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Bingo Wholesale AKA “The Kosher Costco” Opens in Five Towns
Bingo, a kosher grocery store that touts itself as a wholesale club without the membership fees for Kosher products has finally opened in the Five Towns. Their slogan: No tricks, no shticks.
Adding to its three locations, Bingo Wholesale announced they were coming to Long Island in 2022, its first location here. Already, the wholesaler has stores in Brooklyn, as well as Lakewood, NJ and Spring Valley, NY.
The grocery store is opening in a 62,000-sq-ft space in Inwood in the Burnside Commons shopping plaza at 603 Burnside Avenue. The location was formerly a Stop & Shop.
A report in the LI Herald says that the store was set to open on February 12th but calls to the store location have gone unanswered.
Bingo Wholesale is a subsidiary of Israeli supermarket chain Osher Ad.
While shoppers do not have to be members to take advantage of Bingo’s low prices, they encourage members to sign up to receive special discounts and coupons.
📷 One of the Bingo Wholesale grocery stores. Bingo Wholesale Facebook page.


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Before the official kick off of Google IO 2013, Google Developers site has confirmed the Android 4.3. Not its slighlty lower than confirmed that Android 4.3 is coming and just minutes away from official announcement. Just check out the pic snipped from Google Search Results:
Similarly an hour ago Google Maps new layout gets leaked as Googlers were trying to finalize all the things for it. First they unloaded the new look and than pulled out.

domain: news


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Tsedal Neeley and Ritcha Ranjan Join Brightcove’s Board of Directors
Bringing expertise in remote work, digital transformation and technology, the new members will help guide Brightcove to the next stage of growth
Brightcove Inc., the world’s leading video technology platform, announced the appointment of two new members to its board of directors, Tsedal Neeley of Harvard Business School and Ritcha Gupta Ranjan of Google.
Dr. Tsedal Neeley has been a professor at the Harvard Business School since 2007 and has been the Naylor Fitzhugh Professor of Business Administration at the Harvard Business School since 2018. Dr. Neeley heads the required Leadership and Organizational Behavior course in the MBA program and co-chairs the executive offering, Leading Global Businesses. Dr. Neeley has also chaired faculty recruitment. She serves on the Board of Directors of Harvard Business Publishing, the Partnership Inc., and is a member of Rakuten Inc.’s Advisory Board. Dr. Neeley is the author of several books, articles, and cases focused on the virtualization of work, globalization, and digital transformation. She received her B.A. in Communication from Boston College, an Ed.M. in Human Development Psychology from Harvard University and a Ph.D. from Stanford University in Management Science and Engineering, specializing in Work, Technology, and Organizations.
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Ritcha Ranjan is the Director of Product Management for Google Finance. While at Google, she has also worked on GSuite, Google Wallet, Adwords Editor, and Mobile search products. In particular, she was the director of the product management team that took Google Docs, Sheets, Slides, Sites and Keep from consumer and education-focused products to one used by enterprises all over the world, helping them with their digital transformation. Ritcha is a co-founder of an educational not for profit company, Five Pumpkins, and has previously worked at Microsoft in the Speech Group, leading the Speech SDK product management team and Yahoo! as a Product Marketing Manager. She holds several patents and has won a Google Founder’s Award for her product work. Ritcha currently serves on the Product Management Hiring Committee and Promotion Committee at Google. She has an MBA from the Harvard Business School and a degree in Systems Engineering from the University of Waterloo in Canada.
“I am thrilled to join the Brightcove board of directors at a time when the opportunities for using video have never been more important,” said Neeley. “With the unprecedented virtualization of the world and digital transformation of industries, Brightcove is poised to connect people with stellar digital tools at scale. I look forward to working alongside my fellow board members to ensure Brightcove continues to lead the way in connecting people globally.”
“With Brightcove’s established reputation, the breadth of its products and solutions, and broad customer base, it is set up for long-term success,” said Ranjan. “Technology is rapidly evolving to connect people around the world and with video now engrained into our everyday lives through entertainment, work, and education, we need to democratize it for the masses. I am delighted to join Brightcove’s board of directors to help guide the company to deliver the best video technology products and solutions to the market, ensuring the best experience for all viewers.”
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“This is a pivotal moment in history where the world is undergoing a rapid digital transformation, and Brightcove is at the forefront, enabling companies to continue to work effectively through video,” said Jeff Ray, CEO, Brightcove. “We are thrilled to add Tsedal and Ritcha to our board of directors. By bringing progressive, forward-thinking ideas and deep technical expertise, they both will help Brightcove build and scale, enabling our company to best serve our customers and the video industry.”
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Although the majority of smartphone users prefer to communicate via messenger applications, many of them are also fond of making phone calls.
Some of the applications are available both on the iPhone, Android, or BlackBerry can be used for free calling [...]
Samsung Indonesia introduced the world’s first audio dock that combines digital and analog technology, and made specifically for the Samsung Galaxy.
South Korean manufacturer combines the sharpness and clarity of the sound of the Digital [...]
Easy to find because it is positioned right next to the “Like”
Facebook are testing the “Reply” button at the comments posted on the Timeline each user, say a Facebook spokesperson told Mashable last weekend.
Sony’s new hero class ‘affordable’ has arrived in Indonesia. Products named Xperia E is available in a single version of the SIM and dual-SIM.
One feature that is favored is HD Voice, where its function is to clear up the sound when [...]
The issue of global warming causing many manufacturers to make devices that are environmentally friendly. Including one replacement power source for electricity with renewable sources or unlimited.
This one device seems to be an environmentally friendly [...]
Sony is believed to introduce a new generation console, the PlayStation 4, at an event to be held on February 20, 2013.
This info comes after Sony released a teaser in the form of video, the Japanese manufacturer indicated there would be a new console [...]
Three of the four phones sold in the world-system Android
Every day the number and types of smartphones is increasing. Choose the one that suits the needs of each person, require adequate information about the technology, features, and operating system. [...]
You are one of those who dreamed of adventure and find treasures from the past? Google may be able to realize the dream.
Quoted from Slashgear, Monday (1/4), Google Maps Street View Team reportedly managed to find a treasure map of William ‘Captain’ [...]
Good news for all you lovers of the game The Sims. Electronic Arts officially announced that The Sims 4 ready to be released in 2014.
Quoted from Ubergizmo, Tuesday (7/5), EA sure about human life simulation game is being developed for PC and Mac.
AMD re-introduce the newest graphics cards in the Radeon HD 7000 series.
The product this time called the Radeon HD 7790 is for gamers middle class because the price is cheap, which is about $130,99 US dollars.
Although cheap, the graphics card is claimed [...]
Here are a few smartphones that fit when used by women. Here’s the short list.
1. Sony Xperia U (Pink / Yellow)
Xperia U is not reserved for women. But the bottom cap colors yellow and pink can make a choice. About the specs, the smartphone is [...]


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Network quality won't be the only issue for iPhone buyers trying to decide between AT&T Inc. T -3.00 % and Verizon Wireless when the smartphone becomes available to a second U.S. carrier. The technology behind their high-speed networks matters, too.
The cellular network of AT&T, the current iPhone provider, runs on a standard called UMTS. Verizon's uses something called CDMA, and that will make a difference in how the phones work.
Most notably, Verizon customers aren't able to surf the Web or exchange email while they're talking on their phone. That sort of on-the-go multitasking—which AT&T and iPhone maker Apple Inc. AAPL -0.39 % have touted in advertising—might seem a little much to many people, but it's often what iPhone users are signing up for.
Verizon Wireless is working on providing that capability, said Verizon executive Brian Higgins. He wouldn't say when it will be ready, but played down the need for handling voice and data at the same time.
"I think there are fringe cases where something like that could be important," Mr. Higgins said. "For a vast majority of customers, I don't think it's a terribly important use case."
AT&T's network, meanwhile, lets users continue a voice call while updating their Facebook pages or checking Google Maps. "When it comes to the smartphones, it's a big deal," said AT&T executive Dave Wolter.
There are other differences, too. CDMA is widely used in the U.S., but less so elsewhere in the world, so Verizon iPhone customers wouldn't be able to use their phones in many parts of Europe and Asia. CDMA devices also tend to chew through battery life faster.
How these considerations factor into buying decisions will have to be seen. Joel Blaiberg has held on to his aging iPhone 3G, because he didn't want to upgrade and lock himself into another two-year contract with AT&T. The 39-year-old software product manager in Teaneck, N.J., who had switched to AT&T when he bought his iPhone, has instead been waiting for Verizon Wireless to get the device.
"The day Verizon gets the iPhone, I'm switching back," Mr. Blaiberg said. "I understand the limitations…It's not enough to deter me from going back to Verizon."
Apple is close to mass producing a CDMA version of the iPhone that Verizon will carry early next year, according to people familiar with the matter. Mr. Blaiberg isn't the only iPhone user who would consider jumping. A September survey of 1,645 AT&T iPhone users by Credit Suisse found that 23% would switch to Verizon if given the chance.
That sentiment is typically rooted in the belief, found repeatedly in surveys done by Consumer Reports, that Verizon's network is more reliable.
AT&T has worked to improve its network this year, though it acknowledges it still isn't up to its standards in some places, notably San Francisco. The carrier says a loss of exclusivity wouldn't cause major subscriber losses, as many are tied into family and business plans.
In the U.S., Verizon and Sprint Nextel Corp. S -2.53 % run on CDMA, which stands for code division multiple access. The technology was developed by the U.S. military and commercialized by Qualcomm Inc. QCOM 0.88 %
AT&T and T-Mobile USA use UMTS, which stands for universal mobile telecommunications system and is the 3G version of the GSM global standard.
The inability to multitask can be traced to a decision years ago by the engineers developing CDMA to split voice and data traffic into separate signals, so they can't run both at once.
Now, they're working to overcome it. A solution that will allow CDMA networks to carry voice and data simultaneously will become commercially available in the first half of next year, said Brad Shewmake, spokesman for the CDMA Development Group, an industry organization.
Write to Roger Cheng at firstname.lastname@example.org


