Connect with us

Tech News

The context behind Trump’s SBA appointment of Linda McMahon

(BUSINESS NEWS) Mr. Trump’s selection of Linda McMahon to lead the SBA was regarded as surprising by some, although it shouldn’t be. Here’s the direction we think it might take.



linda mcmahon sba

Shifting to a business focus

As President-elect Trump continues making his selections for Cabinet-level and other senior administration posts, some voices have expressed concern that the choices for some positions had a decidedly pro-business tilt. For them, this represents a shifting away from a more traditional approach to staffing Cabinet level positions with those who have had more traditional political backgrounds.


Good for business, good for the country

Such an emphasis on business isn’t unknown from our nation’s history. President Calvin Coolidge, speaking in 1925, famously told his audience that “ [t]he chief business of America is business.” Faint echoes of this spirit could be seen not three decades later, when Charles “Engine Charlie” Wilson, President Eisenhower’s choice to be the Secretary of defense and the former head of General Motors was asked about divesting himself of GM stock during his government service.

He answered that he didn’t see any problems with keeping his interest in GM “because for years I thought what was good for our country was good for General Motors, and vice versa.”

As of the time of this writing, key Cabinet nominees for the Departments of State, Labor, Education, and Commerce were from a business background that signaled both a return to an era of business-first approaches in government, and a possible extension of that approach beyond what any have ever seen.

While all must pass through extensive confirmation hearings in the Senate, which are bound to become politically charged, each does have business acumen that may prove to provide a different spectrum by which to view and execute the responsibilities of their offices.

An interesting appointment

Although the Small Business Administration isn’t a Cabinet post, per se, it is accorded Cabinet-rank within the government. Mr. Trump’s selection of Linda McMahon to lead the SBA was regarded as surprising by some, although it shouldn’t be.

As a co-founder of pro wrestling juggernaut WWE, formerly WWF, she has overseen explosive growth in a company that 30 years ago was a small regional company, without television or licensing deals. Now a publicly traded company with a current market share of more than $1.5 billion, the WWE grew through innovation and a dedication to making sure what began as a family business in local gymnasiums didn’t leave their family personally bankrupt.

While a background of professional wrestling certainly adds grist to the conversation mill, and will prove to be easy fodder for comics should her leadership falter, growth of small businesses and entrepreneurs is at the heart of the SBA’s mission.

Slashing business regulations

With offices in every state, the SBA provides financing and training opportunities for small business owners and those who want to be. In campaign statements, Mr. Trump proposed rolling back corporate income tax rates by as much as 20 percent and drastically reduce regulations that many perceive as burdensome when opening a small business, especially for the first-time business owner.

“Our small businesses are the largest source of job creation in our country,” McMahon said in a statement issued upon her selection.

“I am honored to join the incredibly impressive economic team that President-elect Trump has assembled to ensure that we promote our country’s small businesses and help them grow and thrive.”

Preparing for change

As we enter into the next presidential term, the landscape for business is sure to change. The economic landscape will be shifting alongside the governmental oversight and regulation that are applied to businesses, both large and small. This is common when transitions between political parties occur in the White House, and we should expect no differently at this point. Things will change, as they always do in business, and, on this front at least, we must hope that the business experience of those selected to lead and advise the President comes to bear.


Roger is a Staff Writer at The American Genius and holds two Master's degrees, one in Education Leadership and another in Leadership Studies. In his spare time away from researching leadership retention and communication styles, he loves to watch baseball, especially the Red Sox!

Tech News

Snap a business card pic, Microsoft app finds ’em on LinkedIn

(TECH NEWS) Microsoft Pix is teaming with LinkedIn in a neat way that will benefit networking, especially if you have any lazy bones in your body.



microsoft pix

Have you ever been watching some sort of action-adventure movie where there’s a command center with all sorts of unbelievable technology that kind of blows your mind? Well, every day we come closer and closer to living within that command center.

You may think that I’m talkin’ crazy, but check this out – there is a new technology that can scan a business card, and find the business card’s owner on LinkedIn. (Can I get a “say what????!”)

This app is courtesy of Microsoft and goes by the name Pix (it’s not new, but this function is).

The way it works is simple: Bill Jones hands you his business card, you fire up the Pix app (currently only on the iPhone. Sorry, Droids), you snap a picture of the card and the app takes the details (phone number, company, etc.) and finds Bill on LinkedIn. Bingo.

It also will automatically take that information and will create a new profile for Bill Jones within your phone’s contacts. After you scan the business card through Pix, Microsoft will ask if you want to take action.

At this point, Pix will recognize and capture phone numbers, email addresses, and URLs. If your phone is logged into LinkedIn, the apps will work together to find Bill’s profile. Part of me wants to think that this is kind of creepy but a larger part of me thinks that it’s really cool.

According to Microsoft Research’s Principal Program Manager, Josh Weisberg, “Pix is powered by AI to streamline and enhance the experience of taking a picture with a series of intelligent actions: recognizing the subject of a photo, inferring users’ intent and capturing the best quality picture.”

“It’s the combination of both understanding and intelligently acting on a users’ intent that sets Pix apart. Today’s update works with LinkedIn to add yet another intelligent dimension to Pix’s capabilities.”

