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The Tata HBX was originally supposed to launch by end of this year but the ongoing coronavirus scare could postpone the launch to the beginning of next year.
The Tata HBX concept was certainly one of the most important cars at Tata’s stall at the 2020 Auto Expo. And although it might have been overshadowed by the fancy Tata Sierra Concept, it is the HBX that we should be looking at more importantly. Tata had said that the HBX Concept was 97% production ready and we even reported to you with the spy shots of the HBX on test recently. Tata has now confirmed that the final, production-spec mini-SUV, based on the HBX, will see its launch in FY2021 (between April 2020 – March 2021).
The Tata HBX was originally supposed to launch by the end of this year but this ongoing coronavirus pandemic might just push the launch the car to next year. We also expect that the HBX will be the first car to debut Tata’s direct-injection version of the 1.2-litre turbo-petrol engine. The base engine option on the HBX will be the 1.2-litre, naturally-aspirated petrol also found in the Tiago, Tigor and Altroz but the turbo-petrol engine could be offered on the higher-spec models.
The Tata HBX is the second car to be based on the ALFA platform after the Altroz premium hatchback. It measures 3,840mm in length, 1,822mm in width and 1,635mm in height, and has a wheelbase of 2,450mm. To put this size in perspective, the HBX is roughly the size of a Maruti Suzuki Swift, only slightly wider and quite a bit taller on account of being an SUV. The squared-off wheel arches and strong belt line give the SUV a very imposing stance. It even borrows some styling cues from the Harrier like the split headlamp design and Tata’s new ‘Humanity grille’.
The interiors of the HBX Concept at the Auto Expo also looked pretty close to production. In fact, the design is pretty much similar to what we have seen on the Altroz and the new Nexon. In terms of features, the HBX will get a part-digital instrument cluster, automatic climate control and a free-standing touchscreen for the infotainment system.
As for the gearbox options, the engine is expected to be mated with either a 5-speed manual or an AMT gearbox. There will be no diesel engine on offer due to Tata’s decision to axe all small-capacity diesel engines from its line-up. The HBX is based on the ALFA architecture and this platform has been designed with electrification in mind. Inevitably, the Tata HBX will thus see an all-electric version in the future, likely within two years after the petrol-powered HBX goes on sale.
The prices for the HBX are expected to be in the range of Rs 4.5 lakh to Rs 7.5 lakh (ex-showroom). At this price point, the Tata HBX will be up against the Maruti Suzuki Ignis and the Mahindra KUV100. With the introduction of the HBX, Tata Motors will have an extensive line-up of SUVs, including the flagship three-row Tata Gravitas, which is also set to be launched later this year.


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Amazon Announces Kindle Fire is Sold Out
Amazon (NASDAQ: AMZN)—Less than one year ago, Amazon introduced Kindle Fire—combining 15 years of innovation into a single, fully-integrated, end-to-end service for customers. Kindle Fire quickly became the most successful product launch in the history of Amazon.com, earning over 10,000 5-star customer reviews, and is the #1 best-selling product across the millions of items available on Amazon since its introduction 48 weeks ago. Today, Amazon announced that Kindle Fire is sold out, and that in just nine months, Kindle Fire has captured 22% of tablet sales in the U.S.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Boehringer-Ingelheim Vetmedica breaks ground on new warehouse in St. Joseph
- Staff Kansas City Business Journal
The animal health company plans to invest $79 million in St. Joseph, generating 115 new jobs during the next three years, according to a release from the governor’s office. A spokesman said the figures came from Boehringer-Ingelheim Vetmedica.
The official groundbreaking for a 260,000-square-foot consolidated packaging and physical distribution warehouse was Tuesday morning; a related event included a dedication for a new, 100,000-square-foot administration building.
“Boehringer-Ingelheim Vetmedica Inc. is an anchor of the Animal Health Corridor, and this latest expansion in St. Joseph strengthens our state’s standing as a leader in this worldwide industry,” Nixon said in the release.
A separate release from the St. Joseph Metro Chamber said the $30 million warehouse project would create more than 25 logistics jobs by the fourth quarter of 2013 and retain 60 St. Joseph jobs, and the administrative building represented a $22.8 million investment. The company also is making investments at its existing campus, according to the chamber.
The company could be eligible for a state economic incentive package if it meets certain job-creation and investment criteria, Nixon’s office said.
The warehouse will be in the undeveloped part of the Eastowne Business Park; the company will take a long-term lease on the building. The developer is Prudential Summers, Realtors, and the contractor is E.L. Crawford Construction.
Boehringer Ingelheim Vetmedica is a subsidiary of Boehringer Ingelheim Corp.
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Manny Maceda, who leads Bain's Global Transformation practice, discusses the mostly positive sentiments about the global economy expressed by attendees at this year's meeting of the World Economic Forum.
Related video: Manny Maceda on Transforming the Digital Enterprise
More from Bain at Davos 2018 >
Read the transcript below.
MANNY MACEDA: What's surprising about this year's forum is—it's almost the uniform optimism, economically. I would have expected anxiety about a lot of the issues that are challenging the world—the fracturing, globalization, challenge vs. nationalization, perhaps security issues. But at least in terms of business prognosis, expectations, people are using the term here "synchronous growth." Every major region is looking forward optimistically, which probably means it's time for me to get anxious. But right now, out here, the message is it's good times all around the world.


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Apple Computer's newly designed iPod shuffle digital music player is not directly compatible with the USB port on some computers, including the company's own line of iMac G3 and eMac computers, AppleInsider has learned. ...
Smartron S805 Android TV box: Unboxing and first impressions
Office 2016 launching this year, touch apps coming soon
Introducing Windows 10 for phones
NewerTech Wireless Aluminum Keypad Review
NewerTech Wireless Aluminum Keypad
Hands on with HoloLens
Download: Windows 10 build 9926


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Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
Pokémon Go is so popular that it is leading to a number of fan meetups around the world almost by accident, and that led us to wonder about the potential of an official gathering.
The Pokémon Company has considered events like a fan convention before — although it doesn’t have anything solid in the works right now. Consumer marketing boss J.C. Smith, in an interview with GamesBeat, explained that it’s something that could happen, but the organization is also aware of the limits of throwing a physical celebration for the 20-year-old brand that makes $2.1 billion every year. While brands like Star Wars, Minecraft, and Quake all have their own annual conclaves, Smith noted that The Pokémon Company is prioritizing efforts to bring everything it does to everyone around the world at the same time, and that doesn’t jive with a PokéCon.
“We’re open to all kinds of things,” Smith said. “We want to touch as many people as possible. Events are somewhat limited by geography. The number of people who can get there. We like to do a lot more online, celebrate things on the internet, so that people around the world can experience that.”
This isn’t a lame excuse. Instead, this is in line with the company’s recent efforts. The group, which oversees the entire Pokémon brand, has worked to establish a global presence that can speak to fans in dozens of territories and languages at the same time. It doesn’t want to announce something in Japanese first and make other audiences wait.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
“Part of the reason for the international rollout of information is based in that desire,” said Smith. “We don’t want to have small events — small considering that the world can’t all come to it. We try to focus first on how we get our message out most broadly to our fan base.”
While a convention is probably not in the works for any time soon, The Pokémon Company does hold the annual Pokémon World Championships. This event, and the series of competitions leading up to it, pit the best video and card game players against one another. While this is something of a celebration of the pocket monsters, Smith points out that it is exclusive for the most skilled fans — but everyone else can watch them online.
For now, if you want to meetup with other fans of Pikachu and Bulbasaur, you can always try one of the numerous community-led gatherings around Pokémon Go.
— Amber K (@Creamiiart) July 30, 2016
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.


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KLM designer Hella Jongerius - ‘There’s too much shit design’ in today’s society
The designer of KLM’s new business class cabin Hella Jongerius has claimed that the quality in design has been lost and said there is “too much shit design” in today’s culture of mass-produced products.
Speaking at the Indaba Design Festival in Cape Town, for which The Drum is media partner, Jongerius said that the vast creation of cheap products “is really going too far” and called on the design industry to fight for new values.
“I’m fighting for new industrial values, there is too much shit design; we live in a culture where we shop without any conscience for the world. Designers have a responsibility. I need to not only listen to my cultural and aesthetic conscience as a designer but also my environmental and social consciousness. So I have a mission… my plea is for a new awareness and holistic approach.”
Jongerius said that the original values for design have been lost and consequently the quality of products has decreased and become less important.
She blamed this partly on large corporate marketing departments which she said are using “many tricks” in their messaging and omitting any reference to the product.
She questioned who holds the responsibility for "the whole story"and added marketing that doesn't relate to the product "has no benefit".
Jongerius added that the vast creation of “cheap stuff” is having a negative impact on the design industry and that designers should emulate the art sector in their work to enhance a “real and long love” for objects among consumers who today have an insatiable appetite for the “newest of the newest”.


