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What Nintendo console came out 2014?
The year 2014 saw a number of events in the video game industry. No new major consoles were released, but updates and upgrades were: the New Nintendo 3DS was released in Japan and Oceania, and Sony released new model 2000 PS Vita systems in Europe & North America.
Is Nintendo switch the last console?
The company’s most recent console, Nintendo Switch, was released in March 2017 and has now surpassed the entire lifetime sales of the Wii U several times.
Is the switch a 9th generation console?
The switch is gen 9 because it is the successor to the Gen 8 Wii u. Which was a successor to the Gen 7 Wii.
What is the oldest Nintendo console?
Nintendo Entertainment System (NES)
The Nintendo console, or Nintendo Entertainment System (NES), was released as the Famicom in Japan on July 15, 1983. The Famicom offered the ability to play popular arcade games such as Donkey Kong on a home television set and was extremely well received.
What came out first Sega or Nintendo?
Sega came up with the its number one console of all time, the Mega Drive/Genesis in 1988. To counter the threat, Nintendo presented the Super Nintendo Entertainment System (SNES) two years later, the console next in line after NES.
How many years will PS5 last?
From the 8-bit era to the PS2 era, this was the standard length of gens. But starting with the PS3 and Xbox 360, things started to change. Which makes me wonder, how long could the current generation of game consoles last?…Sony.
|System||NA Release||Years between|
Is it worth buying a Nintendo Switch in 2021?
There’s simply an energy and care-free quality to most Nintendo exclusive games that isn’t present in more mature gaming platforms. If you’re a parent wanting to enjoy a video game with your son or daughter, a Nintendo Switch is still well worth buying in 2021.
Is there a new Switch coming out 2021?
The OLED Switch is coming out on October 8, 2021. A subsequent Bloomberg report claimed that developers are being asked to make their Nintendo Switch games playable in 4K, adding further weight to the possibility of an upcoming hardware upgrade. …
When does the next Nintendo console come out?
Their next-gen console may be coming in 2023. And speaking of Nintendo, Shigeru Miyamot… In today’s IGN Daily Fix, Sydnee details Nintendo’s Switch successor.
Is there going to be a Next Generation Nintendo Switch?
The regular Switch also recently launched a new special Animal Crossing: New Horizons edition for the game’s release. It isn’t surprising that Nintendo has no plans on releasing a next-generation console in the next several years given the success of the Switch and its continued momentum.
How many units has the Nintendo Switch sold?
The Switch is currently riding high with more than 61 million units sold worldwide as of June 30. The console is keeping up its momentum, too, as it recently set a new US record for the highest dollar sales of any console in history for an August month.
Are there any Nintendo systems still in production?
The only Nintendo systems still in production are the Switch and Switch Lite. With the Lite essentially acting as its dedicated handheld, the need for a completely separate format seems to be gone. We’ll see if that remains the case once Nintendo faces competition from the next-gen systems.


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"The jury’s decision sounds a bell that should be heard by pharmacy companies around the country."
Two counties in Ohio will be among the first to try the companies in federal court over lawsuits filed by communities across the country.
The craft chain violated state anti-bias law by denying a transgender woman employee access to the women’s bathroom, the state appellate court ruled.
The previous owner of Algonquin Commons owed its lender $168 million. A California investor just bought it for $33 million.
The complaint is another salvo against upstart vehicle makers' direct-to-consumer selling model.
Industry leaders urge Pritzker to veto legislation they say will dramatically increase costs borne by hospitals, clinics, doctors and job creators.
The Arboretum of South Barrington is back where it was during the last real estate slump.
In a lawsuit filed in Chicago, the country's largest chicken chain accuses heavyweights including Tyson of illegally coordinating with one another to keep prices high.

domain: news


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In 2000, Yoav Lurie and Justin Segall met at a Duke University pre-orientation backpacking trip in the Pisgah National Forest and, within just a few minutes, found themselves talking about launching a company together. “It took us 10 years to do it,” Lurie says. But it was worth the wait. This year, Simple Energy, a Web platform that uses social game mechanics to motivate consumers to save energy, is on track for $5 million in revenue.
Ten years after graduation, the friends decided to start a company that addressed the “broken relationship between people and their energy consumption,” says Lurie. They started reading about behavioral science and “gamification.” What if, they pondered, saving energy could be turned into a Web-based game that people played with their friends, earning prizes for themselves and at the same time cutting their utility bills?
The two developed their idea at TechStars Boulder in the summer of 2011, and talked to 100 utilities within the first 30 days of the program. “We just wanted to verify the market -- that utilities were interested in paying for this,” says Lurie.
It turned out that they were. States require utilities, most of which are privately owned, to practice “demand-side management.” In other words, they must try to educate and incentivize consumers to be more energy efficient.
Simple Energy came up with a tool that helps utilities do just that. The company contracts with utilities (their biggest client is San Diego Gas and Electric) and taps their customer databases to encourage people to sign onto the Simple Energy Web platform and invite their Facebook friends to do the same. There, consumers compete with one another to save more energy by, say, adjusting their thermostats or turning lights off when no one is at home. Then the results are made public. “When you show people a leader board that shows them how they’re doing relative to their friends, their immediate reaction is ‘I’d like to do better,’” Lurie says.
In a summer 2011 pilot program, the average consumer saved 20% and top users saved 40-50% compared to the previous year. The utilities pay Simple Energy for the program, and give winning consumers gift cards or other prizes paid for by their community service budgets. This summer, over half a million consumers will compete to save energy and will also be playing to benefit 25 San Diego schools.
With a series A round of capital in the works and negotiations with a major East Coast utility soon to be announced, Simple Energy’s founders believe they’ve found an effective solution to the problem they set out to solve. “We save a whole lot of money for consumers and we also save energy for the system,” says Lurie.


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His name will go down, if not in history, at least in local folklore, as the lockdown hero that nobody was waiting for, but everybody needed.
Now, you can raise a glass to, with and for, Ken Behrens – and it’s all thanks to Capital Brewing Co’s latest creation.
While the team at the brewery said they were all feeling pretty ‘sour’ about lockdown, they decided to get behind a springtime special sour beer instead.
Who better to name it after than Ken Behrens? The typo that’s put a smile on our faces since he was created at a COVID briefing on 15 August.
Capital Brewing Co’s Head Brewer Wade Hurley joked the beer is so sour, you ‘Ken Barely’ believe it’s a beer.
He explained that the team had experimented with a new ‘Philly Sour’ yeast strain which naturally creates a lactic acid bomb.
According to Wade, drinking the beer is an experience that will take you “right back to 1999 when you were crushing Warheads at the local shops; a time when we didn’t have to worry about global pandemics”.
The beer also contains raspberries and blackberries, giving it a unique berry aroma, pink colour and adds the necessary balance to the sour yeast.
“Sours have been massive back home in San Diego for the last five years or so, and it is awesome to see Australians starting to get around the style,” Wade added.
Capital Brewing Co managing director Laurence Kain said it was really all about doing a fun thing in what is a pretty rubbish time for everyone.
“I think sometimes the only way you can get through these situations is to laugh a little bit.
“Hopefully this helps foster some more community spirit and encourage people to stick with the lockdown – get around the beer and get through it,” he said.
You’ll also spot the name across social media posts from ACT Policing and ACT Health, as well as other agencies. Sports teams like The Raiders are also getting behind him, even changing their Twitter handle to Ken Behren Raiders.
Popular Kingston pub The Dock also renamed their Benny A’s Big Beef Burger in honour of Ken Behrens, although people will have to wait until after lockdown before they can tuck into one.
Laurence explained that the team at Capital Brewing Co quickly decided to shut the takeaway element to the brewery and move directly to a home delivery model to keep their team safe.
Capital Brewing Co last week launched ‘crowler packs’ to get popular taproom brews to beer lovers who might be missing their pub trips.
Every Wednesday, a new home delivery pack will be released containing three different ‘crowlers’ – one litre cans of speciality beer that would usually only be available on tap.
Pick the right one, and you’ll find a very special Ken Behrens sour in your pack.
Ken Behrens Raspberry and Blackberry sour is available in a crowler pack for same-day home delivery directly from the brewery through the Capital Brewing Co online store.


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Syracuse, NY – Inc. Magazine has announced that SecureIt Tactical Inc., the global leader in military weapons storage and armory design, and the only company to build a gun storage system that meets the rigorous standards of the U.S. military for the consumer firearm market, has been ranked No. 3812 on its annual Inc. 5000 list.
Businesses featured on the Inc. 5000 Fastest-Growing Private Companies list are ranked based on three-year revenue growth, in which SecureIt’s revenue grew 167%. In addition to revenue, the company also saw significant growth in staffing, growing its overall headcount 47% in that same timeframe.
“Over the past few years, SecureIt has continued to see tremendous growth as a business, so we’re honored to be ranked on the Inc. 5000 list for the second time,” said Tom Kubiniec, President and Chief Executive Officer at SecureIt. “Our company has worked diligently to expand our product lines, strengthen our relationship with the military and law enforcement officials, and break into the consumer market to create a safer, more secure gun storage solution for your home. This ranking is a testament to our success, and we’re excited to continue this momentum as we look to the second half of this year and beyond.”
SecureIt is one of 2,915 companies to be listed multiple times, and ranked third of the companies honored in Syracuse, New York where the company is headquartered.
To learn more about SecureIt’s ranking and to view the complete results of the 2022 Inc. 5000 list, visit https://www.inc.com/profile/secureit-tactical.
About SecureIt Tactical Inc.
SecureIt Tactical Inc. is disrupting the firearm storage industry, challenging the way America thinks about gun storage, safety, and home defense. Founded in 2001 as a Department of Defense contractor, SecureIt is now the global leader in military weapons storage and armory design, and the only company to build a gun storage system that meets the rigorous standards of the U.S. military for the consumer firearm market.
While traditional gun storage companies have lost touch with the core fundamental principle to secure firearms, SecureIt has spent more than two decades perfecting a line of innovative, customizable firearm storage systems and accessories. The company has also developed, in conjunction with the U.S. Army Special Forces, patented CradleGrid™ technology that gives gunowners the flexibility and freedom to design the system that works best for them.
SecureIt is headquartered in Syracuse, NY with a growing employee base and distribution centers across the country. To learn more about SecureIt’s consumer and military weapon storage systems, visit www.secureitgunstorage.com.


