I came across this article and I wonder what the professor thinks about this!

72% Of Professors Who Teach Online Courses Don’t Think Their Students Deserve Credit


posted 2 hours ago

This is not a good sign for online education: 72 percent of professors who have taught Massive Open Online Courses (MOOCs) don’t believe that students should get official college credit, even if they did well in the class. More importantly, these are the professors who voluntarily took time to teach online courses, which means the actual number of professors who discount the quality of MOOCs is probably much (much) higher. The survey reveals the Grand Canyon-size gap between the higher-education establishment and the coalition of tech companies and lawmakers that are mandating college credit for online courses.







Interesting article about Extractive Industries Transparency Initiative Implementation

Supporting Extractive Industries Transparency Initiative Implementation

  • Approximately 3.5 billion people live in countries rich in oil, gas, and minerals, but many of these countries suffer from poverty, corruption, and conflict stemming from weak governance.
  • The Extractive Industries Transparency Initiative (EITI), launched in 2003, promotes and supports improved governance and transparency in resource-rich countries.  It does this through the full publication and verification of company payments and government revenues from oil, gas, and mining activities. As a voluntary association of stakeholders with common goals, the EITI includes resource-rich developing countries, donors, international and national resource companies, and civil society.
  • The World Bank’s oil, gas, and mining unit provides countries with technical assistance and grants to implement the EITI principles of revenue transparency and accountability, as well as support capacity building for civil society.  Funds for this purpose have been contributed to a multi-donor trust fund (MDTF) managed by the Bank and supported by 15 donor countries.
  • Grants from the trust fund help support technical assistance and global knowledge sharing activities in EITI implementing countries. As of September 2012, donors include: Australia, Belgium, Canada, Denmark, the European Commission, Finland, France, Germany, Japan, the Netherlands, Norway, Spain, Switzerland, the United Kingdom, and the United States.
  • As of September 2012, 36 countries are implementing the EITI.  Fourteen countries have become compliant with EITI principles while 15 more have made significant progress toward validation.

Full Article 



Rent-Your-Car-Out Service iCarsClub Gets $482,000


iCarsClub, a service that allows people to rent out their cars by the hour just got a seed round of almost half a million, a little under three months since its launch.

The Singapore-based startup provides a service similar to Zipcar, except car owners rent out their own vehicles and iCarsClub doesn’t own or provide the cars. The company will install a piece of hardware in members’ vehicles, which will allow the renter to unlock the doors with a phone app. The cars are connected to a central server which sends the locking command.

iCarsClub was just launched in December, and the team is using its home state of Singapore to test the concept. The team of five have plans to quickly expand to China within the year, and are eyeing Beijing and Shanghai. It has set a target to attract 5,000 members and 1,000 cars in Singapore, and another 1,000 cars in China by end-year.

The startup was funded by Red Dot Ventures, a VC in Singapore affiliated with the government’s National Research Foundation (NRF) effort. The NRF backs investments pledged by its appointed VCs in the country, to a ratio of 85 percent for 15 percent raised by the VCs.

iCarsClub’s CEO is Eddy Zhang, and the team includes Joya Zhao Hong, Chengkun Xue and Jack Wei Liuwei.


Source : http://techcrunch.com/2013/03/08/rent-your-car-out-service-icarsclub-gets-482000/

Six global trends driven by three key drivers

In 2010, the global financial system remained fragile, but economies around the world began moving toward recovery. Some — especially those in emerging markets — hardly broke stride, continuing their rapid growth.

Our report, Tracking global trends, looks at six broad, long-term developments that are shaping our world:

  1. Emerging markets increase their global power
  2. Cleantech becomes a competitive advantage
  3. Global banking seeks recovery through transformation
  4. Governments enhance ties with the private sector
  5. Rapid technology innovation creates a smart, mobile world
  6. Demographic shifts transform the global workforce

Global economies are so tightly interconnected that companies, governments and industries will soon be forced to cooperate in ways we could not have imagined just a few years ago.

In fact, Ernst & Young believes the six trends are themselves connected by three underlying drivers that have helped establish each trend and perpetuate it.

  1. Demographic shifts. Population growth, increased urbanization, a widening divide between countries with youthful and quickly aging populations and a rapidly growing middle class are reshaping not only the business world, but also society as a whole.
  2. Reshaped global power structure. As the world recovers from the worst recession in decades, the rise of relationships between the public and private sectors has shifted the balance of global power faster than most could have imagined just a few years ago.
  3. Disruptive innovation. Innovations in technology continue to have massive effects on business and society. We’re now seeing emerging markets become hotbeds of innovation, especially in efforts to reach the growing middle class and low-income consumers around the globe.

Six global trends, interconnected by three key drivers of change

Six global trends, interconnected by three key drivers of change

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