Tag Archives: betting

These Startups Are Betting on a Remote-First World

These Startups Are Betting on a Remote-First World

For most knowledge workers, this summer spells the end of the Great Remote Work Experiment and the beginning of a return to normal. People are shuffling back into offices, dusting off desk space, and returning to their old routines. But for some people, the pandemic year has permanently changed the relationship to the office. Nicholas Bloom, an economist at Stanford, predicts that more work will likely take place remotely—22 percent of workdays in the future, compared to just 5 percent pre-pandemic.

Not every employee is ditching the office for good. But if even a small percentage do, it could create a number of “second-order effects,” says Andreas Klinger, a remote-work advocate who launched Remote First Capital in 2019. The $ 7.5 million fund looks for startups that solve remote-work problems—for example, helping startups run payroll when their employees are scattered across the globe—but also ones that “leverage remote work in a unique way.” Klinger says the potential opportunities go far beyond traditional business services. These startups begin to reimagine how the future will look if more people can uncouple where they work and where they live: “How does the world change if more people work remotely? How do countries, families, education, and daily life change?”

The answers to those questions have preoccupied not only economists and policymakers but also founders and VCs eager to capitalize on any disruption of the status quo. Some of these startups take daring views of how much an uptick in fully remote work could change peoples’ lifestyles. Galileo, an online-first school, aims to do for primary education what remote work did for distributed teams. “School was one of the most important things that kept you in a location: You can’t move because of your kids in school,” says Vlad Stan, Galileo’s founder. “With our school, it’s much easier to move from one place to another. We’re enabling people to have a more fluid life.”

The startup charges a fee in exchange for a suite of online educational tools and access to a number of in-person “learning dojos” around the world. Similar to a Montessori school, students have individualized learning plans and are self-directed throughout the day, with support from a number of online teachers.

Stan, who is currently based in Spain, says that Galileo has seen growing interest from families who are looking to live more nomadically as a result of remote work. “We started this as an experiment two years ago, just before Covid, with 20 students,” he says. Now, Galileo has 200 students from 30 countries fully enrolled.

Other startups hope to court travel-happy workers by providing housing-as-a-service. Anyplace, an Airbnb-like marketplace, lists furnished apartments that rent on month-to-month leases and include basic amenities like WiFi. When Anyplace launched in 2017, its customers were mostly freelancers or people who had independent income. Now, founder Satoru Steve Naito says he’s seeing more people who “work for tech giants like Facebook or Twitter starting to use Anyplace. So now we’re optimizing our product for remote workers.”

Recently, Anyplace started listing its own apartments designed specifically for remote workers, called Anyplace Select. Each one comes with gigabit-speed internet, standing desks, ergonomic chairs, and second monitors. “If you don’t have a great work environment, then it’s not great to work remotely,” says Naito, who has changed cities every few months for the last five years. He believes that if services like his make the nomadic lifestyle easier, then more people will take advantage of the perks of remote work and make that lifestyle more mainstream.

Startups like Anyplace and Gailieo are targeting a specific demographic: people who have the option to work from anywhere, and who actually want to hop around from city to city. By most accounts, that’s not a lot of people. Even though the number of work-from-home days is expected to increase from pre-pandemic levels, surveys like Bloom’s suggest that it’s more because employers are embracing a “hybrid” model, rather than allowing people to work remotely all the time.

Author: Arielle Pardes
This post originally appeared on Business Latest

The Mayor of Reno Is Betting Big on the Blockchain

Hillary Schieve, the mayor of Reno, Nevada, takes my arm before we jaywalk across the street from City Hall. She continues clutching it as we traverse the gritty public plaza on the other side, and does not let go until we reach the foot, or rather fin, of our destination: a hulking steel and stained-glass sculpture of a humpback whale nuzzling its calf. Its name is the Space Whale. In 2016 a team led by artist Matt Schultz created it for Burning Man, the annual festival held a few hours north of the city, as a means of drawing awareness to “our hypocrisy toward protecting the oceans,” he tells me later. After the festival, the city leased the sculpture for $ 64,000.

