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T-Mobile G1 – Google Android Phone Details
The details about long awaited HTC Dream or T-Mobile G1, the Google Android powered phone is finally revealed. It has a 3-inch touch screen along with QWERTY keypad and Internet navigation buttons. The home screen of the phone does look like an iPhone screen. One of its main features is multitasking, now you can receive your messages even when you are talking on your phone.
Images from Gizmodo
Drag and Drop can be performed by swiping the touch screen. It will come with Google Maps Street view and will have a compass mode where the screen will move with the user. It will also have a 3.1 MP camera and will have GSM/GPRS/EDGE/WiFi /HSDPA connectivity. There will be an Android market, an application store for the Android phones from where applications can be downloaded. Amazon’s mp3 store will be preloaded on every G1 phone thus allowing the download of millions of tracks.
The phone will have a browser called WebKit that uses the same base technology as Google Chrome and will be called Chrome Lite. The phone will allow for a robust gmail experience and faster email search and integration with Google Talk. It will comes with a 1GB microSD card and will support upto 8GB. It will have a talk time of 5 hours and standby time of 130 hours.
The phone will be available through T-Mobile in US on October 22 for a price of $179 with a two year contract. UK users will get it on early November while Germany, Austria, Czech and Netherland can expect in first quarter of 2009. So now move over Symbian, Windows Mobile cause Android is here.


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Review of Top Mobile Events for 2010, With Predictions for 2011
If you have to pick one word to sum up this year, you'd be hard pressed to find a more fitting one than "Android." Why? Consider this: Google's mobile OS had less than 3 percent of the global smartphone market in January, but during 2010 sales of Android mobile devices went berserk. The mobile operating system has gone from weakling to 800 pound gorilla in the space of 12 months, and the little green trashcan now commands a staggering 25 percent of the smartphone market, according to Gartner -- more than Apple's iOS (17 percent), more than RIM's BlackBerry OS (15 percent), and within spitting distance of world market leader Nokia. By contrast 2010 was a miserable year for the Finnish mobile device maker, which saw its market share drop like a stone from almost 50 percent to 37 percent as the world abandoned Nokia products in increasing numbers. Where did it all go wrong for the Finns? Partly Nokia got caught napping while consumers and business users moved to touchscreen devices, and partly the company's response to this was more confusing than the story line of the movie Inception. During 2010 Nokia users learned that Symbian was finished, Symbian^3 was on its way, and Maemo, Nokia's other mobile OS, was merging with Intel's Moblin to make Meego. Understandably many decided it was all too much, and just bought an Android device instead. Few could blame them. On the other hand, the past year promised to be a year of plenty for Apple, and the year certainly started with a bang when the Cupertino company launched its iPad to great critical acclaim. Customers queued up to buy them and enterprise software companies such as Oracle, Citrix and Salesforce.com flocked to make apps for them. Rumors soon abounded of Android tablets that would be available at half the price to provide some healthy competition in the newly-hot tablet space.
April saw the first big casualty of the year, with poor old Palm finally giving up pedaling its generally well-reviewed but rarely-bought Pre smartphone, as well as its Pre-lite Pixi device. Truth be told, Palm only ever made one really great device, the original Palm Pilot, and it's been downhill ever since. The company was swallowed whole for $1.2 billion by the giant HP, which plans to produce smartphones and tablets with Palm's webOS next year. With the considerable resources of HP behind it, only a fool would write webOS off yet. Apple didn't rest on its laurels after the launch of the iPad. In June, shortly after overtaking Microsoft to become the world's biggest technology company, it introduced the iPhone 4. This was supposed to be its most fun and most enterprise-ready iPhone ever. Trouble was, no one at Apple seemed to have noticed that the devices' external antennas didn't work too well when held in the so-called grip of death. "Antennagate" caused plenty of headlines (although it didn't seem to hurt sales too much) and resulted in Apple releasing a hasty firmware update to correct the way that signal strength is displayed. The company also -- for a limited time -- offered a free case to everyone who had bought an iPhone 4.
Froyo, Windows 7 and RIMJune also saw the release of Android 2.2 Froyo, a watershed version of Google's OS which offered noticeable speed improvements as well as introducing a mass of new features including better Microsoft Exchange support, Adobe Flash 10.1 support, and, for road warriors with laptops, a rather handy Wi-Fi hotspot functionality. Froyo was initially available on Google's Nexus One handset, but was quickly (and in some cases not so quickly) rolled out to most of the current Samsung, Motorola and HTC Android phones on the market.
Microsoft found itself severely embarrassed in July thanks to "Kin-gate." The Redmond giant was in an awkward place anyway with the terrible Windows Mobile 6.5 on its last legs and the all new Windows Phone 7 OS still several months away, but what on earth possessed the company to launch a over-priced kids' social networking phone called the Kin, which couldn't even run mobile apps? After just three months on the market and a rumored 500 units sold, Microsoft abandoned the wretched device and slunk off, tail between its legs, to concentrate on its last throw of the dice in the smartphone space: Windows Phone 7. RIM tried to stem its falling market share with the launch in August of BlackBerry 6, its all singing, all dancing touchscreen smartphone OS, running on the BlackBerry Bold 9780, BlackBerry Style 9670 and BlackBerry Torch 9800. BlackBerry users seem to like it, but it offered no compelling reason for Android or iPhone users to defect to it. Hardcore enterprise BlackBerry users were alarmed shortly after when RIM ran into trouble in various countries including India and Saudi Arabia. The problem stemmed from the fact that the mobile security on BlackBerry devices is so great that the authorities couldn't intercept users' messages in those countries. Threatened with being banned, RIM finally came to a deal which involved installing local servers in the countries concerned to enable the spooks to tap in to BlackBerry communications. RIM wasn't finished though, and in September the company announced its PlayBook tablet, a companion to BlackBerry 6 devices and a competitor to Apple's iPad. The tablet will support Flash 10.1, and will run the esoteric QNX Neutrino operating system. The announcement of the PlayBook begged one big question: where was that deluge of Android tablets that everyone expected when the iPad was launched? September did bring a partial answer -- in some countries at least -- in the form of the generally well received 7" Samsung Galaxy tablet running Android 2.2 Froyo. The year drew to a close with the launch of Windows Phone 7, complete with an Office hub and Exchange readiness, to great fanfare and much TV advertising. Unfortunately for Microsoft the market reaction was distinctly "meh", with many retailers finding the mobile devices hard to shift, and only a rumored 40,000 sold in the first day. That might seem like a large number, but early indications are that Nokia's N8 running Symbian^3 is outselling Windows Phone 7 devices by a margin of 3 to 1.

domain: news


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Changing lifestyles and financial behaviours.
These were the considerations why Bank of Ayudhya is focusing on electronic banking development rather than branch expansion.
BAY is cutting back on aggressive branch expansion to concentrate on e-banking development.
Still, BAY plans to add new 50 branches across the country next year to its existing 600 branches, according to Dan Harsono, the chief marketing officer.
Financial transactions via e-banking are higher than using traditional branch channels, with growth in both internet and mobile banking.
However, the bulk of transactions are still made through ATMs, with BAY's total financial transactions numbering 6-7 million a month, he said.
"BAY will continue to improve e-banking services with the goal of increasing banking transactions," said Mr. Harsono.
Do you know more about this story? Contact us anonymously through this link.


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by Tom Miller
In 1909, former judge William N. Cohen completed construction of a single-story double store building at 2625 and 2627 Broadway. Designed by Hedman & Schoen, it was most likely intended to be temporary. Nevertheless, its two shops reflected the upper-middle-class tenor of the neighborhood.
The stationery store of Ziv Brothers moved into 2625 Broadway, while J. Furman & Brother, custom furriers, leased the store next door. Along with creating custom furs to their patrons’ specifications, the firm did “repairing and remodeling” as well.
In 1914 Ziv Brothers was taken over by E. Friedman. An article in The American Stationer that year said that Friedman had “opened a high-class stationery store at 2625 Broadway,” adding, “Mr. Friedman is putting in a full line of very high-grade stationery to suit the tastes of the public residing in his territory.”
For whatever reason, in 1919, both J. Furman & Brother and E. Friedman gave up their leases. On October 15 that year, the Tobacco Record reported succinctly, “L. Friedman, 2625 Broadway, has sold out to Peirssin & Albert.”
After years of having been a stationery store, 2526 Broadway became home to Wise & Steinberg’s butcher shop around 1930. That was replaced by the Paramount Food Market, another meat store, before 1941. The shop would be a mainstay within the neighborhood for decades.
Paramount Food Market, along with butcher shops across the nation, was deeply affected by a housewife-led boycott in 1973.
Paramount Food Market, along with butcher shops across the nation, was deeply affected by a housewife-led boycott in 1973. On April 4, The New York Times began an article saying, “Shoppers here and across the country, still irate at the high prices of meat, gave no indications yesterday of waning enthusiasm for the…boycott, which has sharply curtailed business at thousands of butcher shops and meat counters.” The president of Edmund Mayer, Inc., one of the largest wholesale beef distributors in the city, said that farmers were withholding cattle from the market, and slaughterhouses were shutting down “from Amarillo to Chicago.”
A reporter from The New York Times stopped by the Paramount Food Market to talk to Max Friemark about the boycott, who admitted, “It’s effective. There’s no doubt about it.” While the two talked, an elderly man came to the door and confided, “I want to buy, but I’m afraid some of these women will see me. I don’t like the neighbors to see me.”
The two diminutive shops survived until 2005 when most of the block was demolished to make way for a 31-story high-rise.
Tom Miller is a social historian and blogger at daytoninmanhattan.blogspot.com
Be a part of history!
Think Local First to support the businesses at 2625-2627 Broadway:


