In 2020, we reached peak Internet. Here’s what worked – and what flopped. #SootinClaimon.Com

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In 2020, we reached peak Internet. Here’s what worked – and what flopped.

Dec 29. 2020

By The Washington Post · Geoffrey A. Fowler

Covid-19 has tested our health care, our economy and our faith. Who’d have thought it would also require a crash course in personal technology?

When the coronavirus first started upending our lives in March, I wrote about the apps, websites and services that made it possible to never leave my home. Grocery deliveries, streaming movies and video calls were “hermit tech,” I joked.

Ten months into the pandemic, hundreds of millions of Americans now rely on this tech to work from home, attend virtual school, see the doctor, go to the movies and just get our hands on some toilet paper. Not long ago, most of those were tech pipe dreams – businesses with limited reach beyond bubbles like San Francisco.

The pandemic put Silicon Valley’s boldest ideas for an app-operated life to the test, quickly and at scale. Now it’s time for an accounting of what worked, what flopped – and what’s the new normal.

“2020 reinforced the fact we nerds have known: network is just omnipresent,” says Om Malik, a venture capitalist at True Ventures. “We aren’t going online. We live online.”

The coronavirus marks an inflection point for nerds and non-nerds alike. By April, more than half of American adults felt the Internet was “essential” to life, according to Pew. Out of necessity, even my septuagenarian mother was ordering groceries on Instacart – and she likes personally thumping melons at the store.

The Zoom video chat app became a noun, verb and adjective. “I have been to a Zoom funeral, a Zoom bar mitzvah and Zoom family reunions,” says Gina Bianchini, the founder of software company Mighty Networks. “Thirty days is what you need to build a habit. We’ve been doing this for months.”

But the future won’t be decided by what’s convenient alone. New online experiences like grocery shopping and streaming first-run movies have yet to find sustainable businesses. We learned Amazon Prime, DoorDash, Instacart and Shipt subject the most vulnerable workers to low pay and punishing rules. (Amazon chief executive Jeff Bezos owns The Washington Post.) Despite some groundbreaking industry efforts, our phones and wearable health trackers have yet to play a major role in fighting the coronavirus itself.

And the coronavirus laid bare perhaps the biggest tech failure: Tens of millions of Americans couldn’t show up to school or work because they couldn’t afford broadband or just couldn’t get the flaky WiFi to work.

After a year of living extremely online, here’s what I learned we can’t live without – and what we’d rather leave behind with the rest of 2020.

– Working from home

For about 63 million American workers during the pandemic, the Internet made the once-unthinkable possible: wearing comfy sweatpants all day. But white-collar jobs built around Zoom calls, Slack messages and Dropbox files have also changed how work gets done – not entirely for the better.

It has meant longer days. A study of the early weeks of lockdown published by the National Bureau of Economic Research found the average workday increased by 48.5 minutes and the number of meetings increased by 12.9 percent. Management scientists call it a virtual form of “presenteeism”: feeling like you have to show your face for a Zoom just to make people think you’re not slacking off.

Meanwhile, overall productivity has decreased by 2 to 3 percent for most organizations, reports Bain & Company, because of poor collaboration and inefficient work practices.

Nonetheless, some remote work is probably here to stay. When Pew surveyed Americans able to work from home in October, 54 percent said they would still want to work remotely after the pandemic ends.

In a recent Washington Post Live interview, Slack’s chief executive, Stewart Butterfield, told me companies have been able to use remote work as an opportunity to reexamine all forms of office orthodoxy. “What other assumptions, what other kind of practices or processes are we kind of blindly keeping in the rotation when perhaps there are more effective ways to do?” he said.

Workplace tech needs to evolve, too. Some 57 percent of remote workers felt less connected to co-workers, according to Pew. There can also be too much connection: Every time I get a Slack message, I hear it reverberate around my house – on my computer, my phone and my iPad. Keeping a distinction between work and personal time shouldn’t be a constant battle.

– Virtual school

Almost any parent can attest things went off the rails when we had to switch to emergency remote learning.

