President Obama and Mark Zuckerberg offer up ways to help small businesses

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President Barack Obama joined Mark Zuckerberg and other entrepreneurs from around the world for a panel presentation on Friday at the Global Entrepreneurship Summit in Silicon Valley to discuss how technology can empower small businesses

Obama and Zuckerberg both called for more action and support for startups, including increased web connectivity and availability to new tools and opportunities, from finding partners around to globe to getting funding for a new venture. 

“Turns out that starting your own business is not easy,” Obama told attendees during the panel. “You have to have access to capital, you have to meet the right people, you have to have mentors who can guide you as you get your idea off the ground.”

Obama and Zuckerberg discussing entrepreneurship with entrepreneurs from around the world.

Zuckerberg used the stage time to bring attention to FbStart, the company’s platform designed to help mobile startups build and grow their apps. Startups who apply and are accepted gain access to its mentorship program, as well as $80,000 in free tools and services. FbStart is a part of the company’s Internet.org initiative, which aims to bring web access to developing countries.

After the panel, Zuckerberg hosted a video Q&A with the president on his personal Facebook page via a Facebook Live broadcast. The pair further discussed the importance of having digital tools to propel startup growth. 

“There are always new tools, but it’s the people who make the change”

“There are always new tools, but it’s the people who make the change,” Zuckerberg said during the Facebook Live. “Tools and connectivity I think are big net positives for the world but we need to make sure that entrepreneurs are taking advantage of these opportunities and creating more value for everyone in the world.”

Obama mentioned that the government can also help support these kinds of projects. 

“We’re going to be funding more young entrepreneurs around that [climate change] issue,” Obama said. 

By supporting communities around the world with technology, Obama added it will help people development new systems to improve the general well-being of those areas, not just with energy and climate issues but also with health care. 

Have something to add to this story? Share it in the comments.

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21 books to read if you want to boost your career

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With summer finally here, and hopefully a vacation or two on your calendar, you’re probably on the hunt for a good book. While you should give your brain a break and read a little light fiction, you should also pick up one that’ll boost your career.

And before you groan and start complaining that you didn’t come here looking for homework, know that we asked our career coaches for some of their best recommendations. That means these books aren’t only recommended by experts, but they’re actually good reads that are well worth your time.

So here you are, free advice from some of the top career coaches out there:

“We often hold ourselves back from trying something new, starting our own business or project, or doing things differently because we think we need to ‘have it all’ before we can get started. This book talks through dozens of historical examples of how small beats big, as well as the advantages of being the little guy.” — Rajiv Nathan

“Given that my coaching practice is focused on careers and confidence, clients come to me all the time suffering from Imposter Syndrome—feeling like it’s all a fluke that they’ve made it as far as they have and any minute now their bosses will realize that they don’t have what it takes. Cuddy’s book offers in-depth research on how your physical presence can change your mental energy and your confidence level. The book is heavy on data, but the research is incredible.” —Lauren Laitin

“While both men and women often come into negotiations with wavering confidence, I have found in my career and negotiation coaching practice that lack of confidence is all too often a real problem for highly capable, intelligent, and accomplished professional. This book breaks down the many and awful mythologies and stereotypes of confidence by showing—through cutting-edge research—how successful women in business, media, and politics ‘do it,’ project confidence and win the daily negotiations of life.” —Yuri Kruman

“I chose this book because, while it is intended to be about scaling an organization, the techniques work equally well in your personal efforts to scale and grow. The authors (both professors at Stanford GSB), draw on hundreds of case studies to focus on how to spread a mindset, rather than a specific set of rules or guidelines. The result is a gripping read which sets a thoughtful framework for a tactical lifestyle.” —Matt Ford

“I was always the student who was interested in everything and my career has pretty much gone the same way. After I read this book, I realized that there are a lot of other people like me and having many interests and passions isn’t a bad thing! I think it takes a lot of insight to recognize your strengths and weaknesses. I have recommended this one to many people and honestly, I’m not even sure who has my copy, but I’d like it back!” —Neely Raffellini

