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Mon, 01 Aug 2022 11:10:00 -0500 en-US text/html https://www.businessinsider.com/oracle-top-exec-leaves-stripe-oci-cloud-reorg-2022-8
Killexams : Insiders describe 'complete chaos' at Oracle following layoffs and restructuring

Take a deep breath. It's Friday. I'm Jordan Parker Erb, and today I'm taking you inside the "complete chaos" at Oracle as layoffs and restructuring roil the database giant.

By the way, apologies for the slight delay this morning — we had a technical issue. (Fitting for a tech newsletter!)

Let's get to it.

If this was forwarded to you, sign up here. get Insider's app here.

Larry Ellison, Oracle cofounder, speaks onstage in front of background of red circles

Kim Kulish/Getty Images

1. Oracle insiders describe "complete chaos" from layoffs and restructuring. Earlier this week, Oracle began a sizable layoff, potentially impacting thousands of employees — and those who haven't yet been laid off are scrambling to figure out whether they'll be next.

  • The hardest-hit units, current and former employees said, were in the marketing and customer experience divisions. Some marketing teams have seen their headcount slashed by anywhere from 30% to 50%.

  • In some cases, they said, managers were given the choice of who would get cut, while others had no say in how the layoffs would affect their teams.

  • The Advertising and Customer Experience team was said to have been cut, too. "The common verb to describe ACX is that they were obliterated," one employee said.

  • This leaked org chart shows Oracle's cloud leaders after the company's major organizational changes.

A look inside Oracle over the past week.

In other news:

Lina Khan speaks with hand up

FTC chair Lina KhanGraeme Jennings/Pool via REUTERS

2. The Federal Trade Commission is deepening its investigation into Amazon's Prime sign-up and cancellation process. The FTC sent out subpoenas and other demands for information after Insider reporting. Here's our scoop on what's going on.

3. Axed "Robinhoodies" say they were tipped off to layoffs weeks ago. Former Robinhood employees said they saw signs of belt-tightening — including plans to shrink office space — long before the company laid off 23% of its staff. Five former employees took us behind the scenes.

4. Elon Musk's countersuit against Twitter says the company is operating a "scheme" to mislead investors. Musk argued that he is entitled to drop the deal entirely — and Twitter pushed back, saying the billionaire's story is "implausible." Get the big takeaways.

5. Nike is offering $5,000 employee bonuses for some tech job referrals. Grappling with internal turmoil and a wave of exits, the company announced the new referral program, which has been met with mixed reviews from employees. Here's what we know.

6. Fifteen current and former Apple female employees say the company dismissed claims of misconduct. After the Financial Times reported the HR unit retaliated against some of them after speaking up about the incidents, Apple vowed to "make changes." What we know so far.

7. Startup founders' mental health is crumbling. Dried-up funding and the stress of a turbulent economic year has piled stress on founders who are already trying to do the impossible: build iconic tech companies. Why some founders "are especially not OK."

8. Elon Musk denied that he's planning to build his own private airport in Texas. Local news site Austonia reported last week that an airport could help grow his companies in the region, but Musk said that's "not true" and it "would be silly." Get the full rundown here.

Odds and ends:

Mark Zuckerberg wearing sunglasses

Alex Kantrowitz

9. Mark Zuckerberg is minting an NFT of his Little League baseball card. In a post announcing Instagram's expanded support for NFTs, Zuckerberg shared his own "soon-to-be NFT." See the potential digital collectible of a young Zuck.

10. We broke down how to unsend text messages using iOS 16. iPhone users with iOS 16 will have 15 minutes to unsend a text — and delete it from the recipient's phone. How it works and how to do it.

The latest people moves in tech:

Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) 

Read the original article on Business Insider

Thu, 04 Aug 2022 22:58:00 -0500 en-US text/html https://www.yahoo.com/now/insiders-describe-complete-chaos-oracle-105842621.html
Killexams : Liquid Cloud Unveils Access to Oracle Cloud via FastConnect

Liquid Cloud, a business of Cassava Technologies, a pan-African technology group, announced it will offer connectivity to Oracle Cloud through Oracle Cloud Infrastructure (OCI) FastConnect in South Africa within the Oracle Cloud Johannesburg Region. 

The collaboration with Oracle will allow Liquid Cloud customers to access Oracle Cloud through FastConnect using Liquid’s  extensive fibre network.

In addition to organisations using FastConnect via Liquid CloudConnect as a service, it will also be available at existing Africa Data Centre (ADC) facilities across the continent for Liquid Cloud’s co-located customers. This service will connect an organisation's on-prem applications and their Oracle Cloud Fusion Applications, providing an enhanced user experience. With FastConnect via Liquid CloudConnect, businesses can move large volumes of data in a secure, cost-effective, and efficient manner.

Liquid will help its customers achieve simplicity, enterprise-class security and seamless operations, be it on-prem or co-located through the ADC facilities across the continent.

With OCI, customers benefit from best-in-class security, consistent high performance, simple predictable pricing, and the tools and expertise needed to bring enterprise workloads to cloud quickly and efficiently.

Specifically architected to meet the needs of the enterprise, Oracle Cloud is a next-generation cloud that delivers powerful compute and networking performance and a comprehensive portfolio of infrastructure and platform cloud services from application development and business analytics to data management, integration, security, artificial intelligence (AI), and blockchain. With unique architecture and capabilities, Oracle Cloud delivers unmatched security, performance, and cost savings. Oracle Cloud is the only cloud built to run Oracle Autonomous Database, the industry's first and only self-driving database.

