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#Lew Schulman
lewschulman2-blog · 6 years
Link
Website: https://www.f6s.com/lewschulman
Address: 1700 Pennsylvania Ave. NW, Washington, DC 20036 Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
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lewschulman-blog · 6 years
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Lew Schulman
Website : https://www.multifamilyexecutive.com/person/lew-schulman
Address : 1700 Pennsylvania Ave. NW, Washington, DC 20036
Phone  : 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes
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lewschulman3-blog · 5 years
Link
Address: 1700 Pennsylvania Ave. NW Washington, DC 20036 Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
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whitneymuseum · 7 years
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Streaming LIVE on Facebook this Sunday at 7:30 pm: Join us for “Perspectives on Race and Representation: An Evening with the Racial Imaginary Institute.” Taking the debate around Dana Schutz’s painting, Open Casket, as a starting point, the program will look at questions about the ethics of representation and the responsibilities of artists and museums. The Whitney is partnering with Claudia Rankine and the Racial Imaginary Institute to convene this conversation with artists, scholars, and critics to gain their insights into these issues in relation to the 2017 Biennial and our contemporary moment.
There will be contributions from Elizabeth Alexander, Christopher Benson, LeRonn P. Brooks, Ken Chen, Malik Gaines, Lyle Ashton Harris, Terrance Hayes, Ajay Kurian, Christopher Y. Lew, Casey Llewellyn, Mia Locks, Claudia Rankine, Sarah Schulman, Christina Sharpe, and Herb Tam, among others. 
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lewschulman1-blog · 5 years
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Lew Schulman
Website: http://mffhousing.com/mffblog/tag/ibuild/
Address: 1700 Pennsylvania Ave. NW, Washington, DC 20036
Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
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Link
Address: 1700 Pennsylvania Ave. NW, Washington, DC 20036 Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman with iBUILD invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
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lewschulmandc-blog · 5 years
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chiseler · 6 years
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ZOOT SUIT KILLERS
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Joseph Annunziata,
On November 20 1942, a Brooklyn jury returned guilty verdicts on a pair of Williamsburg teens, 16-year-old Neil Simonelli and 18-year-old Joseph Annunziata, for the murder of Irwin Goodman, their math teacher at William J. Gaynor High School. The two of them had never much liked Goodman, a 36-year-old father of two. When he reported them to the principal for smoking in the boys' room, they walked eight blocks to Simonelli's home, where they picked up a pistol, then back to the school. They confronted Goodman and got into a scuffle with him. The gun, which Annunziata was holding, went off, perhaps accidentally, fatally shooting Goodman through the back. Because the jury entertained a doubt that the shooting was premeditated, they convicted the boys of murder in the second degree. The pair went off to Sing Sing together to begin sentences of 20 years to life. Had the verdict been first-degree murder, they could have been the youngest New Yorkers ever executed. 
The city's newspapers, from the New York Times to the Brooklyn Eagle, provided extensive coverage of the case, and there was commentary in national magazines like Time. What fascinated them all, beyond the crime itself, was the boys' lifestyle and attire: uniformly, the press described Simonelli and Annunciate as "jitterbugs," "Zoot Suit Youths" and "Zoot Suit Killers."
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 Neil Simonelli
Whether or not anyone in the press had actually seen Simonelli and Annunziata wearing zoot suits was a moot point. By 1942, "zoot suit" was a metonym for "juvenile delinquent." What the black leather jacket and the hoodie were to later generations, the zoot suit was to the war years. 
When the zoot suit first appeared it was mostly associated with black youths and the jitterbug in neighborhoods like Harlem. It consisted of an outrageously outsized jacket, with superwide padded shoulders, that hung down to the knees and the fingertips. The pants were exaggerated as well, ballooning and deeply pleated, then pegged tight at the ankles. A broad-brimmed or porkpie hat, pointed or platform shoes, a long watch chain, and a variety of tie styles completed the ensemble. 
At first it was seen as a rather comical and harmless style, just another example of young people going to silly sartorial extremes. It began to look more sinister amid increasing worries about what life in wartime was doing to America's families and children. 
The Depression and Dust Bowl 1930s had already wreaked havoc on the American family, turning millions into homeless migrants, splitting off husbands who went on the bum seeking any work they could find, forcing some mothers and daughters into prostitution, and enticing some young men into lives of crime and gangsterism. The war brought new dislocations and disorder. Some 15 million Americans were uprooted again, trekking across the country seeking defense work. Many moved more than once during the war, and few returned to their point of origin after it. 
