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We've known for years now that Samsung is working on fully flexible displays. There have been rumours about this technology landing in smartphones almost every year for the last four years. However, it is starting to look like 2019 might finally be the year, as Samsung Display has announced that its ‘unbreakable' flexible smartphone display has been fully verified.
Underwriters Laboratories (UL), an official testing company for the Occupational Safety and Health Administration in the US has tested Samsung's flexible ‘unbreakable' OLED panel, giving it the green light to be used in future smartphones. The newly developed display is expected to be applicable to other markets too, with Samsung highlighting automobiles, mobile military devices, portable game consoles and tablet PCs as potential landing spots.
According to Samsung, this new flexible OLED panel uses an unbreakable substrate and an overlay window securely adhered to it. Flexible displays that we have seen previously would attach to a glass covered window, which can break more easily. Hojung Kim, Samsung Display's GM of Communication noted that “the fortified plastic window is especially suitable for portable electronic devices not only because of its unbreakable characteristics, but also because of its lightweight, transmissivity and hardness, which are all very similar to glass”.
The display was tested by UL based on military standards set by the US Department of Defence. This includes 26 drop tests and surviving extreme weather conditions, ranging from temperatures of 71 degrees and -32 degrees. During tests, Samsung's panel continued to function normally without damage to its front, sides or edges.
Samsung seems to be pretty proud of its latest display tech, so now we just need to sit back and wait for it to roll out to consumers.
KitGuru Says: I've been following Samsung's flexible OLED display developments since I first started working at KitGuru. It has been a long journey, with lots of rumours and false leaks. However, with Samsung now making noise about its displays, it looks like we are finally getting close to some sort of consumer rollout.


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Fashion exhibition “PROJECT TOKYO” will be held for the first time at Tokyo International Forum. The exhibition was held on March 27 and 28, 2019 two days.
“PROJECT” is a fashion event held four times a year in New York and twice a year in Las Vegas, bringing together a wide range of taste mens brands and women’s brands. This will be the first time to be held outside the United States.
At PROJECT TOKYO, about 200 fashion, lifestyle brands and fashion-related companies who passed the judging exhibit, brands from France, Italy, the UK, the USA and European countries are scheduled to participate from abroad. As support for exhibiting brands, we offer various benefits such as ‘Matchmaking’ where you can offer business talk appointments to retailers beforehand and lectures by external lecturers from December until February before the exhibition Preparation. After the exhibition, we will provide support for proceeding with negotiations with overseas buyers and offer a trial place for overseas expansion including “PROJECT New York” and “PROJECT Las Vegas” invitation.
■ PROJECT TOKYO 2019 MARCH
Dates: Wednesday, March 27, 2019 – Thur 28 March 2019
Holding time: 10: 00-19: 00
Venue: Tokyo International Forum HALL E
Address: 3-5-1 Marunouchi, Chiyoda-ku, Tokyo
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Lynch said that banks and merchants will eventually need to move to more secure online payments that include multi-factor authentication, not just passwords.
Increases in online fraud "are going to raise the bar for authentication, and you'll see biometric techniques being used as the fraudsters evolve," Lynch said. "The companies that want to stop fraud know that they can't be the weak link."
InAuth works with four of the five largest U.S. banks, as well as many large retailers, to provide payment security products.
Among the biometric practices used for e-commerce payments is fingerprint authentication, which is available on some smartphones through the apps provided by major banks.
To protect online purchases made on laptops and desktops, many merchants rely on a one-time security code sent to a customer's smartphone, either by email or text. The user then types in the code when making a card purchase online.
But hackers have developed techniques to intercept those codes over text or email, "and it's not always the most secure," Lynch said.
InAuth has developed software that uses an encrypted channel to send a one-time code to a customer's phone.
Even with such products and enhanced biometric authentication, online card "fraud will never stop completely, but it should eventually reach a peak as companies put the right security in place," Lynch said. "But fraud never goes away."


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Men's retailer Jos. A. Bank Clothiers Inc. said profits took a more than 11 percent dive in the third quarter, hurt by extra markdowns that drove the apparel sales and by Hurricane Sandy's strike to the East Coast.
Net income fell to $13.3 million in the three months that ended Oct. 27, an 11.2 percent drop compared with net income of $15 million in the year-earlier period, the Hampstead-based company said Wednesday.
The company earned 47 cents per share, down 13 percent from 54 cents per share earned in the third quarter of 2011. Earnings missed analysts' estimates of 56 cents per share and sent shares down 7.25 percent to close at $43.85 per share on the Nasdaq.
Earnings fell despite an 11 percent increase in total sales and a nearly 5 percent gain in same-store sales, the company said. Total sales rose to $232.9 million from $209.6 million in the third quarter of 2011. Sales at stores open at least a year were up 4.8 percent and direct marketing sales rose 25.8 percent.
But operating income margin was squeezed by the additional markdowns and promotions that drove those sales, said Jos. Bank CEO R. Neal Black in a statement.
"Also, Hurricane Sandy, which hit along the East Coast where the majority of our largest volume regions are located, negatively impacted third quarter sales, particularly when we ran a big promotion right at the end of the quarter," Black said.
He said the effects of the hurricane and the distractions of the national election have hurt business in November, the start of the fourth quarter, when same-store sales have been down.
"With the critical month of December still ahead of us, and continued pressure on margins, we remain cautious for the outcome of the fourth quarter," Black said in the statement.


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Security Lapses More CostlyBy Eileen Feretic | Posted 2010-01-26 Print
The cost of data breaches increased from 2008 to 2009, with no signs of abating. And the bad guys are getting badder.
Alarmed by reports of cyber-attacks on Google and dozens of other U.S. companies? You should be.
“If it could happen to Google, it could happen to anyone,” cautions Phillip Dunkelberger, CEO of PGP. “People were starting to get comfortable with data breaches, but this incident shed a light on the fact that breaches have gone beyond thefts of credit card numbers to sophisticated attacks on companies and their intellectual property.”
According to the Ponemon Institute's 2009 study, “U.S. Cost of a Data Breach," the average cost of a security lapse increased almost 2 percent, from to $6.65 million per organization in 2008 to $6.75 million in 2009. Even more disturbing: "data breaches from malicious attacks and botnets doubled from 2008 to 2009 and cost substantially more than those caused by human negligence or IT system glitches. The incidence of malicious attacks rose from 12 percent to 24 percent.”
“This is a warning sign of some big problems heading our way,” says Larry Ponemon, chairman and founder of the institute. “For the first time, organizations that took part in our study reported that their breaches were caused by data-stealing malware. Organized crime is going after corporate data, including intellectual property, and these are the most expensive breaches. Companies need to take a proactive stance against these aggressive criminals.”
Are companies learning from their mistakes? Not necessarily. In the data breach study, 82 percent of the cases “involved organizations that had more than one data breach involving the loss or theft of more than 1,000 records containing personal information.”
The increasing use of mobile devices by employees is also causing security problems, with 36 percent of the cases in the study involving laptop computers or other mobile data devices. “The human factor continues to play a big role in data breaches,” Ponemon notes. “Unfortunately, a lot of companies still downplay the cost of a data breach.”
The main factor driving up the indirect costs of data breaches, according to the study participants, is lost business. The “churn rate” (loss of customers) hit the pharmaceuticals, communications and health care industries the hardest, at 6 percent. But they were closely followed by financial services and services, at 5 percent each. Industries with the lowest churn rates are manufacturing, energy and media (all three at or below 1 percent), followed by technology and retail (both at 2 percent).
Interestingly, third-party mistakes were involved in 42 percent of all the data breach cases in the 2009 study, which noted that “data breaches involving outsourced data to third parties, especially when the third party is offshore, were most costly. This could be due to additional investigation and consulting fees.”
“It’s more costly to do forensics properly offshore,” Ponemon explains.
“A company needs to be sure its service-level agreement states how the outsourcing provider will notify affected parties of a data breach and how it will fix the breach,” adds PGP’s Dunkelberger. “In some countries, there is no national disclosure law, so it’s a case of buyer beware. That’s why the SLA is so critical, especially when intellectual property is concerned.”
Another way organizations can protect themselves against data breaches is with good governance, says Ponemon. “Companies need strong internal controls, rigorous security policies, and technologies like encryption and data loss prevention,” he adds. “It’s a case of smart people and smart technology.”
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Last year proved challenging both for car makers and buyers. Higher interest rates, dogged inflation and price increases on petrol and consumer goods reduced monthly budgets at home, while automotive brands fought to maintain supply chains and inventories.
Some luxury car makers escaped much of the pain, reporting record results.
In 2022, Bentley delivered 15,174 vehicles globally, up 4 per cent over 2021. Lamborghini delivered 9,233 cars worldwide, an increase of 10 per cent over the previous year. Porsche reported a 3 per cent uptick in global deliveries and record sales in North America.
Rolls-Royce’s total sales rose 8 per cent, to 6,021 cars sold last year, as growing demand in the Americas offset a decline in China. Customers of the British brand spent roughly €500,000 ($537,000) per vehicle on average, with the majority of clients owning more than one.
“Luxury sales have been growing and were up nearly 3 per cent in 2022,” said Zack Krelle, senior manager of OEM Analytics at the data firm TrueCar.
“Tesla was the breakaway sales leader in 2022, [while] the German brands have been rebuilding sales momentum and ended the year higher than 2021.”
BMW and Mercedes-Benz both faced difficult first halves, denting overall results, but their sales grew in the final months of 2022. EVs were a bright spot for both, with sales that more than doubled over 2021 levels.
High-end brands can look forward to even more success in 2023, analysts say — with all-cash deals on luxury cars expected to be more popular than they’ve been in decades, accelerating a trend that began with the Covid-19 pandemic three years ago.
“Cash was important last year and will continue to be in 2023,” said Jonathan Smoke, chief economist at Cox Automotive. “More wealthy consumers will buy with cash rather than finance in 2023.”
Stock market volatility and economic uncertainty have wealthy consumers sitting on bigger cash reserves, so they are spending more money in absolute dollars. Meanwhile, auto loan interest rates are currently hitting 20-year highs.
This trend in the luxury sector will have lingering impacts on industry profits and future consumer behaviour. All-cash purchases mean that dealerships see lower income from financing — something dealers for Genesis, Mercedes-Benz, BMW, Infiniti and Jaguar have already begun to try to combat by offering consumers aggressive lease offers, said Mr Krelle.
On the other hand, cash purchases help consumers because they bolster a vehicle’s value against the alternative of losing equity — or the difference between the value of the vehicle and the amount owed on a loan. “We expect the year ahead to be one of transition,” Mr Smoke said.


