Random Acts of Kindness


1. Help cook and prepare the meal.
2. Say hi to the person next to you on the elevator or in line.
3. Send an inspirational quote to a friend
4. Tell a joke to make someone laugh.
5. Tip someone who wouldn’t normally receive a tip for their service, but who did a great job.

Find the right sequence to these sentences


  1. People generally approve of dogs eating cat food but not cats eating dog food.
  2. Tom got a small piece of pie.
  3. He waited for the stop sign to turn to a go sign.
  4. Random words in front of other random words create a random sentence.
  5. My Mum tries to be cool by saying that she likes all the same things that I do.

Knowledge@Wharton Newletter


The Wharton School
Knowledge@Wharton
June 10, 2020

SAVE THE DATE

Thank you to all who signed up for our upcoming “Leadership in the Wake of COVID-19” virtual conversation, featuring Milind Pant, chief executive officer of Amway. The topic will be leadership during the pandemic, including lessons learned and the challenges ahead.

The event will take place this Thursday, June 11, from 10:30 a.m. – 11 a.m. ET. If you are interested in attending, we invite you to register here: https://primetime.bluejeans.com/a2m/register/hyeptsba

LEADERSHIP

How the Pandemic Can Lead to a More Sustainable Future

In the wake of the COVID-19 pandemic, policymakers have a “once-in-a-lifetime opportunity” to lead the way towards a low-carbon future, says Lord Greg Barker, executive chairman of En+ Group and former member of U.K. Parliament.

PUBLIC POLICY

How the COVID-19 Lockdown Is Affecting India’s Households

Nearly a third of all households in India will be in distress without additional assistance, according to a new report coauthored by Wharton’s Heather Schofield.

SPONSORED CONTENT

WHARTON SCHOOL PRESS

Wharton School Press Newsletter
Stay up to date on the latest book news from Wharton School faculty and Press authors. Sign up for our newsletter here.

 

WHARTON BUSINESS DAILY

Live from the Wharton School on SiriusXM Channel 132
Listen to Wharton faculty and other top experts discuss the news that matters most to consumers and the business world from 10 a.m. to 12 p.m. ET Monday-Friday. Don’t have Sirius? Find segments from the show here.

LEADERSHIP

Four Ways to Keep Teams Calm and Focused During a Crisis

Jeff McLean, a former Navy fighter pilot, shares lessons that are relevant for business leaders in fast-changing times.

MANAGEMENT

What COVID-19 Teaches Us About the Importance of Trust at Work

In the age of remote work, organizations that are able to build trust between managers and employees will see stronger work relationships as well as performance, writes David De Cremer in this opinion piece.

SOCIAL IMPACT

Why ‘Growing the Pie’ Can Help Firms Deliver Purpose and Profit

Growth in investors’ fortunes does not necessarily have to be at the expense of other stakeholders, according to a new book by London Business School professor Alex Edmans.

SPONSORED CONTENT

WHARTON GLOBAL YOUTH PROGRAM

Opportunities for High School Students
The Wharton Global Youth Program, which enables high school students around the world to discover business and finance, has created summer online courses and games with sessions starting in June and lasting through mid-August — pre-college credit courses, an exciting Future of the Business World course, and a unique leadership simulation launching students to Saturn. Learn more and enroll today!

WHARTON EXECUTIVE EDUCATION

Introducing the Wharton On Series  Real-time Insights You Can Use Now

Wharton on Financial Management: Navigating the Current Crisis
Jun. 16 – Jul. 23, 2020 | Live Online
Gain powerful new insight on how to prepare both during and after a crisis. Wharton Finance faculty discuss how to simplify financial decision-making, manage near-term cash flow and liquidity, and get your organization ready for the new normal. Register today.

IN CASE YOU MISSED IT

Forbes Transformational TECH newsletter


Forbes Transformational Tech

Space Is the New Frontier for Investors

The space race reignited last week when a SpaceX crew hooked up with the International Space Station 400 miles from Earth.

The successful mission means the United States government is now pushing full speed ahead with plans to take astronauts back to the moon, Mars and beyond.

Transformational Tech - SpaceIt’s a windfall for space exploration, technology transformation and a lot of companies you may not know.

Institutional investors have been looking forward to this moment for several years. According to a November 2019 report from CNBC, analysts at UBS, Morgan Stanley, Goldman Sachs and Bank of America believe space could be a multitrillion-dollar opportunity during the next 10 to 20 years. That would be a giant step forward from the current $400 billion run rate.

The optimism is the result of new markets.

When the space shuttle Columbia exploded February 1, 2003, NASA changed. Withering political confidence led to reduced funding. The federal agency that put a man on the moon was forced to nurture relationships with innovative commercial partners. SpaceX, founded by Elon Musk in 2002, was the direct beneficiary of that shakeup.

Transformational Tech - SpaceXSource: The Awesomer

The Hawthorne, California-based company reimagined rocketry. Its reusable solid rocket boosters changed the economics of space. The cost to deliver a kilogram to the cosmos under the space shuttle program was $54,500. Reusable gear from SpaceX, according to The Conversation, reduced that expense to only $2,720.

The new math opens up lots of new business models.

In addition to ferrying astronauts to the ISS, Musk has commercial ambitions for space tourism and Starlink, a really big idea to deliver high speed internet access to the entire world. The project would blanket the planet with a constellation of 12,000 Low Earth Orbit communication satellites. But it will not have the market to itself.

Last April, CNBC reported that Amazon.com (AMZN) began working on Kuiper, a competing constellation of 3,236 LEO satellites. This follows a 2018 announcement to build AWS Ground Station, a network of 12 ground stations to transmit data to and from space.

