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The Dangers Of Automation

Daniel Chase

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Four score and many miles per gallon ago, society took a massive leap forward following the invention of the automobile. Trips that would otherwise take days on horseback or in horse-drawn carriages were reduced to hours thanks to the advent of the internal combustion engine.

In 1905, Henry Ford, and the Ford Motor Company released the first Model T, representing the first American-made automobile, as well as the beginning of Ford’s use of the assembly line. It has been said, by many theorists and data scientists, that humanity goes through a significant shift every hundred years or so, with that gap lessening over time.

Though it may seem foreign to people in modern society, there was a time when “jaywalking” wasn’t a fineable offense, and there was no such thing as “running a red-light.” 

Interestingly enough, the “right of way” law we’ve all come to know and struggle with was invented so that horse-drawn carriages, which were still around at the time, could avoid engine-powered cars.

It was something to do with loud noises scaring the horses, it makes perfect sense. Generations have passed and we have become a people dependent on transportation, in all its iterations. Why spend months trying to make good on your promise to pursue manifest destiny when you can simply grab a seat on a Southwest flight? 

Amidst all the constant movement and commotion, we’ve created a monster of an issue. Streets are overrun with automobiles, motorcycles, buses, and all three demons are contributing to polluting the air.

Avoiding the obvious tirade one could take in terms of environmental degradation, the problem is simply that there are too many cars being piloted by inefficient operators.

According to the National Safety Council, approximately 18,720 people died on U.S. roadways between January and June in 2018. An additional 2.1 million people were estimated to have sustained serious crash-related injuries during the first six months of last year. 

If humans are anything, we smell terrible. Well, if we possess a second quality, it’s that we are inherently problem solvers. In the face of adversity, the great minds of our time have worked their cerebellums off to pioneer autonomous vehicular technology. In laymen’s terms, we’re talking about self-driving cars. 

Though we’ve talked about companies who’ve invested in self-driving technology before, we’re focusing on what the rollout of this tech actually means for our future.

Artificial intelligence posits that technology will one day, if it hasn’t already, be able to make its own decisions based on feedback loops and other data. Tech experts refer to AI as “machine learning,” which is based on humans training computers to duplicate human intelligence and effectively “make decisions” with their own autonomy. 

Artificial intelligence posits that technology will one day, if it hasn’t already, be able to make its own decisions based on feedback loops and other data. Tech experts refer to AI as “machine learning,” which is based on humans training computers to duplicate human intelligence and effectively “make decisions” with their own autonomy. 

Taking this to a mind-altering place for one moment, several writers from TechCrunch suggested that issues related to patent laws could come to hinder the progress of AI-fueled tech. In the article, the authors suggest that because the “self-learning process of AI means that subject matter could be developed by the AI itself,” would that make the AI the inventor of the newfound answers? 

Assuming for the moment that your brain hurts, allow me to explain. If machine-learning scientists accomplish what they’ve set out to do (i.e. create computers that can think for themselves), what’s stopping these sentient bots from making decisions that they think is best. 

Take a self-driving car for example. Let’s say a family of four is driving down a highway in their self-driving vehicle, and they’re traveling at 65 miles per hour. A mile down the way, another vehicle, which is not self-driving is swerving in and out of lanes.

This car will collide with the self-driving car if nothing is done, so it is left to the AI to decide how to handle the situation. Now this could go a number of ways. The AI could decide to protect the family and swerve out of the way, but on the right of the car is a cliff, so this would be dangerous.

The self-driving vehicle could calculate a crash that would cause the least amount of harm and hit the oncoming vehicle, but this could injure the other driver.

Who would be at fault? 

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Editorials

A Formidable Opponent

Daniel Chase

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Though this is purely speculative, I firmly believe that if time travel were possible, and we decided to send a representative from the present to share news of the future with our founding fathers, they might not take the news seriously. I think the fact, alone, that slavery has since been outlawed would send Washington, Adams, and Jefferson into the 18th century equivalent of cardiac arrest.

