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Laws Tie Moving Companies in Red Tape
In 2004, Maurice Underwood was just a man with a van.
When he made the decision to start his own moving company, Underwood was running an established small business in Reno, Nev., providing home cleaning services. A moving business was a natural next step, he thought, after he noticed several of his clients inquiring about moving services.
A year later, the government came calling.
NO MOVEMENT: In some states, licensing laws allow existing moving companies to effectively crush competition. In Nevada, a new moving company must prove that it will not compete with existing carriers like Mayflower. Good luck with that.
One of Underwood’s trucks was cited in 2005 for operating without a license — in the state, anyone can load or unload a truck, but special permission from the state government is required to drive a loaded truck from Point A to Point B. He paid the fine and began the process of bringing his company, Man With A Van Moving, in compliance with the state law.
He soon learned that the only way to get a license in Nevada was to comply with a law requiring proof that his business would not “unreasonably and adversely” affect other companies by creating additional competition.
Another part of the same law indicates the “legislative intent” of the licensing rule — to discourage competition that may be detrimental to the existing carriers in the state.
Timothy Sandefur is a lawyer with the Pacific Legal Foundation, a nonprofit law firm that challenges laws impeding economic and civil liberties. He is the lead attorney on a federal case challenging the legitimacy of the Nevada licensing law, which he calls “the most blatant anti-competition law” in the nation.
Licensing requirements like those in Nevada are part of that broader problem. Known generally as Certificate of Need laws, the requirements apply to trucking companies, movers, limousine and taxi drivers and even hospitals. They allow private companies to use the strength of the state government to keep competitors from entering the market, or to require large upfront investments of time and money that discourage potential competitors.
It adds up to a system that benefits the established, entrenched interests at the cost of entrepreneurs — and, ultimately, consumers, Sandefur said.
“Wal-Mart could make a lot more money if they could use the government to make Target illegal,” he said.
In a federal court filing, the Pacific Legal Foundation argues the Nevada government is “irrationally and arbitrarily discriminating against” Underwood in a violation of the U.S. Constitution’s equal protection clause.
Andrew MacKay, chairman of the Nevada Transportation Agency, which oversees just about anything that moves objects or people around the Silver State, takes a different view of his state’s licensing requirements.
In his six years as chairman of the agency, MacKay says he has never seen an applicant denied a license, provided they go through the entire application process. And he disagreed with the view that the licenses are a means to keep out competition.
“In short, the legislature enacted those laws to ensure that the trucking and shipping industries are adequately protecting the public safety,” MacKay said.
Though he declined to discuss the specifics of the Underwood case because of the ongoing litigation, MacKay said he is a former businessman who understands the importance of competition.
“I believe in the free market,” he said. “But if you’re going to hire a mover or a limousine company, there is an expectation that you are getting someone who can do the job safely and economically, without price gouging.”
The battle rages elsewhere as well.
In 2009, Raleigh Bruner started a new moving company and learned that he had to obtain an “Intrastate Household Goods Certificate” from Kentucky’s perfectly bureaucratic-sounding Transportation Cabinet Division of Motor Carriers.
And the only way to do it was to win approval from the existing license holders in the state.
Once one of those other companies protested, state law requires the new applicant to hire a lawyer — owners are not allowed to represent themselves at the state board — and begin a lengthy process of hearings that costs a new company valuable startup cash.
[Ed. Note: A properly running economy fosters competition, generates more innovation and delivers better products to both customers and society as a whole. On the other hand, a “managed” approach to business and competition through professional licensing creates unintended consequences on an economy that go beyond its limited scope and self-interest. Those who would manage business like this mistakenly believe that what’s good for them is good for the rest of the economy and society at large.
On the surface, licensing seems like a good idea. What better way to protect consumers than by ensuring that businesses in a specific market are approved before they open to the public? When the board in charge of granting these licenses, however, consists of the new businesses’ future competitors, perverse incentives trump rational decision-making and the good of society is sacrificed in the name of personal interests.
Competition works best when market forces (not vested interests) decide who can do business. Political arguments like claims of price gouging by new competitors in a local market provide great talking points for politicians and people sitting on boards, but language and actions like that have a chilling effect on new business creation.
Jim Cox briefly covers this very topic in Chapter 9 of The Concise Guide to Economics. His book lives up to its name, covering topics like free markets, licensing and the dastardly effects of minimum wage law in easily digestible chapters.
This title and 40 others can be yours free as a new member of our latest project. Click here to learn what else membership provides.]
In practice, the only way a new business can get a license is to prove there are not already enough movers in the market to meet demand, said Tom Underwood (no relation to Maurice), state director of the Kentucky chapter of the National Federation of Independent Business.
“This is a state-controlled monopoly. That’s all there is to it,” Tom Underwood said.
But the days might be numbered for the moving cartels in Kentucky. Brunner filed a lawsuit in federal court last year to get the Kentucky law overturned. Though the case is still pending, there is now legislation in the state Senate that would deregulate Kentucky’s moving industry.
Existing license holders oppose the change, saying it would decrease the value of their licenses, but Underwood points out that the licenses have only become such expensive commodities as a result of the state’s restricted market.
Despite the opposition, Underwood said there is enough support for the bill to be passed into law before the state legislature’s annual session ends in mid-March.
These state licensing laws are hardly a new phenomenon — and neither is the fight against them.
The first such laws were created in the late 19th century and designed to protect semimonopolies like railroads, but they gradually evolved into government-enforced bans on competition in a variety of sectors.
In 1932, the U.S. Supreme Court struck what should have been a decisive blow. In New State Ice Company v. Leibmann, the court struck down an Oklahoma law that banned the delivery of ice unless a new delivery company could prove to a state board there was a public need for more deliveries.
The board that made the decision, perhaps unsurprisingly, was staffed by the owners of existing ice companies.
In the 7-2 ruling, Justice George Sutherland wrote, “It is beyond the power of the state, under the guise of protecting the public, arbitrarily to interfere with private business or prohibit lawful occupations.”
But that ruling did little to stop the march of restrictive licensing laws. In recent years, though, the tide has started to turn.
In 2007, Minnesota lawmakers eliminated a state law requiring new moving companies to give notice to existing companies.
A year later, the Ninth Circuit Court of Appeals overturned a California state law for licensing pest control workers.
In 2009, the Pacific Legal Foundation challenged a similar law in Oregon on behalf of college student Adam Sweet and his startup moving company, 2Brothers Moving. A federal judge declined to overturn the law, but the Oregon Legislature removed moving companies from the licensing requirement, though it remains in place for other types of carriers and taxi companies.
In 2012, Missouri lawmakers brought an end to a similar law that gave existing moving companies veto power over new applicants.
Missouri State Rep. Eric Burlison, R-Springfield, who sponsored the legislation that changed that law, said the old arrangement created some nonsensical loopholes for companies to operate.
New moving companies could obtain federal licenses, but faced a harder time obtaining state licenses, which could be blocked by existing companies.
As a result, some startup companies could legally move a customer from inside Missouri to Kansas or Kentucky or elsewhere across state lines, but would be operating outside the law if they tried to move the same customer to a neighboring town in Missouri.
“It’s absolutely insane that we would forever enshrine certain businesses and make sure they would never get any competition,” Burlison said. “That’s not the role of government and it should never have been the role of government.”
Original article posted on Laissez-Faire Today


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WINTER WONDERLAND The judging for the Fall Creek Winter Wonderland Yard of the Season contest will take place next week. All Fall Creek residents are welcome to participate in the holiday cheer! Winners will be chosen from each of our 27 Fall Creek villages and will be proudly presented a “Yard of the Season” sign to place […]
Saturday, December 7th, 9am-12pm At the Fall Creek Clubhouse 7930 Fall Creek Bend, Humble, TX 77396 The market will have 68 vendors selling a variety of items such as baked goods, jewelry, candles, bath products, home decor, and so much more! Parking will be at Fall Creek Elementary (Sherriff’s Deputies on duty will direct all […]
The Golf Club of Houston would like to invite the Fall Creek community to make reservations to attend Brunch with Santa on Saturday, December 14th. Space is limited so RSVP is required. Please see attached flyer for further details.
Dear Residents, Please be advised that the Fall Creek Clubhouse will have limited hours next week in observance of the Thanksgiving Holiday. We will return to normal business hours on Monday, December 2, 2019. Monday, November 25, 2019 9:00 a.m. – 5:00 p.m. Tuesday, November 26, 2019 9:00 a.m. – 5:00 p.m. Wednesday, November 27, […]
Don’t miss out on all the holiday happiness coming to the market! Santa Claus is taking time away from his busy schedule to come take pictures and wishes from everyone in the family. Plus, children will have space to run, play, and bounce while Mom & Dad look for stocking stuffers. Take a break from […]
Exclusive offer for Fall Creek Residents

