In brief from WPAC's note:

• September quarter Wage Price Index below the RBA’s expectation which pointed to a 0.9%qtr rise in both the September and December quarters of 2024
• Wage inflation peaked at 4.3%yr in December 2023 and has been drifting lower through 2024
• Wage Price Index (WPI) rose 0.8% (3.5%yr) ... The RBA is currently forecasting annual wages growth to print 3.4%yr for end 2024 and hold at that rate through to June 2025.

***

The WPI should easily come in under that RBA forecast by end 2024. While some will point to slowing wages as a reason to cut rates the RBA is in no hurry, still war of elevated demand and inflation likely to pop back above the top of the 2 - 3% target band once government cost of living subsidies roll off.

ING remarks after the wages data from Australia earlier:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)
• Australia - "Wage inflation is moderating as expected"

ING says that year-on-year wage growth slowing to 3.5% is a step in the right direction for the Reserve Bank of Australia (RBA) to consider rate cuts.

However, ING notes this deceleration alone isn’t enough for the RBA to rule out any upside risks to interest rates.

Despite the softer data, ING believes a case for a near-term rate cut remains weak, predicting the earliest possible easing from the RBA could come in the first quarter of 2025.

**

I suspect even Q1 is too early. The RBA next meet on December 9 - 10, where on hold is expected.

At 10 am Sydney time on Thursday, November 14, 2024,

• Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
• that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

But, probably not:

• Australia - "Wage inflation is moderating as expected"

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

WASHINGTON, D.C. -- NAB President and CEO Gordon Smith delivered a State of the Industry address today. 

Washington, D.C. -- David Field of Audacy and Bob Pittman of iHeartMedia will discuss how they have transformed their business in response to the pandemic and with an eye to the future during a NAB Show session titled “Transforming Radio in the Audio Renaissance,” Monday, April 25, 2022 at 2:00 p.m. in Las Vegas, Nev.

Washington, D.C. -- NAB Show attendees will navigate a convention floor featuring some of the world’s leading brands and companies, as well as first-time exhibitors and innovation zones showcasing the most cutting-edge advancements changing the broadcast, media and entertainment industries. The 2022 NAB Show will run April 23–27 at the Las Vegas Convention Center (LVCC).

Las Vegas, Nev. -- National Association of Broadcasters (NAB) President and CEO Curtis LeGeyt delivered his inaugural State of the Industry address during the 2022 NAB Show.

Washington, D.C. – Two-time Emmy Award-winning talk show host, journalist, producer and author Tamron Hall has been appointed to the National Association of Broadcasters Leadership Foundation (NABLF), NABLF Board Chair Darrell Brown announced today. In addition, Hall will serve in the newly created position of industry ambassador, working with NABLF on campaigns and fundraising efforts to help shape the future of the Foundation.

Las Vegas, Nev. -- During the Welcome Session at NAB Show 2023 today, NAB President and CEO Curtis LeGeyt spoke with Univision Los Angeles' Gabriela Teissier in a fireside chat about the state of the broadcast industry. LeGeyt discussed a wide range of topics, including:

Washington, D.C. – From content creation to delivery to revenue, artificial intelligence (AI) is reshaping the broadcast, media and entertainment industry. NAB Show is the epicenter for exploring the latest advancements, impacts, opportunities and challenges AI is making throughout the production pipeline. Sessions will delve into tools and efficiencies, disinformation and deep fakes, content security and cyber security issues.

Washington, D.C. – The National Association of Broadcasters (NAB) is hosting its fourth annual NAB Diversity Symposium April 14 – 15 at the 2024 NAB Show in Las Vegas. This year's symposium remains open to all attendees.

Washington, D.C.— From creative collaboration to game-changing AI technology in sports, media and entertainment and sustainability to delivering premium experiences on the smallest to largest screens, thought leaders in the broadcast, media and entertainment industries will lead deep-dive conversations into the future of content, connection and monetization strategies.

Washington, D.C.— With 160 countries represented, NAB Show April 13 - 17 at the Las Vegas Convention Center, is solidly the global destination for all things broadcast, media and entertainment. Dignitaries and delegations from six continents will convene to discover cutting-edge technologies, forge strategic partnerships and shape the future of content creation.

Washington, D.C.— NAB Show brings together a dynamic mix of celebrities, broadcasters, renowned creators and industry leaders to deliver key insights, discuss innovation and chart the course for the future of broadcast, media and entertainment. These thought leaders will converge at the Las Vegas Convention Center April 13 - 17, 2024, (Exhibits April 14 - 17) to share knowledge, collaborate and network with peers.

