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Tesla CEO Elon Musk Debuts 'Cybertruck' With A Slight Mishap
STEVE INSKEEP, HOST:
Good morning. I'm Steve Inskeep. There was a slight problem when Elon Musk rolled out his latest Tesla electric vehicle, the Cybertruck, at the LA Auto show - looks like a big metal triangle on wheels. The CEO wanted to show off its strength, so a man swung a sledgehammer at the door. It did nothing. Then the car's designer threw a big metal ball at the armored windows, which cracked.
(SOUNDBITE OF ARCHIVED RECORDING)
ELON MUSK: Maybe that was a little too hard.
INSKEEP: So they tried again, and the window cracked again. Transcript provided by NPR, Copyright NPR.


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Draghi, Inflation, UK Politics and Trump Keep the EUR, USD and GBP in FocusThe Aussie and Kiwi Dollars were under pressure early off the back of weak numbers. Focus now shifts to Draghi, U.S inflation numbers and geopolitics…
Earlier in the Day:
Economic data was on the heavier side through the Asian session this morning. NZ electronic card retail sales, Australian consumer sentiment figures, and China inflation numbers provided direction.
For the Kiwi Dollar,
Electronic card retail sales fell by 0.5% in May, month-on-month, which was worse than a forecasted 0.7% increase. Card retail sales had increased by 0.6% in April.
According to NZStats,
- The durables industry reported the largest decline in retail card spending, down by 0.8%.
- Spending on grocery and liquor reported the 2nd largest decline, down by 0.4%.
- There were also declines in spending on apparel and fuel industries, while there was no change in spending within the hospitality group.
- Bucking the trend was spending on vehicles (excl. fuel), up by 0.9%.
The Kiwi Dollar moved from $0.65859 to $0.65832 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.14% to $0.6573.
For the Aussie Dollar,
The Westpac Consumer Sentiment Index fell by 0.6% to 100.7 in June, reversing a 0.6% rise from May.
According to the latest Westpac report,
- The family finances vs a year ago fell by 2.4% to 83.2. The sub-index continued to remain below the long run average 89.4.
- Conversely, the family finances next 12-months rose by 3.1% to 107.0, supported by the latest RBA rate cut and tax cuts
- Sentiment towards the economic outlook was mixed in June.
- The economic conditions next 12-months sub-index decreased by 4.7% to 99.3, continuing to hold well above the average 90.9.
- By contrast, the economic conditions next 5-years rose by 1% to 98.2.
- On the consumer spending front, the time to buy a major household item index slipped by 0.2% to 115.5. The index continued to sit well below a long run average 127.3.
- Weighed by negative sentiment towards the economy near-term, the unemployment expectations index jumped by 5.1% to 127.0, reversing the previous month’s decline. The long-run average stood at 130.0 in May.
- From the housing sector, the time to buy a dwelling sub-index increased by 1.8% to 116.9, with the House Price Expectations Index surging by 22.7% to 109.7. Both sub-indexes sat below their long-run averages in June.
The Aussie Dollar moved from $0.69584 to $0.69566 upon release of the figures.
Out of China,
The annual rate of inflation picked up from 2.5% to 2.7% in May, which was in line with forecast. Month-on-month, however, consumer prices remained unchanged. Economic forecasts were for a 0.1% increase. The annual rate of wholesale inflation eased from 0.9% to 0.6%, which was in line with forecast.
The Aussie Dollar moved from $0.69539 to $0.6955 upon release of the figures. At the time of writing, the Aussie Dollar was down by 0.16% to $0.6951.
At the time of writing, the Japanese Yen was up by 0.04% to ¥108.48 against the U.S Dollar.
The Day Ahead:
For the EUR,
It’s a relatively busy day ahead for the EUR.
Finalized May inflation figures for Spain and French 1st quarter nonfarm payroll numbers are due out later this morning.
Barring a material deviation from prelim figures, the finalized inflation figures are unlikely to have an impact on the EUR.
Outside of the numbers, ECB President Draghi is scheduled to speak after the release of the Spanish inflation numbers. It remains to be seen whether Draghi delivers a blow to the EUR to reverse last Thursday’s gain…
Looking elsewhere, the market focus will remain on the Oval Office and any trade war chatter. There’s also the issue of Dollar strength to consider, which has moved back into the U.S President’s sights.
At the time of writing, the EUR was up by 0.02% to $1.1322.
For the Pound,
It’s a quiet day ahead.
There are no material stats due out of the UK today.
The lack of stats will leave the market focus on Parliament, the leadership race and Brexit chatter.
The Pound found support on Tuesday off the back support for a Labour Party move to block a no-deal Brexit. While the Pound found support, it was yet another demonstration of the lack of cohesion within the Conservative Party.
Michael Gove and other pro-remainers are reportedly looking to prevent a possible no-deal departure, which is a Boris Johnson proposal.
At the time of writing, the Pound was down by 0.07% to $1.2716,
Across the Pond,
It’s another relatively quiet day ahead on the economic data front, though we can expect Dollar sensitivity to the stats.
U.S May inflation figures are due out later this afternoon. We can expect the Dollar to respond to the numbers, with core inflation likely to have the greatest impact.
Outside of the stats, expect trade war chatter to continue to be an area of focus as the G20 Summit nears.
At the time of writing, the Dollar Spot Index was up by 0.02% to 96.701.
For the Loonie,
There are no material stats due out today to provide direction to the Loonie.
The lack of stats will leave market risk sentiment and today’s EIA crude oil inventory numbers in focus.
The Loonie was flat at C$1.3284, against the U.S Dollar, at the time of writing.

domain: news


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Still Waiting for Legal Stance onTrademarks in Subdomains
It looks like we’ll have to wait a little longer before we find out if using a trademark in a subdomain is legal or not. The lawsuit that would have helped define the situation has been settled out of court, according to ClickZ.
According to attorney and Santa Clara University law professor Eric Goldman, the case could have set some precedent about third-level subdomains (like the “blog” part of http://blog.clickz.com). While trademark law has been shown to apply to a regular domain name, it has not yet been applied to third-level ones, and it’s not clear that it would apply, he said. It would also help define Google’s responsibility in what subdomains it allows to be registered.
It will be a brave judge that rules that subdomains can violate a trademark. There’s very little distinction between a subdomain and a subdirectory (e.g. mydomain.com/google/).


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Poland’s competition watchdog has been asked to approve merger plans that would create one of the country’s “largest meat processing groups”.
The proposals would see meat processors Unimies and ZM Peklimar merge with family-owned sausages and meats producer Madej Wróbel, to create an entity with combined annual sales of around PLN1bn (US$246m).
Omega Holding, which is controlled by Polish businessman Zbigniew Dworakowski, who owns Unimies and Peklimar, has applied to Poland’s Office of Competition and Consumer Protection to merge with Madej.
Hanna Orlowska, the managing director of CIC Corporate Finance, which is advising Madej on the merger, told just-food today (15 March) the move was in line with market expectations of increasing “consolidation and concentration” within the meat processing industry.
Last month, Polish meat processing peer QFG confirmed plans to invest around PLN400m (US$100m) in its Pionki facility in central Poland by the end of 2022, with the creation of an additional 1,000 jobs.
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QFG, which is majority-owned by US private-equity group Highlander Partners, said it also planned to build a “hi-tech poultry slaughterhouse” at another facility on the outskirts of the city of Radom, also in the country’s central region.


