From around the globe, it's theCUBE with digital coverage of AWS re-invent 2020 sponsored by Intel, AWS, and our community partners. Hello everybody, this is Dave Vellante. Welcome back to theCUBE's continuous coverage of AWS re-invent 2020, the virtual version of theCUBE and re-invent. I'm here with David Floyer, who's the CTO of Wikibon and we're going to break down today's infrastructure keynote which was headlined by Peter DeSantis. David, good to see you. It's good to see you. So David, we have a very tight timeframe and I just want to cover a couple of things. Something that I've learned for many, many years working with you is the statement, it's all about recovery. And that really was the first part of Peter's discussion today. It was he laid out the operational practices of AWS and he talked a lot about, he actually had some really interesting things up there. There's no compression algorithm for experience but he talked a lot about availability and he compared AWS's availability philosophy with some of its competitors. And he talked about generators being concurrent and maintainable, he took it down to the batteries and the UPS. And the thing that impressed me most, the other thing that you've taught me over the years is system thinking. You got to look at the entire system that one little component could have, this is Peter DeSantis' words, a huge blast radius. So what AWS tries to do is constrict that blast radius so he can sleep at night. So non-disrupt replacements of things like batteries. He talked a lot about synchronous versus asynchronous trade-offs and it was like kind of async versus sync one-on-one, synchronous, you got latency, asynchronous, you got data loss to exposure. So a lot of discussions around that but what was most interesting is he compared and contrasted AWS's philosophy on availability zones with the competition. And he didn't specifically call out Microsoft and Google but he showed some screenshots of their websites. And the competition uses terms like usually available and generally available. This meaning that certain regions and availability zone may not be available. That's not the case with AWS. Your thoughts on that. They have a very impressive track record despite the failure the other day but they've got a very impressive track record. I think there is a big difference however between general-purpose computing and mission-critical computing. And when you've got to bring up databases and everything else like that, then I think there are other platforms which in the long-term, AWS in my view should be embracing that do a better job in mission-critical areas in terms of bringing things up and not losing data and recovery. So that's an area which I think AWS will need to partner with in the future. Yeah, so the other area of the keynote that was critical was you spent a lot of time on custom silicon. And you and I have talked about this a lot. Of course, AWS and Intel are huge partners but we know that Intel owns its own fabs. Its competitors will outsource to the other manufacturers. So Intel is motivated to put as much function on the real estate as possible to create general-purpose processors and get as much out of that real estate as they possibly can. So what AWS has been doing and they certainly didn't throw Intel under the bus. They were very complimentary and friendly but they also laid out that they're developing a number of components that are custom silicon. They talked about the nitro controllers, inferential which is specialized chips around inference to do things like PyTorch and TensorFlow. They talked about training them, the new training chip for training AI models or ML models. They spent a lot of time on Graviton which is a 64 bit like you say everything 64 bit these days but it's the ARM processor. And so, they didn't specifically mention Moore's law but they certainly talk, they gave a microprocessor 101 overview which I really enjoyed. They talked about, they didn't specifically talk about Moore's law but they talked about the need to put in more cores and then running multi-threaded apps and the whole new programming models that that brings out. And basically laid out the case that these specialized processors that they're developing are more efficient. They talked about all these cores and the overhead that those cores bring and the difficulty of keeping those processors, those cores busy. And so, they talked about symmetric or simultaneous multi-threading and sharing cores which it was like going back to the old days of microprocessor development. But the point being that as you add more cores and you have that overhead you get non-linear performance improvements. And so, it defeats the notion of scale out, right? And so, what I want to get to is get your take on this is you've been talking for a long, long time about ARM in the data center. And it reminded me just like object storage we talked for years about object storage it never went anywhere until Amazon brought forth simple storage service and then object storage obviously is a mainstream storage now. Is he the same thing happening with ARM in the data center specifically? Of course, alternative processors are taking off but what's your take on all this? You listen to the keynote, give us your takeaways. Well, let's go back to first principles for a second. Why is this happening? It's happening because of volume, volume, volume, volume. Volume is incredibly important obviously in terms of cost. And if you look at a volume ARM was based on the volumes that came from the handhelds and all of the mobile stuff that's been generating. So there's billions of chips being made on that. So let me interrupt you for a second, David. So we're showing a slide here and it relates to volume in somewhat. I mean, we talk a lot about the volume that Flash for instance gained from the consumer. And now we're talking about these emerging workloads. You call them matrix workloads. These are things like AI inferencing, Edge work and this gray area shows these alternative workloads. And that's really what Amazon's going after. So you show in this chart, basically very small today, 2020 but you show a very large and growing position by the end of this decade really eating into the traditional space. That's absolutely correct. And that's being led by what's happening in the mobile market. If you look at all of the work that's going on on your Apple iPhone, the huge amount of modern matrix workloads that are going there to help you with your photography and everything like that. And that's going to come into the data center within two years. And that's what AWS is focusing on is capabilities of doing this type of new workload in real time and it's hundreds of times more processing to do these workloads and it's got to be done in real time. Yeah, so we have a chart on that, this bar chart that you've produced. I don't know if you can see the bars here. I can't see them, but maybe we can editorialize. So on the left hand side, you basically have traditional workloads in blue and you have matrix workloads, what you call these emerging workloads in red. You show performance 0.95 versus 50 then price performance for traditional 3.6 and it's more than 150 times greater for ARM-based workloads. And that's an analysis of the previous generation of ARM. And if you take the new ones, the M1 for example, which has come into the PC area, that's going to be even higher. So the ARM is producing hybrid computers, heterogeneous computers with multiple different things inside the computer. And that is making life a lot more efficient. And especially in the inference world, they're using NPUs instead of GPUs. They can fit about four times more NPUs that you can GPUs. And it's just a different world and ARM is ahead because it's done all the work in the volume area. And that's now going to go into PCs and it's going to go into the data center. Okay, great. Now, yeah, if we could guys bring up the other chart that's titled workloads moving to ARM-based servers. This one is just amazing to me, David. You'll see that for some reason, the slides aren't translating. So forget the slides. So, but basically you have the revenue coming from ARM as to be substantially higher in the out years or certainly substantially growing more than the traditional workload revenue. Now that's going to take a decade, but maybe you could explain why you see that. Yeah, the reason is that these matrix workloads and also the offload of like Nitro is doing is the offload of the storage and the networking from the main CPUs, the disaggregation of computing plus the traditional workloads which can move over, are moving over. And where AWS and Microsoft in the PC and Apple in the PC, where those leaders are leading us is that they are doing the hard work of making sure that their software and their APIs can utilize the capabilities of ARM. So it's, and the advantage that AWS has of course is that it enormous economies of scale across many, many users. That's going to take longer to go into the enterprise data center, much longer, but the Microsoft, Google and AWS are going to be leading the charge of this movement of ARM into the data center. It was amazing what some of the ARM customers, the AWS customers were saying today with much faster performance and much lower price. It was, they were affirming. And the fundamental reason is that ARM are two generations of production. They are at the moment at five nanometers, whereas Intel is still at 10. So that's a big, big issue that Intel have to address. Yeah, and so you've been getting this core creep, I'll call it, which brings a lot of overhead. And now you're seeing these very efficient specialized processors and your premises. We're going to see these explode for these new workloads.  