Xi Jinping, Liu He, Yi Gang, Vladimir Putin, Facebook, Apple
Marc Ross Daily
March 19, 2018
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
Marc Ross Daily = Global Business News at the Intersection of Politics + Policy + Profits
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TOP FIVE
✔️ With grip on power assured, China’s Xi elevates lieutenants
✔️ Yi Gang named head of People's Bank of China
✔️ Smuggling of US technology is outpacing Cold War levels
✔️ Putin won more than 76% of the vote
✔️ Newly emboldened, Trump says what he really feels
ROSS RANT
How to think about communications + content + commerce and why thought leadership is important
Today the customer is in control.
Full stop.
Just this week, Snapchat, United Airlines, and Toys R Us were discounted, disrupted or defeated because customers took control.
No longer is the seller in control of the sales process, and hard sales are losing effectiveness daily.
Gone is the day when the seller could show up, make a presentation, offer some price reducing inducements, close the deal, and move on.
So what is a seller to do?
A seller must think thought leadership.
With so many goods and services available from providers around the planet, this abundance of choice can be a thought leader's differentiator.
Buyers want to be led.
They want to be informed, guided, and managed in a respected manner that makes them feel like they are part of a special cause bigger than themselves.
Enlightened organizations that embrace thought leadership from the start can develop lasting relationships with customers. Such a relationship which is shaped by forwarding thinking leadership will move a buyer to new thinking, a unique viewpoint, and a new paradigm.
Thought leadership is a choice and is not off is some inaccessible Ivory Tower.
We all have the power to be thought leaders.
Thought leadership demands merely that we are committed to working with customers and clients in a respectable manner by creating value in every step of the buyer's journey and thinking long-term.
But many of organizations continue to struggle with how to do that and connect in a meaningful manner.
As a first step, organizations must abandon aggressive sales behaviors that buyers are resisting and employing behaviors shaped by thought leadership management.
Working with boardrooms and C-Suite executives from multinational corporations, trade associations, and disruptive startups, I have seen first-hand leaders who do create compelling communications, focused content, and winning commerce are thriving and making a difference.
To harness the power of thought leadership to foster sales in this new environment, employ strategic thinking and thought leader tactics.
Use a strategy that thinks education, experience, entertainment, and easy.
Use tactics that reinforce, reward, recognize, refresh, and supported by research.
GEOECONOMICS
With grip on power assured, China’s Xi elevates lieutenants: Xi, inner circle look to shore up a sluggish economy, eradicate poverty and enhance country’s global standing amid threat of trade war with US. https://goo.gl/xA7VcE
China’s Liu He takes broad economic role as vice-premier: FT reports, powerful portfolio for Xi Jinping lieutenant who cautions against financial risk. https://goo.gl/mPYPG6
Yi Gang named head of People's Bank of China: BBC reports, China has a new Central Bank governor: Yi Gang. Yi, who has been deputy governor for the last decade, succeeds Zhou Xiaochuan and appears to represent more of the same—although he takes over a bank that has expanded powers as of last week. That includes a greater role in devising new laws for the financial and insurance sectors, although China's Central Bank is not independent of the government. https://goo.gl/bJj3N8
NYT: China to name new central bank chief as it seeks continuity amid change
Xi could rule China for decades, says US Pacific commander: AP reports, China’s removal of presidential term limits could see leader Xi Jinping stay in power for decades, the commander of US forces in the Pacific said Thursday. Adm. Harry Harris said he viewed the move as a harbinger of the authoritarian nation’s direction and the strategic threat it poses to America. https://goo.gl/vp6g29
Bloomberg - Editorial: Xi's ambition is a gamble and a challenge to the West: Xi seems out to prove nothing less than that China's model is superior -- not for the time being, not until China's most pressing problems are fixed, but for as far ahead as one can see. Whatever happens, the Chinese president will own the outcome. https://goo.gl/HmSXXY
NYT: Smuggling of US technology is outpacing Cold War levels, experts say
Crypto-criticism: G20 finance ministers: Economist reports, “a Ponzi scheme”, “a will-o’-the-wisp”, “a bubble”. As the prices of the largest crypto-currencies halved in the early months of this year, after a spectacular rise in 2017, regulators made no secret of their qualms. No surprise, then, that crypto-regulation is on the agenda when finance ministers from the world’s 20 largest economies meet in Buenos Aires over the next two days.
Russia votes: Exit polls showed that Vladimir Putin won more than 76% of the vote in Russia’s presidential election.
CNN: Putin tightens grip on power with overwhelming Russian election win
Alarm bells in Tokyo: Bloomberg reports, PM Shinzo Abe apologized in Japan's parliament as a spiraling scandal involving a discounted sale of government land showed new signs of threatening his future when the ruling party leadership comes up for a vote in September.