From 1940 well into 1943, the Selective Service exempted fathers with dependent children. But with the military's ever-expanding need for manpower, fathers eventually began to be drafted. The government started sending monthly checks to servicemen's families in 1942, but in expensive cities like New York it often wasn't enough to run a household. By 1944, more than a million servicemen's wives had taken jobs. 
Kids were working too. In the Depression years, new legislation against child labor had been enacted, largely to prevent kids from taking scarce jobs away from adult males. Now, as labor shortages grew more severe, many states and localities rolled back those restrictions. As a result, by 1944 high school enrollment had fallen 25%, while the employment of youths 14 to 18 had more than doubled. An estimated 2 million high schoolers had dropped out to take jobs, and many planned not to go back to school. 
The impact of all this on kids' lives could be profound. They might lose their father for the duration, or forever. They might follow their parents from one defense job to another, always the new kids in the neighborhood and at school. If they stayed in school, whether dad was gone and mom worked or both parents worked, kids now found themselves with lots of free, unsupervised time. If they dropped out and took jobs, they had cash in their pockets to spend any way they wanted. 
And they were growing up in wartime. Teenage boys too young to be sent to fight knew that in a year or two or three they might well be. In the meantime they wanted to look and feel as manly as their fathers and older brothers in uniform. According to law enforcement, teenage gang activity and street fighting escalated, and the violence grew more serious; where teen gangs had formerly used fists and clubs, they now wielded zip guns and flick-knives, sometimes inflicting deadly harm. Teenage girls as well as boys took to drinking, smoking, and sexual pickups, in full eat-drink-and-be-merry mode. Adults labeled it "war degeneracy." It's no coincidence that the terms "youth culture" and "teenager" (or "teen-ager") were also coined in this period. They were something new, a generation of latchkey kids, army brats, war orphans.
The story of Simonelli and Annunziata neatly encapsulated what was seen as a broader trend. Youth crime figures in the first full year of the war were so disturbing, J. Edgar Hoover said, that a "counter-offensive" was necessary to prevent "a breakdown on our home front." He told a graduating class at the FBI Academy, "Something has happened to our moral fibers when the nation's youths under voting age accounted for 15 per cent of all murders, 35 per cent of all robberies, 58 per cent of all car thefts and 50 per cent of all burglaries." Later studies showed that nationwide juvenile delinquency arrests rose 72 per cent during the war. In Brooklyn, it was 100 per cent. 
By 1942, the year of Simonelli and Annunziata, the zoot was identified as much with this behavior as with lindy-hopping and jitterbugging. That year, the War Production Board actually declared the zoot suit unpatriotic, because it was a waste of material in a time of rationing. The wide, pleated skirts girls wore for jitterbugging (and showing off their underwear) were denounced on the same grounds.
In 1943, one in five arrests was of someone under 18. But that year offered clear evidence that at least some of those arrests were the result of harassment and bias as much as bad behavior. That June, white sailors and soldiers in Los Angeles went on a rampage, attacking Mexican American teens all over the city. The "pachucos" fought back, and a week of rioting followed. The national press, against all evidence that the white servicemen had instigated a race riot, chose to call it a "zoot suit riot." 
A new raft of stories followed, as journalists competed to define what the zoot was, what it meant, who wore it, and who invented it. Claimants to the latter ranged from a busboy in Atlanta to tailors in Memphis, Chicago, and L.A. The New Yorker, not surprisingly, decided that it started in Gotham. "With some friendly cooperation from the editors of the Amsterdam News, an uptown newspaper published by and for colored people, we got in touch with Lew Eisenstein, proprietor of Lew's Pants Store, on 125th Street," a "Talk of the Town" piece called "Zoot Lore" explained that June. Supposedly Lew's wife first pegged some loose pants in 1934, and the rest of the zoot suit followed in due course. Lew took credit for adding the long watch chain. Their claims were, of course, disputed by others. 
The zoot suit would live on past the war, mostly worn by black and Hispanic men, though the influence of its wide shoulders and voluminous pants could be discerned in all men's suits in the early 1950s. Concerns about juvenile delinquency also continued after the war, rising to a level of national panic in the 1950s.
The story of the zoot suit killers lived on in its own way. In 1947, Irving Shulman's pulp novel The Amboy Dukes, set in wartime Brooklyn, was a shock sensation, selling five million copies even as it was banned in some locales for its sex and violence. Schulman, who was from Brooklyn himself and spent the war years writing for the War Department in Washington, clearly used Simonelli and Annunziata as the models for his lead characters Frank Goldfarb and Benny Semmel. They're a pair of juvenile delinquents in Jewish Brownsville, products of its "ugly gray and red tenements, tombstones of disease, unrest and smoldering violence… It was as if nothing bright would ever shine on Amboy Street." While their parents do defense work, Frank and Benny hook school almost constantly to hang out with their gang, the Amboy Dukes. They make money selling counterfeit gas ration coupons on the black market, and spend it on liquor, marijuana, zip guns and whores. They too accidentally shoot and kill a teacher in a scuffle, and come to a worse end for it than their real-life models.