Washington, D.C.— Produced by the National Association of Broadcasters, the 2024 NAB Show New York, set to take place October 9-10 (Education October 8-10) at the Jacob K. Javits Convention Center, will highlight cutting-edge tools and technologies impacting the broadcast, media and entertainment industry. Attendees will have the opportunity to engage with industry experts and discover the trends driving the future of content creation, distribution and monetization. Key trends and topics including artificial intelligence, the creator economy, live and virtual production, sports media and streaming will take center stage with thought-provoking programming and innovative Exhibitors.

NEW YORK — The 2024 NAB Show New York officially opens its doors at the Jacob K. Javits Convention Center, showcasing some 250 Exhibitors and welcoming attendees to the premier East Coast event for the broadcast, media and entertainment industry. With hundreds of new products on display, 20 new product launches and nearly 50 first-time Exhibitors, this year’s Show promises to deliver the latest innovations in AI, sports media, and content creation.

NEW YORK — The 2024 NAB Show New York concluded, solidifying its place as the must-attend East Coast event for not only broadcast, media and entertainment professionals but for anyone creating content across various industries. With more than 12,000 attendees, some 250 Exhibitors, 50 of which are first-timers, and 20 new product launches, the Show offered a comprehensive look at the latest trends and innovations shaping the industry. Held at the Jacob K. Javits Convention Center, the Show’s Q4 timing provided a pivotal opportunity for professionals to explore end-of-year purchases and prepare strategic decisions for 2025.

Manufacturing

Jim Grisanzio from Oracle Developer Relations talks with Cristina Cifuentes, Ph.D., who is the Director or Oracle Labs Australia. The conversation covers research and development in the labs, working with engineering teams at Oracle to ensure secure products, engaging university students on a FOSS project, and some history from Sun Microsystems as well. Video on YouTube.

Oracle News Connect Article

• Oracle Groundbreakers Podcast: Explore Oracle Labs Australia

Cristina Cifuentes, Ph.D., Founder & Director of Oracle Labs Australia

• https://twitter.com/criscifuentes
  
• https://www.linkedin.com/in/drcristinacifuentes/
• https://labs.oracle.com/pls/apex/f?p=labs:bio:0:21

University of Queensland and Oracle Cyber Security Project

• https://www.eait.uq.edu.au/news/article/uq-and-oracle-team-develop-world-class-cyber-security-experts
• https://github.com/uqcyber

Oracle Labs

• https://labs.oracle.com/pls/apex/labs/r/labs/intro

Jim Grisanzio, Oracle Developer Relations

• https://twitter.com/jimgris
• https://www.linkedin.com/in/jimgris/
• https://developer.oracle.com/team/
• https://oraclegroundbreakers.libsyn.com/

TBILISI, 5 July 2016 – At the close of the OSCE Parliamentary Assembly’s 25th Annual Session in Tbilisi today, members of the Assembly elected Austrian parliamentarian Christine Muttonen as President. Muttonen has previously served as OSCE PA Vice-President and Special Representative for Central and Eastern Asia, and is Deputy Head of the Austrian Delegation to the PA.

Upon being elected, Muttonen said that she would pursue direct talks with governments and other OSCE institutions on advancing avenues for closer co-operation.

“Parliamentarians can play a very important role in securing peace and stability,” she said. “It will be my duty to make sure they have the possibility to do so.”

OSCE PA Vice-Presidents were also elected today: Vilija Aleknaite Abramikiene (Lithuania), Azay Guliyev (Azerbaijan), and Isabel Santos (Portugal) were elected to three-year terms, and Victor Dobre (Romania) was elected to a one-year term.

On Monday, the OSCE PA’s General Committee on Political Affairs and Security elected its leadership. Members of the committee re-elected Roger Wicker (United States) and Margareta Cederfelt (Sweden) Chair and Rapporteur, respectively, and Guglielmo Picchi (Italy) was elected Vice-Chair.

In the General Committee on Economic Affairs, Science, Technology and Environment on Sunday, members elected Nilza Sena (Portugal) Chair and Artur Gerasymov (Ukraine) Vice-Chair. Italian parliamentarian Marietta Tidei was re-elected Rapporteur.

Members of the General Committee on Democracy, Human Rights and Humanitarian Questions on Monday elected Ignacio Sanchez Amor (Spain) Chair and Kyriakos Kyriakou-Hadjiyanni (Cyprus) Rapporteur. Vice-Chair Ivana Dobesova (Czech Republic) was re-elected by acclamation.