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Most Popular in:
New in Regulation (page 8 of 11)
Apr 04, 2011 | 01:33 PM CDT
The U.S. Food and Drug Administration (FDA) has sent a message to consumers requesting them to notify it of all adverse reactions to beauty, personal hygiene and color cosmetic products.
Mar 01, 2011 | 03:34 PM CST
Industry leaders gather in Florida to discuss moving beauty business forward in an increasingly connected world.
Oct 13, 2010 | 12:43 PM CDT
The U.S. Federal Trade Commission's proposed updates "will help businesses better align their product claims with consumer expectations.”
Aug 03, 2010 | 03:06 PM CDT
By: Steve Herman
Nanotechnology has many potential applications for beauty, and a public attracted to technology and the effective delivery of actives will be attracted by “nano” on the label.
Jul 16, 2010 | 10:06 AM CDT
The Personal Care Products Council has effected an initiative through which the U.S. Food and Drug Administration (FDA) would have a greater role in assessing ingredient safety for personal care products sold in the United States.
Apr 12, 2010 | 04:35 PM CDT
Workshop to cover latest regulations governing the beauty industry, and will include Q&A sessions.
Mar 31, 2010 | 04:10 PM CDT
Linda Katz, director of the FDA’s Office of Cosmetics and Colors in the Center for Food Science and Applied Nutrition, to present and answer questions.
Dec 22, 2009 | 10:50 AM CST
Indonesian cosmetics and herbal medicine producers are requesting an exemption for their products from the ASEAN-China free trade agreement.
Jul 01, 2009 | 11:16 AM CDT
Dubai Municipality is cracking down on manufacturers and distributors of personal care products containing banned substances linked to cancer and animal products that violate Islamic beliefs.
Jun 15, 2009 | 12:32 PM CDT
Final version of the Cosmos standard announced. Organic Monitor outlines most prominent natural and organic standards; announces master class series to navigate standards and labeling.


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In the first two months of this year, Audi has managed to deliver more cars than BMW, giving it the title of the world’s best-selling luxury automaker.
In the first two months of this year, Audi has managed to deliver more cars than BMW, giving it the title of the world’s best-selling luxury automaker. Although Audi sold more cars than BMW in January and February, Audi’s 242,400 vehicles sold is only 383 more than BMW.
For the same period last year, BMW, which has held the top spot for nine straight years, sold just 429 more vehicles than Audi. Audi’s lead may get bigger as the automaker plans to introduce 17 new or revamped models in 2014, but BMW is also releasing its own new models like the 2-Series Active Tourer and 4-Series Gran Coupe.
Related: 2015 Audi A3 Sedan Priced at $29,900
“Competition in the premium segment is more intense than ever,” Audi Chief Executive Officer Rupert Stadler said today at the company’s headquarters in Ingolstadt. “We’re ahead of our two main rivals in the first two months, but this doesn’t really interest me much. Our focus is on further growth.”
Audi’s sales momentum is attributed to strong sales of the new A3 and the Q7 SUV. Mercedes-Benz still holds the number three spot, but it is closing the gap.
Source: Automotive News


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How are we doing in Latin America? Do we have mixed units of M&A, Corporate Venturing and R&D and Innovation?? or What do we have?
Video: Corporate Venturing
From downtown San Francisco to Palo Alto, companies like American Express and Ford are opening offices and investing millions of dollars in local start-ups. This year, American Express opened a venture capital office in Facebook‘s old headquarters in downtown Palo Alto. Less than three miles away, General Motors‘ research lab houses full-time investment professionals, recent transplants from Detroit.
“American Express is a 162-year-old company, and this is a moment of transformation,” said Harshul Sanghi, a managing partner at American Express Ventures, the venture capital arm of the financial company. “We’re here to be a part of the fabric of innovation.”
But unlike traditional venture capitalists, multinationals are less interested in profits. They are here to buy innovation – or at least get a peek at the next wave of emerging technologies.
Banco Bilbao Vizcaya Argentaria, the large Spanish banking group, opened an office in San Francisco last year. The team, which has about $100 million to fund local start-ups, is looking for consumer applications that will help the bank create new businesses and better understand its customers.
“We are in one of the most regulated and risk-averse industries in the world, so innovation doesn’t come naturally to us,” said Jay Reinemann, the head of the BBVA office. “We want to avoid the video-rental model. We want to evolve alongside our consumers.”
The companies are hoping to tap into the entrepreneurial mind-set. Multinationals, with their huge payrolls and sprawling operations, are not as nimble as the younger upstarts. While they are rich in resources, big companies tend to be more gun-shy and usually require more time to bring a product to market.
Of the 750 corporate venture units, roughly 200 were established in the last two years, according to Global Corporate Venturing, a publication that tracks the market. In the last year, corporations participated in more than $20 billion of start-up investments.
Big business has played the role of venture capitalist before, with limited success. During the waning days of the dot-com boom, financial, media and telecommunications companies sank billions of dollars into start-ups. Companies say they are taking a different approach this time. Rather than making big bets across the Internet sector, investments are smaller and more selective.
As they try to find the right start-ups, some are forging tight bonds with local firms. BBVA, for example, is an investor in 500 Startups, a venture firm that specializes in early-stage start-ups and is run by Dave McClure, a former PayPal executive.
Unilever and PepsiCo are limited partners in Physic Ventures, a venture capital firm designed to help corporate investors build commercial partnerships with portfolio companies. Both Unilever and PepsiCo have installed full-time employees in Physic’s downtown San Francisco offices.
American Express has stacked its investment team with technology veterans. Mr. Sanghi, the head of the office, has spent roughly three decades in Silicon Valley and formerly led Motorola Mobility’s venture arm. Through its network of relationships, the office has met with roughly 300 start-ups in the last six months.
The connections have started to pay off. Vinod Khosla, the head of Khosla Ventures and a co-founder of Sun Microsystems, introduced the American Express team to the executives at Ness Computing, a mobile start-up. In August, American Express partnered with Singtel, the Singapore wireless company, to invest $15 million in Ness.
Taken from: Mutinationals stake a claim in venture capital. New York Times. Evelyn M. Rusli
Nine of the 10 possible IPOs this year identified by news provider CNN has corporate venturing backing.
This could be a record. The 10th is Arista Networks, founded and funded by legendary entrepreneurs and angel investors David Cheriton and Andy Bechtolsheim – their trophies include writing the first cheques to search engine Google and server maker Sun.
The 10 are:
Twitter, backed by DST, Mail.ru and JP Morgan
Violin Memory, backed by Toshiba and Juniper
Square, backed by Visa, Starbucks
Xoom, backed by SVB Financial Group
Dropbox, backed by Goldman Sachs
Box, backed by SAP Ventures and Salesforce
Marin Software, backed by SAP Ventures
Kabam, backed by Intel Capital, Warner Bros and MGM
Opower, backed by General Electric
Taken from: Corporate Venturing, Jame Mawson.


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Two years ago at the Housewares Show in Chicago, I saw the emergence of a new trend called guided cooking. At the show, companies like Cuciniale, Oliso and Hestan Cue showed off early efforts to combine sensors, software, precision heating and content in an orchestrated experience that guides home cooks through the creation of a meal.
As I said of my effort to make salmon with the Hestan Cue, using a guided cooking system for the first time was something of a revelation:
“…this combination of the pan, burner and app and the guidance system they had built that really led me to see the possibilities around this new category. I am not a great cook by any stretch of the imagination, but I cooked one of the tastiest pieces of salmon I’ve ever had in about 20 minutes. The experience was enabled through technology, but the technology didn’t take me out of the experience of cooking. Further, I can see as I gain more confidence using a system like this, I can choose to “dial down” the guidance needed from the system to the point I am largely doing most of the cooking by myself (though I don’t know if I’d ever get rid of the automated temperature control, mostly because I’m lazy and it gives me instant “chef intuition).”
Fast forward a couple of years and the guided cooking trend continues to gain momentum. A number of companies talked up new guided cooking platforms at CES in January, from big appliance makers like Whirlpool and LG to big tech platform providers like Google and Amazon.
And at the Housewares show in Chicago this week, guided cooking was everywhere. Hestan Cue, now shipping, was on display this week in the Smart Home pavilion. iCuisine, a startup that utilizes a modular sensor to connect to everyday kitchen tools to a guided cooking app, had its own take on step-by-step cooking instruction. Vorwerk’s Thermomix showed off their all-in-one multicooker with built-in guidance and talked about the company’s online recipe platform, the Cookidoo.
Over at the Gourmia booth, the prolific maker of low-cost connected cooking devices showed off a variety of connected devices, including a Thermomix-like multicooker with built-in cooking guidance. The company’s head of product told me the Gourmia multicooker will eventually act as a smart kitchen hub that enables cross-device cooking orchestration with other Gourmia appliances. As I left the booth, celebrity chef Cat Cora was performing a cooking demo in the booth and talking about the concept of smart recipes.
Chefman, another maker of low-cost connected cooking appliances, showed off its sous vide cooking app with newly integrated guided cooking capabilities at the show, and a company spokesperson told me the company plans to add guided cooking to all of their connected cooking appliances this year.
Meanwhile at SXSW (which annoyingly was at the same time as the Housewares Show this year), Innit announced the release of Google Assistant functionality within the Innit app they first demoed at CES. With Google Assistant, a home cook can navigate the Innit app’s guided cooking features via voice. According to company COO Josh Sigel, the release marks the first third party app which is completely controllable via Google Assistant.
Of course, like any new trend, there will be hits and misses as products roll out. Early reviews of the Tasty One Top have been somewhat subpar, while my experiences with some of the early Amazon video cooking skills have been hobbled by lack of YouTube integration and the early stage of cooking capabilities in their Alexa skill API.
All that said, I think we can expect lots more in the guided cooking space as 2018 unfolds. I saw a slew of products in Chicago under embargo that are slated for later this year that offer new approaches to guided cooking, and there will no doubt more guided cooking products being developed in stealth that should see the light of day at IFA and Smart Kitchen Summit.
Bottom line: what started as a trend a couple years ago is fast becoming a central theme for appliance makers big and small, making 2018 a big big year for guided cooking.


