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Lyft, one of the major players in the ride-sharing industry, has been facing tough times, with an eroding market share, a sliding stock price, a downturn in ridership due to the COVID-19 pandemic, rising costs, and low employee morale. However, under the leadership of new CEO David Risher, the company is making bold moves to revive its fortunes.
Lyft’s CEO, David Risher, took the reins of the floundering ride-sharing company in April 2023. One of the key strategies Risher is pursuing is exploring strategic alternatives for Lyft’s bikes division. Lyft was exploring strategic alternatives for its bike-rental operation, which it had acquired in 2018.
Lyft is looking to sell its bike fleet or forge a partnership with an investor that will give the division a cash infusion https://t.co/mFgwkPD9mB
— WSJ Business News (@WSJbusiness) July 24, 2023
The company is considering selling its fleet or forming a partnership with an investor to infuse cash into the division. The goal is to continue listing the two-wheelers on the Lyft app, ensuring minimal disruptions for riders. While Lyft’s bike-rental operation has been popular in several cities, maintaining the fleet has proven to be expensive and a distraction from the company’s core business.
Market-Share Gains and Cost Savings
Since taking over as CEO, Risher has implemented various measures that seem to be paying off. According to The Wall Street Journal, the CEO has cut off over 1000 jobs since he took over the company. These recent layoffs, and service shutdowns that weren’t yielding substantial returns, helped the company save money.
This then was used to cut ride prices and compete with larger rival Uber Technologies, especially as Lyft’s supply shortage had previously driven prices higher. As a result, Lyft managed to claw back some market share from Uber, leading to a surge in the company’s stock price.
However, Risher insists that the company’s focus is on competition based on service quality, not engaging in a price war.
One way $LYFT has differentiated from $UBER – it has focused solely on rides, instead of expanding to food or grocery delivery. CEO David Risher explains how that impacted the company during the pandemic, plus how the transition from the co-founders stepping down is going pic.twitter.com/Ogwj2NlLFX
— TechCheck (@CNBCTechCheck) July 21, 2023
According to data provided by Bloomberg Second Measure, Lyft’s market share in the rideshare industry stood at 25% in May 2023. However, the report also indicated a concerning trend as Lyft’s sales experienced a year-over-year decline of 6%.
Despite the recent gains, Lyft’s stock still faces challenges. While it has risen by over 19% since Risher’s appointment, Uber’s stock has seen a more significant increase of about 54% during the same period. To attract more investors, Risher aims to set long-term targets, including projecting when Lyft can become profitable.
In 2022, Lyft disclosed earnings before interest, taxes, depreciation, and amortization (EBITDA) amounting to $127 million. However, despite this figure, the company has never achieved a profitable year. Instead, in 2022, Lyft faced a substantial net loss of $1.6 billion, an increase from the previous year’s net loss of $1.1 billion.
Lyft’s financial reports revealed that the company made $4.09 billion in revenue in 2022.
Prior to 2022, Lyft experienced its highest revenue in 2019, but it faced challenges in the subsequent years due to the impact of the pandemic.
Risher has also introduced new features to enhance Lyft’s offerings, including the ability for passengers to preorder airport rides upon landing and giving drivers more control over where they want to drive. With Lyft’s new feature, riders can now pre-order a ride as soon as they land. The process is simple: Lyft will match the rider with a driver as they approach the pickup spot.
This means no more guessing when to book a ride and shorter waiting times at the pickup area. Moreover, preordering locks in the price, ensuring riders won’t be affected by price changes, even if they need extra time to reach the pickup spot. It’s a convenient and hassle-free way to secure a ride and have peace of mind throughout the journey.
On the company blog, Risher said:
Lyft wants to provide the simplest and easiest rideshare experience for travelersWe are solving one of the biggest airport travel pain points for riders. Our new preorder experience will help make airport travel simple, so riders can get where they’re going with ease.
Lyft Customer and Driver Engagement
The new CEO also paid close attention to feedback from drivers and passengers. He even immersed himself in the experience by completing 15 Lyft rides as a driver. This hands-on approach allows him to better understand their concerns and make improvements to the app and services accordingly.
Risher’s commitment to transparency was evident when he publicized his email address and received over 1,000 emails, mainly from drivers, discussing issues ranging from pay to app glitches. He personally responded to most of these emails and directed his team to take necessary actions. His experience as a driver gave him valuable insights, enabling him to address the drivers’ concerns more effectively.
Mixed Employee Reactions
Risher’s approach, however, received mixed reviews among employees. While some appreciate his decisions to cut staffing and shut down underperforming services, others were rankled by his reversal of the company’s remote-work policy and changes to compensation.
Yet, Risher remained committed to his purpose-driven vision and aimed to foster a sense of purpose among Lyft employees, encouraging them to feel like they were making a positive impact on the world. Despite initial discontent, Risher’s engagement with employees and responsiveness to feedback have improved his standing among the workforce.
David Risher’s unconventional background, which includes leading a nonprofit that provides ebooks to school children, has influenced his approach as Lyft’s CEO. He emphasizes making better use of resources and aligning the organization around purpose.
Risher wants Lyft employees to feel that their work contributes to bridging transportation barriers and making a positive impact on the world.
Looking ahead, Risher’s leadership is showing early signs of success. As Lyft seeks to regain its position in the ride-sharing industry, the CEO’s ability to set clear long-term targets and drive sustained growth will be crucial for the company’s future. As he continues to steer Lyft’s turnaround, investors are eager to see how this demonstrates the company’s path to profitability.
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Bhubaneswar: In a novel protest against the failure of the Central and Odisha governments to curb the rocketing price of onions, Congress activists sold the essential commodity at Rs 40 per kg in the state capital on Monday.
Led by the Bhubaneswar District Congress president, Manas Choudhury, the party workers set up stall to sell onions at Master Canteen Square. It drew a huge number of people eager to cash in on the opportunity.
“My family is used to purchasing onions at Rs 100 a kg from the market. Today I was able to buy 500 grams sold by Congress at Rs 40 a kg. It will take eight days for my family to consume this,” said a buyer.
Speaking to the media, Choudhury said his party sold 250 grams of onion to each person at Rs 10. “We will continue to sell this essential vegetable till its price comes down,” he added.
Reacting to the protest sale of onions by Congress, Food Supplies and Consumer Welfare Minister Ranendra Pratap Swain said onion was being sold in Orisha at a lower price as compared to other states, .
The minister played down the Congress protest by stating that the party has not come up with a permanent solution.
Swain said the price of onions has gone up in Odisha due to acute shortfall in production in Maharashtra and Andhra Pradesh due to unseasonal rainfall. “However, the price will come down appreciably by the last week of December after onions are harvested in these two states,” he added.

domain: news


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Palworld servers, both third-party and straight from Pocketpair, can’t handle how over one million people are playing the survival crafting game at once. So if you’ve been struggling to get into co-op or a 32-player server, it’s because everyone’s trying to catch up with immense demand.
Both private third-party Palworld servers and Pocketpair’s own offerings are struggling right now. The concurrent Steam player count just keeps going up, so it doesn’t matter if you’re paying a service like G-Portal or making a server directly in Palworld itself. Either way, just playing the game with friends is hard right now.
With Palworld setting Steam records, Pocketpair says “the Epic Online Service is currently experiencing outages due to an unusually high load worldwide,” and that for the survival game “this is causing connectivity issues with co-op and servers.”
The team is looking to make things stable again ASAP, but with Palworld’s player count threatening to go even higher, it might take a while.
It’s not just Palword’s four-player co-op or in-game servers that are struggling though, as third-party server tool G-Portal says it’s been struggling to meet demand, and is just now catching back up.
“Most of the current problems you might face (not being able to buy or enter a server) revolve around the fact that we see a very(!) high demand for servers. The whole team is working on adding even more hardware for you so everybody can get a server,” G-Portal says.
If you’ve been waiting for a dedicated server for the game and having no luck with G-Portal, that should be changing any minute now, as the team says it is “getting better by the hour,” before adding, “Unfortunately, this is not happening for all players at the same time, the demand is too high. We will continue to ramp up servers.”
PCGamesN even tried to buy a G-Portal server, only to then be given a Frankfurt one. So while it looks like these premium dedicated Palworld servers are opening up for use on Steam, the demand for the game is so high that it’s a struggle right now.
If you’re playing with friends or on your own server and want some help, our comprehensive Palword guide has you covered, alongside all you need to know about Palworld Paldium fragments and the best Palworld weapons too.


