If Gen Z isn’t reading all that copy, how are brands persuading them?

For years, brands have been told to meet consumers where they are. Now, that increasingly means meeting them in lowercase, with fewer words, more emojis and just enough context to say, “If you know, you know” The recent “Millennial vs Gen Z” copy trend has pushed that tension into the spotlight, with brands rewriting their marketing messages for two generations with very different online instincts. Millennials are often framed as preferring context, clarity and a little storytelling. Gen Z, on the other hand, is cast as fluent in brevity, vibes and cultural cues. But beneath the humour lies a serious challenge for marketers: how do brands sound culturally relevant without losing the message they are trying to sell? Don’t miss: Is messy content the new route to authenticity? For industry players, the shift starts with how meaning itself is now built. Visuals, audio and platform-native formats are increasingly doing much of the work that copy once carried. Video, carousels, music and voice-overs allow text to be stripped back, with audiences expected to complete meaning through cultural recognition. As Peilin Lee, former head of marketing at Nespresso Singapore and now communications and leadership coach, put it, Gen Z communication relies heavily on this shared shorthand because earlier generations already laid the groundwork for understanding products in the first place. “Millennial marketing was built on aspiration and validation. Gen Z communication is built on recognition and cultural shorthand,” she said. “Brands used to say, ‘Here’s why you should join us.’ Now they’re saying, ‘If you get this, you’re one of us.’” That also changes how audiences process messaging. Rather than waiting for full explanations, Gen Z consumers are often filling in the gaps themselves based on what they see, hear and recognise in culture. Joanne Lim, head of marketing at Virgin Active, SEA, said this shift is less about age and more about how people consume information today. “Millennials grew up in an explanation-led digital world of blogs, long-form Facebook captions, email newsletters and brand storytelling,” she said. “Gen Z has grown up in a faster, more visual and context-driven environment, where meaning is carried not just by copy, but by format, timing, memes, creators, sounds and comments.” That means the same product can be explained in a full paragraph to one audience, and in “three words, a visual cue and a wink” to another. But Lim is clear on one thing: What has changed is not intelligence or attention span, but tolerance for unnecessary explanation. Context is doing the heavy lifting For industry players, if the caption is getting shorter, the rest of the content has to work harder. Lee pointed to visuals as a key driver of this shift, with video, carousels, music and voice-overs now carrying much of the storytelling load. In this environment, text becomes increasingly condensed, with meaning left to be filled in by what audiences recognise from culture. “Based on what they see, hear and recognise, Gen Zs fill in the blanks themselves to open-ended captions such as ‘it’s giving…’,” Lee said, adding:  Legend has it that Boomers are still waiting for the end of this sentence. For some, persuasion is now driven less by copy itself and more by the signals surrounding it, particularly in campaigns designed for Gen Z audiences. These include format, creators, timing, cultural references, comments and whether a brand feels like it “gets it”. “A short caption works when the audience instantly understands the moment, sees themselves in it, and connects the product to a need, mood or behaviour,” Lim said. “The copy is no longer doing the heavy lifting. Context is.” Linda Hassan, former group chief marketing officer of Domino’s Pizza Malaysia and Singapore, agreed that persuasion today is no longer dependent on detailed explanation alone. Instead, it is shaped by a combination of cultural relevance, creator or community influence, visual storytelling, relatability and social proof. However, she cautioned that this does not mean clarity can be compromised, noting:  Brands still need to ensure that the product value is clear enough for consumers to understand why it matters. The pressure to understand the room The shift is also being shaped by the speed and scrutiny of social platforms. Pat Law, founder of social marketing agency GOODSTUPH, said attention spans may have shortened, but intelligence has not. “The biggest shift is that audiences today can smell inauthenticity immediately,” Law said, adding: Millennials tolerated brands trying to be cool. Gen Z expects brands to already understand the room before speaking. That expectation has pushed brands to compress their communication into more culturally recognisable shortcuts, she added. “Jokes aside, brands are compressing communication into culturally recognisable shortcuts because the internet rewards immediacy over depth,” Law said. Virgin Active’s Lim added on that Gen Z consumers are often misread as being “too lazy to read”. Instead, she said, they are filtering. “Gen Z consumers are constantly deciding what deserves their attention, what feels useful, and what feels like a brand trying too hard,” Lim said. Having grown up surrounded by polished ads and constant content, Gen Z tends to value authenticity, peer voices, creators and reviews over overly perfected brand claims, she explained. The cringe risk is real  Still, cultural fluency can backfire when brands use internet language without the right context. Lee said the irony is that while Gen Z language feels more casual, the strategic precision required is higher. “All aspects of the communication have to come together to represent the brand,” Lee said. “If one element feels slightly off, brands risk being immediately labelled ‘cringe’ and having a generation write you off as being dated.” Law also pointed to the risk of brands jumping on a trend without considering whether it fits their audience or product. Referring to American Express joining the trend, she said she found it “hilarious”. “How many Gen Zs are realistically qualifying for a Gold card?” Law said. Beyond tone, the risk also extends to clarity. Hassan warned that over-indexing on cultural fluency can dilute product understanding,

