Israel Journal: Is Yossi Vardi a good father to his entrepreneurial children?

Thursday, December 20, 2007

Wikinews reporter David Shankbone is currently, courtesy of the Israeli government and friends, visiting Israel. This is a first-hand account of his experiences and may — as a result — not fully comply with Wikinews’ neutrality policy. Please note this is a journalism experiment for Wikinews and put constructive criticism on the collaboration page.

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Dr. Yossi Vardi is known as Israel’s ‘Father of the Entrepreneur’, and he has many children in the form of technology companies he has helped to incubate in Tel Aviv‘s booming Internet sector. At the offices of Superna, one such company, he introduced a whirlwind of presentations from his baby incubators to a group of journalists. What stuck most in my head was when Vardi said, “What is important is not the technology, but the talent.” Perhaps because he repeated this after each young Internet entrepreneur showed us his or her latest creation under Vardi’s tutelage. I had a sense of déjà vu from this mantra. A casual reader of the newspapers during the Dot.com boom will remember a glut of stories that could be called “The Rise of the Failure”; people whose technology companies had collapsed were suddenly hot commodities to start up new companies. This seemingly paradoxical thinking was talked about as new back then; but even Thomas Edison—the Father of Invention—is oft-quoted for saying, “I have not failed. I have just found ten thousand ways that won’t work.”

Vardi’s focus on encouraging his brood of talent regardless of the practicalities stuck out to me because of a recent pair of “dueling studies” The New York Times has printed. These are the sort of studies that confuse parents on how to raise their kids. The first, by Carol Dweck at Stanford University, came to the conclusion that children who are not praised for their efforts, regardless of the outcome’s success, rarely attempt more challenging and complex pursuits. According to Dweck’s study, when a child knows that they will receive praise for being right instead of for tackling difficult problems, even if they fail, they will simply elect to take on easy tasks in which they are assured of finding the solution.

Only one month earlier the Times produced another story for parents to agonize over, this time based on a study from the Brookings Institution, entitled “Are Kids Getting Too Much Praise?” Unlike Dweck’s clinical study, Brookings drew conclusions from statistical data that could be influenced by a variety of factors (since there was no clinical control). The study found American kids are far more confident that they have done well than their Korean counterparts, even when the inverse is true. The Times adds in the words of a Harvard faculty psychologist who intoned, “Self-esteem is based on real accomplishments. It’s all about letting kids shine in a realistic way.” But this is not the first time the self-esteem generation’s proponents have been criticized.

Vardi clearly would find himself encouraged by Dweck’s study, though, based upon how often he seemed to ask us to keep our eyes on the people more than the products. That’s not to say he has not found his latest ICQ, though only time—and consumers—will tell.

For a Web 2.User like myself, I was most fascinated by Fixya, a site that, like Wikipedia, exists on the free work of people with knowledge. Fixya is a tech support site where people who are having problems with equipment ask a question and it is answered by registered “experts.” These experts are the equivalent of Wikipedia’s editors: they are self-ordained purveyors of solutions. But instead of solving a mystery of knowledge a reader has in their head, these experts solve a problem related to something you have bought and do not understand. From baby cribs to cellular phones, over 500,000 products are “supported” on Fixya’s website. The Fixya business model relies upon the good will of its experts to want to help other people through the ever-expanding world of consumer appliances. But it is different from Wikipedia in two important ways. First, Fixya is for-profit. The altruistic exchange of information is somewhat dampened by the knowledge that somebody, somewhere, is profiting from whatever you give. Second, with Wikipedia it is very easy for a person to type in a few sentences about a subject on an article about the Toshiba Satellite laptop, but to answer technical problems a person is experiencing seems like a different realm. But is it? “It’s a beautiful thing. People really want to help other people,” said the presenter, who marveled at the community that has already developed on Fixya. “Another difference from Wikipedia is that we have a premium content version of the site.” Their premium site is where they envision making their money. Customers with a problem will assign a dollar amount based upon how badly they need an answer to a question, and the expert-editors of Fixya will share in the payment for the resolved issue. Like Wikipedia, reputation is paramount to Fixya’s experts. Whereas Wikipedia editors are judged by how they are perceived in the Wiki community, the amount of barnstars they receive and by the value of their contributions, Fixya’s customers rate its experts based upon the usefulness of their advice. The site is currently working on offering extended warranties with some manufacturers, although it was not clear how that would work on a site that functioned on the work of any expert.