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Should so-called ‘healthcare’ products be even considered healthy when they have such high sugar content? Is it even doing any good? Well, such a high sugar content level in healthcare products will make us question their ‘healthiness.’ The situation worsens when it’s the case with not just one brand but many.
We all should be sweet and gentle but not overload our bodies with sweets. Sugar is not suitable for your health. It is associated with a higher risk of many severe conditions. It includes weight gain, diabetes, cardiac issues, renal failure, etc. Numerous studies have demonstrated that individuals worldwide consume excessive amounts of undetectable sugar in addition to excessive amounts of added sugar in their meals and drinks.
Are We Being Cheated On Hidden Sugar?
On labels, ingredients are frequently listed by weight. The major component of the product is always stated foremost. The higher on the list it shows up, the more weight this item has.
Food producers leverage this by combining lesser amounts of three or four different forms of sugar in a single product to make their goods seem healthier. The fact that these sugars are written so far down in the list of ingredients makes the product appear to be minimal in sugar.
Do Healthcare Products Follow The Regulations?
Let’s take an example,
One of the most well-known products in its category throughout the years is Cadbury. Bournvita is the health drink brand owned by Mondelez, the holding company of Cadbury. It has been dealing with an unexpected image issue. An influencer Revant Himatsingka called it out for deceiving consumers and posing a health risk.
— Deepika Narayan Bhardwaj (@DeepikaBhardwaj) April 17, 2023
He claimed that some of the listed ingredients of Bournvita are simply ‘other words’ for hidden sugar and that the list of substances is deceptive. Himatsingka also asserted that “Colour (150C),” another component, can weaken immunity and cause cancer.
Bournvita stated in response to the social media outcry. It claimed that the claims of health benefits were supported by scientific research and denounced the video as illogical and based on falsified information.
In 100g of Bournvita, 73g is sugar.
NHS recommends, Children aged 7-10 should have no more than 24g of sugar a day & Children aged 4 to 6 should have no more than 19g of a day. pic.twitter.com/S3i7COWqY4
— RJ – Rishabh Jain (@rishsamjain) April 15, 2023
According to a statement from Mondelez India,
“Each serving of 20 grams of Bournvita has 7.5 grams of added sugar or roughly 1.5 teaspoons. This is significantly less than the daily recommended sugar intake limits for kids.”
Regarding the issue of caramel color (150 C), Bournvita stated that it “is within permissible limits as per guidelines defined by regulations.”
Others, however, drew attention to the fact that Bournvita’s label stated the total added sugar was 73.1 g per 100 g, significantly more than the advised daily allowance for children. So what do you guys think about it? Is it safe for children? Let us know your thoughts in the comments below.


text: An anonymous reader writes: After first announcing the introduction of a video streaming service in May last year, Spotify is finally launching the feature this week. The Swedish company has taken its time tinkering with the new product and beta testing it on groups for months, readying it for its widespread rollout. Not all of the video content will be music-related – keeping the product's potential wide open to different verticals. Spotify has already confirmed partnerships with the BBC, Vice Media, Maker Studios, ESPN, and Comedy Central, among other popular brands. Initially, the video service will only be available in the mobile version of the Spotify app for consumers in the U.S., the UK, Germany and Sweden. It will roll out on Android first, before arriving on iOS a week later. It is also expected to be an ad-free feature at launch, but it is doubtful that it will remain like this for long.


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Support the news
Every day, people donate old books to thrift shops or sell them for a quarter each at yard sales. But some of those castoffs are worth much more.
Used books are a thriving business on Amazon and the going rate for books at auction rose 7 percent last year. From WPLN in Nashville, Nina Cardona reports on the hunt for first editions in a sea of damaged romances.
This segment aired on April 14, 2014.


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Tim Cook expects Apple Watch to release in April
When Apple announced its Apple Watch last September, all we knew about its release date is that it would be "early 2015." Today CEO Tim Cook snuck a more specific nugget of info into Apple's Q1 earnings call: the company expects Apple Watch shipments to start in April.
According to Cook, "Development for Apple Watch is right on schedule, and we expect to begin shipping in April." That would put the smartwatch in the same launch month as Apple's last brand new product release, the original iPad, which was announced five years ago today and released to the public on April 3, 2010.
The Apple Watch, however, is facing a very different environment than any of the company's previous entrances into new mobile product categories. Though the iPhone and iPad weren't the first of their respective types, they had form factors and functionality that were unlike anything else available at the time. But the Apple Watch is launching alongside a bevy of smartwatches from heavy hitters like Samsung, LG and Motorola, all of which fall into the same basic mold (touchscreen, vibration alerts, glanceable info) as Apple's wearable.
Elsewhere in Apple's earnings call, the company reported record revenue on (also a record) 74.5 million iPhone sales. Cook added that the company sold its billionth iOS device back in November.
Apple's 21.4 million iPad sales marked the second straight quarter with year-over-year drop, as interest in tablets (or at least frequency of upgrades) has tapered off of late. Apple sold 26 million iPads in the same quarter a year ago.


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If Apple had to remove the WeChat app from its app store due to an executive order issued by US President Donald Trump, that would mean a loss of Chinese users who make up nearly a third of iPhone users around the globe, an influential Taiwanese stock analyst has warned.
Australian fintech company The Payment App says it has set its sights on challenging global giants PayPal and Square with the launch of an innovative new payment platform.
Intuit Quickbooks integrates with PayPal commerce platform
Accounting software giant Intuit Australia has integrated the PayPal commerce platform into its QuickBooks platform to provide what it says is a new, fast way for small businesses to get paid at competitive rates.
I have an ABN somewhere, does that mean I can get fibre?
This is an unbearably good headline :-)
Great Stuff Sam - I wish this could go out to a larger audience.
5G will save us, and the NBN will have to be redone anyway.
As always, a great article Sam.


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According to reports in the UK, Britain will be celebrating its first ever “National Album Day” this autumn.
As part of the celebrations, music overs around the country will honour singers, songwriters, producers and sleeve designers on October 13 and various events. The event has been organized by industry players and BBC Music, celebrating “all aspects of the UK’s love of the album” will be held in the run-up to the day. Organizers hope music fans will celebrate annually to mark their appreciation of the format.
Fans are also being asked to play their favourite album in full that afternoon. “Streaming may be broadening our ability to access and discover music,” Geoff Taylor, Chief Executive of the British Phonographic Industry, said in a statement.
“But the concept of the album as a body of work that expresses a narrative or an artist’s creative vision at a given moment, remains as relevant and inspiring as ever.”
Monday’s announcement comes as the music industry this year marks 70 years since the release of the very first vinyl LP, or long playing record. Like other countries, Britain already has a “Record Store Day” when independent record shops are celebrated each year with vinyl releases and events and performances.


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Assia has upgraded its management and optimization software to enable VDSL providers to introduce vectored VDSL gradually, as market demand merits. The software suite also gives VDSL companies the tools to handle common noise impairments.
Ikanos Communications said it has completed OEM and carrier lab trials, and has notched its first design win, for its Velocity-3 NodeScale Vectoring VDSL chipset, which has demonstrated the ability to deliver data rates of up to 110 Mbps up on loops up to about 1,500 feet, across all its 192 ports.
This morning Zanaware Technologies announced a new service that provides multiple headend device backup, recovery and monitoring for cable operators. The service, Headend Health (HEalth) Manager Service, augments the capabilities of Zanaware’s Auto Backr Pro, which has been deployed by eight of the top-10 largest cable operators in North America.
Amdocs took the wraps off its Wi-Fi Experience Solution at the Policy Control and Data Pricing conference in Berlin. Using Amdoc’s network control offerings, the Wi-Fi Experience Solution enables mobile and broadband service providers to accelerate their Wi-Fi service deployments.
Columbia, Maryland-based Howard Community College is using Motorola Mobility’s passive optical LAN (POL) platform to provide IP connectivity in its new Heath Sciences building. The fiber-optic network will serve more than 1,500 Ethernet ports, and was designed and deployed by Science Applications International Corporation (SAIC).
Adobe Systems’ Adobe Primetime got out of the starting blocks at the National Association of Broadcasters (NAB) conference this week in Las Vegas sporting Comcast Cable and NBC Sports Group as the first two customers for the multi-screen platform.
Tektronix has introduced a new waveform monitor with HDMI/HDCP inputs, enabling video distributors to directly monitor the quality of the video and audio output of set-top boxes (STB) and Blu-ray players. According to Tek, previously there was no way for broadcasters and video service providers to monitor the video signal quality output from STBs, Blu-ray players and other consumer devices with HDMI outputs.
Deluxe Digital Distribution has joined with two different IPTV platform partners – NeuLion and Accedo – to create interactive digital movie stores, complete with a library of content, that any service provider could adopt to rapidly offer their customers over-the-top (OTT) content.
The Halo Experience Server facilitates time-shifted TV and network DVR, targeted advertisement insertion, social and personalized TV. Operators deploying the system will be able to let viewers to pause and rewind live streams, record programs and watch them on any other device, or receive personalized ads based on their profile.
Digital Rapids is making available presets for its media transformation and workflow solutions designed specifically to make it easier for suppliers to prepare their content for streaming on Netflix. The Netflix presets will be available for the Digital Rapids Transcode Manager 2.0.
Harmonic has integrated Aspera’s fasp technology in its Media Applications Server (MAS). The combined solution allows complex workflows to be orchestrated and enforced, allowing quick and efficient routing of content to the intended destination, the two companies explained.
The company’s Video Multiprocessing Gateway (VMG) Gen 2 incorporates a new scalable plug-in module the company says offers more than double the transcoding capacity of its VMG predecessor. The system is particularly suited for delivering TV Everywhere services.
MaxLinear announced today that leading OEMs were using its MxL603 silicon tuner in their set-top boxes to deliver over-the-top (OTT) services in the United States market. The company didn’t say what set-top box vendors were using its chip, but did say they were currently shipping.
System-on-a-chip (SoC) vendor Sigma Designs introduced its next-generation product portfolio, which is based on the Z-Wave wireless protocol, that was designed to improve the performance of home control devices. Sigma’s Z-Wave Next Gen product portfolio was designed for original equipment manufacturers (OEMs) and service providers interested in developing home control products and services.
Samsung Electronics America has announced its first Evolution upgrade kit, and introduced several features for its smart TV line designed to enrich the TV-viewing experience, including a redesigned navigation interface and a new recommendation engine.