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Antarctica's waters are warming – I know, because I jumped in

It was cold – but nowhere near what I expected; I’ve been colder in an outdoor swimming pool in Australia. It’s part of a global feedback loop, the scale of which I only began to comprehend when I saw this remarkable continent for myself. In the late 1970s, researchers became increasingly concerned about the stability of the West Antarctic Ice Sheet. There have been ongoing attempts to determine when the ice sheet last collapsed and when it might collapse next. Then, in 2024, a press release hit my desk – a research paper had determined that the West Antarctic Ice Sheet had collapsed during the last interglacial period. The problem? Current global temperatures are on par with the last interglacial period. Time was ticking for the ice sheet. I booked my ticket. After three long flights and two days on a boat, I stood on the ice sheet overlooking a colony of gentoo penguins. It felt like I was in a simulation – the amount of ice around me couldn’t be real. There was ice covering every mountain, filling the gaps between mountains and forming glaciers, and extending into the distance. The sheer volume of ice was beyond comprehension – and I was there in summer. During the Antarctic winter, frozen seawater creates ‘sea ice’, almost doubling the area of the continent. To help me break down just how much ice is in Antarctica, I turned to Dr Richard Jones, a Chief Investigator at Securing Antarctica’s Environmental Future (SAEF) who focuses on climate and ice sheets. Turns out, I’m not the only one who struggled to take in just how much ice is on the continent. On one of his early trips to Antarctica, Jones recalls, “flying over huge mountain ranges as well as all of this ice – you just keep on flying and flying for hours. And you really start to comprehend just how big Antarctica is.” Dr Richard Jones, Chief Investigator at Securing Antarctica’s Environmental Future (SAEF)Supplied by Richard Jones It’s not just spread far and wide, the glaciers and ice on the continent are kilometres thick. Jones says he once flew from a research station to the top of an ice plateau in a helicopter. “You just keep on going up and up and up. We went from basically sea level to about two and a half thousand metres,” he says. Seeing all of this ice and knowing that researchers have been concerned about Antarctica melting for over 50 years, raises the question: Where the hell is all of this ice going to go when it melts? If all the ice melted, that would be equivalent to 58 metres of sea level rise. “The ice sheet is essentially kilometres thick of glacial ice. It’s sitting on land and flowing off the Antarctic continent, and that’s going to directly contribute to sea level rise,” says Jones. “If all the ice melted, that would be equivalent to 58 metres (190 ft) of sea level rise.” Penguins make their way up the ice at Neko HarborCat Williams There’s a lot of ice, so I put on a lot of layers. Thermals. Fleece. Down jacket. Waterproofs. Beanie, neck buff, gloves. Two pairs of socks, gumboots. I step outside and immediately start sweating. It’s day one, and the sun is beaming down. I swap my beanie for a cap for the rest of the trip. By day three, I’m skipping the thermal and down jacket layer. It’s no surprise that ice is melting – I feel like I’m starting to melt too. It’s extremely unlikely that the entire Antarctic ice sheet will melt, but this doesn’t mean that we won’t feel the effects. “By 2100, there could be about 28 cm (11 inches) of sea level rise specifically from Antarctica,” says Jones. This rise could be higher if increasing temperatures trigger “instabilities” in the ice sheet. “I think it’s hard to comprehend at the moment because for a lot of people, the amount of [sea level rise] is pretty small from Antarctica.” “If we go beyond the century – say to 2150 – it could be tens of centimetres, or it could be multiple metres.” Unsurprisingly, Jones says there’s uncertainty in this estimate as well, due to a limited understanding of how quickly ice sheets are retreating in certain areas, and when tipping points could occur. “This is largely down to how much greenhouse gases we emit, and partly down to how the ice sheet responds to the warming,” he says. “The big concern is what’s going to happen beyond that with Antarctica, because it will then become a dominant source of sea level rise.” Large iceberg with a ‘zodiac’ boat for scale at Fournier BayCat Williams This sea level rise will have far-reaching consequences for us in the future, from coastal erosion and flooding to hundreds of billions of dollars of infrastructure damage. Yet, because we can’t directly see the impacts of this ice loss right now, it can be difficult to understand that there is a need for immediate action. Whilst there’s uncertainty about the rate of the ice sheets melting, there is no question that sea ice is on the decline, and in a fairly dramatic fashion. Dr Peter Fretwell has been a researcher at the British Antarctic Survey for over 20 years and is the author of The Penguin Book of Penguins – he knows a thing or two about Antarctica. “In the winter, generally, we get up to about 13 million square kilometres (5 million square miles) of sea ice,” says Fretwell. That’s just shy of two entire Australias of sea ice every winter. “In the summer, it shrinks back to what is usually about 3 million square kilometres (1.2 million square miles). But in the last few years, it’s been much less.” Fretwell says in 2023, the sea ice coverage was closer to 1.8 million square kilometres (695,000 square miles) – roughly a 40% reduction. “That change happened really rapidly,” he tells me. Sea