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With large holdings in New York and Las Vegas – two cities particularly hard hit by the pandemic – it’s impressive that diversified national real estate company Fisher Brothers has done well over the past 12 months. Commercial Observer spoke to Winston Fisher, a Fisher Brothers partner and CEO of AREA15, about how they succeeded in the face of this tumultuous year.
Commercial Observer: How Did Fisher Brothers Far During The Pandemic? What changes have you made to your leadership style to encourage a safe return to the office?
Winston Fisher: Fisher Brothers has strategically placed its portfolio with tenants who can withstand economic uncertainties. Although the physical occupancy has remained low, we have taken extensive precautionary measures and are ready to welcome our tenants again as soon as they are comfortable.
Long before the pandemic, optimizing the health, safety and wellbeing of our tenants was paramount to our management style and a central pillar of our business. We took a hands-on approach to implementing COVID-19 security protocols and made extraordinary infrastructure upgrades to retrofit our commercial portfolio with hospital grade air filtration systems, contactless building entry, thermal body temperature scanning and more.
Photo credit: James E. Smolka
Our commitment to a comfortable and safe return to work is evident across the portfolio. We partnered with Kastle Systems – America’s largest provider of managed security services – to implement KastleSafeSpaces – an integrated, building-wide plan for protecting the health and safety of employees returning to the office – and have WELL Health Safety certification in our entire company received trading portfolio from New York City.
Fisher Brothers recently launched a new hotel brand. Why did you decide to present this concept now?
We learned that providing amenities, meeting tenants’ needs and creating collaboration spaces that serve as the epicenter of the business universe is no longer a luxury – it’s a must. We have developed a bespoke hospitality platform, Ease Hospitality, to combine hotel-like amenities and functional office space.
Photo credit: Robert Henry
The novelty of this term is the way Ease Hospitality bridges the gap between work and home by providing amenities that add value to our tenants’ day. A real convenience is a lifestyle solution that combines the convenience of the physical and the convenience of digital landscapes.
You opened AREA15 during the pandemic. How did the community get this new venue? How is the appetite for attractions like AREA15?
The pandemic has changed the consumer perspective, placing greater emphasis on the human connection, and leading consumers to actively seek experiences. In response to this increased demand for personal out-of-the-box experiences, we opened AREA15 in September 2020. AREA15 is a unique, fun, and comprehensive retail, dining, and nightlife district located just minutes from the Las Vegas Strip. With the uncertainty of the pandemic, the future of immersive entertainment is clearer than ever.
By adapting and adjusting our ambitions to ensure the space complies with the latest recommendations from leading health professionals and government agencies, we have successfully created a safe environment where people can get a taste of the networking and experiences we have had over the past year have missed.
For the opening weekend of AREA15, the reservations were sold out within 24 hours and AREA15 has
our retail rental space is fully let. People have safely gathered in AREA15 to be transported
to an alternate reality and experience all the excitement and amazement for yourself.
We will continue to see a radical acceleration away from traditional transactional retailing towards greater demand for immersive experiences, storytelling, authentic connections and experiential entertainment.
New York and Las Vegas, both major markets for Fisher Brothers, were hardest hit economically by the pandemic. What does the future hold for you in large urban areas like this across the country?
I firmly believe that cities will recover quickly. People crave social interactions that can only be found in places like New York and Las Vegas. I think we are on the way to defining a new normal – to learn from the challenges of the past year in order to come out stronger.
In your opinion, what stimulated these cities not only to continue promoting vaccinations, but also to do the right thing to get us back to normal? And what do you think they should do to further stimulate economic growth?
First and foremost, we need to make people feel safe. City leaders across the country raced to fill an otherwise absent national leadership position and took a thoughtful approach to closing and eventually reopening their cities. But to get back to normal and fuel economic growth, our cities must be viable places for business to revitalize our economies.
In the post-COVID world, it will be more important than ever that we implement smart, thoughtful policies that drive economic activity. We need to be pro-worker and pro-business, working together to make life easier in cities like New York by expanding childcare options, access to small business credit, affordable housing, and access to good jobs that bridge the gaps fill our economy.
Where do you see the future of New York once we overcome this pandemic?
New York needs to be more growth, accessible, and opportunity to be competitive and attract the companies and top talent that are critical to everyone’s success.
Photo credit: Wayne Yan + Philippe Fournier
The pandemic has changed the way we interact with New York, and I am determined to create public spaces across New York City that are accessible and equitable to change the way that millions of people experience the city. A few years ago I organized Beyond the Centerline, a design competition to redesign the shopping malls on Park Avenue. Park Avenue has 80% less open space per worker than similar New York office districts. And as Metro North’s 20-year plan to demolish much of Park Avenue begins, we’re advocating a creative, design-driven approach to malls replacement as part of the subway shed rebuild work .
We have the opportunity to rebuild a city and an economy that is sustainable and good for everyone.
Tourism, entertainment, retail and hospitality were particularly hard hit during the pandemic. How was AREA15 so successful and what can the industry learn from these successes?
AREA15 is successful because it is unconventional and exceeds the expectations of our visitors.
We are constantly pushing the boundaries to create a portal that fulfills a fundamental need to connect and redefine the traditional retail and entertainment model. AREA15’s success demonstrated how blurring the line between trade and the experiential economy was the wave of the future for the retail landscape prior to the global pandemic. Before COVID-19, the move away from traditional retail and entertainment began due to the desire for artful new forms of entertainment that deliver immersive experiences, authentic connections, and real emotions.
We have entered an age of immersive entertainment and retailing and we need to nurture the creative skills that shift requires.


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Govt starts process of bringing e-commerce under regulation
Kathmandu, June 8
With the variety of complaints associated to fraud rising towards e-commerce web sites and firms, the federal government has began the method to draft crucial legal guidelines to control such websites and companies.
Netra Prasad Subedi, director basic of Department of Commerce, Supply and Consumer Protection Management (DoCSCPM), stated they’ll quickly formulate e-commerce legal guidelines with an purpose to make on-line companies aggressive, consumer-friendly and accountable.
He added that the division is drafting consumer-friendly legal guidelines and taking ideas from involved stakeholders for the aim protecting in thoughts that on-line companies have been flourishing even within the absence of any authorized foundation and the variety of complaints towards such companies has been rising.
For occasion, a criticism had been lodged on the DoCSPM within the final week of April alleging that Daraz and Sastodeal had dedicated fraud. Such complaints have been filed towards 15 on-line buying and selling companies and investigation has began towards them, Subedi knowledgeable.
“Although on-line enterprise is booming, the authorized framework to manage it has not but been developed.
Moreover, customers have additionally been complaining that on-line companies get away with only a slap on the wrist as a result of lack of crucial and stringent guidelines,” he added.
Since the federal government imposed a nationwide lockdown to stem the unfold of the COVID-19 contagion, the web buying pattern has elevated massively out there. Besides every day necessities, even items equivalent to gold jewelry, clothes objects, watches, glasses and home items, amongst others, are being traded by way of on-line buying and selling and social media platforms.
Subsequently, in latest days, the variety of complaints is rising alleging that the rights of customers are being violated as no motion has been taken on the complaints which have been lodged with the division.
“In the course of drafting a authorized framework, now we have performed and organised an audio-visual dialogue with the involved our bodies, stakeholders and media personnel for crucial enter,”
Subedi stated. “Most of the members within the dialogue harassed on the necessity for strict authorized provisions as items out there on-line weren’t of the identical high quality and measurement as displayed on the web sites,” he knowledgeable, including prospects are being overcharged for reasonable merchandise.
Most of the complaints state that buyers don’t even get to see the products on the time of supply, don’t even know pay and on-line merchants who act as intermediaries don’t even take note of bargaining, Subedi stated, including, there is no such thing as a facility to return or trade the products as soon as they’ve been purchased and worth added tax payments should not being offered.
The proper of each buyer to learn in regards to the high quality of products, particulars, worth, amongst others, and compensation that prospects can get from the usage of items or providers purchased on-line that aren’t as per high quality said on the web site are being included within the legislation, Subedi said.
He additionally stated that if any on-line dealer is discovered responsible of violating the rights of the customers then there will probably be a provision to penalise them. Similarly, the proposed draft additionally emphasises on the safety of private info and particulars.
A model of this text seems in e-paper on June 9, 2020, of The Himalayan Time


