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Chef and restaurateur Chad White is closing his two High Tide Lobster Bar locations in Spokane because the price of lobster is no longer viable for his business and consumers, White said Sunday morning.
“We will remain open until we run out of product, but I anticipate that Monday or Tuesday will be the end as all purchases from our vendors have been halted,” White said.
White said he operated High Tide with margins well below industry standards hoping prices would come down; however, they have only increased. The current wholesale price for high tide lobster is over $64 per pound.
The industry standard for food cost percentage at a seafood restaurant is around 29% to 33%, which means that to hit that benchmark, White would have to sell his lobster roll for $59 per roll, he said.
“The majority of our consumers won’t pay for this, and I don’t blame them, nor do I want to charge for it,” said White, who grew up in the Spokane Valley and appeared on season 13 of “Top Chef” on Bravo. .
Last summer, High Tide introduced a few new menu items, including the Shrimp Roll, Spicy Yellowfin Tuna Roll, and Scallop and Bacon Roll, each at $16 a roll to bring down the price of menu.
However, customers simply paid the higher price for the lobster or left empty-handed — and most have something negative to say about the hole it left in their wallets, White said. The lobster roll when High Tide opened in 2019 was $16; it’s currently $38 based on the cost of the lobster.
“I worked hard to get the High Tide Lobster Bar trademark with the intention of expanding into overseas markets,” White said. “Hopefully I can eventually get it back on the market when lobster prices and the supply chain stabilize.”
White said his team is working on fun, casual new concepts that will meet the demand that accompanies the region’s multiple sports venues, office tenants and families and caters to a wider demographic.
“The Numerica Building gateway location and the Wonder Building location have been incredible opportunities, and I am committed to being part of their growth and success,” said White. The Numerica location, at 502 W. Riverside Ave., temporarily closed in June.
“I am extremely grateful for the support of our community over the past two years, and look forward to bringing the same level of quality to them with exciting new restaurants,” said White. High Tide in the Wonder Building at 835 N. Post St. is open 11 a.m. to 8 p.m. Sundays, Mondays, and Tuesdays.
White said he plans to reopen both locations with new designs in early summer. Chad White Hospitality Group also includes Downtown Zona Blanca and TT’s Old Iron Brewery and BBQ in the Spokane Valley.
White announced last month that he was opening the Uno Mas taco shop in the Spokane Valley in mid-March.


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Busy Bee Hardware, Eastern Market icon, closing
Busy Bee Hardware, an Eastern Market staple with colorful outer walls, put up a sign Tuesday that advertised something new for the 100-year-old store: Going Out Of Business.
The store, at the corner of Gratiot Avenue and Russell Street, will sell its inventory and close for good in July, said Richard Crabb, who owns the business with his sister Sandra Novak. In 1917, their grandfather bought an existing hardware store at the corner and renamed it Busy Bee. Their father eventually took over the business before passing it on to his son and daughter.
“It was kind of heart touching when I put up the (going out of business) sign,” Crabb said. “But it’s time. Let someone else appreciate and use this corner.”
He wouldn’t say who bought the property, which includes five adjacent buildings and a parking lot. Crabb said the sales price was “somewhere near” $2.6 million. The new owner plans to adapt the property for mixed use, which could include retail, office and residential, he said.
Crabb, 61, cited failing health and the changing nature of Eastern Market, the neighborhood anchored by one of the largest historic public market districts in the nation.
The sale comes at a time when Eastern Market is among the parts of “greater downtown” that’s seen an influx of new investments. Busy Bee increasingly finds itself surrounded by upscale restaurants, art galleries and residential.
Last year, the nonprofit that runs the marketplace unveiled a master plan that calls for expansion plans for the area and hopefully spark hundreds of millions of dollars in business growth over the next decade.

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Facebook has been called out for allowing a number of tech companies, including smartphone manufacturers, access to a sea of data about its users.
Reports claim 60 device manufacturers, including the likes of Apple, Samsung, Microsoft and BlackBerry had partnerships with Facebook allowing them access to user data. In return, manufacturers could offer customers features like messaging or the 'like' button.
The problem with the deal, however, is that it breaks compliance with the 2011 consent decree from the Federal Trade Commission (FTC), and means that manufacturers could also access the data of users' friends, without their unequivocal consent.
According to the New York Times, some device makers could get data from users' friends that believed to have blocked any and all data sharing.
These partnerships are still active, even though Facebook started toning them down a few months back.
“These partnerships work very differently from the way in which app developers use our platform,” said Ime Archibong, a Facebook vice president. Unlike developers that provide games and services to Facebook users, the device partners can use Facebook data only to provide versions of “the Facebook experience,” the officials said.
Different companies said to have been using data for different purposes. Apple, for example, says it used the partnership to allow its users to post photos to Facebook without actually bringing up the app. BlackBerry said the deal was used to give customers access to their Facebook networks and messages.
- Looking to keep your usage private? We've also highlighted the best VPN services of 2019
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Sead is a seasoned freelance journalist based in Sarajevo, Bosnia and Herzegovina. He writes about IT (cloud, IoT, 5G, VPN) and cybersecurity (ransomware, data breaches, laws and regulations). In his career, spanning more than a decade, he’s written for numerous media outlets, including Al Jazeera Balkans. He’s also held several modules on content writing for Represent Communications.


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Offshoring will flatten wages in the United States and other advanced economies.
Global labor arbitrage — the practice of constantly replacing expensive labor in one location with cheaper labor in another — has been a cornerstone of corporate strategy for more than a century. This strategy matured over the past decade as technology and higher levels of development in the low-wage nations enabled their workers to take on service jobs and knowledge work; no longer is the practice limited to low-level production jobs. As developing countries provide an increasingly skilled workforce, developed nations’ ability to differentiate themselves is dissolving, and the companies operating in those countries no longer need to pay their workers a premium. The most widespread and lasting impact of the maturation of global labor arbitrage is the decline in real wages in the developed nations. CFOs of U.S. companies can prepare now for a permanent resetting of wages for many workers in the upper salary ranges.
Increased global competition and low pricing power are driving the more aggressive forms of arbitrage: overseas sourcing, offshoring and foreign direct investment. In the IT industry, these practices are already moving into their second generation; Indian companies that took work from the United States and Europe are now offshoring less-skilled jobs to lower-cost locations such as China and Malaysia. IT wages in the United States dropped by an average of 3 percent in 2004.
Although corporations around the world increasingly practice labor arbitrage, most are still reluctant to call it what it is. TeleTech Holdings Inc. is one of few companies that use that term. The Englewood, Colo.-based company operates 66 customer management centers (CMCs) staffed with 33,000 employees spread over 16 countries, including 10,000 in the low-wage regions of Asia and Latin America. “TeleTech was one of the first customer management providers to successfully implement a labor arbitrage strategy more than 7 years ago,” says Dennis Lacey, executive vice president and CFO. “Since then, we have expanded our labor arbitrage strategy globally, providing our clients high-quality, lower-cost customer management solutions in various languages and from many countries, including India, Argentina, Canada, Mexico and the Philippines.”
Call-center workers in low-wage regions make 10 percent to 12 percent of what U.S. call-center workers earn, according to Datamonitor. That firm predicts wage inflation in the offshore markets and wage deflation in the United States as more call-center jobs move abroad. “Labor-arbitrage customer management centers have a lower cost profile than comparable CMCs in the United States, which lowers the overall cost to serve,” Lacey says. Although wages in the United States have flattened, wages in India and the Philippines are rising rapidly. “Wage inflation is a natural component of a growing and evolving industry, particularly in developing countries,” he notes.
Expanding Cost Differential
The labor cost differential between the developed and developing nations is so large that rapid wage increases in the developing nations will not reduce the cost savings created by global labor arbitrage for the foreseeable future. According to industry analysts at The Boston Consulting Group Inc., wages will rise 5 percent to 10 percent annually in the developing nations that attract offshoring and 1.5 percent to 2.5 percent in the United States, Japan and most of Europe.
However, the labor cost advantage in the developing nations will actually expand in the short term. If wages in China continue to rise at their current average of 8 percent annually, the average production worker will still earn just $1.27 an hour in 2009, a 47 cents-an-hour increase over 2003, compared with $25.34 per hour for a U.S. worker — $3.48 per hour higher than in 2003. The savings on labor costs for U.S. companies that use Chinese workers will rise from $21.06 per hour in 2003 to $24.07 in 2009.
Real wages will grow rapidly in the developing countries at the forefront of the offshoring movement, according to Robert E. Kennedy, executive director of The William Davidson Institute and professor of business administration at the University of Michigan’s school of business in Ann Arbor. “But this is good for the United States,” he notes. “Ask yourself: Is the U.S. better off if the average Indian makes $500 per year or $5,000? The obvious answer is $5,000 — India’s cost advantage would be lower, and Indians would have more income to spend on U.S. goods and services. If you walk around offshoring complexes in India, China and Indonesia, you see that they are filled with U.S. computers and telecommunications equipment, that the workers spend the day surfing U.S. Web sites, and that they aspire to U.S. educations and holidays.”
Lower labor costs abroad will continue to drive trade, foreign investment and offshoring, despite protests by the workers who are displaced in the developed nations. “Everyone who uses a General Electric product benefits from the fact that GE employs high-skill, low-wage workers in India doing everything from answering phones to software development,” says Kennedy. Although the overall benefits of global labor arbitrage vastly out-weigh the costs imposed on displaced workers, the costs are more visible because they are borne by an easily identified group, he notes.
Now that global labor arbitrage destinations such as India and China are prepared to compete on the basis of both low wages and high tech development, the developed countries are quickly losing their only remaining competitive advantages: technology and skills. Nations that specialize in providing highly skilled labor cannot sustain their advantage once a global labor market for skilled workers emerges. Labor-intensive production, including relatively skilled work, is already offshored or marked for offshoring. Only services that must be performed close to home, such as health care, and niche knowledge-based fields, such as tort law, are now locked into specific geographic locations. All other sectors are subject to arbitrage and the resulting downward pressure on wages.
The shift toward lower wages in the developed nations is most evident in the compression of real wages and the bifurcation in hiring that now characterize U.S. employment trends. When hiring here finally resumed in 2004 after three years of stagnation, low-end jobs accounted for almost half of the job growth — double their share of the workforce, according to research conducted by Stephen Roach, chief economist and director of global economic analysis for Morgan Stanley in New York City. The compression of real wages that began soon after the 2001 recession and continues today is the sharpest ever recorded by the U.S. Department of Labor, Bureau of Labor Statistics. Although U.S. consumers may benefit from lower prices for goods generated by using cheaper labor abroad, the benefits will be less noticeable as the recent bout of equity-financed consumer spending comes to a necessary end.
Knowledge-based and niche industries will keep some upward pressure on wages for the highest-value-added positions in the developed nations. When the Lenovo Group, China’s computer giant, bought IBM’s personal computer division in December 2004, it immediately offshored all the high-level managerial work back to the United States. This is clearly a temporary arrangement to fill the gap while China raises managerial skill levels, but that process will take many years.
The wages of U.S. workers rose for decades, supporting a steady increase in the standard of living. But now, wages have reached a plateau, and further improvements in living standards will depend more on falling prices than on the traditional annual wage hike. CFOs can shape long-term planning around lower wages here, higher wages in offshore locations and an ongoing need for global labor arbitrage as a prerequisite for competitive success.
Other Reasons for Falling U.S. Wages
Substantial downward pressure on wages in the United States stems not only from offshoring and overseas sourcing, but also from regulatory shifts and massive technological changes that lower the skill levels required for what were once relatively high-paying jobs. In the financial services sector, for example, many jobs have been offshored, but many more have been fundamentally changed by technological and regulatory developments.
“Because of a number of structural and legislative changes in the financial services industry, I am seeing an increase in commoditization and a decrease in rates of wage growth and, in some cases, actual wage decreases,” says Richard Lipstein, principal with Boyden Global Executive Search in New York City. “Increased use of technology to trade stocks by asset management institutions is leading to lower commission rates and less need for human traders. This has led to layoffs among the trading community and lower compensation for those still employed in this activity.”
Regulatory changes have forced the restructuring of equity research analyst positions and driven down compensation for these jobs by 25 percent to 30 percent over the past four years, Lipstein notes. “Every firm has instituted material analyst layoffs. What this industry is experiencing is no different than most of the rest of corporate America. It has just taken several decades to have to deal with high labor costs and major restructuring.”
Technological displacement is a reality for Wall Street traders and offshore call-center workers alike. Datamonitor reports that speech-enabled self-service technology may soon eliminate some jobs in offshore call centers. The cost of a call serviced through speech automation is 15 percent to 25 percent of the cost of a call handled by an agent in India.
Originally printed in the April 2005 issue of Business Finance


