Connect with us

Publications

Op-ed: U.S. and European tensions jeopardize 75 years of democracy, open markets and individual rights

Avatar

Published

on

It’s time to take urgent measures to head off the danger of “transatlantic decoupling,” a strategic shift that would risk more than seven decades of gains in democracy, open markets and individual rights.  

With all the recent attention to the ongoing economic and technological decoupling of the United States and China, far too little attention has been paid a slower moving, dangerously growing transatlantic divide.

Unaddressed, the result could be a tectonic, strategic shift away from the trans-continental relationship that built and defined post-World War II Europe and shaped the last 75 years globally. At a time when the global balance of power is shifting in China’s direction, transatlantic failure could be a decisive geopolitical factor. 

The damage would be far-reaching for America’s worldwide interests, for European unity and influence, and for the most significant community of democracies and open market economies the world has ever known, accounting for nearly half of global GDP.

“The challenges that we face over the next decade are greater than any of us can tackle alone,” said NATO Secretary Jens Stoltenberg this week at a virtual event staged by the Atlantic Council and the German Marshall Fund. “Neither Europe alone, nor America alone. So, we must resist the temptation of national solutions.”

He launched a significant, if insufficient, first step in addressing this transatlantic danger, NATO 2030. Its aim would be to ensure that, while the alliance remains militarily strong, it would become stronger politically and globally ensure its relevance in the face of a more assertive China and a global pandemic. 

“The rise of China is fundamentally shifting the global balance of power,” he said. “Heating up the race for economic and technological supremacy.  Multiplying the threats to open societies and individual freedoms. And increasing the competition over our values and our way of life.”

New tensions have highlighted the dangers of transatlantic decoupling.

The most recent were triggered by President Trump’s decision last week, though not yet implemented, to withdraw 9,500 troops from Germany, afterward capping them at 25,000. It was less the decision that irked allies than the timing and apparent failure to have consulted allies. The withdrawal announcement came just days after German Chancellor Angela Merkel’s decision not to attend in-person the G7 meeting that President Trump had hoped to host this month.

At the same time, differences are festering between European countries and the United States about how best to manage an increasingly assertive China, particularly as Beijing-Washington tensions grow. European concerns about China have also deepened, but Washington’s rapid moves to punish China for its move to limit Hong Kong’s autonomy contrast with Brussels’ more muted response and determination to avoid sanctions.

Alongside the launch of NATO 2030 this week, another promising idea to better coordinate responses to China has emerged from British Prime Minister Boris Johnson. He has suggested employing a “D-10” of ten leading democracies to tackle their increasing concerns about supply chain vulnerabilities and 5G mobile communications. That would augment the G-7 membership by adding Australia, India and South Korea.

This isn’t a new idea, with regular meetings of ambassadors and policy planners among those countries convened for some years by the Atlantic Council , but the coronavirus has given the idea new impetus.

Tensions aren’t new in transatlantic relations. The reason to act more decisively now is the historic moment, a new era of major power competition that will define the years ahead.  During the Cold War, the nature of the Soviet threat and a divided Europe also acted to unify transatlantic allies more than the current Chinese challenge, which most Europeans don’t believe is military in nature.

What’s increasingly clear is that China considers Europe a crucial factor in its effort to gain global influence. Far less clear is where Europe will land as the new geopolitical pieces fall into place – and what kind of Europe it will be.

The array of possible outcomes is dizzying. 

In the best of all worlds, the United States would “re-couple” with Europe, and Europe would unify and align with Washington. In the face of the China challenge, the transatlantic community would cooperate not in in a zero-sum competition with Beijing but to better manage the future together while defending democratic values. 

A middle case scenario would have an increasingly divided Europe floating untethered among major powers. U.S. global influence would continue to decline, and Europe would alternate between playing off major powers and being played by them.  That’s a recipe for volatility.

A third scenario would be that Europe, divided or not, aligns itself more closely with an authoritarian China, compromising its values out of economic interest. It would also be more compromising with Russia, due to its military weight and geographic proximity.  The outcome would be a strategic transatlantic decoupling, with uncertain consequences.    