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On our main blog over at Bayside Chrysler Jeep Dodge, the Jeep Wrangler and the Cherokee placed first and second on the overall rankings of vehicles on the Cars.com
Cars.com has put out their annual American-Made Index for 2017 and the Jeep Wrangler and the Jeep Cherokee both placed high on the list among all the vehicles. The Cherokee ranked second and the Wrangler is the top spot on the list.
“As a descendant of the military Jeep that helped the Allies win World War II, the Jeep Wrangler already has strong American credentials,” said Joe Wiesenfelder, the Cars.com executive editor. “In Cars.com’s 2017 American Made Index, the Wrangler’s American roots prove as deep as its image. The SUV has been long been a Cars.com favorite for off-roaders and sun-lovers.”
The Cars.com American-Made Index is put together based on five key criteria. This includes assembly locations, domestic parts content, country of origin for the engine and the transmission, and the US factory employment. Using that info, Cars.com put together that the Wrangler 2-door is 74 percent American Made and the 4-door is 76 percent American Made. The Wrangler is currently being made in Toledo, Ohio.
“We are delighted to celebrate America’s most patriotic day with the news that Cars.com’s American-Made Index has ranked Jeep Wrangler and Cherokee as the two overall most-American vehicles for 2017,” said Mike Manley, Head of Jeep Brand FCA Global. “On this Fourth of July holiday we salute the dedicated employees who build Wrangler and Cherokee, as well as the loyal Jeep owners who drive them.”


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Millions of Aussies will soon be paying more for their internet, as some of the country’s biggest telcos hike the prices of their NBN plans.
Telstra, Optus, Aussie Broadband and Foxtel are among the internet providers that have announced price increases on their lower-speed NBN plans and reductions on some of their faster-speed plans, ahead of new wholesale prices kicking in.
More than 3.8 million Aussies have NBN 50 Mbps plans, according to the Australian Competition and Consumer Commission (ACCC), accounting for 44 per cent of the market. Meanwhile, about 1.5 million Aussies currently have NBN 25 Mbps plans.
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Telstra’s basic (NBN 25) and essential (NBN 50) plans will both increase by $5 per month. Its ultimate plan (NBN 250) will decrease by $6 per month. These changes will kick in from November 1.
Optus said some of its plans will go up by $5 per month for existing customers.
Aussie Broadband’s NBN 12, 25 and 50 plans will increase by $6 per month. Customers on faster-speed plans of 100 and above will see their prices drop.
Earlier this month, Foxtel increased the price of its NBN 50 plan by $10 a month and its NBN 100 plan by $5 a month.
TPG is yet to announce any pricing changes at the time of writing.
Why are internet prices increasing?
The ACCC recently accepted the NBC Co’s special access undertaking (SAU) variation. This will deliver a new approach to NBN wholesale pricing and sets the rules for how providers access the NBN.
Under the new pricing structure, wholesale prices on all but one plan will be reduced from December. The biggest price cuts will be to its 12 Mbps and 25 Mbps plans of $10 and $9, while its 1000 Mbps plan will be reduced by $10.
The 50 Mbps plan will see a $5 wholesale price increase, however, the NBN will increase the included data by 40 per cent.
The SAU is supposed to protect Aussies from sharp price increases. It will cap any annual increase to average wholesale prices to no more than the change in the Consumer Price Index (CPI).
Aussies urged to look at internet plan
Aussies are currently spending $78 per month, on average, on their broadband plan, according to recent Finder data.
More than one in five (22 per cent) said they didn’t believe they were getting good value on their broadband plan, while 10 per cent were unhappy with their broadband speed. But, despite this, just 13 per cent had switched plans in the past six months.
Finder utilities expert Mariam Gabaji urged Aussies to start looking at their internet plan now and make sure their speed was up to scratch.
“I would say the best time to compare NBN plans would be in December when there will be a clearer picture of the prices for different NBN providers because, right now, the changes are still kicking in,” Gabaji told Yahoo Finance.
Gabaji said NBN’s new wholesale pricing meant faster internet speed plans would go down in price, while low-speed plans would face price hikes.
“The difference [in price] between an NBN 50 plan and an NBN 100 plan will be even smaller. NBN 50, which has normally been the most popular NBN speed tier for Aussies, will go up in price,” she said.
Gabaji also encouraged Aussies to take advantage of any discounts offered by NBN providers over the next few months.
“A lot of [providers] offer ‘bring your own modem’ options as well, so it’s even easier to switch NBN plans. Once you’ve done your comparison, it takes only a few minutes to switch NBN providers,” Gabaji said.


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November marks Native American Heritage Month, and the Northern Cheyenne Tribe in Lame Deer have an even bigger reason to celebrate.
Sunday afternoon the Northern Cheyenne Ministerial Association put on a dedication celebration for their new Everything Beautiful Thrift Shop in Lame Deer.
The new $1.2 million thrift store took 4 1/2 years to complete and is set to open in the coming months. The thrift store was able to be completed through various grants and donations along with the eleven churches on the Northern Cheyenne Reservation, putting aside their differences to focus on the one big goal of creating the new thrift store.
The president of the Northern Cheyenne Ministerial Association Willis Busenitz says, "Working together with the different churches coming together and the board working together, you know we've had our differences but we always were committed to working together."
Along with the churches, several other foundations like the Montana Coal Board, First Interstate Bank and the Gianforte Foundation all donated to help create the new thrift store.
The current everything beautiful thrift store was opened in 2012 but manager Suzette Shreffler says the old and current store does more than just supply products for those in need.
"It's about connecting with the people. Everyday being able to come into work and be able to greet people and be able to recognize them and acknowledge them and to let them know their voices are heard that when they're struggling there's somebody there that hears them and hears their heart." says Shreffler
Busenitz says, "This project is a hand up, not a hand out. We have lots and lots of handouts on the reservation but our philosophy is a hand up and providing things at an affordable cost for people but not giving it out because it gives ownership when people do that."


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ManoMano UK launches new B2B offering
ManoMano UK, the online marketplace for DIY, home improvement and gardening, has launched a dedicated B2B offering in the UK.
Designed by and for trade professionals, ManoManoPro first launched in France in 2019 then rolled out to Spain and Italy in 2020.
The offering is being made available to all trade sectors including builders, carpenters, electricians, painters, plumbers, farmers, restaurant owners, garage owners and hotel managers.
Christian Raisson and Philippe de Chanville (pictured), co-founders of ManoMano, said: “Due to the unprecedented DIY and renovation boom over the last two years, 2022 is set to be the busiest year yet for UK trade professionals. With the launch of ManoManoPro, we aim to play our part in digitalising the €72 billion UK trade industry.
“Thanks to the power of our marketplace in combination with an offer designed by and dedicated to trade professionals, we are seeking to revolutionise the purchase experience and facilitate daily administrative tasks – helping to make the everyday lives of our Pro customers a little bit easier.”
Trade professionals who sign up to ManoManoPro will receive £20 for their first order with a value of over £200 with the code HELLOPRO.


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When Gov. Andrew Cuomo convened the wine, beer and spirits summit in Albany last fall, a consensus emerged: New York City should, and could, be a major market for all those products produced mostly in Upstate New York.
It seems like love for Finger Lakes wines, in particular, is spreading in the big city.
The Wall Street Journal reported Wednesday on a wine bar in the Forest Hills section of Queens that offers nothing but wines from Keuka Lake. It's even called Keuka Kafe a Wine Bar.
Meanwhile, a piece published today on wine-searcher.com raves about the quality of Finger Lakes wines particularly the whites like Riesling and Chardonnay, and references the NoMad restaurant in Manhattan, whose extensive wine list includes 30 Finger Lakes selections.
NoMad's wine director, Thomas Pastuszak, recently presented a seminar on the region's white wines at the inaugural Wine Symposium of the Finger Lakes in Geneva.
All of this comes after the Wine Spectator magazine published its first large-scale tasting-profile of Finger Lakes wines, with generally positive reviews.


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- Huw Hughes |
JD.com has reported a 20.9 percent increase in net revenues to 121.1 billion yuan (118 billion dollars) in the first quarter of 2019 compared to the same quarter last year.
Net service revenues at the company also rose to 12.4 billion yuan (1.9 billion dollars), an increase of 44 percent compared to the first quarter of 2018. JD.com now expects net revenues for the second quarter of 2019 be between 145 billion yuan and 150 billion yuan, representing a growth rate between 19 percent and 23 percent compared with the second quarter of 2018.
“JD.com’s focus on delivering the best and most trusted online retail experience to customers throughout China drove another strong performance for the first quarter,” Richard Liu, CEO of JD.com said in the report.
“We will continue to invest in key technologies and top industry talent as we work to reach an even broader customer base through cutting edge innovation. With our growing scale and increasingly efficient operations, JD.com remains well positioned to deliver strong shareholder value for the long term.”


