text:
The FairTax is the answer to this problem. The faster we get it passed, the quicker the problem will be solved.
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - The U.S. trade deficit, exacerbated by surging imports of oil and textiles, soared to an all-time high of $61.04 billion in February.
The Commerce Department said Tuesday that the February imbalance was up 4.3 percent from a $58.5 billion trade gap in January as a small $50 million rise in U.S. exports of goods and services was swamped by a $2.58 billion increase in imports.
The surging trade deficit is leading to an increase in protectionist pressures as American textile and clothing manufacturers are lobbying the administration to limit imports of Chinese textile and clothing goods to ward off a flood of products now that global quotas have expired.
For February, imports of textiles and clothing from China rose by 9.8 percent even though America's overall trade gap with China actually narrowed to $13.9 billion, down by 9.2 percent from a January deficit of $15.3 billion. The improvement reflected an increase in U.S. exports to China and declines in other import categories outside of
For the first two months of this year, the trade deficit is running at an annual rate of $717.2 billion, a full $100 billion above the record imbalance of $617.1 billion set for all of 2004.
Trade deficits of this magnitude have raised worries among economists about America's ability to continue to attract the foreign financing needed to cover the shortfall between exports and imports. If foreigners decided to hold fewer dollar-denominated investments such as stocks and bonds, it could trigger steep declines in U.S. stock prices and a sharp increase in interest rates.
Critics point to the soaring deficits as evidence that President Bush's free trade policies are not working and have instead contributed to the loss of 3 million American manufacturing jobs since 2000.
The Bush administration argues that the deficit primarily reflects the fact that the U.S. economy has been growing at a much faster pace than the economies of its major trading partners, pushing up imports while dampening demand for U.S. exports. Treasury Secretary John Snow was expected to use a Saturday meeting of finance officials from the Group of Seven major industrial countries to once again lobby for Europe and Japan to pursue more growth-oriented policies.
The U.S. dollar has been declining for three years, a fact that should help narrow the trade deficit by making imports more expensive to American consumers while making U.S. exports cheaper. However, economists say the dollar needs to fall further to deal with the widening trade deficit, and they are predicting a further increase in the trade gap this year.
The record February deficit of $61.04 billion surpassed the old record of $59.4 billion set last November.
Imports of goods and services rose by 1.6 percent to an all-time high of $161.5 billion.
Demand for foreign petroleum products shot up 10.3 percent to $18.2 billion, the second highest level on record, surpassed only by $19.6 billion in imports of petroleum last November.
The February increase reflected higher prices as crude oil climbed to $36.85 per barrel, compared to $35.25 in January, offsetting a drop in the volume of oil imports. Analysts said America's foreign oil bill is likely to climb even further in months ahead, reflecting further increases in global oil prices.
Exports were up by $50 million to a record $100.48 billion in February, reflecting increases in shipments of drilling and oilfield equipment, civilian aircraft and pharmaceutical products. These gains offset declines in sales of U.S.-made cars and auto parts and food.
The administration, at the urging of U.S. textile and clothing manufacturers, has begun investigations into whether to re-impose quotas on Chinese imports of various products to protect the domestic industry from market disruptions following the removal of global quotas that had restricted shipments to the United States for more than three decades.


text:
Chinese state APT hacking group targets South China Sea energy industry as tensions rise
Baidu unveils world’s first all-platform integration solution for quantum computers
CATL is on its way to revolutionize battery swapping in China
A ‘make in India’ iPhone is coming soon. Here’s what it takes for Apple to divert from China
Semiconductor: China may have discovered a better chip material than silicon — here’s what we know
Ten years later, Alipay is still the most popular digital wallet in the world
Apple in Vietnam: Foxconn invests US$300m more in its northern Vietnam facility
Tencent is paying a hefty price for being a tech giant in China. Does this mark the end of an era?
From made in China to made in Vietnam: Apple is relocating its watch, MacBook production to SEA
Another round of data breach in China, this time involving Shanghai’s Covid app
While the US gathers allies, China silently achieved semiconductor breakthrough
1 August, 2022
TikTok dethrones Google as the new search engine?
2 August, 2022
Chip shortage: The lack of “chips to make chips” is exacerbating the shortage by another 2 years
27 June, 2022

domain: news


text:
It can take weeks to track down the source of a food poisoning outbreak.
Fifty-nine people across the United States and Canada have been hit with a strain of E. coli bacteria over the past seven weeks, and in most cases, it's been traced back to the leafy green.
The strain of E. coli that's sickening people now produces a toxin than can lead to serious illness, kidney failure and death, Consumer Reports said.
Here are the basics on how E. coli outbreaks happen and what symptoms to look for. Five people in the USA have been hospitalized and one has died, according to the Centers for Disease Control and Prevention. Canadian health authorities identified romaine lettuce as the source of the outbreak in their country, and since December 14 have been advising people in the country's eastern provinces to consider eating other types of salad greens until further notice.
City touts record dip in traffic-related pedestrian deaths
But in Brooklyn, the number was up: there were 57 traffic fatalities in 2017, compared with 51, its record low, the year before. The lower speed limit, increased enforcement and safer street designs are all building on each other to keep New Yorkers safe.
For the time being, the CDC also recommends that consumers avoid romaine lettuce altogether. "Individuals in Ontario, Quebec, New Brunswick, Nova Scotia, and Newfoundland and Labrador should consider consuming other types of lettuce, instead of romaine lettuce, until more is known about the outbreak and the cause of contamination".
However, on its website, it said, "We have not identified a source of the infections, thus is unable to recommend whether USA residents should avoid a particular food". State and local public health officials are interviewing sick people to determine what they ate in a week before their illness started. "This investigation is ongoing, and more information will be released as it becomes available".
The "Center for Disease Control" (CDC) is urging people to avoid eating all kinds of romaine lettuce after almost 60 people were infected by E. Coli bacteria in more than a dozen states, including MI.
The food-safety experts at Consumer Reports are advising consumers to avoid romaine all together and any products with romaine in them - such as salad blends and mixes - until the cause is found, identified and removed from store shelves.
USC OC Tee Martin interviewed for Oakland Raiders coaching vacancy
Gruden has a career record of 95-81, and he helped lead the 2002 Tampa Bay Buccaneers to a Super Bowl win. It far exceeded my expectations, as far as what he's done for myself and our whole quarterback room.
E coli bacteria normally live in the intestines of people and animals. People can be exposed to E. coli from contaminated water or food, the Mayo Clinic said.
People in 13 states, including IL and in, have been infected.
This page allows you to send the current page to your friend.
Gwyneth Paltrow, Brad Falchuk open up about engagement
Paltrow and Falchuk have dated publicly for more than two years but were a couple for longer. Prior to Falchuk, "I had two typical types of relationships", Paltrow told People magazine.


text:
There is a number of reports revolving around that tech giant Apple soon launching its first-ever Apple electric car, which will come with advanced features.
As per reports, the tech giant new electric car might arrive with infrared headlights to provide improved visibility.
The Cupertino-based firm is working on infrared headlights to offer improved visibility to the driver by as much as three times compared to conventional headlights.
Moreover, the company also wants to make such types of cars that able to see in total darkness, and by extension, detect obstacles, hazards, and other hurdles on the road.
Its visibility system would use visible light, near-infrared (NIR), and longwave infrared (LWIR) sensors as well to greatly improve visibility in low light scenarios.
Earlier, there are multiple reports coming that American tech giant Apple is making its own cars with the help of production partners Hyundai and KIA, but a few months later Hyundai and KIA confirmed the news that they are now not in a partnership with Apple.
The main reason for the partnership is over the automotive manufacturer’s US-based firms and reports even had a supposed 3.6 billion US Dollar investment in the ‘talks.’ But now, Hyundai and Kia have confirmed that the companies are not in talks with Apple regarding its Apple Car production. Both firms stated that they “have been talking with multiple companies about autonomous electric car development,” but have not made any confirmations so far.


text:
A watch that belonged to Adolf Hitler sells for $1.1 million
CHESAPEAKE CITY, Md. — A Maryland auction house has sold a wristwatch that once belonged to Adolf Hitler for $1.1 million.
Alexander Historical Auctions in Chesapeake City had estimated the value between $2 and $4 million, describing the watch as a "World War II relic of historic proportions."
The auction house's president, Bill Panagopulos, defended the auction and said the buyer is a European Jew.
The watch features the initials AH and a swastika. The auction house said a French soldier seized the watch as spoils of war on May 4, 1945, when his unit became the first Allied force to arrive at Hitler's Berchtesgaden retreat. The Nazi leader died in Berlin on April 30, 1945.
Copyright 2022 NPR. To see more, visit https://www.npr.org.