Lurid yet relentlessly downbeat, The Amboy Dukes both looked back to the worst of wartime New York and ahead to 1950s juvenile delinquent tales like Blackboard Jungle and Shulman's own Rebel Without a Cause. (He would also write a novelization of West Side Story.) After the scandal kicked up by its first appearance, later editions dialed back the sex and violence and, interestingly, deracinated the two anti-heroes by giving them less Jewish-sounding surnames. In 1949 it was adapted for the film City Across the River. 
by John Strausbaugh
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abujaihs-blog · 5 years
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13th Abuja International Housing Show Will Host Real Estate, Bank CEOs, Others
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The 13th edition of the prestigious Abuja International Housing Show will play host to a strong delegation of Real Estate Executives and Investors, Bank CEOs and ranking stakeholders in the housing and construction industry from across the world. According to the event's convener and coordinator, Bar. Festus Adebayo, this year’s edition will also lead a showcase of cutting edge industry innovations as stakeholders gather for the largest housing show on the continent. While granting interview to Nigeria's premier Housing Development TV program, the show's coordinator revealed that registration have commenced and all hands are on deck to deliver the best show ever, especially in a time when new ideas are needed to expand Nigeria's economic foray. The 13th Abuja International Housing Show is expected to hold from July 23th – 26th 2019 at the International Conference Centre, Abuja. According to Bar Adebayo, the theme of this year's edition is, "Driving sustainable Housing Finance Models In The Midst of Global Uncertainty" — a testament to how it continues to be an invaluable experience for building professionals in Nigeria and across the globe.
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As always, speakers will be drawn from across the world and with adequate experience and knowledge to share valuable information on the subject matters, with the ultimate goal of pushing forward a unified and progressive housing and construction industry. Adebayo listed some of the unique innovations to include introduction of CEOs Forum, women in housing sector initiative, international real estate investment forum and the segment for youth in real estate development. According to him, “CEOs forum is unique in the sense that the leaders in the real estate, banking, building materials and technology will be meeting to address the issue of affordable housing finance holistically.” “ The show will also feature youth in real estate development. Young people are coming into the industry with a lot of great ideas, and they need the right mentorship and guidance in order to achieve maximum results. Also, the show will present opportunities for those seeking entrance into the industry. Opportunities like this are rare to come by and I am sure they can't afford to miss out," he added. With more reference to opportunities, participants at the show will have access and first hand information on the best mortgage and finance schemes available and also how to start as a small real estate investor. As befitting of the show, this year's edition will be declared open by the Vice President of Nigeria, Prof Yemi Osinbajo. Other top attendants will include Lew Schulman, Chief Executive Officer, Build Modal Inc, USA; Debra Erb, Managing Director of Housing Program for Overseas Private Investment Corporation; Ahmed Dangiwa, MD of Federal Mortgage Bank of Nigeria; Agnes Tokumbo Martins, Director CBN; Femi Adewole, MD Family Homes Fund; Kehinde Ogundimu, MD Nigeria Mortgage Refinance Company PLC; Ugochukwu Chime, REDAN President; Robert Hornsby, CEO, American Homebuilders of West Africa; Olivia Caldwell; Kecia Rust; Mounia Tagwa; Afolabi Imokuode; Ime okon;Deji alli of Mixta Africa,Ifeoma okoye ,saadiya aliyu: Hakeem Ogunniran and other international experts.
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  Ghana’s Minister of Women Affairs, Hon. Freda Prempeh, who has been nominated for a Performance Award, will also deliver an address as a guest of honour and will lead a host of Ghanian Parlimentarians. The Guest Speakers for the housing finance section of the 13th Abuja Housing Show are drawn from the World Bank, African Union of Housing Finance, Central Bank of Nigeria,institute of affordable housing,USA,America Home Builders of West Africa,Family Homes Funds,presidency, Shelter Afrique Kenya, Federal Mortgage Bank of Nigeria, Nigeria Mortgage Refinance Company, UN Habitat, OPIC Investment USA, Umar Shuaibu Coordinator of Abuja Metropolitan Management Council, among others. This year's edition according to the coordinator will feature over 30 Speakers and 350 exhibitors from not less than 20 Countries. By Felix Ojonugbwa Read the full article
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josephianni · 7 years
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Upon Listening In On Perspectives on Race and Representation
I improvisationally composed this piece whilst listening to a live feed from the Whitney Museum of American Art concerning Perspectives on Race and Representation streaming from their Facebook page. The talk included many well established artists including Elizabeth Alexander, Christopher Benson, LeRonn P. Brooks, Ken Chen, Malik Gaines, Lyle Ashton Harris, Terrance Hayes, Ajay Kurian, Christopher Y. Lew, Casey Llewellyn, Mia Locks, Claudia Rankine, Sarah Schulman, Christina Sharpe, and Herb Tam. 