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The rapid evolution of technology has disrupted various industries, and the financial sector is no exception. The emergence of financial technology, or fintech, has revolutionized the way we access and manage our money. Fintech companies leverage technology to provide innovative financial services such as mobile payments, peer-to-peer lending, robo-advisory, and blockchain-based solutions.
This rise of fintech has had a profound impact on traditional banks, forcing them to adapt and respond to the changing landscape. In this article, we will explore how banks are responding to the challenges and opportunities brought about by fintech.
While fintech companies may have initially been seen as disruptors, many banks have recognized the potential for collaboration and cooperation. Rather than viewing fintech companies as direct competitors, banks are finding ways to harness their technology and expertise to enhance their own offerings.
One way banks are responding to fintech is through strategic acquisitions. By acquiring fintech startups, banks can quickly gain access to cutting-edge technologies and talent. This not only accelerates their digital transformation but also allows them to stay competitive in the rapidly evolving financial landscape. Additionally, these acquisitions often provide banks with valuable insights into customer behavior and preferences, enabling them to tailor their services more effectively.
Furthermore, banks are also investing heavily in innovation within their own organizations. By creating internal innovation labs or partnering with technology accelerators, banks are fostering a culture of continuous improvement and exploration of new technologies. This allows them to keep pace with fintech developments and develop their own innovative solutions that meet the evolving needs of their customers.
Banks are also embracing technology to enhance their own operations and streamline processes. Automation and artificial intelligence are being utilized to improve efficiency, reduce costs, and minimize human error. From digital onboarding processes to automated loan approvals, banks are harnessing technology to provide faster and more seamless experiences for their customers.
In summary, the rise of fintech has presented both challenges and opportunities for traditional banks. Instead of viewing fintech companies as threats, banks are responding by collaborating with, acquiring, and investing in these innovative startups. By embracing technology and focusing on digital transformation, banks are improving their own operations and enhancing the customer experience. Through these efforts, banks are adapting to the changing financial landscape and positioning themselves for success in the age of fintech.
The Rise of Fintech
The rise of fintech has been fueled by technological advancements and changing consumer preferences. Fintech companies leverage technology to provide innovative financial products and services, disrupting traditional banking models. This has led to a shift in the financial landscape, with fintech gaining significant traction in recent years.
One of the key drivers of the fintech revolution is the increasing use of smartphones and internet connectivity. Mobile devices have become an integral part of our daily lives, enabling convenient access to financial services. Fintech companies have capitalized on this trend by developing user-friendly mobile apps that allow customers to easily manage their finances on the go.
Another factor contributing to the rise of fintech is the desire for more personalized and tailored financial solutions. Traditional banks often have complex and one-size-fits-all offerings, whereas fintech companies can provide more targeted and customized services. For example, robo-advisory platforms use algorithms to create personalized investment portfolios based on an individual’s risk tolerance and financial goals.
The democratization of financial services is also an important aspect of fintech’s growth. Fintech companies are making financial products and services more accessible to underserved populations. For instance, peer-to-peer lending platforms facilitate loans for individuals who may not have access to traditional banking services. By removing barriers and leveraging technology, fintech is leveling the playing field and fostering financial inclusion.
Furthermore, the rise of blockchain technology has had a significant impact on the fintech industry. Blockchain, a decentralized digital ledger, provides secure and transparent transactions without the need for intermediaries. This technology has paved the way for innovations such as cryptocurrencies and smart contracts, disrupting traditional payment systems and revolutionizing the way transactions are conducted.
Fintech has also gained traction due to its ability to offer better user experiences compared to traditional banks. Fintech companies prioritize ease of use and customer-centric design, leading to intuitive interfaces and streamlined processes. This user-centric approach has resonated with consumers who are seeking hassle-free and efficient financial services.
In summary, the rise of fintech is a result of advancements in technology, changing consumer preferences, and the desire for more personalized financial solutions. Fintech companies leverage technology to provide convenient, tailored, and accessible financial services. With the adoption of mobile devices, blockchain technology, and user-centric design, fintech has disrupted the traditional banking sector and continues to reshape the way we manage and access our finances.
Impact on Traditional Banks
The rise of fintech has had a significant impact on traditional banks, forcing them to adapt and respond to the changing landscape. Fintech companies have disrupted traditional banking models by offering innovative digital solutions and challenging the status quo. This section will explore the key impacts fintech has had on traditional banks.
One of the primary impacts of fintech on traditional banks is increased competition. Fintech startups have emerged as direct competitors to traditional banks by providing agile and customer-centric financial services. With their focus on user experience and technological advancements, fintech companies have attracted a significant customer base, especially among younger generations who prefer digital banking solutions.
Furthermore, fintech has also impacted revenue streams for traditional banks. As customers shift towards fintech solutions, traditional banks are facing reduced customer retention and decreased revenue from fees and interest charges. Fintech companies often offer lower fees or eliminate them altogether, making them an attractive alternative for cost-conscious customers.
Fintech’s emphasis on technology and data analytics has also created challenges for traditional banks. Banks are faced with the need to digitize their operations and harness the power of data to remain competitive. This includes adopting digital onboarding processes, improving online banking capabilities, and utilizing data analytics to gain insights into customer behavior and preferences.
Customer expectations have also been transformed by fintech, putting pressure on traditional banks to adjust their services. Fintech companies have set higher standards for user experience, simplicity, and convenience, forcing banks to enhance their digital offerings and streamline their processes.
However, fintech has also presented opportunities for traditional banks. Some banks have recognized the potential for collaboration and have formed strategic partnerships with fintech companies. By combining the expertise and established infrastructure of traditional banks with the innovation and agility of fintech startups, these collaborations aim to provide customers with the best of both worlds.
Regulatory compliance is another area where fintech has had an impact on traditional banks. Fintech companies often operate in a less regulated environment, which has given them the freedom to experiment and introduce disruptive solutions. Traditional banks, on the other hand, must navigate complex regulatory frameworks, which can slow down their ability to innovate.
In summary, fintech has had a profound impact on traditional banks. It has increased competition, challenged revenue streams, and raised customer expectations. Traditional banks must adapt by embracing technology, enhancing their digital offerings, and exploring collaborations with fintech companies. By doing so, banks can position themselves for continued relevance and success in the rapidly evolving financial landscape.
The rise of fintech has prompted traditional banks to adopt a collaborative approach, recognizing the potential benefits of partnering with fintech companies. This collaborative approach allows banks to leverage the strengths of both parties and offers a win-win situation for all stakeholders involved.
Collaborating with fintech companies allows banks to tap into innovative technologies, agile business models, and specialized expertise. Fintech startups often bring fresh perspectives, cutting-edge solutions, and a deep understanding of evolving customer needs. By partnering with fintech companies, banks can accelerate their digital transformation and enhance their product offerings.
One area of collaboration between banks and fintech companies is in the development of new products and services. By combining the deep industry knowledge and regulatory expertise of banks with the technological innovation of fintech companies, new and improved financial solutions can be created. This collaborative approach allows banks to stay competitive in the market while offering customers innovative and convenient products.
Collaboration also extends to areas such as risk management and compliance. Fintech companies often have expertise in areas such as cybersecurity, fraud detection, and regulatory compliance. Banks can benefit from partnering with fintech companies to enhance their risk management capabilities and ensure adherence to evolving regulations. This collaboration can help mitigate risks and protect both the bank and its customers.
Furthermore, collaboration between banks and fintech companies can also lead to improved customer experiences. By integrating fintech solutions into their existing systems and processes, banks can offer customers a seamless and personalized experience. This can range from providing simplified and efficient online banking platforms to offering innovative payment solutions or robo-advisory services.
Collaboration can also help fintech companies by providing them access to an established customer base and the infrastructure of traditional banks. This partnership allows fintech startups to reach a wider audience and scale their operations more quickly. Additionally, fintech companies can benefit from the reputation and credibility that traditional banks have built over the years.
In summary, collaboration between traditional banks and fintech companies is a mutually beneficial strategy. By partnering with fintech startups, banks can leverage innovative technologies, enhance their product offerings, and improve customer experiences. At the same time, fintech companies can benefit from the industry knowledge, customer base, and infrastructure provided by traditional banks. This collaboration allows both parties to adapt to the changing financial landscape and deliver value to their customers.
In response to the rise of fintech, traditional banks have turned to acquisitions as a strategic approach to stay competitive and foster innovation. Acquiring fintech startups allows banks to quickly gain access to cutting-edge technologies, expand their product offerings, and enhance their digital capabilities.
Acquisitions provide banks with the opportunity to leverage the expertise and talent of fintech startups. By acquiring these companies, banks can tap into the innovative mindset and entrepreneurial spirit that fintech brings. This allows for a more agile and dynamic approach to developing and delivering financial solutions.
One of the key advantages of acquisitions is the ability for banks to fast-track their digital transformation. By acquiring fintech startups, banks can leapfrog years of development and gain a competitive edge in the digital space. Fintech companies often offer innovative products and services that align with changing customer expectations, positioning banks at the forefront of technological advancements.
Furthermore, acquisitions allow banks to expand their offerings and diversify their revenue streams. Fintech startups often focus on niche markets or specialized financial services, providing banks with an opportunity to enter new segments and attract new customer segments. This not only boosts revenue but also strengthens the bank’s overall portfolio.
Acquiring fintech companies also provides banks with valuable insights into customer behavior and preferences. Fintech startups are often data-driven and have a deep understanding of their target audience. By integrating fintech platforms and technologies, banks can gather data that helps them better understand and serve their customers, enhancing the overall customer experience.
Successful acquisitions also contribute to the ecosystem of innovation. By acquiring fintech startups, banks signal their commitment to digital transformation and encourage further innovation within the industry. This fosters a collaborative environment where new ideas are nurtured and shared, benefitting both the acquiring bank and the broader fintech community.
However, acquisitions also present challenges. The integration of different cultures, systems, and processes can be complex and requires careful planning and execution. Collaboration between the bank’s internal teams and the acquired fintech startup is crucial to ensure a smooth transition and to capitalize on the strengths of both entities.
In summary, acquisitions have become a strategic response for traditional banks to the rise of fintech. By acquiring fintech startups, banks can access innovative technologies, accelerate their digital transformation, and diversify their offerings. Acquisitions also provide valuable insights into customer behavior and contribute to the overall ecosystem of innovation. However, successful acquisitions require careful integration planning and collaboration to effectively leverage the strengths of both entities.
Investment in Innovation
To stay competitive in the rapidly evolving fintech landscape, traditional banks are increasingly investing in innovation. By allocating resources towards research and development, banks can foster a culture of continuous improvement and exploration of new technologies and methodologies.
Investment in innovation allows banks to stay at the forefront of industry trends and technological advancements. It enables them to identify emerging opportunities and challenges, and to proactively develop solutions that meet the changing needs of their customers.
One aspect of investment in innovation is the establishment of dedicated innovation labs or research and development centers. These centers serve as hubs for creativity and collaboration, providing a dedicated space and resources for experimenting with new technologies, developing prototypes, and conducting market research. Through these innovation labs, banks can generate new ideas, test and refine concepts, and bring innovative products and services to market more quickly.
Another form of investment in innovation is partnering with technology accelerators, startup incubators, or venture capital firms. By collaborating with these organizations, banks can gain exposure to early-stage fintech companies and access a pipeline of innovative solutions. Through mentorship programs and funding initiatives, banks can support fintech startups and benefit from their innovative ideas and technological advancements.
Furthermore, banks are increasingly equipping their staff with the skills and knowledge required to drive innovation. This includes providing training and professional development opportunities on emerging technologies such as artificial intelligence, blockchain, and data analytics. By upskilling their workforce, banks foster a culture of innovation and create an environment where ideas can thrive.
Investment in innovation is not limited to technology alone. Banks are also focusing on improving internal processes and customer service through the adoption of innovative methodologies and strategies. This includes embracing agile methodologies, design thinking principles, and customer-centric approaches. By rethinking traditional processes and adopting innovative practices, banks can enhance productivity, improve efficiency, and deliver superior customer experiences.
Moreover, investment in innovation enables banks to tap into the vast amounts of data they possess. Data is a valuable resource that can drive insights and inform decision-making. Banks are investing in technologies and platforms that allow them to effectively analyze and leverage data, enabling them to make data-driven decisions, personalize customer experiences, and identify new business opportunities.
In summary, investment in innovation is a key strategy for traditional banks to remain competitive and relevant in the fintech landscape. By establishing innovation labs, partnering with technology accelerators, upskilling their workforce, and adopting innovative methodologies, banks can drive continuous improvement, explore new opportunities, and deliver innovative products and services to their customers.
In response to the rise of fintech, traditional banks are embracing technology as a key driver of their digital transformation. By leveraging technology, banks can optimize their operations, enhance customer experiences, and stay competitive in the evolving financial industry.
One of the primary ways banks are embracing technology is through the adoption of digital banking solutions. This includes platforms that enable customers to access their accounts, make transactions, and manage their finances online or through mobile apps. By providing convenient and user-friendly digital banking experiences, banks can meet the expectations of tech-savvy customers and offer them the convenience and flexibility they desire.
Furthermore, banks are utilizing automation and artificial intelligence (AI) to streamline their processes and improve efficiency. This includes automating routine tasks such as account onboarding, loan approvals, and fraud detection, freeing up staff to focus on more complex and value-adding activities. AI-powered chatbots are also being deployed to provide instant customer support and improve response times.
Data analytics is another technology that banks are embracing to gain insights and make informed business decisions. By analyzing large volumes of data, banks can identify patterns, predict customer behavior, and personalize their offerings. Data analytics also plays a crucial role in risk assessment, fraud prevention, and compliance monitoring.
In addition, banks are exploring the potential of blockchain technology. Blockchain offers a decentralized and secure method of recording and verifying transactions, eliminating the need for intermediaries. This technology has the potential to revolutionize areas such as cross-border payments, trade finance, and identity verification. Banks are investing in blockchain research and piloting projects to explore its potential applications.
Cybersecurity is a top priority for banks as they embrace technology. With the increasing digitization of banking operations, security threats and cyber-attacks have become more sophisticated and prevalent. Banks are investing in robust cybersecurity measures to protect customer data, secure digital transactions, and safeguard against potential breaches.
Banks are also embracing the Internet of Things (IoT) to enhance customer experiences and offer new services. IoT devices, such as smart home devices and wearables, can be integrated with banking platforms to provide personalized and contextual financial services. For example, banks can offer real-time spending insights or personalized offers based on IoT data.
Moreover, banks are adopting open banking initiatives, leveraging application programming interfaces (APIs) to share customer data securely with third-party providers. Open banking fosters collaboration and encourages innovation by allowing fintech companies to develop complementary products and services that enhance the overall banking experience for customers.
In summary, embracing technology is essential for traditional banks to thrive in the digital age. By adopting digital banking solutions, automation, AI, data analytics, blockchain, IoT, and open banking, banks can optimize their operations, improve efficiency, enhance customer experiences, and stay ahead in the competitive fintech landscape.
Digital transformation is a critical endeavor for traditional banks as they adapt to the changing technologies and customer expectations brought about by fintech. By embracing digital transformation, banks can modernize their operations, improve efficiency, and deliver seamless and innovative experiences to their customers.
One key aspect of digital transformation is the digitization of banking processes and services. This involves moving away from paper-based processes and manual workflows towards automated, digital systems. Banks are digitizing account opening, loan applications, and transaction processing, reducing the need for physical paperwork and enabling faster and more efficient service delivery.
Customer engagement is another focal point of digital transformation. Banks are leveraging digital channels such as websites, mobile apps, and social media platforms to engage with their customers. This includes providing personalized product recommendations, delivering targeted marketing campaigns, and offering self-service options for banking transactions.
Furthermore, digital transformation enables banks to harness the power of data and analytics. By collecting and analyzing customer data, banks can gain insights into customer preferences, behavior, and financial needs. This allows for more personalized and targeted offerings, creating a tailored customer experience that meets individual needs.
One significant component of digital transformation is the implementation of advanced analytics and artificial intelligence (AI). Banks are leveraging AI technologies to automate manual processes, detect fraudulent activities, and personalize customer interactions. AI-powered chatbots and virtual assistants are being deployed to provide instant and efficient customer support, improving service availability and response times.
Cloud computing is also playing a pivotal role in digital transformation for banks. By adopting cloud-based infrastructure, banks can reduce costs, enhance scalability, and improve flexibility. Cloud-based solutions enable banks to innovate faster, deploy new applications quickly, and provide secure remote access to banking services.
Collaboration and partnerships are another essential aspect of digital transformation. Banks are collaborating with fintech startups and technology companies to co-create innovative solutions and enhance their digital capabilities. These partnerships can range from joint product development to data sharing initiatives, fostering a culture of collaboration and innovation.
Furthermore, banks are investing in technology infrastructure and cybersecurity measures to ensure the integrity and security of digital channels. Robust cybersecurity strategies are critical to protect customer data, secure online transactions, and mitigate the risk of cyber threats.
Lastly, digital transformation necessitates a cultural shift within banks. It requires a mindset change that embraces agility, innovation, and adaptability. Banks need to foster a culture that encourages experimentation, continuous learning, and close collaboration between business and technology teams.
In summary, digital transformation is vital for traditional banks to meet the challenges and opportunities presented by fintech. By embracing digital technologies, automating processes, leveraging data and analytics, adopting AI solutions, and fostering partnerships, banks can optimize their operations, enhance customer experiences, and stay ahead in an increasingly digital world.
Improving Customer Experience
Improving the customer experience is a key focus for traditional banks as they respond to the rise of fintech. By prioritizing customer-centric strategies and leveraging technology, banks can enhance customer satisfaction, engagement, and loyalty.
One way banks are improving the customer experience is by providing seamless multichannel experiences. Customers expect to interact with banks through various channels, including branches, websites, mobile apps, and social media. Banks are integrating these channels, ensuring a consistent and intuitive experience across all touchpoints.
Personalization is another essential aspect of enhancing the customer experience. Banks are leveraging data and analytics to gain insights into customer preferences and behavior. By understanding individual needs, banks can offer personalized product recommendations, targeted offers, and tailored financial advice to their customers.
Additionally, traditional banks are investing in self-service options to empower customers and provide convenience. This includes online and mobile banking platforms that allow customers to perform transactions, access their account information, and manage their finances at their own convenience. Self-service options reduce customer effort and provide a more efficient and user-friendly experience.
Another way banks are improving the customer experience is by focusing on user interface (UI) and user experience (UX) design. Banks are investing in intuitive and visually appealing interfaces that are easy to navigate and understand. By prioritizing usability and simplicity, banks can ensure that customers have a positive experience when interacting with their digital platforms.
Customer support and engagement are also critical in enhancing the customer experience. Banks are leveraging technology, such as AI-powered chatbots and virtual assistants, to provide instant and personalized customer support. These digital assistants can handle routine inquiries, provide account information, and guide customers through various banking processes.
Moreover, banks are implementing proactive communication strategies to keep customers informed and engaged. This includes sending personalized notifications and alerts to provide updates on account activity, transaction confirmations, and relevant financial information. By keeping customers informed, banks can build trust and foster a sense of transparency.
Improving the customer experience also involves reducing friction in banking processes. Banks are streamlining account opening procedures, loan applications, and other banking processes to make them more efficient and hassle-free. By simplifying and digitizing these processes, banks can save customers time and effort while delivering a smoother experience.
Lastly, banks are actively seeking customer feedback to continuously improve their services. Surveys, feedback forms, and social media listening allow banks to collect insights on customer pain points and satisfaction levels. By actively listening to customer feedback, banks can identify areas for improvement and implement changes to meet customer expectations.
In summary, improving the customer experience is a top priority for traditional banks. By providing seamless multichannel experiences, personalizing interactions, investing in self-service options, prioritizing UI/UX design, enhancing customer support and engagement, reducing friction in processes, and actively seeking customer feedback, banks can deliver exceptional customer experiences and build long-term relationships with their customers.
Regulatory compliance is a critical aspect of the banking industry, and traditional banks are continually adapting their practices to comply with evolving regulations. As fintech continues to disrupt the financial landscape, banks must ensure that they meet regulatory requirements while embracing innovation and digital transformation.
One of the key challenges for banks in regulatory compliance is keeping up with the constantly evolving regulatory landscape. New regulations are introduced regularly, aimed at safeguarding customer data, preventing financial crimes, and promoting transparency in the financial sector. Banks must proactively monitor and interpret these regulations to ensure that their operations, products, and services remain compliant.
Traditional banks are investing in regulatory technology, or RegTech, to facilitate compliance processes. RegTech leverages advanced technologies such as artificial intelligence, machine learning, and data analytics to automate compliance tasks and improve efficiency. This includes monitoring customer transactions, conducting Know Your Customer (KYC) checks, and detecting potential money laundering activities.
Furthermore, banks are partnering with RegTech startups and technology vendors to enhance their compliance capabilities. These collaborations leverage the expertise of RegTech companies in interpreting regulations and implementing innovative solutions. By harnessing the power of RegTech, banks can streamline compliance processes and reduce the risk of non-compliance.
Data privacy and protection are also paramount considerations for banks in regulatory compliance. With the increasing use of technology and data analytics, banks must ensure that customer data is protected effectively. Banks are implementing stringent cybersecurity measures, data encryption techniques, and access controls to safeguard customer information and comply with privacy regulations such as the General Data Protection Regulation (GDPR).
Moreover, banks are investing in robust anti-money laundering (AML) frameworks to combat financial crimes. AML compliance requires banks to implement effective due diligence processes, monitor customer transactions for suspicious activities, report any suspicious transactions to regulatory authorities, and maintain comprehensive recordkeeping. Banks utilize technology to automate transaction monitoring and develop sophisticated AML detection systems.
As digital transactions increase, banks are focused on ensuring secure and compliant digital payments. Compliance with payment regulations, such as the revised Payment Services Directive (PSD2), is crucial for banks to facilitate secure and seamless payment experiences. Banks are implementing authentication measures, secure APIs, and strong customer authentication protocols to comply with payment regulations while offering innovative payment solutions.
Additionally, banks are proactively engaging with regulatory bodies and industry associations to stay informed about regulatory changes and contribute to policy discussions. Through participation in industry-wide initiatives, banks can help shape regulations and standards that support innovation while ensuring security and compliance.
In summary, regulatory compliance is a top agenda for traditional banks. By leveraging RegTech, partnering with technology vendors, implementing data privacy measures, strengthening AML frameworks, complying with payment regulations, and engaging with regulatory bodies, banks can navigate the complex regulatory landscape while embracing innovation and digital transformation.
The rise of fintech has presented both challenges and opportunities for traditional banks. Faced with the need to adapt to changing customer expectations, disruptive technologies, and evolving regulations, banks have responded by embracing collaboration, acquisitions, investment in innovation, and digital transformation.
Collaboration with fintech companies has allowed banks to leverage innovative technologies, expand their product offerings, and enhance their digital capabilities. By joining forces with fintech startups, banks can accelerate their digital transformation and strive towards delivering more innovative and customer-centric solutions.
Acquiring fintech companies has enabled banks to gain access to cutting-edge technologies and entrepreneurial talent, helping them stay competitive and foster innovation. This has fast-tracked the digital transformation process for many banks and allowed them to diversify their product offerings.
Investment in innovation has become critical for banks to keep pace with the rapid changes in the fintech landscape. By establishing innovation labs, partnering with technology accelerators, and upskilling their workforce, banks can drive continuous improvement, explore new opportunities, and deliver innovative products and services to their customers.
Digital transformation is a key strategy for banks to enhance operational efficiency, improve customer experiences, and meet the evolving demands of the digital age. Banks are adopting digital banking solutions, automation, AI, data analytics, and cloud computing to optimize their operations and deliver seamless and personalized experiences to customers.
Improving customer experience is an essential focus for banks as they strive to exceed customer expectations and build long-term relationships. Banks are providing seamless multichannel experiences, personalizing interactions, offering self-service options, prioritizing UI/UX design, enhancing customer support and engagement, reducing friction in processes, and actively seeking customer feedback.
Regulatory compliance remains a priority for banks, and they are investing in RegTech, data privacy measures, AML frameworks, secure digital payments, and engaging with regulatory bodies to ensure compliance while navigating the complexities of the regulatory landscape.
In conclusion, traditional banks recognize the significance of fintech and are taking proactive steps to respond to the challenges and opportunities it presents. By embracing collaboration, acquisitions, investment in innovation, digital transformation, and prioritizing customer experience and regulatory compliance, banks can position themselves for continued success in the fast-changing financial industry.