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Kestrel approved installers can now fit a job today and guarantee the materials on the spot, courtesy of its new app which can give homeowners a 35-year extended guarantee.
FLIR ITC, an accredited authorised training organisation for the British Institute of Non-Destructive Testing, has released dates and venues for its Category 1 and 2 thermography courses.
Donseed’s recent industry-leading software development has led to the launch of Donseed Workplace, an enhanced Biometric Identity Workplace Management solution.
UZIN has announced the launch of its flooring specification guidance app, featuring the UZIN recommended adhesive guide.
Mitsubishi Electric’s new website is set to improve access to information for customers, with a seamless, contemporary design which will tailor content to suit visitors.
Delta Membranes have been discussing BIM (Building Information Modelling) and how successful it is on delivering for waterproofing projects.
REHAU’s Discover is a new digital campaign to promote its specification office in London to customers and industry partners.
Security expert Abloy UK is holding an interactive webinar at 10am on Thursday 24th May, centring on the theme ‘When is a key more than just a key?’.
Mitsubishi Electric’s Ecodan air source heat pumps will receive promotion by George Clarke, after an association between the company and the TV presenter, architect, lecturer and writer was announced.
UZIN’s FREE App for smart phones and tablets is designed to provide advice and guidance regarding flooring specifications, now including the UZIN recommended adhesive guide.


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H&M beats expectations as quarterly net profit soars
Swedish cheap-and-chic fashion giant H&M yesterday posted a net profit up 22.5 per cent in the second quarter, easily beating expectations and boosting its share price.
For the March-May quarter, H&M posted a net profit of 5.22 billion kronor (€590 million) well above the expectations of analysts polled by the Dow Jones Newswires, who had anticipated a net profit of 4.84 billion kronor for the quarter.
Following the news, the company saw its share price leap 2.5 per cent in early morning trading on a Stockholm stock exchange up 0.2 per cent.
H&M also saw its sales, excluding VAT, jump 15 per cent in the second quarter, to 31.66 billion kronor from 27.63 billion during the same period a year earlier, the company said in its earnings report.
“The spring collections have been well received by our customers as shown by our increased market share in a fashion retail market that continues to be challenging,” company chief executive Karl-Johan Persson said in the statement.
The company, which in recent quarters had posted disappointing results due to high purchasing costs, said yesterday that “overall, the effects of the earlier significantly negative external factors, such as the cotton price, were more or less neutralised.”
H&M, which had seen its gross margin shrink in the first quarter, posted a stable margin in the second quarter of 61.7 per cent, which was good news, analysts said.
H&M said it was continuing to expand rapidly, with plans to open 275 new stores during the full year 2012, including in five new markets: Bulgaria, Mexico, Latvia, Malaysia and Thailand.
The company counted 2,575 stores worldwide at the end of May, and said “China, the US and the UK are expected to be the largest expansion markets for H&M in 2012.”


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Leading global toy company Just Play has appointed branding and strategy expert Evelyn Mazzocco, former General Manager of Barbie at Mattel and General Manager of Girls Products at Moose Toys, to lead its new division devoted to building the company’s portfolio of proprietary brands.
Evelyn will be influential in driving the company’s long-term strategic goal of creating new wholly-owned intellectual properties. She will be heading up a new, fully integrated team including Product Development, Branding, Packaging, and Engineering based in Los Angeles.
Evelyn is a senior executive with over 20 years of experience in the industry and brings vast experience in product ideation and creation, brand marketing, licensing and content. Throughout her career, Evelyn has led top tier brands such as Barbie, American Girl, and Polly Pocket, as well as leading new IPcreation with brands like Kindikids and Monster High.
“I’ve always been impressed by Just Play’s commitment to developing high quality and innovative product lines. I’m eager to work with the team to create a portfolio of new and exciting owned brands,” Evelyn Mazzocco stated.
“Evelyn is an accomplished creative leader who we enthusiastically welcome to the Just Play family,” said Geoffrey Greenberg, Co-CEO of Just Play. “With her wealth of expertise, she’ll be a vital asset to our growing team and tremendously influential as we launch innovative new brands to entertain kids and families around the world.”
Just Play is a passionate toy company and global leader across a broad range of children’s consumer goods including figures, playsets, dolls, plush, role-play and dress-up. They create unique and innovative proprietary lines, as well as award-winning products based on popular children’s entertainment brands with best-in-class licensing partners. Just Play was founded by two toy industry veterans, Charlie Emby and Geoffrey Greenberg, in 2010 and has risen to a top 10 toy company according to NPD for the past 5 years. To learn more about Just Play’s products, please visit www.justplayproducts.com or follow the company on Instagram (@JustPlayProducts) or on Facebook (www.facebook.com/JustPlay).


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Phoenix-based Sprouts Farmers Market reported May 4 that net sales in its fiscal first quarter increased by 4% and comps rose by 1.6%—driven by a slight increase in same-store sales and new stores opened.
The grocer reported first-quarter profit of $88.3 million and that net sales in the first quarter, which ended April 3, totaled $1.6 billion.
Sprouts ended its quarterly earnings on a high note of 79 cents per share vs. earnings of 70 cents per share a year ago.
"We are encouraged with the strong start to the year,” said Jack Sinclair, CEO of Sprouts Farmers Market, in a statement. "We delivered top-line growth, supported by both positive comps and traffic, while simultaneously maintaining our gross-margin discipline. The commitment, passion and dedication of Sprouts 31,000 team members to one another, our customers and communities were key to our success. We look forward to continuing to engage our communities with innovative, healthy products in convenient smaller format stores, shaping our brand as a destination specialty grocer."
The natural foods retailer, which recently opened its 32nd store in Florida as part of its expansion in the Sunshine State, said it opened six new stores and closed one, resulting in 379 stores in 23 states as of April 3.
“While we are pleased with our first-quarter performance, inflation is not slowing and customers are continuing to put a few less items in their baskets,” Chip Molloy, chief financial officer of Sprouts, said in a statement. “Despite transaction comp continuing to be positive, given the level of uncertainty in the marketplace, we believe it is prudent to assume a more conservative approach to our outlook."
Molloy added that for the full year, “we now expect total sales growth, comparable store sales growth and earnings per share to be at the low end of the outlook provided during our last earnings release. We still expect to open between 15-20 new stores. For the second quarter of 2022, we expect comparable stores sales growth to be relatively flat and diluted earnings per share of 49 cents to 53 cents.”
On the same day as the grocer’s earnings call, Sprouts released its 2021 Environmental, Social and Governance (ESG) Report. The report highlights the grocer’s ongoing progress in growing its business sustainably and responsibly.
Several highlights from the report include Sprouts’ efforts to reduce carbon emissions per square foot by nearly 10% from 2019; the grocer achieving an overall landfill diversion rate of 60% by repurposing and recycling 79,000 tons of food and other recyclables; and it commitment to improving chicken welfare by providing environmental enrichments by 2024, reducing stocking density by 2025, and more humane processing through controlled-atmosphere stunning by 2026.
"I’m very pleased with the meaningful achievements we made on our ESG initiatives in 2021,” Sinclair said in a statement. “Our accomplishments reinforce the commitment of our 31,000 purpose-driven team members in caring for each other, our customers, communities and the planet. We look forward to continuing our progress in the years ahead as we execute on our long-term growth strategy that is rooted in ESG.”


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Contactless Transactions at Vending Machines Soar During COVID-10
A new study from Cantaloupe and Michigan State University brings additional support to the decline of paper payments and increase of contactless payments, either through mobile payment or tap to pay, even in formerly cash and coin heavy vending machines. Kevin McIntyre reports further in CStore Decisions:
“A study conducted by Cantaloupe and the Broad College of Business at Michigan State University revealed that contactless transactions at vending machines soared during the COVID-19 pandemic compared to cash payments. The data collected for the study analyzed a sample set of 160,000 Cantaloupe ePort cashless devices across various location segments.
The “Payments in Unattended Retail” study saw the overall share of cashless transactions increase dramatically from 51% in January 2020 to 62% in October 2021 compared to cash transactions, which decreased to from 49% to 38% in the same time period.”
There continues to be an increase in the adoption of contactless payment options, especially among younger consumers. This includes such technologies as tap to pay, mobile wallets, and mobile applications.
40% of Canadians Use Less Cash due to Pandemic – Going for Contactless Payments?
The results from the Cantaloupe/Michigan State study in the specific vending market show similar findings to Mercator’s findings overall and specifically in as reported in the Mercator Advisory Group North American PaymentsInsights report on digital and contactless payments use in Canada following the pandemic. That report showed 40% of Canadians reported using less cash as a direct result of the pandemic with 18% using no cash at all in a given week.
The move away from cash wasn’t unexpected, but there is increasing evidence that card swipes are also on the way to being replaced by either card or phone taps which should have a significant impact on vending and other self-service purchase locations, as Cantaloupe concludes:
“When we analyze our entire network of devices throughout the first half of 2022, we’re seeing contactless payment methods make up nearly half of all cashless transactions,” said Sean Feeney, CEO of Cantaloupe. “And these trends aren’t slowing down. The data indicates that by the end of 2022, more than two thirds of all transactions will be cashless, driven by consumers preferring to tap. For vending operators, this underlines the importance of offering contactless payment options if they want to increase revenue and remain competitive.”
Overview by Jordan Hirschfield, Director of the Prepaid Advisory Service at Mercator Advisory Group


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SAMBALPUR: A marketing student of IIM Sambalpur
(IIM-S) has been offered an annual salary package of Rs 60 lakh - an achievement particularly significant seeing that he belongs to only the second batch to graduate from the institute.
Anant Milind Kulkarni of Nanded in Maharashtra, has been made the offer by Tolaram Group, which is headquartered at Singapore. The company's website says it has businesses across 75 countries, mainly in consumer goods, digital services, infrastructure and energy.
Though 'pleasantly surprised' with the offer, 25-year-old Anant was almost sure of good news after the selection process.
"I was sure that I would get a good job offer because of the brand of the institution but I had not thought that I would get such a lucrative offer. It's cool," he said. The salary offer was made after three rounds of screenings. Anant joined IIM-S after completing his bachelors in mechanical engineering.
IIM-S director Mahadeo Jaiswal said the overall percentage of placements this year has been very good with students getting an average annual offer of around Rs 10 lakh each - a significant jump from the first batch who were offered an average of Rs 7.2 lakh per year.