Liquid Cloud's global client base will be able to harness the power of Oracle Cloud locally. Providing their operations with higher-bandwidth options and offering more stable and consistent networking experiences than internet-based connections, thus enhancing their growth.

David Behr, CEO of Liquid Cloud and Cyber Security
Businesses in Africa have been digitally transforming their operations, and their expectations include a seamless experience irrespective of where applications and infrastructure operates. With Oracle FastConnect, Liquid will help its customers achieve simplicity, enterprise-class security and seamless operations, be it on-prem or co-located through the ADC facilities across the continent.

Wed, 27 Jul 2022 13:40:00 -0500 en text/html https://www.thefastmode.com/technology-solutions/26518-liquid-cloud-unveils-access-to-oracle-cloud-via-fastconnect
Killexams : InfStones and Oracle Collaborate on Web3 Development

InfStones and Oracle are collaborating on integrating InfStones’ blockchain development platform with Oracle Cloud Infrastructure (OCI) to accelerate Web3 development.

This collaboration will help deliver important insights that drive the evolution, development, and adoption of Web3 applications worldwide, according to the vendors. 

“Our goal at InfStones is to reduce barriers to entry for new companies looking to incorporate blockchain technology into their stack,” said Dr. Zhen Wu Shi, CEO, InfStones. “Partnering with Oracle Cloud Infrastructure offers enterprise customers a robust cloud infrastructure across OCI’s multiple regions worldwide. We were also extremely impressed with the dedicated technical support provided by the OCI team and their support for our growth strategy.”

InfStones endorses a global multi-cloud strategy to serve the needs of its rapidly growing portfolio of Enterprise customers. The new combination of InfStones platforms running on OCI delivers on the price performance, scalability, and security needs of enterprise customers and provides additional options for customers building and developing next-generation blockchain applications.

Oracle will work with InfStones to bring their enterprise blockchain customers to more verticals and builders across the Web3 development ecosystem.

“The power of the InfStones platform and Oracle’s next-generation cloud infrastructure provides our joint customers with an extremely performant, reliable, and secure platform for developing decentralized Web3 applications,” said Chris Gandolfo, senior vice president of cloud venture, Oracle. “Working with cutting-edge leaders in blockchain infrastructure like InfStones allows us to provide a robust solution for our enterprise customers as they increasingly look to Web3 development to solve the next generation of IT problems.”

For more information about this collaboration, visit www.infstones.com.


Wed, 03 Aug 2022 01:01:00 -0500 en text/html https://www.dbta.com/Editorial/News-Flashes/InfStones-and-Oracle-Collaborate-on-Web3-Development-154215.aspx
Killexams : The New SAP Store for Mobile Apps: Yep, It's Kind of a Big Deal.

They say you can't teach old dogs new tricks. So what about Big Dogs?

For the first 35-odd years of its existence, SAP only marketed and sold its own software. We weren't a platform vendor like Microsoft (Windows), Google (Android) or Apple (Mac OS X, iOS). So we didn't need to woo, support or sell other developers' applications.

It was a self-centered strategy that was borne out of a need to serve the many customers clamoring for our applications, as well as fend off our many rivals - IBM, Oracle, Microsoft and others.

You know how the story turned out: SAP grew to become the market leader (by revenue) in ERP, CRM, and business intelligence/analytics software. The Big Dog, in other words.

But as the enterprise market matured, it posed major challenges to SAP. Rather than rolling over and playing dead, we learned some new tricks.

One of those was launching the SAP Ecohub, an online marketplace for partner software and solutions, in 2008.

As independent analyst Dennis Howlett put it at the time: "EcoHub is a step in a fresh direction for SAP which has been perceived as a company that doesn’t sell products that are ‘not made here.’"

Three years later, SAP offers more than 1,000 partner-built applications via the EcoHub and other channels.

Even bigger than EcoHub was SAP's $5.8 billion purchase of Sybase. Though also falling in the general category of enterprise software, Sybase has always been more of middleware and platform company than applications vendor ala SAP. It's always cultivated developers and partners to build applications that connect to its ASE database or run on top of the Sybase Unwired Platform (SUP).

With these two moves, the next was a no-brainer: releasing our own Enterprise App Store. Called the SAP Store for Mobile Apps, it opened up stealthily on Halloween with more than 50 SAP and SUP-certified apps from partners today, ranging from sales to productivity to human capital management (HCM) running on iOS, BlackBerry and other platforms.

Debuting at the SAPPHIRE NOW + TechEd conference in Madrid this week, the Store is a key part of our strategy to build up an SAP-centric mobile ecosystem.

Even as SAP rushes to release more and more apps that connect with our applications, our goal is to have 80% of all mobile apps be built by partners.

So far, we're not doing too bad. For SAPPHIRE NOW, 20 partners submitted 200 apps to be shown on the show floor. 100 were chosen (check them out at the SAP Partner Mobile App Catalog).

Why are developers starting to come to the SAP Store for Mobile Apps and otherwise build for SAP? I asked Usman Sheikh, the vice-president at EcoHub in charge of the new enterprise app store. He answered my questions and, helpfully, shared these slides.