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Third-party delivery company DoorDash plans to raise $2.54 billion in an initial public offering, with shares priced at $80 each, according to newly filed Securities and Exchange Commission documents.
The company said it will use the funds primarily for “general corporate purposes” such as working capital and operating expenses. Some of the proceeds could also go toward acquiring or investing in other businesses, though it has no such agreements right now, DoorDash said.
Portions could also be used to fund its $200 million pledge to help restaurants and drivers, the company said.
The San Francisco-based company is the U.S. food delivery market leader, accounting for half of all sales. It will trade on the NYSE with the symbol DASH, joining Uber Eats, Grubhub and Waitr on the public market.
Founded in 2013, DoorDash has achieved massive growth in the past several years, increasing its market share to 50% in October from 17% in January 2018. The pandemic has provided a major revenue boost and helped DoorDash turn a profit in the second quarter, but the company has posted a net loss every year since 2013. It has spent liberally on customer acquisition and plans to continue to do so amid intense competition in the delivery space.
DoorDash now begins a so-called “roadshow” to pitch its offering to large prospective investors. It has set an initial price range of $75 to $85 per share, and will offer 33 million shares of Class A common stock. Goldman Sachs & Co. LLC and J.P. Morgan are serving as lead book-running managers for the IPO, DoorDash said in a release.
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Learn more about other Cruise Events including the Med, Asia and Latin America. Click here for details.
2013: Orient Queen to Become Louis Aura, Deploy to South America
2014 Status: Did not happen, as the Orient Queen II took its place, chartered from Abou Mehri.
2013: New Cruise Line Alert: A new group has (supposedly) purchased a medium-sized cruise vessel with the intent of exploring a very new market. Others have tried, no one has succeeded.
2014 Status: An Indian cruise-start up was reported in July, and the ex-MSC Melody is currently in the region, awaiting her future as a floating hotel.
2013: Shorepower: Another port that is not on the West Coast is very close to the final sign off on a cold-ironing deal.
2014 Status: Since March 2013, Halifax, Quebec, Montreal and Charleston have all announced shorepower plans.
2013: Apartment Ships: Is another one finally close to being real? Or is it just another dream?
2014 Status: No news since, despite persistent rumors the Utopia is nearing a contract.
2013: Scrubbers: Cruise lines may be lining up to purchase scrubbers, at least according to major repair shipyards which are suddenly rushing to become experts on the installation of the exhaust-cleaning technology as the North American Emissions Control Area looms for 2015.
2014 Status: Norwegian Cruise Line has said it will purchase scrubbers for a number of ships, and Carnival Corporation noted last summer it is rolling out the technology as well.
2013: Ship Order: Has a luxury cruise line finally placed a much rumored ship order?
2014 Status: Regent and Seabourn have ordered newbuilds for delivery in 2016.
2013: Global Perception: For an industry facing perception problems from the mainstream media, it seems strange to ban the media from an upcoming safety exercise.
2014 Status: The industry did not change their position as media members were excluded from the Black Swan mass rescue operation in the Bahamas last April.
2013: Viking Ocean Cruises: With four ship orders in at Fincantieri and two options, Viking Ocean Cruises could deliver a first ship as soon as March 2015 according to multiple suppliers with knowledge of the timeline.
2014 Status: The first Viking Ocean ship will be delivered in Spring 2015.


