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The price of consumption: Who pays?
Stockholm (3 July 2019) – Everything we buy has a price. None so more than in the form of water....
Stockholm (3 July 2019) – Everything we buy has a price. None so more than in the form of water. But who is really paying the price and where does the responsibility of consumers and companies lie? At World Water Week 2019 several sessions will focus on consumption-related topics in an attempt to answer these burning questions.
Press contact: Hawra Daoud, firstname.lastname@example.org
Global consumption has risen sharply over several decades, allowing for many to enjoy goods, services and higher standards of living previously unattainable. But the flip side of this is the ever mounting pressure on scarce water resources.
How to strike the right balance is already a hot topic. It will be an even more pressing issue in years to come as the world’s population may reach 10 billion, and both the climate crisis and the ongoing degradation of the environment will continue to worsen.
Current global value chains and trade patterns mean that decisions about consumption and production in one part of the world can have serious and unforeseen consequences in another. To quantify this, the concept of water footprints is increasingly used in order to measure the amount of pressure being exerted on local water resources. Consumers in relatively water rich parts of the world such as Europe can place a considerable burden on water resources in more water-stressed regions through their consumption and travel. Many consumers are still oblivious to this.
In the Netherlands, 95 per cent of the water footprint from consumption is located outside their borders, compared to just 3 per cent in India. Tourists from the Global North put considerably more pressure on water resources in the Global South, since they often use much more water than the local population. There can also be positive effects as an influx of tourists can for example benefit local communities through the provision of better wastewater treatment.
There is an urgent need for both consumers and companies to gain a better understanding of how water plays a role in both consumption and production processes, and this topic will be featured extensively at World Water Week. It is also important to understand the situation for particularly vulnerable groups, who are also at the heart of this year’s theme Water for Society – including all. How are they affected by decisions around consumption and production in countries thousands of kilometers away? The topic will be explored for example in the session entitled Leaving no one behind – the World Water Development Report.
Here is a snapshot of other interesting discourses that will be featured during World Water Week:
What shall we eat? The global shift to more water intensive food habits will be discussed during the Week. What is the responsibility of global food retailers and consumers who buy imported food? The question will be raised in the session Is asparagus to blame? A supply-chain review, where a case study will be presented about asparagus cultivation in Peru.
Do we need all that plastic? With the rise in both population growth and consumption, the problem of waste is an ever pressing problem as already scarce freshwater sources and oceans are affected by the scourge of pollution, especially from plastic. Consumers are becoming increasingly aware of the issues as more and more countries begin to implement bans on certain plastics and companies ramp up their efforts to find sustainable solutions in dealing with waste. This topic will also be highlighted during World Water Week. The role of recycling will be investigated in the session entitled Plan for plastics – the circular solution while other future opportunities will be discussed under the theme of Preventing plastics in our waters: more than banning straws and Innovative Plastic Leakage Action: From source to sea.
How healthy is our medicine? The same characteristics that make pharmaceuticals so important to cure human illnesses can also be dangerous when they end up in the wrong place. The linkage between water and pharmaceuticals is now increasingly recognized and World Water Week will discuss the topic in detail in several sessions.
OECD will launch a report “Pharmaceutical residues in freshwater: hazards and policy” which looks at the effects of residues emitted into freshwater: psychiatric drugs have been found to alter the behaviour of fish, while endocrine disrupting pharmaceuticals can cause reproduction toxicity in fish as well as breast or prostate cancer in humans. This can have detrimental effects on populations relying on fish as their major food staple. Other similar sessions will look at the role of: Emerging pollutants in water: Invisible threats to health and ecosystems and Reducing emissions from antibiotics production: Supply and demand side collaboration.
What can companies do?
The growing number of companies who attend World Water Week have a unique opportunity to learn from leading scientists and other experts about the most pressing water challenges as well as the most promising solutions. Inspirational examples of companies and businesses that have become more financially sustainable through smarter water use will be featured, such as the Sweden Textile Water Initiative’s work showcased under the headline of Monetizing Sustainability in the Fashion and Textile Industry.
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Vehicle retail large AutoNation Inc., in a phase towards producing its personal captive finance device, plans to acquire vehicle loan company CIG Money to aid its escalating standalone utilised-auto AutoNation United states of america organization and more create purchaser associations throughout automobile possession.
AutoNation reported this week in reporting reduced second-quarter web money that it plans within just the subsequent 90 days to acquire CIG Monetary of Irvine, Calif., for $85 million.
The prepared purchase marks a technique shift less than AutoNation CEO Mike Manley’s leadership. Manley, who took more than as chief executive in November, claimed in February that he was “aggressively looking” to restart a captive finance business at the vehicle retailer and in April said he would want to produce a captive finance business from an acquisition.
“This acquisition offers capabilities, footprint, technologies and most importantly a established, enthusiastic group with excellent leadership,” Manley informed buyers and analysts in a simply call this week. “CIG has every little thing we have to have to scale and enhance our economic overall performance with modest upfront financial investment and tiny risk.”
CIG Economic, with about 160 staff members, has bank loan receivables of about $325 million, of which $300 million has been securitized, AutoNation CFO Joe Lower explained in the simply call. The firm originated approximately $195 million across 12,000 loans last year and has a community of mainly impartial dealerships, serving about 80 of people shops, Decreased stated. He mentioned AutoNation plans to proceed to provide people dealerships.
“Our integration plan is one that will be extremely deliberate,” Lower mentioned. “There is certainly robust overlap in the credit profile, notably within just AN Usa. They have a really powerful, verified history in equally underwriting and in servicing, which was a genuine attraction to us.”
Manley explained the acquisition is an vital section of the retailer’s advancement system, particularly as it accelerates its used-motor vehicle organization. It desires to improve to more than 130 AutoNation United states of america merchants by the finish of 2026.
AutoNation reported it options to open up its 12th AutoNation United states of america store in Kennesaw, Ga., exterior of Atlanta, by the close of September.
Manley stated he also sees the acquisition supplying “sizeable upside” above time to the group’s robust finance and insurance policies income.
“We have no present intention to displace or exchange present captive funding with our OEM companions,” Manley explained. “Our intention is that we’ll emphasis our new captive finance household on our AutoNation United states organization and the terrific book of small business that CIG has made with its lots of retail partners.”
Former AutoNation CEO Mike Jackson ended the automobile retailer’s finance unit, then a income loser, in 2001. Even now beneath Jackson’s enjoy, the corporation in 2014 reconsidered restarting a captive finance organization, but a yr afterwards deserted the notion citing aspects these as value, return on financial investment, scale and level of competition.
AutoNation competitor Lithia Motors Inc. operates Driveway Finance Corp.
Captive finance providers aid franchised dealers in diversifying their organizations and also in AutoNation’s scenario “strengthens profitability throughout standalone used-motor vehicle retailers,” presented less pieces and support and “less regular” F&I earnings, Ali Faghri, managing director with Guggenheim, mentioned in a notice to buyers.
AutoNation of Fort Lauderdale, Fla., rated No. 1 on Automotive News‘ most current checklist of the best 150 dealership groups based mostly in the U.S., with retail revenue of 262,403 new cars in 2021.

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FIPP member Hubert Burda Media, headquartered in Germany, is a technology and media company with over 540 brands world-wide. In the UK, Burda publishes several consumer magazines such as YourHome and Wedding. The company has recently led the funding round of the online marketplace Notonthehighstreet.com.
Immediate Media Co, also a FIPP member, was established in 2011 following the merger of a number of media platforms, backed by Exponent Private Equity. The media company has also diversified into digital market places and ecommerce, including the UK’s digital wedding planning tool hitched.co.uk and TV shopping network JewelleryMaker.
Building on the strengths of the company, the partners will realise further growth by accelerating its transformation. The goal is to build a fully transformed business with a strong digital footprint, diverse revenues and business models and interwoven content and commerce across brands, audiences and platforms.
Paul-Bernhard Kallen, CEO of Hubert Burda Media, said: “Immediate Media is a great platform for print as well as digital consumer businesses in the UK. The successful management team brings strength and depth across publishing, technology and e-commerce and has built a growing, profitable company with a large and loyal customer base. We believe Burda and Immediate Media match perfectly – with regards to the business segments as well as to the entrepreneurial mindset of both companies.”
Tom Bureau, CEO of Immediate Media Co, said: “Since we formed Immediate with Exponent in 2011, we have created a dynamic, thriving business. We have grown revenues and profitability substantially, and have invested in people, technology and business models. The business is primed for further growth, and I am happy that we have found a partner that shares our vision for growth and innovation. Burda is an exciting, global business and we are happy to become part of their network of entrepreneurs.”
Hubert Burda Media and Exponent have agreed to not disclose financial details of the transaction.
Source: Immediate Media Co
Hubert Burda Media and Immedia Media Co are FIPP members.
Dalim Software has launched a new series of free-to-attend webinars, examining the creative media topics of brands, marketing operations, ecommerce, and packaging. The first in the four-episode season aired this week, and can be viewed in full below.21st May 2020 Industry News
In these unprecedented times, The Red Bulletin’s international editorial team collaborated to create its first-ever global issue.19th May 2020 Industry News
The Big Issue magazine launched in 1991 in response to the growing number of rough sleepers on the streets of London, by offering people the opportunity to earn a legitimate income through selling a magazine to the public.19th May 2020 Industry News
Audience engagement and brand sampling agency, Gold Key Media, has teamed up with Project Wingman and helped to set up an initiative to supply NHS staff in hospitals across the UK with free samples of well-known brands along with a wide range of complimentary magazines and newspapers in print and in digital.19th May 2020 Industry News
The FIPP World Media Congress is going online for the first time in its 95-year-old history, running over four weeks from 2-30 September 2020.21st May 2020 FIPP News
Search terms that were trending in the UK in the food category during the heart of lockdown were - surprisingly - not “home delivery” as many would have expected but rather “Heinz”, “Jigsaw”, “Puzzle” and “Kodak”. Why? Both Heinz and Kodak offered customers puzzles, an answer to lockdown boredom.21st May 2020 Insight News
This week ecommerce monetisation specialist Tipser delivered a unique webinar analysing current ecommerce trends. The session included a deep-dive look into the company’s ecommerce strategy work with InStyle magazine.21st May 2020 Insight News
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What’s happening now, what’s coming next