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This article is more than 1 year old
Judge to Dish Network: your Hopper's hip, it ain't no Aereo
Ruling excludes service from TV streaming ban
A US judge has shot down a motion to ban Dish Network's Hopper TV streaming service under the Supreme Court's recent ruling that shut down streaming startup Aereo.
In a judgment made public on Wednesday, Judge Dolly Gee of the US District Court of the Central District of California found that the Hopper service was not subject to the June 2014 Supreme Court ruling that killed off Aereo on grounds of copyright violation.
Instead, Judge Gee ruled [PDF] that Dish is allowed to stream content from subscribers home set-top boxes to mobile devices and PCs because its tech is different than Aereo's.
Hopper, which is based on Sling Media's streaming technology, allows users to record or live-stream shows directly from a set-top box to their mobile devices and PCs via the internet. The set-top box option is made available to subscribers of the Dish satellite TV service.
Plaintiff Fox Broadcasting had argued that because Dish is only licensed to broadcast to its home customers and does not have an agreement to stream Fox content online via an additional "watch it now" service, the Hopper service violated copyright law – just as Aereo did when it allowed users to watch live over-the-air TV broadcasts online.
Dish, on the other hand, argued that its broadcast license with Fox allows it to stream content to the user's home receiver, at which point the Hopper set-top box (or another Sling Adapter) simply redirects that licensed content to a different device.
Judge Gee sided with Dish, ruling that Hoppper streaming does not constitute illegal re-transmission of a broadcast. In short, a cable or satellite provider can transmit licensed content to set-top boxes, and users have the right to watch that content on other devices, so long as it goes through the box.
The difference between Hopper and Aereo, the Judge found, was that Hopper does not store content at a third-party location. While Aereo put its content in storage remotely and then re-broadcast it to customers, Dish broadcasts content to the customer's Sling box, which then sends the video to devices at the same location. Because of that, the "illegal public performance" finding in the Aereo ruling could not be applied to Dish.
This ruling should help to ease fears over the legal status of Sling boxes in the wake of the Aereo ruling. Though a District Court opinion is not the final say in the appeals process, for now it seems the remote-watching devices are safe.
Not surprisingly, Dish was a big fan of Judge Gee's ruling.
"Consumers are the winners today, as the Court sided with them on the key copyright issues in this case," Dish general counsel and and executive VP R. Stanton Dodge said in a statement. "This decision has far reaching significance, because it is the first to apply the Supreme Court's opinion in Aereo to other technology."
Fox, meanwhile, expressed disappointment in Judge Gee's decision, and observed that although Dish was not found to have violated copyright law, the court ruled that it had breached its contract with Fox in several other ways.
"Just as we learned in the Aereo case, protecting our content sometimes requires persistence and patience," Fox told El Reg in an emailed statement. "This case is not, and has never been, about consumer rights or new technology. It’s always been about protecting creative works from being exploited without permission." ®


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Publicis Media wins ₹600 cr Hero MotoCorp media mandate
Publicis Media said on Thursday that it has won the media mandate of Hero MotoCorp Ltd, India’s largest two-wheeler maker. The business is estimated to be around ₹600 crore.
Publicis Media will henceforth handle both strategy and media buying of Hero MotoCorp, across traditional and digital media platforms.
The incumbent agency on the account is GroupM.
Gurinder Singh Sandhu, head of marketing, Hero MotoCorp, said: “Publicis Media was selected after a very thorough and competitive pitch process with strong presentations from several agencies. We are excited about this new partnership and the potential of ‘Team HMC’ in helping us drive even stronger consumer connect and grow brand impact."
Also check these Vehicles
Publicis Media has created a bespoke platform, Team Hero MotoCorp, or Team HMC, which will be in charge of the account and harness talent from across the organization, both for mainline and new-age mediums.
Tanmay Mohanty, chief executive, Zenith India, and the executive of Team HMC, said: “We are excited to partner Hero MotoCorp in their marketing journey where data and tech will complement the strong strategy, planning, buying and content verticals to further strengthen the integrated marketing play. Team HMC will mobilize the most apt talent and capabilities from across Publicis Media, globally, for this partnership. We look forward to delivering strong business outcomes for them and unlocking new consumer connections across social, digital and traditional mediums."


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Kanye Shuts Down The Coinye West Bitcoin Makers – HipHollywoodDoxing or posts that resemble doxing will result in the post being removed and the user banned permanently.
Coinye coins look to be the next Bitcoin, Kanye West's egoUnlike traditional currencies such as dollars, bitcoins are issued and.I have only the vaguest idea what Bitcoin even is, but the so-called cryptocurrency is apparently doing big business, and it already has a few imitators.As such, it is more resistant to wild inflation and corrupt banks.
Kanye West Quashes ‘Coinye West’ Cryptocurrency Over
This desperate poison pop culture epiphany has got to be the Twilight Zone of showbiz.Kanye West threatens suit over Coinye currency. mark is substantially similar to the KANYE WEST mark in. of the fledgling currencies is bitcoin,.
Martin Shkreli might have been scammed out of $15 million
Creators of the Bitcoin-like digital currency indicated Tuesday that they were abandoning the venture after rapper Kanye West filed a.
Newsworthy: George Howard on Kanye West and the BlockchainKanye West Tries to Shut Down Coinye, Fledgling Cryptocurrency.Gold diggers defeated: Kanye West wins legal battle against digital currency Coinye.
The latest in a line of cryptocurrencies currently making steps to.
Martin Shkreli Tried to Buy Exclusive Rights to Kanye West
BITCOIN PRICE: 4569.75 USD. Our Suspicions Have Been Confirmed: Kanye West Had His Lawyers File A Cease And Desist Letter To CoinyeWest.com.Kanye West has won his lawsuit against the creators of cryptocurrency Coinye Bitcoin.Coinye West coins look to rival Bitcoin in an elaborate new joke on cryptocurrency.Coinye Kanye WEST and Mascotte Holdings Inc Plaintiffs v 0DAYCOINSCOM Coinye-Exchangeco (1) - Download as PDF File (.pdf), Text File (.txt) or read online.
Coinye Kanye WEST and Mascotte Holdings Inc Plaintiffs v
Kanye West: I am a god, not a cryptocurrency | The Daily DotIn one corner we have UK pop star Lily Allen, who five years ago turned down a.Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
Kanye West Sues Coinye | TIME.comYeah the guy is a douche but how many of you trolls claim to be good people or even religious, yet here you are wishing death and financial ruin on someone who has a kid.A new Kanye West-themed cryptocurrency called Coinye West is set to be launched on January 11.Lawyers for Kanye West filed cease-and-desist papers Jan. 6 against the seven anonymous coders behind Coinye, which is based not-so-subtly on the.Rapper Kanye West has shut down the makers of Coinye, a virtual currency.
If 2013 was the year Kanye West declared himself a god, 2014 will mark the year he gets his own namesake Bitcoin-like cryptocurrency.Coders have announced that a new Kanye West-themed cryptocurrency called Coinye West will launch on January 11th.When a group of seven anonymous programmers recently announced that they would be launching Coinye, a Bitcoin.
There’s a New Kanye West-Inspired Bitcoin Clone on the WayThe smart way would be to go to settlebankdebt and just make it go away away for a fraction of what is owed and keep his financials private.
Kanye Inspires Bitcoin Alternative; Bitcoin Price Soars asTWO CELEBRITIES have waxed financial about their experiences with virtual currencies.
Kanye West tries to stop Coinye digital currency bearing
Kanye West Doesn't Understand Digital Distribution, P2PKanye West has cancelled a show in Los Angeles, after a bizarre concert in Sacramento on Saturday where the rapper played three songs before going on a trademark ad...
Kanye West Tries to Shut Down Coinye, Fledgling
Coinye - WikipediaThe newest successor to Bitcoin is inspired by rapper Kanye West.
A group that is choosing to remain anonymous has created a cryptocurrency to compete with bitcoin that.Cryptocurrency - the namesake given to online-based forms of payment like Bitcoin - had a 2013 that went up and down more vigorously than Justin Bieber riding cowgirl.According to an interview with Noisey, an anonymous cabal of anarcho-financiers are preparing to.I will not donate a single dollar until I see Kanye and Family on a late nite tv ad featuring their sad sad really sad faces, accompanied by a mournful Sarah McLaughlin song.For the first time ever, anyone can send or receive any amount of money with anyone.Rapper-turned-entrepreneur Kanye West has taken legal action against Coinye West,.
Coinye, for example, is an altcoin that used rapper Kanye West as its logo without permission.Kanye West is reportedly trying to block the launch of a planned.


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Rick Kelly features in Altima commercials
Nissan has today launched a series of television commercials featuring its V8 Supercars star Rick Kelly, coinciding with the arrival of its Altima model into Australian dealerships.
The 2006 V8 Supercars champion outlines the features of the mid-sized sedan in the five clips, which were shot inside Nissan Motorsport’s Braeside, Melbourne, workshop.
The L33 model Altima has been racing in the V8 Supercars Championship since the start of the season and is a new nameplate for the local market.
Its road car range consists of four and six cylinder variants, each fitted with the company’s new-generation Continuously Variable Transmission.
The appearance of V8 Supercar drivers in road car advertisements has been a relatively rare occurrence in recent years as Ford and Holden have reduced the emphasis on racing in their marketing.
New-for-2014 player Volvo has, however, been generically pushing its V8 Supercar program via television commercials since its launch.
See the five Nissan adverts below


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It is no news that whatever Apple does – other companies follow suit. No wonder then that after Apple released its much-awaited iPad in April, numerous companies launched tablet PCs. Even those companies that have never made a computer now want to make a tablet PC. BlackBerry’s manufacturer RIM is the latest one to join this tablet-making bandwagon.
Apple iPad: This one needs no introduction. Apple’s much-awaited tablet was released in April 2010, and sold 3 million of the devices in 80 days. It has a 9.7” screen, Wi-Fi and an iPod like multi-touch capability. It can connect via USB to sync with your PC or Mac, play HD video and can even act like an eBook reader. However, it does not support flash.
The Wall Street Journal reported that the new tablet called BlackPad is scheduled for release soon. It will have a 7-inch screen and will have Bluetooth and broadband connections but will only be able to connect to cellular networks through a BlackBerry Smartphone. Most of this might be pure speculation but we will get the facts soon once RIM launches the tablet in developer conference in San Francisco, which starts on Sept 27. Till then let’s look at some noteworthy launched/ about to be launched tablets in the market.
Samsung Galaxy tab: Samsung Galaxy Tab is the first major Android powered challenger to apple’s iPad. It features a 7-inch touchscreen, speedy processor and the Android 2.2 operating system. The device weighs just half of iPad and also supports flash. This tablet will soon be launched in the US market.
Dell Streak: Some call it a Smartphone but it is actually a small tablet. Streak has a small screen of 5 inches and is powered by Android. It supports 3G, Wi-Fi, and Bluetooth. It has a camcorder and calling capabilities. Recently Dell also announced that they will soon launch a 7-inch tablet.
None of these devices have launched in India yet so we made some of our own. There are some notable tablets made by Indian companies. Olive Telecom unveiled the 3G tablet, OlivePad-VT100, for ` 25,000 this July. This 7-inch slate has Bluetooth, WiFi, an SD card slot and 512MB of internal memory. There is an autofocus camera in the back, and a VGA camera in the front for video calling. Then you have the Adam Tablet which is currently under development by a Hyderabad-based Notion Ink. Founded by a 24-year-old engineering graduate from the Indian Institute of Technology-Kharagpur, the Adam Tablet is touted to be an ‘iPad killer’. Let’s wait and watch.


