I tried to install .NET Framework 4.7 in my test environment but some of my applications were not working properly anymore. The first step I did was to look in Programs and Features, but the “Microsoft .NET Framework 4.7” was not there. Then I searched on the Internet on how to remove it, but I couldn’t find a proper solution for my case. For non-server Windows OS, there is one, and it says that you can uninstall it from Programs and Features. But since I’m using Windows Server, that’s not applicable.
Then I started searching on my own. I clicked the “View installed updates” in Programs and Features and searched for the latest Windows update that was installed. I tried to uninstall KB3186539. Luckily, it was the .NET Framework 4.7! My applications are now working properly.
Note: If you are using a different version of Windows, the KB number might be different.
“We spent more than $9.5 billion in technology firmwide, of which approximately $3 billion is dedicated toward new initiatives. Of that amount, approximately $600 million is spent on emerging fintech solutions—which include building and improving digital and mobile services and partnering with fintech companies.”
– Jamie Dimon (CEO of JP Morgan), 2016 Letter to Shareholders
The financial services industry is increasingly acquiring the “tech” suffix as Silicon Valley takes aim at one of the world’s most profitable and highly regulated sectors. This change not only brings with it new technology, but a need to attract and develop talent that have the skillset needed to operate in this changing environment. Organizations are also grappling with how to simultaneously foster innovation and entrepreneurial risk-taking while also ensuring stability and financial prudence.
The economy of Greece is back in the spotlight as an impending repayment deadline on its outstanding debt becomes due in July. Talks on refinancing these with further bailout funds are once again stalled. Seven years on, the Greek debt crisis continues to be unresolved.
The root cause of Greece’s economic crisis can be found in the profound structural economic inefficiencies that were borne out of the 1980s depression the country suffered through. As the country came out of brutal fascist military rule, the country embarked on a public sector-led economic boom that sowed the seeds of the crisis the country faces today.
Many argue that Eurozone membership is to blame for the current debt crisis. Nevertheless, we disagree: Euro membership in fact provided a means, by way of both funding and structures, to spur the Greek economy’s development. Unfortunately, the opportunity was not taken advantage of.
Instead, Eurozone membership created a way of sweeping the problems under the carpet, and caused artificially low borrowing costs that allowed the various governments of past decades to continue the expansionary public sector policies of the previous periods.
The straw that broke the camel’s back and precipitated the current crisis was the global financial meltdown of 2008. But in many ways, the economy of Greece was already insolvent before then.
Despite the immediate future looking bleak, we believe the Greek Debt Crisis can still be resolved. If the underlying structural problems that have plagued the economy since the 1980s are finally tackled, the situation could turn around. These reforms must be centered around five key areas:
Fixing investment and business scale disincentives
Reducing the size of the public sector’s contribution to the economy
Addressing labor market inefficiencies
Improving the legal and judicial systems
Curtailing the size and role of the “shadow” economy
If something is not done soon to address the situation, it risks deteriorating from an economic crisis to a humanitarian one.
Growth in startups worldwide has seen an influx of new professionals into venture capital. $3.8bn across 32 first-time manager funds was raised in 2016, continuing the trend over the last 5-7 years.
Returns for the asset class as a whole continue to be lackluster. VC returns haven’t significantly outperformed the public market since the late 1990s, and, since 1997, less cash has been returned to investors than has been invested into VC.
A driver of these returns is the decreasing barrier to entry for the industry and the basic mistakes made by many new entrants.
VC is a game of home runs, not averages. Strikeouts are extremely common. 65% of venture deals return less than the capital invested in them. But strikeouts don’t matter. The best performing funds actually have more strikeouts than mediocre funds.
The vast majority of a venture fund’s returns come from a few home run investments. For the best performing funds, less than 20% of their deals generate 90% of the returns.
The shift from offline/brick-and-mortar retail to online eCommerce is a trend that has garnered attention and commentary for much of the last two decades. What was once a niche market focused on selling a few select products and services has ballooned into a nearly $2 trillion industry whose influences dominate the retail industry in more ways than ever before.
Despite the noise, penetration of overall retail sales continues to be in the sub-10% range, particularly outside of the US. Calls for a radical transformation in the retail industry so far have largely not been borne out, and offline retailers have over the last 10-15 years continued to do well. In fact, the list of the world’s largest retailers continues to be dominated by offline retailers, or retailers who were born offline and continue to derive most of their sales from physical retail locations.
However, while evolve-or-die style calls for strategic shifts to eCommerce may have in the past been overblown, recent data and news suggests that this issue is perhaps more pertinent than ever before. A recent article in the New York Times for instance highlighted that “store closures […] are on pace this year to eclipse the number of stores that closed in the depths of the Great Recession of 2008.” Similarly, retailers are going bankrupt at record rates, and “in a little over three months, fourteen chains have announced they will seek court protection […] almost surpassing all of 2016.”