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The Latest Daily PodCast can be found here on the Front Page of the site http://www.rich.co.ke |
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28-AUG-2017 China Rising Law & Politics |
Apart from a few half-hearted and timid FONOPs [freedom of navigation operations], China has established control over the South China Sea. It has created artificial Islands and then militarised those artificial islands across the South China Sea. It is a mind-boggling geopolitical advance any which way you care to cut it
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Trump Jr. and Other Aides Met With Gulf Emissary Offering Help to Win Election @nytimes Law & Politics |
WASHINGTON — Three months before the 2016 election, a small group gathered at Trump Tower to meet with Donald Trump Jr., the president’s eldest son. One was an Israeli specialist in social media manipulation. Another was an emissary for two wealthy Arab princes. The third was a Republican donor with a controversial past in the Middle East as a private security contractor.
The meeting was convened primarily to offer help to the Trump team, and it forged relationships between the men and Trump insiders that would develop over the coming months — past the election and well into President Trump’s first year in office, according to several people with knowledge of their encounters.
Erik Prince, the private security contractor and the former head of Blackwater, arranged the meeting, which took place on Aug. 3, 2016. The emissary, George Nader, told Donald Trump Jr. that the princes who led Saudi Arabia and the United Arab Emirates were eager to help his father win election as president. The social media specialist, Joel Zamel, extolled his company’s ability to give an edge to a political campaign; by that time, the firm had already drawn up a multimillion-dollar proposal for a social media manipulation effort to help elect Mr. Trump.
The company, which employed several Israeli former intelligence officers, specialized in collecting information and shaping opinion through social media.
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05-DEC-2016:: "We have a deviate, Tomahawk." Law & Politics |
However, my starting point is the election of President Donald Trump because hindsight will surely show that Russia ran a seriously sophisticated programme of interference, mostly digital. Don DeLillo, who is a prophetic 21st writer, writes as follows in one of his short stories:
The specialist is monitoring data on his mission console when a voice breaks in, “a voice that carried with it a strange and unspecifiable poignancy”. He checks in with his flight-dynamics and conceptual- paradigm officers at Colorado Command: “We have a deviate, Tomahawk.” “We copy. There’s a voice.” “We have gross oscillation here.” “There’s some interference. I have gone redundant but I’m not sure it’s helping.” “We are clearing an outframe to locate source.” “Thank you, Colorado.” “It is probably just selective noise. You are negative red on the step-function quad.” “It was a voice,” I told them. “We have just received an affirm on selective noise... We will correct, Tomahawk. In the meantime, advise you to stay redundant.” The voice, in contrast to Colorado’s metallic pidgin, is a melange of repartee, laughter, and song, with a “quality of purest, sweetest sadness”. “Somehow we are picking up signals from radio programmes of 40, 50, 60 years ago.”
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While @JaredKusher and @IvankaTrump partied, Palestinians were being gunned down for daring to protest for their right to return to lands they were expelled from @theintercept's @jeremyscahill Law & Politics |
ISRAEL HAS ONCE again conducted a premeditated, full-scale massacre in broad daylight, in front of the cameras of the world. Once again, it took place in Gaza.
On May 14, Israeli snipers and other forces gunned down more than 60 Palestinians, and wounded thousands of others, including civilians, journalists, and paramedics. “You try nonlethal means and they don’t work,” said Israeli Prime Minister Benjamin Netanyahu. “So you’re left with bad choices. It’s a bad deal. You know, you try and you go for below the knee, and sometimes it doesn’t work, and unfortunately these things are avoidable.”
. محمد بن زايد @MohamedBinZayed https://twitter.com/MohamedBinZayed/status/998239573980471298 |
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21-MAY-2018 :: Blockchain Cyptocurrencies and Avocados @thestarkenya International Trade |
Lets start with the basics. New Economies tend to create their own Lingua Francas and before you know it, we might be nodding sagely but have become essentially clueless. And if we don't uberise ourselves we might end up being ''Kodak''ed [Kodak, however, are seeking to resurrect themselves from the Smartphone [Camera Phone] Catastrophe by issuing a Kodak coin].
The First Term to understand is the BlockChain.
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block,a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way".For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.This makes blockchains potentially suitable for the recording of events, medical records and other records management activities, such as identity management,transaction processing, documenting provenance, food traceability or voting. Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. This means specific blockchain applications may be a disruptive innovation, because substantially lower-cost solutions can be instantiated, which can disrupt existing business models.Blockchain protocols facilitate businesses to use new methods of processing digital transactions. Examples include a payment system and digital currency, facilitating crowdsales and generic governance tools.[Wikipedia].
