#friday bonanza results 2019

[mycryptosuite]

Friday bonanza lotto forecast - Bonanza Two 2Sure numbers

Friday bonanza lotto forecast – Bonanza Two 2Sure numbers

Friday bonanza lotto forecast – Bonanza Two 2Sure numbers Friday bonanza lotto forecast for today 03/05/2019 has been done and dusted as usual, we made sure we give you the best possible two sure numbers that could play. Friday bonanza bankers, all the two numbers are bankers from our reliable sources and we encourage you to play it and don’t forget to stake high as the chances are 90% to win and…

[cindylouwho-2]

RECENT NEWS, RESOURCES & STUDIES, late February 2020

Welcome to my latest summary of recent ecommerce news, resources & studies including search, analytics, content marketing, social media & Etsy! This covers articles I came across since the early February report, although some may be older than that. I am a bit behind due to my trip last week and other events, but some things here are a bit time-sensitive so I wanted to release this now. 

I am still looking into setting up a new ecommerce business forum where we can discuss this sort of news, as well as any day-to-day issues we face. I need some good suggestions for a cheap or free forum space that has some editing tools, is fairly intuitive for inexperienced members, and is accessible. If you have any suggestions, please reply to this post, email me on my website, or send me a tweet. (I will put out a survey once we narrow this down to some good candidates, but if you have any other comments on what you want from such a forum, please include those too!)

As always, if you see any stories I might be interested in, please let me know!

TOP NEWS & ARTICLES 

Since we are seeing more shops closed due to Etsy’s customer service level standards, my blog post on ODR now has major revisions explaining what we have learned, and includes some tips for staying out of trouble and if necessary, appealing a suspension. Please circulate the info widely, as many sellers still haven’t heard about this, and some were closed without having any clue this was possible. 

Mobile continues to grow while desktop use is slowly shrinking. It should affect how we design web pages. “Mobile visitors also behave differently from their desktop web counterparts, staying on pages for shorter periods of time, for example.” Other interesting takeaways from this SimilarWeb report: “[Facebook] lost 8.6% of [web] traffic over the past year alone” but increased in app sessions. 

The price of domains ending in “.com” will almost certainly be going up soon, and will go up most years after that, unless something changes at the last minute. If you are absolutely certain that you will continue to use the same domain name for your website, blog, ecommerce forwarding etc., then you might consider paying a few years in advance to save a few bucks. 

Another article explaining how people are selling thrift store and vintage clothing on Instagram, without setting up a checkout/cart anywhere. (The article focusses on teenagers, but does reference other examples.)

ETSY NEWS 

Two weeks ago, Etsy Support posted on Twitter that they were no longer monitoring the account, and asked everyone to use the help page maze instead when they need support. Forum thread here.  

Another trend report for 2020 from Dayna Isom Johnson [podcast links & transcript] She leads off with tips on how to get featured: “ so it's incredibly important to see a bright representation that really clearly shows your product...Do be original. I'm always trying to find the latest and the greatest that isn’t already on the shelves...Do be inclusive. ... I'm talking about models of all ethnicities, all genders, all body types, all ages.” Etsy chose chartreuse as their colour of the year: “in the last three months, there's been a 12% increase in searches for green already, and a 55% increase in neon green.” The wedding trends part was mostly already covered in a blog post, but she does also answer a few seller questions. 

Website user experience (UX) is a big part of getting people to convert, and an outside group ranks Etsy’s as “acceptable”. Many will be unsurprised that search gets a score of “mediocre” and Accounts & Self-Service get a “poor” grade.  

The migration to Google Cloud services is complete, so now Etsy can run more experiments more often, including those involving AI. (Although the forum thread was laughing at the idea of bad reviews helping shops, there is actually some research supporting that, so it is a logical thing to test.)

Etsy sellers in the US, UK & Canada who use Instagram can apply to win a trip to Etsy HQ here, until March 1.

Etsy is launching an Etsy U program which just seems a bit sketchy. Forum thread here.

Reverb (owned by Etsy) named a new Chief Technology Officer on Feb. 18.

SEO: GOOGLE & OTHER SEARCH ENGINES 

Google does not confirm every large search update, so this one remains a mystery at the moment, since Google refused to give an answer. That means it’s not a core update. 

Another video (with subtitles in several languages) from the SEO for Beginners series from Google, on the basics you need for good website SEO. 

If you are interested in “searcher intent”, this 500 person survey asks about what people are really looking for, and what they think of the search results the end up with. Overwhelmingly, they say they prefer organic results to ads, and the majority see targeted ads that they can’t figure out the reason/s behind. “Sixty-eight percent responded that Google adding more ads to the search results would make them want to use the search engine less.” Also, a slight majority preferred text results to images, video, & audio. “When asked which factor had the most significant impact on their decision to click a result, 62.9% responded it was the description, followed by 24.2% who said the brand name, and 13% who said title.” That means that the first part of your Etsy listing description, or the coded meta description on a page on your website, has the most influence on people clicking on your link once they see it. 

I usually strongly suggest that people setting up their own websites make sure they do some SEO work & keyword research for their category/shop section pages, and it turns out that there is new research showing I am correct. “Specifically, e-commerce category pages – which include parent category, subcategory and product grid pages with faceted navigation – ranked for 19% more keywords on average than product detail pages ranked for. The additional keywords they ranked for drove an estimated 413% more traffic, based on the keywords’ search demand and the pages’ ranking position. With optimization, those ranking category pages also showed the potential to drive 32% more traffic.”

Semi-advanced: explaining the (seemingly endless) debate on whether subdomains or subdirectories are better for SEO. 

SEO study - do you really need to use H1 tags on a page? Maybe not, although some screen readers recognize them as the page title so they help with accessibility. (Etsy & many other marketplaces don’t let you make this coding choice, so don’t worry about it there.)

Confused about how to apply all of these SEO tips I post here to your Shopify site? Good news! Here’s a list of what is most important for Shopify SEO. Note the attention to setting up your category pages, which is something I completely agree with. (it’s by Ahrefs so of course it pushes their tools; you don’t need to pay for that.)

CONTENT MARKETING & SOCIAL MEDIA (includes blogging & emails) 

Some businesses say social media doesn’t work, but maybe they aren’t doing it right. See if you are making one or more of these three mistakes. “Understanding who your target audience is - what they want, what they need, where you fit in, etc. - is critical to maximizing your social media marketing performance.”

Email marketing also works better if you do it right, so here are 5 things you might be doing wrong. And if you like a quick read, here’s an infographic on the psychology of email marketing. 

8 ideas for getting more interactions on Facebook (detailed infographic).

More fourth quarter reports continue: Pinterest’s 4th quarter revenue was up 46% but they lost $1.36 billion, and they are introducing a verified merchant program. “Almost all (97%) of the top searches on Pinterest are unbranded, according to the company, giving merchants a chance to stand out.”

Want to tap into that Pinterest traffic? You should because “90% of weekly Pinterest users log in to make buying decisions.”  Here are 10 ways to get more attention, followers, and pins. 

Like almost all social media, Twitter has an algorithm that mediates what users see (although you can turn it off, or use apps such as Tweetdeck to get around it as a reader). Ranking factors include recency, engagement, media and activity. The article includes a few tips on how to make it work for you, but then slides into promoting its app as the solution - you can just skip that part. 

ONLINE ADVERTISING (SEARCH ENGINES, SOCIAL MEDIA, & OTHERS) 

Google search ads get more results than Facebook and Instagram, simply because more people who see them want to buy something. “Less expensive products tend to sell better than more expensive ones on Facebook and Instagram, per the study.”

If you are running ads where you can choose your keywords, don’t forget to examine your organic search results and impressions for new words to advertise. Google Search Console is a great source.

If you found Instagram ads too expensive, check out this post on how the ads are priced, which can help you make decisions on your spend. 

ECOMMERCE NEWS, IDEAS, TRENDS 

Amazon has nearly 40% of the US ecommerce market, according to a report by eMarketer. Etsy is not in the top 10; eBay is 3rd behind Walmart. 

Sales on Shopify sites during the Black Friday-Cyber Monday long weekend went up 61% to $3 billion in 2019. They claim that the “direct -to-consumer” approach can be successful for both big & small brands. 

Japanese authorities are going after Rakuten for the ecommerce company’s push to make its sellers offer free shipping. 

eCommerceBytes’ annual Sellers Choice survey placed eBay first out of the online marketplaces that were rate. Note that this is not a scientific survey and largely covers the site’s readership only. Bonanza was the most improved & Etsy showed the worst drop (from 1st to 5th place). 

A review of that article last month that says ecommerce sites should have info pages as well as product pages, if only for SEO reasons. The author approves. 

