Cloud Hosting is The Architecture of Cloud Computing Techniques

Cloud Hosting Technique

Cloud Hosting is The Architecture of Cloud Computing Techniques

Cloud Hosting is The Architecture of Cloud Computing Techniques

provides the hosting services in the form of a single virtual machine and is implemented through the use of cloud computing and cloud architecture. It dynamically distributes data and processes across the small servers of the system for processing. The cloud hosting system is divided into many virtual machines. The services offered by a loud hosting service provider are located at its premises and these can be accessed by using client software.

The cloud hosting allows the users to get their applications up and running much faster and enables the quick readjustment of virtual resources to meet the dynamic demands like increased data rate, traffic size and storage requirements. The users can assess the cloud using different client devices like desktops, laptops, tablets and phones. Some of the user devices require real time cloud computing for running their applications, while others can interact with a cloud application via web browsers. Some cloud applications only support specific client software dedicated for these applications. Some legacy applications are also supported through screen sharing technology. The internet giants such as Google and Amazon are using this state of art hosting technology successfully for their servers.

Cloud hosting can be offered in three different modes i.e. infrastructure as a service(IaaS) , platform as a service(PaaS) and software as a service(SaaS). The basic mode IaaS , offers the services in the form of physical or virtual machines ( computers & other processing devices), raw/block storage , firewalls , load balancing mechanism and networks .The IaaS mode services provider supply these resources from a large deployed pool of resources in data centers andthis also include provisioning of local area networks and  IP addresses. The PaaS mode cloud hosting services provider offers a cloud computing platform  that include an operating system, programming execution environment, database and server. The PaaS application software can be developed and run on a cloud platform and does not involve cost and complexity of buying and managing the hardware and software layers. The (SaaS) mode cloud hosting services provider  install and operate application software in the cloud and cloud users access the software from cloud clients and the cloud platform in this case is not managed by the clients. Clouds hosting can be physically deployed in the form of public cloud, personal cloud, hybrid cloud and community cloud.

Cloud hosting has greatly reduced the website operational cost. In older versions of servers, the clients used to pay for a specific bandwidth irrespective of the traffic on that server. The cloud hosting has tackled this problem through the skillful use of variable costing method, where the cost will increase with the traffic and as the load/traffic reduces the cost will be automatically decreases.

The cloud hosting has a great advantage in terms of its security, as it operates in isolated environment and only the host has the access to it. One of the biggest advantages of cloud hosting is that the cloud platform manageability, maintenance and upgrades can be easily and remotely accomplished, as it does not require any physical/hardware maintenance repair and replacement.

With 4 Short Words, Amazon Just Revealed the Brutal Truth About Its Decision to Cancel HQ2 in New York. (So Many People Don't Want to Admit This)

It’s not a plan really, not a hidden secret message. It’s more of an expression of emotion. Maybe a realization of necessity.

In fact, while the text Amazon posted on its blog on February 14 runs 363 words, the most important part of this crucial passage is just four words long. But those four words speak volumes.

It starts with a dig at “state and local politicians” in New York, and a statement about how many New Yorkers supposedly supported the deal. Then, we get to the crucial part:

We are disappointed to have reached this conclusion–we love New York, its incomparable dynamism, people, and culture–and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. 

There are currently over 5,000 Amazon employees in Brooklyn, Manhattan, and Staten Island, and we plan to continue growing these teams.

Those four crucial words? “We love New York.”

They’re not included by accident. In fact, I’ll bet this statement probably went through more writing, editing and rewriting than anything in Amazon’s history.

But the passage is crucial. It’s a recognition that even in a post-HQ2 world Amazon, still depends big time on New York. That’s why I think the company is at pains to reassure everyone that it isn’t going to try to just reopen the HQ2 search and do this elsewhere.

The brutal truth is: New York City is special.

I know people don’t like to admit this. I know that there are many trying to make political points, attacking union leaders and politicians who they say are to blame for Amazon running away.

But there is no other place truly like New York City, and Amazon isn’t really going to run — not completely. It’s not just chest-thumping; it comes down at least partly to sheer numbers. Here are three of them:

  • By far, New York is the largest city in America, with 8.6 million people–almost as big as the second, third, and fourth largest cities combined.
  • By far, it’s the largest metropolitan area: more than 20 million people. If it were its own state, it would be about as big as Florida — but much more densely packed.
  • By far, it has the largest GDP of any metro area, at at $1.7 trillion. That’s nearly 9 percent of the entire country.

Was it ever possible that Amazon would direct a personal insult at the largest and most important market in the country, by jilting it for say, Nashville? 

No offense to Nashville, the so-called runner-up. It’s a really great city too, but numbers don’t lie: it’s tiny compared to New York.

Remember, they just proved it at Amazon, too.

After staging a 14-month beauty contest, playing off more than 200 cities against each other, and keeping the terms secret so that none of them could know what they needed to do in order to win, the result was almost comically predictable:

Amazing n couldn’t do better than New York and an area right outside Washington, D.C. 

You know what I think’s going to happen now? Amazon is going to redistribute those 25,000 jobs around a lot of different places. (Remember, it was only planning to create 700 jobs this year, and wouldn’t hit the full number until 2028 at least.)