Another collaborative effort product presented to us was YouFig, which is software designed to allow a group of people to collaborate on work product. This is not a new idea, although may web-based products have generally fallen flat. The idea is that people who are working on a multi-media project can combine efforts to create a final product. They envision their initial market to be academia, but one could see the product stretching to fields such as law, where large litigation projects with high-level of collaboration on both document creation and media presentation; in business, where software aimed at product development has generally not lived up to its promises; and in the science and engineering fields, where multi-media collaboration is quickly becoming not only the norm, but a necessity.

For the popular consumer market, Superna, whose offices hosted our meeting, demonstrated their cost-saving vision for the Smart Home (SH). Current SH systems require a large, expensive server in order to coordinate all the electronic appliances in today’s air-conditioned, lit and entertainment-saturated house. Such coordinating servers can cost upwards of US$5,000, whereas Superna’s software can turn a US$1,000 hand-held tablet PC into household remote control.

There were a few start-ups where Vardi’s fatherly mentoring seemed more at play than long-term practical business modeling. In the hot market of WiFi products, WeFi is software that will allow groups of users, such as friends, share knowledge about the location of free Internet WiFi access, and also provide codes and keys for certain hot spots, with access provided only to the trusted users within a group. The mock-up that was shown to us had a Google Maps-esque city block that had green points to the known hot spots that are available either for free (such as those owned by good Samaritans who do not secure their WiFi access) or for pay, with access information provided for that location. I saw two long-term problems: first, WiMAX, which is able to provide Internet access to people for miles within its range. There is already discussion all over the Internet as to whether this technology will eventually make WiFi obsolete, negating the need to find “hot spots” for a group of friends. Taiwan is already testing an island-wide WiMAX project. The second problem is if good Samaritans are more easily located, instead of just happened-upon, how many will keep their WiFi access free? It has already become more difficult to find people willing to contribute to free Internet. Even in Tel Aviv, and elsewhere, I have come across several secure wireless users who named their network “Fuck Off” in an in-your-face message to freeloaders.

Another child of Vardi’s that the Brookings Institution might say was over-praised for self-esteem but lacking real accomplishment is AtlasCT, although reportedly Nokia offered to pay US$8.1 million for the software, which they turned down. It is again a map-based software that allows user-generated photographs to be uploaded to personalized street maps that they can share with friends, students, colleagues or whomever else wants to view a person’s slideshow from their vacation to Paris (“Dude, go to the icon over Boulevard Montmartre and you’ll see this girl I thought was hot outside the Hard Rock Cafe!”) Aside from the idea that many people probably have little interest in looking at the photo journey of someone they know (“You can see how I traced the steps of Jesus in the Galilee“), it is also easy to imagine Google coming out with its own freeware that would instantly trump this program. Although one can see an e-classroom in architecture employing such software to allow students to take a walking tour through Rome, its desirability may be limited.

Whether Vardi is a smart parent for his encouragement, or in fact propping up laggards, is something only time will tell him as he attempts to bring these products of his children to market. The look of awe that came across each company’s representative whenever he entered the room provided the answer to the question of Who’s your daddy?

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US automaker bailout deal fails to pass Senate

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

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Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

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Amsterdam pet shop owner creates beer for dogs

Thursday, January 25, 2007

 Correction — February 8, 2007 Terrie Berenden’s pet shop is located in the town of Zelhem, not Amsterdam as stated in the article & title. Zelhem is approximately 135 km (85 miles) from Amsterdam 

A woman in The Netherlands who uses her dogs to hunt in Austria has decided to give her dogs a new kind of treat: beer.

Terrie Berenden, a woman who owns a pet shop in Amsterdam, created a non-alcoholic beer for her dogs which is made from malt and a beef extract. The beer is called Kwispelbier (‘kwispelen’ means “wagging of a [dog’s] tail” in Dutch), and was put onto shelves just last week.

