In 1970, Marcus Welby, MD became ABC Television’s first show to top network television ratings. Dr. Welby was a cheerful family practice physician with a soothing bedside manner who was on a first-name basis with his patients. In the toughest cases, Welby focused on his patients’ clinical, social and even spiritual needs. In turn, patients trusted Welby, embraced his care and got better.
In January, 2018, the Chinese government issued new regulations to facilitate the issuing of R visas for overseas talent. In the future, foreign experts including top scientists, international entrepreneurs and other talents whose skills are in urgent demand will be allowed to stay in China for up to 180 days at a time, with multiple entries on a visa valid from 5 to 10 years. Their spouse and children can also apply similar visas.
AI and blockchain are the keys to a banking future which starts in the computing cloud
From open banking to consumer experience to, yes, blockchain, the hardcore of the technologies that make finance and payments run dominated my experience Wednesday at Money20/20 Asia.
I heard presentations on the guts of financial systems and how to make them scale larger at less cost and greater security. I met also with vendors seeking to make payments, lending, and investment with both current and cryptocurrencies. No easy technical tasks.
Money is a near-universal social institution. It evolved to support human cooperation and to control and coordinate the life of humankind. Like other core institutions, such as marriage and language, the forms that money takes may differ widely. The values and norms governing money’s use, and the practices associated with it, also vary widely.
For the individual, money is also a psychological symbol. Money allows each person to enjoy the fruits of others’ work. For many billions of people, obtaining money is the sole purpose of their everyday life.
Quad/Graphics, the American printing company, was founded near Milwaukee, Wisconsin in 1971 by a husband and wife team. Harry and Betty Quadracci saw advantages in a family approach to doing business coupled with a long-term outlook and a willingness to innovate. Today, Quad/Graphics is a $4B company with facilities all over the US and around the world.
The recent removal of term limits for the presidency from the Chinese Constitution represents a further tightening of President Xi JiPing’s grip on power. While he was not up for reelection until 2019, term limits were an obstacle to his grandiose plans for establishing China as a major economic, military and political superpower over the next few years or even decades. While the rise of China as a global power was inevitable, it has been facilitated by the vacuum left by the rapid decline of the U.S. global position under President Trump.
International FinTech startups are looking to the United States as a vast consumer and business market for their applications and services. Despite the difficulties posed by a dual regulatory system, in which multiple federal regulators join agencies in all 50 states, the wealth and size of the market beckons.