Ford and Holden automotive plants as well as Mitsubishi’s plant shutdown in 2008 has hurt the Australian economy far more than anyone can imagine. Also, relying on imports from Thailand, China, India, U.S.A and other nations is definitely going to strain Australia’s finances and also cause political instability in Australia.

The theories and concepts of business process outsourcing and engineering in the U.S.A have been quashed, with thanks to Donald Trump’s protectionist and nationalist policies that have not only rebounded and restored American manufacturing but have also taken suit in Europe as well as Africa and certain Asian nations. India is benefiting from a strong manufacturing base for both domestic and international consumption which has made its economic base stronger. Despite China having billions in its treasury, excessive mining has damaged its landscape and rivers, where carcinogenic metals have leaked into river waters thus producing polluted fish, sinkholes, cancers in villagers and cancers in agricultural produce. Moreover, with dozens of Chinese export goods like vegetables, meat, rice and other things banned and blacklisted by most O.E.C.D nations, China is officially in deep trouble.

When it comes to Thailand, they have benefited from a previously strong base and are benefiting from a rising auto industry that earns billions and even trillions! Mitsubishi, Ford and Toyota were given entries but on the basis of joint ventures, with shared research and development and controlled industrial expansion which will now give Thailand an even improved base for starting its own companies in automotive industry (Vehicles, Parts, Equipment) as well as shipbuilding and other manufacturing sectors, and that too with less pollution. Being environmentally and economically responsible, Thailand has invested in all sectors of the economy, from education and healthcare to tourism. With the Australian Dollar falling, its time for Australia to realize its mistake and fix its struggling economy.

The following graphs will help indicate Australia’s so called economic miracle and how it is tumbling down

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Number of quarters the aforementioned economies endured without a recession since 1991

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Australia’s commodity exports (Mineral and Fuel) as well as prices of Iron Ore and Coal per metric ton

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The Australian Net Disposable Income has risen

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So did the wage rates til some time but the hourly pay has fallen, and is further decreasing to concerning extent

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Taking housing prices as a multiple of Annual Income, Australia has the most expensive housing market in the Anglosphere, the Southern Hemisphere and in the world as well as O.E.C.D nations

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Whats even more concerning is that the Australian household debt levels are rising each passing day, and are not stopping! They are continuously rising which indicate Australia will default on its debt in the future

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Australia is now relying on exporting services to save the balance of payments, which is certainly not possible. For that, Australia must restore manufacturing and export manufactured goods.

The problem lies in the policies of the Australian Government. The ambigious statuses of Rio Tinto mining corporation and BHP Billiton should raise alarms. They label themselves as multinationals, but with 2 headquarters (i.e. Melbourne and London for both) they both should be paying taxes in Australia and the United Kingdom but sadly, they just evaded Australian taxes whilst earning millions and billions off commodity exploration, mining, refining and export of minerals and even petroleum. Even if they are paying taxes in Australia, how come the British economy is ahead of the Australian economy? even after Brexit?

In 1991, Australia emerged from a recession, unemployment peaking at 11.1% and price of Iron Ore languishing at USD$15 per metric ton. John Howard, the leader of the consecutive party becomes Prime Minister in 1996 and decides to privatize state companies and reduce government spending resulting in strong export growth, stable Australian Dollar, good value of earnings coming from exports of both minerals and goods and manufacturing sector receiving good strength and investment. In the year 2001, Billiton plc of the United Kingdom agreed to merge with BHP of Australia, resulting in merger of two of the world’s largest iron ore producers. Two years later, China’s economy grows at an annual rate of 10 percent, giving a golden opportunity for BHP Billiton to earn billions from the export and sale of Iron Ore to China and Chinese businesses & Corporations, thereby making Australia a commodity strongman. 4 years later, in 2007, Kevin Rudd, a former Mandarin speaking diplomat who spent his formative years in poverty apologized to Aborigines and Torres Strait Islanders for the way they were treated and promised closer relations with People’s Republic of China, which then give Australian businesses and corporations, leverages for outsourcing business processes to China and other nations in Asia.

However, a year later, the Global Financial Crisis appears, risking thousands of jobs and businesses, sending commodity prices spiraling downwards and BHP Billiton deciding not to acquire Rio Tinto thus ending BHP Billiton’s 18 month pursuit. Commodity prices rebounded in the year 2009, with Chevron approving the USD$ 37 billion Gorgon offshore natural gas project resulting in the Australian Dollar achieving parity with the U.S Dollar. In 2011, Iron Ore was priced at USD$190 per metric ton, and mining workers earning more than AUD$ 175,000 annually just for digging, excavating, running drills and transporting the ore. Laid off workers from the manufacturing sector eventually found work as miners in Australia’s booming mining sector. The strong value of the Australian Dollar at that time did not place much emphasis on investing in manufacturing, rather mining giants were enjoying billion dollar earnings from export of Iron Ore, Gold and other commodities to China and other industrial powerhouses of that time. However, in 2012, this scene took an unprecedented U-Turn when Fortescue Metals Group announced cost cuts, lay offs, roll over of company funded barbecues as well as reduction in mining operations which spell the end of the mining boom and the start of the devaluation of the Australian Dollar.