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When Apple launched the 3rd generation iPad (as the new iPad), it also dropped the price of the entry-level 16GB WiFi iPad 2 to $399. Apple's products tend to hold their values exceptionally well, so this two-tablet strategy made sense. Apple also proved the success of discount-the-previous-gen strategy with its iPhone line, where you can now buy current, n-1 and n-2 generations of iPhones at prices separated by $100.
What's different with the $399 iPad 2 is that Apple used it as a vehicle to introduce a new hardware platform, or more specifically, a new SoC.
Read on for our analysis of the new 32nm iPad 2,4.


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Electrifying.com New Car Awards 2024
Volvo’s new ‘baby’ electric SUV is the best electric car on sale in the UK, according to the electric car experts at Electrifying.com. As well as receiving the overall Car of the Year award, the pocket-sized Volvo EX30 also collected the Small Family Electric Car honour. Praised for its affordability, sustainability, and practicality, the judges said it is also good to drive even at the cheaper end of the range.
Another small SUV took the Urban Electric Car of the Year prize, with the Jeep Avenger being a surprise choice as the brand is best known for bigger 4x4s. The expert judges praised the new Jeep’s compact dimensions, manoeuvrability, efficiency and chunky looks, with Electrifying.com’s Ginny Buckley saying: “We think the Avenger is a breath of fresh air - we love the way that Jeep has reinvented itself for the electric age.”
At the other end of the SUV scale, Kia’s new flagship, the EV9, was named the Large Electric Family Car of the Year. The seven seater has the quality and technology to really worry the prestige brands, say the judges.
The MG4 was awarded the Money Saving Electric Car award. It was lauded by the judging panel as a great family hatchback which is cheaper to buy and run than equivalent petrol rivals, with a great warranty and plenty of equipment too.
A newcomer to the UK, BYD scooped an award for its innovative Blade Battery fitted to its Dolphin and Seal models. Its clever design promises to bring greater safety and durability than conventional electric car power packs, said the judges. For example, the strict tests conducted by the company include driving a huge nail through the middle of the battery’s cells to check they’ll remain stable in extreme situations.
The judging panel represents the most experienced and knowledgeable team of electric car reviewers in the business. Electrifying.com’s founder Ginny Buckley has been testing cars for nearly 30 years and is a juror for the World Car of the Year Awards, while the rest of the panel boasts an equally qualified cast of well-known experts including Nicki Shields, Nicola Hume, Tom Barnard and Mike Askew.
Ginny Buckley, founder of Electrifying.com, said: “We are the Electric Experts because every year we drive hundreds of electric cars over thousands of miles – including ones we’ve bought with our own money.
“Our winner this year caused a real stir when it was first revealed. Sure, it looked the part, had a great interior and all the figures were all stacked up, but the biggest shock to us all was the price, which made this good-looking mini SUV from a more premium brand go head to head with superminis from the mainstream marques.
“Add in a good sustainability story, enough practicality for a small family and the fact that even the cheaper versions drive brilliantly, and it looks like an unbeatable package.”
New Car Awards 2024 winners
Urban Electric Car of the Year
Money Saving Electric Car of the Year
Salary Sacrifice Car of the Year
Small Family Electric Car of the Year
Large Electric Family Car of the Year
Premium Electric Car of the Year
Electrifying Efficiency Award
Best Electric Van of the Year
Used Electric Car of the Year
Tesla Model 3
Electrifying Innovation of the Year
BYD Blade Battery
Car of the Year


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Automakers need extreme makeover
The president of the United Auto Workers is grasping for straws when he cites Alabama's incentives to foreign automakers as a prime reason why the federal government should support a bailout of the Detroit auto industry.
On Thursday, Democratic leaders failed to persuade the White House and congressional Republicans to use part of a $700 billion financial rescue fund to prop up the auto industry. Instead, CEOs of the 'Big Three' automobile makers — Ford, GM and Chrysler — were given an ultimatum to come up with a survival plan by Dec. 2.
Earlier in the day, UAW President Ron Gettelfinger argued in Detroit that Alabama had provided some $693 million in incentives to draw Mercedes-Benz, Honda, Hyundai and Toyota to the state.
'It just seems odd to us that we can help the financial institutions in this country, that we can offer incentives to our competition ... but at the same time we are willing to walk away from an industry that is the backbone of our economy,' he said.
Alabama Gov. Bob Riley was quick to point out that every state offers incentives to attract major economic projects. He added that Alabama is known for the quality of its work force.
'With all due respect to Mr. Gettelfinger, great workers making great products is a proven recipe for success in Alabama, and it doesn't require a bailout.'
Neither the governor nor the UAW president spoke to one of the central issues, however.
A primary reason foreign automakers have flocked to Alabama and other Sunbelt states is the fact that labor had not succeeded at organizing unions at their manufacturing plants. Average hourly compensation for Big Three auto workers is $73.20. Given that fact, and some boneheaded business decisions, there is little wonder that Detroit is struggling.
Incentives aren't the issue. The Big Three need serious internal changes to spark a turnaround.


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An average user spends less than Rs 100 on online gaming and Rs 200-400 on over-the-top (OTT) platforms, according to a report by technology and policy think tank Esya Centre.
Published in a working paper of IIM Ahmedabad, the survey outlines that users spend the maximum time about 194 minutes a day on social media, compared to 46 minutes on online gaming and 44 minutes on OTT.
Also, 28 per cent of the surveyed population consider online gaming important for their employment prospects.
The report assesses market forces and user behaviours across social media, OTT and online gaming, including real money gaming, e-sports and casual gaming, among 2,000 respondents from Delhi NCR, Bengaluru, Chennai, Mumbai, Kolkata, Patna, Mysuru, Lucknow, Jaipur, and Bhopal and in-app data from over 20.6 lakh users across 143 mobile applications.
As per the report, "Policymakers' concerns around online gaming are unsupported by user time-spend and money-spend data."
The report comes after the GST Council's meeting that changed the GST levied on the online gaming industry from 18 per cent on Gross Gaming Revenue (GGR) to 28 per cent on deposits, leading to a 350 per cent to 400 per cent jump in the industry's GST outgo.
User addiction and loss of money were cited as key reasons behind this steep hike in tax rate.
A 30 per cent increase in participation fee for online games may lead to a 71 per cent dip in engagement, which indicates higher price sensitivity in contrast to 17 per cent population affected by price hike on OTT platforms, according to the survey.
While all users are active on social media once a month, the corresponding number for OTT and online gaming stood at 60 per cent and 40 per cent, respectively.
The survey also found that 89 per cent of the users remain active every day on social media, while just 22 per cent of surveyed users access online gaming on a daily basis. Daily active population on OTT from the survey universe stood at 12 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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June 22, 2021 10:30:27 pm
Written by Jane Black
By last summer, Nick Wiseman, a founder of Little Sesame, a small chain of hummus shops in Washington, D.C., had made all the expected “pivots” to save his business. He’d offered delivery, meal kits and pantry items, and worked with local nonprofits to feed the hungry.
But with both of his shops in downtown business districts — and no signs that office workers would be returning — he needed something else to keep the business afloat. The obvious solution: selling his hummus in grocery stores. “We have a great brand and a great product,” Wiseman remembered thinking. “How hard can this be?”
As it turns out, it took almost a year for three chefs at Little Sesame, each with experience cooking at Michelin-starred restaurants, to make a hummus that looked and tasted the way they wanted it to, with the necessary shelf life and food safety certifications. Along the way, they created a mini-food laboratory, equipped with a magnetic stirrer (to draw uniform hummus samples) and a pH probe, and became experts at the art of high-pressure pasteurization, which kills bacteria by applying isostatic pressure at levels six times those found at the bottom of the ocean. This month, their hummus finally arrived on the shelves at Whole Foods Market.
The bumpy path from restaurant dishes to retail products — often paved with trial, error and some compromise — is one that many chefs and food entrepreneurs have traveled over the past year as they searched for ways to diversify their businesses or reinvent themselves in the pandemic.
Carbone Fine Food, a retail division of the New York City restaurant company Major Food Group, debuted a line of pasta sauces. Another New York business, Levain Bakery, is selling versions of its famously gooey chocolate chip cookies in the freezer aisle of Whole Foods. Independent restaurateurs across the country are hawking everything from jars of hoisin sauce to salty snacks on their websites.
“If you are a proud chef and your soul is dedicated to making food that smells and looks and tastes wonderful, it’s a tricky transition to the world of food manufacturing, where taste doesn’t always come first,” said Bob Del Grosso, a chef and former professor at the Culinary Institute of America who has consulted with a wide array of food manufacturers. “The hope is that new higher-quality and unconventional products they bring to market could bring a new set of values to the business.”
If Wiseman was surprised by the challenges involved in making retail-ready hummus, another of Little Sesame’s chefs, Ron Even, was not. A double major in biochemistry and food science, Even first thought that he would have to employ powdered stabilizers and acidifiers that increase shelf life and, more important, help to stave off dangerous bacteria like salmonella or Clostridium botulinum, which can cause botulism. The risks are real, and recalls are not uncommon. The big hummus producer Sabra issued one for possible salmonella contamination as recently as March.
But the Little Sesame team disliked the sharp, sometimes sour aftertaste that such additives produced. Even began to search for ways to increase acidity without affecting the flavor. Over a period of weeks, he used a Bluetooth probe, which sent data to his iPhone, to test the acidity of every ingredient, including chickpeas, tahini and lemon juice. He even compared the pH of tap water with purified water. (Tap water was less acidic.)
Surprisingly, the solution was found not in the ingredients, but in the process of making the hummus. In its restaurants, Little Sesame cooks its chickpeas with baking soda, which helps to break them down and results in a creamy spread. But baking soda is naturally alkaline, and this added to the challenge of bringing the overall pH to a safe level. After hundreds of iterations, the chefs found that using a pressure cooker sufficiently broke down the chickpeas and allowed them to use fresh lemon juice rather than commercial acidifiers.
Some things did have to change, though. Grocery-store hummus must be pasteurized. Little Sesame chose high-pressure pasteurization, which employs intensity, rather than heat, to preserve fresh flavors. (It is often used in cold-pressed juices.) But the extreme pressure squished Little Sesame’s containers, pressing its toppings against the lids and leaving an unappealing slick. The company now places its jammy tomatoes or caramelized onions under the hummus. The chefs hope that this has the added benefit of ensuring the toppings (bottomings?) last beyond the first serving.
The realities of selling retail also forced the founders of Levain Bakery, Pam Weekes and Connie McDonald, to adjust their plans drastically.
Originally, they envisioned their brand in the cookie aisle. But the qualities that define a Levain Bakery cookie — a buttery mound that is crusty on the outside and moist and chewy inside — were impossible to recreate in a cookie that could sit on the shelf for months.
Last fall, some two years after they began, Levain delivered a retail cookie that is smaller but otherwise identical to what they sell in their eight bakeries. They are prebaked and frozen.
The freezer aisle is not where many people look for cookies, but Weekes and McDonald are thrilled. “When people would come to the bakery and ask how they could save cookies for later, we’d always tell them to freeze them,” McDonald said. “The solution was right under our nose.”
As the demand for restaurant-quality food at home has soared during the pandemic, restaurateurs like Little Sesame’s Wiseman hope the hard work will pay off.
But on the culinary side, solving the riddles of retail products is its own kind of reward. Even after the months of toil on its hummus, the Little Sesame team is already back in the food lab, at work on new retail products.
This article originally appeared in The New York Times.
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YOOX NET-A-PORTER's inaugurates its cutting-edge distribution centre with the Italian government delegation
20 SEP 2021
To celebrate the inauguration of its new cutting-edge 54 000 sqm distribution centre in Landriano, near Milan, YOOX-NET-A-PORTER has welcomed a delegation from the Italian Government for an exclusive tour of the facility. The delegation comprised Maria Stella Gelmini, the Italian Government's Minister of Regional Affairs and Autonomies, Fabiana Dadone, the Italian Government's Minister for Youth Policy, and Alessandra Todde, the Italian Government's vice president Minister of Economic Development.
"We are delighted to have unveiled our cutting-edge distribution centre in Landriano in the presence of the Ministers and Vice Minister. This new global hub for NET-A-PORTER and MR PORTER reflects our commitment to innovation and long-term growth, and to Italy in particular, the country where YOOX was founded 21 years ago. We are proud to continue investing in local talent and to constantly improve the shopping experience for our more than 4.5 million customers across 180 countries worldwide." - Geoffroy Lefebvre, CEO of YOOX NET-A-PORTER.
The logistics hub represents one of YOOX NET-A-PORTER's most important investments of the last 20 years in terms of logistics and operations in Italy, amounting to a total of 47 million euros: an operation that allows the Company to double the capacity of the inventory of NET-A-PORTER and MR PORTER. Leveraging a fully interconnected logistics network built around central hubs and regional distribution centres, the omni-stock model gives NET-A-PORTER and MR PORTER’ customers visibility of and access to stock from anywhere in the world.
As well as serving as a global distribution centre, the Landriano site also encompasses a Digital Production Hub, with 6 000 sqm dedicated to creative innovation and the creation of visual content for luxury brands sold by NET-A-PORTER and MR PORTER.