“Once a year we go to Austria to hunt with our dogs, and at the end of the day we sit on the verandah and drink a beer. So we thought, my dog also has earned it,” said Berenden.

According to Berenden, owners can enjoy the new beer as well, but she also stated that it will cost owners about four times as much to drink the beer than to buy a ‘human beer.’ A bottle of the dog beer sells at about $2.14.

The slogan for the new dog beer is “a beer for your best friend” and Brenden hopes that the product will grab international attention. Requests for the beer are already coming from the United States, England and Japan.

“We are overwhelmed with it. From America, England and Japan we have (received) mail and we are just going to think about it, how we can bring it on the market there,” said Brenden.

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Assyrian Chaldean Syrian Wedding Traditions

By Rafi Michael

The wedding starts a night before (usually Friday) in the groom’s house where a small party is held known as (khyapta d khitna) or shower of the groom. Food and drinks are served.

Usually this party is small and only the closest relatives and friends are invited to the shower.

As a tradition, the bride is not invited to the little gathering, reason being is for the bride to rest well and is not allowed to see the groom until the next day.

The party Starts by playing some Assyrian Chaldean music till the time of the shower, the groom is taken by his best man to the bathroom to get the last shower before his wedding however, as another tradition, a little boy, normally the ring boy, must be showered before the groom.

After the young boy and the groom have showered, the music, dance, drinks and food serving continues until the late hours.

[youtube]http://www.youtube.com/watch?v=a5twCIqoGcU[/youtube]

The wedding day (often Saturday) starts by both the groom’s family preparing to go over to the bride’s house and take her to church. As the groom’s family is preparing, the photographer captures pictures of the groom and his ushers as they are getting ready.

The photographer also video tapes and takes pictures as the groom gives away little corsages to his family members, cousins and close friends, when that is done, they all dance in celebration of the special day. The groom and his ushers go to church and wait for the arrival of the Bride, his family, cousins, and close friends go to the Bride’s house to take her to church. Similarly to what happened in Groom’s house happens in Bride’s house as soon as the Groom’s family arrives.

Early in the day, the Bride and her maids start their day by fixing their hair, putting their make up and wearing their dresses, the Photographer arrives and captures pictures of the bride and her maids in their beautiful dresses.

The Groom’s family arrives at the Bride’s house. The bride gives away little corsages to her family and takes pictures with everyone to cherish those memories. When time comes to leave to church, the Groom’s family start singing and as they are taking the bride, normally, one member of bride’s family will stand by the door and not let the bride leave unless someone from the groom’s family pays the amount they asked for, as soon as the amount requested is given, than the bride is let out and off to church they all go. In church, the bride’s father or brother or uncle normally walks her down the isle and gives her away to the groom. As the wedding ceremony is done, bride and groom with ushers and maids of honor all go to a park to take more pictures that they would look back at and remember the wonderful day they tight the knot.

Assyrian Chaldean Syrian wedding receptions are often held in banquet halls. The halls vary in size depending on the number of wedding guests, which usually have upward of three or four hundred guests. Usually Assyrian Chaldean weddings are hosted and put on by the groom’s family.

As the guests arrive, appetizers are served. As soon as the groom and bride arrive in the hall, most of the guests and family members prepare for the grand entrance of the bride and groom by waiting at the doors with their Yalekhta.

Assyrian Chaldean Syrian weddings have many unique symbols and one of them is Yalekhta, which is a piece of thin, see through, square shaped fabric decorated by many little different beads that make it look very unique and fancy; the more of these yalekhta we have, the nicer the wedding looks.

We also have a cane, which is covered by white fabric and decorated by white pearls normally used by the person leading the Assyrian Chaldean dance. The grand entrance starts by having the last pair of usher and maid of honor enter the hall first, with a lot of music and people cheering, the rest of the couples enter one couple at a time and finally the bride and groom enter and everyone starts cheering louder and dance until they reach their table.