Much of the talk revolves around Dana Schutz’s painting, Open Casket, it is, to quote their Facebook, “a starting point, tonight’s program looks at questions about the ethics of representation and the responsibilities of artists and museums. The Whitney is partnering with Claudia Rankine and the Racial Imaginary Institute to convene this conversation with artists, scholars, and critics to gain their insights into these issues in relation to the 2017 Biennial and our contemporary moment.”
This piece is largely unedited. It for me functions as archive in order for me to return to it and meditate upon at some later time. It also represents a listening and reacting to the experience of a mediated reflection upon the events in real time. In all honesty this piece of writing is a series of questions and definitions trying to transcribe, in some medium, what acts such as these are engaging in. It is my reacting and consequential producing. It is a product and a reaction.  For context, a Facebook friend shared the live stream and because I had sufficient free time I began to listen in about half way through just as Claudia Rankine was finishing her portion. First, I began taking notes as if in a lecture and then realized I was doing something else altogether.  --- Who is authorized to destroy?
What laws are of humans and not also upon them?
Does the destruction of property frighten us because of its connection to the body
Nothing is property without propriety, right?
propriety
noun
the state or quality of conforming to conventionally accepted standards of behavior or morals
Apropos - being both relevant and opportune
If the A- hear is negational then is what does that make propos, irrelevant and inopportune?
Propos - French for about
prop -
noun
a pole or beam used as a support or to keep something in position, typically one that is not an integral part of the thing supported.
verb
position something underneath (someone or something) for support.
noun
a portable object other than furniture or costumes used on the set of a play or movie.
mid 19th century: abbreviation of property.
abbreviation
proposition
proprietor
pro,
professional or
you positive?
Let us not confuse David with Goliath! The prophet extolls this! Why?
What profit does the prophet make from this ex
                    -tolling?
ex- prefix
from Latin meaning ‘out of’
What was the original toll?
What has come out of toll?
What is the toll of the body?
What is the toll on the body?
How much does the casket cost?
What is the use of an Open Casket when we will bury or burn the damned thing anyways?
What is the Damned Thing?
The body, the body, inside the casket is the body, are we trying to avoid the body by putting it in a casket?
Can the body be painted?
Can the body be put away in a painting?
I’ve heard of a painting embodying but what of a body empainting?
em-
noun
a unit for measuring the width of printed matter, equal to the height of the type size being used.
late 18th century: the letter M represented as a word, since it is approximately this width.
pronoun
short for them, especially in informal use.
Middle English: originally a form of hem, dative and accusative third person plural pronoun in Middle English; now regarded as an abbreviation of them.
prefix
variant spelling of en-
abbreviation
electromagnetic.
Engineer of Mines.
enlisted man (men).
ing-
denoting a verbal action relating to an occupation, skill, etc. "banking"
denoting something involved in an action or process but with no corresponding verb. "scaffolding"
-ing
forming present participles used as adjectives. "charming"
-ing
a thing belonging to or having the quality of.
What is the body?
We put the body in the Earth, does the earth own the body?
When the government taxes us for land use do they own the body?
If they own the body, should they take responsibility for it?
What is the dead body?
What can the dead body do?
If the owner can be said to be responsible for the body, the body must be troubling something, causing some issue for another body?
Is that other body living?
Wait, is the body a zombie or some other undead?
un- prefix
Old English, of Germanic origin; from an Indo-European root shared by Latin in- and Greek a-
in-
adjective
(of a person) present at one’s home or office
fashionable
(of the ball in tennis or similar games) landing within the designated playing area
adverb
expressing movement with the result that someone or something becomes enclosed or surrounded by something else
expressing the situation of being enclosed or surrounded by something
expressing arrival at a destination
(of the tide) rising or at its highest level
(of an infielder or outfielder) playing closer to home plate than usual                                                                                    (of a pitch)
Old English in (preposition), inn, inne (adverb), of Germanic origin; related to Dutch and German in (preposition), German ein (adverb), from an Indo-European root shared by Latin in and Greek en.
a- prefix
What is a prefix?