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The fresh economic reforms would create a tax paying society that would raise government's revenue and funds to invest in social security, developmental and employment generating projects.
The focus areas as defined by Finance Minister, Arun Jaitley for Budget 2017, transform, energize and clean when broken down to apply for the startup sector holds a lot of hope for what's yet to come.
Chidambaram said while the "cry" everywhere was about jobs, the annual exercise did "nothing" to address the concerns of young people and their parents.
While hailing the increased allocation for infrastructure and road sector in the Union Budget, the tyre industry expressed concerns over exclusion of rubber and tyres in the list of items on which duty inversion has been addressed.
Noting that the Budget is only "mildly growth supportive", Crisil said the key focus is to revive the rural sector by bolstering agriculture and infrastructure.
The statistics marshalled by the finance minister were intended to shock public opinion into recognising the extent of tax evasion and generate popular support among the poor and the taxpayers for tough measures to track tax liabilities.
The programme on Faster Adoption of Manufacturing of Hybrid and Electric Vehicles, which goes by the acronym FAME, got Rs 175 crore for FY-18 versus Rs 123 crore in FY-17.
After moving between 28,070.81 and 28,299.92, the Sensex settled up 84.97 points, or 0.30 per cent, at 28,226.61. This is the highest closing since October 4 last when it closed at 28,334.55.
Hero Flash claims a range of 65kms on a single charge which takes about 6-8 hours. The scooter gets a 48-Volt, VRLA battery. It has a 250W electric motor which gives a top speed of 25 km/hr.
Boost to markets as FPIs Category 1 and 2 are exempt from indirect transfer provisions and the resultant capital gains with retrospective effect from FY 2012-13
In an exclusive chat with ET Now, RC Bhargava, Chairman, Maruti Suzuki, says that the Finance Minister has raised issue of tax compliance and cleaning up of economy in the Budget.
Focus on infrastructure is a big positive for steel companies and the industry because it is a key driver of steel consumption.
The finance minister needs to be complimented for announcing a slew of cross-sectoral measures which would promote overall growth, generate employment.
“Budget 2017 will bring a big change in the financial condition of the villages, raise middle class incomes without any increase in fiscal deficit,” Narendra Modi said.
ACMA also welcomes the reduction in corporate tax on MSMEs giving them the much needed encouragement and relief.
Vinod K Dasari, President, SIAM, said "there was also a genuine case for continuation of 200% weighted deduction on R&D expenses for auto industry, which remained unacknowledged in budget proposals."
Big push given in the Budget to the infrastructure development and renewed emphasis on rural & agriculture sector with substantially higher outlays, as also the 25.4% increase in central capital expenditure during the financial year 2017-18 will have ripple effect on the economy as a whole, including auto sector.
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TVS Motor Q2 PAT rises 21% at Rs 255 crore on exceptional gains / NXP India partners with HCL Technologies for next-gen advanced electronics and semiconductor / Govt vehicle scrappage initiative will boost presence of organised firms: SIAM / Volvo Cars unveils Volvo XC40 Recharge electric SUV / Ola unveils self-drive car sharing service Ola Drive / Ready to productionise gasoline EGR systems in India by 2020: MD, BorgWarner Emissions Systems India / E-Chetak is very 'Vespa': Tata Motors Chief Designer / Demand downturn for luxury cars coming to an end: Mercedes / India expected to be electric two and three-wheeler manufacturing hub in 6 years: Amitabh Kant / Odd-even scheme: IRF pitches for exemption of private CNG vehicles


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BMM Testlabs Receives Authorization from the EN.RE.JA. of Salta
BMM Testlabs is pleased to announce that it has been authorized by the EN.RE.JA. of Salta, Argentina to certify and test gaming equipment.
SVP, Business Development Europe and South America – Marzia Turrini commented, “BMM is pleased to expand our service offering within the province of Salta and to be able to issue product certifications in the jurisdiction. We appreciate the work and diligence everyone at the EN.RE.JA provided during the authorization process, specifically the support from the Board of Directors and the Legal Department.”
Turrini continued, “We look forward to seeing manufacturers offer the latest products to the operators in the province of Salta, and seeing a wide variety of games and entertainment on offer to the patrons. The Argentinian gaming industry is growing incredibly quickly and with this new authorization, BMM looks forward to continuing to provide our world-class testing and certification services to the region.”


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Intel's Arc Alchemist A780 may be delayed until the third quarter of 2022
An insider hiding under the nickname Enthusiastic Citizen recently shared information about Intel's plans for the Arc line of graphics processors for desktops. According to the source, the Arc line of desktops will unfortunately be delayed.
Intel's desktop GPUs may not launch until the second or early third quarter. This could put these parts in direct competition with AMD and NVIDIA's next-generation GPUs, which are due later this year.
ors suggested that Intel's flagship Arc graphics cards would compete with the GeForce RTX 3070 and RX 6800. At the right price point, this would be a great position for Intel, especially if it brought these cards to market a little earlier, just during the GPU shortage.
As things stand now, a further delay of 4-6 months could put Intel at a competitive disadvantage.
Previously, NVIDIA's Restocked and Reloaded campaign led to a significant price reduction on RTX 30 series parts. Availability for the RX 6000 series has also improved. What's more, there are rumors that NVIDIA's top-of-the-line Lovelace card could be 60 to 80 percent faster than the GeForce RTX 3090.
If that's true, Intel's top-of-the-line Arc cards could provide less than half that performance. That said, unless Intel is positioning and pricing them as mid-tier contenders, the Arc lineup could be in a tough spot in the post-recession GPU market.
It might be interesting
At its annual TechFest in Redmond, Microsoft has unveiled its many new technologies that include green data centers, voice-controlled ICE and many more.
Microsoft has unveiled a new application that should improve communication between Android smartphones and computers. The company announced this in its official blog.
Different businesses have different sort of storage needs. A small external hard drive that has sufficient space can be very handy when traveling.