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291 words. Approx 1.5 mins to read.
We’re working on a fully biodegradable paper tea bag, making Co-op Food the first retailer to find a solution to the problem of plastic waste caused by the nation’s favourite beverage.
Many tea drinkers are blissfully unaware that the teabag from their daily cuppa is sealed using plastic. Even though it’s a relatively small amount, when you consider the six billion cups of tea that are brewed up every year in the UK, we are looking at around 150 tonnes of polypropylene – that’s an enormous amount of accumulated plastic waste that is either contaminating food waste compost collections or simply going to landfill.
A cup of tea is part of our national psyche, so we felt it was imperative that we fix the problem as soon as possible. We’re absolutely committed to reducing plastic in our packaging and want to ensure that tea lovers can enjoy a guilt-free brew.
Our famous Co-op 99 tea will be developed without polypropylene, which is an industry-wide method used to enable teabags to hold their shape. This could save nine tonnes of plastic every year from being dumped into household rubbish and compost collections.
The new bio-degradable bag which is due to undergo rigorous testing in February could be on shelves later this year. Intended to be rolled out across the Co-op’s entire own-label standard tea range, it will be fully compostable in food waste collections after use.
This latest development is one of the many we’re making as part of our long-term ambition for 100% of our product packaging to be recyclable with an interim target of 80% by 2020. This includes reducing the use of unnecessary and hard-to-recycle plastic packaging and using more recycled content wherever possible.
Co-op Food CEO


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by Marc Bastow | June 13, 2013 4:45 pm
Much like Wednesday turned tail, so did Thursday — only this time, the end result was well in the black.
U.S. retail sales rose 0.6%, beating expectations and the best reading since February, and applications for first-time unemployment claims dipped. That good news helped investors shrug off worries about tumult in international equity markets and sent the major indices off to solid gains.
By day’s end, the S&P 500 rose 1.48% to close at 1636.36, the Nasdaq moved ahead 1.32% to finish at 3445.37, and the Dow Jones Industrial Average finished up 1.21% to 15176.08.
Media company Gannett (GCI), the publisher of USA TODAY, roared ahead by about 34% after announcing it would buy television station owner Belo (BLC) for $1.5 billion, or $13.75 per share — a 28% premium to Belo’s Wednesday closing price. The deal that will double the number of television stations Gannett owns.
Other broadcast and media companies moved ahead in sympathy, with Lin TV (TVL, +20.1%), Sinclair Broadcasting (SBGI, +12.7%), and Media General (MEG, +8.8%) all moving higher on the day.
Grocery chain Safeway (shares rose over 7% after it announced late Wednesday that it was selling its Canadian operations to Sobey’s for $5.68 billion. Safeway said it will use the proceeds from the sale to pay down $2 billion in debt, buy back stock and support growth elsewhere.
Lastly, beauty products company Coty ( made its public debut on the New York Stock Exchange after raising $1 billion through an initial public offering that priced shares at $17.50 apiece. Shares of the cosmetics maker dipped just under 1%, closing below the IPO price. )
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities.
Source URL: https://investorplace.com/2013/06/thursdays-ip-market-recap-gci-blc-tvl-meg-sbgi-coty/
Short URL: http://invstplc.com/1fw2ptN
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.


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By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Sales of in-dash A/V navigation head units (known as AVN) rose significantly this June over June 2006 according to The NPD Group, which found the category jumped 50 percent in units and 14 percent in dollars at retail.
Market leader Pioneer estimates suppliers will sell 200,000 AVN units this year to consumers. The company said its sales soared 60 percent in AVN for the April-July quarter compared to the same period last year. "We anticipate that growth if not more for next year," said Ed Sachs, president of the mobile entertainment group.
Kenwood said it also seeing current growth in the range of the numbers put forth by NPD, but it and others predict more modest gains for the industry as a whole this year. Eclipse and Panasonic said they expect AVN industry growth in the range of 14 percent or 15 percent in units and a few percent in dollars.
Alpine said its AVN business is expected to grow by 10 percent this year in units and few percentage points in dollars.
The market was spurred earlier this year when Pioneer lowered the ground price of AVN by $400 when it launched the AVIC-D3 at $1,000. That unit has been in frequent backorder although Pioneer said it hopes to catch up with demand in the next couple of months.
Kenwood has also recently made inroads in the market with the DNX7100 at a suggested $1,400, which many 12-volt specialists are pushing as a step-up alternative to the Pioneer D3 as the Kenwood model adds multitasking, or the ability to play a CD or DVD while navigating. It also commands about a 35-point margin for retailers, they said, which, at about $500, is a welcome profit center. Kenwood is also in back order on the 7100 but hopes to catch up with demand this month.
Also in navigation, this month, Alpine began shipping the portable B200 personal navigation device (PND), which docks directly inside the current Alpine IVA-W205 in-dash video head unit and then sends the navigation image to the W205's larger 6.5-inch screen.
Eclipse said it is in the process of setting up endcap displays at Circuit City for its AVN2210P in-dash CD receiver that docks with a TomTom PND.
Navigation is gradually taking the place of higher end in-dash video because as prices drop, AVN has become a small, $200 step-up sale. Said Robert Lopez, Panasonic mobile entertainment director, "For a few extra dollars" customers easily step up to navigation. It has converted a lot of A/V customers to AVN customers." He said Panasonic expects to broaden its new Strada AVN line next year.
Retailers such as Car Toys, Crutchfield and Al & Ed's also reported solid gains in in-dash AVN, with Car Toys claiming "substantial double-digit gains" in the segment, according to Dan Jeancola, merchandising senior VP.
Suppliers said they do not expect significant price erosion in the category this year or early next year as offshore suppliers have yet to gain share in the AVN market.
|Item Description||Dollar Volume Share Jun 07||Avg. Price Jun 07|
|1. Pioneer AVIC-D||46||$932|
|2. Pioneer AVIC-Z2||16||$1,964|
|3. Kenwood DNX-7100||15||$1,312|
|4. Pioneer AVIC-N3||6||$1,252|
|5. Pioneer AVIC-Z1||3||$1,647|
|Item Description||Dollar Volume Share Jun 06||Avg. Price Jun 06|
|1. Pioneer AVIC-Z1||24||$2,109|
|2. Pioneer AVIC-N3||19||$1,694|
|3. Eclipse AVN5435||18||$1,388|
|4. Pioneer AVICN2||9||$905|
|5. Pioneer AVIC-D2||8||$1,399|
|Source: The NPD Group © TWICE 2007|
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.