text:
Beenius, a media system integrator, and developer of a platform for heterogeneous operator environments that supports IPTV, OTT and DVB Hybrid services, has signed a reseller agreement with TVC Communications (TVC)…
IBC 2019, Amsterdam, Sept. 14, 2019 – Sri Lanka Telecom (SLT), has selected a proven partner ecosystem, led by systems integrator Millennium I.T.E.S.P, to deploy its Personalised Entertainment Option (PEO) TV Go, the latest TV Everywhere solution complementing its pioneering IPTV service, SLT PEO TV.
BEENIUS AND THINKANALYTICS TO DEMONSTRATE INTEGRATED RECOMMENDATION DASHBOARD AND ENGINE AT NAB SHOW 2019 Beenius at the NAB Show 2019 on ThinkAnalytics’ stand. With the Beenius Recommendation Dashboard and the ThinkAnalytics Recommendation Engine operators make it easy for subscribers to discover and consume TV content.
According to Mr. Simon Struna, Programmatic ecosystem specialist, iPROM, advertisers are facing increasingly digital future in which they will try to capture valuable seconds of consumers’ attention; primarily through technology. Digital advertising is becoming programmatic and thus more interconnected, programmatic advertising has steadily grown over the last decade. Total spending on online advertising has […]


text:
Cloud Technologies has adopted a development strategy for 2023-2025, the company announced. Within three years, it intends to invest up to PLN 100 million in further development and continue to increase its share in the global market. The company wants to grow primarily organically, increasing data sales, but also plans new acquisitions and investments. It also announces recommending a dividend of approx. 20% of adjusted EBITDA.
“We have successfully achieved the goals of the strategy for 2021-2023. We are growing faster than the market, we have achieved the position of one of the leading providers on the global data market and we successfully compete with the largest companies in the world. The new strategy, which is an evolution of our proven business development model, will allow us to take advantage of our competitive advantages to an even greater extent. These include technology and data, which are increasingly fueling AI systems,” said Cloud Technologies CEO Piotr Prajsnar, quoted in the release.
The strategic goal of Cloud Technologies in the 2023-2025 perspective is further dynamic development of data sales in current and new areas with high growth potential. By acquiring new channels and optimizing the current ones, the company intends to increase revenues on the online advertising market, which, according to Insider Intelligence, will grow at a double-digit rate by 2025, reaching USD 735 billion. The artificial intelligence market, to which the company is already providing data, will also be an intensively developed area with great development potential. This market is expected to grow at an average annual rate of over 38% by 2030.
As part of the new investment plan, whose budget for 2023-2025 is PLN 100 million, Cloud Technologies plans to allocate up to PLN 60 million for acquisitions and investments. Acquisitions will concern entities with a proven ability to generate revenues that will contribute to increasing the growth dynamics of sales of high-quality data. The investments planned by the company will concern companies at an early stage of development, which, thanks to data and Cloud Technologies technology, will contribute to an increase in data consumption in new areas of application, which will enable further dynamic development of the company also in the long term.
“Cloud Technologies plans to spend up to PLN 10 million on research and development. They are aimed at increasing the efficiency of data processing and are used to explore new application areas for data, such as tools based on artificial intelligence algorithms.
In the presented strategy, the Management Board also presented a proposal to introduce a dividend policy, recommending a dividend payment of approximately 20% of the adjusted EBITDA result.
“We are a company with high growth potential, whose data is effectively used in two dynamically developing markets, i.e. in online advertising and among AI tools. Therefore, we want to reinvest 80% of the adjusted EBITDA result in order to increase the scale of operations and market share. At the same time, taking advantage of the very good financial situation and appreciating the trust of our shareholders, we intend to recommend a regular dividend payment of approximately 20% of the adjusted EBITDA result. In addition, due to the surplus of funds from the share buyback under the previous strategy, we recommend the payment of a dividend of PLN 4.6 million already for 2022,” added Piotr Soleniec, member of the management board and CFO of the Cloud Technologies Group.
In connection with its ambitious plans, the company also plans to continue buying shares for the purposes of the incentive program in the 2023-2025 horizon, aimed at retaining the key management staff in the company. Cloud Technologies intends to buy up to 250,000 shares, and for this purpose it wants to allocate a total of up to PLN 30 million for this purpose in two tranches. The acquisition of shares by the managerial staff will be possible if KPIs amount to 110 million EBITDA in total for the years 2023-2025, net of the costs of the incentive scheme.
Cloud Technologies is a Warsaw-based company from the new technologies segment. He deals with big data, marketing and data monetization. Cloud Technologies has created one of the world’s largest data warehouses and Big Data Platform (DMP) – OnAudience.com. The company has been listed on the NewConnect market since 2012, and in December 2022 it moved to the main market of the Warsaw Stock Exchange.


text:
Spanish fishermen in the Strait of Gibraltar have kept alive a 3,000-year-old netting tradition that brings in tuna so tasty, buyers come for it all the way from Japan.
Silence falls as the fishermen on board their orange and blue boats stop calling out to each other and switch their engines off, to examine the surface of the water.
Four divers jump in. Their mission is to alert the boat crews when the 200kg bluefin tuna swim into the nets.
The fishermen wait to trap their prey in an “almadraba,” a system of nets stretched across the water off a beach in Zahara de los Atunes, on the southern tip of Spain.
The tiny resort is named after the tuna that have been caught here in this stretch of water since the Phoenicians ruled the Mediterranean from about 1200 BC.
The tradition survives, despite the threat from overfishing by industrial trawlers.
Each year, bluefin tuna swim through the strait from the bitter cold of the Atlantic Ocean into the warmer Mediterranean to lay their eggs.
Fishermen lay the almadraba to create a submarine system of chambers that trap the biggest of the migrant fish.
At last a diver pulls at the rope and cries out: “Haul it up!”
With pulleys they draw the tight mesh up to the surface of the waves, the silver-red scales of dozens of giant tuna fish glittering in the sunshine.
Several men jump into the nets and kill the fish with knives, turning the blue waves red.
“We bleed the tuna to stop them suffering and to get the best quality possible,” Rafael Marquez, a 45-year-old almadraba fisherman, said.
If the fish feel fear, he says: “They give off a substance that spoils the flesh.”
This fish bloodbath has prompted shock and criticism, but the Almadraba Producers’ and Fishermen’s Organization insists the tradition respects the environment.
“We were the ones who raised the alarm, along with the environmentalists” in the early 2000s about the harm done to tuna stocks by mass trawling, said Marta Crespo, the organization’s deputy leader. “If the fishing were done only using almadraba, there would as much tuna in the sea as sand on the beach.”
The Spanish biologists’ and naturalists’ association Hombre y Territorio says that it considers the almadraba a form of “sustainable fishing.”
“Its 3,000-year history shows that the almadraba is sustainable,” Crespo said. “It is the most ancient fishing art in the West.”
An international plan launched in 2006 has saved the bluefin tuna from overfishing for the time being and stocks have recovered, she said.
That led countries to raise quotas for fishing in the Mediterranean and Atlantic this year for the first time since 2007, to about 16,000 tonnes — of which 700 tonnes are for the almadrabas.
At the Frialba factory on the waterfront in Barbate, a dozen employees await, armed with hooks and knives as the boats come back with 60 tonnes of tuna on board.
With swift strokes they slice off a tuna’s head and tail and part it into four huge fillets of deep red, for storing at minus-60oC.
Japanese buyers run from one fish to another, choosing the fillets they want to send back home.
Bluefin tuna from the almadrabas is “number one in the world for quality,” says Hori Mi-Zu Yosuke, director of the Japanese tuna company Sirius Ocean.
In the 1980s more than 90 percent of the tuna caught by the three fishing companies in the organization was sold in Japan, but now young local companies are selling a bigger share — about 30 percent of the catch — in Spain itself.
“Tuna is everything to us, to this area. It creates lots of jobs,” said Andres Jordan, head of one such company, Gadira. “It is the cream of the ocean.”
The wholesale price is about 12 to 14 euros (US$13 to US$15.30) a kilogram, but the retail customer will pay up to 45 euros per kilo for the prized tuna belly.
When salted and dried, it retails for up to 100 euros a kilogram.
Slicing in the Frialbad factory gives Jesus Cota, 38, an appetite. After work he orders a serving, straight up in the Japanese style.
“I love fresh raw tuna,” he says. “It is red gold.”
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,
‘SWARM TECH’: Joint venture FARobot is to develop autonomous mobile robots that would first be deployed in Hon Hai’s factories to optimize production efficiency Hon Hai Precision Industry Co (鴻海精密) and Adlink Technology Inc (凌華科技) have formed a robotic venture that aims to use “swarm technology” to create robots that can communicate with one another on the factory floor to optimize production efficiency. Hon Hai is Apple Inc’s leading iPhone assembler and the world’s largest contract electronics maker, while Adlink supplies industrial computers and Internet of Things solutions. Through a subsidiary, Hyield Venture Capital Co (鴻揚創投), Hon Hai holds a 51 percent stake in autonomous mobile robot (AMR) developer FARobot (法博智能移動), while Adlink owns the remaining 49 percent. Together, the two companies put up NT$200


text: E3 2019 will be kicking off on June 7th and there’s bound to be plenty of nice surprises and various leaks as there is each year. However, this E3 will be slightly different as EA is the latest firm to announce that they will not be holding a press conference at this event this year. That means that three of the big companies won’t be holding a press conference at the event this year and EA will now be joining both Nintendo and Sony. EA will have its annual EA Play fanfest which will be held and streamed at the Hollywood Palladium from the 8th-9th of June. Still, it should hopefully be a good E3.