Up close, the whales are looking a little wan. Most of the reachable panes have been shattered, and the metal skeleton is losing its sheen. Schieve, bundled tightly in a coat, her blond hair whipping in a chilly April wind, reaches toward a shard of glass and sighs. “I’m on the save-the-whale campaign,” she says. This was a controversial statement. The lease on the whale had expired in August 2019. The artists had tried to sell it to the city, which had little interest in the $ 500,000 price tag, and when the price later came down, the city insisted the artists pay for repairs. Schultz’s group then tried to sell it on Facebook Marketplace for $ 1 million. No takers. All the while, no one was giving the sculpture any TLC. In Schieve’s office, mention of “the whale” elicits an eye roll. A white whale, beached on the banks of the Truckee River.

But this spring, Schieve (pronounced SHE-vee) devised a potential solution: a non-fungible token, or NFT, offered for sale on a blockchain called Tezos. The new owner would receive a .CAD file and a video from the artist, but the actual, physical sculpture would stay in that downtown Reno plaza. The proceeds would raise funds for the city to clean up the whale and preserve it for the public to enjoy. Schieve realized this type of semi-symbolic sale might require some sweetening. So she was contemplating offering benefits, like tagging along on her annual trip to Burning Man with fellow elected officials. (They don’t stay overnight, Schieve adds; she did not intend to jeopardize any future electoral campaigns with drugs and orgies.)

Reno mayor Hillary Schieve

Photograph: Patrick T. Fallon/Bloomberg/Getty Images

The issuance of an NFT is not, at this point, such a radical thing, even for a government. Cities and states all over have sought at times to forge links to the blockchain. In 2018, Cleveland declared itself Blockland, though the label seems to have waned. Wyoming has set itself up as the premier regulatory haven for cryptocurrency, a label that other states, including Nevada, now seek to challenge. All it takes is a few interested businesspeople and elected officials receptive to “new ideas,” especially those with a cypherpunk ring. That’s not quite what’s happening in Reno. For Schieve, the NFT was a gateway to something else.

An early sign emerged in January, when Mayor Francis Suarez of Miami, a person on a recent tear of throwing out tech-friendly ideas and seeing what sticks, tweeted about turning his city into a “hub for crypto innovation” centered around Bitcoin. Schieve was unsatisfied. “When are you going to become a $ LINK marine?” she teased in reply, cryptically to most readers. She was referring to a blockchain platform called Chainlink, perhaps best known for its cult following of “marines” who swarm toward any mention of the technology on social media. Their loyalty is expressed through ranks earned by #HODLing (that is, holding) the platform’s cryptocurrency, called Link. Apparently, the mayor of Reno was a member of the battalion—“link pilled,” in the community’s parlance. “It was really sweet,” Schieve says of the meme invasion her tweet inspired.

Author: Gregory Barber
This post originally appeared on Business Latest

Japan's Nomura still betting on global expansion to lift profit, despite Archegos hit

Japan's Nomura still betting on global expansion to lift profit, despite Archegos hit© Reuters. FILE PHOTO: Nomura Securities trading floor is pictured at the company’s Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai

By Makiko Yamazaki

TOKYO (Reuters) – Nomura Holdings (NYSE:) Inc raised its pretax income target for the next fiscal year by 14%, showing the long-cherished ambitions of Japan’s top brokerage and investment bank to join the global elite remain undimmed, despite sustaining a near $ 3 billion hit from the collapse of U.S. investment fund Archegos.

Setting out guidance in a mid-term presentation, Nomura on Wednesday said it was basing its raised target on a strategy of developing its footprint in global private markets, taking in business with unlisted companies, like private equity funds, as well as services for wealthier private clients.

Nomura now estimates 320 billion yen ($ 2.94 billion) in pretax income for its three core divisions in the year from April next year, citing strength in wholesale arm, comprising global markets and investment banking.

The new target raises the bar from the 280 billion yen profit targeted in an estimate issued a year ago, and represents a 29% jump from the 247.6 billion yen it posted for the year ended in March 2021.

The raised ambitions come soon after the implosion of Archegos, a family office run by Bill Hwang that failed to meet margin calls on heavily leveraged stock bets, rekindled concerns about Nomura’s global expansion strategy.

