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Blockchains and Bagels Daily Market Roundup – 08.20.2018
Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Gemini founders move forward the Virtual Commodity Association with the addition of three exchange partners. Nvidia expected to announce GPU refresh.
The Virtual Commodity Association extends its list of members
The working group formed by the Winklevoss’ twins has announced the addition of Bitstamp, Bitflyer USA and Bittrex in its efforts to create an SRO. The Virtual Commodity Association(VCA) will have its first meeting in the coming weeks with discussions to establish membership guidelines and best practices.
Nvidia expected to announce next-generation GPU’s at Gamescon
Nvidia CEO Jensen Huang will present a keynote at Gamescon today, with the market expecting the announcement of its latest generation of GPU’s. The company is expected to launch the RTX 2080 line of cards with an updated architecture.
UPS has filed for blockchain patent to track global shipments
The international shipping company filed for a patent for tracking packages through its network using a distributed ledger. The document hints at the possibility of using smart contracts to interface between to separate ledgers.
Cryptofacilities extends its listed derivatives with BitcoinCash futures
The UK-based trading platform has listed BitcoinCash-Dollar futures. The addition expands its derivatives offerings beyond Ripple, Ether, Litecoin, and Bitcoin. The company provides the reference rate for the CME Group’s bitcoin futures.
Around the network
- Crypto trading revenue may double, Bernstein says
- Venezuelans speak out amid historic currency devaluation
- Jamaica Stock Exchange Partners with a Canadian Firm to Introduce Crypto Trading
Through the headlines
- US businesses warn Trump the next China tariffs are going to cost Americans from cradle to grave
- Venezuela’s 95% devaluation adds to chaos after drone attack
- Trump administration reportedly refuses to give Turkish bank relief in exchange for detained pastor’s release
- Gundlach warns record Treasury shorts risk pain on squeeze
- Why trade deficits aren’t the bogeyman Trump thinks they are
Buy Bitcoin, Ethereum, and other digital currencies on Coinsquare, Canada’s most secure trading platform.
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Mumbai, July 20
Tata Daewoo Commercial Vehicle Co Ltd (TDCV), one of the largest commercial vehicle manufacturer of South Korea and a 100 per cent subsidiary of Tata Motors, has developed South Korea's first liquefied natural gas (LNG) powered heavy tractor-trailer, an environment-friendly commercial vehicle.
TDCV pioneered the design, development and manufacture of the new LNG tractor, under an arrangement sponsored by Korea Gas Corporation (KOGAS).
The development work on the vehicle had begun in September 2004, said a press release from the company. KOGAS will put the vehicle on test drive during the second half of the year with a view to introducing it to the industry in 2007. The company that was acquired by Tata Motors in 2004, posted a turnover of Rs 1,584 crore in 2005-06, a growth of over 34.5 per cent over the preceding year's turnover of Rs 1,178 crore. In 2005-06, the company's profit after tax was at Rs 58.31 crore, a growth of over 160 per cent over the corresponding period last year of Rs 22.46 crore.

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The International Trade Practice Center on Bloomberg Law® provides in one comprehensive, time-saving resource.
Commerce Secretary-designate Wilbur Ross Jan. 18 signalled that he would not hesitate in using the Commerce Department's long-dormant authority to bring unfair trade cases on behalf of struggling U.S. industries.
“I’m an activist,” Ross told the Senate Committee on Commerce, Science and Transportation during his confirmation hearing. The hearing was heavily focused on enforcement but also addressed Cuba policy, export financing and the North American Free Trade Agreement renegotiation, among other issues.
Self-initiation of trade cases would be a significant departure in current Commerce practice and would allow for quicker relief for U.S. industries. Commerce has only self-initiated investigations on three occasions—most recently in 1991, according to a Commerce official.
Sen. Gary Peters (D-Mich.) complained to Ross that the authority to self-initiate dumping and subsidy cases on behalf of domestic industries has seldom been used. Dumping and subsidy cases are usually started by U.S. companies filing petitions to Commerce and the International Trade Commission. But Commerce can bypass this step and save U.S. industries time and resources by self-initiating cases on behalf of U.S. industries.
Commerce’s self-initiation authority is particularly useful for small companies that lack the resources to compile the necessary data to bring a successful case, according to Ross. The duration of dumping and anti-subsidy cases should be shortened, he said. Ross added that he wouldn't “look kindly” on foreign companies—under investigation in dumping and subsidy cases—that stall in providing information to Commerce, thereby delaying relief for domestic firms.
Ross said he would provide for “people power” to allow Commerce to self-initiate cases. By picking “strategic cases” and self-initiating them, Commerce would send the message that it is getting more serious about enforcement, he said.
A mechanism to help finance exports is needed in the U.S., particularly for small businesses, according to the secretary designee. Ross said he understood that the U.S.-Export-Import Bank had been criticized but added that “some sort of financing tool” for U.S. exporters is important.
The agency supports U.S. exporters by providing loan guarantees to foreign governments or companies to purchase U.S. goods. The agency needs a quorum of three board members to approve transactions greater than $10 million but currently only has two board members. Efforts to confirm other board members have been blocked.
Sen. Amy Klobuchar (D-Minn.), a supporter of Cuba engagement, asked Ross if he would back ending the U.S. trade embargo with Cuba or would recommend rolling back steps the Obama administration has taken. Ross said he doesn’t have a “firm view” on the embargo and would like to become more educated on the issue.
Commerce Committee Chairman John Thune (R-S.D.) questioned Ross about reports that he, instead of the Office of the U.S. Trade Representative, would lead the administration’s trade policy. “We’re well aware of the legislative powers of the U.S. trade representative, and obviously neither the president nor I will try to do anything that is adverse to the congressional mandate given to the U.S. trade representative,” Ross told Thune. However, he said U.S. trade policy could benefit by bringing together all the “intellectual resources and experience that we can” to resolving issues. Ross said there would be a collaborative process between the U.S. trade representative, Peter Navarro, who has been named as White House director of the National Trade Council and the commerce secretary.
According to Ross, there should also be an automatic reopening of trade agreements after several years to see if they are working as intended. He said U.S. trade deals have had weak enforcement, especially in the areas of labor and environment.
Negotiating bilateral trade deals is quicker and easier than multilateral deals, according to Ross. There is nothing “inherently wrong” with multilateral deals but “the more complex the environment gets in which you’re negotiating, the less likely you are to get to a sensible result,” he said. Ross added that after delving into thousands of pages on the Trans-Pacific Partnership (TPP) text, he found that parts “were not as advertised.” He cited a provision that he said would allow more than 60 percent of a car’s components to come from outside TPP countries but still get tariff benefits under the deal.
Several Republican senators, including Todd Young (R-Ind.), said they were concerned about the effect of high tariffs. When pressed about a 35 percent tariff proposed by President-elect Donald Trump, Ross said: “I think that it’s a complicated issue whether we should have one flat tariff on everything or whether it should be more tailored to [the] individual situation.” He said tariffs “play a role as a negotiation tool and, if necessary, to punish offenders who do not play by the rules.”
China’s steel overcapacity is resulting in low-priced steel being dumped, according to Ross. He said additional steps should be taken to ensure that unfair trade duties are collected, adding that billions have gone uncollected. “That kind of thing has to be fixed.”
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Sen. Thune's opening statement is available at http://src.bna.com/lxi.
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
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View all news of Brückner Groupread more
Incredible India, one of the fastest growing economies is pushing efforts to improve the supply of food and other consumer goods which in turn are main drivers within the packaging industry.
"Infinite Opportunities", this year's slogan of the PlastIndia has been the leading motto for the Brückner Group's attendance presenting its innovative solutions for the plastic processing industry. The exhibition has been held at New Delhi's Pragati Maidan from Feb. 1st to Feb 6th, 2012 and it has been established as the most important fair for many suppliers within the plastic community at the subcontinent. It was further the first time that the Brückner Group was present in India with all four of its members.
An outstanding stream of esteemed visitors prompted lively discussions about market growth opportunities, technology developments and product trends. All the KIEFEL solutions for automotive-, medical- and packaging industries, attracted keen interest.
We like to thank all the visitors for their valuable time and immense interest and we hope to welcome you again at the PlastIndia 2015.