In his final address as Assembly President, Finnish parliamentarian and former Chairperson-in-Office of the OSCE Ilkka Kanerva noted that he has led the PA during challenging times.

“In these times, it is important to recall the validity of all ten Helsinki Final Act principles. As President, I have worked to reaffirm these principles, even as they have been put to the test lately. I believe that reviving the spirit of Helsinki requires ensuring that the OSCE Parliamentary Assembly remains an Assembly that is inclusive, open and transparent,” he said.

He also highlighted his special paper distributed at the Tbilisi Annual Session entitled “Our common vision for the OSCE Parliamentary Assembly.”

Kanerva was elected President of the Assembly at the Baku Annual Session in July 2014, and will now serve as President Emeritus of the Assembly.

For the full text of the OSCE PA’s Declaration and resolutions adopted today in Tbilisi, as well as speeches, photos, videos and more, please visit http://www.oscepa.org/meetings/annual-sessions/2016-tbilisi-annual-session. Additional photos are available on the Georgian Parliament’s Flickr pages at https://www.flickr.com/photos/geoparliament  and https://www.flickr.com/photos/oscepatbilisi/.

The OSCE Parliamentary Assembly is comprised of 323 parliamentarians from 57 countries spanning Europe, Central Asia and North America. The Assembly provides a forum for parliamentary diplomacy, monitors elections, and strengthens international co-operation to uphold commitments on political, security, economic, environmental and human rights issues.

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• OSCE parliamentarians in Tbilisi adopt wide-ranging Declaration on human rights, security and the environment
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TBILISI, 5 July 2016 – At the close of the OSCE Parliamentary Assembly’s 25th Annual Session in Tbilisi today, members of the Assembly elected Austrian parliamentarian Christine Muttonen as President. Muttonen has previously served as OSCE PA Vice-President and Special Representative for Central and Eastern Asia, and is Deputy Head of the Austrian Delegation to the PA.

Upon being elected, Muttonen said that she would pursue direct talks with governments and other OSCE institutions on advancing avenues for closer co-operation.

“Parliamentarians can play a very important role in securing peace and stability,” she said. “It will be my duty to make sure they have the possibility to do so.”

OSCE PA Vice-Presidents were also elected today: Vilija Aleknaite Abramikiene (Lithuania), Azay Guliyev (Azerbaijan), and Isabel Santos (Portugal) were elected to three-year terms, and Victor Dobre (Romania) was elected to a one-year term.

On Monday, the OSCE PA’s General Committee on Political Affairs and Security elected its leadership. Members of the committee re-elected Roger Wicker (United States) and Margareta Cederfelt (Sweden) Chair and Rapporteur, respectively, and Guglielmo Picchi (Italy) was elected Vice-Chair.

In the General Committee on Economic Affairs, Science, Technology and Environment on Sunday, members elected Nilza Sena (Portugal) Chair and Artur Gerasymov (Ukraine) Vice-Chair. Italian parliamentarian Marietta Tidei was re-elected Rapporteur.

Members of the General Committee on Democracy, Human Rights and Humanitarian Questions on Monday elected Ignacio Sanchez Amor (Spain) Chair and Kyriakos Kyriakou-Hadjiyanni (Cyprus) Rapporteur. Vice-Chair Ivana Dobesova (Czech Republic) was re-elected by acclamation.

In his final address as Assembly President, Finnish parliamentarian and former Chairperson-in-Office of the OSCE Ilkka Kanerva noted that he has led the PA during challenging times.

“In these times, it is important to recall the validity of all ten Helsinki Final Act principles. As President, I have worked to reaffirm these principles, even as they have been put to the test lately. I believe that reviving the spirit of Helsinki requires ensuring that the OSCE Parliamentary Assembly remains an Assembly that is inclusive, open and transparent,” he said.

He also highlighted his special paper distributed at the Tbilisi Annual Session entitled “Our common vision for the OSCE Parliamentary Assembly.”

Kanerva was elected President of the Assembly at the Baku Annual Session in July 2014, and will now serve as President Emeritus of the Assembly.

For the full text of the OSCE PA’s Declaration and resolutions adopted today in Tbilisi, as well as speeches, photos, videos and more, please visit http://www.oscepa.org/meetings/annual-sessions/2016-tbilisi-annual-session. Additional photos are available on the Georgian Parliament’s Flickr pages at https://www.flickr.com/photos/geoparliament  and https://www.flickr.com/photos/oscepatbilisi/.

