EB-5 investment in New Rochelle

Chinese nationals, who often seek visas so that their children can receive an American education, account for a large percentage of EB-5 investors.
I recently connected with the VP of AI and Machine Learning at Unity Technologies, and we exchanged a couple of emails. This has led to our decision to having our students develop apps with the Unity game engine after building our chess-playing robot.
We are also working on having a group of students attend Unity Unite in Los Angeles in October.
On Thursday, November 15th @ 7 pm at the Larchmont Public Library, I will demo CHHE, an intelligent restaurant recommendation app and give a talk on applying artificial intelligence to local retail.
In addition, we are working on a Pokémon Go-type game called Ask, Seek, & Knock that will incorporate a new blockchain protocol called Avalanche.

Danny Lange

Yong Zhao
Yong Zhao books

Yong Zhao is a Foundation Distinguished Professor in the School of Education at the University of Kansas.
TJ: The EB-5 visa grants permanent U.S. residence to anyone investing a half million dollars in a U.S.-based development project. Eighty percent of EB-5 recipients are Chinese. According to a NPR report, Bryan Withall of Sino Outbound estimates that 70 to 80 percent of families are pursuing EB-5 visas for their children’s education. As “Wang” tells us:
I’m only doing this for my son’s education. He is in a good local school, but all they do is study for tests. The Chinese education system turns everyone into the same type of person.
Chinese students score higher than American students on international tests but many Chinese parents still want their children to be educated in the United States. Can you explain this?
YZ: I’ve written about this in various places, most extensively my book Who’s Afraid of the Big Bad Dragon: Why China has the Best (and Worst) Education in the World. The simple answer to this paradox is that test scores are not good indicators of education quality. In fact attempts to pursue test scores can be counter productive, damaging what actually matters for success in life, such as confidence, creativity, and love of learning.

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Amazon is a Bad Neighbor

AND YOU SHALL LOVE THE LORD YOUR GOD WITH ALL YOUR HEART, AND WITH ALL YOUR SOUL, AND WITH ALL YOUR MIND, AND WITH ALL YOUR STRENGTH.’
“The second is this, ‘YOU SHALL LOVE YOUR NEIGHBOR AS YOURSELF.’ There is no other commandment greater than these.”
~ Mark 12:30-31
Jeff Bezos and Harvey Weinstein

Jeff Bezos and Harvey Weinstein

Loving Your Neighbor is Good for Your Health

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The R F Smith Card: Good Jobs & Financial Health

The R F Smith Card

It’s a sad truth of American life that the poorer you are the more you pay for banking.
For example, according to the Wall Street Journal, banks and other financial firms in 2016 generated $33 billion in fees related to overdrafts on checking accounts, this is the highest level in seven years. The Consumer Financial Protection Bureau (CFPB) has compared overdraft fees to a short-term loan with a 17,000% APR!
Mehrsa Baradaran, associate professor of law at the University of Georgia, and author of How the Other Half Banks, writes “As the banks are set up currently, the fees they charge are meant to dissuade small accounts, or accounts by people whose incomes are minimal and very uneven.”
As Baradaran writes in her book’s introduction, the banking industry has stopped serving those who are “too poor to bank”, pushing them into the arms of non-bank service providers to provide the most basic services: to cash pay checks, pay bills or transfer money. In exchange, she calculates that they fork over up to 10% of their income for these services.
In some cases, they don’t have an option: a bank may refuse to open an account for them. And banks have long been trying to “discourage” their smaller customers: fees on accounts where balances dip below a specified level even briefly can look extremely costly to a low-income household.

Financial Health

Financial Health for Everyone using A.I.
Our vision is an audacious one: to increase the number of individuals with positive financial health and well-being. To achieve financial health, people need day-to-day financial systems that build long-term resilience and opportunity. Financial health enables family stability, education, and upward mobility, not just for individuals today but across future generations. Promoting financial health is good for the American economy. Financially healthy consumers drive new opportunities for increased engagement, loyalty, and long-term revenue streams. Lasting financial health also has a positive macroeconomic impact on communities at local, regional, and national levels.
We are developing a financial adviser system with several artificial intelligence (AI) capabilities to help achieve this goal. This system learns from historical data to predict the account balances of individuals for a future time period, identify the recurring charges in their spending, determine unexpected large expenses, and analyze the category-wise spending behavior of user groups.

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I’m Now Very Impressed with Elon Musk

Update (April 14, 2018): Sir Ken Robinson:
I don’t mean to say that being wrong is the same thing as being creative. But we do know is that if you are not prepared to be wrong, you’ll never come up with anything original. If you’re not prepared to be wrong.
And by the time that they become adults most kids have lost that capacity. They have become frighten of being wrong. And we run our companies this way, we stigmatizes mistakes. And we are now running national education systems where mistakes are the worst thing that you can make.The result is that we are educating people out of their creative capacities.
Picasso once said this “all children are born artists, the problem is to remain an artist as we grow up.” I believe this passionately, that we don’t grow into creativity, we grow out of it. Or rather, we get educated out of it.

Elon Musk, in an interview with Gayle King on CBS This Morning that aired Friday, April 13th, admitted that he was wrong about automation in Tesla’s factory.