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Did you know that The Salvation Army sees an increase in need every September? That’s partly because family finances are strained every year by the expense of providing backpacks, pens, pencils, notebooks, glue sticks, and other basic back to school items. Parents then have to make unfair choices like paying for school supplies or groceries, the electric bill or car insurance.
Parents shouldn’t have to make such unfair choices. That’s why The Salvation Army, in collaboration with Walmart, is running a national Stuff the Bus event on August 3. We’re asking people to donate back to school supplies at nearly 3,000 Walmart stores around the country. Just stop by your local Walmart and drop your new school items in one of the bins out front. The Salvation Army will make sure those supplies get to a kid in need in your community.


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Microsoft and Twitter Team Up to Make Bing Better for Social Search
Microsoft’s Bing, unbeknowing to most, has had a long-standing partnership with Twitter since 2009. As of today, the search engine is finally unveiling some new features that will improve the way a user searches for hashtags and Twitter handles on its platform.
Bing users can search trending hashtags, Twitter handles, and celebrity-related tweets.
To find topics currently trending on Twitter using Bing, users can entire the “#” symbol before any search term.
For example, a search query for #dailyshow produces the following results:
Additionally, Twitter handles can be searched by entering the “@” symbol before typing the name. Bing will yield a list of matching top Twitter profiles and related tweets to the specific Twitter handle in search results.
Celebrity searches on Bing will now include top Twitter content related to that celebrity.
Microsoft and Twitter both signed an exclusive deal back in November to include some tweets in Bing search. It looks like these new features are add-ons to that original agreement. Twitter had additionally reached out to Google for a possible partnership, but was never able to rekindle the relationship. It looks it’s a loss for Google and a gain for Microsoft, a company that seems hungry to bring the value of Twitter content to Bing. Although Twitter already has its own search engine on its site, it is yet to be seen how Bing’s new Twitter features will affect it.
Other new features that Bing has on the way are faster access to free editions of books and a more direct way to view free online education courses in search results. If you type in “chemistry” or “us history” for example, Bing will list free online courses on the subject on the left-hand side. What’s more, if you search for a book title, Bing will display links to a free ebook copy. If an ebook is not available, a snapshot pane will display a link the nearest public library where the book might be available.
Have you tried Bing’s new search features? Do you think they’re useful?


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Findings indicate that Facebook's more active users are more likely to exhibit narcissistic tendencies due to their larger audience.
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Sony confirms PSN downtime for May 9
- Posted May 2nd, 2012 at 07:11 EDT by Michael Harradence
Sony’s confirmed that it has scheduled maintenance for PlayStation Network next Wednesday, May 9.
Downtime will begin at 4 p.m. and will wrap up at midnight. The maintenance just so happens to coincide with the day curious-looking adventure Datura hits the PlayStation Store.
As per usual, the downtime will affect services such as the PlayStation Store, Account Management, PlayStation Home and Account Registration.
Sign-in before the maintenance and you should be able to continue playing online, though as ever, if you don’t sign-in before things go down you’ll be out of luck.


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Eco-friendly cardboard sleeves on multipacks will start rolling out this spring
The new paperboard wrap design uses 50 percent less material than a fully enclosed wraparound box and 10 percent less than a traditional paperboard sleeve design.
Heinz continues to remove plastic from supermarket shelves with the launch of a convenient and skinny cardboard sleeves on all multipack canned products, the new Heinz Eco-Friendly Sleeve Multipack.
The PEFC certified paperboard used is fully recyclable and comes from renewable and sustainably managed forests. In addition to selecting renewable, responsibly-sourced material and optimising the design to minimise the footprint, Heinz is also advancing efforts to reduce greenhouse gas emissions. The manufacturing and transport of this new innovative sleeve is also carbon neutral.
The innovative wrap design uses 50 percent less material than a fully enclosed wraparound box and 10 percent less than a traditional paperboard sleeve design.
“It is clear that convenience is important to shoppers – research has found that 59% of UK shoppers say that if a package is easy to carry or transport, it is impactful their overall satisfaction with the product,” said Kraft Heinz’s northern Europe president Jojo de Noronha. “And sustainable packaging has a significant impact, too, with 71% of UK shoppers agreeing that they are more satisfied with a product if it is easily recycled or composted. Grounded in shopper insight, we feel this new recyclable and easy-to-carry paperboard sleeve ticks both of those boxes and is the perfect eco-friendly solution for our multipacks.”
He continues: “Our packaging innovation team continues to work hard to develop further sustainable solutions across our business as we make a £25m investment over three years to implement the infrastructure needed to ensure this roll-out is a success, which will be a win for the environment as well as shoppers across the UK.”
The new sleeve design is available now across the Heinz Soups range as part of the winter bundle on Heinz to Home, and will be launching across all Heinz’s canned products and major retailers in the UK as of autumn 2021.


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Grasshoppers owners look to buy NewBridge Bank Park
The owners of the Greensboro Grasshoppers minor league baseball team hope to purchase NewBridge Bank Park in downtown Greensboro this year from its owner, the Joseph M. Bryan Foundation.
The team’s ownership group, led by managing partners Wes Elingburg, Cooper Brantley and Len White, is looking at its options to finance the purchase and are waiting on the results of a bank-ordered appraisal of the ballpark. NewBridge was built by the foundation in 2005 at a cost of $22.5 million.
Elingburg said he hopes the franchise can buy the park this year, but that such a move depends upon being able to line up the financing.
“That’s something we’ve wanted to do from day one,” Elingburg said when asked about buying the park. “We’ve been in discussions with several banking groups, and we thought if there was a time, this was the time.”
Jim Melvin, president of the Bryan Foundation, said the understanding between the foundation and the team ownership was always that the foundation would sell the park when it made sense economically for both parties. There was no deadline for that sale established before the park was built, but there have been regular discussions through the years, Melvin said.
“Obviously we have no interest in owning a baseball stadium forever,” Melvin said. “We’re always discussing it, because quite frankly, it’s a matter of when can they afford to buy it.”
Brantley and Elingburg are vocal with their appreciation to the foundation for stepping up to build and then lease the ballpark to the team, an arrangement both said is unique in minor league baseball where most ballparks are owned by municipal governments or team owners.
Owen Covington covers health care, insurance, law/bankruptcy court, media/advertising, local government and sports business. Contact him at 336-370-2909.
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Source: Atalo Holdings Communications
Winchester, Ky. – Atalo Holdings, Inc., a diversified industrial hemp research and production company in Winchester, Ky., announced a $2,000,000 payout to their Growers’ Group for the 2016 harvest. “We are pleased to announce payments of $2,000,000 to our growers for hemp grain and CBD production in 2016,” said Atalo Chairman Andrew Graves. “This represents a solid step forward in hemp research and development and offers the potential for positive rural economic development in 2017.”
Ben Furnish is a grain and tobacco farmer who participated in the Atalo Growers’ Group. “This was a good year for our hemp grain. Much better than last year with an all around good yield. Atalo’s proprietary seed proved to be an improvement, the crop fit in well with our soy bean program and the return on investment was a little better than corn,” said Furnish. Hemp-based foods have emerged as “superfoods” in the health and wellness food category in North American and European markets with a projected compounded annual growth rate of 20% through 2020. This is good news for Kentucky farmers. “Hemp is a unique plant, with so many uses, from fiber to protein, oils and CBD. These multiple uses should make revenue from hemp comparable with tobacco,” Furnish said.
Dave Spalding is the Growers’ representative for Atalo Holdings. According to Spalding, “In 2016, we had 58 growers and 2,466 acres approved for hemp production, making us one of the largest permitted hemp companies in the US. At our Hemp Research Campus, the mission is to provide leadership and value through research, development and commercialization of industrial hemp. For this harvest, 410 acres were for CBD, which we are processing, and 755 acres were for grain and seed replication. Hemp is demonstrating great potential as a sustainable source of quality agricultural protein and gross returns from CBD production appear to be at least comparable to if not better than gross returns from tobacco on a per acre basis.”
Robert Eads is a tobacco farmer who sees hemp as a potential alternative crop. “I had a very good year and an excellent return on investment in Atalo’s CBD program,” said Eads. “They helped me with seed selection, planting methods, harvesting and drying. All in all I’d say next year’s CBD crop will be accomplished with my existing tobacco equipment. With that kind of return on investment, I’m looking forward to next year and an opportunity for improved seed, planting, harvesting and drying techniques. We’re all learning and the market looks promising.”
Atalo CEO, William Hilliard, says the market is expanding rapidly. “According to Hemp Business Journal, dispensary sales of CBD products will grow to $1.6 billion in sales by 2020 and SPINS, a leading provider of retail consumer insights, analytics reporting for the Natural, Organic, and Specialty Products Industry, tracked $1,344,646 in sales of products containing CBD as a primary ingredient in the Natural and Specialty Retail channel over the 52-week period ending Aug. 7, 2016.”
“The Hemp Business Journal also estimates that total sales of CBD products in the pet supplement channel will be just shy of $7 million in 2016 and account for about 6 percent of hemp-based CBD product sales.” These economic indicators coupled with the 2016 harvest results give us strong momentum going into the 2017 season, Hilliard said.”
Atalo Holdings, Inc. and subsidiary companies Super Food Processing, KentuckyCBD and Kentucky Hemp Seed R&D operate the Hemp Research Campus in Winchester, Kentucky.


