In a World Ruled by Giants, Staying Small May Be the Smarter Play | Five Americans back on US soil after release from Iranian detention | CNN Politics | US housing starts fall to lowest level since 2020 in worrying sign for the economy

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NUS School of Computing - Analytics from Data to Insights Programme

Truein

In a World Ruled by Giants, Staying Small May Be the Smarter Play - Inc.com

I suppose in a country where constant change, reinvention, and disruptive innovation are so critical to our future that we should be grateful for the regularly refreshed stream of eager and strikingly ignorant wannabe entrepreneurs who attempt to build new businesses. I've been there many times. And let's be clear that their energies and efforts fuel and support entire industries of investors, advisers, educators, marketers, and techies. So, the whole painful process makes economic sense even if a staggeringly large proportion of the money invested ultimately ends up being wasted.

It's just a little sad to know how many of them will never get their startups out of the gate and how few of them who actually do will ever survive more than a year or eventually thrive. We never seem to tell them that well-known truth or alert them to the many pitfalls along the way. We think we're helping them by wishing them well and encouraging them on their journey. I think we can do better and give them some concrete advice and some practical plans for how to best navigate the shoals and the sharks.

If they knew the unlikely odds of success or how painful and hard the process of building a new business has become in a "winner take all" world controlled and dominated by predatory platforms and structured by tech-driven oligopolies, it's pretty clear that millions of them--even given the lack of viable alternatives these days--wouldn't start down the path. We're never going to convince them of the odds, and millions of new businesses are still being launched every year, but the competitive environment really has changed over the past decade. Going forward, the survivors are going to have to use new, more conservative strategies and adjust their expectations as to what's a reasonable outcome for all the interested parties.

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Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

Five Americans back on US soil after release from Iranian detention | CNN Politics -

Five Americans freed from Iranian detention this week returned to US soil early Tuesday following an initial stop in Doha, Qatar, two US officials told CNN.

Emad Shargi, Morad Tahbaz and Siamak Namazi, along with two Americans who have not been publicly named arrived at Fort Belvoir’s Davison Army Airfield for an emotional reunion with their family members.

The freed Americans, who were released Monday as part of a wider deal that includes the US unfreezing $6 billion in Iranian funds, will have the option to participate in a Department of Defense program known as PISA (Post Isolation Support Activities) to help them acclimate back to normal life now that they are back in the United States.

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Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

US housing starts fall to lowest level since 2020 in worrying sign for the economy - Markets Insider

A slowdown in homebuilding activity suggests higher mortgage rates are starting to take their toll on an important part of the economy.

US housing starts, which refers to the beginning of construction of a new home, plunged 11% in August to 1.23 million, representing its lowest level since June 2020. The results were lower than economist expectations of 1.44 million units.

The sharp slowdown comes as the average mortgage rate continues to linger above 7%, suggesting that the lagging nature of higher interest rates is starting to catch-up to an area of the economy that has been resilient.

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Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

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