The problem is most educational technology was designed to help support teachers in the classroom, not for completely remote learning like the pandemic. “It isn’t what anyone hoped or wished online learning would be,” says Betsy Corcoran, co-founder of education technology publication EdSurge, part of the International Society for Technology in Education. “It was like putting on swimming fins and asking people to run a sprint.”

How many hours can you expect young children to sit in front of a screen? The tech took away the fun parts of school, like recess and seeing friends, and just left the academic parts.

So are the kids all right? A study by McKinsey & Co. published in December estimates that going to remote school in the spring set White students back by one to three months in math, while students of color lost three to five months.

Even more worrisome is that even after schools had the summer to adjust and make sure students had computers and WiFi, online learning has continued to leave many behind. Software company PowerSchool, used by schools serving about three quarters of all U.S. students, reports that even into the fall, more than 30 percent of students were not “active users.” Districts report a surge in failing grades; sometimes students are just not turning in assignments.

When the pandemic is behind us, almost nobody wants young children to continue to go to school primarily through screens. But we have learned what online tools are capable of. Online summer school programs like Cadence Learning have shown potential for using student data and personalization to provide tutoring. A generation of kids that’s adapted to Zoom school is going to be a lot more open to incorporating video and apps into learning in the years to come.

Most of all, teachers and parents say virtual education reminded us of everything school actually provides, including meals, day care and social development. Adapting to how students feel is a technology problem, too. As a fifth grader named Luke Pages told my colleagues Hannah Natanson and Laura Meckler, the virtual school day is “like a roller coaster of emotions.”

– Online grocery shopping

Who would have thought scrambling for toilet paper would define 2020? We spent hours in the spring downloading new grocery apps and trying to secure delivery slots. Some 43 percent of shoppers surveyed by industry consultant Mercatus reported they had tried shopping for groceries online in 2020, almost twice the rate from two years ago.

But there’s not much evidence we’ve made a permanent shift. Overall, e-commerce accounted for just 7 percent of grocery shopping in 2020, up from 5 percent in 2019, estimates Forrester Research. Over the summer, some people became comfortable returning to grocery stores.

And many of us had terrible experiences trying to buy groceries online. Stores needed time to adjust to the surge, but it left customers in the lurch. There were frequent stock outages and personal shopping services such as Instacart could be hit or miss. (Asks my mom: How could they pick the out-of-date milk?)

“It’s just really hard logistically,” says Forrester analyst Sucharita Kodali. By her estimates, online grocery fulfillment and delivery tacks about $20 onto a normal purchase. When you’re not going to the store yourself, that means more labor for someone else to pick the products, put them into bags, drive them to your house and keep the fresh stuff cold before it goes into your fridge.

Shopping apps hide the human cost of employees – frequently gig workers – who do that work for low pay and under harsh conditions. I started calling it “Amazon guilt”: that feeling when you watch someone else drop packages at your door while you’re safely inside. During the pandemic, all we could do was leave little thank you notes or amp up tips when that was an option. After the pandemic, do we want this kind of gig working to become a permanent fixture of the economy?

– Connecting America

When the pandemic began, tens of millions of Americans didn’t have broadband Internet. Ten months later, it’s clear an Internet connection is essential to American life – a utility on the same level as water or electricity.

One frustration is we still don’t know the exact scale of the “digital divide.” The Federal Communications Commission reported 21.3 million Americans lacked access to broadband (wired or wireless) at the end of 2017. But those numbers probably undercount the real problem; in February, research firm BroadbandNow estimated 42 million Americans don’t have the ability to purchase Internet access.

Physical infrastructure like fiber-optic lines is just one part of the problem. Millions of Americans simply can’t afford the access available in their communities, including nearly a million New York City residents. While Consumer Reports estimates the average American spends $65 per month on access, in some areas companies with a near monopoly can keep prices higher.

There have been some efforts to fill the gap. In July, New York announced a plan to extend access to 600,000 residents over an 18-month period. Comcast voluntarily extended a program called Internet Essentials (originally a requirement from a merger agreement) to offer some access for just $10 per month.