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This independence day (74th Indian Independence Day), two taboo products came to the fore in unusual and conventional ways.
The conventional one first – adult diapers. I wrote about adult diaper brand Friends’ new campaign that utilizes the independence day-centric Azaadi Mubarak theme last week.
The other taboo product was sanitary napkins.
The unusual fillip came from our Prime Minister, who, while referring to his Government’s achievements, broke the taboo and spoke about menstrual hygiene and sanitary napkins (for the first time) in an independence day speech. It could also be seen as a symbolic freeing of the taboo topic.
The other unusual push was from the sanitary napkins brand, Niine. On 15th, Niine announced that it has partnered with the Rajasthan Royals IPL (men’s) team as a sponsor!
Previously, sportswomen have been the face of menstrual hygiene products.
PV Sindhu has been associated with Johnson & Johnson’s Stayfree, while Saina Nehwal has been a brand ambassador for another brand, Paree (she has also invested in the company).
Serena Williams has been the face of Tampax.
Most famously, WTA (Women’s Tennis Association) refused Tampax’s sponsorship in 1995 fearing ridicule!! “Initially, my reaction was that it would be good to have the money. But almost immediately I realized that the sport had the potential to be a laughingstock and just couldn’t afford to do it”, said WTA president of that time, Martina Navratilova!
Given this history, it is perhaps pathbreaking that Niine is the sponsor of a men’s cricket team!
The move, no doubt, forces men to see, take note and listen to messaging related to menstrual hygiene and sanitary napkins (given they form the majority of a/the team’s fan base). The increased visibility and awareness should help, sales-wise too, I presume.
We have come a long way since Doordarshan relegated sanitary napkin advertisements to the post-10PM slot!
The ultimate taboo-breaking would be a condom brand sponsoring an IPL team. And Manforce Condoms has been sponsoring Kings XI Punjab since 2015!


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Lookout and KDDI Team Up To Deliver Anti-Loss and Anti-Theft Services to Au Smartphone Customers
Lookout expands to Japan; KDDI selects Lookout to provide customers a single, easy-to-use solution to remotely locate, wipe, or lock a lost phone
Tokyo, JP & San Francisco, CA, USA — October 2, 2014 - KDDI and Lookout, the leading mobile security company, today announced a strategic partnership to deliver, award-winning device security to au’s millions of Android and iOS customers. With the commencement of the partnership, KDDI will become the only mobile operator in Japan to offer customers support for locating a missing iPhone through its customer support center. Lookout Mobile Security will also come pre-installed on all of KDDI Android phones moving forward.
"More than two million people in Japan already protect their phones with Lookout," said Jim Dolce, Lookout CEO. "This footprint, together with our newly formed partnership with KDDI, positions Lookout for continued expansion in this highly strategic market. We look forward to providing Japanese users the security needed to keep their devices and everything on them safe."
"Lookout is a leading device security provider and has provided anti-loss and anti-theft security solutions to more than 50 million smartphone users around the world, said Mr. Makoto Takahashi, KDDI senior vice president director. Today, smartphones are full of private and important information, and KDDI is well positioned to help customers who have lost their smartphones. KDDI has been working hard to provide a secure experience to its customers via au Smartpass, and we are confident that our customers will agree that this collaboration with Lookout’s products and KDDI’s customer support will satisfy the needs for advanced security.”
Phone loss and theft are some of the biggest challenges facing mobile users today. According to recent Lookout research, 1 in 5 Japanese smartphone owners have lost or misplaced their phone. With the highly personal information smartphones carry -- from banking records to mobile payment information to corporate email -- people are more concerned than ever to recover their phones. Excluding the cost of the physical device itself, Lookout’s research revealed that nearly half of Japanese smartphone owners would be at least somewhat likely to pay ¥30,000 just to recover the personal data off their phone.
The reality is, 28% of lost phone victims who were not able to recover their phone didn’t get it back because they didn’t think anything could be done. With Lookout, au customers can feel empowered with the tools needed to recover a lost device and safeguard the private information on their phones.
Functionality of Lookout for au
Find my phone: Instantly pinpoint a device’s exact location on a map.
Scream it: Sound a loud alarm on a device even if the sound settings are programmed to silent or vibrate.
Dead battery? No problem: au customers with registered Lookout accounts can automatically flag the last known location of a device so if the battery dies, the user has a better chance of getting it back.
Lock it down*: A free feature only to au customers, Lookout’s lock functionality allows users to remotely lock a device to block access to personal data.
Wipe it clean*: If the device is gone for good, remotely wipe it so private information doesn’t fall into the wrong hands.
iOS users can download Lookout Mobile Security via the Apple App Store.
*Android supported features only
Exclusive functionality for au customers
Customers with au Smart Pass and au Smart Support now have access to around the clock assistance to help them use Lookout to locate, lock*, and wipe* a phone that’s gone missing. Now, with KDDI and Lookout, customers have a simple way to find a missing phone. Users can call 113 on a mobile device or 0077-7-113 from a landline for assistance in finding a device.
With more than 40 million subscribers, KDDI is Japan's second- largest mobile operator. Furthermore, together with its subsidiaries, now KDDI is the only Japanese ICT solution company that provides comprehensive services for consumers and corporate clients. With services from fixed to mobile communications and solutions, "TELEHOUSE" data centers and broadcasting, KDDI aims to be a company that creates new styles for customer's lives and corporate activities from local communities to overseas with communication as its base. Please visit www.kddi.com/english/index.html


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Auto Replace Model Query
Sales of the second-generation KIA K900 sedan in the Russian market are scheduled for the first half of 2019. This was reported in Kia Motors Rus reporting "Avtostat" on Sunday.
It will clarify the dealership, and the new model will replace Quoris. The Kia K900 is available in Russia, one of the 2-liter gasoline engines: 3.3 V6 (248 hp) and 5.0 V8 (413 hp), which operate with an 8-speed automatic transmission.
More detailed information on cleanliness levels and prices will appear closer to the start date of the sale. According to Avtostat, 211 units of the KIA Quoris premium sedan were sold in Russia from January to September this year. Each year, 67.5% surged.


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Most Salvadorans do not agree with the government’s adoption of Bitcoin as legal tender and want the legislation repealed.
Many also said that they did not know how to use the digital currency and were suspicious of the project, according to a survey by the Central American University (UCA).
Bitcoin survey results
According to the El Salvador-based Jesuit university survey, at least 67.9% of the 1,281 people surveyed said they disagreed or strongly disagreed with the use of bitcoin as legal tender. Meanwhile, just over 32% of people said they agree on some level.
survey, conducted in August, also showed that 90% of people did not have a clear understanding of bitcoin. Another 80% said they had little or no confidence in its use, while 7 out of 10 thought that lawmakers should repeal the Bitcoin law.
What we can see in this survey, in addition to this broad rejection of the implementation of bitcoin as legal tender, is that for the first time we have seen significant disagreement between the population and the decisions made by the Legislative Assembly and the President. “Said the dean of the UCA, Andreu Oliva.
In addition, the survey revealed that the majority of Salvadorans believe that the main beneficiaries will be the wealthy, such as foreign investors, as well as government and business leaders. “re is a lot of concern about the possible negative effects of using bitcoin,” Oliva concluded.
Also read PayPal opens cryptocurrency trading services to UK customers
This would not be the first sign of dissent from the population. Last week, citizens took to the streets to protest the government’s decision. Previously, a group of citizens, led by opposition politician Jaime Guevara, filed a lawsuit against the country for adopting bitcoin as legal tender.
Meanwhile, despite the apparent population decline, the government is moving ahead with formalizing cryptocurrency as legal tender on September 7. Earlier this week, the Congress of El Salvador passed legislation to create a $ 150 million fund to facilitate conversions from Bitcoin to USD.
fund will help provide 200 crypto ATMs and 50 advice centers for the government’s “Chivo” digital wallet application that are installed in different parts of the country. According to President Nayib Bukele, users will be able to deposit and withdraw money without paying fees. government launched its first ad for the “Chivo” wallet earlier this week.
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at your own risk.


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SANTA MONICA, Calif., June 5, 2019 /PRNewswire/ -- Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, today announced that Christopher T. Young, Executive Vice President, Chief Financial Officer and Treasurer, will be presenting at the Barclays High Yield Bond & Syndicated Loan Conference in Colorado Springs, CO at 12:10 p.m. ET (9:10 a.m. PT) on Thursday, June 6, 2019.
The presentation will be made available to the public via live audio webcast, which can be accessed by visiting the investor relations section of Entravision's corporate website at http://www.entravision.com.
About Entravision Communications Corporation
Entravision is a diversified global media, advertising technology and data analytics company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision's portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations. Entravision's digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway's audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.
SOURCE Entravision Communications Corporation


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January 21, 2015 - Press Release
Allison Transmission Holdings Inc. has announced that it will celebrate its centennial throughout 2015 with a variety of special events and activities.
Tags: India, Allison Transmission, Hungary, Corporate Anniversaries
December 18, 2012 - Industry News
Mahindra & Mahindra announced it will buy Navistar Group's stake in their joint venture companies for approximately $33 million.
Tags: India, Navistar
We offer e-newsletters that deliver targeted news and information for the entire fleet industry.
The expert, Steve Carlson from Xantrex, will answer your questions
The expert, Brian Fletcher from Eaton, will answer your questions
AllFit Roller Bearings Made for Steer, Drive and Trailer Axles
Optronics Offers New Line of LED Directional Warning Lights
Dual Shield Protects Power Sources on Trucks
Truckers Post Available Capacity for Shippers on HaulHound