What if I take the word apart?
What if I take the word a-
part?
What if I take the word, a part?
Is this an autopsy of the word?
Do I upturn all the quiet graves disturb the bodies or the Earth when I define, or search into the etymology?
Is the word a body?
Is the body propos or apropos in this sentence?
Whose opportunity is the body?
Is life a sentence?
sent - english
verb
simple past tense and past participle of send
sent - french
a smell, a stink, something foul-smelling
a feeling,
a touching,
a groping
en - within; inside from Greek
expressing a conversion into a specified state or location
ce - this
Am I trying to make this a poem?
Is this a poem?
I don’t want to lie when I say I don’t know, but I wonder how?
If I want to ask the question, will it come out as just a statement?
How am I responsible to other human beings in anything I make?
Is that question complicated enough?
How do we not know?
Am I yelling?
Am I yelling?
Am I yelling?
What is right now?
What is now?
What now?
now
adverb
at the present time or moment
used, especially in conversation, to draw attention to a particular statement or point in a narrative.
conjunction
as a consequence of the fact
adjective
fashionable; up to date 
---
I’ve also added the video of the talk if anyone might be interested in listening to it themselves. Thank you.
https://www.facebook.com/whitneymuseum/videos/10154262121821433/
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lewschulman5-blog · 6 years
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Lew Schulman iBUILD
Website : https://sketchfab.com/lewschulman2
ADDRESS : 3401 Quorum Drive, Fort Worth, TX 76137
Phone : +1 (800) 622-6433
If you are in need of fire restoration for your commercial or corporate building, Interstate Restoration is ready to help. Our team is available 24/7 in case of emergencies and can work with both commercial and corporate facilities. Interstate is different from other companies because we come in immediately to assess and mitigate damage from the fire and smoke, but we also deal with the reconstruction side of things as well. Fire restoration would normally require the use of several companies, but Interstate Restoration will provide a full repair of the damage. This is a guarantee that other individual companies cannot promise you. The Interstate process of fire restoration includes safety, containment, preservation, decontamination, restoration and repair, and recommisioning.  You can trust our company to help after the devastation from a fire.
Facebook : https://www.facebook.com/InterstateRest/
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softrobotcritics · 4 years
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Soft Robotics and Artificial Intelligence
*Obviously rather a lot of thought has been going into this.
https://www.researchgate.net/publication/329243898_Deep_Reinforcement_Learning_for_Soft_Robotic_Applications_Brief_Overview_with_Impending_Challenges
Deep Reinforcement Learning for Soft Robotic Applications: Brief Overview with Impending Challenges
by Sarthak Bhagat
Abstract
The increasing trend of studying the innate softness of robotic structures and amalgamating it with the benefits of the extensive developments in the field of embodied intelligence has led to sprouting of a relatively new yet extremely rewarding sphere of technology. The fusion of current deep reinforcement algorithms with physical advantages of a soft bio-inspired structure certainly directs us to a fruitful prospect of designing completely self-sufficient agents that are capable of learning from observations collected from their environment to achieve a task they have been assigned. For soft robotics structure possessing countless degrees of freedom, it is often not easy (something not even possible) to formulate mathematical constraints necessary for training a deep reinforcement learning (DRL) agent for the task in hand, hence, we resolve to imitation learning techniques due to ease of manually performing such tasks like manipulation that could be comfortably mimicked by our agent. Deploying current imitation learning algorithms on soft robotic systems have been observed to provide satisfactory results but there are still challenges in doing so. This review article thus posits an overview of various such algorithms along with instances of them being applied to real world scenarios and yielding state-of-the-art results followed by brief descriptions on various pristine branches of DRL research that may be centers of future research in this field of interest.
(...)
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⃝c 2019 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license 
(http://creativecommons.org/licenses/by/4.0/).
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lewschulman8-blog · 5 years
Text
Construction
Website: https://www.archilovers.com/lew-schulman-ibuild/
Address: 1700 Pennsylvania Ave. NW, Washington, DC 20036
Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman with iBUILD invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
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princetontv · 6 years
Video
vimeo
Focus On, 14.18 from Princeton Community Television on Vimeo.
Dan Schulman, PayPal CEO
Lew Goldstein interviews PayPal CEO Dan Schulman. Schulman a former Princeton High School graduate, discusses his vision of PayPal, how companies have a moral obligation to try and be a force for good, the need to support local businesses and the importance of social activism throughout his life in an exclusive interview.
