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Aspen Skiing, a founding member of Ski Country in 1963, concluded that its alliance with the trade group "no longer seemed like a good fit," said Bobbie Jacobs, Aspen Skiing communications director.
She added that Aspen Skiing "is revising everything we do right now." Ms. Jacobs declined to say how the company might alter its advertising or marketing efforts, noting next ski season's projects will be set up this summer. Aspen Skiing handles most of its marketing in-house, using the Bomb Factory, Venice, Calif., for creative only, a spokeswoman said.
Aspen Skiing owns four ski areas in Colorado-Aspen Mountain, Aspen Highlands, Snowmass and Buttermilk. The company suffered a 5% drop in lift ticket sales this year for the 1994-95 season in part because Continental Express, which had operated 18% of the flights serving Aspen, discontinued service there and to other mountain resorts, Ms. Jacobs said.
Reports had indicated that Aspen Skiing quit Ski Country because it wasn't getting enough international exposure through the group. Ms. Jacobs disputed that, saying the association didn't need to provide global marketing for Aspen Skiing since the resort operator is already targeting international customers through a joint marketing agreement with Colorado ski resort operator Vail Associates.
"Of course, we were surprised and very disappointed" with Aspen's decision to quit Ski Country, said association Communications Director Kelly Ladyga, though she acknowledged Aspen's discontent had been known all season. Ski Country doesn't run advertising but promotes Colorado's skiing industry to travel groups, tour operators and consumers, and lobbies legislative and regulatory bodies. A spokeswoman said the group is seeking a small public relations agency in the New York area to help with East Coast promotions.
Ski Country has shouldered considerable responsibility for marketing the state since citizens voted in 1993 to discontinue funding the Colorado Tourism Bureau, leaving local communities and industry groups to come up with their own promotional activities.
"Aspen's pullout will not affect any of our programs or staffing for 1995-96," Ms. Ladyga noted. "It does not have a significant impact on our budget."
Ski Country partially funds its budget by selling $2,000 "gold" ski passes that allow skiers to visit any member resort any time. The association's 1994-95 budget of $1.8 million included $900,000 raised through the sale of those passes. Aspen and Vail are the top two towns visited by buyers of those passes, Ms. Ladyga said, so Aspen's absence might affect future sales.
The group also assesses membership fees based on gross lift ticket sales. Neither Aspen Skiing nor Ski Country would state what Aspen had been paying for its membership, but the four Aspen mountains garner about 13% of all Colorado skier visits. The state racked up 10.9 million skier visits this past season, down 2% from 1993-94's record-breaking season.


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It’s always a good time to brush up on ways to make grocery shopping easier — especially during a pandemic.
Going to the store at the least crowded time, learning new budgeting tips amid rising prices and finding better ways to bag are all important when bringing food home is at the top of the to-do list every week.
In one of the internet’s latest viral sensations, TikToker @1980sgamer shared the ultimate time-saving hack for avoiding the tedious bagging process altogether. In the TikTok video posted on Sunday, the user, who goes by Matt, makes clever use of an unexpected household item at the grocery store: a laundry basket.
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“This is the best grocery shopping hack yet!” he captioned the video.
In the video, Matt instructs viewers to fill their carts as usual with items on their lists.
Next, he says to load the groceries onto the conveyer belt to be checked out. Then, instead of having the checkout operator bag them, he says to throw all the products back back into the cart without any bags or boxes.
Finally, he says to push the cart to the car, where you have two or more empty laundry baskets waiting in the trunk, and fill them with the groceries.
When you’re home, all you have to do is carry the baskets in, and voila — no bags used and no extra time spent bagging.
With more and more people looking for ways to eliminate single-use plastic bags, with extra charges for those who don’t bring their own, this hack is especially helpful.
The hack only had one red flag: At the end, the TikToker placed all the produce on the bottom of the baskets where they’d be squashed by heavier items.
But he told TODAY Food this was a ploy to spark a little more conversation and make it go viral, which it did — amassing over 11 million views at the time of publication.
If you’re going to give this technique a try, you might also want to consider evenly distributing the weight or use smaller baskets if it’s hard to lift something heavy.
So, how did this life-hacker discover this surprising use for laundry baskets?
Matt said he had a helpful follower to thank, as this was not his first grocery-shopping hack video.
In the one he posted January 18, his sustainable solution was definitely lacking organisation.
The groceries just went from cart to belt, back to cart and were then tossed directly into the trunk. This would have made unloading quite difficult once people got home. After all, no one wants to make more than one trip from the car — let alone a dozen, carrying armfuls of loose produce.
Thankfully, a fellow TikToker commented, “a true hack is putting 2 laundry baskets in the back to throw all that in to carry in the house. you’re welcome.”

domain: news


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is reporting that the latest issue of Toy Retailer Magazine states that Transformers: Revenge of the Fallen
will premiere in theatres in Australia on June 25, 2009. This is the same day as the German premiere
and a day before the currently scheduled United States premiere. The line of Revenge of the Fallen
toys, per the magazine, should be on Australian retail shelves by May 31, 2009.