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"Say you concerned about debt or may you lost a job, or went through a divorce and are feeling isolated. When you put those life experiences together with some of these behaviors it creates the perfect storm of vulnerability to speak and those are the people most at risk for fraud," Jennings said.
"All of us are being targeted," Jennings said.
The survey by AARP identified 15 behaviors and life experiences that put people at risk for fraud. Some of the behaviors include signing up for a free trial offer for something or clicking or opening an email from an unknown source. But the survey also found that life stressers can make people more vulnerable to scammers.
Selling products on Nike Sneaker Posters online auction sites: 23 percent versus 7 percent. Scammers pose as buyers, paying with Nike Shoes With Straps
Downloading apps: 39 percent versus 28 percent. Yet another method to install malware to steal computer files, passwords and accounts.
Purchasing a product through a money payment business: 47 percent versus 30 percent. When using these services, link them to a credit card, which offer more protection against fraud. There more risk linking to a checking or debit card account because if those systems are hacked or someone gets your payment transfer information, your bank account is now exposed to the scammer.
From clicking on links in unfamiliar emails to following a pop up ad to a website, there are online behaviors that can predict if you likely to fall for an Internet scam.
In the past 7 days prior to being surveyed, respondents admitted to:
Signing up for trial offers: 18 percent versus 8 percent engaged in these traps, which lock buyers into hard to cancel contracts and merchandise may not arrive until after the trial ends.
AARP has started a Fraud Watch Network that alerts people of scams in their area available to anyone who signs up. Nike Shoes Black And Purple
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And while 120,000 South Dakotans have been identified as high risk of becoming a victim, 75 percent say they gotten at least one scam email and most people are at some kind of risk for being scammed.
You probably figure it can never happen to you you won fall victim to some Internet phishing scam or get your identity stolen online, right?
The fact is, according to a new survey 75 percent of South Dakotans are at risk for getting scammed on the Internet.
Are You An Easy Target For Scammers
Clicking on pop up advertisements: Opened by 26 percent of victims compared to 10 percent of non victims, pop ups are often used to install computer malware or lead to surveys that glean personal information.
Opening email from unknown sources: 27 percent of victims versus 17 percent of non victims risked similar malware and detail seeking phishing risks in emails.
Additionally, victims scored higher on several indicators of acting impulsively and admitted to posting more personal information online such as birthdates, marital status, names of children and even Social Security numbers that could be used for identity theft. So be extra careful when making decisions online (or in person) and take note, friends and family members, if loved ones are experiencing any of the following:
"In the survey, 25 percent of South Dakotans are at high risk at becoming a victim of these online scams because they were exhibiting seven of the high risk behaviors or life experience things," AARP SD Director Sarah Jennings said.
counterfeit checks or money orders often for higher amounts than the sale price, with a request to send back the difference.
You can also take a quiz to see if you an easy target for scammers.
The Federal Trade Commission says online scams have doubled in recent years and more than $20 billion was stolen from 13 million victims.
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(MENAFN- Live Mint) "Indian-American Amit Patel has been accused of stealing more than $22 million from the National Football League team to fund his luxury lifestyle, a former manager of Jacksonville Jaguars executive, processed fraudulent credit card transactions from September 2019 until he was fired in February. He's charged with wire fraud and engaging in an illegal financial transaction's lawyer, Alex King, said an out-of-control addiction to online sports betting was the main motive for the embezzlement suspends 70 lakh mobile numbers. Here's what you should knowThe lawyer said Patel used 99% of the Jaguars' funds were used for betting on the FanDuel and DraftKings sites football team said that Patel took advantage of his job to“covertly and intentionally commit significant fraudulent financial activity at the team's expense for personal benefit\".Online payment fraud: Beware of these five most common scams in IndiaKing said Patel has cooperated with the Jaguars, the FBI, and federal prosecutors and is in treatment for gambling addiction.'The big fraud'According to the Prosecutors, Patel oversaw the team's virtual credit card program, which allowed some employees to charge business expenses without a physical credit card. Each month it was Patel's job to create a file accounting for the charges from the past month. He did so with fraudulent entries, inventing phony transactions, moving up legitimate charges from future months, and inflating some charges, including for catering, airfare, and hotels spent the millions he stole from the team on internet gambling, a condominium near Florida's Ponte Vedra Beach, and private jet travel and luxury accommodation for himself and friends bought a new Tesla Model 3 sedan and a Nissan pickup truck, cryptocurrency and non-fungible tokens, sports memorabilia, a country club membership, tickets to sporting events, and high-end watches, including the Patek Philippe, prosecutors said also allegedly used stolen money to hire a personal trainer and a criminal defense lawyer.
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.


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Russia’s Central Bank said Friday it has raised its key interest rate for the first time since 2018 as rising inflation and food prices forced a shift toward tightening its monetary policy.
The benchmark was raised to 4.5% from a record low of 4.25%, the bank said in a statement. It marks the first rate hike since late 2018, when the bank paused four years of monetary easing that started after U.S. sanctions over the annexation of Crimea sunk markets and revived risks of inflation.
“In the first quarter, the rate of consumer price growth has been higher than the Bank of Russia’s forecast,” the bank said, citing February’s 5.7% inflation that exceeds the bank’s 4% target.
The bank forecast that inflation on consumer prices would return to this 4% target in early-to-mid 2022.
Bloomberg reported earlier this week, citing an unnamed source with knowledge of discussions, that the Central Bank was considering raising the key rate in increments to 5.5% or 6% by the end of 2021.
The Central Bank said in Friday's statement it will consider a return to neutral monetary policy, but noted that it “holds open the prospect of further increases in the key rate.”


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Cathay Pacific to launch first freighter service to Chennai
29 Mar 2006
Cathay Pacific Airways is to further expand its world cargo network with a new twice weekly freighter service linking Hong Kong to the fast-growing Indian cities of Mumbai (Bombay) and, for the first time, Chennai (Madras). It will also be the airline’s first direct freighter service from India to Hong Kong.
India is one of the world’s fastest growing cargo markets with an increasingly affluent customer base hungry for products made in China. The addition of this southeastern port city of Chennai will open up a new market for the airline and offer broader national coverage beyond the existing Cathay Pacific cargo and passenger services to Delhi and Mumbai.
The new service will operate every Tuesday and Friday from 2 June 2006 with a Boeing 747-200F freighter. It will depart Hong Kong at 11.40am, arrive in Mumbai at 3.00pm local time the same day before continuing to Chennai later that afternoon and heading back to Hong Kong at 7.50pm, arriving in the early hours of the following morning in good time for onward connections to the US.
Current Cathay Pacific freighter services to India include a three-times weekly flight to Mumbai which continues to Dubai and Paris then returns to Hong Kong via Dubai. The three-times-weekly Delhi service continues to London, then heads back to Hong Kong via Milan.
Cathay Pacific Director and General Manager Cargo Ron Mathison said: “Chennai is a major air cargo centre for textiles and clothing industries and will be a useful addition to our global freighter network. We will look to adding more freighter services to India later this year when we get more aircraft capacity.”
| Flight|| From || Destination|| Departure/Arrival|
| Days of operation|
| CX017|| Hong Kong|| Mumbai||11.40/15.00|| Tue, Fri|
| CX018||Mumbai|| Chennai|| 16.30/18.20|| Tue, Fri|
| CX018|| Chennai|| Hong Kong|| 19.50/03.35+1|| Tue, Fri|


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A new craft brewery is now open in southern Wisconsin. G5 Brewing Company in Beloit has 12 beers on tap.
“We feel super lucky to have such a great space to be working in,” said head brewer Tim Goers. “I believe this is the first time since 1999 there is an actual craft brewery in Beloit,”
The modern-looking facility is located at 1895 Gateway Blvd on the eastside of Beloit, not far from where Interstate 90 and 43 intersect.
G5 has a 10 barrel system in the brewery which equals about 2,500 pints of beer. Goers says G5 is trying to create a community of beer drinkers from all over.
“I want everyone in this community and everyone in the state of Wisconsin to come and enjoy our stuff,” said Goers. “Since we are right here on the state line as well, (we are) welcoming every group. It’s Memorial Day weekend right now so they are heading up north hanging out so come by for a pint,”
G5 stands for the five members of the Gunderson family who own the brewery. The business also sells liquor and food. But Goers believes it’s the beer that sets them apart.
“What makes us a little more unique is we are focused on creating the best ales possible by paying attention to our ingredients and our processes,” he said. “We want the beer to speak for themselves so we would love for people to come in and judge us against their favorite brewery and honestly, we are always looking for feedback,”
G5 is open Tuesday through Sunday. The brewery is closed on Mondays.