Now, New York will still get the largest share, only without having to give an average of $120,000 per job in tax breaks to get them.

And, it will make up the rest and still more–because Amazon just did the legwork for every other company in America.

Especially if the state and city can come up with anything even approaching a small percentage of the deal they were willing to give Amazon, and offer it to a wide array of smaller employers,  think things look pretty rosy.

No matter your size, and as long as you don’t try to squeeze completely one-sided terms out of the deal, if you want to attract amazing workers and expand in one of the greatest cities in the world, Amazon just proved where you should go. 

Amazon loves New York. And a lot of other people do too. 

Stocks To Watch: Spotlight On Walmart, Samsung And CAGNY

Welcome to Seeking Alpha’s Stocks to Watch – a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.

All eyes will be on Bentonville, Arkansas this week with Walmart (NYSE:WMT) due to release earnings on February 19. The retail giant is expected by many analysts to post strong numbers ($1.39B revenue, $1.33 EPS, +2.9% same-store sales) for the holiday quarter, which could also give a push up to shares of Target (NYSE:TGT), Costco (NASDAQ:COST) and Dollar General (NYSE:DG) – unless the cadence on consumer spending, pricing and labor pressure works in the opposite direction. “Walmart likely had a solid 2018 holiday season, helped by favorable macro trends and initiatives related to merchandising and digital,” previews Telsey Advisory Group ahead of the report. Walmart’s report follows closely after a puzzling December retail sales report that may have been a bit of an outlier. On the economic calendar next week, FOMC minutes and retail sales for January are due out on February 20, while a deluge of reports will pour out on February 21 – including updates on U.S. PMI, durable goods orders, existing home sales and the latest Philadelphia Fed Business Outlook reading. Trade talks between the U.S. and China will continue in Washington, although President Trump’s tease of a deadline extension has taken some of the pressure off.


Notable earnings reports: Walmart (WMT), Devon Energy (NYSE:DVN) and Terex (NYSE:TEX) on February 19; CVS Caremark (NYSE:CVS), Agilent (NYSE:A) and Albemarle (NYSE:ALB) on February 20; Hewlett Packard Enterprises (NYSE:HPE), Boyd Gaming (NYSE:BYD), Baidu (NASDAQ:BIDU) and Roku (NASDAQ:ROKU) on February 21; Wayfair (NYSE:W), Cinemark (NYSE:CNK) and AutoNation (NYSE:AN) on February 22. See Seeking Alpha’s Earnings Calendar for the complete list of earnings reporters.

IPO activity: Another quiet week is on tap for the IPO market with no new pricings anticipated. Investors will take a look at Carbon Black (NASDAQ:CBLK) earnings on February 19 and Dropbox (NASDAQ:DBX) earnings on February 21, but mainly there is a lull while government shutdown delays play out. While Levi Strauss (LEVI) created some excitement with its IPO filing as the company looks to enter new market categories, postponed public offerings from Cibus (NASDAQ:CBUS), BankFlorida (NASDAQ:BFL) and Virgin Trains (NASDAQ:VTUS) tempered enthusiasm that the IPO market is heating up.

CAGNY: Its official name is the Consumer Analyst Group of New York conference, but you might call it the Super Bowl of retail events with a huge number of consumer-facing companies set to present. Morgan Stanley says to expect companies to detail plans to reinvigorate market share and topline trends after sequential improvement towards the end of 2019, as well as give an update on recent pricing actions and highlight any benefits from a recent spot commodity drop. Discussion on emerging markets trends, M&A potential, labor pressures are also anticipated. The Morgan Stanley analyst team sees Procter & Gamble (NYSE:PG), Churchs & Dwight (NYSE:CHD) and Colgate-Palmolive (NYSE:CL) as well positioned to gain after their CAGNY talks. Other companies in Boca Raton from February 18-22 include Coca-Cola European Partners (NYSE:CCEP), General Mills (NYSE:GIS), International Flavors & Fragrances (NYSE:IFF), Ingredion (NYSE:INGR), Johnson & Johnson (NYSE:JNJ), Mondelez International (NASDAQ:MDLZ), Performance Food Group (NYSE:PFGC), Sysco (NYSE:SYY), Tyson (NYSE:TSN), Hershey (NYSE:HSY), Kellogg (NYSE:K), McCormick (NYSE:MKC), Altria (MO,) PepsiCo (NYSE:PEP), Philip Morris International (NYSE:PM), J.M. Smucker (NYSE:SJM), Constellation Brands (NYSE:STZ), Coca-Cola (NYSE:KO), Newell Brands (NASDAQ:NWL), Church & Dwight (CHD), Clorox (NYSE:CLX), Herbalife (NYSE:HLF), Spectrum Brands (NYSE:SPB), TreeHouse Foods (NYSE:THS) and Unilever (NYSE:UN).