“The slight edge is a simple concept that reaps great rewards. It’s based on the premise that simple activities and decisions you make daily, over time, will propel you toward success in your career and dreams. The goal is to tap into the ‘one thing’ that’ll help you achieve your career or life goal and apply it daily. For the manager who wants to improve leadership and morale among the team, it may be expressing appreciation to an employee daily. For the job seeker who wants to discover his or her dream career and build a network, it may be leading one informational interview daily. For the marketing professional who wants to gain wide-reach and visibility, it may be adding value and connecting with influencers daily. What is it for you?” —Evangelia Leclaire

“Many of my clients express that their ambition and multi-passionate natures result in a feeling they have a fractured professional identity—that they’re somehow inadequate because they’re ‘not good’ at any one thing. In this book, Pam Slim proves that having a diverse background is truly a gift, and shows how to create a rock-solid narrative out of your rich experience. This is a must-read for ‘slash’ careerists, entrepreneurial go-getters, side hustlers, or anyone with many interests who wants to tie them together into a meaningful career.” —Melody Wilding

“This wonderful book encourages the reader to be aware of and open to the opportunities that may seem random but can lead to fulfilling career and personal experiences. This approach is not at odds with taking a playful approach to career development; the authors suggest that our responses to unplanned and chance events can enhance our development and provide a richer experience. It helped me to identify how ‘luck’ has played a part in my own career trajectory and allowed me to expand my skills and experience in satisfying ways.” —Heidi Ravis

“This powerful read is not about burning ourselves out. It reminds us that life is finite and offers practical and effective ideas to make every moment count—so we can achieve the goals we’re passionate about. It has inspired me (and coaching clients to whom I’ve recommended it) to be my best at every moment. It’s also made a major impact on some of my high-functioning colleagues who felt bored with their work. I think every professional should read this—its compelling message is one we can all benefit from.” —Suzanne Gelb

“While this is written as a business book, it’s a great read for people looking to make strategic changes to any aspect of their life, personal or professional. We often know what ‘should’ get done, but yet we fail to focus, fail to make the time, and fail to make the necessary changes in our habits. Maister talks about how strategy is really about saying ‘no’ to many things so we can say ‘yes’ to the critical few that’ll drive success.” —Bruce Eckfeldt

“When I was at a career crossroads back many years ago before becoming a coach, this book helped me clarify my skills, interests, and professional goals. It was full of fun and creative writing exercises that promoted taking action to help discover what you really wanted out of life and career. I found it more useful than many online assessments since it encouraged you to look at yourself at a deeper level.” —Satya Patel

“This book is a brilliant look into our ‘two minds,’ the rational and the emotional, and how they shape our destiny. The author is a true influencer of the emotional intelligence concept and this book is powerful.” —Steven Davis

“If you want to discover your ‘life’s work’—or feel more deeply committed to your work—this book might become your favorite companion. David Whyte is not your typical career expert. He’s not a CEO, an app developer, or a cover letter specialist—he’s a poet. That’s why I love this book so much. Whyte’s perspective feels fresh and unexpected. It’s unlike any career advice I’ve seen elsewhere. I re-read this one at least once a year and I discover a new gem each time.” —Ellen Fondiler

“Everyone’s so focused on ‘what’ they need to do next, that they never stop and think ‘why am I doing this in the first place?’ This leads us down roads we don’t wish to travel and causes us to lose control in our lives. But, if you retrain your mind to ask better questions, there will never be a time that you don’t understand the reasoning behind your actions, and your direction will become more clear.” —Martin McGovern

“‘Every limit is a beginning as well as an ending.’ In the current digital age, our brains have been re-wired to take in information differently. By most accounts, it’s become increasingly harder to sit down and read fiction. We often look for ‘efficient’ reads; those that will maximize our time and effort. And yet books like this one demonstrate that while information may be able to be condensed down to pocket-size, wisdom cannot be. To truly grow we must invest time. To learn we must open ourselves to the humility of not knowing. This is a book about adulthood; it sheds light on the human psyche, our motivations, our desires, our paradox, our endless non-closures. Who we are as professionals depends on who we are as human beings, not the other way around. This is a must read for anyone who aspires to be a ‘professional’ adult.” —Alex Durand