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Tim Hortons nabs Deliveroo's Minjoo Lee as APAC director of marketing

Tim Hortons has named Minjoo Lee-Zeitler (pictured) as its new director of marketing for Asia Pacific (APAC), as the Canadian coffee chain looks to deepen its presence and grow brand relevance across the region. In the new role, Lee-Zeitler will lead brand strategy, consumer marketing and product innovation across APAC, while overseeing overall marketing performance. She will also serve as a strategic advisor to Tim Hortons’ franchise partners, helping identify growth opportunities and collaborative solutions as the business scales. Her remit spans all of Tim Hortons’ existing markets in APAC, including China, South Korea, Singapore, Malaysia, Thailand and Pakistan, as well as any new markets the brand enters in the future. Don’t miss: Pizza Hut Singapore director of marketing and food innovation to exit In conversation with MARKETING-INTERACTIVE, Lee-Zeitler said that her key objective is to drive brand growth across APAC by strengthening Tim Hortons’ relevance with consumers, while maintaining consistency across markets. The broader goal, she said, is to make Tim Hortons the preferred choice for consumers in the region and deliver greater value to local franchise partners. Lee-Zeitler joins Tim Hortons from Deliveroo where she most recently served as head of marketing for Singapore. In that role, she led growth strategy, product marketing, and partner and promotional campaigns across Deliveroo’s core business, new verticals and subscription offerings, according to her LinkedIn. Prior to Deliveroo, she held regional marketing roles at Shangri-La Group, Wingstop and Yum! Brands, where she managed teams and led brand initiatives across multiple markets. Speaking to her appointment, Lee-Zeitler said that “Tim Hortons is a brand that is relatively new in the region, and I’m excited to help shape Tim Hortons’ story in APAC at this pivotal moment.”  “The brand and product portfolio have a lot of potential and I’m committed to working with talented teams and franchise partners to bring the growth vision to life and deliver our unique success story,” she added.  Lee-Zeitler’s appointment comes amid a series of leadership moves across the food and beverage sector. Most recently, Peilin Lee stepped down as head of marketing at Nespresso Singapore after seven years to launch her own venture focused on leadership development and strategic communication. At Nespresso, Lee oversaw the full marketing function across both B2C and B2B, with responsibilities spanning brand strategy, product innovation, customer experience and partnerships. A key part of her remit involved translating global direction into locally relevant strategies designed to drive growth while building long-term brand relevance. In Malaysia, PepsiCo Malaysia named Debra Deyvitah as its new head of marketing for foods. In her expanded role, Deyvitah will oversee the brand and marketing strategy across the snacks and nutrition portfolios in Malaysia, including flagship names such as Lay’s, Doritos, and Quaker. Reporting directly to PepsiCo’s Asia foods chief marketing officer based in the Philippines, Deyvitah’s remit includes driving growth, enhancing brand relevance, and delivering sustainable results through market execution and innovation. Related articles:   lululemon names new SEA regional head of marketing  Canva names new SEA head of marketing  Bata elevates Malaysia’s head of marketing to dual Malaysia–Singapore role  source

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畢馬威啟動第二屆「未來企業家」評選 首設人工智能先鋒企業家獎項