As I discussed in my blog, 'How Many Kinds of Enterprise App Stores are There Today?', vendors are starting to deploy their own enterprise app stores, in order to provide a blend of the features in consumer-oriented app stores (easy browsing, instant purchase and download) and the kind of features required by enterprise users: flexible payments (credit card or corporate invoice), company discounts, the ability to check if your device or OS version is compatible with the app, as well as certification (by SAP) that apps will work with back-end systems, confirmed Sheikh.

Other features include pre-sales support for potential customers. These include a 1-800 number and chat and e-mail to reach SAP reps as well as the original partner developer. This supports the higher-touch model preferred by customers forking over not $1.99 per app, but potentially hundreds of dollars or more.

To accommodate line-of-business users who prefer to quickly get the app running in order to kick the tires themselves, SAP is offering its app store as an iOS app. See the screenshot below.

Longer-term, the SAP Store for Mobile Apps will be tightly integrated with the Sybase Afaria mobile device management software. Within weeks, users should be able to launch the SAP Store from within Afaria, said Sheikh. Afaria will also eventually be able to communicate with the Store so that only apps consistent with an employee's role in a company are displayed, as well as help configure and install new apps. That integration will continue to grow. "Afaria will be the preferred MDM solution," he said.

The Store not only supports apps built on Sybase's SUP app development platform, but also apps built using other technologies such as the cloud-based Business ByDesign or SAP NetWeaver Gateway, Sheikh said. See the chart below.

And what about the all-important financial terms? Developers will get an 85% share of all app license and subscription revenue garnered through the Store, said Sheikh. In other words, SAP is taking 15% - just half of Apple's 30% take for its App Store. Developers are not bound by exclusivity agreements, said Sheikh.

Sheikh said SAP will "respect" developers who wish to offer their apps on a freemium basis - i.e. free versions that can be converted later into paid via in-app purchases - but expects to receive their 15% cut of those subsequent in-app purchases.

As mentioned, apps must be certified by SAP before they can be sold on the Mobile Apps Store. That is free for the rest of the year.

How about for 2012? "It will be reasonable and competitive," Sheikh said.

For now, the SAP Store for Mobile Apps will be focused on apps that either run on SUP middleware or explicitly hook into SAP server applications. But Sheikh anticipates the Store eventually growing to support more general productivity and business apps, provided they are relevant to SAP users.

Granted, the Store remains in beta today. Many of the features mentioned above, such as credit card purchasing and the ability to selectively offer apps to users based on their job role, won't be ready til first or second quarter next year.

Even still, can you name another vendor-operated enterprise app store that is more advanced than SAP's? If so, please share with me and other readers. For now, I think SAP Store is further proof that big dogs can learn new tricks.

Tue, 01 May 2018 07:01:00 -0500 en text/html https://www.zdnet.com/paid-content/article/the-new-sap-store-for-mobile-apps-yep-its-kind-of-a-big-deal/
Killexams : What is our Real Economic and Financial Prognosis?

How to Protect your Wealth by Investing in AI Tech Stocks

Economics / Economic Theory Aug 04, 2022 - 04:56 PM GMT

By: Raymond_Matison

Economics

According to Webster’s dictionary, the definition of prognosis is a forecast, or a prediction of a probable course of a disease in an individual, and the chances of recovery.  In this article, we apply this definition of prognosis to our inanimate, yet seemingly “living and breathing” economy, and project its chances of recovery.

The world is filled with intelligent and highly experienced economists, and thousands of financial market observers who can supply us a lucid and convincing interpretation of our economy and health of our financial markets.  As a result, you can find widely recognized professionals who will diagnose and predict the direction of our economy and financial health as to support our own personally biased view of reality – regardless of what that may be.  But independent of our own personally preferred views, what is the most probable reality we are likely to experience?  What is the real economic and financial prognosis? 

Government agencies and media are increasingly filled with unjustifiably adjusted and manipulated economic data, directed and misdirected propaganda, and outright lies, such that it is nearly impossible to judge the real strength or direction of the economy and the health of our financial markets.  Since small and developing nations are quickly learning these “tricks of the trade”, international media and government agencies are universally now also dispensing politically favorable rhetoric rather than truth.  So what measures can we review to accurately evaluate the health of our economy?

Four measures of economic and financial health

The Gross Domestic Product, which is popularly used to portray the strength of an economy, grew by a blistering and almost unbelievable 6.7% growth rate in the 1980-2000 year period.  This growth rate of GDP for the 2000-2020 period declined to a still very respectable 3.9%.  However, the nation’s GDP actually declined in the first quarter of 2022 by 1.4%.  In addition, the Atlanta FED recently projected through its GDPNow economic model that the second quarter for U.S. GDP growth would also be negative.  Just taking these four data points, what do the two twenty-year GDP growth trends, and the current negative growth expectations for two consecutive quarters in GDP imply for America?   Remember that the official definition of an economic recession is two quarters of negative GDP growth.  Considering this, what is the economic and financial prognosis?

The nation’s national debt, a measure used to determine financial solidity of a nation, according to the data collected by the St. Louis Fed had grown by a destructive and economically unacceptable 9.5% over the 1980-2000 period.  This growth rate has remained stubbornly high with an 8.3% growth rate in the 2000-2020 period.  More recently, the national debt growth rate has surged to a 14.2% rate over the 2019-2021 period.  Our economy’s national debt level first crossed $10 trillion in 2008; but by year-end 2021 it had almost tripled, and stood at $29.6 trillion – an incredibly destructive rise in such a short time period.  Six months later this debt had further expanded to $30.6 trillion.  Our national, corporate, and consumer debt is at an all-time high, each of which is destructive to a healthy economy. Since future budget deficits are essentially guaranteed, this debt will continue to grow! 