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Dahlonega Lumpkin County Georgia Real Estate News
As of March 15 2014 Lumpkin County has 197 single family homes on the market.
54 Additional homes are under contract.
16 Homes sold last month.
5 Of the sales were foreclosures.
Highest sales price, $310,000
Lowest sales price, $46,000
7 Townhouses are on the market, 1 is under contract, 2 townhouses sold last month, 1 in the Summit for $187,000 and 1 in Rock Point for $110,000.
232 Developed Lots are on the market, 2 under contract and 2 sold last month


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Last month, we wrote about how summer is the perfect time to start thinking about the holiday season—especially if you’re a retailer! Designing, planning, and getting ready to implement your holiday promotions (using Recurly’s coupon feature, of course!) takes time to do well and get the results you hope for.
Another aspect of the holidays that subscription businesses can start thinking about now is their fraud-fighting efforts. We know that credit card fraud tends to spike during the holidays. With so many transactions whizzing through the various systems, it can be hard to catch the fraudulent ones, and thieves know this. Fraud is also continually on the rise, although the forms it takes are ever-changing, based on the ebb and flow of vulnerabilities and prevention efforts.
A recent reportby ACI Worldwide found that a full 30% of global consumers have experienced some kind of card fraud over the past five years. The report also found that 14 of 17 countries studied saw an increase in fraud between 2014 and 2016. Amongst U.S. purchasers, almost 50% of us experienced fraud, giving the U.S. the third-highest fraud rate worldwide, with the added distinction of being the only country to remain in the top three from 2014 to 2016. Go team.
Our consistently high fraud rate is likely due to two key factors. Because card spend in the U.S. is so high, fraud rates in turn are likely to be higher, according to the study. Americans do like to shop, and we pay the price (literally and figuratively) in our higher fraud rates. Criminals tend to go where the opportunities are most plentiful. The slow adoption of EMV card technology is another factor (which we also discussed in a recent post).
The adoption of EMV technology (albeit slow thus far) has, as predicted, caused some point-of-sale fraud to move to the card-not-present world. And as digital shopping increases (the Business Intelligence website forecasts that e-commerce will grow to $632 billion by 2020, up from $303 billion in 2014) and EMV adoption accelerates, fraudsters will continue to shift their focus toward e-commerce sites and opportunities.
Fraud’s most obvious cost is financial. Fraud cost U.S. retailers approximately $32 billion in 2014, up from $23 billion just one year earlier. And for the issuers of credit cards, last year fraud cost them approximately $9 per card issued. And fraud doesn’t just cost money, it eats away at a business’ reputation and in consumers’ confidence. Less confident consumers spend less. While only 6% of consumers will change to a different financial institution following a fraud incident, 30% of users will choose to pay with cash or with a different payment method.
Fortunately for Recurly customers, we offer industry-leading fraud fighting technology within our solution via our partnership with Kount. These tools can detect potentially fraudulent transactions, repair the problem when possible, or deny the transaction based on the factors that indicate a likelihood of fraud.
Want to learn more about how Recurly can help your business fight fraud? Talk to a Recurly expert at (844) 732-8759. Or schedule a demo below.
All fields required. Recurly respects your privacy.
The value of Recurly is that we no longer have to worry about the different aspects of subscription management. Instead, we can focus on things that are our core competency, like adding value to our service and expanding our offering. That’s been a huge win for us.


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Pantaloon Retail (India) has decided to acquire a 15.73 per cent stake in Galaxy Entertainment Corporation, marking its foray in leisure and entertainment business.
Pantaloon, the Kishore Biyani controlled retail major, has decided to acquire 20 lakh equity shares of Rs 10 each of Galaxy Entertainment, representing a 15.73 per cent stake on the enhanced equity, at a premium of Rs 34 per share. The total investment for the acquisition is Rs 8.8 crore.
Post subscription, Pantaloon will come out with a mandatory 20 per cent open offer to the shareholders of Galaxy Entertainment.
Pantaloon last week approved private placement of 953653 equity shares of Rs 10 each at premium of Rs 724.02 per share to Bennett, Coleman & Company Ltd pursuant to the approval of the shareholders at an extra-ordinary general meeting.
"Pantaloon will strategically manage the business with an eye for exponential growth. With the increasing number of malls under development, the leisure and entertainment business is all set for take off in the country, " the company said in a media statement.
Pantaloon is one of the larger players in retail and owns retail chains with the names of Pantaloons, Big Bazaar and Food Bazaar. It also has the "Central" chain of seamless Shopping Malls. Galaxy owns and operates Sports Bar, Bowling Company and Rain Restuarant in Mumbai.
Kishore Biyani of managing director, Pantaloon, said, "Leisure and entertainment account for over six percent of the aspirational consumer spend and is growing rapidly. With the increasing number of malls, there is a strong need for quality options of leisure and entertainment. Galaxy will fill that need for the aspirational customers."
A spokesperson of Galaxy Entertainment said, "With a strong partner like Pantaloon and with the vision of Kishore Biyani, Galaxy will go from strength to strength. Growth in entertainment, food & beverages, leisure business will be facilitated by the strong presence and availability of prime space that Pantaloon has in malls across the country. Galaxy will also gain from the management band width that Pantaloon has created."


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BEAVERTON -- The city's Board of Design Review has approved plans for a sporting goods store that city planners initially opposed.
Sportsman's Warehouse got the OK last week to build a 62,500-square-foot store at the corner of Southwest Canyon Road and 114th Avenuet, just west of Oregon 217.
City planners recommended earlier this month that the board reject the proposal because the store's design was too auto-oriented, didn't have enough architectural features to make it attractive to pedestrians and was at a key gateway to the city. Architects made changes, which resulted in city staff taking the rare step of not making a recommendation in its report a week before the public hearing.
Company representatives then wrote the city a letter explaining how the store met city guidelines. City staff changed its position before last week's public hearing, recommending that the board approve the store.
The board's decision was unanimous.
- David R. Anderson;


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The Public Health Agency of Canada is investigating a second case of E. coli linked to romaine lettuce from the U.S.
Authorities are now looking at two cases, one in Alberta and one in Manitoba, the agency said Friday. The individuals got sick in mid-October and early November. One was admitted to hospital.
The cases are genetically linked to U.S. outbreaks in 2017 and 2018 that stemmed from romaine lettuce, suggesting there may be a recurring source of contamination.
The U.S. Center for Disease Control continues to report multiple cases of E. coli connected to romaine in several states.
Romaine lettuce was imported from the U.S. until Nov. 22. In light of the second case, Canadian officials have brought in new measures to ensure that any affected romaine from Salinas, Calif. is no longer coming in.
The agency continues to advise people to not eat, and retailers and restaurants to not sell or serve, any romaine lettuce harvested from the Salinas region.
Romaine lettuce harvested in Canada is not affected.
This is the fourth E. coli outbreak linked to romaine lettuce affecting Canadians in the last two years.