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Posts tagged McDonald’s
McDonalds President Says It Might Be ‘Impossible’ to Operate in These Key States
February 1, 2023 // While California has led the pack with fast-food worker protection movements, Virginia followed with a similar bill just six months later. This month, it introduced Virginia's House Bill 2478. While not committed to a specific minimum wage, the passed law would require a council of state legislators, elected officials, industry representatives and fast-food workers to get together and regularly oversee worker conditions and compensation.
Starbucks will go grande on workforce-lite future
January 6, 2023 // At the same time, Starbucks is moving quickly to automate, which will continue into 2023 under incoming CEO Laxman Narasimhan. In September, it laid out a reinvention plan that includes robotizing more in-store tasks. An investor presentation recently outlined plans to “simplify operations” and “leverage automation.” Many companies like McDonald’s (MCD.N) and Target (TGT.N) have had to find technological solutions just as workers seek higher wages. Over 12 months through November, hourly wages for private, nonfarm workers have increased more than 5% to $32.82, according to data from the Bureau of Labor Statistic. Labor costs are eating into margins that are also being squeezed by rising prices for materials and transportation. If an ornery workforce can be replaced by a robotic one, there’s no better time than the present.
Law to Increase Fast-Food Worker Wages Halted by Judge, Pitting Industry Groups Against Unions and State
January 2, 2023 // If the signature drive doesn't qualify for a referendum and the law moves forward, fast food wages could be raised as high as $22 an hour by the end of 2023. California's minimum wage for all workers is set to rise to $15.50 an hour starting Sunday. Chang, the judge, scheduled a hearing on the matter for January 13. She also wrote that restaurant groups have failed to prove they properly served the state with the lawsuit, and she ordered them to do so.
NLRB puts union bull’s-eye on the franchise industry
January 2, 2023 // The National Labor Relations Board has proposed a dramatic overhaul of the franchise business model by reclassifying workers at restaurant or hotel chains as employees of the parent company, a move that would make it easier to unionize across the entire brand. Opponents warn that the change will devastate an industry employing 8.2 million people and contributing roughly 7% to the nation’s overall economic output. “This is going to hurt a lot of people, from someone coming out of the corporate environment looking to be an independent business owner to someone looking to start their career with an entry-level job to consumers who will have to pay $15 for a hamburger,” said Frank Caperino, who teaches franchise management at San Diego State University and owns multiple franchises.
Workers seek union at a Chipotle restaurant, a first for the chain
June 24, 2022 // The workers have formed an independent union called Chipotle United and only asked the AFL-CIO for advice on how to file the paperwork, O'Brien said. Augusta, Andy O'Brien, Bernadette Baum,
Workers Are Beating Big Bosses, but Organized Labor Can’t Keep Up
April 27, 2022 // Worker-led unions are transformational, while organized labor has become transactional.
Column: Why Starbucks has become a huge unionization target — and why the company is in a panic
April 25, 2022 // Many American consumer companies, including Amazon and McDonalds, have been dealing with a surging interest in unionization by their employees, spurred in part by the pandemic-driven recognition that their employers have consistently undervalued their contributions to business success.
Contesting the PRO Act’s Coercive Vision
April 1, 2022 // The Employee Rights Act presents a firm contrast with the vision outlined in the PRO Act and supported by Big Labor and its allies in Congress and the Biden administration. Where the PRO Act increases union financial coercion of workers to aid its political allies, the ERA reduces it. Where the PRO Act infringes on workers’ informed consent on union formation, the ERA protects it. Where the PRO Act limits worker privacy, the ERA expands it. Where the PRO Act fails to provide financial transparency and scrutiny in union operations, the ERA provides it. And where the PRO Act endorses Big Labor’s every-job-a-factory-job vision, the ERA promotes modern understandings of compensation and flexibility in working arrangements.
US unions see unusually promising moment amid wave of victories
March 16, 2022 // Gebre said the nation’s unions should send far more organizers and money to back the union drives at Starbucks and Amazon. “The rest of the labor movement should be willing to lend a hand,” even if they don’t get any of the members, said Gebre, who was recently named Greenpeace’s chief program officer. “That’s what solidarity means.”


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Editor’s Note: This is the first installment of a four-part series on owning machinery.
“Five years ago producers didn’t hesitate trading in for the latest farm equipment,” says Iowa AgDirect Territory Manager, Chris Steinkamp. “But as profit margins have slipped, their buying habits have become a lot more focused on satisfying needs instead of wants.”
Owning machinery requires walking a fine line between performance and profitability. While there’s no one-size-fits-all solution for evaluating equipment needs, producers can use the following tips and trends to help guide their next big iron investment.
Explore all equipment avenues
From dealers to auctions and private party transactions, producers have a lot of options when searching for the best equipment bargains. According to Steinkamp, buying activity among these sales segments has shifted, creating new opportunities for savvy buyers and sellers.
“We’ve seen the private party and auction business pick up,” says Steinkamp. “Some of it is due to producers not getting as much trade-in value from equipment dealers as they have in the past, but there are also some producers looking to eliminate a piece of equipment and they are turning to alternative markets to sell those assets.”
“Producers should educate themselves on what deals are out there and keep an eye on each of these avenues as they consider equipment purchases this year.”
Control costs, consider resale value
Maintenance, repairs and warranty coverage are another set of factors that frequently influence producers’ machinery buying habits.
“There are a lot of producers who haven’t traded in the last couple of years, and as that equipment is getting worn out, producers are starting to watch repairs and other costs associated with machinery going out of warranty,” says Steinkamp. “Some producers will be basing trade-ins on limiting those costs.”
One northwest Iowa dealer says that in addition to maintenance, resale value has also played a significant role in local trade-in and sales activity.
“Some customers don’t want to worry about having as many wear parts. As a result, we’ve experienced stronger demand for tractors and harvest equipment over implements and planters.” says West Bend Red Power Store Manager, Joe Montag.
“We’ve also noticed tractors having more appeal than other equipment sectors because of their utility from one farmer to the next. Due to size and cost, some of the larger planters and combines have a limited pool of secondary buyers, so tractors have become popular because of their resale value.”
Focus on cash-flow
When it comes to equipment financing, Steinkamp says finding the right options often starts with a conversation about cash-flow.
“As margins have tightened, customers have become more focused on comparing payment options, calculating cost per acre and structuring their financing to meet their cash-flow needs,” he says.
“At AgDirect, we have a lot of options we can put in front of producers in addition to the traditional loan products they are accustomed to seeing, and we have many tools and resources – including our AgDirect Mobile app – to help them determine what they can comfortably afford.”
Making an equipment purchase this year? Contact your nearest AgDirect territory manager or the AgDirect Finance team at 888-525-9805.


