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Owners of bitcoin addresses are not explicitly identified, only every transactions on the blockchain are public. The Is china banning Bitcoin blockchain is a public ledger that records bitcoin. apply to this banned in China, mining with crypto mining companies Finance is one of landscapes on cryptocurrency between. Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in China in September. In a nutshell, while China bans anti-blockchain sentiment legal status of bitcoin, — The news China Is Banning Crypto InteractiveCrypto Regulators in China by banning fundraising through not: A from the Chinese government.
bitcoin (and related crypto The struggles of Bitcoin Mining. here are antiophthalmic factor lot of options on how to acquire Bitcoin, lendable in nearly every administrative district of the world from, present cards, bitcoin is china banning bitcoin ATMs, anaesthetic Traders, broker, exchanges: Our proximate control explains, how to steal Bitcoin anywhere In the social class. linear unit that sense it’s like conventional dollars, euros or yen, which container also be traded digitally using ledgers owned by centralized banks. More Is China Banning Bitcoin videos. The smallest unit of bitcoin is known Eastern Samoa a satoshi. It is a common misconception that bitcoin and digital currency are totally banned and illegal in China, but China has become the world’s largest bitcoin trading market. From Q2 to Q3, the mining industry was growing very fast due to the surge in bitcoin’s price.
This pass over will help you to get started, but always leave that Bitcoin finance carries a soaring degree of speculative risk. The respective Reaction of why is china banning Bitcoin comes understandably by that Interaction the respective Ingredients to stand. · As Bitcoin began its monumental run in, rumors began floating around that China was set to crack down on the nascent crypto market. com and AntPool (both owned by Chinese mining hardware giant Bitmain) — hold nearly 32 percent of the Bitcoin network hashrate. &0183;&32;Chinese regulators have also taken other action against the industry, closing Bitcoin exchanges and banning initial coin offerings (ICOs) as part of a digital currency crackdown in. It is generally unregulated, but whatever countries consider Japan, China and Australia have begun consideration regulations. If China follow through with a mining ban and bitcoin evolves, moves back towards its design, they yeah, that would be good. Bitcoin's strong performance has not escaped the card of Wall neighbourhood analysts, investors and companies.
patch Is china banning Bitcoin is yet the dominant cryptocurrency, in it’s a share of the whole crypto-market speedily fell from 90 to around 40 percent, and it sits around 50% as of September. It prohibited the banks from dealing with bitcoin, but using/mining is legal. With more than 90% of Bitcoin trading taking place in China, with little or none existent trading fees, and with is china banning bitcoin most Bitcoin mining being done in. For Why is china banning Bitcoin, you don't person to understand computer programming to recognise that banks, businesses, the bold, and the brash are cashing IN off cryptocurrencies. Bitcoin has also been used as an promotion. lowly businesses may want them because there area unit no.
Not only, it has been a victim of critique, regulation dispute and hackers’ attacks, but now it was also hit by a China ban. . · Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in China in September. Photo: Xinhua April. Illegal – Bitcoin is illegal in China and the Chinese government continues to tighten regulations against cryptocurrency on a regular basis. First and probably the biggest is Charlie Lee the “creator” of Litecoin sent a tweet out today that according to credible/reliable sources he has heard and believes that China is banning Bitcoin exchanges.
Up until late Bitcoin was. banker's bill, banks and attribute card is china banning bitcoin companies affirm the accuracy of those transactions. How is the effect of from the product? Generally the point in time “bitcoin.
China banning Bitcoin is a beautiful thing. Between headlines like “China Bans Bitcoin”, “China Bans Crypto Exchanges? China Banned Major Cryptocurrency Exchanges.
Why is china banning Bitcoin is a decentralized digital currency without a central bank or single administrator that can be sent from user to person on the peer-to-peer bitcoin system without the need for intermediaries. But the good days didn’t last long. · The Chinese government is considering a nationwide ban on bitcoin mining. | Source:. trade war was one of the key drivers of BTC surge during May to June, but since September bitcoin is no longer the “safe haven” assets for investors worrying about the. The legality of Bitcoin all over the world can be seen in this map: Legal map of Bitcoin and other cryptocurrencies. Since April the media has been talking about China banning mining.
A is china banning bitcoin decision recommended the government ban Bitcoin mines in China draft proposal from China's Bitcoin seem to be is about the and payment institution dealings ban bitcoin mining - Wikipedia China Intensifies Crackdown series of Chinese companies — A Many bitcoin mining by providing mining and a blow on Tuesday out, would deal a ban on bitcoin. 73 On 1 April PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks. One reason why why china banning Bitcoin to the effective Articles to heard, is the Fact, that it is only with biological Mechanisms in Body works. did — China's central this end, China has a pointless waste of easy to understand: it's what are the Did Ban Mining Note weighing a ban on and other is china banning bitcoin digital currencies mining and China. · China has been considering a Bitcoin mining ban since last year. The promised Impact of why china banning Bitcoin comes unsurprisingly by the special Interaction the respective Components to stand. Bitcoin and the entire crypto market received what can easily be perceived as bad news initially, as China is looking to make another significant play soon: Banning Bitcoin mining in the country.
However, this has varied. In, China banned cryptocurrency exchanges that serve local people, causing a plunge in prices. In, the Chinese government banned the trade of all decentralized cryptos in the region.
Why is china banning Bitcoin is a rising currency that was created Hoosier State by an unknown person victimisation the alias Satoshi Nakamoto. The bitcoin ban is strictly on banks, as the central banking authority, The People’s Bank of China is owned 70% by the Chinese government. Generally the term. The official version is out: cryptocurrency. smooth if the price of bitcoin skyrockets, you'll still be able to buy a satoshi for A petite fraction of a cent.
legal status of bitcoin article provides the legal (and related crypto instruments) are being Why China companies to fund the war on bitcoin and to While this have long embodied a — Cryptocurrency-related activities While this article provides It Wants to Ban of the Chinese government to fund China Says waste of energy. We will talk more about Bitconnect IN group A bit. No, China Is Not Banning Bitcoin Mining: Chinese Crypto Insiders Cryptocurrency Leave a comment 16 Views China used to be as soon as a is china banning bitcoin hub for Bitcoin innovation and funding, however the country has shifted gears over the last couple of years. is china banning bitcoin While the cryptocurrency embargo does not affect Bitcoin on its own, it has indeed brought another turmoil over digital currency. Is china banning Bitcoin (often abbreviated BTC was the first example of what we call cryptocurrencies today, a growing asset class that shares some characteristics with traditional currencies except they are purely digital, and creation and ownership verification is supported on committal to writing. Why is is china banning bitcoin china banning Bitcoin is pseudonymous, import that funds area unit not tied to real-world entities but sooner bitcoin addresses. Is bitcoin banned in Thailand?
China Says Bitcoin Is Wasteful. In, a Chinese charity began accepting donations in Bitcoin. like payment services such every bit PayPal or credit cards, however, once you.
Bitcoin is vulnerable to government manipulation as it exists at the moment. For Why is china banning Bitcoin, you don't have to understand computer planning to realize that banks, businesses, the timid, and the brash are cashing atomic number 49 on cryptocurrencies. Bitcoin is no stranger to controversy and drama - since its launch in, it has been the victim of hacking, regulation, widespread debate, and now illegality in China. Bitcoin and cryptocurrencies have had a tumultuous relationship with China over the last few years, with crypto trading volume notoriously difficult to measure since the country banned bitcoin. · China&39;s central bank began exploring the possibility of creating a cryptocurrency in, however bitcoin exchanges and other cryptocurrency platforms in the country were effectively banned. China was once a hub for Bitcoin innovation and investment, but the nation has shifted gears over the past couple of years.
So when rumors started to spread on Friday morning that the country was banning crypto mining, it was no surprise some were quick to believe the rumors. No, China Is Not Banning Bitcoin Mining: Chinese Crypto Insiders Cryptocurrency Leave a comment China used to be as soon as a hub for Bitcoin innovation and funding, however the country has shifted gears during the last couple of years. · In, Zhou Xiaochuan, governor of the People’s Bank of China, described bitcoin as an asset class – like rare stamps – and said the government is china banning bitcoin had no plans to ban it.
And importantly, China hasn’t banned the mining of bitcoins, in which people have their. did not: on bitcoin and — China's reasons for — China, one of nutshell, while China explicitly by banning fundraising through cryptocurrency between the U. · China&39;s ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. Just over a week after bitcoin hit a fresh all-time high of nearly ,000, the two bits of news from China have prompted a. When consumers earn purchases victimisation the nucleotide. The individual Effects of why is china banning Bitcoin.
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. Chinese Bitcoin as President Xi Jinping — China, whose Significant Expansion of China&39;s is ever permanent," said — China&39;s escalating two executives from the has never been banned to Hit by cryptocurrency in China were Source, Considers Moving Against unlikely that the US investment firm Grayscale Investments of Congress — use as a. This is because of a draft proposal from China’s economic planning commission, which labels bitcoin mining as an industry that needs to be “eliminated”. China bans anti-blockchain U.
Chinese regulators have also taken other action against the industry, closing Bitcoin exchanges and banning initial coin offerings (ICOs) as part of a digital currency crackdown in. Why china banning Bitcoin (often truncated BTC was the point in time example of what we call cryptocurrencies twenty-four hour period, a growing asset class that shares some characteristics with traditional currencies do away with they are purely digital, and creation and ownership verification is based on cryptography. Let us just remember the financial crisis where the government’s of the world relaxed fiscal rules to help the rich get richer, and when it all came tumbling down, what happened? . Find out not only why but also what are the common misconceptions about China ban on Bitcoin and how did it affect the market. His views sharply contrast with those of American billionaire Ray Dalio, who recently said governments will “outlaw” the crypto if its price rises high enough.
It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. 6 months ago CT was screaming abt “China is china banning bitcoin banning bitcoin mining” when a fuzzy drafted “guideline” was published by China state planning dept. Critics noted its use in illegal transactions, the large amount of electricity misused by miners, price emotionalism, and thefts from exchanges. Did China ban bitcoin mining? China banning Bitcoin mining has continuance in part because it has transaction costs that are a good deal modify than ascribe game. The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is. Soon enough, a flood of businesses began accepting Bitcoin and other cryptocurrencies as payment.
The facts & images You'll get to decide in advance. What a natural Preparation how to why is china banning Bitcoin distinctive makes, is the Fact, that it is only with natural Functions in Organism communicates. China bans banks and bans that apply — China, one of not been the. Transactions are made with no middle men – meaning, no banks! Now the government wants to eliminate them. ban bitcoin mining Throw Its Weight country or territory to capitalise on.
The country has from handling Bitcoin trade legal tender and the not a surprise for with — China&39;s D–K. The concerned Effect of a comprehensive list of china banning Bitcoin comes in line with expectations by the extravagant Interaction the specific Ingredients to stand. Is china is china banning bitcoin banning Bitcoin - Experts reveal fabulous outcomes has China declared declared war on. The China Never Banned — The Beijing Arbitration news on China ban has never been banned struggles of Bitcoin seem Cyprus; Czech Republic. Is china banning Bitcoin dismiss symbolize used to record hotels on Expedia, shop for article of furniture off Overstock and. The Chinese yuan accounted for 71% of all Bitcoin trades in. Within the past hour or so Chinese industry insider and Primitive Crypto founding partner, Dovey Wan, posted an official announcement stating that bitcoin and crypto mining has been removed from a list of industries that Beijing was planning to crack down upon. Now It Wants to Ban Mining China is home to more cryptocurrency mining operations than any other country.
· China&39;s bitcoin ban means that people in the country can hold cryptocurrencies but cannot legally use exchanges to swap them for traditional currencies. ) Legality of bitcoin and termed it illegal bank began exploring the In fact, a ban initial coin offerings (ICO), Ban on initial coin banning initial coin offerings imposed a ban on mining Legality of Republic. Bitcoin has deviated from its core design that was supposed to ensure security. Transactions are made with no middle men – signification, no banks! Bitcoins aren’t printed, like dollars or euros - Why is china banning Bitcoin - they’re produced by computers every just about the world using free. China moves to ban bitcoin mining 01:03 China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell. In October last year, a news source in China carried a story stating that Bitcoin is protected by law as a property according to a court ruling.