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Auto Trader has found a sharp year-on-year increase of 18-24 year olds looking at cars onsite.
Between 1 June and 20 September, 15% of the platform’s audience were aged 18-24 – equating to a staggering 5.7million people – compared to just 6% in the same period last year. Over a quarter (27%) of Auto Trader’s current audience are aged 25-34 years old.
The pandemic seems to have changed the attitude of many Gen-Z’ers who are now deciding to take to the roads earlier to avoid public transport and reduce risk of spreading coronavirus to family and loved ones.
This increased desire to buy a car in light of the situation is mirrored in the number of people now wanting to learn how to drive.
RED, the largest driving school in the UK, has reported a huge surge in demand for driving lessons. New learner activity on its website is over 100% higher than the same time last year. In the past four weeks alone, RED had 43,664 enquiries, compared to 17,500 for the same period last year, showing a 250% increase.
The average age of those passing their driving test in the UK is 23.73, according to the Department for Transport (DfT) and DVLA (2019/2020).
Demand for particular types of cars is also changing in light of the ongoing situation, with smaller cars increasing in desirability for commuting and nipping about. Hatchbacks on Auto Trader recorded the largest average price growth last week, increasing 11.5% for the same period last year.
Auto Trader’s Rory Reid says: “The pandemic has shifted young people’s views of car ownership and gotten them to hit the road earlier than usual, as they look to rely less on public transport and try to minimise risk of spreading coronavirus.
“This is great for the car industry overall as it opens up a new pool of buyers, and of course benefits the drivers themselves as they get far more freedom when travelling. It’s a great time to buy a car, as there’s an enormous range of make/models available, including electric cars and hybrids – an important consideration for Gen-Z’ers who are looking for more environmentally friendly options.”
Ian McIntosh, RED’s CEO says: “Since driving lessons resumed in England on 4th July, we have seen an unprecedented numbers of new customers wishing to learn to drive with RED. I’m pleased to say that we now have more than 1,400 driving instructors on the roads across the UK and they are flat-out working to meet this new demand which has come from the backlog of created by lockdown and a new wave of learners who are keen to get behind the wheel in order to minimise their time spent on public transport.”


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For most people getting through college life involves dedication, studying and lots of hard work. But if you ask the folks at Google they’ll tell you surviving the college years has nothing to do with hard work and everything to do with the Google machine. According to their new site College Tips By Google, Google suggests its products are the be all and end all to the problems facing today’s students.
Online tech resource Tech Crunch decided to compile a list of 16 products Google suggests students use, but with a small twist. Check out a few of the ways the online mag thinks students are really using Google’s college tips.
· Google Maps – Drunkenly find your way back to/from the frat house
· Google Docs – Get your classmates to do all the work for you, edit your name in at the end
· Google Hangouts – Have video chat sex with your girlfriend who’s studying abroad
· Google Places – Find the nearest place to buy red cups and ping pong balls
· Google Calendar – Ignore your alerts until you have 3 hours to write that 20 page paper
· Google Scholar – Cite books you never read, or don’t, plagiarizing is easier
· Google Advisor – Find the best 3rd credit card so you don’t run out of beer money
· Google Groups – Contribute nothing to the study group but read everyone else’s summaries
· Google Product Search – Buy your text books a week before finals
· Google Flight Search – Springbreak!!!
How do you use Google products?


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NETFLIX fans will be able to watch their favorite shows for less as the streaming giant is set to launch an ad-supported package.
A cheaper subscription option will launch on November 1, according to reports from the Wall Street Journal and Variety.
Netflix hasn’t confirmed how much the bundle will cost, but insiders have estimated it could be around £5.49.
The introduction of ads will allow Netflix to charge users less, in a bid to increase the number of subscribers, which fell for the first time in 10 years.
Some fans have been left with no choice but to cancel the service as the cost of living crisis hits.
It comes after the streaming giant raised the price of all its subscriptions earlier this year.
Netflix Basic and Standard plan prices increased by £1 per month, to £6.99 and £10.99 respectively.
A spokesman said the increase would allow it to “continue to invest in best-in-class British productions” and “offer a wide variety of selected quality programs and films” to customers.
The UK is Netflix’s largest production hub outside of the US and Canada, with a UK production budget of $1 billion in 2020.
The announcement makes the streaming platform the latest entertainment company to announce the introduction of ad-supported plans.
Disney+ has shared details about its plans to launch a cheaper ad-supported plan later this year.
Subscribers in the new paid tier will be required to watch up to four minutes of ads per hour as part of their viewing experience.
The cost of a Disney+ subscription has also risen, with annual customers seeing their bills jump from £59.99 to £79.90 a year.
Can I cancel my Netflix subscription?
If you are not satisfied with the price increase, you can consider canceling your Netflix subscription.
You can cancel your Netflix membership at any time and you will not be charged any additional fees for leaving.
If you cancel within your billing period, you will be able to use streaming services until it ends.
Customers who wish to terminate their contract or upgrade to a cheaper package can do so on the Netflix website by logging into their account.
TopCashback’s Abigail Yearley previously told The Sun that consumers should review their monthly subscriptions to save money.
She said: “We would advise consumers to be more diligent when signing up for subscriptions or memberships.
“It’s easy to get sucked into free trials and then continue to pay for services they aren’t using.
“While the costs of individual subscriptions may not seem like much each month, it all adds up in the long run.
“If you need to make some spending cuts, we recommend removing subscriptions that you can do without.”