I think you pointed out that you see a big market for edge, these edge emergent edge workloads, going to start in the data center and then push out to the edge. Andy Jassy says that the edge, or we're going to bring AWS to the edge, the data center is just another edge node. I like that vision, your thoughts. I think that is a compelling vision. I think things at the edge have many different form factors. So you will need an edge in a car, for example, which is cheap enough to fit into a car. But it's got to be a hundred times more processing than is in the computers in the car at the moment. That's a big leap to get to automated driving. But that's going to happen. And it's going to happen on ARM based systems and the amount of work that's going to go out to the edge is enormous. And the amount of data that's generated at the edge is enormous. That's not going to come back to the center. That's going to be processed at the edge. And the edge is going to be the center, if you like, of where computing is done. It doesn't mean to say that you're not going to have a lot of inference work inside the data center, but a lot of work in terms of data and processing is going to move into the edge over the next decade. Well, many of AWS's edge offerings today, assume data is going to be sent back, although of course you see outpost and then smaller versions of outposts. That's a, to me, that's a clue of what's coming. Basically again, bringing AWS to the edge. I want to also touch on Amazon's comments on renewable. Peter DeSantis talked a lot about what they're doing to reduce carbon. One of the interesting things was they're actually reusing their cooling water. They clean and reuse. I think he said three or multiple times and then they put it back out and they're able to purify it and reuse it. So that's a really great sustainable story. There was much more to it, but I think companies like Amazon, especially large companies really have a responsibility. So it's great to see Amazon stepping up. Anyway, we're out of time, David. Thanks so much for coming on and sharing your insights. I really appreciate it. By the way, those slides at wikibon.com has a lot of David's work on there. Apologize for some of the data not showing through, but working in real time here. This is Dave Vellante for David Floyer. You're watching theCUBE's continuous coverage of AWS re-invent 2020. We'll be right back.


The rapid development of Earth observation capabilities over the last few years has opened up a wealth of new possibilities for understanding our planet's hydrology. From CubeSats to UAVs to smartphones, there are now many different ways to collect data about the environment, ranging from high resolution imagery to detailed measurements of atmospheric conditions. These new sources of data provide us with a much greater understanding of the Earth's surface and atmosphere, allowing us to better understand processes like evaporation, flooding, and temperature changes. However, the sheer volume of data generated by these new sources presents a challenge. How do we make sense of all this information? Fortunately, recent advancements in computing power and machine learning algorithms allow us to quickly analyze large datasets and extract meaningful insights. By leveraging these new technologies, we can gain a deeper understanding of our planet's hydrology and its impacts on human society. This article was authored by M. F. McCabe, M. Roddle, D. E. Alstorf, and others. We are article.tv, links in the description below.


Good afternoon, everyone. Hello and welcome to an issue briefing on 2023 explain the chief economist briefing. My name is Sadia Zahiri. I'm a managing director at the World Economic Forum heading the work on the center for the new economy and society. I am joined today to my immediate left by Gilles Mouec, who is the chief economist of AXA. Next to him is Nila Richardson, senior vice president and chief economist at ADP, Automatic Data Processing. To the far end of the panel is Raghuram Rajan, who is the Katherine Dusak Miller distinguished professor, service professor of finance at the University of Chicago. Welcome to all of them and what I hope will be an exciting discussion about what the year ahead may look like in terms of the global economy, both headwinds and some emerging tailwinds. We put out yesterday the forum's chief economist outlook. It surveys about 50 chief economists who are part of a global community who connect with each other every couple of months to see where things are headed and then try to quantify their findings through a survey that tells us what they think the economic outlook looks like. It's a very global view. They come from various different sectors. They come from international organizations, from the private sector, so it gives us a good sense of what is going on globally. A few highlights from that outlook. Two-thirds of the chief economist surveyed consider that a global recession may be likely in 2023, including about 18 percent that consider a global recession to be extremely likely. However, there's about a third that do not expect that to be happening. 100 percent do believe that there will be very low, very tepid growth recession or not. In terms of inflation, there's a very mixed picture, but overall there's a sense that by the end of 2023 we will be in a better place than we were at the end of 2022. Respondents viewed it as extremely likely, so 73 percent somewhat, 27 percent extremely likely, that the patterns of economic activity will continue to be shifting along with the new geopolitical fault lines. In terms of business headwinds, 90 percent expect weak demand and high borrowing costs to exert a significant drag on business activity. And in response, many are expecting that businesses will be cutting costs and potentially also laying off workers. There were some sources of optimism that were also highlighted in the survey. The relative strength of household balance sheets in advanced economies, the relative resilience of labor markets in, again, advanced economies, the growing signs of some inflationary pressures easing, and, again, the relative resilience of some emerging markets as well as, of course, the diverse in some areas. So we'll turn it over to our panelists to tell us more. And Gilles, perhaps I can come to you first. How difficult of a year are you expecting across different sectors, including your own, including widely in financial services? And how do you think some of those cost-cutting measures may play out? Thanks a lot. And thank you for inviting me in this panel in such a distinguished environment. Actually, I'm not sure that there is going to be that much distinction across sectors in 2023. For me, we have something which is more macro, definitely macro, and the dividing line, if you want, between businesses might be more their individual leveraging position rather than the kind of sectors to which they belong. Because when I look at the current situation, I'm definitely not in this third of economists who believe we're going to be able to avoid recession. Because 2023, for me, is a kind of mere image of what we had in 2022. In 2022, we had a massive inflation shock with very little impact, actually, on aggregate demand. And what was obvious in all the surveys we're getting, until late, actually, into 2022, is the ease with which companies could pass the increase in input prices to their final customers. So who actually bore the brunt of inflation shock? In most cases, consumers, fortunately for us, in most cases, they had nice savings buffers to avoid most of the shock. And in many, many cases, at