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|By PR Newswire||
|February 4, 2014 06:18 AM EST||
NEW YORK, Feb. 4, 2014 /PRNewswire/ -- Drink Me Magazine, the beer, wine and spirits lifestyle publication, today announced its top 150 best products for 2014. The Drink Me editorial team tasted through hundreds of different examples in each category to narrow down its 50 best beers, wines, and spirits. The judging and selections were led by Brian Freedman, Drink Me Magazine's new Editor-in-Chief.
The inaugural Drink Me 2014 Elite 150 includes a wide range of beverages from producers both large and small, a breadth of choice that the selection process itself is designed to accommodate. From ambitious bottlings crafted by the largest manufacturers to more niche products pushed to market by smaller independent producers, the Drink Me 2014 Elite 150 represents the best of what the team of editors has sampled in the past year, regardless of how familiar or potentially surprising they may be to consumers and industry alike.
"By leveling the playing field, and considering everything we have tasted on its own merits and against likepriced products, we hope to introduce readers to beers, wines and spirits that they may not have considered or known about before," Freedman explained. "On this year's list, for example, our favorites ran the gamut from a Cognac costing more than $20,000 to a Blaufränkisch that offers fantastic bang for the proverbial buck at under $20. We believe that, these days, lovers of great beers, wines and spirits appreciate quality at all price levels."
BEST OF CATEGORY 2014 PRODUCTS AND PRODUCERS/IMPORTERS OF THE YEAR
Beer Importer of the Year: Paulaner HP USA for Fullers Portfolio, Beer of the Year: St. Stefanus Blonde, Brewery of the Year (Domestic): Milwaukee Brewing Company, Brewery of the Year (International): Brouwerij Westmalle, Cider of the Year: Boonville Cider House Bite Hard Apple Cider
Spirits Importer of the Year: Infinium Spirits for the Teeling Whiskey Company, Spirit of the Year: Four Roses 125th Anniversary Limited Edition Small Batch, Spirits Producer of the Year (Domestic): Ascendant Spirits, Spirits Producer of the Year (International): The Teeling Whiskey Company, American Whiskey of the Year: Lock Stock & Barrel, Irish Whiskey of the Year: Teeling Small Batch, Blended Scotch Whisky of the Year: Johnnie Walker Platinum, Single Malt Scotch Whisky of the Year: Bowmore Dorus Mor, White Whiskey of the Year: Dickel No. 1 White Corn Whiskey, Vodka of the Year: Ascendant Spirits American Star Vodka, Gin of the Year: Bulldog, Rum/Rhum of the Year: Rhum Clement Cuvee Homère, Tequila of the Year: Tequila Tapatio Blanco, Mezcal of the Year: Del Maguey Vino De Mezcal Tepextate, Liqueur of the Year: Pür Spirits Blood Orange, Brandy of the Year: Remy Martin Louis XIII Rare Cask 42,6, Aperitif/Digestif of the Year: The Range of broVo Amaro Bottlings
Wine Importer of the Year: Michael Skurnik Wines Broad Portfolio, Wine of the Year: Salon Le Mesnil Brut Blanc de Blancs 1996, Winery of the Year (Domestic): Charles Krug, Winery of the Year (International): Domaine Gayda, Value Wine of the Year ($12 and under): Charles & Charles Columbia Valley Cabernet Sauvignon - Syrah 2012, Sparkling Wine of the Year: Nicolas Feuillatte "Palmes d'Or" Brut 2002, Mad Hatter Award - Most Surprising Wine of the Year: Duck Commander Chardonnay 2012
FOR A COMPLETE LIST OF THE DRINK ME MAGAZINE 2014 ELITE 150 PRODUCTS:http://drinkmemag.com/misc_files/DrinkMe_2014_Elite_150.pdf
The Drink Me 2014 Elite 150 winners will be featured at two media and trade focused events in San Francisco and New York City, and included in the end-of-year Drink Me 2014 Buyers Guide, which will be distributed nationally through both digital and print channels.
About Drink Me Magazine
Drink Me is a lifestyle media platform that includes print, digital media, and live events created for the alcohol enthusiast. Developed to help our audience navigate the art and cultures of the world's premium alcohol products, Drink Me has built a passionate community that seeks out and shares the epicurean traditions of the leading premium wine, beer, and spirits categories.
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
SOURCE Drink Me Magazine
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
May. 31, 2016 04:00 PM EDT Reads: 2,710
SYS-CON Events announced today that Zerto will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clou...
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SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
May. 31, 2016 03:45 PM EDT Reads: 2,158
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
May. 31, 2016 03:15 PM EDT Reads: 960
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
May. 31, 2016 03:00 PM EDT Reads: 3,305
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
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The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
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@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
May. 31, 2016 02:45 PM EDT Reads: 3,194
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
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SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
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As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
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The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
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Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
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How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
May. 31, 2016 12:15 PM EDT Reads: 947


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Burt Brothers Opens 15th Store
An acquisition has allowed Burt Brothers Tire & Service Inc. to open its 15th store in Utah.
The newest location, at 241 W. 500 S in Provo, is the company’s southernmost store and it’s located in the hometown of Brigham Young University.
Jeremy Burt, one of the second-generation owners of Burt Brothers, says the company acquired the Provo store from another set of brothers: Lyle and Cory Brereton. Their father had started Brereton Automotive & Tire Co. more than 50 years ago.
Burt Brothers took over ownership on Sept. 1. Jeremy Burt says the Brereton brothers plan to “stay on to work and greet customers because they care most about their customers.
“They chose us because we’re both customer-oriented dealers and we put the customer first. They want to make sure that when customers come in, there’s a familiar face for the time being.”
All eight of the store’s employees have been retained by Burt Brothers, and Burt says more will be added as business growth warrants.
Burt says the store has 11 service bays and offers a mix of tires along with a full menu of automotive repairs. It also services a good number of fleets, including construction and delivery fleets that service the local community.
The store is currently undergoing some remodeling and updates to the showroom to make it match the comforts of other Burt Brother locations. Burt says all new shop equipment has already been installed.
Burt says the Breretons have been “good friends over the years,” and the Burt family had long wanted to do business in Provo, but out of respect for the Breretons had declined to open a store there. Instead, the Burt family had told the Breretons to “let us know when you’re ready” to exit.
“We’ve always wanted (a store) in the Utah County area. A lot of our current customers have their kids down at BYU,” he says, and they’ve wished for a nearby location to send their college-aged children.
Burt says the company’s continued growth is a testament “to our great team members. They’re the backbone of our business. They enable us to grow. When you come to work at Burt Brothers you have a career. There’s a path to move up and new stores make it a lot easier for our people to see that vision.”
There’s even more growth on the horizon. Burt says in 2023 the company is planning to begin construction on a new store in Tooele, Utah, — and there are other ground-up builds and acquisitions on the horizon.


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Renault Vision Scenic concept hints at new EV
Say hello to the Renault Vision Scenic – a concept featuring an innovative hydrogen-electric drivetrain.
While this stunning design is still very much a concept, it does give us a glimpse of what we could expect from a Renault Scenic in the future.
The Scenic has been discontinued, but if you cast your mind back you’ll remember it was a family people carrier available as a five and seven seater for more than two decades.
This concept couldn’t be further apart in the styling department – it’s more SUV than MPV and features a striking look that borrows elements from the recent Renault 5 EV concept.
In fact from many angles, it also has elements of cars like the Hyundai Ioniq 5 and Kia EV6 – a hint that future EVs from Renault might be quite different from its current line-up – in the styling department at least.
The most innovative feature of the concept is the drivetrain, that uses a hybrid hydrogen fuel cell to produce power for a 200hp motor. Courtesy of this fuel cell, the car’s 40kWh battery pack can be charged on the go.
With a full charge, this would allow the car to travel around 500 miles before a refill of hydrogen was needed – further than many EVs with conventional battery-powered vehicles can currently manage.
We’ll have to wait and see if this drivetrain eventually makes its way into a production version, keeping in mind that there are currently only a handful of fuel stations that can cater for hydrogen vehicles in the UK.
It’s likely a production version will be unveiled before 2025. We’ll bring you the latest details and specs as and when they are revealed.


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Users have almost stopped switching to Windows 11 from previous versions of Microsoft. Its popularity has skyrocketed, while Windows 10 continues to break all records. Experts attributed this to the excessively high requirements of Windows 11 for the hardware content of the PC – not all users can afford a computer or laptop that satisfies them.
The new is not always better than the old
The growth in the number of Windows 11 users has slowed sharply, although only six months have passed since the release of its first stable build. This is evidenced by the statistics of the AdDuplex service. According to the data provided, in March 2022, the number of PCs worldwide operating under this system increased by only 19.4% since its inception.
It should be borne in mind that Windows 11 could be used long before its release on October 5, 2021. Microsoft, which left Russia in March 2022, but then decided without much fuss to return to the country, introduced Windows 11 back in June 2021. At the same time, the corporation allegedly accidentally allowed the leak of the early assembly of the system a week before the official premiere.
The world is not ready to move to Windows 11
For example, in March 2022, the share of Windows 10 version 21H2 users increased by 28.5% since November 2021, when Microsoft released this update. At the same time a month earlier, this figure was 21%.
The reason lies on the surface
Based on the data obtained and the fact that the growth in the number of PCs based on Windows 11 has slowed down, a number of conclusions were drawn. In particular, they believe that the computers of those users who could upgrade to Windows 11 without any problems, have already received a new operating system. Now, analysts say, the further growth of Windows 11’s share of the global PC market will directly depend on the pace of purchases of new laptops and desktops that meet its system requirements.
In other words, AdDuplex experts believe that the reason for the low popularity of Windows 11 among users lies in its increased requirements for “iron”. CNews wrote about this in the summer of 2021, when the system was still under development, but Microsoft not only did not try to curb the “appetites” of its system, but also constantly closed the loopholes found by users to install it on incompatible computers.
In fact, Windows 11 is only a slightly improved Windows 10, released in July 2015. For stable operation of Windows 10 will need 2 GB of RAM, 20 GB of free storage and almost any processor released since the beginning of the XXI century.
Windows 11 requires the PC to have at least 4 GB of RAM and 64 GB or more of free space. This immediately cuts off users who have a 64-gigabyte drive on their tablet, computer or laptop, because if the system needs that much space, the hard drive or SSD drive must hold at least 80 GB to leave at least some space for files user. Microsoft’s “disdainfulness” of Windows 11 for disk space is explained as follows: “You may need additional storage space to download updates and certain features.”
In March 2022, the situation has hardly changed
But most of the problems are processor compatibility. Windows 11 runs at least with the eighth-generation Intel Core (Coffee Lake), released in late 2017. Older CPUs are no longer suitable. The same goes for AMD chips – Microsoft’s new system needs at least the 2000 Ryzen series, released at the same time as Coffee Lake. The system also supports a small number of ARM processors, but there are very few devices based on them on the market.
In the fall of 2021, Microsoft allowed Windows 11 to be installed on incompatible PCs, but instead disabled the ability to receive updates and patches. Later, a “shame mark” appeared in the system, which constantly reminds the user that her computer is old for this system. CNews wrote that you can delete the label, although this will require editing the registry.
Most Russians are not interested in Windows 11
All this is happening against the background of a global shortage of chips and processors, which lasts more than a year, resulting in computers, components and laptops are relatively expensive. Because of this, not all users can allow a PC upgrade. This is especially true of Russians. In March 2022, the ruble broke all previously set records of falling, Russia was under a historically large number of sanctions, and iron producers, the same AMD and Intel, hastily left the country.
Konstantin Renzyaev, Corpsoft24: The main challenge of “removal” – managing employee performance and preventing burnout
As a result, in March 2022, the share of Windows 11 in Russia was 3.88% against 23.22% in Windows 7, released 13 years ago, and 64.68% in Windows 10 (StatCounter data). Even in the unloved, the vast majority of Windows 8.1 users share the Russian market is 5.13%.
The situation on the world market is a bit different, but still Windows 11 is still very far from the first place. In March 2022, it was on the third line in popularity (8.47%) after Windows 7 (12.11%) and Windows 10 (74.81%).
It remains to add that Microsoft promises to release an update for Windows 10 by October 14, 2025. Thus, users who do not want to upgrade to Windows 11 can postpone it for at least another two and a half years.