今年是中國「十五五」規劃開局之年,國家「十五五」規劃綱要明確提出全面實施「人工智能+」行動,將推進人工智能與經濟社會各行業各領域廣泛深度融合、重塑生產生活範式。在這場深刻的技術與產業的變遷中,誰將引領產業重塑? 誰又能成為定義未來的企業家? 5 月 13 日,畢馬威正式啟動第二屆「創見,即未來——未來企業家」評選。本屆評選在延續 首屆四大獎項的基礎上,緊扣國家戰略與產業趨勢,首次增設「未來人工智能先鋒企業家」 獎,並大幅提升「創新」維度的權重,旨在發掘那些以技術驅動商業引領、以遠見卓識錨定未來的新一代商業領袖。評選報名自即日起開放,最終獲獎名單將於 2026 年 10 月在頒獎典禮 上揭曉。 首屆評選反響熱烈 本屆評選全面升維 2025 年,畢馬威成功舉辦了首屆「未來企業家」評選,聚焦中國民營企業的傳承與突破、創 新與可持續發展。首屆獲獎者涵蓋高端製造、新能源、數字化轉型等多個領域,憑借在技術突破、國際化布局及社會責任等方面的卓越貢獻獲得殊榮,引發了社會對企業代際傳承與治理升級的廣泛關注,也為第二屆評選奠定了堅實的口碑基礎。 「未來企業家大獎」自設立之初,便承載著畢馬威對企業家精神的深度詮釋。畢馬威中國客戶與業務發展主管合夥人江立勤在回顧首屆評選時指出,真正的未來企業家,是在不確定性中錨定方向、於技術浪潮中駕馭變革的領航者。他們不僅追求商業價值的增長,更致力於以深厚的行業認知和持續的創新突破,為產業注入新的活力,構築經得起時間檢驗的長期競爭力。「未 來企業家大獎」正是為了探尋並致敬那些以深刻洞察重塑行業、以卓越智慧構築長期競爭力的 「企業領導者」。 新增 AI 產業獎項 人工智能站上「C 位」 隨著人工智能從基礎大模型向行業大模型縱深拓展,與實體經濟的結合度越來越高,行業高質 量數據集正取代通用語料,成為決定模型落地效果的關鍵變量。只有推動人工智能與各行各業深度融合,才能將技術勢能轉化為發展勢能。與此同時,AI 競爭的重心正從技術競速邁向產 業深耕,其落點已不僅是模型和算力本身,更在於場景嵌入、組織重構以及治理體系的同步跟進。 本屆「未來企業家大獎」在延續「未來企業家年度大獎」、「未來非凡巾幗企業家」、「未來 卓越家族企業家」、「未來傑出新銳企業家」四大獎項的基礎上,增設「未來人工智能先鋒企業家」獎項。該獎項面向在大模型、通用 AI 基礎軟件、硬件及相關技術、以及「AI+」行業 場景或行業解決方案等領域實現技術突破與商業創新的企業家。 五大維度全面評估 構建系統化評選體系 為確保評選的權威性與公正性,畢馬威設立了由社會及商界領袖組成的獨立評審團,圍繞戰 略、創新、治理、經營表現、社會責任五大維度對被提名人進行綜合評估,找出具有「未來」 視野及戰略的企業家領航者。 評選致力於表彰那些敏銳洞察趨勢,勇於布局新興領域,不僅曾在關鍵時刻做出前瞻性判斷、 推動顛覆式創新,更在此後不斷抓住新機遇,推動技術變革和商業模式升級,始終以卓越遠見引領行業發展的企業家。正是憑借對未來趨勢敏銳洞察和對創新不懈追求,他們持續創造價值、引領方向,成為新時代企業家的標杆與典範,為民營經濟發展做出重要貢獻。 畢馬威中國私人和家族企業服務主管合夥人楊嘉燕表示,「未來企業家大獎」評選深植創新基 因,底色是責任與擔當。畢馬威希望為站在時代前沿的企業家搭建起更廣闊的舞台,給予更強大推力,讓優秀企業家嶄露頭角,綻放光彩。評選對企業家是一種榮耀,更是企業鏈接各種資 源、洞察業態趨勢的通道。畢馬威期待更多優秀企業家走上這個舞台,與時代同行,共同推動企業創新與智能經濟邁向新階段。 「十五五」時期,民營經濟將在國家戰略中扮演更為重要的角色,在這場產業創新與變革中, 企業家的遠見、勇氣與責任感,決定著技術創新的最終落點,也塑造著中國經濟的未來高度。以畢馬威「未來企業家」為代表的評選機制,正在通過專業的標準、開放的姿態,持續發掘那些在浪潮中找準方向、在變革中穩健前行的引領者,為產業發展帶來合力與賦能。 有關獎項類別和評估標準的進一步詳情,請參閱未來企業家大獎官方網站:未来企业家大奖2026。 LinkedIn Email Facebook Twitter WhatsApp The post 畢馬威啟動第二屆「未來企業家」評選 首設人工智能先鋒企業家獎項 appeared first on VeriMedia. source