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AMC Entertainment is now accepting more forms of payment at its theaters.
It will now accept cryptocurrencies when making online purchases.
That includes Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
The company had previously announced plans to accept cryptocurrencies by the end of the year for online ticket and concessions purchases.
AMC CEO Adam Aron made the announcement official early Friday morning via Twitter.
Earlier in the week, the company said third quarter revenue came in at $763.2 million, up from $119.5 million for the same period a year ago, with admissions revenue totaling $425.1 million, up from $62.9 million a year ago.
|AMC||AMC ENTERTAINMENT HOLDINGS INC||28.57||-0.43||-1.50%|
AMC narrowed its third quarter net losses from $905.8 million a year ago, or $8.41 per share, to a loss of $224.2 million, or 44 cents per share, an improvement of $681.6 million.


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PlayerUnknown Battleground or PUBG was one of India’s most valued Games until September 2, 2020, when the Indian Government banned it on the grounds of security issues. In November 2020, PUBG Corporation announced that the game would soon be returning with a new avatar as PUBG Mobile India.
Later we also heard that PUBG India Pvt. Ltd. had registered in India with a paid-up capital of Rs 5 lakh. Though an announcement regarding when the game will be officially launching hasn’t been made, PUBG India’s website and social media accounts are carrying a coming soon tag, which is keeping hopes alive.
Has the Indian Government approved PUBG Mobile India?
A popular PUBG mobile creator Luv Sharma or God Nixon, has claimed that the Indian Government has approved PUBG Mobile India. Another pro gamer Abhijeet Andhare also said that the game might be launched in the next two months. But an official announcement hasn’t been made, so as of now, the ban persists.
PUBG Mobile India: Big Update:
PUBG India has published another job posting on the LinkedIn profile after six earlier postings for the newly erected PUBG Mobile India subsidiary, which makes it very clear that the corporation is working hard and the game will soon be returning with a bang in 2021
PUBG job listings:
The job postings include senior marketing manager-India, product manager-India, Associated Director, Publishing business operations-India, Video Editor- India, and Investment& Strategy, Analyst-India.
Until Krafton or the Government makes an official announcement, let’s hope that 2021 welcomes PUBG and the gaming fest begins again.
For more updates, Stay tuned.


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At Least Five Local Justice Stores Closing For Good
Uh oh. Justice, the clothing store for tween girls, will be permanently closing more than 600 of its stores across the country soon, and unfortunately, our several of our local locations are on the list, according to USA Today.
The parent company of Justice (and Lane Bryant, Catherine's, Ann Taylor Loft, and Cacique), Ascena Retail Group, has declared bankruptcy and plans to make Justice a strictly online shop.
Here's the list of our local Justice locations that will be closing permanently:
Quaker Bridge Mall (3320 Route 1, Unit 256)
Hamilton Marketplace (420 Marketplace Boulevard)
Marlton (221-223 South Rt. 73)
Mt. Laurel (12 Centerton Road)
Oxford Valley Mall (2300 E. Lincoln Highway #141)
That's pretty much all of them. The Freehold Mall location isn't on the list, so will still be open.
So, why now? Well, the article states that the stores have seen a decline in foot traffic over the past few years, due to an increase in online shopping. Now, there's even less foot traffic to stores in strip malls and especially indoor malls due to coronavirus restrictions.
Oh boy, I know many families who will be upset to see Justice vanish from the area. It's an experience for girls, with music playing, fashion shows, and lots of accessories to oogle over. Lol.
The silver lining is you're going to get some great deals in stores, before they close for good. Going out of business sales are expected to go on for a month or two.
I know a lot of people like online shopping because of it's convenient, but, it's not convenient when you have to return stuff that doesn't fit, and there's no local stores to return it too. I need to try stuff on, and once I know my size for that store (because every store is different) then I can order online.
Sorry girls....I know you'll miss dancing in the Justice dressing rooms, like my girl does.
KEEP READING: 50 activities to keep kids busy this summer


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It’s official. Adult-use weed is now legal in Missouri. But, that doesn’t mean that recreational weed sales are.
Missouri recently became the 21st U.S. state to legalize recreational cannabis. And if you’re like most cannabis-consuming residents of the Show Me State, you’re likely asking yourself one very important question:
How long until I can buy weed?
The legalization of Missouri recreational weed is a huge deal, and countless Missourians are counting the days until Missouri recreational cannabis sales commence.
When are recreational cannabis sales slated to start, though?
Missouri recreational weed sales could start sooner than you might think.
Check it out.
When Will Recreational Cannabis Sales In Missouri Start?
How long until I can buy weed in Missouri?
If you’re a resident of the Show-Me State without a Missouri medical marijuana card, chances are you’re eagerly anticipating the day you can buy weed in a Missouri recreational dispensary.
According to the Missouri Department of Health and Senior Services (DHSS), that day is coming much more quickly than most anticipated.
Just how soon will Missouri recreational weed sales start?
Pretty darn soon.
By some accounts, recreational marijuana dispensaries in Missouri could be up and running soon after the beginning of the year. Try early February to be exact.
Coming Soon: Adult-Use Marijuana Dispensaries In Missouri & Recreational Weed Sales
Under Missouri Amendment 3, which passed with 53.1% of the vote, current medical marijuana facilities can apply to convert their business to “comprehensive” sales starting December 8. The state must take action within 60 days of receiving these applications, meaning Missouri recreational weed sales could start as soon as February 6, 2023.
Officials expect to approve these applications as soon as Missouri recreational dispensary rules have been filed. Which could technically happen before the 60-day deadline.
According to DHSS spokesperson Lisa Cox, “We anticipate comprehensive dispensaries will be able to begin selling to adult-use consumers as soon as their license is approved for conversion.”
This means that as soon as recreational marijuana dispensaries in Missouri are approved by the DHSS, recreational weed sales can legally take place.
How Long Until I Can Buy Weed In Missouri?
Wondering how long you’ll have to wait to buy recreational weed in Missouri? When will recreational weed sales actually start?
If things go according to plan, you could be smoking legal weed sooner than you might think.
Seeing as the only thing that needs to happen for recreational cannabis sales to start in Missouri is DHSS approval on conversion applications from current facilities, recreational marijuana dispensaries in Missouri could soon be open to the public.
Missouri Medical Cannabis Trade Association spokesperson Jack Cardetti said it’s likely “Missouri will have one of the quickest and smoothest transitions of adult-use sales in the nation.”
Historically, residents in states that have legalized weed have had to wait a while for recreational marijuana sales to start. Take Virginia, for example. Recreational cannabis was legalized in 2021, but recreational cannabis sales aren’t expected to start until 2024 or later.
Even in Colorado, which (with Washington) was the first state to legalize rec weed in 2012, residents had to wait until 2014 to buy recreational marijuana.
These are perfect examples of why renewing your MMJ card even when recreational weed laws are passed is so important.
Missouri recreational cannabis sales could become one of the quickest the nation has ever seen. But, unfortunately, it’s still up in the air. You don’t want to wait around for dispensaries to open to enjoy cannabis.
That said, you should consider renewing your Missouri MMJ card. If Missouri recreational weed sales don’t start as soon as they’re expected to, residents without their MMJ card will be forced to source their product from the illegal market.
While we’re hopeful recreational marijuana dispensaries in Missouri will be opening their doors come February 2023, it’s best to err on the side of caution.
Elevate Holistics: Helping You Make The Most Of Missouri Recreational Weed
At Elevate Holistics, we’re elated about the legalization of weed in Missouri, but that doesn’t mean you should wait around for recreational weed sales to start.
Instead, we want you to benefit from Missouri recreational weed laws as much as you possibly can.
Did you know that under Missouri recreational weed laws, medical marijuana possession limits increased? That’s right. Medical marijuana patients can now possess up to six ounces instead of four in a 30-day period.
Missouri medical marijuana patients will also pay fewer taxes than recreational consumers. Taxes on medical marijuana are 4%, while recreational marijuana taxes are set to be 6%. On top of this, local governments can add a 3% tax.
Basically, this boils down to more weed for less money when you have your medical card under new Missouri recreational weed laws.
Talk about making the most of Missouri recreational weed!
As excited as we are about the legalization of weed in Missouri, we’re also aware that having your medical card can help you benefit from recreational marijuana laws.
Contact us today to see how we can help you renew your medical card or apply for a new one so you can enjoy the legalization of weed in Missouri to the fullest.