There are countless other iterations, with as great or greater a potential to define the global future as jockeying in Asia.  

So, what to do?

Clearly, much depends on the preferences of a re-elected Trump administration or the priorities and vision of a Biden alternative. 

Until then, here are five ideas to get started:

1. Embrace and put meaning into NATO 2030’s nascent efforts to provide the alliance a stronger political and global dimension. Without such efforts, NATO’s relevance could recede faster than its advocates understand.

2. Embrace, as well, Boris Johnson’s D-10 format as a base for cooperation among global democracies.  If it works to manage urgent 5G and supply side issues, it could become a platform for other matters.

3. Build further on the foundation of the Three Seas Initiative, a forum of twelve European Union states in Central and Eastern Europe. The U.S. this year committed $1 billion, through its International Development Finance Corporation, to a fund that would finance the group’s energy, transport and telecommunications projects.

4. Revisit the decision to withdraw US troops from Germany, which in any case is facing deep opposition among Republicans in Congress. Slow any moves until Congress and allies have weighed in and US interests have been thoroughly examined.

5. Revive government and privately supported people-to-people exchanges, from students and scholars to soldiers and artists, that bonded previous generations.   

Two world wars have taught us where transatlantic neglect can lead, while the history of the past 75 years underscores the value of common cause. We forget those lessons at our peril

Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States’ most influential think tanks on global affairs. He worked at The Wall Street Journal for more than 25 years as a foreign correspondent, assistant managing editor and as the longest-serving editor of the paper’s European edition. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place on Earth” – was a New York Times best-seller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his look each Saturday at the past week’s top stories and trends.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.

Source: https://www.cnbc.com/2020/06/14/op-ed-us-and-european-tensions-jeopardize-75-years-of-democracy-open-markets-and-individual-rights.html

Publications

Security and Sustainability Forum-With Hazel Henderson and Claudine Schneider. 10/22/2020

Avatar

Published

on


Steering Societies Beyond GDP to the SDGs

With Hazel Henderson and Claudine Schneider

October 22, 2020

1:15 pm to 2:15 pm EDT

The next webinar in the SSF series, with ecological economist and futurist Hazel Henderson, will address how the UN SDGs can and should replace GDP as the basis for valuing society leading to an economy based on planet protection and human wellbeing. Claudine Schneider is Hazel’s guest.

GDP accounts for all the public expenditures as “debt” while ignoring the value of the assets they created. If GDP were to be corrected by including the missing asset account, these debt-to-GDP ratios would be cut by up to 50% — with a few keystrokes! Learn why money isn’t what you think it is and why that matters to life on Earth in the next two webinars with Hazel and guests.

Register

Claudine Schneider is a former Republican U.S. representative from Rhode Island. She was the first, and to date only, woman elected to Congress from Rhode Island. She is founder of Republicans for Integrity, which describes itself as a network of “Republican former Members of Congress who feel compelled to remind Republican voters about the fundamentals of our party and to provide the facts about incumbents’ voting records.”

October 22nd webinar with Claudine Schneider and Hazel

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

[email protected]

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

Source: https://www.ethicalmarkets.com/63564-2/

Continue Reading

Crunchbase

The Briefing: RVShare raises over $100M, Google disputes charges, and more

Avatar

Published

on

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase Daily

RVShare raises over $100M for RV rentals

RVShare, an online marketplace for RV rentals, reportedly raised over $100 million in a financing led by private equity firms KKR and Tritium Partners.

Akron, Ohio-based RVShare has seen sharp growth in demand amid the pandemic, as more would-be travelers seek socially distanced options for hitting the road. Founded in 2013, the company matches RV owners with prospective renters, filtering by location, price and vehicle types.

Previously, RVShare had raised $50 million in known funding, per Crunchbase data, from Tritium Partners. The company is one of several players in the RV rental space, and competes alongside Outdoorsy, a peer-to-peer RV marketplace that has raised $75 million in venture funding.