The CBC show Marketplace did a large test buying branded items on AliExpress, Amazon, eBay, Walmart and Wish. It turns out that most were fake. 

Facebook’s cryptocurrency plans (Libra) finally have a partner: Shopify. The potential benefits include no credit card processing fees. 

BUSINESS & CONSUMER STUDIES, STATS & REPORTS; SOCIOLOGY & PSYCHOLOGY, CUSTOMER SERVICE 

Younger people (think Gen Z) expect to see gender treated expansively and beyond traditional stereotypes, and they expect this from companies and advertising. “Half of women and four in 10 men in the U.S. now believe that there is a spectrum of gender identities, according to a recent Ipsos poll titled "The Future of Gender is Increasingly Nonbinary." An additional 16% of those surveyed said they know a person who identifies as transgender”

MISCELLANEOUS (including humour) 

Google employees are pushing back against the sea change in the company’s culture and values - and some are being fired. 

Turns out that the “Peleton Wife” ad might not have hurt them as much as you might think. However, their stock dropped 12% after the fourth quarter report showed a 77% increase in revenue that still managed to be below market predictions. Interesting discussion around going viral in a negative fashion.

[crazy4tank]

High Demand For Electric Vehicles Is Draining California's Rebate Program

New Post has been published on https://coolcarsnews.com/high-demand-for-electric-vehicles-is-draining-californias-rebate-program/

High Demand For Electric Vehicles Is Draining California's Rebate Program

The program that will sparked California's zero-emissions purchasing bonanza is reportedly operating on fumes. That's the evaluation from the Ca Air Resources Board (CARB), which introduced Friday that its Clean Automobile Rebate Project will be from cash within a month, as a result of spike in electric automobile users taking advantage of the program because the middle of 2020. Based on CarsDirect , a similar situation took place during the summer of 2019—after EV sales spiked through 3. 3 percent in order to 5. 6 percent of most cars sold in the state — although more financing was available by the drop. So far, CARB hasn't uncovered when its rebate coffers will be replenished.

EVs now be aware of almost eight percent associated with car sales, thanks to the jump in sales in the center of 2020. Roughly two-thirds of EV owners signed up for the discount program to the point where this particular year's pile of apps have exceeded levels documented this time of year in 2020.

ASSOCIATED: What Biden's Facilities Bill Means For American EVs, School Buses, Roads Plus Bridges

The benefits to getting the rebate are worthy of a credit card applicatoin and aren't strictly restricted to EVs, which can offer bonuses like $2, 000 upon cars like the Chevy Bolt. Owners of hybrids such as the Toyota RAV4 Prime qualify to receive $1, 000, whilst owners of hydrogen gas cell vehicles like the Toyota Mirai can get up to $4, 500.

"The demand for EVs, particularly by lower-income customers, continues to grow, clearly demonstrating there is a broad range of models of EVs available today to meet all customer needs, ” said CARB Executive Officer Richard W. Corey.

CARB provides since established a waiting around list to address applications after the program gets more financing. In the meantime, EV consumers nevertheless can get access to other applications like the California Clean Gas Reward, which offers upfront financial savings of up to $1, 500. Extra opportunities worth pursuing consist of the Clean Air Vehicle Decal, and a number of local government plus community funding endeavors.

California offers led the charge meant for green technology for years, pressing such goals as zero emissions for shipping trucks and vans simply by 2024 and appealing automakers to embrace the particular state's gasoline efficiency initiatives in 2019 when the government dropped national clean-air criteria. California is also one of twelve states pressuring the White House in order to ban gas-powered vehicles simply by 2035 .

Sources: Ca Air Resources Board , CarsDirect

NEXT: President Biden Tours EV Plant Within Push To Overtake China's Foothold On Market

[orbemnews]

The world is waking up to the climate crisis. Just look at Wall Street Angel Gurría, the head of the OECD, told CNN Business that the summit, which continues on Friday, is a huge step in fighting the climate crisis. “It’s completely turning the expectations around, and now with the United States leading the charge rather than holding everything back, this is the big game changer,” he told Julia Chatterley on her show “First Move.” But will the United States stay committed to the goal, especially after four years of climate denial from the previous occupant of the White House? According to John Kerry, the US Special Presidential Envoy for Climate, you don’t have to take the administration’s word for it. Instead, look at the actions of companies and investors. “There’s a company called Tesla, which is the highest-valued automobile company in the world. Why? All it makes is one product: electric vehicles. That is what is happening. That’s a signal. That’s the market saying, ‘Here we are. This is going to happen,’ ” Kerry told reporters on Thursday. He’s not wrong. Wall Street and Corporate America are waking up to the climate crisis, and many companies are putting money to work to address the crisis. But there are still huge challenges, and more investment needed. The numbers: A record $501 billion was pumped into the energy transition in 2020, according to BloombergNEF. The WilderHill New Energy Global Innovation Index, which tracks shares in 125 global companies that aim to address climate change, hit an all-time high earlier this year. The flood of money comes as clients push fund managers to create portfolios built around sustainable businesses. Assets in sustainable funds hit a record high of $1.65 trillion at the end of last year, up 29% from the previous quarter, according to Morningstar. Collateral damage: The magnitude of money now looking for a home is also feeding concerns that some will inevitably flow to unworthy companies, reports Julia Horowitz, your usual Before the Bell correspondent. And memories of a previous boom-bust cycle in green investing linger. But can climate progress be reversed? Kerry doesn’t think so. “These companies have made this critical, long-term, strategic marketing judgment — and that is the way the market is moving — no politician, no matter how demagogic or how potent and capable they are, is going to be able to change what that market is doing, because it will have moved. It’ll have four years of entrenchment. And those jobs will be there,” he said. India is churning out billion-dollar startups India’s startup community is experiencing an unprecedented funding bonanza, my CNN Business colleague Diksha Madhok reports from New Delhi. But can the companies make any money? In the first four months of 2021, 11 Indian companies have attained unicorn status, meaning they’ve reached a valuation of at least $1 billion, according to data platform Tracxn. Five startups hit that milestone in April alone. By comparison, there were 13 in all of 2020, and 10 in 2019. The play: The boom is in large part thanks to investment by firms such as Tiger Global and SoftBank, which are pumping money into India’s fast growing internet businesses — a prize many investors simply find too big to ignore. Not only are more companies amassing this kind of money than ever, but they’re also doing so at a record-breaking clip. But the seemingly endless fundraising cycles may eventually produce diminishing returns, worry many industry experts, who say India’s startups need to start showing consistent profits and healthy exits for investors, and soon. “It is great that Indian startups are going through this funding boom. But they will need to find sustainable business models, which make a lot of money, in order to survive,” said Radhika Gupta, CEO of Edelweiss Asset Management Limited. Reasons to worry: Flipkart — now controlled by Walmart (WMT) — is the only Indian tech unicorn to have been acquired at a valuation of more than $1 billion. And no tech startup worth more than $1 billion has gone public. “By inflating valuations in the private market, you are postponing your ability to go into the public market,” said Karthik Reddy, co-founder of venture capital firm Blume Ventures. “We don’t have large tech acquirers, so you can’t wait for a Walmart to come and buy your biggest asset every time,” he added. A guide to the Wild Wild West Bitcoin and its many peers have surged to new levels of popularity over the past year, but they’re still a mystery to many investors. With new “coins” cropping up all the time, it’s hard to keep track of what’s worth paying attention to and what might not be here to stay. Ranked by their market value in US dollars, the biggest cryptocurrencies in the world are bitcoin, Ethereum, Binance Coin, XRP and Tether, according to CoinMarketCap. Their market values range from more than $1 trillion to around $50 billion. But that doesn’t tell us anything about how they work and how valuable the single coins might be in a broader context. Bookmark this: From my CNN Business colleague Anneken Tappe, here’s your guide to the biggest digital currencies. Up next Honeywell (HON), American Express (AXP) and Schlumberger (SLB) report earnings before the opening bell. Also today: US data on new home sales will be released at 10 a.m. ET. Coming next week: Earnings season continues with results from Tesla (TSLA), BP (BP), Google (GOOGL) owner Alphabet, Microsoft (MSFT) and many others. Source link Orbem News #Climate #crisis #investing #Premarketstocks:Theworldiswakinguptotheclimatecrisis.JustlookatWallStreet-CNN #Street #Waking #Wall #World

[dipulb3]

The world is waking up to the climate crisis. Just look at Wall Street

New Post has been published on https://appradab.com/the-world-is-waking-up-to-the-climate-crisis-just-look-at-wall-street/

The world is waking up to the climate crisis. Just look at Wall Street

Angel Gurría, the head of the OECD, told Appradab Business that the summit, which continues on Friday, is a huge step in fighting the climate crisis.