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By Jason Andrew Vila
Two years after the pandemic hit, people are still trying to recover from the damaging effects it had not only on the health of the people but on the businesses that are trying to grow before it struck. A situation that the vendors and farmers from the Antipolo Farmers’ Market are still in today.
Jenniline Montero, a farmer and one of the vendors at the Antipolo Farmers’ Market in Sumulong Park – which is a project of the Department of Agriculture to help promote and sell the crops of the farmers directly to the consumers – shared how they can still feel the effects of the pandemic today.
“Noong hindi pa nag papandemic, maganda ang kita namin pero nung nag pandemic, halos 1/4th na lang ang kita naming,” Montero said. The market now is open from Friday to Sunday.
The Market opens at 4 AM and Montero and the other farmers sleep there on the site to sell their produce for the whole weekend. When they are not in the Market, they still can’t rest as they have to till their fields and take care of the plants they grow so they have more to sell the next weekend.
She also shared that they have to brave not only the pandemic but also the typhoons that hit the area. They end up taking a loss every time a typhoon ravages the crops they grow.
Despite that, Montero is still thankful for the opportunity they have. Income from the crops they sell in the market help them with their living expenses like their daily food and to pay for their monthly utilities. Before, they only relied on the yield her husband made.
She also added that the crops they are growing are seasonal so if a disaster strikes, they find it hard to scrape by.
Before the pandemic, they used to earn up to ₱10 thousand after the three days they sold in the market. But right now, they just earn ₱5 thousand for the same number of days.
She also wished that they be told ahead of time about changes in mandatory prices so that they can adjust accordingly and not be shocked whenever there is a price change and they’d have to grit their teeth to take the blow.
We can help our local farmers like Jenniline by patronizing their stores and supporting our local products. This helps not only them but we, the consumers as well since we get to make food with fresh and healthy ingredients.
Montero’s story is only one of those from the farmer’s market which shows us that even though the pandemic may be too far from where we are now, not everyone has recovered yet and is still feeling the effects of the months of quarantine. We can still support them in their business now and not just let them become echoes from the past like the effects of the pandemic that lingered.


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Traders have welcomed completion of the first phase of a town centre redevelopment on Teesside.
The £3m Pavilion Shopping Centre opened in Thornaby this week, with tenants moving into a range of brand new shop units.
Alan Iveson from Jalz Hairdressing Salon is relocating after 30 years in his previous salon and is taking on two new stylists.
‘The new building is lovely, with a futuristic feel,” he said.
The new block will also be home to Barclays, William Hill, Ladbrokes, Keane Tanning Centre, TD Morton Opticians and Thornaby Post Office.
Thornfield Properties has made significant changes to the external infrastructure at the site, including the removal of concrete walkways at ground and upper levels. New art and lighting is also being installed


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Final Cut Pro X Video on Conan Going Viral
Apple just recently released a new version of their video editing software, Final Cut Pro. A lot was of features was changed in this version and many people are not happy with it.
In a recent episode of Conan O’Brien. The talk show host says that despite the criticisms by most people, his production staff actually gives Final Cut Pro X a commendation – and then he proceeds to show a video made by them.
The video, which you can watch below, is now going viral and being shared in social networks because of its wit and great sense of humor.
Apple is currently offering Final Cut Pro X at $299.99. Note that at the end of the video above, the staff shows the many features that was “removed” from this new version.


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Gemalto, a company which offers digital security products has released Facebook SIM card. The chip allows you to convert your GSM phone into a Facebook phone. The method can be implemented even on old phone devices.
The development of the SIM is done by taking help from Facebook. The SIM provides you the minimal features. It will not provide you sliding interface or image streams. You can have pokes, friend requests, Facebook status update features etc. The SIM can convert any GSM phone into a Facebook phone even if you are using some old designed device.
Facebook has confirmed this mutual work done by the company and Gemalto:
We worked closely with Gemalto on their Facebook for SIM product and believe it will be another easy and affordable way for people to stay connected through Facebook on the mobile phone of their choice. Facebook for SIM creatively combines technologies from some of our existing mobile solutions that especially are attractive for people with feature phones and have limited or no data plans with a mobile operator. Through the Facebook application on the SIM card people can: Update their status and view comments on it; write on their friends wall; receive notifications; find friends on their SIM phonebook.
Stay connected to VeryRite.com to get more updates and news on Apple iPhone.


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Although Yum! Brands (YUM) outperformed analysts’ revenue and EPS expectations, its stock price fell, as the SSSG of Taco Bell and Pizza Hut fell short of analysts’ expectations. For the quarter, Taco Bell reported SSSG of 4.0%, missing analysts’ estimate of 4.5%, while the SSSG of Pizza Hut was flat against analysts’ expectation of 0.5%. However, KFC outperformed analysts’ SSSG estimate of 2.7% with posted SSSG of 5.0%. Yum! Brands was trading ~2.0% lower in today’s early morning trading session.
Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Year-to-date stock performance
YTD, Yum! Brands has returned 13.6%. In the fourth quarter of 2018, the company had outperformed analysts’ SSSG (same-store sales growth) estimates in all three brands. The strong fourth quarter SSSG and the strengthening of the broader equity market have driven the company’s stock price since the beginning of this year.
In comparison, peers Domino’s Pizza (DPZ) and Papa John’s (PZZA) have returned 9.1% and 28.5%, respectively. The broader comparative index, the Consumer Discretionary Select Sector SPDR ETF (XLY), which invests in restaurant and travel companies, has returned 21.3%.
As of April 30, Yum! Brands was trading at a forward PE multiple of 26.3x compared to 24.2x at the beginning of 2019. The surge in Yum! Brands stock price since the beginning of this year has led to an increase in its valuation multiple. On April 30, Yum! Brands’ peers Domino’s Pizza (DPZ) and Papa John’s were trading at a forward PE multiple of 27.2x and 41.4x, respectively.
For 2019, Yum! Brands expects its adjusted EPS to be at $3.75, excluding the impact of one extra week in 2019, currency translation, and one-time items.


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Wii (Wii)How much further can the Wii go?
TG Daily - November 9, 2007
Submitted by ixaarii (444)
at 3:35AM PST on November 10, 2007
An article presenting a more skeptical view of the Wii's future. With just a year in, could this be a sign of things to come?


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Trio develop successful ‘Made in Hitchin’ COVID-19 contact tracing app
- Credit: Archant
A group of entrepreneurial friends from Hitchin have been busy designing a web–based app that could be rolled out nationally for COVID–19 contact tracing.
Rich Kiernan, a software developer, Rachel Campbell, a small business owner, and David Bowden, a solicitor, first thought of a COVID–19 tracing app idea two weeks ago.
Since then, the trio have been working hard to bring their idea to fruition.
The result? COVID Check-In, a web–based application that uses QR codes to allow businesses a quick, secure and contactless way to check customers into their venues.
Rachel said: “We knew that this was something that could give businesses and their customers confidence – right now it’s extremely important to know that the places you go are doing everything they can to look after you, as you begin venturing out and having a social life.”
The app can also enable customers to opt-in to promotions and offers from their favourite places, giving businesses the opportunity to share important messages, or even something like their menus, to customers when they arrive.
Local businesses, such as Market Place sports bar Osinsky’s, have been helping to trial the app.
- 1 Weston fraudster given jail time after scamming council out of £700,000
- 2 Licence review for Hitchin's Chicken George after neighbour complaint
- 3 Bid to find living kidney transplant donor for Hitchin girl
- 4 'He lives on in the hearts of those who knew him' - hundreds pay respects to Kajetan at moving mass
- 5 Stevenage school in 'area of huge deprivation' wins national award
- 6 Decision on controversial Lord Lister application deferred
- 7 Hitchin Lavender named the most Instagrammed floral location in UK
- 8 Programme of one-off summer workshops at The Settlement
- 9 Stevenage woman, 52, accused of wounding 91-year-old in her own home
- 10 Herts police officers shared rape 'jokes' and bestiality porn on WhatsApp
Mark, operations director of the bar, said: “Using a tool like this will both assist controlling the spread of COVID-19 and help us breed much needed confidence in our customers. We can highly recommend the app for ease of use.”
Osinsky’s owner, Michael Norgan is also in support: “We are extremely excited to be signed up with this service and although it is being launched nationally, we are proud to be supporting a ‘keep it local’ business.”


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Google's technology could pave the way for the cable providers to finally get wireless right.
Want to ditch the dialer on your phone for something a bit more intuitive? Check out Ready 2.0 to help you stay in touch easier and faster.
HDMI 2.0a is the latest update to the HDMI specification. Here's what it is, and what it means, and why you should care.
Based on its latest mobile camera tests, camera-testing outfit DXO says the new Samsung ekes out a higher score than Apple's former top-ranker.
Microsoft believes it can turn any screen -- especially the one you carry around in your pocket -- into your PC.
Fully remastered with updated graphics and music, the beloved World War I game is more than just a trip down memory lane.
Comcast's $45.2 billion merger with Time Warner Cable is officially dead, and the companies may have the fiery Net neutrality debate that raged this past year to blame.
Some of the biggest technology companies offer ways to help the survivors of Saturday's earthquake.
The social network reportedly loosens its grip on the News Feed by letting users handpick friends and pages that will get top billing.
LG is poised to battle Samsung and Apple with its next flagship Android phone. Will the G4's curved display and leather finish be enough?


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One of our region’s largest and most respected non-profit organizations is conducting on-site interviews for the brand new North Canton Retail Store.
The event will be held at the Goodwill Warehouse at 4101 Shuffel St. NW in North Canton. The events will run on Tuesday, February 13th from 9am to noon and Thursday, February 15th from 9am to noon.
Goodwill is seeking retail candidates, 16 years of age and older, for part time and full time positions. Goodwill offers flexible hours, vacation, health coverage and store discounts. Attend the hiring event this Friday or apply online at www.GoodwillGoodskills.org/career.