“Why do people do what they do? What makes them happy and productive? Daniel Pink explores the things that motivate people to do their best work. Spoiler alert: It’s not money! Pink explains the three motivators: autonomy, mastery, and purpose, and the provides a road map to using them to create both career and life satisfaction. Understanding what motivates you is critical to finding career satisfaction wherever you go (and to helping others attain it). My favorite quote: ‘The most deeply motivated people—not to mention those who are most productive and satisfied—hitch their desires to a cause larger than themselves.’” —Becky Berry

“I’d grown up thinking most people had to sit at a desk and be a lawyer, or a secretary, or a vet, but when my mom sent me a copy of this during college, a whole new world opened up for me! The book has some truly unique career path options and it also does wonders at opening up one’s mind to new and creative fields. I find it particularly helpful, because it includes ‘a day in the life’ section for each job, pros and cons, as well as practical steps for how to start your career in each field.” —Alexa Loken

“Using personal anecdotes as well as the results of a 23,000-participant study, this book details the keys to expanding leadership skills, improving employee satisfaction and job performance, and securing customer loyalty through ‘daily choices.’ These choices empower employees to reach their full potential, create excellence in customer service, and thereby enable organizations to achieve profitable results. I was given this book by a colleague when our organization was undergoing a massive reorganization and it provided me with key insights as I managed the teams through the change. Excellence is a mindset. Your thoughts matter. Make a daily commitment to take purposeful and meaningful actions to reach your goals. You truly can achieve what you believe!” —Adrean Turner

“This is a book has made a huge impact on my career in terms of thinking creatively about business opportunities and how to help others in the process. It will open your mind up to new revenue streams, deal structures, and product offerings you never would’ve considered.” —John Gannon

“I’m always advising my clients to create opportunities for themselves and go after what they really want—and often the only way to do that is through the people you know and who know you, or the ones you reach out to that should. Especially in our overstretched, and often unfocused, world of digital communication (and human to human interaction phobia I see among many job seekers), this book is filled with inspiring anecdotes, helpful insights and practical strategies to get you in the mindset and habit of constantly forming and developing connections that will serve you throughout your career.” —Kristina Leonardi

“This book focuses on the importance of giving as a professional—and how adding value to the others’ careers can ultimately help you to be successful yourself. I love and recommend this book because it changes the way you see personal and professional relationships and reminds you that human beings, more than processes, drive success.” —Avery Blank 


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The Answer to Alzheimer’s

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Alzheimer’s disease is one of the most difficult for patients and their loved ones not only because of the mental deterioration but also the lack of independence and stigma associated with dementia. This system of devices, called Emma, work together to bring the user independence and positive behavioral reinforcement to ease their suffering during the moderate stages of the disease. Emma uses EEG brain sensors to read brainwaves and sense confusion. This allows Emma to help when help is needed and passively monitor the patient’s activities when help is not needed. Emma learns and grows with the patient to provide the best care throughout the progression of the disease. Transparent AR display shows information in context to the user’s surroundings using graphic overlays. Emma speaks to the Alzheimer’s patient through bone conduction speakers. This allows the user to listen to Emma while still being able to hear their surroundings. The two front-facing cameras let Emma understand the user’s situation by using image recognition technology. Emma speaks to the Alzheimer’s patient through the speakers in the bracelet when the patient is not wearing the glasses. The bracelet has RFID sensors that can scan medications and other things around the house. The design also includes a feature that allows family members to send gentle squeezes to the Alzheimer’s patient. The elastomeric polymer inside the strap contracts to simulate a gentle squeeze from their loved ones. The gentle squeeze provides positive reinforcement by reminding the patient that their family members are thinking about him/her when they are separated. When the day comes that patients are fully reliant on caregivers, EMMA and the data that has been collected are then handed over to their caregiver. It informs the caregiver of the patient’s habits and routines to provide the best care for the individual.