“It’s completely turning the expectations around, and now with the United States leading the charge rather than holding everything back, this is the big game changer,” he told Julia Chatterley on her show “First Move.”

But will the United States stay committed to the goal, especially after four years of climate denial from the previous occupant of the White House?

According to John Kerry, the US Special Presidential Envoy for Climate, you don’t have to take the administration’s word for it. Instead, look at the actions of companies and investors.

“There’s a company called Tesla, which is the highest-valued automobile company in the world. Why? All it makes is one product: electric vehicles. That is what is happening. That’s a signal. That’s the market saying, ‘Here we are. This is going to happen,’ ” Kerry told reporters on Thursday.

He’s not wrong. Wall Street and Corporate America are waking up to the climate crisis, and many companies are putting money to work to address the crisis. But there are still huge challenges, and more investment needed.

The numbers: A record $501 billion was pumped into the energy transition in 2020, according to BloombergNEF. The WilderHill New Energy Global Innovation Index, which tracks shares in 125 global companies that aim to address climate change, hit an all-time high earlier this year.

The flood of money comes as clients push fund managers to create portfolios built around sustainable businesses. Assets in sustainable funds hit a record high of $1.65 trillion at the end of last year, up 29% from the previous quarter, according to Morningstar.

Collateral damage: The magnitude of money now looking for a home is also feeding concerns that some will inevitably flow to unworthy companies, reports Julia Horowitz, your usual Before the Bell correspondent.

And memories of a previous boom-bust cycle in green investing linger. But can climate progress be reversed? Kerry doesn’t think so.

“These companies have made this critical, long-term, strategic marketing judgment — and that is the way the market is moving — no politician, no matter how demagogic or how potent and capable they are, is going to be able to change what that market is doing, because it will have moved. It’ll have four years of entrenchment. And those jobs will be there,” he said.

India is churning out billion-dollar startups

India’s startup community is experiencing an unprecedented funding bonanza, my Appradab Business colleague Diksha Madhok reports from New Delhi. But can the companies make any money?

In the first four months of 2021, 11 Indian companies have attained unicorn status, meaning they’ve reached a valuation of at least $1 billion, according to data platform Tracxn. Five startups hit that milestone in April alone. By comparison, there were 13 in all of 2020, and 10 in 2019.

The play: The boom is in large part thanks to investment by firms such as Tiger Global and SoftBank, which are pumping money into India’s fast growing internet businesses — a prize many investors simply find too big to ignore. Not only are more companies amassing this kind of money than ever, but they’re also doing so at a record-breaking clip.

But the seemingly endless fundraising cycles may eventually produce diminishing returns, worry many industry experts, who say India’s startups need to start showing consistent profits and healthy exits for investors, and soon.

“It is great that Indian startups are going through this funding boom. But they will need to find sustainable business models, which make a lot of money, in order to survive,” said Radhika Gupta, CEO of Edelweiss Asset Management Limited.

Reasons to worry: Flipkart — now controlled by Walmart (WMT) — is the only Indian tech unicorn to have been acquired at a valuation of more than $1 billion. And no tech startup worth more than $1 billion has gone public.

“By inflating valuations in the private market, you are postponing your ability to go into the public market,” said Karthik Reddy, co-founder of venture capital firm Blume Ventures.

“We don’t have large tech acquirers, so you can’t wait for a Walmart to come and buy your biggest asset every time,” he added.

A guide to the Wild Wild West

Bitcoin and its many peers have surged to new levels of popularity over the past year, but they’re still a mystery to many investors.

With new “coins” cropping up all the time, it’s hard to keep track of what’s worth paying attention to and what might not be here to stay.

Ranked by their market value in US dollars, the biggest cryptocurrencies in the world are bitcoin, Ethereum, Binance Coin, XRP and Tether, according to CoinMarketCap.

Their market values range from more than $1 trillion to around $50 billion. But that doesn’t tell us anything about how they work and how valuable the single coins might be in a broader context.

Bookmark this: From my Appradab Business colleague Anneken Tappe, here’s your guide to the biggest digital currencies.

Up next

Honeywell (HON), American Express (AXP) and Schlumberger (SLB) report earnings before the opening bell.

Also today:

US data on new home sales will be released at 10 a.m. ET.

Coming next week: Earnings season continues with results from Tesla (TSLA), BP (BP), Google (GOOGL) owner Alphabet, Microsoft (MSFT) and many others.

[rosinna18]

Season 1 Overview:

24 ladies exited in the limo looking for love, but only one would leave as a bride. Devonte Kellogg, the charismatic social media influencer was the object of their affections and had the difficult job of deciding which lovely lady would spend her days as his wife. The 10 weeks were filled with fires, fights, fish facts, and of course lots and lots of romance. In the end it Devonte was left with the difficult decision of deciding between two women he truly loved, but knew only one continued to fill his every waking thought...

The Bachelor

Devonte Kellogg

The Contestants (in order of appearance)

Johanna Ogden Haylee Burleson Tuesday Hopson Logan Mabry Priscilla Weber Nathalie Caldwell Avalyn Skinner Wanda Potts Haven Gale Jessica Cunningham Posie Rowan Pearl Thacker Rosabel Lowry Isabella Morrison Ari Simms Jordin Parks Delphine Shepherd Regan Reynoso Angie Krause Fay Oswald Jaelyn Yarger Elva Holm Ayana Burrell Cecelia Duggan

Season 1 brought a brand new dating show on the Rose Garden Network.

The Bachelor was the very first reality show/”Friday Series” to be featured on the channel - setting a benchmark for all of the spectacular Friday content that followed. 

It premiered on October 4th 2019 and ran until December 27th 2019 (reunion included).

The Bachelor returned on January 31st 2020 for a special one-off wedding episode where Devonte and the winner were wed. 

This season featured 24 women entering in groups of 8 in hopes of wooing Devonte.

The reunion, affectionately titled the Baby Bonanza, was planned to feature Devonte reuniting with each of the Top 10 ladies and getting each of them pregnant with both a boy and a girl to see what could have been should they have won. Due to technical difficulties the reunion was not archived save for the results that were revealed on Discord later that night. 

The season had no specific theme, opting for a general romantic vibe, borrowing assets from its simblr predecessor.

[mycryptosuite]

Friday Bonanza Unfailing 3direct For 05/03/2021

Friday Bonanza Unfailing 3direct For 05/03/2021

Friday Bonanza Unfailing 3direct For 05/03/2021 Friday bonanza unfailing 3direct for today and nothing will make us not to win as usual – bonanza lotto banker two sure live drop with 2sure included. Bonanza live banker: Friday bonanza lotto golden chance – Here are Baba Ijebu Lotto Bonanza Prediction for the next draw: 05 March 2021.Continue reading

[shaizstern]

Article from WSJ: For the New Year, Say No to Negativity

Bad experiences affect us much more powerfully than good ones, but there are ways to deal with this destructive bias and overcome it

JAMES YANG

By John Tierney and Roy F. Baumeister

Dec. 27, 2019 

The new year is supposed to bring hope, but too often it feels grim. We resolve to be virtuous—to lose weight, to exercise, to unplug from social media—but we recall past failures and fear another losing struggle. We toast to a better, happier world in 2020, but we know there will be endless bad news and vitriol, especially this election year.

We could use a fresh approach. For 2020, here’s a resolution that could actually work: Go on a low-bad diet.

Our minds and lives are skewed by a fundamental imbalance that is just now becoming clear to scientists: the negativity effect. Also known as the negativity bias, it’s the universal tendency for bad events and emotions to affect us more strongly than positive ones. We’re devastated by a word of criticism but unmoved by a shower of praise. We see the hostile face in the crowd and miss all the friendly smiles. We focus so much on bad news, especially in a digital world that magnifies its power, that we don’t realize how much better life is becoming for people around the world.

The negativity effect sounds depressing—and it often is—but it doesn’t have to be the end of the story. By recognizing it and overriding our innate responses, we can break destructive patterns, make smarter decisions, see the world more realistically and also exploit the benefits of this bias. Bad is stronger than good, but good can prevail if we know what we’re up against.

Our brain’s negativity bias evolved because it is a survival mechanism. But what worked for our ancestral hunter-gatherers doesn’t always work for us.

The negativity effect is a fundamental aspect of psychology, yet it was discovered only in the past two decades and quite unexpectedly, as social scientists became intrigued by a couple of patterns. Psychologists studying people’s reactions had found that a bad first impression had a much greater impact than a good first impression, and experiments by behavioral economists had shown that a financial loss loomed much larger than a corresponding financial gain.