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This year, for the first time ever, Gen Z is made up of a higher percentage of adults than it is teenagers. Gen Zers born between 1996 - 2005 are already 18 or older, and are able to manage their own finances. Even the youngest of the generation born between 2005 - 2010 are old enough to do so with the help from their parents or guardians.
So what does that mean for banks?
If there’s one thing that banks need to keep in mind about Gen Z, it’s that they are a digitally-native generation. This means that they grew up with technology and in turn, tend to rely on it in both the personal and professional aspects of their lives, which includes managing their finances.
For Gen Z, technology is like second nature in a way which can’t be said for older generations. This means that their expectations for speed and ease of use when it comes to tech are even higher.
As a generation, Gen Z also tends to be multi-taskers, which explains their preference for carrying out as many tasks as possible through one chosen device - their mobile phone. In fact, for 73% of Gen Z, mobile is their primary engagement channel.
Whilst some traditional banks rely on mobile banking apps in an attempt to keep up with the “always-on” generation, simply creating an app isn’t enough to keep Gen Z satisfied. Not only must their apps be modern and simple to navigate, but they should also be hyper-personalized. Luckily, conversational apps help bridge the gap between customer expectations and reality.
Why is targeting Gen Z important now?
In addition to their own earnings, Generation Z is set to inherit over $68 Trillion from older generations And although some of their finances might be inherited, their banking habits and preferences are not—what Gen Z wants and expects from a bank is not the same as their parents.
This was confirmed by recent market research carried out on 1,000 US banking customers, which showed the differences between the way Gen Z bank compared to other generations, specifically when it comes to a demand for digital.
To meet those demands, banks need to rethink their strategy if they want to keep Gen Z satisfied. For example, not only do over 80% of Gen Zers already use a money Transfer app, but they are also the generation which use the most diverse range of social platforms to build their financial literacy, such as using ‘Fintok’ to follow, engage with and learn from ‘Finfluencers’.
Fintok and finfluencers
The financial side of TikTok, also known as FinTok, is on the rise. The type of videos in this space can cover anything from savings, to investments, to taxes, to debt, and are being viewed primarily by younger viewers who are from generation Z.
With the hashtag #stocktok reaching 1.4 billion views, and #PersonalFinance with as many as 4.4 billion, it is clear to see that this is a growing trend, which could very possibly become the modern generation’s main source of financial information and advice.
What Gen Z want from their banking experiences
Before investing in a new product or service, Gen Z does what they do best: they Google it. And that goes for more than just the latest fashion or technology, but also for financial research and recommendations too. Which explains why, according to the US Banking Digital Trust Benchmark 2022, they are the most likely to consider non-traditional providers such as Apple, which older generations may not.
So once they’ve done their research, what is a typical Gen Z customer looking for from a bank? Well, they’re known as the ‘always-on’ generation for a reason. As with the other services they use, Gen Z expects 24/7 self-service as standard, and banking is no exception to the rule. Waiting in queues whether in person or online, is a thing of the past for Generation Z customers, they want to be able to communicate with their bank any time, anywhere.
But keeping Gen Z customers happy is more than just round-the-clock service. To build true brand loyalty, banks need to solve the personalization-privacy-ethics issue. This means getting the right balance between offering customers experiences that are personalized to their needs and habits, whilst still prioritizing the privacy of their data. Ethical brand values like this are something that Gen Z takes seriously, and could make the difference between which bank they choose to give their business to.
Another note-worthy point about Gen Z, is their preference to be served via messaging channels. Online, self-serve, text-based chat had the highest appeal with Gen Z out of all age groups surveyed, with 53% preferred messaging their bank over having to email or phone them.
In regard to this digitally-native generation, head of financial services for North America at Infosys, Dennis Gada, comments that: "For Gen Z, banking or financial services is an extension of their lifestyle... the more digital a bank is, the higher their level of trust."
This explains why Gen Z are 13% more likely to be unsatisfied as a result of bad digital customer experience than Gen X (baby boomers), due to their higher expectations.
In fact, 35% of Gen Z said that one of the most important factors they consider when choosing a bank is the digital experience. Which highlights just how important it is for banks to prioritize frictionless experiences for their customers.
Making this possible with conversational apps
A major factor in how the financial industry can make these improvements to their customer experiences is through the use of Artificial Intelligence. Since Generation Z has grown up with mobile messaging as their primary form of communication, in order to appeal to them, it’s vital for banks to invest in technology such as conversational chatbots which can seamlessly integrate onto a mobile platform.
A chatbot or conversational app can enable banks to provide 24/7 self-service, or handover to human agents when needed. Not only is messaging the primary channel through which Gen Z wants to communicate with their bank, but 39% of those surveyed also said that they would be interested in automated financial guidance.
Start gaining Gen Z’s banking business
Now we know how differently Gen Z banks compared to older generations, it’s clear that meeting their expectations for fast, convenient, digital experiences is the future of banking. If banks aren’t able to keep up, they will risk losing the business of this younger generation to new innovators who can better meet their needs.
To discover how your bank can start automating CS, personalizing experiences, and unifying channels in order to win Gen Z customers, book a demo with one of Hubtype’s conversational experts today.


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Wednesday, February 18, 2015 — Newport Beach, CA iLeads.com’s LiveConnect transfer platform is the first of its kind to offer collateral verified live hot transfers for lenders, resulting in loan funding rates upwards of 25%. iLeads.com announced the LiveConnect Transfer […]
iLeads.com launches the HomeLoanAdvisor lead gen platform offering unparalleled conversion metrics coupled with real-time, verified insight of customers. Newport Beach, CA (PRWEB) February 11, 2015 iLeads.com announced the re-launch of the HomeLoanAdvisor platform, the only lead generation platform of its […]
iLeads.com Launches the NeighborhoodIQ Lead Gen Platform Covering 99% of U.S. Homes iLeads.com launches the NeighborhoodIQ platform representing the next generation in consumer lead qualification for the real estate, lending, and insurance industries. iLeads.com announced the re-launch of theNeighborhoodIQ lead […]
VANCOUVER, BRITISH COLUMBIA, Dec 15, 2014 (Marketwired via COMTEX) — ACT360 Solutions Ltd. (the “Company” or “ACT360 Solutions”) (tsx venture:AKM) announced that its wholly owned US subsidiary ACT360 Solutions USA Inc. has signed a Letter of Intent (“LOI”) with iLeads.com […]
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Learn what iLeads.com can do for you today!


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The Pandemic Coronavirus has created a severe impact on human life globally and thousands of jobs have already been shelved off. Layoffs, Wage Reduction, and other drastic measures are being taken by employers as they look to become leaner and reduce wage bills in order to survive.
However, there is a bit of silver lining as well, and the Good News is that Amazon plans to hire a massive number of people.
In the past 4 months, the company hired 100,000 fresh employees and now again the company has released a statement that it is going to hire additional 75,000 workers in the U.S. for full time and part-time tasks.
Why Amazon is hiring 75,000 new workers?
The hiring of additional workers will help the company to meet customer demand and fulfill orders. This will bring Amazon’s workforce to just under 1m worldwide, a more than 20 percent increase in headcount over the past quarter. Amazon says that the additional workforce will provide assistance to the people who are affected by this disease through home delivery of food packages and other essential goods.
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The company wrote on its Covid-19 blog,
“We know many people have been economically impacted as jobs in areas like hospitality, restaurants and travel are lost or furloughed as part of this crisis” .We welcome anyone out of work to join us at Amazon until things return to normal and their past employer is able to bring them back.”
Impact on Amazon due to this step
As per the reports, the hiring of new workers to meet the customer’s demand in this critical situation will result in 1 million workforces worldwide and the company will increase the hourly pay of the workers temporarily and the amount is $2 globally. So, the cumulative value will cost $500m additional to Amazon.
The company says it’s going to continue to bolster its investment in “safety, pay and, benefits” for all new and existing employees. The online retail giant has detailed some of its efforts in this regard, including rolling out temperature checks across fulfillment centers and Whole Foods stores, as well as distributing masks to employees and conducting daily audits of these practices.


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Space Elvis, Decaric, Mobile Tech, etc. participate...I'll show you a new type within 2-3 years.
A consortium of six companies organized by XR company Sears Lab (CEO Jeong Jin-wook) signed an agreement on the 8th as the final operator of the 2022 Metabus Platform Development Project promoted by the Ministry of Science and ICT and the Korea Radio Promotion Association in the first half of this year.
The Metabus Platform Development Project, selected by the Sears Lab Consortium, is a project that supports the development of a new type of metabus platform that differentiates itself from existing platforms in various areas such as daily life and economic activities.The total business budget is up to 15 billion won, which will be developed over about two to three years.
The recently selected Sears Lab consortium was evaluated as having the best capability to professionally cover all areas necessary for commercialization of meta-bus platforms that require convergence development, from AI source technology to XR platform and content development, spatial data, and blockchain technology.
It consists of a total of six specialized companies, including XR content company Space Elvis, VR platform company D-Caric, space data company Mobile Tech, blockchain company Community Lab, and graphics company DeepX Lab.Apart from the consortium participants, SK T Mobility, Google Korea, SK Shielders, and Hanyang University will participate as cooperative organizations for the successful commercialization of the project.
The project aims to revitalize a commercial-level platform and open ecosystem that allows participants to freely implement daily life and economic activities within an open platform, allowing users to communicate and interact offline and directly build data, content, and business models.After commercialization of this platform, it is expected to contribute to the development of Korea's metabus industry ecosystem by creating new virtual economic value through the Mirror City platform in various fields such as the government, local governments, and general companies.
Amid intensifying competition among major global IT companies such as Apple, Google, and Facebook to dominate the early global meta-bus market, the project is drawing attention in the market as the government and the private sector lead together at a time when securing a globally competitive meta-bus platform.In particular, the private-led government-supported "creative innovative future platform" discovery project is more meaningful in that it is the largest platform project under the new government's meta-bus policy.
We will utilize about 80 existing customers and partnerships for successful commercialization and actively utilize existing overseas networks for global expansion, said Jeong Jin-wook, CEO of Sears Lab.
Meanwhile, Sears Lab, the organizer of the consortium, successfully launched the world's first augmented reality selfie video app "Lollicam" in 2015, and attracted investment from Y Combinator, which is known as Harvard in the startup world.ARGear, an augmented reality core engine developed with Sears Lab's own technology, is a vision AI (Vision AI) technology-based XR company with about 80 million commercial mobile applications worldwide.
Reporter Bang Bang Joo.firstname.lastname@example.org