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Mark your calendar: Galaxy Unpacked event happens on February 9
The Galaxy S22 series is going to be the main highlight of the event
While Samsung has officially teased the launch of the Galaxy S22 series, there is still no official announcement from the company about the date on which these phones are launching. But, in November last year, we got to know that the S22 series is launching on the 9th of February. Now, Evan Blass, one of the most trusted leaksters, shared on Twitter that the launch is indeed taking place on the 9th of February. So, we now have just a couple of weeks left for the launch.
Evan Blass shared an image that reveals the date for the Galaxy Unpacked event. The image does not reveal anything else apart from the launch date, but one thing to note is the color of the ‘S’ in this image. As we know, the Galaxy S22 Ultra has a variant with the same color, but we do not know what Samsung is going to call this color option.
Well, recently, the European pricing for the Galaxy S22 series also leaked, so you can check that out here.
Evan Blass also shared the official renders of Galaxy Tab S8, which is also launching at the Galaxy Unpacked event. The official renders show the tablet in three color options.


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MONTREAL – Le Chateau Inc. (TSX:CTU.A) has reported a wider first-quarter net loss as it increased promotional activity and writeoffs.
The clothing retailer said its loss was $8.2 million, or 30 cents per share, compared to $6.5 million, or 26 cents per share a year earlier.
“Earnings for the first quarter were negatively impacted by increased promotional activity and an increase of $454,000 in write-off and impairment of property and equipment,” the Montreal-based company said.
Sales during the quarter ere $56.9 million, down from $57.8 million during the same 2012 period.
Comparable store sales dipped 0.7 per cent.


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While the dust was settling on the startling vote that the British people cast against remaining in the European Union on June 24, several decision-makers in the eyewear sector responded to our invitation to outline the effects that it may have on their businesses.
In general, they indicated that Brexit will have no immediate, tangible effects in the eyewear sector. The British people will still buy glasses to improve their vision, but perhaps cheaper ones and fewer sunglasses for sunny summers in Spain or Italy, which will become more expensive for them because of the lower value of the British pound. In the medium term, the effects of Brexit may well be by and large negative, with some exceptions, but dependent on future action on the regulatory front.
The president of an international eyewear manufacturer that has its European hub in the U.K. said that Brexit will likely accelerate his company's plans to expand operations from the U.K. to France, Switzerland and other parts of Europe. Another international manager said that Britain's pullout from the EU may have legal and fiscal consequences for his company's operations in the country, which are not clear yet.
For most companies that import eyewear into the U.K., the biggest and most immediate issue is the currency, which can only be hedged in the short term. With the British pound down to a 35-year low, the result will be generally inflationary, as the higher cost of importing merchandise will have to be passed on.
That goes for all kinds of products for which the U.K. is a net importer, and there are lots of them in our sector, including most prescription frames and sunglasses. Designer frames made in Europe will be affected the most. Opticians will have to charge more for them, but British companies that make their glasses in the U.K. like Optoplast Actman may draw some benefits from the currency situation, if it persists. CooperVision, which has a huge manufacturing facility in the U.K., will probably benefit, too.
Ophthalmic lenses would be largely spared from the inflationary trends. Noting that the U.K. has more independent RX laboratories than any other European country, Mark Mackenzie, the expert behind the Strategy With Vision consultancy, felt that Brexit may on the other hand break a tendency to spread lens processing capacities among different labs across the EU.
He also said that Brexit will help preserve the entrenched status of the optometrist and the dispensing optician in Britain. There is hope that, on the regulatory front, the U.K. will agree on common guidelines with the rest of Europe on controversial issues like cross-border online retailing, where British companies play an important role.
Pointing out that its online shop in the U.K. has been doing well and growing fast, Mister Spex from Germany said it continues to believe in a European vision, the attractiveness of the U.K. market and its own ability to deliver a “great shopping experience” to its customers. Because of the drop in the value of the pound, Mister Spex raised its prices slightly after the Brexit vote and will continue to review them regularly.
Anyhow, observers agree that there will be a long period of uncertainty that will slow down economic growth in the U.K., with some consequences for the rest of Europe. The uncertainty will probably last for at least 24 months as the U.K. will have two years to negotiate the terms of its divorce from the EU, once its future new government notifies the European Council.
In the interim, a lot of plans and decisions will be postponed, which is not good for business, said Giovanni Lo Faro of Modo, adding that the vote was probably dictated by the general feeling of independence that has pervaded the history of the British Isles, rather than by economic considerations.
Cultural factors and a proper lack of education and information about the advantages of the European market certainly played a strong role in the vote, along with a general discontent with politicians. Interestingly, there was a big spike in Google searches about “what is the EU” after the polls closed across the U.K. Many Britons used Google to find out how and where to emigrate.
The referendum itself was highly divisive as people who regarded themselves as friends found themselves suddenly at odds because of their differences of opinion on the subject. Expatriates living in the U.K. felt particularly bitter about this.
A very open-minded Frenchman who works for a large Italian optical group said that Brexit will probably tarnish the vibrant dynamic of London among foreigners and many British people as well. A former manager of the same group predicted that fewer British tourists will travel to the Continent.
Both of them expressed concern about a domino effect on the rest of Europe, with other countries and regions organizing a similar referendum or demanding a renegotiation of their status within the EU.
Bank and housing stocks were hit hardest by the Leave vote because of the impact that the vote will have on investments by businesses and consumers. Foreign banks were also affected because London remains an important international financial hub, and any crisis in the U.K. and its trade with the rest of the world will affect the rest of Europe and businesses all over the world.
Some supporters of the Remain option hope that the U.K. will elect in the end to join Norway and other countries as a member of the European Economic Area, which would still give them access to the single European market, with the ability to do business all over the EU, without participating in the political decisions made in Brussels. In this case, however, the U.K. would have to agree to put no restrictions on the movement of labor from the EU.


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JOHANNESBURG – Aspen Pharmacare advised shareholders on Thursday that the company was engaged in discussions with a potential partner in Europe.
The share price rose 0.76 percent on the JSE on Thursday and closed at R104.29.
This was after the South African drugmaker in its interim results announcement on March 7 said it had embarked on a strategic review of its European and South African commercial pharmaceuticals businesses.
The firm has been trying to reduce its debt burden.
Aspen deputy chief executive Gus Attridge in March admitted the group had high debt levels.
“We are quite aware of the debt and we are working hard on reducing it. We have spent significantly in the past by expanding the business on new investments. However, the expected sale of the nutritionals business will enable us to put all our focus on pharmaceuticals. We are going to use the proceeds of that sale of around R10billion to reduce debt,” Attridge said.
Lactalis International of France agreed to buy the division in September for 740m (R12.05bn), but the disposal had hit regulatory delays, causing investor jitters.
However Aspen last week said the sale of its infant-formula business had finally been approved by a New Zealand regulator. On Monday, Aspen said Mylan had exercised an option to buy the company’s portfolio of prescription and over-the-counter products in Australia for A$188 million (R1.86bn).


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Britain will present its steel trade safeguard plan on Wednesday, days after proposing broader tariffs to protect local steelmakers, a move that could breach international trade rules.
Trade Minister Anne-Marie Trevelyan will make a statement in parliament on steel safeguards after 1130 GMT, the House of Commons leader said on Twitter. These safeguards can include import restrictions ranging from tariffs to quotas.
Britain last week proposed extending a package of tariffs and quotas on five steel products for two years.
Extending steel tariffs could breach World Trade Organization (WTO) rules and disrupt local manufacturers who depend on imported steel and say domestic steel mills have failed to respond on demand.
Prime Minister Boris Johnson has argued that Britain should not remove tariffs unilaterally without other European nations also doing so. Business Minister Kwasi Kwarteng said there was a “strong argument” to support the national steel industry because other G7 nations were doing the same.
The Times newspaper reported this week, without citing a source, that Mr Trevelyan was in favor of extending tariffs but had warned that nations such as India, Turkey and South Korea would be entitled to retaliate with their own safeguards.
A year ago, the government introduced new rules to protect the local steel industry, which employs nearly 34,000 people and has an annual turnover of some $2 billion.
Last year, Britain maintained for three years the quotas and customs duties it inherited from the European Union on ten categories of steel. But on five products, the safeguard measures were temporarily extended for one year.


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Five hotels in the Inkaterra portfolio were recognised in the Condé Nast Traveler 2017 Readers Choice Awards.
• Inkaterra La Casona (Cusco) - placed 14th in "Best Hotels in the World" category.
• Inkaterra Machu Picchu Pueblo Hotel placed 15th "Best Hotels in the World" category.
Also, three properties of Inkaterra are mentioned in the list of "Best Resorts in South America", these are:
• Inkaterra Hacienda Urubamba (Sacred Valley)
• Inkaterra Reserva Amazónica
• Inkaterra Hacienda Concepcion (Madre de Dios)
The readers of Condé Nast Traveler honor us.
That our five hotels are among the winners of such a famous contest is a celebration of ecotourism as a means to sustainable development, a concept we began 42 years ago when we opened our first shelter in the Peruvian Amazon.
The 2017 Readers Choice Awards are the result of the voting of more than 300,000 readers of the magazine, who provided millions of ratings and tens of thousands of comments to share their recent travel experiences in cities, islands, hotels, resorts, cruises, airlines and airports. All winners will be celebrated in the November edition of Condé Nast Traveler, as well as online: www.cntraveler.com/rca.