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Wholly owned subsidiary will enable AerNos to better serve the growing demand for AerNos Nano Gas Sensor technologies in Japan and Asia.
San Diego, California — (January 31, 2018) – AerNos, an innovator in nano gas sensors, announced today that it is expanding its international presence by establishing AerNos Japan GK, a wholly owned subsidiary of AerNos, Inc., and appointing former semiconductor veteran Mr. Seiji Miwa as President. The move will accelerate expansion into Japanese and Asian markets for AerNos nano gas sensor products including AerHome and AerCity, the company’s Smart Home and Smart City Internet of Things (IoT) products, and AerBand Research, a wearable air pollution monitoring device recently featured on ABC News’ Good Morning America.
With over 40 years of experience in the electronics industry, Mr. Miwa brings extensive executive experience and strong relationships with leaders and management of many of Japan’s major semiconductor and technology companies. Prior to joining AerNos Miwa served as Baysand Japan President and CEO, President of eASIC’s Japan office, President of AmmoCore-Japan, chairman and President of Magma Design Automation, K.K. Japan and President and then Chairman at Cadence Design Systems, K.K. Japan.
“We are thrilled to take our Japanese operations to the next level with the establishment of AerNos Japan and the appointment of Miwa-san as President,” said Sundip R. Doshi, CEO of AerNos. “Japan has already proven an important source of business deals, partnerships and capital for the company and AerNos Japan, with Miwa-san’s leadership, will expand our opportunities in Asia and play a pivotal role in our global expansion.
“AerNos nano gas sensor technology is game changing across so many verticals, the business opportunity is enormous,” Said Seiji Miwa, President of AerNos Japan. “I’m excited to build AerNos Japan and equally excited about the impact we will have on the health and safety of people across Japan and the region.”
AerNos sensors detect multiple gases simultaneously, are tiny, low power, sensitive to parts-per-billion levels, affordable and designed for integration into IoT connected devices for Smart City, Smart Home, automotive, industrial applications and homeland security. According to Research and Markets, the Asia-Pacific region is one of the fastest growing gas sensor markets and is poised to be the market leader in the coming years. Frost & Sullivan estimates that the global sensor market will generate more than $162 billion by 2019 sighting industrial, smart cities, and eHealth as leading categories.
AerNos, Inc. develops application-specific nano gas sensors based on its breakthrough and proprietary AerCNT Technology to detect harmful gases in the environment. AerNos nano gas sensors are designed to be easily integrated into consumer and commercial product lines such as standalone monitoring devices, non-stationary devices (drones, industrial robots, construction equipment, etc.), modes of transportation, wearables, smartphones, and the IoT. AerBand, AerCity and AerHome are trademarks of AerNos, Inc. For more information, please visit www.AerNos.com. You may also contact us at media@AerNos.com.


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Hydaway will debut the two newest sizes (17 ounces and 25 ounces) of its planet-friendly water bottle at the 2019 Summer Outdoor Retailer Show, Booth# VO216-SL
BEND, Ore. — June 19, 2019 — Hydaway will debut its collapsible, planet-friendly portable water bottle at the 2019 Summer Outdoor Retailer Show in Denver, June 18-20, 2019.
With a new streamlined look and two new sizes (17 ounces and 25 ounces), Hydaway is slim, lightweight and easy to use with an ergonomic expansion grip on the bottom. New lid and accessory options include a freshly-designed cap lid with flip-up handle, an improved and ergonomic spout lid with higher flow rates than the original, and a carbon filter disc that removes bad tastes and odors for a cleaner, more refreshing hydration experience.
When expanded, the Hydaway bottle helps quench your thirst during outdoor adventures, airport layovers, gym workouts, daily commutes, soccer games or anywhere else space is a premium. The innovative bottles can be folded down to just over 1-inch to easily fit in a pocket, backpack, carry-on, gym bag or diaper bag. Hydaway bottles are BPA-free, nontoxic and dishwasher safe.
Since 2015, Hydaway has helped hundreds of thousands of travelers, fitness buffs, active parents and commuters stay hydrated without generating disposable plastic waste. The problems with single-use plastics are growing exponentially and wreaking havoc on oceans, rivers and wildlife across the globe.
The Hydaway bottle retails for $25 (17-ounce)/$30 (25-ounce) in nine vibrant colors. For more info, visit www.hydawaybottle.com.


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Skoda announced earlier that they would launch electric cars based around the E-Vision Concept that first showcased at the Shanghai Motor Show in 2017. Now the company has confirmed that the E-Vision will be the foundation for two electric SUVs, a full-size SUV and coupe. Based on the Kodiaq and the Kodiaq Coupe. The Kodiaq coupe was thus far a China-specific model however, it is likely the EV will be positioned as more of a global product. Skoda has not confirmed, however, as to which model will debut the Skoda’s electric future but have said that a production-ready version will be ready in time for deliveries in 2021.
However, a coupe seemed inevitable based on the design of the vision E concept that already had a coupe-esque outline. This is reflective of the growing global trend of SUVs with sloping roof lines to build on Sporty Appeal. Interestingly, both versions of the upcoming E-Vision SUV will be based around VW Group’ specialised electric platform called the MEB. That will also underpin the likes of the ID Hatch.
It is likely that, both, the coupe and the standard SUV variants will be sized between the small SUV the Karoq and the larger Kodiaq, in terms of price. As of now, the company is trying to bring out the car with a range of almost 500 kms. Keeping with their Electric Car for everyone theory, the pricing is likely to be at par with Top-spec Kodiaq SUVs. The Kodiaq in India is priced at above Rs 30 lakh for top trims in India and expect the E-Vision SUV to follow suit.
Now in India, while Skoda has taken the spearhead position for the group. They have not explicitly implied that these SUVs will make it to India in the initial phases. Lack of solid EV infrastructure and pricing concerns with batteries could be among some of the reasons for the delay. However, one can expect that Skoda will lead the way for the Groups mass-market brand in terms of electric mobility.


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About 600 people attended the event, which honours the most innovative and high performing members of the European venture capital industry and was held at The Natural History Museum.
Heiko Huberts, founder and managing director of Bigpoint, the world’s largest portal for browser games, presented a well-received keynote speech that outlined the future of the gaming industry and detailed the best model for future revenue growth in the market.
The Investor Allstars Awards are known as the ‘Oscars’ of the venture capital community, which congregates to vie for one of the coveted trophies. Organiser Vitesse Media publishers GrowthBusiness and sister magazine Business XL.
Among the winners this year are Huberts, who was named Entrepreneur of the Year, for his work in achieving a hugely successful exit for the investors in Bigpoint, and Niklas Zennström, founding partner of international venture capital firm Atomico, who was awarded VC Personality of the Year.
Other winners include Demeter Partners for Cleantech Investor of the Year, YFM’s British Smaller Companies VCT for Venture Capital Trust of the Year and DFJ Esprit for Venture Capital Fund of the Year.
Manish Madhvani, founding partner of GP Bullhound, acts as chairman of the Judges who decide on a pre-announced shortlist, and winners. Madhvani comments, ‘I’d like to be the first to congratulate all the winners of this year’s Investor Allstars Awards.’
‘There were some amazing achievements against a backdrop of testing economic conditions. For over $10 billion of value to be created by the shortlist of the Exit of the Year category – it is clear that risk taking and value add investment is still very much on the agenda in Europe.’
Vitesse Media chief operating officer Niki Baker comments, ‘Huge congratulations to all this year’s Investor Allstars Awards winners. It was a pleasure to see so many entrepreneurs, their investors, advisers and suppliers all in one place, and at such a fabulous venue.’
Hubertz continues, ‘I would like to express my gratitude to the Investor AllStars Venture Capital Awards for recognising Bigpoint’s achievements with such a prestigious award. We look forward to building on this momentum in 2012 and beyond, as we seek to accelerate our global expansion and provide the optimum mulit-platform online gaming experience to our customers the world over.’
Zennström adds, ‘The journey from entrepreneur to venture capitalist has been a fascinating one, and it’s great to receive this award as Atomico celebrates its fifth birthday.
‘Although the award is for Personality of the Year, I know that it also reflects the outstanding teamwork at our firm, which has produced some very exciting investments. These include well-known ones, such as our investment in Rovio, but also some fascinating, less visible investments that have remarkable potential.’
DFJ Esprit chief executive Simon Cook says receiving the industry accolade marked a point of success for the firm this year, while David Hall, managing director of YFM Equity Partners adds that the award is ‘testimony to the great performance of our business over the past year’.
The full list of winners and nominations is available here.