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July 14, 2022
AOUT ended its first full year as a standalone public company by taking a $67,849,000 goodwill impairment charge triggered by its declining market capitalization, which contributed to a net loss of $76,686,000 in the final fiscal quarter ended Apr. 30 against a profit of $1,248,000 last year.
While possibilities for Section 301 tariff relief are developing on numerous fronts, there remain no clear answers cutting through the noise of Biden administration comments and the wheels of legislative and judicial action are turning at a slow clip, trade attorney David Cohen reported at an SFIA seminar.
Net income attributable to shareholders fell 49% in the first half to €8.7 million ($9.3 mm) from €17.0 million, as revenues slipped 7% to €148.4 million ($158.0 mm) €159.6 million as sales declined in every region.
The footwear maker’s second quarter revenues increased 13% to $443.9 million from $392.1 million last year on strong order growth and higher selling prices.
The Japanese sportswear company chose three winning startups at a recent demo day, who will receive support from the Asics Accelerator Program including investment and collaboration.
The family-owned adhesive gun grip maker has acquired Arachnigrip for undisclosed terms.
Westfield Outdoor is recalling about 6,000 camping tents following reports of the stove jack ring deteriorating when exposed to high temperatures from contact with a stove pipe.
Sakar International is recalling about 13,000 Tony Hawk silver multi-purpose helmets because they can fail to protect in the event of a crash, posing a risk of head injury.