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Eastman Kodak Co.'s Graphic Communications Group is at the heart of its new marketing services efforts. The unit offers customization and one-to-one marketing via digital print; it also works directly with b-to-b marketers and commercial printers on developing, executing and measuring multichannel campaigns.
“For commercial printers, it's not just about print; it's multichannel,” said Robert J. Barbera, principal of Kodak's MarketMover Business Advantages Solutions, a product unit of GCG. “Here, data is hugely relevant.”
Another new Kodak offering is Design2Launch, a Web-based workflow and brand-asset management solution that enables the organization and distribution of packaging and marketing artwork and layout designs.
Overall, it's not hard to understand the push toward marketing digitalization and analytics, even if it's wedded to such traditional channels as direct mail. Database list prices have fallen in key b-to-b areas, with aggregated email databases taking the biggest hit, according to the “Fall 2011 List Price Index” from list management company Worldata Corp., released Nov. 2.
Business email databases had an average price of $161 per thousand contacts in the third quarter of the year, versus $216 in the year-earlier period. Permission-based email lists of contacts at midsize and large companies fell from $273 to $252 per thousand names, while small-business postal lists hit $92 per thousand names, versus $106 in the year-earlier period.
“Direct mail is still a very fundamental component of how our customers want to communicate, but it's only one component,” Pitney Bowes' Rader said. “What we're about now is helping our customers communicate and connect.”


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The United Kingdom cannot meet its climate neutral goals by 2050 unless its citizens make radical lifestyle changes, including giving up red meat and flying in aeroplanes, the UK Committee on Climate Change has told the UK government.
Mike Hemsley, team leader for carbon budgets at the UK Committee on Climate Change, advised the government that if they wanted to get realistic about the 2050 target it would require big changes, including fitting roughly 30 million UK households with low-carbon heating by 2050, as well as building more energy-efficient buildings, developing technology to capture and store carbon, and doubling the country’s clean electricity capacity – by the mid-2030s at the latest.
They are but one of hundreds of countries grappling with the terrifying reality that climate change is no longer something that can be denied or ignored, and are clambering to find solutions before the irreversible effects of climate change begin wreaking further havoc on the world – its global south in particular.
Among the most obvious changes – beyond that of sacrificing meat and international air travel – is that of making British homes more energy efficient. Installing solar panels, growing one’s own herbs and vegetables, replacing incandescent lights with LED light bulbs, and installing more efficient showerheads and toilets are some of the best ways to use energy more efficiently in the home, but upgrading the way you cool and heat your home can have an even more meaningful impact.
Portable air conditioners have cropped up in recent years as not only a more affordable but a more energy efficient approach to cooling a warm home. Using cutting edge, up-to-date technology, portable air conditioners are able to travel from room to room – wherever their users wish to put it – and cool down different zones individually. As opposed to using central heating, which conditions the air of an entire house and sucks up lots of energy by doing so, portable air conditioners are smaller, with more targeted functioning and therefore utilise less energy. Buying a smaller portable air conditioner makes sense for rooms like a small bedroom, office, orden, as it can cool 100 to 250 square feet – though there are larger portable air conditioners designed to swiftly cool larger rooms, too. People are buying up portable ACs like they are going out of fashion: according to a new market report published by Industry Probe, the global portable air conditioner market is expected to expand at a CAGR of 2.8% from 2019 to reach US$ 7.34 billion by 2027.
The latest breakthrough in portable air conditioning technology is known as ‘self evaporative water recycling’, which means that these air conditioning systems can re-use huge amounts of the water they create, thus running more efficiently with lower power consumption. A number of small portable ACs on the market offer this type of technology, with some capable of re-using up to 75% of the water they create.
A small team of researchers has also pioneered a new water-based, portable air-conditioning system that cools air to as low as 18 degrees Celsius without the use of energy-intensive compressors and environmentally harmful chemical refrigerants. The system, designed by the Department of Mechanical Engineering at NUS Faculty of Engineering, consumes about 40% less electricity than regular compressor-based air-conditioners used today, which means a more than 40% reduction in carbon emissions. It also generates potable drinking water while cooling air – a fantastically cool (pardon the pun) new feature.
There are also portable AC models that have been integrated with ‘smart’ home systems: with a corresponding app that lets you control and monitor the unit remotely from your smartphone or tablet, you can turn your air conditioner on just before you get home as opposed to leaving it on all day and wasting precious energy without actually being in the room and benefitting.
If we stopped where we were right now and did a quick tally, we would find that there are just over a billion air conditioning units in use in the world today. That means roughly one per person, and the numbers come mostly from America and China – not the UK or the rest of Europe. By 2050, this number is projected to be more like 4.5 billion as the rest of the world catches on and the global heatwave continues to tempt countries into widespread AC adoption. By 2050, this will mean air conditioning will be responsible for almost two billion tonnes of C02 annually and 13% of all electricity usage worldwide. Something needs to give.
Through making a simple change in your air conditioner type, it can have a serious impact. Switching to an energy-efficient eco-friendly portable AC unit, while also thinking more deeply about whether or not you really need the air conditioning switched on in your room 24/7, are just a few ways that your changed habits can help stave off the impacts of climate change.


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Duckduckgo.com A Search Engine that doesn’t track you
Concerns of protecting users’ privacy online ,has been growing everyday. The recent incident of revealing NASA’s PRISM project by several media has led people to believe that they are being spied online by NSA or American government .
NSA was accused by UK Guardian news , to have compelled Verizon Communications a telecom company , to reveal more than a million people’s telephone records recently .
A recent report is alleging that the data collection extends to more than just phone records, with emails, IMs, search history, and other Internet records being acquired from tech giants like Microsoft, Google, Yahoo, Facebook, YouTube, Skype, AOL, and more recently even Apple.-Washington Post
In order to have your privacy protected ,there are many alternative search engines available today .Duckduckgo.com is a new generation search engine that seems to do very decent job.Visit there search your stuff online and get the results .That’s it ,it won’t store your searching history like Google does .
Why Duckduckgo ?
Mainly because of the protection it gives you online. All the online services acquires information of users such us ,their browsing habits ,purchasing patterns ,how long they spend online etc . This information is money on internet .Based on this information web services can create ,target and sell products and services to the customers .
The recent revelation is,that the Governments also getting this data to spy the public for their national security .It’s evident that companies like Google used to give the required information to the government as a part of national security .
If you are kind of a person who doesn’t want to reveal what do you do online to others ,then you have to use search engine like Duckduckgo. It says it doesn’t track you .
How Fast and Accurate Duckduckgo is ?
It almost gives results as fast as Google .It is rich in results like Google and almost the results are precise for the search term. I have just searched “IELTS in Jaffna “ hoping that this types of query and very local information on a small country won’t be available on a growing search engine ,but the results was amazing .It has everything ,It knows everything .Try and see .


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Google recently launched the Google Sports Study report, which unravels the relationship between Brazilians and sports in 2020. The study was based on data from the platform’s own search engine and from YouTube, from Sports Track and Google Consumer Survey surveys, and Trends in behavior and retail, via WGSN & Stylus.
The first big insight in the report that we will analyze throughout this blog post investigates the growth of new sports and the various opportunities that follow this trend.
Football is still a highlight, both as a favorite sport and as one of the most practiced sports. However, volleyball, basketball and swimming have grown in number of fans over the past year. It is also worth noting that non-traditional sports, such as American Football, have also evolved over the years, becoming a relevant product for Brazilians. Talking about sports practice, activities such as walking, running and weight training share the attention with the main sports in the country.
Giving more attention to Google’s search engine, the report shows that basketball was very prominent in 2020. There were 200 million searches for basketball on the platform, versus 100 million for running and 50 million for volleyball. Considering specific topics such as NBA, Lakers, champion of the season, and LeBron James, outstanding athlete, the growth in the average of searches per month reached 350%, in comparison with the previous year.
A big part of this success came from the creation of the NBA bubble. Created in July 2020, the initiative brought the teams together in a structure in Orlando, at the ESPN Wide World of Sports complex. In addition to the matches themselves, the NBA bet heavily on creating content at the time, especially on social media. The league’s profile on Instagram focused on the Brazilian market, surpassed the mark of 1 million followers, with a significant growth also on TikTok.
Returning to individual sports, the pandemic brought new practices to Brazilians: 39% off the public that answered the survey started a new sport that they had not practiced in previous years. With social distance measures hindering the practice of team sports, modalities such as walking, running and cycling showed great progress in the last year.
Cycling was the highlight when we related daily habits to the consumption behavior of individuals. The term grew 70% in searches in the Google bar, considering the period between January and November of the last four years. When the survey was directed to the shopping area, cycling was the most prominent sport, with an increase of 439% in the number of clicks. Two other sports that grew a lot in the period were squash and yoga / pilates, growing 244% and 194%, respectively.
These new habits brought some opportunities, mainly related to the trade of products. The sports segment was the first in direct-to-consumer online sales, that is, with sales being made through channels of the brands themselves. The creation of such direct channels with the consumer can be a lesson for all areas, as it also favors access to consumer data, to subsequently build strategies based on their preferences.
Within product trade, the fastest growing trend is the transformation of sports into a lifestyle for many Brazilians. If before some clothes were used only for physical activities, the style became part of people’s daily routine. According to the survey, one in four Brazilians use sports products daily, not just for training. This behavior has advanced to the fashion industry, with the creation of athleisure, a style that brings the comfort of sports materials to the daily lives of consumers.