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1.5-lb pocket winch manhandles loads over 1,000 x its weight

Built for the type of fast, remote motorized adventure that can go wrong in a hurry, the new Pocket Winch from startup Dragan Systems aims to be the lightest, most portable come-along out there. It fractionalizes weight while still multiplying muscle enough to move up to 2,000 lb (907 kg) of stuck vehicle, trail-blocking deadfall or whatever else stands in the way of open-ended adventure. Chuck it in your Africa Twin’s pannier and have an instant backup plan if things go sideways. While big off-road and overland trucks have the luxury of carrying an embedded winch effortlessly in their bumpers, lighter, two-wheel and tracked vehicles don’t have that luxury. Instead, adventure riders, dirt bikers, backcountry discoverers and sled heads are left with the come-along winch, a manual hand-cranked gizmo that’s small enough to carry on a lighter adventure vehicle but powerful enough to self-rescue a stuck bike, snowmobile or ATV with a few pulls of the lever. The Dragan Systems Pocket WinchDragan Systems When fully set up like above, the Dragan Pocket Winch doesn’t look all that much different from the typical come-along. But while existing options like the 2,200-lb-rated Performance Tool W4003 and 2,000-lb Haul-Master Cable Winch Puller weigh in around 6 to 7 lb (2.7 to 3.2 kg), Dragan slashes the weight of the Pocket Winch down to 1 pound and a half (680 g), including the carry case. Dragan manages to cut weight by a factor of four by lightening and shrinking materials. The two-piece collapsible handle is made from carbon fiber, while the core housing and gears are built from aircraft-grade anodized aluminum. Even the braided cord is a lightweight synthetic construction that Dragan claims as stronger than steel. The carbon fiber handle segments secure together via aluminum hardwareDragan Systems The main winch body sets up between a strapped anchor point (e.g. a tree) and a strapped load (e.g. your stuck 600 lb BMW GSA or a trail-blocking log) and then uses force multiplication to easily move loads that you wouldn’t dare try moving with bare (or gloved) hands. The kit comes with a force-doubling pulley that creates a dual-line setup to bring capacity from 1,000 lb (454 kg) to the 2,000-lb maximum. The pulley also cuts pull distance from 20 to 10 feet (6 to 3 m). While Dragan’s rig is definitely ultralight and portable compared to the average come-along, you’ll probably still have trouble fitting the “Pocket” Winch into an actual pocket … unless you’re talking the pocket of a backpack or a piece of luggage. Or maybe you’re rocking a big, open dump pocket on one of those goofy jackets designed to carry around every gadget you ever owned. The entire winch kit collapses down and packs in a small pouchDragan Systems We’re inclined to call it more of a dopp winch, as it breaks down and stows inside a portable 6 x 2.8 x 3.2-in (15 x 7 x 8-cm) pouch that looks a lot like a smaller version of the one we pack our toothbrush and shave kit in while traveling. And if we’re unsure about what kind of bathroom offerings the destination hotel(s) will have, we’ll also squeeze a full bar of soap in there, maybe even a little bottle of shampoo. A tiny mouthwash is pushing it, but we’ve never complained about having one at the ready when it was needed. But we digress … that has absolutely nothing to do with winches. The point is ultimately that the Dragan winch packs small and light enough to stow comfortably in a backpack, store in a car glove compartment, carry in a saddle bag or pannier, or lash right to a bike. Beyond being used for tasks like pulling a motorcycle up off a cliff and back onto the trail or clearing oversized debris off the trail, it can also be handy for things like pulling a stuck snowmobile out of the snow, moving a sick animal on the farm, or saving your back and internal organs while rolling heavy loads up the ramp of a moving truck. Instead of sliding down the steep hillside trying to lift that bike back up to stable ground, the Dragan winch pulls it up from a safer spotDragan Systems When terms like “crazy lightweight” and “unparalleled portability” come together, “pleasantly affordable” is rarely lurking in the shadows just behind them. And it won’t be emerging here, as the Dragan winch retails in at $399. That might not sound so bad if you’re not familiar with come-along pricing, but the Performance Tool and Haul-Master winches we mentioned earlier price in at $40 and $25, respectively. So 400 bucks is a whole lot of premium. But we suppose if you’re soloing hundreds of miles of remote backcountry, competing professionally where every additional ounce could snatch defeat from the jaws of victory, or perhaps bikepacking thousands of miles without a motor at all, having such a light, portable and capable gizmo could make the difference between glory and failure … or worse. Dragan just took home a 2026 Outdoor Innovation Award for the Overland & Travel Safety Product of the Year. Watch the Pocket Winch in action below and decide for yourself if it’s worth all that money, based on whatever it is you do out there. The 1.5 lb Winch That Fits in Any Pack | Dragan Pocket Winch Source: Dragan Systems source