As current intentions of the FED are to increase interest rates in order to combat inflation, it concurrently will raise the cost of servicing debt – and further budget deficits increases are indicated, which will create an unvirtuous cycle of increased debt.  In addition, raising domestic interest rates strengthens the dollar, creating considerable financial stress for developing countries which have borrowed in dollars, potentially creating an avalanche of foreign debt default, which because of our interconnected world will cause a default tsunami to engulf every shore.  Taking just these national debt statistics into consideration, what is the economic and financial prognosis? 

The money stock of the nation, a measure of fiat currency creation as measured by M-2 and collected by the St. Louis Fed has grown by 5.8% over the 1980-2000 year period. The growth rate in M-2 money growth rocketed to a 7.0% rate over the 2000-2020 period.  However, in the 2019-2021 period that growth exploded to 18.4%.  Classical economics dictates that increasing the rate of the money supply increases the cost of goods – with a timing lag.  Foreign countries, in order to protect themselves from exported inflation from the U.S., have printed additional amounts of their own currencies as a monetary defense mechanism - essentially creating a global debt baloon.  Just taking into account the expanding growth rate of the M-2 money stock of the nation over this period, what is the economic and financial prognosis?

Inflation is the printing of fiat currency. The effect of inflation, or the consequence of printing currency beyond the increase in production of goods, is that it raises consumer prices.  Such prices are generally monitored following the Consumer Price Index (CPI).  Over the 1980-2000 year period the CPI has grown at a 3.8% rate.  This rate reflects the very high inflation of the late 1970’s, which from the early 1980’s started to decrease from FED mandated historically high interest rates which created a protracted recession in the economy.   In the 2000-2020 period that inflation had abated to a more moderate rate of 2.1%.  The cost of living had started to rise again in the 2019-2021 period by 2.8%, quickly reflecting the accelerated debt and currency issuance.  However, accurate cost inflation in 2022 has risen above 8%, as “real inflation rate” by credible analysts has been estimated to be roughly two times higher.  The Federal Reserve’s Chairman Jay Powell has expressed the hope that the FED might be able to bring down inflation without tanking the economy, but he states that recession is “certainly a possibility”.   A few days later he states more ominously, that there is “no guaranty for a soft landing of the US economy”.

The emergence of cost inflation as measured by the rise in CPI, versus “real inflation” arises from the CPI calculation having been modified in the 1980’s as an attempt by government agencies to reduce the official rate of inflation in order to reduce an increase in Social Security payments tied to a cost of living adjustment to these benefits.  Therefore, the CPI indictor for cost inflation has been manipulated for decades, and substantially understates the real inflation being experienced by consumers.  The most accurate measure for cost inflation, just released came in at a 40-year record 9.1%.  Given the preceding explanation of the “real cost inflation rate” we can assume that even this record high 9.1% rate is phony, and understates real cost inflation.  

The International Monetary Fund (IMF) directors have warned that “a broad-based surge in inflation, (are) posing systemic risks to both the United States and the global economy”.  The FED’s raising of interest rates has made the dollar temporarily strong relative to other national currencies.  In the absence of a stronger dollar, the measured inflation rate in an environment of a weaker dollar would have surged cost inflation substantially higher.  The fact that producer price index has risen faster than the CPI suggests that higher retail prices are coming in the near future.

The FED is now suggesting a raising of interest rates at their next meeting by 0.75%.  That would accelerate the negative effects of a stronger dollar globally, speeding forward the economic storm from more expensive dollars, defaulting foreign dollar debt and reducing American exports, and making the sale of Treasury bonds to international buyers prohibitively high thereby limiting the success of Treasury auctions.  And interest costs of servicing our nation’s would rise dramatically, so raising interest rates is no longer really a viable solution.  With this data and insight, what is the economic and financial prognosis?

Any one of these four indicators can tell a lot about the direction of the nation’s economic and financial health.  But how does the probability or credibility of an assessment increase, when all four of these indicators signal slowdown or reversal from previous periods?   The stock market as measured by the S&P 500 index has suffered its worst performance since 1970, perhaps confirming reality.  Some will argue that many more criteria need to be analyzed to predict our economic future; however, increased complexity in economic analysis does not necessarily provide improved perspectives on divining the future.   Analyzing more data, and second order effects can simply serve to obscure the overwhelming direction of reality.   

Other economic and financial measures

It should clear, or at least arguable, that the preceding four indicators suffice to indicate the long-term direction of an economy, and the health of its financial system.  However, resourceful economists and market predictors have developed myriad economic, financial, and market measurements which support specific viewpoints and realities.  
Here we highlight a couple, just to acknowledge its multitude.

Demographics has often been called “economic destiny”.  As the expansion of a population can be predictably projected more than twenty years into the future, demographics can accurately predict the spending habits of young adults, forming families, a generation of young children, teenagers, young adults, empty nesters, and older adults at the end of life.  It can accurately predict the number of people to enter the job market years into the future, and attendant taxes and Social Security contributions.  Accordingly, demographic charts are important economic predictors.  Because family formations and births have been decreasing for several decades, and lackluster employment growth including stalled wages when adjusted for inflation, it foretells inadequate tax collection promoting further debt expansion, and dangerously diminished contributions for sustaining the Social Security and Medicare system.  