Chief Executive Kentaro Okuda told a media briefing on Wednesday that Nomura has exited more than 99% of its Archegos-related positions and reiterated that it has no plans to shy away from the prime brokerage business.

But he added that the bank would reduce prime brokerage transactions that only provide credit using stocks as collateral.

The upward profit target revision is driven by a higher forecast for the wholesale division, which is expected to post a profit of 150 billion yen for April 2022-March 2023, more than double the 64.3 billion yen posted for the year just ended.

Earnings at Nomura’s wholesale arm, which includes overseas operations, have been highly volatile since its disastrous 2008 acquisition of Lehman Brothers’ Asian and European businesses, forcing the bank to repeatedly implement drastic cost cuts.

In an effort to expand stable revenue sources, Nomura now targets a 50% income growth in the advisory business and a 40% increase from private equity and private debt markets, which includes businesses with unlisted companies, over the next few years.

($ 1 = 108.7400 yen)

X: Therefore doesn`t .

Author: Reuters
This post originally appeared on Stock Market News

EFL Cup odds and betting tips

Author: [email protected] (Alex Hankin)
This post originally appeared on Mirror – Football

EFL Cup odds and betting tips

You’re well out of it, Jose. PS please send money.

They said it couldn’t be done, but Tottenham and Manchester City have defied the gloomsters – and managed to make the EFL Cup even less prestigious than it was.

Welcome to the Snides Shield (4.30pm) and fittingly, despite a Europa qualifying-round ticket ‘up for grabs’, it hardly matters who wins. But they can’t both lose, so there must be a bet in it.

City strolled the last head-to-head, but a Euro trip looms and they’ll be minus big players. They are 1/6 to lift the jug, a suitably greedy price.

Harry Kane is now a ‘definitely maybe’, though he hasn’t scored against City for five years. Last one a penalty, obvs.

Jose Mourinho talked of the “modern penalty” after February’s 3-0 defeat. Good spot. Get on ‘penalty in match’ at 12/5 (Hills, 90mins).

Five of the last 20 EFL finals went to shootouts – 6/1 (Skybet) it is settled on penalties again is big on that data.

It’s not over until the fat lady actually sings, but West Brom’s defeat on Thursday night must have had Sam Allardyce humming a few scales.

He might hope to see flip-flops on hosts Aston Villa (7pm), but I doubt Euros-hungry Ollie Watkins will wear them. Try 13/8 (Fred) Watkins ‘anytime scorer’.

Wolves have done enough to survive, but a point against Burnley (12pm, BBC One) would complete the maths, and a share suits both. Have a DRAW at 12/5.

The last time Manchester United went to Elland Road, 10 years back, a bloodthirsty mob of Leeds fans laid siege to their hotel.

Sir Alex Ferguson called his stay “frightening” and “like the film Zulu”.

That’s a withering TripAdvisor review. I believe there was also a “huge pube” in the bath and the mini-bar was “a ****ing disgrace”.

Stuart Dallas has earned a higher ‘anytime scorer’ rating than 8/1 (Paddy) says. Worth a pop.

Try an ‘anytime scorer’ nibble on Luis Suarez at 13/10 (Paddy) when Atletico go to Bilbao (8pm, La Liga).

Last week: Winner at 6/4

Smart money is betting on helium boom

Smart money is betting on helium boom

The world is racing towards a greener future, and while lithium has remained center stage in this new energy transition, helium is quickly becoming a hot commodity.

Two years ago, three pre-eminent materials scientists, John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, were awarded the 2019 Nobel Prize in Chemistry for their groundbreaking work in the development of lithium-ion batteries. 

The Nobel committee noted that Whittingham developed the first functional Li-ion battery in the early 1970s, though it failed to become a commercial success due to its excessive volatility. Meanwhile, Goodenough built on Whittingham’s work and successfully developed more powerful batteries while Yoshino later produced the first commercially viable lithium-ion battery in 1985.
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The committee acknowledges the critical role that these revolutionary devices are playing in the clean energy transition:

“Lithium-ion batteries have revolutionized our lives and are used in everything from mobile phones to laptops and electric vehicles. Through their work, this year’s Chemistry Laureates have laid the foundation of a wireless, fossil-fuel-free society.

