Posts Tagged technology
To the Nobel Peace Prize winner Muhammad Yunus, the Arab Spring was an expression of frustration by young people in the region of how little change was happening in their societies. He tells Arabic Knowledge@Wharton his advice to young demonstrators in the Arab world, and elsewhere, is to take responsibility for seeing that change happen.
“Young people see solutions are possible, they see a new life is possible. The old generation is still looking at the traditional way of handling everything. And that is the mismatch that will cause more problems. In 20 years from now the world will be completely different, because of that wave of technology, because of that wave of regeneration coming in.
“Just go ahead, take responsibility and make it happen. They will appreciate you for it. They’re not your enemies. Simply they don’t feel you are mature enough to handle that. Show them you are. It’s like any parent and their kids; they’ll treat them that way even if they are grown up. Not only have you grown up, you have much more experience and ideas than they do, in this short time, because your speed is much faster than theirs.”
Read the full story here: http://bit.ly/KZcDBN
Currently, 90% of the national wireless market is controlled by four carriers, respectively: Verizon, AT&T, Sprint Nextel, and T-Mobile. The Justice Department’s suit was produced in defense of consumer choice; claiming that the merging of the 2nd and 4th largest- and rival- carriers would eliminate options and allow the process of monopolizing the market.
However, Wharton Professor Emeritus of Business and Public Policy and former chief economist at the Federal Communications Commission and AT&T executive Gerald Faulhaber is not entirely convinced of the DOJ’s conclusion. In a paper composed by Faulhaber and Oxford and Navigant economists, evidence distributed by the Bureau of Labor Statistics suggested that small carriers were, in fact, able to compete with the Big Four. Faulhaber went on to state that “in the meantime, nobody knows what the rules are. Competition switches from customers to the regulator.”
Read the story here: http://onforb.es/o15V0Q