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Gabriel Toribio’s dream was always to open his own business before he turned 20. He and his business partner, Jezmani Kraus, had been reselling sneakers — sometimes to each other — since they were both 13 years old. In November 2019, the pair opened Laa Tiendaa, a sneaker and streetwear shop, in Malden. They opened Laa Tiendaa to be a community-based retail store that would provide opportunities and give back to the people it served. They had just turned 20.
Early on the morning of Monday, June 1, two groups damaged and looted Laa Tiendaa. Toribio said the first group threw a rock through the window, and left after the alarm sounded. A second group arrived several hours later, entered the store, and took what Toribio estimates to be from $8,000 to $10,000 worth of product.
“We really couldn’t believe it for a second,” said Toribio. “We were happy that nobody was there in the process, no one got hurt.”
Several other sneaker stores throughout Boston were damaged or looted as part of the violence that followed the George Floyd protests on May 31. WCVB aired live footage of looters leaving Concepts on Boylston Street with sneaker boxes and jackets, and Laced lost over $75,000 worth of merchandise, according to the Boston Globe. Despite the losses, both shops came forward in support of the protests.
On the morning following Laa Tiendaa’s damages, the community rallied around Toribio and Kraus. A GoFundMe was set up to help the business reopen and has since raised over $7,000, which will be used to refund the owners of the items they were selling on consignment, replenish their stock, fix damages to the store, and invest in a roll-down gate to protect the business in the future. Some of their stolen product included sneakers on consignment, which the store plans to fully compensate the owners. It’s still unclear to Toribio how much their insurance will cover losses.
“When you have this much support from all your friends, families, people from out of state supporting you that you know, it’s beautiful at the end of the day,” said Toribio. “It really strengthened my core to really work even harder for the community.”
Laa Tiendaa doesn’t have a set reopening date yet, but Toribio hopes to begin serving customers again with the next two weeks. Despite the challenges he and Kraus are facing, though, he still stands with the protesters.
“We understand why it’s happening. It’s been centuries and centuries and centuries…that their voices have not been heard at all,” said Toribio. “The last thing we want is for one of our friends, God forbid, to go to the other side of life just because of the [color of his skin]. It’s very sad. We stand with the people no matter what, and we agree with whatever we have to do to voice our opinions.”
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The demand for paying with mobile devices may have gotten off to a slow start, especially in the United States, but the next few years will see the mobile payment landscape explode – IDC estimates that by 2020 the global mobile payment market will be worth nearly $4 trillion.
From paying bills and transferring money to friends and family, paying for coffee before we enter Starbucks, to ordering clothes, food, cabs, and other services – all done through our mobile devices – the landscape for mobile payments has dramatically increased – and security has been left in the dust.
The number of capabilities offered by the many mobile payment channels available – POS applications and NFC-based payment apps to systems built into the mobile OS – has made mobile payment apps a ‘godsend’ for consumers who ache for more convenient ways to pay. And with reduced costs, increased operational efficiency and, of course, higher customer satisfaction, mobile payment applications have been great for businesses, too. But it’s cast a dark shadow on security implications created by all the accessibility offered by mobile payment applications.
Take, for example, ISACA’s recent Mobile Payment Security Study, which found that around 89% of the cyber security professionals surveyed know that cash is the most secure way to pay – yet only nine percent of them actually prefer to pay in cash. Another 87% of those same security experts expect to see an increase in mobile payment data breaches in 2016. If cybersecurity professionals themselves are unconvinced by the prospect of higher risk when paying with their phones, there is only one practical thing to do: begin increasing security practices when developing mobile payment applications. Security doesn’t have to be a trade-off for convenience – and to succeed in the future of mobile payment apps, we all need to work towards finding ways to make that a reality.
Why Mobile Payment Security Is Different:
Mobile devices have so many different touch points – device manufacturers, mobile OS developers, application designers, among others – that attention to the security provided by your mobile payment app is absolutely vital to the vitality of your organization and the loyalty of your customers. In addition, because of the speed at which the mobile app market runs, development for apps is often done with a rush to release – and more often than not, security suffers.
Because there are so many different functionalities and additional communication methods offered by mobile devices, each needs to have special attention paid to ensure full security. In addition, the majority of security controls used on mobile devices, including password protections and biometric inputs, secure the phone only in instances of physical theft, and not through the myriad other ways attackers can get through.
These unique challenges mean that mobile payment app developers need to pay special attention to areas that aren’t as crucial when developing other mobile applications or software.
Here are seven tips to get you on your way to making secure mobile payment applications:
- Understand the security implications of each of the platforms you’re designing your app for
There are pros and cons to writing your code for the specific mobile operating system it’s intended for. Some of the positives include a more native feeling for users and runs more smoothly, but the downside is that each OS is unique and requires a different language along with different testing environments and tools used for development.
On top of the differences between operation systems, different versions of the same OS each have their own security implications that need to be taken into consideration.
Hybrid platforms that help bridge the gap between OS’s for applications, such as PhoneGap offer a third option for developers. And while in the end it’s up to your organization to make that decision, one thing to be fully aware of are the security implications for whatever OS you do choose.
- Hold on to customer info only as long as you need to, but never on the user’s device – and never collect data you don’t need
Leakage and data theft are major risks involved in mobile apps in general, yet with so much financial information involved with mobile payments and mobile banking, the risks are that much higher. Keep data on the device only as long as the user session is in place, and always in a secure storage environment.
Don’t fall prey to the mistake the Starbucks iOS app last year. Their application, used to store loyalty cards which paid for products, was found to be storing “passwords, emails, usernames and GPS location files in plain text,” the LA Times reported.
Luckily, both instances were detected by ethical hackers and reported responsibly to the companies in question. But it was just that – luck. Organizations developing mobile apps cannot afford to rely on the “good guys” to always find their security flaws.
- Protect data over transmission and use industry standards for doing so
Insufficient Transport Layer Protection is one of OWASP’s Mobile Top 10 vulnerabilities, and it’s vital to ensure the protection of user’s data as it’s moved across networks. SSL/TLS should always be used to transmit sensitive info, always require the SSL chain to be verified and avoid mixed SSL sessions. A good piece of advice is to assume the user is going to be using the app over insecure Wi-Fi – and develop your app and security processes around that.
- Implement strong authentication methods
As Al Pascual, director of security risk and fraud for Javelin Strategy and Research told Dark Reading earlier this year, “the one constant we have seen for every mobile financial service thus far has been the issue of [bank account] takeovers, whether that be mobile banking, mobile RDC, or mobile payments. More needs to be done to ensure that the device to which data is provisioned belongs to the legitimate account holder.”
In our State of Mobile Application Security report, we reported that nearly a quarter of vulnerabilities uncovered by security testing were owed to authentication, surpassed only by the leakage of personal or sensitive data. More alarming was that 60% of authentication and authorization issues were found to be of critical severity.
Earlier this year, a security vulnerability surrounding the Apple Pay mobile payment technology that saw “rampant” fraud made that severity all too real. The fault for the fraud lay with the banks, though. Criminals were stealing credit cards, uploading the info to Apple Pay, and, with lax approval methods on the banks side – including call centers, the thieves were able to use their own phones to make purchases on someone else’s dime.
To combat authentication issues in your mobile payment applications, strong mechanisms need to be able to ensure the identity of the user. Gartner analyst Avivah Litan recommends lower reliance on static data such as social security numbers or PIN codes, and put more focus on dynamic data such as Google Authenticator or instant SMSs provide. Litan also recommends slowing down the authorization process for especially high-risk applications.
- Test your third-party libraries
Third-party and open source libraries are incredibly handy for developers in the face of just quick-changing and different types of environments, and they’re used widely in mobile apps. But don’t be fooled by the “more eyes make all bugs shallow” myth. These libraries require security testing just as the rest of your code does. Developers need to be aware of the risks these libraries can pose (POODLE, Shellshock or Heartbleed, anyone?) and security managers should educate developers in the security risks they should be looking out for – both in third party libraries and the code they write themselves.
- Plan security testing at the beginning of the app design
With all due respect to fast development and rushed timetables, security testing is not an extra function that can be thrown in at the end of development ‘for kicks’. Code scanning and remediation of detected vulnerabilities throughout the SDLC is an essential part of the fast-paced app development environment because it saves vital time and resources in the end.
It’s been proven time and time again how much repairing security bugs at the beginning stages of development saves in the end, and it’s no different with mobile payment applications. Once you’ve chosen the correct tools for the job, the next step is developing a plan for how security testing will be implemented throughout development.
- Stay involved with security when the app is released
Your work with mobile payment application security is never done. Once you’ve released the payment application to the wild, an important part of the follow-up is to regularly scan the code for new security vulnerabilities, update security libraries when new versions come out, and listen for user feedback regarding security or privacy concerns.
Don’t assume that just because your app has hit the app store you can forget about it. Security never ends, because the attackers never stop.


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Amazon announces opening of first fulfilment centre in Australia
Amazon has announced the opening of a fulfilment centre in Dandenong South.
Amazon has begun recruiting personnel for the opening its first Australian fulfilment centre in Dandenong South, Victoria.
The opening of the 24,000 square metre facility is an early step in the company’s goal of bringing a retail offering to Australia.
Robert Bruce, Amazon’s director of operations for Australia says the centre will create hundreds of new jobs. “This is just the start,” he says. “Over time, we will bring thousands of new jobs to Australia and millions of dollars of investment, as well as opening up the opportunity for thousands of Australian businesses to sell at home and abroad through Amazon Marketplace.”
The centre is located in the Pellicano’s M2 Industry Park in Dandenong South. It is conveniently located with access to Melbourne’s Monash Freeway, Eastlink tollway and the South Gippsland Highway.
Industry Minister for Victoria Wade Noonan is excited about the announcement. “Amazon is the latest global company to choose Victoria for its Australian operations,” he says.
Amazon has almost 1000 employees at this time, a figure which will no doubt grow as Australian operations take off.
The recruitment to staff the Dandenong South facility will include operations managers, pickers, packers, systems technicians and HR specialists.
The Australia launch has been the subject of much media coverage and speculation surrounding how it will disrupt existing retailers. Recent PayPal research found Australian businesses aren’t meeting consumers’ shipping demands and are not ready for its arrival.
Despite months of hype, Amazon is yet to name a launch date for its Australian operations. “We will commence hiring for the site immediately and make an announcement on the opening date in the future,” an Amazon spokesperson tells Marketing, “please stay tuned.”
* * * * *
Avoid the Holiday Horror!
22 August, Sydney
24 August, Melbourne
Marketing invites B2C marketers to a free breakfast event to find out how brands are preparing to survive and thrive in the lead-up to December. Our panel of experts will discuss how top brands in retail, entertainment, travel and other industries are planning and executing strategies that’ll resonate with consumers in the most competitive time of the year.


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PM, COAS reach Gwadar for deep seaport’s inaugural ceremony
GWADAR (92 News) – Prime Minister Nawaz Sharif, Chief of Army Chief General Raheel Sharif and other country’s top leadership have reached Balochistan to kick off the shipment of trade goods from Gwadar Port to international markets.
The first shipment of Chinese goods would leave for other countries through two ships.
The inauguration of Gwadar port would mark the historic launch of trade activity through the China-Pakistan Economic Corridor (CPEC).
Prime Minister Nawaz Sharif is accompanied by Defense Minister Khawaja Asif and Foreign Affairs adviser Nasser Janjua. JUIF chief Maulana Fazlur Rehman also arrived at the port.
During his day-long visit to Gwadar, the prime minister will also address a ceremony of launching the first mega pilot trade cargo.


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Netflix today reported its second quarter earnings for 2019, and has subsequently dropped over 10 percent in after-hours trading. Netflix reported global net new subscribers of 2.7 million, far below its guidance of 5 million. This comes as Netflix will soon face increased competition from the likes of Apple, HBO, and Disney.
As detailed by CNBC, Netflix reported higher earnings per share than analysts anticipated at 60 cents versus 56 cents. Revenue was slightly below $4.93 billion estimates, with Netflix reporting $4.93 billion.
Netflix’s subscriber count in the United States fell by 126,000, which is far worse than analyst expectations of the company adding 352,000 new subscribers. On an international basis, Netflix added 2.83 million subscribers, compared to expectations of 4.81 million.
In Netflix’s letter to shareholders, CEO Reed Hastings said that Netflix’s subscriber loss was higher in areas where it was forced to increase prices during the quarter. He added that Netflix doesn’t believe that “competition was a factor since there wasn’t a material change in the competitive landscape during Q2.”
As for the upcoming loss of Friends and The Office, Hastings says that this will free up Netflix’s budget for new original content. This is the despite the fact that both shows are the two most watched pieces of content on Netflix.
Various reports have suggested that Netflix might adopt an advertising model in an effort to keep mostly costs lower for subscribers. Hastings said those reports are completely false:
We, like HBO, are advertising free. That remains a deep part of our brand proposition; when you read speculation that we are moving into selling advertising, be confident that this is false. We believe we will have a more valuable business in the long term by staying out of competing for ad revenue and instead entirely focusing on competing for viewer satisfaction.
Hastings also addressed the forthcoming competition from Apple, Disney, and others. He explained that in the United States, Netflix still only earns around 10 percent of consumers’ television time, giving it room to grow:
Over the next 12 months, Disney, Apple, WarnerMedia, NBCU and others are joining Hulu, Amazon, BBC, Hotstar, YouTube, Netflix, and many others in offering streaming entertainment. The competition for winning consumers’ relaxation time is fierce for all companies and great for consumers. In the US, our most developed market, we still only earn about 10% of consumers’ television time, and less of their mobile screen time, so we have much room for growth.
Netflix has long dismissed the looming competition from the likes of Apple and Disney. This quarter’s loss in subscribers marks a first for Netflix since 2011, but a lot of questions remain about how the company will compete in the growingly crowded streaming media space.
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The year 2018 was generally positive for our member companies belonging to the real estate and development industry. Indeed, almost all member companies in this industry predicted an increase in revenue from 2017 to 2018. Additionally, 42% of companies say China will account for 50% or more of their global revenue for 2018, a much larger percentage than the average membership.
However, the percentage of companies who characterized 2018’s financial performance as “break even” increased from 9% in 2017 to 25% in 2018.
Looking forward, member companies in the real estate industry are most pessimistic about US-China relations and cost competitiveness, yet remain positive about opportunities in domestic market growth and expanding business to new cities.
Across its 21 data-driven pages, the report focuses on six main areas, including:
- Executive Summary
- 2018 Performance Snapshot
- Business Climate Challenges and Investment Outlook
- Regulatory Environment
- Policy Perspectives
This industry report is free for all members. For non-members, this report can be purchased for 400 RMB. To purchase this report, click the button below.