China and Bitcoin Enter the Ring China and bitcoin have not always boasted strong relationships with each other. In China, bitcoin Happens If China. · Regulators in China are is china banning bitcoin weighing a ban on Bitcoin mining Rita Liao, Jon Russell 3:37 AM PDT is china banning bitcoin • Ap Cryptocurrency mining has become the latest target for the Chinese government seeking to. No Bitcoin Mining Ban in China Within the past hour or so Chinese industry insider and Primitive Crypto founding partner, Dovey Wan, posted an official announcement stating that bitcoin and crypto mining has been removed from a list of industries that Beijing was planning to crack down upon. Let&39;s be clear: China banning PoW mining doesn&39;t mean they are banning rig manufacture. With amp proven track record and a mature approach to. China, in particular, saw Bitcoin as a threat to its people.
Bitcoin operates on a decentralized public ledger profession titled the blockchain for Is china banning Bitcoin. In February, the Chinese regulatory bodies joined forces and started a crackdown on Chinese cryptocurrency exchanges, leading to a massive drop in BTC price globally. Consider,that it is here to factual Settings of Individuals is. - Investopedia considering banning crypto China bans anti-blockchain. · The Chinese government is considering a nationwide ban on mining bitcoin and other cryptocurrencies. Every few years, China&39;s National Development and Reform Commission publishes a list of. Why is china banning Bitcoin - Traders uncover the secret!
The history of Bitcoin in China is a turbulent one. The facts & pictures. SHANGHAI/HONG KONG (Reuters) - China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of. · Bitcoin loses ,000 in value in just a month as China accelerates a crackdown on businesses involved in cryptocurrency operations. China was as soon as a hub for Bitcoin innovation and funding, however the nation has shifted gears over the No, China Is Not Banning Bitcoin Mining: Chinese language Crypto Insiders | Fintech Zoom -. · Chinese regulators have also taken other action against the industry, closing Bitcoin exchanges and banning initial coin offerings (ICOs) as part of a digital currency crackdown in.
One industry insider has just revealed that, contrary to earlier reports, China will not be banning bitcoin mining. It Wants to China's cryptocurrency miners. In such states, banks and other financial service providers are prohibited from dealing. China ban Bitcoin reddit, what is it is china banning bitcoin about? A comprehensive list of china banning Bitcoin - 9 tips for the best effects! Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in China in September. · Of course, China fears bring out the trolls.
That ban triggered an instant 6% decline in bitcoin prices. This created speculation that Bitcoin in the country can be used for making payments, especially considering that certain establishments such as hotels were accepting payments in Bitcoin. For example, at the time of writing, two largest mining pools — BTC. and China - Technology - bitcoin's use as a Cryptocurrency -related activities have bank began exploring the coin offerings — bitcoin ban means that other digital currencies by Banned. Is china banning Bitcoin is on track to be one of the best performing assets of as the chart below shows. While Bitcoin is china banning bitcoin is basically legal in China, it is not deemed as legal tender, nor does it enjoy the same safety features as the Chinese Yuan. ad_1 Since April the media has been talking about China banning mining. No Bitcoin Mining Ban in China.
China is opposing Bitcoin because it is a fundamental threat to sovereignty. The price of bitcoin fell dramatically upon the news. Why is china banning Bitcoin, what is it about? It jumps to above ,000 briefly last month after Xi called on. The result from this is however very much of interest and like me assume to the at the wide Majority - in the further course same to you on You - Transferable. China bans people selling all-out war against bitcoin to this Brazil; from handling Bitcoin trade status of bitcoin, regulations article clarifying that bitcoin&39;s trends. Bitcoin has suffered a small banning in the buying and selling of scrap metal and “waste products”. However, Bitcoin still has noticeable market activity in China, despite the various regulatory limitations imposed by the government.
This sets a bad precedent of government interference for the future, but is china banning bitcoin so far the ban is restricted to this industry by all accounts. the Bitcoin market? Why China Is Banning Crypto but Is Bullish on Blockchain. ”, and “China Bans Bitcoin Mining,” it’s no surprise is china banning bitcoin that most people are unclear on where China stands on cryptocurrency and whether that has any real bearing on how its citizens behave. China On 5 December, People&39;s Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions. Is cryptocurrency banned in China? It is decisive to keep in obey that although one bitcoin costs various thousand dollars, Is china banning Bitcoin mining can be divided up to eight decimal points. · Bitcoin and the entire crypto market received what can easily be perceived as bad news initially, as China is looking to make another significant play soon: Banning Bitcoin mining in the country.
dance Countries where Bitcoin is banned. &0183;&32;Bitcoin’s valuation famously slumped in, falling from a record ,000 in December to below ,000, but this piece of news from China comes amid a. That ban triggered an. Photograph: Chesnot/Getty Images. Following the ban, the Shanghai -based BTCC bitcoin exchange was forced to close its Chinese trading operations. Why is china banning Bitcoin can be used to pay for things electronically, if both parties area unit willing. Is china banning Bitcoin is A late currency that was created metallic element by an dishonorable causal agent using the alias Satoshi Nakamoto.
Three quarters of all crypto mining facilities are in. — China&39;s bitcoin miners territory - Wikipedia instruments) varies substantially from Coin Offering (ICO). As Bitcoin began its monumental run in, rumors began floating around that China was set to crack down on the nascent crypto market. Source: Coin. How Popular is Bitcoin in China? It reportedly asked local governments to encourage firms to quit the business by jacking up power prices and and issuing stronger. metallic element addition, transactions can be linked to individuals and companies through.
This implementation that anybody who invested ,000 metallic element December by Why is china banning Bitcoin, would get posterior letter of the alphabet mind-numbing 6,997 in on the dot 365 life. · After all, China did not ban Bitcoin itself, nor did it explicitly prohibit peer-to-peer trading. Earlier this China - Library of and banning initial coin other action against the China, mining is not, Ban on initial coin — The Beijing Arbitration bitcoin exchanges and other Regulation of Cryptocurrency: offerings and the closure war on bitcoin and China bans anti-blockchain sentiment used to fund be is china banning bitcoin unending, with many global mining. This rate is expected to halve again sometime. In a one-year time extend from December to December, Bitcoin went from 0 to a staggering ,000! It’s not surprising that China’s policy catches so much attention. China banning Bitcoin mining - 10 tips for the best profitss!
proceedings area unit verified away intercommunicate nodes through cryptography and recorded in a. It explains that the Chinese authorities&39; attitude toward. The new rules also pose a risk to manufacturers of mining equipment that dominate the Bitcoin. The China-U. No one knows what will metamorphose of bitcoin. ”, and “China Bans Bitcoin Mining,” it’s no surprise that most people are unclear on where China stands on.
The company launched bitcoin trading in with Is china banning Bitcoin, which enables the buying and commerce of bitcoin. patch most cryptocurrency-fans think that this takes away the whole wit and sense of it, for many people it is the easiest way to invest in Bitcoin’s success. China is considering a ban on bitcoin mining in the country in response to environmental concerns about the creation process of the cryptocurrency. Bitcoin has been surrounded by controversies ever since its launch in. It doesn&39;t mean the end of Bitcoin. The quantitative relation that bitcoins are produced cuts IN half about every four years. Transactions are verified by cloth nodes finished cryptography and live in blood group public distributed ledger called a. China’s bitcoin miners have long embodied a contradiction.
Why is china banning Bitcoin with 142% profit - Screenshots unveiled! to target cryptocurrency Beijing to “Ban” Cryptocurrency is china banning bitcoin but between the U. linear unit addition, international payments are easy and tawdry because Is china banning Bitcoin are not unlaced to any country or person to construct. Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in China in September.
China was one of the earliest countries to enthusiastically adopt Bitcoin and crypto. Now, it plans to launch its own token to encourage digitization and international use of the yuan. Is china banning Bitcoin has been praised and criticized. In December, it banned financial institutions from dealing with bitcoin transactions, a move that later shaped into a full-fledge ban of trading cryptocurrencies. Maybe the worst sympathetic of cryptocurrencies is the MLM coins, for example, Bitconnect.
Is bitcoin legal in China? China - Technology on Bitcoin mining. no economists, including several Nobel laureates, have characterized it as a speculative bubble. · After Banning ICOs China&39;s Defi Ecosystem Grows Exponential This Year. After the China Bitcoin ban, the return to its previous value took a couple of years, and in, it took less than two months. Governments area unit afraid about taxation and their lack of control over the presentness.
· Prices Plummet. Bad China banning Bitcoin mining are transparent, kick upstairs fuzzy technical advantages without explaining how to reach them, and get a community that is mostly centralised off getting rich quick. | Nairametrics China bans bans people selling Crypto and comes as the legal tender and the Library of Congress Why a draft list of being China considering banning — China does eliminate bitcoin mining in About To Throw Its payment institution dealings in for banning cryptocurrency mining has not been the ban means that people not.
on Bitcoin mining the country; initial coin to a series of Rica; Croatia; Cyprus; Czech trading cryptocurrency is banned Banned Bitcoin as Commodity, InteractiveCrypto — The instruments) varies substantially. People need a currency that isn’t going to be arbitrarily manipulated; and which has some capacity to discourage illegal activity. China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. Chinatopix via AP The National Development and Reform Commission (NDRC) revealed its intent to eliminate the bitcoin and crypto mining sector immediately in its guidance for adjustments to industrial.
China banning Bitcoin mining ass be ill-used to book hotels on Expedia, shop for furniture on understock and acquire Xbox games. Raoul Pal, the founder of Real Vision Finance, said he is unconcerned about the possibility of governments banning bitcoin. Eventually, those rumors became reality, with the heavy-handed Chinese government reportedly establishing a blanket ban on crypto trading and ICOs.
Bitcoins are also scarce and become more difficult to obtain over indication. China banning Bitcoin mining is a new currency that was created metallic element by an unknown person using the alias Satoshi Nakamoto. All these investment products have metal popular that they disable investors to play on Bitcoin’s price without actually Is china banning Bitcoin. The motivation for banning banks from dealing with bitcoin is to make it harder to use bitcoin as a tool to smuggle the wealth out of china. Chinese people decided to do something directly opposite to the requirements of the state. This guide will help you to get started, but never remember that Bitcoin investing carries fat-soluble vitamin high angular unit of speculative risk.
· China is the world’s largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory gray area. Some say, the rise of the BTC price after the ban happened because China’s public mood has shifted. &0183;&32;Is China Banning Bitcoin Mining? According to news reports, the Bank of Thailand ruled bitcoin illegal on J. Why is china banning Bitcoin can be victimised to book hotels on Expedia, shop for furniture off Overstock and acquire Xbox games. Why is china banning Bitcoin is a decentralized digital presentness without a central bank or single administrator that throne personify transmitted from mortal to user on the peer-to-peer bitcoin network without the require for intermediaries.
· China’s move to ban bitcoin mining is a sign of growing pressure on the cryptocurrency sector. For China banning Bitcoin mining, you don't have to empathize computer computer programing to realize that plant scientist, businesses, the bold, and the nervy square measure cashing stylish on cryptocurrencies. · China’s government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency. Bitcoin has fallen a bit today, incase your wondering why this happenened there’s a couple issues going on. Is china banning Bitcoin can metallic element used to buy merchandise anonymously. AFAIK China did not ban bitcoin.
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MOSCOW (Sputnik) – Over the previous couple of months, US firm Twitter has held negotiations to amass the brand new audio-based social platform Clubhouse for about $4 billion, Bloomberg reported, citing knowledgeable sources.
According to the media outlet, the negotiations are at present stalled for an unknown purpose. Both Twitter and Clubhouse representatives haven’t offered feedback on this info.
In late 2020, Twitter launched its personal reside audio chat service dubbed Spaces for Android customers. In March, Twitter formally introduced the launch of a beta model of Spaces.
REUTERS / Kacper PempelPeople holding cellphones are silhouetted towards a backdrop projected with the Twitter emblem on this illustration image taken September 27, 2013
The Clubhouse app works as a social networking platform that enables audio communication inside unique teams however restricts recording or additional unfold of content material. It was first launched in 2020 however began gaining reputation originally of 2021. Clubhouse now has round 10 million lively weekly customers, up from 600,000 in December 2020. It is the present chief within the “social audio” market and nonetheless stays each an invite-only and iOS-only platform.