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|A leak of alleged "iPhone 5S" photos posted to Sina Weibo (China's Twitter-like social service), if true, would confirm much of what has already been guessed about the upcoming next iPhone model, which is widely thought to be a significant but incremental update of the iPhone 5. The specs, supposedly leaked from sources in the Chinese supply chain, add little to other reports except for the claim of a near-field communication (NFC) antenna in the body of the device and that it will use a lower-power IGZO display to aid battery life.
The leak says that the iPhone 5S (assuming Apple calls the next model that) will see a graphic boost from a quad-core PowerVR SGX544MP4 GPU, reports Extreme Tech. The CPU is expected to be referred to as the A7, but apart from the graphics may only see an incremental clock boost and more RAM to make it faster rather than being a fully redesigned chip. The phone is said to sport 2GB of RAM, a doubling from the current iPhone 5.
While the exterior is said to look identical to the iPhone 5 (which would not be at all unusual, given the precedent of the iPhone 4 and 4S), the 5S is expected to sport an improved camera -- a 12MP unit with dual-LED flash for better indoor pictures -- as well as a brighter yet more power-efficient IGZO four-inch display from Sharp, the first major mobile-phone debut of the technology, which has also been used in tablets and HDTVs. The iPhone 5S home button is also said to have a fingerprint scanner built into it, as has long been expected since Apple bought Authentec back in 2012. The technology may be used to help secure the iPhone from thieves and prevent unauthorized access even when the phone is not lost or stolen.
According to the report, the iPhone 5S is on track for a mid-September launch.


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Nintendo Announces Q1 Loss, Maintains Return to Profit Forecast for Year
Company faces increasing competition from smartphones and tablets in the crucial casual gamers market.
TOKYO – Nintendo announced lower than expected losses of 17.2 billion yen ($220 million) for the quarter ended June 30, on sales down nearly 10 percent to 84.8 billion yen ($1.09 billion) compared to the same period last year.
Sales of its Wii console have fallen sharply as the company prepares to launch the updated Wii U later this year, while the company has failed to shift as many units of its portable 3DS since it bowed in March 2011, particularly outside Japan.
The Kyoto-based game giant maintained its forecast of returning to the black in this financial year, to March 2013, with profits of 35 billion yen ($448 million).
Many analysts see the company’s projections as overly optimistic given the shift of casual gamers, Nintendo’s core market, to playing on smartphones and tablets. Much will depend on the successor to the Wii, which will feature Nintendo’s new social gaming Miiverse, as well as a host of new features, including a separate 6.2-inch screen, a camera and various sensors to enhance game play.
Nintendo recorded its first-full year loss as a public company in the period to March 2012, prompting CEO Satoru Iwata to take a 67 percent pay cut.


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The End of the American Century?
India, China Hoping to 'Reshape the World Order' Together
Look, we're not slagging India & China. We're not claiming that the US should always be dominant... but why are the American Government & American Businesses helping?
India and China announced a new "strategic partnership" Monday, pledging to resolve long-standing border disputes and boost trade and economic cooperation between two rising powers that together account for more than a third of the world's population.
The prospect of a more cooperative relationship has significant global implications, given the vast economic potential of India and China and their voracious appetites for energy and other natural resources.
In geopolitical terms, the consequences of a rapprochement between the world's two most populous countries could be profound. "In the same way that commentators refer to the 1900s as the American Century, the early 21st century may be seen as the time when some in the developing world, led by India and China, come into their own," said a December 2004 study by the U.S. National Intelligence Council.
Such "arriviste" powers, the study noted, "could usher in a new set of international alignments, potentially marking a definitive break with some of the post-World War II institutions and practices." The report also said that India "could emerge as the world's fastest-growing economy" by 2020, overtaking China.
In pursuing closer ties, each country is clearly eager to capitalize on the other's economic strengths -- manufacturing and computer hardware in China, services and software in India -- while boosting trade that by all accounts has remained far below its potential. Last year, trade between the two countries came to $13.6 billion, compared with about $20 billion between India and the United States. India and China pledged Monday to boost their trade to $20 billion by 2008.
"If India and China cooperate in the IT industry, we will be able to lead the world," Wen said in Bangalore on Sunday. "It will signify the coming of the Asian century in the IT industry."
Remember: we're running deficits - HUGE ones fueled by the Bush 'tax cuts' and the wars - and China is assuming more and more of our debt. Is this a good thing? That the next viable Economic Super-Power is holding the keys to our kingdom?


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LOS ANGELES—Meena Krenek, the designer who played a leading role in the creation of Unilever’s new North American headquarters, as well as other award-winning interiors projects across the U.S., has joined our firm as principal and interior design director of our Los Angeles studio.
Krenek, who worked at Perkins&Will from 2005 to 2017—including two years as interior design director of our New York studio—is known for her highly innovative interior architectural solutions that blur the lines of typical design typologies. Deeply rooted in visual storytelling and experiential design, her creative visions have earned accolades for supporting brands, building community, and enhancing well-being.
“I’m thrilled to call Los Angeles—where some of the most awe-inspiring clients and influential brands are changing the world—my new home,” Krenek says. “The creative energy in this city is like no other. I can’t wait to harness it and, together with my incredibly talented colleagues, usher in a new era of interior design innovation in our LA studio.”


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Tag Archives: Lionsgate
According to Deadline, Lionsgate had acquired the North American distribution rights to supernatural thriller ’The Quiet Ones’ starring Sam Claflin. The British rights to the movie had been acquired by Lionsgate UK.
Here’s a sneak peek of the ‘Quiet One‘s:
Lionsgate unveiled its new corporate logo this afternoon during the company’s CinemaCon presentation in Las Vegas. In addition to the static logo, Lionsgate also unveiled a new corporate animated logo which you can view on the video below:
Here’s the official press release:
The Hunger Games: Catching Fire actor Sam Claflin will be a special guest at Lionsgate’s product presentation at this year’s Cinemacon.
Lionsgate’s Exclusive Product Presentation Highlighting Its 2013 Release Schedule will be held on Thursday, April 18th, 2013 at the The Colosseum-Casino Level. CinemaCon will take place from April 15th to 18th at Caesars Palace in Las Vegas. Head over to Cinemacon to register for the event.
Thanks to Mockingjay.net for the tip!
According to THR, Lionsgate, the studio who has acquired the film rights to The Hunger Games, is suing Yagoozon, a company who has been allegedly selling counterfeit Mockingjay Pin.
Lionsgate says that it then learned that the defendants were offering counterfeit Hunger Games merchandise for sale online. The pin appears to have been put up for sale on Amazon.com, which has recently caught studio attention.
In the meantime, here’s a look from the court documents of the item that has triggered litigation. Lionsgate is demanding an injunction, a recall, a listing of manufacturing suppliers, and monetary damages.
With the product and the packaging, it seems hard to tell the difference right away.


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The tech industry now comprises roughly half of the top philanthropic giving in America. The Chronicle of Philanthropy released its annual list of the top 50 philanthropists, and the tech industry’s influence was inescapable. “America’s 50 most generous donors increased their giving by 27.5 percent last year,” they write, “powered in large part by a $1.5-billion gift from Bill and Melinda Gates and a stunning rise in the number of tech entrepreneurs under 40, three of whom gave more than $500-million each.”
One of the first acts of newly minted rich guy and WhatsApp cofounder Jan Koum, after his company’s acquisition by Facebook, was to donate $555,000 to charity. Former Facebooker and Napster cofounder Sean Parker also topped the list ($550M), along with Google’s Sergey Brin ($382M).
Together, they represent about 47% of top philanthropic giving. The Chronicle categorizes former NYC mayor Michael Bloomberg as “entertainment and media.” However, Bloomberg’s information terminal, which is really the profit engine of Bloomberg Media, is often considered a tech invention. If we recategorize Bloomberg as a tech guy, then the tech industry is more than half (given the way Bloomberg funds tech-related causes, this might seem even more appropriate).
It should be noted that tech giving is not without its controversy. Much of the money is given to donor-advised funds, which earmarks the money for giving but leaves many details unanswered. Salesforce head Marc Benioff has been very critical of this type of giving.
Readers can learn more about the list here.
Like this story? Want to learn more? On February 23–24, our fifth annual VentureBeat Mobile Summit will tackle 6 big opportunities for business to leverage mobile to grow. The invitation-only Summit will gather the top 180 executives at the scenic Cavallo Point Resort in Sausalito, Calif., to discuss issues like this. Request an invitation.


