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This week, more than 25,000 video game insiders and fans are gathering at the Game Developers Conference in San Francisco. While it may be surprising to some, video games are a positive driving force of modern culture.

Ongoing innovation by the video game industry has resulted in breakthrough technologies and explosive growth. In fact, last year sales reached a record-breaking $43.4 billion in the United States, up 18 percent from 2017. Thanks to immersive technologies, engaging content, and the ability to play with others, today's video-game-playing population is more connected than ever before. Our audiences span every demographic across the globe, and research shows that intergenerational game play is growing.

Unlike Twitter CEO Jack Dorsey who recently said that new technologies can divide people, we at the Entertainment Software Association, which represents the U.S. video game industry, see the world differently. More than half of players say video games help them connect with their friends, and nearly half say it helps their families spend more time together. Parents and grandparents are also playing more with their children and grandchildren, respectively.

What the WHO gets wrong

It is clear that video games bring people together and have a positive impact on our daily lives. That is why it is so alarming that the World Health Organization (WHO) has proposed the addition of "gaming disorder" to its global disease classification handbook. This proposal sets a harmful precedent by stigmatizing people who enjoy playing video games and downplaying the real consequences of other recognized mental health disorders.

Even more problematic, medical research does not support the creation of this classification. In fact, the WHO's proposal disregards the positions taken by the American Medical Association, the American Psychiatric Association and the American Psychological Association, all of which have declined to label any amount of video game play as a "disorder."

None of this should suggest that those struggling with mental health issues, compulsive disorders, or other challenges should not seek the treatment they need. However, there is no medical consensus that the type of video game play described by the WHO is an underlying cause of mental illness, as opposed to a symptom of a more pressing issue.

Interestingly, researchers on both sides of the issue agree that video games are fun, educational and increasingly therapeutic. Video games have become a vital learning tool for children struggling with dyslexia and other learning challenges and are being used to help treat Alzheimer's patients. Teen girls who play video games are three times more likely to pursue a STEM degree. Through playing video games, college students can improve their communication, adaptability and resourcefulness, which are essential skills needed to earn a college degree.
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At the Entertainment Software Association, we stand with video game innovators, creators and artists who care about players. We encourage responsible video game playing through password-protected parental controls, a robust rating system, and family discussion guides, which are just three of the many ways our industry has worked to promote the healthy enjoyment of video games.
Stanley Pierre-Louis serves as acting CEO and general counsel of ESA.

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What the WHO gets wrong about video games and culture

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This week, more than 25,000 video game insiders and fans are gathering at the Game Developers Conference in San Francisco. While it may be surprising to some, video games are a positive driving force of modern culture. Ongoing innovation by the video game industry has resulted in breakthrough technologies and explosive growth.

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You know I'm a fan of good old fashioned generational warfare, because as a Gen X'er I'm sandwiched in between some doozies. Boomers gave birth to millennials, and when an army of AOC's are running things we're all screwed.

A new study by OnePoll for a CBD company called Endoca shows if millennials were left to their own devices in a dystopian societal meltdown, they would quickly die and get eaten by cockroaches and jackal packs.

If you think back to your grandparents a lot of them made a treacherous journey from far away and didn't know if they'd survive the boat or die from gout by 40, but they had real problems to contend with like fighting racism and classism to get a basic job to scrape by. They had to make sure their children weren't starving beggars, and they were one generation removed from famine and essential serfdom. They had it rough, but they also had perspective.

Do you know what the number one cause of millennial stress is on this poll? Losing their wallet or credit card. That's what keeps these cream puffs up at night, and these whiners claim they have a hard time falling asleep three nights a week. Twenty percent of the wallet worryworts also say their other biggest worry, not poverty or loss of faculties or war, is having their phone screen break.

I have a personal rule: I cannot be friends with you unless I know you can survive in the wild, and having seen riots and earthquakes and how quickly things turn from candy to catastrophe you may have to get around without your dumb phone when some bad actor decides to nuke our electrical grid.

Gen x'ers often got lost in the shadow of our me generation predecessors because *they* were so self transfixed, and in the Reagan era of nuclear holocaust we were convinced we were all going to die with a good degree of certainty. Did we wallow in self pity? Kinda! But that wallowing birthed a musical paradigm shift that encompassed Nirvana and Dinosaur Junior and Sebadoh. Millennials have Justin Bieber and G Eazy. God I pity them.
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Number 6 on the stressed list? Slow WiFi. Number 10? Forgetting their phone charger. We either need them to abdicate their societal responsibilities or hasten the robot takeover so they can have their baby lotion soft motherboards swapped out for working parts.