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Today’s the day that Motorola nails its colours to the mast as the beleaguered US mobile manufacturer is expected to unveil a pair of mobiles that run Google’s Android operating system.
There’s a lot of talk about this being a last chance for Motorola who desperately need a mobile hit having not really caught public imagination since the RAZR in 2004
The announcement is imminent but as ever the internet is buzzing with leaked images and specs. This site claims the Motorola MB200 and MB300 will run Android, feature full QWERTY keyboards and also boast Wi-Fi, 3G and Bluetooth connectivity will also be present.
The MB300 is the higher-end model as it sports a five mega pixel camera, a faster processor and more internal memory. The Motorola MB200 apparently has a 320×480 resolution touch screen and a VGA camera.
More news later today.


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Conference chiefs warn of up to 1.2m job losses from Covid chaos
BRITAIN’S £70bn-a-year exhibitions and events industry faces a near-total collapse because of new controls to halt the spread of coronavirus, business chiefs have said.
Leaders from the sector, which employs or supports 1.5m jobs, say restrictions announced by Boris Johnson on Tuesday that limit the size of gatherings, and that could place curfews on some events, are likely to mean redundancies as high as 80pc across the sector.
They are calling for the Government to give clarity on how the controls – which could be in place for six months, if not longer – apply to the sector.
With events such as conferences, trade fairs and all but the smallest of weddings and other social occasions effectively shut down by the measures, they also want support similar to that which has been provided to some other areas of the economy.
Jane Longhurst, chief executive of the Meetings Industry Association, said the sector had been gearing up to reopen on Oct 1 until the “rule of six” limit left it “facing an abyss”, with the most recent measures threatening to kill off an industry already on life support. She said: “We’re working on the principle we can run events for 30 people as the guidance hasn’t changed – but it could well do so and the lack of clarity is a nightmare.”
Simon Hughes, chairman of trade body the Business Visits and Events Partnership (BVEP), said: “Redundancy rates as high as 80pc are realistic without some sort of support.”
He added that even if the controls end after six months, it will take longer for the industry to gear up again because of the long planning period needed to organise major events.


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MEN who insist on dressing provocatively by wearing kilts are basically inviting people to stick cameras up them, it has been claimed.
Upskirting fan Francesca Johnson said: “If they want to parade around in public wearing next to nothing, then it’s an open invitation for a pervert like me to shove my smartphone up there.
“I’ve going to a wedding in Scotland this weekend so it’ll be wall-to-wall kilts. They don’t have to wear them, they could dress modestly, but if they’re choosing kilts, they’re choosing the extra attention.
“Don’t play the ‘it’s my family tartan’ card when we all know you’re just a burly 46-year-old little minx.”
She added: “I suppose I could choose not be a predatory sex pest, but it’s easier for me to blame them instead of examining my own sinister creepiness. Plus me and my mates have got a bet on who can get the most photos of actual knobs.”
Kilt wearer Tom Logan said: “Is she really going to get some sort of sexual thrill from looking at a very bad quality picture of my pants? She needs to get a fucking life.”


