Ah, Super Bowl Sunday, a day where people have an excuse to actually watch commercials, eat a ridiculous amount of food, and sit around and drink beer while yelling at the TV. With unparalleled viewership, the stakes (and price tag) for memorable advertising couldn’t be higher. This year, a whopping $5 million dollars was the cost to run a minute long commercial, but it’s all worth it if you’re able to execute a buzz worthy commercial. We count down Super Bowl Sunday’sbrightest commercial moments.
Honda scored a touchdown, featuring sheep singing along to the classic song by Queen, Somebody to Love. Introducing their new truck-bed audio system, Honda executed a simple yet attention grabbing commercial that made you want to sing along too.
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Doritos said goodbye to its “Crash the Super Bowl “contest for their final year, and they did not disappoint. “Ultrasound” had its typical indifferent dad and demanding mom, but left us all hysterically laughing (and cringing) in the final image: featuring a baby in the womb making an early exit for some Doritos.
We all remember the little incident that happened in the Miss Universe Pageant with Steve Harvey announcing the wrong winner right? Well, T-Mobile found a way to include Steve Harvey poking fun at himself that left us all laughing. Glad to see Steve Harvey is able to laugh about it now.
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Of all the animal-themed ads that air during the Super Bowl, this one was the simplest yet most fun, attention grabbing ad of them all. How could you go wrong with a bunch of dachshund dogs dressed in a hot dog suit? It was ridiculous and adorable and strangely appetizing all in one.
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President Uhuru Kenyatta says he will soon respond in detail to revelations that his family has hidden a fortune in excess of $30 million (Sh billion) in overseas tax havens.
The Kenyattas are part of the global elite whose offshore financial dealings have been laid bare in a massive leak of documents to The International Consortium of Investigative Journalists (ICIJ).
Use of secretive trusts and foundations in low-tax jurisdictions is often seen as an effort to hide ill-gotten wealth or avoid paying taxes.
Some clients of the private wealth management firms may, however, only be seeking to protect genuine wealth from political risks in their home country.
“My attention has been drawn to comments surrounding the Pandora Papers. Whilst I will respond comprehensively on my return from my State Visit to the Americas,” Mr Kenyatta said in a statement.
“The Pandora Papers and subsequent follow-up audits will lift that veil of secrecy and darkness for those who cannot explain their assets or wealth.”
The brief statement implies that he will seek to explain the source of funds in the transactions captured in the leak.
The President, his mother, sisters and brother, have for decades used foundations and companies in tax havens, including Panama, to hold assets worth more than $30 million (Sh billion) according to the documents.
The records – from the Panamanian law firm Aleman, Cordero, Galindo & Lee (Alcogal) – show that the family owned at least seven such entities, two registered anonymously in Panama and five in the British Virgin Islands.
One BVI company owned a home in central London, according to the records, and two other companies held investment portfolios worth tens of millions of dollars. The Kenyattas’ offshore wealth, revealed in the ICIJ leaks for the first time, represents a small part of the family fortune that runs into tens of billions of shillings.
A large part of the family’s wealth is held in Kenya in the form of thousands of acres of land, properties and stakes in scores of companies, including Brookside Dairy, NCBA Group, Timsales Holdings, Mediamax Group and Heritage Hotels.
According to ICIJ, the family began to accumulate much of its offshore wealth while Mr Kenyatta was a rising political star.
Two offshore companies were created during a period when Kenya was navigating transition from the regime of President Daniel arap Moi, Mr Kenyatta’s former political patron.
Under Kenyan law, the President must provide a list of financial interests to the Ministry of Finance each year.
Mr Kenyatta’s family did not respond to ICIJ requests for comment, including whether he declared any offshore interests or was required to do so.
The Pandora Papers are a collection of more than million records from 14 law firms and other service providers based in the United Arab Emirates, the Seychelles, Panama, Singapore and other tax havens.
The investigation has revealed assets of 35 current or former world leaders, including the King of Jordan, the Prime Minister of the Czech Republic, and Mr Kenyatta’s fellow African leaders Ali Bongo Ondimba of Gabon and Denis Sassou-Nguesso of the Republic of Congo.
Swiss bank Union Bancaire Privée helped set up the Kenyattas’ offshore investments.
In July , the bank’s lawyer Othmane Naïm asked Panama offshore specialists to help register a new foundation, to be known as the Varies Foundation. The foundation, like a trust, was designed to manage and shelter wealth for its beneficiaries.
“Draft bylaws, also from July , name the foundation’s beneficiaries: Uhuru Kenyatta and his mother. Later, records show, Union Bancaire Privée helped manage a foundation for Uhuru’s brother, Muhoho.
Invoices from Alcogal in Panama to the bank show that the Swiss advisers referred to the Kenyattas with a code: ‘client ’,” say the papers.
As with trusts and foundations offered elsewhere, including Belize (also South Dakota and Nevada), Panama foundations can be designed to allow families to transfer wealth from one generation to another, tax-free.