text:
GPAINNOVA, the global leading company in dry electropolishing technology and specializing in marine robotics, medical devices and high performance power electronics, has recently acquired its first SensoFar machine.
GPAINNOVA America, GPAINNOVA’s subsidiary in Sunrise, Florida, continues its expansion to introduce the dry electropolishing DLyte technology in the North American surface finishing market.
GPAINNOVA, the global leading company in dry electropolishing technology and specializing in marine robotics, high-performance electronics and medical equipment, is the 7th fastest-growing organization in the European industrial goods sector and the 1st one in Spain in this field, according to the FT 1000 Europe’s Fastest Growing Companies 2021.
GPAINNOVA America, the GPAINNOVA’s subsidiary based in Sunrise, Florida, has just reached an agreement with Best Technology Inc., a leading company in providing equipment in the surface finishing industry.
GPAINNOVA, the global leading company in dry-electropolishing solutions for metals, medical devices and aquatic drones, has just reached a distribution agreement with CADdent, one of the main German companies specialized in solutions for the dental industry.
Probably, none of us will forget 2020. The year in which the biggest pandemic in the last century shook the global economy.
The Basque company MADIT has acquired its first DLyte 100I, the Dry Electropolishing equipment that uses the disruptive DryLyte Technology
GPAINNOVA, the global leader company in dry electropolishing solutions for metals, medical devices and aquatic drones, bought POWER INNOTECH, a company focused on the development of innovative technologies within the power electronics field to improve energy efficiency in industrial systems and processes.
GPAINNOVA, the global leading company in dry electropolishing solutions for metals, medical devices and aquatic drones, installed the new DLytePRO500 at the test lab of its partner SwissSurface.ch SA, a Groupe Recomatic company, based in Courtedoux (Switzerland).
NOVEMBER, 10-12 We are very sad that this year we cannot meet all you personally at FORMNEXT, the leading Additive Manufacturing Event worldwide, where we used to present all novelties of our DLyte Technology since 2017.
Best in Class repeatability, performance and capacity with the latest technology. Designed for mass production, the new DLyte PRO500 provides high quality metal surface finishing better, faster, and more efficiently than state-of-art solutions.


text:
the Sonic the hedgehog The YouTube channel has just broadcast its first episode of season 5 of “Sonic Official”.
Fans, of course, were eager to know when they knew more about the recently announced new game bundle and also if there would be another Sonic Central in the future.
According to Katie Chrzanowski, Associate Influencer Manager of Sega of America, there “may be” some Sound colors: ultimate news shown at this year’s E3, and Sonic fans are recommended to tune in. The new streaming format could also return, but nothing is planned at this time. Here it is in full, courtesy of Tails chain:
Chrzanowski also mentioned how Sega would share more about Sound origins and the new Sonic Team title in the future. E3 2021 officially kicks off on June 12. Would you like to learn more about Sonic Colors: Ultimate? Tell us below.


text:
- PERSHING ON TARGET: Activist hedge fund firm Pershing Square Capital Management has purchased an additional stake in Target Corp., bringing its current ownership of the discount retailer to 9.97 percent, up from 9.6 percent, on an aggregate basis, according to a U.S. Securities and Exchange Commission filing on Dec. 21. Shares of Target have been heavily traded in the past six months following disclosure that Pershing Square's investing in the chain could get the retailer to sell its profitable credit card business, which generates $6.5 billion and contributed $143 million to Target's first-quarter earnings of $651 million. In July, Pershing Square took a 9.6 percent stake in the nation's number-two discounter and indicated in a regulatory filing that it intended to start talks with Target's management about increasing shareholder value. It since has met with Target management.
Meanwhile, in other Target news, Deborah Weinswig, Citigroup equity analyst, said in her monthly credit review of the company that charge-offs for the retailer accelerated on a year-over-year basis and month-to-month. From October to November, Target's charge-offs rose to 7.05 percent versus 6.42 percent. On a year-over-year basis, the analyst said charge-offs gained 83 basis points. "We had already raised our bad debt provision estimate for Target in anticipation of our expectation for deterioration in the credit metrics,'' Weinswig said in her note. "Interestingly, November receivables growth remained healthy and delinquencies were virtually flat year-over-year versus last month.'' Weinswig said receivables growth continued to be strong, "as the company focuses on building relationships with new and existing customers and targeted marketing for credit card customers.'' Weinswig added that she remains "very watchful of the trends in charge-offs.'' Charge-offs are the threshold when a creditor deems the debt as bad.
- CAVANAGH'S CANOPY: Barbara Cavanagh has been named chief executive officer of Under the Canopy, a Boca Raton, Fla.-based manufacturer of organic and sustainable fashions for women and home. She replaces Michael Albala, who retired in January. In her new post, Cavanagh oversees all aspects of the brand, from design and global sourcing to maintaining strict organic and sustainable manufacturing standards, marketing and strategic alliances. Cavanagh joins the company from The Doneger Group, where she was senior vice president of consulting. Cavanagh is based in the Boca Raton headquarters and the brand's New York office. She reports to Mark Retzloff, chairman of Under the Canopy.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)


text:
The Mario Movie was announced by Nintendo in 2015. The release date is currently set for 2019.
Checkout this video:
Early days: when was the Mario movie first announced?
One of the earliest examples of the Mario movie in development hell comes from 1992, when Nintendo was shopping a script around Hollywood. According to The Wall Street Journal, a then-unnamed studio had optioned the rights to a live-action Mario movie with an eye towards making a feature-length film. The project never came to fruition, but it’s easy to see how the idea could have caught on in Tinseltown. After all, by the early ’90s, Nintendo was riding high on the success of the Super NES and had successfully transitioned from being seen as a “toy company” to a full-fledged entertainment powerhouse.
The announcement: what was said about the Mario movie?
Nintendo and Illumination Entertainment, who are behind the Despicable Me franchise, confirmed that they are working on aSuper Mario Bros. movie. It will be a live-action/animated film, with Illumination founder and CEO Chris Meledandri set to produce.
The news came as part of Nintendo’s financial results briefing for the fiscal year ended March 31, 2016. In it, Nintendo revealed plans to “expand the content business” by partnering with other companies in order to produce movies and TV shows based on its IP.
This isn’t the first time Nintendo has dipped its toes in Hollywood; the company partnered with Universal Studios Japan to open a Super Nintendo World theme park earlier this year. It also worked with Rare on an animated Donkey Kong Country TV show in the ‘90s, and had a live-action Super Mario Bros. movie in 1993 that was… not great.
The team: who is making the Mario movie?
The team: who is making the Mario movie?
The legendary game character Mario is getting his own feature film, and it’s being helmed by some heavy hitters. The film will be a mix of live action and animation, and is being directed by the Oscar-winning pair behind Minions, Pierre Coffin and Kyle Balda. The script is being written by Game of Thrones scribe Michael Crichton.
The story: what is the Mario movie about?
The story of the Mario movie has been a bit of a mystery ever since it was first announced in early 2018. We know that it will be a live-action/animated hybrid, and that Super Mario Bros. creator Shigeru Miyamoto is on board as a producer. Beyond that, however, plot details have been hard to come by.
We do know that the film will be loosely based on the video game series, and will follow Mario and Luigi as they attempt to rescue Princess Peach from the evil Bowser. The script is reportedly being worked on by co-writers Katie McGrath and Josh Cagan, who also wrote the screenplay for 2016’s The Lego Batman Movie. It’s not clear how closely the film will stick to the games’ plot, but we imagine there will be plenty of nods to fan-favorite characters and moments for long-time fans to enjoy.
As for who will be bringing these iconic characters to life, that has yet to be revealed. However, we do know that the film will be directed by animation veteran Rob Letterman ( Monsters vs Aliens, Shark Tale). He’ll be working from a script penned by Parker Bennett, Jon Vitti, and Karey Kirkpatrick – so expect some serious laughs alongside all of that action.
The look: how will the Mario movie look?
It has been nearly two years since Nintendo and Illumination Entertainment announced that they were teaming up to make an animated movie starring Mario, and in that time, we’ve seen very little in the way of actual information about the film. We know it will be produced by Shigeru Miyamoto and Chris Meledandri, and that it will be written by the team behind The Lego Movie, but other than that, details have been scant.
That all changed today with the release of the first official image from the movie, which gives us our first look at how Mario, Luigi, Toad, and Princess Peach will look in the upcoming film. The image was released by Illumination founder and CEO Chris Meledandri on Twitter.
The release date: when will the Mario movie be released?
The Mario movie was announced in early 2018, with a release date set for 2019. However, due to production delays, the release date was pushed back to 2020. It is currently set for a release in May of 2020.
The anticipation: why are people so excited for the Mario movie?
The announcement of a new Mario movie by Illumination Entertainment has sent the internet into a frenzy. The upcoming film, which is set to be released in 2022, will be the first big-screen adaptation of the popular video game franchise.
While there have been previous attempts to bring Mario to the silver screen, this will be the first time that the iconic plumber will be brought to life by a major Hollywood studio. Given the success of Illumination’s previous films, such as “Minions” and “Despicable Me,” it’s no surprise that fans are eagerly anticipating the release of the upcoming movie.
With such a beloved franchise being adapted for the big screen, it’s no wonder that people are so excited for the upcoming film. Here’s hoping that the final product will be able to live up to all the hype!
The concerns: what concerns do people have about the Mario movie?
Since its announcement, the upcoming Mario movie has been the source of much scrutiny and concern. Some are worried that the film will not be able to live up to the hype, while others are concerned about its potential to tarnish the legacy of the beloved video game franchise. Here are some of the top concerns people have about the upcoming Mario movie:
The hope: what people hope to see from the Mario movie?
Will the movie be a return to the beloved 2D platforming roots? A 3D extravaganza in the vein of Super Mario Odyssey? Or something completely different?
The expectations: what people expect from the Mario movie?
The news of a Mario movie first broke in February of 2015, when it was announced that Illumination Entertainment – the studio behind Despicable Me, Minions, and Secret Life of Pets – was working on an animated feature film based on the popular video game franchise.
At the time, not much was known about the project other than that Shigeru Miyamoto – the creator of Mario and one of the most revered figures in video game history – would be serving as a producer. This immediately got fans excited, as it suggested that Nintendo was finally willing to give one of its most valuable properties the big-budget Hollywood treatment it deserved.
Since then, very little has been said about the movie. We don’t know what its plot will be or who will be providing the voice for Mario (or any of the other characters, for that matter). The only thing we really have to go on at this point is a brief teaser trailer that was released in November of 2017.
While it’s admittedly a little too early to say for sure, there’s reason to believe that the Mario movie could turn out to be a great addition to the long-running video game franchise. Here are a few things we’re hoping to see when it eventually hits theaters.