2013 was a worrisome year as Holden’s parent company General Motors announced the ceasing of production in Australia within a few years. Conservative Politician Tony Abbott became Prime Minister while Governor of the Australian Central Bank Glenn Stevens warned against relying too much on mining again and called for restoring manufacturing, citing reasons such as an unprecedented massive economic downturn and default. in 2015, the price of Iron Ore fell down to USD$ 37 per metric ton, which then plummets salaries in mining, leading to Liberal politician Malcolm Turnbull ousting Tony Abbott, with Turnbull promising to diversify the Australian economy. in 2016, economic indicators show Australia entering deflation and Malcolm Turnbull surviving the 2016 elections by a narrow margin, leaving his Government in a fragile position.

Apart from that, with Uber threatening to take over the Australian taxi sector, various municipalities planned on giving AUD$ 125,000 per taxi driver as golden handshake term deposits but that was overturned with massive protests from municipal taxi drivers and economists as well as the general public alike, who argued that not only will this further raise debt levels but also leave thousands unemployed. Furthermore, Uber’s cost mechanisms were revealed to be shady and Uber has been banned in many countries across the globe.

Australia is now earning from Higher education, seeing an influx of many foreign students, Tourism; generating millions from Chinese and other western tourists as well as high end defense and biotech manufacturing; which is facing challenges from high wages and low competitiveness. Furthermore, with the Chinese economy falling into recession, Australia looks more likely to fall into recession, political instability becoming visible and the housing bubble is also more likely to blow, sending housing prices even lower than that of the U.S.A, Canada and Hong Kong.

With Holden now taken over by PSA of France and more likely to be produced outside of Australia, coupled with the shutdown of Ford Australia’s and Toyota’s manufacturing plants in the state of Victoria, the Australian is officially in trouble. Though Aircraft parts are being manufactured in South Australia, the Australian economy is in trouble and now it needs to reorganize itself and bring manufacturing back or else, it will go down as among the worst affected economies ever.

Via TechCrunch: Microsoft calls for establishment of a digital Geneva Convention

As the public grows more concerned with state-sponsored hacking, Microsoft is calling on tech companies to form a so-called “Digital Geneva Convention” by promising to protect users from nation-state attacks and vowing to never mount offensive cyber attacks. Microsoft is also pushing governments around the world to establish norms for engagement in digital warfare.

Microsoft president and chief legal officer Brad Smith announced the initiative today at the RSA Conference. “We suddenly find ourselves living in a world where nothing seems off limits to nation-state attacks,” Smith wrote in a blog post accompanying the announcement. “Conflicts between nations are no longer confined to the ground, sea and air, as cyberspace has become a potential new and global battleground.”

Smith pointed to the 2014 Sony hack, attributed to North Korea, and the 2016 election hacks, attributed to Russia, as examples of attacks that occurred without any meaningful international norms. He nodded to the 2015 agreement between the United States and China that banned the cyber-theft of corporate intellectual property, but said that international governments need to do more to establish rules of engagement online.

Smith said the U.S.-China agreement should serve as a model for the U.S. as it responds to Russian hacking, calling it an opportunity for President Trump to “sit across the table” from Russian President Vladimir Putin and address the hacks.

“Just as the United States and China overcame mutual challenges and made important progress in 2015 to ban intellectual property cyber-theft, the United States and Russia can hammer out a future agreement to ban the nation-state hacking of all the civilian aspects of our economic and political infrastructures,” Smith said.

Smith said the technology industry needs a treaty similar to the Geneva Convention to protect civilians from harm as governments begin to fight their wars online. This process has been underway in the United Nations and the U.S. government, but it’s unclear how U.S. efforts will progress under the new presidential administration.

If government’s don’t take action, Smith said, companies need to make sure they are protecting users. Although he framed the rise of nation state attacks as an opportunity for a U.S. president to create norms, Smith didn’t mention Trump by name and condemned the kind of nationalism that was a driving force during his campaign.

“In age of nationalism, we need to be a trusted and neutral digital Switzerland,” Smith told the RSA audience. “We need to make clear that there are certain principles for which we stand. We will assist and protect customers everywhere — that is what we do. We will not aid in attacking customers anywhere, regardless of what government asks us to do so.”

Smith said the industry has the opportunity to come together and push for digital attack norms, as the industry united in support of Apple during its encryption case and and in support of immigration under Trump’s recent executive order. Smith said the stories of immigrant founders and employees in Silicon Valley should serve as inspiration for designing rules for digital engagement. “As we think about addressing nation state attacks, that is a powerful force that should inspire us and upon which we can build,” Smith said of immigration.

“The tech sector plays a unique role as the internet’s first responders, and we therefore should commit ourselves to collective action that will make the internet a safer place,” Smith wrote. “Just as the Fourth Geneva Convention recognized that the protection of civilians required the active involvement of the Red Cross, protection against nation-state cyberattacks requires the active assistance of technology companies.”

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FEATURED IMAGE: JASON REDMOND/AFP/GETTY IMAGES

Original link: https://techcrunch.com/2017/02/14/microsoft-calls-for-establishment-of-a-digital-geneva-convention/?ncid=rss