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Lincoln has opened its first three stores in Beijing, Shanghai, and Hangzhou, and unveiled “The Lincoln Way,” a new automotive ownership experience for Chinese luxury customers, the company announced.
In addition to these first three locations, Lincoln will open five more Lincoln stores in China by year’s end, and a total of 60 stores in 50 cities in China by 2016, the company added. “The Lincoln Way” will be embedded in all Lincoln stores in China.
The Lincoln stores in China will first offer the all-new MKC small premium utility vehicle and the MKZ midsize premium sedan. The Lincoln MKZ and MKC will be followed by the Lincoln MKX, the Lincoln Navigator and an all-new full-size luxury sedan, fulfilling the brand’s promise to bring five new vehicles to China by 2016.
“The Lincoln Way” was developed over three years and is based on research across luxury retailing experiences from different sectors, including hospitality. Key elements of “The Lincoln Way” include an env ironment featuring a tea room, along with intuitive personalized technology such as Lincoln’s exclusive Personalization Studio, according to the company.


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3 min read
Welcome to the Outtra Family, Atomic!
EXPED Trust OUTTRA Digital SOlutions
We are delighted to welcome Exped as a new Partner! Exped will support their local retailers with...
OUTTRA Joins The EOG
In the summer of 2022, OUTTRA joined the European Outdoor Group (EOG). Together, our goal is to...


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Police at Manipur’s border town of Moreh, and members of the Moreh COVID-19 Task Force rounded up several Myanmar nationals on Friday and pushed them back to their country. These foreigners, mostly women, had entered the town to sell vegetables and other food items.
Additional Police Superintendent M. Amit said, “The government had sealed the Indo-Myanmar border from last year to check spread of COVID in this border town. These foreigners were found selling the vegetable items. Before sending them back to Myanmar they were explained the measures taken up at Moreh to control the pandemic.”
From February last year the legal border trade has been stopped. However, some smugglers are believed to be carrying on their thriving underworld business. Police and Assam Rifles personnel have been seizing gold, narcotics drugs, timbersand other contraband items along National Highway 102.
Meanwhile, the government plan to purchase vegetables from farmers for selling through the Manipur Organic Mission Agency has not had the desired result. Apart from the practical difficulty, farmers say that they cannot bring the vegetables and other items in view of the curfew. Besides the women retailers have been selling most of these items at small stalls along the road, in village lanes and football grounds. The women also bring vegetables from other districts and there is always a huge crowd to make their purchases.
Taking the ground realities into consideration, the government has started announcing the particular dates when the vegetable markets and grocery shops will be open in the valley districts. The government is also appealing to the people to maintain the COVID-19 protocols.


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Can anything save the music business?
Since 1999, CD unit sales have plunged 26 percent -- a decline of $2 billion -- thanks in part to file-sharing services and other forms of digital piracy. The record labels' frustration is so acute that the Recording Industry Association of America has begun suing hundreds of consumers who have exchanged music on peer-to-peer networks like Kazaa, Morpheus, and Gnutella. But what technology giveth, can it taketh away? The industry hopes so: This month the first copy-protected CDs are expected to start showing up on music-store shelves in the United States. And that's great news for the one or more lucky companies whose music-locking tech will be adopted. Even by modest estimates, licensing fees will amount to more than $100 million annually.
News source: CNN


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Last updated: Sep 15, 2023 1:17 PM IST
Shares of Restaurant Brands Asia (formerly Burger King India) rose 13 percent on the NSE to hit a 52-week high of Rs 135.40 in Friday’s intraday trade after over 25 percent of its total share capital floated on the stock exchange changed hands. The stock surpassed the previous high of Rs 134 on October 4, 2022.
CNBC-TV18 reported, citing sources, that Everstone, the company’s promoter, was likely the seller in this transaction.
As of the June quarter, Everstone had a 25 percent stake in the company.
The company’s net loss had widened to Rs 50.5 crore in the June quarter, compared to Rs 47.5 crore in the same period last year, driven by rising raw material costs for Burger King’s Indian operations and high expenditure on more shops.
However, revenue rose 25 percent year-on-year to Rs 611 crore, compared to Rs 489.2 crore in the same quarter of the previous fiscal. Management also maintains same store sales growth expectations (SSSG) of 10 percent for FY24 and 8 percent for FY25.
Restaurant Brands Asia is one of the fastest growing international Quick Service Restaurant (QSR) chains in India during the first five years of its operations, based on the number of restaurants.
As the national master franchisee of the BURGER KING brand in India, it has the exclusive rights to develop, establish, operate and franchise BURGER KING branded restaurants in India.
Brokerage ShareKhan sees favorable risk-reward for the stock, largely supported by expectations of breakeven for its Indonesian operations in fiscal 2024.
“Popeyes will lead growth in the medium term, along with consistent improvement in civilian activities in the Indonesian market,” said the brokerage firm, which has issued a ‘buy’ call on the shares.
Prabhudas Lilladher believes that Restaurant Brands Asia continues to move towards profitability in India, with domestic business parameters improving in terms of average dollar sales (ADS), gross margins and profitability. The brokerage also believes that corporate restructuring in Indonesia is showing initial gains, with cash breakeven expected by FY24.
Prabhudas Lilladher has made a ‘cumulative’ offer for the shares, with a target price of Rs 142.
Disclaimer:Disclaimer: The views and investment tips expressed by experts in this News18.com report are their own and not of the website or its management. Users are advised to contact certified experts before making any investment decisions.


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- Marcus says that Zuckerberg gave WhatsApp the type of office space they wanted and helped support the app's encryption system.
- He said that many founders do their best work after their companies are acquired by Facebook.
Facebook's David Marcus, who ran Facebook's messaging products before starting the blockchain group earlier this year, is defending the company and CEO Mark Zuckerberg after a WhatsApp co-founder spoke critically of his experience at the company.
Brian Acton started WhatsApp with Jan Koum, and sold the company to Facebook for $22 billion in 2014. Acton left Facebook a year ago, and Koum departed in April. Forbes published a story on Wednesday based on a lengthy interview with Acton, in which he says that Zuckerberg was in a rush to make money from the messaging service and undermine elements of its encryption technology.
Marcus responded in a post that he said was not written at the request of the company and reflects his personal views.
"There are few companies out there that empower and retain founders and their teams for as long as Facebook does," wrote Marcus, who joined the company from PayPal in 2014. "For some of them, Facebook is the place they did their best work, and had the most impact in the world."
Marcus said that after the WhatsApp deal, Zuckerberg gave the team an office with a different layout and more personal space even though "this irritated people at Facebook." He also said that Zuckerberg fully supported the end-to-end encryption global rollout on WhatsApp, which he claims took place after the acquisition.
"Mark's view was that WhatsApp was a private messaging app, and encryption helped ensure that people's messages were truly private," he wrote.
As for the business model, Marcus says that Zuckerberg "protected WhatsApp for a very long period of time," including on the advertising side and for business messaging.
"Lastly — call me old fashioned. But I find attacking the people and company that made you a billionaire, and went to an unprecedented extent to shield and accommodate you for years, low-class," he wrote. "It's actually a whole new standard of low-class."
Acton's interview comes just after Instagram co-founders Kevin Systrom and Mike Krieger announced that they're leaving Facebook, six years after that acquisition. A number of other top execs have announced plans to leave the company in 2018.


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Chief executives from a range of top consumer companies have urged young people starting out to focus on developing personal attributes, such as entrepreneurism, empathy and the readiness to take on new challenges, which increasingly drive success.
Their comments came as part of “CEO for a Day”, an initiative focusing on future leadership talent led by Odgers Berndtson, a global executive search firm. Open now to all UK undergraduates, the scheme pairs individual CEOs and students to give young people a first-hand taste of what leadership is actually like.
Among the 23 companies taking part are household name companies including Sainsbury’s, Domino’s Pizza Group, DFS Group, Welsh Rugby Union and BUPA, the private healthcare provider. The CEOs have noted the impacts of technology but many also stress the growing importance of personal qualities to future leaders.
“Over the past decade we’ve focused a lot on digital skills but the next generation of leaders don’t need to learn these skills, they’re already part of their psyche. What they will need is second-to-none-interpersonal skills,” said Tim Stacey, chief executive of soft furnishing group DFS.
“The ability to engage and motivate teams is critical to good leadership therefore fine tuning your engagement and communications skills, in order to ‘bring people with you’ on the journey is a must. Getting a diverse and disparate workforce to genuinely buy into your vision, and be actively engaged in it, is a skill that shouldn’t be underestimated,” he added.
“I expect our entrepreneurial spirit to remain at the heart of the Domino’s brand. It’s this passion and believing in the power of possible that will continue to drive our success and enable more people to fulfil their dream of business ownership by becoming a Domino’s franchisee,” said David Wild, chief executive of Domino’s Pizza Group.
“Customers – particularly Millennials – increasingly want greater choice and transparency,” he continued. “Not only do we need to keep innovating to bring exciting new products to our customers, but we must also continue to work hard to give clear information on what goes into our food and how it’s made.”
“To ensure future sustainability we will need to be more agile and entrepreneurial in how we operate and will be looking to reflect these things in our workforce,” said Martyn Phillips, chief executive of Welsh Rugby Union. “Our recruitment will become more dynamic, we will encourage risk taking and an entrepreneurial spirit and look at the quality and ambition of an individual rather than totting up grades or looking for a specific qualification.”
“Sometimes it’s easy to get swept up in the craze of new technology but I think it is vital for the new generation of leaders in the health sector to keep customers and their needs at the centre of everything they do in order to deliver effective, value- for-money healthcare and services,” said Evelyn Bourke, chief executive of BUPA, the private healthcare provider. “Looking ahead, we need to think carefully about our customers, their budgets and what services will be of real benefit to them.”
CEO for a Day now runs in thirteen countries across Odgers Berndtson’s international network, with over 18,000 students so far applying to take part and more than 400 chief executives and finalists being paired thus far. For many young people, the experience can be life-changing and change their ideas about moving into work.