Despite lithium prices jumping 120% since their August 2020 lows, several giant producers including Albemarle Corp., Chile’s second-largest lithium producer, and Jiangxi Ganfeng Lithium, the world’s largest lithium mining company with a market capitalization of $ 19 billion, remain incredibly bullish. 
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Similarly, Wall Street is going ultra-long with Morgan Stanley saying lithium supply needs to jump 10x in the space of just four years in order to keep up with the massive electrification drive.

While there’s plenty of lithium on our planet, no new mines are coming online at a fast enough clip to meet growing demand, pointing to an unfolding shortage a few years down the line.

The Helium Boom

At first glance that sounds like the usual Wall Street hyperbole, but not when you consider that experts are predicting that the humble lithium-ion battery is beginning to threaten coal and natural gas power plants as utilities everywhere increasingly plug them to the electric grid.

Indeed, there’s an unfolding trend whereby cheap grid-scale batteries are beginning to replace fossil fuel power plants as the more economical option for supplying extra power during times of peak usage thanks to rapidly falling battery costs. The trend is gaining serious momentum as the transition to renewables shifts into a higher gear.
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When grid-connected batteries supply enough electricity to meet peak demand, utilities neither have to build as many power plants and transmission lines nor fire devices that emit copious amounts of planet-warming gases.

But whereas Li-ion batteries are unequivocally some of the greatest innovations in modern times, many investors have been sleeping on yet another commodity that’s enjoying a renaissance in the clean energy boom: Helium.

Explosive growth in the semiconductor and healthcare industries as well as space and quantum computing have been driving huge and growing global demand in helium.

While batteries are set to power everything, helium is indispensable in many key applications including space exploration, rocketry, high-level scientific applications, in the medical industry for MRI scanners, fiber optics, electronics, telecommunications, superconductivity, underwater breathing, welding, cryogenic shielding, leak detection, and in lifting balloons. At a melting point of -261.1°C (-429°F), helium has the lowest melting point of any element, meaning there’s no substitute for the gas where ultra-low temperatures are required including in superconductors.

With demand constantly outstripping supply and the federal government no longer freely selling helium, prices have skyrocketed, hitting $ 35 per liter in 2019, more than double an average of $ 14.60 per liter they commanded three years ago.

Dwindling supplies

Only a small percentage of the helium generated through natural means is readily accessible, and even a smaller proportion is economically feasible to collect.

The helium that we find on our planet is a product of radioactive decay from minerals made of uranium and thorium. Unfortunately, the vast majority leaks off into space, and whatever little that is trapped comes nowhere close to meeting our global demand of 32,000 tons of helium per year (about 6.2 billion cubic feet measured at 70°F and under earth’s normal atmosphere). The vast majority of our helium reserves come from millions of years of gradual accumulation, especially in shale formations.
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After being formed deep in the bowels of the earth, helium tends to rise and collect in the same deposits as natural gas. In fact, most of our helium supply comes from natural gas companies that collect the gas as an ancillary benefit. Unfortunately, current technological limits mean that helium is only economically recoverable at concentrations greater than 0.3%. Consequently, the vast majority of the helium in gas reserves is simply vented away.

But the weakest link in the helium supply chain: The US federal government is no longer selling helium to traders and manufacturers.

Back in 1925 when helium-based airships seemed like they would become vital to national defence, the US government created the Federal Helium Reserve (FHR) out of a giant, abandoned salt mine located 12 miles northwest of Amarillo, Texas. Over several decades, FHR collected as much helium as it could and essentially became the world’s strategic helium reserve supplying ~40% of the world’s needs.