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This week when I was at Gartner Symposium 2011, an annual conference for enterprise IT leaders, I posted on Twitter that this event is a traditional stronghold of BlackBerry users so I was surprised to see that well over 50% of the attendees — most of them wearing suits and ties — were now carrying iPhones or Android devices.
This observation was reinforced on Thursday by the release of new research from Enterprise Management Associates. In companies with 10,000 or more users that currently use Research in Motion’s BlackBerry, 30% of them plan to abandon it and switch to another platform in the next year.
“We expected to see some market share loss by RIM, but these results were far more dramatic than we could have anticipated,” said Steve Brasen, EMA’s managing research director.
The EMA currently puts BlackBerry market share at 52% in these organizations that have 10,000 or more users. The anticipated drop in 2012 would decrease that number to 36%.
I’ve said recently that BlackBerry is destined to shrink and evolve into a niche platform for high-security organizations such as governments and others with sensitive data concerns. However, BlackBerry’s massive server outage earlier this month disrupted some users for days and brought BlackBerry’s main value proposition into question since the company and its core users typically argue that security and reliability are the main reasons to stick with BlackBerry.
The platform is becoming almost completely abandoned by consumers because of its lack of software and the fact that it just isn’t as easy to use as iPhone or Android since it makes you dig through lots of menus and preferences rather than just touching and swiping.
As Chris Duckett reported from BlackBerry DevCon this week, RIM announced its next generation operating system BBX, which is an amalgamation of BlackBerry OS 7 and the QNX OS that powers the BlackBerry PlayBook. As I noted in my BlackBerry PlayBook review, there’s a lot to like about the performance of QNX but there just wasn’t a whole lot to do with it because of the lack of software — both from RIM itself and from third party developers.
RIM has two things it needs to do to shore up its base over the next year. First, it will have to improve the app situation significantly. That can be tough on a platform that is perceived as shrinking, but RIM’s can play to its strengths by pitching app developers on the fact that they won’t be drowned out by the crowd the way they are in the iOS and Android app stores. RIM can also take a page out of Microsoft’s book from Windows Phone 7 and simply offer developers incentives to put apps on their platform.
Second, RIM will absolutely need to avoid any more big outages that will further erode trust in the platform’s backend reliability among enterprise organizations. Still, if BlackBerry can do those things and continue to own 30% to 40% of the enterprise market, then the BlackBerry platform will survive. It will likely be a smaller, leaner RIM that runs it, but it could still be a solid business with a vocal niche community of loyal users.


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June 10, 2021
Lead Capture Plugin Product Update
This month, Connect Now released a product update to our Lead Capture Plugin (formerly known as “CNipIT”). The Lead Capture Plugin is now available in a rectangular format, in addition to the traditional circle. Additionally, we’ve added a “Contact Form” option for when salespeople are not available to connect.


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“Earth needs my protection against pollution. I should go green.” Have you ever felt like this?
Well, if you do then Sheets Laundry Club is for you. It is handy, dry, lightweight, and super easy to use. Wanna know more about this magical product? You have come to the right place. Check this out.
Read what happened to Sheets Laundry Club worth and net worth update in brief here.
What is Sheets Laundry Club?
I need to go green. What should be my first move?
You can start your combat against the plastic crisis, by attacking one of the pinpoints of global pollution. The laundry industry. Say ‘No’ to mainstream detergents that use excessive amounts of plastics and say ‘Yes’ to 100% plastic-free detergent product, the Sheets Laundry Club.
Who is the owner of Sheets Laundry Club?
Chris Videau a professional back hawk pilot, is the CEO of the company and in 2018 Chris Campbell got partnered up with him as a co-founder of the company, to fight against the plastic crisis in a way that matters.
So in January of 2020, Chris V. and Chris C. have officially launched the Sheet Laundry Club to the public and their battle continues as we speak.
SHARK TANK UPDATE Sheets Laundry Club
The two Chris’s came into the shart tank offering 5% equity of company for $500,000.
According to Videau, failure to manage plastic disposal properly has caused many injuries in the human respiratory system. He had personally experienced such and now is highly motivated to create a plastic-free world with the assistance of his partner Mr. C.Campbell.
When Daniel asked ‘What were your sales in 2020?’ Videau said ‘in 2020, we did $ 2.046 million in total sales.’ and Lori said ‘WooW’
$1.2 million of their total sales in 2020 streamed from the winning product Laundry Sheets.
‘We also signed up exclusivity agreement with Kimberly Clark’ said Videau and Lori seems a bit worried about it and the Kevin asks ‘do you pay them a royalty?’ and Videau says ‘We do pay the royalty’
Videau explained the main reason for this agreement was the ownership of the technology to manufacture their product, and as long as they pay royalty the patent is exclusive to the Sheets Laundry Club until October 2024. They don’t have a renewal option so the contract will expire.
After hearing all these Barbara says ‘out’ due to the nature of the patent agreement, the range of product variety, and lack of salesmanship. Videau got shocked. Kevin got a deal with ‘Blue Land’, a competitor of Sheets Laundry Club so he also said ‘No’. Lori worried about the offer of 5% equity for half a million dollars so she said ‘this isn’t for me, I’m out’
Sheets Laundry Club is expecting the assistance of a shark to expand globally and Mark thinks that’s expensive. I’m Out’ said Mark.
Shark Tank Deal
Four sharks are out only one remaining and two Chris’s seem heavenly worried. They have started enlightening their plans of reaching $7 million in sales to Daniel.
After hearing those Daniel said ‘I will give you $500,000 for 10% of the company’ and Campbell made a counteroffer of $500,000 for 8% to cope with the pre-set ceiling.
Then Daniel’s counteroffer was $500,000 for an 8% stake and 2% advisory shares. Then the two Chris’ have a silent discussion and said ‘Alright’ with a clap.
Also read: Long Wharf Sweaters which is made of a soft blend of recycled oyster shells, recycled water bottles, and natural lambswool.
What happened to the Sheets Laundry Club After theShark Tank
After Daniel’s shark contract Chris Videau and Chris Campbell got super excited. Daniel has posted on Twitter thanking the military service of Chris Videau after the air date of the episode. Furthermore, Daniel has criticized the risk of the name ‘Sheets Laundry Club’ to his Mexican accent in a teaser video and he also stated that he is happy about his decision.
Apart from that fans have criticized Barbara’s statement of ‘I don’t think either of you sells’ and some have made fun of her by mentioning the sales projection of $7 million for the company.
The Sheets Laundry Club’s net worth in 2022
The original offer of 5% equity for $500,000 makes the original net worth $10 million and after accepting the counter of Mr. Daniel, the net worth of Sheets Laundry Club was reduced to $ 6.25 million.
Competitors of Sheets Laundry Club
Blue Land is going to be one of the main competitors of the company shortly because they have the support of Mr. Wonderful.
Apart from that, the company has Kind Laundry, Tru Earth, Well Earth, and Space White as its competitors.
Sheets Laundry is a 100% eco-friendly detergent product. The company produces alternatives to conventional polymer-made detergents in the market.
Chris Videau is the masterminded entrepreneur behind the Sheets Laundry Club. Chris Campbell joined Videau in 2018 and company was born in January 2020.
The answer is ‘Yes’ Sheet laundry club runs under the patent of Kimberly Clark and they manufacture the product totally in the USA. However, the agreement is about to expire in October 2024 with no extension clause.
It is 100% free of plastic ingredients and totally it is a total biodegradable product made of natural substances mostly extracted from coconut extracts.
Of course ‘Yes’. Daniel Lubetzky offered a $500,000 investment for an 8% stake and 2% advisory shares in the shark tank and Chris Campbel said ‘Alright’
It might be more than $ 6.25 million as the company gained more attention after the show. The company is still operational, so the net worth now may have jumped up.