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Why is farming dying?
What is little known is that in the 12th Plan, agriculture had received only Rs 1.5-lakh crore. With this kind of paltry public-sector investment, it is obvious why farming is dying.
Is Agri-agriculture dying?
Agriculture is dying. This is a sad reality of the country. Agricultural land is being developed into industrial areas, shopping malls and subdivisions. Farmers are growing old and their children have shifted into other careers. The agriculture industry has not progressed in ages.
How has the agriculture industry changed over the years?
Agricultural land is being developed into industrial areas, shopping malls and subdivisions. Farmers are growing old and their children have shifted into other careers. The agriculture industry has not progressed in ages.
Why is agriculture dying in the Philippines?
Unfortunately, this is not the case in the Philippines. In conclusion, the Philippines is facing this kind of problem because the farmers lack support, training and boost from the previous governments. It is evident that the Philippine government should exert more efforts to change the face of agriculture in the country to lift this dying sector.
Why is agriculture dying in our country?
The government has recognized the declining contribution of the agricultural sector in the country’s GDP and this drop in its performance is attributed to its vulnerability towards extreme weather events (drought and typhoons), infestations (coconut scale insects), and poor adoption of high-yielding varieties at the …
Why is agriculture a declining industry?
Three potential proximate causes for a decline in the share of agriculture in the course of economic growth can now be discerned: changing relative prices, differential rates of technical change, and changing relative factor supplies.
Is the agriculture industry shrinking?
The number of U.S. farms continues to decline slowly In the most recent survey, there were 2.02 million U.S. farms in 2020, down from 2.20 million in 2007. With 897 million acres of land in farms in 2020, the average farm size was 444 acres, only slightly greater than the 440 acres recorded in the early 1970s.
Is agriculture growing or shrinking?
The total area of cropland and pasture is now shrinking. This is particularly true in temperate areas and drylands, but also in some parts of the tropics. This century, more land has been left to return to nature worldwide than has been cleared.
Is agricultural productivity slowing?
Available data suggest that growth rates in agricultural land, labor and inputs in total have been steadily slowing over time, leading to accelerated growth rates in their average productivities.
How fast is agriculture growing?
ERS research continues to inform this topic, via our periodic reports. For more information, including a summary of recent findings, see the ERS Agricultural Productivity in the U.S. data product. The level of U.S. farm output nearly tripled between 1948 and 2017, growing at an average annual rate of 1.53 percent.
Is becoming a farmer worth it?
You can farm year round or find seasonal farm work. Farming requires dedication, passion, and a bit of luck. It’s one of the most rewarding jobs you can find though. There’s no doubt that farming is challenging and tough, but someone has to do it – and that means there are job opportunities in the farming industry.
Are farmers rich in USA?
Farm Household Wealth and Income In 2020, the average U.S. farm household had $1,714,559 in wealth. Households operating commercial farms had $2.8 million in total wealth at the median, substantially more than the households of residence or intermediate farms.
Why are farmers paid so little?
The greater the supply of a particular crop on the market, the lower the price drops. Since consumers buy more or less the same amount of food from week to week, a farmer can actually make less money when production is high.
Is there money in agriculture?
Agriculture can be a very lucrative business for farmers and investors alike as the cash crops, food and fruits produced coupled with poultry and snail farming and fish business will always yield good income as food is a very important commodity which people can never get tired of.
What farming makes the most money?
Corn, also known as maize, is a staple food in America and across the world. In 2019, U.S. farmers planted 91.7 million acres of corn, making it the most produced crop, of any crop, in the U.S.
Why are farmlands decreasing?
The loss of agricultural land is due largely to land degradation, such as erosion, which is when soil components move from one location to another by wind or water. Agricultural land is also being lost because it is being converted for other purposes, such as highways, housing and factories.
Why are farm prices falling?
A perfect storm of factors has led to the recent crisis in the farm industry. After boom years in the beginning of the 21st century, prices for commodities like corn, soybeans, milk, and meat started falling in 2013. The reason for these lowered prices are the twin forces upending much of the American economy: technology and globalization. Technology has made farms more efficient than ever before. But economies of scale meant that most of the benefits accrued to corporate farmers, who built up huge holdings as smaller farmers sold out. Even as four million farms disappeared in the United States between 1948 and 2015, total farm output more than doubled. Globalization brought more farmers into the international market for crops, flooding the market with soybeans and corn and cattle and milk, and with increased supply comes lower prices. Global food production has increased 30 percent over the last decade, according to John Newton, the chief economist of the American Farm Bureau. If that’s a good thing for feeding the planet, it also reduces what comes back to producers, whose costs don’t fall with prices.
How has technology made farms more efficient?
Technology has made farms more efficient than ever before. But economies of scale meant that most of the benefits accrued to corporate farmers, who built up huge holdings as smaller farmers sold out. Even as four million farms disappeared in the United States between 1948 and 2015, total farm output more than doubled.
What happened to the Midwestern farmers in 2007?
Heavy rain and unseasonable snow this year have also hurt many Midwestern farmers. This year “has been one of the most significant weather event years,” said John Newton, chief economist of the American Farm Bureau Federation. Portions of Iowa, Nebraska, and Minnesota experienced record flooding this year, with the upper Mississippi River receiving 200 percent more rain and snow than normal. Unusual rain and snow prevented farmers from planting on 19 million acres this year, the most since the USDA began measuring in 2007. Last year, by contrast, weather prevented planting on just 2 million acres.
Why do farmers concentrate their land?
Family farmers say concentrating farmland among a few big companies is akin to feudalism, and un-American. It also diverts whatever profits might come from farming to faraway investors, aggravating the economic and geographic divisions that feed the nation’s political divide. “There’s a strong reason to be deeply concerned when instead of having 10 mid-sized dairy farms producing income whose owners spend it in town, you replace that with a large farm owned by a set of investors whose profits go running off to New York and Chicago,” said Peter Carstensen, a professor of law emeritus at the University of Wisconsin law school.
What led to the plight of farmers?
In the years after the New Deal, they say, the United States set a price floor for farmers, essentially ensuring they received a minimum wage for the crops they produced. But the government began rolling back this policy in the 1970s, and now the global market largely determines the price they get for their crops. Big farms can make do with lower prices for crops by increasing their scale; a few cents per gallon of cow’s milk adds up if you have thousands of cows.
What will happen to rural America in 2040?
The regions surrounding America’s family farms may become the country’s next ghost towns. “We have to think about what we really want rural America to look like,” says Jim Goodman, president of the National Family Farm Coalition. “Do we want it to be abandoned small towns and farmers who can’t make a living, and a lot of really big farms that are polluting the groundwater?” (Large farms, which have more animal waste to deal with because of their size, have been found to pollute groundwater and air.)
When did Dean Foods file for bankruptcy?
Even large companies are facing unprecedented challenges; Dean Foods, a global dairy producer that buys milk from thousands of small farmers, filed for bankruptcy Tuesday, November 12, and is seeking a sale, a move that could further hamper farmers looking for places to sell their milk.
What is the decline in hardware manufacturing?
The rise of low-cost imports is causing a decline in the hardware manufacturing industry. Imports currently account for more than 50 percent of all metal hinges, handles, keys and locks sold in the U.S. compared with 29.3 percent in 2002. Most of these imports come from China, Mexico and Canada.
How much has the banking industry declined in the past five years?
Moreover consolidation in the banking sector is likely to see revenues decline further, falling 0.9 percent per year over the next five years.
What factors are responsible for the downturn in the appliance industry?
The factor most directly responsible for the industry’s downturn however has been the increasing trend among manufacturers to offer warranties on new appliances. Improving appliance technologies have also resulted in lower demand for repair services.
How has technology hurt the recordable media industry?
Technological developments have hurt the recordable media manufacturing industry which makes tapes and disks. Consumers first shifted to hard drives, and more recently to online downloading and streaming technologies. This, combined with the access to on-demand digital media, caused industry revenue to fall an average annual rate of 7.4 percent over the past 10 years.
How do newspapers drive revenue?
Newspapers can, however, try to drive revenue through the use of paywalls and by charging for applications that allow access to full issues and multimedia content across a range of platforms.
Why is the DVD rental industry taking a hit?
The DVD, game and video rental industry has taken a hit because of its struggle to adapt to a competitive marketplace and embrace technological developments. Consumers are increasingly opting for streaming, video on demand (VOD) and downloading media.
Who are the major players in the hardware industry?
Stanley, Black & Decker, Assa Abloy, and Ingersoll-Rand Company are the biggest players in the hardware manufacturing industry.
Odds are you’ve noshed on a spud from Larsen Farms. Maybe it was a Thanksgiving masher, one sold under the Green Giant label. Or was it a Lay’s potato chip or a stack of Pringles? The best part is that with each and every bite, you prove an Idaho teenager right.
GAYLON LAWRENCE JR
115,000 acres – citrus, corn, cotton, rice, soybeans, wine grapes, winter wheat
In the mid-19th century, William Scully was managing a few small farms in Ireland. Then he read about the rich farmlands south of Chicago. Scully borrowed 10,000 pounds sterling and went on a shopping spree. But Scully was no farmer. He leased his lands to tenant farmers and in the process created one of the largest farmland empires in the nation.