Projected dividend changes (quarterly): Analog Devices (NASDAQ:ADI) to $0.52 from $0.48, Albemarle (ALB) to $0.35 from $0.335, CenturyLink (NYSE:CTL) to $0.25 from $0.54, Danaher (NYSE:DHR) to $0.18 from $0.16, Digital Realty (NYSE:DLR) to $1.07 from $1.01, Essex Property (NYSE:ESS) to $1.93 from $1.86, Foot Locker (NYSE:FL) to $0.38 from 34.5, Genuine Parts (NYSE:GPC) to $0.765 from $0.72, Garmin (NASDAQ:GRMN) to $0.55 from $0.53, LyondellBasell (NYSE:LYB) to $1.04 from $1.00, PSEG (NYSE:PEG) to $0.47 from $0.45, Prologis (NYSE:PLD) to $0.50 from $0.48, Sempra (NYSE:SRE) to $0.975 from $0.895, TJX (NYSE:TJX) to $0.21 from $0.195, Waste Management (NYSE:WM) to $0.5125 from $0.465, Williams Cos (NYSE:WMB) to $0.38 from $0.34. Walmart (WMT) to $0.53 from $0.52, Xcel Energy (NYSE:XEL) to $0.40 from $0.38, Armada Hoffler (NYSE:AHH) to $0.21 from $0.20, Cogent Comms (NASDAQ:CCOI) to $0.58 from $0.56, Cinemark (CNK) to $0.33 from $0.32, CyrusOne (NASDAQ:CONE) to $0.50 from $0.46, Carter’s (NYSE:CRI) to $0.49 from $0.45, Cubic (NYSE:CUB) to $0.15 from $0.135, Dick’s Sporting (NYSE:DKS) to $0.2475 from $0.225, Domino’s Pizza Inc. (NYSE:DPZ) to $0.65 from $0.55, Comfort Systems USA (NYSE:FIX) to $0.095 from $0.09, James River Group (NASDAQ:JRVR) to $0.35 from $0.30, LeMaitre Vascular (NASDAQ:LMAT) to $0.085 from $0.07, ManTech (NASDAQ:MANT) to $0.29 from $0.25, Marcus Corp (NYSE:MCS) to $0.175 from $0.15, MGP Ingredients (NASDAQ:MGPI) to $0.09 from $0.08, Insperity (NYSE:NSP) to $0.25 from $0.20, Universal Display (NASDAQ:OLED) to $0.09 from $0.06, Old Republic (NYSE:ORI) to $0.1975 from $0.195, Sturm Ruger (NYSE:RGR) to $0.30 from $0.21, Re/Max (NYSE:RMAX) to $0.22 from $0.20, Retail Opportunity (NASDAQ:ROIC) to $0.20 from $0.195, Ruth’s Hospitality (NASDAQ:RUTH) to $0.12 from $0.11, Service Corp (NYSE:SCI) to $0.19 from $0.17, Telephone & Data (NYSE:TDS) to $0.17 from $0.16, Texas Roadhouse (NASDAQ:TXRH) to $0.27 from $0.25, Domtar (NYSE:UFS) to $0.445 from $0.435.

Samsung: Samsung (OTC:SSNLF) plans to open three retail stores in the U.S. next week. The company is also holding a launch event for the new Galaxy S10 and other products on February 20.

New York Toy Fair: More than 30K studio executives, buyers and toy company reps will descend on Manhattan February 16-19 to take in the annual toy show, according to Variety. Over 7K international buyers are also expected to be in the house for the event. Companies looking to make a splash include Mattel (NASDAQ:MAT), Hasbro (NASDAQ:HAS), Funko (NASDAQ:FNKO), Spin Master (OTC:SNMSF) and JAKKS Pacific (NASDAQ:JAKK). The toy sector could use a lift after devastating guidance from Mattel late on Friday sent shares 18% lower.

Analyst/investor meetings: Ameren (NYSE:AEE) on February 20-21, Allakos (NASDAQ:ALLK) on February 19; Regenxbio (NASDAQ:RGNX) on February 21.

Business update updates/calls: Intercontinental Exchange (NYSE:ICE) on February 19, Raymond James Financial (NYSE:RJF) on February 20.

M&A tidbits: Shareholders at Cronos Group (NASDAQ:CRON) are due to meet on February 21 to vote on the C$2.4B investment by Altria Group (NYSE:MO). Lawyers from Rent-A-Center (NASDAQ:RCII) will be busy filing post-trial briefs on the legal battle with Vintage Capital.

Barclays Industrials Select Conference: The conference arrives at an unsettled time with the China trade deal still up in the air and transportation/logistics stocks bouncing around with an extra dash of volatility. Companies due to present at the event scheduled for February 20-21 include Caterpillar (NYSE:CAT), Cummins (NYSE:CMI), JetBlue (NASDAQ:JBLU), Norfolk Southern (NYSE:NSC), Parker-Hannifin (NYSE:PH), Regal Beloit (NYSE:RBC), Roper Technologies (NYSE:ROP),Sensata Technologies (NYSE:ST), Summit Materials (NYSE:SUM), Textron (NYSE:TXT), United Continental (NASDAQ:UAL), Gardner Denver (NYSE:GDI), Union Pacific (NYSE:UNP), United Technologies (NYSE:UTX), Woodward (NASDAQ:WWD), XPO Logistics (NYSEMKT:XPO), Honeywell (NYSE:HON), Aptiv (NYSE:APTV), C.H. Robinson (NASDAQ:CHRW), Danaher (DHR), Spirit Airlines (NASDAQ:SAVE), Rockwell Automation (NYSE:ROK), CF Industries (NYSE:CF), Johnson Controls (NYSE:JCI), General Dynamics (NYSE:GD), Lear (NYSE:LEA), United Technologies (UTX), J.B. Hunt Transport (NASDAQ:JBHT), Boeing (NYSE:BA), 3M (NYSE:MMM) and Avery Dennison (NYSE:AVY).