And to the surprise of many advocates, more help could be on the way. The stimulus bill passed by Congress in late December included $7 billion for broadband access in 2021. That includes up to $50 each month for eligible low-income households to cover broadband bills – or up to $75 for people who live in tribal areas.

Even if that bill doesn’t become law, it signals a shift in thinking. “With the new administration, there’s going to be a real focus on the question – which is a much bigger investment than even $7 billion,” says Jonathan Schwantes, a senior policy counsel for Consumer Reports.

– Telemedicine

Doctors have been talking for decades about replacing some in-person patient visits with virtual house calls. When the pandemic shut non-emergency clinics, it finally happened. As of May, McKinsey estimates 46 percent of American consumers were using telehealth to replace canceled health care visits. Between mid-March and the summer, over 9 million Medicare beneficiaries used telemedicine, a more than 5,000 percent increase from the prior three months.

“The telemedicine genie is out of the bottle,” says Seema Verma, the administrator for Medicare and Medicaid.

Patients liked the convenience and the access to care, particularly in rural areas. Many doctors, too, report there’s a lot they can do just by seeing and talking to patients on a screen. It can be useful to see what people’s homes look like, and even talk directly to caregivers who might not be around during in-person visits.

“Satisfaction was higher for some telemedicine visits than in person visits,” said Bob Kocher, a venture capitalist at Venrock who serves on the boards of several insurance and digital medicine companies. “I can check on you every day for a couple of minutes, which is unbelievably helpful because you can tell if somebody’s looking better or worse if I see you every day.”

Still, making telemedicine stick faces hurdles. Lawmakers moved quickly in the spring to temporarily loosen rules and allow Medicare to reimburse for virtual care, but those would have to be made permanent. There’s also going to be resistance from traditional health providers that rely on in-person – and high-margin – tests like X-rays to turn a profit. They’re not entirely wrong: Good medical care requires long-term continuity you can’t get just by opening an app whenever you feel ill.

– Streaming first-run movies

The pandemic gave us all a lot more time to watch movies at home. What’s surprising is that Hollywood was finally willing to let us stream some of the good ones.

It started with “Trolls: World Tour” and then “Mulan,” when theaters closed under stay-at-home orders. 2020 marked the first time studios began experimenting selling marquee movies online at the same time they hit theaters – or instead of the big screen. For years, even as streaming has gone mainstream, big budget films have been the exclusive domain of theaters, where they tapped audiences for $9 tickets before making their way to Blu-ray and then, eventually, streaming apps.

Then in December, Warner Bros. sent shock waves through Hollywood by announcing all of its 2021 films – yes, all of them – would debut simultaneously in theaters and on its premium streaming service HBO Max, including the much-hyped “Dune” and “The Matrix 4.”

But don’t write a eulogy for movie theaters just yet.

Most studios are still holding their biggest movies for post-vaccine theater runs in 2021. The dramatic announcement by Warner Bros. was as much about a new distribution model as it was the priorities of the studio’s owner AT&T, which wants to prop up its flagging streaming service HBO Max.

It’s unquestionably more convenient to watch movies at home, even if you have to make your own popcorn. Netflix has primed us to get what we want, right away.

I was one of the people who paid $30 for an at-home digital ticket to Mulan – but there’s little evidence many other people did. It’s unlikely Disney even came close to making back its $200 million production costs by selling premium tickets. (The studio never released numbers, but it’s revealing they haven’t tried a repeat.) For most Americans, I suspect a family night out at the theater – even if it costs more – seems like a better value than a streaming ticket.

The reality, as my colleague Steven Zeitchik has written, is there’s just not enough money in streaming to support the way blockbusters are made. If we still skip the theater after the pandemic is over, prepare for a future filled with more of the low-budget wonders Netflix has come to define, like Adam Sandler’s “The Wrong Missy.”