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WEEK ENDING: 4th June – A ROUNDUP IN I.T. & TECH NEWS
Can you believe it’s June already? With a welcome heatwave sweeping the country this week, the news may have been the last thing on your mind! But don’t worry, we’re here to bring you up to date on the headlines from the world of tech and I.T.
This week we look at why Tesla prices are expected to rise, a robot dog which is helping us understand hazardous environments and the merging of two household telecoms brands.
Let’s catch you up.
Elon Musk warns of rising Tesla prices
Tech giant and entrepreneur, Elon Musk, has warned the public that the price of Tesla cars is likely to rise due to a global shortage of computer chips. According to a tweet at the beginning of the week, Elon said
“there has been global supply chain disruptions in the auto industry, particularly with raw materials, which will mean Tesla prices will have to increase.”
With Tesla models having such high specifications and needs, these past few months have proven difficult as carmakers scramble to obtain the crucial chips needed to produce the vehicles. Elon Musk has therefore raised the price of the Model 3 and Model Y electric cares by $500, which is the fifth price increase in the past few months.
Many factors have led to the shortage of materials, including the pandemic causing many Asian factories to shut down, alongside the severe weather in the US and factory fires in Tokyo causing the price of computer chips to skyrocket whilst production drops.
Elon Musk commented
“We’ve had some of the most difficult supply-chain challenges that we’ve ever experienced in the life of Tesla. A global chip shortage is disrupting Tesla’s supply chain, companies over-ordering microcontrollers is comparable to when people hoarded toilet paper in the early days of the pandemic.”
In an attempt to help relieve the issue, Elon Musk is considering paying upfront for the supplies of chips, alternatively he is considering purchasing Tesla’s own semiconductor factory. These plans are at a very early stage and won’t be able to reach full production capacity for many years.
Read more here.
Robot ‘dog’ is helping scientists understand hazardous environments
Scientists at Heriot-Watt University in Edinburgh have created a four-legged robot ‘dog’ that’s been fitted with telexistance technology to help understand how humans working in hazardous environments such as oil platforms and refineries can be supported.
Using devices such as microphones and cameras to capture sound and video, the £60,000 robot gives humans access to dangerous environments without actually being present.
The robot, which is part of the “Spot” range created by Boston Dynamics, is believed to be the first of its kind in Scotland. It has also recently hit the headlines by dancing on YouTube!
Professor Yvan Petillot, a professor of robotics and autonomous systems at Heriot-Watt University commented
“Fitting this robot with our telexistence technology means we can carry out a range of experiments. In search and rescue operations or following accidents, Spot robots fitted with our sensors could monitor a casualty’s vital signs and transmit images and sounds back to a hospital, allowing doctors to offer advice on treatment or decide when it’s safe to move a patient.”
These clever robots are designed to climb over rubble, walk up and down stairs and be able to cope with dust and rain. It sounds like we all need one.
And there are plans for “Spot” to venture into construction by using lidar which is similar to radar but uses light instead of radio waves. This will allow the robot to build a picture of the surroundings whilst spotting obstacles like rubble on construction sites. It has the potential to speed up construction processes, reducing the cost of re-work and improve quality control.
Discover more here.
Virgin Media O2 pledges to create ‘unbeatable choice’ as merged brand launches
Two big household names, Virgin Media and O2, have recently launched their merged brand Virgin Media O2, retaining both names and unifying as one. The company will not be changing any of their existing services, but plans are under way to offer seamless broadband, entertainment and mobile services all in one place this year.
Creating one of the UK’s largest entertainment and telecoms firm, Virgin Media O2 could become a major rival to BT, however it could also be a great benefit to consumers. However, some consumers are concerned they will lose the high standards of service that each company provided previously, whilst others have said there is potential for greater choice of entertainment and faster speeds.
Virgin Media O2 has promised to create 4,000 jobs and 1,000 apprenticeships to support this new launch, alongside pledging to increase its fibre footprint by an additional one million premises within 12 months of the merger.
Lutz Schüler, Virgin Media O2 CEO commented
“We are ready to shake up the market and be the competitor the country needs at a time when choice has never been more important. Through investment and innovation in cutting-edge infrastructure and future technology, we will connect more people to the things they love, support communities across the country, help businesses to grow and power the UK economy.”
This merger will result in better quality connectivity for consumers and businesses and deliver innovative new products that will hopefully aid the UK’s economic recovery following the pandemic.
Explore more here.
Those were some of this week’s biggest stories in I.T. and tech, but if you want more content, follow us across our four social media channels.


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We are already aware of the fact that there are several OEMs which are trying to integrate 5G support for their smartphones with the immersion of Qualcomm Snapdragon 855 SoC. It is not only the popular manufacturers, but even Meizu is competing with its Meizu 16T that is claimed to pack in Snapdragon 855 processor and it will be a gaming-focused smartphone. Meizu CEO, Jack Wong already confirmed the debut of the gaming phone alongside Meizu 16s and Meizu 16s Plus. The company CEO took the company’s official forum to reveal some key information about the upcoming Meizu smartphone. Here, we will go through all those rumors and news that are heard so far about the Meizu 16T release date, specifications, and price in Dubai.
Meizu 16T was previously dubbed as Meizu 16G and everyone confused about G naming series as it stands for gaming. Now the company has changed it to the letter T which stands for Turbo. So, the Meizu 16T will be a Turbo gaming smartphone which is claimed to be in the development stage. It is still unsure of the Meizu 16T release date, but rumors hint the release to happen at some time in May 2019. The company also confirmed the launch of two other smartphones, Meizu 16s and Meizu 16s plus alongside the Meizu 16T in Dubai.
Learn more about Meizu C9 Pro specs, price and release date.
The Meizu gaming phone that can be named as either Meizu 16G or Meizu 16T is in early stages and there is no much information known about this product. However, current leaks about the handset revealed the fact that the device is likely to be powered by the Qualcomm Snapdragon 855 processor which the latest and powerful processor. Despite the integration of the latest processor, this could be a more affordable option. If rumors are to be true, then the handset may get 400mAh-4500mAh battery. There is a much need of the bigger battery to handle the gaming preferences. Furthermore, the device may get a bigger display of around 6.2-inches thus making it a convenient option while gaming.
Additionally, the company is ought to introduce two other smartphones, Meizu 16s and Meizu 16s Plus with nearly same display screen size. The Meizu 16s is said to get a 6.2-inches display while the Meizu 16s Plus is ought to carry 6.5-inches display screen. Well! It is unsure if the devices receive a notch display and a classic design as in all of its devices. There is a higher chance for the Meizu smartphones to create a set back again in the smartphone sector. There is still a lot more to know about the Meizu 16T specs and the details can be known only after the official launch of the Meizu 16T.
As far the prices are concerned, the Meizu 16T is likely to get a lower price tag than the remaining two handsets. If this is to be true, then the company is definitely introducing an affordable flagship which adds up value for the money spent. The device is expected to carry the price tag of around AED 26321. If all the rumors are to be true then this gaming-centric smartphone will be the best option to consider.


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SAN JOSE, Calif. (CBS.MW) -- Novellus Systems shares lost 4 percent Tuesday after the chip-equipment manufacturer projected that sales would be flat and earnings would decline as much as 40 percent sequentially during the current quarter.
For the first quarter, Novellus surpassed all of its financial targets on a sequential and quarter-on-quarter basis. Chief Executive Richard Hill cautioned, however, that he wasn't sure this was sustainable.
"We are seeing tentative behavior on the part of our customers," Hill said. "The war and SARS [virus] have had an adverse effect on people's belief in the future."
Shares of Novellus NVLS fell $1.07 to $26.28.
Does Novellus have Severe Acute Respiratory Syndrome?
"Asia has been particularly affected by SARS. There is a reluctance among customers to meet, and even employees to interact, and this is making it difficult to conduct needed meetings and training seminars," Hill said, adding that Novellus isn't alone in feeling the pinch.
Analyst Auguste Richard with First Albany has been particularly vocal recently regarding the affect SARS is having throughout the semiconductor industry. He said Novellus' outlook confirms his thesis.
Other analysts, though, weren't so ready to blame the contagious virus for Novellus' weak financial forecast. See full story about Novellus' results.
"While SARS may offer a convenient excuse, we believe that lower orders for the company are primarily a result of exposure to customers who have front-end loaded their orders in 2003, low exposure to Japanese customers, who may pick up some of the slack mid-year and challenging outlooks at customers," said Cristina Osmena with Needham.
Timothy Arcuri of Deutsche Bank had a similar reaction: "Although we believe SARS is having some slight impact, checks with our contacts suggest the impact across the industry seems to be limited and not nearly of this magnitude."


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Alone in a secret lab, Tim Cook counts down from ten. “…three…two…one.” His wrist vibrates. It’s a crude smiley face drawing from Jony Ive along with the words, “Go time.” The Apple Watch embargo dissolves into nothingness and the first reviews hit the internet.
Top technology writers have published their reviews, having spent a good amount of time with Apple’s latest device. Here’s a bit of what they had to say.
David Pogue, writing for Yahoo! Tech: “The Apple Watch is light-years better than any of the feeble, clunky efforts that have come before it. The screen is nicer, the software is refined and bug-free, the body is real jewelry.”
Nilay Patel, writing for The Verge: “The Watch seems like it can do a little bit of everything instead of one thing really well. So I’m putting my phone in my pocket and this Watch on my wrist, and we’re taking this trip together.”
Geoffrey A. Fowler, writing for the Wall Street Journal: “For now, the Apple Watch is for pioneers. I won’t pay the $1,000 it would cost for the model I tested, only to see a significant improvement roll in before too long. But I plan to pay $400 for the 42mm Sport version once it’s on sale. That’s worth paying for a front-row seat for what’s next in tech.”
Lauren Goode, writing for re/code: “…But Apple Watch is not a cure-all, and it’s likely not a timepiece you will pass down to your grandkids. It is a well-designed piece of technology that will go through a series of software updates, until one day, years from now, when the lithium ion battery can no longer hold much of a charge and it won’t seem as valuable to you.”
Joshua Topolsky, writing for Bloomberg: “The Apple Watch is cool, it’s beautiful, it’s powerful, and it’s easy to use. But it’s not essential. Not yet.”


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Latest Black Friday Sales News 2017
Musto Black Friday 2017 Summary by Fiona
Musto Black Friday's Summary
Musto will be looking for a strong performance this year after the small drop of last year. Perhaps starting the sale earlier in the week would help, I may be that other factors such as promoting to existing customers and online advertising that could be used. Musto is my favorite bathroom cosmetics company, and at the cheaper discounted rate I am happy enough to buy.
Musto Black Friday statistical analysis:
The exclusive online retailer Musto is known for its personalized gifts and unique gifts. For me personally, I know him for his various reductions that took place throughout the year. Musto Black Friday's 2016 sale was our 24th largest sale with 40,000 people visiting their website on Black Friday. It was our largest exclusive gift site in the UK. Like many other retailers, sales of Black Friday began in 2014. Trepied reached a peak of 70,000 people in 2015. However, it saw a 45% reduction last year according to a statistic. Personally, I really like the gifts they have to offer, they are authentically unique, and they bring more sentimentality to the giving process.
Musto Black Friday last year:
In the race for Black Friday, Musto had various offers on Black Friday Week. Nearly 30% of household items on Tuesdays, 30% off the party on Wednesdays, 30% off family feast on Thursdays, and up to 50% off Black Friday at home. The black Friday sale lasted 5 days and ended on November 30, 2016. It is interesting to offer different offers every day on the eve of Black Friday, but every day, enthusiastic customers will stay on the site. If this follows the same strategy this year, we can expect a series of sales during the week and then, on Black Friday, there will be a sale that will last 5 days. However, considering the reduction in the number of people visiting the site last year, I imagine they could change the format to get in line with other retailers who pushed Black Friday hard even before Friday.
Unsurprisingly, there is no click and collect because there are no stores to collect. And unfortunately, there is no option for free shipping, standard delivery starts at £ 3.95. It will take between 3 and 5 business days, but they also have a delivery option followed at a high cost.