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Gawooni describes itself as a “games ecosphere” that uses digital tokens. Find out how it works today in our review.
What Is Gawooni?
Gawooni, found online at Gawooni.co, is developing a multi-featured gaming ecosystem dedicated to serving B2C and B2B clients. The company describes its platform as a “games ecosphere”.
The platform will use digital tokens. A pre-sale for Gawooni’s tokens began in March 2018.
Overall, Gawooni sees itself as “the next big thing in gaming.” It will disrupt the industry by publishing games that are fun to play. Gawooni has already partnered with the Thai Ministry of Tourism and Thailand’s Elephant Nature Park. That’s because the company has created games advertising the natural beauty and animals of Thailand. The company’s logo also prominently features an elephant.
Gawooni is an existing game developer that can be found online at Gawooni.company. That company just recently released its ICO website at Gawooni.co. Gawooni has five total games in its portfolio, including two games (Tuk Tuk Rush and Jungle Rush) released in early 2018.
Although Gawooni appears to have a strong connection to Thailand, the company is registered in Birmingham, UK and run by German entrepreneurs.
How Does Gawooni Work?
Gawooni plans to launch its own gaming platform in 2018. Right now, the company is a straightforward games developer that makes mobile and desktop games.
By launching their own gaming platform, Gawooni wants to bring game developers, publishers, users, and advertisers into one place. The platform will revolve around Gawooni’s own utility tokens called “GWON”.
Far from an ordinary gaming ecosystem, however, Gawooni sees itself as a benevolent platform. The goal isn’t to just make money: Gawooni wants to “make the world more peaceful by gaming.”
Gawooni will initially target the Asia-Pacific market as well as Southeast Asia, India, and South America. As mentioned above, the platform appears to have a particularly strong connection to Thailand.
So far, Gawooni has already developed two games that are ready to be published, including Tuk Tuk Rush. Tuk Tuk Rush will be published in close cooperation with the Tourism Authority of Thailand because the game will feature Thailand in an interactive way.
Gawooni’s second game is called Jungle Rush. That game will teach gamers about endangered animals in a fun and interactive way.
Other key components of the Gawooni ecosystem will include an online gaming and social networking community portal, a mobile app store, a download portal, a reward system, an advertising portal, a games publishing system, and more.
How Do Gawooni Tokens Work?
All games in the Gawooni ecosystem will use two digital tokens, including:
- Gawooni utility token (GWON)
- Gawooni coin
Gawooni coins are an in-game currency that can be used in all games.
GWON, meanwhile, is a universal payment instrument in the gaming ecosystem. All development and advertisement services can be paid in GWON, while gamers can earn Gawooni coins for completing various in-game activities.
The idea is that you can use one currency across all games. Gawooni tokens can be converted into Gawooni coins and vice versa. “This offers gamers complete new possibilities especially considering the reward system behind the games ecosphere,” explains the official website.
The Gawooni Token Sale
The whitepaper and official website do not list dates for the Gawooni token sale. The token pre-sale, however, appears to have begun early in March 2018. That pre-sale is only open to private, registered investors.
We assume the main token sale is taking place shortly after – say, in April 2018.
There’s a total supply of 40 million Gawooni tokens (GWON). Of that total supply, 22 million GWON will be posted for sale (55% of the total supply). The remaining tokens will be dedicated to a reserve fund for game developers, publishers, and gamer rewards (19%), management and the team (13%), legal and advisory purposes (10%), and bounties (3%).
There’s a minimum cap of 1 million tokens to be sold during the ICO.
Features of Gawooni
Gawooni lists all of the following features for investors:
- Two ready-to-publish smartphone games, including Tuk Tuk Rush and Jungle Rush
- Five total games under development “with high user interest”
- Third party cooperation agreements with artificial intelligence, augmented reality, and virtual reality solutions
- Gaming platform that provides users with opportunities, advantages, bonuses, discounts, and more
- “A huge amount of following gamers [and] the company’s and teams [sic] long experience”
- A utility token called GWON that offers multiple payment solutions
- Existing partnerships with the Thai Ministry of Tourism and Thailand’s Elephant Nature Park
As you can see, these features are mostly designed to convince investors of the viability of Gawooni as an investment opportunity.
Who’s Behind Gawooni?
Gawooni was founded in late 2014. By 2015, they had begun developing their first game, Tuk Tuk Rush, for mobile and PC. That game was released in Q1 2018. By Q2 2018, Gawooni started developing Jungle Rush for mobile and PC while also creating the Gawooni games ecosphere.
Before the end of the year, Gawooni seeks to launch three more games, including Naval Rush (mobile and PC), Crossy Rush (mobile and PC), and World Street Domination (mobile and PC).
Listed members of the team include Frank Holz (Director and Board Member), Michael H. Beekmann (Director and Board Member), and Martin Szymanski (Head of Publishing). Gawooni is focused on Southeast Asian markets, although the company frequently references its “German-British roots”. The company is officially registered in Birmingham, UK as Gawooni PLC.
Gawooni ICO (GWON Token) Conclusion
Gawooni is a mobile and PC game developer seeking to create an entire gaming ecosystem. The company is initially focusing on the Asia-Pacific market – especially Thailand. However, the company is run by German entrepreneurs and registered in the UK.
Gawooni will have two types of tokens, including Gawooni tokens (GWON) and Gawooni coins. GWON will be sold during the ICO and used as payments in the Gawooni ecosystem. Gawooni coins, meanwhile, will be awarded to gamers for various in-game activities.
To learn more about Gawooni and how it works, visit online today at Gawooni.co.


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PopCap Games free-to-play Plants vs. Zombies 2 is a contentious game to many. If you’re our own good friend Buster Heine, you probably think it’s a masterpiece of a sequel, proof-positive that free-to-play can be done well in the right hands. If you’re me or my girlfriend, though, you likely think it is inferior to the first game in pretty much every way, and a perfect example of how free-to-play mechanisms can ruin an otherwise great game.
Whatever your feelings on the matter, you have to admit that getting Plants vs. Zombies 2 exclusively to iOS is quite the coup. According to EA, it’s a coup that Cupertino (get it?) was willing to pay buckets of money to get. But is that the truth?
According to Giant Bomb, an internal town hall meeting was held early Tuesday in which Frank Gibeau, the head of EA Labels, said: “Apple gave us a truckload of money to delay the Android version of Plants vs. Zombies 2.”
PopCap refused to comment, saying that they “can’t comment on internal meetings.” No help there.
It’s a heck of an allegation, and the fact that the words allegedly come straight from the mouth of someone who would know make it more damning. If Gibeau’s quote is accurate, Apple is working like a traditional game publisher like Microsoft or Sony, who pay money to lock-up exclusives from their competitors.
The problem? Apple is denying the entire thing, saying flat out that the story is “not true.” It seems hard to believe they would risk being exposed by denying the report when no one expects them to pipe up on stuff like this anyway. If there’s a hint of truth to a report Apple doesn’t want exposed, the most you’ll get from them usually is “we don’t comment on rumors or speculation.”
One thing is for sure: Plants vs. Zombies 2 will be a big success on Android when it’s finally released. It is already available on Android in China, where it’s apparently outgrossing the iOS version six-to-one. Imagine how high that number will go when it’s released on Google Play across all markets.
Source: Giant Bomb


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63 on July 13th (Hurry the hell up George & Steven!)
Wouldn't a great present be the re-dedication of the Starcade re-designed
into a preview space, possibly tied into this:
The movie industry sat up and took notice when George Lucas opened the new Letterman Digital Arts Center, but the event also was significant to those in interactive entertainment. With the move from San Rafael to San Francisco, Lucas' video game division, LucasArts, will begin working even closer with Industrial Light + Magic on developing original games as well as continuing with its successful "Star Wars" and "Indiana Jones" franchises.
Peter Hirschmann, LucasArts vp product development, said the new facility will allow the creative minds behind some of the most revolutionary visual effects in Hollywood to work together with leading game programrs and animators.
"Star Wars: Episode III -- Revenge of the Sith," the current Xbox and PlayStation 2 hit, is an example of things to come with the Letterman facility. LucasArts used digital assets created by ILM for the movie and incorporated them into the world created for the game. All of the digital creations from ILM and LucasArts are archived, which will allow the game company to tap into the virtual backlot for future "Star Wars" games.
LucasArts will revive its "Indiana Jones" video game franchise in 2007 exclusively on such next-generation platforms as Microsoft's Xbox 360 and Sony's PlayStation 3. Additionally, the "Star Wars" franchise will continue to expand on current consoles, PCs and next-generation platforms in the coming years, with some games designed to tie into the two new "Star Wars" TV series Lucas has announced.
Games based on creations from Lucas' new digital animation division also are a possibility down the road. The developer also will introduce original properties like its January action war game, "Mercenaries," which became a hit without any help from Wookiees or brown fedoras.
"While we had two PC games on display at E3, 'Star Wars: Empire at War' and 'Star Wars Galaxies: The Total Experience,' our focus going forward will be on consoles and on next-generation consoles beginning in 2007," Hirschmann says. "George's mandate is to take risks and put quality over quantity."
LucasArts has restructured under president Jim Ward, who concurrently serves as LucasFilm vp marketing and distribution, allowing the game division to partner with LucasFilm and 20th Century Fox Home Entertainment in September with the simultaneous release of "Star Wars Battlefront" and the "Star Wars Trilogy" DVD release. A similar marketing marriage is expected this fall with the DVD release of "Revenge of the Sith" and LucasArts' "Star Wars Battlefront II."
Great excuses to finally update STAR TOURS and showcase Indy.