Funding news

  • BrightFarms closes on $100M: Indoor farming company BrightFarms said it secured more than $100 million in debt and new equity capital to support expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
  • Anyscale inks $40MAnyscale, the Berkeley-based company behind the Ray open source project for building applications, announced $40 million in an oversubscribed Series B funding round. Existing investor NEA led the round and was joined by Andreessen Horowitz, Intel Capital and Foundation Capital. The new funding brings Anyscale’s total funding to more than $60 million.
  • Klar deposits $15M: Mexican fintech Klar closed on $15 million in Series A funding, led by Prosus Ventures, with participation from new investor International Finance Corporation and existing investors Quona Capital, Mouro Capital and Acrew. The round brings total funding raised to approximately $72 million since the company was founded in 2019. The funds are intended to grow Klar’s engineering capabilities in both its Berlin and Mexico hubs.
  • O(1) Labs rakes in $10.9M: O(1) Labs, the team behind the cryptocurrency Mina, announced $10.9 million in a strategic investment round. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures.
  • Blustream bags $3M: After-sale customer engagement company Blustream said it raised $3 million in seed funding for product usage data and digital transformation efforts for physical goods companies via the Blustream Product Experience Platform. York IE led the round of funding for the Worcester, Massachusetts-based company with additional support from existing investors.Pillar secures another $1.5M: Pillar, a startup that helps families protect and care for their loved ones, raised $1.5 million in a seed extension to close at $7 million, The round was led by Kleiner Perkins.

Other news

  • Google rejects DOJ antitrust arguments: In the wake of a widely anticipated U.S. Justice Department antitrust suit against Google, the search giant disputed the charges in a statement, maintaining that: “People use Google because they choose to, not because they’re forced to, or because they can’t find alternatives.”
  • Facebook said to test Nextdoor rival: Facebook is reportedly testing a service similar to popular neighborhood-focused social Nextdoor. Called Neighborhoods, the feature reportedly suggests local neighborhood groups to join on Facebook.

Illustration: Dom Guzman

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/briefing-10-21-20/

Continue Reading

Crunchbase

Syte Sees $30M Series C For Product Discovery

Avatar

Published

on

Online shopping has become the norm for most people in 2020, even coaxing traditional retail brands to up their presence to stay competitive. However, now that shoppers can’t see and touch products like they used to, e-commerce discovery has become a crucial element for customer acquisition and retention.

Subscribe to the Crunchbase Daily

Enter Syte, an Israel-based company that touts creating the world’s first product discovery platform that utilizes the senses, such as visual, text and voice, and then leverages visual artificial intelligence and next-generation personalization to create individualized and memorable customer experiences, Syte co-founder and CEO Ofer Fryman told Crunchbase News.

To execute on this, the company raised $30 million in Series C funding and an additional $10 million in debt. Viola Ventures led the round and was joined by LG Technology Ventures, La Maison, MizMaa Ventures and Kreos Capital, as well as existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures and KDS Media Fund.

This brings the company’s total fundraising to $71 million since its inception in 2015. That includes a $21.5 million Series B, also led by Viola, in 2019, according to Crunchbase data.

Fryman intends for the new funding to be put to work on product enhancements and geographic expansion. Syte already has an established customer base in Europe, the Middle East and Africa, and will now focus expansion in the U.S. and Asia-Pacific.

Meanwhile, Syte has grown 22 percent quarter over quarter, as well as experienced a 38 percent expansion of its customer base since the beginning of 2020.

“Since we crossed $1 million annual recurring revenue, we have been tripling revenue while also becoming more efficient,” Fryman said. “We can accelerate growth as well as build an amazing technology and solution for a business that needs it right now. We plan to grow further, and even though our SaaS metrics are excellent right now, our goal is to improve them.”

Anshul Agarwal, managing director at LG Technology Ventures, said Syte was an attractive investment due in part to its unique technology.

