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Steve Faktor
Works at Author of Econovation; Founder at IdeaFaktory
Attended New York University Stern School of Business
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Steve Faktor

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Great response from Milton Friedman: Is Socialism less "Greedy" than Capitalism? http://on.fb.me/1UnK9dh
The facts: http://bit.ly/1UnK7lI
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What's it like to meet Elon Musk? Another excellent post from Wait But Why. Excerpt:
"[Musk's] response included the following words: hypersonic, rarefied, densifying, supersonic, Mach 1, Mach 3, Mach 4, Mach 5, vacuum, regimes, thrusters, nitrogen, helium, mass, momentum, ballistic, and boost-back. While this was happening, I was still mostly blacked out from the surreality of the situation, and when I started to come to, I was scared to ask any questions about what he was saying in case he had already explained it while I was unconscious."
When you pick up the phone, you don't expect Elon Musk to be on the other line.
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Jeff Bezos Assures Amazon Employees That HR Working 100 Hours A Week To Address Their Complaints
SEATTLE—In response to accusations of an abusive workplace environment, Amazon CEO Jeff Bezos assured employees Tuesday that the company’s human resources staff was working 100 hours a week to address their complaints.
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Study shows how Google could rig 2016 election by re-ordering search results. Same goes for Facebook/Flipboard.
America’s next president could be eased into office not just by TV ads or speeches, but by Google’s secret decisions, and no one—except for me and perhaps a few other obscure researchers—would know how this was accomplished. Research I have been directing in recent years suggests that Google, Inc., has amassed far more power...
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As a corporate they will lobby (as do most).
But they've no interest in manipulating (the likes of) you by corrupting search results.

Get a grip man!
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Top companies tout perks like unlimited vacation & 1yr paternity leave but brutal internal competition nullifies many
http://nyti.ms/1PwNfpf
Top-tier employers may be changing their official policies in a nod to work-life balance, but brutal competition remains an inescapable component of workers’ daily lives.
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Disney's Star Wars Theme Park is a great use of the brand. If executed well, this will be a huge winner.
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'Confessions of an Ad Blocker' was written 5.5 years ago. (http://bit.ly/1hwPi0N )
Funny how this is playing out today:

- Google will punish websites that try to force app downloads - because Google makes all its money from the open web. (http://tcrn.ch/1hwPi0O)

- At the same time, Apple is allowing ad-blockers into iOS, to force users into apps, which are downloaded from its app store, where publishers must pay them a cut of the app, subscriptions & ads. AKA, the closed web. http://bit.ly/1hwPf5a

Both companies are violently defending their self-interests, but only one happens to be on the side that benefits consumers. Though it is merely coincidental. Enjoy the fight, fellow pawns.
Ad blocking marks the end of many ad-supported businesses...and the rise of several new opportunities.
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Interesting excerpt on gender demographics from Date-Onomics by Jon Birger:

"The dating game is rigged, but the problem is not strategic — it’s demographic.

"Multiple studies show that college-educated Americans are increasingly reluctant to marry those lacking a college degree. This bias is having a devastating impact on the dating market for college-educated women. Why? According to 2012 population estimates from the U.S. Census Bureau’s American Community Survey, there are 5.5 million college-educated women in the U.S. between the ages of 22 and 29 versus 4.1 million such men. That’s four women for every three men. Among college grads age 30 to 39, there are 7.4 million women versus 6.0 million men—five women for every four men.

It’s not that He’s Just Not That Into You—it’s that There Just Aren’t Enough of Him."



#economics #demographics #dating #culture #trends #gender
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+Simon B​ only because it was an excerpt from a book. Their new stuff is the same tripe written by 20-something dunces as Buzzfeed and HuffPo. 
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This is definitely not a problem. Definitely.

Political Ad Spending to Hit $11.4B in 2016

http://bit.ly/1NsrhWa #campaignfinancereform
Political advertising is expected to reach a record $11.4 billion in 2016, up 20% from the previous presidential election year, according to a new report from Borrell Associates. While the bulk of the spending will continue to go to TV, Borrell expects 2016 to be the first election year in which ...
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Indeed, +Edward Morbius, there's even an infographic to show how that works:  https://plus.google.com/+Ideafaktory/posts/VAYj2rbpyBm 
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Trump probably thwarts computer viruses by having armed guards stand outside his door while he Googles himself.
The data show that fences don’t keep migrants out — they just keep them from going home.
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I find the answer is usually most easily discernible from the properly framed question
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Painfully familiar #innovation story: This Kodak employee invents digital camera in 1975; his bosses bury it.
In 1975, 26-year old Kodak engineer Steve Sasson presented his prototype digital camera to the company’s technical, marketing and business development departments. The latter two hated it.
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The greatest threat to the US republic is corruption. (See chart & article: http://bit.ly/1DEF6xB)

That's why it's great to see Harvard Law professor Larry Lessig considering a run for President. At the very least, he will raise awareness of this festering cancer at the root of so many of America's problems - and how easy the easy fix can be. http://politi.co/1DEF6xC

Watch Lessig's TED Talk on the subject: http://bit.ly/1DEF4pA

#campaignfinancereform
Lessig
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I th7nk desire also plays a part in the future we live in, desire is a strong motivator. 
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Author of Econovation | Founder of ideafaktory | Ex-head of American Express Chairman's Innovation Fund
Introduction
Thanks for visiting. I'm founder of startup incubator IdeaFaktory, author of Econovation (Wiley), and ex-head of American Express Chairman’s Innovation Fund. I've also led innovation and strategy at Citi, Mastercard and Andersen.  Along the way, I've created some very cool (and profitable) innovations in payments, loyalty and mobile. I write for Harvard Business Review (among others), do global keynote speaking, and advise companies on new growth opportunities.

Looking for Budding Startups & Developers 
Before I forget - I'm actively advising and developing several startups and using my network to get them financed and connected with corporate partners.  I am also looking for qualified developers, co-founders, and entire teams (possibly on the downswing of a startup) to partner with me on some amazing businesses I'd like to bring to market.   

On Google+
I don't post very often, but when I do, it's usually original ideas with a dose of humor. You'll definitely want to subscribe!

For innovative ideas, you should subscribe to the +IdeaFaktory page.

For more economics-flavored posts, please subscribe to the +Econovation page.

You may want to consider me for circles about:


Thanks and look forward to connecting with you on G+! 

Steve 
Education
  • New York University Stern School of Business
    Economics & Accounting
Work
Occupation
innovation, strategy, emerging technology, digital, payments, finance, economics
Employment
  • Author of Econovation; Founder at IdeaFaktory
    Founder, present
  • American Express
    Vice President & Head of Chairman's Innovation Fund
  • Citigroup
    Senior Vice President, Growth Ventures & Innovation
  • MasterCard
    Vice President, Product Strategy & Change Management
  • Andersen Worldwide
    Manager, Advanced Technology Services (Consulting)
  • Razorfish
    Manager, CRM and eCommerce Strategy