least where the fiscal space existed, it's governments which pay the price of inflation shock. Those buffers are being reduced in 2023. And cost cutting, yes, I think is going to be a must for a number of companies. And I was talking about this dividing line across the leveraging position. It's as if for the last 10, 15 years, at least from a macro point of view, we haven't had to think about it, the sort of aggregate leveraging position of the corporate sector. Not because debt was not big, but because we kind of knew that central banks would always do the right thing in a way, at least from the market's point of view. This is gone. So we are now seeing a situation where refinancing gaps are widened. And we're going to find a number of companies in 2023, which are going to be squeezed between, on the one hand, the fact that the capacity of demand to continue cushioning the shock of high-input prices is going to diminish. And the other side of the question, the fact that they're going to be asked to pay a lot more for their finding. Of course, in the last few weeks, last few months, this is my last point, things have improved a bit. We've seen actually a loosening in financial conditions. You were asking about the financial sector. Well, there's a sort of generic improvement in the last few weeks, last few months. But the question we may ask ourselves is whether this loosening in financial conditions is lasting. And I don't want to preclude what my colleagues are going to say. But if we are not, if we haven't reached the point where the endogenous engines of inflation have started to switch off, then central banks are going to deliver more tightening than what the market is pricing right now. And if central banks deliver more tightening than what the market is pricing right now, there will be more squeeze on the corporate sector. So I'm afraid that I don't have a superbly positive picture to draw for 2023, even if there are some blue elements of blue sky, but we'll probably come back to that later. Great. Thank you so much. Neela, similar question to you, perhaps a little bit of a view across various sectors and geographies, but specifically so the labor market. There was a very mixed opinion coming out of the outlook with a sort of equal 50-50 split as to whether things will remain as resilient as they currently are in labor markets. Over to you. So thank you for the question. Thank you for the invitation to be here and to share with you. You know, we said at ADPs paying about 40 million workers. And so we have a very strong perspective on wages. And what's important about these resilient labor markets in the context of higher inflation is that historically it was the labor market in which central bank policy was delivered. And there's this narrative out there that the way to get an attack in inflation is through two ways, housing or labor markets. Unfortunately, neither is playing along right now. Labor markets, and I'll stick to labor markets for your question, are incredibly resilient in many advanced economies, certainly in the United States. Labor shortages are profound. In fact, I think what's interesting in regards to our outlook for next year is not necessarily the effect of resiliency on 2023, but the effect of labor shortages that will be persistent over the next decade. For example, in the United States, employment, the workforce is likely to grow half the rate in the next decade, as it did in the previous decade. And these labor shortages are not just in the United States. They're in many advanced countries. And if you look at the developing world, they're in many sectors of the developing world, like technology and software development. So this isn't going away. And why it's interesting to inflation is inflation has morphed over the last two years. It's not just supply shocks and energy shocks. It's also inflation in wages and services. That leads some to believe that the workers are in the driver's seat. They are not. That myth unravels when you look at real wages, which have declined for the first time in a century. So we're looking at a worker who is feeling the conflation of many things in the global economy, higher in my view, more persistent inflation, though moderating, higher than our baseline going into the pandemic, slowing slower growth, economy, multiple geopolitical risks, and climate change, all affecting the worker. And then for the worker to stay in a relatively resilient position, it means robust wages. That means central banks don't get to use the labor market and the pain to the worker as a tool for inflation containment. Workers, I think wages stay relatively robust, but unfortunately may not keep up with inflation. So it's really a race. Will inflation moderate first? Or will wages moderate first? And in every country, that race will be won by a different actor. In my view, in the U.S. and in many advanced countries, I think it's a dead heat. It's a tie. But in some places around the world, workers will continue to lose ground to this cost of living crisis. And I think that's a concern not just for this year, but for several years to come. Thank you, Nila. Ragu, what are policy makers to do in this situation? That's the $64 trillion question, right? I think, as Nina just said, look, policy makers at this point are looking at labor markets and trying to see, certainly central bankers are looking for some labor market slack to give them confidence that they can pause. The problem, of course, is every time there's a hint that they may pause, financial markets take off and financial conditions become easier. And so at this point, I think many central banks are saying we can't pause until we actually see the labor market slack. And that's going to take them quite a ways into tightening. And here the problem really is that, you know, there could be cliff effects here. People aren't laying off workers because they fear it'll be very difficult to hire them back. They've just been through a period where it was very difficult to hire. And they're saying, well, maybe let me wait and see. And the problem is once you see others laying off workers, then you may say, oh, there's enough slack. Let me also lay off and you get a much bigger downfall in employment than the central bankers want. That's one. But Nila also talked about the housing sector. And there also what you see in the U.S., certainly, is there are no sales going on, but prices haven't dropped. And part of what's going on is nobody wants to sell their house because they can't buy a house at these high mortgage rates. But once people are forced to sell because they lose their job, then you might see prices dropping. And so then you see the downturn in house prices and everything else that accompanies that. So the worry is central banks will have to go further than they would ideally like to, just to make sure it's once and done. But if they do go further, there's the risk of these cliff effects, which means we go from a mile to a not so mild recession. And of course, last point to Jill's point, a lot of firms extended maturity during the pandemic. And that was partly because you didn't know how long this was going to last. Let me push out my debt. And central banks have made it easy to get really long-term debt. But a number of companies couldn't risk your companies. There have been very few bankruptcies during the pandemic. Those guys are going to start showing up. Eventually, the guys who pushed out their maturity is also, if their business is on doing well, will start showing up. So once again, things will start showing up over time, not just now. Now, is it all doom and gloom? Not necessarily. I mean, if Mr. Putin decides to end this war, fantastic. Then there could be a lot of upside. China, its recovery, could be a potential upside for the global economy. And we can talk about others. But I will say that at this point, central banks will probably go a little further than they want to, because they don't see the effects of their actions. And do you think that lag would still lead to that potential cliff happening within 2023, which is what we're focused on here today? Or do you think it's further out? No, I would say it would be surprising to me that we wouldn't see a pause sometime in 2023. I mean, of course, the labor markets are betting not just a pause, but actually a cutting of interest rates. I think that's overly optimistic at this point. But certainly a lot of the action will happen this year, because we still have 12 months to go. Okay, thank you. We're about halfway through our session. I'm going to open it up to just a couple of questions from the audience. Please state your name and move immediately to your question. And that will keep us moving along in this discussion, which is fairly brief. Any questions? Could we give a microphone to the gentleman? I thank you very much. It's a microphone on. Okay. I am Ken Jee from Nikkei. I have two actually two questions, one to split question. Mr. Rajan, you mentioned about how China could be a positive factor in this session or in our question. Would you please elaborate on that, especially after the Chinese latest GDP just came out and how much of a possibility that China's growth or China's coming back opening up would have a positive effect? And then the same part of the question, what about India? Could you just mention on the how India could play a role in this? Thank you. Okay. Well, obviously, China is working its way through the pandemic and from all signs, it's having horrific effects there. But that also means that it will be behind them and the fear of disruption through lockdowns will be again something in the past. So there will be a Chinese recovery later this year, possibly, you know, maybe even as early as March, April. Now, I think Chinese households are obviously very, very, you know, at this point, risk averse.  