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businessweekme · 6 years
Text
Can America Build a Luxury Powerhouse to Rival Europe’s LVMH?
The new 700,000-square-foot headquarters of Coach is a state-of-the-art campus in one of New York’s newest skyscrapers. Showrooms along a 15-story atrium look out over tourists walking the High Line, the elevated railroad track-turned-park, and terraces on the 23rd floor poke out from a dine-in cafe that offers sushi and sandwiches. There’s even a special chicken wing bar for staffers who don’t want the usual lunch fare.
A lot of work remains to be done, though. The building occupies the southeast corner of the city’s new $20 billion Hudson Yards complex, and cranes have loomed around the 52-story glass tower since the brand moved in two years ago. Even now, the buzz of jackhammers and welding machines greet Coach’s 1,200 or so  employees each morning as they enter their pristine new office.
Inside, a similarly radical restructuring is underway. Sales at Coach are just starting to recover after a disastrous three-year stretch from 2012 to 2015, when the label shed $928 million, or more than 18 percent, of its annual revenue. During that time, shares plummeted more than 62 percent, from an all-time high of $77.28 to $28.93.
To restore the fading fashion house, the plan is to turn it into America’s answer to European luxury conglomerates such as Kering and LVMH, which run wide-ranging portfolios of brands. LVMH, the world’s largest luxury company at nearly $50 billion in annual revenue, owns everything from Louis Vuitton clothing and Veuve Cliquot Champagne to Guerlain perfumes, TAG Heuer watches, and Sephora cosmetics.
The man steering this strategy, perched in a corner office high above the Hudson River, is taking a page out of his former boss’s playbook. Victor Luis, a 52-year-old executive, ran two divisions at LVMH before joining Coach: fashion label Givenchy in Japan and Baccarat crystal glassware in the U.S. An immigrant from São Miguel, a little Portuguese island in the Atlantic, he has a master’s degree in international economics and, from the looks of it, a Ph.D. in swagger.
Since his promotion to the top job in January 2014, Luis has announced two acquisitions: a $574 million deal for women’s shoemaker Stuart Weitzman and, last July, $2.4 billion for Kate Spade, one of the brand’s nemeses. He announced layoffs, culled about a third of his domestic store fleet, and hired replacements for several high-level executives, including former brand chiefs Craig Leavitt and Wendy Kahn. He eliminated the Jack Spade menswear business. He has also severely cut down on promotional activity, such as flash sales and discounted merchandise, purposely hurting sales in the hope that it would wean customers off lower-priced fare.
Perhaps the most controversial announcement, at least for the millions of shoppers who buy Coach’s bags and wallets, occurred last fall, when Luis gave the 77-year-old fashion house a new corporate name: Tapestry Inc. The move signals that Luis is looking to reposition the company as an American LVMH, one that has evolved beyond “core fashion.”
This year’s performance has been much better, with the stock up about 18 percent this year to $52.03 through Tuesday’s close. Coach, Tapestry’s biggest business at more than $4 billion, is coming off a strong 12-month run, with same-store sales, a key metric for the retail industry, turning positive over the holiday season last year. “The biggest question mark for us—and for me—was how much time do these things take?” Luis says. “Anxiousness? Short-term concern? Absolutely.”
A Brief History of American Luxury 
It wasn’t always like this. Coach was known as an originator of what’s called “affordable luxury.” The company began in 1941 as a leather goods workshop in New York that sold only men’s goods: bags, wallets, flask-holders. It didn’t sell women’s handbags until Lillian and Miles Cahn bought the factory 20 years later. Some of the label’s oldest pieces are still stored in its archive, deep in the labyrinth of its headquarters. They’re relics that designers now use to jog their creativity.
Many of those bags were designed by Bonnie Cashin, who was hired in 1962 and is considered a pioneer of women’s sportswear. In her 12 years there, she transformed Coach from leather shop to fashion house. Her shoulder bags with interchangeable straps, bucket bags and clutches became mainstays, and her signature brass turn lock, which was inspired by the toggles on the roof of her convertible, is still used on many of the brand’s styles today.
In 1985, the Cahns sold the company to the Sara Lee Corp., a now-defunct consumer goods conglomerate, and Coach expanded quickly. It hit $100 million in sales by 1989 and made longtime executive Lew Frankfort its president. Appointed CEO in 1995, he spent the next 19 years turning Coach into a multibillion-dollar global luxury powerhouse. Head designer Reed Krakoff became a fashion superstar, thanks to runway-worthy leather goods that could also be sold to the masses—at much lower prices than European peers could offer. When Sara Lee spun off its leather goods business in 2000, Coach had just surpassed the half-billion mark in annual revenue.