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Dow Jones Futures Rise As Apple Climbs On Earnings, Sandisk Skids; Stock Market At High

Dow Jones futures rose slightly early Friday, along with S&P 500 futures, while Nasdaq futures edged lower. Apple (AAPL), Sandisk (SNDK), Western Digital (WDC) and Roku (ROKU) all beat earnings views after the close, but the stocks diverged. The stock market rally had a solid session with the S&P 500 and Nasdaq hitting new highs amid massive earnings news and… Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8 source

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Book Review: Wrong Number

Our authorities are not authoritative. They often want the protection afforded by their expertise or authority to nudge others toward their own goals and desires. Stanford epidemiologist John Ioannidis contends that wrong numbers arise because scientists “may be prejudiced purely because of their belief in a scientific theory or commitment to their own findings . . . Or prejudice may prevail in a hot scientific field, further undermining the predictive value of its research findings. Highly prejudiced stakeholders may even create a barrier that aborts efforts at obtaining and disseminating opposing results.”1  This is not an investment book, although it touches on some important trading concepts like the Kelly Criterion, odds formulation, and the misuse of government macroeconomic data. The widespread misuse of statistics across science, however, makes a strong case that finance is not immune to wrong numbers. The misuse of p-values, failure to present confidence intervals, drawing conclusions from small samples, overfitting, and poor back-testing methodology are just a few of the problems faced in financial research, and we have not even touched on the issue of data being used to manipulate in the sales and investment persuasion process. All who read this book will say to themselves that some of the wrong numbers are obvious upon reflection, yet in a world of information overload, how can a reader question everything they read? How can a reader make sense of bad numbers? Brown asks readers to question authority and think for themselves through critical analysis and basic statistical knowledge, as employed in solving Fermi problems. Use logic to ask whether the statistics being presented make sense when extended to a broader setting. Walk through assertions to their logical extremes and question the underlying data used for any analysis. You don’t have to be a statistical expert; just apply the basics, like confidence intervals, sample size, proper application of p-values, and power levels, to the numbers presented. Brown, through his interesting tales of numerical failure, walks readers through his approach to problem-solving and provides a path to better numerical thinking. This is a powerful book for anyone who wants to be more numerate; however, I have some minor criticisms. While this is a book of short vignettes about wrong numbers across many fields, the stories are at times disjointed and could use stronger thematic introductions. Brown is occasionally too facile with the numbers, so the reader may need pen and paper, as well as a statistics book, to keep up with some of the key arguments. If the objective is to stop bad statistical thinking, working methodically through the correct way to conduct the analysis will better educate readers. Finally, Brown should spend more time writing about how to manage this information-challenged world. In a crowded news world, how do you make sense of the nonsense? Brown clearly notes red flags in his narratives, but getting at the right numbers is often exhausting work, and, while challenging, providing shortcuts for spotting disinformation is necessary for clearer thinking. From this work, readers should follow the advice of Robert Solow, the Nobel laureate in economics, who was skeptical of stylized facts: “There is no doubt that they are stylized, though it is possible to question whether they are facts.” Always think of Solow sitting on your shoulder when looking at facts in an argument. The Royal Society, the United Kingdom’s national academy of science, has a useful motto, “Nullius in verba,” which is Latin for “take nobody’s word for it.” Wrong Number takes this to an extreme with a significant splash of cold water on all the readers willing to give those in authority the benefit of the doubt, as well as to professionals who play fast and loose with their numbers. You want to read this book as a warning for all that can go wrong with statistical misinformation. Footnotes 1J. Ioannidis. “Why Most Published Research Findings Are False,” PLoS Med 2, no. 8 (2005): e124. https://doi.org/10.1371/journal.pmed.0020124.   source