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The collapse of stock prices into a bear market, rising interest rates, and crazy energy prices mark the end of a decade-long economic pattern that’s made us a little too complacent about the economy. Since the early 2000s, it seemed like the only way to lose money was to leave it in a savings account.
The big question going into a potential recession with high inflation is where your wealth will shrink the least.
Inflation is the alligator closest to the boat, and at 8.6 percent year-over-year, it’s big enough to capsize the economy and take a bite out of our retirement savings. We can debate what is causing the inflation because, as Wall Street Journal columnist Greg Ip pointed out last week, economists have yet to explain it adequately, but here we are.
Federal Reserve Chairman Jerome Powell can’t wait for white papers; his job is to keep the monster from flipping the boat. The Fed’s primary tool is short-term interest rates, and he cranked them up last week.
Powell expects the Fed’s interest rates to rise from 0.25 percent in January to 3.4 percent in December. The world’s most powerful central bank has not raised rates that quickly since the early 1980s, the last time inflation rates were this high.
Similar Fed moves triggered a lengthy recession in 1982, and economists fear a repeat.
“If the Fed continues on a path of aggressive rate hikes, there is a serious risk that it will thrust the economy into a recession, needlessly pushing millions of people out of jobs,” warned Dean Baker, senior economist at the left-leaning Center for Economic and Policy Research.
Other economists think Powell can lower inflation without causing an economic contraction, but the Fed’s track record is poor.
Wall Street investors and business leaders don’t have much faith. Stock prices are down more than 20 percent from their peak at the beginning of the year. Traders determine share price on a corporation’s future earnings, and analysts see lower profits ahead.
The global economy is undergoing fundamental changes that will impact all of us. Economic and territorial conflicts between democratic nations and authoritarian leaders are spoiling the international trade that brought lower consumer prices to the world.
Russian President Vladimir Putin, Chinese President Xi Jinping and Saudi Arabia’s Crown Prince Mohammed bin Salman are happy to sabotage the global economy to advance their totalitarian agendas.
Fitch Ratings, a Hearst-owned financial data company, has revised its global growth forecast from 3.4 percent o 2.9 percent. Analysts expect inflation to remain above 4 percent through the end of 2023.
Other economists predict a recession in the last half of 2022.
So, what do you do?
If you’re waiting around to get a job, get one now with a stable employer. There are two openings for every person looking for work, but those openings will disappear quickly in a recession. Folks in the tech industry are already seeing job offers rescinded.
Reduce your credit card, auto-loan, and, God forbid, payday loan debt. The Fed’s interest rate hikes are trickling down, and mortgage rates are nearing 6 percent. This is a bad time to borrow money and a lousy time to relocate.
Stop spending and start saving. Pandemic benefits and lockdown savings made people feel flush, and we bought a lot of stuff during the pandemic. Since infection rates dropped, we’ve been eating out and traveling.
In April, the average American’s personal savings rate was 4.4 percent of income, much less than the typical 7.2 percent. The last time we spent this much was 2008, just before the Great Recession. Reducing spending and increasing savings not only gives us a personal buffer but also helps ease inflation.
Do not panic sell if you have retirement savings invested in stocks and bonds. Up until this year, almost anyone could make money in the markets by allowing their money to ride. Not anymore.
Rocky economic periods create real winners and losers. Financial strategies should also match an investor’s age, economic status, risk appetite and personal goals. Time to spend a little money on professional advice.
Hire a financial advisor who is a fiduciary, someone who is legally obligated to put your interests first. Pay for a portfolio review to see what to keep and trade.
Every government is working to stop inflation, which means slowing the economy. Recessions are a normal part of the economic cycle, but that doesn’t mean we can’t soften the blow when they come around.
Tomlinson writes commentary about money, politics and life in Texas.


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A Vietnamese consumer goods week kicked off at the Carrefour supermarket in Collégien city of France on November 4, with the presence of Minister of Industry and Trade Nguyen Hong Dien, in the framework of Prime Minister Pham Minh Chinh’s official visit to France.
A research on one-year implementation of the Europe-Vietnam Free Trade Agreement (EVFTA) was launched at a workshop in Hanoi on November 3.
The relations between Vietnam and the US would continue to grow stably in the time ahead, with economic and trade cooperation the centre and key momentum of the bilateral ties, Vietnamese and US officials said.
While foreign investors are keeping an interest in Vietnamese logistics, the country is being urged to take more drastic action to solve existing problems in order to absorb more European investment in particular.
Despite mounting challenges during reopening, foreign companies are still looking to step up investment in Vietnam, encouraged by the long-term prospects of the country and its moves to create a friendlier business climate.
Prime Minister Pham Minh Chinh had meetings with representatives of leading French groups and businesses on November 4 (Paris time) as part of his official visit to France.
Vietnam’s export turnover is estimated to reach US$27.3 billion in October, increasing one percent year on year and the import turnover reached US$26.2 billion, decreasing 1.7 percent.
A workshop discussing opportunities for Vietnamese businesses to increase export of agricultural and aquatic products to Russia and the Eurasian Economic Union (EAEU) was held by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Trade Office in Russia and the Russian trade representative office in Vietnam, on November 2 in Hanoi.
An international seminar highlighting cooperation and development of the Pacific Alliance was held in both in-person and virtual forms on November 3.
Vietnam and Australia will accelerate trade and investment levels from 2021-2025, through a new economic strategy bringing their burgeoning commercial ties into sharp focus.
Nike is committed to investing and expanding production in Vietnam, Chief Sustainability Officer Noel Kinder told Prime Minister Pham Minh Chinh at a meeting on the sidelines of the 26th UN Climate Change Conference in Glasgow on November 2.
Deputy Prime Minister Pham Binh Minh has signed the decision to issue the list of projects calling for foreign investment in the 2021-2025 period.
Eighty-four out of 146 wind power projects signing power purchase and sale contracts with the Electricity Vietnam (EVN) had been put into commercial operation as of October 31, according to a document the EVN had sent to the Ministry of Industry and Trade on Commercial Operation Date (COD) results.
A series of build-operate-transfer power projects are lagging behind set schedules, bringing more challenges for the upcoming national master plan to meet power supply issues.
Vietnamese ministries and agencies have paid attention to supporting foreign investors, including those from Japan, said Fujimoto Masayoshi, Chairman of the Japan-Vietnam Economic Committee.
Vietnam is encouraging European enterprises to invest in environmentally-friendly fields in the country, Minister of Industry and Trade Nguyen Hong Dien has said.
Forty-two out of 106 wind power plants registering for commercial operation received Commercial Operation Date (COD) acceptance as of October 29, according to Vietnam Electricity (EVN).
Despite the significant challenges of the last few months, Nordic companies have remained resilient and committed to building their businesses in Vietnam.
Prime Minister Pham Minh Chinh is to pay an official visit to France from November 3-5.
Domestic businesses are now facing post-pandemic challenges of the price of raw materials that has increased 2-3 times over the same period last year, late delivery, disruptions in logistics and supply chain leading to high transportation costs.


