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Lewis Hamilton , Sebastian Vettel and Max Verstappen were RaceFans’ Stars of the British Grand Prix weekend. Here’s why.

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Hamilton was immediately on the radio complaining about damage, but the team failed to find anything in the telemetry, and as he began making his way through the field he was the fastest car on track. Within 10 laps he was back to sixth, following which he ran a long first stint on soft tyres.

This meant he was in a better position than his team mate to take advantage of the Safety Car period by staying out on worn rubber. He jumped ahead of both Red Bulls, then held off Raikkonen who had fresh softs, and kept Vettel within range. He ended up finishing second after Bottas’ tyres fell off significantly in the final laps – a remarkable recovery.

After stopping for mediums Vettel was forced to manage his tyres and Bottas slowly closed the gap to two seconds. He was saved by the Safety Car and fit fresh softs while Bottas stayed out and inherited the lead. After the Safety car interruptions, Vettel struggled to get by Bottas as he defended the lead. However a late dive down the inside into turn six sealed the win for the Ferrari driver with five laps to go.

Verstappen out-qualified team mate Daniel Ricciardo for the fourth race in a row, but blamed a 70-80 horsepower deficit to Ferrari and Mercedes for his inability to challenge the front runners.

In the race he won a first-lap scrap with his team mate and took advantage of Raikkonen and Hamilton’s collision to move into third, Verstappen was able to keep Raikkonen at bay during the first stint and maintained third after the first round of stops. The Safety Car offered him a free opportunity to switch to the softs for the end of the race, but he came out behind Hamilton.

After the restart he had a good battle with Raikkonen, but eventually the Ferrari’s power proved to be too much. On lap 45 Verstappen a brake by wire fault caused a spin while defending against Ricciardo. He was able to make it out of the gravel, but couldn’t continue.

Despite qualifying behind his team mate, Grosjean was satisfied with his performance considering he lost so much track time on Friday. Haas were clearly best of the rest heading into the race with no midfield teams challenging them in qualifying.

English

LINKING INFLUENCE AND VALUE

Influence chain creates a token based ecosystem that exploits the advantages of private blockchain by building up a token exchange where influential power (individualized intellectual property) can be monetized into digital assets for the token holders.

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No matter how the value of influential power has been recognized by the public, there are still unsolved challenges with no applicable industrial solution.

Influence chain aspires to create a token based ecosystem whereby

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Influence Exchange (INEX) is the core value of entire blockchain applications under Influence chain’s umbrella. it is where the potential of influence can be liquidized and monetized through the use of tokens.

INFLUENCE

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BUYCLUB is the first platform which use blockchain to help football clubs to register their equities and raise funds. It's one of the important applications in the influence chain ecosystem.

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Influence chain creates an innovative way for influencers to quantify their influential power by scientifically factoring in dynamic variations.

Influence chain creates an innovative way for influencers to get support from their fans and interact with their fans.

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More interactive intimacy between supporters/fans and influencers on daily basis, whereby the pricing on Influence exchange, and applications developed for tokens’ utility.

Rain Huan

Founder of Influence Chain

Yao Ge

Co-Founder of Influence Chain Partnership Operation

Heng Xia

Co-Founder of Influence Chain | Partner of Operation Center Asia-Pacific

Jimmy Li

Partner | CEO of Operation Center Asia-Pacific

Xinyao Xie

Co-Founder of Influence Chain | Head of Operation Europe

Shayda Osman Jalal

Partner of Operation Center Middle-East

Park Cheol Min

Partner of Operation Team South Korea

Kim Si Eun

Partner of Operation Team South Korea

James Wong

Co-Founder of Influence Chain Global Business Development

Jackie Ma

Business Development Director

Sophia Li

Marketing Director

Jesse Liu

Vice President of INEX

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Product Director of INEX

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Technical Director of INEX

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Partner

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INC wins at HADAX voting ranking No.1 with 342,199,815 votes!

INC wins at HADAX voting ranking No.1 with 342,199,815 votes!

May.11.2018

Richard Murphy on tax and political economy

The public want nationalisation because nationalisation makes sense

Posted on October 1 2017

The Observer has one of its rather odd right wing business editorials today, given that it claims to be a left of centre paper. ASICS Womens Hyper Rocket Girl SP Running ShoeBlack/Raspberry/Silver95 M US SUfuoUd4yw
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Few opinion polls that claim to detect a shift in public attitudes merit the ubiquitous label “landmark research”, but here’s one that does. The Legatum Institute, a thinktank, and Populus have found levels of support for nationalising large parts of the economy that would have been hard to believe a few years ago.

The big four industries in the sights of Labour’s Jeremy Corbyn and John McDonnell should all return to public ownership, according to a strong majority of respondents. Water topped the poll (83%), followed by electricity (77%), gas (77%) and the railways (76%).

They add:

Dig deeper into the figures and you will see a remarkable convergence of opinion across age groups for most sectors. This is not a generational phenomenon. Some 78% of 55-64-year-olds, who are old enough to remember the days of British Rail (unloved at the time), support public ownership of train companies.

The Observer then tries to guess why this might be the case. The suggest it could be the collapse in real income growth since 2008. Or a collapse in confidence in big business, aided and abetted by disenchantment with executive pay. Then they speculate on whether or not it is the obviously feeble benefits of privatisation that fuel this sentiment when nothing suggests that the public have benefitted, whilst shareholders clearly have. The analysis is a curious hotch-potch of microeconomic thinking on what is quite clearly a macroeconomic and even macropolitical shift. Nothing symbolises this better than the comment that follows:

The extraordinary part of this pro-nationalisation shift, however, is that Corbyn and McDonnell have barely bothered to explain how they would pay for the assets, or how they would run them better. If a company were contemplating a series of takeovers worth £200bn-plus, the shareholders would want to know the details. The prime minister, if she’s serious about defending capitalism, might want to push that argument.

To which they then add:

She could also try rewriting the regulatory system for the utilities to ensure consumers get a better deal. You’d probably start with water – it’s hard to mess up and current owners enjoy a life of almost risk-free luxury.

At least the Observer pins it's colours firmly to the mast: it would seem that they are firmly on the side of the Tories in finding ways to beat off this 'threat'.

Let's look at this another way. First, why is nationalisation popular? Let's not play with trivia at the edges: let's go to fundamentals. People know that what we're talking about, whether it be trains, power, water and maybe other utilities (BT OPenreach is an obvious example; the banking platform that guarantees that payments can take place another, the National Grid a third, and healthcare an obvious fourth) are natural monopolies. There really is no room for a second serious supplier in any of these markets. Competition is not then ever going to be a reality in practice. And in that case to pretend that the private sector can provide an answer other than monopoly abuse is obviously just wrong. This is an answer reached with regard to railways in WW1 (although the full bullet was not bitten then). It's been reached with all the others since and it's now obvious to anyone that all the alternatives are just game playing: the result is an industry that has to be so widely regulated that any pretence at real competition is a charade, which has not prevented arbitraging of rules (train fares, customer tariffs and straight rip-off in the case of water) at consumer expense.

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