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Capital Efficiency With Derivatives

Futures offer significant advantages in execution speed. When regime shifts require exposure adjustment, physical holdings impose transaction costs, potential tax triggers, and multi-day settlement periods. Futures adjustment occurs in minutes at near-zero cost. A $300 million portfolio detecting rising volatility needs to reduce equity exposure from 70% to 55%, eliminating $45 million of exposure.Traditional rebalancing: sell $45 million in shares. Cost: 0.3% to 0.5% ($135,000 to $225,000). Time: two to three days. Via futures: eliminate $45 million of synthetic exposure. Cost: $1,000 to $2,000. Time: minutes. Adjusting exposure multiple times annually as regimes shift? The cumulative savings become substantial. More importantly, low adjustment costs remove hesitation. You can respond to changing conditions without worrying that reversal will be prohibitively expensive. This agility enables capturing opportunities in favorable regimes by increasing exposure when volatility is low and protecting capital in adverse regimes by reducing exposure when volatility spikes, exactly what’s needed to maintain long-term consistency. Implementation Risks The same principle applies beyond protection. Capital efficiency through derivatives isn’t without complications. Three risks require management: Margin Calls During Stress Futures require margin. When markets move sharply against positions, you need to add margin quickly, sometimes intraday. March 2020 taught this lesson clearly. Some institutional investors maintained minimal margin buffers. When requirements doubled or tripled overnight, liquidity squeezes forced liquidation at the worst possible moment. Mitigation: maintain 3x to 4x the margin requirement in liquid reserves. Use Treasuries as collateral; they’re accepted for margin and continue generating yield. Basis Risk Between Physical and Synthetic Futures don’t replicate indices perfectly, particularly during extreme volatility. S&P 500 futures tracking error ranges from 2 to 5 basis points in normal markets to 3 to 80 basis points during stress. For a $150 million position, that’s $45,000 to $120,000 in temporary divergence. Mitigation: limit synthetic exposure to 25% to 35% of equity allocation. Use only highly liquid futures on broad indices rather than sector-specific or small-cap contracts. Monitor basis daily and adjust if divergence becomes significant. Operational Requirements Adding a derivatives layer requires infrastructure: real-time exposure tracking, margin management processes, counterparty monitoring, regulatory reporting. This can seem daunting. But for insttutional investors already operating derivatives for hedging, adding an efficiency layer is incremental rather than transformational. The systems already exist. New to derivatives? Start with a single liquid instrument: S&P 500 futures representing 15-20% of equity allocation. Build comfort and establish processes over 6 to 12 months, then scale gradually.The complexity is real but proportionate.  Compared to 150 to 200 basis points in annual savings and materially improved risk-adjusted returns, the operational investment justifies itself, particularly when viewed as permanent infrastructure rather than temporary overlay. Decision Framework Three conditions indicate when this approach is most effective:Capital in Low-Return Positions. Maintaining 10% to 15% in defensive positions for operational or strategic reasons? Capital efficiency dramatically reduces opportunity cost. Already 100% invested comfortably? The savings are marginal. Rebalancing Frequency Volatility targeting, regime-based adjustments, tactical tilts — each imposes transaction costs. Physical rebalancing costs 20 to 50 basis points per adjustment. Derivatives cost 1 to 3 basis points. Quarterly rebalancing or less? Savings don’t justify added complexity. Monthly or more frequent adjustments? Annual savings reach 100 to 200 basis points. Operational Capacity Already using derivatives for hedging? Adding efficiency layers is natural. Without derivatives experience? Start small with gradual scaling to develop capability without excessive risk. source

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EDB and Enterprise SG open China agency pitch