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Super-stealthy Plexxi pulls in $8.3M
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- Rodney H. Brown
A very stealthy startup in Nashua, N.H., named Plexxi Inc. has landed $8.3 million of a planned $8.5 million fundraise, according to federal documents.
The document filed with the U.S. Securities and Exchange Commission doesn’t name the three investors in the round, but it does identify David Husak as an executive and director of the company. Husak co-founded RFID technology company Reva Systems Inc., which itself was stealthily sold in December. Although Husak would not speak about Plexxi, he did say that it is not focused on an RFID product.
Virginia-based Odin Technologies Inc. bought Reva in December for an undisclosed amount in a cash and stock deal. Reva had raised a total of more than $35 million from investors including Charles River Ventures, North Bridge Venture Partners and Cisco Systems Inc. The sale did not include bringing over any of Reva’s executive or administrative employees, according to reports, which would include Reva CTO Husak.
Husak’s background is deep in the networking industry, going back to Apollo Computer Inc., with stints at 3Com Corp., which acquired his first startup Synernetics Inc. in 1994, and his second startup C-Port Corp., which was acquired by Motorola in 2000 for $430 million.
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It’s been a big day for crab news, so let’s get into the crab news, shall we? First up in crab news:
Trump policy is hurting this guy’s crab business — a lot
Harry Phillips, the owner of Russell Hall Seafood, is having a rough month. A piece on NPR’s All Things Considered featured a conversation with Phillips, who has not been able to hire a single crab picker this season. Like, not one. The Trump administration issued guest worker visas by lottery this year, with the result that many of the industry’s usual crab workers failed to receive a visa. Phillips has placed ads in papers, attempting to hire local workers, and has received exactly zero applications. The result?
MARTIN: Well, what’s going to happen - forgive me for asking worst-case scenario - if you can’t get any workers to come, what do you do?
PHILLIPS: We don’t do anything. I mean, we’ll lose our customers. Because some people did get their workers, about half of us got them and half of us didn’t, of the packing plants in Maryland. And no doubt, restaurants want Maryland crab meat.
The whole piece is worth a listen (or a read). In short, if you can’t get decent Maryland crab cakes this summer, you’ve got someone to blame.
Chef and scientist partner to make an invasive crab species delicious
This is cool. Scientist Gabby Bradt and chef and restauranteur Matt Louis have partnered to find a way to reduce the population of an invasive species through dining. The Associated Press reports that green crabs, which are “are badly hurting New England’s soft shell clam populations,” feature prominently in a new menu item at Louis’s restaurant Moxy. The dish: a green crab stew with chicken sausage and chili oil.
Louis told the AP that because the shells of green crabs are very hard, “he extracts flavor by cooking them whole to make stocks and stew.”
Eat crab to save crabs. That’s pretty cool.
Government moves to restrict food stamp use for carryout crab
The Baltimore Sun reports that crab carryout businesses feel they’re being unfairly targeted by a change to food stamp policy. The shift, which retailers were informed of in 2017, requires carryout locations to a) sell crab either alive or raw, but not cooked, and b) stock a variety of foods. If they don’t, they won’t be eligible to accept food stamps. Per the Sun:
State Del. Richard K. Impallaria, a Republican who represents parts of Baltimore and Harford counties, said he is urging state leaders in Washington and Annapolis to push back against the crab crackdown by food stamp regulators. He said he worries that it could exacerbate problems with food deserts in places such as Baltimore.
“It is inherently unfair for the USDA to malign seafood as an elitist food product,” Impallaria wrote in a letter to The Baltimore Sun. “These new regulations disproportionately shift a large fraction of the financial burden onto seafood businesses located in less affluent areas.”
Sorry to end your crab news digest on a down note, but there you have it. Hey, at least science is cool.


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GarageBand, Mini iPods, Xserve... Tomorrow?
Less then a day away, and last minute notes...
"GarageBand" will be announced tomorrow.
Xserve updates tomorrow, as well.
This Mini iPod information is still considered reliable.
Related Link: our earlier MWSF 2004 Rumor Roundup. Readers are reminded that Garage Band was trademarked by Apple in September 2003 and the newly released 2GB mini drives would fit nicely in a new iPod.


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Continuing to live its financial life in the fast lane, Camping World Holdings (CWH 1.05%) reported consensus-crushing second-quarter 2021 results on Aug. 2. This is the company's fourth consecutive quarter of topping Wall Street earnings per share forecasts. Unlike previous quarters, where investors remained cautious because of the recreational vehicle sector's notorious volatility, the market responded positively to Camping World's success this time around, with its stock closing up 7.16% at the end of the day.
With the new information available, there are at least three important takeaways supporting a bull case for Camping World.
1. Record results continue
Camping World's second quarter set a slew of fresh records, with revenue jumping 28.3% year over year to an all-time peak of $2.06 billion. In this context, it's worth remembering that the RV sales bull run triggered by COVID-19 lockdowns was already in full swing by Q2 2020, which means the improved results are comparing favorably to an already positive situation for the company last year. At the bottom line, adjusted earnings per share (EPS) skyrocketed 54.9% year over year from $1.62 to $2.51 EPS. Adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, set a third record by surging 51% to $333.3 million.
The company also expanded its dealership SuperCenter network by nine locations. As a result, it now has a current or upcoming presence in 46 of the 48 contiguous U.S. states, bringing it closer to its strategic goal of establishing a physical presence in every state.
Significantly, Camping World's gross and net margins both improved. Gross margin increased 644 basis points to 36.9%, while net margin rose from 10.2% to 11.9% year over year. From this, it's possible to infer the company's profitability growth isn't simply due to more sales piling up but also higher efficiency and better margins on individual sales.
Pursuing better margins is a strategic goal for Camping World, which the RV seller appears to be executing on with considerable success. During the Q2 earnings conference call, CEO Marcus Lemonis highlighted this growth factor when he said "maximizing margin" is "a golden ticket that we've been given, and it's our obligation to seize that."
2. It's boosting the quality of its stocks and balance sheet
Not content with higher sales, Camping World appears to be rolling at least some of its record gains back into internal improvements and investments. It continued its share buyback program, reducing dilution and increasing the future EPS of outstanding stock still in investors' hands. During Q2, it repurchased $45.5 million in common stock, amounting to roughly 1.15 million shares.
Even more recently, in the first days of August, the company earmarked more funds for stock repurchases, adding $125 million to the buyback program. This sum is in addition to the $33 million remaining from an earlier authorization. Lemonis remarked, "the increased stock repurchase program reflects the confidence our senior management team" has "in the Company's future performance and ability to generate strong cash flow." The actual repurchases will occur on an opportunistic basis rather than a set schedule.
In terms of debt, Camping World has also improved its balance sheet health. Its current leverage is approximately 1.14 times adjusted EBITDA, according to Lemonis, and it continues paying down its long-term debt. It also refinanced its credit facilities, cutting margin rate by 25 basis points and gaining more time to repay with a renegotiated 2028 term. It ended the quarter with about 15% more cash than at the end of Q2 2020. Overall, the company appears to have a lean balance sheet with good cash flow and reserves to complement its program of buying back stocks to give its investors more value.
3. Rising RV trends continue, guidance improves
The market continues to be very favorable for Camping World and the RV sector in general. Outdoor lifestyle stocks are thriving as people seek the wide open spaces of the North American continent. With many countries continuing air travel restrictions, and the previously highly popular cruise ship vacations still largely off-limits, vacationing almost appears to be returning to pre-jetliner patterns, with people mostly getting their relaxation at regional camping areas or national parks.
Even beyond the pandemic, however, the RV trend may have gained momentum of its own as more people, and many from younger generations, become invested in the lifestyle. Data from the RV Industry Association shows all-time highs for June RV shipments (the latest month with available data). Shipments topped the previous record June high in 2017 by 7% and last June by 23.5%, with 50,706 units shipped. The second quarter as a whole has the most shipments for any quarter since records started being kept decades ago.
Camping World raised its guidance against this backdrop of record sales. It now predicts $810 million adjusted EBITDA for the full fiscal year 2021, up 5.2% from its May forecast. Lemonis declined to guide for 2022 results during the earnings conference call, but said Camping World's executives are "excited" about the future.
He also teased that, related to electric RVs, on "the morning of September 15, we will unveil a product offering that the outdoor and recreational space has never seen before, all in one place." With a potential new offering appealing to the electrification craze upcoming, strong momentum, a favorable market, and balance sheet improvements, it looks as though Camping World will likely be a good investment among consumer discretionary stocks through this year and likely into the longer term.