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06/23/2014, 12:06 pm
With Google's I/O conference set to kick off this Wednesday and showcase the company's next direction for its Android mobile platform, a new leak now shows an 8.9-inch HTC tablet that is expected to be the next premium Nexus tablet pitted against Apple's iPad lineup.
05/09/2014, 07:05 pm
A customer satisfaction survey ranking smartphones features and desirability in South Korea awarded Apple's iPhone 5s a widening lead over domestic rivals including LG, Samsung and Pantech.
10/11/2012, 03:10 pm
Google this month is set to show off its next flagship Nexus handset, which will reportedly be based on LG's existing Optimus G smartphone.
10/11/2012, 12:10 pm
A U.S. appeals court on Thursday overturned a ruling that barred sales of the Samsung Galaxy Nexus, allowing the device to go back on sale.


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On Monday AMD announced the FireStream 9250, the company’s latest general purpose graphics processing unit (GPGPU), and the successor to the FireStream 9170 product announced last year. Like the NVIDIA Tesla T10P also announced yesterday, the 9250 brings just over 1 teraflops of 32-bit (single precision) performance. The 9250 fits in a power envelope that the company says is less than 150 watts, and the card requires a single PCIe slot.
AMD focused hard on performance with this rev, not only getting to 1 teraflops of single precision performance and an 8 gigaflops per watt metric, but also outstripping the T10P by a factor of two in double precision performance. Combine this platform with AMD’s commitment to making it easier for everybody to get those performance levels, and HPC users have a powerful option for bringing accelerated computing to an application near them.
Its friendly FLOPS per watt metric comes with some tradeoffs: the 9250 only sports 1 GB of GDDR3 RAM, four times less than NVIDIA’s T10P, and half that on the original 9170. But unlike its competitor, the 9250 can handle an impressive 200 gigaflops in 64-bit computations, double the 9170’s 100 gigaflops double precision FP performance. The new FireStream 9250 is scheduled to be available in the third quarter of this year. And with a $999 list price, it’s substantially cheaper than the 9170 at $1,999.
While the timing of the announcement is clearly aimed at drawing interest from the HPC community, AMD is also focused on making this power available to a broader audience. The company is emphasizing steps aimed at making GPGPUs easier to program, and at making applications portable among different accelerators.
Last week, AMD announced partnerships with parallel tools providers Rogue Wave and RapidMind in an attempt to expand access to its hardware. The RapidMind partnership in particular is interesting in the context of this announcement since it announced support by RapidMind’s Multi-Core Development Platform for the FireStream 9170 — and one assumes that the 9250 can’t be far behind. RapidMind’s development tools allow one code base to be targeted at multicore processors, GPGPUs, and the Cell B/E without changing the code.
In a statement released with that announcement, Patricia Harrell, AMD’s director of Stream Computing, said “AMD Stream embraces an open-systems approach to the GPU and is pleased to be working with RapidMind as we grow our ecosystem of software and service provider partners. RapidMind’s Multi-Core Development Platform gives our customers a unique advantage for harnessing the compute capacity of the AMD FireStream 9170 as well as multi-core CPUs.”
AMD has also worked hard on creating effective interfaces for programmers to its GPGPUs, starting with the company’s first accelerators in 2006 and the CTM, or Close to the Metal, programming interface. An early example of the use of acceleration and CTM at that time was the [email protected] port, which saw a speedup of 30x over a CPU-only implementation. Programmer support continued to evolve with last year’s announcement of the AMD Stream SDK, designed to help developers create accelerated applications for AMD FireStream, ATI FireGL and ATI Radeon GPUs. The SDK included AMD’s implementation of the Stanford BrookGPU interface for stream computing, called Brook+, which is available as open source.
But this isn’t an AMD-only world, and AMD recognizes that different programmer interfaces for different hardware is not the way to spur adoption of a technology over the long term. In an attempt to unify the programmer interface, AMD has announced its support for OpenCL.
The Open Computing Language is a community effort spearheaded by Apple (yes, makers of the iPod) to offer its customers a familiar, C-like environment for getting at the power in GPUs shipped with the company’s Mac line of computers. OpenCL will be part of the technology rolled into Snow Leopard, the next release of Apple’s Mac OS X operating system. In an interview in the NY Times Bits blog Steve Jobs said, “Basically it lets you use graphics processors to do computation. It’s way beyond what NVIDIA or anyone else has, and it’s really simple.”
While OpenCL is still evolving, Patricia Harrell says that there are enough structural similarities between Brook+ and OpenCL that programmers shouldn’t have a hard time making the transition. “OpenCL is a programming specification that feels like a C-level language, so it addresses the same level of abstraction as something like Brook+ or CUDA,” says Harrell. “You can see both of those tools evolving to meet that programming specification and, while it’s not yet complete, OpenCL already looks quite similar to what we already have.”
While Apple has led the charge on OpenCL, the company has turned the effort over to the Khronos Group to manage as an open standard. In a statement released yesterday, Khronos confirmed its leadership of the effort and announced an impressive array of consumer and computational hardware partners, including AMD, ARM, Ericsson, IBM, Intel, Nokia, NVIDIA, and Samsung, among others.
Neil Trevett, president of the Khronos Group, said in Monday’s statement that “this initiative is aimed at both desktop and embedded devices — the day when you will be able to hold a supercomputer in the palm of your hand is perhaps not so far away.”


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Kylie Jenner Is "Obsessed" With This New Take On An OG Candy
Kylie Jenner is kicking off 2021 by adding "candy taster" to her resume. In an Instagram Story shared on Friday, Jan. 8, the Keeping Up With the Kardashians personality shared multiple videos of her and BFF Stassie Karanikolaou trying Nerds Gummy Clusters for the first time — and Jenner had zero chill fangirling over the sweets. If you want to keep up with the lip kit mogul's faves, here's where to buy Nerds Gummy Clusters and get some "next level" candy in your life.
Nerds Gummy Clusters have actually been around for a few months, since their August 2020 release gave fans a textural twist on the original candy, but Jenner's gummy clusters hype video has brought them front and center again. Made with the Nerds Rainbow flavor, the Nerds Gummy Clusters are comprised of a red sweet and gummy middle surrounded by tangy and crunch nerds.
On Jan. 8, Jenner decided to review the new clusters one day after giving M&M's Fudge Brownie flavor a try (she gave them an eight out of 10, FYI), and it's clear she's a big fan of the combination of sweet and tart flavors and the different textures.
In one video shared to her Instagram Story, the makeup mogul proclaims, "These Nerd Gummy Clusters are next level." In a second, slightly more hilarious video, Jenner can be heard whispering, “I’m obsessed,” as she slowly caresses the candies in her hands in a totally non-creepy way.
She also compares the new candy to another popular Nerds product: the Nerds Rope, which is basically a long piece of gelatin gummy candy covered in crunchy rainbow Nerds. The candy quickly became a popular offering when it was introduced in the mid-'90s, and now comes in flavors like Very Berry and Tropical in addition to the classic Rainbow.
Unsurprisingly, her intense reaction might pique your curiosity if you haven't tried the candies already. Thankfully, you can easily get your hands on Nerds Gummy Clusters, which are currently available in a 3-ounce share pouch for between $1.29 and $2.09, a 3-ounce value peg for $1, or a 3-ounce theater box for between 99 cents and $1.49. You can also get a 5-ounce medium peg for $1.89 to $2.49, or an 8-ounce stand-up bag for between $2.49 and $3.99. You can purchase the candy at a variety of national retailers, including Walgreens, Amazon, and Walmart.
Before you buy, you might want to go to the Nerds website to check for availability before heading out on a grocery run, in line with the coronavirus safety recommendations from the Centers for Disease Control and Prevention (CDC) as of Dec. 31, which cautions against unnecessary errands. From there, you'll see the option to purchase different sizes of the candy online or in-store based on locations near your zip code. If you do decide to pick up your candy in store, make sure to wear a mask and practice social distancing when coming into contact with others. It's also important to wash or sanitize your hands when leaving the store or after handling your candy packaging.
If you think you’re showing symptoms of coronavirus, which include fever, shortness of breath, and cough, call your doctor before going to get tested. If you’re anxious about the virus’s spread in your community, visit the CDC for up-to-date information and resources, or seek out mental health support. You can find all Elite Daily's coverage of coronavirus here.


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Kinder Morgan says it will proceed with the $7.4-billion Trans Mountain pipeline expansion as long as it secures satisfactory financing for the project through its initial public offering.
Premier Kathleen Wynne is making no apologies for the Liberals' 25 per cent hydro rate cuts that a legislative watchdog warns will cost at least $21 billion over the next three decades.
Distributed ledger technology, a new approach for processing transactions that is being widely tested across the financial industry, is not yet mature enough to run a national interbank payment settlement system, the Bank of Canada said on Thursday.
Tembec Inc. has agreed to a takeover offer from Rayonier Advanced Materials in an $807-million (U.S.) friendly deal that further thins out the ranks of Canada's publicly-traded forest products companies.
OTTAWA - Canada will play host to next year's meeting of G7 leaders at a remote luxury resort in the Charlevoix region of Quebec, The Canadian Press has learned.