Breakfast wars: McDonald’s (NYSE:MCD) introduces Donut Sticks at select restaurant stock across the U.S. on February 20. The direct challenge to Dunkin’ Donuts (NASDAQ:DNKN) and Krispy Kreme by McDonald’s is a limited time battle until the restaurant chain gauges results.

Rocket ride: A SpaceX (SPACE) Falcon 9 rocket is scheduled to launch sometime in the February 21-22 window. The rocket will carry the PSN 6 communications satellite and SpaceIL’s Lunar Lander, which will be the first Israeli spacecraft to travel beyond Earth orbit and the first private lander on the moon.

Box office: Fox’s (NASDAQ:FOXA) Alita: Battle Angel, Warner Bros.’ (NYSE:T) The Lego Movie 2 and Universal’s (NASDAQ:CMCSA) Happy Death Day 2U are all expected to top $20M for the three-day weekend.

Barron’s mentions: Loews (NYSE:L) is called a conglomerate that investors can love due to its big discount to net-asset-value estimates. There is a cautious take on U.S. marijuana operators such as Curaleaf Holdings (OTCPK:CURLF), Acreage Holdings (OTCQX:ACRGF), Green Thumb Industries (OTCQX:GTBIF), MedMen Enterprises (OTCQB:MMNFF), Harvest Health & Recreation (OTCPK:HTHHF), iAnthus (OTCQX:ITHUF) and Trulieve Cannabis (OTCPK:TCNNF). Even though $50B in annual black-market spending could roll into a new consumer goods industry, the path to profitability is seen as rocky. The publication calls out stocks that look attractive in front of a data center boom, with Equinix (NASDAQ:EQIX), CoreSite Realty (NYSE:COR), Iron Mountain (NYSE:IRM) and InterXion Holding (NYSE:INXN) making the list.

Sources: CNBC, Nasdaq, EDGAR, Reuters, Bloomberg

CenturyLink: Don't Head To The Bomb Shelter

The big dividend cut by CenturyLink (CTL) came as a surprise to some shareholders, but my previous research indicated that investors remain focused on free cash flows and EBITDA margins. Whether or not the company uses the cash flows to pay dividends or reduce debt shouldn’t reflect on the stock as the value is in the ability to generate cash on a consistent and hopefully growing basis. Any stock weakness from cutting the dividend and maintaining cash flow targets provides a better entry point in the stock.

CenturyLink logo

Image Source: CenturyLink website

Dividend Slashed

Only last week, Citibank argued that CenturyLink would slash the dividend. Analyst Michael Rollins slapped a $11 price target on the stock making a bearish case around more capital spending and a focus on revenue growth issues.

The negative analyst call was odd considering the telecom had beaten estimates since the new CEO took over to the point that the dividend wasn’t really at question. Regardless, it appears that some investors evidently knew that a cut was on the way or were just wanting to push the stock down so far that the company would cut the dividend.

Along with the Q4’18 earnings report, the Board of Directors made the move to cut the dividend to $1.00, down from $2.16 per share. With the dividend up around 15% and so many analyst questions about the sustainability, a dividend cut wasn’t a huge bombshell.

The likely shock to the investor community is that CenturyLink is having any financial problems that would require a dividend cut. According to CEO Jeff Storey on the Q4’18 earnings call, the move was made purely to de-lever the balance sheet quicker:

However as you saw, we announced today that we plan to reduce the annual dividend to $1 from the current $2.16 per share beginning with the next dividend declaration. This decision is not based upon any concern for the outlook of our business. Our business fundamentals are strong and we believe our free cash flow could sustain the dividend at the prior level through 2019 and beyond. As I said, this change in policy isn’t about a diminished view of our business; it is driven by our view that the long-term interest of shareholders are best served by proactively accelerating, de-levering to a new lower target range of 2.75 to 3.25 times net debt-to-adjusted EBITDA.

Despite these facts, the stock is down over 40% in the last 6 months while the S&P 500 is only slightly down.

Chart

Data by YCharts

In fact, CEO Storey actually hinted at interest rate hike fears as the real reason for slashing the dividend payout to reduce leverage:

By reallocating more of our capital to leverage reduction, we believe, we will improve our cost of capital, return a significant amount of cash to shareholders at a very sustainable payout ratio, and provide additional flexibility to respond to market opportunities and any potential interest rate challenges that may occur. This is not something we did lightly but it is something we firmly believe is in the best long-term interest of our shareholders.

It sure sounds like the FED hiking interest rates in 2018 and the prospects of more hikes in the future caused CenturyLink to reconsider the acceptable leverage ratio.

About Those Cash Flows

A big key to understanding the story here is to look at the FCF progression in 2018. CenturyLink originally guided to FCFs of $3.15 to $3.35 billion for the year.