Having said that, it still amazes me that society allowed for slavery, sexism, spousal abuse, racism, and countless other toxic practices that continued for hundreds of years. I can only imagine how the founding fathers would react to the fact that we have a myriad of different races, cultures, and gender identities represented in our current political system. In a country that previously abused and hanged individuals solely based on the color of their skin, we saw the first African-American president get elected to not one, but two terms in our time. 

If America’s founding was based on any principle that has remained over the years, its that the future of our existence is dependent on our ability to adapt and make changes where they are needed, not just where we feel like making adjustments. I write to you as a cis-gendered, heterosexual white male, and with that comes privileges I never asked for, but nonetheless give me significant advantages over many others in this world. Yesterday, the groundwork was set for history to take a step, once more, in a positive direction. 

Sen. Kamala Harris (D-CA) announced in a television interview that she will run for the Democratic nomination in the 2020 presidential election. The former California Attorney General turned Junior Senator made her plans public on Martin Luther King Day, a holiday that many associates with federal offices being closed, but others know as a day to reflect on a man who was assassinated for advocating for the civil rights of all living people. Harris is not, by typical measures, representative of what many Americans associate with a typical presidential candidate, namely because she isn’t an older white man. It does not matter what side of the aisle you think has the comfy seats, as a society, we are all to blame for the subjugation of people of color, and Harris’ announcement of her planned candidacy is a step in the right direction for fair and equal representation in politics. 

But as much as it pains me to say this, no one should vote for Sen. Harris solely on the basis of her being a female person of color. Believe it or not, you are wasting your vote if you don’t do your homework and understand how candidates feel about different issues, and if elected, what they will do to correct these injustices. 

“On the issue of climate change: Every parent wants to know that their child can drink clean water and breathe clean air. And that same parent wants to know that they’re able to bring home enough money with one job to pay their bills and pay their rent and put food on the table, instead of having to work two or three jobs. Every person wants to know that there will be a criminal justice system that is fair to all people, regardless of their race.”

Sen. Kamala Harris (D-CA)

Perhaps Harris’ most attractive quality as a presidential candidate is that she believes no one American lives their life through the lens of one particular issue. We are a nation of people as complicated as our systemic injustices have catalyzed and then some. There is no catch-all opinion to slap on a platform and run for office, except that every person deserves to live freely and enjoy a healthy life. Harris said that “every person wants that a mother and father should not have to sit down with their teenage son and have the talk, and tell that child about how they will be stopped or arrested, or profiled and potentially shot because of their race.” 

It’s morally repugnant and disgusting that people of color walk American in streets in fear of being persecuted, profiled, arrested, and unfortunately shot. As an informed citizen of this country, though I will be participating in the upcoming election, it matters more to me that a candidate does everything in her power to make every American feel protected under the law, not live in fear of those who enforce it. 

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Editorials

Multi-Trillion Dollar Industry Providing Massive Opportunity in 2019 & Beyond

A. Lawrence

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According to [1] Deloitte, global health care spending is projected to reach $8.7 trillion by 2020. This growing, multi-trillion-dollar industry is evolving to meet the demand of global consumers.

The way people receive health care is evolving. Advancements in telemedicine and artificial intelligence are making way for innovative health care approaches that combine human skill-based expertise with emerging technologies.

Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is a Canadian publicly traded company strategically poised to take advantage of business opportunities in the global health care industry.

THE PROBLEM: The Health Care System is Dated & Broken!

  • Rising Costs: Governments and payors facing increasing costs that are simply unsustainable.
  • Inefficient Use of Resources: 39% of Canadians who visited an ER indicated that they could have avoided the visit if they had better access to primary care.
  • Doctor Supply: A shortage of primary care doctors and nurses, especially in remote and rural communities, leads to clinician burn out and patients frustrated by long wait times. Newly licensed doctors are avoiding primary care because of these dynamics, which increases the pressure on an already stressed system.
  • Accessibility: Approximately 15% of Canadians aged 12 and older don’t have a primary care physician. Nearly two-thirds (59%) of seniors are unable to get a same-or next-day appointment. Almost 7 in 10 Canadians avoid seeing a doctor when they are sick.