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Kennedy: Millennials should be concerned about poverty or war, not breaking their phone screens

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You know I'm a fan of good old fashioned generational warfare, because as a Gen X'er I'm sandwiched in between some doozies. Boomers gave birth to millennials, and when an army of AOC's are running things we're all screwed.

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The Colorado governor signed a bill into law this month that will allow children to operate a lemonade stand without a permit. You didn't know they needed a permit? Yes, before this law they did in the Centennial State; and in most states they still do.

This legislative victory is a good step forward - or backward, restoring common sense that has been lost amid the hyper-regulation modern society has embraced.

Last summer, Jennifer Knowles helped her young sons set up a lemonade stand on a hot day in Denver. Her children's entrepreneurial endeavor was soon shut down for failure to obtain a $125 permit. This summer they can open up shop without any fear of being shut down.

When will other states follow suit? A summertime staple of American childhood shouldn't be a criminal act. One should not need permission from the government to sell lemonade to one's neighbors. Paying the fee to obtain the requisite permission slip merely perpetuates the problem.

Colorado, Utah best states for young entrepreneurs

Colorado joins Utah as the second state to address the issue. Two years ago, the Utah legislature passed a broad law that exempts minors from obtaining permits and licenses for their occasionally operated business. Libertas Institute, the state's free market think tank, proposed the legislation after seeing stories of young entrepreneurs being hassled by busybody bureaucrats.

The new laws in Utah and Colorado cover not only lemonade stands, but every minor-operated business, such as mowing lawns, babysitting and more. Technically, these common teenage enterprises are similarly subject to business licensing laws, yet there is widespread noncompliance countrywide. That doesn't change the fact, of course, that these children are actually in violation of the law.

These laws are what lead to absurd headlines such as "New York state shuts down child's lemonade stand" and "Rhode Island police shut down kids' lemonade stand, citing city ordinance concerning commercial vendors." The Knowles family certainly isn't alone; dozens of other stories have received national attention in recent years. Earlier this year, a young boy was busted in Missouri for the crime of shoveling someone's snow without a permit.

Drawing the line

The lemonade stand shutdowns are what catch people's attention the most. In one such story, four-year-old Abigail Krutsinger was selling lemonade to passersby in her small city in Iowa in 2011. A cup ran 25 cents, and pretty soon she had made five dollars-not bad for a girl her age. Then the police arrived and shut her down.

The city demanded a staggering $400 to bring Abigail's enterprise into compliance with the law. Her dad's comment to reporters was prescient: "If the line is drawn to the point where a 4-year-old... can't sell a couple glasses of lemonade for 25 cents, then I think the line has been drawn at the wrong spot."

The default experience with youth entrepreneurship should not be violation of the law. Few children or their parents think about having to obtain a permission slip to do something as simple as selling treats on the sidewalk; it's not a factor one typically thinks about when imagining up how to earn a few dollars on a Saturday afternoon. And yet, in the so-called land of the free, local governments demand their pound of flesh-whether it be that of an adult or a minor.

It doesn't have to be this way-and we don't need to be perpetually outraged by these never-ending stories. Whether at a state or city level, elected officials can put a stop to the madness by doing what Colorado and Utah have done-exempting minors from having to obtain a permit or license when occasionally operating a business.

Let's be clear: we don't see headlines of foodborne illness outbreaks arising from young entrepreneurs and their roadside offerings. There aren't any problems with tainted lemonade contaminating the countryside. The only news coverage we see is the failure of little children to pay for a piece of paper from the bureaucracy.
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We should question, then, why such hoops are necessary for little children looking to learn the basics of business. Let's instead clear the obstacles that stand in their way, and allow them to experience American entrepreneurialism at its best-without first having to kiss the ring of local government.
Connor Boyack is president of Libertas Institute, a free market think tank. He is author of 15 books, including "Lessons from a Lemonade Stand: An Unconventional Guide to Government."

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Colorado to stop hassling kids over lemonade stands in time for summer

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The Colorado governor signed a bill into law this month that will allow children to operate a lemonade stand without a permit. You didn't know they needed a permit? Yes, before this law they did in the Centennial State; and in most states they still do.

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While stocks put in an unremarkable performance last week, beneath the surface casualties were mounting on the heels of presidential hopeful Bernie Sander's town hall on Fox, where he drove home his message of Medicare for All. Each of us come at this from a different political perspective. Certainly in the confines of a system that desperately needs an overhaul Medicare for All sounds attractive.