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We are about to start the presentation and Tim Cook is coming out. We are about to start.
Cook is talking about how Apple is leading the post PC revolution.
“In many ways the iPad is reinventing portable computing, and it’s outstripping the wildest of predictions,” Cook says.
76% of the company’s revenues was from post-PC devices. “This is incredible,” Cook said.
They are now showing the Grand Central store in New York City and now Cook is back talking about iOS.
62 million iOS used devices sold in last quarter.
Siri will be available in Japan and other countries next few week.
iOS 5.1 rolling out today!
Movies and TV shows will be now in 1080p in the Apple Store.
A new Apple TV is announced that supports 1080p. It looks like the same packaging.
iCloud is available in Apple TV and able to re-download purchases with a new interface available.
Interface is more like cover flow.
It recommends movies from what you have seen in the past.
Apple TV $99 and will be available next week.
Now to the iPad.
15.4 million sold in the 4th quarter for the iPad. Is being said by Cook.
Cook is giving some data about the the iPad and how it is loved by users.
Today they are announcing the new iPad Cook says.
It looks slimmer from what it looks like on screen and the new iPad has the retina display.
Appleâ€™s Phil Schiller is up to talk about the new iPad. It has a Retina Display. â€œYou are going to see sharper images.â€
â€œEveryone has been wondering who is going to come out with a product that is better than the iPad 2? Stop wondering! We areâ€
The iPad has more pixels than a TV at home is being said about the display.
Talking about the horsepower under the hood of the new iPad to run the retina display with the A5x chip. The x is for Quad Core Graphics.
That is the first new feature they have said about the new iPad. New camera. 5-megapixel sensor, using some of the same tech that’s in the iPhone 4S camera. Schiller throws up a bunch of photos taken on it, and they look pretty good. Includes face detection too.
HD video recording in 1080p on iPad.
The 4th big feature is voice dictation.
5th feature is 4G LTE capable in the new iPad.
It is confirmed it will be in Verizon and AT&T in the US and the iPhone when it is released later this year will be a 4G LTE Phone.
Personal Hotspot is confirmed.Â “This new iPad has the most wireless bands of any device that has ever shipped,” Schiller says.
How’s the battery life? New iPad gets same 10-hour battery life as the old model, Schiller says.Â 9 hours of battery life when on 4G.
The size isÂ 9.4mm and 1.4 pounds. The price of the new iPad starting at $499 for 16GB Wifi only. All the price levels are the same.
March 16 it will be available and pre-orders start today.
They are now showing some demos from developers.
The just showed an art drawing app that looks amazing on the retina display. Will be a great tool for the newly released photoshop and the other Adobe apps coming out soon.
Epic Games is showing a new infinity blade game and the graphics are just as good or maybe even better than the newly released PS Vita handheld.
Epic Games is saying that it has more memory and processing than an XBOX 360.
They are now discussing the new iWork. Garageband and iMovie are getting updates today.
It’s also got a new feature called Jam Session. Up to 4 iOS devices running Garageband can play together over bluetooth or Wi-Fi.
They are talking about the iMovie product.
Movie trailers added into iMovie.Â Works much the same way with a visual storyboard to tell you what clips you need to throw in. Schiller says the big deal is that you can now shoot 1080p video right on the device, then plug it into the app. We’re getting a demo of how these things look.
Now they are talking about the update for iPhoto for iPad.
Schiller says iPhoto lets you do more than the built-in editing tools. You get “Smart Browsing,” Multi-Touch editing, new effects and brushes.Â Can “beam” photos between iOS devices with a new feature called Photo Beaming. There’s also a new feature called Photo Journals that lets you share groups of photos with people.
iPhoto has a new interface and navigation.
Works to support up to 19 megapixels and use multi-photo comparisons.
A mew auto-enhance feature and a horizon fixing tool.
You can touch the photo to darken and lighten the photos.
The new iPhoto has brush tools now to work on the photo’s.
Journal feature photo scrapbook now available on this app. It sends your journal into iCloud and the app is $4.99 and out today.
A video is shown about the iPad and the new features. It is not being call the iPad or iPadHD just simply the third generation iPad.
The video is over and Schiller takes the stage again. The iPad 2 will still be sold and will drop in price by $100 at $399 for the 16GB.
Cook is now back on the stage and showing the new commercial.
Cook is wrapping up the press conference and it looks like we are done and ending with Cook saying there is a lot to look forward to in 2012. Thank you for following today’s live reporting from the Apple iPad announcement.


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Move over Barbie, Ludacris is getting into the toy game in a big way. We recently spoke with the rapper/actor/entrepreneur about his popular Netflix children’s series, Karma’s World. Now, in a partnership with toy giant, Mattel Inc. Ludacris’ media company, Karma’s World Entertainment, has just launched a line of Karma’s World dolls and accessories featuring designs by students at the Fashion Institute of Technology DTech Lab.
Inspired by the animated Netflix series, now in its third season, the new Karma’s World toy collection includes a styling head doll, an assortment of fashion dolls and a singing Karma doll. The toys are available at Amazon, Target, Walmart and other retailers.
If you’re wondering where Karma and her friends get their drip, it’s because a group of students from the Fashion Institute of Technology (FIT) designed a 50-piece collection including jumpsuits, jackets, dresses, swimsuits, and footwear for the collection. The design team included a diverse group of current students and 2021 graduates from FIT’s Fashion Design program. The partnership is part of the school’s ongoing commitment to social equity for people of color in the industry. FIT also recently launched the Social Justice Center at FIT, which plans to address diversity issues in the creative industries by building a pipeline to support BIPOC students on their career paths.
Dr. Joyce F. Brown, president of FIT, expressed the school’s commitment to diversity in a statement:
“It is very gratifying that our students have been part of Karma’s World, a series intended to inspire and connect with BIPOC youth,” she said. “That they were inspired to use their design talent to develop products for this market underscores their exposure to what is possible through FIT’s own commitment to social equity and inclusion—not only for this audience but for the advancement of BIPOC professionals in the creative industries. And we are thankful to Chris Bridges, 9 Story Media Group, and Mattel for their vision and partnership.”
Chris “Ludacris” Bridges, Creator and Executive Producer of Karma’s World, said the FIT students understood the importance of style to Karma and her friends and came up with designs he loves.
“Fashion plays a huge part in Karma’s World; it’s one of the many ways that Karma and her friends express themselves,” he said. “When designing these pieces, it was important to us to partner with creatives who share our commitment to diversity. FIT has really gotten behind our story of empowerment by creating fashionable pieces that are authentic to the characters. I am so proud of what we have done together and I am thrilled that Mattel is featuring these designs in such a big way.”


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Music Gear News
JLS to get Silver Clef
JLS and Scouting For Girls will receive trophies at this year's O2 Silver Clef Awards.
Boyband JLS are to pick up the Newcomer Award at the 35th annual music industry honours, while Scouting For Girls will be named Best British Band.
The self styled 'People's Tenor' Russell Watson has also been named as recipient of the Classical Award at the event.
Receiving news of their win, 'Beat Again' hitmakers JLS said: ""We are so honoured and humbled to be winning such a prestigious award.
"There are so many amazing new artists at present and to be considered, let alone win the best newcomer award is truly incredible. We are so grateful, and delighted to be attending an event that does so much good work. We Love you guys. JLS."
The award winners in the other categories featured in the O2 Silver Clef awards will be announced at the event on July 2.
Categories include: Hard Rock's Ambassadors of Rock, Best International Act, Lifetime Achievement Prize, Icon Award and the Silver Clef Award itself, which is given for outstanding contribution to UK music.
Past recipients of this accolade include Oasis, Eric Clapton, Elton John and Robert Plant.
The awards also traditionally host a charity auction of memorabilia donated by stars, the proceeds of which are donated to the charity Nordoff Robbins.Posted on 28 Apr 2010 16:30 to category : Band / Celebrity News
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Never before has music been so accessible. With social media, tab sites and forums at your immediate disposal, learning your favourite song couldn't be easier.
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The latest entry into the acclaimed microphone brands line-up, the sE8 Small Condenser Microphone packs a big punch despite its diminutive and compact frame.
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Continuing the legacy of Elektron's previous entries, the Analog Four MKII/Analog Rytm MKII marks the beginning of a new era graced with bountiful enhancements


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Chiquita’s plans to move its banana ripening facility from Gulfport, Mississippi to the Port of New Orleans appear to have hit another bump with the company’s new ownership, port president and CEO Gary LaGrange said today.
“We don’t know that it will ever come here at this point,” Port CEO and president Gary LaGrange said, adding that negotiations are ongoing between the port, Chiquita and the state.
Chiquita’s new owners, Safra Group and Cutrale Group, purchased the company at around the same time it moved its cargo operations to New Orleans and was close to signing a lease on a 51,000-square-foot warehouse near downtown owned by Barry Kern. He was out of the country this week and unavailable for comment.
LaGrange said Chiquita’s owners have told the port they are more interested in cargo operations at the port. Cargo movement accounts for 99 percent of benefits to the port, LaGrange said.
The company has also had some issues with congestion at the port.
The state and port had planned to spend $2.6 million on putting structures inside the warehouse that could be used to ripen bananas.
Chiquita officials did not return requests for comment.
Chiquita moved its cargo operations to New Orleans last October. The company comes to the port every Tuesday with a ship and moves about 60,000 20-foot containers per year.
“Chiquita is blowing and going,” LaGrange said.
Other economic benefits have arisen with Chiquita’s presence, he added.
“On the export side, we have gotten to send back down machetes and workers’ boots that are used to harvest the crops,” he said. “That’s going to be some added containers as well that will offset those four jobs we didn’t get in the ripening rooms.”
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QuakeCon 2022 will be an all-digital showcase as confirmed by Bethesda making this the third year in a row that the Quake-centric showcase will be completely digital.
QuakeCon 2022 is set for August 18-20 2022 but Bethesda have also confirmed that they plan to re-introduce a physical Quake show in 2023.
READ MORE: 10 Essential Manga That You Need to Read
The announcement was made on the official QuakeCon Twitter account where Bethesda stated that they were “disappointed to not return to Dallas this year” opting for a purely digital showcase. The announcement went on to say that because of the amount of planning required to host the physical showcase and the time constraints, Bethesda could not confirm a physcial showcase “in a time of uncertainty”.
This year’s QuakeCon will once again be a digital-only event, August 18-20, 2022. pic.twitter.com/UxJTuZDTYJ
— QuakeCon (@QuakeCon) April 13, 2022
“Like you, we’re disappointed to not return to Dallas this year. An event of this size requires months of planning, and in this case, we had to make decisions when there was still too much uncertainty to commit to successfully executing an in-person QuakeCon.”
QuakeCon has been running since 1996 and is a celebration of id Software and Bethesda titles which is also accompanied by a local LAN party for players to battle each other in competitive titles. Typically, the event sees upwards of 10 000 attendees and the decision to move to digital was implemented in 2019 as a response to the pandemic.
The announcement when on to say detail some things of what to expect from QuakeCon 2022.
“The QuakeCon team is already working hard to put together exciting news streaming programming, online meetups, giveaways, charity opportunities, the virtual BYOC, and more, and we will announce more details in June.
We’re committed to returning with our full in-person festival in 2023 and already looking forward to reconnecting with friends, a massive BYOC packed with your latest custom PC [5,193 articles]” href=”https://www.videogameschronicle.com/platforms/pc/”>PC creations, our wild contests, and tons of great new games and hardware for attendees to try out.”