“They have a deep-learning system and have created a new category, product discovery that will enable online shopping in a way we never had the ability to do before,” Agarwal said. “The product market fit was also unique. We believe in the strong execution by the team and the rapid growth in SaaS. We looked at many different companies, and the SaaS metrics that Syte showed are the strongest we’ve seen in a while.”

Illustration: Li-Anne Dias

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/syte-sees-30m-series-c-for-product-discovery/

Continue Reading
Blockchain News2 hours ago

Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas

AR/VR7 hours ago

Warhammer Age of Sigmar: Tempestfall Announced for PC VR & Oculus Quest, Arrives 2021

Crowdfunding8 hours ago

I Dare You to Ignore This Trend

Blockchain News8 hours ago

Bitcoin Price Flashes $750M Warning Sign As 60,000 BTC Options Set To Expire

AR/VR8 hours ago

Star Wars: Tales from the Galaxy’s Edge to Include VR Short ‘Temple of Darkness’

Blockchain News8 hours ago

Bitcoin Suffers Mild Drop but Analyst Who Predicted Decoupling Expects BTC Price to See Bullish Uptrend

Blockchain News9 hours ago

AMD Purchases Xilinx in All-Stock Transaction to Develop Mining Devices

Cyber Security9 hours ago

Newly Launched Cybersecurity Company Stairwell

AI10 hours ago

How 5G Will Impact Customer Experience?

AR/VR10 hours ago

You can now Request the PlayStation VR Camera Adaptor for PS5

Blockchain News11 hours ago

HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China

Blockchain News11 hours ago

Aave Makes History as Core Developers Transfer Governance to Token Holders

Blockchain News12 hours ago

Caitlin Long’s Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021

Blockchain News12 hours ago

KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption

Blockchain News12 hours ago

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency

Blockchain News13 hours ago

MicroStrategy Plans to Purchase Additional Bitcoin Reserves With Excess Cash

Covid1914 hours ago

How followers on Instagram can help to navigate your brand during a pandemic

Cyber Security20 hours ago

StackRox Announced the Release of KubeLinter to Identify Misconfigurations in Kubernetes

Cyber Security23 hours ago

How Was 2020 Cyber Security Awareness Month?

Ecommerce23 hours ago

Celerant Technology® Expands NILS™ Integration Enabling Retailers…

Ecommerce23 hours ago

The COVID-19 Pandemic Causes Eating Patterns in America to Take a…

Ecommerce23 hours ago

MyJane Collaborates with Hedger Humor to Bring Wellness and Laughter…

AR/VR23 hours ago

Sci-fi Shooter Hive Slayer is Free, Asks Players for Louisiana Hurricane Relief Donations Instead

AR/VR23 hours ago

AMD Announces Radeon RX 6000-series GPUs with USB-C “for a modern VR experience”

AI1 day ago

Resiliency And Security: Future-Proofing Our AI Future

AI1 day ago

AI Projects Progressing Across Federal Government Agencies

Blockchain1 day ago

Kucoin and Revain Announce Partnership

AR/VR1 day ago

Crowdfunded AR Startup Tilt Five Secures $7.5M Series A Investment

AR/VR1 day ago

The Importance of XR Influencers

AR/VR1 day ago

Head Back Underground in 2021 With Cave Digger 2: Dig Harder

AR/VR1 day ago

Five All-New Multiplayer Modes Revealed for Tetris Effect: Connected

Crowdfunding1 day ago

The Perfect Investment

AR/VR1 day ago

Snapchat’s new Halloween AR Lenses Offer Full Body Tracking

Cyber Security1 day ago

How the PS5 Will Completely Change Gaming As We Know It?

Cyber Security1 day ago

Compromised Credentials used by Hackers to Access the Content Management System

Cyber Security1 day ago

Which are the safest payment methods for online betting?

Cyber Security1 day ago

How to stay safe if you’re using an Android device for betting?

Cyber Security1 day ago

Three technological advancements that we might see in online betting

Cyber Security1 day ago

Why do people prefer to use iOS for betting rather than Android?

Quantum1 day ago

Bell nonlocality with a single shot

Trending