THE PREMIER HEALTH SOLUTION:

  • On Your Time: Patients can book appointments & be seen by general practitioners & specialists 24/7.
  • Ease of Access: Patients, Doctors, Nurses & Pharmacists can review your medical chart in real-time, anytime.
  • No Borders: Doctors can be anywhere in the world and still see their patients. Patients can visit any clinic and have their medical charts follow them.
  • At Your Convenience: Prescriptions electronically submitted to the pharmacy of their choice or delivered free to them by a preferred pharmacy partner.

    Latest News:

  • February 14, 2019 – Premier Health (OTC:PHGRF) (CSE:PHGI) Provides Corporate Update


Premier Health’s Future Is Happening Right Now!

HealthVue, a subsidiary of Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) currently has an ecosystem of over 100,000 active patients and plans to rapidly increase that number both domestically and internationally.

Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is rapidly expanding. On 12/10/2018 the company signed a binding Letter of Intent to acquire a Vancouver, British Columbia based pharmacy. Premier Health expects the acquisition to close in or about Q1-19. It’s worth mentioning that this is not just a “startup pharmacy” Premier Health is aiming to buy. For the fiscal year 2017/18, this pharmacy has revenues of approximately $1MM and an adjusted EBITDA of about 30%.

Just the Tip of the Iceberg

On its own, Premier Health currently has 4 medical clinics and 20+ licensed medical professionals. In 2018 the company has reported 36,521 patient visits, 6869 online bookings and 418 of telemedicine visits.

On December 17, 2018, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) announced that it had signed a binding LOI to acquire all the outstanding securities of Cloud Practice Inc. And on January 10, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) signed a definitive agreement to solidify this acquisition!

This Acquisition Comes With:

  • Juno EMR (Electronic Medical Record) Cloud-Based Solution.
  • ClinicAid, a Medical Billing Software.
  • MyHealthAccess, an Online Patient Portal.

Juno’s EMR would give Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) access to a system that is currently used by:

  • 287 Clinics
  • 3,000+ Licensed Practitioners
  • 1,500 Medical Staff
  • 2,870,000 Registered Patients

This Gets So Much Better…

ClinicAid, processes upwards of $30,000,000 in payments to over 3000 health providers on a monthly basis. This new potential acquisition would give Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) immediate access to added cash flow and earnings growth.

The Cannabis Connection

On November 15, 2018, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) announced plans to expand the scope of its practice by launching a Cannabis Clinic for patients.

Dr. Essam Hamza, Chief Executive Officer of Premier Health said, “The role of Cannabis in treating medical conditions is continuously expanding. Our doctors have had success in treating their patients with various ailments from chronic pain to cancer-related symptoms. Unfortunately, there is a gap between the patient’s need for medical marijuana, and the family doctor’s comfort and knowledge to prescribe it. We are looking to fill that gap with various forms of clinics and services to help our patients and healthcare workers”

“Cannabis clinics fit in perfectly with our existing Telemedicine services and comprehensive app plans. The patient will not only be able to see their family doctor with our app but also connect with their Cannabis clinic healthcare worker, the education nurse and eventually even the pharmacy or LP that is providing the prescription. This team-based and encompassing approach will provide the best and most convenient care for our patients.”

The Canadian medical cannabis clinic market is estimated to be worth approximately $2.35 billion by 2025.

According to [2] Dr. Essam Hamza the Company expects to provide additional updates on Cannabis related acquisitions in Q4-18 and Q1-19.

A Man of His Word

On [3] November 26, 2018, Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) provided an update on its expansion into Cannabis Clinics for Patients. The company announced that it had engaged discussions with Licensed Producers under the Access to Cannabis for Medical Purposes Regulation (ACMPR), other licensed medical cannabis companies and government officials in order to establish a framework for both patient and physician education.