We already seeing some sort of push out in terms of tourism demand. That will help the global economy in sustaining demand. The question, of course, is how inflationary will the Chinese recovery be? Now, you know, some of that will be certainly in services and Chinese services. And in that sense, it will not, you know, go out. There will also be the effect of Chinese production coming full scale back, which will help in the disinflationary impact in the rest of the world. As you know, goods prices have been coming down and full Chinese production will help. So it could be a mixed bag as far as the inflationary consequences. But as far as demand goes, it certainly will be very positive for the world when China comes back. As far as India goes, I think India is trying to strengthen the growth of its economy. You're seeing a fairly strong push up in India's service exports at this point, and it could do far more. You see a lot of Indian firms trying to expand their reach. I think the argument that India will substitute for China is very premature. India is a much smaller economy than China. But I think over time, especially if India undertakes the reforms that it needs to, that some of them are on the cards, I think it could be a much bigger player. It's now the fifth largest economy, and it certainly has a growth path, which hopefully will strengthen over time. Thank you. Nila, Orijil, any views on the same question around the outlook for China in India? I'll just make a couple of points here. Totally, I think the answer you just received is a very fulsome one. The only others that I'd add on is there is an indirect effect of China's recovery in that its role as a passageway to other parts of the Asian world. So it's not just about selling and buying to China. It's about selling and buying through China and how that effect spills over to the APAC region in its entirety. And I think that important trade function and facilitator function does impact and could be part of the global growth story. Secondly, I'm excited by India's resilience and a lot of domestic challenges and global challenges that the world is grappling with. And I think not perhaps in 2023, but I do agree with the comment that they provide in future years a really good platform for global growth in the future. And when I look at India, especially the skilled workforce in the tech sector is where I would point to as someone who's looking at segments of the working population around the world, there's some real big bright spots there. I'll add Brazil really quick, even though that's not part of your question in terms of tech hub bright spots that could lead to future platforms for worker growth and skill development. Jill? Yeah, just to point maybe on the timing horizon for China, because yes, the reopening obviously is going to be forced down the road and Q4 2022 might have been the bottom. But for the time being, China is experimenting with something we haven't seen in actually in a lot of other countries, which is reopening while still having quite a lot of pressure on the healthcare system. So we need to take a bit of time maybe for the next few months to see exactly how domestic demand in China is responding to this very unique situation. Thank you. Question here? My name is Thomas Seifert from Wiener Zeitung on Austrian daily newspaper published in Vienna. My question is a more general one, but of course already happening in 2023. We saw that resilience today is more important than efficiency. And maybe you can elaborate a little bit on that, what it means. For instance, what it means for the tectonic shifts, tectonic plate shifts in the world economy, meaning trade patterns, investing out of China, redirecting it to other places, because some had made not good experiences with being based in China and so on. So maybe you want to let a little bit elaborate on that issue. Resilience versus efficiency, where are we heading to? Thank you so much. Okay. Which one of you would like to start with that question? I can take a, go ahead. Okay. I'll be brief. I think it's no longer a choice between resilience and efficiency. Resilience won that argument during the pandemic. Over the 10 years that preceded the pandemic, there was a lot of easy choices for companies and central banks. Of course, extend your debt maturities. Of course, borrow for central banks. You could have really low unemployment rates with 2% target inflation. Of course, maybe even negative inflation. No harm, no foul there. And then when it came to supply and trade, you were able to have just-in-time inventory without a risk. I think those days are over. I think if you look at even climate and its impact on the supply chain, workers and people shocks and labor shortages, it wasn't just about producing goods. It was getting them off the boat and onto a truck. There weren't skilled workers or even unskilled workers to do that. So all of this added up together means that we're not in a world of nirvana efficiency. We are in a world in which the only hope is through resiliency. Raghu? Well, I entirely agree with that. I think firms are coping in maybe four ways. One, they're building buffers, more inventories rather than just-in-time, just-in-case inventories. Diversification. Everybody is looking for a China plus one, China plus two strategy. Not moving at this point, but just in case we have to move and let's start situating some production there that we can ramp up if there need be. Flexibility is a third one, which is do I need every part as is or can I innovate around some part? So for example, when there's a chip shortage, Tesla sort of reprogrammed so that it could use different chips from the ones it normally bought. So that flexibility people are trying to build into their supply chains. But I think the fourth is perhaps the most intriguing. They're trying to plan for worst-case scenarios. What happens if, right? And we all know what those worst-case scenarios are. And so my sense is certainly companies are very much more aware of what they need to do. In terms of movement on the ground, very little as of now. You don't see it. But if in terms of what next, in terms of investment, it's fully on their minds. It's not going to be the same old investment since in the past. Just a quick point on this, which is that I would not want to leave the impression that this is a free lunch. The shift from efficiency to resilience comes with a cost. And the cost might be actually structurally high inflation. We should not forget that. We managed to kill inflation in the 1980s, yes, because of Paul Volcker and the trade policy, but also because we opened up our economies massively in which the beginning of globalization. If we actually get into some form of de-globalization, which seems to be the case, even if we have to be circumspect, sorry, there's a price to pay. And I was intrigued last year to see that, at some point at least, it seems that the US administration hesitated with possibly repealing some of the custom duties which had been levied on Chinese products simply because the US was in the middle of major struggle with inflation. And these two issues are intertwined. And I'm also intrigued by how in the current message we get from central banks, this idea of de-globalization is used as an argument to go, as Ragu was saying, maybe a little bit too far in their quantum of tightening, because it's one of the sort of structural forces which may help them to say, look, inflation is not going to return to 2% easily. Okay, thank you. I'll take