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Dunkin’ has some sad news for those who run on Dunkin’ and also shop at Speedway gas locations.
Dunkin’ has confirmed that 450 stores will permanently close by the end of 2020. The reason is because their partnership with Hess has ended. These locations are mostly found on the East Coast in the U.S.
There is hope! Dunkin’ has said with these stores closing, they can focus their efforts on bringing full-size locations to larger cities to replace the closed location.


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A cluster-randomized controlled clinical trial carried out in six community-based family medicines has demonstrated that healthcare teams that included pharmacists helped improve patients' blood-pressure management.
The House Small Business Committee has passed the Small Business Health Information Technology Financing Act, which could provide up to $10 million in loans to help pharmacies implement HIT. The act is now slated for vote by the full House of Representatives.
Community Health Care, a center in Bridgeton, New Jersey, serving 43,000 uninsured and underinsured patients at 18 sites across the state, is teaming up with SunRx to expand its pharmacy services to include more 340B program patients.
RxPatrol, an information clearinghouse operated by Purdue Pharma, has teamed up with the National Community Pharmacists Association to offer a 10-minute training video on crime-prevention measures for pharmacy staff.
Working with healthcare professionals and the public, the FDA is developing new guidelines for prevention of medication misuse and abuse and other medication errors linked to preventable harm.
With a mail-order pharmacy license granted by the West Virginia Board of Pharmacy, West Virginia Rx becomes the largest charity pharmacy in the nation.
The National Community Pharmacists Association (NCPA) is urging the IRS to quickly act on flexible spending account (FSA) regulations that are disrupting pharmacies? FSA debit card transactions.
Consumer shopping habits have changed in the new economy and some of those habits will have an impact on purchases of prescriptions and OTC healthcare products for the next few years.
A new study finds that drugstores using loyalty rewards programs will see sales continue to increase despite the poor economy.
Iowa proponents have sought legalization of medical marijuana for years. Now the state?s Board of Pharmacy Examiners (IBPE) wants to learn more about the issue.


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The awesome sensing capabilty of lidar over digital camera and radar allows the generation to fortify driver-assist techniques, and is in most cases seen as the most important for self-driving vehicles. Now apparently Common Motors is growing its personal lidar formula.
A GM patent utility titled “Lidar Imaginative and prescient Methods” was once revealed by way of the USA Patent and Trademark Workplace (USPTO) on Feb. 28, even supposing it was once at the beginning filed Dec. 12, 2019. Within the report, GM claims enhancements in vary over present lidar sensors.
Lidar depends upon gentle waves which are projected from a sensor and bounced off within reach gadgets. The trend during which gentle is both scattered or returned again to the sensor lets in the formula to decide the form of the article and its distance. Within the auto business, lidar is in most cases teamed with radar and cameras to assist self reliant vehicles and driver-assist techniques “see” the surroundings.
GM notes within the report that lidar devices will have hassle detecting gadgets out of doors of a undeniable vary from the automobile. The report describes compensating for this with lens assemblies across the sensor, with particular person lenses angled to seize extra gentle.
Common Motors lidar patent symbol
Whilst Tesla CEO Elon Musk has claimed lidar is a waste of cash, different automakers have already begun including it to manufacturing automobiles. The Chinese language-market Xpeng P5 electrical sedan was once claimed by way of its maker to be the primary automobile on sale with integrated lidar when it was once unveiled in 2021. The P5 makes use of two lidar sensors, one located on both sides of the entrance fascia, for detecting stumbling blocks as a part of its driver-assist tech suite.
Mercedes-Benz and Volvo have invested in Silicon Valley company Luminar, and plan to make use of the corporate’s lidar sensors in long run automobiles. Volvo is integrating lidar sensors into automobile roofs, beginning with the 2024 EX90 electrical SUV, which is because of get started deliveries early subsequent yr. GM has additionally showed lidar will function in its automobiles beginning with the 2024 Cadillac Celestiq, despite the fact that to begin with the lidar might be sourced from provider Cepton.
Supply By means of https://www.motorauthority.com/information/1138929_gm-lidar-system-patent


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CrowdStrike Launches New Partner Program That Includes ‘Elite’ Category
The cybersecurity giant says it’s trying to broaden the availability of its Falcon platform offerings across the entire channel.
CrowdStrike unveiled on Monday a new partner program that it hopes will broaden sales of its security products via a new “elite” tier of partners as well as through smaller MSPs, MSSPs and other channel players.
The Austin, Texas-based CrowdStrike, known for its Falcon platform that provides an array of security features for customers, said its new CrowdStrike Powered Service Provider Program (CPSP) is more comprehensive and inclusive than anything it’s had in the past.
In a press release, the company said the new program will “help service providers unlock broader value-added solution bundles, enhance profitability and expand their routes to market.”
In addition, CrowdStrike is establishing a new invitation-only “Elite tier” of partners that “incentivizes CPSP partners with campaigns, capabilities and expanded market opportunities,” the company said.
The new top-tier category is open to any partner, whether it’s a global systems integrator, MSP or other type of channel player, that meets various requirements, including the amount of CrowdStrike-products sold by a partner and training certifications.
CrowdStrike, which is one of the biggest and fastest-growing cybersecurity companies in the world, currently has six “elite” partners as part of the soft launch of the new partners program, but it expects the list to grow in coming months now that CPSP has gone public.
In an interview with CRN, Michael Rogers, vice president, global alliances at CrowdStrike, said his company’s new elite partners initiative is trying to make it easier for, among others, large service providers to replace outdated technology with more modern security features offered by CrowdStrike Falcon.
“What‘s in it for them is (a) purpose-built cloud native architecture that allows the partners to bring better protection to their customers in an age when the attack vectors continue to evolve and become highly problematic for customers,” he said. “CrowdStrike is able to provide that comfort to their customers.”
Rogers added: “This is a new program with new benefits, new requirements, specifically targeting elite partners.”
In the past, Rogers said CrowdStrike has tended to focus on the MSSP-SMB market in terms of sales. But now it’s trying to broaden that market via its new partnership program with all channel players.
“This is more of an enhanced offering to go to the broader market,” he said.
The percentage of Crowdstrike’s sales via the channel is now “north of 90 percent,” said Rogers, and the company wants to expand that figure and grow overall revenue in general.
The company has certainly been growing fast of late. CrowdStrike recently reported that its net revenues grew to $535 million in the second quarter, up 58 percent from the same period a year ago.
Meanwhile, its annual recurring revenues grew by 59 percent, to $2.1 billion, year over year.
Rogers stressed that the new CPSP program has improved incentives for all CrowdStrike channel partners, not just those qualifying for the elite status.
According to CrowdStrike, the new CPSP features include allowing partners to choose to incorporate CrowdStrike package bundles or individual Falcon platform modules into their security offerings to customers.
The program also provides a variety of discount options that they can choose from when dealing with CrowdStrike.
As for the new elite partners, they’ll be “incentivized with new value-added bundles, new discounts, additional partnership and technical support, enhanced go-to-market support, executive sponsorship and unique CPSP-focused partner campaigns,” CrowdStrike said in its press release.
Deloitte, the giant systems integrator, is one of CrowdStrike’s new ‘elite’ partners – and one of its managing directors told CRN that he expects the partnership to be a win-win situation for both companies.
“We already have a rich alliance with (CrowdStrike) today,” said Curt Aubley, leader of Deloitte’s detection and response practice. “What this (new program) is allowing us to do is have a tighter integration with their engineering teams and with their roadmap, so we‘re more along the lines of a design partner.”
He said working more closely together will be a big win for customers. “What it allows us to do is bring a richer set of outcome focused solutions that meet our clients’ hardest problems.”
Rogers emphasized that the new CPSP program was “was purpose-built in partnership with GSIs, MDR vendors, MSPs, MSSPs and Telcos to ensure they have the right tools, technology, and support to best address their customers’ most challenging needs.”


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A few years ago, ordering a car ride from your smartphone was a big deal. A few years from now, you’ll be ordering a plane ride—that is, if Uber‘s new sky taxi program takes off. The ride-hailing titan will reveal its plans at its Elevate Summit in Dallas this morning. We’ll have the full story soon on Uber’s time frame to start testing, the craft it will fly, and the cities where it will begin. Uber will also live-stream the entire three-day affair from the Elevate Summit home page beginning at 11 a.m. Eastern time today.
To watch the stream, visit the page here after the event starts.
Just as Uber doesn’t make cars, it won’t be building planes or helicopters. Instead it will set up deals with aircraft makers competing to build electric-powered craft that can take off and land vertically from rooftop airports without making a racket that drives the neighbors crazy. (It’s a big challenge that I wrote about yesterday.) Uber will announce those first hardware makers today as well.