Unfortunately, the FHR eventually ran into debt trouble to the tune of billions of dollars thanks to its practice of selling helium at well below market prices. In 1996, the US government passed laws mandating FHR to sell off its reserves and close in 2021 in an effort to recoup its debts.
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The Bureau of Land Management (BLM) has outlined the process and timeline by which the FHR will dispose of its remaining helium and helium assets.  BLM, which now manages the reserve, managed to sell off most of the stored helium to all users, with the remaining three billion cubic feet (84 million cubic meters) by 2018 restricted for sale to only federal users, including universities that use helium for federally sponsored research. BLM held its last Crude Helium Auction in Amarillo, Texas, in 2019 with the price rising 135%, from $ 119/Mcf in 2018 to $ 280/Mcf in 2019. 

The sale of crude helium to private industry has been discontinued and the remaining stockpile is earmarked for Federal users only.

The sale deadline has since then been extended to 30 September 2022, but privatisation likely won’t be completed until at least 2023.

This article was originally published on Oilprice.com

RT

‘It puts you under stress’: Russian Premier League player in alleged betting case insists lie detector test would be ‘pointless’

‘It puts you under stress’: Russian Premier League player in alleged betting case insists lie detector test would be ‘pointless’

Russian Premier League newcomer Aleksandr Yerkin, who is one of two Tambov players to have reportedly been summoned by national football bosses as part of a betting investigation, has detailed why a polygraph is not to be trusted.

Less than a month after making his top-flight debut against Dynamo Moscow, 31-year-old Yerkin and Belarusian midfielder Dmitry Herman were questioned by Russian Football Union chiefs in a development that was said to have been confirmed by his club.

Yerkin, Herman and Tambov have always maintained their innocence and have not been charged with any wrongdoing, although the pair have been suspended from training for almost a fortnight in a move that the club said was designed to protect it from “rumors” and “negativity”.

Asked by Match TV about using a lie detector to provide his innocence, Yerkin argued: “[The body] can react differently to such a technique.

“The equipment reads pulses from sensors… heartbeats and emotions, and I suffer from stress.

“Imagine if I sat down [to] a polygraph, telling the truth, and it’s showing [I’m telling] a lie. Who will I prove [my innocence] to after that?”

“[I have] read about the detector [and] realized that it is pointless to trust this device. If you have any evidence [of my wrongdoing], provide it.

“Why would you want to put me through a polygraph, under the stress it puts you through?”
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Tambov have described their position as “quite simple.” “At the moment, we do not see any legal grounds that show the guilt of our players,” they said.

“We don’t believe that the players are involved in any manipulations. Nevertheless, in order to protect the team from negativity and all sorts of rumors, the club management and coaching staff have made a joint decision to suspend Dmitry Herman and Alexander Yerkin from training until the end of the proceedings on this issue.”

A veteran of at least 11 clubs who has had spells in Lithuania, Yerkin made two appearances for Tambov following his arrival last month, playing a total of 35 minutes as a substitute in the 2-0 defeat at Dynamo and a 4-0 loss at home to Krasnodar.

The Premier League’s bottom side are currently on a dreadful 13-match winless run that has seen them lose 11 times since their most recent victory, which came last October.
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Premier League odds and betting tips

Premier League odds and betting tips

The prices feel out of whack at Old Trafford this evening.

Manchester United[1] are the same odds – 8/13 – to beat Brighton[2] (7.30pm) as they are to win away at Granada in the Europa League on Thursday.

Something’s a bit wonky about that, though it’s hard to nail down exactly what – and the head-to-head form is no help to us.

A reserves game in the Carabao Cup must be ignored, and that came after a total VAR fiasco in the Prem.

United won that reverse fixture 3-2 in one of the all-time Stockley Park shamble showers, with goals and penalties ruled in and out by the fistful, and armpits everywhere.

The visitors nicked it with a Bruno Fernandes spot-kick awarded so long after the final whistle had been blown they’d taken the nets down.

Brighton’s ‘Big Six’ numbers since Christmas point at a tight one, and a 0-0 would suit. United’s scoring problems are pulling that way too.

Try NO ‘both teams to score’ at 10/11 (BetVic).

Newcastle[3] went into the international break off the back of a shocker at Brighton.

Still, here was a chance to regroup for the do-or-die weeks ahead – but what could Steve Bruce possibly do in a few extra days that he hasn’t tried already?