text:
This weekend, Portland Gear is bringing back its popular warehouse sale at the downtown location.
It all started with the @portland Instagram page and has grown into an apparel brand lets you show off your Portland pride everywhere you go. Since 2014, Portland Gear has made one-of-a-kind apparel that celebrates our community with trademark styles sporting the company’s “P” design and special collaborations.
The annual warehouse sale is a great chance for you to buy this Portland brand for cheap. The event is back for the first time in 3 years. On top of that, the company rarely has sale items. Here are all the details
Portland Gear’s Warehouse Sale
Portland Gear’s Warehouse Sale is 10 a.m. to 3 p.m. on Saturday, February 19 and Sunday, February 20, while supplies last.
The sale includes past products, new styles, winter gear, samples, unreleased products, leftovers from collections and more.
Here’s a breakdown of the deals you’ll find:
- Tees, hats and long sleeves for $12
- Sweatshirts and fleeces for $35
- Accessories ranging in price from $1 to $5
This is a savings of about 50% on these sale items.
The event is taking place at the downtown store, 627 SW 19th Ave. in Portland. For more information, visit Portland Gear’s website.
You may also like:


text:
Peloton stock tumbled Wednesday ahead of earnings Thursday after the high-end exercise equipment maker announced a voluntary recall of its treadmills.
In April, the Consumer Product Safety Commission said users with small children or pets should stop using the company’s treadmill following the death of a child.
But on Wednesday Peloton issued a voluntary recall of all its Tread and Tread treadmill machines warning customers to stop using the equipment and to contact the company for a refund.
“I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread . We should have engaged more productively with them from the outset. For that, I apologize,” Peloton CEO John Foley said in a CPSC release.
Peloton Stock, Earnings
The treadmill recall announcement came ahead of Peloton’s first-quarter earnings report late Thursday.
Estimates: A loss of 11 cents per share vs. a loss of 20 cents per share in the year-ago quarter.
Results: Check back Thursday after the close.
Peloton stock was hot during the coronavirus pandemic as gyms were forced to close.
But even as gyms reopen across the U.S. as vaccination efforts increase, Peloton hasn’t seen a slowdown in demand for its products bike or treadmill products.
Follow Gillian Rich on Twitter for investing news and more.
YOU MAY ALSO LIKE:


text:
...Lululemon Athletica Inc forecast holiday quarter profit largely below analysts’ expectations on Wednesday, as the athleisure pioneer invests heavily to launch new products to fend off intensifying competition.
...Canadian athleisure apparel maker Lululemon Athletica Inc announced on Monday the departure of chief operating officer and EVP, international, Stuart Haselden.Lululemon chief operating officer Stuart Haselden depar...
Piper Jaffray has released the results of its 'Taking Stock With Teens' study, showing that Gen-Z spending has decreased 4 percent year-over-year with cosmetics spending for females hitting a 2019-survey low.
The global sourcing show for intimates, swimwear and athleisure is coming to the Javits Center for a two-day workshop from October 16 through 17, featuring an itinerary dedicated to sustainability and tech innovations.
The Canadian sportswear brand plans to quadruple international sales by 2024, a goal that Gareth Pope, Lululemon's EMEA boss, is taking on board for the region he oversees, adopting a methodically patient approach.


text:
The Tricity ports have already made a major contribution to the boom in e-commerce and the warehouse market in Poland. In 2019, the Port of Gdynia handled 24 million tonnes of goods, while the Port of Gdańsk handled a record 52 million tonnes, one of the largest volumes of any Baltic port. Thanks to this, the economy and the warehouse market have been going from strength-to-strength in Pomerania, which, as the sixth-largest warehousing region in the country, could soon exceed 1 million sqm of modern warehouse space.
“The Tricity is gradually becoming the leader of all the markets outside the ‘Big Five’. Our first park in Gdańsk had 46,000 sqm of space. This year, the volume of Panattoni’s space in this region will grow to 500,000 sqm. The economic growth of Pomerania – and of the entire country – is being accelerated thanks to the expansion of the Tricity ports and the improvements to the road and rail infrastructure along the Baltic–Adriatic transport corridor. All this, as well as the planned central port in the Bay of Gdańsk, means that the Tricity ports are set to break new transhipment records over the next few years, which will be followed by a growing demand for warehouse space,” says Martyna Sochaczewska, a Senior Leasing Manager of Panattoni.
Globalway (part of the Costway group) is one of the largest suppliers of products from the Far East and China, operating in more than 150 countries. Its strategic partners include the likes of Walmart, Amazon, eBay, Wish and Home Depot. When the company started its activities in Poland, its first partner was Panattoni, from which the company leased 3,500 sqm in the developer’s first Gdańsk project – Panattoni Park Gdańsk I. Over time, it has gradually expanded its premises and has now decided to lease 52,000 sqm at Panattoni Park Tricity East IV. This was originally to be a three-building complex, but now the plans have been modified so that just one facility is to be built – exclusively for Globalway.
The development of this latest distribution centre, which will serve both Poland and Europe, has been made possible thanks to the close cooperation between Panattoni and the Polish Investment and Trade Agency (PAIH). By joining forces, a wide range of investment incentives have been made available for Globalway in the form of tax breaks and government support for setting up operations. The project has been granted Polish Investment Zone status, based on a decision supporting this by the Pomeranian Special Economic Zone Sp z o.o.
Construction work on the warehouse and distribution centre for Globalway will start in the third quarter of the year. The facility is to be BREEAM certified at the ‘Very Good’ level. In line with the latest standards implemented by Panattoni, the warehouse will be given glass and aluminium façades in the office section, a new colour scheme and additional greenery.


text:
(Adds revenue forecast, shares, background)
Oct 11 (Reuters) - Top U.S. airlines on Tuesday forecast better profit margins and revenue than expected for the third quarter, as their cuts to seat supply propped up prices and as the timing of Jewish holidays boosted September travel.
American Airlines Group Inc, the world’s largest airline, said it expects an adjusted pre-tax margin between 13 percent and 15 percent, compared to prior guidance of up to 14 percent. No.3 United Continental Holdings Inc forecast a margin as high as 16 percent, from prior guidance of up to 15.5 percent.
Part of the boost is from the timing of two holidays - Rosh Hashanah and Yom Kippur - when many Jews do not travel. This year is just the fourth time since 1943 that both holidays occur in October, whereas 71 percent of the time they have taken place in September, JPMorgan analyst Jamie Baker said in a recent research note. That means the dip in travel spending that usually occurs during the holidays is shifted to the fourth quarter this year.
The forecasts also suggest that moves by the airlines to offer fewer seats on certain routes is paying off.
For months, major U.S. airlines have sold discounted tickets so they do not lose customers to rapidly growing budget carriers. Now that the peak summer travel period has ended, big airlines are slowing their own growth with the hope that prices will rise and customer loyalty will remain intact.
On Tuesday, American said it expects its flight capacity has increased only 1.5 percent in 2016 over a year ago, compared with prior plans that it would rise 2 percent. The airline also said it expects unit revenue, which compares sales to capacity, declined between 2 percent and 3 percent in the third quarter versus its prior forecast of a drop of up to 5 percent.
United similarly offered rosier guidance for passenger unit revenue because travelers spent more on last-minute trips than expected, “driven by the timing of certain holidays.”
Shares of American and United rose 2 percent and stayed flat in morning trade, respectively. (Reporting by Jeffrey Dastin in New York; Editing by Paul Simao and Bill Trott)


text:
Plans & Pricing
Does My Company Subscribe?
Depending on who you ask, digital 2016 was the year of hacks, Snapchat, fake news, WeChat, podcasts or programmatic ad buying.
But it would be just as fair to refer to characterize 2016 as the year of video—whether digital, TV or some mix of the two.
In the latest episode of “Behind the Numbers,” senior analyst Paul Verna and contributing analyst Gerard Broussard take a look at how the marketplace evolved in 2016 and what’s at stake in 2017.
Video figured in many of the year’s key stories, even if it was not always the cover story itself.
Digital video ad spending figures to be the fastest growing format in 2017. eMarketer estimates that US video ad spending will grow almost 21.8% in 2017, far outpacing overall digital ad spending growth. Meanwhile, as time spent with TV inches down, the minutes spent with video across devices continues at more than five hours per day—“peak TV” has given consumers more choice, across more channels and devices.
Verna and Broussard recap election and Olympic spending, for both digital and TV, and consider the outlook for 2017, which inevitably will force tough year-over-year comparisons with no quadrennial special events to bolster spending.
Also up for discussion: The unexpectedly healthy upfront market in 2016 and the early indicators for the market in 2017, the evolving role of the newfronts, the debate over ad avoidance and metrics, trends in cord-cutting, cord-shaving and re-bundling.
You've never experienced research like this.
Nearly all Fortune 500 companies rely on us.
Inquire about corporate subscriptions today.