Typically, an individual, or “founder,” transfers assets, such as a bank account or real estate, to the foundation, which becomes the assets’ legal owner.
Panamanian foundations are prized, like trusts, because those who create them, the true owners of the assets, are not required to register their names with the Panamanian government. That secret remains with their lawyers. Any breach of confidentiality laws carries a jail sentence of up to six months, the same sentence imposed in Panama for certain categories of child abuse.
The Pandora Papers reveal the Kenyattas also secretly owned offshore shell companies.
Muhoho Kenyatta owned three registered in the BVI, according to records: One had a bank account that held an investment portfolio worth $ million (Sh billion) in ; another had unspecified investments at a bank in London.
From to , Mama Ngina Kenyatta and her two daughters held shares in a BVI company, Milrun International Ltd. The sisters used the company to buy a London apartment in the Westminster neighbourhood, according to records.
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With more than two billion people accessing the internet as you are reading this, Information and Communication Technology is visibly surpassing the barriers of poverty and economical setbacks. By , the number of users accessing internet worldwide is projected to reach 3 billion. ICT is on the verge of building the strongest ramp for the third-world countries to leapfrog into the ‘information rich’ zone which has long been a territory of the developed nations of the world. Not overlooking the direction of the wind, it is safe to say that education technology or Edtech, is going to create a radical shift in the way people pursue and perceive education in third world countries by bringing the mechanism of imparting and receiving knowledge on their fingertips.
What comes to your mind when you think of education? Who do you think benefit from it, in general?
Education should not ideally be limited to schools, colleges and universities, it is a broad term which covers every kind of knowledge there is be imparted to those who are willing to learn. The idea of containing education within walls is archaic. If good teaching, elaborate curriculum, and effective assessment are the only crucial elements of proper education, why are the developing nations deprived of it?
You would imagine that the roadblocks would be incompetent infrastructure and a shortage of internet bandwidth, but the major issue has been the scarcity of skilled teachers and trainers in this sector. Educators and researchers in the field of education have realized that the teaching methodologies used in academic institutions have become outdated. With such methodologies, a learner might eventually be able to qualify the examinations to earn a degree, but he will be hardly applying what he has learnt in real life situations.
And even though there is a serious lack of trained teaching professionals and structured teaching modules in the third world countries, the societal stress to do well in studies and professional fields doesn’t seem to die out. In today’s competitive world, to have additional knowledge and enhanced skills makes sense to students and working professionals alike.
Since technology is perceived as a dominant developmental tool, it is consistently used by existing businesses and entrepreneurs in the universal scuffle to target youth-centric objectives in education, lifestyle and health.
Multiple technology companies have taken initiatives to boost the reach of technology by children and young adults in the worlds low-income countries. They have been investing in computers and educational infrastructure for ICT training workshops. Dell’s “Youth Learning” initiative is one successful template of the same. Over EdTech start-ups are currently operating in India with new ones getting launched every year with the idea of transforming education for good.
The problem areas of education in third world nations didn’t really deter the determination of the tenacious entrepreneurs in improving educational penetration through technology. To counter issues like lack of teaching faculty and structured teaching modules in developing nations, innovators in Edtech have made the learning process more visual and practical for the students. Fascinating study modules in Edtech are targeted to engage more and more students in the learning process. Gamification, introduction to puzzles and quizzes in learning applications have made this process even more appealing. Edtech steps into the assessment criteria with virtual test preparation modules and online courses as well.
According to a study conducted by KPMG in India and Google, Edtech market is set to touch billion USD by New concepts like MOOC (Massively Open Online Classes) and learning mobile applications are easily accessible with internet connectivity. These are immensely popular among students and working professionals as well.
Also, in a study conducted by UNICEF on the usage of ICT in Zambia, South Africa, and Vietnam, it was found that about 40% of Vietnamese rural children utilize internet connectivity for educational purposes. Over 60% of Vietnamese urban children are using ICT and Edtech for learning new things.
Over the past decade, with the advent of companies such as Byju’s, Qriyo, Vedantu, Edukart and Simplilearn, venture capitalists have shown a keen interest in the technological malleability of the education sector.
BYJU’s- The Learning App is extremely popular among school students in India. The company was founded by Byju Raveendran in and with more than 10 million app downloads on Google Play Store; it has become one of the leading Edtech companies of the nation. Companies like Simplilearn offer more than professional certification courses online which aid working professionals in adding valuable skills to their profiles.
Education is a key sector for national growth and has been challenging the new age entrepreneurs to innovate fearlessly as governments and private entities in developing countries have backed the use of new technology to cut cost in the process of educating a large population of children and young adults who miss out on their right to receive education.
The education sector in developing countries is slowly overcoming the digital divide with the innovations of Edtech companies. Edtech in developing nations is sure to gain mileage in order to replicate the very nature of imparting and receiving education via the digital medium.
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