The Singapore Economic Development Board (EDB) and Enterprise Singapore (EnterpriseSG) are seeking a content marketing and communications agency to strengthen their digital engagement with Chinese business audiences. According to tender documents seen by MARKETING-INTERACTIVE, the appointed agency will provide strategic counsel and manage content operations for the agencies’ joint WeChat official service account and channels account. Furthermore, the tender seeks to position Singapore as an attractive destination for investment and innovation, while promoting Singapore companies as trusted partners for Chinese enterprises looking to expand internationally. Don’t miss: GovTech picks agency to manage digital and social media channels  Under the scope of work, the winning agency will be tasked with developing an annual content marketing and communications strategy, producing and publishing at least 12 articles and two videos a month, and managing regular media monitoring, community engagement and performance reporting. The agency will also be expected to provide strategic recommendations to deepen engagement on WeChat and explore expansion onto other Chinese digital platforms such as Zhihu, Bilibili, Xiaohongshu and Douyin. As part of the mandatory retainer, the agency must deliver a minimum of 36 original articles, 108 translated or adapted articles, four newly produced videos and 20 videos created from existing assets each year. Additional responsibilities include media relations support, crisis and reputation management, localisation of English-language content into Mandarin, and optimisation of WeChat content through SEO, tagging and customer relationship management integration using JING Digital. Optional project work may include campaign ideation and execution, ad-hoc creative development, media partnerships, expansion into new platforms and proactive media pitching. The tender requires agencies to demonstrate fluency in English and Mandarin, strong experience working with multinational B2B companies and government organisations, and a deep understanding of China’s marketing and communications landscape. The tender comes as EDB continues to step up its global brand storytelling efforts to engage overseas business audiences. EDB’s marketing efforts are global in scope, reflecting Singapore’s need to attract investments from a diverse range of markets including the US, Europe, Japan and China. Its recent March 2025 campaign, “Your business needs Singapore“, developed in collaboration with The Secret Little Agency (TSLA), sees the agency position Singapore as a stable and trusted base for companies navigating global uncertainty. The one-minute film highlighted how Singapore’s predictability and safety provide a foundation for bold innovation, contrasting global volatility with the country’s business environment. It also featured examples of local innovation and reinforces the message that trust and stability remain central to Singapore’s value proposition. Related articles:   Heineken wraps global agency review in bid for scale and consistency  Lazada Singapore picks new PR agency  Intellectual Property Office of Singapore picks new PR agency source

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3rd-Gen multitool packs 20 functions into funky key form

EDC Monster is a team of everyday carry (EDC) tool enthusiasts that has been creating compact gear since 2022. One of its signature products is a key-shaped multitool introduced three years ago. The idea behind the series is to create a multifunctional tool that is small and lightweight enough to stay on a keychain – essentially a full toolbox in the shape and size of a key. The original KeyMaster included over a dozen basic tools, followed by the KeyMaster 2.0, which added more functions and improved versatility. The latest generation, KeyMaster 3.0, is currently seeking backing on Kickstarter and is presented as the most refined version yet. The tool is designed as a practical tool for emergencies, unexpected repairs, and outdoor adventures – situations when you may not know exactly what you’ll need but still want to have a few backup options. Along with being able to accommodate attachable bits (pictured), the 3.0 also features integrated Phillips and flathead screwdriversEDC Monster KeyMaster 3.0 weighs 53.7 grams (2 oz) and measures 74.5 x 35 x 11 mm (2.93 x 1.38 x 0.43 inches). It is compact and lightweight enough to stay on a key ring or in a pocket without being bulky or noticeable. Despite its small size, the 3.0 combines more than 20 tools. These include some standard EDC tools such as a pry bar, two screwdrivers, a mini knife, wrench, mini ruler, and bottle opener, along with a nail file, firestarter edge, mini saw, and even a fishhook bender. All the tools are integrated into two key-shaped plates held together at the top, following the same design as the original version. The EDC Monster team says that it focused less on adding new features this time around, and more on organizing the tools within the compact body and improving how they work together. The body is once again made from Grade 5 titanium, which is commonly used for EDC tools because it’s durable, lightweight, and corrosion-resistant. The tool comes standard with a sandblasted titanium finish, which can be upgraded to matte blackEDC Monster Although the overall concept remains consistent with previous versions, several new features have been added. While earlier generations of the KeyMaster had fixed wrench sizes, the 3.0 version includes a fully adjustable spanner with a 0-16 mm range. The second plate becomes a handle for a better grip. This feature can be used for quick bike repairs or light furniture fixes. The screwdriver system has also been upgraded. The tool features a magnetic driver setup designed to reduce slipping during use. It supports 4-mm and 6-mm (1/4 and 1/6-inch) hex bits as well as top-mounted drivers. There is also a magnetic bit storage slot inside the body of the tool, that can hold two bits. The tool takes a standard #11 replacement bladeEDC Monster And for cutting tasks, the KeyMaster 3.0 features a user-replaceable precision blade. Assuming the Kickstarter campaign is successful, an early bird pledge of US$79 will get you the tool with two 1/6-inch bits. The planned retail price is $119. If everything goes according to plan, shipping will begin in September. KeyMaster 3.0: The Next Evolution of Key-Shaped Toolbox Source: Kickstarter Note: New Atlas may earn commission from purchases made via links. source

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