text:
Implementation of GST from July 1 had a considerable effect on the auto industry in the country. this time around, Honda Cars India Ltd (HCIL) President and CEO Yoichiro Ueno has said that the move to hike ceiling of cess on large cars and SUVs to 25 per cent under the new GST regime would impact growth of advanced global models in India and could come in the way of the country becoming global hub for automobile production.
Although the company has welcomed the governments tax reform achieved through GST implementation, Yoichiro Ueno said, “The latest government move to increase the ceiling on the additional cess on automobiles from 15 per cent to 25 per cent on larger cars and SUVs, is a big disappointment.” He believes that the move will be bias towards small cars.
Currently, large cars and SUVs attract top GST rate of 28 per cent with a cess of 15 per cent. However, earlier this month the GST Council approved a proposal to hike cess on them to 25 per cent. Adding further Uno said, “If vehicles produced in India are very different from global trend, it will also impact the development of the Indian automobile industry. It makes export of both CBU vehicles and auto components more difficult and poses hurdles to India in the way of becoming global hub for automobile production.”
More details on the cess hike and its implications will be known in the days to come.


text:
WASHINGTON (WTNH) – Connecticut delegates are calling for a statewide ban of openly carrying firearms in food stores.
Senators Richard Blumenthal, Chris Murphy and Representative Elizabeth Esty of Connecticut are calling on the Connecticut Food Association (CFA) to implement a new policy that would ban individuals from openly carrying firearms in CFA member stores. In a letter to CFA President Wayne Pesce, the delegation emphasized the importance of prioritizing employee and customer safety and has also mentioned other stores, like Target, Starbucks and Chili’s that have already implemented similar measures.
“There is simply no reason someone would need to bring their gun with them in order to purchase milk, bread, or other necessities at a grocery store. Customers should feel safe while shopping, and employees should not be fearful while doing their jobs,” wrote Blumenthal, Murphy, and Esty.
Connecticut law currently allows anyone with a permit to openly carry a handgun, but private businesses can prohibit open carry in their stores.


text:
Goody's Holding 'Going-Out-of-Business' Sale
Goody's Family Clothing Inc., a retailer of moderately priced family apparel, is in the midst of its "Going-Out-of-Business" sales event.
Consumers will find "unprecedented savings on a broad selection of quality merchandise" in all 282 stores across 20 states, principally in the Southeast and Midwest, a news release said. The local store is in Pinecrest Plaza at Morganton Road and U.S. 15-501 in Southern Pines
Despite emerging from bankruptcy protection this past October, the continuation of the downturn in consumer spending along with the tightening of credit sources have left Goody's with no alternative but to cease operations, marking the end of the 55-year-old family business, the company said.
"In spite of our best efforts to turn around the company, in the end, the current retail environment proved to be too challenging," said Paul White, CEO of Goody's Family Clothing Inc. "I'd like to thank all of our employees for their hard work and dedication, and especially all of our customers for the support they have given us over the years."
White added that Goody's has always been about finding great brands at great values in convenient locations and that he hoped each and every customer would take advantage of the incredible values to be found on all merchandise in all stores during the "Going-Out-of-Business" sale.
Goody's has lowered prices on its entire inventory. Savings start at 40 percent off regular prices on such well-known national brands as Adidas, Levi's, Dockers, Chaps, Reebok, Lee and Alfred Dunner. The company also carries private brand collections that include Ivy Crew, Mountain Lake, Duck Head Jeans Co., and Kid Crew, as well as exclusive fashion brands, such as Ashley Judd.
Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors, and Hilco Merchant Resources, which provides a full suite of strategic services for retailers, are running the Going-Out-of-Business sale on Goody's behalf.
Founded in 1953, privately-held Goody's Family Clothing, Inc. is a retailer of moderately priced family apparel operating in small to mid-size markets primarily throughout the Southeastern United States.
More like this story


text:
Salford Rum Co plans Manchester distilleryBy Nicola Carruthers
UK-based The Salford Rum Company will open its first distillery and bar in Manchester in early 2022.
The Greater Manchester-based spirits producer will open The Dirty Old Town Distillery in Arch 22 on Viaduct Street, Salford.
Named after The Pogues’ song Dirty Old Town, the site will comprise of a distillery, bar and rum garden.
School friends Tommy Gaughan and James Harrison founded Salford Rum in 2018 with the aim of making a local premium rum that would rival luxury gins on the market.
Gaughan said: “The support we’ve had locally for Salford Rum is nothing short of incredible. When looking for somewhere to take the brand to the next level, it was always going to be in Salford, and always going to be a place whereby our supporters can come and feel like they’re part of the Salford family.”
Work to transform the facility into a distillery and bar will start immediately, followed by the launch of a rum garden on the site.
The site will also become a brand home for The Salford Rum Company and will offer its space to local artists.
The venue will house a copper still which will be used to create existing Salford Rums and allow the founders to experiment with small batch releases.
Harrison added: “It’s been quite a ride and our first step into hospitality feels surreal. It’s time for us to grow once again, and for the brand to have somewhere to develop. We’ve got so many ideas and can’t wait to see the distillery space, bar and rum garden come to life over the next couple of months.”
The Salford Rum range consists of two products – a spiced rum and a dark spiced rum. The company said its Honey Rum sold out in seconds when it launched online earlier this year.
Salford Spiced Rum celebrates the history, heritage and people of the Salford Docks in Greater Manchester during the late 1800s and early 1900s. The rum’s flavour is inspired by Caribbean rums, fruits and spices.
The firm gained its first UK distribution deal with Ten Locks this year, which saw it secure listings in Co-op and Morrisons stores nationally.


text:
Gaming Industry Concerns Lead to Government's Decision to Review 28% Tax Levy
Introduction to GST Bill Amendments
The Goods and Services Tax (GST) has been a cornerstone of India's tax reform since its introduction in 2017, unifying various indirect taxes and streamlining the country's complex taxation structure. The GST framework was designed to simplify compliance, reduce tax evasion, and promote a unified economic market across states. However, the effectiveness of this system has been under continuous scrutiny, leading to periodic revisions and amendments to fine-tune its impact on businesses, consumers, and the economy at large.
The latest amendment to the GST bill, introduced as a part of the ongoing efforts to optimize the tax regime, has ignited discussions across industries. This amendment addresses key issues within the existing framework, aiming to plug gaps, enhance compliance, and align with the evolving dynamics of the Indian economy. Among the various changes proposed, the focus has been on recalibrating tax rates and addressing taxation anomalies.
Tax Levy on Betting and Online Gaming
One of the prominent aspects of this amendment that has generated substantial attention is the 28% tax levy on online gaming and betting. This decision, while designed to simplify tax rates and create uniformity, has brought its own set of complexities and conundrums. The imposition of a high tax rate on these activities, often considered recreational, has raised concerns within the gaming and gambling industry, as well as among policymakers and economists.
The online gaming and betting industry has witnessed remarkable growth in recent years, driven by increased internet penetration, smartphone usage, and the accessibility of digital platforms. With millions of users participating in various online gaming activities, the industry's economic significance cannot be ignored. However, the introduction of a 28% tax has sparked debates over its potential implications on the industry's dynamics and its alignment with the government's broader objectives.
On one hand, the 28% tax can be seen as a revenue-generating measure for the government, particularly at a time when fiscal consolidation and resource mobilization are critical. The tax is expected to contribute significantly to the government's coffers, given the burgeoning popularity of online gaming and betting platforms. Additionally, the tax can be viewed as a measure to curb excessive gaming and gambling activities, which may have social and economic repercussions.
The Impact of amendment on the Indian Gaming Industry
However, on the other hand, the gaming and gambling industry might respond with concerns over the increased tax burden, potentially impacting operations and investments. The higher tax rate could lead to increased costs for consumers, potentially affecting their willingness to engage in gaming activities. The uniform tax rate could face hurdles during implementation across different states, where tax structures and policies might still differ.
The conundrum lies in finding the right balance between revenue generation, regulatory control, and industry growth. The online gaming and betting sector has shown tremendous potential to contribute to economic activity, create jobs, and foster technological innovation. Striking the right balance through taxation becomes crucial to ensure the industry's sustainable development while safeguarding consumer interests.
The 28% tax levy also underscores the evolving landscape of taxation in the digital era. Online platforms have transformed the way business is conducted, and taxation has had to adapt to these changes. The introduction of this tax raises broader questions about how digital transactions are assessed and taxed, not just in the context of gaming and betting but across various sectors. As technology continues to reshape consumer behavior and economic activities, tax policies will need to evolve in tandem.
Concerns lead to Government's Decision to review tax levy
The introduction of the 28% tax on online gaming and betting serves as a reminder that the GST framework, while laudable in its goals, is an ongoing project that requires continuous evaluation and adjustment. The government's responsiveness to industry concerns and its willingness to review and revise tax rates within a short span of time demonstrate its commitment to striking the right balance between revenue generation, regulatory control, and industry growth.
The GST Council's decision to review the 28% tax levy in six months is a proactive step toward addressing concerns and evaluating the tax's impact. This review period allows for a comprehensive assessment of the industry's response, consumer behavior, and the economic repercussions of the tax. It provides an opportunity to make informed decisions based on real-world data, ensuring that the tax structure aligns with the industry's growth trajectory and the broader economic goals of the country.
The recent GST amendments reflect the government's endeavor to create a taxation framework that is responsive to the evolving needs of the economy and adaptable to technological advancements. The introduction of the 28% tax on online gaming and betting is a noteworthy move that has implications not just for the gaming industry but also for the broader discourse on digital taxation.
The GST Council's decision to review the tax within six months showcases a willingness to learn from experience and make necessary adjustments. As the digital economy continues to expand, finding the right balance between taxation, industry growth, and consumer welfare remains a complex challenge that requires collaborative efforts and innovative solutions.