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Hi, today let us discuss on the export of iPhones from India. Rajkot News has given a detailed explanation of the increased exports of apple phones from India in their article.
Table of Contents
I can tell you that Rajkotupdate is a news portal based in Rajkot, a city in Gujarat in western India. The outlet covers news related to various categories, such as politics, business, sports, entertainment, education, and more.
It is important to note that news portals, like any other news source, may have biases or agendas. Cross-checking and verifying the information they present with other sources is always a good idea before forming an opinion or making decisions based on that information.
Does India export iPhones?
The government has set a target of $10 billion worth of mobile phone exports from the country. According to industry sources, Apple remains estimated to have clocked 50% with the export of ‘made in India’ iPhones worth $5.5 billion, about Rs 45,000 crore.
Does India export Apple?
Tech giant Apple made history by becoming the first company to export smartphones worth $1 billion in a single month from India. According to Economic Times, Apple shipped iPhones worth Rs 8,100 crore in December 2022, which took the overall export of smartphones to Rs 10,000 crore.
Exports from India
At current rates, it said outbound shipments of India-made Apple iPhones, mainly to Europe and the Middle East, are set to touch $2.5 billion in the 12 months to March 2023.
Apple Inc.’s iPhone exports from India surpassed $1 billion in the five months to April, according to people familiar with the matter, signaling the South Asian nation is making progress with its bid to become a force in electronics manufacturing.
It would take about eight years to move just 10% of Apple’s production capacity out of China, where about 98% of the company’s iPhones remain made.
At current rates, outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach $2.5 billion in the 12 months to March 2023, the people said. That’s nearly double the $1.3 billion worth of iPhones exported to India by March 2022, the people said, asking not to be named because the data is not public.
While India makes only a tiny share of iPhone output, growing exports bode well for Prime Minister Narendra Modi’s plans to make the country an alternative to China as the world’s factory. Apple, which has long made most of its iPhones in China, is looking for alternatives as Xi Jinping’s administration clashes with the US government and imposes nationwide lockdowns that have disrupted economic activity.
The quoted message of Navender Singh
“Apple’s manufacturing scale and healthy growth in exports indicate that India is gradually assuming an important place in the company’s China Plus One strategy,” said Navkender Singh, an analyst at tech researcher IDC. “And for India, this is a big sign of the success of its fiscal stimulus plan.”
Apple representatives did not immediately respond to an email seeking comment. The Cupertino, California-based company flirted with making its pricier iPhones in India before Modi’s $6 billion stimulus push in 2020 lured the US tech giant to its suppliers to ramp up production.
Apple’s leading Taiwanese contract manufacturers, Foxconn Technology Group, Wistron Corporation, and Pegatron Corporation, currently manufacture the iPhone at plants in southern India. All three won production incentives under the federal government’s scheme.
To be sure, India is still far behind China. According to Bloomberg Intelligence estimates, about 3 million iPhones were made in India last year, compared with 230 million in China.
Devices exported from India between April and August this year include the iPhone 11, 12, and 13 models, and exports of the iPhone 14 will begin soon, the people said. Apple started manufacturing the iPhone 14 in India last month — earlier than expected — after a surprisingly smooth production rollout that reduced the gap between Chinese and Indian production from months to weeks.
In addition to smartphones, India is preparing plans to increase financial incentives for tablet and laptop manufacturers, hoping to attract Apple to manufacture MacBooks and iPads locally and other brands.
But exiting China, where Apple has built a deep supply chain for nearly two decades, is not easy. A Bloomberg Intelligence analysis estimates that it would take about eight years to move just 10% of Apple’s manufacturing capacity out of China, where about 98% of the company’s iPhones remain made.
I can confirm that news reports suggest Apple’s iPhone exports from India doubled between April and August of an unspecified year.
Apple has been increasing its efforts to produce more devices locally in India, including the iPhone SE and iPhone 11 models, to reduce reliance on imports and take advantage of the country’s large and growing smartphone market. Apple has also remained incentivized by the Indian government’s “Make in India” program, which offers tax incentives to manufacturers who produce goods in India.
In addition to boosting its manufacturing operations in India, Apple has been expanding its retail presence there, opening up new physical stores and launching an online store in 2020. Ir suggests that the company is looking to establish a strong foothold in the Indian market, home to over a billion people, and remains a critical growth opportunity for tech companies.
What is the role of iPhones marketing in Indian Business
The marketing of iPhones in India plays a crucial role in Apple’s business strategy. India is a vast and diverse market with a rapidly growing middle class increasingly adopting smartphones and other digital devices. While Apple has been successful in many global markets, its market share in India has historically been relatively low due to the high prices of its devices compared to other smartphone brands.
To increase its market share and drive sales in India, Apple has been focusing on targeted marketing efforts that appeal to Indian consumers. It includes localizing its marketing campaigns with regional language support, highlighting the features of its devices that are particularly relevant to Indian consumers, and partnering with local retailers and e-commerce platforms to increase the availability of its devices.
In addition, Apple has been introducing new pricing strategies in India, such as offering installment payment plans and buyback programs, to make its devices more affordable and reachable to a broader range of consumers.
Overall, Apple’s marketing efforts in India remain geared towards establishing the brand as a premium and aspirational choice for Indian consumers while also adapting to the unique needs and preferences of the local market
Apple is producing and exporting several iPhone models, including the iPhone 12, 13, 14, and 14+, from India through its three contract manufacturers: Foxconn Hon Hai, Pegatron, and Wistron. These producers are located in Tamil Nadu and are participants in the Indian government’s smartphone Production-Linked Incentive scheme, which remain launched in April 2020.


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Amazon.com Inc. (NASDAQ:AMZN) is offering a mobile credit card reader that will compete with existing services from San Francisco-based startup Square Inc. and eBay Inc.’s (NASDAQ:EBAY) PayPal Here. Amazon announced its own credit card reader on Wednesday that works by plugging into a smartphone or tablet’s headphone jack.
Amazon is doing what it does best with Local Register -- undercutting established businesses in the same market to gain traction. Amazon is charging $10 for the card reader, and then crediting the same amount in processing fees. Amazon will also charge a lower introductory fee for small businesses that sign up before Oct. 31 -- 1.75 percent of a total transaction until the end of 2015.
While Square charges 2.75 percent for its similar service, and PayPal 2.7 percent, Amazon will only charge 2.5 percent for Local Register following its introductory period. Amazon’s card reader works with the company’s Kindle Fire line of devices, as well as those running iOS and Android.
Amazon’s latest service puts the heat on CEO Jack Dorsey’s Square, which already faces a number of problems. The payment processing startup is rumored to be in buyout talks with larger corporations like Google Inc. (NASDAQ:GOOGL), which it denied in May. Square has canceled plans for a credit card and is also rumored to be operating at a loss.


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The following editorial appeared in the Chicago Tribune:
They cost too much to make. They weigh down your pockets. Retailers hate counting them. As a unit of value, they’re practically worthless.
Why, oh why, can’t America bring itself to eliminate its pennies?
Abe Lincoln’s craggy profile is the only thing we’d miss about those obsolete brown circles spilled across dressers and nestled in seat cushions coast to coast.
Sentiment aside, the argument for keeping the penny isn’t worth a cent.
On Capitol Hill, the coin’s best friends are the mining companies and the counting-machine makers who have a financial interest in its continued existence. Some pro-penny advocates have resorted to scare tactics over the years, warning that retailers would rip off consumers by rounding up all prices to the nearest nickel. That might apply to single items exempt from sales tax with prices ending in nine. But there is no reason to believe the transition to a penny-free economy by itself would result in sweeping inflation.
Anyone looking for a solution to the nation’s penny problem doesn’t have to look far. As with banking regulation and the recipe for a proper poutine, America’s neighbor to the north has got it right.
Canada just announced a budget that calls for eliminating pennies, and we hope our nation will follow its example.
The Canadian plan is simple: Halt distribution of one-cent coins as of this fall, while allowing those outstanding to remain legal tender until they disappear from circulation.
In its announcement, the Canadian government noted that New Zealand, Australia, the Netherlands, Norway, Finland and Sweden, among others, already have made similar transitions smoothly.
The No. 1 goal is saving money. Pennies cost more to make than they’re worth — a lot more, in the case of the U.S. According to the most recent figures, the cost for the U.S. Mint to produce and distribute one cent has risen to 2.41 cents, its highest level ever. That number includes material costs, which have soared in recent years, as well as sales, general and administrative expenses.
In 2010, Congress passed the Coin Modernization, Oversight and Continuity Act, which authorizes the Treasury Department to investigate whether less-expensive materials and techniques could be used to make and distribute the penny, which is now composed mainly of zinc. The U.S. Mint has hired a contractor to conduct the research, and expects to issue the findings in December. President Barack Obama’s 2013 budget would allow the Mint to bypass Congress and change the composition of coins on its own authority.
We’ve got a better idea than spending taxpayer dollars to engineer a cheaper penny. Get rid of it. And while we’re at it, let’s learn another lesson from Canada and start using one-dollar coins.
That move is a tougher sell, though it also would save the government mega-bucks since coins last far longer than paper currency.
Americans have resisted adopting our nation’s various versions of the gold-colored “loonie,” which since its introduction in 1987 has replaced folding dollar bills in Canada. (Canada also mints a “toonie,” worth two Canadian dollars). In the U.S., the Susan B. Anthony dollar — first minted in 1979 — flopped partly because it looked too much like a quarter. The subsequent Sacagawea “golden dollar” is barely used apart from vending machines and transit systems. The even newer presidential dollar coins have fared no better for general purposes, though collectors like them.
The most effective way to introduce Americans to the dollar coin would be to stop printing dollar bills. We believe that day will come — eventually. Let’s start with pennies, and work our way up.


text: Cirrus Logic ( CRUS) confirmed it still expects to lose money in its second quarter and said lessened consumer confidence causes it to have a "conservative" outlook for the upcoming holiday months as well. Cirrus's shares were recently down 33 cents, or 7.14%, to $4.29 on the Nasdaq. For the quarter ending Sept. 28, the company expects a loss of 6 cents to 10 cents a share. Analysts were predicting the company would lose 7 cents a share. Cirrus expects revenue to be at $76 million, similar to the first quarter. Operating expenses are expected to be $43 million to $45 million.