one final question here at the front. We'll keep the question and the responses very brief, because there's a final round of comments we'd like to fit in in the next few minutes. Okay, thanks so much. It's Fifi from C in BC Africa. Could I just get the panel to a comment on the colour of recession that you are forecasting, just in terms of how deep it is and how long it does last. And also, against that backdrop, what does the outlook for the continent look like, just given that a lot of the economies on the continent are still expected to grow? Who would like to start with that? How deep is this recession? I can start. I've been very grumpy so far, so I'm going to be a bit positive. We have a very shallow recession, actually. That's our main expectation. One of the reasons being that we have a number of catastrophes that did not materialise. If I focus on Europe, for instance, three or four months ago, the consensus you there was that we might have to deal with a sudden stop in our energy supply that did not materialise. It's early days. We still have a few more weeks of winter ahead of us, but so far we are avoiding this sort of deeply unpleasant scenario. Another thing which makes us believe that a shallow recession is on the cards is that, at least in the US, the central bank is in control of things. To some extent, what we are facing is sort of engineered recession. It's something that the Fed wants to do. Same thing, if things get out of control, if the recession gets too deep, the Fed has the power to reverse quite a lot of that power. So shallow recession only. Great. I'm going to agree with you since you're at the forefront of pessimism. I would just point out that I do think that the recession would be shallow in most parts of the world, not every, but what would be persistent is slow growth. That's really, in my mind, even worse than recession because slow growth can last for a very long time. When I think about the impact on the continent, if you look at the three drivers of what could be a recessionary. It's the war in the Ukraine. It's a higher interest rate policy that slows growth in advanced economies. And it's the COVID-zero policy, thankfully being unwound in China, but the effect on China. And then there's this fourth one that we haven't talked about, the spillover to other parts of the world, whether it means the higher cost of debt, the food and energy crisis that is really impacting a lot of the world in terms of hunger and famine and poverty, but also places of resilience as the world looks for other places and spaces to grow a workforce now remotely possibly and to invest in technology. There's a benefit there too. So near term, some of these risks are a spillover. Longer term, I think there is a positive outlook and encouragement in terms of how the world restructures itself post-pandemic. Yeah, no, just to Africa itself, I think the big issues are fuel, food and interest rates. All three impacting many African countries. And I think it's difficult at these times. Now, this is where China with its commodity intensity can help the commodity producers, but it can hurt the commodity users. And you have both in Africa. So I think this is going to be, it's going to be a tough time. And what is important is the developed world pay attention to what's going on elsewhere. I think there are huge forces under play. We've already talked about climate change. If these all developing countries have had a bad pandemic, add to that the forces of climate change, the impulse then is to migrate. And of course, there's very little sort of receptivity to migration in industrial countries. So we have a very volatile mix. And that's why it's very important to pay attention to what's going on and to help where possible, perhaps with financial through financial means. Thank you. We have a minute, and I'm going to ask each of you very, very briefly to tell this room the silver linings. Where are the bright spots in 2023? Some of you referred to those already. If you could just have a quick recap of what those are. Raghu, perhaps with you first. Well, I think technology is going to be the source of bright spots if we use it well. I think there is the scope within industrial countries of spreading activity. Not everything needs to be in New York or San Francisco, and that's happening. I think it can be also across the world. A lot of services can be provided from Nigeria or India or Philippines to the industrial world. Service exports is the next big frontier if we can break down the barriers. And it'll help both the industrial world as well as the emerging world. Thank you, Nila. Diversification is just another addition to the previous comment. Diversifying supply chains, diversifying a workforce, diversifying a skill set, and thinking of the globe as a mosaic in which to draw from. I think that is a silver lining. And it wouldn't have been possible without having this horrific event of the pandemic that caused people to rethink business as usual. And I think that's where you're going to see the excitement come in terms of the global economy. Thank you, Angel. Labor market. Obviously, the resilience of the labor market is a problem for central banks and for inflation. But if you compare with the 1990s recessions when we had actually central banks also engineering recessions, we usually did that from a starting point for the employment rate, which was already very high. So we ended up with persistent mass unemployment. This is not the starting point we have right now in the developed world at least. And that's a reason to be hopeful in particular that the recession, the looming recession, is not going to have too deep an impact on the political situation of our nations. Thank you, Gil Moek. Thank you, Nila Richardson. And thank you, Raghuram Rajan. Thank you to the audience in the room. And thank you to our live stream audience.


how to sign into two Skype accounts at the same time on the same computer. This is helpful, for example, if you have a business Skype account that you want to keep separate from your personal Skype. If you look behind me, that is the official instructions from Skype.com on how to create a second Skype that runs parallel to your current Skype. Really, it's just adding a slash secondary parameter to running Skype in Windows. And you can read all the details right here. Click this link that will take you to the article on Skype.com that explains everything or you can click the link down there in the description below. Tell me in the comments below if you run two Skype accounts so that you can keep your Skype messages separate. I run a separate business Skype account and I am very careful who I give my business Skype to because it's something that I want to keep very clean and everyone that Skypes me will get a priority response. A lot of our freedom staff are now doing the same. They've created separate business Skype accounts for their freedom messages. Do you do the same? Tell me how you use Skype in the comments below and if you have two Skype accounts, tell me why you have two Skype accounts so we can all benefit and learn from each other's strategies and best practices. This is freedom and who am I? I am George, founder of Freedom. My one word or phrase that uniquely describes who I am at my core is influence. Click this video right here and tell me your one word or phrase that uniquely describes who you are at your core in the comments beneath that video. And you can see what other people have written, what their one word or phrase is to give you some ideas. I am also the founder of MGN. MGN is the multi-gaming network, the MCN for gamers and MGN is for me because I'm a gamer. Are you a gamer and is MGN for you? Find out at www.youtube.com. I am George and you've been watching Let's Discover Freedom. Click the first video to learn what is freedom and how it helps you grow. Click the second video to learn about sponsorships for all freedom partners even if you have just 10 subscribers. And click the other videos like How Do I Leave Freedom to learn more? Click Get More Views to learn how to build your audience faster on YouTube. Click Get More CPM to learn how to make more money from your channel. And click Get More Music to learn where to get more music to spice up your videos. Click the first playlist to watch The George Show on Freedom. That's my show. Or watch The Anthony Show or The Alex Show also on Freedom. And we will grow together as a family because this is the freedom family. You are part of it. We are all part of it and we're all growing together. So grow with us and partner with freedom. That Play Now button right there on the video bar is all you need to click to get started.