Source: CenturyLink Q4’17 presentation

The company ended up hitting an incredible $4.25 billion of FCF for the year. Due to a tax refund and other items that amounted to a $500 million bonus in 2018 that won’t repeat this year, the company was clear that the improved cash flows weren’t sustainable in 2019

Regardless, the guidance for 2019 has FCF at $3.10 to $3.40 billion. The most important detail is the capital expenditure guidance.

Source: CenturyLink Q4’18 presentation

A big key here is the capital expenditures of $3.50 to $3.80 billion or roughly 16% of revenues. The company has guided to a long-term target of ~16% of revenues, but CenturyLink didn’t hit those targets in 2018 with capex of only $3.175 billion.

In essence, the 2019 plan includes an ~$500 million boost to capital expenditures in comparison to some of the under spending in 2018. Clearly, the company could further boost cash flows by constraining capex, but the best idea is for CenturyLink to reestablish a higher level of capital spending.

The end result is solid capex spending and a dividend payout of only $1.075 billion with a payout ratio in the 30% range on FCFs of $3.25 billion. In addition, the leverage ratio was already improved by $1.7 billion in debt repayments in 2018 due in part to the extra FCFs last year. The goal of reaching a leverage ratio of 2.75x in ~3 years is another positive sign for the stock.

Source: CenturyLink Q4’18 presentation

Takeaway

The key investor takeaway is that all of the numbers indicate the dividend cut was indeed due to a focus on reducing leverage and improving the capital structure. No indication exists that the cut was due to financial problems out into the future, therefore, the stock is appealing down below $13 with a dividend yield that still sits over 7.5%.

Investors shouldn’t make the mistake of heading to the bomb shelter like with typical dividend cuts.

Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

Disclosure: I am/we are long CTL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

It Might Be Time to Stop Assuming Hotels Are the Best Option for Business Travel

I travel about 75,000 miles a year for business, yet I can’t remember the last time I stayed in a hotel. That may surprise many business travelers, but to me, it’s a relief. I suffered through years of expensive boutiquesor cookie cutter chains, uncomfortable mattresses and terrible breakfasts. Finally I gave up on hotels altogether, and I’ve never looked back.

For several years now, Airbnb has been the secret weaponto my business travel success. There’s an amazing variety of locations, types of lodging, and hosts. I’ve found wonderful places and fascinating people I never would have if I’d stayed in hotels.

1. Feels More Like Home

One of the biggest complaints about business travel is that you don’t have your stuff. It may sound silly, but the stuff and the people are what turns a house into a home. And if you can’t have the people while you’re traveling, at least you can have things more like your own stuff at home. Hotels can be so sterile – or worse yet, unsterile!

2. Cheaper than Hotels

I’ve saved a ton of moneyusing Airbnb instead of hotels. This is especially true for me because I’m willing to stay in a privatebedroom in a shared unit. Even if I weren’t into sharing, Airbnb-ing a fully private unit is often a huge savings over even a modest hotel. Don’t forget to consider a whole house rental for group business travel. It may be closer quarters with your colleagues than you’re used to, but think of it as bonding time. Everyone could still get their own bedroom, and you can save using group transportation and food options.

3. Healthier Eating

In the last 2 years, I’ve lost – and successfully kept off– 54 pounds. One of the benefits of Airbnb is that many units provide a fully functional kitchen, often including staples like salt, pepper, and olive oil. All I had to do was take a quick trip to the grocery store. Then instead of eating bad take out or overindulging at a restaurant, I could cook exactly what I wanted at exactly the calorie count I could afford. No more temptation for midnight room service. It saves calories and money – and you can multiply the savings by making your own lunch, too.

4. Often More Convenient

Business travel can be unpredictable, and often doesn’t leave flexibility for changingdates. So what can you do if you have to go visit a client at the same time as the World Taxidermy & Fish Carving Championships, and every hotel room in Springfield, Illinois, is booked? Airbnb to the rescue. Just like hotels, Airbnb prices go up with demand, but I’ve never had a problemfinding an Airbnb that worked. Sometimes the Airbnb is considerably more convenient to where I need to spend time. I also often save money on parking by avoiding expensive hotel garages.

5. Opens Opportunities – and Eyes

One of the most fun and powerful reasons to use Airbnb is the amazing experience it can provide. While others are isolated in boring hotelsfilled with other businesspeople, you’ll be living among the local people. The hosts can share a great deal about the local way of life, which may be helpful in dealing with your client. The fellow guests, if you have them, often have wonderful stories to tell. For this and all the above reasons, Airbnb makes travel easier and more accessible, which means you can experience even more of this world!

7 Reasons To Start Your Own Company in Your 20s

The traditional narrative for entrepreneurs is a step-by-step process that generally looks something like this:

  1. Get a degree
  2. Get a job
  3. Build a network
  4. Save some “seed capital”
  5. Start your business

The assumption is that you’ll be ready to launch your startup in your 30s or 40s. Or maybe your 50s because, well…, kids.

Now, I don’t want to burst any happy bubbles for those of you who are already treading the traditional pathway, but that traditional narrative no longer makes much sense because over the past two decades, big corporations, big academia, and big corporatist government have rigged the business world so that the longer you wait to start your own company, the less likely you are to be successful. 