Designer: Joshua Woo

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UK Votes to Leave the European Union, These Videos Explain What Happens Now

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Last night, the results from the UK’s referendum to leave the European Union came in: Britain has voted to leave. Otherwise known as the “brexit,” Britain’s exit from the EU is a big deal. These videos help break down the highlights.

The video above from political explainer site Vox goes over a few basic points. Notably, this transition will change the way that Britain does business with the rest of Europe and the world. Under the EU, member countries can freely move goods between countries. This resulted in many companies’ European headquarters landing in Britain, where they can control their deals with the whole of Europe. Now, it’s unclear if companies will move their European headquarters somewhere else and maintain only a small presence in the UK, or if they’ll keep their headquarters where they are and create small offices elsewhere.

There’s also the issue of migration. Under EU rules, citizens in member countries can freely move across national borders to other member countries. This led to a lot of the contention over the EU in the first place. More importantly, they can also work in those countries. Some in the UK do not like this, saying that it allows migrants from poorer countries to take advantage of Britain’s comparatively higher employment rate. This was a key factor leading to the decision to hold the vote.

As an aside, British Prime Minister David Cameron may likely step down as a part of this transition. Cameron was a very strong proponent for remaining in the European Union, so his role in a post-EU Britain may be in question.

This video from CNN Money breaks down the next logistic steps even further. Yesterday’s referendum only confirms that the UK population wants to leave (by a vote of 51.9% to 48.1%). However, Britain still needs to invoke Article 50 of the Treaty on European Union, which requires that the UK officially notify the EU that it plans to leave.

After that, a two-year process begins to negotiate a trade agreement with the remaining 27 nations in the European Union. The ultimate goal is to keep the UK’s trade routes open, but there’s no knowing how easy that will be. A two-year deadline makes this even harder. If the UK and EU can’t come to an agreement within two years, the EU must either vote unanimously to extend the deadline, or the UK may be kicked out entirely without a proper trade agreement in place.

This video from BBC Newsnight breaks down the effects on British commerce in more detail. The minutia of the trade agreement that the UK must negotiate over the next couple years could have huge ramifications not only for jobs in Britain, but for the world as a whole. The UK is home to some of the largest global banking companies like HSBC and Standard Chartered. The UK’s financial services will have to be renegotiated as part of the new EU trade agreement.

It’s unclear just how much this could affect the worldwide financial system. In terms of finances, the UK has its own counterparts to the likes of Wall Street within its borders. Closing those borders will have long-lasting ramifications that we can’t entirely predict until we know the specifics of this deal that’s yet to be hammered out with the EU.


This is a big story with huge ramifications the world over. It would be impossible for us to summarize it in a single article. As it unfolds, we’ll keep investigating to let you know how this affects you, both for British citizens, and citizens of the world.

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The impact of Brexit on securitisation and capital markets

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Global law firm Paul Hastings has released guidance on what the UK electorate’s decision to leave the European Union means for the UK.

Capital Markets/Securitisation/Bank Lending

It is difficult to accurately predict at this stage what the consequences of Brexit will be for UK based financial institutions involved in arranging and providing cross-border financing either through the capital markets or direct lending given the envisioned two year period to negotiate the United Kingdom’s exit from the EU. However, given the fundamental underpinning that EU legislation gives to this area there will undoubtedly be a significant impact. What should be noted is that the majority of the EU legislation incorporates the concept of access to the EU by “third country” institutions (i.e. non-EU institutions). Therefore, subject to any negotiated regime as part of the Brexit settlement, to continue to interact with EU entities, the UK may need to create and maintain a regulatory environment at least “equivalent” to that of the EU to access the EU markets as a third country.

One example of the above relates to one of the most important pieces of legislation from a financial institutions perspective being the Markets in Financial Instruments Directive (MiFID). MiFID is fundamental to the ability of banks and non-bank investment institutions to conduct activities across the EU including the trading of securities and derivatives, underwriting, and portfolio management. A key part of the legislation is the ability, known as “passporting”, for such institutions to conduct business throughout Europe without obtaining a licence or similar in each individual country. It remains to be seen whether reciprocity is established or whether financial institutions in the UK will be treated in the same manner as other third country entities which cannot make use of passporting and must instead establish an authorised presence in the particular jurisdiction in question.