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The Bright Building in Manchester is a state-of-the-art building which is a ‘living lab’ for technology and innovation.
Office blocks, manufacturing plants, retail units and all general places of work draw huge amounts of energy. In Europe, 38% of all
Christmas is the most wonderful time of year and also the most expensive, not just for your average household but also for
I will be giving a talk at this year’s EMEX event about the implementation of IoT into the retail sector.
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The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
It has been six years since the financial crisis that brought the world economy to a standstill. Soon afterwards, policy makers and analysts began to outline the main features of the recovery. Virtually all these observers agreed that by 2015 the global economy would be back on track and growing robustly. As the world is poised to enter 2015, the world economy is strengthening but risks remain notable, while Euromonitor’s forecasts leave no doubt that a rebound is taking longer than expected.
Euromonitor’s preliminary estimates predict that the global economy will strengthen in 2015 with real GDP growth of 3.7% up from 3.2% in 2014, marking the strongest growth since 2011. Yet results across economies will be highly uneven and in some cases well below historical trends. The disparity in performance means that 2015 will be another year of modest growth for many parts of the world. Geopolitical tensions, risks of a wider Ebola outbreak, and a bigger slowdown in the eurozone or China remain key challenges. The global economy will see progress led by the USA, but the drags on growth are proving too durable to be rectified in the near term:
Source: Euromonitor International from national statistics/Eurostat/OECD/UN/International Monetary Fund (IMF), World Economic Outlook (WEO)
Note: 2014 and 2015 are forecasts based on preliminary estimates
A pickup in economic performance is expected in 2015 but growth will be below historical trends. Nonetheless, several trends can be singled out that will provide at least some support to the recovery:
Traditionally, world trade has grown at roughly double the pace of the global economy. That has not been the case in recent years. Analysts have blamed the slowdown on economic malaise in the EU or the hesitant pace of trade liberalisation. Recent research, however, indicates that the slowdown is largely structural in character. The World Trade Organization (WTO) has scaled back its forecasts but predicts that global trade will grow by 4.0% in 2015. This will provide a boost to the global economy, though trade will not be such a crucial driver as in the past.
Oil prices have fallen more than 40% in the second half of 2014 and by year-end stood at the lowest level in more than five years. The sluggish performance of the world economy is one reason for the sudden glut but more important is the rapid development of the shale oil industry (particularly in the USA) resulting in an excess of supply over demand. Led by Saudi Arabia, the Organisation of Petroleum Exporting Countries (OPEC) has responded by maintaining existing levels of output and allowing oil prices to decline. OPEC’s goal is to drive high-cost producers – primarily the newcomers supplying shale oil – out of business.
OPEC’s strategy will hurt oil producers like Venezuela, Nigeria and Russia that have few non-oil sources of foreign exchange but it will benefit oil importers such as South Korea, Japan, China and large parts of the eurozone. The windfall enjoyed by consumers in the latter countries is likely to be spent rather than saved, boosting their economies as well as the confidence of both consumers and investors. Euromonitor forecasts the Europe Brent spot oil price will average US$82.0 per barrel in 2015 down from US$99.9 in 2014.
Source: U.S. Energy Information Administration
Note: Data is not seasonally adjusted. Data from November 2014 is forecast.
Household deleveraging has been an important drag on the recovery in developed countries – especially in those that experienced a housing bubble. During the Great Recession, the ratio of debt-to-income rose sharply when property values fell and large numbers of workers lost their jobs. The balance sheet adjustment in the household sector is a common post-recession feature although the current process is particularly slow owing to the exceptionally high levels of debt accumulated and the very gradual upward shift in future income expectations. Household debt is nonetheless being scaled back and consumers are cautiously returning to markets as credit restraints ease. In the USA, for example, consumer lending was 125% of total annual disposable income in 2007 but this dropped to 101% in 2013.
Despite trends that are favourable for global economic prospects, there are other conditions, also common to many countries that act as drags on the world economy:
Many countries saw levels of debt soar in the aftermath of the Great Recession. Some were forced to bail out the banking sector while others rushed to launch stimulus programmes in the hope of spurring a recovery. In many instances, the household sector had accumulated substantial debt prior to the collapse of property markets in 2009. Households and consumers are deleveraging but they still grapple with uncomfortably high levels of debt.
A great many debt-laden countries lack the fiscal flexibility to address their problems. They can ill afford to boost demand or private investment by cutting taxes. Nor can they undertake stimulus programmes or increase public spending to improve infrastructure. Faced with these constraints, the economic prospects of many countries are weaker than they might have been. In the eurozone, Greece and Italy are two of the more extreme examples of debt-laden countries. Greece’s public debt is an estimated 177% of GDP in 2014 while that of Italy stands at 132%.
According to the International Labour Organization (ILO), growth of world employment slowed perceptibly after the Great Recession and there is little chance that it will return to the pre-crisis trend in the foreseeable future. In fact, the global jobless rate actually rose in 2014 and the ILO expects a further increase in 2015. Such a large pool of unemployed will slow the pace of any economic rebound:


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Star Throwers ready to welcome customers as Attleborough store set to open
mdep-10-01-18-003-mb PICTURE: MARK BULLIMORE
Staff and volunteers at Star Throwers are gearing up to welcome customers to their new shop in Church Street, Attleborough, on Monday.
We really hope to create a charity shop that the people of Attleborough can be proud of
The charity, which opened its first shop in Wymondham in 2012, hopes the new venture will provide further much-needed funds.
Shop manager Helen Cozens said: “We are very excited to be opening our second charity shop in Attleborough.
“It will have a boutique feel about it, where shoppers can purchase quality donated items at great prices.
“We really hope to create a charity shop that the people of Attleborough can be proud of.”
The charity is hoping the local community will get behind the new venture by donating stock, specifically bric-a-brac and toys. It is also looking for people to volunteer in the shop.
To arrange to drop off goods or to find out more about volunteering, call 01953 798426.


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Ecapital markets are primarily driven by two feelings – greed and fear. Investors who focus on short-term gains have been known to chase over-publicized, mediocre stocks at irrational valuation levels and ditch less high-profile, quality stocks. However, this strategy comes with great volatility and is not suitable for retail investors. Invest in fundamentally sound stocks with a safety margin remains the best way for investors to obtain long-term returns.
Building wealth in the stock market isn’t as hard as it sounds – $ 1,000 is more than enough to get you started. As long as you don’t need that money to pay bills or for other contingencies, the following three businesses may prove to be wise choices in the long run.
Image source: Getty Images
Leading company in sales-side advertising technology Magnite (NASDAQ: MGNI) has lost nearly 44% of its market capitalization since February 2021. The company helps web publishers and content producers sell their ad spaces to interested advertisers. Investors, however, remain concerned about the company’s future prospects in the face of Appleto allow users to block Identifier for Advertisers (IDFA) at the app level and Alphabetplans to stop tracking cookies on its Chrome browser by 2023. This is understandable since ad technology companies have long been using third-party browser cookies to track user surfing behavior in order to shape advertising campaigns.
However, the intensity of Magnite’s massive sale appears to be overstated. Currently, cookies are only used for 20% of data-driven advertising. Instead, Unified Id 2.0 – an email identity solution supported by Magnite – becomes an alternative to third-party cookies.
Magnite is also expected to benefit significantly from the structural trend in linear TV spending to shift to ad-supported connected TV (CTV). The recently completed acquisition of sales side advertising platform and major CTV player SpotX have made Magnite the largest independent publisher-side advertising technology company, supporting major cable networks and streaming platforms around the world. Emarketer estimates that CTV’s advertising spend in the United States will grow 48.6% year-on-year to $ 13.4 billion in 2021 and hit $ 24.76 billion in 2025. Magnite is an attractive bet on strength of the overall CTV market, without the risks associated with success or failure from any streaming service. Additionally, CTV advertising does not rely on cookies and provides personalized recommendations to users based on personalized logins.
With a market cap of $ 4.2 billion and 12-month revenue (TTM) of $ 246 million, Magnite is still just a small player in the CTV space. However, at a TTM multiple of the sale price (P / S) of 17.1 times, Magnite is reasonably priced, especially for a tech stock. Magnite’s recent foray into CTV’s interactive advertising space in partnership with The trade office and Innovid further enhances the attractiveness of this title as a long-term solid game in 2021.
2. Corporate product partners
Intermediate player in oil and gas Enterprise Product Partners (NYSE: EPD) is well positioned to take advantage of a recovering economy, especially since we may now be in a potential commodities supercycle. While global energy demand is expected to return to pre-pandemic levels by the end of 2022, investment in oil and gas exploration has remained fairly low since 2014. While oil and gas producers increase their supply, we can expect higher fee income for master limited partnership (MLP) Business Product Partners. The company currently operates over 50,000 miles of petroleum, petrochemicals, natural gas and natural gas liquids (NGLs) pipelines, 14 billion cubic feet of natural gas storage capacity and 21 NGL processing plants.
Precedence Research has estimated that the global petrochemical market is expected to grow at a compound annual growth rate (CAGR) of 5.1%, from $ 453 billion in 2020 to $ 729 billion in 2030. This bodes well for Enterprise Products Partners, since NGL is the raw material used for manufacturing. petrochemical. NGL accounted for half of the company’s TTM gross margin of $ 8.4 billion.
Enterprise Products Partners is also a favorite of income investors because of its high 7.6% yield. These payments are well supported by the company’s strong balance sheet and strong cash flow. Fitch Ratings has confirmed the BBB + rating for the company. The company’s debt-to-EBITDA ratio (earnings before interest, taxes, depreciation and amortization) was 3.3 times for the 12 months ending March 31, 2021, well below the target of 3.5 times. Enterprise Product Partners annualized distribution coverage (distributable cash flow divided by the total amount of payments) in the first quarter (ended March 31, 2021) was 1.8 times, and 1.6 times in 2020, which was undoubtedly a very difficult time for the oil and gas industry. The company has also steadily increased its distributions over the past 22 years.
Enterprise Products Partners is currently trading at an enterprise value to EBITDA multiple of 11.32 times, which is slightly above the oil and gas industry median multiple of 10.12 times. While there are several advantages to investing in Enterprise Products Partners, retail investors should be aware of some of the tax concerns posed by its MLP structure, especially for retirement accounts. If you are up to these challenges, the company could prove to be a solid addition to your investment portfolio.
A third smart stock to buy with $ 1,000 is Vizio (NYSE: VZIO), which is essentially a stable and mature device company (selling smart TVs, soundbars and accessories), but is rapidly increasing its exposure as a CTV advertising company.
In 2020, Vizio accounted for 13% of the US smart TV market. Taking advantage of this large installed base, the company introduced Platform +, which includes a smart TV operating system called SmartCast and a data analytics service called Inscape. This digital platform allows users to stream content from a range of publishers.
As users shift more and more from linear TV to OTT, the $ 70 billion linear TV advertising market will also begin to shift to streaming platforms. Building on this age-old tailwind, Vizio is targeting huge monetization opportunities in areas such as ad-supported video on demand (AVOD), home screen advertising and partner marketing. The company aims for more interactivity in advertising solutions and better monetization of subscription services offered on its SmartCast platform. Vizio’s strategic partnership with Verizon Communications is a step towards enabling new cross-platform and CTV advertising solutions, with the help of smart TV data from Inscape.
All of these strategic moves translate into solid financial figures. In the first quarter (ending March 31, 2021), the company’s net revenue increased 52% year-on-year to $ 506 million, while gross profits jumped 82% year-on-year for reach $ 87 million. SmartCast active accounts grew 57% year-on-year to 13.4 million, while total hours spent on Vizio increased 42% year-on-year to 7 billion.
However, Vizio faces stiff competition in the device market from peers such as Samsung and LG screen. This could be a challenge given that devices currently account for almost 90% of the company’s total revenue. Still, the stock remains an attractive choice for its high-growth advertising business, especially when trading at just 1.85 times TTM sales. With this backdrop, it might be a good time to stock up on this cheap streaming game.
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Suzanne Frey, an executive at Alphabet, is a member of the board of directors of The Motley Fool. The Motley Fool owns shares and recommends Alphabet (A shares), Alphabet (C shares), Apple, Magnite, Inc and The Trade Desk. The Motley Fool recommends Enterprise Products Partners and Verizon Communications and recommends the following options: March 2023 long calls at $ 120 on Apple and March 2023 short calls at $ 130 on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Price inflation stabilises as building materials stock levels improve
A slowdown in demand for building materials has allowed availability of construction products to improve, with brick stocks now at their highest since May 2021.
Improvements to the balance of product demand and supply – and less volatile prices – were welcomed by national trade body, the Builders Merchants Federation (BMF).
John Newcomb is CEO of the BMF and co-chair of the Construction Leadership Council Product Availability Group, which has released its latest Product Availability Statement.
He said: “Demand has slowed in recent months, which has allowed manufacturers to rebuild stocks and prices to stabilise, although energy and labour costs may lead to further volatility in the spring.
“The majority of brick manufacturers are now reporting up to eight weeks’ supply for most brick types at current levels of demand, while the UK currently has large stocks for most grades of timber, with substitutes available for products such as birch plywood and Siberian larch cladding that can no longer be sourced from Russia because of the war.”
Supplies to the UK have been affected by several major international events in recent years, including the Russian war in Ukraine and the Covid-19 pandemic.
While no major disruptions have been reported as yet, supplies of steel from Turkey could be affected by the recent earthquakes.
As one of the world’s largest exports of raw iron bars, Turkey’s ports are a vital connection for steel rebar and structural steel global trade.
John Newcomb added: “A better product demand and supply balance is welcome after a turbulent period, and while we continue to monitor international events such as the earthquake in Turkey, it is good to see that work in every major construction sector, apart from commercial, remains above pre-pandemic levels.”
BMF’s All Industry Conference 2023 is scheduled to take place in Istanbul later this year.
Following the earthquake, BMF and event management company, First Event, joined forces to rase funds for medical aid, emergency shelter, food and clean water for the people affected by the earthquakes in Turkey and Syria.
BMF and First Event’s Just Giving page can be found at https://bit.ly/3DXLeUo