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The age of electric cars is quickly coming, but numerous recent studies are showing that consumers know little about the new technology. With that lack of knowledge also comes a fear of the change, with plenty of hand-wringing that having to plug is a car instead of filling it up with gasoline will somehow make life worse.
Daimler recently concluded a two-year study on electric vehicles. Not surprisingly, one of the big takeaways from the study was that people who know less about electric cars also are more likely to have a negative perception of them. This same pattern has been seen time and time again in the automotive industry and elsewhere.
WardsAuto commissioned its own report recently, concluding that automakers have a tough battle ahead when it comes to actually selling electric cars. Thanks to increasingly tough government regulations around the world, the different automakers have no choice but to sell all-electric models in big numbers in the not-distant future, but the sheer ignorance of the general public could make that a tall order.
During the past few years, a number of publications have pointed out that most dealerships provide little training to their employees when it comes to any all-electric models. That could help explain why most Nissan Leaf or Chevrolet Volt owners are well-educated and almost obsessive about the electric drivetrain technology. Quite simply, any casual consumers would quickly become discouraged by the lack of help provided when trying to assess an electric model. This lack of dealer knowledge is an obvious area to target.
The fact is that something is going to have to give. Automakers and their dealer networks will need to do a better job of incentivizing consumers into purchasing electric vehicles. At the same time, the general public will need to become better educated on electric drivetrain technology, which could come from a number of different sources.


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There's a change brewing in China.
In a country steeped in millennia-old traditions of drinking tea, the younger generation in fast-developing coastal provinces is switching to coffee as part of their drive to embrace Western tastes.
As the legions of converts sip their trendy brews, coffee retailers from Taiwan are building up a major presence in the Chinese market, hoping to cash in by weaning more and more Chinese off tea.
"Chinese tastes are constantly changing, which is especially clear in white-collar workers aged between 20 and 40 who live in the fast developing cities," said Gao You-zhi (
When SPR opened its first store in the northern coastal city of Qingdao in May 2001, most of the customers were foreigners or people from Taiwan and Hong Kong, Gao said.
Since then, the firm has opened 87 more outlets and Chinese customers now occupy half the seats in its stores, he said.
SPR's sole investor is Taiwanese businessman Lee Chien-li (李進利), who has extensive real estate holdings in Qingdao.
Taiwanese-backed companies like SPR are among a growing number of foreign cafe chain stores entering the Chinese market including US-based The Coffee Beanery, Japan's Manabe Coffee and the ubiquitous global market leader, Starbucks.
Taiwanese investors hope to repeat the rapid growth of coffee consumption in their home market where local and foreign chains have proven a huge hit.
Despite their common culture, coffee drinkers in China and Taiwan seek different experiences, forcing retailers to tweak their business plans.
"In Taiwan, people prefer express stores where they can grab and go. But in China, they like to get a seat inside so they can buy a coffee and stay the rest of the day," said Jennifer Chien (簡瑞瑩), investment relations manager for President Chain Store Corp(統一超商).
President Chain -- along with group flagship Uni-President Enterprises Corp (統一企業) -- operates 38 Starbucks stores in Shanghai as part of a joint venture with the US coffee retailer. The venture aims to open five to 10 stores per year.
Starbucks has 100 stores across China in separate ventures with President and local partners.
Making a visit worthwhile is important in China, considering the average cup of coffee at Starbucks costs about 20 yuan (US$2.40), while the average monthly income is only around 1,000 yuan.
That's why the coffee retailers are staying close to where the money is -- major cities along the east coast such as Shanghai, Beijing and Guangzhou.
"We must be in markets which have a certain GDP and Shanghai has the highest GDP compared to other urban centers," Chien said.
Long term, the rewards could be huge for coffee retailers if they succeed in weaning even a tiny percentage of China's 1.3 billion people off tea.
Per capita roasted coffee consumption in China is estimated at around a gram, based on data from the International Coffee Organization (ICO), which promotes coffee around the world.
In Taiwan it is 300 grams per person, while Americans consume an estimated 4kg per year.
The ICO estimates domestic consumption in China is growing by 20 percent a year.
"In China, the coffee business is only in the infant stage. It took us two years to break even in Shanghai but three years to break even in Taiwan," Chien said.


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Tribunal grants stay of decision to cancel ARTG registrations for prescription pain killers
The Administrative Appeals Tribunal (“the Tribunal”) has granted Aspen Pharmacare Australia Pty Limited (“Aspen”) a stay of a decision of the Thereapeutic Goods Administration (subsequently affirmed by the Minister for Health and Ageing) to cancel from the Australian Register of Therapeutic Goods two prescription pain killers – Di-Gesic and Doloxene. Aspen was required to move swiftly in seeking the interim relief from the Tribunal
as the Minister’s decision (made on 23 January 2012) proposed to cancel the products as at 1 March 2012. Aspen applied for a stay of the decision to permit review of the decision by the Tribunal. The Tribunal’s decision (made on 14 February 2012) means that, subject to certain risk management steps that have been put in place, the products will continue to be available for those who need them pending the ultimate determination of Aspen’s application for review.
Mallesons acts for Aspen in the proceedings before the Tribunal.


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SAMSUNG Electronics Co said on Thursday that its third-quarter profit likely jumped 58 per cent to the highest in two years, beating analysts' estimates as US restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales.
US action against Huawei Technologies has dampened demand for its phones outside of China, giving Samsung a leg up, analysts said.
The Chinese firm has also hurried to order more chips from Samsung after Washington moved to choke its access to commercially available chips from mid-September.
Samsung said that operating profit was likely 12.3 trillion won (S$14.5 billion) for the three months ended September - well above a Refinitiv SmartEstimate of 10.5 trillion won. It would be the strongest result since 17.57 trillion won in Q3 2018.
Revenue likely rose 6 per cent from the same period a year earlier to 66 trillion won, the company said.
Samsung released only limited data in Thursday's regulatory filing ahead of the release of detailed earnings figures later this month.
"It seems Huawei's impact on Samsung's chip business was bigger than the market expected, and there was a big surprise in the smartphone and home appliance businesses," said CW Chung, head of research at Nomura in Korea.
Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share from Chinese rivals and the novel coronavirus pandemic helped cut marketing costs.
Washington says Huawei is a vehicle for Chinese state espionage and has tightened restrictions on the firm, hurting demand for Huawei phones in Europe and other countries and boosting Samsung's sales at a time when markets outside China are recovering from Covid-19 lockdowns, analysts said.
"Many consumers were reluctant to buy Huawei phones because they thought that Huawei may discontinue phone sales and services because of US restrictions," Tom Kang, an analyst at Counterpoint said, adding that Samsung has boosted sales of mid- and low-end phones.
A surge in anti-China sentiment in India following a border clash in June is also seen as providing a boost to Samsung, which competes with Xiaomi and other Chinese rivals there.
Samsung's home appliance business also got a lift from the pandemic lockdowns, which spurred consumers to spend more on appliances such as air purifiers.
Consumer electronics rival LG Electronics also said on Thursday it likely made its largest Q3 operating profit ever of 959 billion won, which analysts attributed to strong home appliance and TV sales.
Samsung's shares have gained about 7 per cent so far this year. They ended down 0.3 per cent on Thursday in a slightly firmer overall market, with analysts pointing to memory chip prices and the uncertain Q4 outlook for the muted response.
Analysts doubted whether Samsung's fourth-quarter profit could beat the third, as memory chip prices are seen bottoming out and a new Apple iPhone model is expected on the market.
US rival Micron Technology, which posted a market-beating quarterly profit last month, forecast lower-than-expected sales in the following quarter, as it had not yet obtained new licences needed to sell its memory chips to Huawei.
Market researcher Trendforce expected DRAM chip prices to decline by about 10 per cent in the year-end quarter, as demand from the server industry has yet to make a noticeable recovery.
This comes even as Huawei rivals such as Xiaomi, Oppo and Vivo are all urgently stocking up on key components, in turn providing some support for the mobile DRAM chip market, Trendforce said. REUTERS