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Updated: 2016-05-13 08:27
By Chen Yingqun(China Daily Europe)
Deep in cyberspace, the fame of nascent celebrities is exploding in a wave of online actors and actresses, clothing and makeup advisers, singers, writers and gossips.
We read about their sumptuous lifestyles, latest loves and multimillion-dollar contracts in the celebrity pages and on gossip websites. But behind many a film star there are long periods of joblessness and menial work before they make the big time. Of course, there are countless thousands who never make it.
But Jiang Yilei, 29, has become a star virtually overnight in China - not from being snared by a big film studio, but thanks to the internet and social networking sites.
Left: Online host Xianggong pouts as she makes a live broadcast in her bedroom in Beijing; Right: Papi Jiang attracted venture capital of 12 million yuan in March. Photos Provided to China Daily
Jiang, widely known as Papi Jiang, previously was an unknown graduate student at the Central Academy of Drama. Eight months ago she began to produce, star in and distribute online dozens of short videos in which she plays a variety of characters and lampoons those in everyday situations such as dating.
She has attracted some 13.1 million followers on the Chinese microblogging site Sina Weibo over the past few months. The public spotlight fell on her when she attracted venture capital of 12 million yuan ($1.85 million; 1.62 million euros) in March. On April 21, after fierce bidding among those vying to place advertisements alongside her videos, the hammer fell with a bid of 22 million yuan for the first ad to go with one of her online video clips.
Jiang, of Shanghai, is just one of thousands of Chinese to whom hugely popular internet social sites and social media such as Sina Weibo, WeChat and YY.com - which have hundreds of millions of users - have offered a stage.
"The way Papi Jiang managed to get venture capital and thus transform what she is offering into a commodity marks a sea change. This year heralds the beginning of the online celebrity economy in China," says Zhang Xiaorong, a researcher with the Tencent Research Institute, in a recent report.
"This will be the beginning of the making of online celebrities. Many online celebrities are going to emerge this year," says Xue Yongfeng, a researcher with Beijing internet consultancy Analysys International.


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Leti working with GlobalFoundries on 22 nm FD-SOI
Categorie(s) : Industry, Life @ MINATEC, News, Research
Published : 6 December 2016
FinFET and FD-SOI are currently neck-and-neck in the race to further miniaturize CMOS circuits beyond the 28 nm node. And major market players will play a key role in determining which technology wins. Leti, which has been betting on FD-SOI for years now, recently joined the 22FDXAccelerator ecosystem created by GlobalFoundries, the world’s second-largest foundry.
The consortium, which brings together around 20 manufacturers and research institutes, promotes FD-SOI’s benefits: ultra-low power consumption, low cost, and better RF performance than FinFET. 22FDXAccelerator also develops enabling technologies and files patents to encourage manufacturers to switch to FD-SOI technology.
And certain pioneers have already made the shift: NXP for its new automotive platform and Sony for its next generation of GPS products.


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BRW RICH WOMEN 2015
- BRW Rich Women - the 2015 full list
- Michelle Bridges 'thrilled' to join the BRW Rich Women list
- Baker's Delight co-founder Lesley Gillespie on her journey to the BRW Rich Women list
The BRW Rich Women list is dotted with household names, from Nicole Kidman to Michelle Bridges and Baker's Delight to Boost Juice.
But few people have heard of the woman at the top – reclusive Vicky Teoh.
Teoh has been the richest self-made woman in Australia every year since the publication of the first Rich Women list in 2013. This year her personal fortune is estimated at $938 million.
Teoh and her husband, David, emigrated from Malaysia in the 1980s and founded TPG Telecom. Teoh owns a big chunk of TPG shares in her own right and is also active in the family's investments in start-ups such as online spectacles retailer Oscar Wylee.
The BRW Rich Women list, published to celebrate International Women's Day, highlights the 30 wealthiest self-made women in Australia. To be eligible, the women must have contributed to the creation of their wealth, and not have inherited any significant sum from the previous generation. Mining magnate Gina Rinehart is excluded because of her inheritance from her father, Lang Hancock, despite her phenomenal success in business.
The women on the list have a combined wealth of $5.4 billion, up from $4.5 billion in 2014, and most individuals saw gains.
There are four entertainers: Nicole Kidman, Kylie Minogue, Elle Macpherson and Cate Blanchett. The corporate high-flyers include former Westpac boss Gail Kelly, mining executive Ines Scotland, Harvey Norman boss Katie Page, and Macquarie Bank executive Shemara Wikramanayake.
But 22 of the 30 women on the list – from Nutrimetics co-founder Imelda Roche at 80 to Carman's Fine Foods owner Carolyn Creswell at 41 - earned their fortune by founding and building their own businesses, in diverse industries such as fashion, food and hotels, either alone or with a partner.
Baker's Delight joint chief executive Lesley Gillespie, who started the business with her husband, Roger, is on the list with $75 million. The couple started with one bakery in Melbourne in 1980 and now have 700 stores in Australia, New Zealand and Canada through a franchise model. Baker's Delight will open its first US store in Connecticut this June.
"My main aim when we first started was that we would have enough money to choose which schools to send our children to," Gillespie says. "It's nice to have that choice and it's nice to be in a position where Roger and I are able to be philanthropic because we have the cash flow."
Brisbane-based Sarina Russo, worth about $103 million, is a solo entrepreneur in the employment and training sector and a property investor. Russo believes that entrepreneurship can solve unemployment and is particularly good for women.
"Nothing is greater than having options and choices in life and women today can have those choices," Russo says. "If you can evolve into financial independence it's a great start to giving you extraordinary choices and it empowers you."
Boost Juice founder Janine Allis, who stars as one of the "sharks" on TEN's reality show Shark Tank, is on the list with $66 million. Allis opened her first juice bar in Adelaide in 2000 and her business empire now includes Salsa's Fresh Mex Grill, Cibo Espresso and Hatch as well as Boost Juice. Allis made money last year when private equity investor Bain Capital bought into the business, but her family still owns a big stake.
Allis says she would encourage other women to start their own businesses, though she warns work-life balance is non-existent in the early years.
"If what I've done can inspire other women to give it a go that would be a great thing - my view is that women are very clever and we can create and smash whatever glass ceiling is there," Allis says.
Research: Rich List editor John Stensholt, Di Wu, Vi Benito.


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In order to prevent the leakage of revenue, underreporting of production and sales, and to ensure proper payment of federal excise duty and sales tax on the manufacturing and sale of specified goods/products, the Federal Board of Revenue (FBR) has decided to implement a ‘Track and Trace System’ for specified goods/products i.e. cement, sugar, fertilizer and beverages imported into or manufactured in Pakistan.
The FBR project office confirmed that the board has finalised all bidding documents related to the issuance of licences for electronic monitoring of production/sales of the four major sectors.
“Instructions for Licencing (IFL) and related documents will be published in January 2020 after due consultations with all major sectors/stakeholders,” the FBR said in a statement. “In order to arrive at the best possible solution, FBR plans to hold meetings with all stakeholders for their input, suggestions and recommendations.”
It was informed that the first meeting in this regard was held on 2nd December with cement manufactures; the second meeting was held with fertilizer manufacturers on 5th December, while the third meeting was scheduled to take place on 12th December.


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The Centre for Plant Medicine Research has launched two new products as it celebrates its 45th anniversary under the theme "Health Promotion and Wealth Creation: the Role of Plant Medicine Research in Ghana."
The two products seek to boost the immune system of persons from the ages of 12 years and above.
The Executive Director for the center Dr Kofi Babi Borimah, in delivering his address elaborated the benefits of herbal medicine in the country and how the research centre is ready to put in much effort for any medicine to be properly researched to make sure it is wholesome.
"Immunim and Ampoforte , the two new products will serve as immune system booster so that bacteria and others sickness will lose strength or even can’t stay in the system when they attack you.
"I am happy citizens in this country have accepted and now use herbal medicine or products to treatment of several sicknesses," he stated.
Dr Kofi Babi Borimah added that "The Centre’s OPD used to record 70-80 patients daily but now records 100-150 or more each day during the early days of the COVID-19 which tells us that most Ghanaians believe in Herbel medicine and its about time we make sure Herbel medicine will be a natural choice for all."
The Chief of Akuapem Mampong, Osaabarima Kwame Otto Dartey III pleaded with government to strengthen the center.
He urges government to establish branches in other regions of the country "so that each and every Ghanaian can be made to accept herbs for treatment when they fall sick. Again the founder of this center late Dr Oku Ampofo idea was to bring out over thousand herbal medicines so that it will help the individuals in Mampong and Ghana as a whole."
He added that the Centre launched an endowment fund to help it construct a state of the art research facilities across the country specifically in Eastern, Western, Ashanti, Bono East and savanna regions "so that the facility will strongly support and promote research and products development in the field of communicable infections, emerging and re-emerging diseases and non-communicable disease like cancer, diabetes and as well as promotion of research and training within Ghana and beyond."
Dr. Mrs Akua Nartey, FDA representative, Professor Kodjo Amedjorteh Senah, Dr Anastasia Yirenkye, Director Tof AMD, Dr Alfred A. Appiah, Deputy Executive Director for CPMR and others were present to grace the occasion.