To be fair, in his Town Hall message Bernie comes right out and says health care is expensive and he will have to raise taxes on many to help pay for it. It's the next sentence that bothers me most; ... health care administrative costs would be reduced. Really? When was the last time anything run by the government proved more efficient than the private sector?

Despite polling high, Medicare for All along with a $32 trillion price tag could be the most fiercely debated topic short of the Vietnam War. Supporters of single payer will call it all but inevitable and non-believers will say Medicare for All could easily morph into Medicare for None.

It didn't take long for traders to do the math, dumping health-care stocks across the board, down over 5 percent on the week and the worst performer year to date. Hardest hit were the health-care insurers, i.e. United Healthcare and Anthem.

Most of the Democratic candidates have a Medicare for All solution as part of their campaign promise. Sen. Kamala Harris has come right out and said; we should do away with the industry. I'm not going to go into the complexities of an all-out health-care debate right now, but I've long believed we could be best served by doing the obvious.

"Health care is hard, but it's even harder when you're stupid"

In many ways we subsidize health-care systems around the world. Americans pay the cost of drug discovery while many other countries including Canada and Europe refuse, paying often significantly lower prices even for life-saving drugs. The CEO of a major U.S. drug company cares about revenue and profit margins. Most of the cost is of course tied up in research and discovery while the actual cost of manufacture might be quite low. As long as the cost is covered on the American side, take the extra revenue from outside the U.S. at a reduced price tag, along with an incremental profit?

We're going to need a ruling from the legal community, but why not pass legislation making it against the law to sell the drugs outside the U.S. at a price less than available in this country? I suspect drug prices would find a new level south of what we are paying today. At first, foreign entities would cry foul threatening to not purchase, but when faced with little alternative, their pricing would soon rise to the new lower U.S. level. Since most of the drug discovery takes place in the United States demand for these life-saving medicines would force other countries to pay their fair share.
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While a reflect bounce off the lows is a significant possibility the sector is going to be hostage to a news cycle that will continue to intensify as we head toward the 2020 election. Even without the albatross of health care, investors still have all the usual suspects to worry about. Trade, tariffs, mixed economic data and a paralyzed Washington continue to add bricks to the wall of worry. Welcome to my world!
David Nelson, CFA is the Chief Strategist of Belpointe Asset Management.

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Health care is hard, but it's even harder when you're stupid

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While stocks put in an unremarkable performance last week, beneath the surface casualties were mounting on the heels of presidential hopeful Bernie Sander's town hall on Fox, where he drove home his message of Medicare for All. Each of us come at this from a different political perspective.

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Supply chain automation as a strategy to keep up with consumer demand and reduce costs is no new concept. What is new, however, is the accessibility of the latest generation of robotics and automation solutions.

Currently, 72 percent of enterprises use robotic automation and usage is on the rise at a record pace, according to research firm ISG. The ripple effect is a host of new opportunities and challenges for supply chain organizations, the most critical of which is securing the skills required and changing the way people work in a more digitized industrial environment.

Each chapter of the Industrial Revolution reveals a common ebb and flow in the number and makeup of jobs. As early as the steam engine, innovation displaced certain workers with new ones who, for example, had cognitive skills like creativity and problem-solving. This will continue with robots. According to the World Economic Forum, by 2022, the shifting labor division between humans, machines and algorithms will result in 75 million lost job roles, but an addition of 133 million job roles, netting 58 million.

Amazon exemplifies this dynamic. The company had about 45,000 employees when it introduced robots in 2014. Now, with upwards of 80,000 robots in operation, according to Supply Chain Management Review magazine, Amazon employs more than 600,000 workers. Similar results have been found across the organizational spectrum, from large multinational employers to small manufacturing companies.

As technologies advance through each industrial revolution, jobs-and job titles-have shifted to mirror newly required skills. In fact, a recent MIT study concluded that in the past decade, occupations boasting a 10 percent increase in job titles also grew 5 percent faster. Many unheard-of job titles, for example, emerged through the rise of cell phones, mobile apps, social media and cloud-based services.

Today's hottest jobs

This trend is well underway in the automation age. Job roles characterized as task or manual process-based are declining, and even likely to disappear, in the next few years. At the same time, traditional occupations, such as machinists, welders and technicians, are spawning new job roles like "mechatronics," which combines mechanics and systems design.

The rapid emergence of new roles presents an enormous challenge to companies' pursuit of automation implementation-and an ever-widening skills gap.