Inversion of long-term and short-term interest rates has long been used as a predictor of recessions.  Therefore, it is also a credible predictor of the direction of financial markets and the economy.  Over accurate years, such charts have confirmed more frequent near inversion of the yield curve, and genuine inversion for brief periods of time, indicating near recession conditions.  It seems that a healthy relationship between increased maturity bonds as depicted by a yield curve has been absent for years.

For those seeking more comprehensive data, one must accept the fact that any statistics which look at the United States are compounded by similar data for all of the world’s largest countries – the G7 or G20 group.  Data can also be split between primary and other industries, or groups, and governments, imports and exports.  There are consumer confidence indexes, disposable income gauges, and various sales and profit measures.  It can be important to look at the whole banking and monetary system, Treasury financing, central bank and other open market activity, interest rates domestic and international, and those related to the building industry and mortgage loans.  There is an incredible array of information relative to employment, unemployment, and jobs.
It should be clear that one can get lost in the available information.  Looking at second derivatives of data, repos, convexity, and reverse repos may be overdoing it a bit.  Over a longer time period, the preceding four measures just highlighted provide sufficient information to corroborate economic and financial trends and their vibrancy.

Underlying reason for these problems

Perhaps it is worthwhile reflecting on the fact that the problems of rapidly increasing national debt, extraordinary increase in the creation of additional money stock (fiat dollars), and the cost inflation that we are now witnessing in our domestic and global economies is only possible because governments have centralized control of fiat currency issuance, taken away real money (gold) from the people, and replaced it with a currency which can be increased at will by most governments.   People of those nations that cannot issue their own currency, such as those in the European Union, are even more subjugated than other currency issuing countries.

It is also worth noting that once inflation becomes severe and persistent, it may supply way to hyperinflation, where meaningful trade, both national and international, becomes increasingly difficult if not impossible to conduct because with a continuously rapidly losing-value currency, it becomes impossible to value trade goods in terms of the changing value of exchange. That points to the shriveling of future global trade, and worldwide economic retardation.   It is also worth pointing out that hyperinflation is only possible from a government issued currency.

In times of inflation, the government has an increasing need for more currency, as the value of that currency is declining to pay for government spending.  Therefore, it is a reasonable conjecture, that government will continuously increase its issue of currency, and accelerate the devolution of its value - and over a longer period of time promote and certain its collapse. 

In this period of accelerating inflation, people are motivated to spend more now, before prices increase further.  Indeed, the government and FED promote spending rather than saving and investing – it is the basis of our faulty Keynesian economics.  Therefore, the entire economic structure is based on a fraudulent foundation of government issued money which expands on its perceived needs, and encourages destructive government policies.  Since inflation cannot persist over a long period of time, and no nation has been able to print money to make its people rich, it follows that its currency will also not persist for a long period of time.

Eventually, a reevaluation of these piles of fiat currencies takes place, and the trillions of investments in dollars and other currencies committed to equities and fixed income and real estate in global markets gets repriced by an unchanging measuring-value rod such as gold.  Whether a slow-moving or a rapid devaluation – such events will be remembered historically as a collapse.  A collapse of a currency can only take place when confidence of people, in media and government agencies has substantially declined or evaporated.   According to the most accurate Gallup poll, our nation’s citizens are registering their lowest level of confidence in these institutions, while confidence in Europe has tanked from the effect of its long-term egregious if not destructive totalitarian governance policies and more recently from effects of being unable to maintain its energy contracts with Russia – thus making the collapse of global currencies possible.

In the meantime, the continued issuance of additional dollars domestically reduces lending costs (interest rates) and incentivizes borrowing.  People who understand money, borrow to invest in markets which will benefit from inflation, or at a corporate level repurchase a company’s shares to benefit its stock price.  Government control of money has never proven to work well throughout any period in human history!  Government’s ability to print money has only allowed it to manipulate interest rates which have caused recessions, and the increased debt-supported money has promoted warlike geopolitical policies without which most of the wars of the last century, including WWI and WWII, Korea, Vietnam, Afghanistan, Iraq, Syria and lesser interventions such as in Guatemala and elsewhere would have been short, or not have taken place at all.   With sound money, the world would have been a better, far more affluent and peaceful place for its global citizens.  Can our coming technically-driven digital transformation of money usher in an era of honest money and fewer kinetic wars, and even global peace? 

Manifestations of centralized fiat currency 
Nations and its politicians, in accurate decades led by the US, historically have acted in a fashion which is destructive to their own and other country currencies and economies.  Unwittingly, nations are thereby also destroying accumulated wealth of their own citizens, and their economic sovereignty.  Among billions of global inhabitants there are thousands of competing groups – different civilizations, continents, religions, types of governments, countries large and small, capitalists, leftists, socialists, globalists, climate activists, resource rich or poor, modern day Malthusians and other doomsayers, and ideologue groups of almost an infinite variety.  Such groups have programs and projects and leaders who in varying degrees can have significant influence on the future direction of the world.

An example of a prominent group is the World Economic Forum (WEF) whose leaders are creating a global crisis for the purpose of redirecting the nature and control of the world’s energy use through climate hysteria, fostering fear of inadequate food supply, and bringing change in the nature and control of the world’s money supply by aligning with the International Monetary Fund (IMF), which wants to offer a single global currency.  Their stated goal for the global population by the year 2030 is “to own nothing and be happy”.  It must be stated that communism has been tried for over two centuries and, and after millions of lives lost and unimaginably destructive wars - it was found not to work.  Even its largest and strongest adherents, China and Russia, are no longer communist – they allow and encourage private property and individual business enterprise.