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Samsung Electro-Mechanics is collaborating with Apple on creating the M2 chip, beating out LG Innotek. Samsung is developing the flip chip ball grid array (FC-BGA) for the new generation of Apple Silicon for 2022.
Samsung Stories Yesterday
Samsung Stories April 7
Evidence for the launch of OLED iPads in 2024 appears to be growing, as a new supply chain report says that three Apple display providers are gearing up for production.
There have so far been conflicting reports about whether Apple even plans to make iPads with OLED screens, with further disputes about when it might happen, but we do appear to be getting a more coherent picture of late …
Samsung Stories March 28
First unveiled at CES back in January, Samsung has officially launched its new Smart Monitor M8. The 32-inch display with a very iMac-inspired design comes with a solid range of features like Apple’s AirPlay, built-in/removable webcam, USB-C connectivity, and more with starting price of $699.
Samsung Stories March 23
Premium smartphone sales reached a new record high in 2021, according to a new report today, with Apple taking the top slot in each of the six global regions covered.
The iPhone maker is also said to be best-placed to take advantage of Huawei’s effective demise …
A report today claims that Apple will introduce under-display Face ID on the iPhone 15 Pro next year, and that it will use technology developed by Samsung.
It is expected that the Cupertino company will continue working toward a vision of the iPhone as “a single slab of glass,” with an all-display front. Hiding biometric authentication beneath the screen will be part of that journey for sure – the question, however, is how and when …
Samsung Stories March 18
LG’s display division is working on being ready to compete for OLED MacBook orders sometime around 2025, says a new supply-chain report today. It follows an earlier report that the company is also prepping for OLED iPad displays, which are expected to launch around a year earlier.
There have been numerous reports of Apple working on introducing OLED MacBooks at some point, but there’s as of yet no clarity on when they might launch …
Samsung Stories March 17
Samsung announced the Galaxy A33 and Galaxy A53 budget phones today. Part of the Galaxy A budget lineup, this is Samsung’s most popular smartphone category. Both are due to come out just after Apple’s budget 5G iPhone. Based on some of the information we know, how do the A33 and A53 compare to the iPhone SE 3?
Samsung Stories February 24
While we wait for Apple’s rumored headset with mixed reality capabilities to be unveiled this year, it seems like Samsung is taking another approach for a future product betting on holograms instead.
Samsung Stories February 21
AirTag stalking concerns continue to be voiced, despite the fact that Apple’s tracker is the least suitable one on the market for anyone with malicious intent.
One campaign group is calling for all companies making Bluetooth trackers to cooperate in the development of new safety measures, and a university is conducting a study designed to assess the scale of the problem …
Samsung Stories February 14
The US patents ranking for 2021 is out, and Apple is seventh in terms of the number of patents assigned to the company in the course of the year. That’s up one from eighth place in 2020.
If you can guess the US leader in terms of 2021 patent assignments, you’re doing way better than me…
Samsung Stories February 9
Samsung officially launched its latest flagship smartphones and tablets today at its Unpacked 2022 event. The new releases include three new iPhone 13 competitors with the Galaxy S22, S22+, and S22 Ultra along with three new Galaxy Tab S8 tablets that now go up to a huge 14.6-inch size.
Samsung Stories January 11
A new supply chain report corroborates Ming-Chi Kuo’s assertion that Apple had abandoned plans for an OLED iPad this year, but suggests that discussions with Samsung are ongoing, and that we may see one in 2024.
Both sources stated that the stumbling block was meeting Apple’s demanding quality requirements at a workable price …
Samsung Stories January 4
Last year, Samsung unveiled an innovative solar-charging remote during CES. Now, the company has revamped the product, and it now can convert routers’ radios waves into energy to stay charged. While Apple introduced a new Siri Remote less than a year ago, the Cupertino company should definitely take a look at Samsung’s idea to improve its own product.
Samsung Stories January 3
Samsung on Monday announced its new lineup of Smart TVs as part of the CES 2022 announcements. In addition to hardware improvements, the South Korean company is bringing game streaming platforms to its TVs for the first time in a bid to make them even more appealing against other TVs and even set-top boxes like Apple TV.
Samsung has announced three new displays that it will launch this year with one of the most interesting models for Mac users being the 32-inch Smart Monitor M8 with USB-C connectivity, and handy features like AirPlay built-in.
Samsung Stories November 22, 2021
Samsung’s new smartwatch, the Galaxy Watch 4, saw the company dramatically boost its market share in Q3, according to a new report. Most of that was at the expense of Huawei and Apple, the Cupertino company’s share of the market dropping by 10%.
However, that’s largely a matter of timing, which favored Samsung in two ways …
Samsung Stories November 19, 2021
Samsung’s iPhone display business is under growing threat from Chinese competitor BOE, which is gearing up to match the production of the Korean supplier …
Samsung Stories November 10, 2021
Apple’s new Polishing Cloth has taken the world by storm, and as usual, Samsung is following closely behind with its offering. While Apple is charging $19 for its Polishing Cloth, Samsung poked fun at Apple’s premium offering by giving away free polishing cloths to buyers…
Samsung Stories November 2, 2021
Apple this year made some significant changes to Safari with iOS 15, which has been repaginated with a new unified address bar at the bottom of the screen. While this change upset a number of iOS users, Samsung is now following Apple with a new option to move the address bar of its mobile web browser to the bottom — just like Safari.
Samsung Stories October 14, 2021
While Apple doesn’t ship more phones than anyone else, a new report today shows that it continues to take home most of the global smartphone profits – even before the launch of the iPhone 13.
In the second quarter of the year, iPhones accounted for only 13% of global shipments, but it’s a very different story when it comes to revenue and profit …
Samsung Stories September 16, 2021
Samsung could be showing future MacBook Pro displays for 14- and 16-inch models
An announcement by Samsung may be revealing future MacBook Pro displays – but not for the models we’re expecting to see later this year …
Samsung Stories September 2, 2021
A new report from Korea says that the iPhone periscope lens expected to debut in Apple’s 2023 lineup has hit a snag. Samsung has the most sophisticated technology for those, and Apple wants to use it, but there are patent problems with the optical image stabilization system the iPhone maker wants to include.
Periscope lenses are a way to allow longer optical zoom without having lenses that stick out farther from the phone …
Samsung Stories September 1, 2021
An Apple Watch has been on my wrist nearly every day since I took the first generation out of its box on launch day in April 2015. It quickly became an indispensable gadget, and I feel naked whenever it’s on its charger. watchOS went through a ton of changes during the first few releases, most notably with watchOS 3. Since then, it’s received a number of new apps and features but the user interface itself hasn’t quite been perfected. I’ve always attributed this to the lack of a real competitor. No one has been able to show off a better way to do things on a smartwatch. Now, nearly seven years after the Apple Watch was born, Google and Samsung have teamed up to build the first real competitive platform. Here’s what I think about it.
Samsung Stories August 11, 2021
Samsung ditches iOS support with Wear OS-based Galaxy Watch 4 series
Most smartwatches compatible with Android smartphones usually offer support for Apple’s iOS platform too, but that tune might be changing. With its Galaxy Watch 4 series, Samsung has quietly dropped support for iOS.


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Raise your hand if you've ever heard a theory about the cons of drinking coffee. Personally, I've probably heard them all, whether it was someone telling me that it would stunt my growth, that I could potentially become addicted to it, or that coffee would dehydrate me. However, new research says otherwise, so take that, naysayers! So for anyone wondering if coffee is good for you look no further, because this study will tell you everything you need to know. (Or at least, everything you want to hear.)
According to the study, which was published in the Journal of the American Medical Association (JAMA), coffee drinkers may live longer than people who don't drink coffee. The study's data was part of a larger genetic study which followed more than half a million people over the course of 10 years. Researchers discovered a lower risk of death among coffee drinkers over those 10 years, even for those who drank eight or more cups of coffee each day. Um, OK, so I'll have three cups, please.
As NBC News notes, there are a few possible explanations for the health benefits of drinking coffee. According to the outlet, coffee is Americans' number one source of antioxidants, which are chemical compounds that help prevent the damage done to DNA. Additionally, coffee might lessen inflammation in the body, help with liver function, and essentially make old blood vessels like new again.
There's also evidence that coffee can also help reduce inflammation that stems from diabetes and heart disease, decrease the risks of catching diabetes, help people recover from colon cancer, and protect against diabetes, Parkinson's disease and liver cancer, according to NBC News.
ABC News Chief Medical Correspondent Dr. Jennifer Ashton opened up about more of the benefits of coffee during an appearance on Good Morning America on July 3. She said, per ABC News:
There are compounds in caffeine and coffee beans — polyphenols, antioxidants, magnesium — [and] this reduces inflammation, it lowers insulin resistance... All of this is really beneficial for your overall head to toe health.
But before you start running over to your local coffee shop to celebrate this exciting news, you should also know that some people do have a physical sensitivity to coffee. In that case, it might heighten blood pressure and cause insomnia, irregular heartbeats and gastrointestinal problems, according to Ashton.
On top of that, you should take into consideration the toppings you choose to add to your coffee. Things like cream or sugar dramatically increase your calorie intake, and could, therefore, actually result in negative effects. Oh, and don't forget that caffeine can be fatal in large doses, either! (I mean more than 20 cups at once, though, so unless you're some kind of wild coffee fanatic, you should be good.)
I don't know about you guys, but this is all surely sounding like Christmas in July to me, largely because this isn't the first study that has come around and made my day. Just weeks ago, a review was published in the Journal of the American College of Cardiology, which found that most multivitamins, along with vitamin C, vitamin D, and calcium supplements don't really add too much of a boost to your overall health — even if you take them on a daily basis over a long period of time. Additionally, "there was no evidence that taking them reduced the risk of cardiovascular disease, heart attack, stroke, or early death," according to Science Alert. I know you're probably wondering what's so exciting about that, but it basically — for me, at least — means I can spend the money I've stopped using on vitamins on coffee. (!!!) I'm not sure what I did to deserve all this, but I am eternally grateful.
That said, mornings are sound a whole lot better. Bottoms up, folks. It doesn't get much better than this.


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PHARMACEUTICAL INDUSTRY BRINGS CANNABIS DRUG TO FDA AFTER DECADES OF U.S. DENYING VALUE OF MARIJUANA
Published on Jan 27, 2018
GW Pharmaceuticals filed with the FDA last year to get the very first marjuana-based medicine approved and circulating the U.S. and now a new study has been published that will continue pushing support in favor of this life-changing medication. The drug called Epidiolex is made of cannabidiol (CBD) and was used in a study treating patients with a rare form of epilepsy. Patients taking the CBD medication experienced a 41% decrease in seizures a month, making this medication hugely successful and hard to ignore. Before the 20th century drug war began cannabis was commonly used to treat patients with epilepys, but ever since it has been a fight using every shred of evidence to bring cannabis back into a positive light. The FDA has until June 27, 2018 to decide to approve Epidiolex or not meaning the medical value for cannabis could be FDA approved very soon.
The medication under investigation is made of cannabidiol, or CBD. In a study published Wednesday in The Lancet, researchers gave either a brand name form of CBD called Epidiolex or a placebo to more than 170 people with Lennox-Gastaut syndrome, a rare, severe and difficult-to-treat form of epilepsy. Adding CBD to other anti-seizure medications cut down on the number of seizures a person experienced each month by 41 percent. By contrast, the placebo reduced the number by about 14 percent.