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"The incident last week highlights the need to protect our children," said co-owner Derek Williams. "We didn't get in this business to do this. But the fact is that our armor can help children just as it can help soldiers."
Kerry Clark, president of Texas-based Backpackshield.com, began making the backpacks after the deadly mass shooting at Virginia Tech in 2007. Clark said he sold 15 backpacks Wednesday. Prior to Friday's shooting, he said, the company would sometimes go an entire month with one sale.
Bullet Blocker, a Massachusetts-based company that sells the backpack armor, declined to provide sales numbers but noted that recent figures were substantially higher.
Sales of assault weapons also were on the rise.
Austin Cook, general manager of Hoover Tactical Firearms in suburban Birmingham, Ala., said the spike in sales since Friday's shootings has been so intense that federal background checks that typically take five minutes or less are now taking up to an hour.
Cook said about 50 people were waiting in line for his store to open the morning after the shootings, and that he's since sold nearly all of his assault weapons.
"I can't keep them in the store," Cook said.
In Pittsburgh, Dick's Sporting Goods said it was suspending sales of modern rifles nationwide because of the shooting. The company also said it's removing all guns from display at its store closest to Newtown.
Aaron Byrd, co-owner of Patriot Shooting Sports in Youngsville, N.C., is sold out of AR-15 rifles, ammo for those types of guns and high-capacity magazines.
"Things have been crazy the past couple of days ... They're worried that the government's going to ban semiautomatic rifles and high-capacity magazines," he said. "I think it is a knee-jerk reaction by both parties — both the government and the citizens."
Skoloff reported from Phoenix. Contributing to this report were Associated Press writers Allen G. Breed and Mitch Weiss in North Carolina; Scott Sonner in Nevada; Steven K. Paulson in Colorado; Dirk Lammers in South Dakota; Pam Ramsey in West Virginia; Matt Gouras in Montana; and Jay Reeves in Alabama.
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Watching Your Wallet: FBI warns of sophisticated email scam
(WILX) - Ransomware schemes always get headlines, but it’s not the biggest cybercrime we face.
Say you find the perfect house and go to the closing to make the big payment. Weeks later you are notified by a bank that the money never went through.
Hundreds of thousands of dollars gone in the blink of an eye. With no warning any step of the process was wrong. It’s called Business Email Compromise and according to the FBI, it made up 37% of all loses in 2020 -- more than $1.8 billion.
“It’s one of the most prominent forms of internet fraud that we see,” said FBI agent Michael French.
French is a member of an FBI cyber squad. He said the scheme is complicated and it usually originates outside of the U.S. with hackers contacting legitimate businesses, getting control of an email and stealing the businesses’ money by convincing workers to alter the business’ bank wiring instructions.
“They regularly target small to medium size businesses,” French said. “Payroll processors, contractors, universities, using spoofed or compromised email accounts.”
House closings or real estate transfers also a big target.
“Either getting into the legitimate email account for a title attorney or retailer or using a spoofed email address for the client and asking to change the bank account instructions where the money should be wired,” French said.
The crime is so sophisticated that scammers often use people inside the U.S. to move the money -- they’re called money mules. Some of them may be victims of other schemes and not even aware they are moving stolen money.
If you or your business is making a big purchase, always try to do the transaction in-person.
“Call them on the phone go see them in-person. Don’t do it online, electronically or even via fax,” French said. “Do it as much as you can in-person or on the phone.”
If you are suddenly asked to change how you are paying for something -- ask questions. Make sure you call the person you usually deal with directly. Don’t rely on an email.
If you think your email could be the target of a crime like this, make sure you have two factor authentication turned on for an extra layer of security.
Copyright 2021 WILX. All rights reserved.
Subscribe to our News 10 newsletter and receive the latest local news and weather straight to your email every morning.


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Here’s an interesting tidbit from across the pond. Citing environmental concerns, the city of Hamburg, Germany has banned Keurig-style coffee pods from all government office buildings.
Lest you think, “Oh, isn’t that cute?” bear in mind that Hamburg has a population of 1.7 million people. It’s the second biggest city in Germany, and the eighth largest in the European Union.
As part of a guide to green procurement, the German city of Hamburg last month introduced a ban on buying “certain polluting products or product components” with council money. The ban includes specific terms for “equipment for hot drinks in which portion packaging is used” – specifically singling out the “Kaffeekapselmaschine”, or coffee capsule machine, which accounts for one in eight coffees sold in Germany.
“These portion packs cause unnecessary resource consumption and waste generation, and often contain polluting aluminum,” the report says.
This isn’t a Big Deal, not yet; but it is a Deal, and it ought to be causing a bit of concern at Keurig Green Mountain’s Waterbury headquarters. Because if Hamburg becomes a trendsetter, Keurig could start seeing large markets snap shut.
The capsules can’t be recycled easily because they are often made of a mixture of plastic and aluminum,” adds Jan Dube, spokesman of the Hamburg Department of the Environment and Energy.
The complexity of the packaging – often a mix of different materials – combined with the dregs of organic waste from unused ground coffee sitting in the bottom of the pod makes them difficult to process in standard municipal recycling plants.
KGM is painfully aware of that. It’s been trying for years to devise a recyclable coffee pod without success. In fact, KGM appears to have punted on the whole idea: its current “solution” is something called the Recycle A Cup Cutter. ($12.99 for a packet of two.) It’s a plastic cap with a recessed cutting tool. Put the Cutter on top of a K-Cup, rotate the cup, and the K-Cup’s components are separated. The aluminum lid and plastic cup can be recycled; the coffee grounds, KGM helpfully advises, can be composted.
That’s a whole lot of effort for a tiny bit of recycling. You’d have to wait for the K-Cup to cool down for safe handling, for starters; and you’d have to deal with coffee dregs. Nice try, Keurig, but most people are gonna keep chuckin’ ‘em in the trash.
Also, I don’t know about your trash hauler, but mine won’t accept items that are too small. They tend to jam up the machinery.
The Cutter won’t satisfy the city of Hamburg, either. Could this ban jumpstart KGM’s research on creating an easily recyclable K-Cup? Not by itself. But if the ban begins to spread, then watch out. KGM will have a problem on its hands.
Well, aside from the more fundamental problem with K-Cups:
“It’s 6g of coffee in 3g of packaging,” says Dube. “We in Hamburg thought that these shouldn’t be bought with taxpayers’ money.”
He’s got a point there. FIscal conservatives should be demanding that their own governments stop using Kaffeekapselmaschinen and go back to old-fashioned coffee makers.
KGM’s got plenty on its hands already, what with consumer resistance to its 2.0 brewing system and iffy prospects for its Keurig Kold beverage maker. Now, it might just face a significant existential challenge from societies interested in living sustainably.


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COMPANY EARNINGS; LANDS' END INC. (N)
Published: August 13, 1993
Lands' End Inc., the catalogue retailer, said increased sales of merchandise in its Lands' End catalogues lifted profits by 42 percent in the second quarter.
Increased circulation of its specialty catalogues also helped fatten the bottom line.
Lands' End is one of the few retailers which has seen an increase in its profit margin. The company, based in Dodgeville, Wis., said its gross profit margin, which is sales less the cost of goods, increased to 41.5 percent of sales, from 40.7 percent in the comparable quarter last year.
Demand for the company's goods was so strong that Lands' End estimated that it lost some sales because it was out of stock on some items.
The company's second-quarter performance beat Wall Street's expectations. According to Zacks Investment Research, analysts predicted that Lands' End would earn 17 cents a share.
Table: "LANDS' END INC. (N)" Qtr. to July 30 1993 1992 %Ch Sales 151,076,000 138,075,000 +9.4 Net inc. 3,554,000 2,499,000 +42.2 Sh. earn .20 .14 Sh. out. 17,962,000 18,215,000 6m sls. 307,333,000 279,488,000 +10 Net inc. b9,097,000 6,772,000 +34.3 Sh. earn .50 .37 Sh. out. 17,983,000 18,330,000 b-Including an accounting gain of $1.3 million, or 7 cents a share, from the adoption of FAS 109. Yesterday's closing price: Up $2.375


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Petty traders accuse municipal council of harassment
by Staff Reporter
Petty traders who operate at the Central Market in the Arusha municipality have lashed out at the Municipal Council accusing it of harassment, extortion and discrimination.
These complaints were presented before the Arusha District Commissioner (DC), Fulgence Saria, by the Chairman of the newly founded, Central Market Traders Association (CMTA) during the association’s official launching meeting last weekend.
The Chairman, Simbo Munisi told the DC that the Council had employed revenue collecting agents at the market whose main duties seem to be going around threatening the traders and coming up with myriad of taxing channels targeted to a selected group of people.
"Surprisingly, some taxes are only charged from a few traders but don’t seem to apply to others", said Munisi as hundreds of local traders who attended the meeting
The association which is also known by its Swahili abbreviation of CHAWASOKU, was being launched during an open air meeting held at the market grounds in the town centre.
The traders appealed to the District Commissioner to intervene in the issue since the situation at the Central Market was getting worse and likely to cause a breach of peace.
The Central Market traders, through their CHAWASOKU association have also appealed to the Arusha regional authorities to start a special training programme for local traders and the entire business community in the region, so as to enlighten them on the approved taxes, revenues and methods plus official processes through which, these taxes and revenues could be paid.
The DC said he had received the traders complaints promising to deal with the matter as soon as possible.
The Central Market traders association is the second such organization to be formed by people who work at the Arusha’s central market, the other one being the Central Market Taxi Operators Association.


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Buying a phone without the two-year contract has a lot of advantages—like upgrading to the latest and greatest every few months. Dealnews notes that you can save up to 35% on that expensive phone by waiting just a few months after its release.
It may be tempting to buy that phone right when it comes out, but even the smallest bit of waiting can save you a lot of money. Dealnews tracks prices of a ton of different products, and discovered this trend:
Samsung's Galaxy S3 has been one of the most successful Android smartphones to date. But when the unlocked version debuted for $800, even some of the biggest Android fans were scared back into their 2-year contracts. Fortunately, the S3's steep unlocked price tag didn't have much staying power; it doesn't take long for retailers to start chipping away at the initial high prices of unlocked Android smartphones.
A month after the Galaxy S3's debut, we listed the 16GB version for $650, $150 less than — or 18% off — its debut price. The following month its price dropped another 8%. And while it took a total of 10 months before we listed the S3 for 50% off ($400) its price decreased every month by about 5% to 10%. So even at the height of its popularity, finding a deal on an unlocked Galaxy S3 was fairly simple.
This trend wasn't limited to the Galaxy S3: lots of other smartphones (including non-Android phones like the Nokia Lumia 520) showed similar (or even bigger) price drops. So if you like to buy off-contract but don't want to shell out an arm and a leg, it might be worth the three month wait. Hit the link to read more.
Photo by Intel Free Press.