Dr. Essam Hamza, CEO of Premier Health said, “With over 110,000 active patients in our clinic ecosystem it is important that we provide them with the best possible information that allows them to make informed decisions about their personal and family’s health.  Providing our family physicians with the appropriate tools and knowledge to prescribe cannabis or with the ability to refer patients to a specialist within our clinics is a key outcome of this initiative.

The 11/26/2018 Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) news release went on to announce that the company is actively recruiting additional physicians for its existing clinics and a cannabis-focused physician that is licensed in Canada.

Follow the Cannabis Market Leaders

The major cannabis companies can forge the road ahead. Companies like Aurora Cannabis are going after pharmacies with its recent acquisition of Farmacias Magistrales in Mexico. In its latest financial report, Aurora Cannabis reported 67,484 active registered patients and this was up from roughly 43,000 during the prior quarter.

Another cannabis industry leader Canopy Growth reported 84,400 registered patients on September 30, 2018.

For What it’s Worth

Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) has an opportunity via its recently announced potential acquisitions, to access a pool that reaches roughly 3 million patients. Comparatively speaking, how do these numbers compare to the current aforementioned “cannabis market leaders”?

The Premier Opportunity

As stated before, according to [1] Deloitte. global health care spending is projected to reach $8.7 trillion by 2020. This growing multi-trillion-dollar industry is evolving to meet the demand of global consumers.

The way people receive health care is evolving. Premier Health Group Inc. (OTC: PHGRF) / (CSE: PHGI) / (6PH.F) is utilizing advancements in telemedicine and artificial intelligence to make way for innovative health care approaches that combine human skill-based expertise with emerging technologies.

Recent News

February 7, 2019 – Premier Health Announces Partnership Strategy for Expansion into Cannabis Clinics

January 29, 2019 – Premier Health (OTC: PHGRF) (CSE: PHGI) Announces Closing of Cloud Practice Inc. Acquisition

January 24, 2019 – Premier Health Announces (OTC: PHGRF) (CSE: PHGI) Binding LOI to Acquire Two Operating Pharmacies in Metro Vancouver

January 17, 2019 – Premier Health (OTC:PHGRF) (CSE: PHGI) Announces Strategic Partnership With China’s 360 Health, a Subsidiary of 360 Security Technology Inc.

Endnotes:
[1]
2018 Global health care outlook: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Life-Sciences-Health-Care/gx-lshc-hc-outlook-2018.pdf

[2] Premier Health Group to Expand Scope of Practice by Launching a Cannabis Clinic for Patients: https://finance.yahoo.com/news/premier-health-group-expand-scope-080500501.html

[3] Premier Health Group Inc. Provides Update on Expansion into Cannabis Clinic for Patients: https://finance.yahoo.com/news/premier-health-group-inc-provides-123000166.html

DISCLAIMER: Pursuant to an agreement between MIDAM VENTURES, LLC and Premier Health Group Inc. we were hired for a period from 10/1/2018 – 4/1/2019 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. We were paid $300,000 (CASH) for & were paid “500,000” shares of restricted common shares (as of 1/2/2019). We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six-month restriction is complete on 4/1/2019 we plan to sell the “500,000” shares of Premier Health Group Inc. that we hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Premier Health Group Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. FULL DISCLAIMER HERE


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Editorials

Is The US Destined For Another Recession?

Daniel Chase

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It’s been nearly a decade since the United States endured its worst recession since the Great Depression. The devil in the details of Depression 2.0 had to do with two phrases that I am almost positive will confuse several of you; subprime mortgages and mortgage-backed securities. A subprime mortgage is a long-term loan issued to an individual who, at one time, may have not been a very trustworthy individual and failed to repay their accumulated debts. These risky borrowers were given loans from major banking institutions to purchase things like cars, houses, and other investments that most people don’t have cash on-hand to procure. Hmm, lending money to people who’ve defaulted on loans before, sure, there’s no way this can turn sour. 