Today’s reality of surging gasoline prices worldwide and energy shortage in Europe is proving that nuclear energy, coal, oil, and natural gas-based energy is still needed for humans to thrive.  No mad marches, or destruction of our city centers is needed to prod engineers to produce cleaner and abundant energy.  Scientists are also diligently working to develop new sources of clean energy whether there are marches and riots or not.  It just shows that the protesters are interested in violence and destruction for its own sake, rather than support science-based energy research.  In other words, it is an attempted power grab by a coordinated and organized group of dissidents.

Technology-driven global solution

Science and technology are also working on developing a new and potentially better money.  This technology is based on computer code limited expansion of its decentralized platform coins and token currency, that is inclusive of unbanked and underbanked population, and based on computer node confirmed transactions, which can take place with complete trust between people who do not know each other.  By contrast, historical evidence shows that centralization of any process, authority, or governance increases power, wealth concentration, and corruption.  That certainly has been true over the last century regarding the government’s centralization and confiscation of gold money and substituting fiat currency in its place while forcing it on the public through legal tender laws.  The loss of purchasing value since the inception of the FED has been almost complete.  The loss of fiat currency value just since 1971, when compared to gold’s price has declined by 98% - a criminal and evil result. 

Information technology-wise systems analysts, programmers and coders have clearly understood the corrosion of fiat currency to financial systems and economies, and created scores of decentralized platforms which have issued value-carrying tokens that can function as currency.  The most common known alternative currency is Bitcoin, which because of its programmed limitation to 21 million coins, has gained in reputation as a store of value.  Understandably, governments and the banking industry are frightened by losing control of their centralized socialist system, and will do anything to destroy it.

Just as the first I-phone has given way to its twelfth iteration, digital currency and assets will evolve over coming years providing indispensable services for transferring money or other value.  In some parts of the world, decentralized and inclusive banking services will promote privacy, foster asset accumulation, and force governments to be less invasive yet more frugal and efficient, collecting their diminished taxes through easily collectible sales taxes rather than through a burdensome income tax computation.  

The larger more developed countries, which presently have greater centralization and larger budgets with greater attendant deficits and higher national debt, will resist any liberalizing financial evolution beneficial to citizens by issuing programmable, controllable, consumer-identifiable, and confiscate-able central bank digital currencies (CBDC’s).  These CBDC’s are coming globally not only because the technology is now available, but because transfer to a new financial system can facilitate hiding and deceiving the public as to the incredible damage that politicians have visited upon its populace.  Truth would show that politicians have not enabled the will of the people, but rather catered to giant businesses and the military-industrial complex who in turn have enriched those politicians.  Unfortunately such corruption is an integral, congenital part of politics, and apparently rises to the highest office in the land.  

The real prognosis?

It was almost three years ago that an unambiguous article on the prognosis of our economy and financial system entitled Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO was posted.  In early 2021 the article entitled US Dollar Has Crossed the “Event Horizon” made clear that the then level of debt and money creation had created a condition wherein there was no route to financial recovery.  Finally, two months ago the article entitled Greater Depression Now!? underscores that while the economy has not officially registered a recession yet, that according to Keynes definition of depression,  we have been in one already for an unquantifiable period of years.

So what is the real prognosis for our monetary system and economy, and what are the chances for its recovery?  A fiat monetary virus is terminal for a monetary system, even as historically it has taken about one century for such systems to die.  An economy, and by extension a society, cannot function without a healthy (honest) monetary system, and as a consequence such economies decline from their hegemon roles to simply become a smaller and less important part of the global economy.  Portugal, Spain, Holland, France, England, the United States are examples of historical hegemons.  Once they lost their hegemon status, people still lived, loved, married, and had families, and the nation lives on, but they no longer are singular global leaders.  There are no examples of a country achieving a “recovery” from this terminal virus of fiat currency – but life does go on.   So no more needs to be said about the prognosis of our economy and financial markets, or the prospects for recovery. 

While advancing technology will continue to Strengthen our lives, it is up to global citizens to contain the urge of politicians to control and impoverish most citizens for the sake of their self-benefiting promotions. The solution to government deficits, military aggression, and loss of currency value through inflation, and the loss of equity and debt-based financial assets is the transition of our monetary system to decentralized ledger-based electronic asset platforms which cannot be modified or controlled by historically confirmed untrustworthy governments.  The prognosis of that new monetary system and such an economy deserves and needs to be tested for the benefit of all humanity.

Raymond Matison

Mr. Matison was an Institutional Investor magazine top ten financial analyst of the insurance industry, founded Kidder Peabody’s investment banking activities in the insurance industry, and was a Director, Investment Banking in Merrill Lynch Capital Markets.   He can be e-mailed at rmatison@msn.com
Copyright © 2022 Raymond Matison - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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Thu, 04 Aug 2022 04:56:00 -0500 text/html https://www.marketoracle.co.uk/Article70428.html
Killexams : Facing a Cash-Crunch? No result found, try new keyword!resorting to psychological tricks to blunt the pain ... Finally, if we look to Master Limited Partnerships (MLPs) we see Enterprise Products paying out 7.3%, Magellan Midstream yielding 8.3% ... Thu, 28 Jul 2022 08:27:00 -0500 text/html https://www.nasdaq.com/articles/facing-a-cash-crunch Killexams : Java News Roundup: JDK 19 in RDP2, Oracle Critical Patch Update, TornadoVM on M1, Grails CVE

This week's Java roundup for July 18th, 2022, features news from Oracle, JDK 18, JDK 19, JDK 20, Spring Boot and Spring Security milestone and point releases, Spring for GraphQL 1.0.1, Liberica JDK updates, Quarkus 2.10.3, CVE in Grails, JobRunr 5.1.6, JReleaser maintenance, Apache Tomcat 9.0.65 and 10.1.0-M17, Tornado VM on Apple M1 and the JBNC conference.