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PR NewswireApr 22, 2014 6:34 PM By Tim Parry
In addition to ecommerce fulfillment and customer care, Innotrac will provide several customized solutions for Wilsons Leather, including multiple platform order processing and data conversion.
PR NewswireApr 22, 2014 10:00 AM By Tim Parry
The app allows users to experience the shopping functionality found on Barneys.com seamlessly integrated with relevant and exclusive content, and provides background and insight into purchases.
PR NewswireApr 22, 2014 9:54 AM By Tim Parry
The new fulfillment center is located in Mount Juliet, TN, and provides a more centralized location and faster transit times for Birchbox customers across the U.S.
PR NewswireApr 22, 2014 7:23 AM By Tim Parry
The new Acme Tools mobile site is designed to reduce load time and enhance the user’s experience making it easier to browse, search and purchase using a smartphone.
PR NewswireApr 19, 2014 9:25 PM By Tim Parry
Even after arts and crafts merchant Michael’s Stores Inc. announced it was a victim of a data security breach in January, Michaels and its Aaron Brothers subsidiary’s store customer’s credit card data was still at risk.
PR NewswireApr 19, 2014 12:56 PM By Tim Parry
Rosen brings more than 20 years of retail and ecommerce leadership to Levi’s, most recently as senior vice president of global ecommerce at Walmart Stores Inc.
PR NewswireApr 19, 2014 8:56 AM By Tim Parry
Stuart Weitzman previously operated as a division of The Jones Group, which was acquired by Sycamore Partners on April 8.
PR NewswireApr 19, 2014 8:54 AM By Tim Parry
DSW Inc. will purchase for cash approximately 44% interest in Town Shoes, the largest footwear and accessories retailer in Canada, for CAD $68 million.
PR NewswireApr 19, 2014 8:45 AM By Tim Parry
Geneva Watch Group announced today that it has appointed Kevin Hall as President and Chief Executive Officer.
PR NewswireApr 16, 2014 9:58 AM By MCM Staff
NRF pursues establishment of retail information sharing and analysis center.


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Added by OCfoodies on March 31, 2015 at 8:55pm — No Comments
Scott’s Restaurant & Bar at South Coast Plaza will debut a Sunday Jazz Brunch series with co-hosts KJAZZ’s Bubba Jackson and Scott’s General Manager Robert Redaelli. The live entertainment series combined with a savory and sweet brunch menu creates a perfect Sunday afternoon. The first Jazz Brunch kicks-off Sunday, April 12 and will run four consecutive Sundays through…Continue
Added by Avery Bressler on March 31, 2015 at 12:37pm — No Comments
According to a recent study*, the biggest flavor trends of 2015 are expected to include unconventional flavor pairings, regional flavors, sustainable ingredients and savory updates on traditionally sweet items. Cabo Chips, a cantina style chip inspired by the beaches of Mexico, is right on trend with the launch of two new unique flavors that are both mouthwateringly delicious…Continue
Added by Avery Bressler on March 31, 2015 at 11:31am — No Comments
Executive Chef and Restaurateur Cathy Pavlos has introduced new Lunch and Dinner menus for spring at her garden-to-table concept, Provenance. Considered a hidden gem tucked away in Newport Beach’s Eastbluff Village Center, the new seasonal menu features classic Wine Country cuisine presented with a bold twist. Chef Cathy’s menu features fresh, flavorful ingredients, many of…Continue
Added by Avery Bressler on March 31, 2015 at 11:23am — No Comments
Added by OCfoodies on March 30, 2015 at 7:30pm — No Comments
Orange County’s 37th annual “A Taste of Greece” festival will be held on June 26-28 at St. Paul’s Greek Orthodox Church (4949 Alton Parkway, between Culver Drive and Jeffrey Road, Irvine, CA 92604). More than 12,000 guests are expected to attend the three-day festival, which will…Continue
Added by Avery Bressler on March 30, 2015 at 2:45pm — No Comments
This Easter the Queen Mary’s award-winning Champagne Sunday Brunch embraces springtime with an enhanced holiday menu accompanied by a festive candy and dessert bar. Even the Easter Bunny will be on hand for a special family photo-op! Complimentary afternoon programming on the picturesque Verandah Deck will include a prize-filled Easter Egg Hunt, Easter animal petting zoo,…Continue
Added by Avery Bressler on March 30, 2015 at 11:30am — No Comments
Surf and Sand Resort is offering a seaside Easter celebration with a specialty menu from Executive Chef, David Fuñe at Splashes! On Sunday, April 5 from 12-3pm Splashes will offer a three-course lunch that includes savory and sweet choices.…Continue
Added by Avery Bressler on March 27, 2015 at 11:23am — No Comments
Planning a special event, no matter what it is, demands a certain amount of attention to detail. Whether you're putting together a sports night with your friends or you're planning a major wedding reception, the entire event will more than likely be surrounded by food. In almost any affair, the center piece of the evening will be the way the food is presented to your guests, so in order for your event to be a success you want to choose the best catering service you can find.…Continue
Added by Enrica Clavito on March 25, 2015 at 12:00pm — No Comments
Creamistry, a popular liquid nitrogen ice cream concept, is pleased to announce its further expansion in the Southern California area with plans to open five new locations. Located in Beverly Hills, Mission Viejo, Rancho Cucamonga, and two in Costa Mesa, stores are expected to open throughout 2015.
Added by Avery Bressler on March 25, 2015 at 11:37am — No Comments
There are many reasons why people choose to make San Diego their home. This beautiful city is ideally situated on the Mexican border so it offers a unique blend of the lifestyles of two different countries. It’s also well loved because of its beautiful beaches and cultural diversity. Visit some of these ethnically diverse communities on any given day of the week and you’ll find them all walking the streets in their full traditional garb from their homeland. It’s a sight that is rarely…Continue
Added by Enrica Clavito on March 25, 2015 at 11:30am — No Comments
Cinco de Mayo is synonymous with margaritas, but the sugary cocktails are too caloric for some. Mastro’s-the beloved celebrity- frequented steakhouse with two Orange County locations -Newport Beach and Costa Mesa. – has a perfect recipe for a lighter alternative with a kick…the “Skinny Diablo!” There’s no better…Continue
Added by Avery Bressler on March 24, 2015 at 1:30pm — No Comments
Friday marked the long-awaited first day of Spring, and what better way to celebrate than with a refreshing Spring cocktail! Owl’s Brew, the artisanal, fresh-brewed, and ready-to-pour tea crafted for cocktails, has three delicious Spring sipper recommendations (including one mocktail, for anyone not partaking in alcohol) for you!
Made with just tea, water and agave, Owl’s Brew is offered in three flavors (The Classic, Pink & Black, Coco-Lada). Each flavor can be mixed with a…
Added by Avery Bressler on March 23, 2015 at 1:12pm — No Comments
The Winery Restaurant & Wine Bar presents its 7th Annual “Sunday in the Vineyard” fundraiser on Sunday, May 17, 2015 from 2 p.m. – 5 p.m. featuring a wine tasting with more than 80 wines, many of which are considered unique and rare finds from boutique wineries spanning the globe. The event will be held alongside a…Continue
Added by Avery Bressler on March 23, 2015 at 11:00am — No Comments
We’ve all had just about enough of winter this year, so perhaps just thinking about colorful spring and summer cocktails will encourage the weather to clean up its act. Check out some of these recipes courtesy of mixologists across the country that will transport the taste buds to the beach with just a single sip.
Added by Avery Bressler on March 20, 2015 at 11:00am — No Comments
Hard Rock is rolling out a new Legendary™ Burger – and it’s made for the rebel in everyone! The Rebel Legendary Burger will be paired with Samuel Adams Rebel IPA and is the first of Hard Rock’s year-long, limited-time burger and beer pairings. It will be available at cafes around the nation beginning on Monday, March 23, 2015 through Thursday, April, 30, 2015.
Added by Avery Bressler on March 18, 2015 at 3:50pm — No Comments
Montage Laguna Beach will host the 8th annual Share Our Strength Taste of the Nation® Laguna Beach event on May 17, 2015 at the oceanfront resort.
A number of celebrity chefs will come together to prepare fresh…
Added by Avery Bressler on March 18, 2015 at 3:47pm — No Comments
From Monday, March 16 to Sunday, April 12, Morton’s The Steakhouse locations will offer guests the opportunity to enjoy the $39 Prime & Wine special available in the bar area all day. This limited engagement features the delicious Million Dollar Burger with a glass of Stag’s Leap Winery, ‘The Investor”, Napa Valley.
Morton’s came into existence today because of…Continue
Added by Avery Bressler on March 18, 2015 at 2:37pm — No Comments
Certified Master Chocolatier Amy Jo (Valenza) Pedone is delighted to showcase her memorable 2015 VALENZA CHOCOLATIER® EASTER COLLECTION. This collection features true chocolate artistry in different size eggs for all ages to enjoy. In addition there are seasonally gift wrapped boxes of award-winning caramellos and vegan-friendly stuffed figs. The collection…Continue
Added by Avery Bressler on March 17, 2015 at 12:31pm — No Comments


