Man sentenced to death in Singapore via Zoom

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Singapore has some of the world’s toughest anti-drug policies

A man has been sentenced to death via a Zoom video call in Singapore, as the country remains on lockdown following a spike in Covid-19 cases.

Punithan Genasan, 37, received the sentence on Friday for his role in a drug deal that took place in 2011.

It marks the city’s first case where such a ruling has been done remotely.

Human rights groups argued that pursuing the death penalty at a time when the world is being gripped by a pandemic was “abhorrent”.

The vast majority of court hearings in Singapore have been adjourned until at least 1 June, when the city’s current lockdown period is due to end.

Cases which have been deemed to be essential are being held remotely.

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Why ‘as-a-service’ models will reign in a post-pandemic world

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It’s hard to think ahead when we are up to our necks in the misery and fear of a pandemic, but every CEO should be focused not just on how to survive, but how to thrive in the COVID-era. I say era because this is not a passing phase, but a new reality.

COVID is accelerating many societal and technology shifts and reversing others. The COVID-era is a technology-driven era with widespread and often forced adoption of trends like work-from-home, online retail, pickup/delivery services, entertainment-as-a-service, telemedicine (well, tele-you-name-it), and machine-learning. Embodied in this change are deep behavioral shifts that, even given a decade, might never have reached these proportions. Enabling nearly all of these shifts is an “… as-a-service (XaaS)” capability be it data, infrastructure, platform, software, or experience. XaaS was already on it’s way to becoming a juggernaut, with a market value of $93.8 billion in 2018 and projected to triple to $344.3 billion by 2024, but it’s now on a whole new COVID-triggered upswing.

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Loaded with cash, global property buyers wait for sellers to crack under pandemic strain

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  • Private equity firms have US$328 billion cash to deploy for global real estate investment, according to Preqin data
  • Sellers are only willing to offer discounts of 5 per cent while buyers are hoping for about 20 per cent concession

The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic.

With economies around the world sputtering, commercial real estate prices are expected to come down. How much they will fall is the key question.

Sellers are currently willing to concede discounts of around 5 per cent, while bidders are hoping for about 20 per cent off pre-pandemic prices, said Charles Hewlett, managing director at Rclco Real Estate Advisors. That estimated gap, which is likely wider in specific cases, has put a freeze on deals.

“The mantra for anything that has not got started is: delay, defer and, in many cases, renegotiate,” Hewlett said. “If I’m going to have vintage May 2020 on my books, I want to be able to demonstrate to my investors that I got an exceptionally good deal.”

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Quantum computing will (eventually) help us discover vaccines in days

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The coronavirus is proving that we have to move faster in identifying and mitigating epidemics before they become pandemics because, in today’s global world, viruses spread much faster, further, and more frequently than ever before.

If COVID-19 has taught us anything, it’s that while our ability to identify and treat pandemics has improved greatly since the outbreak of the Spanish Flu in 1918, there is still a lot of room for improvement. Over the past few decades, we’ve taken huge strides to improve quick detection capabilities. It took a mere 12 days to map the outer “spike” protein of the COVID-19 virus using new techniques. In the 1980s, a similar structural analysis for HIV took four years.

But developing a cure or vaccine still takes a long time and involves such high costs that big pharma doesn’t always have incentive to try.

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Our weird behavior during the pandemic is messing with AI models

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Machine-learning models trained on normal behavior are showing cracks —forcing humans to step in to set them straight.

In the week of April 12-18, the top 10 search terms on Amazon.com were: toilet paper, face mask, hand sanitizer, paper towels, Lysol spray, Clorox wipes, mask, Lysol, masks for germ protection, and N95 mask. People weren’t just searching, they were buying too—and in bulk. The majority of people looking for masks ended up buying the new Amazon #1 Best Seller, “Face Mask, Pack of 50”.

When covid-19 hit, we started buying things we’d never bought before. The shift was sudden: the mainstays of Amazon’s top ten—phone cases, phone chargers, Lego—were knocked off the charts in just a few days. Nozzle, a London-based consultancy specializing in algorithmic advertising for Amazon sellers, captured the rapid change in this simple graph.

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How to prepare for a post-coronavirus job market

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 Whether the economic impact of the coronavirus caused you to be furloughed or limited your income, you might wonder what you can do now to prepare for a post-coronavirus job market. Global pandemic aside and regardless of a recession, it’s always a good idea to build resiliency into your career to safeguard yourself when faced with disruptions in the job market. Here are ways you can prepare for a post-coronavirus market.