50 million Facebook profiles harvested for Cambridge Analytica in major data breach: Guardian reports, whistleblower describes how firm linked to former Trump adviser Steve Bannon compiled user data to target American voters.
NYT: How Trump consultants exploited the Facebook data of millions https://goo.gl/VMg7wX
CNBC: Facebook suspends Cambridge Analytica for misuse of user data, which Cambridge denies
NYT: Facebook’s role in data misuse sets off storms on two continents
The “Wild West era” is over for big tech companies: That’s what UK Culture Secretary Matt Hancock has told The Telegraph. https://goo.gl/1o1qzt
AMERICAN POLITICS
What Hope Hicks knows: NY Magazine, the departure of the Trump whisperer has left the White House in even deeper chaos. Which surely pleases some outsiders angling to get back in. https://goo.gl/mDGqzr
Election 2018: An NBC News/WSJ poll suggests the Democrats have a 10-point lead over the Republicans in the run-up to this year's midterms
Why Trump slayed his own masters of the universe: Politico Magazine reports, Trump vowed to bring business acumen to the White House. He just didn’t like it when the ideas came from someone else. https://goo.gl/DG2oCV
"Trump is simply returning to who he's always been, a one-man reality show who prefers to be surrounded by admirers who will praise and fawn over him and confirm that all his instincts are correct and brilliant and certain to succeed. The wonder is that anyone is surprised."
NYT: Newly emboldened, Trump says what he really feels
Federal budget: Lawmakers are expected to introduce a bill today that would fund the government until October at the higher spending levels agreed to last month in a two-year budget deal. The federal government runs out of money on Friday at midnight.
Trade associations to petition Trump administration to halt China-tariff plans: WSJ reports, forty-five trade associations are begging President Donald Trump to steer away from levying tariffs on China, warning that doing so "would trigger a chain reaction of negative consequences for the US economy, provoking retaliation; stifling US agriculture, goods, and services exports; and raising costs for businesses and consumers." Signatories represent the likes of Apple, Google, IBM, Nike and Walmart, among many other concerns. https://goo.gl/pFWnLH
In America, a political coalition in favor of protectionism may be emerging: Economist reports, Trump’s mercantilism is gaining steam. Straight after saying he would slap hefty tariffs on aluminum and steel imports, he is setting his sights on China, a favorite stump-speech bogeyman. This week he blocked the takeover of an American chipmaker by a Singaporean rival, because of fears of Chinese technological leadership. He is poised to act against China over its theft of intellectual property and its trade surplus. https://goo.gl/d8Z4Bq
@DanAnthonyDC: There are nearly 13,000 US tariff lines. *SHOES* alone can fall under 147 classifications that face 37 different tariff rates.Only way for “reciprocal” country/product tariffs is for all countries to eliminate all tariffs.
MBS in WDC: Saudi Arabian Crown Prince Mohammed bin Salman arrives in Washington on a grand tour of the US seeking to burnish his credentials as a decisive reformer to do business with. He’ll meet Trump tomorrow.
ENTERPRISE
NYT: Streaming soon: A fight over AT&T, Time Warner, and the future of TV https://goo.gl/4VDNb8
AT&T and the US Justice Department will face each other in court this week to decide the fate of the telecom company’s $85 billion proposed merger with media company Time Warner.
How can large legacy companies compete with the largest tech companies—Alphabet, Amazon, Apple, Facebook, and so forth—if they can’t scale up through M&A?
Don’t call it a car: China’s internet giants want to sell you ‘mobile living spaces’: WSJ reports, Baidu, Alibaba, and Tencent are betting the auto industry will shift from selling hardware to selling subscriptions to internet-equipped autonomous cars.
UPS's entire central London fleet will soon be made up of electric vehicles, marking the "beginning of the end" of what the company called reliance on the internal combustion engine
FN: JPMorgan claims AI funds played ‘major role’ in market sell-off
Analysts at the US bank think 12 funds played a part in the market volatility last month.
Bloomberg: Apple is secretly developing its own screens for the first time
“The reality is, we’re not a news organization. We’re not there to say, ‘Oh, let’s fact check this.’” -- YouTube's CEO, Susan Wojcicki, is very clear about what her firm is not.
CULTURE
Why Wikipedia works https://goo.gl/VnD9L7
SPORT
NCAA basketball: For the first time since seeding began in 1979, a region will not have a single team left in the Sweet Sixteen who entered the tournament a top-four seed — in the South, No. 1 Virginia, No. 2 Cincinnati, No. 3 Tennessee and No. 4 Arizona all lost.
Villanova and Duke, pick your poison: 538's 2018 March Madness predictions https://goo.gl/2F5VVZ
The University of Connecticut, the top seed in the NCAA Women’s tourney, won their opening round game 140-52 against Saint Francis University. They put up 94 points in the first half.