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Del-Nat Tire Corp. has purchased a 120,000-sq.-ft. warehouse and an additional 51/2 acres near its Memphis headquarters.
The warehouse is in addition to Del-Nat's current distribution center and will service the entire U.S., according to President Dan Hunter. The new warehouse will store approximately 250,000 Delta, National and Akuret tires and brings the private brander's total warehousing capacity up to 500,000 square feet.
Del-Nat acquired property adjacent to its headquarters and plans to break ground in six months to a year on an addition to the facility, Mr. Hunter said.
Del-Nat is a member-owned dealer cooperative that markets its private label tires throughout the country.


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Nominate your favourite places to eat and drink for local awards
PUBLISHED: 13:00 07 August 2014
THE best restaurants, cafés and pubs will be recognised during this year's Weston super Food Festival - and next week is your turn to nominate your favourites.
Thousands of people visited the town centre to enjoy last year’s festival and its food stalls, demonstrations and activities.
The event is taking place on September 27-28 and festival organiser Sally Packer promises this year will be bigger than ever, with more attractions on offer.
The Mercury has again teamed up with the festival to support the Weston super Food Awards.
Businesses in the Mercury patch will be competing for an award for best restaurant, best independent food business or best café.
Awards are also up for grabs for best breakfast, drink, pub food, takeaway and fish and chips.
A nomination form will be printed in next week’s Mercury where you can fill in your favourites.
Those with the most nominations will be shortlisted in the Mercury, and the winners decided from that list in a three-way vote between an online vote on the Mercury website, festival organisers and Mercury representatives.
This year the awards are being sponsored by Pappadoms Indian takeaway, which is therefore not eligible for an award.
The winners will be announced and prizes will be handed out during the festival.


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Last updated 9 years ago
Orthodontists Can't Go Back to 2D
ORTHODONTISTS CANT GO BACK TO 2D Orthodontists are three-dimensional thinkers. They are using cone-beam computed tomography (CBCT) in North America for more than a decade, and in that time it has become a vital part of many orthodontic practices, bringing added value to pretreatment diagnosis and treatment planning. CBCT provides a clearer view of patient anatomy and pathology, without the distortions or superimpositions of conventional imaging. Resulting images are
RealD Bean Counters are Smiling
REALD BEAN COUNTERS ARE SMILING The Los Angeles Business Journal’s index of largest local public companies gained strong for the second week of April 2013. The weighted LABJ Stock Index rose 3 percent to $160.02 for the trading week ending April 12. Among the big gainers was RealD Inc.
No More 3D Glasses for Italian Kids Unde...
NO MORE 3D GLASSES FOR ITALIAN KIDS UNDER 6 Italy’s Ministry of Health has ruled that 3D glasses used to watch stereoscopic movies should be limited to viewers age 6 and above. Also, an investigation has been opened into a decision from the Cinema Exhibitors’ Association from last year to allow 3D glasses to be used by viewers as young as 3 years old. Warnings will be added to the instruction packets for all 3D glasses sold for home use.
Inner Maldives Holidays Launches 3D Broc...
INNER MALDIVES HOLIDAYS LAUNCHES 3D BROCHURE Inner Maldives Holidays announces the launch of their first 3D tourism hotels brochure at ITB Berlin this year. This is supposedly the first of its sort on stereoscopic anaglyph red/cyan print format that’s been used for promotion of Tourism industry anywhere.
Nintendo vs Tomita : Patent Claim goes t...
NINTENDO VS TOMITA : PATENT CLAIM GOES TO COURT Nintendo has seen its 3DS console glasses-free stereoscopic technology disputed by inventor Seijiro Tomita (retired from Sony some 10 years ago) who claims his own patented 3D technology is used without compensating or crediting him.
Six Oscars Awarded to 3D Movies
SIX OSCARS AWARDED TO 3D MOVIES Three stereoscopic 3D movies collected a total of six Oscars this Sunday: Life of Pi took four of them (best cinematography, best director, best musical score, and best visual effects), while Brave and Paperman got one each in their respective categories (best animated movie and best short animated movies).
EBU 3D Ultra High-definition Test Sequen...
EBU 3D ULTRA HIGH-DEFINITION TEST SEQUENCES In October last year the EBU released a set of UHD-1 test sequences to enable scientific testing of studio compression formats and video codecs for distribution to the home. The test set has now been enhanced with the addition of stereoscopic 3DTV content. The sets are available free-of-charge to EBU Members, with two sequences each from the UHD-1 and 3DTV sets being made freely available under a Createive Commons licence.
Legend3D's New Studio in Carlsbad, Calif...
LEGEND3D'S NEW STUDIO IN CARLSBAD, CALIFORNIA "We have just moved into our new, state-of-the-art 60,000 sq. ft. studio in Carlsbad, California, as we continue to expand our operations both in the U.S. and internationally,” said Ian Jessel, President of Legend3D. “We look forward to consolidating and broadening the productive relationships we enjoy with the studios and filmmakers here in Hollywood, as well as seeking out potentially new partnerships in China, Japan an
3DStereomedia 2013 Back to 3D Valley
3DSTEREOMEDIA 2013 BACK TO 3D VALLEY The 3D Valley of Liège, Belgium hosts a number of companies involved in the 3D stereoscopic business, including StereoscopyNews, dcinex, Barco, Digital Graphics, and many others. Most of the companies are located at the "Pôle Image de Liège". The 5th edition of 3DStereoMedia will take place in Liège again on December 3-6, 2013.
3D Movies are Here to Stay
3D MOVIES ARE HERE TO STAY The signs are in the sky for the 3D movies business! According to several analysts, including the excellent January 165, 2013 paper in the Roadmap To The Future Series by Business Insider, stereosopic 3D movies are here to stay. The three main indicators are the increase in 3D screens, now over 43.000 worldwide, the increase in 3D movies releases in all countries and not only in the US (India, Korea, and China are jumping in the wagon), and
Texas Chainsaw 3D Cuts the Hobbit from B...
TEXAS CHAINSAW 3D CUTS THE HOBBIT FROM BOX OFFICE #1 SPOT Leatherface and his chainsaw chased tiny hobbit Bilbo Baggins out of the top spot at the box office this week-end. Lionsgate's horror sequel "Texas Chainsaw 3-D" debuted at BoxOffice #1 with $23 million, according to studio estimates Sunday. After three weekends at No. 1, part one of Peter Jackson's "The Hobbit" trilogy slipped to third with $17.5 million. That lifts the domestic haul to $263.8 million for "T
US Kids go to the Dentist for 3D Movies
US KIDS GO TO THE DENTIST FOR 3D MOVIES A trip to the dentist becomes more like taking in a stereoscopic 3D movie matinée with the Cinema ProMed System, powered by the Carl Zeiss Cinemizer OLED 3D VR glasses. The new system was launched in December 2012 across the United States and Canada by Total 3D Solutions (Auburn Hills, MI, USA). Watch the video demo here under.
First I3DS Canadian Chapter in Vancouver
FIRST I3DS CANADIAN CHAPTER IN VANCOUVER The International 3D Society has announced the formation of its Canadian chapter to be based out of Vancouver BC. The Canadian Chapter will commence with the conference 3D[Fwd] on January 26, 2013 in Vancouver with an exclusive networking event on the 25th.
Doctor with 3D Camera: 1, Cancer: 0
DOCTOR WITH 3D CAMERA: 1, CANCER: 0 The doctor who pioneered what has become an international standard in neurosurgery is once again breaking new ground, becoming the first surgeon in Canada to use a 3D camera to remove a brain tumour. Dr. Michael Cusimano (Toronto, Canada) made headlines 17 years ago when he became the first neurosurgeon in the world to remove tumours by endoscopic surgery, a minimally invasive procedure that involves sending a video lens along wit
3D Camera for Remote Medical Assistance ...
D CAMERA FOR REMOTE MEDICAL ASSISTANCE IN AFGHANISTAN Eykona (Oxford, UK) developed a portable 3D imaging camera for use in the field by British troops in Camp Bastion, Afghanistan to assess the nature of war wounds received by soldiers. The device is also being used closer to home at the Queen Elizabeth Hospital in Birmingham where military casualties are treated. The Eykona camera is designed to build a 3D image and a 3D CGI model of a wound and utilises specially
Nickelodeon Gets 3D kids Series Rights
NICKELODEON GETS 3D KIDS SERIES RIGHTS Nickelodeon has acquired rights on the Canadian-Korean 3D stereoscopic kids series Bolts & Blip for Belgium and the Netherlands. The Viacom-owned broadcaster has closed a deal with KidsPlant Distribution to air the Redrover/Toonbox-produced series in February 2013.
3D Job Offered in Korea
3D JOB OFFERED IN KOREA The Korean Creative Content Agency os looking for a 3D technician with good knowledge of 3D rigs to write a 200-pages 3D training textbook with chapters about -among others- PStechniK and 3alityTechica rigs, ig alignment and setup, RED Epic, F1, P1, and EX3 cameras as well as 3D stereoscopic processors.
Ray "3D" Zone Passed away on November 13...
RAY "3D" ZONE PASSED AWAY ON NOVEMBER 13, 2012 Ray Zone, aged 65, passed away suddenly from a heart attack on November 13, 2012. He was actively working on a lot of 3D stereoscopic projects, including his next book and a foreword for the English version of our next publication. Ray will be missed by all stereographers and 3D fans around the world. StereoscopyNew's condolences go out to all his friends, colleagues and family.