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A billion people live in the slums of the world’s megacities—all overlooked in coronavirus planning

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A market area in Dhaka, the Bangladeshi capital, crowded with people despite the coronavirus pandemic, May 12, 2020.

Sprawling urban areas in Brazil, Nigeria and Bangladesh are all seeing COVID-19 infections rise rapidly.

A billion people live in the slums of the world’s megacities—and they’re being missed by coronavirus plans

Having ravaged some of the world’s wealthiest cities, the coronavirus pandemic is now spreading into the megacities of developing countries. Sprawling urban areas in Brazil, Nigeria, and Bangladesh are all seeing COVID-19 infections rise rapidly.

We study the fragility and resilience of such cities and their urban peripheries, with the aim of encouraging data-driven policy decisions. Given its deadly trajectory in marginalized communities of hard-hit New York and London, coronavirus may well devastate much poorer cities.

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These are boom times for Augmented Reality

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There’s no escaping the pandemic, but bizarre Instagram filters and Zoom backgrounds give us the illusion that we can.

I am alone in my apartment, as always, and I’ve just replaced my left eyeball with an orange springing out of its peel.

A mile away, a friend, also home alone, is taking her seat—every seat, actually—at the table in The Last Supper, yelling as the camera pans down the row of disciples and her face replaces that of one man after another. Another friend is watching a mouse dressed as the Pope dance across her kitchen floor. A third is smiling while a strange man wraps his arms around his throat.

Many of us have nowhere to go, no one to see, no communal experience to be a part of, no shared feelings other than dread. But the platforms of the pandemic—Zoom, Instagram, Snapchat, FaceTime—all let us pretend that our life is more than just four walls. With augmented-reality filters, users can mess with their appearances in elaborate ways. Before the coronavirus hit, out-there virtual effects were something of a novelty, but now they’re becoming a major mode of passing the time, giving us the technology to make our faces interesting enough to keep on sharing.

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Volvo CEO: Pandemic will rapidly accelerate shift to electric cars

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Volvo CEO Håkan Samuelsson said that the coronavirus will accelerate the pace of change in the auto industry. He said the shift to EVs will be among the major changes that occur due to the pandemic.

Speaking at a Financial Times global digital conference, Samuelsson said:

Electrification will go faster. I think it would be naive to believe after some months, everything will return to normal, and our customers will come back into a showroom asking for diesel cars. They will ask even more for electric cars. And that is speeding up.

Moreover, he believes that any government efforts to subsidize the auto industry’s recovery should be based on supporting EVs and other new technology.

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The COVID-19 shutdown will cost Americans millions of years of life

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Our governmental COVID-19 mitigation policy of broad societal lockdown focuses on containing the spread of the disease at all costs, instead of “flattening the curve” and preventing hospital overcrowding. Although well-intentioned, the lockdown was imposed without consideration of its consequences beyond those directly from the pandemic.

The policies have created the greatest global economic disruption in history, with trillions of dollars of lost economic output. These financial losses have been falsely portrayed as purely economic. To the contrary, using numerous National Institutes of Health Public Access publications, Centers for Disease Control and Prevention (CDC) and Bureau of Labor Statistics data, and various actuarial tables, we calculate that these policies will cause devastating non-economic consequences that will total millions of accumulated years of life lost in the United States, far beyond what the virus itself has caused.

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3 ways COVID-19 could actually spark a better future for Africa

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Coronavirus is severely testing Africa’s social, economic and political resilience.

COVID-19 is forcing African states to invest in their health systems.

A lack of essential healthcare supplies has triggered a debate about the necessary industrialization of Africa.

In 1990, when Cameroon’s football team did the unthinkable and beat Argentina in the World Cup, the proportion of the world’s population living below the poverty line was 35.9%. Fast-forward 35 years to 2015, following a global adoption of the UN’s Sustainable Development Goals (SDGs), this figure now stands at 10%.

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I’m prepared for a future where I never pay cash and rarely go to the store

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Since the coronavirus put New York under lockdown, I’ve completely changed my buying habits.

I haven’t swiped my credit card in at least a month, relying on online payments and Apple Pay with curbside pickup.

I actually prefer paying this way, and I don’t see myself paying with cash or card anytime soon, although I know this isn’t an option for everyone.

The coronavirus has changed just about every part of my daily life. The biggest change is that I now work remotely, and rarely leave my house. But when I do leave my house, it’s also changed my relationship to money. Namely, I almost never touch actual cold, hard cash anymore.

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