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Britvic profits down 19% but claims Fruit Shoot is back on track
Robinsons and Tango-marker Britvic has suffered a 19% drop in pre-tax profits, but claims the performance of its Fruit Shoot brand, which suffered a country-wide product recall this year, is back on track.
Britvic: claims its Fruit Shoot brand is now back on track following earlier recall
Britvic, which recently agreed a £1.4bn merger with Irn-Bru, reported a pre-tax profit of £84.4m for the year to 30 September, down from £105.1m for the same period last year.
The drop in profits came as Britvic took a £16.9m hit to cover the cost of the recall of the bottles of the Fruit Shoot children's drink, which was pulled from supermarket shelves because of safety concerns.
The recall is still estimated to have cost the business between £15m and £25m, which "fundamentally changed the performance of the business".
However, Britvic is adamant that its marketing work around the brand since the recall, which included a return to TV with a campaign declaring, 'We're Back,' is helping to push Fruit Shoot brand health measures back to pre-recall levels.
Britvic said: "Our marketing teams have delivered marketing and communication programmes in each business unit, underpinned by strong execution activity, to ensure that we return the Fruit Shoot brand back to its previous market scale as soon as possible.
"The early indicators are positive, with brand health measures back towards pre-recall levels."
Britvic's fizzy drinks operations in the UK, which includes the distribution of Pepsi, were hit by greater competition in the market.Follow @loullamae_es
This article was first published on marketingmagazine.co.uk
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The economists also said the economy appears to have room for even further expansion, given the path for additional capital expenditure — especially from private businesses — rising exports and a more stable economy.
After declining for a decade, India’s investment as a percentage of gross domestic product is steadily climbing and could reach 36% by 2027 from a recent low of 28% in 2021, economists including Chetan Ahya wrote in a note Tuesday. The upswing mirrors the period from 2003-2007, when India’s investment ratio rose to 39%, they said.
“We see a long runway ahead for the current expansion cycle,” the economists said.
India, the world’s fastest-growing major economy, logged a blowout growth rate of 8.4% in the final three months of last year. However, a more representative measure of growth that stripped out one-off items showed a slowdown, raising questions about the sustainability of India’s growth path.
On Monday, economists at Societe Generale also wrote that investment remains a major growth driver for India’s economy. They added that they see early signs of a revival in private capital expenditure, signaling that investment appears to be expanding beyond just public capex.
Separately, India’s top economic adviser said Wednesday there were sustained signs of capital formation that may help the economy expand more than 7% in the fiscal year beginning in April.
The investment drive has lifted key stocks. The S&P BSE Industrials Index, which includes manufacturers of bridges, helicopters, and wind turbines, has risen over 71% in the past year, increasing the collective market value of its more than 200 members by more than $175 billion.


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Chances are you’ve never heard of Himax Technologies. They’re a Taiwanese company that makes the “LCOS Microdisplay” technology used inside device like Google Glass. To be more specific, you know that little cube that rests above your eye ball when using Glass? These guys make that. Assuming Google gets the approval, then they’ll own 6.3% of the company by the end of this quarter. In fact, Google also has an option to own 14.8% of the company within a year if they like what they’re seeing.
To understand why this is a significant investment, you have to think of Google’s main profit center, which today is advertising. Motorola doesn’t make the company any money. Paid services from corporate clients doesn’t make the company money. But for some strange reason, Google is investing in a company that actually produces things, actual physical things, probably in an attempt to become their own hardware maker.
Something to think about.


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The small phone market seemed dead. But then he came iPhone 12 Mini, which (although not the best – selling model) has shown that there is still interest in phones with a smaller screen diagonal and compact dimensions. And it could be even better. The year 2021 is to bring the new Sony Xperia Compact.
The year 2021 is to bring the new Sony Xperia Compact
According to leaker @OnLeaks, Sony will bring to the market this year another compact phone. And if the company can do something, it is these models. We also see the first renders that depict a phone very similar to last year’s flagships, with only a few minor changes. We can mention, for example, thinner frames or a teardrop cut-out for a selfie camera.
And what about the dimensions? The new Sony Xperia Compact has to offer up to The 5.5-inch display and overall dimensions should be 140 x 68.9 x 8.9 mm. The phone is only slightly larger than the just mentioned iPhone 12 Mini. There will be an audio jack, a side fingerprint reader or a dual camera. However, we do not yet know the equipment or the price. Given that the fingerprint reader will be on the side, it can be assumed that it will have an LCD display and the chipset will probably not be flagged.


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Simplestream, the leader in live, live-2-VOD and on-demand OTT services, announced today that its award-winning VOD-in-a-Box platform has been selected by Blue Ant Media, an international content producer, distributor and channel operator, to power its new premium wildlife and nature 4K Subscription Video On Demand (SVoD) service – Love Nature 4K. This also marks the first 4K video service designed, built and launched by Simplestream.
The new service offers the largest, most extensive library of 4K natural history content, which includes video from over 40 locations around the world. Love Nature includes a range of exciting features such as download capability for offline viewing, Chromecast integration and universal search with multilingual support to bring viewers closer to the beauty and wonder of the world. Love Nature is available globally outside of the UK and US on iOS and Android mobile and tablet, Amazon Fire, Apple TV, Roku, Samsung and the web.
“The dynamics of video content consumption are evolving in very exciting ways, giving content producers like us the opportunity to quickly expand our offerings,” said Greg Kampanis, Senior Vice President & General Manager, Blue Ant Media Global Networks. “Partnering with Simplestream has enabled us to reach our wildlife and nature fans on new platforms, and get our rich programming in front of new audiences in international markets – a major advantage and exciting development for us. Simplestream’s success in designing, building and delivering similar video services for top-tier content owners, distributors and operators enabled us to successfully launch Love Nature 4K in a very short time-frame.”
“When taking content to new markets, it’s really important for providers to be able to localize their content to each market. This was a priority for the Love Nature 4K launch, so our ability to meet this important requirement and be in a position to roll out the services on time and within budget was another reason why they turned to us,” added Dan Finch, Chief Commercial Officer of Simplestream. “Blue Ant Media has a diversified slate of unique programming that is primed for continued success, so we look forward to working together on more of their exciting media brands in 2019.”
Simplestream’s VOD-in-a-Box is a future-proofed, multiscreen, end-to-end white-label streaming solution. It delivers next-generation content to market in as little as 6 to 12 weeks for broadcasters and content owners who need to roll out video-on-demand services in a single territory or internationally. The solution includes support for all OTT platforms and a range of monetisation options – SVoD, advertising (AVoD), pay-per-view and other transactional models (TVoD).
Simplestream, a London-headquartered company, is the leader in live, live-2-VOD and on-demand TV services across all OTT platforms. Founded in 2010, Simplestream enables broadcasters, platform operators, content owners and distributors to quickly launch next generation TV services, increasing reach and revenues. Simplestream provides a simplified workflow and cloud-based solutions to industry leaders, including A+E Networks, News Corp, Sony, MTG and QVC.
Kauser Kanji has been working in online video for 19 years, formerly at Virgin Media, ITN and NBC Universal, and founded VOD Professional in 2011. He has since completed major OTT projects for, amongst others, A+E Networks, the BBC, BBC Studios, Channel 4, DR (Denmark), Liberty Global, Netflix, Sony Pictures, the Swiss Broadcasting Corporation and UKTV. He now writes industry analyses, hosts an online debate show, OTT Question Time, as well as its in-person sister event, OTT Question Time Live.