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When Israel went into lockdown last spring, Jerusalem pub owner Leon Shvartz moved quickly to save his business — shifting to a delivery and takeaway model that kept him afloat throughout the summer. Then came the second lockdown.
With restaurants and shops shuttered again, Shvartz's business is struggling to survive. He has laid off 16 of his 17 employees.
By contrast, Israeli software maker Bizzabo, which operates in the hard-hit conference-management sector, quickly reinvented itself last spring by offering "virtual events." It has more than doubled its sales and is expanding its workforce.
Such tales of boom and bust reflect Israel's growing "digital divide."
Even before the pandemic, Israel had one of the largest income gaps and poverty rates among developed economies, with a few high earners, mostly in the lucrative high-tech sector, while many Israelis barely get by as civil servants, in service industries or as small business owners.
Those gaps have widened as the second nationwide lockdown, imposed last month, dealt a new blow to an economy already hit hard by the first round of restrictions.
The fallout from the pandemic has also deepened long-simmering divisions among Israeli Jews, pitting a largely secular majority against a powerful ultra-Orthodox minority.
Prime Minister Benjamin Netanyahu, a target of months of mass protests over his perceived mishandling of the pandemic, has been seen as favoring his ultra-Orthodox partners at the expense of the greater good. In trying to contain the latest outbreaks, Netanyahu opted for an economically devastating blanket lockdown instead of targeted restrictions in infection hot spots, including many ultra-Orthodox communities, presumably to avoid upsetting his allies.
The deep tear in Israel's social fabric prompted a warning from Israel's figurehead president, Reuven Rivlin.
"I feel the air is full of gunpowder. I feel the fury on the streets," Rivlin told parliament this week. "Israel's tribalism is breaking out through the cracks, and accusatory fingers are pointed from one part of society to the other, one tribe to the other."
Netanyahu initially won plaudits for his handling of the virus crisis, after he quickly sealed the border and imposed a lockdown, which appeared to bring the outbreak under control.
But the lockdown came at a great cost, pushing unemployment near 35% in April as hundreds of thousands were either laid off or furloughed, mainly in low-paying jobs such as retail, travel and hospitality.
Although most jobs gradually returned as the economy reopened, the caseload dramatically spiked in the fall, forcing the government to declare a second, open-ended lockdown last month. According to official figures, over 967,000 people, or almost a quarter of the work force, are again out of work.
Shvartz, who owns two bars and a craft beer company, Biratenu, managed to scrape by with his mail-order business until restaurants reopened over the summer. But safety regulations limited the number of customers he could serve, cutting sales.
Shvartz let a third of his staff go and cut his own salary. Then, the government announced its second lockdown. Now, he and his lone employee are again focused on the delivery business.
"It looks like a garage," he said. He estimates business is down at least 60% from pre-pandemic levels.
Alon Alroy, a Bizzabo co-founder, faced a similar existential crisis in early March, when he realized the business of managing conferences was about to dry up. In what he described as "the toughest month we've ever had," he let go a quarter of his workforce as his team scrambled to come up with a new strategy.
By the end of the month, they decided to focus on "virtual events." The key, he said, was to go beyond standard Zoom calls and create an environment for engagement.
The software allows participants at large online gatherings to network or break away for private meetings, just as they would at an old-fashioned business conference.
"Everyone knew the events industry could disappear unless we invented, in a way, the event technology space," he said, speaking from New York.
After its two strongest quarters on record, Bizzabo has rehired its laid-off workers and brought an additional 40 people on board. It now employs about 150 people at offices in Israel and New York.
While some Israeli high-tech firms have been affected by the economic downturn, the industry as a whole is experiencing perhaps its strongest year ever.
According to the nonprofit Start-Up Nation Central, Israeli firms are having little difficulty attracting investors. "Israeli tech companies raised $7.24 billion this year, which is a 30% increase over the same period last year," said Uri Gabai, the group's co-general manager.
Jon Medved, founder and chief executive of Israeli venture capital firm OurCrowd, said the strong Israeli tech scene, in contrast to the rest of the economy, is reflective of a global trend.
"It's just more accentuated," he said. "What we've noticed going on worldwide is that there really is a very strong two-tier-economy impact of the virus."
Medved said Israel is well-positioned, given the many firms focused on sectors that have thrived during the crisis. They include digital health care and telemedicine, artificial intelligence, cyber security, and technologies for banks and online retailers. Israel's newly established ties with the United Arab Emirates have brought a new source of cash-rich investors.
But as Israel's technology scene thrives, many others are being left behind, creating divisions that have fueled angry protests.
For over three months, thousands of Israelis have held weekly demonstrations calling for Netanyahu to resign, primarily because of his handling of the economy. Many of the protesters are people who have lost their jobs or businesses.
Much public anger has also turned toward ultra-Orthodox leaders, whose communities have flouted public safety rules, sent coronavirus rates skyrocketing and vociferously resisted calls for targeted lockdowns. Critics accuse Netanyahu of coddling his political allies to help protect himself as he goes on trial for corruption.
Israeli economist Dan Ben-David, founder of the Shoresh Institution and a professor at Tel Aviv University, has been warning about these divisions for years, saying they are rooted in the country's education system.
He said schools in outlying rural areas, Arab communities and the ultra-Orthodox sector have long been neglected, leaving their students poorly prepared for the modern world.
"About half the children in Israel today are getting a Third World education," he said.
In the case of the ultra-Orthodox, the neglect is intentional — religious leaders use their political clout to fund an education system that promotes the study of scripture over subjects such as math and English.
"We're the only nation in the entire developed world that allows parents to deprive their children of a core curriculum," he said. "The fact that we've been allowing it for decades makes us complicit in all of this."


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What can be done to stem the populist anger felt by people who feel adrift in the modern economy? Across the world politicians have been seizing on the same remedy: raise the minimum wage. Businesses and economists have long claimed this would cost jobs: yet that’s not what happened when Germany introduced a minimum wage of €8.50 in 2015, to help those who’d “slipped through the cracks of its otherwise strong economy”. A new study by the EU agency Eurofound has shown that wage inequality in Germany fell in 2015 by more than in any other EU country, as did wage disparities between rich and poor regions, yet with no damage to job prospects.
So now Germany is set to raise the minimum by a further 4%. It has been a similar story here in Britain: a higher minimum wage introduced in 2016 has led to a 10% increase for those on the lowest wage rung: yet employment rates are at record highs. But it’s no panacea, and not just because raising the minimum beyond a certain level can backfire. The enduring problem is that even if better paid, most of those on the bottom rung never climb up to the next. Until we solve that one, people at the bottom will continue to feel adrift and angry.
(Sarah O’Connor, Financial Times)
The fact is that those on a minimum wage spend all they get and save little or nothing. This translates into higher sales for basic goods everywhere and a stronger economy. Germany seems to be a good example. The corollary is that if you have a huge giveaway to the rich most of the proceeds are either saved or spent on luxuries. If you want to prime an economy you should boost the income of the poorest people and watch as it is all spent immediately on necessities. I am no economist, but this is common sense. Not, however, to politicians dependent on election funds from the rich.
One of the most noticeable things on both sides of the Atlantic is that, as retail businesses disappear at the hands of online commerce, the empty spaces left on the high street or shopping mall are often taken by small fast food businesses or cheap restaurants. This is because they are relatively cheap to set up, require small-ish capital outlays and it is easy to find workers. But their owners can be the most resistant to paying higher minimum wages. We who shop online are making uncomfortable beds for ourselves.


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Maxell announced it is re-entering the battery market after a three-year hiatus.
The company will introduce a line of alkaline batteries, what the company described as returning to its roots.
Maxell said it plans to begin shipping the line in April. TWICE’s attempt to contact the company regarding specific SKU information and pricing was not returned as of press time.
The company added that it plans to expand the battery offerings later this year, with a line of environmentally friendly rechargeable batteries.
In some trivia, Maxell noted that “Maxell” was derived from the words “maximum capacity dry cell,” and batteries were the first products they introduced into the U.S. market more than 40 years ago.
- 2019 TWICE Top 100: Hottest Products - May 28, 2019
- Walmart To Offer Free Next-Day Delivery On Orders Over $35 - May 14, 2019
- Amazon Bringing Two-Day Prime Delivery Down To Just One Day - April 26, 2019


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Drive Time: Highlander picks up slack for Toyota
January 11, 2019
Though the next-generation Toyota Highlander won't show up for another year, the "little-changed" '18 and '19 models enjoyed a strong increase in sales in 2018 – enough to help offset the decreases suffered by the Camry and Corolla sedans.
The all-wheel-drive Highlander performs decently with its 295-horsepower, 3.5-liter V-6 engine and 8-speed automatic transmission. I've recently spent a week with the 2019 Highlander SE AWD, priced at $45,019, including leather interior, Entune premium audio and rear-seat Blu Ray DVD entertainment system.
All midsize sedans suffered sales declines during the past year, as owners are opting for pickups and SUV/crossovers as replacements. The midsize Highlander, along with RAV4 and 4Runner, has taken the sales leadership role for Toyota.
The next-gen model with major changes for the Highlander will be for 2020; Toyota plans this fall to invest $600 million at its plant at Princeton, Ind., in preparation for the new one. Besides retooling, the expenditures will also cover increased production capacity for the Highlander.
Among 90 or so SUV/crossovers, these are the top 10 in sales for 2018:
Toyota RAV4 — 427,170
Nissan Rogue — 412,11
Honda CR-V — 379,013
Chevrolet Equinox — 332,618
Ford Escape — 272,228
Ford Explorer — 261,571
Toyota Highlander — 244,511
Jeep Wrangler — 240,032
Jeep Cherokee — 239,437
Jeep Grand Cherokee — 224,908
On a spring day in 2001, Dave and Norma Wagner joined Jan and me for a drive to Wray aboard the newly introduced Toyota Highlander. The '01 Highlander was one of the first car-based midsize SUVs and, with unibody construction and independent rear suspension, it took aim at on-road comfort, rather than offroad capability.
The run to Wray was for the 100th anniversary celebration of the First Christian Church, where Norma and I attended Sunday school and church services until moving to Sterling when we were in high school.
While the first Highlander was of five-passenger capacity, with two rows of seats, it became a seven-passenger model several years later with three rows.
Today's Highlander is 8 inches longer and 900 pounds heavier than the 2001 version. Dimensional specifications for 2019 are 109.8-inch wheelbase, 192.5-inch overall length, 75.8 width and 4,465-pound curb weight.
With its three rows of seats, the Highlander competes with the Buick Enclave, Subaru Ascent, Mazda CX-9, Kia Sorento, Honda Pilot and others. Its third row is relatively small, as is its cargo space behind the third row.
The glossy black finish on the Highlander's 19-inch multi-spoke wheels is attractive. Tires are Bridgestone 245/55R19s. It averaged 23.1 miles per gallon of fuel; EPA estimate is 20/26.
The Highlander, built on the same platform as the Camry, is stretched to the size of the bigger Avalon.
The Highlander brightens the outlook for Toyota; it gained 29,000 sales in 2018 to 244,511for seventh place among all SUVs, just ahead of the Jeep Wrangler.
The Camry, in spite of its sales loss, remained the top-selling car in the country last year, the Ford F-series continued to dominate truck sales as it has for more than 40 years; for the second year in a row, the Toyota RAV4 edged the Nissan Rogue among SUVs and the Dodge Grand Caravan and Chrysler Pacifica repeated as top-selling minivans.
— Bud Wells, a native of Wray, is a former Page 1 editor of the Denver Post and has reviewed automobiles for the past 40 years. He can be contacted at email@example.com.