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The equipment upgrades and higher quality materials reflect the fact that many customers in Europe buy high-spec versions.
“The majority of our [Ranger] business is really high end,” Hans Schep, Ford of Europe’s head of commercial vehicles, said at a Ford capital markets day in May. “You would be surprised at the money customers spend. Not just on the vehicle, but what they bolt on afterwards.”
In the first quarter, 89 percent of Rangers sold across Europe were five-seat, four-door, double-cab models, Ford said. Of the total, 78 percent were high-spec lifestyle variants such as the Wildtrak and Raptor.
Ford dominates the relatively small European pickup market with the Ranger after rivals such as Mitsubishi, Nissan and Renault cut or scaled back models.
The current Ranger led the segment at the end of September with a share of 39.9 percent on sales of 45,539 units in Ford’s 20 European countries, the automaker said. Its main competitor is the Toyota Hilux.
Ford has said the new Ranger will be sold in 180 countries globally. No plans have been announced for the U.S., where the Ranger, revived in 2019, is sold alongside the vastly more successful F-150 full-size pickup, but the company is expected to add the new model at a later date.
The new Ranger was designed at Ford’s Product Development Center in Australia.
“Our team was focused on one goal – to make this Ranger the toughest and most capable we’ve ever created,” said Graham Pearson, Ranger vehicle program director, said in the statement.
The new Ranger is equipped with a body-on-frame ladder chassis, in line with previous generations, but Ford said a hydroformed front end allowed for a wider engine bay to accept the 3.0 V-6 diesel.
A 50-mm longer wheelbase pushes the front wheels further forward for better off-road ability, while the track has been widened by 50 mm width to allow larger items to be loaded in the bed, including full-size pallets or sheets of plywood.
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Just Announced: Dave Matthews and Tim Reynolds to Play Tuscaloosa Amphitheater Wednesday, May 3, 2017
The Tuscaloosa Amphitheater made a surprise announcement this morning, and we're still reeling from the news: Dave Matthews and Tim Reynolds are coming to T-Town Wednesday, May 3rd!
That's right: Dave Matthews AND Tim Reynolds. Together. In Tuscaloosa!
Dave Matthews and Tim Reynolds are kicking off their summer tour of the U.S. right here in the City of Champions. Tickets go on sale at 10 a.m. Friday, February 10th.
More show details will be announced in the future, but the important takeaway here is to set your alarm for 10 a.m. Friday, February 10th so you can snag a pair of tickets to this show. You know it's going to sell out FAST!
Dave Matthews and Tim Reynolds are known for their stunning acoustic performances. Their live double album, Live at Luther College, was one of the biggest releases of 1999 (and one of my faves as a teenager). They also released Live at Radio City in 2007 and Live in Las Vegas in 2010.
I've shared some of my favorite Dave Matthews and Tim Reynolds songs below. Check them out--and comment with your favorites below!
The night before Dave Matthews and Tim Reynolds take the stage will also be a HUGE for the Tuscaloosa Amphitheater. Def Leppard will play the Amp on Tuesday, May 2, 2017--with special guests Poison and Tesla.


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In With the New
Time was, watches, mops and sofas enjoyed life spans exceeding that of a new Madonna movie. But then, along came IKEA, Swatch and Swiffer to say hey, it's OK to cast off once-enduring commodities.
We Americans crave items that allow us to do more, go faster or look stylish. In a land of plenty, where the garbage collector shields us from viewing our largesse, companies are quickly hopping on the planned-obsolescence bus. Mitchell Goozé, author of The Secret to Selling More: It's Not Where You've Been Looking, If It Were, You'd Have Found It Already (IMI), says the trend is driven by our short attention spans. "A 'long time' in the U.S. is two years," explains Goozé.
Ever at the forefront of innovation, entrepreneurs are finding ways to make their products-even those that don't seem like obvious contenders-members of the ephemeral class. One way to do this, Goozé says, is to "make people more comfortable that it's OK to dispose of items." Goozé cites Old Navy as an example of a retailer that gets the trend-the clothes are so affordable, customers don't feel guilty tossing them after their 15 minutes of fashion expires. For higher-priced, more durable items, Goozé recommends entrepreneurs adopt a Xerox approach: Give customers an incentive to trade in and up by offering a good value for an old machine.
Another strategy is to "package products in smaller, user-friendly, throw-away containers," says Kathy Peterson, president of Kathy Peterson Productions Inc. in Tequesta, Florida. A crafts designer, author and TV show host who shows consumers how to make their own projects, Peterson says her industry has eagerly embraced the use-it, dispose-it movement with items ranging from disposable paintbrushes to no-mess paint pens.
Meanwhile, Mother Earth-minded entrepreneurs would be wise to start thinking about where all those landfill-lovin' wares will alight. There's bound to be gold in them thar hills of garbage.


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Verizon, for instance, says it plans to soon release a Transparency Report that details law enforcement requests for its customer data.
Government snooping could constitute an "advanced persistent threat" alongside sophisticated malware and cyberattacks," Microsoft general counsel Brad Smith wrote in a blog post in December.
Except in the most limited circumstances, Microsoft will fight government attempts to get customer data from the cloud, Smith said. "We believe that government agencies can go directly to business customers or government customers for information or data about one of their employees - just as they did before these customers moved to the cloud."
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Neu-Servo were proud sponsors of 16 year old Iesha Price at Miss Birmingham on the evening of 18/3/18.
The event which is a huge advocate towards charity was the finale of a monthly competition involving creative, physical and intellectual tasks for which Iesha was able to achieve a modelling contract award with fashion brand ‘mesheme’ as well as hitting the top 10 finalists out of 1600 applicants. A fantastic achievement at such a young age.
Neu-servo were very proud to sponsor Iesha and donate to the charitable cause and predict a very bright future for the young starlet!!


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Chapek’s generic reply regarding the future for one of Disney’s most important assets created no follow-up questions or headlines. But Chapek was directing an existential threat confronting the media industry and a problem that may one day rock the foundation of his media empire. It covers some of the most relevant studios and film franchises globally, apart from the dominant network for live sports.
Disney’s massive dilemma for ESPN is whether and when to cover a future without cable completely.
Broadcast and cable networks still earn billions of dollars per year from the traditional TV model. ESPN is a cumbersome successor because media companies gain monthly subscriber payments from pay-TV providers regardless of how many people follow their programming. Niche channels select just a few cents a month by a subscriber, while sports networks price several dollars.
Disney gets more money from cable subscribers than any other company, solely because of ESPN. As stated in research company Kagan, ESPN and sister network ESPN2 price became almost $10 per month combined, a unit of S&P Global Market Intelligence. According to Kagan, that’s at least four times more than nearly every other national broadcast or cable network.
Disney expects pay-TV providers to cover ESPN as part of their most popular cable packages. It’s a no-brainer for TV providers, who wouldn’t dare cut ESPN.
Meantime, the Non-Sports World Is Cutting the Cord
More than 6 million people left pay-TV in 2020, as stated by research firm eMarketer — the biggest yearly total ever. Approximately 25 million Americans have cut linear TV bundles in the preceding decade.
That produces a conflict within Disney that’s poised to intensify. Disney requires people to sign up for its streaming entertainment products, Disney+ and Hulu. Wall Street loves this too. Streaming video is an increase in business. Traditional pay-TV is a declining one.
It’s also a smart financial swap for Chapek. Disney executes more than $10 a month per subscriber for sports. However, it earns far less for entertainment networks like Disney Channel and FX, which carry lower audiences and don’t require high advertising rates.
If Disney can get a cord cutter to spend $8 per month for Disney+ and $6 for Hulu, it’s an extensive win for the company.
The opposite is true for ESPN. Exchanging an ESPN subscriber for an ESPN+ customer, who provides average revenue of fewer than $5 per month, is a significant loss for Disney. ESPN+ is a streaming service with restricted content.