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Clark County wants to ban the sale of dogs, cats, rabbits and potbellied pigs at pet stores.
The County Commission on Tuesday introduced an ordinance amendment to prohibit the practice and approved a business impact statement, which suggested a one-year grace period for the affected pet stores to adapt to the new rule.
The proposal would allow retailers to provide space in their stores for rescue organizations or shelters to offer those animals for adoption, “which may continue to spur business for their other retail merchandise,” according to the county.
A public hearing for the proposal was scheduled for Nov. 1.
The purpose of the ordinance, according to the county, is two-fold: to better regulate the sale of such pets, taking on the black market for animals bred at “puppy mills,” and to help relieve packed animal shelters, according to the agenda item.
The embattled Animal Foundation shelter last month reported that its animal intakes were up nearly 50 percent compared with the previous two years, a historic trend being exacerbated by the pandemic.
“One thing is clear, there is no excuse to breed animals for retail sales, while we have thousands of wonderful animals already here ready to be adopted into loving homes,” Casey Kern said during public comment.
Commissioner Michael Naft introduced the proposal in June.
The board then asked staff to conduct an analysis and draft the ordinance.
The county also publicized the proposal in media, and contacted 458 related businesses and chambers of commerce, Jim Anderson, the county’s chief of code enforcement, told the lawmakers.
A business impact statement is designed to “minimize the impact this ordinance will have on businesses,” the county said.
Out of eight responding parties, seven opposed the ban, citing “significant and negative impact on their business,” he said.
Puppy Heaven, a California-based pet store, sent a letter noting that a similar ordinance had driven it out of business in that state.
“Puppy Heaven has many customers who are looking to purchase a puppy as a support dog… and need a particular breed of a puppy for such a purpose which cannot be found at a shelter,” the letter said. “…eliminating puppy retailers will have a significant adverse economic impact. Retailers will be forced to shut down causing both the retailers and all of their employees to become unemployed.”
The Puppy Corner made similar arguments, adding that an overwhelming number of dog sales are already conducted outside pet stores.
“A ban is not the solution as other counties and states that have passed similar bans are now reporting overpopulation in their shelters as well as families acquiring sick pets through unregulated sources,” its letter said.


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Cabo Delgado’s business community is confident about the gradual return to sanctuary and the reopening of access roads to areas affected by terrorism, but expects government help to rebuild destroyed infrastructure.
Democratic Republic of Congo’s government is currently proceeding with the process of reviewing its $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts. Read more.
Seychelles’ Broadband network and digital services will soon get a boost from a new cable system to be leased by Seychelles-based telecommunications provider Intelvision Limited with support from IFC. Read more.
The implementation of a €6.8 million project is in progress to renovate the priority cross-border infrastructure and equipment at selected border points between Zambia on one hand and Malawi, Zimbabwe and Tanzania on the other. Read more.
Seychelles will welcome the return of vessels with a maximum of 300 passengers for the 2021-2022 cruise ship season from mid-November, said a top official, the first port calls to the island nation after an 18-month blackout due to COVID-19 restrictions. Read more.
The International Monetary Fund (IMF) executive board has approved $105 million under the Extended Fund Facility for Seychelles with an immediate disbursement of $34.26 million. Read more.
Tanzania’s Prime Minister Kassim Majaliwa has announced that the government is finalizing negotiations with South Africa to export avocados to the latter. Read more.
The recent studies is Rwanda shows that ,in Kigali City, there is a shortage of over 30,000 dwelling units out of 31,279 units in demand every year as urbanization grows in the central African country. Read more.
The Bank of Tanzania (BOT) Monthly Economic Review – June 2021 indicates that during the year ending May 2021, the value of exports of goods and services declined by -11% during the same period in 2020, largely attributed to a decrease in travel receipts. Read more.
The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania to boost the transformation of 90 indigenous small and medium enterprises and 10 aggregated micro operators into franchise brands and sustain a thriving franchise system. Read more.
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term. Read more.


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Google I/O 2016 site is live, registration begins March 8
If you’ve been wondering when registration will be kicking off for Google I/O 2016, you’re in luck — the I/O 2016 website is now live, and it brings us some new and important details. Registration for the developer conference begins next Tuesday, March 8th at 9AM PST, and will remain open until 5PM PST on Thursday, March 10th. Much like recent years, Google will randomly select applicants once the registration period is up. Selected applicants will get an email from Google with more details.
To apply, you’ll need to sign in with a Google account to begin the application. Upon completion, you’ll get a confirmation email soon thereafter. Oh, and if you’re one of the lucky ones that gets selected, you’ll also need a pretty big amount of money to pay for your ticket. General admission tickets cost $900, and academic admission tickets cost “just” $300. You’ll only be able to purchase one ticket if your name gets selected, and you can request a refund until April 29th if your plans change.
Google I/O will take place in its own backyard at the Shoreline Amphitheater in Mountain View, California from Wednesday, May 18th through Friday, May 20th. We’re expecting to see quite a few major announcements at the conference, possibly including Android N, updates to Android Auto, Android Wear, and much, much more.


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Tech startup VocaSee today launches a platform for the automatic transcription and captioning of video and audio clips with high accuracy in a bid to become the world’s go-to platform for automatic speech transcription. The Israel-based company uses patented technology […]
Archive – Browse all of StartUp Beat’s past stories/posts.
StartUp Beat has relaunched to take a new and improved look at startups from around the world. We will continue to profile the world’s most innovative early-stage startups through company pitches, interviews and guest columns from entrepreneurial experts. StartUp Beat is now based in Medellín, Colombia, one of Latin America’s burgeoning tech hubs.


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Pearson’s adjusted operating profit also rose by 13% to £858m on revenues of £5.6 bn and the company beat analysts’ forecasts.
The company said that digital products and services generated 31% of the company’s sales.
Chief executive Marjorie Scardino says that the company “seized the opportunity to take share in a tough climate, and we increased sales and profits while investing heavily in the future.”
Pearson credits its results to long term investment in organic content; its digital products and services businesses; international expansion and efficiency gains achieved by “overall scale and centralised operations.”
Focusing on FT Group, Scardino says that the business has “significantly shifted towards digital and subscription revenues”
The Group has invested steadily in global and digital businesses including the Financial Times, FT.com and Interactive Data and in 2009 .digital products and services accounted for 73% of FT Group revenues, up from 28% in 2000.
Reliance on advertising has scaled back and it made up 19% of FT Group revenues, down from 52% in 2000.
The group has sold its largely print and advertising-based national media companies, such as FT Deutschland in Germany, and bought digital businesses with international opportunities, such as Mergermarket and Medley Global Advisors.
Scardino says: “Looking ahead, we believe that the FT Group’s premium and global positions, combined with our digital and subscription businesses, put us in a good position to weather tougher economic conditions.
Scardino stressed in a conference call on Monday that the FT is a “pretty integral” part of Pearson. Shares have risen on the back of the results to 930 pence today (1 March).