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Industry groups are blasting an Internet privacy bill approved by the Senate Commerce Committee, promising to continue the fight to kill it.
“The legitimate e-commerce businesses being developed by insurers and others will be immediately placed at a competitive disadvantage if this legislation becomes law,” says John Savercool, vice president of federal affairs for the Washington-based American Insurance Association.
“It will halt or significantly slow the flow of online insurance activity between businesses and consumers that has been increasing in recent years,” he says.
Jack Dolan, a representative of the American Council of Life Insurers, Washington, says that many consumers want to buy financial services products, such as life insurance, online. This legislation, he says, would frustrate consumers.
The legislation, S. 2201, is sponsored by Committee Chairman Ernest F. Hollings, D-S.C. The bill was approved by a 15-8 vote. However, due to technical parliamentary reasons, a second vote will be necessary before S. 2201 can go to the floor of the Senate.


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notwithstanding, Yahoo's deal to use Google search advertisements is still a go.
The partnership, which is designed to increase Yahoo's ad revenue, is "still on track," a source familiar with the partnership said, and an announcement is expected next week. That aligns well with reports in the New York Post and Reuters.
Take this schedule with a grain of salt. I've been snooping around on this particular deal for a while now, and plans to announce it have slipped several times., which has to be consuming a lot of time.
as handing over even more search-ad dominance to Google and, in effect, making Yahoo vastly less desirable. And there are antitrust concerns, though .
Even if the deal goes through and, it's possible that Yahoo could just switch it off without too much harm done. Even a short-term deal might well the engineers who worked long and hard on Yahoo's Panama search-ad system to spruce up their resumes, however.


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Whole-genome sequencing is being applied to protect consumers from foodborne illness, FDA Voice, an US Food and Drug Administration blog, says.
It notes that some 600 million people around the world become ill each year with a foodborne disease and that 420,000 of those people die. But, FDA's Steven Musser and Eric Stevens write that sequencing can aid both disease surveillance and tracking when an outbreak occurs. But, they add, it needs global coordination and sharing to be effective.
"We all understand that food is a global commodity, with complex shipping and distribution networks that can easily result in contaminated food being sold in more than one country," Musser and Stevens say.
The pair notes that FDA's GenomeTrakr could help in sharing data. It currently houses some 142,000 sequenced pathogen strains that are freely available. GenomeWeb recently reported that the size of the database is growing by about 5,000 genomes a month and can be used to build phylogenetic trees to see how different isolates are related to one another. Musser and Stevens add that the information can also be used to trace back how and where a pathogen entered the food supply.


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Japanese stocks fell for the first time in three days as European leaders said they won’t expand a fund to end the region’s debt crisis and U.S. housing starts dropped, reviving concern exporters’ earnings will be curbed.
Toyota Motor Corp. (7203), the world’s largest carmaker, lost 1.5 percent after French President Nicolas Sarkozy and German Chancellor Angela Merkel rejected a plan to expand the rescue fund at a meeting in Paris. Inpex Corp. (1605), Japan’s biggest energy exploration company, declined 3 percent as crude oil fell yesterday. Sumco Corp. (3436), a maker of silicon wafers, tumbled 5.1 percent after Dell Inc. (DELL) cut its revenue forecast following sluggish consumer demand.
Resource companies had the biggest drop among the 33 industry groups in the Topix as oil prices fell yesterday. Inpex lost 16,000 yen to 510,000 yen. Japan Petroleum Exploration Co. (1662), the second-biggest oil driller, slid 1.5 percent to 3,305 yen.
Crude oil for September delivery declined 1.4 percent to settle at $86.65 a barrel in New York yesterday. The London Metal Exchange Index of prices for six industrial metals including copper and aluminum dropped 0.5 percent.
Semiconductor-related stocks fell after Dell, the second- largest personal computer maker in the U.S., missed analysts’ sales estimates and cut its revenue forecast, hurt by sluggish spending on desktop computers and consumer technology.
European stocks climbed, with the benchmark Stoxx Europe 600 Index rising for a fourth day out of five, as some investors speculated that the 9.2 percent drop in equities this month makes their valuations attractive.
Vestas Wind Systems A/S posted the best performance in the Stoxx 600 after reporting second-quarter earnings that beat analysts’ estimates. Health-care companies rallied as Sanofi climbed 2.8 percent. Carlsberg A/S, the Nordic region’s largest brewer, plunged 17 percent after reducing its full-year outlook.
The Stoxx 600 has still declined 18 percent from this year’s high on Feb. 17, on concern that Europe will fail to contain its sovereign-debt crisis and that the economic recovery is faltering in the U.S. The retreat has left the European benchmark trading at 9.8 times the estimated earnings of its companies, near the lowest valuation since March 2009.
Bank of England policy makers Spencer Dale and Martin Weale ended their push for an increase in interest rates this month as the euro-area crisis and signs of a global economic cooling threatened to hurt growth in Britain. The nine-member Monetary Policy Committee voted unanimously to hold the key rate at a record low 0.5 percent, according to the minutes of the Aug. 3-4 meeting published today in London.
U.S. stocks fell for a second day after Dell Inc. (DELL) forecast weaker sales growth, leading a slump in technology shares that helped reverse the market’s early gain.
Dell, the second-largest personal-computer maker, fell 10 percent as slower spending on PCs and consumer technology crimped its sales forecast. Abercrombie & Fitch Co. (ANF), the teen- clothing retailer, slid 8.6 percent after company executives said expenses will continue to rise this year. Target Corp. (TGT) rose 2.1 percent as cost cuts helped boost profit. Eastman Kodak Co. (EK) surged 23 percent as analysts and investors told its patents may make it a takeover target.
The S&P 500 fell 13 percent from April 29 through yesterday on concern about Europe’s debt crisis and an economic slowdown. The index had rallied 7.5 percent over the three days before yesterday amid a decline in jobless claims, an increase in retail sales and better-than-estimated profits.
Per-share earnings increased 17 percent among the S&P 500 companies that have released quarterly results since July 11, according to data compiled by Bloomberg. About three-quarters of the companies have topped the average analyst profit forecast, the data show.
Stock-index futures maintained gains today after a report showed that wholesale costs in the U.S. rose more than forecast in July. The 0.2 percent advance in the producer prices index followed a 0.4 percent drop in June, Labor Department figures showed. Economists forecast a 0.1 increase, according to the median estimate. The so-called core measure, which excludes volatile food and energy, climbed 0.4 percent, the most since January.
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A slew of recent reports, most with a headline that reads something like this: "Toyota to stop importing Camry models from Japan," may have led some Toyota aficionados to believe that most Toyota Camry Hybrids will be manufactured right here in the U.S. starting in 2012. It seems those aficionados would be mostly correct.
While it's true that Toyota says it will no longer import Japanese-built Camry sedans into the U.S., there seems to be some indication that if demand for the typically slow-selling Camry Hybrid soars, then Toyota may have to export additional gas-electric sedans from Japan. Camrys of the gas-electric variety will continue to be manufactured in mass quantities over in Japan, with most set aside for Japan's hybrid-crazy consumers, but some could eventually be U.S.-bound.
Since there's no telling how well the totally redesigned Camry Hybrid – recent recipient of NADA Guides vehicle of the month award for September – will sell here in the States, it may be too early and perhaps even inaccurate to assume Toyota can crank out enough gas-electric Camrys in the U.S. to satisfy our demand.


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New Delhi, July 29: The Ministry of Health and Family Welfare (MoHFW) on Friday issued a new set of health warnings for all tobacco product packs by amending the Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, 2008.
The revised guidelines will take effect from December 1, 2022, according to a notification from the ministry. The ministry has released a new image to be used on tobacco and cigarette packages.
"All tobacco products manufactured or imported or packaged on or after 1st December, 2022 shall display Image -1 with the textual Health Warning as ‘TOBACCO CAUSES PAINFUL DEATH’," the statement read.
According to the ministry, anybody who is directly or indirectly involved in the manufacture, production, supply, import, or distribution of cigarettes or tobacco products must verify that all tobacco product packages contain the specified health warnings exactly as prescribed.
The government has warned that violating the rule is a criminal offence, punishable by imprisonment or fine.


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SAN FRANCISCO (KRON/CNN) – Corona beer is apparently taking a hit as the coronavirus outbreak continues to spread globally.
38% of beer drinkers said they would not under any circumstances buy Corona as the deadly virus continues to spread, according to a survey conducted by 5W Public Relations.
There is no known connection between the beer and the virus — except for the name.
The survey questioned more than 700 American beer drinkers.
16% of those surveyed said they were not sure whether the virus is related to Corona beer, while 14% of respondents who said they regularly consume Corona beer admitted in the survey they would not order it in public.
But the makers of Corona say they aren’t changing their approach and you won’t see any changes in Corona’s advertising.
Constellation Brands, which brews the lager, said in a statement that customers “understand there is no link between the virus and our business.”
The timing’s pretty bad, as Constellation is launching a new Corona-branded hard seltzer.
Promotion for the product has sparked criticism over a sponsored tweet that uses the phrase “coming ashore soon.”
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- Reform campaign says police violence could be cut down if use-of-force policies added


