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CIBC’s Victor Dodig warns about global debt levels; urges Canada to prepare

Who/Where/Occasion: CIBC's CEO Victor Dodig, in a speech to the Empire Club

* alarm over rising global debt levels, warning that Canada needs to start preparing now for the next economic shock.
* some of the most acute threats to the global economy are beyond this country’s control, but cautioned Canadians not to get too comfortable while times are good.
* developing problems could ripple through interwoven financial markets around the world.
* “It sounds counterintuitive, but that same debt that helped the world recover is actually infusing risk into the global financial system today," ...“I think there’s a real serious global challenge of this low-interest-rate party developing a big hangover."

* clarify rules around foreign direct investment, which is falling in Canada. The main culprit is the uncertainty plaguing large business deals that require approval from Ottawa under opaque foreign-investment rules – and he cites the turmoil surrounding the Trans Mountain pipeline expansion as an example.
* more immigration to Canada, asking the government – which has already set higher immigration targets for the coming years – to open its arms even wider.
* governments and employers to work more closely with universities and colleges to match the skills graduates have to employers' needs, promoting what are known as the STEM disciplines – science, technology, engineering and math – as well as skilled trades.
* remove interprovincial trade barriers.
* allow companies to expense capital investments within one year to be more competitive with U.S. rules.

My Takeaways:
beyond_one's_control  CEOs  CIBC  complacency  debt  FDI  global_economy  interconnectedness  interest_rates  opacity  pipelines  preparation  resilience  speeches  uncertainty  Victor_Dodig  war_for_talent  threats 
12 weeks ago by jerryking
Element Hiding Techniques in CSS
Hiding HTML elements from CSS is not a big deal; we do it instinctively until we learn accessibility and find a fundamental difference.
fridayfrontend  accessibility  cssbasics  hidden  display  visibility  opacity  screenreaders  position  clip-path 
august 2018 by spaceninja
How Financial Products Drive Today’s Art World
July 20, 2018 | The New York Times | By Scott Reyburn.

How does one invest in art without going through the complications of buying and owning an actual artwork?

That is the question behind financial products for investors attracted by soaring art prices but intimidated by the complexity and opacity of the market..... entrepreneurs are trying to iron out the archaic inefficiencies of the art world with new types of financial products, particularly the secure ledgers of blockchain...... “More transparency equals more trust, more trust equals more transactions, more transactions equals stronger markets,” Anne Bracegirdle, a specialist in the photographs department at Christie’s, said on Tuesday at the auction house’s first Art & Tech Summit, dedicated to exploring blockchain......blockchain’s decentralized record-keeping could create a “more welcoming art ecosystem” in which collectors and professionals routinely verify the authenticity, provenance and ownership of artworks on an industrywide registry securely situated in the cloud...... blockchain has already proved to be a game-changer in one important area of growth, according to those at the Christie’s event: art in digital forms.

“Digital art is a computer file that can be reproduced and redistributed infinitely. Where’s the resale value?”.....For other art and technology experts, “tokenization” — using the value of an artwork to underpin tradable digital tokens — is the way forward. “Blockchain represents a huge opportunity for the size of the market,” said Niccolò Filippo Veneri Savoia, founder of Look Lateral, a start-up looking to generate cryptocurrency trading in fractions of artworks.

“I see more transactions,” added Mr. Savoia, who pointed out that tokens representing a percentage of an artwork could be sold several times a year. “The crypto world will bring huge liquidity.”......the challenge for tokenization ventures such as Look Lateral is finding works of art of sufficient quality to hold their value after being exposed to fractional trading. The art market puts a premium on “blue chip” works that have not been overtraded, and these tend to be bought by wealthy individuals, not by fintech start-ups.....UTA Brant Fine Art Fund, devised by the seasoned New York collector Peter Brant and the United Talent Agency in Los Angeles.

The fund aims to invest $250 million in “best-in-class” postwar and contemporary works,...Noah Horowitz, in his 2011 primer, “Art of the Deal: Contemporary Art in a Global Financial Market,”.... funds, tokenization and even digital art are all investments that don’t give investors anything to hang on their walls.

“We should never forget that in the center of it all is artists,”
art  artists  art_advisory  art_authentication  art_finance  auctions  authenticity  best_of  blockchain  blue-chips  books  Christie's  collectors  conferences  contemporary_art  digital_artifacts  end_of_ownership  fin-tech  fractional_ownership  game-changing  investing  investors  opacity  post-WWII  provenance  scarcity  tokenization  collectibles  replication  alternative_investments  crypto-currencies  digital_currencies  currencies  virtual_currencies  metacurrencies  art_market 
july 2018 by jerryking
Bigs & Littles
interesting demo of transparency effect of overlaid characters using css opacity
webdesign  web  design  type  effect  character  alphabet  letters  opacity  overlay  transparent  transparency 
march 2018 by piperh
What No One Told You About Z-Index — Philip Walton
explanation of unexpected consequence of opacity less than 1 - it creates a new stacking context for the element
webdesign  web  design  css  stacking  context  z-index  order  opacity 
march 2018 by piperh
Featured — Macarena Gómez-Barris
"Opacity = Radical Potential: An Interview with Julie Mehretu
Macarena Gómez-Barris | University of Southern California"

[also here: http://hemi.nyu.edu/journal/11.2/mehretu/interview.html ]
macarenagómez-barris  juliemehretu  opacity  visibility  radicalism  germany  us  ethiopia  a  architecture  space 
january 2018 by robertogreco
How to Set the Opacity of a DIV Background Using CSS | Mike's Draft Article Bin
the smoked or glass effect -- it's the ability to set the opacity or transparency of a background of an overlaying div using CSS. Y
css  transparency  opacity 
september 2017 by dtg
The REST Architectural Style List - Yahoo Groups
"since several people have said that
REST implies opaqueness in the URI, my guess is that a legend
has somehow begun and I need to put it to rest (no pun intended).

REST does not require that a URI be opaque. The only place where
the word opaque occurs in my dissertation is where I complain about the
opaqueness of cookies. In fact, RESTful applications are, at all times,
encouraged to use human-meaningful, hierarchical identifiers in order
to maximize the serendipitous use of the information beyond what is
anticipated by the original application.

It is still necessary for the server to construct the URIs and for the
client to initially discover those URIs via hypertext responses, either
in the normal course of creating the resource or by some form of query
that results in a hypertext list. However, once that list is provided,
people can and do anticipate the names of other/future resources in
that name space, just as I would often directly type URIs into the
location bar rather than go through some poorly designed interactive
multi-page interface for stock charts.

Sites that rely on interstitial advertising (like the annoying yahoo
groups interface) do not like it when user's avoid the indirect path,
but the social network-effect of the Web is enhanced by meaningful URI.
In general, sites that give meaningful URI are used more often.

It also helps prevent the "lost in hyperspace" syndrome, but that's
a separate issue."
rest  apis  design  urls  opacity  opaque 
june 2017 by earth2marsh

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