text:
"It's been easy for competitors to promote negative stories about BlackBerry, focusing on the business of the past," Chen wrote. "But I'm not focused on who BlackBerry used to be — I'm focused on what BlackBerry will be today and in the future."
The interim CEO, who also serves as the chairman, says BlackBerry will return to profitability by 2016. "In less than two months, my team and I have engineered a new strategy to stabilise the company, return to our core strength in enterprise and security and maximise efficiencies," Chen said.
Earlier this month, BlackBerry signed a five-year deal with Foxconn to design and manufacturer smartphones. While BlackBerry will focus on smartphones for consumers, its business end of the company is its most important aspect. Chen said the company had been reorganised into four categories to address this - Enterprise Services, Messaging, QNX Embedded business and the Devices business.
"When it comes to enterprise, we're still the leader. Don't be fooled by the competition's rhetoric claiming to be more secure or having more experience than BlackBerry," Chen wrote. "Many in the regulated industries — those with the most stringent security needs — still depend solely on BlackBerry to secure their mobile infrastructure. For governments, BlackBerry cannot just be replaced — we are the only MDM provider to obtain 'Authority to Operate' on US Department of Defense networks."
Chen also talked about the success of BlackBerry Messenger. This year it extended outside BlackBerry's OS and on to iOS and Android, making for more than 40 million new users. "We will continue to invest in this popular service and build out its features and channels, with plans to turn it into a revenue stream in the coming years," Chen said.
Chen's letter didn't move BlackBerry's stock price much on Monday, at a less than 1 per cent gain.
"We've accomplished a great deal in these last couple months, and we're positioned for the long haul. We have a strong cash position with more than $3 billion on hand, a renewed spirit, and trusted technology, network and platform," Chen said in conclusion.
Chen was appointed chairman of Blackberry in November and replaced outgoing CEO Thorsten Heins as interim CEO. On the same day Fairfax Financial announced a $1 billion round of funding for BlackBerry, but it would not be taking over BlackBerry in a $4.7 billion offer.
A committee has been formed to select a permanent CEO, but given his background, it wouldn't surprise us if Chen keeps the chief executive role. He turned the company Sybase around from nothing into a $5.8 billion sale last decade.


text:
Sunderland’s Code holds National Apprenticeship Week open day to tech giants of the future
Digital apprenticeship provider Code will celebrate National Apprenticeship Week with an opening evening next week.
‘Let’s Get Digital: Apprenticeship Open Evening’, on Thursday, March 7, will feature talks from business leaders and trainers from Code, sharing their expertise to give prospective apprentices a taste of how important digital skills are now and in the future; as well as open group discussions and one-to-one advice for those considering their career options.
The event will promote the best of quality digital apprenticeships, alongside the government’s recent FireItUp campaign which shines a light on the huge variety of apprenticeship options available for all ages and backgrounds.
Simon Howatson, Code founder and CEO, said: “I want the young people of this region to see that there are lots of fantastic employers out there who are willing to invest in growing digital talent.
“There is a huge demand from business for digital skills and we provide a vital service in introducing talented apprentices to businesses and providing the training needed to ensure they can add value and kickstart their digital careers.
“I know we have a wealth of incredible talent in the North East and I hope this event will help inspire some of them to start their journey towards developing their digital skills for the jobs of tomorrow.”
Last year, global consultancy firm Accenture claimed that the Digital Skills Gap could cost the UK Economy £141.5 billion in GDP Growth. The North East tech sector is growing faster than the rest of the economy but the digital skills gap is still a risk to economic growth in the region.
Jack Deverson, MD of Evidence Based Education, said: “I have recently moved my business to Sunderland as it is a fantastic area for digital skills.
“I decided to work with Code to help me to recruit apprentices passionate about digital skills to grow the future leaders in my company. My business has grown year on year, but digital skills will be crucial to keep this momentum going.”
To book a place at this ticketed event, which takes place from 6pm-7.30pm at Bridge House, Bridge Street, Sunderland, call (0191) 2493805 or visit Eventbrite.


text:
Premier Doug Ford said this morning Ontario has about a week's supply of masks and other personal protective equipment (PPE) in its stockpile after the U.S. blocked a shipment of three million masks to the province yesterday.
Speaking with Global News Toronto, Ford said a shipment of three million medical masks bound for Ontario was stopped at the border on Sunday.
“We had three million masks stopped at the border this weekend coming up to Canada. That’s unacceptable. Absolutely unacceptable that they’re doing this,” Ford said in an interview with Global News.
This blocked shipment means Ontario only has about a week's supply of masks and other PPE for health care workers.
Ford said he hopes something can be worked out — and exemption for Canada, he called it — between Canada and the U.S. to allow medical supplies to keep flowing.
Last week, U.S. President Donald Trump used the 1950 Defense Production Act to direct the government to buy up N95 respirator masks from 3M and its subsidiaries, and asked the Minnesota company to stop exporting masks outside the U.S.
The company disagreed with this, saying the consequences could have "significant humanitarian implications."


text:
KT and Hyundai Motor will collaborate to expand the deployment of the latter's commercial electric buses, the companies have announced.
The South Korean telco will provide a fleet management system that analyses real-time vehicle location and drivers' history for Hyundai's electric buses.
KT's system will also allow Hyundai to view a digital tachograph of its buses and assess the status of its fleet remotely.
The two companies will initially apply the system to buses in Seoul, South Korea's capital, before expanding them to Incheon and Daejeon later this year. The electric buses have embedded terminals that provide battery levels and remaining driving distance for the vehicle. The terminal can also alert the system if there is an anomaly on the bus.
KT and Hyundai will also collaborate to modify the system so it can be applied to electric trucks and new connected car platforms.
Hyundai is currently also in close collaboration with Cisco to create high-end 'hyperconnected' cars that operate within in-car networks.
In July, the automobile giant invested $4.2 million into a South Korean cab-calling firm as part of its expansion into the mobility market.
KT applies battery conserving tech on 5G network
The application of Connected Mode Discontinuous Reception (CDRX) technology will allow 5G smartphone owners to save battery life.
KT rolls out epidemic prevention app in Laos
Following launches in West Africa, the South Korean telco is set to expand the rollout of its epidemic prevention platform to Southeast Asia as well.
KT to expand deployment of 5G inside buildings
KT will begin 5G services within large and crowded buildings such as airports and train stations.
Samsung and KT succeed in compressing 8K broadcasting
Samsung and KT SkyLife used a satellite's Ka band to send 8K video data to a TV on the ground.
Mobility as a Service could convert car drivers to bus riders (TechRepublic)
A study of 21,000 consumers shows MaaS could change commuting habits and reduce congestion. People need options beyond Uber to get where they're going.


text:
Netflix, but for smartphones: Is it the future?
Despite the growth of the used smartphone market, a huge amount of new smartphones are sold each year. Marketing and carrier plans work their magic to support sales and detrimental factors like planned obsolescence, failing support for older devices, and a limited ability to repair phones keep anything too old from sticking around in the market for too long
On top of that, phones often have locked down bootloaders and company-owned software or service. Beyond a 12-24 month warranty period, you’re often on your own.
10 or 15 years ago convincing hundreds of millions, if not billions of consumers it’s OK to toss what was an expensive 24-month old device would have been nearly impossible. Why is it so easy now? PCs and laptops faced similar pressures with the driving force of Moore’s Law, but at least that was a period of rapid advancement — few-year-old smartphones that should still be capable get stuck in bootloops, don’t receive updates, or have terrible battery performance.
Smartphones that should still be capable get stuck in bootloops, don’t receive updates, or have terrible battery performance
Would you consider a “subscription as a service” model for a smartphone — a Spotify/Netflix/Device-on-demand/Smartphones-as-a-Service kind of deal?
Do you really own your smartphone?
Of course you do! Right? It seems like a ridiculous question, but has an edge to it.
Take the John Deere tractor situation. Farmers buy hugely expensive tractors expected to last a generation. But John Deere uses locked-down software to maintain control of every aspect of a tractor’s use after the sale, greatly reducing the ability to service and maintain a tractor without expensive John Deere technicians. Farmers are fighting back after John Deere lawyers infamously stated that farmers purchase “an implied license for the life of the vehicle to operate the vehicle.”
As Wired said at the time, “It’s John Deere’s tractor, folks. You’re just driving it.”
In the electronics world, DJI threatened to turn one of their drones into a non-flyer after being required to issue firmware updates. It was their solution to a safety concern after some users reported the device dropping from the sky. To protect everyone’s heads, the device was remotely deactivated if firmware hadn’t been updated.
Logitech simply ended support for their Harmony Link product. First released in 2011, the device allowed smartphones and tablets to act as remotes. At least, it did until March 16th, 2018, when Logitech apparently refused to buy a new license for the technology in the hub, and simply gave notice it would shut down the devices completely. Facing a wave of online backlash, Logitech turned around and played nice, offering a free Harmony Hub as a replacement for Link owners.
Read more here:: androidauthority