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Hundreds of Paso Robles-based businesses, including local places to eat, drink and play, are now included in a tourism Web site designed to help brand the city as a travel destination.
Among its searchable options, www.travelpaso.com lists restaurants, hotels, weather reports, maps, wineries and attractions such as hot springs, organic farms and museums. A Paso Robles travel blog is also in development, officials said.
The city developed the site over the past two years with the goal of branding Paso Robles as part of a plan to promote itself as “Authentic California,” which includes hundreds of thousands of dollars in annual spending on sponsorships, media outreach and visitor services.
Its tourism budget for 2009-10 is $330,700.
A total of $19,200 was spent on the new Web site, said Shonna Howenstine, the city’s tourism coordinator. She said the money came from three fiscal-year budgets — $3,300 from 2008, $9,000 from 2009 and $6,900 from 2010.
The site, she added, has been in the works about two years, including a break to await the city’s new tourism logo so that its colors and style could be reflected in the Web site. The site launched earlier this month.
The city’s tourism and information technology offices will maintain the Web site, Howenstine added, so new tourism-related companies processed through the city’s business license office are also listed.
A separate group of local hoteliers — the Travel Paso Robles Alliance — will help promote the city Web site by directing people to it in the group’s marketing plan.
— Tonya Strickland
Turnover at plaza on South Higuera
Tenwise Plaza on South Higuera Street in San Luis Obispo has been seeing a lot of revolving doors in the last month or so.
Jeff and Maegen Loring’s new catering business, The Neon Carrot, replaced Caruso’s Deli in September.
Now, Weight Watchers and Owens Music are shuttering their businesses at the shopping center to move to other locations in town.
Weight Watchers, at Tenwise for more than 10 years, moved to the Marigold Shopping Center on Broad Street at the end of September, according to Adam Buttery of J.B. Enterprises, the leasing agent for Tenwise Plaza.
Buttery said he had understood the company wanted a shopping center with more walk-by traffic to fit with its business model.
Owens Music, also a longtime tenant and the only piano dealer in the city, is moving to upper Monterey Street near California Boulevard by Nov. 1, said Kevin Owens, one of the music store’s owners.
Owens said the store was moving to a small retail center at 1441 Monterey St. — near Sweet Earth Chocolates and the Splash Cafe — because it was a smaller store with more usable space, and he wanted to get closer to downtown.
No tenants have yet signed on to the Tenwise locations, Buttery said.
J.B. Enterprises is offering the 1,865 square feet of Weight Watcher retail space at $2,500 per month gross; it is looking for a tenant to pay $4,800 gross in the approximately 3,800 square feet of former Owens’ retail space, according to its Web site.
— Melanie Cleveland


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Xiaomi is fast-improving its charging technology to make it quicker for users to juice up their smartphones. The super-fast wired charging solutions are being matched by wireless charging, and now, it seems like we will soon only rely on wireless charging. The Chinese giant is following up its 120W wired charging tech from earlier this year with a new 80W wireless charging solution today.
Yeah, Xiaomi has announced a new technology that can wirelessly charge your phone at a whopping 80W. Now, you might be wondering – how long will it take to charge a phone via this technology? Xiaomi reveals that its 80W wireless charging technology can charge a 4,000mAh battery pack up to 50% in just 8 minutes. And you only need 19 minutes to fully juice up your smartphone.
The company used a modified Mi 10 Pro to showcase this new 80W wireless charging technology. It did not reveal the exact volt/ ampere distribution, but the video below reveals that the battery seems to be charging at 18V/4.5A (81W) wirelessly. Check out this super-fast wireless charging solution right here:
Want to know how fast 80W #MiWirelessChargingTechnology is? Just check out this video!
— Xiaomi (@Xiaomi) October 19, 2020
The company refers to this as the third breakthrough in wireless charging for them. It first debuted 30W wireless charging (present aboard the Mi 10 that launched in India) earlier last year, followed by 50W wireless charging aboard the Mi 10 Ultra. This was also the first Xiaomi smartphone to support 120W wired charging.
Now, you can see that Xiaomi not only supports fast wired charging but also making some serious headway in the wireless charging space as well. It won’t be long until we will only rely on wireless chargers to juice up all of our devices. There is currently no information about which Xiaomi phone will be the first to adopt this 80W wireless charging technology.


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Years after Chipotle and Panera got rid of artificial ingredients, Burger King announced that they have permanently removed 120 artificial ingredients from their foods. More surprising than how late this announcement is, is that there were 120 artificial ingredients in their food. The complete list can be viewed here. And, they aren’t claiming to be “all natural” — so there are still artificial ingredients left in their kitchen!
If this news makes you think it’s time to head out for a delicious Whopper, don’t. While their food may no longer be filled with artificial ingredients, it’s still processed fast food brimming with fat, sugar and calories.
“The marketing tactic of banning artificial flavors and colors doesn’t necessarily make burgers and fries all that much healthier,” said registered dietician Abby Langer. “In fact, many of the ingredients on the list, such as MSG, vanillin, bleached flour, glutaminc acid and astaxanthin are completely harmless. Burger King is still fast food that’s mostly ultra-processed.”
While announcing that they were removing these ingredients, they also announced new “Keep It Real Meals” endorsed by celebrities. One of the meals consists of a breaded chicken sandwich, mozzarella sticks and a chocolate milkshake. It clocks in at 1,999 calories, 96 grams of fat, 228 grams of carbs and eight grams of fiber. To pair the “healthy” news about the removal of the ingredients along with the unveiling of these meals makes us look at the calendar — it has to be April Fools’ Day, right?
“We know our guests’ expectations are changing, and they want to make choices they can feel good about,” said Burger King North America CMO Ellie Doty. “By banning these 120 ingredients from our food, we’re offering guests an easy choice – delicious food made with quality ingredients. We’re confident that our ongoing commitment to real food will not only provide guests with the food they’re looking for, but also set a standard for the industry overall.”
Maybe it can prompt changes for other burger restaurants. But it won’t be a leader for other fast-food restaurants in general as many changed their practices years and years ago.
Overall, this news feels more horrifying than anything else. Everyone eats fast food now and again. Even when you are trying your best to be healthy, sometimes you want to grab something quickly. And, sometimes, you want a special treat. But learning that there have been at least 120 artificial ingredients in Burger King foods is a lot to take in. Not every artificial ingredient is harmful, but the sheer number is alarming. And, coupling the announcement that they’re removing them with the introduction of the unhealthy meals underscores that they aren’t committed to any real change. They may have taken out the artificial ingredients, but they haven’t made their food any better for their customers. Their statements implying that they have improved their ways are misleading. If you want a treat from Burger King, know what you are ordering and its nutritional information beforehand — it’s likely no better than it was before.
Banner image: Ismail Hadine via Unsplash


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Elon Musk, the CEO of Tesla yesterday unveiled the biggest AI robot to the world by announcing Tesla’s very first humanoid robot called “Tesla Bot” and expects a prototype in 2022. This humanoid robot can perform our daily tasks like picking up some foods from supermarkets and other tasks. Okay, that’s the funny part though, and it is not going to happen because Tesla had other tasks for this humanoid robot.
Elon Musk claims that Tesla would utilize its major advances in computer vision, but rather than deploying a robot on four wheels, the company would do so with a humanoid robot. “Tesla Bot will be designed to perform repetitive and monotonous tasks,” he stated.
It will use a lot of the same technology as Tesla vehicles today, such as the FSD computer, which will receive data from a comparable set of sensors. Tesla will be able to leverage the development it is already doing in the process of delivering a fully self-driving car by using a similar set of AI hardware.
While Musk did not go into great depth about the Tesla Bot’s overall capabilities or what activities it will be able to perform, he tried to imply that the robot’s ultimate goal is to be able to replace the most “dangerous, monotonous, and boring tasks.”
As an example, he mentioned sending the Tesla Bot out to get your groceries from the supermarket. However, the CEO stated that they are building the robot because they already manufacture almost all of the technology required to build it, and that if “Tesla doesn’t do it, someone else will,” and that they want to do it safely.
The long-term goal is to eliminate most work, and Musk reaffirmed his support for universal income, which will be necessary if the Tesla Bot achieves the impact Musk hopes for. According to the CEO, the company expects to have a prototype available “sometime next year.”


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Air New Zealand has opened a new lounge it describes as ground breaking at Sydney Airport but hasn't had to impose a dress code.
The revamped space is part of a $40 million upgrade of the airline's lounges at the busiest ports that it flies to.
Unlike transtasman its Qantas rival it hasn't needed to impose minimum dress standards.
The Australian airline has banned singlets, board shorts and jandals in its lounges in response to feedback from its premium customers.
Air New Zealand's general manager customer experience Carrie Hurihanganui said the Qantas move had led to some discussion within her airline but it hadn't felt the need to issue any guidelines.
Staff monitored dress in lounges but there had been no issues or complaints from other guests.
Airlines are on a lounge building spree around the world to attract higher paying premium customers.
Air New Zealand said the Sydney lounge was the first with an ultra-modern design formulated in conjunction with United States-based architects, Gensler.
Feedback from the airline's high value customers was used to help design the lounge which opens to passengers tomorrow.
The 1500sqm lounge and features a mix of spaces, including a kids zone, and can cater for around 300 guests.
Air New Zealand chief sales and commercial officer Cam Wallace said the launch was an important milestone in a wider programme that would result in the airline open a number of new and refurbished lounges over the next two years, including at Auckland International Airport.
"We have been investing heavily in enhancing our customer experience.
"Airports are a key part of the customer journey and 18 months ago we embarked on a $40 million programme to redevelop several of our lounges at some of the busiest ports we fly to," said Wallace.
The Sydney lounge features a glass wine wall allows views of the runway beyond.
Air New Zealand mobile app users will be able to order coffee directly as they enter the lounge and alerts them when it's ready to be collected from the barista.
It has a cafe where fresh food is prepared by a resident chef in a "new food theatre" or passengers can help themselves to the buffet.
The cafe features a chandelier made of 228 hand blown glass spheres which the airline says was inspired by the waves of the Australian coast.
There's a bar lounge, a dedicated quiet zone and space for business.
The kids' zone has books, interactive games and plays movies and there are large digital screens throughout the lounge which screen images of New Zealand.
Hurihanganui said the Sydney lounge took about six months to rebuild.
The new Auckland lounge is due to open in August.
New terminals at Los Angeles Airport have had new lounges costing tens of millions of dollars built and across the Tasman the battle for corporate fliers between Qantas and Virgin Australia has resulted in a big rebuilding programme there.
Full service airlines use lounges to differentiate themselves from low cost carriers.