What gave bad its greater power? To investigate, the social psychologist Roy Baumeister (co-author of this piece) and colleagues at Case Western University looked for situations in which bad events didn’t have such a strong impact. They proposed to “identify several contrary patterns” that would enable them to “develop an elaborate, complex and nuanced theory about when bad is stronger versus when good is stronger.”

But they couldn’t. To their surprise, despite scouring the research literature in psychology, sociology, economics, anthropology and other disciplines, they couldn’t find compelling counterexamples of good being stronger.

Studies showed that bad health or bad parenting makes much more difference than good health or good parenting. A negative image (a photograph of a dead animal) stimulates more electrical activity in the brain than does a positive image (a bowl of chocolate ice cream). The pain of criticism is much stronger than the pleasure of praise. A single bad event can produce lifelong trauma, but there is no psychological term for the opposite of trauma because no good event has such a lasting impact.

The psychologists had discovered a major phenomenon, one that extended into so many different fields that the overall pattern had escaped notice. While writing up the results, Dr. Baumeister happened to visit the University of Pennsylvania and learned that a psychologist there, Paul Rozin, was also working on a paper about this effect, and they agreed to share credit in 2001 by publishing their findings simultaneously. Dr. Rozin’s paper, “Negativity Bias, Negativity Dominance and Contagion,” co-written with Edward Royzman, was published in the journal Personality and Social Psychology Review. Dr. Baumeister’s paper, co-authored with Ellen Bratslavsky, Kathleen Vohs and Catrin Finkenauer, was published in the Review of General Psychology and titled simply “Bad Is Stronger Than Good.”

Both are now among the most cited papers in the social-science literature. They’ve inspired psychologists and a wide range of other researchers to conduct hundreds of studies of the negativity effect, discovering it in new places, analyzing its effects and testing ways to exploit it when it’s useful and overcome it when it’s not.

Our brain’s negativity bias evolved because it is a survival mechanism. On our ancestral savanna, the hunter-gatherers who passed on their genes were the ones who paid more attention to threats (like poisonous berries or predatory lions) than to the good things in life. This bias is still useful—one mistake can still be fatal—but what worked for hunter-gatherers doesn’t always work for us.

The urge to load up on fattening calories was useful in lean times on the savanna, but it can lead to obesity and ill health when junk food is available to tempt you all day long. Today we’re assailed around the clock by the merchants of bad. Politicians and journalists tap into primal emotions by hyping threats from nature, technology, foreigners, political opponents—whatever will instantly trigger the brain’s alarm circuits. The presidency of Donald Trump has been a ratings bonanza because it has brought out the worst on both sides. Rarely a week goes by without some new warning that civilization is doomed.

Once psychologists identified the negativity effect, they realized it had been distorting their own profession for a century. Because negative events had stronger effects, these phenomena were easier to distinguish and measure than positive ones, so psychology journals and textbooks had devoted more than twice as much space to analyzing problems than to identifying sources of happiness and well-being. The research was further distorted when it reached the public, because it was filtered through journalists eager for news with the most immediate impact—which, of course, meant bad news.

So the public learned lots about psychoses and depression but precious little about the mind’s resilience and capacity for happiness. Post-traumatic stress disorder became common knowledge but not the concept of post-traumatic growth, which is actually far more common. Most people who undergo trauma ultimately feel that the experience has made them a stronger and better person.

After recognizing their own bias, psychologists began compensating for it by studying the “positivity ratio,” which is the number of good events or emotions for every bad one. Researchers saw that older people are typically more contented than younger people because they’ve learned how to improve this ratio in their lives. They’ve gone on a low-bad diet, and that general approach can work for people of all ages. Here are a few strategies:

First, do no harm. We pride ourselves on the many good things we do for our family and friends, or for going the extra mile in pleasing customers and clients, but what really matters is what we don’t do. Avoiding bad is far more important than doing good. You get relatively little credit for doing more than you promised, but you pay a big price for falling short.

By tracking couples over time, psychologists have found that the success of marriages depends mainly on the frequency of negative interactions and how people deal with negativity. In marriages destined for success, people overlook their spouse’s flaws, maintaining what researchers call “positive illusions.” When something goes wrong, they either give their spouse the benefit of the doubt or respond calmly so as not to escalate the conflict. In marriages that fail, people assume the worst and respond angrily—and because bad emotions are so powerful and contagious, a minor argument can quickly spiral into a major fight.

Minimizing the negative is similarly crucial in business. Angry customers can have such a disproportionate impact—especially the ones who post online reviews—that market researchers refer to them as “terrorists.” Research into the varieties of “bad apples” in the workplace has shown that the performance of a team depends not on the average of its members’ abilities but rather on the ability of the worst member. Several stars can’t compensate for a dud.

Remember the Rule of Four. Many studies—of spouses’ interactions, people’s diaries, workers’ moods, customers’ ratings—have shown that a negative event or emotion usually has at least three times the impact of a comparable positive one. So to come out ahead, we suggest keeping in mind the Rule of Four: It takes four good things to overcome one bad thing.

This is a rule of thumb, not a universal law of nature. It doesn’t apply to every person in every situation, but it’s a useful gauge of well-being and progress. If you and your partner are having sex four times more often than you fight, that’s probably a healthy relationship. If you want to keep your business afloat, aim for at least four satisfied customers for every unsatisfied one. If you have four good days at work from Monday to Thursday, that’s usually enough to make up for a bad Friday. (Obviously, that 4-to-1 ratio wouldn’t be much comfort if on Friday you get fired, but that wouldn’t be a typical week.)

Keep that ratio in mind when considering the impact of your actions. If you’re late for one meeting, you won’t redeem yourself by being early the next time. If you say or do something hurtful, don’t expect to atone for it with one bit of goodwill. Plan on at least four compliments to make up for one bit of criticism.

Put the bad moments to good use. Instead of despairing at a setback, override your gut reaction and look for a useful lesson. The upside of the negativity effect is its power to teach and motivate. Penalties are usually more effective than rewards at spurring students and workers to improve. They’re also more effective in motivating sinners to repent, which is why hell-fearing religions have historically grown faster than ones preaching a benevolent message.

The self-esteem movement—one of the sorrier mistakes in psychology—left many parents reluctant to criticize or penalize children, and the everybody-gets-a-trophy philosophy has produced rampant grade inflation in high school and college. Students routinely get As and Bs for mediocre or poor work, so they’re learning less than in the past. No one likes getting—or handing out—bad grades, but these force the students to focus on what needs to be improved.

Capitalize on the good moments—and then relive them. Of all of Mark Twain’s aphorisms, the one with the most empirical support is a bit of wisdom from the title character of Pudd’nhead Wilson: “To get the full value of a joy, you must have somebody to divide it with.” Psychologists call it capitalization and have found that sharing good news is one of the most effective ways to become happier—but only if the other person responds enthusiastically, so make sure you rejoice in your friend’s good fortune (or at least fake it).

Sharing good news makes the triumph more significant, so it’s more likely to be recalled later, which is another proven way to boost happiness. Engaging in nostalgia was long considered a sign of depression, but experimenters have repeatedly found it’s a tool not just for appreciating the past but also for brightening both the present and the future. One reason that happiness increases beyond middle age is that older people spend more time savoring good memories instead of obsessing about today’s worries.

See the big picture. Just about every measure of human welfare is improving except one: hope. The better life gets, the gloomier our worldview. In international surveys, it’s the rich who sound the most pessimistic—and the worst informed. The global rate of poverty has declined by two thirds in recent decades, but most people in affluent countries think it has remained steady or gotten worse. Crime has plummeted in the U.S., but most Americans think it has risen because they see so much mayhem on their screens.

The same basic approaches for dealing with the power of bad in your personal relationships and business—minimize the negative, accentuate the positive—can help you to overcome the negative bias that skews politics and public opinion. When there’s a school shooting or a terrorist attack, don’t wallow for hours watching the live coverage. When politicians and pundits are attacking each other, switch channels. By choosing your online friends carefully and curating your news feed, you can follow the Rule of Four—at least four uplifting stories for every bad one—and get a much more accurate view of the world.

By rationally looking at long-term trends instead of viscerally reacting to the horror story of the day, you’ll see that there’s much more to celebrate than to mourn. No matter what disasters occur in 2020, no matter who wins the presidential election, the average person in America and the rest of the world will in all likelihood become healthier and wealthier. Those who go on a low-bad diet will also become wiser—and happier, too.