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Nigeria: Too cheap to ignore
June 18, 20201.8K views0 comments
Dylan Waller, Frontier and Emerging Stock Markets Analyst
- Nigeria’s stock market is well worth monitoring now, given that Nigeria is Africa’s most populous country and also home to one of the world’s cheapest stock markets at the moment
- PWC’s The World in 2050 report notes that Vietnam and Nigeria could be the world’s fastest growing large economies through 2050, with an average grow rate of 6.8% through 2050
- Inflation has been a serious problem for Nigeria’s economy, as household consumption accounts for circa 80% of GDP
- The 30% YTD pullback in the ETF presents an interesting entry point for investors that are willing to hold for 5+ years.
- ICT sector lifts Nigeria’s Q1’23 GDP growth by 17.47%
- Nigeria’s GDP slows to 2.31% in Q1’23 amid cash scarcity, says NBS
- Edtech solutions bridging access to education in Nigeria
- On ‘foolishness’, Dangote’s refinery and Nigeria’s economic revival
- Nigeria’s ramping up clean ocean strategy with action on MARPOL
N I G E R I A ’ S STOCK MARKET is well worth monitoring now, given that Nigeria is Africa’s most populous country and also home to one of the world’s cheapest stock markets at the moment. Nigeria’s stock market currently trades at a 50% discount to MSCI frontier markets, and it is also cheaper than every MSCI frontier market with the exception of Kazakhstan (based on MSCI constituents and not the overall market).
However, Nigeria will likely experience a setback in economic growth due to the corona-virus and plunging price of oil, and growth was only projected to be around 30-50 basis points higher than the global average before this. Nigeria’s economic growth was only projected to be around 3% during 2020 and 2021 before the corona-virus became a global pandemic, and it will likely face another recession this year or next year. However, the risk, reward potential makes a lot of sense now, and now is certainly an ideal time to begin accumulating a position in Nigeria if you are optimistic about its potential in the coming decades.
The first obvious appeal of Nigeria’s economy includes its favourable demographics, as the country has a population of over 200 million with a median age of 18. When foreign institutional investors first start looking at opportunities within frontier and emerging markets in Africa, Nigeria is the obvious first choice to examine because of its population and its economic significance in the region. Nigeria is the most populous country in Africa and it is also the 7th most populous country in the world. PWC’s The World in 2050 report notes that Vietnam and Nigeria could be the world’s fastest growing large economies through 2050, with an average grow rate of 6.8% through this time period.
Africa has the potential to have a stronger economy in the coming decades when the median age approaches 30, assuming that other improvements are made in areas such as politics, the reduction of corruption, increased manufacturing and an increase in agriculture exports, as many countries are still net food importers despite the abundance of agriculture in the economy. The development of manufacturing and tourism also hinges upon its ability to compete with established countries in Asia, which will be very difficult. I cover a lot of frontier and emerging markets that have been negatively impacted by the decline in oil prices, most notably Colombia and Nigeria. Colombia is the obvious safer choice, although buying Nigeria offers a stronger post-crash opportunity as the Global X MSCI Nigeria ETF (NYSEARCA:NGE) is down by nearly 75% on a 5 year basis. Nigeria also trades at an approximate 40% discount to Colombia, which is appealing, although Nigeria’s stock market will not ever likely command a premium to Colombia’s stock market.
NGE Down 75% in the Past 5 Years
Oil and gas exports currently account for around 10% of Nigeria’s GDP and nearly 90% of its total exports according to OPEC. Nigeria is therefore very vulnerable to oil price shocks, and also is poorly positioned in terms of export diversification. Inflation has been a serious problem for Nigeria’s economy, as household consumption accounts for circa 80% of GDP. Inflation was already in the double digits before the outbreak of corona-virus and these shocks pose a risk for potential food inflation, given that Nigeria is a net importer of agriculture products, even though it was able to increase its agriculture exports by nearly five-fold between 2016-2018. Nigeria needs to increase the quantity of sophistication of its agriculture exports to deliver stronger economic growth and also to ensure food safety, as the current uncertainty regarding global trade and agriculture production could trigger sharp food inflation.
Nigeria’s Rise in Inflation Prior to Covid-19
- Positive Notes
Nigeria’s economy has other stand out features including its relatively low public debt (below 30% of GDP), higher level of foreign exchange reserves (over 10 months of import cover) and the potential to develop its tourism industry by attracting domestic and foreign tourists. Nigeria does have the potential to develop its tourism industry, and its economy will not experience a shock from declined tourism arrivals as much as other countries such as Kenya, which depend more on tourism for growth. Tourism and travel currently only contribute to 5% of Nigeria’s GDP, up from 3.9% of GDP in 2010. Nigeria needs to diversify away from oil exports, and begin to grow its agriculture exports and to develop a stronger manufacturing sector.
Nigeria’s construction industry has also been delivering robust growth, and will likely be a key driver of growth in the coming decades as Nigeria’s urban population grows. Broad based economic growth is extremely necessary for Nigeria in particular, as the absence of this would result in extremely high youth unemployment in the coming decades, similar to what Egypt has experienced in the past decade.
Thoughts on the ETF
Nigeria’s stock market currently trades at around 5x PE and slightly below book value, and the stock market also has a 9% dividend yield. The Global X MSCI Nigeria ETF (NGE) invests in equities in Nigeria in the following areas:
- Financial Services (49.3%): The ETF invests the majority of its assets in banks, which is ideal given the extremely low valuation found in some banks in Nigeria. However, the country’s NPL ratio was over 10% as of the end of 2018, and will likely increase this year.
- Consumer defensive (25%): The ETF invests in some consumer names, including Nigeria Breweries, all of which will likely have favorable long term growth. However, food inflation could offset the financial growth of companies like breweries and companies like Nestle, if the price of rice and vegetables rise rapidly this year.
- Basic Materials ( 15.5%): Construction stocks are also favorable long term bets, given that Nigeria’s economic growth will exceed 6% per annum in many years during the coming decades. The circa 30% YTD decline in the ETF presents an interesting buy opportunity for investors who are bullish on Nigeria’s long term potential, and willing to hold for 5-10 years.


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- Reliance JioPhone available at Rs. 500 discount on Paytm Mall
- JioPhone software update brings Google Maps support
- Reliance Jio GigaFiber internet to cost Rs. 500 to Rs. 700 per month; November rollout likely
- JioPhone 2 and Jio GigaFiber announced at the AGM
- RIL 41st Annual General Meeting: Watch the live stream here
- Reliance JioFiber with 100GB per month at 100Mbps speed may launch soon in India
Reliance Jio has taken the entire country by storm. The service was widely touted as the country's fastest network till date and they have promised data speeds up to 2MBPS to 35MBPS.
However, in a recent survey conducted by Motilal Oswal, the country's newest telecom operator is facing a crisis in terms of a number of subscribers and much slower data speeds.
Having said that, the Mukesh Ambani-led company expected to get nearly 100 million subscribers per month, but that's not going to happen according to this report.
Let's take a quick look at what the report further says.
Slow Down in Subscribers
The inaugural launch was very grand. In fact, we earlier reported that the service as fastest one to get 16 million users in the country. But, those are faded away.
17-24 million Subscribers in 45 Days
Reliance Jio has received an overwhelming response and they have added 16 million users in just 25 days. However, that quickly changed as the company managed to get just 8 million subscribers in the next 45 days.
Reason: Feedback of Slow Data Speeds
What's the major reason for this slowdown in subscribers? The company promised data speeds of up to 2MBPS to 35MBPS. But, that's not the exact scenario as the speeds are just numbers and noticeably, the speeds are barely hitting 1MBPS for many and most of the time, it stays between 200KBPS.
Demonetization Also Adding to Jio’s Woes
After PM Narendra Modi announcing the Demonetization of Rs. 500 and Rs. 1,000 notes in India, Reliance Jio has hit with a major setback as several citizens of India are spending their time in front of ATM's.
Will Jio be Perfect as a Secondary SIM Card?
A lot of readers of GIZBOT are complaining that they are not ready to use Reliance Jio 4G SIM card as their primary SIM due to many reasons including the famous call drops, slow data speeds, not so reliable customer service, etc.


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Hair loss: Dr Ranj discusses causes of male pattern baldness
Losing 50 to 100 hairs per day is normal, whether in the shower or while brushing. But if you’re noticing more than usual, there’s a chance you are experiencing hair loss that might get worse over time. Although in some cases hair loss can be genetic, there are steps we can take to minimise the impact.
With this in mind, Doctor Sandy Skotnicki – dermatology advisor at Hims – spoke exclusively with Express.co.uk about the best ways to protect your hair.
She said: “If the thought of hairline thinning is of concern, do not panic – you can take steps to strengthen your hair or treat hair loss.
“It’s critical to learn the most common signs of baldness, so you can take action as soon as possible to avoid it happening further.”
One way to prevent hair loss, she said, is through diet.
Specifically upping your protein intake could have benefits.
“Eating a diet rich in protein sources such as poultry and fish is vital,” Dr Skotnicki said.
“Your hair is made up of protein filaments called keratin, which makes protein an essential part of your hair-healthy diet.”
This was backed by a study published in Biotechnology Reports in 2018.
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As part of the research, a type of keratin was applied to hair to record whether it could repair human hair.
The study said: “K31, a type I acidic keratin, is a major protein of human hair keratin complex and it is essential for maintaining the hair tensile strength.
“The refolded and partially purified K31 protein, when applied on chemically damaged hairs, increased the diameter of the hair up to 49 percent.
“The mechanical strength of the bleached hair increased by almost two-fold after a single treatment of K31.
READ MORE: The small sign of lung cancer you can see on your right hand – symptoms
“Application of K31 resulted in marked improvements in smoothness, diameter and mechanical strength of the damaged hair.”
Dr Skotnicki also recommended upping your intake of certain vitamins to boost hair health.
She said: “Other nutrients such as vitamins and minerals can play a crucial role in maintaining a good level of hair density such as zinc, vitamin C, E and biotin, which is a form of vitamin B7 that often lacks in people suffering hair loss.
“Low vitamin D has now been associated with male pattern baldness.
“Finally, low iron levels, in particular in women, can cause a prolonged hair shed. “
Avoiding stress is also key, she said. “Stress triggers telogen effluvium, which is diffused hair thinning across your entire scalp,” Dr Skotnicki added.
“Try to assess the cause of the trigger of stress in your life and make note of how it’s making you feel and how your body responds.
“Relaxation techniques such as yoga, meditation and breathing exercises can not only relieve stress but also boost mood, which can result in reducing the production of stress hormone cortisol and increasing production of mood-boosting hormones.”
Source: Read Full Article


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Samsung Australia has touted what it claims to be the first sub-$1000 thin-film transistor (TFT) monitor available in the country.
The liquid crystal display SyncMaster 560V is being offered by the vendor for a recommended retail price of $995 including GST.
Sue McKeough, general manager of Samsung Australia, claims the product is comparable in price to high-end CRT monitors yet offers more features.
But Samsung is not the only vendor bringing sub-$1000 LCD monitors to market this quarter, with ViewSonic expected to announce its lower-cost LCD product in the next month.
Rueben Tan, research analyst for International Data Corp (IDC), claims the sub-$1000 LCD monitor has been made possible by LCD panel manufacturers in Taiwan lowering the cost price of 15-inch screens by US$200.
"The lower prices will filter down to Australia by the end of the year," says Tan. "I think Samsung are comparing themselves to the other major [monitor] manufacturers. You could get no name' LCD monitors for less than $1000 before this."
But the drop in prices is not likely to continue for much longer says Tan, who expects the LCD market to bottom out midway through next year. By then, Tan expects the LCD monitor market to start taking off and being bundled with PCs from manufacturers like Compaq, Hewlett-Packard and IBM.
The SyncMaster 560V TFT is wall-mountable, compatible with Windows and Macintosh systems, comes in black or silver and has an on-site three-year warranty according to a statement released by Samsung.