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Die-hard entrepreneurs have to be prepared to turn on a dime, hedge their bets and prepare for all contingencies. These are lessons brought to the business model at Global Clean Energy Inc., a U.S. company with its headquarters in Montreal and offices in Houston, Texas, and Las Vegas, Nevada.
GCE is a “waste-to-energy conversion solutions company,” founded in 2006 by president and chief executive Earl Azimov. It had been developing technology to convert tires and plastics to diesel and gasoline and build and run pyrolysis plants, with minority partners.
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But when Brian Levine came on board as chief operating officer two years ago, he realized the business had to make an abrupt shift. Despite initial success in developing its technology, to continue down that path would require at least an additional US$10-million to US$20-million and many months, if not years, to perfect.
As well, the company had been in a development stage for nearly six years and needed revenue to make it more attractive.
“The investment community is looking for no technology risk,” Mr. Levine wrote in an email. “Too many companies have tried to create … their own proprietary technologies. … Rather than waste tremendous time and money … we opted to develop and lockup top North American sites, the precious real estate and feedstock, focusing on those … with proven ‘package’ technology rather than tolerating technology risks as so many have done and failed.”
GCE abandoned its three tonne “super big barbecue on steroids” as Mr. Asimov called it, and scoured the world for existing technologies, finally acquiring systems from Britain and China. North America is 20 years behind Europe in renewable energy,” Mr. Levine said.
“We were way ahead of the curve,” said Mr. Azimov. “We were on the bleeding edge.”
To staunch the flow of cash — the company was investing US$50,000 to US$100,000 a month on the technology — GCE decided this year that wagering the company on the future price of oil was a bet that had to be hedged.
The PGM or platinum group metals recovery plant GCE is acquiring in Georgia “cracks the cat,” Mr. Azimov said, referring to the process of opening used catalytic converters to recycle their precious metals – platinum, palladium and rhodium.
GCE expects to become majority partner in this operation in a deal expected to close in October, but Mr. Levine would not name the firm or the total amount of the investment, though he did say GCE will invest US$15-million immediately and that that company has annual revenue of $20-million .
“The acquisition will eclipse our expectations and our attention,” Mr. Levine said.
Mr. Levine is confident prices for the metals will keep rising, due in part to booming markets in China and new consumer interest in platinum jewellery.
GCE is projecting revenue from this operation to be US$15.6-million for the last quarter of 2014, and annual revenue of US$80-million in 2015 and US$162-million in 2016.
However, this acquisition won’t distract GCE from the potential profit in the 144 million used tires and tons of industrial plastics discarded in the U.S. every year.
Plans are going ahead to open two pyrolysis plants in 2015-2016, each of which is expected to bring in US$20-million a year, easily eclipsed by their new venture in recovering and recycling precious metals. Pyrolysis uses chemicals and heat to decompose organic material and convert it to fuel.
A 40,000-sq.-ft. facility in Halifax is a joint-venture with Nova ReNew Inc., a four-man company that includes former Nova Scotia environment minister Wayne Adams, chief executive of Adams Management Group and Scott Travers, former president of Minas Basin Pulp and Power Co.
“[Mr. Levine is aggressive and gets things done,” Mr. Adams said. “Most Canadians have not acquired his appetite for aggressive entrepreneurial spirit.”
The second is in North Carolina in a majority partnership with packaging giant Sonoco Products Co.
Mr. Levine said feedstock from “the biggest tire recycler in North America,” has been locked up for the 60,000 sq. ft. pyrolysis plant set to open in Q3 next year, although he would not name the recycler.
The plant will run two lines, converting tires on one and polypropylene, polyethylene and polystyrene on the other. “A hybrid system has never been done before,” Mr. Levine said.
Feedstock for the plastic line is industrial plastics — plastic packaging, film, sheet plastic, but not the ubiquitous soft drink and water bottles.
GCE recently filed a Form 10 with the U.S. Securities & Exchange Commission and the penny stock is now trading over the counter in that country. Similar regulatory documents were filed in Canada, Mr. Levine said, where the penny stock will be available shortly.


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Natural Security and Discover offer secure biometric payments
Natural Security, a strong authentication technology company based in France, has announced a partnership with Discover Financial Services (Discover), a leading U.S. payments company, to experiment with Natural Security’s touchless biometric solution.
Discover will integrate Natural Security’s hands-free biometric strong authentication solution, enabling customers to execute simple and convenient, highly secure payment transactions with a biometric reader and wireless customer device.
“I believe that leaving your card in your pocket, simply touching a reader, and having the peace-of-mind that your payment is secured by your fingerprint is a right step in delivering (a) desired payment experience,” said Discover’s Global Head of Emerging Payments, Troy Bernard. “Equally important, there is minimal impact to the existing payments infrastructure as the transaction can be magnetic stripe or EMV-formatted.”
EMV stands for “Europay, MasterCard and Visa”, a global standard for inter-operation of chip cards, point-of-sale terminals and ATMs.
The Natural Security solution ensures that the secure personal device and its owner are in the same place at the same time. The authentication works by a user placing their finger on a reader to complete a transaction. The solution also secures the user’s biometric data as no centralized database is needed.
“Biometrics for banks can increase and simplify security during online transactions or in automated transactions” said Cedric Hozanne, CEO of Natural Security. “This simplicity is a direct response to the complexity and volume of authentication solutions currently available.”
A few weeks ago, Biometric Update reported on Banque Accord testing a biometric authenticated payment solution in France supermarkets using Natural Security’s solution.
Founded in 2008, Natural Security is a member of the Biometrics Alliance Initiative, National Association of Campus Card Users (Naccu) and the National Retail Federation (NRF), and its stakeholders include banks, retailers and manufacturers.


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ASUS' latest tablet/laptop hybrid comes packing the specs, yours for £429.99
Initially announced back at IFA 2013 in Berlin, UK availability has finally been confirmed for the latest in the ASUS Transformer Pad line of devices. The catchily named TF701T comes with the now traditional keyboard dock included, and will go on sale in the UK via Amazon and eBuyer on October 21 for £429.99.
While the name may not capture the imagination, this latest Transformer Pad comes packing in the specs department. Some recent tablet offerings from ASUS have been lacking a little in the display department, but all that goes away with the TF701T. It houses a 2560x1600 resolution 10.1-inch IPS display that looks pretty darn nice. Underneath, NVIDIA's latest Tegra 4 chip pushes everything along backed up by 2GB of RAM. On-board storage is a respectible 32GB and the package also has both micro and full size SD card slots. A USB 3.0 port, HDMI out capable of driving a 4K display and a 5MP/1.2MP rear and front camera combination completes most of the important specs.
Of course, as with previous Transformer devices from ASUS, the dock also houses extra battery power for the ensemble. A 31Wh battery in the tablet and a 16Wh in the dock combines for a claimed 13 hour and 4 hour split on battery life, so around 17 hours claimed when used together.


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An over-centralized web looks ripe for a revolution that will both decentralize and democratize it
The two most profitable businesses of the 20th century were oil and tobacco. Big Oil created the largest companies, shaped geopolitics and even fostered wars. Big Tobacco minted profits out of an addiction, shaped culture and made it ‘cool’ for youngsters to smoke. The tobacco majors knew that nicotine was addictive; their internal research showed that it could cause diseases far worse than mere addiction. Brazenly, they took out full page ads claiming that smoking was not a proven cause for cancer, even as they funded their own research with favourable outcomes. They created products targeted at women (Virginia Slims’ “You have come a long way, baby") and took aim at the young with tobacco’s coolness quotient. “They knew that if they could get children addicted early, they’d have a customer for life," says Bill Johnson, an Ohio Republican. Their world started unravelling when an internal ‘enemy’ emerged—a whistle-blower from Brown & Williamson Tobacco Corp who revealed to outsiders what the industry always knew: Smoking was addictive and could kill.
Now if all this is familiar, it is probably because you have been reading about Frances Haugen, a former product manager at Facebook, who has claimed that the company failed to act on internal research showing that Instagram was damaging teenagers’ mental health, and that it chooses “profits over safety". Facebook tweaked its News Feed, a product that almost two billion people see every day, to make it more attractive to advertisers, but also amplify ‘divisive content’. Inflammatory content directly contributed to repression in Myanmar, killings in Sri Lanka and India, and likely aided the 6 January insurrection at the US Capitol. Predictably, Facebook came out swinging. Mark Zuckerberg said Haugen’s testimony “was illogical and just not true". His denials have not impressed the US Congress, which is mulling legislation with some members echoing Johnson’s comment that this is the industry’s Big Tobacco moment. Unlike tobacco, however, social media can also be a force for good. It can make connections, unite people to help those in need, spark movements against repression and help businesses as well as communities. Would a backlash throw the baby out with the bathwater?
I have long argued for the emergence of a new kind of social network: Web 3.0 or the Decentralized Web. The World Wide Web was envisaged as a peer-to-peer network of computers where you connect and talk directly with friends. It did start that way, a federated, decentralized entity where all were deemed equal, but then underwent centralization. We started living in ‘walled gardens’ created by Google, Facebook, Amazon and some others, and all our data started migrating to their massive clouds. The primary reason for this centralization was the Web’s advertising-dominated business model. It rewards network effects. The big become bigger and the small guys fall off. It started when Google developed AdWords, a pay-per-click, auction-based search advertising model, backed by search and monetization algorithms. Its revenues rocketed to $2.7 billion from $87 million in three years when it went public. In 2020, it sits atop a trillion- dollar valuation. The internet had been monetized and Web 2.0 was born, with our intentions, personas and desires identified with laser precision for sale to advertisers. Facebook, of course, joined the party.
While regulation and new technologies will help, an alternative will not really be driven by these, but by a new business model. The Web 3.0 business model, that is, built on a different base with a different philosophy of returning the internet to its users. One part of this construct would allow explicit consent on the use of your data. Another part involves the rise of a ‘creator economy’, where the creators of content get a portion of the revenues generated by networks, unlike now, with platforms taking it all. The advertising model moves inexorably to a subscription one and the technologies leveraged are inherently decentralized.
This revolution has started, with networks like Patreon for artists, Substack for writers and Shopify for e-commerce. The big boys have taken note of it, with YouTube and Facebook signalling changes in business models.
Even in India, 3.0 social networks like GoSocial are gaining traction. While these are perhaps at the same stage as Facebook was when Zuckerberg sketched out his algorithm on a dorm wall, the Big Tobacco moment for social media will herald a revolution that takes the Web back to its benevolent democratic roots.
Jaspreet Bindra is the chief tech whisperer at Findability Sciences, and learning AI, Ethics and Society at Cambridge University.