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UND NEWS BLOG UND’s Red River Trio to perform in Fargo, Bemidji May 4 and 5
The Red River Trio, a group comprising three select students from the University of North Dakota Music Department, will perform at 5:15 p.m., at Schmitt Music, 4101 13th Ave. S.W., in Fargo, on May ... Posted on 5/3/13 at 1:34 PM
STAFF BLOG THE DULLUM FILE The Week That Was
No two weeks are alike in the news business, that's for sure. This has been an interesting one.
One of the best parts of the week for me was chatting on WDAZ News @5 with fashion designer Isaac Mizra... Posted on 9/28/12 at 4:10 PM
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Fierce editors were on site at the RAI Amsterdam for IBC 2014, Sept. 11-16. Check this page for continuing insights from the show.
In the wake of FCC rules that require television programs, movies, and short clips to have closed captions even in the online video space, broadcasters and OTT providers are scrambling to make sure their online catalogs are captioned. The captioning crisis has created an opportunity for startups using new technologies, including cloud platforms, to do the job faster and cheaper. But can they also do it better than established caption providers?
Since the Supreme Court's decision in favor of broadcasters stating that its online streaming business violated copyright laws, Aereo has paused its service as it explores options. But a number of moves in the online video market are now taking place, and Aereo's ultimate fate remains unclear. FierceCable and FierceOnlineVideo are following the results of this historic decision.
How much are online video providers spending on original content this year? While Netflix has always been pretty open about the amount of money it's dedicating to its original series, others like Amazon and Hulu are not so forthcoming. We take a look at the billion-dollar bets these providers are making on content.
If you can't beat 'em, join 'em. As we've noted recently, over-the-top providers like Hulu and Netflix are no longer stealing a march on traditional distributors. Broadcasters like CBS, cable operators, channels like A+E Networks and others are finally making multiscreen a bigger priority--as long as the technology fits within their current moneymaking model.
More online video news from across the Web:
> Facebook is pacing Twitter when it comes to social TV. Story
> Twitch got "an incredible amount of feedback," mostly negative, after implementing changes to its terms of service that include muting unlicensed music detected in on-demand videos on the site. Story
> Less than half of Netflix subscribers watch Emmy nominees House of Cards or Orange Is The New Black. Story
> A Denver resident, D.C. Barns, will appear in the upcoming Star Wars movie after winning the Force for Change donation challenge, a video on the Star Wars YouTube channel announced. The challenge raised over $4 million for UNICEF. Video
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IBC, arguably the Continent's biggest broadcasting and media conference, can be a bit dizzying. Going over notes in the wake of a five-day whirlwind of conference sessions, meetings and networking events is a somewhat herculean task. But paging through two notebooks' worth of material revealed a few underlying trends at this year's event.
AMSTERDAM--Content providers, cable companies and distributors trying to figure out where to put their online investment dollars would be wise to invest in content rights and distribution, panelists said at an IBC 2014 session here on managing content portfolios. But to make the right decisions, they need to strike a balance between viewer preferences and maintaining the integrity of their brand.
France-based Bouygues Telecom has signed a deal to make Netflix available on its set-top boxes and to mobile devices beginning in November. The announcement coincided with Netflix's launch into the country, one that the industry is watching closely as the online video provider expands further into a wary European market. FierceWireless:Europe has all the details here.
Subscription video on demand provider Netflix may have intentionally caused slowdowns of its own video stream during its well-publicized disputes with Verizon and Comcast, the director of a conservative technology organization said.
The online video explosion appears, on the surface, to be a great environment for content owners to redistribute older television shows and movies. After all, Netflix built a huge business on licensing existing content, long before it leaped into original series. However, it's not easy being an archive in today's market, according to panelists at an IBC session here.
The personal computer remains the preferred viewing device for over-the-top video worldwide, followed by tablets and smartphones, a new survey conducted by SPB TV reveals. But the television is still holding its own as a home for high-quality "destination" viewing such as sports.
From Our Sister Sites
The Apple iPhone 6 and 6 Plus went on sale today to long lines in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the United Kingdom. The new phones are not officially on sale in China yet, but that is not stopping gray-market electronics dealers from hawking the new phones for hefty premiums.
Over 90 of AT&T's wireless industry partners have come together to jointly make their voice heard at the FCC in protesting the service provider's pending acquisition of DirecTV.


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Dr Pepper/Seven Up's 7UP and Procter & Gamble Co.'s Pringles are teaming up for a summer promotion giving consumers a free 2-liter container of 7UP with the purchase of three 7-ounce canisters of Pringles. A national newspaper free-standing insert drops May 23; a smaller rural FSI also is planned. Separately this summer, 7UP is joining forces with Nokia, giving away 15,000 5100 series portable telephones through a sweepstakes.
Men's Journal debuts as a major sponsor of the 21st annual MountainFilm Festival in Telluride, Colo., May 28-31. The festival features a variety of adventure films and documentaries. Men's Journal will have on-site presence, along with its co-sponsor, BMW Motorcycles.
The Miami Herald is expanding its corporate event marketing business and hired Willie Cone, an executive with parent company Knight-Ridder, to the new post of general manager and executive producer of Herald Events.


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New Canaan Eagle Scout food drive is Saturday, May 14
On Saturday, May 14, Nick White — a New Canaan Eagle Scout candidate with Boy Scout Troop 286 — along with the local postal carriers, will be participating in the “nation’s largest single-day food drive,” sponsored by the U.S. Postal Service, according to a release. The local drive will benefit the New Canaan Food Pantry.
“This particular food drive is very important because what is collected this Saturday, is what will help sustain the NC Food Pantry throughout the summer,” said Maggie Downs-Angus, food pantry coordinator.
“If someone asked me what I was going to do for my Eagle Scout project a year ago, I would have never guessed I would be doing a food drive, but after speaking to Mrs. Downs-Angus about it’s importance to our community, I was sold,” said White. “Maggie made me aware of the importance of a food drive and now looking back I have no regrets with my choice of organizing this project.”
The items which the food pantry needs include laundry detergent, canned chicken/tuna, pasta sauce, juice boxes/ bottled juice, canned food/fruit, crackers, side dishes (rice, mashed potatoes) and large snack bags (pretzels, chips).
All residents need to do to contribute is place their non-perishable food next to their mailbox before their letter carrier delivers their mail. The carriers will bring the food items to the Church of Jesus Christ of Latter Day Saints at 682 South Avenue in New Canaan, where White and his crew of volunteers will sort the food and then deliver it to the New Canaan Food Pantry.
If you are unable to put food items out for the mail carrier, they can be dropped off directly at the church between 1 to 5 p.m.