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have announced a licensing partnership with children’s outdoor company, carter joey, for the children’s series, “
.” Rights granted include children’s outdoor backpacks, patch packs and adventure blankets within the U.S. and Canada. The first carter joey x Daniel Tiger products will launch later this year and will include a Sling Pack backpack and a patch pack that correlates with episodes of “Daniel Tiger’s Neighborhood.”
“We are thrilled to partner with carter joey, an exciting new startup on a mission to inspire families to be intentional with their time and be active, not busy,” says Kyra Halperin, co-vice president, consumer products, 9 Story. “carter joey will help families play out the learning themes of the series in their own backyards and bring the important themes to life off-screen.”
“We are delighted to have the honor of partnering with such a well-established and wholesome brand like Daniel Tiger,” says Damon
“We are excited to work with a fellow, like-minded, Pittsburgh-based brand to bring Daniel Tiger to children and families in a new way,” says Matt Shiels, vice president, business and legal affairs, Fred Rogers Productions. “Daniel and his friends model fun and adventure outdoors, and carter joey is a natural partner to bring that element to life.”
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R3: REQUIRED RETAIL READING
August 13, 2010
With all the major department stores having reported 2Q earnings, it’s clear that inventory positions are heading south. A look at the SIGMA overlay sums it up.
TODAY’S CALL OUT
With all the major department stores having reported 2Q earnings, we overlayed their SIGMA charts to see what the state of the industry looks like. Without exception, all four companies saw EBIT expansion and inventory management erode sequentially. Very simply put, inventory management (as defined by the spread between sales growth and inventory growth) has hit the wall. JCP is faring the worst on this metric, as the company sets up for a slowing top-line against growing inventory. KSS still appears to be managing its business with the most discipline, but SG&A investments leave the P&L with little room for error (and leverage on sales, at least for the next two quarters).
While we have been cautious on those that are reliant on mall traffic to drive top-line (vs. those that can drive sales via product innovation or fashion), we believe this is further confirmation that tough compares, lackluster demand, and building inventories could and should lead to earnings risk over the back half. In the near-term, we expect promotional cadence to pick up as retailers have become accustomed to managing risk on a very short time frame. Additionally, we expect to see increased volatility in both sentiment and fundamentals as the Street looks to grasp onto every data point trying to gage promotional activity, tax-free holiday impact, and overall traffic levels. The bottom line is that inventories look heavier than we’ve seen in over a year relative to expected demand.
- Eric Levine, Director
LEVINE’S LOW DOWN
- Kohl’s noted that its private and exclusive brands outperformed significantly during 2Q with overall penetration increasing by 300 bps year over year to 49.1%. The company’s three largest brands Apt 9, Croft & Barrow, and Sonoma combined for a 20% increase. Major exlcusive brands including Vera Wang, Food Network, and Elle were up over 30%.
- Keep an eye out for a collaboration between two iconic brands, Peanuts and Lacoste. The two are joining forces in the fall to commemorate the 60th anniversary of the Peanuts comic strip with an apparel offering. We suspect this is just the beginning of a big year for Peanuts, with both new ownership and the birthday celebration underway.
- After declaring intentions to be the largest specialty apparel retailer in the world and signing one of the most expensive 5th Avenue leases in history, UNIQLO is on the prowl for additional Manhattan sites. Word has it the Japanese value priced retailer has signed a lease for a 34th St location. New York remains the only domestic market for the brand.
More Footwear Production Shifts to the Indonesia As Labor Cost Rise Elsewhere - A number of athletic footwear brands have shifted part of their production to Indonesia this year as production costs in other parts of the world has been increasing, according to the Indonesian Footwear Association. These brands include Asics, Mizuno and New Balance. Indonesia exported $1.8 bn worth of goods in 2009 and he expected the figure will increase to $2 bn this year. Meanwhile, Adidas, which has also been aggressively expanding production in Indonesia, said the country, its third-biggest supplier, offered “abundant labor availability, good quality, competitive prices and political stability.” Although production here is growing rapidly, the company said the expansion will not happen at the expense of its top suppliers, China and Vietnam. <fashionnetasia.com>
Hedgeye Retail’s Take: Indonesia continues to be the single biggest beneficiary of rising costs in China and Vietnam for its footwear manufacturing base. Expect to see this shift continue until capacity maxes out and wage inflation begins to creep into this manufacturing base as well.
US International Trade Commission To Clear Tariffs on Woven Ribbon Imports from China and Taiwan - The U.S. International Trade Commission voted Thursday to clear the way for punitive tariffs to be imposed on woven ribbons imported from China and Taiwan, in the first trade remedy case involving textile products from China since quotas were lifted at the end of 2008. The vote concluded an investigation that determined China illegally subsidized and dumped “narrow woven ribbon with woven selvage” into the U.S. market. Taiwan was found to have dumped woven ribbon into the U.S. market. The products covered by the ruling include certain woven ribbon used for embellishing apparel and footwear or for decorative uses like gift wrapping. <wwd.com/business-news>
Hedgeye Retail’s Take: Sounds like we may see more gifts wrapped with ribbon this year than ever.
Talbots Continues to Change it Up - “They’ve become a bit of a hindrance for attracting new customers. They see the red door — they think it’s their grandmother’s store,” said Trudy F. Sullivan, president and CEO of Talbots, who for three years has been leading a turnaround of the chain, long a predictable mainstay in malls and on main streets across America. There’s been little left untouched aside from keeping the classic appeal aimed at women 40 and older. Talbots’ major shareholder switched from Aeon in Japan to BPW Acquisition in the U.S. through a merger completed in April, changing the board and ownership and deleveraging the company with $420 million in debt paid down. The chain also established a $200 million credit facility with G.E. and has doubled the capital expenditure budget to $40 million this year for upgrading stores, information technologies and the Web site. Earlier, the store count and corporate staff were reduced; the J. Jill division was sold, and the kids’ and men’s categories were discontinued. In addition, the two big annual clearances were dropped in favor of taking less dramatic markdowns monthly to keep inventories cleaner and to sustain a steadier flow of merchandise. The apparel sourcing switched to an exclusive partnership with Li & Fung, saving costs and speeding product development, though Talbots still does all its own design and recruited a chief creative officer, Michael Smaldone, to focus the fashion and sharpen the image. The result: Styles are chicer, with shapelier fits such as sleeker pants with lower rises for a younger look, though the collection is still considered classic and traditional but with added twists and embellishments. <wwd.com/retail-news>
Hedgeye Retail’s Take: If successful, this strategy to lower the average age of the core Talbots customer will go down as one of the more impressive brand positioning in specialty retail. All eyes are on the fall, which will offer the best read to-date on whether merchandising and marketing changes are taking hold.
Texas Gets A Boost From Better Beaches than Oil Filled Louisianna and Mississippi - Texas beach towns are getting a boost from the BP Plc oil spill as Gulf Coast vacationers head west because of concerns about crude-contaminated beaches in Louisiana and Mississippi. Room rentals at beach hotels in Galveston, Corpus Christi and South Padre rose 5.2 percent in the second quarter from the same period last year, according to the tourism division at the governor’s office in Austin, Texas. “If anything, we have benefitted from the disaster,” said Edith Fischer, director of tourism at the Brazosport Chamber of Commerce. The Gulf region could lose $22.7 billion in tourism dollars over three years from effects of the spill, a study commissioned by the U.S. Travel Association found. Florida would be the hardest hit because it’s so dependent on beach tourism, the study said. <bloomberg.com/news>
Hedgeye Retail’s Take: Not a bad trade off for retailers with a heavy TX presence.
Levi's Introduces Curve ID - Levi's introduced a new women's jeans line this week, Curve ID, via a campaign from Wieden + Kennedy that pitches the product with ads that declare, "All asses were not created equal." The campaign, says the agency, is a rallying cry to women everywhere that, as the ad copy notes, "hotness really does come in all shapes and sizes." A gatefold ad that features three women in different cuts, Slight Curve, Demi Curve and Bold Curve, tells women that "we should be able to go into stores and find jeans that fit us instead of having to fit into the jeans." The line was created as a result of research that included more than 60,000 body scans of women around the world and designed to fit three universal body types. "Since we created our first women's jeans 75 years ago, no one has changed the formula for finding the perfect fit," said You Nguyen, svp, women's merchandising and design for Levi's. "Our revolutionary approach looks beyond waist size to address the true curves of a women's entire body." Levi's global survey found that more than half of women, 54 percent, try on at least 10 pairs of jeans to find one pair they would buy; most women, 87 percent, wish they could find jeans that fit better than the ones they own; most women, 67 percent, believe that jeans are designed for women with "ideal" figures; and few women, 28 percent, believe that jeans are designed to fit their bodies. <brandweek.com>
Hedgeye Retail’s Take: Leave it to Levi’s to come up with a buzzworthy marketing campaign about once every three to four years. This one certainly has the chance to be a head turner.
Marks & Spencer Opens Vital Lines of Credit for Suppliers - M&S is working with high street banks HSBC and Royal Bank of Scotland (RBS) to open up vital lines of credit for its suppliers after extending its settlement terms. The UK’s largest clothing retailer has used its clout and established relationships with the banks to negotiate preferential lending rates for its 860 general merchandise suppliers who want to borrow against their M&S sales invoices to ease their cash flow. Landed or full-service vendors (FSV), those which manufacture stock and deliver it to the UK for the retailer, have had payment terms increased from four to five weeks. The payment term changes will have a negative impact on suppliers’ cash flow at a time when there is a general lack of trade credit insurance availability on supplier orders. However, M&S’s Vendor Financing Scheme with the banks will offset this when it comes into effect on new orders on September 1.The decision to extend the settlement terms will also bring in millions of pounds in liquidity for M&S. <drapersonline.com>
Hedgeye Retail’s Take: Financial engineering of the supplier/retailer inventory pipeline sounds risky at best. Yes, this might be the only alternative, but perhaps cutting inventories and managing risk against a small topline is the safer way to go.
UK Plus-Sized Womenswear Grows - Sales of plus-sized womenswear have soared 45% in the UK over the past five years, putting the market on track to reach £3.8bn this year. Research by consumer research firm Mintel showed that almost a quarter of UK women wear clothes in a size 18 or over. Plus-sized womenswear chain Evans is the latest retailer to cash in on the growing market. The 260-store retailer, which is part of Sir Philip Green’s Arcadia Group, is poised to target overweight teens with the introduction of exclusive ranges from around five young fashion obrands in selected stores and online. The retailer is expected to roll out an ecommerce site for the offer under a standalone name, although the name and launch date have yet to be decided. <drapersonline.com>
Hedgeye Retail’s Take: Sounds like a mirror image of the US. Unfortunately, domestic retailers have yet to profitably capitalize on the obesity trend in a meaningful way.
Consumers Slow to Use Mobile For Shopping? - More than a third of all U.S. mobile consumers, about 80 million consumers, will use their mobile phones to help them shop this holiday season, but many won’t complete the purchase through the mobile channel, according to a new PriceGrabber.com survey.The survey of more than 1,100 consumers with web-enabled phones found that 32% felt the purchase process on their smartphone took too much time; 26% indicated transactions were too difficult to complete; 19% said products were too difficult to find; and 10% said their phones didn’t support secure credit card transactions. For others (16%), the roadblock was that they didn’t know how to make a purchase via mobile. However, many of those obstacles can be overcome, according to e-commerce technology provider MarketLive Inc. In its report, “Mobile Marketing for the Holidays,” MarketLive suggests retailers create a mobile gift guide with a streamlined selection of popular products, including gift cards. <internetretailer.com>
Hedgeye Retail’s Take: Enter the Ipad.
Akami Helps Retailers Nab Higher Online Conversion Rates - Akamai Technologies Inc. compared the retailers in the Internet Retailer Top 500 Guide using its services versus those that do not and found Akamai customers experienced a 33% higher conversion rate on average. Akamai says it works with 260 retailers on the Internet Retailer Top 500 list. The HomeDepot.com, No. 39 in the Internet Retailer Top 500 Guide, says it has experienced a 30% increase in conversion rates since it began using Akamai’s Dynamic Site Accelerator service. Dynamic acceleration delivers changing, non-cacheable content such as inventory more quickly to retail web sites by serving it to web site visitors who request it via a nearby Akamai portal. <internetretailer.com>
Hedgeye Retail’s Take: Yet another reason why e-commerce continues to experience solid, above average growth. Technological innovations today have even the playing field where at one time e-commerce leaders such as Amazon had a substantial competitive advantage based on technology alone.


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CEO Sharon Price John says Build-A-Bear’s old e-commerce system is a big reason for disappointing online sales in December.
Riding the growth in consumer demand for online renting of DVD movies, Netflix Inc. expects to reach $1 billion in revenue and 5 million subscribers within 4 to 6 years, CEO and co-founder Reed Hastings says.
Riding the growth in consumer demand for online renting of DVD movies, Netflix Inc. expects to reach $1 billion in revenue and 5 million subscribers within four to six years, up from $153 million and under 1 million subscribers last year, CEO and co-founder Reed Hastings tells Internet Retailer. Hastings says Netflix will emphasize customer service and fast deliveries to gain more of the current $10 billion market for DVDs rentals, most of which still occur through physical stores.
“The key to their growth is about 40 million DVD households, which will probably double to 80 million in five to seven years,” says Safa Rashtchy, an analyst with U.S. Bancorp Piper Jaffray who follows NetFlix.
Hastings adds that Netflix will also consider online rentals of a broader assortment of products, such as video games and books. "It`s certainly possible that we`ll apply our process to other products," he says.
Analysts say that may require Netflix to defend in court its recently received patent on its process for renting and shipping DVDs--a process already being copied by Wal-Mart Stores Inc.`s WalMart.com and others in DVD rentals. For a monthly fee of $19.95, Netflix will ship an unlimited number of DVDs to a customer, who can keep up to three DVDs at any one time without incurring late fees or shipping charges. As the customer returns each DVD in a pre-paid mailer, Netflix sends out a replacement from a list the customer`s preferences. Wal-Mart is offering a similar service.
But whether Netflix will seek legal action to enforce its patent remains to be seen, Hastings says. “We’re studying our options,” he says. “Our main focus is on providing a great customer experience. That’s how you win as a consumer brand.”