SET up 0.64% despite virus surge, foreign inflow slowdown #SootinClaimon.Com

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SET up 0.64% despite virus surge, foreign inflow slowdown

EconDec 29. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,461.95 on Tuesday, up 9.28 points or 0.64 per cent. Total transactions amounted to Bt77.71 billion with an index high of 1,468.60 and a low of 1,440.59.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,470 amid year-end mass buy-ups of Super Savings Funds and Retirement Mutual Funds, as well as news that US President Donald Trump had signed a $900-billion stimulus package.

“However, the slowdown of foreign fund flows and uncertainty over the surge in domestic Covid-19 cases will pressure the index,” he said.

The 10 stocks with the highest trade value today were DELTA, GPSC, KEX, EA, IVL, AEONTS, CBG, PTT, KBANK and BANPU.

As of 4.30pm, the price of oil rose by US$0.50 or 1.05 per cent to $48.12 per barrel, while gold rose by $3.10 or 0.16 per cent, to $1,883.50 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 27,568.15, up 714.12 points or 2.66 per cent.

China’s Shang Hai SE Composite Index closed at 3,379.04, down 18.25 points or 0.54 per cent, while the Shenzhen SE Component Index closed at 13,970.21, down 73.89 points or 0.53 per cent.

Hong Kong’s Hang Seng Index closed at 26,568.49, up 253.86 points or 0.96 per cent.

South Korea’s KOSPI Index closed at 2,820.51, up 11.91 points or 0.42 per cent.

Taiwan’s TAIEX Index closed at 14,472.05, down 11.02 points or 0.076 per cent.

Investors cautioned against buying shares of Delta as price skyrockets #SootinClaimon.Com

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Investors cautioned against buying shares of Delta as price skyrockets

EconDec 29. 2020

By The Nation

Experts have advised investors to avoid the shares of Delta Electronics, as its price was higher than the fundamentals.

On Monday, the price of Delta shares hit a new high of Bt838 per share before closing at Bt560 per share, down Bt124 or 18.13 per cent with total transactions of Bt12.36 billion.

Supachai Wattanavitheskul, an analyst at Yuanta Securities, said Delta’s share price rose sharply because it was listed in the SET50 Index, while it gained positive sentiment from rising electric vehicle (EV) share price and the easing trade war.

“Besides, investors expected Delta’s profit to rise by 100 per cent year on year and rise even more next year,” he said.

He said the price of Delta shares had risen by four times its fair value of Bt197 per share, while the share’s price-to-earnings ratio was over 100 times the company’s next year’s profit forecast of Bt8.2 billion.

“To maintain the rise in share price, Delta’s profit must hit Bt15 billion next year. However, it depends on the growth in EV and Internet of Things businesses whether it can support the company’s growth or not,” he said.

He advised investors to avoid investing in the shares of Delta.

Therdsak Taweeteeratham, executive vice president of research at Asia Plus Securities, said the price of Delta shares rose sharply from investors’ hopes of the company’s growth and the change in technology.

He said it depends on investors’ speculation whether Delta’s share price would rise further or not, as there would be high risks when the share price hits a new high.

“We advise investors who have Delta shares to set up a good profit-taking point, but those who do not have such shares must consider thoroughly before speculating because they would face losses,” he said.

Nuttachart Mekmasin, a research analyst at Trinity Securities, said the price of Delta shares had almost hit its highest point.

Finance Ministry to revise economic forecast in Jan after latest outbreak #SootinClaimon.Com

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Finance Ministry to revise economic forecast in Jan after latest outbreak

EconDec 29. 2020

By The Nation

The Finance Ministry will revise its economic forecast for this year and next year in January, according to the Fiscal Policy Office on Monday.

Whether that revision is up or down will depend on the impact of the fresh Covid-19 outbreak in Thailand, it added.

However, the office said it believes the impact will be lower than the previous phase of contagion, since all parties are well-prepared to deal with the fallout.

Deputy Prime Minister Supattanapong Punmeechaow last week maintained his forecast of growth above 4 per cent for Thailand’s economy next year, citing the availability of Covid-19 vaccines.

He also maintained his forecast of 6 per cent contraction for the Thai economy this year, in line with the National Economic and Social Development Council’s projection.

