Sung Won Sohn, Ph.D.

·        Convergence No More: America believed that economic prosperity in China would lead to demo racy. That illusion is gone now. China is viewed as an actor interfering in U.S. politics, trading unfairly, seeking global leadership, and competing with the U.S. on every front.

·        Convergence of Mood in America on China: Small business people, farmers, and politicians on the right and left agree that China has an economic, ideological, and military value. The trade war is just a part of the big picture.

· China on America has hardened: The Western powers have humiliated China for generations. America wants to block the rise of China as an ally. China, through the Communist Party and President Xi Jinping, must stand tall and not back down. China is in the “N”w Era”.”·        China has advantages: The economy is growing twice as fast as the U.S. China is ahead in advanced technology, including A.I., Quantum computing, biotech, battery, etc. The government-industrial complex is working overtime toward China 2025.

·        How does the U.S. deal with the China threat?

·        How will your businesses be affected by the confrontation?

·        What should your business do to cope with the changing dynamics?

History shows that with any economic growth, there is an 84 percent probability of a rising stock market. Economic growth would have peaked without the Trump tax cut and government spending. However, rising interest rates, the inverted yield curve, and the trade war with China send ominous signals to the economy and the stock market. How should you manage your business and financial assets in the future in this environment?

U.S.- China Rivalry and You

·        Convergence No More: America believed that economic prosperity in China would lead to demo racy. That illusion is gone now. China is viewed as an evil actor interfering in U.S. politics, trading unfairly, and seeking global leadership, competing with the U.S. on every front.

·        Convergence of Mood in America on China: Small business people, farmers, and politicians on the right and left agree that China has an economic, ideological, and military value. The trade war is just a part of the big picture.

· China on America has hardened: The Western powers have humiliated China for generations. America wants to block the rise of China as an ally. China, through the Communist Party and President Xi Jinping, must stand tall and not back down. China is in the “N”w Era”.”·       

China has advantages: The economy is growing twice as fast as the U.S. China is ahead in advanced technology, including A.I., Quantum computing, biotech, battery, etc. The government-industrial complex is working overtime toward China 2025.

·        How does the U.S. deal with the China threat?

·        How will your businesses be affected by the confrontation?

·        What should your business do to cope with the changing dynamics?

Artificial Intelligence for Dummies

·        Will you miss opportunities and be swept aside, or will you create new markets and disrupt existing ones? Will your jobs be safe from A.I.?

·        Safe and vulnerable jobs in the face of the new megatrend are discussed.

·        This presentation visits China, the leader in A, I, and how it is applied here. The speech briefly explains what A.I. is and how it can be used in your business.

·        Next, examples of how A.I. is used in different industries (retail, banking, Investment, etc.) are discussed.

·        The issue of “W” at Humans Can Do Better” is the final topic.

                                             Blockchain for Dummies

·        What does BlockcBlockchain Why is blockchain buzzing on it?

·        Is BlockcBlockchainr than aBlockchainExcelspreadsheetss hooked together?

·        How does one access the blblockcBlockchain’shat are some advantages and disadvantages of the BlockcBlockchain. What are the blockchains of the businesses that can benefit from blockchain? How is blockchain different from A.I. (artificial intelligence)?

 Fintech Threats to Small-to-Medium-Sized Banks (SMBs Megabanks spend tens of billions of dollars on Fi tech. SMSs cacan’to-pete. During the financial crisis, SMBs were too busy surviving, neglecting investments in technology.

SMBs are losing market share to megabanks and nonbanks. Gen X, Y, and Z are gravitating to mega banks with Fintech capabilities ties. Examples include BofAmerica, JPM’sINN, and Wells Fargo’s REEN OUSE. No wonder large banks have over $2.5 trillion in excess deposits at the Federal Reserve, earning 2.5%, while SMBs struggle to keep their market share.

Digitally oriented customers are shifting their deposits to nonbanks like Ally Bank and Synchron, which offer attractive deposit rates.

Over 10,000 nonbank fintechs want to work with SMBs. Fintechs want to know what banks have, including capital, customers, and rust. However, most SMBs are not yet ready to share their customers with nonbank Fintechs.

What should SMBs do to survive?