A similar situation will arise with respect to the Capital Requirements Directive which affects deposit-taking institutions conducting services such as deposit-taking, lending and participation in securities issues. Securities issuances currently based on the prospectus directive and the transparency directive will also be affected and potentially an equivalent regime will need to be established within the UK. The manner in which the UK will fit in with the proposed Capital Markets Union that is currently being planned by the EU and the planned changes to the EU securitisation regime are also up in the air. EU regulations as to custody arrangements, trade reporting and clearing (particularly of Euro denominated securities), currency indices benchmarking, capital requirements and risk retention will all need to be considered as part of Brexit. In short there are very few areas of a UK based financial institution’s activities across the EU that will not need to be re-considered when it comes to Brexit.

Prospectus Passporting

Similar to the licensing to practice business throughout Europe, once a prospectus (offering circular) in relation to an offer to the public of equity or debt securities has been approved by a single member state of the European Union, such prospectus can be used to offer such securities to the public throughout the EU in accordance with the Prospective Directive. As the UK has voted to leave the EU, this automatic approval within the EU would cease to apply making it less straightforward and more expensive for UK issuers to offer securities elsewhere in Europe. The practical effect of Brexit will depend largely on the arrangements made between the UK and the EU which themselves be also be influenced by how consistent UK legislation will be with EU Regulations and what reciprocity is established.

An overview:

On 23 June 2016, in public referendum, the British public voted in favour of the UK leaving the EU (“Brexit”). As a result of the uncertainty caused in the run up to the referendum, the financial markets and transactional activity in the UK has been markedly lower this year. This uncertainty will now continue for a number of reasons.

Firstly, the question posed at the referendum decided that the UK should leave the EU, but it did not (and did not have the power to) determine how that exit will occur or the nature of the UK’s relationship with the EU following Brexit. This will be the first time that a significant member of the EU has left and there is no detailed mechanism in the treaties establishing the European Union for a member to exit.

Article 50 of the Treaty on the European Union requires a member state which wants to withdraw from the EU to notify the European Council of its intention to secede. The referendum result in the UK does not constitute such notice and the timing of service of such notice is likely to be a matter of intense political discussion in the UK in the coming weeks or months. Following service of an Article 50 notice, a withdrawal agreement between the UK and the EU will then need to be negotiated. Brexit will occur on the earlier of the date of the UK withdrawal agreement or the second anniversary of the notification to the European Council (unless all remaining member states agree to extend this period).

There is no clarity on the trading arrangements which will apply in respect of the UK after Brexit: as part of the Brexit negotiations, Britain will undoubtedly seek to arrange an appropriate free trade agreement with the EU. However, other European countries which have free trade agreements with the EU have also been required to accept certain fundamental EU principles, such as free movement of workers and, given that immigration into the UK was one of the principal concerns of those in favour of Brexit, it remains to be seen whether a free trade arrangement can be agreed between the UK and the EU. In addition, following Brexit, the UK will be unlikely to benefit from the free trade agreements which the EU has entered into with many countries worldwide and it will need to negotiate new free trade agreements with countries outside the EU.

Accordingly, the precise impact of the Brexit decision on the UK as a place to do business and on the UK legal system will likely take at least two years, perhaps longer, to determine which will only become clearer as the negotiations surrounding Brexit progress.

This client alert contains Paul Hastings’ analysis of the possible impact of Brexit on key areas of UK law which are likely to be of concern to our clients.

The post The impact of Brexit on securitisation and capital markets appeared first on tradersdna – resources for traders/investors for Forex, Stocks, Commodities, Bitcoin, Blockchain, Fintech and Forum.

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Scientists have discovered exactly 237 reasons people have sex

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Nazca/Reuters

By
1996
, scientists had only bothered to think of eight reasons
why people choose to have sex.