As the groom, bride and the rest of the group settle, everyone else starts dancing to the Assyrian Chaldean Syrian music, which is normally the regular Assyrian Chaldean dance. The dance is a long line of people holding each other’s hands and simply dancing around, usually one person leading everyone else. Soft music is played throughout dinner.

After dinner everyone is welcomed by a member of the bride’s family and a member of the groom’s family on the families’ behalf.

Toasts are made and the wedding proceeds with more dancing and drinking until late night hours. At the end of the wedding, instead of presenting gifts to the groom and bride, it is a tradition to pay money, because it is understood to be more useful than gifts, they can purchase what they desire with that money. Paying the money is called subkhta.

About the Author:

Babylon Productions Wedding Centre – Assyrian Chaldean Syrian Wedding Photographer

Source:

isnare.com

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Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

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Ontario Votes 2007: Interview with Family Coalition Party candidate Kristen Monster, Willowdale

Wednesday, October 3, 2007

Kristen Monster is running for the Family Coalition Party in the Ontario provincial election, in the Willowdale riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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US automaker bailout deal fails to pass Senate

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

HAVE YOUR SAY
Did the Senate do the right thing in rejecting the bailout plan?
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Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

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American singer Johnny Maestro dies at 70

Friday, March 26, 2010

American singer Johnny Maestro died of cancer Wednesday at his home in Cape Coral, Florida. Maestro was best known for his 1958 hit song “16 Candles” with The Crests.

He began his career in the 1950s as lead singer for The Crests, an early interracial singing group. In 1968 he joined his band, The Del-Satins, with The Rhythm Method, another Long Island band. They became Johnny Maestro & The Brooklyn Bridge. Their song “The Worst That Could Happen” went gold in 1969. Maestro performed with The Brooklyn Bridge until two months before his death.

He was born on the Lower East Side of Manhattan on May 7, 1939 as John Mastrangelo. He is survived by his wife Grace and three children Lisa, Brad, and Tracy.

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Peter Capaldi named twelfth Doctor Who

Tuesday, August 6, 2013

On Sunday Peter Capaldi was named as the twelfth Doctor on BBC’s Doctor Who. The announcement was made as part of a live broadcast by the BBC.

Capaldi had been considered by executive producer Steven Moffat for the role of the eleventh doctor before Matt Smith was ultimately chosen. The role became vacant after Smith announced earlier this year that he would be leaving the show. Capaldi said of his selection for the role, “Being asked to play the Doctor is an amazing privilege. […] Like the Doctor himself I find myself in a state of utter terror and delight. I can’t wait to get started.”

Capaldi’s first screen appearance in this role is scheduled to air on television in late 2013. He will be the second oldest Doctor in the show’s history, with only the original Doctor being older.

As of earlier today, the official BBC Doctor Who Facebook page has 138,238 likes and 47,809 shares for the news of Capaldi taking on the role.

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Democratic Republic of Congo: UN expert accuses soldiers of killing 50 Hutu refugees in North Kivu

Sunday, October 18, 2009

Soldiers of the Armed Forces of the Democratic Republic of Congo (FARDC) allegedly killed 50 Rwandan, Hutu refugees and kidnapped some 40 women who were victims of gang rape, according to a United Nations special report on extrajudicial executions.

The FARDC allegedly attacked a makeshift camp for Rwandan Hutu refugees on April 26, 2009 at Shalio in North Kivu, reported Philip Alston of the UN during a press conference in Kinshasa. The FARDC surrounded the camp, shot and beat to death at least 50 refugees and burned the camp.

“A small group of 10 [women] who escaped described being gang raped, and had severe injuries — some had chunks of their breasts hacked off,” said Alston. The military operation conducted by the FARDC, with the support of the UN Mission in DRC (MONUC) against Rwandan Hutu rebels, has been « une catastrophe, un désastre en matière des droits de l’Homme » (“a catastrophe, a disaster in terms of human rights,”) he added.

The statement comes as the High Commissioner of UN for Refugees António Guterres and Deputy US Secretary of State for Humanitarian Affairs Eric Schwartz are visiting the eastern Democratic Republic of Congo.

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