[orbemnews]

GM, Ford and other carmakers can't get enough chips. It's a huge problem Chief Financial Officer John Lawler said that if the problem drags on through the spring, the company’s earnings could take a $1 billion to $2.5 billion hit. It’s not just an issue for Ford. GM (GM) is shutting some plants in the United States, Canada and Mexico next week due to the insufficient supplies, while Volkswagen, Fiat Chrysler (FCAU), Toyota (TM), Nissan (NSANF) and Honda (HMC) have also been affected. “Despite our mitigation efforts, the semiconductor shortage will impact GM production in 2021,” GM said in a statement this week. “We are currently assessing the overall impact, but our focus is to keep producing our most in-demand products — including full-size trucks and SUVs and Corvettes — for our customers.” The backstory: Leading semiconductor manufacturers reassigned capacity from automakers last year after the pandemic hurt car sales, instead shipping chips to companies that produce smartphones, gaming systems and other tech gadgets that were in high demand. Now, supplies remain tight, and carmakers are struggling to secure the chips they need. The tiny parts are essential to production. The average car has between 50 to 150 chips, which are used in a growing number of applications, including driver assistance systems and navigation control. Bottlenecks may persist for months, weighing on the auto sector as it tries to recover from the pandemic. It could even force some companies to raise prices. “The current chip shortage poses a big threat of further slowdowns in production for the entire industry,” Jessica Caldwell, executive director of insights at Edmunds, told clients this week. Investor insight: Wall Street is mostly looking past the turmoil, sending auto stocks higher as companies make increasingly bold commitments about future production of electric and autonomous vehicles. Ford said Thursday it will invest invest $29 billion in electric and self-driving cars, though it needs to play a bit of catch-up, my CNN Business colleague Chris Isidore reports. EVs already make up nearly 3% of Volkswagen’s global sales, while GM announced last week that is expects to exclusively sell emission-free vehicles by 2035. But the longer the chip shortage drags on, the more it could hurt the industry — even as lockdowns end and demand for cars starts to pick back up. Up next: How bad is it? Investors will monitor Toyota, Nissan and Honda earnings next week for additional details. Kuaishou stock soars in biggest IPO since 2019 Kuaishou’s stock skyrocketed Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. The details: Shares closed at 300 Hong Kong dollars ($38.70) apiece, a 161% jump over the 115 Hong Kong dollars ($14.80) issue price. The company raised a total of 41.3 billion Hong Kong dollars ($5.3 billion) in the offering, my CNN Business colleague Michelle Toh reports. If the company exercises an over-allotment option, the total raised could hit 47 billion Hong Kong dollars ($6.1 billion). Big picture: It’s the world’s biggest tech listing since Uber’s IPO in May 2019, and the largest public offering globally since Saudi Aramco’s in December 2019, according to Refinitiv. Kuaishou is one of China’s leading social media firms. The Tencent-backed company, whose name means “fast hand” in Chinese, owns an eponymous short-video and live-streaming app. Its platforms and mini programs have more than 300 million daily active users. It gets most of its revenue from the live-streaming business, where users can buy virtual items and present them as gifts to their favorite hosts. Live-streaming transactions accounted for 84% of revenue in 2019, according to a stock exchange filing. It also makes money off online advertising. “This is an incredible outcome,” said David Chao, co-founder and general partner of DCM, a Silicon Valley venture capital firm with $4 billion under management. His company was one of the earliest investors in Kuaishou, leading one of its first funding rounds back in 2014. DCM still has a 9% stake in the social network, which is now worth more than $14 billion. The firm said that would generate a return of roughly 600 times its original investment. That said: The listing also comes as the tech sector faces an escalating regulatory clampdown in China. Tensions with regulators derailed Ant Group’s IPO late last year. Kuaishou alluded to that risk in its filings, pointing to “the fact that the internet business is highly regulated in China.” Super Bowl LV will be a bonanza for gambling companies The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are already champs, my CNN Business colleague Paul R. La Monica reports. See here: DraftKings shares have surged 35% this year ahead of Sunday’s game. Its stock is up 260% since it went public last April following a merger with a “blank check” special purpose acquisition company, or SPAC. This is the third Super Bowl since the Supreme Court legalized sports betting at the state level in 2018. More than two dozen states and Washington, D.C. have since approved measures allowing bets to be placed at physical locations (known as sportsbooks), via mobile apps or online. That means 2021 could be the best year yet for the gambling giants. Shares of UK-based Flutter Entertainment, owner of DraftKings rival FanDuel, are up about 67% in the past year. Casino owner Penn National Gaming, which bought a big stake in Barstool Sports last year, has soared nearly 300% since the beginning of February 2020. “Demand is off the charts,” said FanDuel CEO Matt King in an interview with CNN Business Thursday. “This will be biggest event in the company’s history.” Major growth: For 2019’s Super Bowl, Robins notes, DraftKings was able to take bets from users in just one state: New Jersey. Last year, the app was live in five states. Now, it’s up to 12. Game on. Up next The US jobs report for January arrives at 8:30 a.m. ET. Economists surveyed by Refinitiv expect to learn that America’s economy added 50,000 jobs last month, after shedding 140,000 positions in December. Coming next week: Earnings season marches on with results from Fox Corporation (FOXA), Twitter (TWTR), GM (GM) and Uber (UBER). Source link Orbem News #Carmakers #chips #Ford #GMandothercarmakersareindesperateneedofchips-CNN #huge #investing #Premarketstocks:Ford #Problem

[caveartfair]

What Sold at Art Basel in Hong Kong

Installation view of Lee Bul, Willing To Be Vulnerable - Metalized Balloon, 2019, at Art Basel Hong Kong, 2019, presented jointly by Lehmann Maupin, PKM gallery, and Galerie Thaddaeus Ropac. Couresty © Art Basel.

On the roof-deck of the Murray hotel in Hong Kong on Wednesday night, after the VIP opening of the city’s Art Basel fair, power dealer David Zwirner shimmied through the crowd at his gallery’s dance party and approached Marc Spiegler, the Swiss fair behemoth’s global director, to debrief. Zwirner had brought an ambitious booth highlighted by four new twisty sculptures by Carol Bove, who has never had a solo show in Asia, priced at $400,000 and $500,000. A historical portrait painting by Alice Neel was available for $1.7 million, an ambitious price tag for any fair. A Luc Tuymans painting was priced at $1.5 million, high enough to beat all but two of the artist’s auction results.

When Spiegler asked how he’d performed in the fair’s opening hours, Zwirner, eyes wide, bellowed, “We had a white-glove sale.”

He was perhaps not the first person to apply that auction-world phrase to a booth at a fair, but it was warranted. Zwirner had sold every last thing in the booth, a far cry from the year before, when his booth’s centerpiece, a large stainless steel sculpture by Jeff Koons, failed to find a buyer.

Zwirner echoed the prevailing narrative spun by dealers, fair directors, and visiting museum curators here in Hong Kong: Despite a correction in the Chinese art-buying frenzy that caused auctions in Hong Kong to drop 22 percent year-to-year in 2018, the city’s premier art-market moment was a success across the board, due in part to Korean and Taiwanese collectors stepping up and buying big and often, according to several dealers. While there were no trophy lots in the league of the $35 million Willem de Kooning work that sold at the Lévy Gorvy booth at this fair a year ago, larger galleries were consistently selling works for over $1 million, and some galleries with outposts in town reported sold-out exhibitions.

Melty Legs, 2018. Carol Bove David Zwirner

Carol Bove, The Golden Game, 2018. © Carol Bove. Courtesy of the artist and David Zwirner.

The performance contributed to the idea that, increasingly, the fair’s importance has become second only to the 49-year-old Art Basel fair in Basel, Switzerland, despite launching as a regional expo just 11 years ago, and then rebranding as an Art Basel fair in 2013. The key, says Art Basel’s Asia director Adeline Ooi, is the fact that the buying habits of collectors in China, a country that minted 44 new billionaires in 2018—in the midst of a region with many, many more—are still evolving, and Hong Kong is still building up the cultural infrastructure that could continue to enhance its art-market dominance.

“Our show is so young, we’re still a baby compared to everything else that’s around in the world,” Ooi said in an interview in the collector’s lounge, nestled atop the Hong Kong Convention and Exhibition Centre. “The collectors are so young here and new here, there are no set rules. There is no longer a set formula or set progression of how one goes about collecting. This is the fun bit about being in Asia—the possibilities and the potential.”

The shifting tastes could be seen in the vast chasm between the types of works that were selling at the highest levels. The top-selling artists at the Zwirner booth included Neel, a female figurative painter who died in 1984, and Tuymans, a 61-year-old Belgian figurative painter, but also the newest addition to the Zwirner roster, Liu Ye. The Chinese artist’s works have topped $5 million at auction in China, but his paintings haven’t been offered at the New York auction houses of Christie’s, Phillips, or Sotheby’s in nearly a decade. At Art Basel in Hong Kong, the small Book Painting No. 6 (2014–15) sold in the opening hours for $350,000.