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Nautilus Inc. (NLS) Sets New 12-Month High at $23.65
Nautilus Inc. (NYSE:NLS) hit a new 52-week high during trading on Friday . The company traded as high as $23.65 and last traded at $23.64, with a volume of 609,598 shares changing hands. The stock had previously closed at $23.14.
NLS has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $23.00 price target on shares of Nautilus in a research report on Wednesday, August 3rd. Imperial Capital initiated coverage on shares of Nautilus in a research report on Wednesday, July 6th. They set an “outperform” rating and a $24.00 price target for the company. Zacks Investment Research upgraded shares of Nautilus from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Sterne Agee CRT reiterated a “buy” rating on shares of Nautilus in a research report on Monday, May 16th. Finally, Wunderlich reiterated a “buy” rating and set a $24.00 price target on shares of Nautilus in a research report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.00.
The company has a market capitalization of $735.35 million and a PE ratio of 25.95. The stock has a 50-day moving average of $20.62 and a 200 day moving average of $19.24.
Nautilus (NYSE:NLS) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. During the same period in the prior year, the company earned $0.07 EPS. The business had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.83 million. Nautilus’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts predict that Nautilus Inc. will post $1.15 earnings per share for the current fiscal year.
In other Nautilus news, VP Jeffery Lynn Collins sold 4,166 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $21.30, for a total value of $88,735.80. Following the completion of the transaction, the vice president now owns 4,278 shares in the company, valued at approximately $91,121.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard A. Horn sold 7,500 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $21.50, for a total transaction of $161,250.00. Following the completion of the transaction, the director now owns 35,802 shares of the company’s stock, valued at approximately $769,743. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Nautilus stock. Wells Fargo & Company MN boosted its stake in Nautilus Inc. (NYSE:NLS) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 598,354 shares of the company’s stock after buying an additional 56,887 shares during the period. Wells Fargo & Company MN owned approximately 1.93% of Nautilus worth $10,005,000 at the end of the most recent quarter.
Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. The Direct segment offers products directly to consumers through television advertising, catalogs and the Internet. The Retail segment offers its products through a network of independent retail companies with stores and Websites located in the United States and internationally.
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At the recently concluded Frankfurt Motor Show, we got a look of the first all-electric production car from Volkswagen – the ID.3. Here’s why we think the ID.3 could mainstream electric cars.
The discussion about the relevance of electric cars in today’s market is a rather polarising one. With climate change becoming a matter of global discourse, the push towards electric vehicles by governments and regulators is gaining impetus with each passing minute. Sure, there are a few challenges to the mass adoption of electric vehicles, but I’ll come to that later.
Going by the performance claims of the ID.3, to give credit where it’s due, Volkswagen appears to have done a lot to further the cause of electrification in a fairly short time. After investing a significant amount of money into the R&D of electric vehicles, VW is now offering a practical, medium-size hatchback that has enough range to meet most customer needs.
From its very launch, the ID.3 will be available with three battery packs – 45kWh, 58kWh and 77kWh. This means that it’ll offer different ranges, with different battery packs – 330kms with the 45kWh battery, 420kms with the 58kWh battery, and 550kms with the larger 77kWh pack. Now, that’s impressive, indeed.
What’s even more impressive, though, is that Volkswagen has already announced that the ID.3’s prices will start at under 30,000 Euros, which means that, with additional government subsidies and other concessions, the ID.3 makes a serious case for itself in many European countries.
The design of the ID.3 is a significant departure from the norm for the usually conservative German manufacturer. From the logo – which has gone back to a flatter 2D form – to the way its interior is laid out and even the material choices, everything has been meticulously designed.
Just push Play
Interesting touches abound to make the design of the ID.3 even more interesting, such as the play button on the accelerator pedal and a pause button on the brake pedal. All these details give it an air of style, which is sure to appeal to millennials.
The stalk-mounted gearshift, highly-responsive touchscreens inside the cabin, and special emphasis on connectivity clearly exhibit that VW is trying its best to target a much younger audience than its current customer base in Europe. Additionally, the ID.3, VW claims, is also going to be the first CO2 neutral electric car in the world, contributing further to protecting our climate.
Of course, electric vehicles are not without a few challenges, which the ID.3 is not immune to. First, of course, is the slow pace of development of a charging infrastructure – it’s simply not growing fast enough to make electric cars a viable option outside urban areas. To make EVs mainstream, this is something that needs to be tackled.
And second, customers are still sceptical about electric vehicles – other than in a few pockets, like California. But, with affordable prices, usable range, and backed by VW’s tremendous investment in R&D and infrastructure, the ID.3 has the potential to make EVs popular in the mainstream.
Sometime soon, we’ll give you a first-hand account of what it feels like from behind the wheel – so stay tuned.
Also, read - 2020 Volkswagen Golf makes global debut


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RIM’s DevCon 2010 BlackBerry event kicks off today, and SlashGear will be bringing you all the news direct from the show. Expected to be announced is the upcoming tablet-centric build of the company’s OS, but according to BGR‘s sources there won’t be any specific hardware demonstrated or even unveiled.
That’s apparently both because RIM want to keep DevCon more software focused, avoiding specific devices and any news on availability and pricing, but also – more worrying, perhaps – because the tablet OS is a long way from complete. No specific details but according to the insiders it’s just one example of how RIM is struggling to get its software ready according to schedule.
For instance, the QNX-based platform that will apparently not only power the BlackTab but other RIM smartphones is “barely even started”, since the company is yet to confirm that it is indeed headed to their phones. Meanwhile porting over RIM’s email compression, battery optimization and BES integration – all essential elements to differentiate the platform from smartphone rivals – is taking longer than expected.


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By giving players incentive to focus on just one account that can be used to fund multiple MMOs and other games, GAME is hoping that GAMEwallet will become the one-stop shopping center for gamers. Several MMO studios are on board with the program, with titles like RuneScape and APB Reloaded fundable through it. GAME is targeting a majority of its customers who don't use debit and credit cards to buy digital content because of security concerns.
GAME's Tricia Brennan sees move as not just a smart one, but a necessary one: "The digital games market is growing fast, but two things are holding it back: the reliance on customers using credit or debit cards online, and the lack of a one-stop shop offering advice across a wide range of titles from different publishers. We're about to change that."
GAME is currently struggling financially, as it recently announced losses of over $81 million from sales.


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One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand.Read More
Maggie has 15 years of experience providing agribusiness research, analysis and education to business owners through land-grant universities, with a specialization in agricultural risk management, niche marketing and feasibility assessment. Maggie holds a master’s degree in agricultural and resource economics.
In 2020, one in five lots of hemp will need to be destroyed because the plants exceed the legal THC limit, according to new estimates from the U.S. Department of Agriculture (USDA). These USDA estimates are some of the figures outlined in Hemp Industry Daily’s new special report, “USDA Hemp Rules: A Handbook for Hemp […]Read More
U.S. hemp sales could increase as much as $25 million in 2020 and by more than $100 million in 2022, according to new estimates by the U.S. Department of Agriculture (USDA).Read More
After spending years as a niche item in specialty stores, CBD-infused products have found their way onto the shelves of prominent retailers – and the ingredient’s presence and availability may yet increase. This week, CBD companies announced a number of new distribution deals. Consider: Southeastern Grocers joined the CBD category, announcing it will begin selling […]Read More
The median acreage planted by U.S. hemp operations decreased between 2018 and 2019 while the average size increased – a trend driven by both the risks and opportunities associated with hemp production. According to the 2019 Hemp & CBD Industry Factbook, the number of small-scale growers operating in the hemp space surged between 2018 and […]Read More
Retail sales of CBD in the United States are expected to surpass $1 billion in 2019 – a 133% increase over 2018 sales – and might eclipse $10 billion by 2024, according to projections from the newly released 2019 Hemp & CBD Industry Factbook. The recent surge of consumer demand for CBD, coupled with increasingly […]Read More
Data from Gallup shows that younger Americans are more confident in the health benefits of CBD – but the majority of people familiar with cannabinoids, regardless of age, believe it has at least some health benefits. A telephone poll conducted by Gallup in late May found that 78% of surveyed individuals across the United States […]Read More
Since passage of the 2018 Farm Bill, CBD has risen to the forefront of American consciousness as an alternative health and wellness supplement, and research finds that a growing number of consumers are using it to replace their prescription and over-the-counter drugs. A national January 2019 Consumer Reports survey of more than 4,000 CBD users […]Read More
Even in the relatively new competitive market around CBD, consumers are turning to trusted companies and brands to acquire products with the cannabinoid. Nearly one-third of respondents to a survey from High Yield Insights said they purchase CBD products from a specific brand’s website – more than those who said they use a general online […]Read More
U.S. farmers and ranchers are interested in growing and using hemp. A recent Farm Journal survey of 950 farmers and ranchers across the United States found that although almost none of them currently grow any form of cannabis, about half would consider doing so – and many would consider using it. The survey sought to […]Read More
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Hemp Week ReimaginedHemp Industry Daily editor, Kristen Nichols, interviews Rick Trojan, president of the Hemp Industries Association, in honor of Hemp Week!


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Our analysis shows that, for the first time ever, daily time spent in mobile apps surpasses desktop and mobile web consumption. This stat is even more remarkable if you consider that it took less than three years for native mobile apps to achieve this level of usage, driven primarily by the popularity of iOS and Android platforms.
As a note of interest, Facebook has increasingly taken its share of time spent on the Internet, now making up 14 of the 74 minutes spent per day by consumers, or about one sixth of all Internet minutes.
The chart clearly shows that Games and Social Networking categories capture the significant majority of consumers’ time. Consumers spend nearly half their time using Games, and a third in Social Networking apps. Combined, these two categories control a whopping 79% of consumers’ total app time.
I think it’d be valuable to break out some of this data by age group; there’s a big question of how much of the additional time is from under-18yos. (e.g. people handing the iPad to their kids to keep them from fussing, teens spending time online, etc.)
So I’m not convinced that the following is actually fully right, but it’s thought-provoking and worth sharing, I think:
What the headline should be is that consumers are leaving web developers behind. And so those that can follow quickly have a HUGE opportunity. Forget a few hundred thousand, there are going to be tens of millions of mobile apps available to consumers in the next few years. App goldrush over? Difficult to be visible on mobile? I don’t think so – not even close.