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Paris, 12 January 2023 – Lizee, the first technical and logistics solution promoting better consumption in the retail industry, announces the successful completion of its EUR 9 million series A funding round, led by Circular Innovation Fund (CIF) – a Joint Venture between European Demeter and North American Cycle Capital. Lizee’s long-term partners Alante and Ring renew their support, joined by new investors Lyra Venture and Maif Impact.
Founded in 2019, Lizee is an impact-focused technology company based in France. . From the latest Series A funding round, Lizee aims to expand into new markets, develop its technology and hire new team members. Lizee deploys reuse (second-hand and rental) business models for retailers, combining responsible consumption and profitability. With Lizee, retailers can manage rental and second-hand sales alongside their usual sales, using a data-driven technical and logistics platform that manages and optimises the product’s lifecycle.
Lizee works with major retailers to create for them a complete circular economy solution across all delivery channels and commerce models, and in support of the retail brands’ market positioning and quality standards. Current clients include: Decathlon, Petit Bateau, and Maje, among others.
As a result, with Lizee, retail companies are better equipped to take advantage of the opportunities offered by the circular economy, retaining their brand image, increasing margins, and expanding their customer base.
A view to expansion
According to the study designed by GlobeScan in 2022, Sixty-eight percent at least somewhat agree that they would be willing to reduce their consumption by half to avoid environmental damage and climate change, especially those with worried children at home (85%).
Anna Balez, CEO and co-founder of Lizee: “We are looking to halve new production in the next 15 years, and we are convinced that a local circular economy can help us reach that target. By striking the right balance between technology and new employment activities we think it will be the norm in the retail industry within 5 years.”
Stephane Villecroze, Managing Partner, Demeter Investment Managers: “We are delighted to contribute to Lizee’s expansion via the Circular Innovation Fund managed by Demeter and Cycle Capital. Anna Balez and her team are talented people. This funding gives them the means to conquer new sectors and markets, enabling major retailers to switch to reuse and the circular economy, using fewer resources and expanding profit margins.”
Timothée Emery, COO and co-founder of Lizee: “We address customers’ key issues by exploring their options, and honing our offer examining potential pitfalls, anticipating all the risks associated with second-hand retail and rental.
On the strength of this co-construction, and thanks to our trial-and-error culture, drawing on the expertise and responsiveness of our teams, we were able to build a technological structure based on solid foundations and the result is a carefully crafted product offer.
This economical and ecological crisis we are facing today marks the beginning of the end for the linear economy, and a big change for all of us. For consumers, retailers and above all, for the planet.”
Pauline Omnes | Head of PR / BtoC Strategy | [email protected] | +33781160278
About Circular Innovation Fund
The Circular Innovation Fund (“CIF”) is a global venture capital fund focused solely on circular innovation. It is a joint venture between leading cleantech capital managers – Paris-based Demeter and Montreal-based Cycle Capital.
The fund invests in growth-stage companies from North America, Europe and Asia developing breakthrough new materials, circular packaging, recycling and waste innovations, logistics, as well as eco-efficient processes & design, and circular business models.
For more information on the Circular Innovation Fund, visit: circularinnovationfund.com.
About MAIF Impact
Having adopted the “entreprise à mission” status in 2020, the business model of MAIF focus on creating positive impact. It’s also the purpose of MAIF Impact, its investment fund for social innovation, which aims to invest in entrepreneurs who promote equal opportunities, develop innovative solidarity-based mechanisms, develop circular economy business models and support impact finance. With 40M€ assets under management, MAIF Impact has already supported the development of around thirty organizations since its creation.
For more information, visit : https://entreprise.maif.fr/maif-impact


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Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday May 30, 2019
Ontario to end Beer Store deal, paving way for beer in corner stores
The Progressive Conservative government has tabled legislation that would terminate a contract with The Beer Store.
The previous Liberal government signed a 10-year deal with the brewers that permitted an expansion of beer and wine sales to hundreds of grocery stores.
Premier Doug Ford has indicated he plans to put beer and wine in corner stores, but he has to break that agreement to do so and the industry has warned that could trigger steep financial penalties.
While tabling today’s bill, Finance Minister Vic Fedeli said the current system is a monopoly that is a bad deal for consumers and businesses.
The legislation comes after the province’s special adviser on alcohol delivered a report Friday to Fedeli on ways to improve consumer choice and convenience.
The Tories also announced a number of loosened alcohol restrictions in last month’s budget, including allowing alcohol to be served at 9 a.m., seven days a week, letting people consume booze in parks, and legalizing tailgating parties near sports events.
Meanwhile, there’s been a swift reaction from Labatt Brewing Company Limited and Molson Canada 2005 — two of the three large brewers who predominantly own The Beer Store — to the legislation tabled Monday.
CBC Toronto obtained a copy of a lawyers’ letter from Labatt and Molson putting the government on notice of a potential legal challenge to the beer legislation. Blake, Cassels and Graydon LLP represent Labatt, while Molson is represented by Gowling WLG.
In the letter, the lawyers note that the 2015 Master Framework Agreement was negotiated with the province to enhance customer convenience, choice and shopping experience, while ensuring that customers in Ontario can purchase beer at prices below the Canadian average, and to enhance the beer retailing system for all brewers selling beer in Ontario.
“The Bill will destroy those benefits, legislate 7,000 Ontario-based The Beer Store employees out of work and cause billions of dollars in damages … and result in higher costs and prices for consumers,” the lawyers wrote. (CBC)


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The big news last week was the big jump in retail sales for April, which is published by the US Census Bureau under the Department of Commerce. The “retail and food services” sales category increased 1.3% in April and is growing at about 2.8% for the past 12 months. The story here continues to be the growth of online sales at the expense of brick-and-mortar store sales. The “internet and catalog sales” category is growing at +10.2% per year, three times as fast as overall sales. Meanwhile, “old school” department store sales growth is down -1.7%. As a fun fact, Wal-Mart is the largest apparel seller in the US, while Amazon is second (US Census Bureau; WSJ).
Checking in on some data points: Not surprisingly, most economists are revising their second quarter GDP numbers upward. The Atlanta Fed’s GDPNow model is at 2.8%, the importance being that this and other models are indicating an acceleration from the low +0.5% first quarter GDP growth number. As for the election, PollyVote (a combination of various prediction methodologies)continues to favor Democrats over Republicans in the US presidential election by 53% to 47%, but this indicates a slight narrowing from a month ago, when the odds were 53.9% and 46.1%. That’s kind of interesting. Looking globally, I also find it interesting that the various financial stress indices (e.g. St. Louis Financial Stress Index) have come down over the past month. It is important to check in on these from time to time because the headlines can have a pessimistic bias.
Global trade note: I’ve talked before about the economics of free trade and won’t reiterate that here. Less rigorous on the theoretical and empirical (i.e. “just the facts”) front is the notion of “regulatory arbitrage,” or the idea that companies will leave areas (states or countries) where the regulatory burden is increasing and relocate to areas where the regulatory environment is more attractive. This occurs more readily for business models with few immobile assets, e.g. buildings and people. Critics of global trade argue that regulatory arbitrage contributes towards a “race to the bottom.” That means companies will move to locations that have weaker environmental laws and labor laws. Fans of global trade argue the opposite, that there is a “race to the top” as countries with superior corporate governance (i.e. shareholder/owner protection) and financial institution/capital markets attract firms and force countries to compete by offering higher standards of living (i.e. water/air quality…access to education, etc.). A third possibility, often referred to as “the California effect,” is that firms cannot forgo lucrative local markets (for customers and workers) and so will be relatively insensitive to regulatory burdens. I have followed this line of thinking for decades, and recently Naomi Lamoreaux (Yale) and Bruce Carruthers (Northwestern) published what in my opinion is the best empirical research to date on the subject in the Journal of Economic Literature. Their findings? There is on balance evidence for all three!
China currency manipulation note: I have also mentioned that a key part of China’s success was due to the fact that they linked their currency to the US dollar about 20 years ago (1994) , giving them instant currency credibility. When China was growing extremely fast there was a lot of upward pressure on the yuan, so they allowed some small amount of appreciation over their dollar peg. As China has slowed they have allowed some small amount of depreciation around their dollar peg. In 1994 the exchange rate was 8.5 yuan to the dollar. It is currently at about 6.5 yuan to the dollar, so the yuan has actually appreciated by about 25% over that time period (it takes fewer yuan to buy a US dollar). That’s not what you hear from the Presidential candidates, all of whom have bashed China for currency manipulation. I think the following from technology writer George Gilder (referring to Nobel Laureate Robert Mundell who advises China) is a little closer to the mark:
“Mundell was a supporter of Bretton Woods gold exchange standard and he believes in fixed currencies. And while Donald Trump and others attack China for supposedly manipulating their currency, Hillary [Clinton] and Bernie Sanders also attack China for manipulating their currency. In fact the reason China has done so well is that it refuses to manipulate its currency. It has pegged its currency on the dollar and created a dollar zone where trade could flourish. And this has been the great coup that the Chinese have followed, they followed Mundel, the supply-sider, and that has greatly benefited their economy.”
Posted on Mon, May 16, 2016
by Danny Aleman


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Samsung and BBVA today presented the iris scanning feature, which will allow BBVA customers with Samsung-compatible smartphones to log on to the bank's Spanish mobile banking app just by looking at their displays.
With the launch of this feature, BBVA becomes the first Spanish bank to deploy Samsung’s advanced biometric authentication technology, Samsung Pass, which will permit customers to bypass cumbersome login/password authentication methods. Iris recognition is currently considered to be the most secure form of identity verification.
Raúl Navarrete, BBVA Spain’s Head of Mobile Channels, said: “BBVA’s goal is to deliver a fast and user-friendly browsing experience. Iris recognition not only provides agile and seamless access to the platform, but also offers an unparalleled level of cybersecurity.”
Samsung Pass, based on FIDO (Fast Identity Online) technology, frees the user from having to write identifiers and passwords to start each session. With Samsung Pass, a mobile phone benefits from the maximum protection available through biometric authentication (fingerprints and iris scanner) eliminating the need to memorize screen lock passwords or patterns.
Iris scanning technology, integrated into the Samsung Pass identity authentication solution, is one of the most secure methods of biometric identification, because the patterns of each iris are the most unequivocal password. For that reason, it's one of the simplest and most secure ways to keep a smartphone blocked and protected against unwanted use.
Raúl Navarrete, BBVA Spain’s Head of Mobile Channels, and David Alonso, Enterprise Business Director at Samsung Electronics Spain, presented the authentication feature for BBVA's mobile banking app.