A similar diversity at the highest level of sales was happening at Hauser & Wirth, which, like Zwirner, is a global mega-gallery that opened its first gallery in Asia last year when it took up two floors in Hong Kong’s H Queen’s building. Many of the big-ticket items in Hauser & Wirth’s booth were, intriguingly, new works by African-American artists—as Ooi said, “African-American artists in Asia is not something that we commonly would expect, but it is going well.” Mark Bradford’s Superman (2019) sold for $2 million, and the first work offered from the estate of the late Jack Whitten, The Eleventh Loop (Dedicated To The Memory Of Adrienne Rich) (2012), sold for $1.7 million. Lorna Simpson’s Blue True Illustration (2019) sold for $425,000.

“The change in the perception in the market of African-American artists is very dominant, right?” Hauser & Wirth partner Marc Payot said in the booth. “That’s what we talk about—diversity not just in art, but in everything. We need to go further and really establish these artists in the world as important artists and work on their markets. The Lorna Simpson piece went to an Asian museum, which will follow with a show. You can’t get any better. That’s exactly what we want.”

Book Painting No. 6, 2014-2015. Liu Ye 刘野 David Zwirner

Hauser & Wirth gave the prime real estate in its booth to a 2017 abstract painting by Zeng Fanzhi, the Chinese artist in his mid-fifties who became a bonanza for auction houses when his painting The Last Supper (2001) sold for $23.3 million at Sotheby’s Hong Kong in 2013, setting a record for a work of Asian contemporary art. After failing to find a buyer on the first day, the gallery announced late Thursday that it had successfully sold the work for a “multi-million” price, which the gallery would not elaborate upon. (An abstract painting by the artist comparable in size and look was being offered by Hauser & Wirth last year for $3 million.)

Pace Gallery had a similar mix of American artists and Asian artists, as it presented works by Yoshitomo Nara and Zhang Xiaogang—both of whom were included in the inaugural show at Pace’s first gallery in Asia, which opened in Beijing in 2008—alongside Adam Pendleton. Nara’s How Yer Doing? Stayin’ True to You? (2006) sold for $650,000; two Xiaogang works sold for $300,000 each; and Pendleton’s Untitled (masks) (2018) sold for $140,000. An even more Instagram-worthy Nara work was to be found at the booth of Blum & Poe: White Riot (2010), an enormous ceramic sculpture with a $950,000 price tag that was almost as imposing as its substantial girth. Nara’s distinctive canine could easily fill up an entire room, and because it’s ceramic, it cannot be installed outside, Blum & Poe director Emily Alderman explained in the booth. And yet by the end of the fair’s second VIP preview—the ticket-buying public was not let in until Friday—the work had sold for its asking price, though the gallery wouldn’t comment on the identity of the buyer.

Jack Whitten, The Eleventh Loop (Dedicated to The Memory Of Adrienne Rich), 2012. Courtesy of Hauser & Wirth.

Other high-priced sales at the fair included:

Nam June Paik’s Columbus (Eco-Lumbus) + Columbus Boat (1991)—a show-stopping assemblage of 11 televisions stacked atop a wooden boat, with its female figurehead flanked by two laser disc players—which sold for $600,000 at Annely Juda Fine Art.

Andy Warhol’s Campbell’s Elvis (1962), which sold at the White Cube booth on the fair’s first day for $2.8 million.

Zao Wou-Ki’s 17.02.71-12.05.76 (1971), which sold to an Asian collector at the Cardi Gallery booth for $1.8 million.

Willem de Kooning’s Seated Woman (1969/1980), which had an asking price of $975,000 and sold at the Skarstedt booth.

Georg Baselitz’s Immer noch unterwegs (2014), which sold at the booth of Galerie Thaddaeus Ropac for €1.6 million ($1.8 million) in the fair’s opening hours. Next door, Gagosian had an even larger, more breathtaking Baselitz that also sold, though the gallery would not reveal the price.

Much hand-wringing occurred over whether or not some of the works actually traded hands during the fair, or were sold in private transactions arranged beforehand, making their appearance at the expo beside the point. There was some gossip about how David Kordansky had informed some people (including this reporter) of the fair sales of two works by Jonas Wood for $175,000 and $120,000, and a Fred Eversley work for $250,000—but sent the email out before the fair even opened, thereby acknowledging pre-sales practices that are assumed to be widespread anyway.

Gagosian offered a work by Albert Oehlen in an elaborate online viewing room, and planned to have it available through the week—the thinking went that if the work was offered at the steep price of $6 million, well above Oehlen’s $4.7 million auction record, it would take some time to find a willing buyer. But instead, it sold days before Art Basel in Hong Kong opened and hours after it went live online, for the listed price. Similarly, a gallery rep at Galerie Max Hetzler told me that all five Oehlens in the booth had been placed in Asian collections prior to the fair. The gallery didn’t comment on who the collectors were, but Budi Tek, the billionaire who opened the Yuz Museum in Shanghai, posted a picture of him and his wife in the booth on Instagram.

Lorna Simpson, Blue True Illustration, 2019. Courtesy of Hauser & Wirth.

Mark Bradford, Superman, 2019. Photo by Joshua White. Courtesy of Hauser & Wirth.

For all the sales in the seven-figure range, there was every indication that the air is thinning as prices get above $10 million. There was nothing on offer even close to the $35 million an Asian collector paid for the de Kooning last year; there were no buyers for Andy Warhol’s Five Deaths on Turquoise (1963) or David Hockney’s Henry Reading (1985), both priced at $15 million at the Acquavella booth. Van de Weghe had Jean-Michel Basquiat’s Onion Gum (1983) in its booth, causing at least one fairgoer severe art-world déjà vu—Christophe Van de Weghe brought the painting to his booths at FIAC in October, Art Basel in Miami Beach in December, and TEFAF Maastricht earlier in March. It was listed at $18 million, and just like at those previous fairs, it had not sold. (It fetched $6.6 million, well below its low estimate, when it sold at Sotheby’s in 2016.)

In the six-figure range, meanwhile, works moved swiftly. Some notable sales in that range included:

Lee Bul’s Willing To Be Vulnerable - Metalized Balloon (2019), a dramatic silver zeppelin presented jointly by Lehmann Maupin, PKM Gallery, and Galerie Thaddaeus Ropac in the fair’s Encounters sector, which sold to a private museum in China on Friday. It had been priced above $200,000.

Henry Taylor’s Queen & King (2013), a 10-foot-tall double-portrait painting in Blum & Poe’s booth, which sold for $850,000.

Antony Gormley’s WAIT (2015), a suspended stainless-steel lattice sculpture, which sold for £350,000 ($460,000).

Rosemarie Trockel’s ceramic sculpture Lucky Lady (2017), which was on view in the Sprüth Magers booth and sold to a Hong Kong–based collector for €250,000 ($281,000).

Lee Ufan’s painting Dialogue (2017), which sold for $300,000 in the Lisson Gallery booth.

Lisson also sold an oil-on-linen painting by Stanley Whitney, The Last Cowboy Song (2019), for $165,000 to the Chiang Mai Art Conversation, the space in Thailand owned by collectors Christoph and Lani Zimmer.

And Skarstedt sold TO BE TITLED (2019), a painting by KAWS, whose 121-foot-long inflatable “Companion” figure had been floating in Victoria Harbour earlier in the week. The work had an asking price of $450,000.

George Condo was shown a lot of love here in Hong Kong, as a new painting, Orange and Green Female Portrait (2019), sold at Sprüth Magers for $750,000. At the Skarstedt booth, another new Condo, The Day I Went Insane (2019), sold for $1.2 million. At Almine Rech, Condo’s Boy in Striped Shirt (2011) sold for a figure between $1.2 million and $1.4 million.

Untitled, 2017. Zeng Fanzhi Hauser & Wirth

“The American market loves Condo, and I think the Asian market follows closely,” said Paul de Froment, the director of Almine Rech’s New York outpost. “I think his work is often quite sexy and colorful and I believe the Asian market likes figurative works, so that helps. It also has a Picasso connection, and we all know that Asians really love Picasso. So it’s the perfect storm, in a way.”

The result should reassure the gallery’s owner, Almine Ruiz-Picasso, of her decision to open her first space in Asia, a gallery in Shanghai that will begin hosting exhibitions this year.

“We’ve been actively developing the market for many years, and we felt we needed to get closer—not just sending PDFs or doing fairs and seeing [collectors] for a few times a year, that’s not enough,” said Damien Zhang, a director at Almine Rech who will be doing Shanghai recon for the gallery. “Shanghai is more like an art ecosystem, while Hong Kong, until now, we still feel it’s just the market.”