The OSCE Parliamentary Assembly is comprised of 323 parliamentarians from 57 countries spanning Europe, Central Asia and North America. The Assembly provides a forum for parliamentary diplomacy, monitors elections, and strengthens international co-operation to uphold commitments on political, security, economic, environmental and human rights issues.

Related Stories

• OSCE parliamentarians in Tbilisi adopt wide-ranging Declaration on human rights, security and the environment
• OSCE parliamentarians consider resolutions on security, economic and environmental concerns and human rights
• OSCE PA human rights committee Chair Ignacio Sanchez Amor follows up on developments in Turkey

In the landscape of technological advancement, the convergence of Artificial Intelligence (AI), cryptocurrency, and 3D printing is forging new frontiers and redefining the way we approach innovation. Individually, each of these technologies has already made significant strides in their respective…

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The Fourth Industrial Revolution, fueled by the internet of things (IoT), is dramatically reshaping the manufacturing landscape. This new era, often referred to as Industry 4.0, integrates advanced digital technologies with traditional manufacturing processes, creating a highly automated and interconnected production environment. From factory floors to our daily lives, sensors are now ubiquitous, connecting disparate systems and driving unprecedented innovation and advancements in productivity, efficiency, and automation.

Our nation’s mobility ecosystem is now in the early innings of a similar transformation. Simply put, the mobility ecosystem can be defined as the critical infrastructure—physical and digital—that touches people’s lives every day. It’s where vehicles get fueled, charged, washed, serviced, and repaired. And it’s where travelers get their necessities.

Modernization of the convenience store

This industry is becoming increasingly complex. And as driver expectations evolve, technology advances and a multi-energy future takes shape, there is an urgent need to digitize, connect, and optimize these operations. One prime example of this need is the modern convenience store.

These stores are becoming go-to destinations and now offer a range of essential services, including fueling, charging, car wash, craveable food, beverages, and other on-the-go staples. A recent survey by Vontier found that American drivers are not only prioritizing convenience and a one-stop-shop experience but are also willing to pay more and even drive a little out of their way to get it. Nearly 60% of respondents indicated they would be happy to pay a markup on convenience store products if it meant making only one stop. This suggests a growing consumer demand for convenience and efficiency that aligns with the broader trends of digital transformation. However, many of these assets and services still operate in silos like they did decades ago, missing out on valuable data and insights that could enhance efficiency and revenue.

Imagine a future where the early morning rush at a bustling convenience store is seamlessly orchestrated. The store owner, feeling confident and prepared, watches as her employees anticipate the familiar routine. An Amazon delivery driver rolls in for his usual fill-up and coffee, while a family on their way to the beach picks up sandwiches to go while charging their electric vehicle (EV). Behind the scenes, linked payment systems can make this a reality, streamlining transactions and providing valuable data insights. By leveraging advanced analytics, businesses—from large convenience store chains like Circle K, 7-Eleven, Wawa, and Sheetz, to the small family-run businesses—can understand driver behavior, tailor offerings for digital-savvy consumers, track asset usage, optimize maintenance, avoid downtime, anticipate trends, improve workflows, and perhaps most importantly, exceed customer expectations and improve customer loyalty.

The commercial fleet market

A similar transformation is happening in the commercial/industrial fleet vehicle market. As the industry looks to modernize and decarbonize, integrating traditionally disparate systems and data can help fleets make better, quicker decisions and improve their key performance metrics. Managing mixed fleets (gas, diesel, natural gas, EV, and hydrogen fuel types) and deciding the right time to transition fleets is a major challenge and requires multiple technologies and capabilities across telematics, route planning, fuel logistics, EV network management, and energy management. An integrated platform can help make recommendations on how to best manage and fuel fleets at the lowest total cost of ownership while helping achieve sustainability and compliance goals. It can also provide valuable visibility, planning, monitoring, reporting, and control across the entire fleet, optimizing operations and reducing costs.

It’s time for the mobility industry to seize this opportunity and pioneer a smarter, more sustainable and connected ecosystem. By leveraging IoT principles, we can digitize and improve operations, unlocking new revenue streams, improving customer experiences, and enhancing productivity, uptime, safety, and sustainability,

Industry 4.0 has paved the way. To achieve Mobility Ecosystem 4.0, we must break down the silos that have traditionally hindered progress. The stakes are nothing short of monumental: increased productivity, efficiency, and a more sustainable future for all. 

Mark Morelli is president and CEO of Vontier. 

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