Have Andy Carroll exorcised? Prescribe an intensive course of prosecco colonics?

Harry Kane and Tottenham[4] (2.05pm) head to St James’ Park after a busy international period and could be short of bubbles.

The NO ‘both teams to score’ looks fair at 20/21 (BetVic).

A big afternoon in the relegation story, and Burnley[5] can large it at Southampton[6] (12pm) this lunchtime.

The Saints make a meal of things in the air, and that’s all gravy for the visitors. Big Kiwi Chris Wood is in scoring form too.

Split a stake between the DRAW at 12/5 and ‘Burnley win to nil’ at 11/2 (BetVic).

Whatever Newcastle’s early result, Fulham go to Aston Villa (4.30pm) on a ‘don’t-lose’ and have that in their locker. Bet a DRAW at 9/4.[7]

In Spain tonight, Luis Suarez is a fair ‘anytime scorer’ spin at 7/4 (Paddy) for Atletico Madrid’s trip to Sevilla in La Liga (8pm).

Last time: Winners at 5/2 and 7/5

References

  1. ^ Manchester United (www.mirror.co.uk)
  2. ^ Brighton (www.mirror.co.uk)
  3. ^ Newcastle (www.mirror.co.uk)
  4. ^ Tottenham (www.mirror.co.uk)
  5. ^ Burnley (www.mirror.co.uk)
  6. ^ Southampton (www.mirror.co.uk)
  7. ^ Fulham (www.mirror.co.uk)

[email protected] (Alex Hankin)

Leicester United FA Cup betting tips on BBC

Leicester United FA Cup betting tips on BBC

Tiredness is going to be a factor in the BBC’s big FA Cup clash today. That boozy lunch won’t help.

Some of us just aren’t making it all the way through Leicester[1] and Manchester United[2] (5pm) without resting the eyes.

These tepid telly games in empty grounds can be very draining.

Leicester’s Europa Cup exit gives them a theoretical freshness edge, with United in Italy on Thursday night.

But the main question about ‘legs’ is whether Paul Pogba’s great long ones are going to put in an appearance. A half-time Europa sub in Milan in his first game since February 6, Pogba cut through some of the blathering that can blight United.

You just can’t put a price on such clarity of vision in a player – though his agent is nothing if not a trier.

Pog or no Pog these two sides are the Prem’s undisputed penalty kings in the age of VAR. Get on the 9/4 (90mins, Hills) ‘penalty in match’ and we can sleep easy.

Tomas Tuchel reckons there isn’t a club in Europe that fancies playing his Chelsea[3] side right now. I expect that goes double for Sheffield United today.

The Blades go to Stamford Bridge (1.30pm, BBC One) after having had a major organ removed without anaesthetic, and not so much as a lollipop after.

Tuchel has got his lads bright-eyed and bushy tailed, which is guaranteed to irritate the patient – so take John Lundstram ‘is shown a card’ at 9/2 (Hills) , a juicy enough price on his numbers.

Two mysterious-looking games in the Premier League[4] today.

Take the DRAW at 5/2 (Bet365) when West Ham[5] entertain Arsenal[6] (3pm), and Craig Dawson is the ‘anytime scorer’ unlikely lad to be on given the Gunners’ aerial frailty – the 14/1 (Bet365) looks plump.

Aston Villa welcome Tottenham[7] (7.30pm), who have had a Europa trauma. Nibble ‘no goalscorer’ at 10/1 (Fred, Bet365) .

Over in Spain, Villarreal have too much for Cadiz (3.15pm) and on-fire Gerard Moreno ‘anytime scorer’ is fair at 7/5 (Paddy).

Last week: Winners at 11/1 & 12/5

References

  1. ^ Leicester (www.mirror.co.uk)
  2. ^ Manchester United (www.mirror.co.uk)
  3. ^ Chelsea (www.mirror.co.uk)
  4. ^ Premier League (www.mirror.co.uk)
  5. ^ West Ham (www.mirror.co.uk)
  6. ^ Arsenal (www.mirror.co.uk)
  7. ^ Tottenham (www.mirror.co.uk)

[email protected] (Alex Hankin)