Almine Rech is just the most recent multinational gallery to expand beyond Europe and America to plant a flag in China. Lisson Gallery opened a space last week in Shanghai, and on Monday, Lévy Gorvy opened a space in Hong Kong, its third after New York and London. Those openings follow on the heels of Pace and Hauser & Wirth, which are among the galleries that took up spaces last year in H Queen’s, a high-rise building in the city’s Central District custom-built to host galleries. A year in, such decisions seem like smart bets. Pace sold all of the works in its Mary Corse show at H Queen’s in the first day, mostly to Asian collectors, at prices between $300,000 and $650,000. Hauser & Wirth’s Louise Bourgeois exhibition sold out, with prices as high as $4 million (well above most of the work in its fair booth).

“So we do a Bourgeois show, which I thought would be reputationally important—because it’s so on that museum level—but commercially difficult,” Payot, the Hauser & Wirth partner, said. “And we sold everything, a big part of it to this region.”

Successful gallery shows point to a future Hong Kong that could have a true art ecosystem in place, where year-round programming at the spaces will have a dialogue with exhibitions at new institutions—like the recently opened Tai Kwun and the years-in-the-making M+—to create a real cultural economy. Philip Tinari, the director of Beijing’s Ullens Center for Contemporary Art—which was founded in 2007 by the Belgian collector Guy Ullens—has become not only one of the region’s most prominent museum directors, but also an astute outside observer of the Chinese market’s evolution. He said that in the past three years, there’s been a “really serious uptick” in the status of Art Basel in Hong Kong.

Yoshitomo Nara, How Yer Doing? Stayin' True to You?, 2006. Courtesy of Pace Gallery.

Zhang Xiaogang, Man on a Stool No. 4: Oath Taker, 2018. Courtesy of Pace Gallery.

“I’ve been to every single edition of this fair since 2008, when it was Art HK, and just to watch that growth year on year has been so interesting—because at first, it was like any new art fair, kind of humble and modest,” Tinari said. “In those early years, Magnus [Renfrew] would, every year, get a few more of the big guys to come. And then they were all here, but the boss wouldn’t come, or maybe the material wouldn’t be quite at the level of what was happening in Miami or Basel.”

“Now,” Tinari said, “it’s like an actual world-class fair.”

And sales aside, there are few fairs in the world as vibrant and attractive as Art Basel in Hong Kong. The first preview day was a high-energy affair packed with collectors (and a few artists) excited to be in such a vibrant and bustling city. Carol Bove was on hand to witness her works being sold by David Zwirner’s foot soldiers, putting off a long-held antipathy toward engaging in the market this directly, sparked in part by her experience in the booth when Team Gallery showed her at Art Basel in 2002.

“That was one of my first experiences exhibiting, and getting so much feedback and being so green and shy—and it was extremely traumatizing,” Bove said, standing near her sculptures. “Traumatizing sounds like, oh, it was negative. But it wasn’t a negative experience, it was a really formative experience.”

Henry Taylor, Queen & King, 2013. © Henry Taylor. Courtesy of the artist and Blum & Poe, Los Angeles/New York/Tokyo.

George Condo, Boy in Striped Shirt, 2011. © George Condo. Photo by Matt Kroening. Courtesy of the Artist and Almine Rech.

At that moment, Zwirner came up to us, rolling over a man in a wheelchair wearing a Mickey Mouse watch—it was Kasper König, the legendary former director of the Museum Ludwig in Cologne, founder of Skulptur Projekte Münster, and another rare presence at art fairs.

“It is Kasper König, the world’s greatest curator!” Zwirner said.

Bove bent down to shake his hand.

“I’m a great admirer of your work,” König told Bove.

As Zwirner wheeled König away, Bove looked bemused—perhaps even happy—to be at an art fair.

“It’s a brutal context—it’s really hard to see the commerce so close to the art and how completely naked it is—but you see really amazing art, too, and a lot of really good people see the work,” she said. “So I totally respect the context.”

from Artsy News

[presssorg]

Despite privacy concerns, Facebook and Google’s multibillion-dollar Digital Advertising Businesses expected to keep growing

Facebook and Google’s multibillion-dollar digital ad businesses expected to keep growing, despite privacy concerns Concerns over privacy and regulation aren’t hurting Facebook Inc. and Google where it matters — their multibillion dollar advertising businesses. As the internet giants prepare to report fourth-quarter earnings, most industry analysts say growing consumer spending and the continued march from in-store to online commerce will keep digital advertising growing. That’s something investors are keen to see after a year of damaging headlines, congressional hearings and a painful share sell-off. The big political and social questions surrounding Big Tech aren’t going away. But advertisers from consumer goods giants to mom-and pop-businesses still see Google and Facebook as essential tools for reaching customers. “Facebook is definitely the one that’s caught the most blow-back,” said Andy Taylor, associate director of research at online advertising agency Merkle. “But we really haven’t seen a shift in advertiser attitude toward the platform.”

Facebook’s Instagram is doing particularly well. In the fourth quarter, ad dollars on Instagram surged 120 per cent from the same period in 2017, according to Kenshoo Ltd., which coordinates digital marketing spending for other companies. “Our advertisers that have been on Instagram more than doubled their spend year over year,” Merkle’s Taylor said. “Instagram could prop up Facebook growth for quite a while.” Equity analysts estimate Facebook and Google will post record revenue in the fourth quarter, which encompasses the holiday season and e-commerce bonanza of Black Friday and Cyber Monday. More than half of marketing dollars spent in the U.S. last year went to digital ads, which Google and Facebook continue to dominate, Eric Sheridan, an analyst at UBS wrote in a recent note. Facebook, which reports on Wednesday, will see sales surge 26 per cent to US$16.39 billion. Google parent Alphabet Inc. releases results Feb. 4 and is expected to expand revenue by 21 per cent to US$31.29 billion, according to analysts’ estimate data compiled by Bloomberg. “Broad-based global economic strength is producing very solid demand across all major digital ad platforms,” Sheridan said. Another winner will be Amazon.com Inc., which got into digital advertising much later than Facebook and Google but has been growing rapidly in the last two years. Amazon reports results on Thursday. Fourth-quarter revenue is expected to be US$71.93 billion, up 19 per cent from a year earlier. “Advertising will undoubtedly continue to be the fastest growing and highest-margin business for Amazon for the foreseeable future,” Ben Schachter, an analyst at Macquarie, said in a recent note. Amazon’s “Other” division, which includes advertising, will see revenue jump 60 per cent to US$16 billion in 2019, Schachter estimates.

That won’t necessarily come at the expense of Google and Facebook though, said Merkle’s Taylor. Instead, Amazon is luring marketing dollars away from more traditional media formats, as well as online comparison-shopping services that lost traction in recent years, he said. Twitter is also expected to keep growing revenue at a solid clip as it gets better at selling video ads and advertisers see it as a viable place to diversify some of their spending. The average analyst estimate has the company reporting US$869.1 million in revenue, up 19 per cent from a year earlier. The big online ad platforms aren’t completely out of the woods yet. User growth for Facebook’s core app in the lucrative U.S. and European markets plateaued last year, and the company warned investors in July to expect slowing revenue growth and thinner margins, leading to a 20 per cent drop in market value that the company still hasn’t recovered from. Google has been able defy gravity by keeping ad growth above 20 per cent for years, but once it slips below that, the stock will take a hit, Macquarie’s Schachter said. The internet giant will inevitably find itself competing against Amazon for only search dollars, he said. “The rivalry between these two tech giants will continue to ramp throughout the year,” Schachter said. Bloomberg.com

Published at Mon, 28 Jan 2019 18:53:35 +0000 Read the full article

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PlayStation’s Black Friday sale has some real good stuff

Listed below are all 165 gadgets

Have you ever spent the yr holding off on shopping for video games as a result of you realize sooner or later, quickly, they are going to be far cheaper? If that is you: Congratulations, you made it!

It is Vacation Buying Massive Sale Bonanza Season, as Black Friday is a piddly one week away. The offers have already begun, mates. Oh, they’re right here.

Like, as an illustration, the PlayStation Black Friday Sale. There are 165 discounted gadgets, all of which I’ve meticulously listed out under in alphabetical order. Save your thanks, I am altruistic like that.

Some highlights are Hole Knight for $7.49, God of Battle for $21.99, Nier: Automata for $29.99, and Fist of the North Star for $39.59. There’s much more from the likes of Ubisoft and Activision that warrant sifting by means of. Heck, you would possibly even wish to see what Detroit: Turn into Human is all about for $21.99!

You have acquired loads of time to make up your thoughts. This sale lasts till November 27.