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There is no question that the future of payments is digital. Considering the speed of the continued technological advancements in today’s world the Cave Shepherd Card Team is working assiduously to deliver innovative products and services to the Barbadian market, and by extension our valued Cave Shepherd Cardholders. The launch of the new Cave Shepherd Card Mobile App offers micro and small business owners a new digital method for collecting customer payments using their preferred device. This new service is easy, secure and convenient and most of all backed by Cave Shepherd & Co. Limited, a respected household name.
With the Cave Shepherd Card Mobile App, micro and small business owners now have an affordable alternative to the traditional Point of Sale solutions. This innovative payment solution reduces the need for unwarranted clutter at business establishments, while offering greater flexibility with mobile payments from all Cave Shepherd Cardholders.
Available in both the Google Play and Apple App Stores, the Cave Shepherd Card Mobile App includes special Person to Person Transfer features, in addition to a Mobile Payments platform. As a registered Cave Shepherd Card Mobile Partner, business owners will have the ability to process digital sales, initiate refunds, view In-App transactions, access account summary and gain immediate access to funds and account balances in real time.
From the comfort of their home, micro and small business owners can sign up to become a Cave Shepherd Card Mobile Partner by registered at www.caveshepherd.com, which also allows for electronic upload of all required Know Your Customer (KYC) documentation. Within a matter of two business days, micro and small business owners can be equipped to access payments from over 34,000 Cave Shepherd Cardholders.
Interested business owners are invited to join our growing list of Mobile Partners. Additional information can be found at www.caveshepherdcreditcard.com or by reaching out to our Business Development Officer, Gail Welch at 629-4430 or email at [email protected] to arrange a demo of the Cave Shepherd Card Mobile App.
Cave Shepherd Card is pleased to help pave the way for digital payment transformation across the Barbados payments industry.


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The announcement of high-end servers by IBM and Hewlett-Packard this week won't halt declining Unix server sales as the onslaught of x86 servers continues, analysts said on Tuesday.
IBM this week launched four Power servers that are based on its latest Power7 processor, which will support the Unix and Linux operating systems. Hewlett-Packard said it would incorporate Intel's latest Itanium chip into its Integrity servers, which will also support the Unix OS. Both the chips offer twice the performance of their predecessors, while expanding features to deliver better system reliability and uptime.
But even the new chips will have little effect on reviving the declining sales of Unix servers, analysts said. Customers are increasingly opting for servers based on x86 chips, which are getting more powerful and entering markets traditionally dominated by Unix servers.
The Unix market -- including hardware and applications -- is considered to be flat or falling with the onslaught of x86 servers into the server arena. During the third quarter of 2009, IBM was the leader in Unix server revenue with 39.5 percent market share; HP was a close second with a 29.2 percent market share. During the quarter Unix server revenue declined by 23.4 percent to $2.8 billion compared to the third quarter of 2008, according to IDC.
A lot of customers are switching to x86 servers because of lower hardware and software costs attached to acquiring and maintaining the systems, said Jim McGregor, technology strategist at In-Stat. Unix servers may offer better system performance, but they are relevant for a limited set of applications, McGregor said. Comparatively, the x86 servers have broken away from their reputation as weak performers and are now capable of running a plethora of high-end applications, McGregor said.
The Unix market remains a niche for tasks like financial processing that require high-end performance, McGregor said. Some companies invest a lot in the software for Unix servers and may stick with the existing infrastructure instead of switching to x86 servers.
But tying companies into specialized software stacks is pushing the Unix market into a corner, McGregor said. Companies are seeking flexibility and can easily acquire x86 servers off the shelf, he said. The expanding x86 software infrastructure is also a good reason for many companies to switch, analysts said.
Traditional x86 chips don't offer the RAS (reliability, availability and serviceability) features to maintain high server uptime, said Charles King, principal analyst at research firm Pund-IT. But the line is blurring as the x86 chips becoming increasingly powerful and capable, King said. There's a continuing move upward by Intel and Advanced Micro Devices, whose chips are now being used in supercomputers to process complex math calculations.
It will be interesting to see the impact of Intel's eight-core Nehalem-EX servers on Unix servers, King said. Intel claims that the Nehalem-EX server chip will be its fastest chip to date, and could push x86-based machines into the territory of high-end servers. The chip has drawn features like error correction from Intel's high-end Itanium chip.
But Unix servers will continue to maintain their reputation as robust servers for mission-critical tasks, analysts said. IBM will maintain its stronghold in the mainframe space with the Power7 servers, and HP will continue to offer Integrity servers with the Itanium chip as long as they make money, King said.
During the Power server launch, Rod Adkins, senior vice president of IBM Systems and Technology Group, said that as data collection increases, the need for faster and reliable Unix servers will grow. The Unix server market is expanding to the tune of billions of dollars, and Power systems will continue to rule the space, he said. IBM is also providing more aggressive pricing options for Unix servers to compete with x86 servers.
"The Unix market is a pretty sizeable and healthy market," Adkins said.
HP and IBM have also been successful courting customers of Sun, whose chip development program is in disarray after its acquisition by Oracle, Pund-IT's King said. Sun has provided little guidance on where its Sparc chip development program is headed, raising concerns with customers that its chip development has stalled.
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73 percent of respondents agree industry standards are imperative for technological innovation, according to a new survey conducted by the Open Connectivity Foundation.
Beaverton, Ore., – February 22, 2017 – The Open Connectivity Foundation (OCF), a leading Internet of Things (IoT) standards body, today announced the results of a survey conducted at CES 2017. After surveying 250 respondents, the results conclude that more than 60 percent of respondents consider standardization and interoperability when it comes to purchasing connected devices, cybersecurity concerns, and overall technological innovation in our society.
The IoT market is growing and changing rapidly, but the lack of industry consensus on open standards and protocols hinders that growth. Without seamless interoperability among connected devices, regardless of brand or manufacturer, the Internet of Things cannot reach its full potential. However, consumers are beginning to recognize the need for open standards to allow IoT to integrate into our lives and improve our society.
“These survey results are a clear indicator that the issue of interoperability has come to the forefront of consumer concerns when it comes to IoT,” said Joonho Park, executive director of OCF. “With a unifying standard in place, which provides a consistent standard of security, privacy and device definitions, we can defragment the market to ensure the future entails a world where all devices, despite vendor, can communicate with one another and the Internet of Things can reach its full potential.”
Key findings from the survey include:
The IoT industry is growing rapidly:
• 67 percent of respondents said they currently own three or more connected devices
• 80 percent of respondents said they plan to buy a connected device in the next six months
• 54 percent of respondents prefer their devices and appliances connect to the internet
Interoperability is a main concern for consumers:
• 63 percent of respondents said it’s very important their devices interoperate and communicate seamlessly
• 37 percent of respondents said lack of interoperability is the biggest limiting factor to universal adoption of connected devices, while 25% said security and privacy concerns
Consumers recognize a need for industry standards:
• 73 percent of respondents said industry standards are very important to technology innovation
• 60 percent of respondents said they would be much more likely to purchase connected devices if there was a security certification
The full survey findings and insights can be found here: https://openconnectivity.org/news/ocf-ces-survey-report
About Open Connectivity Foundation
Billions of connected devices (devices, phones, computers and sensors) should be able to communicate with one another regardless of manufacturer, operating system, chipset or physical transport. The Open Connectivity Foundation (OCF) is creating a specification and sponsoring an open source project to make this possible. OCF will unlock the massive opportunity in the IoT market, accelerate industry innovation and help developers and companies create solutions that map to a single open specification. OCF will help ensure secure interoperability for consumers, business, and industry. The AllSeen Alliance now operates under the Open Connectivity Foundation. For more information, please visit www.openconnectivity.org.
Blanc & Otus


