Your Weekly Get Up & Go Has Been Updated

     Big crowd at Odd Fellows, basement; breakfast included scrambled eggs, potatoes, bacon, Danish and fruit. President Rose Cholewisnki rang the bell, and we sang “Smile” and “America the Beautiful.”

 

     Your reporter didn’t catch the introductions of guest Rotarians and guests.

 

 

      Meetings next week include International committee and Community Service.

Irena Asmundson reminded folks about International House’s annual Festival,  October 7,  day after the Club’s Oktoberfest. The club’s annual holiday party, December 1, Bicycle Hall of Fame.   Oktoberfest: Dick Berry is looking for donations of wine for the raffle; see Patsy Inouye to order Oktoberfest T shirts, $20.

      Club members rose for a standing ovation as Foundation Chair Larry Greene awarded Paul Harris pens to Manny Carbahal (+4) and Bob Agee (+5).

 

     Sgt. of the day Clay Brandow called for Happy Bucks.  Congratulations to Brian Sway who plans on departing to South Africa for a one year Peace Corps assignment.  Sgt Clay recalled that Brian attended the Aggie/Stanford football game, UCD 44/ Stanford 38.  Don Morrill just returned from a fly-fishing trip to Alaska where he caught 5 different types of fish.   Mack Walker and Duncan Hay survived their Wyoming fly-fishing, packed in “high” on Llamas.  Was it altitude or adult beverages?

Marc Thompson is proud of his two boys; oldest son will be a senior at Davis HS.

President Rose is going to Disneyland with her daughter after doing some Swim American business with the Disney organization. Tom Read is off to the UK. Nathalie Mukome is very happy school is starting.  We have missed Sean Yao for several months, but he has been busy training for the decathlon, he qualified for the US national team, his son also made the national team for his age group.  John Bowes is happy that school is starting and is also happy this HS Football team, he predicted that the Blue Devils would defeat rival Woodland tonight. DH principle Tom McHale is happy that school is starting with an enrollment of 1,800 and 140 staff.

 

     Members with children in high school were asked to stand and pay a fine of $5. 

Members with grammar school aged children were recognized:  Will Portello has daughters in the 7^th and 9^th grade, wife Cammy is teaching 4^th grade.

Michael Hallinan has a daughter in kindergarten; Larry Greene has granddaughters in 2^nd and 4^th grade; Nathalie Mukome has children in 1^st and 4^th grade; Sean Yao has children in 1^st and 5^th grade.

 

      Members who attended the beer making at Yolo Brewery were asked to answer two out of three questions to avoid a fine:

 

No fine assessed with two out of three correct.

Manny Carbahal introduced our guest speaker, Jaana Remes, partner at the McKinsey Global Institute; her expertise is in Economic Development Productivity and Global Growth Projects.  Her presentation is entitled “The Shifting Global Context.”

Manny pointed out that an economist is an expert who will know tomorrow why the things predicted yesterday did not happen today.  Dr. Remes has something in common with a few of our members, she has a PhD from Stanford,  Manny noted that member Jim Smith also a graduate of Stanford University knew Leland Stanford.   Dr. Remes received a MA in Economics & Philosophy from the University of Helsinki.

 

Dr. Remes peppered us with a series of facts and figures demonstrating the rapid growth of our global economy.   Our economy grew six-fold in the past 50 years. Growth since 1950 surpassed the level of previous eras, what can we expect over the next 50 years?

A few remarkable incorrect predictions about innovation:

“I think there is a world market for maybe five computers,” Thomas Watson, IBM.

“Who the hell wants to hear actors talk?”   Harry Warner.

 

Dr. Remes presentation focused on five disruptive forces changing our future:

Per capita GDP rises in parallel with urbanization.  China’s influence on the world economy is demonstrated by the world’s largest shopping day, Singles day 11/11: $6.5 billion in sales.

 

Innovations are reaching scale faster than ever before.  It took radio 38 years to reach 50 million users, television 13 years.  However it took Facebook only 1 year, Twitter 9 months and “WeChat” 4 months.

 

Detroit vs. Silicon Valley.

 

In 1990 GM, Chrysler and Ford had about the same amount of revenues as Google, Facebook and Apple, had in 2013, $250 billion.  However, employees were 1.2 million vs. 134,000 and market capital was $35 billion vs. $1,014 billion.

 

Estimates suggest that 47% of all American jobs (high, middle , and low skill jobs could be replaced by automation.  This could include finance, law, healthcare and education.

 

The biggest commercial end –use for drones is agriculture, second is oil/gas exploration.

 

 

 

By 2040, 1 in 4 people in advanced economies and China will be 65 years or older.Countries already affected by a declining work force include Japan, Germany, Italy and Russia. Millennials have less income than the previous generation, due in part to debt and lack of employment.

 

 

Cross-border data flows are surging and connecting more countries.  Digital platforms enable small and medium sized business to go global on their own.  For example 50 million SMEs use Facebook. 2 million SMEs use Amazon.

 

Questions:

What is the potential for Artificial Intelligence? Dr. Remus agrees there is potential for AI.

Last question, asked about concentration of wealth, Dr. Remus indicated that wealth concentration is “a big challenge.”

 

Draw of the day: Brodie Hamilton won a free breakfast.