text:
It seemed like “artisan” products started popping up everywhere a couple years ago. Artisan cheese, artisan butter, artisan toothpaste, artisan beer. But what does that even mean? Will people pay more for something if they think it was made by an artisan?
Local advertising agency Curiosity wanted to find out, so they asked 100 people. Spoiler alert: Cincinnatians will pay more for artisanal products.
The agency found that 51 percent of those polled said they would pay more for an artisan product. But not just any artisan product.
Those polled said furniture, beverages and groceries fit great with the word artisan. Mobile devices, cosmetics, pet food and motor vehicles didn’t work so well. After all, has anyone ever heard of an artisanal Toyota?
Those polled were kinda “meh” on artisanal toys, personal care products, alcoholic beverages, fast food (artisanal Taco Bell beefy crunch supreme, anyone?) and fashion.
Does calling your product artisanal add any impact? Curiosity found that 24 percent of those polled said their trust in the word artisan has increased over the years, while 66 percent said it stayed the same. Only 10 percent of respondents said their trust in the word has decreased.
But what does it even mean? Respondents said they associated artisan products with the words “handcrafted,” “premium quality,” “made by an artist” and “passed from generation to generation/connected to the ‘old world’” the most.
But artisan isn’t the end all be all. Fifty-nine percent of respondents said “natural” trumps “artisan” when it comes to their buying choices.


text:
I'm just another plagiarist... pickin' at the blogs I haunt... pickin' up what I like... and think you might like too.
Thursday, December 1, 2016
The World's Tallest Cow Meet Danniel, the giant bovine whose proud owners believe is the world's tallest cow. The huge Holstein steer measures a staggering 6 foot 4 inches tall and weighs a whopping 2300 pounds. Danniel's owners have now had him measured for Guinness World Records in an attempt to have him officially recognized as the world’s tallest steer.


text:
Chinese e-commerce giant Alibaba Group Holding Ltd recently made an announcement regarding the launch of its new sales channels in Singapore, Malaysia, Hong Kong and Taiwan as China’s deep-pocketed e-commerce firms compete for new users in the region.
The all new service, branded TmallWorld, will let the overseas Chinese users to purchase goods from Alibaba’s Tmall, its popular brand-to-consumer retail site, the company said in a statement. “Alibaba will provide end-to-end solutions including logistics, payment, and localization support catering to each local market’s needs,” the statement read.
Pretty active and popular within India as well, the Alibaba Groups this year had made an investment of Rs 17,000 crore in an Indian e-commerce website called Paytm. The big picture is that the Indian electronic commerce market is predictable to be worth $60 billion by 2020. It’s already big, worth $16 billion in 2016 and growing at a fast clip of 45 percent annually.
Furthermore, the cloud computing wing of the Alibaba Group ‘Alibaba Cloud’ recently has proclaimed to open its two data centres in Jakarta and India by March 31st next year. Also in order to connect Alibaba Cloud’s “ExpressConnect” via Tata Communications’ “IZO Private Connect” service, it has partnered with TATA telecommunications on June 10. Further, it aims to augment its computing resources which would offer immense hold up to small and medium enterprises.


text:
Grand Parade Investments appoints acting CEO Mohsin Tajbhai permanently with effect from 1 July.
Gaming and restaurant group Grand Parade Investments has announced the appointment of Mohsin Tajbhai as permanent CEO with effect from July 1.
Tajbhai joined Grand Parade as COO of manufacturing and properties. He later progressed to group COO. In November 2018 he was appointed as an executive director. He served as the company’s acting CEO since 1 January 2019, following the resignation of Prabashinee Moodley in December 2018.
According to a statement by Grand Parade, Prabashinee’s resignation was due to the market sentiment towards the quick service restaurant Industry and the underperformance of its restaurant chains.
Grand Parade runs the Burger King chain of fast-food restaurants in South Africa.
Grand Parade has been struggling to make a success of its international food franchises given South Africa’s struggling economy and consumer spending that remains in the doldrums. In March 2019, the South Africa Burger King business widened its headline loss 66 percent to R9.5 million in the six months ended December 2018.
In February 2019, Grand Parade liquidated its loss-making Dunkin’ and Baskin-Robbins outlets.
On November 28, disgruntled investors issued a letter via the JSE’s sens service arguing that Grand Parade appeared unable “to attract and retain the best talent, which is a crucial underpin for Grand Parade’s long-term success”.
Moodley was the second CEO to resign from the company in 2018.
She resigned in December 2018, after less than five months in the top job. Before her appointment, Grand Parade executive chairman Hassen Adams doubled as acting CEO.


text:
Ubisoft’s announced on the EU PS Blog it’ll release Assassin’s Creed: Revelations on the PlayStation Store in Europe this Friday. Those who buy as a standard PSN member will get 35% off, with the Plus lot getting a half-off discount.
Monster Hunter World features 14 weapons which players can use to slay monsters. Here’s a look at one of them.
A video giving you a look at the Headquarters feature in Call of Duty: WW2.
This week’s Xbox Live Deals with Gold contains quite a few heavy hitters along with DLC.
Assassin's Creed: Revelations
Three more games have been added to the Xbox One backwards compatible list this week.
Ubisoft has confirmed Assassin’s Creed: The Ezio Collection exists, which we already knew thanks to retail and rating listings.


text:
The founder of the best-selling Black-owned spirit brand shares why she prefers to work with individual investors over VC firms and how they helped her reach $100 million in sales
Fawn Weaver has a network of 100 individual investors who've helped get Uncle Nearest Premium Whiskey into 25,000 locations.
Walmart is offloading outdoor brand Moosejaw six years after acquiring it as DTC brands prove tricky to integrate into large companies
Walmart previously bought Moosejaw in 2017 for $51 million to bolster its e-commerce and outdoor offerings, but will sell the company soon.
Here's an exclusive look at the 20-slide pitch deck generative AI startup Regie.ai used to raise $6 million from OpenAI-backer Khosla Ventures
Regie.ai automates and personalizes content creation and management for sales teams. Here's the deck it used to raise $6 million in Series A funding.
Kohl's vs. T.J. Maxx: 5 reasons I find shopping at Kohl's better and less overwhelming
If it's Kohls vs. T.J. Maxx, Danielle Bauter said she prefers Kohl's with its more efficiently placed products and its exceptional rewards program.
A cowboy who won the lottery just sold a sprawling 50,000-acre South Dakota ranch for over $37 million
Buying the Bismarck Trail Ranch in 2009 was a dream come true for Neal Wanless. Now, he's offloaded the property for a record-breaking $37.5 million.
Leaked email reveals Tesla-wannabe Lucid is worried over canceled orders — and will call customers up to 14 times to ask them not to ditch their six-figure EV
Lucid introduced a new protocol to sales employees about approving customer cancellations. It requires them to dial customers multiple times.
Apple AirPods Cyber Monday deals: Shop discounts on AirPods, AirPods Pro, and AirPods Max
Apple's popular AirPods are on sale for Cyber Monday, including all-time low prices on the first- and second-generation AirPods Pro.
The Nintendo Switch Cyber Monday bundle sale includes a free game plus 3 months of online multiplayer for only $300
You can get a Nintendo Switch, Mario Kart 8 Deluxe, and a three-month online multiplayer membership for just $300 on Cyber Monday.
Nintendo's Black Friday Switch bundle includes a free game plus 3 months of online multiplayer for only $300
You can pick up a Nintendo Switch, a digital copy of Mario Kart 8 Deluxe, and a three-month membership to Nintendo Switch Online for only $300.
Tech giant HP says it will cut up to 6,000 jobs by 2025 as PC demand slumps
HP reported an 11% drop in its fiscal fourth-quarter revenue from a year ago, as demand for computers fell from a COVID-19 pandemic high.
Elon Musk fired Twitter's head of sales after she refused to sack more employees. He had previously begged her not to resign.
Elon Musk begged Twitter's head of sales, Robin Wheeler, not to resign but then sacked her anyway after she refused to fire more employees.
The direct-to-consumer sales model Rivian and Lucid tout as a key unlock could hamstring them in booking revenue — while Ford and GM reap the benefits of working with dealers
Rivian and Lucid want to forgo dealers and deliver their vehicles directly to customers. That's a problem for these startups' revenues.
Salesforce insiders say the performance review system set some of its top salespeople up for failure ahead of layoffs
Recent Salesforce layoffs impacted even top sellers, as the company increased pressure and set sales goals that insiders described as unrealistic.
Elon Musk persuaded Twitter's top sales executive to stay after she and other senior leaders quit, report says
Reports said Twitter's head of ad sales Robin Wheeler had quit, but she tweeted later on Thursday: "I'm still here."
Lucid's fight to sell cars in Texas could give it a leg up in the ultracompetitive electric-vehicle market
A legal battle brewing for Lucid in Texas shows signs of headaches to come for electric-vehicle startups — and a chance at success.
15 open jobs at tech companies like Adobe, Amazon, and Microsoft that pay over $200,000
There are still 10.7 million open jobs in the US. From sales leaders to engineering managers, Insider found roles that are available right now.
The Steam Scream Fest is offering sales on dozens of popular horror games. Here are the best discounts we've found so far.
During the Steam Scream Fest, you'll find discounts on all the Resident Evil games, indie favorites like Hollow Knight, and more.
Your guide to scoring Amazon Lightning Deals during the October Prime Day sale
Amazon's October Prime Day event is full of member-exclusive Lightning Deals. Here's how to shop these limited-time discounts.
Amazon officially confirms it will hold a 2nd 'Prime Day' sales event in October
Amazon will be throwing the new sales event right before it heads into its busy holiday season, known internally as "peak."
A Greylock-backed marketing startup hasn't lost a customer since its inception. Here's an exclusive look at the pitch deck Falkon used to raise $16 million.
Falkon helps companies use data to improve their sales, marketing, and customer-service teams. Here's the pitch deck that got it $16 million.