Pix itself originally launched in 2016 as a way to compete against AI’s ability to edit a photo by use of exposure, focus, and color. This new integration in working with LinkedIn is a time saver, and is beneficial for those who collect business cards like candy and forget to actually do something with them.

Continue Reading

Tech News

Walmart and the blockchain, sitting in a tree

(TECH NEWS) Say goodbye to #foodwaste with Walmart’s new smart package delivery proposal featuring everyone’s favorite pal, blockchain.




Following the trend of adding “smart” as a prefix to any word to make it futuristic, Walmart now proposes “smart packages.” The retail giant filed for a new patent to improve their shipping and package tracking process using blockchain.

Last week, the U.S. Patent and Trademark Office (USPTO) released the application, which was filed back in August 2017.

Officially, the application notes the smart package will have “a body portion having an inner volume” and “a door coupled to the body portion” that can be open or closed to restrict or allow access to the package contents.

In other words, they’ve patented a box with a door on it that also has lots of monitoring devices.

Various iterations lay claim to all versions of said box include smart packaging utilizing a combination of monitoring devices, modular adapters, autonomous delivery vehicles, and blockchain.

Monitoring devices would regulate location tracking, inner content removal, and environmental conditions of the package like temperature and humidity. This could help reduce loss of products sensitive to environmental changes, like fresh produce.

Modular adapters perform these actions as well, and also ensure the package has access to a power source and the delivery vehicle’s security system to prevent theft.

Blockchain comes into play with a delivery encryption system, monitoring, authenticating, and registering packages. As it moves through the supply chain, packages will be registered throughout the process.

The blockchain would be hashed with private key addresses of sellers, couriers, and buyers to track the chain of custody. Every step of the shipping process would be documented, providing greater accountability and easier record keeping.

This isn’t Walmart’s first foray into the world of blockchain. Last year they teamed up with Nestle, Kroger, and other food companies in a partnership with IBM to improve food traceability with blockchain.

Walmart also took part in a similar food tracking program in China with last year as well.

And let’s not forget Walmart’s May 2017 USPTO application to use blockchain tech for package delivery via unmanned drones. Their more recent application builds on the drone idea, which also proposed tracking packages with blockchain and monitoring product conditions during delivery.

In their latest application, Walmart notes, “online customers many times seek to purchase items that may require a controlled environment and further seek to have greater security in the shipping packaging that the items are shipped in.”

Implementing blockchain and smart package monitoring as part of the shipping process could greatly reduce product loss and improve shipment tracking.

Continue Reading

Tech News

Experts warn of actual AI risks – we’re about to live in a sci fi movie

(TECH NEWS) A new report on AI indicates that the sci fi dystopias we’ve been dreaming up are actually possible. Within a few short years. Welp.



AI robots

Long before artificial intelligence (AI) was even a real thing, science fiction novels and films have warned us about the potentially catastrophic dangers of giving machines too much power.

Now that AI actually exists, and in fact, is fairly widespread, it may be time to consider some of the potential drawbacks and dangers of the technology, before we find ourselves in a nightmarish dystopia the likes of which we’ve only begun to imagine.

Experts from the industry as well as academia have done exactly that, in a recently released 100-page report, “The Malicious Use of Artificial Intelligence: Forecasting, Prevention, Mitigation.”

The report was written by 26 experts over the course of a two-day workshop held in the UK last month. The authors broke down the potential negative uses of artificial intelligence into three categories – physical, digital, or political.

In the digital category are listed all of the ways that hackers and other criminals can use these advancements to hack, phish, and steal information more quickly and easily. AI can be used to create fake emails and websites for stealing information, or to scan software for potential vulnerabilities much more quickly and efficiently than a human can. AI systems can even be developed specifically to fool other AI systems.

Physical uses included AI-enhanced weapons to automate military and/or terrorist attacks. Commercial drones can be fitted with artificial intelligence programs, and automated vehicles can be hacked for use as weapons. The report also warns of remote attacks, since AI weapons can be controlled from afar, and, most alarmingly, “robot swarms” – which are, horrifyingly, exactly what they sound like.

Read also: Is artificial intelligence going too far, moving too quickly?

Lastly, the report warned that artificial intelligence could be used by governments and other special interest entities to influence politics and generate propaganda.

AI systems are getting creepily good at generating faked images and videos – a skill that would make it all too easy to create propaganda from scratch. Furthermore, AI can be used to find the most important and vulnerable targets for such propaganda – a potential practice the report calls “personalized persuasion.” The technology can also be used to squash dissenting opinions by scanning the internet and removing them.

The overall message of the report is that developments in this technology are “dual use” — meaning that AI can be created that is either helpful to humans, or harmful, depending on the intentions of the people programming it.

That means that for every positive advancement in AI, there could be a villain developing a malicious use of the technology. Experts are already working on solutions, but they won’t know exactly what problems they’ll have to combat until those problems appear.

The report concludes that all of these evil-minded uses for these technologies could easily be achieved within the next five years. Buckle up.

Continue Reading

American Genius
News neatly in your inbox

Join thousands of AG fans and SUBSCRIBE to get business and tech news updates, breaking stories, and MORE!

Emerging Stories