Transformational Tech - Space SegmentsThe new economics of satellites is breathing life into the communications businesses of legacy aerospace firms, too. Teledyne (TDY) and Lockheed Martin (LMT), in addition to their defense contracting businesses, have significant exposure to extraterrestrial communications. Northrop Grumman (NOC) in 2017 spent $9.2 billion to acquire Orbital ATK, a maker of launch vehicles and satellite systems. And L3Harris Technologies (LHX) builds components to make satellite data actionable for the military.

Maxar Technologies (MXAR) may be a small fry compared to big aerospace firms, but the Colorado company is on the cutting edge of space imagery and data analytics. The company operates a constellation of geospatial satellites that managers claim is the evolution of GPS. Its tech helps application developers understand where things are in the world, and where they are moving to.

Meanwhile, many companies are still working through the heavy lifting of traditional aerospace. They are building infrastructure to get machinery and supplies to space.

Boeing (BA) is building the Space Launch System, the most powerful rocket ever conceived. If all goes according to plan, SLS will carry astronauts to the moon and possibly Mars. SpaceNews reports that the first SLS launch is expected in the second half of 2021.

Components companies like Raytheon Technologies (RTX) are helping build spacecraft for crewed missions, space suits, and momentum and reaction wheels—cool devices used to control the altitude of a space vessel without rockets.

Heico (HEI) and TransDigm Group (TDG) make mission critical, specialty electronics and engineered parts. Often, these firms are the sole supplier of such items, resulting in extremely high profit margins. As the sector expands, sales momentum is also certain to grow.

Aerojet Rocketdyne Holdings (AJRD) operates in a similar capacity. Since 1945 the California company has been involved in the design and manufacture of aerospace and defense components. The company has helped power 1,600 rocket launches and is a major contractor to NASA, the U.S. government and leading aerospace companies like Boeing.

Rocket design and Boeing are also vital to space tourism, another new space business model. Last year Virgin Galactic Holdings (SPCE) became the first public company in the sector following a merger with Social Capital Hedosophia. The company received 400 refundable deposits, and 7,957 online reservations to transport space travelers as soon as 2021, according to an Investor’s Business Daily post. Virgin is also working on rocket technology for hypersonic intercontinental travel.

All these businesses are possible because the aerospace industry is at an inflection point. Innovations are leading to new business models and new end markets. Private investors should start paying attention and owning companies on the launch pad. It’s pretty close to zero hour.

Best wishes,

Jon D. Markman


Elsewhere at Forbes

Forbes Transformational Tech - Elsewhere AI Taking A Knee: Action To Improve Equal Treatment Under The Law

How AI can help us solve social issues.

Read The Full Story →
Forbes Transformational Tech - Elsewhere Is There A Hack For Solving Food Insecurity?

These young leaders think they found a solution.

Ethical Alliance Daily News


Ethical Alliance Daily News

United Kingdom: Tesco scandal investigation dropped by Financial Reporting Council
Jun 09, 2020 06:00 pm
The accountancy watchdog has dropped its five-year investigation into an accounting scandal at Tesco that left a black hole in the supermarket group’s figures. The Financial Reporting Council said yesterday that it had closed its inquiry into a profit overstatement of £326 million that the FTSE 100 company revealed in
Read More  

Spain: Spain probes ex-King Juan Carlos over alleged Saudi bribe
Jun 09, 2020 05:30 pm
Prosecutors of Spain’s Supreme Court on Monday announced an investigation into former King Juan Carlos in connection to a contract awarded to Spanish companies to build a high-speed railway in Saudi Arabia. The investigation is the result of a separate probe by Spain’s anti-corruption prosecutors into bribes allegedly paid to
Read More  

South Korea: Court rejects arrest warrant for Samsung heir Lee Jae-yong
Jun 09, 2020 05:00 pm
A Seoul court rejected Tuesday the arrest warrant for Samsung heir Lee Jae-yong over the succession probe. The Seoul Central District Court turned down the prosecution’s request to arrest Lee, vice chairman of Samsung Electronics, saying that there is not sufficient probable cause for his arrest. At a court hearing
Read More  

United States: Jailed ex-Hong Kong official Patrick Ho released after finishing US sentence for bribery and money laundering
Jun 09, 2020 04:30 pm
Disgraced former Hong Kong minister Patrick Ho Chi-ping was released from a New York prison on Monday, after serving a jail term over a multimillion-dollar scheme to bribe top African leaders. The 70-year-old, who was jailed for 36 months and fined US$400,000 last year, was also expected to be deported
Read More  

Singapore: Singapore Mulls Tighter Anti-Laundering Rules for Casinos
Jun 09, 2020 04:00 pm
Singapore is considering tighter regulations at its casinos in an effort to prevent money laundering and financing for terrorism, according to the Casino Regulatory Authority. The regulator has already asked casino operators to lower the threshold for cash transactions that are subject to due diligence to S$5,000 ($3,588), half the
Read More  

China: Fallen Hengfeng Bank Chief Faces Trial in $1.45 Billion Capital Graft Case
Jun 09, 2020 03:30 pm
Cai Guohua, former chairman of joint stock lender Hengfeng Bank, will stand trial for his life starting Tuesday in Shandong on multiple allegations in the latest episode of a nearly three-year cleanup of the troubled bank. Cai, 55, who was placed under investigation in November 2017, faces charges including abuse
Read More  

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WORD OF THE DAY


WORD OF THE DAY
Axiomatic
ak-see-ə-MAD-ik
Part of speech: adjective
Origin: Greek, late 18th century
1

Self-evident or unquestionable.

2

(Mathematics) Relating to or containing axioms.

Examples of Axiomatic in a sentence

“You might think the solution is axiomatic, but I need more evidence.”

“The suggestion to extend the deadline was axiomatic, and the vote was unanimous.”