Oracle

As part of Oracle's Critical Patch Update for July 2022, Oracle has released versions 18.0.1.1, 17.0.3.1, 11.0.15.1, 8u333 and 7u343 of Oracle Java SE. More details may be found in the release notes for JDK 18, JDK 17, JDK 11, JDK 8 and JDK 7.

JDK 18

Concurrent with Oracle's Critical Patch Update, JDK 18.0.2 has been released with minor updates and removal of the alternate ThreadLocal class implementation of the current() and callAs() methods within the Subject class. However, support for the default implementation has been maintained. Further details on this release may be found in the release notes.

JDK 19

As per the JDK 19 release schedule, Mark Reinhold, chief architect, Java Platform Group at Oracle, formally declared that JDK 19 has entered Rampdown Phase Two to signal continued stabilization for the GA release in September. Critical bugs, such as regressions or serious functionality issues, may be addressed, but must be approved via the Fix-Request process.

The final set of seven (7) features for JDK 19 release will include:

Build 32 of the JDK 19 early-access builds was made available this past week, featuring updates from Build 31 that include fixes to various issues. More details may be found in the release notes.

JDK 20

Build 7 of the JDK 20 early-access builds was also made available this past week, featuring updates from Build 6 that include fixes to various issues. Release notes are not yet available.

For JDK 19 and JDK 20, developers are encouraged to report bugs via the Java Bug Database.

Spring Framework

Spring Boot 2.7.2 has been released featuring bug fixes, improvements in documentation and dependency upgrades such as: Spring Framework 5.3.22, Spring Data 2021.2.2, Spring GraphQL 1.0.1, Tomcat 9.0.65, Micrometer 1.9.2, Reactor 2020.0.21 and MariaDB 3.0.6. Further details on this release may be found in the release notes.

Spring Boot 2.6.10 has been released featuring bug fixes, improvements in documentation and dependency upgrades such as: Spring Framework 5.3.22, Spring Data 2021.1.6, Jetty Reactive HTTPClient 1.1.12, Hibernate 5.6.10.Final, Micrometer 1.8.8, Netty 4.1.79.Final and Reactor 2020.0.21. More details on this release may be found in the release notes.

On the road to Spring Boot 3.0, the fourth milestone release has been made available to provide support for: the new Java Client in Elasticsearch; Flyway 9; and Hibernate 6.1. Further details on this release may be found in the release notes.

Spring Security 5.8.0-M1 and 6.0.0-M6 have been released featuring: a new setDeferredContext() method in the SecurityContextHolder class to support lazy access to a SecurityContext lookup; support for the SecurityContextHolderStrategy interface to eliminate race conditions when there are multiple application contexts; support for the AuthorizationManager interface to delay a lookup up of the Authentication (such as Supplier<Authentication>) vs a direct Authentication lookup; and provide an alternative for MD5 hashing in the Remember-Me token. There were numerous breaking changes in version 6.0.0-M6. More details on these releases may be found in the release notes for version 5.8.0-M1 and version 6.0.0-M6.

Spring for GraphQL 1.0.1 has been released featuring: improved handling when a source/parent is expected and is null; support for resolving exceptions from a GraphQL subscription; and a new default limit on the DEFAULT_AUTO_GROW_COLLECTION_LIMIT field within the DataBinder class. This version also ships with Spring Boot 2.7.2 and a dependency upgrade to GraphQL Java 18.2. Further details on this release may be found in the release notes.

Liberica JDK

Also concurrent with Oracle's Critical Patch Update (CPU) for July 2022, BellSoft has released CPU patches for versions 17.0.3.1.1, 11.0.15.1.1 and 8u341 of Liberica JDK, their downstream distribution of OpenJDK. In addition, Patch Set Update (PSU) versions 18.0.2, 17.0.4, 11.0.16 and 8u342, containing CPU and non-critical fixes, have also been released.

Quarkus

Quarkus 2.10.3.Final has been released to address CVE-2022-2466, a vulnerability discovered in the SmallRye GraphQL server extension in which server requests were not properly terminated. This vulnerability only affects the 2.10.x release train. Developers are encouraged to upgrade to this latest release. More details on this release may be found in the release notes.

Grails Framework

The Micronaut Foundation has identified a remote code execution vulnerability in the Grails Framework that has been documented as CVE-2022-35912. This allows an attacker to "remotely execute malicious code within a Grails application runtime by issuing a specially crafted web request that grants the attacker access to the class loader."

This attack exploits a portion of data binding capability within Grails. Versions 5.2.1, 5.1.9, 4.1.1 and 3.3.15 have been patched to protect against this vulnerability.

JobRunr

Ronald Dehuysser, founder and primary developer of JobRunr, a utility to perform background processing in Java, has released version 5.1.6 with support for Micrometer Metrics that now exposes recurring jobs and number of background job servers.