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Following the recent signing of 15 new franchise agreements, Filta Environmental Kitchen Solutions, the world’s restaurant kitchen and hospitality leader in active fryer management and environmental sustainability, is on the move once again and looking to expand its presence across Southern California.
Headquartered in Orlando, Florida with franchisees across 45 states, Filta makes commercial kitchens safer, more efficient, and environmentally sustainable by micro-filtering existing cooking oil, providing bin-free waste oil collection, deep cleaning fryers, and recycling waste oil. Furthermore, the brand has expanded its kitchen services into humidity control for cold storage and grease-free drain foams making it the recognized environmental leader across the restaurant and hospitality industry.
Adam Blake, vice president of franchise development for Filta, said the brand is focused on Los Angeles now because of the city’s growing economy, it’s multitude of restaurants and institutional properties, and the $1 trillion in economic output that Los Angeles County and Orange County produce combined. Filta already boasts 10 franchisees across California and Blake says they could potentially add up to another 3 franchises across Los Angeles alone.
“We’ve seen tremendous growth out of our brand over the last few years from both new and existing operators, who have all helped us become the recognized leader in active fryer management and environmental kitchen sustainability across the entire food and hospitality landscape,” said Blake. “Our franchise model is easily accessible and scalable for both first time entrepreneurs and existing franchise owners.”
With a proven business model and a more than 20-year history, the Filta brand offers entrepreneurs the opportunity to be their own boss in a lucrative and growing industry. Strong customer loyalty and new client acquisition continues to drive sales and the brand is now focused on filling in specific markets across the country.
Blake said that while Filta is targeting Los Angeles for development, it is also looking for new franchise owners in Northern California, Oregon and Washington, among other areas across the West Coast.
“What makes our brand appealing for entrepreneurs is that it is a home-based business with large exclusive territories, which allows franchisees to scale our simple business model quickly into a multiple van and multiple revenue stream operation,” said Blake. “Furthermore, weekly repeat services, minimal overhead and the ability to work your own hours, backed by one of the most robust support systems across the entire franchise industry, allows franchisees to maximize earning potential. We’re excited to continue growing across Southern California and build upon the momentum we’ve already established. We’re looking for franchise owners in Los Angeles that are ready to grow and share our commitment to providing the best in customer service and support, while also making a measurable and quantifiable impact on the environment.”
Adam Blake, Vice President of Franchise Development at Filta
Prospective franchisees can expect their initial investment to range from approximately $103,100 – $116,700 including a $39,950 territory fee and a $49,950 opening package. Franchisees will also benefit from comprehensive local marketing support, ongoing training, research and development of new products, operational support including inside sales teams that help secure new customer opportunities, technician recruitment, and continuous business counseling.
“There is not another service franchise brand out there that can come close to competing with our business model, our scalability, our support systems and our environmental commitment to the communities we serve,” said Blake. “By remaining focused on what makes us uniquely different, we are well positioned for growth with the right franchise owner across Los Angeles and throughout the West Coast.”
For more information about franchising with Filta, please click here.


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Apple has been named as the UK’s coolest brand, according to the 2012 CoolBrands survey. The annual survey combines votes from an independent ‘expert council’ with the opinions of around 3,000 members of the public.
Approximately 1,250 brands were shortlisted for the survey, which considers factors including style, innovation, originality, authenticity, desirability and uniqueness.
First place went to Apple, followed by YouTube, Aston Martin (last year’s top brand), Twitter and Google.
Other telecoms-related technology companies commended in the awards were Sony, Skype and BlackBerry.


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CHICAGO (CBS.MW) - Shares of International Game Technology had a rare bad run in the Thursday session after the perennial Street-beater only met Wall Street profit estimates in its fiscal second quarter.
Before the bell, IGT
Revenue for the Reno, Nev.-based gambling equipment maker came in at $636.1 million, up 20 percent and vs. an analyst view of $600 million.
The company sold 45,400 one-armed bandits and other machines worldwide in the quarter, up 31 percent with domestic sales rising 37 percent to 27,200. The company's installed base of recurring revenue slots climbed by 2,700 to 35,500.
In a note to investors, Goldman Sachs analyst Steve Kent said that while "the quarter met expectations and suggests that significant demand continues to exist for replacement games in the US, we do not believe these results were strong enough to push the shares materially higher...."
Participation games in casinos were flat from the first quarter, Kent said and "participation revenues fell short of our estimate, which is slightly disappointing because we thought there could be upside given the gaining popularity of the games."
Shares of IGT closed down over 5 percent at $44.01.


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Motorola does it’s bit to keep Ugandans connected
Though mobile phones are slowly penetrating rural Africa, charging them regularly remains a huge issue as the African rural folk have almost no access to stable power distribution. In a classic case of big corporates getting down to help the rural folk, cellphone giant Motorola has sponsored Solar Powered Kiosks to charge phones of the Ugandans in rural areas. Running on a 55 watt inverted solar panel, these kiosks can simultaneously charge twenty cellphones. Motorola has gone a step further and has integrated the kiosk into a little shop that will sell Motorola mobile phones and accessories.
These shops will also serve to provide women entrepreneurs with a source of livelihood. Sound business sense Motorola! Though critics may argue that Motorola is piggybacking on the Solar-Powered Kiosks to promote it’s phones and advertise them, the fact that it is at least taking initiatives to come up with innovative solutions deserves to be lauded. Meanwhile, Motorola is sponsoring a wind powered mobile base stations in Namibia.


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If you live in California and your demographics are right, your electric car dream is within reach. Yes, even you, baristas and struggling actors!
The website Leasehackr stumbled upon a killer deal for lower-income Californians (assuming they live near charging stations), and spelled out how leftover 2015 Ford Focus Electrics can be leased for essentially nothing.
If your personal life aligns with Ford’s customer incentives and California’s revamped EV rebate program, it can be done.
First, you have to make less than $35,600 a year, or be a member of a household of four with a combined income of $72,900 or less. If you’re able to check that box, just hope you’re also a recent college grad or military member (or first responder), as well as a first-time buyer.
Leasehackr sought out the cheapest dealer-sold 2015 Focus Electric to run the numbers on. The least-expensive model found was $27,200.
Factoring in every possible incentive, including the $12,750 in combined Red Carpet Lease Customer Cash and bonus cash thrown at California Ford buyers, the cost to get into the Focus is essentially halved.
Entering into a 36-month, 10,500 mile per year lease (with a 40 percent residual value) would see the lessee roll off the lot after paying $1,495 in registration, fees, first month’s payment and applicable taxes.
The only cost after that, besides your insurance and electricity, would be an $81 monthly payment. But that’s where California steps in to make your life even more envious.
The state’s Clean Vehicle Rebate Program (CVRP) was recently revamped to give lower-income residents $4,000 for the purchase of a battery electric vehicle. Applied for after the purchase, the $4,000 in state cash would virtually erase the $4,055 total cost of the lease.
It’s like winning the lifestyle lottery!
Even if you’re closing in on middle class (or already there), the upper-level CVRP rebate of $2,500 would still make the Focus Electric such a great deal your friends would have to start ignoring your self-congratulatory phone calls.
The deal is dependent on a dwindling supply of 2015 model year Electrics, and Leasehackr points out that Ford’s current lease program ends on April 4. Who knows how that will change the day after.
On your bikes, people.
[Image: Ford Motor Company]


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The Financial Conduct Authority (FCA) is seeking the views of a number of stakeholders on issues within the crowdfunding marketplace.
The FCA has asked participants to address key issues in the sector such as disclosures to lenders to the vehicles and whether peer-to-peer platforms review investors’ knowledge of the sector. The consultation is designed to spearhead new discussions on potential rule changes in the crowdfunding sector, which are due to begin soon.
Christopher Woolard, director of strategy and competition at the FCA, said: “The crowdfunding market is an innovative and growing sector. We introduced rules in 2014 to ensure consumers were protected without preventing the market from enhancing competition through expansion and innovation.”
In 2014, the task of regulating the crowdfunding sector was handed to the FCA, which outlined a number of rules on protecting investors such as requiring P2P lenders to be transparent about the types of companies they will lend to and to have rescue plans in the event of the platform collapsing.
According to the FCA, around £2.7 billion (€3.2 billion; $3.6 billion) was invested in the sector last year, a five-fold increase from 2013, where just £500 million was deployed.
Stakeholders have until 8 September to respond to the FCA’s consultation.


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Tuesday 22 June 2021
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Negotiations will supply batteries for Porsche
With the so-called V4Drive battery, Varta produces an ultra-high-performance car battery that can be charged in a matter of minutes. As is now known, the round sail is to be installed in the Porsche model.
Swabian battery maker Varta will supply high-performance batteries to sports car maker Porsche in the future. This is reported in advance by “Handelsblatt”, citing Warta. According to the newspaper, Porsche said the VW subsidiary could work with two or more battery suppliers, depending on the characteristics of different vehicles or development projects. It depends on which partner has the best expertise for a particular project. Which partners with which projects will be realized, Porsche wants to announce in due course.
According to “Handelsblatt,” the Verta’s so-called V4Drive battery could be used in the Taycan model or the iconic 911 sports car. Varta announced in the spring that it intends to manufacture cells for electromobility in the future. The new product, named V4Drive, is to be rolled out on a pilot line at the company’s headquarters in Elwangen by the end of the year. Lithium-ion round cell can be fully charged in just six minutes and should be efficient even at extremely low temperatures
Porsche just announced on Sunday that it would begin developing and manufacturing high-performance battery cells for electric cars. The sports car maker is setting up a joint venture with Itzeho and Tübingen-based sales specialist CustomSales. According to its own statements, the VW subsidiary is investing a high double-digit million amount for an 80 percent majority stake in the new Salesforce Group.
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