Krakoff’s most lasting contribution came in 2001, when the label released a line of bags covered in interlocking Cs, a design that coincided with the very beginning of fashion’s logo craze: Abercrombie & Fitch had its logo tees, Gap had its logo sweatshirts, and Coach had its logo bags. The print was applied to premium leather satchels, as well as to its cheap nylon tote bags. In a little over a decade, Coach would grow into one of the world’s largest handbag labels, peaking at nearly $5.1 billion.
Frankfort and Krakoff left Coach in 2014. The company said that the CEO’s departure was part of a long-term succession plan and that it didn’t require an interim chief for the transition. Frankfort took a role as an executive-in-residence at private-equity firm Sycamore Partners. Krakoff, too, left before Coach had found a replacement. (He is now the creative head of U.S. jeweler Tiffany & Co.)
Luis spent eight years under their leadership and watched the empire they built come crashing, in a very literal sense. Coach’s old industrial building, at 516 West 34th St, has since been taken down. One executive kept a brick as a souvenir.
Six months after Luis became CEO, executives held an investor day to reveal their turnaround plans. It would get worse before it gets better, they said. A 2014 company-wide memo asked not to panic, even though sales would be down more than 20 percent for the quarter. “That’s not a pretty number,” says Luis. “Even if you know it’s coming, it never feels good.”
In Search of “Elevation”
On the bottom floor of Tapestry’s new headquarters, seamstresses and leatherworkers sit at sewing machines, churning out sample clutches and hobo bags among spools of bonded leather and rubber fleece. Upstairs, a squad of designers sketch at high desks, surrounded by sheets of fabric. Pin-up boards line the merchandising floor, a vast menu of styles for a brand that sells thousands of different products.
On the 19th floor is the glossy C-suite. Senior management has experienced near-total turnover under Luis, and new faces now run the company’s global supply chain, finance, international business development, and technology. All three of Tapestry’s labels have new top executives, each recruited from outside the company. Kate Spade is run by fashion veteran Anna Bakst, who came over from Michael Kors in late March. In April, Stuart Weitzman announced that its new boss was Eraldo Poletto, the former head of Italian fashion house Salvatore Ferragamo.
Coach CEO Joshua Schulman, who joined from Neiman Marcus Group last June, is the company’s longest-tenured brand chief. The former president of posh department store Bergdorf Goodman speaks conceptually about Coach’s “brand DNA” (a label’s most distinctive attributes), the impact of “omnichannel commerce” (selling seamlessly both online and in stores), and where each new handbag line fits into his theoretical product “pyramid” (higher margin items with a smaller market at the top; lower ones with a bigger market at the bottom).
Coach has begun to diversify its offerings beyond handbags. It started selling ready-to-wear apparel, and it plans to expand into new product categories and grow its menswear selection, which accounts for about 20 percent of the business. Its merchandise now includes outerwear, jewelry, watches, scarves, and fragrances. Schulman is open to expanding into home décor and other segments, when the time comes.
“Elevate” is a word that Coach executives use on a near-constant basis, whether it’s elevated product, elevated price points, or an elevated brand. The average price of a Coach handbag was once under $300. Now, according to Schulman, the sweet spot for price is from $300 to $500. The Rogue, at $795, is Coach’s most expensive line of handbags. Made from glove-tanned pebble leather, it has detachable straps and suede lining and can also come in bold patterns and embellishments. It was designed with die-cut snakeskin tea roses and priced at an elevated $1,500 in the recent season.
In February, the brand welcomed celebrities and influencers to a runway show for Coach 1941, an upscale offshoot of its main brand, designed by creative head Stuart Vevers. “He’s taken the brand in directions that it had never been,” says Schulman. The catwalk itself was more abstract art than clothing showcase, presented as an eerie forest full of video monitors gone haywire. As the show closed, lights dimmed and strobes pulsed as the models hurried through the set. You couldn’t see the clothes at all—not that it mattered. This was about artistic credibility.
“Maybe a shopper who buys a Fendi or a Dior might come in and buy Coach apparel or Coach footwear, because it does now have a luxury point of view,” says Erinn Murphy, an analyst at Piper Jaffray. “That customer would have never bought a logo-oriented Coach tote from seven or eight years ago.”
More Brands, More Problems?
