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FYI

The Many Gaudy Splendors Of CES

Two of the least admirable cities in the U.S.—Washington, D.C., and Las Vegas— will be a study in contrasts this week.

The Many Gaudy Splendors Of CES

By External Source

Two of the least admirable cities in the U.S.—Washington, D.C., and Las Vegas— will be a study in contrasts this week. The nation’s capital is the epitome of dysfunction, a perversion of democracy where a huckster reigns but struggles to achieve his goals. The country’s capital of vice is a soulless, supersized alternate reality where hucksterism is the coin of the realm. In Washington, meaningless bills wither and die. In Vegas, especially this week, technology companies will offer visions of a bright shiny future, most of which will never find markets with real customers.


Ah, the splendour of CES, the consumer electronics industry trade show that has outgrown its own name. Once primarily a meeting place for gadget makers to pitch merchants their wares for the coming year, now the gaudy event is a meeting place for the who’s who in technology, media, entertainment, and the like. They’re all pushing a plan for the future while nervously looking around to make sure someone else’s future isn’t cleverer, more lucrative, or technologically superior to their own.

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And you have to walk through smoke-filled casinos to get to the hotel elevator.

Other than that, CES is a grand time. The hottest topics aren’t new: self-driving cars, artificial intelligence, 5G cellular networks, to name a few. -- Adam Lashinsky and Aaron Pressman, Fortune Data Sheet

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Business News

Ontario Raises Maximum Penalty for Illegal Ticket Resale to $25,000

Ontario Premier Doug Ford calls the move a "massive win" for fans in Ontario, after imposing a ban on the resale of tickets above face value in April.

The Ontario government is once again cracking down on the ticket resale market.

The Ford government has announced that it will be raising the maximum penalty for reselling tickets above face value from $10,000 to $25,000, more than doubling the fine. The change is meant to discourage businesses and individuals from violating recent legislation in the province that caps ticket resale at face value and will take effect on June 10, just ahead of the FIFA World Cup's arrival in Toronto.

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