Here in Kenya, the application of the BlockChain to the Land Register is a ''No-Brainer'' The Land Register would metasize from a situation where it has more Holes than Swiss Cheese to one where it is 100% tamper-proof. I have no doubt that the Blockchain is a Silver Bullet but the question is how long the Incumbents can dodge the bullet.
The second term to understand is crypto currency.
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralised control as opposed to centralized electronic money and central banking systems.The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger. Bitcoin created in 2009, was the first decentralized cryptocurrency. Since then, over 3,500 cryptocurrencies have been created.
The Entire cryptocurrency market was valued at $5.5b in January 2015, $7.152b in January 2016, $18.34b in January 2017, $795.83b in January 2018, $249.15b on April 4th 2018 and was last valued at $379.83b. The Price Inflation witnessed between January 2017 [$18.34b] and January 2018 [$795.83b] was the fastest price increase ever witnessed in the history of mankind, even surpassing the Tulip Mania of 400 Years ago.
At todays prices [Cryptocurrency trades 24 hours a day seven days a week unlike the ordinary markets which take the week-end off] Bitcoin constitutes 37.38% of the entire cryptocurrency value, Ethereum 18.49%, Ripple 7.02%, Bitcoincash 5.37%, Litecoin 2.03%, IOTA 1.32%, NEO 1.03%. Others 24.95%.
Now, when you see Price Inflation of the Type cryptocurrency markets have witnessed it of course creates a fever of speculation and a whole series of high-tech, pump-and-dump schemes. In the cryptcurrency markets, its a serious case of Caveat Emptor. At Least 95% of the current crop of cryptocurrencies are going to be worth 0.00. The Winners, will produce an exponential parabolic return. To be a Winner the cryptocurrency needed to be first like Bitcoin [which has a limited and finite number] and maintain your credibility as the pre-eminent crypto because Bitcoin is no longer about utility. For example, The block time for Ethereum is set to between 14 and 15 seconds, while for bitcoin it is 10 minutes. The rise of Ethereum is exactly around its utility and its Platform [It is the preeminent ''digital capital markets' ' platform for the Crypto markets]. Ripple is seeking to disrupt the global wholesale money transfer markets.
Let me leave you with one final thought and that is velocity.
Paul Virilio said “Speed now illuminates reality whereas light once gave objects of the world their shape.”
@BenedictEvans tweeted ''The difference in tech is that the cycle time can be really fast - we went from IBM to Wintel to GAFA in 20 year jumps. That has tended to mean dominance turns to irrelevance faster than anti-trust processes can diagnose, pick a remedy and apply it''
Hamid Rashid the CEO of Finterra Blockchain said to me, ''What took a decade to happen, is happening in months in this new BlockChain/Crypto Economy''
And on that closing note I am going to have an Avocado, which seems to be what a lot of Folks are wont to do these days.
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Sasini Tea and Coffee reports H1 2018 EPS +8.8242% Earnings Kenyan Economy |
Par Value: 1/- Closing Price: 24.75 Total Shares Issued: 228055504.00 Market Capitalization: 5,644,373,724 EPS: 1.52 PE: 16.283
Sasini Limited HY 2018 Results through 31st March 2018 vs. 31st March 2017 HY Revenue 1.504797b vs. 1.453444b +3.533% HY [Losses] arising from changes in fair value of biological assets less cost to sell [114.132m] vs. [44.025m] +159.244% HY Results from operating activities 75.688m vs. 51.188m +47.863% HY Net finance income 48.439m vs. 59.230m -18.219% HY Profit before tax 124.127m vs. 110.418m +12.416% HY Profit for the year 84.664m vs. 77.293m +9.536% HY Profit/ [losses] arising from operating activities 163.063m vs. 107.909m +51.112% HY Gains/ [losses] arising from changes in fair value of biological assets after tax [78.144m] vs. [29.932m] -161.072% EPS on operating activities 0.72 vs. 0.47 +53.191% Earnings/ [loss] per share on biological assets after tax [0.34] vs. [0.13] -161.538% EPS 0.37 vs. 0.34 +8.824% Total equity 11.229498b vs. 11.315877b -0.763% Cash and cash equivalents at the end of the year 1.621940b vs. 1.406876b +15.287% Interim dividend 0.5
Conclusions
Production is set to surge H2
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