Hey guys, all right, so we're gonna work on Ian's weekly art challenge I'm a few days behind on the challenges But anyway the week I'm working on is the second week and it's this pretty rose picture that I printed on Just plain printer paper and I want to do it on black paper So what I did was I printed the photo a little bit smaller than my paper I held it up to the light and can you can y'all see the hint of the paper back there? I'm not sure if you can but I held it up to the light and I centered my paper Behind the image and then I washi taped it to the back of this printer paper and Then I'm going to use some white transfer paper.  We go This is by deco art. There are a lot of companies I'm sure that make transfer paper if you have some old-fashioned carbon paper that would work too because my paper is black Though I need something that's white And I love this deco art transfer paper. It's fabulous. It's deco art Americana And I will try to remember to put the link to the deco art website in the description below where you can Buy their products, I believe directly from the website or find some place local to you where you can get them All right that being said now. We're going to flip this over and I may need to take one of my pieces of Washi tape up But I don't want to do both of them. I don't want to have to line my paper up again So I'm going to just put this down here Okay, now we're going to flip this back over. I'm going to grab a just plain Pencil something with a sharp point and actually I need something hard underneath there to get a good transfer So I have to find my clipboard Here it is. It's got a whole bunch of photos on it. So let's take those off So I want something hard because this fabric and stuff on my table is a little got a little bit of a cushion And I don't want that So now I'm going to trace around all the shapes here of The flower that I see all the different petal shapes and work my way from the outside To the inside I hear my computer dinging in the background ding ding Now you can do this when you're you know Working on any image, you know, maybe you're working on a face or you know some other Image and you just in my case, you know, I just I'm just not feeling the whole drawing thing right now Maybe you're unsure of your drawing skills. This is you know, there's nothing wrong with doing things this way So I want to See how we're doing. Oh, well, it helps if you have your tracing paper turned the right way because I did very well But it traced on the wrong side. Hello And you know what I'm not going to edit that out. I'm gonna leave it in We all make mistakes. Just keep going Let's try that again one more time Now the other thing I'm going to use here is I'm going to use I think my chalk pastels, which I don't use much and my oil pastels Maybe some colored pencil and I'm not being super precise about it. I just really want The basic shapes. I don't want to have to fuss with proportion Just I'm not feeling it that way right now. So again, this time that we have our carbon paper turned the right way Let's Make sure There we go. Yeah, I think that's good So now we have this and I'm going to take our photograph. We're going to use it for inspiration for color and tone and shadow and light so I'm going to Save it here Now you can use this little piece of carbon paper again and again And you can use it get a few uses out of it before you have to throw it away all right So I think we're going to start with chalk pastels Of which I have mine sorted in a box like this and this is actually a parts box from the hardware department and We're going to start with some white because I'm working on black paper. My pink is not going to show up Without putting some white underneath it Here there we go so I'm going to start by Going up near Where my carbon lines are all the devices are blinking now. That was my husband's computer I don't know if that's going to catch on camera or not. It's blinking now, too I'm following my lines around and I'm looking at the picture to make sure these lines are You know some of these Petal edges are like this one here is in shadow. There's no white there and I actually don't want to put some any white there Just keep going around To work with charcoal and chalk although I don't do it too much I love the way it blends and smears on the paper and gives you really nice suggestions of shapes without honestly having to do too much and Somewhere I have a blending stump Somewhere can't find it because I need it. So, you know, why would I be able to find it or anything? All right, let me see if I can find it. I'll be right turned to my computer to mute because that was driving me crazy All right So now I'm going to come in here and I'm going to blend some of this white down into where the flower petal is Going and I Want to leave that outer edge crisp Don't worry about all the little crumbs not right now So looking at the picture tells me which side of where I put the white Should be left crisp in which where which direction I can do the blending Every now and then you're going to need to tap it off into the garbage can and this is the bottom of the flower So all the blending should be going this way and at the top it should be going the other way I'm traditionally not Actually, it'll be interesting to see how this works out because generally speaking I'm not that good at making roses that look like roses. They tend to look like tulips Or just blobs So we'll see how well I do what I want to do in my mind may not be what how it turns out in real life All right, I'm going to grab a pink I'm going to use this one And I'm going to Just put a little bit of it on and then I'm going to blend it out my hand on the white one I should be able to blend my colors right on the paper and you can do this sort of thing over a You know Acrylic painted background. That's a lot of fun Adding the white in there is going to give me a lighter shade of pink than the charcoal pastel the chalk pastel that I have Nice thing about the chalks too is you don't have to rush Because they're chalk. There's no there's no drying time. So you have eternity to blend them That being said that you do smear easy So you may get to the point where you're either done Or you want to keep adding more layers on top of this and the chalk just keeps moving around So then you really want to spray it with a workable fixative To stop that I take a little bit of so this is like a pinky purple I just want to add I have a couple of different brands of chalk pastels. They're For the most part all inexpensive so don't you know if you want to play with them Don't go break the bank getting a expensive set of chalk pastels Add a little bit of dark. It's less blue I used to keep them in a can Like just all jumbled in a can which is not a great way to store your chalk pastels So this box is much better If you're watching this I'm already Either at CHA in Phoenix, Arizona, or I am on the way to or maybe I just got back from And I'm sure it had I had a lot of fun Um Meeting up with Shannon green and my dear friend Cindy udder Talking art for you know a whole weekend who wouldn't love that, right? So like with my watercolors when I generally when I watercolor, I don't want to go too far before I do some blending and Try not to lose my petaly shapes my hints of petals While I'm doing it That just because your original inspiration photo is a certain color Doesn't mean you have to stick with that We're doing an artistic interpretation of right so you're not necessarily looking to Duplicated exactly The two pinks are very similar, but one is much warmer than the other I'm gonna do some blending now before we add any white Mostly right now. I'm just trying to get my You know basic tones shadows In the right places Hopefully or at least get them close See, I just knew I'd get my fingers in there eventually. That's generally what happens when I Work with chalk. I can't help but get it all over my hands It's part of the fun So now I think I want to Grab some oil pastels. I have a few different brands I think I'm going to grab these ones from Maypet Helix that they sent me Which I haven't used yet And I really just want the white one and the pink one And I think we're going to give this a spray of Workable fixative So before I actually commit these to that paper I do want to see how It's going to blend if it does this Maypet Helix one Oops See they they're okay other ones I don't have anything as light of pink though. I saw and I really like this one so Let's turn our photo back around again See what we can do I'm Using it on its side So I get something that looks more blendy because I can't kind of can't blend it I want to use it to Uh help me suggest my shapes Go back And just keep layering your stuff Where you feel you need to know the chalk pastels not going to blend super well with the oil pastel. They don't generally blend Very well together They sort of resist each other, but that being said you will get some interesting marks Now the oil pastel will dry the chalk pastel won't So you don't want to go too far if you're going to try to blend the two together Before you do your blending because you won't You won't probably get the look that you want Also, remember roses generally don't have