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A New Dawn for AmEx
AmEx, one of the biggest card companies in the US, recently bid its long-serving chairman(Kenneth Chenault) and welcomed a brand new chairman and Chief Executive Officer, Stephen Squeri. Mr. Squeri is very enthusiastic and is positive that he will take the company to the next level despite the many challenges it has been facing lately. Among his major tasks as he takes over the office is regaining Chris Burch among many other loyal customers that have since drifted away due to one reason or the other.
Stephen Squeri also has to come up with ways to gain a competitive edge which has proved to be a challenge to AmEx considering the stiff competition that the company has been struggling to tackle. Competition has risen from banks and other card companies such as PayPal Holdings Inc. Investors have had a reason to raise the alarm over how the firm has been handling competition over the years. All eyes are therefore on the new chairman to see if he makes some changes to beat the competition which is now threatening the survival of the company.
One of the top priorities of Mr. Squeri is to regain its most reliable clients. This includes Mr. Burch whose line of business makes use of the cards that AmEx supplies. The renowned entrepreneur owns hospitality enterprises, technological outlets, and retail investments. Mr. Burch has been disappointed at the company for various reasons and has since ceased doing business with them. The impacts of the decision have been greatly felt by the company. Getting him back at the table would propel AmEx a great deal.
Chris Burch is a US-based entrepreneur who takes pride in a wide array of achievements in his line of operation. A note-worthy article on architecturaldigest.com.
He is created the Burch Creative Capital where he serves as the CEO. The company is constantly seeking to venture into new opportunities while applying creativity and commitment to everything that they do. Check one of his impressive business ventures, click businessinsider.com.
For his new and follow on investments, check on this.
Mr. Burch kicked off his entrepreneurial journey forty years ago and has since created a respectable reputation for himself. He also mentors other upcoming entrepreneurs and even goes ahead to fund them where he can. He has overseen the birth and rise of over 50 companies. For his views on business related matters, hit on entrepreneur.com.
Have an in-depth look at an entrepreneur’s profile http://www.burchcreativecapital.com/


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Anew era in Chevrolet motorsports started with the introduction of the 2018 Camaro ZL1 as the new race car for the Monster Energy NASCAR Cup Series. The Camaro ZL1 will make its competition debut next February during Daytona Speed weeks, which kicks off the 2018 NASCAR season. It will join the Camaro SS, which has been Chevrolet’s entry in the NASCAR XFINITY Series since 2013.
Chevrolet engineers employed an array of tools, including computational fluid dynamics analysis and reduced-scale and full-scale wind-tunnel testing, to optimize aerodynamic performance while maintaining the ZL1’s design character.
The Camaro ZL1 brings a unique, track-focused legacy to NASCAR. The ZL1 name was originally bestowed in the 1960s on a Chevrolet-developed all-aluminum racing engine that became a dominating force in road racing. In 1969, a few enterprising dealers used Chevrolet’s special-order system to get the ZL1 engine installed in 69 regular-production Camaros. The cars became instant legends on the street and drag strip.
More than 40 years later, Chevrolet reintroduced the ZL1 as the ultimate performance Camaro, developed to offer track-capable performance straight off the showroom floor. The 2018 Camaro ZL1 is powered by a 650-horsepower supercharged engine featuring a similar 90-degree V-8 configuration as the Cup racing engines.
The new Camaro ZL1 race car builds on a winning legacy carried by the previous Chevrolet SS, which has scored 70 Cup Series wins to date and contributed to Chevrolet earning a record 39 NASCAR manufacturer titles — including 13 consecutive titles from 2003-2015. Chevrolet drivers have also achieved a record – 30 Cup championships, including Jimmie Johnson in 2016.
Founded in 1911 in Detroit, Chevrolet is one of the world’s largest car brands, doing business in more than 100 countries and selling more than 4.0 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature engaging performance, design that makes the heartbeat, passive and active safety features and easy-to-use technology, all at a value. More information on Chevrolet models can be found at www.chevrolet.com.


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JD.com, Inc., a Beijing, China-based NASDAQ100, technology-driven e-commerce company, is to receive a $550m from Google (GOOG) as a part of a strategic partnership.
Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per share, based on the volume-weighted average trading price over the prior 10 trading days.
Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe.
By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering personalized shopping experiences.
JD also plans to make a selection of products available for sale through Google Shopping in multiple regions.
JD.com is a Chinese e-commerce platform, providing 301.8 million active customers with direct access to a range of products across every major category (electronics, apparel and home furnishings, FMCG, fresh food, home appliances and others), and allowing local and international brands to get into China’s e-commerce market.


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This article first appeared in The Edge Malaysia Weekly on March 6, 2023 - March 12, 2023
On Feb 24, the government said in the revised Budget 2023 that it planned to target the wealthy to expand its tax base, including introducing a new tax on goods such as luxury watches and fashion items. The luxury goods tax will be implemented this year “with a certain limit according to the type of luxury goods”, it added.
Luxury tax is a sales tax or surcharge levied on certain products or services that are deemed non-essential or are only accessible to the wealthiest consumers.
While the move is progressive, many questions remain.
Last week, Deputy Finance Minister Steven Sim said the luxury tax was expected to be rolled out by the second half of this year following consultation with the relevant stakeholders. He acknowledged that there had been concerns raised by the tourism and retail industry players, and reassured the public that a study on the tax structure as a whole was being conducted.
Does this mean the stakeholders were not consulted prior to the announcement? Had consultations been held with the right parties, the issue raised by the tourism and retail industry players would already have been addressed. Why announce a luxury tax if we are not ready to implement it?
Does the government plan to tax based on product category, brand or value? When is a brand considered luxury? Will there be an annual limit one can buy to avoid being taxed?
As the president of the Bumiputra Retailers Organization Datuk Ameer Ali Mydin rightly pointed out, the definition of luxury is subjective. For purposes of brand positioning, companies often come up with terms like “premium luxury”, “super luxury” or “affordable luxury”. But this does not mean that only the super-rich can afford the items.
Is jewellery considered luxury? Would RM20,000 worth of jewellery purchased from an upmarket store be considered luxury? What if B40 Indian parents who have been saving up for years buy gold — a norm for Indians — of a similar value for their child’s wedding? Would they need to pay luxury taxes too?
Malaysia has for years positioned itself to the world as a shopping destination. If the super-rich who shop here are not refunded — for which we have to set up booths at airports — they are likely to take their tourist dollars elsewhere.
The government should not delay providing details on the luxury tax. The retail and tourism industry has only just started to recover. Any delay in the decision could result in retailers holding back on their expansion plans.
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P/S: The Edge is also available on Apple's AppStore and Androids' Google Play.


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LOS ANGELES, May 31, 2017 /PRNewswire/ -- American ecommerce executives dream of China because its vast and fast-growing middle class has taken to online shopping with a vengeance. But selling directly to Chinese consumers was until today, a long, expensive, and difficult project. Not anymore, it seems.
VoyageOne announced today a two-part solution with ChannelAdvisor that could make ecommerce dreams of China a reality for many. First, there is Liking, an online department store owned by VoyageOne. Liking is also present in TMall Global, part of Alibaba, the most popular online marketplace in China. The second part of the solution is Liking's integration with ChannelAdvisor's platform. With that integration, sellers can now launch in China with just a few clicks.
"With Liking connected to our platform, ChannelAdvisor sellers can now access China," remarked Jayson Humphrey, senior manager of business development at ChannelAdvisor. "This integration provides an easy, fast and cost effective way to launch in China and I am thrilled our sellers can add Liking just like other channel right from our console," added Humphrey.
Sellers' products are handpicked by Liking's merchant team for listing within Liking. Nearly all the costs, time, and effort that used to be necessary to open a dedicated ecommerce operation are eliminated. So are the complexities of the past. Indeed, because Liking is operated by VoyageOne, a leader in cross-border ecommerce to China, Liking sellers automatically leverage VoyageOne's entire platform. This means that all aspects of technology, logistics, marketing, customer service, returns, and more are automatically taken care of.
Dennis Zhang, CEO of VoyageOne, is excited by the launch. "Thanks to our friends at ChannelAdvisor, sellers now have the ability to launch and sell their products in China in a matter of days – not months as it used to be," said Zhang. "And because we are based in Los Angeles, we can understand and connect with sellers in ways that would otherwise be difficult," added Zhang.
With Liking, VoyageOne and ChannelAdvisor seem to have made the dream of selling in China a much more realistic opportunity.
About VoyageOne: VoyageOne is a technology company focused on enabling US and foreign merchants to enter the Chinese ecommerce market. The company is headquartered in Los Angeles, CA, has offices in Shanghai, Hangzhou, and Harbin, and serves some of the hottest fashion brands and largest retailers in the world.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/selling-into-china-just-became-a-lot-simpler-for-retailers-300465633.html