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Microsoft developing 7-inch Surface tablet - WSJ
REUTERS - Microsoft Corp (MSFT.O) is developing a new lineup of Surface tablets, including a 7-inch version expected to go into mass production later this year, the Wall Street Journal reported, citing people familiar with the company's plans.
Microsoft executives felt they needed to keep pace with the growing popularity of smaller tablets like Google Inc's (GOOG.O) 7-inch Nexus and the 7.9-inch iPad Mini introduced by Apple Inc (AAPL.O) last October, one person told the paper. (link.reuters.com/wem37t)
Microsoft declined to comment to the Wall Street Journal. The company could not immediately be reached for comment by Reuters outside of regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Daniel Magnowski)
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Sony Cyber Attack
North Korea said U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it was wanted a joint investigation into the incident with the United States. Full Article


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PPG Teams Up with John Force Racing
Relationship with 17-time NHRA champions strengthened
STRONGSVILLE, Ohio – October 29, 2012 – PPG has partnered with the National Hot Rod Association’s (NHRA) John Force Racing team. The team, led by the legendary John Force—one of the most successful racers in the history of drag racing—is a dominant presence in the NHRA with a long list of wins and championships to its credit.
For its funny cars and high-powered dragsters, John Force Racing made the choice of using another winner, PPG’s Envirobase® High Performance line of waterborne products. The team is working with PPG’s well-known in-house master artist Paul Stoll to develop color palettes and one-of-a kind designs for its cars.
“We take great pride in being associated with John Force Racing,” said John Parran, PPG Automotive Refinish, director of marketing, North America. “The team’s consistent performance on the drag strip has been nothing short of extraordinary and its commitment to environmental responsibility through the use of waterborne finishes is equally impressive. We’re proud to partner with winners and are proud to provide them with innovative products and unwavering support.”
John Force Racing is considered to be one of the true dynasties in motor sports with two generations of drivers competing in the NHRA Full Throttle Drag Racing Series. The team’s drivers include Force, his daughters Courtney Force, Brittany Force and Ashley Force Hood, Michael Neff and son-in-law Robert Hight. Force has been racing for more than 30 years. Since 1990 his team has won 17 NHRA Funny Car championships with Force personally taking 15 titles and winning more than 1,100 rounds of drag racing competition. He was inducted into the International Motor Sports Hall of Fame in Talladega in 2012.
PPG’s relationship with John Force Racing began four years ago when PPG territory manager Mike Clemons introduced the team to Envirobase High Performance basecoat, and Force decided to convert his paint operations to the waterborne system. Since then the relationship with PPG has grown. In February, John and Courtney Force spoke at the 2012 PPG Platinum Distributor Conference where they received a warm reception. They, along with Neff and Hight, will appear at the PPG booth at the upcoming SEMA show in Las Vegas.
“Racing is all about performance and that’s what we focus on,” says Force. “We expect top performance in every aspect of our operations including the paint we use. PPG is quality. Their products perform and they’ve been extremely supportive from the start. That’s why we’re working with them and why we have a solid relationship.”
For more information about John Force Racing, visit www.johnforceracing.com.
PPG: BRINGING INNOVATION TO THE SURFACE.™
PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in more than 60 countries around the world. Sales in 2011 were $14.9 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark and Envirobase High Performance is a registered trademark of PPG Industries Ohio, Inc.


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Osmo has tapped master perfumer Christophe Laudamiel, to help guide the Cambridge-based startup in bridging traditional fragrance industry expertise and innovative approaches to fragrance development. In addition to creating scents that replicate existing smells, he aims to shape novel perfume styles of the future, utilizing ingredients with new smells and artistic effects.
Laudamiel has 25 years of experience in fine fragrance creations, composing widely acclaimed scents for brands or personalities like Abercrombie & Fitch, Beyoncé, Estée Lauder, Thierry Mugler, and Tom Ford, as well as for museums and art installations. Also a graduate chemist, he has won numerous accolades, including Chemistry Olympiads medals and a lifetime achievement award from the Los Angeles Institute of Art and Olfaction.
Laudamiel shared, "I am thrilled to be joining the Osmo team building the world’s first AI platform for scent molecule discovery. The fragrance industry has mastered complex plant extractions, scent chemistries, and manufacturing at scale. But when it comes to discovering new scent molecules, there is a new opportunity to explore the billions of untapped molecules that human noses cannot screen on their own."
Alex Wiltschiko, CEO of Osmo, added, "Our technology is designed to complement the best expertise of the fragrance industry, by augmenting the skills of master perfumers. We are excited to welcome Christophe, a unique talent who embraces novel scent chemistry and engineering to elevate his art. As one of the earliest members of our team, he strengthens our commitment to creating fragrances that not only delight consumers but are also sustainable and environmentally responsible."


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Reliance Brands, a subsidiary of Reliance Retail Ventures, has acquired a 51% majority stake in couturiers Abu Jani Sandeep Khosla (AJSK) for an undisclosed amount. The strategic partnership is aimed at accelerating the 35-year-old couture house’s growth plans in India and across the globe, Reliance Industries said in a release on Tuesday. Abu Jani and Sandeep Khosla, the co-owners of the lebel, will continue to lead the design and creative direction of the brand.
“Reliance Brands Limited (RBL) has signed a definitive agreement to invest (either by itself and / or through its affiliates) in India’s foremost Couturiers Abu Jani Sandeep Khosla (AJSK) for a 51% majority stake,” as per the release.
Based in Mumbai, Abu Jani and Sandeep Khosla are the country’s premier couturiers and they are best distinguished for introducing mirrorwork, crushed cotton and silk, chikankari and khadi as couture. Started in 1986, AJSK’s couture label Abu Jani Sandeep Khosla is internationally feted for its quality and elegant style. Their fashion house Abu Jani Sandeep Khosla currently features three other labels, ASAL by Abu Sandeep, a diffusion, formal, occasion and wedding wear, womenswear label, GULABO by Abu Sandeep, luxe pret separates, featuring casual and formal wear for women and MARD by Abu Sandeep, a formal and occasion wear men’s label.
Isha Ambani, Director, Reliance Retail Ventures, said, “Teaming up with India’s foremost couturiers, who hold an unparalleled position in Indian fashion for their fine craftsmanship and impeccable attention to detail, techniques and embroideries is thrilling, as it allows us to build a stronger platform for their zealous commitment to reinvention of Indian craft. Inspiration from the old to create with a brand new approach is their gift."
“Abu Sandeep have been extraordinarily successful for over three decades and it is time that their endeavour to present their unabashed vision of luxury reached every nook and corner of the world, carving a unique space for the brand globally, making them true Ambassadors of Indian Style”, said Isha, daughter of billionaire Mukesh Ambani.
The statement said Reliance Brands is committed to championing the incredible Indian artisans and bringing forth their astonishing craftsmanship on the world stage.
"When we started Abu Jani Sandeep Khosla our mission was clear, we wanted to bring India’s impeccable craftsmanship and sense of style that had developed over centuries to the modern world. We wanted Indians to feel proud of our culture and we’re determined to ensure it was revered in the global fashion landscape. In the past 35 years, we have done just that, not only have we brought traditional techniques back to life, but we have also created new ones that reflect the tastes and culture of modern India,” said Abu Sandeep, who co-owns the label.
“With RBL's world-class team steering our brand onto the global stage, this is an exciting time for Indian fashion. With this new venture we hope to permanently place our craft where it belongs, at the best runways and racks across the world,” he added.
Reliance Brands (RBL) is a subsidiary of Reliance Retail Ventures, the retail unit of Reliance Industries. It had began operations in 2007, with a mandate to launch and build global brands in luxury to premium segments across fashion and lifestyle.
Boosted by the development, Reliance Industries (RIL) share price rose as much as 3.5% to hit a high of ₹2,730 on the BSE. Meanwhile, the BSE benchmark Sensex was up 501 points at 56,964 levels.