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This morning, the UK Government announced new laws to arm small businesses against unfair contracts that stop them raising money from unpaid invoices will be put to Parliament today. The Government estimates that these measures will provide a £1bn long-term boost to the economy. The new laws form part of the government’s modern Industrial Strategy, building an environment in which small businesses can thrive
Small Business Minister Kelly Tolhurst will today (Monday 10 September) put forward new laws to arm small businesses against unfair contracts that stop them raising money from unpaid invoices.
Currently a small supplier’s contract with a larger company may prevent it from securing invoice finance from providers such as banks and other investors.
Under the new proposed laws, any such contractual restrictions entered into after 31 December 2018, with certain exceptions, would have no effect and could be disregarded by small businesses and finance providers, which will help stop larger businesses from abusing their market position.
The new measures are expected to provide a long-term boost to the UK economy estimated to be worth almost £1bn.
Small Business Minister Kelly Tolhurst said:
The UK’s 5.7 million small businesses are the backbone of our economy and central to our modern Industrial Strategy, with more than 1,000 starting up every day.
These new laws will give small businesses more access to the finance they need to succeed and will help ensure they have a level playing field from which to set fair contracts with the businesses they supply.
Commenting on the announcement, Christoph Rieche, CEO and Co-founder of iwoca, one of Europe’s fastest growing alternative SME lenders, said:
The Government’s plan to make it easier for small businesses to access invoice financing is very welcome. For too long, small businesses have been hampered by larger companies restricting them from securing the critical finance they need to grow and thrive. Ending this practice will give small business owners some much needed respite.”
However, while it’s a step in the right direction, it is unlikely that this measure will solve the problem that businesses with less than £2 million in annual turnover face when accessing finance from high-street banks. Since I founded iwoca in 2011, these banks have slashed the number of overdraft facilities to this sector by roughly 50%. Breaking the financial stranglehold that banks have over smaller businesses will be a boon to the economy and to millions of people employed in the private sector.
The proposed laws come as a number of larger businesses stop their suppliers from assigning ‘receivables’ – the right to receive the proceeds from an invoice. This assignment is essential for invoice finance to operate.
Restrictive contract terms are often used by larger businesses to maintain a hold over their suppliers, with small suppliers often unable to negotiate changes to the proposed contract because they do not have enough power in the marketplace.
The legal changes are set out in the draft ‘Business Contract Terms (Assignment of Receivables) Regulations 2018’.
The estimated current value of the stock of invoice finance to SMEs is approximately £9.5 billion.
Restrictions on invoice finance for SMES in contracts agreed on or after 31 December 2018 will simply not have any legal effect in this way, so the changes introduced by the government involve no compliance or reporting burden to businesses. Contracts can be expected to evolve over time to reflect the regulations.
Invoice finance allows a business to raise funds by assigning their right to be paid (known as ‘receivables’) to a finance provider in exchange for funds, typically representing 80% of the value of the invoices. The initial advance is received within a few days and the balancing 20% (less fees and charges) is paid when the customer settles the invoice. Invoice finance is not borrowing, because the supplier is receiving an advance against a future payment. Some purchase contracts include terms that prohibit assignment, which prevents (or inhibits) access to invoice finance. Suppliers sometimes accept these contracts because of their weak negotiating position. It is these contract terms that the regulations will address.
The Regulations would apply to SME suppliers and contain exceptions for certain types of contract, such as contracts for financial services, contracts with consumers and contracts connected with the sale of a business.


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April 7, 2014
As published in CUA
CUA, Australia’s largest customer-owned financial institution, was recognized at the Celent Model Bank Awards 2014 for ‘Legacy and Ecosystem Transformation.’ CUA partnered with TCS to replace their legacy core banking system with a flexible and modern Core Banking solution from TCS BaNCS that helped them save over 500 per days / month, post the go-live.
Sue Coulter, General Manager, Business Transformation, CUA said, “We are thrilled to receive this Celent Model Bank Award and be acknowledged for our work in implementing our core and online banking systems as well as a new mobile banking application. This was undoubtedly the biggest project CUA has tackled in its near 70 year history and to implement it successfully in a two and a half year window is testament to the hard work invested by many people across our business and the support from our partner TCS.”
“With a fully integrated core, online and mobile banking system, we now have a world class technology platform to offer new and innovative products and an enhanced customer experience, particularly in our digital channels. From a strategic perspective, it underpins our strategy for growth and transformation and ensures we are able to seamlessly meet the needs of our customers across all our face-to-face and digital channels”, said Coulter.


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Pioneer to sell DVD-based car navigation system in China+
(Japan Economic Newswire Via Thomson Dialog NewsEdge)TOKYO, Feb. 22_(Kyodo) _ Pioneer Corp. said Wednesday that from March it will begin selling in China a DVD ROM-based car navigation system that also plays music and movies.
The company is launching its GPS car navigation systems in China, after first marketing them in Japan from 1990 and Europe and North America from 1999, in light of the burgeoning growth of the Chinese auto market.
The AVIC-D8000 navigation system features voice guidance and comes with a touch-sensitive screen displaying map data for China's four major cities, namely, Beijing, Shanghai, Tianjin and Chongqing, as well as for 20 provinces including Fujian, Canton and Sichuan, and two autonomous regions.
It also plays up to 480 minutes of CD music and a rear monitor to be sold separately lets passengers in the back seats watch DVDs.
The suggested retail price is 19,800 yuan, or about $2,400.
Pioneer expects good sales on the assumption that new automobile sales in China will likely climb to over 10 million vehicles by 2014, up from more than 5 million in 2004.
[ Back To TMCnet.com's Homepage ]


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Back at CES, Sony Ericsson unveiled a new Xperia model named the Xperia Arc. While the company revealed most of the details about the device back then (4.2" 854×480 screen, 1GHz Scorpion CPU, Gingerbread, 8MP camera), one major detail was missing: the release date.
Until now, that is. Pocket-lint scored an exclusive date from Mobiles.co.uk about when the Arc will be available for purchase, and that date (according to the website) seems to be March 21st.
Personally, I'm really excited about this phone. Previous Android-powered Sony Ericsson phones have been underpowered and have run older versions of Android. But with the Arc, customers are treated to the latest version of Android and an incredible design, which kind of resembles the Nexus S. It also has Sony's new "Bravia Engine" for the display, which is purported to bring a better picture into a small screen.[Pocket-lint]


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An opportunity to grow in the global market
By Roberto Abdenur
Globalization, the result of technological advances of widespread economic growth in the international expansion of large companies, has proven to be one of the most effective ways to consolidate a fairer business environment worldwide. It's simple: business transactions between countries must follow procedures that can only be covered by companies that have their activities regularized.
Brazil, with a strong and growing economy, has an industry that increasingly uses Information Technology (IT) as an important asset and business differential. In the country, not only is the use of IT growing, but also the development and manufacture of hardware and software.
While Brazil and other emerging countries become both IT consumers and granaries, the United States has taken an important step towards fostering an environment favorable to the performance of companies that observe and comply with rules regarding the use of information technology. information in its operations.
As an example of this movement, the American states of Washington and Louisiana recently adopted specific laws in the IT sector, classifying as unfair competition the sale of products from industries whose IT base is not properly licensed, thus gaining competitiveness through irregular practices. . In addition, there is the possibility of more comprehensive application of general unfair competition laws, previously in force, to achieve the same purpose, that is, to require that manufacturers who sell products or components are in full compliance with IT licenses in their operations. , which implies the need to use only properly licensed computer programs.
In more than 30 American states, the equivalent of the local prosecutor's office has expressed its commitment to enforcing unfair competition laws in force, to prevent unfair competition in the manufacturing segment based on unlicensed use of IT. It is, indeed, a measure aimed at preventing companies of any origin from benefiting from illegal practices in order to obtain cost reductions based on the use of computer programs without proper licenses, competing unfairly with companies that act responsibly in the management of its IT parks. In the same way as tax evasion, or non-compliance with regulatory or labor standards, the use of irregular software can also generate a fraudulent and illegal reduction in operating expenses, which results in market distortion and clear unfair competition.
This movement can and should be seen as an opportunity by emerging countries, especially the BRICS - Brazil, Russia, India and China. It means, above all, an opportunity for Brazil.
Explains yourself. According to the 2010 IDC-BSA Global Software Piracy Study, released in May 2011 by the Business Software Alliance, among the countries that form the BRICS, Brazil has the lowest rate of software piracy, 54%. The highest index is that of China, with 78%, followed by Russia, with 65%, and India, with 64%. Although Brazil is a long way from economies with low rates of illegal IT use, whose average rates are around 30%, among the BRICS, it is the country with the greatest chance of reaching these rates and expanding the competitiveness of its industry in global trade.
The effort is for a positive agenda. And that is possible. Even before the new US unfair competition laws, several countries managed to reduce the rates of IT piracy with measures to encourage the use of licensed software, showing users that the original product gives them guarantees or curbing the practice of using a pirated product. . Finally, to disseminate the recognition that licensed software is better than pirated software, also because it is more secure and more reliable. In Brazil, where a series of federal, state and municipal laws regulate the matter, the reduction in the software piracy rate between 2005 and 2010 was 10 percentage points, according to the BSA study.
The decrease in software piracy results in many benefits. Experts estimate, for example, that a 10 percentage point reduction would inject more than R $ 250 billion into global economic activity in four years, creating about 500 jobs and generating close to R $ 60 billion in taxes for governments.
We believe that a new reading of the US unfair competition laws - not to mention the Brazilian ones mentioned above - represents an opportunity to increase the use of legalized IT structures throughout the manufacturing sector, establish respect for intellectual property in our country and, with this, we expand the possibilities of development of our economy. Today, the United States is the main export destination for sectors such as metallurgy, mechanics, wood, non-metallic minerals and footwear. The establishment of internal IT legalization policies in companies in these and other segments will certainly differentiate them in the global business environment.
The benefits of using a legalized IT structure for companies are clear: the creation of a fairer and more aligned market for all manufacturers, differentiation from national and international competitors in accessing the important American market, improved reputation with partners international agreements, reducing the risk of legal penalties and ensuring a secure structure to support business.
For our society, the benefits will come in the form of greater innovation, the establishment of new companies and the creation of high-tech jobs. A country with the capacity to cross borders and win on the global stage.
The importance of public security policies in the fight against organized crime
Partnership and integration are key words, since the exchange of intelligence information between the forces of repression, whether at the municipal, state or federal level, is fundamental to undermining the power of the powerful.