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Global prices for raw materials are soaring thanks to a boom in demand due to the recovery from the Covid-19 downturn, coupled with logistical bottlenecks.Copper in the past week hit a 10-year high, while pork prices have fattened in part due to higher demand for bacon from Americans working and eating breakfast at home.
Bloomberg’s agriculture Commodity Price Index has climbed 22 percent so far this year to its highest level since 2016, while crude oil has risen 30 percent in the past year.
Tin, used in electronic circuits, automotive components and batteries, also hit its highest level since 2011, as the price doubled in the past year.
For sugar, a shortage of shipping containers and bottlenecks at ports are pushing prices up, while corn, soybeans and wheat are also experiencing delivery problems.
For oil, global demand is accelerating with the reopening of economies following the pandemic shutdowns.


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Aug 11, 2017
Amazon in talks to offer event ticketing in U.S.: sources
Aug 11, 2017
Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business.
If Amazon moves ahead, it would represent the latest attempt by the world's largest online retailer to use its massive customer base, tech savvy and bargaining power to shake up a big market.
The Seattle-based company sees the U.S. ticketing market as ripe for attack. Consumers dislike ticket fees, and venue owners, sports leagues and teams want more distributors for their tickets as they seek to boost sales.
Access to tickets could be another means to lure members to the Amazon Prime shopping club. For music acts and sports teams, selling tickets through Amazon could help sell their merchandise.
Currently Ticketmaster, owned by Live Nation Entertainment Inc , is the exclusive seller of primary tickets for many top venues in the United States. Would-be challengers have struggled to compete in the face of Ticketmaster's strong relationships with the operators of major U.S. sports stadiums, arenas, concert halls and other venues.
Amazon has had success with ticketing in Britain, where it has been selling seats to West End shows since 2015, even outselling Ticketmaster for some events, according to one of the sources, who owns venues in that country. It is less common for venues in Britain to have an exclusive ticket provider.
Amazon did not return a request for comment. Live Nation declined to comment.
Live Nation's shares, which had been up more than 12 percent earlier on Thursday after the company's quarterly results, pared gains following the Reuters report and briefly turned negative. The shares recovered to close up 5.6 percent in the stock's busiest trading day by volume since June 2014. Amazon shares closed down 2.6 percent.
Amazon has had conversations to partner with Ticketmaster as a potential way to get into ticketing in the United States, but those conversations have stalled over who would control customer data, according to sources with knowledge of the conversations.
© Thomson Reuters 2022 All rights reserved.


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A photo of Nia Sharma is creating a ruckus on social media. In this photo, Nia was seen wearing such a bra which is constantly sliding down.
Nia Sharma Bo*ld Look: TV’s ‘Naagin’ Nia Sharma’s social media is full of bo*ld dresses. Every day the actress comes in front of the camera wearing such clothes that the fans go crazy after seeing her look. And now a photo of Nia Sharma has created a ruckus on social media. In this photo, Nia Sharma’s bralette is seen sliding down in front of the camera. As soon as Nia shared this photo, the fans went out of control after seeing her look.
Nia’s top is slipping
Nia Sharma is wearing a tube bra in this photo. The actress was seen wearing this bra in front of the camera in such a way that in a glance you would feel that it is sliding down. Despite this, Nia was seen giving more than one bo*ld pose in front of the camera.
Bra with pants
Nia Sharma wore this sliding bra with black loose pants. The actress has kept her hair open and appeared in subtle makeup. Seeing the look of the actress, the fans are not able to stop themselves from praising her. The special thing is that all the photos Nia has shared of this look, she has shared in black and white look only.
Nia is very bo*ld
Nia Sharma’s name is included in the list of bo*ld actresses of TV. Every day the actress comes in front of the camera wearing such revealing clothes that the fans get sweaty seeing her. Not only this, Nia also never shies away from showing her body in front of the camera. Her fans also comment a lot on Nia’s photos. Anil Kapoor fitness: Anil Kapoor looks 40 at the age of 66, know the actor’s fitness routine, watch


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[KH Explains] Will LG Energy Solution be Tesla's 4680 battery crisis savior?
Gender Ministry on course for disbandment
US fighter jet drops fuel tanks into Yellow Sea in 'in-flight emergency'
Snow depth exceeds gauge limit at a Gangwon site
Thailand asks S. Korea to toughen K-ETA screening after denied entries of its people
[KH Explains] Samsung, LG to make motor show debuts next month
With Hyundai Motor's absence, Korean tech giants to showcase their automotive ambitions at IAA Mobility in MunichBy Kan Hyeong-woo
Published : Aug. 15, 2023 - 14:57
Samsung Electronics and LG Electronics will attend IAA Mobility 2023, a major global automotive fair, for the first time next month, signifying the South Korean electronics giants’ emphasis on the automotive electronic components market.
IAA Mobility, which is set to take place in Munich, Germany, from Sept. 5 to 10, will draw not only some of the top global automakers such as BMW and Mercedes-Benz but also IT and chip giants like Amazon, Meta and Qualcomm. Hyundai Motor Group said it is not taking part this year as it has no new signature models to unveil yet.
As the sectors of electric vehicles and autonomous driving cars are forecast to continuously expand in the future, the demand for automotive electronic components such as cameras, communication devices, displays and sensors is poised to keep getting bigger.
The global automotive electronic components market is expected to reach $181 billion this year to surpass the smartphone parts market of $178 billion, according to eBest Investment and Securities, which analyzed data from market tracker Strategy Analytics. The automotive electronic components market is projected to see a compound annual growth rate of 14 percent through 2029.
The Samsung Electronics Device Solution division, which is in charge of chip businesses, will take part in IAA Mobility along with Samsung Display and secondary battery maker Samsung SDI.
Samsung Electronics plans to introduce its automotive chip vision centered on three areas -- autonomous driving, centralized computing and vehicle-to-everything communication -- at the motor event. Samsung Display will showcase its latest OLED panel technologies for automobiles.
Samsung has pinned the automotive sector as one of the three main applications of chips in 2030 along with the server and mobile sectors. The company has said it aims to overtake the current leader in the automotive memory market, Micron, by 2025. Samsung trails in second place with a 13 percent market share behind Micron's 45 percent.
Harman, Samsung’s audio and automotive component subsidiary, posted record earnings last year with annual sales of 13.2 trillion won ($9.87 billion) and an operating profit of 880 billion won, showing clear signs of the automotive industry’s overall growth. The upward trend continues this year as Harman logged 3.5 trillion won in sales in the second quarter, up 17 percent on-year, and 250 billion won in operating profit, a sharp increase of 150 percent on-year.
Harman looks to secure more orders in the areas of digital cockpit and car audio by utilizing Samsung's software capabilities to advance passenger experiences.
“We have established an industry-leading lineup based on distinguished products in the automotive market,” said Kim Jae-joon, executive vice president at Samsung Electronics, in a second-quarter earnings call in July.
"We will continue to cooperate with customers based on competitive products and strengthen leadership in the automotive market."
LG Electronics is also set to make an impression at the IAA with its CEO Cho Joo-wan gearing up to deliver remarks at a press conference to share LG’s vision for the future of the mobility ecosystem.
According to LG Electronics, the company’s automotive components business has grown at a compound annual growth rate of 30 percent over the past 10 years. LG’s automotive parts business has been focusing on in-vehicle infotainment systems, EV powertrains and in-vehicle lighting systems.
In the wake of vehicle automation and connective services, LG Electronics plans to search for new opportunities in future mobility sectors such as autonomous driving, software solutions and in-vehicle content.
The company’s Vehicle component Solutions, or the VS division, turned a profit last year for the first time since its establishment in 2013 with sales of 8.6 trillion won and operating profit of 167 billion won. LG expects to achieve 10 trillion won in sales this year and aims to double the figure by 2030.
“As cars evolve into new experience spaces from transportation, they are transforming into a space designed to fit various purposes,” said Cho in a press conference held last month.
“The VS division will actively respond to future vehicle trends and use the customer experiences and insights secured through (business-to-customer) businesses to grow into a global top-tier company in the future mobility market.”
LG Electronics’ order log of automotive components stands at over 80 trillion won. The company looks to bring up the number to 100 trillion won by the end of this year.
US unveils new major sanctions package for Russia's war against Ukraine, Navalny's death
Health care crisis hits highest level amid doctor walkout
S. Korea, US, Japan concur on 'stern' response to NK-Russia arms deal