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The National Retail Federation says there could be a shortage of school supplies because of the pandemic.
Even though the school bell won't ring for a few more weeks, it may be time to start stocking up on school supplies now.
National Retail Federation's Katherine Cullen explains, "What we are hearing form retailers is inventory may be a little tighter, so supply just might be lower than people might expect. Maybe instead of being able to easily find a shelf stocked with everything you're looking for; you may have to hunt around a little or you may only be able to buy two of something rather than five. "
She says prices on some supplies could also go up because there are supply chain issues across the world that are delaying shipments and creating rising costs and lower inventory.
Experts are encouraging parents and consumers to plan ahead and not wait until the last minute.
There are still some deals out there on school supplies, especially for teachers.


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DNA Black Friday/Cyber Monday AncestryDNA® will be on sale for $69 ($60 off).
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It’s a pretty amazing way to find family across the globe you might not even know you had.
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The trades symbolize the primary time that Goldman has used a digital property agency as a counterparty because the funding financial institution arrange its cryptocurrency desk final month, based on Galaxy co-president Damien Vanderwilt.
The strikes by Goldman, the preeminent international funding financial institution, could reverberate on Wall Road and past as banks more and more face strain from shoppers who need publicity to bitcoin. By being the primary main U.S. financial institution to start buying and selling cryptocurrency, Goldman is basically giving different banks cowl to start doing in order effectively, stated Vanderwilt, a former Goldman companion who joined Galaxy final yr.
“There’s an entire dynamic with the main banks that I’ve seen time and time once more: security in numbers,” Vanderwilt stated this week in an interview. “As soon as one financial institution is on the market doing this, the opposite banks may have [fear of missing out] and so they’ll get on-boarded as a result of their shoppers have been asking for it.”
Galaxy was scheduled to announce Friday that it’s going to function Goldman’s “liquidity supplier” – Wall Road parlance for a corporation that gives quotes for purchase and promote orders – on CME Group bitcoin futures. Final month, in a memo first reported by CNBC, Goldman stated it could signal on “new liquidity suppliers to assist us in increasing our providing.”
“Our aim is to equip our shoppers with best-execution pricing and safe entry to the property they wish to commerce,” Max Minton, head of digital property for Goldman’s Asia-Pacific area, stated in an announcement. “In 2021, this now consists of crypto, and we’re happy to have discovered a companion with a broad vary of liquidity venues and differentiated derivatives capabilities spanning the cryptocurrency ecosystem.”
Goldman is leaning on Galaxy for entry to the crypto world as a result of the extremely regulated banking trade cannot deal with bitcoin immediately, based on Vanderwilt.
However nothing prevents banks from dealing in monetary wagers tied to the worth of the underlying cash, and that’s the place Wall Road is beginning its crypto journey. There are parallels within the commodities realm, wherein banks commerce publicity to hogs or corn with out proudly owning the bodily asset, he stated.
Galaxy — whose administration ranks are stocked with ex-Goldman executives aware of working regulated companies — positions itself as a bridge for monetary corporations and crypto venues. The agency, whose shares are listed on the Toronto Inventory Trade, will possible provide shares within the U.S. this yr.
It is a step towards the imaginative and prescient that Vanderwilt and the opposite former Goldman executives have for the event of bitcoin’s market infrastructure. As extra banks permit shoppers together with hedge funds, pensions, household places of work and sovereign wealth funds to commerce bitcoin, the depth and breadth of the market improves, which in the end ought to decrease bitcoin’s well-known volatility, he stated.
“You are shifting the market members from being north of 90% retail, an enormous chunk of which have entry to ridiculous quantities of leverage, into an institutional neighborhood, who’ve correct, tried-and-tested guidelines and rules about leverage, asset-liability mismatch and threat,” Vanderwilt stated. “The extra exercise that strikes into the institutional neighborhood, the much less volatility there can be.”
Banks will be capable of provide shoppers methods to wager on bitcoin utilizing derivatives, taking a web page from the world of established finance, he stated. That features arbitrage bets associated to the worth hole between CME bitcoin futures and bitcoin itself, relative worth trades between bitcoin and ethereum, and the creation of bitcoin structured notes.
Goldman’s steps in cryptocurrency buying and selling are taking place regardless of sustained skepticism towards bitcoin from different elements of the agency. Most notably, the financial institution’s chief funding officer for wealth administration has referred to as bitcoin a bubble that is not acceptable for buyers.
But when sufficient buying and selling shoppers ask for a product, funding banks are obliged to offer it, a dynamic that Vanderwilt has seen in different nascent markets around the globe throughout his 20 years at Goldman.
“If the cellphone rings sufficient instances and shoppers are attempting to get publicity, you ultimately work out the right way to do it for them safely, understanding that your position on this planet is to intermediate publicity safely, to not act as a fiduciary,” he stated.
The milestone brings Vanderwilt full circle together with his former life. In 2017, as a senior Goldman buying and selling government, he was tasked with serving to begin the financial institution’s first effort to commerce bitcoin futures. That plan was later shelved. Now he is serving to make it occur from his place at Galaxy.
“There’s lots of irony, I smile about it loads,” Vanderwilt stated. “However I am actually pleased, it is a pleased full circle.”
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During the year, 2,277 private tech companies were acquired globally, according to a study from CB Insights. While most of the deals were relatively small, or completed without a disclosed transaction value, eight of the companies were purchased for more than $1 billion.
You are browsing the archive for SonicWall - peHUB.
In 2010, Thoma Bravo, Ontario Teachers’ put $280 mln equity into their buy of SonicWall. Today, Dell said it was acquiring SonicWall in a deal valued at $1.2 billion.
(Reuters) – SonicWall Inc (SNWL.O) said the third-party bidder that offered to acquire the IT security company for $12 a share in cash no longer intended to pursue the deal. Shares of SonicWall, which provides secure Internet access to both wired and wireless broadband customers, fell 3 percent in trading before the bell Tuesday. In [...]
(Reuters) – IT security company SonicWall Inc (SNWL.O) said in a filing it had been approached by a privately held company to be acquired for $12 a share, trumping an earlier offer from private equity firm Thoma Bravo. Earlier this month, the New York-based private equity firm had offered to acquire the company for $11.50 [...]
NEW YORK (Reuters) – SonicWALL Inc (SNWL.O) agreed on Wednesday to be bought by an investor group led by private equity firm Thoma Bravo in a deal the IT security company valued at about $717 million. SonicWALL shareholders will receive $11.50 per share in cash, a 28 percent premium over the Wednesday’s close. SonicWALL said [...]


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National Convention Bureau Association takes part in the VII Asia + Europe Event Forum 2018 (EFEA)
The VII Europe + Asia Event Forum (EFEA) has kicked off in St. Petersburg. The key players on the event market and representatives of Russian and foreign event management companies have arrived in the northern capital of Russia to take part in the Forum.
On 18 January 2018, Roscongress Foundation CEO Alexander Stuglev addressed the Forum participants at a formal opening ceremony. In his opening remarks, Mr. Stuglev stressed that the business tourism industry was developing rapidly. The Roscongress Foundation CEO also noted that the National Convention Bureau Association was set up in Russia in 2017, with Roscongress Foundation as one of its founders.
The Association is a partner of the Forum. The head of the NCBA delegation, Association CEO Alexei Kalachev said: “One of the key goals of the NCB’s participation in the Forum is to present the market’s major players with the opportunities and terms of membership in the Association. At the Asia + Europe Event Forum in St Petersburg, the National Convention Bureau has produced a programme of events to be held in 2018. Details about the organization’s activities are presented at the Association’s stand at the Event Expo.”
During the Asia + Europe Event Forum, the members of the Association’s delegation will take part in the Forum’s business events and sessions, and they will also hold over 100 meetings with EFEA participants and guests at the Business Contacts Exchange.
The National Convention Bureau Association is a partner of the session of the VII Asia + Europe Event Forum devoted to problems of creating a competitive national brand and the role of events in promoting the destination.
On 18 January, National Convention Bureau Association CEO Alexei Kalachev took part in the panel session of EFEA. He spoke about the opportunities for Russia’s promotion on public/private partnership terms and also elaborated on the Association’s goals as part of such cooperation.
On 19 January, the final day of EFEA, the National Convention Bureau Association will invite representatives of regional and foreign convention bureaux, as well as companies involved in developing this industry, to a Business Breakfast. The Bashkortostan Convention Bureau, the Saint Petersburg Convention Bureau, the Black Sea Convention Bureau, the Thailand Convention and Exhibition Bureau (TCEB) and some others have already confirmed that they will be participating.
“The results of the National Convention Bureau Association at the Asia + Europe Event Forum will be considered when shaping the marketing strategy for developing Russia’s events industry and promoting its players abroad”, commented National Convention Bureau Association CEO Alexei Kalachev. “As we could see from our participation in the industry events, the activities of the National Convention Bureau are triggering a great deal of interest among market participants. We hope that, at the EFEA, we will not only effectively present our opportunities and plans for 2018, but will also discuss the prospects for cooperation and exchange of experience with our foreign colleagues.”