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Orders up to 2023 for 3,700 guns with nine different countries
During DSA 2018, held 16-19 April in Kuala Lumpur, Malaysia, MONCh received a quick update on US Ordnance and its range of weapons by the company’s Sales and Marketing Vice President, Steve Helzer.
Starting with the 40mm MK19 MOD 3 automatic grenade launcher, Mr. Helzer said that while the cost of U$80 per round and its high rate of firepower made it expensive for some countries, he stated that this was offset by the firepower provided by the weapon along with the ability of penetrate up to 4in thickness of steel plate.
US Ordnance currently has eight international customers for the MK19 and hopes to gain more. It is now the sole manufacturer for the Mk 19. For the .50 cal M2 heavy machine gun , US Ordnance has orders up to 2023 for 3,700 guns with nine different countries including the US military and under FMS. Finally on display was the 7.62mm M60E6 general purpose machine gun which continues to post strong sales globally and in service in the region with Thailand and Indonesia.


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Samsung dominates the market for Android smartphones, with a device to suit pretty much every pocket. While the company didn't exactly finish 2016 on a high note, thanks to the Samsung Galaxy Note 7 fiasco,...
Huawei hardware embedded in BT's 21st Century Network a risk to UK national infrastructure
CEO Satya Nadella hails "incredible year" for Microsoft
Computing celebrates some of the female pioneers who found huge success despite male dominated environments
The government has proposed ways to attract new professionals to security, increase diversity and ensure leadership


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First it was Royal Caribbean International that took the hamburger seriously and introduced Johnny Rockets diners aboard its ships. Then, Carnival Cruise Line followed up with Guy’s Burger Joint.
Now Princess is introducing its all-new rib eye Ernesto Burger created by Chef Ernesto Uchimura and served in its Salty Dog Gastropub.
TUI Cruises has launched six varieties of burgers, served around the clock, including one with meat from grass-fed Galloway cattle. For all vegetarians, there are quinoa soy patties.
Costa Cruises has gone as far as “Italianizing” the burger, using 100 percent Italian Fassona beef and Italian cheese, served on Italian bread.
(Photo: Princess Cruises’ Ernesto Burger.)


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Chevrolet to invest USD 5 billion in growth markets, to roll out market-tailored vehicles
Chevrolet, one of the world’s largest car brands, announced that it will expand its business in growth markets by investing USD 5 billion in developing an all new vehicle family that will replace several existing vehicles. The move will expand General Motors’ current partnership with SAIC Motor, a Chinese state-owned automaker. General Motors and SAIC Motor have both entered into an agreement to jointly develop the core architecture and engine of the new models.
This is another important step in General Motors’ previously stated architecture consolidation plan back in 2014. The current program with SAIC and Chevrolet is expected to grow to more than 2 million vehicles annually with the first entry planned for the 2019 model year.
According to a press release from Chevrolet, the investment will substantially improve the profitability and competitiveness of the brand by delivering what customers expect in each market while taking maximum advantage of the benefits of global scale. Meanwhile, the agreement with SAIC Motor will result in significant development cost savings and optimized total vehicle cost.
There will a high level of localization of parts suppliers and this should drive significant savings over the life of the program. Vehicles will be manufactured and sold in several markets including Brazil, China, India and Mexico, and exported for sale to other important growth markets. There are no plans to export the vehicles to mature markets such as the United States.
The new vehicle family is Chevrolet’s answer to the “significant majority of anticipated industry growth in 2015 to 2030 outside of mature markets,” according to General Motors President Dan Ammann. Target consumers can expect “advanced customer-facing technologies focused on connectivity, safety and fuel efficiency,” said Mark Reuss, GM executive vice-president of global product development purchasing and supply chain. “It will be a combination of content and value not previously offered by any automaker in these markets that are poised for growth.”
The developers of the vehicle family are comprised of a multinational team of engineers and designers, assigned to tailor each entry to meet the expectations of customers in each market. “We have taken many decisive actions over the past few years to restructure our business in specific markets as part of our plan to become a more customer-focused company and to generate superior returns on our owners’ capital,” said Ammann. ”This growth initiative is the next important step toward our goal of building the world’s most valued automotive company.”
Chevrolet said more information on the investment plans of General Motors with SAIC Motor and the all-new vehicles will be made available in the coming weeks.


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AROUND THE NATION
AROUND THE NATION ; Woman in 'Beef' Ad Is Dropped by Wendy's
Published: March 23, 1985
DUBLIN, Ohio, March 22— Clara Peller, the star of Wendy's highly successful ''Where's the Beef?'' commercials, has lost her job with the fast-food chain.
Mrs. Peller was dismissed for appearing in commercials for a spaghetti sauce made by the Campbell Soup Company, said William M. Welter, executive vice president of Wendy's International Inc.
''The commercial infers that Clara found the beef at somewhere other than Wendy's restaurants,'' Mr. Welter said. ''Unfortunately, Clara's appearance in the ads makes it extremely difficult for her to serve as a credible spokesperson for our products.''
Mr. Welter said the 10 commercials in which Mrs. Peller appeared for Wendy's contributed to increases of 31 percent in annual revenues.
Photo of Clara Peller


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Category Archives: Uncategorized
By: Robert Dickie III, President Crown Financial Ministries. Published recently in FoxNews and Bloomberg Businessweek In a sluggish economy, if your New Year’s resolution is to find a dream job, it may be time to consider whether it’s time to … Continue reading
Published by Washington Examiner October 21, 2013 Leaders in Congress found a red line they would not cross in the budget deal just passed: a new Obama administration red line keeping the country mired in deficit spending. Faced with the … Continue reading
By Robert Dickie, President, Crown Financial Ministries Published August 02, 2013 by FoxNews.com Cultural shifts through industrial and technological advances have re-written maps and world histories as people responded to events, grasping for that which drives humankind: survival. The Industrial … Continue reading
The Founders’ fear of federal debt: Unlike today’s leaders, they considered overspending immoral – published in Washington Times – July 4, 2013
George Washington would roll over in his grave — bumping into his fellow Founding Fathers — if he knew the scope of America’s public debt. Among the values shared by America’s first leaders was an absolute fear of debt, given … Continue reading
Is there economic sunshine ahead? According to the latest consumer confidence findings…you might want to carry an umbrella. Today, Chuck Bentley shares 3 time-proven steps to provide financial shelter if an economic storm does come our way.
Fox News is carrying Chuck Bentley’s Op-Ed piece on graduating from college debt free. Here’s an excerpt: “What’s taking place is an emotional blackmail of sorts, in which colleges raise their prices far out of line with market events, holding … Continue reading
To buy or not to buy…that is the question. With an anemic economic recovery and a volatile housing market, knowing whether you should rent or buy is more important than ever. Chuck shares 3 important tips to help you decide … Continue reading
Knowledge is power…especially when it comes to buying a car. The purchase of an automobile is a major investment, so do yourself and your wallet a favor…join Chuck for today’s videocast and take a few notes. It could save you … Continue reading
So what’s in a name? Apparently a lot. At least that is what designer brands would have you think. Are those big name brands really better? Are they worth the extra money? Find out on today’s edition of MoneyLife.