perfectly edged petals They're not perfectly round. They usually have a little Few little irregularities. So if you make them less perfect, they're probably going to look more natural Now these aren't super well pigmented. I will say they do work just fine, especially for a starter set Again, don't go out buying a bunch of expensive art supplies when you're not even sure if you're going to like the medium or not Buy a student grade Or craft grade and just check it out first and then see if you're going to like it There's the other computer again because you know Well, I Turned mine to silent just fyi It was sort of bothering me The white served me well for Helping me keep my shapes, but now I feel like it's too stark so I am Putting trying to blend I'm going to blend it in with some of this red the red shows up better on the black paper I'm looking for color This is a portfolio oil pastel This is the portfolio oil pastels not only are a little bit better pigmented, but they're water soluble Generally speaking oil pastels should be your last Layer On your page you aren't going to be able to write over them acrylic paints not going to stick to them Okay, we're not done yet Because I really want to get something neon on there neon neon and I don't have Let's see what I'm looking for I don't let's see. What do I have that'll work? I wonder how these would show up Maybe we should try them I really only need the pink one These are um these might not show up at all, but these are a bible high glider gel pens They kind of show up Now that I put some on there though needs to be in a few places This is not going to work. I'm pretty sure but I kind of want to put some paint pen on there Or Yes How about some High flow How about some high flow? I just got this in the art snacks box. Let's try it shall we?  I'm pretty sure it's not gonna work Because I'm just having fun. I want you to use Ian's art challenges weekly art challenges over in the my year 2017 group As a way to experiment And play you don't have to show anybody if you don't want to what you've done Um put them in your journal count them off as a learning experience no matter how they turn out And just give them a shot and see what happens. Give it a shot What's the worst that could happen? I don't think I've put this many mediums on a piece in a while I think it's been a long time since I've done this. So this is really like neon shocking bright pink And I'm going to use this instead of Um using a paint pen because I'm more likely to be able to get this to Lay down over the oil pastel with a brush Then I am going to be By using a Paint pen paint pens totally not going to work this golden High flow you can also use airbrush paint by the way, I do have that too. It's cheaper than the golden high flow It's this is pretty transparent dries kind of quickly Shapes around You know, there's plenty of shadow in here What we don't have is something to make the edges pop and you know Don't get wrapped up in trying to match the color of your photo Yes, I stuck with pink tones because that was in the photo, but I'm not going to get wrapped up in My painting not being the exact same color as the inspiration photo And if you've seen me do um faces Um budas especially then you know That the use of neons is something I love to do to suggest The bright pops of color And rather than just bring in like white or something like that I'm barely using any paint and I'm barely touching the brush to the canvas At all And I'm you know, I'm also smudging some of it with my fingers or with the brush I want to be more suggestive rather than give you definite lines here I like the way that looks better And just building up the layers And make sure I've got everything where I want it to be And remember the most important thing that you know, the inspiration photo is supposed to be inspiration You know feel free to use it as inspiration for color shape form and copy it exactly if that's what you want to do It's not what you have to do. I tend to veer off into left field somewhere Generally speaking I like that. I am going to stop there because I really like that now I'm going to take this and put it back in the bottle because this is a little pricey Golden high flow is generally about eight dollars a bottle Um, and I can check on you The air paint brush paint for you right now. I I usually get my airbrush paint Which has a similar consistency and transparency um at hobby lobby And I have hot It is a very similar color This one's eight dollars and it's one ounce This one is four dollars and fifty nine cents and it is a lot more Let's see. Does it say Two ounces so double the price for less money So you can and if this is not transparent enough for you and too thick for you You can always add water or a glazing fluid to it or airbrush medium All right, that's it. That is my picture done inspired by ian's rose I'd love to see what you guys have done with his Inspiration photo and the ones he has coming out going forward. It's a lot of fun. I hope you guys are enjoying the program I know I am and uh, don't forget to support my channel if you can by shopping over at my antsy shop and Don't worry about if your artwork doesn't look like somebody else's or doesn't look like how you think it's supposed to Because there's no right way. There's no wrong way. There's only your way And most importantly go out and have a great day and do something nice for yourself because you deserve it All right. I'll see you later. Bye guys


This is Witchface news for Friday the 27th of October 2023 I'm CMDR Buur In a bumper edition of Elite Dangerous News this week We have new guides from the AXI and Canon Research Alec Turner attempts his maddest challenge yet There are changes happening at the new Spire sites Frontiers week long in game Halloween event continues And we see our first ever Odyssey specific community goal reward and more If you enjoy our videos please do hit the like button And if you haven't already be sure to subscribe and ding the bell So you don't miss any of our Elite Dangerous content And if you'd like to help directly support the burp it You can also join our Patreon Links to that and everything else are below The ever-vigilant Canon Research Group Published two new pages to its website this week Both covering off recent additions to the game The first goes into huge detail regarding everything you can find, see and collect At the new Thargoid Spire sites And also how to go about collecting some of the more less obvious items You may remember we reported recently that Professor Palin is currently quite keen To get his mitts on some of this stuff and has asked for it to be delivered to him And another contact in his home system of ARC The second Canon page this week concerns itself with the Halloween live event That started on the Frontier livestream I'm going to talk more about that in a moment so I won't go into too much detail here Suffice to say it's a very thorough record of what's happening right now Where to find it and why You'll find links to all this in the description below this video One of the more unique properties of Elite Dangerous that is frankly often overlooked Is how the same game and indeed the same environment in the game Manages to produce a completely different game experience Dependent on the commander engaging with it Enter then friend of the channel and serial SRV aficionado Commander Alec Turner Community regulars will know that Alec spends most of his in-game time In the game's venerable and somewhat diminutive scarab SRV And as a result has a somewhat more unique perspective than most On the Elite Dangerous experience Whenever anything new is added to the game Alec's first thought tends to be Can I drive it? And the spire sights have proven to be no different When the spires were first discovered by commanders it rapidly became apparent That the open petals at the tops of the towers Could be landed on and an SRV disembarked Without being in significant peril As long as the carrying mothership was quickly dismissed Only a mind like Alec Turner's however Would then decide to see what could be gained By driving off of a perfectly serviceable and very safe platform That is let's not forget three kilometers off the ground It turns out what is gained is what he's now calling The absolutely insane Thargoid spire platform challenge In very simple terms it involves a complete aerial circumnavigation Of the highest of the Thargoid tower spires Jumping from platform to platform to platform Around three kilometers off the ground While Thargoids oblivious to your endeavors Go about their business below you Not content with the perilous nature of the circumnavigation However the challenge then requires that brace yourself You then leap in the SRV from one tower to the next Falling through the aforementioned Thargoid mayhem as you go I've linked to Alec's demonstration tutorial video in the description below It's honestly a hell of a thing to behold Nauseating levitiginous in places And possibly the most Alec Turner thing I've yet seen Alec Turner ever do Let us know how you get on if you decide to give it a bash I've recommended numerous times on this show That folks subscribe to Commander Mechon of the AXI on YouTube And this week the