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Since founding his eponymous hedge fund in 2001, Dmitry Balyasny has earned a reputation as a risk taker. He chair’s Balyasny Asset Management’s (BAM) investment committee, and oversees the delivery of consistent, alpha-driven returns. In its Q3 13F filing, BAM reported over $14.5 billion in managed securities – and had made some interesting moves in the semiconductor industry. Interesting because Balyasny has built his strategy on outperforming the broader market indexes, but the chip stocks have underperformed of late. The question raised is, does BAM see something the rest of us do not?
We used TipRanks databases to get an idea. The three chip stocks in which BAM invested heavily during the last quarter are AMD, Micron, and Nvidia. All three lost heavily in 2H18, saw volatility in 1H19, and have only recently begun to regain their losses and see share prices stabilize. The TipRanks data can show what the analysts think of these stocks. As we’ll see below, when we look at the analyst reports in detail, all three companies were hit by common factors in varying combinations. The results, for them and by extension the broader chip industry, are not pretty, but may also explain what Balyasny saw, and why he moved $100 million into semiconductors last quarter.
Advanced Micro Devices (AMD)
At $6.5 billion in annual revenue, AMD is a mid-size player in the chip industry, but it does rival sector leader Intel in the production of x86 chips, and with Nvidia (below) shares dominance of the GPU market.
Like the rest of the chip industry, AMD was hit hard by the intensification of US-China trade pressures. The ‘trade war’ hurt the company – and its peers – both at importation of raw materials and the export of finished products from and to China.
The company may be past its China troubles, however, as it has just reported its best quarter since 2005. Q3 2019 showed $1.8 billion in revenue, up 8.8% year-over-year and an even more impressive 17.5% sequentially. Gross margin, at 43%, was the best result since 2012, and net income for the quarter reached $120 million. EPS, at 11 cents, was 22% improved from Q3 2018. This quarter showed increased volume and average sales price for the new Ryzen desktop processor, and was a successful full first quarter of sales for the new 7nm Zen 2. Overall, the company’s computing and graphics segment was up 79% year-over-year.
Balyasny’s fund picked up 885,255 shares of AMD in Q3 for ~$25.7 million. Those shares are now worth more than $34 million.
Hedge funds, however, invest for the long haul, so let’s check in with the analysts to see what AMD’s prospects are like. Here, things get a little cloudier.
Ross Seymore, 5-star analyst with Deutsche Bank, looks at the company’s current situation and writes, “We remain impressed by the magnitude of growth and share gains AMD in delivering within its PC CPU business and early traction within 7nm Server CPUs. However, we fear that AMD’s share gain assumptions in each of these markets for 4Q19 and 2020 appear to largely ignore competitive responses from peers, nor do they consider the normalization of CPU shortages.” Seymore believes that AMD’s recent success has pushed the stock above its sustainable price. He puts a Hold on AMD, with a price target of $29, suggesting a serious downside of 24%. (To watch Seymore’s track record, click here)
According to TipRanks, the consensus on Wall Street is that AMD stock is a “moderate buy” for investors. But TipRanks might as well have said “sell” — because analysts, on average, think the stock, currently at $40.37, could fall about 9% to $36.68. (See AMD stock analysis on TipRanks)
Micron Technology (MU)
Micron took a heavy hit in late September after reporting mixed Q4 results. Fiscal 2018 revenue came in at $31.8 billion, with net profits of $5.09 billion. Shares slumped on worries about NAND and DRAM growth forward, especially as the company lowered its forward guidance. Micron expects that flat demand to improve by year’s end and going into 2020, however, and predicts gaining market share in non-volatile memory and SSD sales. Any gain in market share, however, will likely come in a smaller market unless demand improves.
MU was upbeat about the prospects for 5G chips in the automotive AI market. Micron’s graphics processors are popular in AI applications, and is poised to take advantage of increased demand as automakers make headway in autonomous vehicles – with concomitant demand for high-end chips in AI systems.
Balyasny made his largest chip-stock maneuver with MU, adding over 900,000 shares to his fund’s existing holding. BAM now holds 1,056,939 shares of MU, with a current market value exceeding $50 million. This is an 11% increase from when the firm bought the shares. Again, BAM’s move on MU has been justified in the short term, but Wall Street analysts see longer-term clouds on the stock.
Piper Jaffray analyst Harsh Kumar took issue with Micron’s upbeat outlook on future chip market conditions in his recent review of MU. He wrote, in setting a Hold on the stocks, “Despite the company calling for a better demand environment in the second half of the year, we believe market oversupply will continue to act as a headwind to significant pricing growth. In addition, we view the company’s gross margin guidance as concerning, particularly in the uncertain macro and geopolitical environment. In our view, we see earnings below $1 on a quarterly basis over the next several quarters.” (To watch Kumar’s track record, click here)
Kumar’s 46 price target on MU is a bit bearish, suggesting a downside of 3.5%. He is more pessimistic on the stock than his peers on Wall Street, however. The consensus rating on MU is a Moderate Buy, based on 16 Buy ratings, 8 Holds, and 2 Sells. The average price target is $55.26, indicating room for a 17% upside from current levels. (See Micron stock analysis on TipRanks)
At $12.9 billion in sales for fiscal 2018, Nvidia stood as the tenth largest semiconductor company in the world. The company focuses on GPUs for professional and gaming markets, in which it competes directly with AMD above. Nvidia is moving into the mobile computing niche, and like AMD, markets its chips to the automotive AI markets. The company’s products also have a strong presence in data centers.
In its recent Q3 2020 report, NVDA showed revenue down 5% from the year-ago quarter, a reflection of the industry’s headwinds, but also beat the forecasts on both revenues and earnings. In better news, the company’s revised Q4 guidance was up 34%. Analysts, however, had expected a higher revision, and NVDA share slipped $5 after the report.
NVDA is up 52% year-to-date, and has been performing strongly since June. The shares were gaining when Balyasny’s firm increased its initial holding by 167,259 shares. That purchase brought the full holding up to 172,759 shares, now worth over $35 million – a gain of $5 million since the initial purchase. Once again, BAM made a chip move that brought short-term profits.
Not all of Wall Street’s analysts, however, are so sure about the chip stock. Writing from Needham just last week, 5-star analyst Rajvindra Gill says, “Although we are encouraged by increased hyperscaler visibility and strength coupled with strong gaming sales, we remain cautious regarding the competitive dynamics in the data center market, specifically in the training segment… we maintain our underperform.” Gill declined to set a specific price target with his Sell rating. (To watch Gill’s track record, click here)
Nvidia still has a Moderate Buy consensus rating, based on 29 recent reviews. The reviews include 21 Buys, 6 Holds, and 2 Sells. Shares are selling at a premium price of $204, and the average price target of $228 suggests an upside of 11%. (See Nvidia stock analysis on TipRanks)


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Well, that was an interesting year. Was it really the year of Web 2.0 and 'community generated content'? (as suggested by the BBC) Or, as I would suggest, it was more a case of the media finally figuring out what has always made the Internet more interesting than just the news sites... the long tail that's been there ever since people have had their own spaces on bulletin boards, their homepages, or news group communities.
YouTube, facebook, MySpace and the rest are simply higher bandwidth, better publicised, better financed and more widely used versions of the things the Internet has thrived on since it's inception in the early seventies.
After 30 years, it's about time the conventional media finally figured this out, but you know journalists. As soon as you read a news report about something you actually know about (through expertise or personal involvement), you see countless glaring errors. Makes you wonder about the rest of the news they report!


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Stealing stolen merchandise is one thing but selling those stolen items out of the same company’s parking lot is another. A man has been accused of stealing televisions from Walmart only to sell them in the parking lot of the store for a fraction of the price. Sounds like an optimistic business model.
Officers responded to a Walmart in Knoxville, Tennessee, where they found Donald Kirkland in possession of stolen items from the store. Although Kirkland attempted to run away from the police, officers were able to detain him and take him into custody.
Kirkland admitted to stealing three televisions from the Walmart in question, as well as a karaoke machine and camping equipment. He was selling the items in the parking lot to people for a cheaper price than what the store was offering.
A Walmart manager confirmed the story to be true. He told officers that he saw Kirkland loading one of the televisions into a cart in the store. Kirkland was charged with theft of merchandise.