text:
Mozilla is slowly marching towards a general release of Firefox 4. Today, the non-profit launched the 8th beta version of its flagship browser. As expected, after 8 betas, there aren’t any major new features in this latest version (though Mozilla promises to add a “do not track” feature before the final release). Instead, Mozilla is now focussing on fit and finish. In today’s new version, the focus is on making it easier to set up Firefox Sync and the new look and feel for the add-ons manager. The new version also offers improved support for WebGL for 3D graphic visualizations on the Web.
Just a few months ago, Google finally introduced categories for its Chrome extensions library. Today, the company is adding a number of additional categories, including News and weather, Photos,Productivity, Search tools and Social. Nothing too exciting here, but good to see that Google continues to improve the extensions library.


text:
CJ Foodville is Coming to Right to Work Georgia
CJ Foodville is establishing a new location soon in Right to Work Gainesville, Georgia. This will serve as a food processing facility and bakery. In order to cover the costs, the company is investing $47 million toward the project. They will also create 285 new jobs. So this will be an excellent addition to Hall County!
From Area Development Magazine:
“Based on our strong profitability, we have decided to establish a factory in the U.S. to enhance our production and supply capabilities in response to the expanding scale of the TOUS les JOURS business. […] We are committed to promoting the unique competitiveness of the K-Bakery, which is built upon excellent product quality in a diverse range of bread and cakes. Our ultimate goal is to establish the TOUS les JOURS brand as a globally cherished bakery brand that transcends borders and captivates palates worldwide.” […]
â€œGeorgiaâ€™s economy is exceptionally diverse, and itâ€™s a critical factor in allowing us to weather economic changes. […] CJ Foodvilleâ€™s investment is a great example of both the diversity of our economy and the investments coming from our international partners. Connectivity creates opportunity, and Georgiaâ€™s decades-long relationship with South Korea has built a diverse economic and cultural exchange reflected across the state. Congratulations to CJ Foodville and our friends in Gainesville-Hall County.â€ […]
â€œCJ Foodville will be a welcome part of Gainesville-Hall Countyâ€™s business community of 330 global manufacturers and processors. […] Gainesville-Hall County offers a competitive advantage for food and pharmaceutical businesses by connecting them to world-class talent, industry specific training at Lanier Technical College, a network of cold-chain logistics providers, and global markets through Georgia Port Authorityâ€™s new Inland Port Terminal, expected to open in 2026.â€AREA DEVELOPMENT MAGAZINE
To read the previous economic update on Right to Work states, click here.


text:
Why women are being dropped from Pakistani ads
After protests, one fashion company replaces models with sailboats and says 'women are not to be flaunted.'
Some Pakistani fashion houses are avoiding using women in their advertisements after campaigners last year blacked out images of models on billboards.
It might be hard for Americans to picture how a fashion company can demonstrate the beauty of its clothing without models, but one Pakistani line says it's using sailboats to get the message across, according to the U.K.'s Telegraph.
How? The vessels' sails are made from their new "lawn prints," or lightweight fabrics worn in summer. Gusts of wind puff out the sails, with their colorful patterns glinting under a blue sky.
"We feel that women are not to be flaunted across the city on billboards," Nadir Khan, customer relations manager of J Lawn, told the Telegraph.
The shift illustrates the challenges for advertisers of decoding what's acceptable in different countries. A tame image in one country might be considered taboo in another.
Advertisers have often failed to understand the unique issues of marketing to Muslim consumers, according to The New York Times. Multinational companies, eager to appeal to the world's 1.57 billion Muslims, are tailoring their campaigns to avoid any cultural blunders. And American companies are also eager to sell fashion to U.S. Muslims.
According to the Telegraph, several other companies have dropped models from their advertisements, although some continue to use them in brochures. A 2011 Gallup survey found that almost two-thirds of Pakistanis objected to billboards with women, the story adds.
But cultural issues aren't only problems in Muslim-targeted advertising.
Translation is often an issue for U.S. companies trying to break into other cultures. The "Got Milk?" campaign in Mexico, for instance, meant "Are you lactating?" That's probably not the message the milk industry wanted to get across.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
- Should the US scrap the debt ceiling?
- Will new mortgage rules mean fewer lenders?
- Why GM, Chrysler are riding high
- Survey: Dashboard lights fail to send right message
[BRIEFING.COM] Sellers remain largely at bay, so the major indices have been able to keep on keepin' on near their highs for the day. The Nasdaq, which tuned positive for the week, is actually trailing the other major indices today with a 0.7% gain.
Apple (AAPL 561.80, -6.11) has been a drag on the Nasdaq, but otherwise there has been some pretty good support for the Composite.
Intel (INTC 25.00, +0.74) is acting as an offset of sorts as it benefits from a ... More
More Market News
The rollout of the new national health care plan has been far from perfect, but some sectors may get an Obamacare bump.


text:
Apple’s (NASDAQ:AAPL) market cap will continue to rise beyond the $3-trillion U.S. milestone it hit briefly Monday, according to one chief investment officer, who argued that the stock’s valuation is justified.
Patrick Armstrong, CIO at investment management firm Plurimi Group, expects Apple’s share price to continue to grow quicker than the overall economy. The International Monetary Fund expects the U.S. economy to grow by 5.2% in 2022, while the global economy is seen expanding by 4.9%.
“I don’t think it’s going to be a stock that’s going to double very quickly,” Armstrong said Tuesday, but he added that it will “grow faster than the economy.”
In August 2018, Apple became the first publicly-traded U.S. company to hit a $1-trillion valuation and its market cap has tripled in less than four years.
“Apple is an incredibly positive company in terms of cash flow generation, earnings, market share, profit margins. It’s almost ideal when you look at all of those metrics,” Armstrong said.
Microsoft (NASDAQ:MSFT) is valued at $2.5 trillion, while Amazon (NASDAQ:AMZN) and Google-parent Alphabet (NASDAQ:GOOGL) are valued at $1.75 billion. Some analysts have questioned whether Apple is overvalued but Armstrong said the iPhone maker’s market cap isn’t as “lofty” as some other companies.
“It’s an incredible company trading at a premium multiple,” he said. “I don’t think there’s anything outlandish about that. I think great companies should trade at premium multiples. I don’t think you’re in the extreme lofty multiples that some of the other companies are.”
AAPL shares docked seven cents early Tuesday to $181.94.


text:
The brand is currently available via direct-to-consumer and found at Credo and Sephora.
This comes following news that Netflix’s most-watched original series has been picked up for a second season.
Brinkley has partnered with SBLA, created by cofounder and chief executive officer Randi Shinder.
Quen Blackwell has appeared in projects with Halsey and Diplo.
It’s a vegan hair mask made for all hair types, said Appleton, who works with the likes of Jennifer Lopez, Ariana Grande, Dua Lipa and Katy Perry.
Dermatologists and plastic surgeons to the stars share today’s go-to facials, devices and cosmetic procedures.
The campaign marks the California brand’s 35th anniversary.
The West Coast brands will unveil more pieces in the fall.
The model and founder discusses the business of Kora Organics, which launches its newest product today.
The business move is a way for Jetsweat to bring its technology to a larger market and allows boutique fitness studios to compete against the likes of Peloton and Beachbody, said founders Alexandra Dantzig and Erin Frankel.


text:
Now we know one of the big ideas that musician-entrepreneur Pharrell Williams had under his enormous hat: Taking plastic trash from the ocean and turning it into jeans.
Pharrell recently announced plans to launch a new jeans collection with the denim label G-Star RAW. The collection, called G-Star RAW for the Oceans, will be created using fabric from Bionic Yarn. We've been sterilizing and melting down plastic bottles to make synthetic threads for years now but Bionic Yarn's new thread will apparently originate with plastic waste pulled from the ocean. The details aren't available yet, though. Hat tip Grist.
Culling plastic waste from the ocean won't be easy. Plastic doesn't float around in neat islands. It's more like a disgusting soup. The fuel needed to remove the plastic and clean it could end up being more than the petroleum saved through recycling. Plus, if you ever forget how large the oceans are, think about the drifting cruise liner that's been eluding discovery for a year.
If one person can make these herculean challenges seem doable, it's probably Pharrell. He's featured on Daft Punk's "Get Lucky" — a song that even got a Russian police choir busting moves. There's his huge meme-worthy hat. And he's 40 years old but has such smooth skin that he recently had to dispel vampire rumors. Finally, there's this upbeat, catchy video about the jeans.
We'll have to wait and see whether the technical aspect works out, but knowing Pharrell's style, those jeans are going to be tight.
This article originally published at Discovery News here