Because of this, young entrepreneurs (Millennials and Gen-Zers) should launch their startups immediately rather than waiting until they’ve got a degree and some experience. Here’s why:

1. College has become increasingly irrelevant.

If you already know you’re going to be an entrepreneurs, college is a waste of time. Business colleges are so out of touch that very few teach sales skills–the most important business skill for any entrepreneur. B-schools are also notorious repositories of wannabee entrepreneurs spouting clouds of fluffy biz-blab. Furthermore, colleges are always a decade behind the real world in technical skills and technology. Example: almost all computer animation college programs lack even a single class on real-time animation, the most important new technology in that industry.

2. College has become absurdly expensive.

How many thousands of times have you read about recent college graduates who can’t get a decent job in their field but are nonetheless saddled with tens of thousands of dollars in student debt? By contrast, how many times have you heard successful entrepreneurs say: “wow, I’m sure glad I graduated from college…”? Like never, right? Look, if you’re going to spend yourself $50,000 into debt, do you want to end up with a useless, but largely symbolic degree? Or do you want to own a business that cost $50,000 to start?

3. College doesn’t impress recruiters anyway.

Let’s suppose you want to start your own business but you’re banking on your college degree as a backup plan… as in “I’ll give this startup my best shot but if I fail I can get use my degree to get a job.” Well, IMHO, if you’re thinking that way, you’re setting yourself up to fail as an entrepreneur, but whatever. Let’s suppose it’s a reasonable plan. Hate to tell you, but recruiters are far more impressed by an effort to start your own company than whatever cookie-cutter degree you managed to eke out of the college system. Even fancy Ivy League degrees don’t have much cachet any longer.

4. Employers hire contractors not employees.

According to a recent study conducted by Allison & Taylor Reference Checking, “the current growth of freelancing is estimated to be three times faster than that of the traditional workforce, with approximately 47% of working millennials now working in some freelance capacity.  At the current growth rate, the majority of the U.S. workforce will freelance by 2027.” Freelance positions lack benefits and pay less, thus making it more difficult to put aside the money you’ll need to start your business. Can you spell “dead end street,” boys and girls?

5. Employers legally limit your options.

You may think you’re gaining valuable experience and contacts that you can use to launch your own business, but chances are that your employee agreement or “work for hire” agreement vastly limits your ability to use whatever you’ve learned. You might launch your business and find yourself at the short end of a lawsuit, from a company that can afford an entire staff of lawyers to make sure you’re properly crushed.

6. Resumes don’t impress investors.

Investors don’t give a rodent’s posterior about your college experience. They also don’t value your work experience much more than that, unless what you were doing was directly relevant to building and running the company you’re envisioning. Investors want people who’ve successfully started their own businesses or, at the very least, somebody who’s gained the valuable experience of starting a business that didn’t pan out.

7. Exuberance is a limited resource.

You may think all those long hours and hard work working for somebody else is preparing you for the long hours and hard work you’ll need to make your startup successful. But you’d think wrong. Their plan is to burn through your youthful energy and enthusiasm until you’re an empty husk. Even if you keep your spirits up and your body in tip-top shape while they try to suck you dry, as you get older, you will INEVITABLY find it more difficult to summon extra oomph. Far better to expend your youthful exuberance making your own business a success, rather than lining someone else’s pockets, right?.

Tesla rolls out 'sentry mode' safety feature

FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

(Reuters) – Elon Musk’s Tesla Inc on Wednesday launched a safety feature called “sentry mode” for its electric cars, as it attempts to make its vehicles more attractive to buyers.

The feature will be compatible with U.S. Model 3 vehicles, followed by Model S and Model X vehicles that were manufactured after August 2017, the electric carmaker said.

When enabled, the “sentry mode” monitors the environment around an unattended car and uses the vehicle’s external cameras to detect potential threats, according to Tesla’s blog here

A minimal threat will be detected if anyone leans on the car, triggering a message on the touchscreen and warning that its cameras are recording.

For a more severe threat, like someone breaking a window, the mode activates the car alarm, increases the brightness of the center display, plays loud music and alerts owners on their Tesla mobile app.

The United States had 773,139 motor vehicles stolen in 2017 – the highest since 2009, according to data from the U.S. Federal Bureau of Investigation. here

Last week, Tesla lowered the price of its Model 3 sedan for the second time this year to make its cars more affordable for U.S. buyers. The Palo Alto, California-based company has been cutting costs as it looks to turn in profit this year.

Reporting by Sanjana Shivdas in Bengaluru, Editing by Sherry Jacob-Phillips

Japanese self-drive cars map developer to buy rival U.S. startup for $200 million

(Reuters) – Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market.

Dynamic Map Platform counts Japan’s Toyota Motor, Nissan and Honda among its investors, while Ushr provides 3D mapping data to General Motors.

The move comes as the Japanese car makers seek to challenge Alphabet Inc’s Google and Chinese rivals in the mapping business.

For the acquisition, Dynamic Map Platform said it would raise a combined 22 billion yen ($198.9 million) from investors including two existing shareholders – the Japanese state-backed INCJ fund and Mitsubishi Electric.