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Whatever Happened to the Polaroid Instamatic?
Last week bore witness to the fact that recent improvements in camera phones and digital cameras – such as the increased megapixel quality and the precipitous price drops – have poised photo management to be a hotbed of competition.
The nation’s two biggest wireless providers, Cingular and Verizon, announced an agreement to roll out services over the next six months that will make it easy for customers swap photos over wireless networks regardless of their phone plan. This cooperative effort is expected to be a major boon in sales for both companies, but they aren’t the only ones taking advantage of people’s desire share snapshots.
The two companies may have entirely different targets for the services, however. It’s likely that Yahoo will try to integrate Flickr into its upcoming Yahoo! 360 service, which will attempt to unify blogging, instant messaging, search, and various file-sharing tools. It will also probably play into another service rolled out last week, the Yahoo! Creative Commons Search, which lets users find copyrighted pictures and content that can be used for personal or commercial use.
HP is more likely to be focused on capturing more of the digital-developing market by aligning with some of Snapfish’s printing options. HP’s home-photo-printing products are in a price dropping war with Shutterfly.com and Ofoto’s “order prints” services as well as companies like Walmart, Walgreens, and Costco that offer increasingly cheap digital developing.
But for those of you who are just interested in sharing digital art, check out Ourmedia.org.
Doing It to the Butler
Media mogul Barry Diller has added a search functionality – Ask Jeeves – to his growing collection of online-enabled search tools. Last week, Diller put in a bid to purchase Jeeves, the fourth largest search engine, for $1.9 billion.
If the deal goes through, Jeeves will likely be integrated throughout Diller’s other holdings: Expedia (travel), Home Shopping Network (shopping), Citysearch (going out) and Ticketmaster (tickets).


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The power of Hyundai Creta in the SUV world of India is quite noticeable. Apart from being the best selling model of Hyundai Motor India, it is also a very popular car in the domestic market. With which Hyundai has announced a new record this time. The South Korean company said that in India, its car has touched the milestone of selling one million units. Please let us know that Creta started traveling in the country in 2015. And you will be surprised to hear, the company said, one model of the car is sold in India every five minutes.
Hyundai Creta sales touch 10 lakh
Apart from the massive sales of this mid-size SUV Creta in the Indian market, Hyundai has also exported 2.8 million units abroad. In this context, the company’s COO Tarun Garg said, “Hyundai Creta has won the hearts of many Indian buyers and redefined the SUV segment. Currently, more than 1 million Creta SUVs ply on Indian roads.”
Garg added, “We are very grateful to those who have given their trust and love to Creta. This model will touch more milestones in the future.” Incidentally, the Creta will contribute 26.1% to Hyundai’s annual sales in the country by 2023. And last year the car had a share of 30.7% in the mid-size SUV segment.
Currently, Hyundai sells the second generation model of the car in India. The facelift version was launched last month. Meanwhile, 60,000 units have been booked, according to company sources. Hyundai Creta is currently priced between Tk 10.99 lakh to Tk 20.15 lakh (ex-showroom). Competitors in the market include Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, Honda Elevate, Volkswagen Taigun, Skoda Kushaq and MG Astor.
The car is available in 1.5-litre MPi petrol, 1.5-litre Kappa Turbo GDi petrol and 1.5-litre U2 CRDi diesel engine options. Outputs are 115 ps and 144 nm, 160 ps and 253 nm and 116 ps and 250 nm respectively. The car is available in four transmission options – 6-speed MT, IVT automatic, 7-speed DCT automatic and 6-speed AT.


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Taste thrills, but Kills
But here is worse news, an exclusive story for India, only from us!
European Food Safety Authority was asked in 2016 to deliver a scientific opinion on certain chemicals called free and esterified MCPD and glycidyl esters in food. Esters of 3- and 2-MCPD and glycidol are known contaminants formed during processing of vegetable oils; while MCPDs are produced in other foods during processing.
This Panel on Contaminants looked at the data and found that these Esters had the highest levels in palm oil/fat, but most vegetable oil/fats contain substantial quantities.
When these compounds were tested in rats, it was found that they caused cancers and damaged the kidneys. In toxicity testing, data from lower mammals like rats is studied to understand the possible damaging effects on humans. What the panel found was damning!
Even infants, toddlers and kids were getting average doses higher than acceptable, which meant that these ingredients are unsafe.
Glycidyl fatty acid esters are broken during digestion releasing glycidol. Glycidol is officially listed as “probably carcinogenic to humans” by leading scientific bodies like the International Agency for Research on Cancer (IARC) and the German Commission of the Senate on Maximum Allowance Concentrations (MAK-Kommission).
What about the toxic Indian trans fats? No one knows…
So, our Trans-Fat ie Dalda/Vanaspati also deserves a serious scrutiny. While the furore erupted and died in the west in 2016, reducing sales of Palm Oil products like Nutella by 3%, which uses processed palm oil as its key ingredient, India has remained blissfully ignorant, thanks to our media which has not reported on this for reasons best known to them. Over 200 products have been taken off the shelves in Europe.
The Independent has reported that safer substitutes oils, like sunflowers or rapeseed, would impact the cost by as much as $22m (£18m). Companies like Fererro have gone into an advertising overdrive rather than address the question by substituting the ingredients.
Multinational Corporations – Research and Mal-Development
What about the much boasted about R and D capabilities of these multinationals? The Indian vegetable oil scenario also needs a deep study. Nestle, that has many products with Palm Oil, on the other hand, did claim that it has cut down on the level of these chemicals. But how much, no one knows.
The harmful chemicals are produced in palm oil at temperatures exceeding 200 degrees centigrade, as is usual in making several food products on an industrial scale. World Health Organization and the U.N. Food and Agriculture Organization have acknowledged the potential dangers of these chemicals but have stopped short of raising the red flag on consumption.
But Indian media is silent. Why?
Markets like India are well known for the lax regulatory environment and limited efforts on the part of civil society, therefore, in terms of health and life expectancy we continue to languish far behind. The informal whispering campaign by our ill informed medical professionals exposed people to so called refined vegetable oils and trans fats, whose dangers are now clear to science.
We should now understand why India has become the diabetes and heart disease capital of the world. Advertising is a necessary evil in this age, but using the power of money to kill people is not liberal or intellectual by any standards. Is Indian media listening?
Just another parting shot, saturated fats like Desi Ghee have been taken off the harmful list, and it was a fraud perpetrated in the name of scientific health information, a fraud that had its origins in falsehood created where else, but the Mother of All Battles, the US!!
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The Union Cabinet on Wednesday approved a new development skill scheme at an expenditure of Rs 1,300 crore to help create more jobs in the labour-intensive textile sector that has been hit by demonetisation and the rollout of the goods and services tax (GST). The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
The scheme will cover the entire value chain of textiles excluding spinning and weaving in the organised sector. Through the scheme, nearly 10 lakh people are expected to be skilled and certified in various segments of the textile sector. The scheme also aims at placing 70 per cent of the certified trainees in the wage employment. The report also mentions that post-placement will be made mandatory under the scheme.
The objectives of the scheme are to provide demand driven, placement-oriented skilling programme in order to incentivize the efforts of the industry in creating jobs in the organised textile and related sectors.
It is aimed at providing livelihood to all sections of the society across the country including to rural, remote, LWE affected, North East, J&K by imparting skills in the identified job roles. Various social groups like SC, ST, differently-abled, minorities will be given preference. The scheme will also help meet the in-house requirement of manpower.
Reputed training institutes having placements tie-ups with textile industry will be rolling out the scheme. The skilling requirement in the traditional sectors such as handlooms, handicrafts, jute, silk etc will be considered as special projects through respective sectoral divisions/ organisations.
More than 10 lakh people of which around 70 percent were women, have been trained under previous scheme of skill development implemented by the Ministry of Textiles.
The cabinet also decided to bring in a new consumer protection law, repealing the existing Consumer Protection Act of 1986, that will provide better protection and an alternative dispute resolution facility for consumers. The Consumer Protection Bill, 2017 will seek to address â€œnew-age consumer protection challenges,â€ a person informed about the development said on condition of anonymity.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide


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As the app economy grows and matures, one trend has been recurring - even though there are more Android devices in the world, more money is generated through The App Store than is through Google Play. When you look at specific apps and their performance, it’s rare to come across one that is bringing in more revenue through Android users than it is through iOS users, even when there are more downloads coming from Google Play.
Eighteen days after launch (data is through 2/19), Nintendo’s Fire Emblem Heroes is one of those rare apps. Let’s break it down:
*Hover your mouse over the bars to view actual numbers.
Japan is seeing the majority of the Android revenue on a small number of downloads. This could be due to a small but hardcore fanbase in the country who happen to have Android phones even though the majority of Japanese citizens are iPhone users. Fire Emblem has been around for a few decades now, but with a much larger following in Japan which could be evoking feelings of nostalgia similar to how Pokemon GO did in the United States. We'll continue to monitor Fire Emblem as it evolves and see if iOS revenue picks up along the way.