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Brazil Trade Last Previous Highest Lowest Unit; Balance of Trade 929085: 1034911: 1034911-406890: USD Million: Current Account
This page displays a table with Brazil Exports By Country in US dollars, according to the United Nations COMTRADE database on international trade , Value Year; China: $6336B , United States: $2986B 2019 Netherlands: $1013B 2019 Argentina: $979B 2019 Japan: $543B 2019 .
Oct 21, 2020· Brazil suspended its 8% import tariff on soybeans, soybean meal, and soy oil through Jan 15, 2021, and on until March 31, 2021 A tariff on rice imports also was recently suspended until the end of this year China has ramped up its imports of and soybeans as it rebuilds its hog population in the wake of the African swine fever .
Oct 25, 2019· The total value of Brazil-China trade has increased rapidly, rising from 32 billion US dollars in 2001 to 989 billion US dollars last year (Brazilian Minister of Economy) China represents over 30 percent of the Brazilian exports and also happens to be a country from which Brazil imports the majority of its products
US exports to China in 2018 were $12034 billion, down from $12989 billion in 2017 That downward trend continues as of the writing of this report – US exports of China were down 20% YoY through April of 2019 US exports of services to China were $589 billion in 2018
May 09, 2021· Meanwhile, Bloomberg writers Fabiana Batista and Dominic Carey reported on Friday that, “China’s appetite sent Brazil soybean exports to a record high in April, with the Asian nation working to feed its growing hog herd just as planted area for the oilseed may drop Brazil shipped 126 million metric tons to China in April, a 19% jump from a year earlier and the most in a single month in .
Apr 02, 2015· Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and ,
Oct 08, 2020· Note: US origin salted hog casings that were sent to China for selection can be certified for export to Brazil Lamb casings imported from New Zealand that have not undergone processing or repackaging in the US - Obtain FSIS Form 9060-18 (08/25/2011), Animal Casings Export Certificate for Countries Requiring Ante-mortem, Post-mortem, and .
Feb 17, 2021· Brazil’s weaker local currency make Brazilian exports paid for in stronger US dollars relatively less expensive for international buyers From a continental perspective, 528% of Brazil exports by value were delivered to Asian countries while 168% were sold to European importers Brazil shipped another 141% worth of goods to North America
Merchandise Trade statistics data for Brazil (BRA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year
May 19, 2020· A new rule issued by the Department of Commerce's Bureau of Industry and Security (BIS) will significantly expand restrictions on US exports of a variety of products, software, and technology to China, including materials processing, electronics, telecommunications, encryption and information security, semiconductors, sensors and lasers, and aircraft and propulsion items
Brazil–China relations refers to the current and historical relationship between Brazil and ChinaRelations between Brazil and China began in the early nineteenth century and continued until 1949, when they were disrupted by the creation of the People's Republic of China (PRC) Diplomatic relations between the PRC and Brazil officially began in 1974 with agreement on the establishment ,
April 21, 2015 Brazil’s thriving economy represents an exciting prospect for exporters Now the world’s seventh largest economy, with GDP per capita ahead of China’s – there’s been a huge expansion in the number of businesses active in the country over the last five years With GDP growth at around 34% and an EU free trade agreement .
Oct 19, 2020· US/Brazil bilateral trade in 2020, the lowest in eleven years A study by Amcham Brasil shows the value of trade between Jan/September 2020 was US,
Jul 24, 2018· Brazilian exports to China, which were two per cent of the total in 2000, have climbed over nearly two decades to reach 26 per cent in the first quarter of 2018, according to official figures .
In January’s US-China phase one trade agreement Beijing pledged to buy at least $80bn of US agricultural products over two years, including $365bn in 2020 — $125bn more than it spent in 2017
Apr 22, 2021· In 2020, China spent $67 billion USD on Brazilian exports, three times more than Brazil's second-biggest trade partner, the United States, which spent $21 billion In 2020, Brazil earned more than $29 billion USD from the sale of soybeans to China, the equivalent to 60601 million tons of the grain Soy has become the world's most sought-after .
Sep 01, 2019· The US and China imposed new tariffs on each other's exported goods on Sunday, the latest skirmish in the lengthy and contentious trade war between the world's two biggest economi US .
May 10, 2021· The Foreign Trade Division (FTD) provides Information on US export, imports, and balance of trade by commodity or product, country, district, port, and state showing quantity and dollar value Information is also available by method of transportation with dollar values and shipping weights available for air and vessel shipments Complete information on the export regulations and filing .
Jun 16, 2021· Brazil Export Eligible Establishments; , The products identified in the table above are eligible for export from the People’s Republic of China to the United States as determined by the United , Raw source materials used to produce product intended for export to the United States must originate from a certified establishment in an .
Services exports were $246 billion; services imports were $68 billion The US services trade surplus with Brazil was $178 billion in 2019 Exports Brazil was the United States' 9th largest goods export market in 2019 US goods exports to Brazil in 2019 were $429 billion, up 87% ($34 billion) from 2018 and up 642% from 2009
Sep 23, 2020· Brazil's JBS SA shipped 370 percent more US pork to China this year through Aug 31 than in the same period in 2017 JBS noted that exports comprised largely ,
Nov 06, 2019· China has not agreed for Xi Jinping to a stopover in US on way to a summit in Brazil, source says, with details of an agreement not yet finalised and removal of US tariffs still a sticking point .
Jul 20, 2020· In addition, Brazil’s manufacturers face non-tariff barriers when attempting to export to China While Brazil’s exports to China have soared since 2000, the overall effect has been to .
US$ 1460/mt in-quota rate and US$ 33870/mt prohibitive out-of-quota rate for raw sugar; and US$ 3661/mt in-quota with US$ 35740/mt out-of-quota for refined sugar Data: Up to 1982, Brazil was the number one supplier of sugar to the United States with exports of approximately one million mt per year Currently, the figure
Brazil export statistics reveal Brazil’s top export partners are China, United States, Argentina, Netherlands and Canada According to Brazil bill of lading data, Brazil is the largest national economy in Latin America and world’s 9th largest economy and 8th largest in purchasing power parity
Nov 18, 2016· Brazil and Canada – Trade Balance 2016 Between January to August of 2016, Brazil exported $1,568 billion to Canada, up 858% over the same period in 2015, which was $1,444 billion Imports were $1,219 billion, a sharp drop of 22% compared to the same period in 2015 that was $1,578 billion; resulting in a positive trade balance of US$349 .
Selected Export Bids, FOB Argentina Brazil US Black Sea OVERVIEW FOR 2020/21 Global production is forecast lower as reductions for Argentina, Brazil, the European Union, and the United States more than offset increases for China and India Global exports are down due to cuts to Argentina and the United Stat
Sep 04, 2020· On the flip side, however, sales to the United States and Mercosur countries dropped 32 and 29 percent, respectively, compared to 2019 China has topped the list of Brazil’s trading partners since 2009 and gobbled up 337 percent of Brazilian exports in the first half of 2020
Exports to Brazil in China increased to 4129300 USD THO in May from 3917100 USD THO in April of 2021 Exports to Brazil in China averaged 271452763 USD THO from 2014 until 2021, reaching an all time high of 7559500 USD THO in February of 2021 and a record low of 1211303 USD THO in February of 2016 This page includes a chart with historical data for China Exports To Brazil


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In a move that has been widely hailed as progressive and humanitarian, Amazon.com Inc. has announced that it will be raising the minimum wage of its employees to 15 rupees per hour—about a fifth of a US dollar—from the previous minimum of 10 rupees.
Jeff Bezos, Founder/Chairman/President/CEO/Evil Mastermind of Amazon, declared that “the health and welfare of the Amazon family is our highest priority. We’ve always prided ourselves on our humane conditions, and this is just one more step in making sure that everyone feels secure. We value and respect each and every one of our indentured servants.”
After the press release announcing this change was broadcasted, workers erupted into cheers and grateful tears. One young woman, Audrey Malona, described with excitement how she “might even be able to afford toilet paper this month!” Other employees were seen crunching the numbers on their work schedule, discussing how they might be able to reduce their weekly hours to 70 from the previous norm of 168 hours.
While this will bring the annual wages of many workers to approximately $800, an astounding number, it’s unclear how other companies such as Walmart, Harley-Davidson Motor Company, or that one coffee shop down the street that had workers chained to the floor plan to respond. Some analysts claim that minimum wage must rise across the board in order for companies to remain competitive, though most agree that wages might actually be lowered in order to further crush the spirit of any plebeians who dare hope to rise above their station. After all—as economics expert Chris Rogers points out—America is founded on the ideal of crushing the weak and pathetic.


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2013 was filled with some very big stories for the geeks and nerds out there. For people who really enjoys their technology and other geek/nerdy stuff, this post is for you! Here is my top 10 geeky stories for 2013!
There is a new currency out there that can be used anywhere around the world. Bitcoin is an online currency and is a proof of knowledge peer-to-peer payment network and digital currency based on an open source protocol. More and more businesses including a few in Alabama like Freshfully is now accepting Bitcoins! How long until major businesses like McDonald’s and Wal-Mart accepts them? I think Bitcoin is going to have a great 2014!
Playstation Four and Xbox One
For the 2013 Holiday Season, Sony and Microsoft introduced new gaming consoles! Both have sold a lot of units, but the Playstation Four has sold the most so far! I thought console gaming was dead because smartphones and computers was taking over in the gaming world. I guess many people proved me wrong!
NSA Snooping Programs Revealed
Why would our Federal Government be snooping on us? 2013 was a bad year for the Federal Government, not only because of the Healthcare.gov problems, but also because of the reported snooping from the National Security Administration, courtesy of whistle blower Edward Snowden. The public can not trust the Federal Government snooping on our social media posts, phone calls, and e-mails. It is a shame.
Doctor Who Turns 50
One of the most popular shows in the geek/nerd world is Doctor Who. The Day of the Doctor special was the biggest program for the geeks/nerds in 2013 with the special watched by many people on TV and in theaters. We also got to see the 12th doctor Peter Capaldi in action during the Christmas special!
Wearable Tech Is Growing
Products like Google Glass, FitBit, and the Samsung Galaxy Gear watch is changing how we use tech. Google Glass allows us to look at information and even take photos/videos from our glasses. FitBit makes sure we stay active and fit in our daily lives. And the Samsung Galaxy Gear syncs our smartphones with a wearable watch. I am interested to see what 2014 brings us in the wearable tech world!
The Federal Government took a big hit when their website called Healthcare.gov failed to sign up many people and was plagued with website error problems. Throughout 2013, the government worked on making the website better and right before the end of 2013, many people are able to access and sign up through Healthcare.gov.
Ban on Portable Electronic Devices Lifted
The Federal Aviation Administration is now allowing airplane passengers to use Portable Electronic Devices (PEDs) during all phases of flight including takeoffs and landings. But don’t look for many airlines to change their policies. Because who wants to sit next to a person yapping on their smartphones while at 30,000 feet up in the air?
Micro Videos Growing
This has been a great year for short or micro videos! The app Vine has been very popular with its six second video format that can be looped. And Instagram introduced a 15 second video option along with photos. I expect to see new apps and video features added to existing apps in 2014 because people love making short videos!
Twitter Goes Public
Twitter went public on the stock market this year and is the second social media network to be traded on the stock market. When Facebook went public, it struggled for a while but now is trading at good numbers. Twitter started high but now is starting to fall down as well. But not to worry, I think Twitter’s stock price will rise in 2014!
Amazon.com Growth Plus Drones
Amazon.com has had a great 2013. CEO Jeff Bezos and the company has done a lot of great things! But the most shocking thing has to be those Amazon drones. Yes, I do see Amazon and other companies using drones within the next 10 years. I know most people are skeptical but I think the kinks will be worked out and drones will be used!
- Top 10 tech stories of 2013 (rss.cnn.com)
- Bitcoin As An Alternative Currency? – Libertarian Vs Pragmatist (silveristhenew.com)
- Wearable Technology (sooolastyear.com)
- Choose Your Side: Are You A Geek Or A Nerd? (makeuseof.com)