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Torod Neptune stepped down from his role heading Lenovo’s worldwide comms to join Medtronic as chief communications officer in January of 2021, meaning he has now appeared on this list leading communications for three different companies in three different sectors..
Neptune's responsibilities will include leading global brand and corporate communications and corporate marketing, reporting to newly appointed chief executive Geoff Martha.
Neptune’s move comes four years after joining Lenovo as worldwide group vice president and chief communications officer, where he spearheaded the development of the computer company’s first ever Global Diversity and Inclusion report, and the launch of the company’s philanthropic arm, the Lenovo Foundation. Before that, he spent almost seven years with Verizon, where he oversaw communications for each of the company’s major business units, rising to the role of corporate VP of corporate communications.
Can you share a moment in your career when you saw PR's direct impact on business performance?
As CCO for one of the largest Chinese brands, navigating the geo-political tensions between the US and China during the previous presidential administration.
What are the communications industry's biggest challenges and opportunities in the year ahead?
Demonstrating the real business impact of our work during a challenging economic period where macro-issues will pressure many companies to reduce, pull back, and under invest in our discipline.
What have you most admired about this industry over the past year?
There is clearly a resilience that has manifested itself in the financial performance of the agency sector, and that has allowed those of us in brands to maintain – and grow in some instances – our organizations and budgets.
What has most disappointed you about this industry over the past year?
Overall, while there is progress in diversity recruiting at the mid/junior levels, there is still a shocking lack of diversity amongst CEOs and leadership teams.
How have you switched off from work and maintained wellness over the past year?I've started shutting my computer down and putting my phone away for specific periods of time while I focus on what matters.
Which book/movie/TV show/podcast/playlist/other cultural source has helped you get through the past year or provided inspiration?
I read 'Essentialism: The Disciplined Pursuit of Less’ by Greg McKeown on the recommendation of a colleague, and it has helped reinforce many things that I believe our discipline needs to embrace as we drive for the much-needed transformation of our industry/practice.
If I wasn't working in marketing/communications, I would be...
Owner of an ocean-front coffee shop on an underpopulated Caribbean island.
Sum up 2022 in one word.
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Pixel phones have been able to shoot in the dark for quite some time. But rumor has it that you’ll soon be able to use them to shoot timelapse of the night sky. After a dedicated astrophotography mode in Pixel 4, it looks like the latest update is extending it to timelapse.
The folks at XDA Developers were the first to spot the latest addition to the Pixel camera. They noticed an update on Google’s Pixel Tips app that educates users on new Pixel features. It contained a hint at the upcoming astrophotography timelapses even though this feature hasn’t been released yet.
“Version 188.8.131.523287606 of the Pixel Tips app rolled out today on the Google Play Store,” XDA Developers write. “After decompiling it, we discovered a new class called “CameraAstrotimelapseSettingController.”
“If the installed version of the Google Camera app is version 8.2.3 or higher (the latest publicly available version is 8.2.204), then the Pixel Tips app will surface the “CameraAstrotimelapse” tip. We don’t have access to version 8.2.3 of the Google Camera app nor do we have access to the assets for this new “CameraAstrotimelapse” tip, but we’re guessing based on the name and the version check that this feature is coming to the next Google Camera release.”
Pixel 4’s astrophotography mode is pretty capable, judging from some photos leaked ahead of the official release. So, I believe that the astrophotography timelapse mode will be somewhat similar. The guys from XDA Developers expect the new feature to be officially unrolled today. So, keep an eye on the updates today and over the following days, and so will we.
[via Business Insider India]


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WTO: 'Deepest recession of our lifetimes,' ahead after drop in global trade due to COVID-19
The World Trade Organization has forecast that global trade growth will drop by up to a third in 2020 due to the COVID-19 pandemic.
It bleakly added that goods trade would shrink more steeply this year than in the 2008 Global Financial Crisis, with WTO director-general Roberto Azevedo warning that the downturn "may well be the deepest economic recession or downturn of our lifetimes."
"These numbers are ugly – there is no getting around that," Azevedo added.
In a statement on Wednesday, the WTO said world trade is expected to fall by "between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world."
It added that the range of the expected fall is wide as there are many possibilities for how trade would be hit by the "unprecedented" health crisis and the economic impact was uncertain.
"Restrictions on movement and social distancing to slow the spread of the disease mean that labor supply, transport and travel are today directly affected in ways they were not during the financial crisis," it said.
"Whole sectors of national economies have been shut down, including hotels, restaurants, non-essential retail trade, tourism and significant shares of manufacturing," it added.
Although an optimistic outlook is that a sharp drop in trade will be followed by a recovery starting in the second half of 2020, the more pessimistic view is that the initial decline will be steeper and the recovery will be "prolonged and incomplete," the WTO said.
"Under both scenarios, all regions will suffer double-digit declines in exports and imports in 2020," it said, adding that North America and Asia would be hardest hit.
In its main annual forecast, the Geneva-based WTO highlighted that trade had already been slowing in 2019, before the emergence of the novel coronavirus in China at the end of last year.
Trade tensions, uncertainty and an economic slowdown weighed heavily on goods trade, which declined by 0.1 percent in 2019 after rising 2.9 percent a year earlier.
The WTO had previously forecast that there would be a trade growth in 2020. However, the situation has taken a dramatic turn since the COVID-19 outbreak.
The virus has now infected more than 1.4 million people since late last year, killing more than 80,000 and forcing governments across the world to take radical measures.
More than half of the world's population have been asked to stay at home and economic activity in many places has ground to a virtual halt.
Nearly all regions around the world are expected to register "double-digit declines in trade volumes" this year, the WTO said.
"The unavoidable declines in trade and output will have painful consequences for households and businesses, on top of the human suffering caused by the disease itself," the WTO's Azevedo added.