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Posted on October 14, 2015
By Kaveel Singh, AllAfrica
The Durban Harbour will undergo major maintenance to its docking sites to handle its increasing traffic of megaships, the Transnet National Port Authority has said.
With massive ships now entering Durban Harbour, the ports authority said ongoing efforts had been made to address “shallow spots”.
In a statement, Durban Port Manager Moshe Motlohi said: “The vessels calling at our ports have gotten bigger and therefore require deeper draughts. But they also cause challenges for ports because of the manner in which they more aggressively displace material from the sea bed, thus causing shallow spots.
“Shallower berths can cut into the vessel payloads of ship owners because it means they cannot sail into the port with their vessels fully laden and have to wait for high tide to sail or berth.”
READ FULL ARTICLE HERE


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Business Pulse is the bi-weekly publication of the Whatcom Business Alliance, a growing membership organization comprised of businesses and public entities across all business sectors in Whatcom County. WBA promotes a positive business climate to facilitate business success, and strives to create a strong network of leaders within the county. Each year, WBA/Business Pulse reaches out to local member businesses to poll them based on their revenue from the previous year.
“It was a blowout year for the companies featured in our annual ranking of Whatcom County’s largest private companies. Together, those on this year’s list generated almost $4 billion in sales — despite rising inflation, the ongoing supply chain crisis, and the second year of the COVID-19 pandemic.”
Hiring is also top of mind for these innovators in the coming months. 97% of this year’s respondents said they will be hiring for jobs at all levels in all industries.”
Birch Equipment ranks 41 on the list of 100 businesses, cementing its place as a consistent top performer among locally owned businesses.
View the entire list here:
Annual TOP 100 Private Companies in Whatcom County


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Total Property -
The commercial and industrial real estate environment is responding to market signals and corners will be turned this year.
With annual inflation falling to 4.7 percent in the last quarter of 2023 – the smallest annual rise in the consumer price index (CPI) in over two years – and wholesale interest rates inching south, Bayleys commercial and industrial business line leaders are upbeat about the year ahead.
We check in across the sectors for a take on what’s to come.
NATIONAL DIRECTOR COMMERCIAL AND INDUSTRIAL
Despite witnessing a 31-year trough in 2023 – with the lowest number of commercial and industrial sales transacted since the 1990s according to CoreLogic’s national agency dashboard – Bayleys sales picked up month-on-month as the year progressed with December 2023 our biggest month all year.
Our sales data is a good reflection of the general market due to the sheer number of deals we do and I expect to see an increase in sales volumes and values as vendors make the decision to proceed in 2024.
It’s going to get better – it has to – and this is supported by cyclical trends. Historically, in years where there was more than a 20-percent drop in sales volumes, the market recovery was seen around one to three years later.
Wholesale interest rates are dropping, and market interest rates will drop, too, albeit not as much as our vendors would like and I expect to see some market repricing across all commercial and industrial segments.
The real cost of debt is sitting at around 8.5 percent while we’re seeing yields of six to eight percent which doesn’t stack up, and even if interest rates drop by 100-150 basis points, that cost of debt-yield spread will remain sticky. Scraping by will not be a feasible strategy for many commercial and industrial asset owners as banks re-examine debt servicing, interest times cover and loan-to-value ratios.
Leasing is going off the charts with the top three concerns for occupiers being property of the right quality, the right scale and the right location.
From a total returns perspective, cap rates have softened while rents have held and looking ahead, I suspect we will see some tapering off of rental growth across all sectors, particularly secondary sectors with net effective rents becoming more subdued.
On the landlord side, a reluctance to refurbish has created a growing divide between premium and secondary-grade vacancies and rents.
Landlords that can offer practical solutions for occupiers – including incentives – are doing well, while those owners not prepared to put the work in will struggle with occupancy and cash flow.
With the new National-led coalition government still thrashing out policy, there are changes to come.
I expect the build-to-rent sector to scale up significantly, the purpose-built tertiary student accommodation segment of the market to reignite, and the removal of depreciation deductions as an expense on commercial buildings to have an impact on landlords.
NATIONAL DIRECTOR INDUSTRIAL
After a couple of relatively subdued years following off the back of fairly frenetic activity during the height of the pandemic, I’d expect to see some levelling out of the industrial investment market in the next three to six months.
Although consumer spend is dampened, unemployment is ratcheting up, yields have softened and there are signs that rental growth may slow this year – the industrial sector won’t go backwards.
Inventory is still tight on both the sales and leasing sides of the coin, with occupiers still actively scoping out space in key locations.
With pandemic supply chain issues now largely resolved, demand for “just-in-case” space has tapered but New Zealand, and in particular Auckland, still needs more industrial footprint – especially warehousing and logistics capacity.
The migration story is a positive for the industrial market. Solid net migration growth will enhance New Zealand’s appeal for global industrial property investment and will help provide confidence to the development sector which has been cautious.
We’ll need 600,000-700,000sqm of new space per year if migration continues on its current trajectory, with the bulk of this naturally in Auckland, but spilling over into the regions.
The development pipeline has all but stalled but we have to see developers come back into the market one way or another. Steel and concrete costs have come back off recent highs, and there’s definitely opportunistic growth to be unlocked to increase the current industrial space in the market.
Nationwide infrastructural efficiencies are still required to make the industrial sector really hum. Significant pieces of the infrastructure puzzle still need to be addressed before developers click back into gear, and the undersupply of live industrial-zoned land will continue to be a handbrake in coming years.
NATIONAL DIRECTOR HOTELS, TOURISM AND LEISURE (HTL)
With occupancy levels trending back to 2019 levels, the return of corporate/conference and tour group business, and encouraging international visitor numbers, 2024 is looking promising for the HTL sector.
Because the accommodation industry is quite small in New Zealand relative to international levels, there is always limited opportunity to purchase quality stock. This is especially so in the hotel sector as evidenced by the fact that there was only one on-market hotel sale nationwide last year, with Bayleys selling Nugget Point Hotel, Queenstown.
There’s good appetite from local and offshore investors for larger hotel assets, while freehold going concern (FHGC) assets in the sub-$15 million bracket are also in demand – largely from local buyers.
Lending is still tricky across the board, with mainstream banks particularly hard on the accommodation market with their seemingly fickle policies, although we are seeing some lenders coming back into the space having been absent from it for a year or so.
It’s certainly easier to get funding for the larger transactions since those in a position to purchase have a good asset base and reasonable cash reserves.
Purchasers for HTL assets are generally very clear on the sort of stock they will consider, rather than looking merely for any opportunity. For example, people looking for a FHGC in Taupō won’t generally buy a lease (business only) just because it's good value.
Sustainability and corporate responsibility remain high on buyer, customer, and lender agendas, however, something we also need to pay more attention to is New Zealand’s ageing room inventory across the motel and hotel market segments.
This is particularly evident where a lessee simply doesn’t have the cash reserves to undertake a full refurbishment, and with the cost of living impacting customers’ decisions about how they spend discretionary dollars, it’s the domestic tourism market that will vote with its feet.
To end on a positive note, the demand for accommodation assets remains high whether it’s a $600,000 business or an international hotel. There is capability from well-resourced New Zealand residents to buy even the largest hotel in the country, so it’s about securing the asset for sale.


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Below is the deck used during a masterclass on monetizing VR over Digital and OTT platforms at the recent OTTVsummit in Mumbai, India.
Click to download. (approx 6.5mb)
Picture from the OttvSummit 2017
(Note: Videos are mildly NSFW. Those without VR headsets can choose the anaglyph option and use red-cyan glasses)
“The proof is in the pudding,” to quote a more palatable one, than the overused; “Content is King”.
After an earlier article I’d written: “Insta-ROI and Cinematic VR,” I got a few emails from producers asking to explain more. One of them has accepted there’s no free lunch, and so I’ve scored a consultation gig.
However, it’s nice to have free pudding, so have a look at the video above – A test scene from the planned “Dirrogate:DeepVR” film and then, see a re-framed [...]
Samsung’s Gear VR – The Perfect “Second Screen” to Broadcast TV?
The announcement of Samsung’s Gear VR opens up a whole new avenue that even Samsung may not have thought of yet – It’s a perfect second-screen for Broadcast Television and an OTT (over the top) content distribution platform. We aren’t talking on-demand OTT here, no! this device might be the perfect companion to ‘expand’ the TV canvas into a full 360 experience.
Typical scenarios could include:The News in 360


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Profit warning issued
- Nanofilm issued a profit warning today. It expects 1H23F revenue to decline by 34% yoy to S$73.0m.
- Nanofilm also expects a 1H23F net loss of S$8.0m due to weak customer demand and ongoing expansion costs for new growth initiatives.
- Nanofilm expects 2H23F revenue to be better than 1H23F’s. The company also expects to remain profitable for FY23F.
- The company has also deferred its previous FY25F revenue/net profit targets and said it will provide an update when there is better visibility.
- 1H23F results will be released on 10 Aug 2023. Reiterate Reduce.
Nanofilm: 1H23F loss expected to be S$8.0m
? Nanofilm Technologies Int’l has issued a profit warning this evening (10 Jul 2023), anticipating that its 1H23F revenue could decline by c.34% yoy to S$73.0m, while its net loss for the first half of the year could be S$8.0m.
? Nanofilm attributed the weak 1H23F financial performance to: a) slower-than-expected recovery in end-consumer sentiment linked to macro challenges arising from inflationary pressures, higher interest rates and ongoing geopolitical tensions, which reduced consumer discretionary spending and impacted demand, b) weaker-than-expected post-reopening recovery in China in 1H23F, c) reductions in capital expenditure by customers due to more cautious market sentiment, which had impacted the group’s Industrial Equipment Business Unit (IEBU), and d) increased operating expenses as the group invested in long-term business initiatives to drive future growth, including costs related to new facility set-ups in Zigong and Huizhou in China, ongoing business building expenses related to Sydrogen, and higher depreciation expenses from capex in its new production facilities.
? To mitigate the impact of the challenging business environment, Nanofilm has implemented cost reduction measures.
? Nanofilm expects 2H23F revenue to be higher than 1H23F’s and for the full year FY23F to remain profitable.
? Nanofilm also highlighted that the key risks to its 2H23F financial performance were: a) worsening global inflation and the possibility of a global recession, b) further escalation of geopolitical tensions between the US and China, c) worsening of consumer demand, d) customers continuing to tighten capex spend (for its IEBU), and e) re-emergence of a global pandemic that could affect the supply chain.
? Given the challenging and unpredictable business environment, Nanofilm has also deferred its previous FY25F revenue/net profit targets of S$500m/S$100m. Nanofilm will provide an update on these targets when it has better visibility.
? The company will release its 1H23F results on 10 Aug 2023.
? In our earlier report on 21 Jun 2023, we raised the possibility of a 1H23F loss for Nanofilm, given the weak economic conditions; we had also reduced our FY25F earnings forecast given the uncertain economic outlook.
? We reiterate our Reduce call on Nanofilm with an unchanged TP of S$1.13, still based on a CY24F P/E of 14.3x (average of its global and Asian peers).
? Upside risks include new order wins from customers, as well as faster operational progress at JVs ApexTech and Sydrogen Energy in FY24F leading to higher net profit contributions, and strong demand upturn from customers.
? Potential de-rating catalysts are high customer concentration, and higher operating costs as it expands into other countries and new businesses.