Murderer’s Creed Odyssey — $40.19

Murderer’s Creed Odyssey Deluxe Version — $53.59

Murderer’s Creed Odyssey Gold Version — $64.99

Murderer’s Creed Odyssey Final Version — $77.99

Murderer’s Creed Origins — $23.99

Murderer’s Creed Origins Deluxe Version — $27.99

Murderer’s Creed Origins Gold Version — $39.99

Batman: Return to Arkham — $four.99

Name of Responsibility: Black Ops four — $47.99

Name of Responsibility: Black Ops four Digital Deluxe — $89.99

Name of Responsibility: Black Ops four Digital Deluxe Enhanced — $116.99

Name of Responsibility: Black Ops III Season Go — $24.99

Name of Responsibility: Black Ops III Zombie Chronicles — $19.49

Name of Responsibility: Black Ops III Zombie Chronicles Deluxe — $49.99

Name of Responsibility: Black Ops III Zombie Chronicles Version — $29.99

Name of Responsibility: WWII Digital Deluxe — $49.99

Name of Responsibility: WWII Gold Version — $29.99

Name of Responsibility: WWII Season Go — $24.99

Crash Bandicoot N Sane Trilogy — $19.99

Creed: Rise to Glory — $14.99

Future 2: Forsaken — $29.99

Future 2: Forsaken + Annual Go — $59.49

Future 2: Forsaken Full Assortment — $69.99

Future 2: Forsaken Digital Deluxe Version — $67.99

Future 2: Forsaken Legendary Assortment — $35.99

Detroit: Turn into Human — $21.99

Detroit: Turn into Human Digital Deluxe Version — $27.49

Diablo III Everlasting Assortment — $19.79

Diablo III: Rise of the Necromancer — $eight.99

Dishonored: The Full Assortment — $31.99

Divinity: Unique Sin 2 Definitive Version — $41.99

Doom — $14.99

Doom VFR — $14.99

Dragon Ball Fighterz — $26.99

Dragon Quest XI Digital Version of Mild — $41.99

Dying Mild — $13.99

EA Sports activities NHL 19 — $29.99

EA Sports activities UFC three — $17.99

EA Sports activities UFC Deluxe Version — $19.99

Fallout four — $14.99

Fallout four Recreation of the Yr Version — $23.99

Far Cry 5 — $26.99

Far Cry 5 Deluxe Version — $34.99

Far Cry 5 Gold Version — $40.49

FIFA 19 — $29.99

FIFA 19 Champions Version — $39.99

FIFA 19 Final Version — $49.99

Remaining Fantasy XV Pocket Version HD — $19.49

Remaining Fantasy XV Royal Version — $24.99

Firewall Zero Hour — $29.99

Fist of the North Star: Misplaced Paradise — $39.59

For Honor — $9.99

For Honor Marching Hearth Version — $29.99

God of Battle — $21.99

Grand Theft Auto On-line Megalodon Shark Money Card — $84.99

Grand Theft Auto On-line Whale Shark Money Card — $42.49

Grand Theft Auto V — $19.79

Grand Theft Auto V and Nice White Shark Money Card Bundle — $32.99

Grand Theft Auto V Premium On-line Version — $32.99

GTA On-line Felony Enterprise Starter Pack — $19.49

Grand Theft Auto V Premium On-line Version and Nice White Shark Card — $37.39

Grand Theft Auto V Premium On-line Version and Megalodon Shark Card — $79.19

Grand Theft Auto V Premium On-line Version and Whale Shark Card — $52.79

Hole Knight Voidheart Version — $7.49

Horizon Zero Daybreak Full Version — $14.99

Injustice 2 Legendary Version — $17.99

Simply Dance 2019 — $23.99

Kingdom Come: Deliverance — $29.99

LEGO DC Tremendous-Villains — $29.99

LEGO DC Tremendous-Villains Deluxe Version — $37.49

LEGO The Incredibles — $29.99

Madden NFL 19 — $29.99

Madden NFL 19 Corridor of Fame Version — $31.99

Steel Gear Survive — $14.99

Center-earth: Shadow of Battle — $19.99

MLB The Present 18 — $20.09

MLB The Present 18 All Star Version — $26.79

MLB The Present 18 Digital Deluxe Version — $46.89

Monster Hunter: World — $24.99

Monster Hunter: World Digital Deluxe Version — $29.99

Mortal Kombat XL — $5.99

Naruto to Boruto: Shinobi Striker — $35.99

Naruto to Boruto: Shinobi Striker Deluxe Version — $53.99

NASCAR Warmth three — $19.99

NASCAR Warmth three Bundle — $31.99

NBA 2K19 — $29.99

NBA 2K19 20th Anniversary Version — $49.99

NBA 2K Playgrounds 2 — $19.49

NBA Reside 19: The One Version — $19.99

NHL 19 99 Version — $39.99

Nier: Automata — $29.99

Nier: Automata 3C3C1D119440927 — $6.99

Nioh — $15.99

Nioh Full Version — $22.49

Overwatch Legendary Version — $19.79

Persona 5 — $19.99

Prey — $17.99

Prey Digital Deluxe Version — $19.99

Prey + Dishonored 2 Bundle — $25.99

Professional Evolution Soccer 2019 David Beckham Version — $34.99

Professional Evolution Soccer 2019 Legendary Version — $39.99

Professional Evolution Soccer 2019 Customary Version — $29.99

Purple Lifeless Redemption 2 Particular Version — $69.59

Purple Lifeless Redemption 2 Final Version — $89.99

Rocket League — $9.99

Rocket League Recreation of the Yr Version — $12.49

Scribblenauts Showdown — $19.99

Shadow of the Tomb Raider — $29.99

Shadow of the Tomb Raider Croft Version — $44.99

Shadow of the Tomb Raider Digital Deluxe Version — $34.99

Shadow of the Tomb Raider Season Go — $20.09

South Park: The Fractured however Complete — $14.99

South Park: The Fractured however Complete Gold Version — $22.49

Starlink: Battle for Atlas Assortment 1 Pack — $50.99

Starlink: Battle for Atlas Deluxe Version — $59.99

Starlink: Battle for Atlas Digital Version — $44.99

Star Trek: Bridge Crew — $11.99

Star Trek: Bridge Crew The Subsequent Technology Bundle — $27.49

Star Wars Battlefront II — $9.89

Unusual Brigade — $29.99

Unusual Brigade Digital Deluxe Version — $47.99

Tremendous Bomberman R — $19.99

The Crew 2 — $23.99

The Crew 2 Deluxe Version — $27.99

The Crew 2 Gold Version — $49.99

The Elder Scrolls On-line — $9.99

The Elder Scrolls On-line Assortment — $39.99

The Elder Scrolls On-line: Summerset — $14.79

The Elder Scrolls On-line: Summerset Collector’s Version — $22.19

The Elder Scrolls On-line: Summerset Collector’s Version Improve — $14.79

The Elder Scrolls On-line: Summerset Improve — $11.09

The Elder Scrolls V: Skyrim Particular Version — $19.99

The Elder Scrolls V: Skyrim VR — $29.99

The Evil Inside 2 — $19.79

The Golf Membership 2019 — $29.99

The Jackbox Social gathering Pack 5 — $19.49

The Jackbox Social gathering Quadpack — $37.49

The Final of Us Remastered — $5.99

The Sims four — $15.99

The Sims four Deluxe Social gathering Version — $19.99

Tom Clancy’s Ghost Recon Wildlands Customary Version — $19.99

Tom Clancy’s Ghost Recon Wildlands Final Version — $59.99

Tom Clancy’s Ghost Recon Wildlands Yr 2 Gold Editin — $39.99

Tom Clancy’s Rainbow Six Siege — $14.99

Tom Clancy’s Rainbow Six Siege Superior Version — $17.99

Tom Clancy’s Rainbow Six Siege Full Version — $38.99

Tom Clancy’s Rainbow Six Siege Gold Version — $26.99

Tom Clancy’s The Division — $9.99

Tom Clancy’s The Division Gold Version — $17.99

Torn — $20.99

Monitor Lab — $11.99

Transference — $14.99

Unearthing Mars 2: The Historical Battle — $9.99

Valkyria Chronicles four — $29.99

Watch Canine 2 — $17.99

Watch Canine 2 Deluxe Version — $20.99

Watch Canine 2 Gold Version — $29.99

We Completely happy Few — $40.19

We Completely happy Few Digital Deluxe Version — $59.99

Wolfenstein II: The New Colossus — $19.79

Wolfenstein II: The New Colossus Digital Deluxe Version — $19.79

WWE 2K19 — $29.99

WWE 2K19 Digital Deluxe Version — $44.99

Yakuza Kiwami 2 — $34.99

Zone of the Enders: The 2nd Runner – Mars — $20.09

Black Friday [PlayStation Store]

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