good commander has again proven how sound that advice is With no less than three high quality tutorial videos All three videos concern themselves with different aspects of the Thargoid spire sites And are equally useful but in three very different ways Firstly there's an excellent video tutorial covering exactly how to gather the on foot spire A refinery compound material that can be found at the aerial platforms Toward the top of the spires This is one of the materials that is currently being gathered by Professor Palin But it's not outside the realms of possibility That this material could have other uses further down the line That we're not yet aware of It's very easy to accomplish, it's reasonably safe Surprising, giving the nature of the environment it's in And it also has the benefit of being huge fun So be sure to check it out Particularly if you've been previously perhaps a degree nervous about attempting something That can at first seem rather daunting The second video is the latest in Mechon's excellent Know Thy Enemy series In the video Mechon describes in very precise detail the workings and tactics Of the new Banshee Thargoid drone that has appeared at both spire sites And some human owned Odyssey settlements inside Thargoid territory Importantly however the good commander describes with help from diagrams How you can fairly easily kill the itchy little beggars in valuable stuff The final video from Mechon this week and my personal favorite Is how to make upwards of 2 billion credits an hour From clapping Orthrus class Thargoid reconnaissance vessels at a spire site I just reiterate for the uninitiated that the Orthrus has a pooling eyesight And broadly speaking doesn't actively defend itself when attacked If you're looking to make money in the game or perhaps eyeballing a shiny new fleet carrier This is 100% the best and most fun way right now to achieve that very thing And I'm happy to confirm that in a wing I found it to be a hilariously fun Turkey shoot money hose Highly recommended You'll find all Mechon's videos I've talked about this week linked in the description below Progress in the Thargoid war has of late been going very well With systems being taken back from the greeny meany legions of laser lettuce At a fairly steady rate week on week Just a few weeks back we were reporting that the Thargoid had control of in excess of 500 systems As things stand I'm very happy to report that number has reduced to just 373 systems As I speak these words As the front line continues to be pushed back the in-game Thargoid war map will continue to display systems that are considered counter strike systems shown with a purple arrow above them These are very much literally the front line of the Thargoid war and harbour active combat zones Adjacent to those you'll find recently liberated systems in a state of recovery Shown in purple on the map that are free of any Thargoid presence Where there are stations needing construction materials and damaged surface settlements that need Rebooting and you'll also find systems shown in yellow in a state of Thargoid alert It's in these systems that you'll find evacuation missions emergency supply deliveries And some limited Thargoid activity Be sure to check on the right hand side of the galaxy map in the Thargoid war information tab to drill down into a particular system to learn more about what actions you can take there And how contributions so far have affected that systems weekly cycle Our recent successes in pushing the marauding marigolds back have afforded the community the opportunity to see just what happens to a spire surface site when the space around it Is liberated and the Thargoid completely driven out and I have to thank commanders Meccan and Lilac like for getting this information to us In short the sites are completely devoid of threats There are no Thargoid in the liberated systems or at the four newly abandoned spire sites The sites themselves are also inactive so none of the usual lighting, nerve clusters or Scannable biosignatures are active interestingly the Thargoid logos from the landing pad structures have also gone there are some very limited materials that can still be gathered from the surface mega barnacles but they really are very limited and there's also some bioscanning still to be had on the ground as well in summary if you're still a little nervous to visit the active sites or are still ill equipped then fear not there is nothing at the abandoned sites to hamper your exploration and you can fully take in the enormity of them at your leisure to find these sites or indeed any other spire sites active or otherwise then you'll find a link to the excellent spire site tracking spreadsheet originally created by commander lilac light in the description below the first tab of that sheet also lists any sites that are tidally locked to their local star and in permanent daylight as well as sites that have particularly low gravity conditions just a quick note here to say that the frontier cosmetic store has a limited Halloween themed sale on currently that ends at 2359 on the 30th of October that includes 30% off the trickster and ectoplasm gear sets and Halloween bobbleheads and 20% off of luminous paint jobs you'll also find Halloween themed decals on sale in the store right now the game itself and the odyssey expansion are currently on sale on steam again right now until the 2nd of November at 1700 Greenwich meantime that's discounts of 75% and 65% respectively there's also a limited sale live today until the 1st of November on the elite dangerous merch store that covers some elite themed wool art t-shirts hoodies and mouse mats etc you'll find a link to the sale items for that specifically in the description below it was the frontier frame shift live stream this week and being the spooky season it served the double purpose of not only being a Halloween special but also kicking off the start of this year's in-game Halloween event the live stream hosted by Arthur and Sally featured the usual news and community highlights as well as a catch up with developer max to talk about update 17 and the arrival of the spire sights and the banshee class of thargoid drone the team also revealed that an interim stability patch to the game is planned for around the end of November as the stream progressed it became apparent that it was being occasionally interrupted firstly with distorted sound effects and then by some disturbing images showing the hosts behaving increasingly oddly as the stream reached its conclusion Sally in particular started complaining of feeling ill and then as the hosts were winding up the show and recapping everything they talked about an audio distortion could be heard getting louder and louder until there was a minor jump scare the hosts disappeared and in their stead an in-game character appeared wearing a hood and skull masked outfit that had never been seen before the character pointed at the camera lens before walking off screen and the stream then suddenly cut so far so very very spooky Sally had said on the official forums that Wednesday would be the day that the event went live in the game and sure enough as we mentioned earlier in the show that event has indeed started I won't spoil too much of what to expect suffice to say that if you check your in-game inbox and also take a look at gal net news you'll be directed toward a specific system to get started the opening installment of the event will see you scanning some beacons to retrieve some logs and completing that task will unlock Halloween themed noctual malediction red paint jobs for the anaconda aspects cobra mark 3 and python I was careful to say opening installment of the event Sally said on the forums that it was a week long event and there hasn't been a suitable conclusion to the horrific goings on portrayed I was about to say we're guessing there's likely more to come and as we were going to press a connected community goal has in fact now appeared as we were putting the show together today frontier released the Wraith gear set that was the previously unseen suit that appeared at the end of the Halloween live stream it's available in five different color variations that come in at 6400 arcs each it is as you'd expect fully componentized and can therefore be mixed and matched with components from other gear sets that you may own one of the absolute top tier rewards available to just the top 10 participants in the special event community goal is a version of this Wraith gear set that won't be available to buy until early November it's worth noting that whilst the content for this community goal is all currently at least space-based this is the first time we've seen odyssey specific rewards in a community goal as things stand the goal runs until Wednesday next week will you be visiting an abandoned spy site are you planning on going toe to underbelly with a banshee using mechons guide or will you be following the Halloween event trail and community goal let us know in the comments below that's it for now thanks very much for watching we'll be back later this week with more videos until then oh seven commanders follow the greens on the way out and do keep clear of the toast rack we very much look forward to seeing you next time