March 10, 2017

Bloomberg - Desperation Sets in for House Hunters in Toronto’s Red-Hot Market 4min

Here are the facts: there were 5,400 properties on the market at the end of February, half of last year’s figure. That amounted to just one month of inventory—the time it would take to sell all available properties—compared with 5.6 months in Manhattan. Supply isn’t keeping up with demand. ... While Canada’s west coast city of Vancouver has grabbed international attention for its soaring prices in recent years, Toronto is now in the eye of the country’s housing hurricane. The price of an average house in Toronto and its suburbs rose 28 percent in February to C$875,983 from the prior year, the sixth straight month of above-20 percent growth. ... “Nothing is more bubbly right now than the Toronto housing market,” David Rosenberg

Der Spiegel - Meet Donald Trump's Propagandist 10min

The founder of the Infowars website has been living in his own world for the last 20 years. It's a world of clear friends and clear foes, filled with intrigues and scandals, cover-ups and conspiracies. Jones is convinced that the global elites have formed an alliance against the United States to destroy the country. He disseminates this message five days a week on the Alex Jones Show, broadcast from Austin, Texas. His show is aired on more than 100 radio stations, and his website reaches millions of Americans. ... It was already cause for dismay at the time that Trump was aligning himself with Alex Jones, a man who has said a lot of crazy things throughout his life. For example, he believes the government possesses weather weapons it can use to create artificial tornadoes. ... "I constantly see propaganda everywhere."

Nautilus - The Anatomy of Charisma 11min

Why do some people so clearly have it and others don’t? Why do we fall so easily under its influence? Charismatics can make us feel charmed and great about ourselves. They can inspire us to excel. But they can also be dangerous. They use charisma for their own purposes, to enhance their power, to manipulate others. ... Individuals with charisma tap our unfettered emotions and can shut down our rational minds. They hypnotize us. But studies show charisma is not just something a person alone possesses. It’s created by our own perceptions, particularly when we are feeling vulnerable in politically tense times. I’m going to tell you about these studies and spotlight the opinions of the neuroscientists, psychologists, and sociologists who conducted them. ... Antonakis has identified a series of what he calls Charismatic Leadership Tactics (CLTs), which range from the use of metaphors and storytelling to nonverbal methods of communication like open posture and animated, representative gestures at key moments. When taken together, he has shown, they have helped decide eight of the last 10 presidential elections.

McKinsey - How technology is reshaping supply and demand for natural resources [EXECUTIVE SUMMARY] 32min

During the 2003–15 commodity supercycle, spending on resources including oil, natural gas, thermal coal, iron ore, and copper rose above 6 percent of global GDP for only the second time in a century before abruptly reversing course. Less noticed than these price gyrations have been fundamental changes in supply and demand for resources brought about by expected macroeconomic trends and less predictable technological innovation. Our analysis shows that these developments will have major effects on resource production and consumption over the next two decades, potentially delivering significant benefits to the global economy and bringing change to the resource sector.
-Rapid advances in automation technologies such as artificial intelligence, robotics, analytics, and the Internet of Things are beginning to transform the way resources are produced and consumed.
-Scenarios we modeled show that adoption of these technologies could unlock cost savings of between $900 billion and $1.6 trillion in 2035, equivalent to the GDP of Indonesia or, at the upper end, Canada. Total primary energy demand growth will slow or peak by 2035, despite growing GDP, according to our analysis.
-The price correlation that was evident during the supercycle is unraveling, and a divergence in prospects between growth commodities and declining ones may become more significant.
-Policy makers could capture the productivity benefits of this resource revolution by embracing technological change and allowing a nation’s energy mix to shift freely, even as they address the disruptive effects of the transition on employment and demand.
-For resource companies, particularly incumbents, navigating a future with more uncertainty and fewer sources of growth will require a focus on agility.

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Foreign Policy - The Blackwater of Jihad 6min

Malhama Tactical isn’t an enormous military conglomerate like the infamous Blackwater (now named Academi). It consists of 10 well-trained fighters from Uzbekistan and the restive Muslim-majority republics of the Russian Caucasus. But size isn’t everything in military consulting, especially in the era of social media. Malhama promotes its battles across online platforms, and the relentless marketing has paid off: The outfit’s fighting prowess and training programs are renowned among jihadis in Syria and their admirers elsewhere. It helps that until now the group has specialized its services, focusing on overthrowing Bashar al-Assad’s regime and replacing it with a strict Islamic government. ... The group’s leader is a 24-year-old from Uzbekistan who goes by the name Abu Rofiq (an Arabic pseudonym that means father of Rofiq). Little is known about him other than that he cycles through personal social media accounts rapidly, using fake names and false information to throw off surveillance efforts. ... Since launching in May 2016, Malhama has grown to do brisk business in Syria, having been contracted to fight, and provide training and other battlefield consulting, alongside groups like the al Qaeda-affiliated Jabhat Fateh al-Sham (formerly known as the Nusra Front) and the Turkistan Islamic Party, a Uighur extremist group from China’s restive Xinjiang province.