Elon Musk - Time magazine cover

I did a recent interview with Carnegie Mellon Professor Zachary Lipton and his comment about Elon Musk has been in the back of my mind ever since:
Elon Musk doesn’t really deserve to have a voice in the public discourse about machine learning. He’s not an expert, and his primary achievement in the area is that he pledged a lot of money to fund AI research. But the media hype about ML, and the amount of journalists hungry to spin out click-bait amplify his voice. Elon has a certain iconic status, and that means that there’s clicks in a story about him, and whatever sensational hooey he happens to be spinning at the moment.
It doesn’t take much digging to discover that many of Elon Musk’s ideas are fundamentally wrong. Musk believes that Tesla will out-Toyota Toyota when it comes to lean manufacturing. In a recent analyst call he said:
The car industry thinks they’re really good at manufacturing and actually they are quite good at manufacturing. But they just don’t realize just how much potential there is for improvement. It’s way more than they think.
He also called the pace of today’s auto factories slower than “grandma with a walker….Why shouldn’t it at least be jogging speed?”
By simplifying car design to make them easier to manufacture, installing more robots and packing cars more densely on the assembly line, Musk is convinced Tesla can build as many as one million vehicles a year in a single factory — four times the output of a typical auto plant and greater than even the world’s busiest factory, Volkswagen’s flagship plant in Wolfsburg, Germany.

Nassim Taleb

In 2017, Toyota sold over 10 million cars, while Tesla sold just over 100,000. Nassim Taleb, author of The Black Swan and Antifragile, makes a great point in a Forbes article called “You Can’t Predict Who Will Change The World:“
“It is high time to recognize that we humans are far better at doing than understanding, and better at tinkering than inventing. But we don’t know it. We truly live under the illusion of order believing that planning and forecasting are possible. We are scared of the random, yet we live from its fruits.”

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The Lack of Diversity at Tech Companies is Embedded

Jeff Bezos and Harvey Weinstein

In October, former head of Amazon Studios, Roy Price resigned. This was just days after producer Isa Dick Hackett publicly accused Mr. Price of sexual harassment. Hackett, an executive producer of the popular Amazon show “The Man in the High Castle,” said Mr. Price had lewdly and repeatedly propositioned her in 2015.
Hackett says that in 2015, she and Price were in San Diego to promote The Man in the High Castle at Comic-Con. At one point, she alleges, she wound up in a cab with Price and another Amazon executive who has since left the company. In the cab, Hackett says Price began to proposition her, saying, “You will love my dick.” Despite her expression of disinterest, Hackett says Price later said, “anal sex!” in her ear once they arrived at an Amazon party, where she had been speaking with other executives.
Jeff Bezos and Roy Price

Jeff Bezos and Roy Price

Rose McGowan, an actress who had reached a settlement with Harvey Weinstein in 1997 after an episode at a film festival, posted a series of tweets directed at Jeff Bezos, the chief executive of Amazon. In them, Ms. McGowan said she had told the head of Amazon Studios that Mr. Weinstein had raped her.
Before that series of tweets, Ms. McGowan had directed a Twitter message at Mr. Price concerning Mr. Weinstein, asking, “Remember when I told you not to do a deal with him and why?”
Roy Price and Harvey Weinstein

Roy Price and Harvey Weinstein

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All Our Children Can Create

The Key to New York’s Future is Education.

When it comes to technology skills, the U.S. comes in last place — right below Poland. In addition, there was a significant racial difference with non-whites scoring below whites.
That’s why we are introducing students to artificial intelligence (A.I.), computer vision, data science, machine learning, robotics and blockchain technology.
Tech’s biggest companies are placing huge bets on artificial intelligence (A.I.) where typical A.I. specialists can be paid from $300,000 to $500,000 a year or more in salary and company stock.
We must educate our children for the 21st Century
Government is the instrument that citizens use to guarantee protection and empowerment for all. We all, together, provide what is needed for a decent life. Individual accomplishment rests on what other Americans have provided and keep providing.
Building the economy requires public investment — in public infrastructure, education, research, and much more.
Success is much more than money. It is your contribution to America as a whole — whether it is teaching, raising children, providing food, healing the sick, making useful products, guaranteeing our rights and our safety, or running businesses that make life better. America needs us all. And we all depend on each other.
America needs us all. And we all depend on each other.
The key to New York’s future is education. And we can show fairly conclusively that all our children can create. The challenging part is that there is no magic moment of creation. Creators spend almost all their time creating, persevering despite doubt, failure, ridicule, and rejection until they succeed in making something new and useful. There are no tricks, shortcuts, or get-creative-quick schemes. The process is ordinary, even if the outcome is not.
Creating is not magic but work, and we must teach this to our children.

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Agency as a Cure for Violence

We are bringing Genius Farm
To Baltimore and Philadelphia

When it comes to technology skills, the U.S. comes in last place — right below Poland. In addition, there was a significant racial difference with non-whites scoring below whites.
That’s why we are introducing students to artificial intelligence (A.I.), computer vision, data science, machine learning, robotics and blockchain technology.
Tech’s biggest companies are placing huge bets on artificial intelligence (A.I.) where typical A.I. specialists can be paid from $300,000 to $500,000 a year or more in salary and company stock.
We must educate our children for the 21st Century

In 1990, there were 305 homicides in Baltimore and 2,262 homicides in New York City. In 2017, Baltimore is actually on track to surpass New York City in homicides. According to The Baltimore Sun:
New York, which has a population of 8.5 million, had 182 homicides as of Sept. 3, according to police department data. Baltimore, a city of less than 620,000, was already at 238 victims as of that date, records show.
On a per-capita basis, the cities aren’t anywhere near each other. Baltimore saw 50 killings per 100,000 people in 2016. New York had 3.9 killings per 100,000.
New York’s declines in the 1990s often were attributed to zero-tolerance policies and statistics-based policing, prompting Baltimore to adopt similar strategies. But New York in recent years also backed away from controversial stop-and-frisk tactics, and has continued to experience big declines.

The New Jim Crow by Michelle Alexander
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