We’re back in 2008, and banks are issuing subprime mortgages left and right, but if these individuals may end up not making good on their monthly payments, how will banks make their nut? Enter “Mortgage Backed Security” ready to do some serious damage. Mortgage-Backed security was created by banks to sell claims to repayment streams from of a group of people’s subprime mortgages. For example, one could purchase one of these securities that had within it several subprime mortgages from those risky individuals we spoke about earlier. Interestingly enough, banks sold mortgage-backed securities to other banks who would then split up the securities into smaller chunks and sell those off to other banks. Soon enough, millions of subprime mortgage borrowers had their loan repayments in the hands of banks across the country. But these banking institutions failed to recognize one crucial detail about all of this; the original borrowers of the subprime mortgages were approved for loans even after they exemplified a history of failing to pay their mortgages. Suffice to say that in 2008, millions of subprime borrowers defaulted on their loans, causing banks to lose all profit gained from mortgage-backed securities, thus resulting in…drum roll, please…a recession! 

Over ten years have gone by since our country underwent an industry-collapsing recession, and, although activity measures like retail sales, industrial production, and employment are at an all-time high, a growing number of economists and financial experts believe we are due for another recession in the next twenty-four months. Market growth has shown significant signs of slowing down over the last few months, with the Dow and several other indices dropping hundreds of points every week or so.  As of Monday, the Dow fell 508 points, or 2.1%, with the S&P 500 following suit, as it dropped 2.1% to its lowest level all year. 

“Traditional signals of a U.S. recession from the shape of a yield curve to a fall in housing investment to corporate bond spreads are suggesting in late 2019, early 2020.”

Constance Hunter, Chief Economist, KPMG

According to several media outlets, all eleven sectors of the S&P 500 have received a decrease in expected earnings growth in the last few months, “led by utilities, materials, and industrials.” 

Before he even took office, President Trump made it clear that he wanted every product, service, and commodity to be manufactured in America and only America. As it relates to the oil industry, this has translated to a rush to pump oil out of shale fields around the country, most notably in West Texas, miraculously leading to record-high levels of production for black gold. Though domestic oil production couldn’t be higher, concerns about oversupply have sent oil prices every which way but loose. 

Clifford Krauss, a contributor to the New York Times, writes that oil is currently resting on an economic sweet spot, given that prices are not so high that consumers and businesses feel pressed for cash, and not so low as to disrupt business for engird companies and oil exporters like Saudi Arabia and Russia. Since President Trump insisted the US focus more domestic crude, oil production has more than doubled in the last ten years, to over 11 million barrels per day. 

The recent drop in oil prices has not only raised concerns for investors in the space,  but for manufacturers and the hundreds of thousands of oil workers that fear for their jobs. According to the New York Times, the last time oil prices slid in 2014, “more than 160,000 oil workers lost their jobs.” Think about it. If oil prices decrease, so too does the profit enjoyed by oil producers because a decrease is cost, coupled with overstock, will result in less demand, and therefore, less of a need for oil workers. 

The current political climate surrounding President Trump has only stoked the fires causing stock market sentiments to be less than positive. Remaining true to form, Trump recently tweeted his criticisms of the US Federal Reserve, calling out the Fed after a year of ill-fated interest hikes. 

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!”

President Donald Trump on Twitter

Another idea to consider is how the public will respond civically in the event of another recession. In other words, will Americans blame President Trump for the economic downturn of their country? According to the Brookings Institute, “whether fairly or not, by the time they are seeking re-election, the public holds sitting presidents responsible for the state of the economy.” 

Although Trump has public tooted his own horn following impressive US employment rates, I wonder if tweets will be enough to secure his reelection in the event of a recession. Of the ten presidential incumbents who have sought re-election since the end of World War II, the only three who lost – Gerald Ford, Jimmy Carter, and George H.W. Bush all failed to secure a second term as they run during periods of sluggish economic growth, according to Time. 

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