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L.A.’s apartments are getting the WeWork treatment. New York-based Blueground Co. is renting a growing number of apartment units in popular neighborhoods, remodeling and furnishing them, then subleasing them on flexible terms to short-term tenants.
As of May 17, the company had 97 units in Los Angeles and was planning to add 20 to 25 a month this year. The company also said it’s staffing up locally.
“It’s flexible apartments. It’s a solution for corporate travelers,” said West Coast General Manager Christopher Tin.
Roughly 60% of Blueground users are corporate travelers. Tenants book stays for a minimum of one month, but some keep the subleases for much longer. Tin said on average, tenants stay six months in Blueground units.
The company advertises on its website, Airbnb and other short-term rental platforms.
Most of Blueground’s L.A. units are in downtown, Hollywood, West Hollywood, Marina del Rey and Venice, but Tin said the company is looking to expand in other parts of the city as well.
The group launched in Los Angeles last summer. Blueground said they’re established enough now that some landlords have approached the company directly to offer available units.
The company, founded in 2013, raised $1.3 million in funding from investors in 2016. Subsequent funding rounds included a $6.2 million raise in 2017 and $20 million more in 2018.


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Meghan Markle recently launched her new brand – but she is said to be “regretting” the decision following the news of Kate Middleton battling cancer.
The Princess of Wales shared her cancer diagnosis in a video message last month. Kate admitted her diagnosis following abdominal surgery in January came as a “huge shock”.
Now, Meghan, who recently announced a new business venture – an online shop called American Riviera Orchard – reportedly doesn’t want to be called “heartless” over launching the new brand.
Meghan Markle launches new brand amid Kate Middleton cancer battle
In March, Meghan took the world by surprise when she launched a new lifestyle brand. Currently, the brand’s website and Instagram are both mysteriously empty.
Meghan only shared a brief clip of herself in a kitchen baking and arranging flowers via a Story post earlier in March. But it has recently been claimed that Meghan’s online store will sell all sorts, including fragrances, skin care products, dog grooming products and even chicken feed.
However, it’s been alleged that Meghan “regrets” launching her new brand amid sister-in-law Kate’s cancer news – but the American former actress “has no choice”.
Harry and Meghan ‘knocked for six’ over Kate Middleton cancer
Speaking to Heat, a source claimed how Kate’s cancer news “knocked” Meghan and Harry “for six”. The insider alleged: “They’re both extremely concerned for her wellbeing and wish relations were better, so they could visit.”
The source also claimed that if Meghan had “known the full story” about Kate she would have waited to launch American Riviera Orchard.
Meghan ‘doesn’t want to be called heartless’
“Meghan doesn’t want to be seen as insensitive or overly ambitious when her sister-in-law is in the middle of a crisis,” the insider alleged.
They went on to claim how at the same time, Meghan reportedly “doesn’t want to miss any big opportunities.”
The insider claimed: “She’d really hate to be called heartless, and doesn’t want to be seen as insensitive by going ahead with her plans, but she may not have much choice.”
Entertainment Daily! UK has contacted reps for the Sussexes for comment.
Harry and Meghan reach out to Kate Middleton
When Kate shared her cancer news in a video message, Harry and Meghan sent their well wishes to her. A statement from them read: “We wish health and healing for Kate and the family. And hope they are able to do so privately and in peace.”
Reports then claimed that Harry and Meghan found out about Kate’s diagnosis at the same time as the world. A New York Post source reportedly said: “They had no idea. And only learned of the news around the same time the rest of the world found out.”
Meghan Markle new business
It comes after reports suggest the Duchess is reportedly “losing sleep” over the new business venture amid fears it could be a “disaster”.
“If it works out it’ll be brilliant, but if it doesn’t, she knows full well it’s disaster time. Not just because of all the money and time they’ve poured into it. Their whole brand and reputation is on the line here,” a source claimed to Closer.
“It’s no wonder she’s losing sleep over this and working her fingers to the bone. She’s been saying she can’t let this fail. It’s important for her and Harry’s status in the US.”
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|Tesla Model S|
Tesla Motors Inc. (TSLA) will sell its battery-powered Model S sedan in China from 734,000 Yuan ($121,280), as billionaire founder Elon Musk prepares to test demand for electric vehicles in the world’s largest auto market.
The price for the imported Model S in China, equipped with a premium 85 kilowatt hour battery pack, puts the car in the same bracket there as Volkswagen AG (VOW)’s Audi S5 sedan and Bayerische Motoren Werke AG’s 5-series GT sedan, according to Autohome, a car-pricing website. It’s also 50 percent more expensive than in the U.S., where the equivalent model sells for $81,070, according to Tesla’s statement.
“The price of a Model S in China is the same as the price of a Model S in the U.S., adding only unavoidable taxes, customs duties and transportation costs," the carmaker said in a statement on its website. “If we were to follow standard industry practice, we could get away with charging twice as much for the Model S in China as we do in the U.S."
Foreign companies have come under scrutiny in China for their pricing practices, with state broadcaster China Central Television producing reports accusing companies from Tata Motors Ltd.’s Jaguar Land Rover to Starbucks Corp. of overcharging consumers in the country.
“It’s a good price," John Zeng, Shanghai-based managing director of researcher LMC Automotive, said of Tesla’s Model S. “This should attract premium customers to try this product, especially in big cities."
Tesla fell 0.7 percent to $177.25 at 9:48 a.m. New York time. The stock more than quadrupled last year.
Tesla’s entry is also being closely watched by other automakers that have been trying to convince local consumers that electric vehicles are worth the hassle. China is lagging behind its target to have 5 million alternative energy-powered vehicles by 2020 because of a lack of charging stations and high costs, even amid mounting public concerns over worsening air pollution.
At Tesla’s flagship store in a Beijing mall populated by high-end boutiques such as Van Cleef & Arpels and Mulberry, hotelier Kevin Chen says he’s interested in buying the Model S to bump up his green credentials.
“I heard about the car from my friends overseas and we are very interested in getting one," said Chen, a 28-year-old hotel businessman. “Smog in China is getting so bad that we should do whatever we can to help."
Tesla has received several hundred reservations since it started taking orders in August, Veronica Wu, Tesla China’s vice president, said in an interview in Beijing today. She declined to provide specific figures, saying buyers need to pay a 250,000 Yuan deposit to reserve a car.
“We have very high expectations for the China market," she said. “To a large extent, China will be a growth engine for Tesla in the future." Bloomberg


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Dunkin’ Donuts has combined everyones favorite morning and afternoon snacks into one highly craveable mash-up: donut fries.
The sugary confection is part of Dunkin’s new $2 snack menu, which features Munchkin dippers, waffle breaded chicken tenders, pretzel bites and brownies. However, the menu is currently only available in Boston, MA, Time reported.
“The snacking menu features several new sweet and savory items that pair perfectly with Dunkin’ Donuts’ signature beverages and are ideal for an energizing afternoon break,” a Dunkin’ Donut spokesperson said on Wednesday, the Boston Globe reported.
Despite the limited roll-out, the deep-fried side has already gained a following on social media.
“Donut fries are amazing,” one fan professed on Instagram.
One excited person wrote on Twitter, “DONUT FRIES!!!!!!! Thank you @dunkindonuts - Amazing!”
No word yet on when the new menu will be heading to other markets. For now, you’ll have to travel to Beantown to get your donut fry fix.


