Daily Archives: February 4, 2021

Public Sees Black People, Women, Gays and Lesbians Gaining Influence in Biden Era

Half of Americans say evangelical Christians will lose influence
pewresearch.org – As Joe Biden navigates the first few weeks of his presidency, Americans have distinctly different views of which groups will gain influence – and which ones will lose influence – in Washington during his administration.

Nearly two-thirds of U.S. adults (65%) say Black people will gain influence in Washington with Joe Biden taking office. Just 14% say Black people will lose influence, while 20% say they will not be affected.

Large shares of adults also expect women (63%) and gay and lesbian people (60%) to gain influence over the next four years. Only about one-in-ten expect each of these groups to lose influence.

Other groups expected to gain influence include younger people (54%), Hispanic people (53%), poor people (50%) and unions (48%). Relatively small shares – no more than about quarter – say any of these groups will lose influence during Biden’s presidency.

By contrast, evangelical Christians are expected to lose influence with Biden as president: 50% say they will lose influence, while just 9% expect them to gain influence; 39% say they will be unaffected.

By sizable margins, more Americans also say business corporations and the military will lose than gain influence, though about a quarter (24%) say corporations will be unaffected and 32% say the same about the military. more>

Updates from McKinsey

Transformation in uncertain times: Tackling both the urgent and the important A sprint-based transformation approach can help organizations achieve full potential.
By Darius Bates, David Dorton, Seth Goldstrom, and Yasir Mirza – In ordinary times, successful leaders continually strive to master the balance between the urgent and the important, both in their organizations and their daily schedules. But today’s CEOs face unprecedented financial, health and safety, and operational challenges. For them, the problem isn’t balancing the urgent with the important. It’s that most everything is both urgent and important and, given the ongoing uncertainty about COVID-19 and its aftershocks, that’s not likely to change anytime soon.

To address these challenges in the present and in the next normal, some leaders will instinctively pick two or three top priorities. Then, on the assumption it’s better to focus an already-stressed organization on must-win battles, they will launch major efforts to realize such goals.

Choosing your priorities is a good idea, but that’s just the starting point. To sustainably transform an organization’s trajectory, leaders will need to efficiently implement improvements across the whole of the organization. Our research has shown that bold programs focused on a granular set of initiatives achieve more than limited efforts do: for example, our analysis of 100-plus transformations shows that 68 percent of their initiatives are worth $250,000 or less and that, on average, each initiative owner manages no more than two of thousands of initiatives. In our experience, the best-performing transformations focus on driving change by moving pebbles, not just boulders.

So how does a company tackle the urgent and the important while also delving into sufficient detail to achieve a step change in performance and value creation? In recent years, we’ve seen several organizations achieve these goals through a structured, sprint-based approach we refer to as “road-mapping.” more>

Updates ITU

Beyond 5G: What’s next for IMT?
ITU – The ITU Radiocommunication Sector (ITU-R) has recently published Recommendation ITU-R M.2150 titled ‘Detailed specifications of the radio interfaces of IMT-2020’.

Following the evaluation of various radio technology candidates for IMT-2020 at the end of last year, the newly published Recommendation represents a set of terrestrial radio interface specifications which have been combined into a single document.

The development and approval of this international mobile technology (IMT) standard will support several use cases that leverage the advantages of 5G.

For instance, it will contribute, amongst many other things, to accelerating the response time of autonomous vehicles and enable new and more realistic augmented/virtual reality (AR/VR) experiences.

Understanding the IMT process

A solid grasp of the IMT process is key to understand the significance of the latest 5G developments at ITU. The process consists of 4 main phases:

1. “ITU-R Vision” and definitions
2. Minimum requirements and evaluation criteria
3. Invitation for proposals, evaluation, and consensus building
4. Specification, approval, and implementation

Note: The results of these procedural steps are documented in ITU-R Recommendations and ITU-R Reports. more>

Related>

2021 Bond Market Outlook: Finding Yield in a Recovery

As global economic growth strengthens this year, bonds investors may find opportunities in high quality bonds, higher-yielding debt and assets that hedge against a declining U.S. dollar.
By Jim Caron – As fixed income investors, we expect 2021 to be a year of recovery. Many economic forecasts show U.S. GDP increasing by as much as 5%, or even 6%, and it begs the question: Won’t bond market yields rise in this environment? Rising yields of course mean falling bond prices—at least on paper for investors who own the debt. But yields will be rising for good reasons, based on economic growth and cash flow returning to markets.

Bond market movements will act as key indicators of the health of the recovery, as well as corporate performance and consumer confidence in 2021 and beyond. Compared to 2020, when global monetary and fiscal policies were focused on supporting solvency and bond investors benefited from flocking to safe-haven assets, such as U.S. Treasuries, this year may entail a more idiosyncratic environment for credit, which will make active portfolio management paramount.

As economic growth strengthens (most likely in inverse proportion to the severity of the pandemic this year) and variation in the fixed-income market broadens, so will the opportunities for bond allocators. For investors searching for higher yields and portfolio diversification to hedge against equities and U.S. dollar weakness, we see fixed income opportunities in five key areas.

We see value in taking a tactical barbell investing approach, which involves owning high quality and interest-rate sensitive fixed income to balance more risky credit. During the first half of 2021, investors can consider adding U.S. Treasuries and Australian and New Zealand government bonds amid an expected increase in yields. When it comes to investment grade corporate credit, we have some aversion to highly-rated bonds, including A-rated corporates with high cash balances because there’s risk that M&A activity in this cohort could weigh on valuations. We prefer a combination of triple-B corporate bonds with solid company fundamentals and U.S. Treasuries as a preferred risk allocation, as an example. more>