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FORTUNE -- The first paragraph of the commentary posted Wednesday on the website of the Economic Policy Institute, a liberal think tank founded by, among others, Clinton-era labor secretary Robert Reich, lays out the thrust of the argument pretty succinctly:
"For more than a year, there has been a high-profile debate over what Apple should do with its enormous cash reserve, now amounting to $137 billion. The proposals have been curiously one-dimensional, with a nearly exclusive focus on how the reserves should be used to reward its shareholders. Almost entirely absent from the discussion has been whether those reserves should also be used to provide fairer compensation to the workers making its products abroad or selling its products here. This imbalance is part and parcel of a larger trend: the share of economic rewards going to workers is diminishing."
It's not an idea many Apple (AAPL) investors are going to want to hear, especially with the stock down more than 36% from last September's highs. But as author Isaac Shapiro points out, long-term shareholders have nothing to complain about. Those who stuck with the company over the past five years have seen the value of their investments grow more than three-fold.
Less amply rewarded are the 30,000 Apple Store employees who make as little as $25,000 a year. Or the roughly 1 million Asian contract workers who take home, before overtime, between $225 and $288 per month.
Shapiro doesn't diminish the work Apple has done to raise pay scales and improve working conditions in its Asian supply chain. Nor does he suggest that Apple's competitors are doing better.
But he does point out that some of the pledges Apple made have not been fulfilled.
For example, in March 2012 Apple promised that workers assembling Apple's devices in Foxconn's factories would be compensated for hours they had worked in the past that had not been paid for, including pre- and post-shift meetings, time spent in mandatory trainings, and as many as 30 minutes of "unscheduled overtime" on any given day.
According to Shapiro, none of that back pay was ever issued, and it appears that none is forthcoming.
[UPDATE: Several readers questioned this section, so I followed up with the Fair Labor Association, under whose auspices the back pay issue was investigated. According to the FLA, the unscheduled overtime issue affected only one worker, and it turned out he hadn't filled out his time card. On the other issues -- mandatory training and pre- and post-shift meetings -- the FLA determined that it was a problem. The remedy proposed was for Samsung to change its practices and pay its workers for the such time going forward. No back pay was issued.]
He's got more examples, laid out fairly dispassionately, in $45+ billion for Apple shareholders, nothing yet for Apple workers.
As I say, it's probably the last thing Apple investors want to hear on yet another down day for the stock, but it does put those demands for bigger dividends and multibillion dollar stock buybacks in some perspective.
Will Tim Cook say anything newsworthy or material? Don't hold your breath.
FORTUNE -- Given the advance buildup -- a headline-grabbing billionaire, a high-profile proxy fight, a hedge-fund lawsuit, a federal judge's preliminary injunction and those cutesy iPrefs -- Apple's (AAPL) annual shareholders meeting today is likely to disappoint.
For one thing, the proposition that created all the fuss -- a change in the company's articles of incorporation that would have prohibited the issuance MOREPhilip Elmer-DeWitt - Feb 26, 2013 11:08 AM ET
The Street is taking bets on how many billions might be distributed to the shareholders
FORTUNE -- In the wake of the David Einhorn's legal challenge and Apple's (AAPL) statement in response, a flurry of analysts' notes:
Bill Shope, Goldman Sachs: The capital allocation theme heats up. "While we do not take a view on the basis of the legal proceeding, we believe this latest example of shareholder activism serves to highlight Apple's MOREPhilip Elmer-DeWitt - Feb 8, 2013 10:34 AM ET
Simply and transparently? Or through a complex scheme designed by a hedge fund?
FORTUNE -- After Thursday's Wall Street drama -- in which a media blitz orchestrated by hedge fund billionaire David Einhorn got a rise out of Apple (AAPL) management and a pop in the stock price -- I have a few thoughts about what's going on.
First, I take the company at its word (see statement) that it's got way more MOREPhilip Elmer-DeWitt - Feb 8, 2013 6:35 AM ET
What do any of their concerns have to do with building great products?
FORTUNE -- If Tim Cook needed further validation of Steve Jobs' policy of ignoring the needs and entreaties of Apple's (AAPL) shareholders, the results of the survey at right, released Wedenesday, could provide it.
It comes from a recent luncheon in New York City with several dozen Apple investors that was hosted by Barclays analysts Ben Reitzes and Anthony DiClemente.
If "the MOREPhilip Elmer-DeWitt - Dec 12, 2012 11:45 AM ET
The company is likely to hold on to its $100 billion cash hoard -- at least for now
I suspect that the number one question on the mind of Apple (AAPL) shareholders gathering today at 1 Infinite Loop for the company's annual meeting is what Tim Cook plans to do with Apple's roughly $100 billion in cash and marketable securities.
"I think it's clear to everyone, and I'd be the first to admit, MOREPhilip Elmer-DeWitt - Feb 23, 2012 8:02 AM ET
Like Google and Groupon, Facebook's letter expressed a defiant idealism that -- eventually -- must confront the realities of business.
By Kevin Kelleher, contributors
FORTUNE – For Internet companies going public, the founder's letter is becoming a ritual with a purely symbolic value, a rite of passage into the adulthood of public markets. Larry Page and Sergey Brin started it when Google (GOOG) went public in 2004. Andrew Mason raised it to MOREFeb 3, 2012 12:16 PM ET
Steve Jobs skipped the meeting. COO Tim Cook -- his heir apparent -- presided.
Apple's (AAPL) shareholder meeting got off to a slow start as latecomers filled the company's Town Hall auditorium nearly to capacity.
CNBC's Jon Fortt reported shortly after 1:00 p.m. EST that COO Tim Cook, not Steve Jobs, had taken the stage and was introducing the board of directors.
The most controversial shareholder proposal -- that Apple adopt a detailed MOREPhilip Elmer-DeWitt - Feb 23, 2011 1:33 PM ET
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FDA, CDC, and state health authorities are investigating an outbreak of illnesses caused by E. coli O157:H7 in the U.S. Epidemiologic, laboratory, and traceback evidence indicates that romaine lettuce from the Salinas, California growing region is the likely source of this outbreak. Current traceback investigations have identified a common grower in Salinas. FDA, CDC, and California partners have deployed a team to conduct new investigations at several ranches used by this grower as we try to identify the source of the contamination. According to CDC, there have been 138 cases reported in 25 states. The latest date that one of these patients reported becoming ill was on December 1, 2019.
Consumers: Consumers should not eat romaine lettuce harvested from Salinas, California. Additionally, consumers should not eat products identified in the recall announced by the USDA on November 21, 2019.
Romaine lettuce may be voluntarily labeled with a harvest region. If this voluntary label indicates that the romaine lettuce was grown in “Salinas” (whether alone or with the name of another location) do not eat it. Throw it away or return it to the place of purchase. If romaine lettuce does not have information about harvest region or does not indicate that it has been grown indoors (i.e., hydroponically- and greenhouse-grown), throw it away or return it to the place of purchase. Consumers ordering salad containing romaine at a restaurant or at a salad bar should ask the staff whether the romaine came from Salinas. If it did, or they do not know, do not eat it.
At this time, romaine lettuce that was harvested outside of the Salinas region has not been implicated in this outbreak investigation. Hydroponically- and greenhouse-grown romaine, which is voluntarily labeled as “indoor grown,” from any region does not appear to be related to the current outbreak. Consumers don not need to avoid using romaine harvested from these other sources.
Restaurants and Retailers: Restaurants and retailers should not serve or sell romaine harvested from Salinas, California. If you do not know the source of your romaine lettuce, and if you cannot obtain that information from your supplier, you should not serve, nor sell it.
Suppliers and Distributors: Suppliers, distributors and others in the supply chain should not ship or sell romaine harvested in Salinas, California. If the source of the romaine lettuce is unknown, you should not ship, nor sell the product.
For Restaurants, Retailers, Suppliers and Distributors: Currently, the FDA does not have enough traceback information to identify the specific source of the contamination that would allow us to request a targeted recall from specific growers.
FDA requested that industry voluntarily withdraw romaine grown in Salinas from the market and is requesting that industry withhold distribution of Salinas romaine for the remainder of the growing season in Salinas. Without more specific traceback information, this was the most efficient way to ensure that contaminated romaine was off the market.
Update: December 19, 2019
FDA continues to actively investigate the cause of this outbreak. An investigation team consisting of staff from FDA, CDC, the California Department of Public Health and the California Department of Food and Agriculture are attempting to identify any factors that could have led to contamination at a common farm identified by traceback. This investigation involves assessing and sampling soil, animal droppings, compost, water, and other potential environmental sources at the ranches of this grower. The samples and information collected during the farm investigations will be analyzed.
The Wisconsin Department of Health Services recently reported that they identified the outbreak strain of E. coli O157:H7 in an unopened bag of Fresh Express brand Leafy Green Romaine collected from an ill person’s home. The source of the romaine identified in the bag was Salinas, California. It was determined that one of the growers of this product also supplied romaine linked to other E. coli outbreaks that FDA is investigating.
These outbreaks are each caused by strains that are different from each other and different from the larger outbreak. One of the additional outbreaks, in Washington state, is potentially linked to romaine lettuce. The other outbreak, with cases in the U.S. and Canada, is linked to Fresh Express Sunflower Crisp Chopped Salad Kits.


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Investing.com — Tesla Inc (NASDAQ:) shares rose by 6% on news of an agreement with Ford Motor Company (NYSE:NYSE:). The deal allows Ford electric vehicle (EV) owners to access Tesla’s extensive Supercharger network starting next year.
Ford EV drivers will be able to access more than 12,000 Superchargers across the U.S. and Canada using an adapter.
Ford’s next generation of EVs, expected by mid-decade, will come equipped with Tesla’s charging plug. This move will allow future Ford vehicle owners to charge at Tesla Superchargers without needing an adapter and makes Ford among the first automakers to explicitly tie into Tesla’s network.
Analysts view this partnership as a significant step toward greater collaboration in the EV market and a win-win for both companies. With the increased accessibility provided by the agreement, Tesla is likely to see enhanced demand for its Superchargers, while Ford benefits from offering its customers a more widespread charging infrastructure. This collaboration could ultimately help accelerate EV adoption across North America.
The deal comes at a time when competition in the EV space is heating up, with traditional automakers ramping up their electrification efforts and new entrants joining the fray. By working with Tesla, Ford aims to leverage the market leader’s established charging network to improve its competitive positioning and attract more customers to its electric vehicle offerings.
The collaboration between two major players may encourage other automakers to pursue similar partnerships, leading to greater cooperation and potentially more rapid EV infrastructure expansion.
Click Here to Read the Full Original Article at All News…


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A computer games retailer has declared itself “autism friendly” after giving special training to staff and making adjustments in some of its stores.
Retailer Game has teamed up with autism charity Dimensions to ensure the equipment in its high-tech games hubs cater for those living with the condition.
The trial scheme will apply to the “Belong Arenas” of selected Game stores, which are areas where people can experience the latest in video gaming technology.
If successful, the scheme could be rolled out nationwide.
Staff in the Cardiff, Bristol, Manchester and York stores spearheading the trial have been given autism awareness training, and a range of adjustments have been made to equipment and the environment.
These include turning the lights down, keeping noise to a minimum, putting up signs to show it’s an autism friendly environment, and giving guidance around potentially busy times.
Nick Barratt at the Dimensions autism charity, said: “Autism friendly environments help people with autism and other sensory sensitivities feel welcome, and gives them the opportunity to try new things and be part of their communities.
“We’re asking everyone to help us spread the word and help us make society more inclusive.”
Read more from i:


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John Lewis mid-week Christmas trading update
Store sales uplift and strong online trading for the Group
For the week ending Saturday 18th December, sales were up 7.4% for the same week in 2009 and up 24% for the same week in 2008.
Commenting on the first four days of this week's trade so far (to end of Wednesday 22 December), Andrew Murphy, Retail Director for John Lewis, said,“Despite the continuing challenges from the weather in some areas of the country, this week has seen a pleasing uplift in in-store sales and continued strong performance online. For Sunday to Wednesday we are 4.3% up on last year. As expected, some trade has migrated from our online channel to our shops, following the cut off for pre-Christmas deliveries, making for a fantastic atmosphere in our branches across the UK.
“In particular, last-minute purchases in lingerie, beauty, jewellery and watches have been very popular with male customers, with many taking advantage of advice from our expert Partners to ensure they get the perfect gift - no doubt reassured by our no-quibble approach to returns in the event that their judgement is still slightly out!
“As the shops serve their final pre-Christmas customers on Friday evening, our website will be gearing up for Clearance which begins online at 5pm on Christmas Eve. The shops follow early on the morning of 27 December and we’re planning for our biggest ever clearance sale with up to 50% off thousands of lines from fashion to furniture and accessories.”
Simon Russell, Head of Multi-Channel and Joanna Brazier, Multi Channel Programme Director, both at John Lewis, will be speaking at the Retail Bulletin’s 2nd Multichannel Summit 2011, sponsored by k3 retail,February 2nd. To find out more, click here.
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