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What I learned from the DIgIn Conference
Last May, I attended the DigIn: The Future of Insurance conference in Austin, TX. This conference has become one of the biggest meetings in the US to talk about technology and innovation in the insurance industry. This year it had more than 1,300 attendees, 100+ sponsors and exhibitors, ten tracks and over 200 speakers, with keynote speakers such as Apple’s co-founder Steve Wozniak. The event was focused on digital transformation and innovation of the insurance industry, looking to connect insurance companies, brokers, agents, and traditional vendors with insurtechs and technology companies that are looking to reshape the landscape of the sector.
This year the DigIn: The Future of Insurance conference had: 39% of its attendees with C-level/CEO/VP job titles, meaning that decision-makers were in the meeting, 43% were insurance carriers, 26% solution providers, 13% insurtechs, and 5% investors; all the actors of the insurance ecosystem in the same place.
Technology, innovation, and digital transformation are becoming a trending topic in the industry because carriers, agents, brokers, and customers are seeing the opportunities and advantages that come along with them. In the conference, I saw the current state of the industry and the innovations happening in all markets, from commercial and speciality lines to personal lines and auto. However, the best part was to see where the future of the industry is heading. Using the words of Nathan Golia, “It is an exciting time to be in the insurance industry.”
This article summarizes the key trends and innovations happening right now in the industry, according to the leaders who attended the conference. Also, I am going to highlight companies implementing cutting-edge technology to disrupt the value chain of the insurance industry, from customer acquisition, product development and underwriting, to risk management and claims.
The most important buzz word and probably one of the major trending topics was Digital Transformation. The incumbent companies have been talking about it and trying to implement it in different ways for a while. Digital transformation is becoming more and more relevant for developing competitive advantage, and for the sustainability of the insurance companies in the future. Many companies are working on this space, developing software and tailor-made solutions for automation and streamline processes. In this space, the partnership between Cerity and DuckCreek (link to the demo) is an excellent example of what can be accomplished.
It is important to recognize that traditional carriers and brokers are in a good spot to implement the change because there are many tools available to help them achieve the change, but they need to be wise about their choices. Digital transformation needs to be a part of the corporate strategy because silo approaches create confusion and usually do not get results. Open platforms, APIs and integrations with insurtechs are the way to develop competitive advantages, but companies need to make the cultural shift to adopt an agile business mindset; try it, be ready to fail fast, move on, and find something new to explore. As Natalie Kaschalk said, “there is never a good moment to start a digital transformation effort, but you need to get the right sponsor and start.”
Other key trends were AI, machine learning, and automation, which are becoming game changers in customer acquisition, customer service, and claims fields. Companies like Gamalon, that is developing a technology looking to change the customer service with an AI platform, take the customer experience to a new level by helping companies to make better decisions and identify trends. Another example is Friss, with an AI-powered anti-fraud software that helps companies fight insurance fraud in customer acquisition and claims, allowing carriers to save money and improve customer service. I recently learned that Friss started a partnership with Suramericana in Colombia. Finally, there are chat-bots and virtual assistance with machine learning and AI, such as Insurbot.ai, that are trying to change the way the insurance industry interact with the clients in every step of the customer experience.
The industry is looking for ways to shift from a product-centric to a customer-centric mindset. The product development is changing because companies are now looking for ways to incorporate big data and analytics into their product ideation and creation, as well as into the underwriting process. Customer acquisition and distribution is changing with customized offerings and personalized services that creates an entirely new customer experience.
Finally, Telematics and IOT are gathering data from a customer that was not available before. This information is helping insurance companies create personalized product offerings and proactive service, instead of the traditional reactive approach of paying claims only. We see this change in auto and home insurance. For Example, kangaroo created motion sensor home security systems that is app-based and hub free. The sensor is straightforward to use, and its app has a clear customer experience. With the right partnership of a home insurance policy, this product can create a new customer experience for all homeowners.
DigIn: The Future of Insurance was a great experience to learn about innovations and good practices. Also, the encounter allowed me to see the bright future of the industry and all the exciting things that are about to happen. To conclude, I would like to give my kudos to Voom, and its founder Tomer Kashi, for developing what they described as the world’s first on-demand, usage-based insurance solution for Specialized Mobility. This company is a great example of where the industry is moving, solving new challenges of the new economy.


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By Nick Sorensen, CEO of Whistic, Inc.
It is no secret that the number of third party security incidents is increasing year by year. Last year SolarWinds started with the breach, ended with Log4j, and was marked in the news of one or the other breach virtually every day.
A recent study by Whistic found that nearly half of all businesses surveyed have experienced data breaches in the last three years, with more than 80% caused by third-party vendors. Cleaning up after a breach can be costly and not just from a financial standpoint (অনুযায়ী 4.24M / event according to IBM), But the damage it does to your brand and customer confidence is often irreparable.
With that potential threat, cyber security leaders now have to pass a security review before most vendors can bring them into their environment. Despite this knowledge, most parties often close the security review until the end of the sales cycle, which could push the deals to the next quarter or in some cases lose their contract directly because they did not respond quickly enough. . In fact, accordingly Seller Safety Report State90% of sales representatives say they have at least one deal push every quarter because they can’t respond to security reviews in a timely manner.
In the past, the vendor evaluation process has been difficult for both the seller and the customer. Until recently, the primary tools for managing vendor evaluations were spreadsheets and emails, which made it difficult to keep track of where vendors were processing and ensure that each evaluation was completed, especially considering the amount of vendors evaluating each month.
As a result, customer-seller relationships were often unfavorable rather than cooperative. It was almost like pulling customers’ teeth to track all the information needed to start the assessment and it would only get worse when they started to engage directly with the seller.
However, with the advancement of technology in recent years those relationships have begun to improve and clients are beginning to see their vendors as partners when it comes to security, which should have always been the case.
It is in this environment that Whiskey has teamed up with other top tech vendors including Octa, Airbnb, Gendesk, Asana, Atlasian, Snap, Notation, TripAction and G2 to form the first security initiative aimed at creating transparency among vendors. Customer expectations rather than exceptions. The reason is that transparency leads to trust, which ultimately leads to better protection against third party incidents for everyone involved.
In short, the vision of the enterprise is: the future of vendor security must be built on the basis of collaboration …[It’s] The only way to meet the needs of both buyers and sellers in the ecosystem. This is the most effective way to create transparency in the seller’s security expectations and when that happens, everyone wins.
Sharing security profiles makes it easier for vendors to share all their security documentation, standard query responses, certifications and audits with security profiles, ensuring that companies have no excuse not to share their security information as soon as possible during the sales cycle. Taking the extra time to create a profile before asking your customers can save countless hours that Infosec and Cybersecurity teams spend on responding once and responding to a one-off request.
An added benefit for sellers is that a transparent security stance can be a distinguishing factor between you and your competition that ultimately leads you to close more businesses. According to 2021 State of Trust and Transparency, 90% of respondents indicated that when a company discloses information about their security and compliance, it increases their confidence in that business. In addition, 96% of respondents said they were more likely to buy from a transparent vendor about security poses.
If you would like to join the Security First Initiative or want more information, you can read more about the initiative. Here.
About the author
Nick Sorensen is the CEO of Whistic, Inc., a network that evaluates, publishes and shares vendor security information. The Whiskey Vendor Security Network enables businesses to access and evaluate a vendor’s whiskey profile and build trusted connections that last beyond the initial evaluation.
Notice of fair use: Under the “fair use” law, other authors may restrict the use of the original author’s work without permission. 17 In accordance with US Code § 107, certain use of copyrighted material “for the purposes of criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not a copyright infringement.” As a matter of principle, fair use is based on the belief that parts of copyrighted material are free to be used for the purpose of public comment and criticism. The privilege of fair use is perhaps the most significant limitation of the exclusive rights of copyright owners. Cyber Defense Media Group is a news reporting company that reports cyber news, events, information and much more on our website Cyber Defense Magazine at no charge. All images and reporting are done exclusively under the fair use of US copyright law.


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A store in Southern California is putting a new twist on a favorite shopping concept for bargain hunters.
From the outside, the Deseret Industries store in Fontana looks like a many mid-range department stores. But Deseret Industries is actually a huge thrift store teeming with high- quality second-hand furniture, household goods, clothing and much more.
One customer even called it the “Disneyland of thrift stores.”
While there are many bargains and hidden treasures to be found, Deseret Industries is also a place where lives are transformed through valuable work experience and job training for those struggling to find a career.
The Fontana store is marking its one-year anniversary this week with a big celebration. Between now and June 22nd, anyone who donates items to the store will receive ten percent off their next purchase.
You’ll also get the satisfaction of knowing that your donation is helping to improve the community.


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OnePlus One, the flagship killer smartphone will go on sale on Amazon.in without Invitation tomorrow (March 24, 2015). The event is open for limited time till the stock lasts.
Last open sale was seen back on February 10th which was a huge hit. Tomorrow’s sale will allow fans to buy the 16GB Silk white version and 64GB Sandstone Black variant without an invite. Interested people will have to hurry thou due to the limited stocks.
This OnePlus One open sale will start from 10AM IST on Tuesday.


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GameStop's chief executive remains bullish on the future of physical format video games, telling Fortune in an interview that "disc-based games will be around forever."
Though an analyst projects digital revenue, worldwide, accounting for about 1/8th of an $82 billion market, Paul Raines feels the steep declines seen in sales of physical format music and movies will not be repeated in video games.
"I see a complimentary business where we sell discs plus download like the current console mode," Raines said, adding that virtual reality "will also likely follow this model."
That said, GameStop has taken steps to protect its interests in the push-pull of physical-versus-digital sales. Last month it refused to carry an Xbox One console bundle that contained a download code for Madden NFL 16. Instead, GameStop insisted on — and was given — a modified bundle deal that allowed them to sell the new console at the bundle price while including a free copy of that game.
Digital sales, of course, cut into a big portion of GameStop's business — the sale of used games — because there's nothing to trade in and therefore nothing to buy used. Used sales account for about a quarter of GameStop's revenue, and Raines thinks this will rise as more gamers make the transition to current-generation consoles and more used games enter the stream.
As for digital business, GameStop doesn't eschew it altogether — doing about $1 billion in sales of codes, gift cards and the like. That's more than a 40 percent share of the downloadable games market.
In June, GameStop beat out Hot Topic to acquire the novelty retailer ThinkGeek, further diversifying its offerings and revenues.


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Facebook is rolling out an update to allow users to more easily view their friends’ posts chronologically, in an attempt to keep people coming back amid intense competition with younger rival TikTok.
Facebook gives users new way to see all their friends’ posts
Facebook is rolling out an update that enables its 2 billion daily users to more easily view their friends’ posts in chronological order.
The new feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok.
The changes announced on Thursday will offer two different perspectives. When Facebook users open the app, they will initially see the usual news feed featuring posts selected by an algorithm that the company says is designed to highlight topics and friends most likely to appeal to each individual’s tastes and interests.
The main feed on the newly dubbed Home section will also include an option to look at short videos called Reels – Facebook’s clone of TikTok.