“Through the combination, we will be able to offer automotive OEMs a comprehensive high-definition mapping solution for the North American and Japanese markets, with the ability to expand globally in the future,” Tsutomu Nakajima, the head of Dynamic Map Platform, said in a statement.

Reporting by Rashmi Ashok in Bengaluru and Makiko Yamazaki in Tokyo; Editing by Stephen Coates and Muralikumar Anantharaman

Elon Musk's Dumb Lie About Smart Cars

I have too much respect for Elon Musk to think that he really believes that, because there’s not the slightest sign that we are anywhere close to that level of automated driving. Therefore I must very reluctantly conclude that he’s intentionally misleading the public.

I’ll speculate on his reasons for surfacing this whopper at the end of this column. Meanwhile, Musk isn’t the only one who’s overplaying his hand on full automation. It’s endemic to the automobile industry, most of which has adopted this “sliding scale” model of how automation will come about:

0. No automation. Driver does everything.

1. Driver assistance. Standard cruise control.

2. Partial automation. Cruise control with lane changing, ability to parallel park and other easily defined, predictable driving behaviors.

3. Conditional automation. Self-driving; system hands control to human when needed.

4. High automation. Self-driving; system hands control to human when needed but overrides dumb human decisions.

5. Full automation. You can bunk out in the back seat when you leave, and wake up when you arrive.

Described in this way, full automation seems like merely an extension of technologies that are already working. We’re now at stage 2 and moving to stage 3, it follows that eventually we’ll make the human driver redundant.

However, when you get outside the bubble of AI hucksters and talk to experts in automation and transportation, a different story emerges. A recent ThinkProgress article provides some excellent examples:

  • “Taking me from Cambridge to Logan Airport with no driver in any Boston weather or traffic condition — that might not be in my lifetime.” — John Leonard, VP for automated driving research at the Toyota Research Institute.

  • “Recent Uber and Tesla autonomous vehicle deaths show general use of real self-driving is a decade away. The tech still needs orders of magnitude improvement.” — Michael Liebreich, the former chair of Bloomberg New Energy Finance (BNEF)

And most damning of all:

  • “Despite several decades of automation in aviation, airliners will have human pilots for the foreseeable future. Streets and highways are much more variable and unpredictable than airways, and predictions that the streets will be filled with large numbers of autonomous vehicles within a few years are ignoring not only the lessons of automation history, but also the numerous additional challenges that will be faced on the ground.” — Christopher Hart, former chair of the National Transportation Safety Board (NTSB)

That last quote is the big buzz-kill because proponents of self-driving cars frequently and loudly cite the example of auto-piloted airplanes as evidence that driverless cars are  practical.

In fact, as Hart points out, the current state of avionics automation argues the opposite–that a human pilot is still necessary even when traveling mostly involves traversing a vast empty space.

Rather than a sliding scale of incremental improvement, car automation is better represented by a chasm that’s yet to bridged, like so:

0. No automation. Driver does everything.

1. Driver assistance. Standard cruise control.

2. Partial automation. Cruise control with lane changing, ability to parallel park and other easily defined, predictable driving behaviors.

3. Automation. Self-driving; system hands control to human when needed.

4. High automation. Self-driving; system hands control to human when needed but overrides a dumb human decision.

5. Full automation. You can bunk out in the back seat when you leave and wake up when you arrive.

The myth that driverless cars are just around the corner would just be annoying hype were it not for the fact that the hype is influencing public policy and infrastructure investment. 

Similarly, truck drivers and teamsters are now being told that they’ll soon be replaced by driverless vehicles. Believing this, they’re likely to focus on simply keeping their own jobs rather than working to change the real danger, which is the erosion and elimination of compensation and benefits by an unregulated, non-union gig economy.

Which lead me to why I think Elon Musk is making a prediction that he probably knows to be untrue. Simply put, he’s trying to convince people to buy more Teslas so that they can be on the cutting edge of a driving revolution that will never take place.

And that’s dumb because eventually people will notice that driverless cars aren’t happening. Even worse, this driverless car nonsense is distracting consumers from the real reason to buy an electronic car, which is that the internal combustion engine is helping make the planet uninhabitable.

As I see it, Musk’s vision for the future has a lot going for it. A car that runs on stored solar power would be a huge boon to humankind. Musk doesn’t need to spout fictions about full automation that’s just not going to happen.

Thailand launches Huawei 5G test bed, even as U.S. urges allies to bar Chinese gear

BANGKOK (Reuters) – Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks.

FILE PHOTO: A Huawei 5G device is pictured outside an exhibition in Bangkok, Thailand, January 30, 2019. REUTERS/Athit Perawongmetha

Huawei, the world’s top producer of telecoms equipment and second-biggest maker of smartphones, has been facing mounting international scrutiny amid fears China could use its equipment for espionage, a concern the company says is unfounded.

The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia.

Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch.

“We keep a close watch on the allegations worldwide. However, this 5G test bed project is a testing period for the country,” Pichet added. “We can make observations which will be useful to either confirm or disconfirm the allegations.”