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Wal-Mart Derangement Syndrome?
In today’s LAT, Jonah Goldberg dubs the Left’s obsessions with the subject of the world’s number one retailer “Wal-Mart derangement syndrome.”
More people shop at Wal-Mart every week (127 million) than voted in the 2004 presidential election, according to a company website. They are disproportionately low-income folks who, by some estimates, are collectively saving hundreds of billions of dollars by shopping there.
Compounding the electoral asininity is the glorious hypocrisy of it all. Hillary Rodham Clinton — who returned a donation from the devilish retailer — was on Wal-Mart’s board of directors from the mid-1980s until the 1992 presidential campaign. If the store’s policies are so un-Progressive, how come it never occurred to her to do anything about it until now? Similarly, former would-be First Lady Teresa Heinz attacked the store in 2004, saying it “destroys communities” — which apparently never stopped her from hawking her ketchup there or owning $1 million in Wal-Mart stock. Even Lamont, the golden boy of the new yuppie populism, owns a few thousand bucks of Wal-Mart stock.
Responding at TAPPED, Ezra Klein contends that,
At no point in the column does Goldberg actually state the progressive critique of Wal-Mart. A casual reader would have no clue why liberals worry about Wal-Mart (save that they’re “deranged”). But in case you are interested, it goes something like this: Wal-Mart pays wages barely above the minimum and significantly below the average large retailer. Compared to Costco, or Target, Wal-Mart’s salaries, benefits, and worker relations are atrocious. The question is not “Wal-Mart, yes or no?” but whether Wal-Mart can do better on all these metrics. Obviously, they can. Various analyses have found that raising the price of each product by a penny would allow for far better worker compensation packages.
Further, because of its massive size, “Wal-Mart is an active monopsony.” The problem with this critique, however, is that the facts don’t bear it out. New York Sun columnist Liz Peek argues in yesterday’s edition that, while Wal-Mart has earned the ire of the labor unions and their allies in the Democratic Party, the actual statistics look quite good for the world’s number one retailer.
Wal-Mart employs 1.2 million Americans, is one of the most successful companies in the country’s history, has by itself lowered the cost of living for all Americans, has inspired competitors to do the same, has improved the efficiency of American retailing and manufacturing at a time that most industries were reeling from intense foreign competition, and is currently pushing an extensive array of environmental initiatives.
Wal-Mart currently has more 615,000 employees in America enrolled in its health-insurance plans, providing coverage to more than one million people. Because of its size, Wal-Mart has been able to use its clout to lower prices paid by its employees for doctor visits and medications, providing, according to a Wal-Mart spokesman, significant savings. One year ago the company offered a new, lower price package to its employees which gave them medical coverage for as little as $11 per month. Such plans are available to both full time and part time employees who have been with the company for at least one year. This is not the norm in the retailing sector, where most part time workers receive no benefits.
In the interview with Charlie Rose, CEO [Lee] Scott asserted that “you can’t hire 1.2 million people in the U.S.if you’re not paying competitive wages. “There seems to be some logic in this, which is bolstered by the recent openings of stores in Kearny, New Jersey and White Plains, New York. For the New Jersey store, eight miles outside New York City, the company received 8,000 applications for 300 jobs. In White Plains, a wealthy community with myriad retail establishments, 4,200 people asked for jobs.
Why would folks line up to work with Wal-Mart? Our view is that despite all the negative publicity, people think Wal-Mart offers unusual opportunity for those willing to work hard. It is a fact that more than 75% of store managers started out as hourly workers. It is also a fact that people have some confidence that the company will be around ten years from now, because it is smart, aggressive and determined to move every aspect of their business forward.
Indeed, as I have argued numerous times here and elsewhere, the mere fact that so many people are lining up to work at Wal-Mart is prima facie evidence that working at Wal-Mart is more attractive to them than their other options.
Now, Klein would presumably argue that Wal-Mart’s “monopsony” status is precisely why these people have so few options. Wal-Mart critics argue that the mom-and-pop shops, which presumably are able to pay better wages because they charge higher prices, are being run of business by Wal-Mart’s competitive practices. There’s little doubt that this happens, at least on the margins. It’s far from clear, though, that this has pushed wages down. After all, small businesses generally can not afford to pay for health coverage and other pooled risk benefits because of the economies of scale.
Wal-Mart is providing health coverage to its employees at a nominal rate far below what most of us pay. And, while $11$10.11 an hour isn’t exactly a great wage, it’s more than nearly double the federal minimum. And, as Peek notes, the company provides training and opportunity to advance into well-paid management positions.
Further, despite the competitive advantages afforded by Wal-Mart’s size, it is not without significant national competition. Target, Costco, Best Buy, CVS, and various other chains compete directly or in key sectors, not only for customers but for employees. If they are undercutting the labor market, they their labor pool is reduced to those who can not get jobs with those firms. Thus, it is far from clear how Wal-Mart’s “monopsony” status obtains.
Correction: Peek cited a figure of $10.11 as the average hourly wage and $11 a month for health care premiums and I inadvertently transposed those numbers when first writing the post.
While I agree with most of your analysis, I’m not sure where you’re getting the “$11 per hour” from. The quotes you’ve shown list Wal-Mart workers as paying $11 per month for health insurance, which may have triggered some confusion – or I may have just totally missed something myself.
Walmart workers in michigan get $6.00 an hour which is just above minimum not $11.00 as you said. Also I would love to hear about the benefits one gets for that $11 a month.
I don’t have enough knowledge of Wal-Mart’s inner workings to bash them in response, but I do know that “lining up” to work for a place does not make one a de facto good employer. If you throw a Wal-Mart into a place with a high unemployment or poverty rate you, of course, are going to get a ton of applications. It doesn’t matter if they paid minimum wage or $15.00 a hour. In fact, if they paid $3.00 an hour they probably would get more than enough applications to fill the stores roster. It is a very weak point in my opinion.
Russ: The figure is actually $10.11 an hour. It’s from Peek’s article linked in the post.
Matt: The figure is a national average, not a starting salary for cashiers.
Bill: True that. Then again, the alternative is what? Presumably, without Wal-Mart offering these jobs, those people would either be unemployed or working for even less.
Who’s being forced to work or shop there?
The biggest fear the Democrats have as regards Walmart is the idea that it’s situation proves union-fed wages raise costs to the point of non-competitiveness.
It is very bad economic theory to say that a company that augments the demand for labor by hiring 1.2 million people is driving down wages. An argument might be that if those 1.2 or so million people weren’t working for Wal-Mart they would be working somewhere else like a “Mom and Pop” stores. But what would one think happen to wages at the “Mom and Pop” stores if suddenly 1.2 million applied for jobs there? Wages would certainly be bid down at those “Mom and Pop” stores if the demand for labor was decreased by 1.2 million. In fact, the argument in favor of the inefficient producers (“Mom and Pop” stores) over Wal-Mart smacks of the protectionist argument against free trade that favors the inefficient domestic producer over more efficient foreign competition.
Wal-Mart is a retail establishment and retail jobs are relatively low paying. Wal-Mart is not hiring engineers, chemists and nuclear scientists. Some seem to think that Wal-Mart is under paying low skilled and semi skilled workers and pocketing the profits. Well, those who think that this is the case should start up there own business and hire these under paid workers and try to reap the profits. The fact that these critics don’t do this is not because they don’t want to make profits by hiring under payed workers, but it is because they cannot because these workers are not under paid!
If WalMart had a bad reputation as an employer, it would have to pay more money to attract a staff of reasonably polite competent employees without whom its clientelle would be lost.
Clearly it is neither its employees nor its customers nor its stockholders who are unhappy.
Other than them, who cares?
I must be deranged. I am not a fan of Wal-Mart. By contrast, when AT&T was really AT&T, I loved them. I loved AT&T not because they were large or successful or a regulated monopoly. I loved getting what I paid for, consistent quality, reliable products and a sense of supporting made in America pride.
Not what I would expect from Wal-Mart. Fair or not, there seems to be a widespread impression that Wal-Mart is ruthless and sinister. Deserved or not, it may be a case of perception becoming reality.
Democrat politicians think they have an easy way to repay the unions for all their delivered votes and
financial contributions. The politicians and the
union bosses win big. The Walmart employees, the Walmart stockholders, and the American public loses.
I suggest that Ezra Klein buy a basic economics textbook that covers monopsony and monopoly. The definition is one buyer or seller depending on which one you are working with. Since there are places like Costco, Target, and other retailers the idea that Wal-Mart is a monopsony isn’t just inaccurate it is idiotic.
I spent $500.00 this weekend at Walmart that would have cost me at least $600.00 elsewhere. I like having that extra $100.00.


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Tesla Motors has started mass production of lithium-ion battery cells at its Gigafactory, kicking off output of the key component for its Model 3 electric car after the company said a day earlier its 2016 deliveries were shy of estimates.
The Elon Musk-helmed firm said the batteries will also be used in its energy storage devices, according to a statement on Wednesday. The cells were designed along with Panasonic “to offer the best performance at the lowest production cost in an optimal form factor for both electric vehicles and energy products.”
Tesla has been moving ahead with its plans to lower the cost of batteries for its Model 3, a version of its electric car that was announced last year and touted as a more affordable option than its other versions. The cells produced from Wednesday will be used in Tesla’s Powerwall 2 and Powerpack 2 energy products, while output for Model 3 cells will follow in the second quarter.
“Our cost of battery cells will significantly decline,” Tesla said. “By bringing down the cost of batteries, we can make our products available to more and more people, allowing us to make the biggest possible impact on transitioning the world to sustainable energy.”