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Azerbaijan, erstwhile member of the now dissolved USSR, is taking another step closer towards cryptocurrencies and Bitcoin.
Earlier, in September 2015, it was reported by Cointelegraph that Azerbaijan was actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manat.
Now, Azerbaijan is getting its first Bitcoin exchange service. BTC.AZ will be the country’s first BTC exchange services provider, and will also provide educational material on Bitcoin in the local Azerbaijani language. They are expected to begin their services by the end of February 2016.
Cointelegraph interviewed Tabriz Aliyev, co-founder of BTC.AZ to hear more about the state of Bitcoin in Azerbaijan, and his hopes for its future.
Cointelegraph: What are all the services BTC.AZ will provide for Bitcoin enthusiasts?
Tabriz Aliyev: We have prepared a 3 step plan for our company:
- We will start by educating local people about bitcoin and blockchain. Tell them how the system works, what are the pros and cons of using bitcoin, and also the risk of owning bitcoins. There is a lack of information material about Bitcoin in Azerbaijani language, and we are planning to focus on this issue by translating and issuing accurate information for local people.
- We will act as a dealer by providing customers a service for buying and selling bitcoins through us. The payments options will be cash and credit cards.
- In the future, when there are enough participants in the market, we will match the individual buyers and sellers.
CT: What is the attitude of people towards Bitcoin and blockchain in Azerbaijan?
TA: There are only a few people who really have heard of Bitcoin, and even less who understand what blockchain technology is. The concept of decentralized currency is something very new not just for Azerbaijan but for the whole world. Since people don't really understand it, they tend to be skeptical towards it. It will take time for people in Azerbaijan to learn and really understand how Bitcoin and blockchain work and what they represent.
CT: Do you think that the Bitcoin market in Azerbaijan is growing?
TA: We don't expect it to be a big market anytime soon, but as Bitcoin grows into mainstream around the world, we believe Azerbaijan should not lag behind and bitcoin exchanges and businesses should also develop in line with the expansion of bitcoin.
CT: What is the legal status of Bitcoin in the country?
TA: From our research we found that there aren’t any specific regulations related to Bitcoin in Azerbaijan. We concluded that it's unclear whether Bitcoin is considered a currency or an asset by the government. But it should be noted that according to the law any other means of payment other than Azerbaijan Manat is prohibited within the country. As a business you can't accept bitcoins for your products and services, but buying and selling bitcoins is not prohibited.
CT: What would Bitcoin mean to Azerbaijanis?
TA: 2015 had been a bad year for Azerbaijani Manat as it was devalued two times in a single year. The Central Bank of Azerbaijan devalued the national currency against the US dollar 33.5% in February and 47.9% in December. I believe for some people bitcoin could serve as a way for storing their wealth.
CT: It has been 7 years since Bitcoin was first launched. What had stopped others or you from starting a bitcoin exchange service until now? What changed?
TA: Even though bitcoin has been in existence for 7 years, I don't think it has really gone mainstream yet. The lack of regulation has been probably the major block for other people to launch bitcoin services in the past. I think 2016 will be a big year for bitcoin and I expect Azerbaijani government will also issue a necessary law to regulate bitcoin activities.


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"There is still about a year's worth of supply of excavators" available for sale in China, Ann Duignan, an analyst at J.P. Morgan, said in an interview after the event. Even if sales of excavators start to recover this year, she said, production should be down 30% to 40% from 2012 as dealers work through inventories.
The weakness of the Chinese market, following soaring production in 2010 and 2011 when sales there were hot, has been weighing on the results of numerous equipment makers, including Caterpillar Inc. CAT -1.27 % of the U.S. and Komatsu Ltd. KMTUY 0.92 % of Japan. It also has hurt makers of equipment parts, such as Cummins Inc., CMI -1.06 % a U.S.-based producer of engines.
David Phillips, managing director of Off-Highway Research, a London-based consulting firm, forecast during the conference that global sales of construction equipment this year will total $97.7 billion, about the same as in 2012. China sales will rise 6.6% to $25.9 billion this year but remain far below the 2011 peak of $37.1 billion, he predicted.
A scramble by foreign and local companies into the Chinese market has resulted in towering overcapacity. Mr. Phillips estimated that China last year had capacity to build 460,000 crawler excavators, more than four times 2012 sales. Loose financing practices have resulted in a high rate of repossessions, which put more equipment back onto the market.
Off-Highway said Sany Heavy Industry Co. 600031 0.00 % of China had the largest share of the Chinese market for excavators last year, with 11%, followed by Komatsu at 8%. Hitachi Construction Machinery Co. 6305 -0.49 % of Japan and Caterpillar were tied for third at 7%.
Write to James R. Hagerty at firstname.lastname@example.org


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Market Basket continues to lose up to $10 million per day, according to the Boston Globe, since Arthur T. DeMoulas was fired and the workers went on strike in late June. As loses mount, the pressure on Arthur S. and his side of the family continues to rise.
The Governor of Massachusetts, Deval Patrick, has reported the parties are close to an agreement to sell the other 50.5% of Market Basket to Arthur T. and has asked employees to return to work. Governor Patrick’s call for an end to the strike is premature, as no deal has been announced.
A deal to sell Arthur T. the other 50.5% of the company may not be in the best interests of the strikers either. Such a deal would likely be financed almost entirely by debt incurred by the company, and we have seen all to often how highly leveraged companies struggle to survive. Since a highly leveraged Market Basket would have to pay a substantial amount of money to meet its ongoing debt payments, there will be fewer profits to distribute as bonuses or profit sharing to the employees. With higher debt payments to make, Market Basket will also have less money to invest in growth and to invest in maintaining its current stores. Prices are likely to go up to offset some of the added costs. In other words, many of the reasons Market Basket has been successful – highly motivated employees dedicated to customer service, low prices, and well maintained stores – would be directly affected by a high amount of debt. Arthur T. may end up with his side of the family owning 100% of the company, but also potentially forced to cut back on the programs that made him so well liked by employees.
A better scenario would be to sell Market Basket to its workers. As a privately held company, reliable information on its finances is hard to find. There are 71 stores, with a total of 20,000 to 25,000 employees depending on the source. Annual revenues are reported to be in the range of $3.5 billion to $4 billion a year. The Boston Business Journal cited the sale of Harris Teeter to Kroger last year for $2.4 billion as one potential benchmark for the valuation of Market Basket.
Using those rough numbers, that would mean it would cost each employee an average of $100,000 to buy out the company completely. That may seem unattainable, but keep in mind that workers wouldn’t have to buy 100% of the company right away, just enough to put the CEO they want into place, Arthur T. If each employee were to put $1.00 an hour in deferred raises or wage reductions into buying stock, they would own over $2,000 in additional stock each year. Over several years, even the lowest paid employee could accumulate a significant share.
There are three main benefits to workers buying Market Basket: (1) the tax savings to the current owners by selling to an Employee Stock Ownership Plan (ESOP); (2) the reduction in the amount of debt needed to complete the transaction; and (3) the long term ownership by the employees when Arthur T. eventually decides to retire.
Employee ownership of a grocery store chain is not unusual. According to the National Center for Employee Ownership (NCEO), grocery store chains that are majority owned by employees include: Publix (160,000 employees), Price Chopper (23,000 employees), WinCo Foods (15,000 employees), Brookshire Brothers (5,600 employees, 100% owned), Harp’s Food Stores (4,000 employees, 100% owned), Homeland (3,740 employees, 100% owned), and Piggly Wiggly Carolina (3,000 employees).
Market Basket workers and the extended DeMoulas families have a unique opportunity to turn this difficult time into a positive result. By gradually selling to employees, the family has an opportunity to wind down its feud, the workers get to invest in themselves and their company, the company doesn’t get overburdened with debt, and the customers get to return to grocery stores that offer low prices and excellent customer service.
If such a deal can be reached, the short-term crisis can be resolved, but further steps ought to be taken: (1) employees should form a union; and (2) workers should plan to transition to a more equitable cooperative structure once they achieve majority ownership. As we have to often seen in the past, an ESOP becomes an important tool to save and/or invest in the company, but the ownership of shares doesn’t necessarily create a stronger “ownership” of the business in the sense of accountability and participation.
Why form a union? Market Basket workers have already taken part in an extended collective action and seem to be succeeding without a union, right? Although many workers have been able to find work elsewhere, many appear to not be so lucky. By pooling resources, aka dues, unions are able to provide at least some money and benefits to striking members that need it the most. Unions are also able to hire experts, such as attorneys and financial analysts, to advise and assist members in such difficult situations. Without a union, striking Market Basket workers have none of these resources.
Another reason to have a union, even when employees own the company, is that the collective bargaining process helps to keep management accountable and due process language helps to ensure workers are treated fairly. Having a union helps to ensure that “ownership” will mean more than just the value of a share.
As the situation at Market Basket continues to gain national attention, it has also created a unique opportunity to consider how we want companies to be managed and how we want them to be owned. Too often we have seen the greed of the bottom line overrun the lives of the workers and the needs of the community. Let’s help Market Basket workers continue to make history and support an employee buyout.
One thought on “Sell Market Basket to Workers”
Very well put and interesting proposal.