Pichet was speaking at the test site in Chonburi, the heart of the Thai military government’s $45 billion economic project – the Eastern Economic Corridor (EEC)- about 90 km southeast of Bangkok. Vendors like Nokia, Ericsson and Thai telecoms operators have also set up 5G labs at the site.

Huawei, which gets nearly half of its revenue from outside China, says it has secured more than 30 commercial 5G contracts globally. But it has not yet signed a 5G contract in Thailand.

Huawei is in talks with telecoms operators, such as Advanced Info Service Pcl and TRUE, to secure local partnerships ahead of a national rollout scheduled for December 2020, industry sources with knowledge of the matter said.

Asked if the United States had reached out to Thailand about barring Huawei, Pichet said: “I have no knowledge of that”.

U.S. embassy spokesperson in Bangkok said the United States “advocates for secure telecoms networks and supply chains that are free from suppliers subject to foreign government control or undue influence that poses risks of unauthorized access and malicious cyber activity”.

“We routinely urge allies and partners to consider such risks and exercise similar vigilance in ensuring the security of their own telecoms networks and supply chains, including when awarding contracts,” the spokesperson added.

Huawei representatives at the test bed site declined to comment as they were not authorized to speak to media.

Ties between the United States and Thailand have cooled since the Thai military took power in a 2014 coup. Relations between Bangkok and Beijing, on the other hand have, warmed in recent years as evident from a pick up in defense trade and Chinese investment in the Southeast Asia nation.

BUSINESS AS USUAL

Huawei has previously set up a cloud data center worth $22.5 million in Thailand’s EEC, a centerpiece of the government’s policy to boost growth in the country that has struggled to attract foreign investors besides the Chinese.

Alibaba, Tencent, Kingsoft and JD.com have also pledged to invest in the EEC.

This stands in stark contrast to the intense scrutiny being faced by Chinese investment in other parts of the world amid a crippling Sino-U.S. trade war.

Reuters reported exclusively on Jan. 30 that the European Commission was considering proposals that would ban Huawei from 5G networks, but that work was at an early stage.

Slideshow (2 Images)

For Thailand, security concerns over Huawei’s equipment come second to its competitive pricing versus that by U.S. firms, said Pranontha Titavunno, Chairman of the Information Technology Industry Club of the Federation of Thai Industries.

“We don’t think about it because their products are decent and affordable,” Pranontha told Reuters.

“There are always surveillance concerns when it comes to China … But Thailand doesn’t really have anything exciting that might be of interest to Beijing.”

Reporting by Patpicha Tanakasempipat; Editing by Jonathan Weber and Himani Sarkar

The Next Era of Innovation Will Emphasize Privacy and Individualization, Report Says

Over the next three years, companies will give consumers more control over their data, privacy, and how they interact with products and services, according to a new report.

“Companies are amassing tremendous amounts of information about consumers,” said Paul Daugherty, Accenture’s chief technology and innovation officer. “The key thing for companies to think about is just because you can do something doesn’t mean you should do something.”

The insight comes from Accenture’s Technology Vision 2019 report released on Thursday. The annual report predicts key technology trends that will redefine business over the next three years.

Successful brands will have to build trusted relationships with consumers, the report says, and that includes providing transparency and giving consumers control of their data. If consumers trust a brand, they’re more likely to offer up even more data in exchange for a better experience—thus continuing the cycle of improving the product or service and growing the business.

Given recent privacy and data breach blunders from big technology companies like Google and Facebook, industries facing less heat over privacy may have a leg up in developing these deeper relationships. For example, insurance or financial services companies could ask their customers for permission to track more things about them, like the number of steps they take daily or their spending habits, to provide more customized offerings.

“This next generation [of innovation] is not going to be led by just technology companies,” said Michael Biltz, managing director of Accenture’s report. “It’s going to be led by all of these companies that have transformed themselves into digital businesses.”

While in recent years, technology companies have led the way in developing more personalized services, they have served as the “canaries in the coal mines,” said Daugherty. Through their mistakes, tech companies have shown other industries what not to do when it comes to handling consumer data. As a result, they left room for old-line industries to leverage their better relationship with consumers to introduce data-dependent products. Tech companies may have a harder time convincing their users to give up their personal information for similar services.

And though Accenture supports federal data privacy regulation, future innovation likely will be dependent on self-regulation, as laws struggle to keep up with advances in technology.

Here are all five trends outlined in the report:

  • The power of DARQ: Companies must understand and take advantage of distributed ledgers like blockchain, artificial intelligence, extended reality (a catchphrase for virtual and augmented reality), and quantum computing (a nascent technology that promises faster data crunching).
  • Get to know me: Understand more about consumers using the data trail they leave online to better develop personalized experiences as a way to unlock new business opportunities.
  • Human + worker: Companies of all kinds should redefine employee roles to take into account new technologies like artificial intelligence.
  • Security first: Businesses will have to recognize they are the conduit for data breaches rather than victims. They’ll have to be diligent about not just protecting of their internal and customer data, but also that of their partners and vendors.
  • Meet consumers now: Capitalizing on “momentary markets,” or markets that spring up and then vanish, will be critical. Successful companies will have to move quickly and take advantage of the on-demand economy and growing expectations by consumers for customization.