JReleaser

An early-access release of JReleaser, a Java utility that streamlines creating project releases, has been made available featuring a fix to an issue in Gradle where a property wasn't properly checked before accessing it.

Apache Tomcat

The Apache Software Foundation has provided milestone and point releases for Apache Tomcat.

Tomcat 9.0.65 available features: a fix for CVE-2022-34305, a low severity XSS vulnerability in the Form authentication example; support for repeatable builds; and an update of the packaged version of the Tomcat Native Library to 1.2.35 that includes Windows binaries built with OpenSSL 1.1.1q. Further details on this release may be found in the changelog.

Apache Tomcat 10.1.0-M17 (beta) available features: an update of the packaged version of the Tomcat Native Library to 2.0.1 that includes Windows binaries built with OpenSSL 3.0.5; support for repeatable builds; and an update of the experimental Panama modules with support for OpenSSL 3.0+. Apache Tomcat 10.1.0-M17 is an alpha milestone release to provide developers with early access to the new features in Apache Tomcat 10.1 release train. More details on this release may be found in the changelog.

TornadoVM

TornadoVM, an open-source software technology company, has announced that developers may still install TornadoVM on the Apple M1 architecture despite Apple having deprecated OpenCL.

JBCNConf

JBCNConf 2022 was held at the International Barcelona Convention Center in Barcelona, Spain, this past week featuring many speakers from the Java community who presented talks and workshops.

Editor's Note

This news story has been updated to include the definition of the acronym PSU (Patch Set Update) in the Liberica JDK section.

Tue, 02 Aug 2022 02:20:00 -0500 en text/html https://www.infoq.com/news/2022/07/java-news-roundup-jul18-2022/
Killexams : Services & Software No result found, try new keyword!The company will continue a controversial money-back certain program through March 31, or until Oracle drops its $ ... Sun Microsystems sells its Java Enterprise System of server software ... Wed, 04 May 2022 09:06:00 -0500 en text/html https://www.cnet.com/tech/services-and-software/2091/ Killexams : Oracle (ORCL) to Launch New Sovereign Cloud Regions Across EU

Oracle ORCL recently unveiled plans to launch new sovereign cloud regions in the European Union (EU) in 2023 to enable personal enterprises and public sector organizations to host functions and workloads of a delicate nature.

The new sovereign cloud regions will meet legal compliance with EU regulations. For data residency, security, privacy, and compliance, the regions will operate under a full-scale set of policies. These policies will create a framework, including how customer data is stored and accessed and how the government’s requests for data are handled.

The company intends to migrate customers using Oracle Fusion Cloud Applications, within the existing EU Restricted Access cloud service, to the new Oracle Cloud Infrastructure (“OCI”) sovereign cloud regions. New regions will apply the same services as existing OCI regions at the same pricing and services.

Another offering set to become available in the sovereign cloud regions is Oracle’s EURA service. The service helps customers ensure that their data remains in the EU. European Union Restricted (“EURA") also provides certain other features, such as the ability to remove important records from a dataset stored in a production environment, before moving it to a non-production environment.

The first two sovereign cloud regions for the EU will be located in Germany and Spain, with operations and support restricted to EU residents and specific EU legal entities. In addition, sovereign cloud regions will be logically and physically separated from the existing public OCI regions in the EU, such as those already operating in Amsterdam, Frankfurt, Paris, Marseille, Milan and Stockholm.

For existing users, pricing for OCI services will be the same as in existing OCI regions, and EURA pricing will remain unchanged, with the same levels of support and financially backed service level agreements.

Oracle Corporation Price and Consensus

Oracle Corporation Price and Consensus

Oracle Corporation price-consensus-chart | Oracle Corporation Quote

Momentum in Cloud Offerings to Drive Top Line

This Zacks Rank #3 (Hold) company is now an established leader in building cloud regions for customers who demand the highest levels of security and have regulated workloads. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Last month, Oracle announced that it is expanding OCI’s built-in services and capabilities. The integration of the threat management capabilities in OCI will help customers protect their cloud applications and data against emerging threats without any additional investment.

NTT DOCOMO DCMYY, a Japan-based mobile operator, has adopted OCI to build a new development environment for All Around DOCOMO Information Systems (“ALADIN”). It is one of the largest customer information management systems in the world. ALADIN’s developers will be able to construct modern applications in a more cost-effective and efficient manner, using OCI.

Oracle partnered with VMware VMW to launch Oracle Cloud VMware Solution. Oracle VMware Solution provides a faster route to the cloud, providing predictability, security and control of on-premise VMware workloads. The solution gained popularity among leading enterprises in retail, telecommunication, finance and banking, manufacturing, government and others.

Earlier this year, Oracle Cloud was selected by Xerox XRX to support the launch of new businesses. This move will enable Xerox to capitalize on Oracle’s expertise in cloud solutions to bring 3D Printing infrastructure to manufacturing, structural health monitoring and augmented reality to Strengthen customer support.

In the last-reported quarter, Oracle’s Cloud services and license support revenues reached $7.64 million, up 5% year over year (up 8% at cc), driven by the robust demand for Fusion, Autonomous Database and OCI services. The trend is likely to continue in the near term.


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Wed, 13 Jul 2022 05:12:00 -0500 en-US text/html https://finance.yahoo.com/news/oracle-orcl-launch-sovereign-cloud-143002382.html
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