Psychologists Cindy Messon and David Buss didn’t think that was
very realistic.

So they gathered 444 people
between 17 and 52 years old and asked them to list as many
reasons they could think of why they or people they knew had
chosen to have sex.

Then Messon and Buss went through the 715 responses,
eliminating duplicates and condensing similar answers. The result
was a 237-item list (technically, 238 counting space to write in
other responses), which they named the
YSEX survey
and published in 2007.

Messon and Buss tested the YSEX survey first on college students.
Some of the most common reasons they gave for having sex
included:

  • I was attracted to the
    person
  • It feels good
  • I wanted to experience the
    physical pleasure
  • I wanted to show my affection
    the person
  • I was sexually aroused and
    wanted the release

Among the rarest reasons for why these college students were
having sex?

  • I wanted to give someone else
    a sexually transmitted disease
  • The person offered to give me
    drugs for doing it
  • I wanted a raise
  • I wanted to breakup my
    relationship
  • It was an initiation rite to
    a club or organization

But it’s still being used today to help researchers understand
sexual dynamics based on factors like sexual
orientation
, age, and
level of
commitment
.

And since we know you’re wondering,
here’s the full list
, good, bad, and ugly.

Read the original article on Tech Insider. Follow Tech Insider on Facebook and Twitter. Copyright 2016.

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Come to the Dark Side: Dark Bottom Pools

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(Image credit: Marc Merckx)

Swimming pools, of course, are always lovely and inviting, but if you’ve ever seen a dark bottom pool you’ll know that they have a little something extra, a deep and mysterious and enticing allure that other pools can’t touch. Who could have known that the color of the bottom of a pool could matter so much? But it does — one of those little details that make such a big difference. A pool with a floor and sides in black or navy or what have you is warmed more easily by the sun, but also, paradoxically, seems cooler and deeper, and its surface reflects the surrounding landscape, for a mysterious and mirrorlike affect. Here are ten of our favorite examples.

READ MORE »

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UK and Brexit: The economic implications – BNPP

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William De Vijlder, Research Analyst at BNP Paribas, suggests that the UK’s historic vote to leave the European Union is now likely to be followed by a long process of negotiating the exit and the new relationship.

Key Quotes

“Within the Conservative party speculation over a change of leadership will probably now mount.

With Scotland’s electorate having expressed a desire to remain in the EU there is a possibility for calls for a second Scottish independence referendum.

Uncertainty over the future UK-EU relationship and the UK political outlook will weigh on the economy. We expect it to stagnate over the next two to three quarters. Overall, we expect the level of GDP in 2018 to be almost 2% lower than previously forecast.

Sterling is expected to weaken which will put upward pressure on inflation. We see CPI inflation at 2.6% in 2018, against our previous 2.0% forecast.

We expect the Bank of England to ease policy cutting the Bank rate to zero and upping asset purchases (QE) by GBP 100 bn.”

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Google Searches Suggest Many in UK Don’t Understand Brexit

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Google Searches Suggest Many in UK Don't Understand Brexit
Image: Getty

You may have woken up to news that the UK voted to leave the EU which sent the global economy plunging and led to the resignation of the prime minister. But there’s more! Google Trends suggests that many people in the UK still aren’t sure what passing “Brexit” even means.

According to Google Trends, there was a 250% spike in searches for “what happens if we leave the EU” around midnight British time, which is after the voting ended and presumably around the time global currencies went wild and Scotland started saying again it didn’t want to be part of the UK anymore. Stateside, Brexit isn’t good for the American science community either, as the “leave” vote might mean a loss of talent , funding, or collaboration.

There’s no proof the spike means the people who actually voted in the referendum had no idea what would happen. (Let’s hope. Then again, the “leave” campaigners are already saying the results are not their fault.)

Given that turnout was about 72%, it’s likely that the frantic googlers are those other 28% who didn’t think the daily headlines worldwide and massive campaigns with celebrities involved were worth paying attention to at all—which isn’t really much consolation.

[Google Trends, via The Verge]

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