There were 144 new Covid-19 infections, including 115 cases of domestic transmission, confirmed over a 24-hour period on Monday, the Centre for Covid-19 Situation Administration (CCSA) said.

SET gains as Trump gives the nod to US stimulus package #SootinClaimon.Com

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SET gains as Trump gives the nod to US stimulus package

EconDec 29. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 9.78 points, or 0.67 per cent, to 1,462.45 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,470 amid news that US President Donald Trump had signed an economic stimulus package and mass buy-ups of Super Savings Funds and Retirement Mutual Funds at the end of the year.

“However, the slowdown of foreign funds flows and uncertainty over the surge of domestic Covid-19 cases would pressure the index,” he said.

He recommended that investors buy:

▪︎ PTTEP, PTTGC, TOP and IVL, which benefit from rising oil price, and their fourth-quarter performance is expected to improve too.

▪︎ PSL, TTA and RCL, which would benefit from the rise in the Baltic Dry Index.

▪︎ TQM, BLA, STGT, AJ, PTL, SYNEX and COM7, which benefit from the Covid-19 outbreak.

The SET Index closed at 1,452.67 on Monday, down 33.64 points or 2.26 per cent. Total transactions amounted to Bt103.63 billion with an index high of 1,512.99 and a low of 1,452.48.

Gold price drops as Dow Jones Index hits new high #SootinClaimon.Com

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Gold price drops as Dow Jones Index hits new high

EconDec 29. 2020

By The Nation

The price of gold dropped by Bt150 per baht weight in morning trade on Tuesday after rising by Bt150 per baht weight at close on Monday, the Gold Traders Association reported.

As of 9.27am, the buying price of a gold bar was Bt26,650 per baht weight and selling price Bt27,750, while gold ornaments were priced at Bt26,166.16 and Bt27,250, respectively.

At close on Monday, the buying price of a gold bar was Bt26,800 per baht weight and selling price Bt26,900 while gold ornaments were Bt26,317.76 and Bt27,400, respectively.

Spot gold price moved to US$1,878 (Bt56,494) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February dropped by $2.8 to $1,880.4 per ounce on Monday after the US Dow Jones Index hit a new high, resulting in mass sell-offs of safe-haven assets.

Hong Kong gold price dropped by HK$50 to $17,370 (Bt67,364) per tael, the Chinese Gold and Silver Exchange Society reported.

Rayong records 56 new cases as schools, malls closed #SootinClaimon.Com

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Rayong records 56 new cases as schools, malls closed

NationalDec 29. 2020

By The Nation

Rayong recorded 56 new Covid-19 cases on Tuesday, as schools and pubs in the eastern province were ordered to shut.

Rayong’s outbreak now totals 148 and has spread to six districts – Muang district (116 cases), Klaeng (3), Ban Khai (4), Ban Chang (1), Khao Chamao (2), and Nikhom Phatthana (2), said Rayong governor Channa Iamsaeng.

Meanwhile, test results for 20 suspected cases are pending.

The Muang district city centre has been placed in the red zone (highly controlled status) while the four districts of Ban Chang, Nikhom Phatthana, Ban Khai, and Klaeng are under strict controls.

The list of venues ordered closed in the province includes schools, pubs, bars, entertainment venues, child development centre, day-care for both children and the elderly, massage shops, internet cafes, beauty clinics, parks, libraries, tattoo shops, cinemas, water parks, playgrounds, and shopping malls (except market zones).

The sale of alcohol has been banned in restaurants, which are closed except for take-outs/delivery.

Banks, government offices, and mobile phone shops can open as normal.

Restrictions also include a ban on transporting migrant workers, while Thai workers have been urged to refrain from returning to their hometowns. New workers entering the province face 14 days in quarantine.

Lawmakers feast on seafood to prove it’s safe #SootinClaimon.Com

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Lawmakers feast on seafood to prove it’s safe

NationalDec 29. 2020

By The Nation

Seven seafood dishes were served to members of the Cabinet for lunch on Tuesday to prove that Covid-19 cannot be transmitted via seafood.