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As important as development assistance and debt relief are, no African person or government wants to rely on foreign aid for the provision of basic needs. Africans want a fairer system which lets them trade with the rich nations and earn more money, so they can grow their economies and pay for their own education and healthcare. But instead of earning more money to invest in improving the lives of their people, Africa has been earning less and less. In 1980 Africa had a 6% share of world trade. By 2002 this had dropped to just 2% despite the fact that Africa has 12 % of the world's population. If Africa could regain just an additional 1% share of global trade, it would earn $70 billion more in exports each year - several times more than what the region currently receives in foreign aid.
Rich countries are very interested in talking about the importance of trade as the primary motor of economic growth in developing countries, yet there's been no real action because these rich countries heavily protect their own markets against exports from the poorest countries through import duties and quotas. Furthermore rich countries continue to subsidize their own agricultural sectors to the tune of a billion dollars a day, making it impossible for African farmers to compete internationally. What rich countries fail to realize is that fairer trade is not just an opportunity for Africa but for the all countries—even them.
Africans in turn know they need to diversify their exports from unprofitable basic crops such as coffee and cocoa and into products which earn more money such as clothes, textiles and manufactured goods. But Africans could also earn more from basic crops if they were allowed to process these for export. For example Ghana can export raw cocoa duty free to Europe, but a 25% tariff is imposed if they process that cocoa before exporting it to Europe. It is this processing (tinning, roasting, labeling) which helps a country earn more money and develop its manufacturing base - and which allows its economy to grow. While fair trade could be Africa's ticket out of the vicious cycles of poverty, unfair trade rules like these trap Africa at the gates.
These double standards have to end. It is important to have rules - but not ones only written by the rich. The World Trade Organization (WTO) is the place where these rules are written. But of the 38 African nations which are members of the WTO, 15 nations have no representative at all at the headquarters in Geneva, and 4 nations have an office of only one person. Most rich nations have dozens of staff to protect their trading interests.
WHAT MUST HAPPEN
The richest nations must open their markets quota and duty free to African exports and remove agricultural subsidies which hurt African farmers.
African countries must be allowed to harness the power of trade in their own way to maximize poverty alleviation and economic growth - there is no "cookie-cutter" trade policy to force on poor countries.


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"In our view, Coach may have been better served keeping its sole focus on its own transformation," Jefferies analyst Randal Konik wrote in a note to investors. While Konik has reported signs of progress, he says Coach still has a way to go.
Read MoreLuxury brands missing out on this social network
As part of its plan to revive U.S. sales, Coach is attempting to capture a more fashion-savvy customer and recover its pricing power. It's also hoping to evolve from a brand known for its handbags to one offering a "lifestyle" spanning multiple categories.
The latter strategy includes growing its footwear category, which currently accounts for about 10 percent of sales, according to Sterne Agee analyst Ike Boruchow.
"Under normal circumstances, a leading American handbag brand acquiring a leading footwear brand would be a reasonable strategy, but Coach may have too many balls in the air right now," Boruchow said.
Read MoreHey, big spender: Luxe buyer not who you may think
Stuart Weitzman's sales were around $300 million for the 12 months ended September. While that's nothing to scoff at, Wells Fargo analyst Paul Lejuez said "it will be difficult to make a meaningful impact on Coach's overall results," which ring in near $4 billion annually.


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Kalamba Games Partners QTech Games for Asian Expansion
Online casino content supplier Kalamba Games has teamed up with QTech Games in a partnership that saw the former integrate its Remote Gaming Server with the latter.
This latest partnership announced by Kalamba has enabled the provider to enhance its market presence in Asia and emerging markets as part of its strategy to constantly grow its footprint.
QTech specializes in the distribution of casino-style online gaming content across Asian markets where digital gambling has been particularly popular in recent years. Through its in-house platform the company suppliers its network of operator partners with diverse titles via a quick integration.
QTech recently announced its merger with Epic Media, a games reseller that is led by a duo of online gambling industry experts. The deal is set to bolster the position of the content distributor’s platform at the forefront of delivering high-quality online casino games across emerging markets.
QTech’s platform now includes online casino games from Kalamba. With an office in Malta and a development studio in Krakow, Poland, Kalamba produces and supplies content to both real money and social casino operators.
Aside from a number of Asian markets, the content supplier will also be able to expand its footprint in CIS and Latin American markets where QTech boasts solid presence.
Through its latest partnership, Kalamba has made another important step toward further developing its Remote Gaming Server, which is anticipated to be fully launched later this year.
The Ideal Partner
Commenting on teaming up with QTech, Kalamba Head of Sales and Account Management Tamas Kusztos said that their new partner is “a market leader in the Asian market and the ideal partner for us as we look to establish ourselves in the region.”
Mr. Kusztos went on that the team behind QTech “has been really great to work with” and that they are pleased “to be continuing to make positive steps despite current global difficulties.”
QTech CCO Ulf Norder praised Kalamba, saying that it is one of “the most exciting slots developers around with innovative mechanics and features that are very suited for the Asian player.”
Mr. Norder also noted that Kalamba’s Remote Gaming Server is a great addition to their already exciting offering.
QTech’s platform offers various marketing tools, including tournaments and rewards promotions, as well as back-end support such as reporting and responsible gaming tools, and a pretty unique games lobby.
Last month, Kalamba announced that it has partnered up casino games and content aggregator supplier Spinomenal. The deal saw Spinomenal integrate its games portfolio to Kalamba’s Remote Gaming Server product as demand for cross-platform online casino offering has been on the rise.
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Ukraine starts sending containers with raspberries to USA, Canada
Ukrainian exporters in 2021 for the first time sent one sea container with frozen raspberries to the United States and Canada. This event is important for domestic producers, since this berry is traditionally more expensive in the markets of these countries than in other regions of the world.
As reported on the website of the Ukrainian Horticultural Association (UHA) on Monday, the importance of this event for the development of production and freezing of berries in Ukraine is explained by the high level of requirements for product quality and logistics, which were successfully overcome by Ukrainian suppliers this year.
"One shipment of raspberries was sent to Canada and the United States in the amount of one sea container. The logistics took about one and a half months, and the buyer was satisfied with the quality of the supplied products and is considering the possibility of continuing cooperation with Ukrainian suppliers on an ongoing basis," the association said.
The association said that the higher import price for berries in the United States and Canada is due to high requirements for the quality of products, for the confirmation of which Ukrainian exporters have been certified by the FDA (The U.S. Food and Drug Administration).
"The United States and Canada account for about 80% of all global imports of frozen raspberries in value terms and about 65% in physical terms. However, Ukraine has traditionally exported frozen raspberries mainly to Poland, which makes good money on the re-export of Ukrainian raspberries to other countries of the world," the organization said, citing Economist of the Investment Department of the Food and Agriculture Organization of the United Nations (FAO) Andriy Yarmak.
According to the UHA, the United States imports frozen raspberries from Chile, Mexico and Serbia, and Canada from Chile, Serbia, the United States and Mexico.
The approximate carrying capacity of a standard 40-foot sea container is 27 tonnes.


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Some experts have predicted we could see another 100% increase in gas prices. How might such a substantial rocketing of such an essential part of everyday life and business impact the markets and investors?
Gas Price Forecasts
Analysts expect that gas prices could double in the weeks ahead. That would push them to all new historic highs. Far, far more than we’ve seen before.
National averages could potentially hit $7 according to some predictions. Up from just in the $3 range in February 2022. Though some parts of California have already been seeing nearly $8 a gallon since 2021.
Trading Economics predicts we could see a nosedive in gas prices within the next few weeks, back down to the mid $2 range. Though various factors, including the Russia and Ukraine situation seem unlikely to support that.
So, what might even $5 to $16 a gallon gas mean?
Compounding Inflation Trends
Even a 50% lift in gas prices is on top of similar increases last year.
That is on top of similar inflation across everything from raw materials, like lumber which is already up 100%, to insurances which have also been increasing by around 30%, and everyday items.
Gas prices impact everything from manufacturing and production to getting inventory to warehouses and retail stores, to end delivery and operations. It could easily mean compounding recent inflation trends, and multiplying the impact.
It is also worth noting that the previous high for gas according to the US Energy Information Administration came just a few months before the 2008 financial crisis.
Compounding Supply Chain Issues
Since gas is still the primary fuel for moving things, a huge spike in gas prices could certainly impact the movement of things, from ships to trucks to automobiles.
It could be another reason for a lag on a wide variety of supplies from building materials to daily living essentials, and of course a wide variety of consumer products
Stocks and crypto have already proven not to be handling the situation well, or predictably. Even precious metals haven’t behaved as many investors would expect.
These are certainly driving factors for why so many individuals and institutional investors are committing billions to real estate markets. They crave the downside protection, hard collateral, and consistent cash flow.
It is also well known that in the right price ranges, rental housing can benefit from upswings in the economy, as well as being recession resistant and experiencing more demand during financial crunches. Which many households will certainly face if prices keep on rising.
Success in this area may still heavily rely on the right connections, and relationships with contractors and suppliers due to the above potential challenges. Yet, there does undoubtedly seem to be more upside potential, with a strong foundation for investors in this space.


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Apple Stock Reach $600 After Release of iPad 3 Reviews
This morning, Apple stock (AAPL) opened at $600 and reached a high of $600.01.
Last night, iPad 3 reviews were released after media embargo ended.
Apple shares were $500 last month, and $600 today for the first time ever, Macrumors noticed.
Apple’s stock price was $405 on January 1 2012, so that is close to 50% increase in 3.5 months. The growth is especially impressive for the largest company in the world, since many other PC companies are failing due to “bad economy”.