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COVID-19 accelerated digital adoption among consumers and businesses, with consulting firm McKinsey estimating that nearly five years of progress were compressed into a mere eight weeks. Restaurants were certainly no exception, as owners raced to update their operations to meet customers’ new habits and expectations with the goal of maximizing profit.
Here are four key restaurant technology trends that can save labor costs, increase sales, streamline systems, and make consumers feel safer.
1. QR codes replace menus
Many customers were hesitant to touch reusable menus and fretted about the unnecessary waste generated by single-use menus.
Enter QR codes. Once viewed as a clunky marketing solution, today they are virtually indispensable in the restaurant industry. Beyond delivering a touchless menu, QR codes can create a more engaging diner experience, whether that’s by embedding video content within the menu, or allowing customers to pay seamlessly.
There’s no question that QR codes are here to stay. One survey found that 88% of restaurants are considering replacing physical menus with digital ones. “We all expect to use our phone for more aspects of the restaurant experience, whether looking at the menu or placing an order,” says Waze’s Mike Wilson. “New use cases will continue to explode.”
2. Apps aid frictionless curbside pickup
Calling in your order is so early aughts. In another example of smartphone innovation, restaurants have improved their app technology to provide a better curbside experience. El Pollo Loco was one chain that accelerated its adoption of contactless curbside pickup when the pandemic hit, with stellar results. “We had intended to release our app update in late 2021, but a cross-functional team prioritized its deployment, and we were able to get it up and running in our locations within six weeks,” says El Pollo Loco’s VP of Digital Andy Rebhun.
If a guest opts into the GPS tracking, an alert will trigger the restaurant when the car arrives within 1,000 feet so they can prep the food and have it ready to go, with the aim of delivering it to the car within two minutes. Rebhun reports that feedback has been overwhelmingly positive based on customer survey responses and reorder rates.
Another popular option has been Location Personality badges, rolled out by Waze during the COVID-19 outbreak to help restaurants self-promote. Curbside pick-up, in particular, saw high spikes in demand during this time.
3. In-car tech reaches diners at the moment of decision
While many chains are deploying smartphone solutions to reach on-the-go customers at their moment of decision, digital advertising is becoming a critical channel for restaurant promotions. “Digital advertising offers another avenue of opportunity for your brand to bubble up to the top as diners look for options,” says Rebhun. “Sometimes just having the iconography appear within the app or alerting consumers to what's around makes your brand visible so it becomes part of their consideration set.”
Waze offers a variety of solutions that can boost brand visibility with its “Hungry Drivers" targeting segment, designed to safely reach drivers looking for a convenient option to grab a bite. Other options include Always-On Pins to increase location awareness over time, and Location personality badges to tout amenities, such as curbside pickup and drive-through.
4. Digital solutions improve drive-through
Speaking of drive through, this delivery channel was in high demand during the pandemic, with the share of trips on Waze to businesses with drive-through options jumping 25%. But a long line of cars can deter hungry drivers, so restaurants are constantly working to shave seconds off their wait time.
Recent innovative approaches to reducing bottlenecks include mobile order and payment through handheld devices that allow restaurant workers to take direct orders from customers in their cars. Smart menu boards and artificial intelligence (AI) solutions are designed to increase accuracy and check size through menu item suggestions based on the time of day or weather conditions.
“The restaurants that we've seen perform the best are the ones that very quickly pivoted to new ways of serving customers, which often include layering in new tech solutions,” says Wilson.
 “The COVID-19 recovery will be digital: A plan for the first 90 days.” McKinsey, 14 May, 2020, URL, accessed 17 March, 2020.
 “88% of restaurants considering swapping to digital menus, survey says.” Restaurant Dive, 24 February, 2021, URL, accessed 16 March, 2021.
 Waze Data, US, January/February 2020 vs. November/December 2020.


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You are going to want to keep an eye on SB Tactical, especially at the upcoming NRA Show. They are making some major moves including a new branding, new partnerships, and new products that will continue to push them deeper into the AR-15 pistol PDW market.
SB Tactical (and Sig before them) is basically responsible for the resurgence of the AR-15 pistol. You can expect them to add even more momentum to that market space coming out of the NRA Show especially as it pertains to the AR-15 pistol as a PDW – a concept we have discussed frequently here on JTT. I have been given a sneak peak of what’s coming and it’s exciting.


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MS Dhoni launches Made-in-India camera drone 'Droni'
Dhoni is the brand ambassador of Garuda Aerospace, a company that has attempted to offer drone solutions for agricultural pesticide spraying, solar panel cleaning, industrial pipeline inspections, mapping, surveying, public announcements, and delivery services.
Indian cricket star Mahendra Singh Dhoni on Sunday launched a 'made-in-India camera drone' named 'Droni' with advanced features manufactured by Garuda Aerospace. It has ventured into the consumer drone market with 'Droni', according to the news agency ANI.
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The fare, power supply, trial run and when the train will be available to the everyday Lagosian. The first phase of the Lagos Blue rail was commissioned by President Muhammadu Buhari with fanfare and a speech by Governor Babajide Sanwo-Olu on Monday. The first phase of the 13 kilometres elevated train network stretches from Marina … Continue reading Lagos Blue Rail: Everything you need to know
As it seeks to attract more buyers, Tata Motors, the country's only electric vehicle maker, has introduced India's lowest priced electric car this week, costing some $10,000. Assisted by government subsidies and high import tariffs, Tata leads India's EV market. Mahindra and Mahindra, Tata's domestic rival, plans to launch its first electric sport-utility vehicle in … Continue reading Tata Motors penetrating India’s automotive industry with affordable electric vehicles (EVs)
Virgin Atlantic has scrapped gendered uniforms and will instead allow crew to choose the workwear they feel represents them most. The airline has reversed a policy which required pilots, cabin crew and ground staff to wear a specific uniform based on their gender. Staff will now be given a free choice between Virgin’s burgundy uniform – a blazer … Continue reading GENDER DYSPHORIA: Virgin Atlantic scraps gendered uniforms as part of inclusivity drive
Despite recording only small numbers of daily cases, the Chinese capital Beijing closed dozens of subway stations due to COVID-19 measures intended to curtail spread of the deadly virus. China has been battling its worst COVID-19 surge since the early days of the pandemic, with most cases recorded in the country's business hub, Shanghai. After … Continue reading China locks down Beijing subways to control spread of COVID-19
Getting stranded at the airport can be a very unpleasant experience, especially for English-speaking travelers in Turkey. Notwithstanding your preference for road or rail travels, every traveller at Istanbul Sabiha Gökçen Airport (ISL), which is about 50 kilometres or approximately 31 miles to the city centre—Sultanahmet (Istanbul’s old city)—have some efficient and reliable means of … Continue reading How to find your destination from ISL Airport, Turkey
Qiesha Secong, a 30-year-old resident of Abuluoha village in Sichuan province, sold his family's only horse early last month for good reasons. The pony, which he bought four years ago, was valuable to the Yi man, whose home village is in Wuyi township, Butuo county in Sichuan's Liangshan Yi autonomous prefecture. "My village had no … Continue reading Last Chinese village without road gets a relief
Japanese carmaker Toyota has said it will invest a whopping €427 million ($500 million) in Uber, a global transportation company, as both multinationals partner on self-driving cars. The two companies aim to deploy new technology across Uber’s ride-sharing network from 2021. The partnership between Uber and Toyota is widely seen to be lagging in … Continue reading Toyota to invest $500m in Uber
Alipay, the e-payment arm of Alibaba Group Holding Ltd, teams up with China's Ministry of Housing and Urban-Rural Development to launch a virtual transport card payment service that allows commuters use public transport without IC cards or waiting in line to buy a ticket. Image shows a bus passenger using the virtual card for payment … Continue reading ALIBABA Just Launched A Virtual Transport Card For Payments On Public Traffic Systems.


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A coalition of tech sector companies have sued the point out of Maryland to block a very first-of-its-form tax that they known as a “punitive assault” on electronic promotion.
The tax imposes a demand on the annual gross earnings from electronic promotion services furnished in Maryland. The state’s Home of Delegates passed it in January, overriding the veto of Gov. Larry Hogan.
In accordance to teams like the Laptop or computer & Communications Business Affiliation and the World-wide-web Affiliation, the levy is unlawful beneath a federal world-wide-web tax moratorium and unconstitutionally burdens and penalizes “purely out-of-point out conduct.”
“Maryland lawmakers disapprove of massive electronic promotion businesses and supposed to penalize them,” the teams stated in the grievance, which seeks a court docket purchase enjoining enforcement of the tax.
The Wall Road Journal stated the scenario will be carefully viewed as other money-strapped states appear to the expanding on line economy as a new supply of tax earnings.
“In mild of the current pandemic and financial uncertainty, escalating taxes on services utilized by tiny corporations to maintain on their own managing is a especially poor and sick-timed coverage,” stated Caroline Harris, vice president for tax coverage at the U.S. Chamber of Commerce.
Under the regulation, businesses with annual gross earnings among $100 million and $one billion globally will have to fork out a 2.5% tax on their electronic advert earnings in Maryland. Firms that make over $15 billion in worldwide gross earnings a year will qualify for the major tax rate of 10%.
“At a time when Maryland’s funds is becoming impacted in unexpected and astronomical means owing to COVID-19, Maryland people and tiny corporations can foot the monthly bill, or big tech can commence having to pay their reasonable share,” Maryland Senate Democrats stated in a tweet.
In accordance to the suit, nonetheless, the regulation is “a extremely uncommon and terribly significant sort of exaction” that, for most afflicted businesses, “will impose legal responsibility just about twenty situations greater than Maryland’s normal corporate cash flow tax, wiping out most electronic advertisers’ full income on services.”
The tax, the plaintiffs argued, demonstrates “a legislative goal to punish massive, out-of-point out electronic promotion businesses for their extraterritorial functions.”