Category Archives: Technology

Shervin Pishevar Forecasts Dark Days Ahead for US Economy

Co-founder and former managing director of Sherpa Capital, Shervin Pishevar, took to Twitter to express concerns over the recent drop in the stock market and forecasts some dark days ahead for the US economy. Shervin Pishevar is well-known in the Silicon Valley area and from coast-to-coast as a successful venture capitalist, entrepreneur, and super angel investor. He has operated and funded many technology companies, like WebOS and HyperOfffice.

Social media was in an uproar after Shervin Pishevar tweeted 50 points in just 21 hours. Some of the topics he touched on included bonds, bitcoin, immigration, and companies like Virgin Hyperloop One and SpaceX. His main concern is about the future of the monetary system in the United States. In early February 2018, the Dow shed 300 points in only 15 minutes. There was nothing that investors, brokers, and even the president could do about the problem. In one of the tweets, Shervin Pishevar mentioned that the government typically uses bonds to correct the market after a significant drop. However, he warns that quantitive easing should not fool anyone since it has been overused.

Shervin Pishevar believes that things are not going to go the way investors hope for and that a whirlwind is about to hit the US economy. He predicts that the market will drop another 6,000 points. There are several reasons why he feels that this drop is going to happen. One of the things he mentioned is that the era of cheap money is dead. The stock market is crashing, inflation is spreading, and underemployment is hardening into systemic economic stasis.

In one of his tweets, Shervin Pishevar mentioned that he feels that the value of gold is going to rise. But he feels that bitcoin is going to crash and then re-stabilize over the next year or two.

Should his warnings be taken seriously? For one thing, he has made predictions about economics in the past that have proven to be true, particularly about Facebook and the crisis it experienced. Additionally, he was appointed to the J. William Fulbright Foreign Scholarship Board back in 2015. He has many responsibilities and has much experience as an entrepreneur.

Louis Chenevert encourages innovation through creating a competitive environment

Louis R. Chenevert was Chairman and CEO of the United Technologies Corporation. He was elected as CEO in 2008 and Chairman in January 2010. Before joining United Technologies Corporation (UTC), he was the President at Pratt & Whitney for almost 7 years. Louis R. Chenevert had also served as a Production General Manager at General Motors for 14 years before joining Pratt & Whitney.

Louis chairs the Tax and Fiscal Policy Committee for the Business Roundtable and the Yale Cancer Centre Advisory Board. In 2005, the American Institute of Aeronautics and Astronautics instated him as a Fellow.

Louis R. Chenevert has a production management bachelor of commerce degree from the Université de Montréal. With a background, he has earned himself a position, he chairs the HEC Montreal International Advisory Board.

During the time Louis worked at UTC, he believed in leaving the company better than he found it. His main focus was to invest in innovation and people. Using technology to better process supports the economy and manufacturing departments in the United States. For innovation purposes, UTC was planning on hiring 25 thousand people, 5000 among them would be focused on developing innovation platforms. Innovation grows businesses but also suppliers who, in turn, create a better and bigger client base.

UTC is a company that deals with building industries, commercial airspace and defense and is a renowned innovative company around the world. It has investments all over the world and fosters a strong competitive advantage. Louis pushed for a competitive environment in business as it guaranteed growth and an energetic economy through innovation during his time at UTC. Louis R. Chenevert believed that investing in people was investing in the growth of a business, through the innovation they came up with.

UTC encourages its employees to learn more life-long programs. This is encouraged so as to increase the urge and ability for people to be innovative within the company. UTC came up with an Employee Scholar Program which gives employees a chance to earn a degree in a field of their choice. UTC pays for these degrees. This is a great employee motivation program within the company, as employees are constantly looking into advancing themselves as they expand their innovative skills. UTC has paid for over 39 thousand degrees and they acknowledge, that the 1 billion dollars spent on the degrees, is the best investment they have ever made as a company.