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|Bid||7.500 x 100|
|Ask||7.730 x 100|
|Day's Range||7.490 - 7.590|
|52 Week Range||5.500 - 14.320|
|PE Ratio (TTM)||-0.59|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Kohl's, which is opening some in-store Amazon shops, will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago starting next month. Kohl's Corp. said Tuesday ...
Toys 'R' Us said it received a commitment for over $3 billion in debtor-in-possession financing from lenders including a JPMorgan-led bank syndicate and certain of the company's existing lenders. The new financing, subject to court approval, is expected to immediately improve the company's financial health and support its ongoing operations during the court-supervised process, Toys 'R' Us said. The company's Canadian unit intends to seek protection in parallel proceedings under the Companies' Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice, Toys 'R' Us said in a statement.
Sears, which partnered with Amazon Inc. this summer to sell Alexa-enabled Kenmore air conditioning units, is using Southern California as the first market to test the expansion of the line to other large appliances, including laundry machines and refrigerators. The “smart” appliances, which work with Amazon’s voice assistant Alexa, will be available to Amazon shoppers in Los Angeles, Orange and Riverside counties first before expanding nationwide in early 2018, reported the Orange County Register . Other West Coast and the Midwest markets are expected to offer Kenmore Smart appliances later this month and into early October, the newspaper said.


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Walgreen is partnering with five independent app developers to allow snapshots taken from smartphones to be sent to and printed at the chain's stores. (Justin Sullivan, Getty Images)
Walgreen Co.believes photo apps are ready for their close-up.
The drugstore chain is expected to announce Tuesday that it is partnering with independent mobile application developers on photos. This integration means that someone using selected third-party photo-sharing apps, for example, will now see an option to print out snapshots at a nearby Walgreens store.
Walgreen's initiative is meant to draw traffic to its stores and enhance its photo services with features that appeal to digital-minded consumers who take photos on their smartphones and share them on social networks.
Mobile devices are increasingly taking the place of dedicated cameras. According to a December report by the NPD Group, U.S. consumers took 27 percent of their photos last year on a smartphone, versus 17 percent in 2010.
The advent of smartphones as cameras also means that photo sharing has become more of a virtual activity than a physical one, with people posting their snapshots on Facebook and via applications such as Instagram. This shift in behavior has led to consumers printing fewer photos than before.
"The total market for prints has been declining over time as consumers use alternative solutions for viewing and sharing photos," said David Haueter, associate director of photo printing trends and photo merchandise trends for InfoTrends. The research firm forecasts that 15 billion prints will be made this year, a decrease from about 16.6 billion in 2010.
Retailers such as Walgreens, however, account for nearly two-thirds of total annual print volume, outpacing printing at home and online services, Haueter said.
And Walgreen continues to view photo services as a source of revenue and store traffic.
"People always want to share their memories," said Sona Chawla, the company's president of e-commerce. "We're going beyond the ability to just share (photos) on your smartphone."
Walgreen, based in Deerfield, said it sees growth in photo gifts such as customized albums, mugs and collages. In March, it introduced a feature through which iPhone and Android users can make prints directly from their phones using the Walgreens app.
Customers pick them up at a Walgreens store within an hour and pay 29 cents for a 4 x 6 print or $3.99 for an 8 x 10.
Now, customers can use participating outside apps. Partnering with developers to make more features available was the logical next step, said Abhi Dhar, chief technology officer of Walgreen's e-commerce division.
"For us to be able to tap into the creativity and innovation that is happening (on mobile platforms) was an opportunity that we couldn't pass by," Dhar said. "We have always had a very convenient, corner store approach to serving Americans, and photo has been a big part of that offering. When we saw the … amount of interest that consumers have in using their smartphones as photo-taking devices, it was natural to take where consumer demand was and link it with what we saw to be a strong part of our offering."
Walgreen will have five apps as launch partners — popular Instagram isn't one of them — on Tuesday but expects to bring many more into the fold. In August, the company will host a free "hack day" at its Chicago office for developers who want to build photo apps. Walgreen is awarding $5,000 in cash prizes and a six-month residency at the Illinois Technology Association's TechNexus clubhouse.
Liz Cutting, senior imaging analyst at NPD, said consumers are increasingly aware "that they can do more with their photos from their phone," whether it's performing simple edits on shots or turning them into creative photo products such as mugs and T-shirts.
Walgreen is betting that by tapping into the collective creativity of independent app developers, it can appeal to these smartphone-toting shutterbugs. For example, one of the company's launch partners, Pic Stitch, makes an app that combines multiple photos into a collage. Users can print their finished collages at a Walgreens store.
Another developer partner, Kicksend, makes an app that lets consumers privately send large batches of photos. Pradeep Elankumaran, the startup's co-founder and chief executive, said the Walgreens deal represents the first time his users will be able to print photos. He had looked into a print-to-mail service, but the process seemed to take too long, "whereas now, it's Walgreens; everyone understands that," he said.
Walgreen will share revenue with its photo app developers. Chawla said she believes there will be further opportunities to partner with outside developers in other areas. Walgreen's app offers a multitude of features, including the ability to refill a prescription by scanning a label with a phone's camera.
"Our strategy is really to have our app mirror all of Walgreen's strategies," Chawla said.


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As a proud Californian, I like to think we're ahead of the curve on a lot of things. This is the land of innovation where many national and international trends get started, so indeed we here in California are special. But not everything about being special is good. Last week I was in Las Vegas, where I paid about $3.60 for a gallon of gasoline. Then I come back to Los Angeles to find gasoline priced a dollar higher at $4.60 per gallon. Besides hearing rightfully outraged consumers being interviewed on the radio and television, the airwaves have also been full of politicians expressing their outrage and promising to get to the bottom of the mess, implying collusion, profiteering, and other dastardly behavior could be to blame.
However, there is no conspiracy theory to be proved. This is just a matter of California being special. Specifically, the problem is California special blend gasoline. California has mandated that only special blends of gasoline may be sold within the state to minimize air pollution. Indeed, there are two special blends, one for winter and one for summer use. Gasoline sold in most of the rest of the United States is unfit for use in California. What this means is that California gasoline is a specialty product, which is only manufactured by a small number of refiners. So if the regular source of gasoline sold in Nevada is knocked off line, it can be easily replaced by other gasoline on the market, with little disruption in supply or price. But when one California gasoline refinery goes off line, like the Chevron refinery in Richmond which has been closed for months by a fire, there is a measurable effect on supply and price. And when there is a second disruption like the Exxon plant power failure last week, the effect is magnified. So it's no mystery what caused the price spike in California gasoline--it's the mandatory special California gasoline requirements imposed by the state of California. The politicians all know this is what is going on, and they are just pandering to the public who is unaware of the economics involved.
Now given the precarious supply situation in California, the conspiracy theorists strongly suggest that California gasoline refinery problems are actually orchestrated to restrict supply and jack up prices. However, the fallacy in this assertion can be easily demonstrated by the fact that the producer whose facility goes off line does not benefit from the higher prices, since the producer doesn't have any gasoline to sell at the higher price. Does anybody really think Chevron is happy that their refinery is going to be closed for several months before reopening while everybody else's refinery is in full operation? [Update: Chevron's quarterly earnings were down 33 percent.} But everybody loves a conspiracy so this point is never raised.


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Factory: Dragon Sweater Ltd.
Key Buyers: Lidl, New Yorker, Woolworths
Last Updated: 2021
Dragon Sweater Ltd., a supplier to Lidl, New Yorker, and Woolworths, fired at least 500 workers—about half its workforce—in March 2020 and failed to pay them an estimated $133,200 in severance. In all, workers received barely a fifth of what they were legally owed.
Since the closure, Dragon Group, which owned the factory, has continuously refused to pay its debts to the workers, although it is obvious that the company possesses the financial capacity to do so. Dragon Group, which owns two additional garment factories, as well as a life insurance company and an information technology firm, is publicly traded on the Dhaka Stock Exchange and employs 12,000 people. In August 2020, Mostafa Sobhan Rubel, the managing director of Dragon Sweaters boasted, “My factories are fully booked until the end of September and my customers have also booked 60 per cent of my capacity from October towards the end of December.”
Workers have carried out numerous protests to press Dragon Group to fulfill its legal obligations. In October 2020, Dragon Group’s answer to its former employees’ efforts to secure the money it legally owes them was to send a goon squad to assault a group of workers engaged in a peaceful protest. According to local news reports, the attack left 12 workers hospitalized.
A September 2020 Dragon Sweater financial statement lists payments due from German retailer Lidl among the factory’s current accounts receivable as of March 31, 2020, indicating that the factory was producing goods for the retailer in early 2020. Lidl refuses to take responsibility, claiming it left in 2019. The Australian company Woolworths is also identified in Dragon Sweater financial statements as a buyer, as is the German brand, New Yorker. The latter has failed to respond to communications concerning its relationship with the factory.
None of these brands (nor any other buyers that may, to date, be unidentified) has stepped forward to take responsibility for ensuring that the workers who sewed their clothes are paid the severance pay they earned while doing so. As a result, workers have now gone for a full year without receiving most of the compensation they were legally owed at the time of their dismissal.


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On the Latest BizWireTV: Tech Revolution at This Year’s Cannes Lions Plus LinkedIn Lists the Best Places to Work
By Business Wire News
By Business Wire News
On the latest BizWireTV, big news out of Cannes Lions as advertising gets a VR makeover, new tech lets you edit for a sense of touch, and Yahoo! makes it easier for brands and agencies to create content. Watch the full episode for more stories featuring LinkedIn, Jack Daniel’s, Gametime, and more on BizWireTV – now featuring the Top Five Most-Shared Stories of the Week.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160624005087/en/
BizWireTV features the latest breakthroughs in tech from the biggest brands. Catch the weekly series that showcases the hottest news stories published over Business Wire’s distribution network.
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Yahoo! launches Yahoo Storytellers (NASDAQ:YHOO)
Where the World Wants to Work
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