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Honda is expanding its recall of vehicles with Takata airbags to all 50 states. Take a look at the biggest auto recalls in history.
Honda said Wednesday it will expand a recall of cars with Takata driver's side air bags to all 50 states following demands by federal regulators. The National Highway Safety Administration had ordered Takata to recall driver side airbags nationwide, rather than only in states with high humidity, which was the initial focus of an investigation into exploding airbags. Take a look at the biggest auto recalls in history:
The following five celebrity urban legends will likely live on long into the future, despite the fact that none of them is remotely true.
Kevin C. Cox/Getty Images
With Katy Perry set to headline the halftime show at Super Bowl XLIX, check out who has performed at past Super Bowls.


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The UK-based digital asset manager CoinShares advocated the launch of a new Litecoin ETP (Exchange-traded product). As per the April 6 announcement, CoinShares has introduced its CoinShares Physical Litecoin. CoinShares will list the ticker symbol LITE. 0.20 Litecoins will back each unit of the ETP at the launch. Additionally, LITE will trade against the U.S. dollar as the base currency. Moreover, this will offer investors passive exposure to the Litecoin network’s native asset. It will initially list on Switzerland’s regulated crypto exchange SWISS SIX exchange with a fee of 1.50%.
The CoinShares Physical Litecoin is the third crypto ETP product launched in 2021 on CoinShares’ institutional-grade ETP platform, CoinShares Physical. After debuting physically-backed Bitcoin ETP on the platform in January, CoinShares introduced a similar product for Ether (ETH) in February. As per the announcement, CoinShares recently has approximately $4 billion in AUM, with Bitcoin estimating for over 60%. Moreover, CoinShares Chief Revenue Officer, Frank Spiteri, illustrated that LITE is the next step to introduce a comprehensive and diversified offering of ETPs to the market.
Coinshares to Launch Bitcoin ETF in Collaboration with 3iQ
CoinShares is a significant European crypto-based financial services provider. Aside from Litecoin, it also operates investment instruments supported by Bitcoin and Ethereum. Also, CoinShares declared that it had allied with the 3iQ, a Canadian digital asset management firm. 3iQ CoinShares Bitcoin ETF will be listed on the Toronto Stock Exchange, subject to the listing requirements’ satisfaction. Moreover, 3iQ CoinShares Bitcoin ETF will trade under the ticker BTCQ.
Moreover, the crypto ETP industry has witnessed some rapid development in Europe. In March, Deutsche Borse’s electronic trading platform Xetra announced its first Ether-backed ETPs by European ETP issuers such as ETC Group and 21Shares. In February, 21Shares introduced the world’s first Polkadot ETP on the Swiss SIX exchange. It tracks five significant cryptos like Bitcoin and Ether. Moreover, it added the new ETP after adding Polkadot to 21Shares’ major ETP product Crypto Basket ETP (HODL) on January 29. It tracks five major cryptos, whereas HODL has removed Bitcoin Cash and is now listing Polkadot as the second-largest component after Bitcoin.
Follow BitcoinWorld for the latest updates.


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A boutique wig shop in Midwood has grown into a titan of the hairpiece industry in recent years — fitting fake hair atop the heads of prominent celebrities, and becoming the number one supplier of European-style human hairpieces worldwide, said its owner.
“We’ve seen an increase of about twenty percent, twenty-five percent a year,” said Shevy Emanuel, the owner of Shevy Wigs. “Once upon a time if you were wearing a wig you were embarrassed, today it’s a fashion statement.”
The wig industry is seeing more growth than ever before, with some analysts expecting revenues to top $10 Billion in sales by 2023.
Wig customers come from all walks of life, including women suffering from hair loss, cancer patients going through chemotherapy, and Orthodox Jewish women who are required to keep their hair covered.
But Emanuel, who opened her Midwood storefront 25 years ago, attributes the industry’s massive growth to the increasing number of young women purchasing wigs as a fashion statement — a popular trend led by celebrities such as Katy Perry and Cardi B, who often sport colorful hairpieces, according to one industry expert.
“While the obvious benefit of a wig for older women is appearing younger, a wig can also give wearers a bold, signature style that many of their younger colleagues may also be rocking,” said Lisa Feierstein, Senior Trend Strategist at TrendWatching.
But Emanuel’s wigs don’t come cheap — products at the boutique wig shop start at $2,500, and can cost as much as $8,000 for a custom made wig.
With prices like those, a Shevy Wigs hairpiece is a substantial investment — but an increasingly popular option for women in powerful positions in business, politics, and entertainment, who have sought out wigs from Shevy’s in recent years.
To accommodate the often sensitive nature of the wig-buying process, Emanuel constructed a private room with a side entrance — giving women all the privacy they need.
“I have some celebrities who come in and they don’t want to be seen so we really feel like a private room is a great place for them to feel comfortable,” said Emanuel.
Emanuel, a wig–wearer herself, said she understands the desire for secrecy and designs some of her wigs to be so realistic it would be impossible to tell they’re not the wearer’s natural hair.
“Wigs have become so natural,” she said. “You can’t even detect if you’re wearing a wig.”


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It seems showing a film of Gareth Pugh's spring presentation, as opposed to a traditional live-action runway, still meant starting the requisite half hour late. That said, the once-nutty designer turned out some serious precision tailoring with a futuristic vibe.
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Model Minute: Kenya Kinski Jones is the New Face of Calvin Klein Jeans
The 22-year-old Ford Model, and daughter of Quincy Jones, talks career goals and the state of social media.


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The tablet Samsung Galaxy Tab S runs out of Marshmallow
it is very close to Android Nougat is present and, even so, yet known of terminals that are receiving or will receive soon Marshmallow . In these times it seems that some manufacturers are putting the batteries in this aspect, which especially benefits users.
Unfortunately, this time we will talk about a terminal that will not receive Marshmallow: the tablet Samsung Galaxy Tab S , either version 8.4 inches or 10.5 inches. Both tablets hit the market about two years ago, and last year have received their update to Lollipop
It is expected that this year, especially during the current quarter, both tablets of the Korean manufacturer to receive Android 6.0, especially considering that rumors of this model leaked in a Marshmallow running applications benchmarks .However, Samsung Netherlands has confirmed in its account Facebook there will be no Marshmallow for the Galaxy Tab S .
If you expect forward to receiving this update and demoralized you know that not officially be always can go to the community development, where surely there any ROM based Marshmallow or a series of MODs that bring you to experience that for a short time is the version of Android latest
Via. | Phone Arena Engadget Android | Una new Samsung tablet passes FCC, are you, Tab Galaxy S3
The news The tablet Samsung Galaxy Tab S runs out Marshmallow was originally published in Engadget Android by Santiago Luque .


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Led by Lightspeed, the round also saw participation from US-based venture funds FJ Labs and Panthera Peak Capital
The startup will use the funds to strengthen its tech platform and hire across multiple verticals
Zyod competes with the likes of homegrown startups such as Fashinza, Groyyo, ReshaMandi and Geniemode in the B2B apparel procurement space
B2B apparel sourcing and manufacturing platform Zyod has raised $3.5 Mn (INR 28.75 Cr) in a seed funding round led by venture capital (VC) firm Lightspeed.
The round also saw participation from US-based venture funds FJ Labs and Panthera Peak Capital, along with angel investors such as Tracxn cofounder Abhishek Goyal, and Abhinav Sinha of OYO, among others.
Speaking to Inc42, Zyod’s cofounder Ankit Jaipuria said that the startup will use the funds to further strengthen its tech platfor


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Some good news for folks in Orillia and the local agriculture scene, too. The Orillia Farmers’ Market is reopening.
Starting this Saturday (July 25) and every Saturday throughout the summer the market will be open to patrons from 8 a.m. to 12:30 p.m. It will be held at the Orillia Public Library parking lot at the corner of Mississauga and West Streets. There will be enhanced safety and cleaning measures in place.
“We are thrilled to reopen the Orillia Farmers’ Market in Downtown Orillia and work with our local vendors to provide the outdoor market experience again,” said Mayor Steve Clarke. “After a hiatus because of COVID-19, the return of our historic farmers’ market is something worth celebrating. New health and safety protocols will be in place to create a safe market experience for vendors and patrons as we continue to reopen amenities as part of the Province’s Stage 3 framework.”
Organizers of the market are asking that there be no more than two shoppers per household at the market and that everyone wears a mask. Once inside the market, traffic moves one way, with sanitation stations available throughout. Patrons are asked to keep a safe minimum distance from others.


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For more information visit: www.panasonic.com
Unedited press release follows:
Panasonic Effect of Earthquake in the Tohoku Region on Business Operations
Osaka, Japan, March 14, 2011 – Panasonic Corporation ([NYSE:PC/TSE:6752] “Panasonic”) extends its condolences to everyone who has been affected by the major earthquake in the Tohoku region of Japan on March 11, 2011. The effects to our group as of today are as follows.
1. Damage to Panasonic Group (as of March 14, 2011, 11:00 a.m. JST)
(1) Damage to personnel
Some minor injuries to the employees are reported in our group companies, including AVC Networks Company Fukushima Factory (manufacturing digital cameras), AVC Networks Company Sendai Factory (manufacturing optical pickups), Panasonic Electric Works Co., Ltd. Koriyama Factory (manufacturing electronic materials), SANYO Electric Co., Ltd. Gunma Factory (manufacturing washer/dryers etc). We are currently continuing to gather safety information of our personnel.
(2) Damage to equipment and buildings
Any major fire and collapse of buildings are not reported.
(3) Damage to our production
We are suspending operations in the factory affected by the earthquake and continuing to evaluate further details of the damage.
2. Forecast of effect by the damage to our business performances
The damage caused by the earthquake is uncertain at the moment. An announcement will be made promptly if a significant impact on Panasonic’s consolidated financial outlook for fiscal 2011 is foreseen.