It's not a gap... it's a chasm

Never before has technology disrupted American society at such a rapid clip. The skills gap is projected to leave 2.4 million positions unfilled between 2018 and 2028, with a potential economic impact of $2.5 trillion, according to Deloitte. Even as 80 percent of manufacturing executives are willing to pay more than market rate to fill positions impacted by the skills gap, 60 percent of those positions remain unfilled.

New ways of learning

Skilled workers are key to corporate success and global economic development. But which skills are needed for a future of automation? As Deloitte puts it, digital skills like programming and technology must marry human skills such as critical thinking, emotional intelligence and creativity. But if there is one skill to encourage among future workers, it's the ability to keep learning and adapting.
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Between 75 and 375 million displaced workers may need to switch occupational categories and learn new skills by 2030. For the supply chain's automation age, learning can take different shapes:

AR and VR can display information across a worker's field of vision to mimic real-time.

Companies can use simulation training for highly complex tasks or dangerous jobs where errors can be deadly.

The changes will keep coming in the age of robots. Some may be evolutionary, as workers adapt to new technologies, while others will be revolutionary, leading to new industries and job roles. The goal, however, remains the same: ensuring that the evolution of our human skills keeps pace with automation.
Joanie Courtney is the chief marketing officer and president, professional division at EmployBridge.

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The robots are here: New, unheard-of job titles signal growing occupations in digital age

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Supply chain automation as a strategy to keep up with consumer demand and reduce costs is no new concept. What is new, however, is the accessibility of the latest generation of robotics and automation solutions. Currently, 72 percent of enterprises use robotic automation and usage is on the rise at a record pace, according to research firm ISG.

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As what has become a beloved U.S. holiday Cinco de Mayo approaches, restaurant and bar owners across the country are likely breathing a sigh of relief as President Trump on Thursday walked back his threats to partially or fully close the U.S.-Mexico border.

"We're going to give them a one-year warning, and if the drugs don't stop or (are) largely stopped, we're going to put tariffs on Mexico and products, in particular, the cars ... and if that doesn't stop the drugs, we close the border," Trump told reporters at the White House.

Trump's recent threats had many on Main Street worrying about a potential shortage of guacamole and tequila, not to mention lettuce and tomatoes for our tacos. Mexico is our main supplier of avocados this time of year. According to Reuters, the U.S. would be completely out of avocados in three weeks if imports from Mexico were stopped.

Oh, sure there were concerns about shutting down car factories and possible shortages of blueberries. There is also the possibility that shutting down trade with our third-largest trading partner, that traded over $612 billion in goods with us last year, might drive us into recession. But the issue of border security never hit so many Americans harder than when we started to talk about cutting into their guacamole and tequila supply.

Not drinking a margarita on Cinco de Mayo almost seems un-American. And I have not even yet brought up the potential shortages of Coronas and limes. Most limes are grown in Mexico in the warmer southwest and southeastern states of the country. Key limes amount to about 54 percent of the total lime production, think about the potential devastating impact on key lime pie.

Mexico also would sharply feel the impact of a border shutdown as they look to the U.S. for energy, hogs and corn for their tortillas. Around $1.5 billion of goods pass through the U.S.-Mexico border every day.

While Trump acknowledges that any shutdown would have economic risks, he has made clear he believes securing the border would be worth it. According to USA Today, in February U.S. Border Patrol agents apprehended more than 60,000 people illegally crossing the southern border. A record high 36,174 of those (54 percent) were members of families and 6,825 (10 percent) were unaccompanied minors, according to USBP data. This flood of migrants coming to the border is overwhelming border agents and checkpoints and at the same time putting the lives of those coming here illegally at serious risk.
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And of course, there is the risk to Cinco de Mayo celebrations as well. Embracing a holiday of another country and making it our own says more about America and what we are all about. In fact, one of the things that makes America great is that diversity. America is a nation of immigrants and has embraced every culture and religion on the face of the earth.

Border security is not racist or anti-immigrant. It is in fact what is best for all Americans, no matter where they came from. America has always been a beacon of light for immigrants legally coming to this country from all over the world. To celebrate that diversity, make sure you tip a Corona or two on this Cinco De Mayo.
Phil Flynn is senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn@pricegroup.com.

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Trump gives Mexico time on border threat, meaning no worries for Cinco de Mayo

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Trump's recent threats regarding the US-Mexico border had many on Main Street worrying about a potential shortage of guacamole and tequila, not to mention lettuce and tomatoes for our tacos.