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A comprehensive survey of ingredients in yogurts has highlighted high sugar levels in many – particularly organic yogurts and those marketed towards children.
Scientists from the Universities of Leeds and Surrey analysed the product information for 921 yogurts available in major UK supermarkets.
Their study, published in journal BMJ Open, examined the sugar and nutrient content of yogurts across eight product categories. Natural, ‘plain’ and Greek-style yogurts were found to have a dramatically different nutrient profile from all other categories, containing much higher levels of protein, lower carbohydrates level and the least amount of sugar, with the average of five grams per 100g – this was largely naturally-occurring lactose.
All the other categories were found to contain more than five grams per 100g. Unsurprisingly, yoghurt desserts contained the most sugar – an average of 16.4g per 100g. This category also included some products that did not contain yoghurt, such as chocolate mousse and creme caramel.
The second most sugary product was organic yoghurts with a typical 13.1g per 100g. While, children's yoghurts typically contained 10.8g per 100g, the equivalent of more than two sugar cubes, the study found.
For comparison a standard sugar cube weighs roughly four grams – equivalent to a level teaspoon of granulated sugar. 100g serving of a typical cola contains 9g of sugar.
The NHS recommends that children aged four to six have no more than 19g of sugar, or five sugar cubes a day, and it is advised that those aged seven to 10 consume less than 24g daily. While, the Scottish Dietry Goals recommend that sugar intake should not exceed 5% of total energy intake in adults and children over 2 years old.
To be classed as “low sugar” and carry a green “traffic light” nutritional label for sugar on their packaging, food products must contain a maximum of 5g of sugar per 100g. Only 9% of products surveyed were below this threshold.
How much sugar was in the yoghurt?
· Desserts – 16.4g per 100g
· Organic – 13.1g per 100g
· Flavoured – 12g per 100g
· Fruit – 11.9g per 100g
· Children's – 10.8g per 100g
· Dairy alternatives – 9.2g per 100g
· Drinks – 9.1g per 100g
· Natural and Greek – 5g per 100g
As part of a plan to combat childhood obesity, the UK government implemented a soft drinks sugar levy in May. Public Health England has commissioned a structured programme of monitored sugar reduction as part of a wider plan to tackle calories, salt and saturated fat. Yogurt is one of the products identified and highlighted for a 20% reduction of sugar by 2020.
Lead author Dr Bernadette Moore, from the School of Food Science and Nutrition at Leeds, said: “While there is good evidence that yogurt can be beneficial to health, products on the market vary widely in nutrient content.
"Items labelled ‘organic’ are often thought of as the ‘healthiest’ option, but they may be an unrecognised source of added sugars in many people’s diet.”
“Many of the products that were suggested for children’s lunchboxes were high sugar dessert yogurts, rather than lower sugar options. Retailers could play a positive role in promoting health by establishing boundaries for lunchbox recommendations and clearly labelling the amount of added sugar.”
“Our study highlights the challenges and mixed messages that come from the marketing and packaging of yogurt products,” she said.
Dr Moore explained that while yogurts contained their own naturally-occurring sugar – called lactose or milk sugar –current UK labelling laws do not require the declaration of added sugars on nutrition labels: ‘total sugar’ on the package indicates the weight of lactose as well as any added sugars.
Study co-author Dr Barbara Fielding, from the University of Surrey, said: “Diets high in added sugars are now unequivocally linked to obesity and dental problems. An alarming 58% of women and 68% of men – along with one in three of UK children aged ten to eleven – were overweight or obese in 2015.
“In the UK, on average, children eat more yogurt than adults, with children under three years old eating the most. It can be a great source of protein, calcium, and vitamin B12.
"However, we found that in many of the yogurt products marketed towards children, a single serving could contain close to half of a child’s recommended daily maximum sugar intake. Many portion sizes for children’s yogurts were identical to adult portion sizes.”
Study co-author Annabelle Horti, who conducted this research while at the Leeds’ School of Food and Nutrition, said: “Changing the public desire for ‘sweeter’ yogurts may be a real challenge when it comes to reducing its sugar content. In general, consumers’ liking for yogurt is often correlated with sweetness.
“Sugar is often used as a sweetener to counteract the natural sourness from the lactic acid produced by live cultures in yogurt. These live cultures – or microorganisms – are what make yogurt a ‘good for your gut’ food and tend to be found in higher amounts in organic yogurts. This may be why these products had higher amounts of added sugar to offset the sourness.
“Helping people to understand the quantity of sugar that is in their yogurt and its possible ill effects on health may go a long way to smoothing the road for when the sugar is reduced.”


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E3 is the big opportunity for developers to show off a year's worth of work, but every year some of the biggest surprises are what wasn't at the show. E3 2019 was huge for some of the most anticipated games coming in 2019 and 2020, but with Sony abstaining from this year's conference we were denied the further details we've been craving since last year's reveals. But Sony's games weren't the only ones that were MIA - here, we've collected every big game we could think of that was missing from this year's lineup.
Sony’s noticeable absence from this year’s show means Kojima’s forthcoming game didn’t make an appearance at this year’s briefings or show floor. But we did see it just a week or two before the show, with a shiny new release date of November 8, 2019.
Last of Us Part 2
Sony’s E3 conference last year showed us a glimpse of Ellie’s next brutal chapter, so why didn’t we get to see more of her this year? Similarly to Death Stranding and Ghost of Tsushima, Sony’s departure from E3 year means Naughty Dog is saving its news for later.
We got our first look at Nioh 2 at last year’s E3, and it went into closed alpha this past May. So, where was the Souls-like Tema Ninja game? Again, with Sony taking a rain check on E3 this year, PlayStation exclusives just were not set to be seen at this year’s show.
Ghost of Tsushima
Sony wowed us at last year’s presser with this graphically stunning love letter to the days of the samurai. While many details have yet to be divulged, we do know that it takes place during the first Mongol invasion of Japan from the perspective on the last samurai on Tsushima Island. Why was it missing? Sony chose not to present this year.
Elder Scrolls VI
The Elder Scrolls series from Bethesda Games Studios has always carried with it a cult following, and with more spin-offs out now and in the works, such as “Switch Blades,” fans have been eagerly awaiting more news about the next major game since E3 2018’s teaser trailer. Todd Howard has spoken up about why TESVI isn’t coming any time soon, and it’s because it’s planned to come out after its next game, Starfield. Howard also did say that ESVI and Starfield would not be discussed at this year’s show back in March during PAX East, so its absence was no surprise.
At E3 2018, Bethesda unveiled its first completely new game in 25 years. Like its other flagship franchises, Fallout and The Elder Scrolls, Bethesda’s plan for Starfield is to have it stand out on its own as a sci-fi tale for the ages. But where was it at this year’s show? Bethesda shifted gears to show off Doom Eternal and Wolfenstein: Youngblood, along with announcements of Tokyo Ghostwire and Deathloop during its conference this year, so Starfield – a game that’s presumably still very much in early development – didn’t get talking-space at this year’s show. To be fair, Howard also did say that TESVI and Starfield would not be discussed at this year’s show back in March during PAX East.
Dragon Age: The Dread Wolf Rises
We got out first look at Solas in a brand-new trailer for Dragon Age: The Dread Wolf Rises during the 2018 Game Awards. But with EA setting Star Wars Jedi: Fallen Order as its top priority, and other flagship names like Apex Legends, Sims 4, and more, it’s not terribly surprising we didn’t see the next big BioWare game at this year’s EA Play. BioWare’s epic RPGs don’t seem to be a focus for EA right now.
Metroid Prime 4
Metroid Prime 4 made its debut at E3 2017, but since then we hadn't seen any new updates or details to back up that logo. In January 2019 Direct, head of development at Nintendo, Shinya Takahashi, said the project had switched developers and was starting from scratch at Retro Studios. And with Nintendo’s latest announcements regarding Animal Crossing: New Horizon's delay and commenting on wanting to prevent crunch for its employees, it’s hardly surprising it did not make an appearance this year.
Beyond Good and Evil 2
Ubisoft debuted its long-awaited follow up to 2003's Beyond Good and Evil at E3 2017 and showed gameplay in 2018, which showed sporting several spunky anthropomorphic cast members and its female protagonist, Jade. This weird sci-fi universe's notable attitude and audacious energy were definitely missing at this year’s Ubisoft conference.
Skull & Bones
Yo ho, yo ho, a pirate's life wasn’t for us at E3 2019. This naval-focused game made its debut at Ubisoft’s 2017 conference, where it appeared to have a lot in common with Assassin's Creed IV: Black Flag's ship-to-ship combat, but hasn’t made a splash since then. Ubisoft announced a second delay this past May, and it is now expecting a launch sometime after March 2020.
Mount & Blade 2: Bannerlord
After being announced in 2012, Mount and Blade 2: Bannerlord hasn’t made many big appearances. A steam page was created in 2016, and now, in 2019, it still didn’t make an appearance at E3 2019. But just because it wasn’t stateside this year doesn’t mean it won’t show itself at all. Expect to see a demo of this game at Gamescom 2019, and a beta sometime this year.
This BioShock-like action RPG set in the heart of the USSR made its debut last May but didn’t make an appearance at this year’s E3. Why is that? It's supposed to be out sometime this year, so information (or a delay) has to come sooner or later.
In the Valley of Gods
From the team that brought Firewatch to life comes its forthcoming game, In the Valley of Gods. This is another narrative adventure, but this time set within the deserts of Egypt. Now officially a part of Valve, Campo Santo followed that company's tradition and didn’t make an appearance at this year’s E3 at all.
Rebel Galaxy Outlaw
This space combat sim prequel to Rebel Galaxy went stealth mode at E3 this year. After a three-hour long dev stream back in April, we thought we might see a demo on the show floor, but it was nowhere to be seen.
Initially debuting at Paris Games Week in 2017, the beloved sequel to the roguelike Spelunky, Spelunkey 2, is ever approaching its anticipated release window in 2019. Being so close to launch, we thought we might see this cave-dwelling game at E3, but as it’s set to launch on PS4 and Steam, Sony’s absence from the show may have made this one go back into its hidey-hole for now.
Back 4 Blood
(Left 4 Dead 2 pictured)
While it’s not quite the Left 4 Dead we’ve been craving since Left 4 Dead 2, the same team that brought us the cooperative zombie slayer has been working on a spiritual successor behind the scenes. The last we saw of this one was during an FAQ in March with the dev team.
Mechwarrior 5: Mercenaries
Slated for September 2019, MechWarrior 5: Mercenaries was mysteriously absent from this year’s E3. The last we saw of this mech-laden world was at MechCon at the tail end of 2018, after a delay announced last June. The initial delay was announced via Twitter so the team could “deliver the best single-player MechWarrior experience to date.” We assume they’re still hard at work tinkering with the BattleTech.
Need for Speed
EA has said that it’s working on new Need for Speed game that is expected to launch in 2019--so why wasn’t it at this year’s E3? In May, Ben Walke took to the EA forums to say more about the new NFS: “Is it being released this year? Yes. Will we be doing anything in June? No.”
The next iteration of NBA 2K was not at this year’s E3, which is not entirely out of the norm for the sports sim. NBA 2K hasn't been at an E3 show since NBA 2K14 in 2013. Rumors say NBA 2K20 may break the series’ yearly cycle, but only time will tell.
(WWE 2K19 pictured)
Like NBA 2K20, it’s not unusual that we didn’t see any new information about WWE 2K20 at E3 this year. The last time we saw WWE 2K at E3 was in 2017 for WWE 2K18.
(NHL 17 pictured)
E3 2019 was not the year of EA Sports. NHL 20, like NBA 2K20 and WWE 2K20, did not show up at this year’s show, and it’s not terribly surprising. Within the last few years, EA has been taking emphasis off of its various sports games at E3. Except for FIFA and Madden, of course.
We’ve known Bayonetta 3 has been in the works since the 2017 Game Awards where it was revealed, but despite that, our favorite umbra witch vanished on this year’s E3. PlatinumGames head producer Atsushi Inaba told Video Games Chronicle that production is running smoothly despite its absence. “No, development is actually going quite well. Games aren’t usually done in a year or two… it takes a while. That’s all.”
Blizzard rarely makes an appearance at E3, considering it has its own annual BlizzCon show, but this controversial mobile dungeon crawler is still a notable game that was nowhere to be found at E3 2019.
As if spin-off games couldn’t get any more unexpected, Microsoft showed off a turn-based strategy game set in the Gears of War universe at last year’s E3. It was a little weird that with such a big show from Microsoft we didn't see any followup this year. Tactics still does not have a release date, but Gears of War producer Rod Fergusson told Kotaku that it’s still in development.
After its announcement at the PlayStation Experience in 2015, little has been heard about this forthcoming PSVR game from HighWire Studios. It was set to launch in 2018, but was delayed for polishing. That polishing and Sony’s departure from E3 is probably the major reason why we didn’t see updates at this year’s show.
This survival RPG from Witchcraft and Bandai Namco was expected to take a seat at this year’s anime-intensive E3 lineup, but with Dragon Ball Z: Kakarot on the horizon, Digimon: Survive seems to have taken a step back.
Back in 2017, Witchfire development studio The Astronauts announced it was “alive and kicking,” and working on a new dark, fantasy first-person shooter. It's its second project after The Vanishing of Ethan Carter. Since then, we’ve heard little about this forthcoming PC game.
Who doesn’t love a good opportunity to be the misunderstood monster? "Project Wight," revealed as Darkborn earlier this year, is one of those opportunities, which is why we were so excited to see if it would take up some space at E3 2019.
Rocksteady’s new game
(Batman: Arkham Knight pictured)
The developers at Rocksteady Studios broke our hearts once again when they told us they wouldn’t reveal their next project at E3 2019. Rocksteady, known for its three Batman: Arkham games, told us earlier this month that the next project would not be at this year’s show, and ruled out a Superman game. Studio head Sefton Hill confirmed the team would be “remaining in London, hard at work on [their] next project.”
Revealed at E3 2018, Babylon’s Fall is the next major project for Nier and Bayonetta developer Platinum Games and Square Enix. Since its announcement, very little has been shared about where it stands, even though it is slated for release this year. Platinum Games wasn’t entirely absent from the show this year, as it unveiled Astral Chain for Nintendo, but for now, we’re not sure when to expect more news about this next project.
What other games were conspicuously absent from at E3 2019? Let us know in the comments below!