The dishes served up on Tuesday were barbequed prawn, spicy prawn soup, stir-fried squid with shrimp paste, deep-fried sea bass with fish sauce, stir-fried shrimp with holy basil leaves, stir-fried squid with salted eggs and crab fried rice.

Deputy Prime Minister Wissanu Krea-ngam said eating seafood is not worrisome provided it is properly cooked.

Meanwhile, PM’s Office Minister Anucha Nakasai said the lunch menu focused on seafood to prove it can be consumed without fear of Covid-19.

People have been concerned about consuming seafood after the central shrimp market in Samut Sakhon proved to be the source of a recent outbreak.

Police raid Hat Yai nightclub, arrest owner on three counts #SootinClaimon.Com

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Police raid Hat Yai nightclub, arrest owner on three counts

NationalDec 29. 2020

By The Nation

The authorities raided an entertainment venue in Songkhla’s Hat Yai district on Tuesday after learning that it had stayed open beyond restricted hours and had applied no Covid-19 prevention measures.

The team of police officers as well as provincial government, excise and public health officials, showed up at 2am to find several patrons partying without any protection.

Police said the venue was partially a nightclub and stayed open till the wee hours, disturbing nearby residents.

The owner, Anthika Dokho, 29, has been arrested and faces three charges, namely selling alcohol after midnight, violating disease control measures and breaching the state of emergency.

Outbreak spreads to 45 provinces, could grow to ‘thousands of cases per day’ #SootinClaimon.Com

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Outbreak spreads to 45 provinces, could grow to ‘thousands of cases per day’

NationalDec 29. 2020Dr Taweesin VisanuyothinDr Taweesin Visanuyothin

By The Nation

Thailand recorded 155 new cases of Covid-19 on Tuesday – 134 domestic infections, 10 in state quarantine, and 11 migrant workers – taking the total since January to 6,440.

The death toll increased by one to 61.

Infection zoning map shows the spread of Covid-19 over the past 11 days – Dec 18-20, Dec 21-23, Dec 24-26, and Dec 27-29 – in red zones (more than 51 cases), orange zones (11-50 cases), yellow zones (1-10 cases).

Infection zoning map shows the spread of Covid-19 over the past 11 days – Dec 18-20, Dec 21-23, Dec 24-26, and Dec 27-29 – in red zones (more than 51 cases), orange zones (11-50 cases), yellow zones (1-10 cases).

The latest outbreak has now spread to 45 provinces, said Taweesin Visanuyothin, spokesperson of the Centre for Covid-19 Situation Administration (CCSA).

The Disease Control Department warned that cases could rise to 18,000 per day in the next two weeks if the outbreak went unchecked.

The department’s epidemiology working group calculated three possible scenarios.

Case prediction chart with red representing an uncontrolled situation where people do not follow rules, yellow representing moderate measures, and green strict measures with strong public cooperation.

Case prediction chart with red representing an uncontrolled situation where people do not follow rules, yellow representing moderate measures, and green strict measures with strong public cooperation.

First scenario (red line): If nothing is done, new cases will rise steadily until January 14 when infections reach 18,000 per day. The trend would start at 1,000-2,000 infections per day at New Year then grow steeply.

Second scenario (yellow line): If moderate measures are imposed, new cases will rise to reach 10,000 per day by mid-January.

Third scenario (green line): If strict measures are imposed and people maintain mask-wearing, hygiene and social distancing practices, cases will rise less than 1,000 per day.

“We are currently in an ‘orange line’ scenario,” said Taweesin. “I admit that I am worried because if the orange line goes up at 45 degrees, there will be thousands and thousands of infections.

“During the New Year holidays, people can travel anywhere except Samut Sakhon, which is under lockdown, but the 45 provinces with cases should have strong measures to monitor the virus. This New Year will be unusual. The threat of two- or three-digit daily infection rate has forced us to adapt to a new situation. Provinces don’t have to impose strict lockdowns, but all must adjust by tightening disease control measures,” he added.