Tapestry’s other brands remain in recovery from a variety of ailments. Stuart Weitzman’s business largely relies on two styles: an over-the-knee, super-tall boot called the “5050” and a line of minimalist “Nudist” sandals with a delicate ankle strap. But if consumers aren’t wooed with compelling versions of those franchises for one season, it can mean disaster. Earlier this year, the shoemaker ran into production delays with new styles, forcing the company to admit that the issue will persist through next winter. On top of that, Tapestry ousted Stuart Weitzman’s creative director, Giovanni Morelli, in May, citing issues with his “behavior.”
With $1.4 billion in annual revenue when it was acquired, Kate Spade had different problems, primarily that it had torpedoed its own brand with constant online flash sales. As a more youthful, less serious brand, it sells sneakers covered in rose gold glitter, jacquard dresses in multi-color daisies, and giant, heart-shaped hoop earrings. But the label’s whimsical items were often too strange for luxury shoppers unwilling to shell out $300 on bags that looked, for example, like a giant cat’s head. Weak traffic at its outlet stores forced the brand to offer deeper discounts. Even worse, several seasons of inventory missteps hindered stores that failed to stock enough of the merchandise that people actually wanted.
Sales at Kate Spade fell 3 percent in the last period—its sixth-straight negative quarter—but that qualified as good news since it still beat analysts’ estimates, sending the stock up as much as 11 percent. In June, fashion designer Kate Valentine, better known as Kate Spade and co-founder of the label, died in an apparent suicide at her Manhattan apartment. Grieving fans had an “immediate heartfelt response” to the news, executives said, and shoppers bought up products bearing her name.
At first, Tapestry estimated it would see from $30 to $35 million in savings from the Kate Spade integration. Next year, it expects to hit from $100 to $115 million. Analysts see Kate Spade’s growth potential as an attractive opportunity, if its new owner is willing to shrink first and keep enduring months of bad results as it reduces flash sales. “If they have the discipline to see this through, then the reality is they’ll emerge better off at the end of the tunnel,” says Simeon Siegel, an analyst at Nomura’s Instinet. “It’s important to understand what was the healthy sales versus what was the extra dollar that management wanted to grab.”
But if the company is to fulfill the promise of becoming an American luxury conglomerate, Tapestry will eventually have to spend billions more to acquire additional brands. Luis insists that the company must first fix Kate Spade before resuming the hunt. When it’s time, though, the company will be looking for labels in accessories, footwear, apparel, and outerwear to add to its offerings.
And he has no plans to stop at things you wear. “We’re very focused on our planning horizon, which tends to be three to five years, but that doesn’t mean there’s no opportunity for Tapestry, as a house of brands, to evolve well beyond the core fashion categories,” he says. “The opportunities are endless.”
In analysts’ and media reports during the past year, numerous brand names have been mentioned as potential acquisition targets: Burberry, Britain’s largest luxury label, as well as Barbour, Mulberry, and Longchamp, the French accessories brand. Italy has its share of attractive targets, too, such as Furla handbags and Canali tailoring. PVH Corp., owner of Tommy Hilfiger and Calvin Klein, is the closest thing to an existing American fashion multi-brand house, and it could potentially be in the mix as a buyer. But PVH is considered more a mid-range apparel seller than a glitzy luxury group.
Tapestry’s American competition won’t be so easily left behind. Last November, Michael Kors bought shoe label Jimmy Choo for $1.2 billion, its first foray outside its legacy brand. Famous for its Sex and the City stilettos that Sarah Jessica Parker loved so much, the pumps can cost $600 to $1,200 or more, making Choo higher-end than its new owner is. The addition gives Kors a strong foothold in footwear as the handbag war spills into shoes and clothing. At the time, Michael Kors CEO John Idol said the acquisition signaled the start of new strategy: to build an international group of luxury brands.
The post Can America Build a Luxury Powerhouse to Rival Europe’s LVMH? appeared first on Bloomberg Businessweek Middle East.
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lewschulmandc-blog · 5 years
Text
Lew Schulman iBUILD
Website: https://sketchfab.com/lewschulman2
Address: 1700 Pennsylvania Ave. NW, Washington, DC 20036
Phone: 800-601-5605
Lew Schulman is a co-founder of iBUILD the home construction platform for whole house developments, partial construction projects, and repair. Mr. Schulman is a Navy veteran and is focused on innovative social entrepreneurship, start-ups, and philanthropy, having launched four scalable solutions to various social issues around the globe. Lew Schulman is a seasoned CEO with global leadership experience. Lew Schulman with iBUILD invested his experience in affordable housing innovation after first finding success in finance and the fishing industry. For iBuild, Mr. Schulman has pioneered housing production systems in the US and abroad, resulting in the creation of thousands of affordable homes.
0 notes