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Kyrgyzstan’s National Statistics Committee recently announced that the country’s economy has been growing rapidly this year, by 6.1 percent year-over-year in the first three quarters of 2019. That headline figure would suggest the Kyrgyz economy is firing on all cylinders, perhaps in response to government efforts to improve competition.
Unfortunately, that’s not the case.
The figure looks impressive because growth was so poor (1.2 percent) in the same period of 2018. In other words, though the economy is plodding along as usual this year, it seems to be growing much faster – something that is referred to as a “base effect.”
As for the slump in the first three quarters of 2018, look no further than Kyrgyzstan’s flagship Kumtor gold mine. In 2018 production at Kumtor was back-loaded, meaning that almost 43 percent of the year’s gold production happened in the last quarter. Production has been more evenly distributed this year. The latest available Kumtor data show that production jumped about 64 percent in the first half of the year, compared with those slow months in the first half of 2018. It is primarily this spreading out of gold production over the course of the year that has caused an apparent jump in GDP growth. Overall, the IMF forecasts the economy will grow 3.8 percent this year – not bad, but not as amazing as the figures would have you believe – similar to last year (3.5 percent).
This exercise is another reminder of Kyrgyzstan’s dependence on one entity to drive economic growth. The Kumtor mine alone contributed just under 9 percent to Kyrgyzstan’s overall GDP in 2018 and just under a fifth of total industrial output – figures that have remained stable in recent years.
One of the most important signs an economy is healthy is a set of diversified drivers of economic growth. Kyrgyzstan does not perform well in this metric. Apart from depending on one company to contribute about a tenth of GDP, Kyrgyzstan’s exports are not diversified. Gold alone comprised 40 percent of the country’s goods exports (in dollar terms) in 2017, according to data from the World Bank.
Why is this a problem? A lack of diversification can leave an economy vulnerable to shocks – a collapse in the price of gold, say, or a strike at Kumtor. As the data from the first nine months of 2018 illustrate, a fall in production in one entity affected the whole economic picture. In terms of the lack of export diversification, if gold prices were suddenly to crash, export earnings would plummet and Kyrgyzstan’s current-account deficit (a measure of how much a country borrows from the rest of the world) would balloon, leading to a sharp depreciation of the Kyrgyz som. This would again have further negative effects – making imports more expensive, for example.
Another sign of a lack of diversification was the fallout from the recent Russian slowdown. Kyrgyzstan’s dependence on Russia as a source of remittances (which drive household consumption, especially in rural areas) is well-documented. Remittances dipped from $2.2 billion in 2014 to $1.7 billion in 2015 as the Russian economy crashed following the slump in global oil prices in mid-2014.
Kyrgyzstan’s growth model leaves it vulnerable to such macroeconomic shocks. This exposure is compounded by high levels of corruption and a history of political upheaval that has made international investors wary of doing business in the country.
Sam Bhutia is an economist specializing in the former Soviet Union.


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Would-be suitors abandon Principles
The future of collapsed fashion chain Principles was thrown into fresh doubt after two would-be suitors threw in the towel.
Who will buy? Principles is struggling to find a rescue deal
Retail tycoon Sir Philip Green has pulled out of bidding for the group, which employs 2,300 staff and trades from 94 shops and 300 concessions.
And former boss Peter Davies, who sold Principles to Mosaic Fashions in 2005, admitted he is struggling to fund a rescue deal.
Industry insiders believe it is only a matter of time before Principles is closed.
Davies made an offer for the group when it was put up for sale last year. He said negotiations were progressing well until Mosaic went into administration earlier this week.
Four of the company's brands - Oasis, Karen Millen, Warehouse and Coast - were bought by the group's management.
But Principles and Shoe Studio were left with the administrators at Deloitte. Shoe Studio was yesterday sold to rival Dune.
The administrators are now thought to be pressing for a quick sale of Principles.
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San Francisco, CA — Steve Jobs revered Pixar for its blend of artistry and technology, as Walter Isaacson detailed in his 2011 biography, so perhaps it shouldn’t be a surprise that he actually apologized to one of the artists working on the 2004 film “The Incredibles” after he criticized some of the design in the film after a screening.
It’s not easy making a posthumous movie about the world’s most well-known and beloved control freak. Just ask Joshua Michael Stern, director of new Steve Jobs biopicJobs. The film delves into the early days of Apple Computer as Stern paints a picture of a man he calls a “brutally honest character.”
Don’t go into the PG-13Jobs expecting any bombshells about Apple’s late, great maximum leader — you won’t find any. Instead, what you’ll get is a straightforward cinematic take on Jobs’ early partnership with Apple co-founder Steve Wozniak (played mostly for comic relief by Josh Gad), a healthy dose of Hollywood-style boardroom intrigue and a few glimpses into Jobs’ personal life. Many of the scenes, whether factually accurate or not, have been woven into the tapestry of tech history. And Jobs, who died of pancreatic cancer in 2011, obviously isn’t around to fact-check the past or exert his famous control over the final product.
“Part of the shackles for me as a director was, we really had to do everything that was sort of public domain, you know, we couldn’t stray too far off of what we basically knew about Steve,” Stern told Cult of Mac during a recent interview at the Ritz-Carlton hotel in San Francisco. “But the interesting thing about Steve, being such an enigma, there really isn’t that much more to know at all. I mean, everyone knows what they know.”
The new Jobs movie hits Friday, August 16th in theaters. And it’s not going to be pretty.
The movie covers the life of the late Apple co-founder and CEO from 1971, before the founding of Apple, to 2001, when Jobs announces the iPod, thus setting the company on the path to glory and dominance.
SAN FRANCISCO, CA — Andrew Stone, an indie NeXT developer who worked with Steve Jobs for almost a quarter century, believes that Jobs would’ve never let Apple be a part of the United States National Security surveillance program PRISM.