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Yesterday I wrote about the announcement that Macys was closing about a third of its stores including the flagship store in San Francisco. What I tried to point out is that even if the closure of this store had more to do with corporate problems at Macys and a general trend toward online shopping which has impacted all brick and mortar stores, it's still bad news for the city.
Regardless of why the store was closing (Macys cited "flagging sales") the fact remains that losing a major store downtown that employed 400 people is one more step in SF's ongoing doom loop. Less foot traffic downtown means less sales for big stores like Macys or for a downtown shopping district in general.
But this being San Francisco I should have known that wasn't the entire story. Today, the SF Standard reports this particular store was also the victim of near-constant shoplifting because of course it was.
“It happens every day,” employee Steve Dalisay said.
Hanging up blazers in the Macy’s sixth-floor men’s department, Dalisay said blazers, wallets and boxer briefs are the items most frequently stolen from his department. He said thieves take at least four blazers every day, adding that he typically sees about 10 wallets and 20 briefs stolen daily...
In the fourth-floor women's department, another employee who has been working at the Union Square Macy’s for more than 10 years insisted that theft and lower sales were the driving forces behind the closure.
“It’s the theft, and that people aren’t coming in,” said the worker, who did not want to be identified because employees aren't allowed to speak to reporters. "Basically, the same thing that happened to the Nordstrom is happening to us.”
Yet another employees said shoplifters fell into two basic categories. First were the drug-addicts who seemed to be targeting specific items. The employee said he had learned that these shoplifters often worked with a fence on the outside who would give the addicts lists of items they wanted to see boosted.
The other category were groups of teens who came in and carried out merchandise in brazen thefts. The teens tended to target the store's stock of perfume and sun glasses. He noted that one teen had recently gotten away with Fendi sunglasses valued at $2,000.
These claims were backed up by two more employees, one of whom said the rampant theft was contributing toward the need to close the store. The other said she sees something like a dozen instances of shoplifting per day.
Macys wouldn't give out any specific information about the San Francisco flagship store but one employee said he'd been told last year that the losses added up to millions over the year.
So that's what is really happening at this store. Like so many others in the city, it is being targeted by shoplifters on a daily basis. That's clearly not the only factor behind the decision to close this store but it must be a factor the company has considered.
Meanwhile, Mayor London Breed was out yesterday assuring people that the closure had nothing to do with crime downtown. Who are you going to believe, the Mayor running for reelection or the store employees who work there?


text: Dogecoin (DOGE-USD) pushes higher after Elon Musk is positive on the cryptocurrency once again. "Working with Doge devs to improve system transaction efficiency. Potentially promising," tweets Musk. Dogecoin is up 29.98% to $0.53 on 24-hour volume of $21.5B. The market cap of Dogecoin is just over $68B, which makes it more valuable than Moderna, MetLife and General Dynamics at the moment. Meanwhile, Tesla (TSLA) is up 2.88% on the day due largely to some investor optimism on a new battery supply deal in China. Some analysts think the cryptocurrency confusion from Musk and Tesla over the last week has weighed on the stock's valuation.


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Phoenix, AZ, Dec. 06, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Rudolph Coin ($RUDOLPH) went live and started paying rewards to token holders. The event marks the release of the Christmas-themed token offering cashback in BUSD. The project had already paid $171,655 to its coin holders at the time of writing.
Additionally, Rudolph Coin aims to test the emerging NFT market. Soon, the team will announce plans for an NFT-minting feature and airdrops of rare non-fungible tokens. Until then, the project will donate to charity as part of its Christmas merchandise sale promotion.
Rudolph Coin in a Nutshell
$RUDOLPH is a hyper-deflationary token with the automatic distribution. Investors can purchase and hold onto it for up to 9% cashback rewards. The Rudolph platform pays these gains in BUSD, the native coin of Binance Smart Chain, directly into the holders’ wallets.
The Rudolph Coin project was launched at the beginning of November 2021 as part of a wave of Christmas-themed tokens. And, while its development continues, the protocol went live on the last day of November. Recently, $RUDOLPH obtained successful listings on Coinmarketcap and CoinGecko, which rewarded it with a 2,500% value surge.
The coin features a taxing mechanism that takes 15% of each transaction and distributes it like this:
- Holders Rewards – 9%
- Liquidity Fees – 2%
- Buy Back/Burn – 3%
- Marketing Wallet – 1%
Every time the system registers a BUY, SELL, or TRANSFER transaction, it redistributes 9% of it to token holders. This way, users can earn passive income without extensive trading.
Additionally, the Rudolph team is offering milestone rewards as a bonus:
- $2,500 will go to 1 lucky holder when the asset reaches $2.5 million in market cap.
- $5,000 will go to 1 lucky token holder when the asset reaches $5 million in market cap.
Rudolph Coin celebrates the upcoming holidays by selling branded merchandise on its website. Next, it will donate all the revenue from the sales to the “Feed the Children” charity organization. Furthermore, the Rudolph team will match the amount generated from merchandise sales and donate the same amount.
Rudolph will reward all investors by doing a giveaway of 10 BNB in rewards to holders holding 0.5 BNB worth of tokens.
Future Rudolph NFT Plans
The Rudolph team is working on a P2E (play-to-earn) game that will involve non-fungible tokens. The developers will work with artists to create rare NFTs and airdrop them to their most loyal token holders. Furthermore, players will mint their own NFTs within this game.
For now, $RUDOLPH holders can play Magic Forest, a P2P mobile game, which recently added Rudolph as a playable character. This collaboration between Rudolph Coin and Magic Forest should increase the token’s popularity and attract more investors.
The Rudolph Team is available at:


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- Ports in New Jersey and New York, in addition to in Texas and Georgia, have noticed checklist pileups.
- Turnaround time for container ships has larger around the nation.
- Southern California ports face the best delays as they maintain just about part of all US imports.
Delivery delays are piling up around the nation as a couple of US ports hit record backlogs.
As the most important supply of imports in the USA — accountable for just about part of all incoming items — Southern California ports have gained in style consideration. The ports have over 60 hulking cargo ships line up alongside the shore ready to dock and dump. However, a number of smaller ports also are feeling the pinch.
Within the Port of Savannah — the fourth biggest US port — over 20 container ships are ready to dock. The port has hit multiple records this yr for the choice of container ships that experience handed throughout the location. In July, Associated Press reported that the port moved 5.3 million 20-foot boxes in a fiscal yr — essentially the most the positioning has ever encountered in one yr.
Georgia Ports Authority didn’t reply to a request for remark from Insider, however Govt Director of the Georgia Ports Authority Griff Lynch told The Wall Street Journal that the growth in e-commerce has contributed to the backlog of shipment ships.
“On account of all this additional freight being imported, it is making a backlog from the send facet to the dock facet to warehouses and throughout the entire delivery chain,” Lynch informed The Magazine.
Previous this week, Georgia Ports Authority authorized a $34 million plan to assist remedy the port delays via including area to incorporate any other 1.6 million 20-foot transport boxes.
Emerging shipment volumes transferring via smaller ports display how diverting site visitors from Southern California isn’t a viable choice
In August, Port Houston set a brand new checklist for the choice of transport boxes that went throughout the port over the process the month as over 320,000 20-foot boxes handed throughout the location — a host 29% upper than the similar time the yr prior to, when transport ranges had been already spiking. A Port Houston spokesperson didn’t reply to a request for remark, however the workforce addressed the brand new checklist in a press liberate previous this month.
“We think increased ranges within the delivery chain to proceed smartly into 2022 and can proceed to discover alternatives together with accelerating an already competitive capital funding technique for our terminals to stick in entrance of the call for,” mentioned Roger Guenther, government director at Port Houston.
The Port of New Jersey and New York, which handles nearly all of imports to the East Coast, hit a checklist choice of shipment for its thirteenth consecutive month in August. Over 780,000 transport boxes handed throughout the port that month, consistent with a press release. Previous this week, the Port of New York and New Jersey had 9 cargo ships at anchor, however a port spokesperson informed Insider the entire ships had been anticipated to dock inside of 48 hours.
“There are not any exertions shortages or important transport backlogs. The vast majority of the ships anchored off the coast of the Port of New York and New Jersey are oil tankers that don’t name at Port Authority of New York and New Jersey amenities,” the spokesperson informed Insider. “All the way through September, and all over the pandemic, the port has carried out extremely smartly in holding the availability chain transferring all over the area, in addition to shipment sure for the Midwest by means of rail.”
Regardless of record-breaking ranges in smaller ports, Southern California ports nonetheless face the best backlogs
A record from the RBC Capital Markets and Orbital Perception that analyzed the highest 22 maximum influential ports on this planet discovered that 77% of the places had produced above reasonable wait occasions this yr. It discovered that the ports in Southern California had essentially the most inefficient wait occasions of another most sensible port on this planet. The turnaround time for a container within the ports just about doubled in 2021 as in comparison to averages noticed in 2017 via 2019.
The time it takes for a boat to go into the port and dump larger from 3.6 days to six.4 days within the Southern California ports — just about 5 days longer than a number of ports in Asia which function 24/7. What is extra, wait occasions on the port have not too long ago exploded, with some boats waiting as long as three weeks prior to they may be able to dock.
By contrast, ranges at East Coast ports had been extra strong as New York and New Jersey, in addition to Port Houston ports, most effective noticed a median building up identical to 1 / 4 of an afternoon. The find out about didn’t take the Port of Savannah into account.
The find out about known the best issue at Lengthy Seaside and Los Angeles ports because the loss of foot site visitors which stays 28% under pre-pandemic ranges.
“We had been in a position to quantify the stage of the employee scarcity that takes position via measuring foot site visitors,” Mike Tran, managing director of worldwide power technique and virtual intelligence technique at RBC Capital Markets, informed Insider. “Container ships are sporting about 30% extra items, because of this extra to dump, however now they have got to do it with 28% much less other folks.”
Tran informed Insider that the one method he sees the supply-chain disaster resolving itself can be if other folks restricted the quantity of products they bought — an not going end result bearing in mind the upcoming vacation buying groceries season paired with many companies’ need to restore depleted inventory ranges.