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GUILDERLAND – At the Guilderland City Council meeting on September 21, residents will have their say on whether or not pot shops should be allowed in the city.
The state marijuana regulation and tax law of 2021 went into effect in March. Recreational use of marijuana has been legalized in New York state for those aged 21 and over, while sales would be allowed once regulations were in place.
The municipalities now have until December 31st to decide against the approval of retail pharmacies or licenses for on-site consumption. The law imposes a sales tax of 9 percent for the state and a local tax of 4 percent – 1 percent is withheld by the county and 3 percent goes to the town or village.
“The standard mechanism is that we literally do nothing and December 31st comes and goes; then we will allow both the pharmacy and the places where you can actually consume marijuana, ”said Supervisor Peter Barber during the meeting of the city council on August 17th.
Barber contrasted Guilderland’s approach with that of the City of Colonie.
He explained that Colonie’s plan is to allow pharmacies, but not for on-site consumption.
Barber said Colonie proposed a law and then asked for feedback from residents.
“I’d rather see what people have to say and then we decide how to develop it,” said Barber.


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Did Purdue Pharma Kill 671 Massachusetts Residents? Attorney General Maura Healy Says Yes.
More than 11,000 people died from an opioid overdose in the state of Massachusetts over the last decade, and the state’s Attorney General wants to hold someone accountable. That someone is Purdue Pharma and an assortment of its most senior-ranking officials.
Lyft Picks Up Momentum in Curbing Healthcare Transportation Barriers
In a world where our roads seem more clogged than ever, it’s shocking to think that a lack of transportation can still provide a significant barrier in receiving life-sustaining goods or services. For some people, the hitch is the simple lack of a car. For others, distance is a factor. And then there’s always the costs associated with both public and private transit.
Collections Agencies Now Slapping Liens on Patients’ Homes After Unpaid Surprise Bills
It’s a sad story that we’ve unfortunately heard more times of late than we’d care to admit: the tragic tale of the consumer who did everything right only to fall victim to everything that’s wrong about the current healthcare system. We’re talking about the practice of surprise billing, also known as balance billing, and it’s starting to affect much more than just the health of Americans.
Survey: Doctors Share Interest in Drug Costs but Fail to Monitor for Adherence
While there’s plenty of evidence and feedback on how consumers feel about the price of drugs, there has been less detail made public about how physicians view these soaring costs and what they consider their role in the supply chain to be. However, a recent OptimizeRX survey that polled more than 600 providers found drug costs to be top of mind for doctors in the same way they are for consumers.
List of the Most Expensive Drugs Sees Continued Increases, New Meds Added
When it comes to most consumer goods, the flashy new items are the ones that fetch the highest dollar. Meanwhile, the price of the ordinary, decades-old models without the latest bells and whistles tend to remain relatively flat and unchanged. As an example of this pattern, you can look no further than vacuums. Unfortunately, outpatient drugs aren’t like vacuums.
Exclusive Rights for Drugs Leading to Skyrocketing Costs
There was a time when hospitals stocked Intensive Care Units with vasopressin like it was a common antibiotic. The inexpensive price tag supported buying the drug in bulk, and its use to fight sepsis and restore the flow of blood to vital organs like the brain made it an essential component of any crash cart.


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CONFLICTS OF INTEREST IN THE DEPT. OF ENERGY SCANDAL THAT NOBODY IS BEING ALLOWED TO INVESTIGATE. ORGANIZED CRIME IN DC GOING UNCHECKED: “What did the President know, and when did he know it?” Link to this page: http://wp.me/p4e1uX-2xT Key Points from The New Whistle-Blowers Revelations – Almost all of the Senators, their families and business… Continue reading CONFLICTS OF INTEREST IN THE DEPT. OF ENERGY SCANDAL THAT NOBODY IS BEING ALLOWED TO INVESTIGATE. ORGANIZED CRIME IN DC GOING UNCHECKED:
The 500 trolls of Tesla Motors! Elon Musk has a massive amount of fake meat puppet social media accounts that he uses to create the false impression that there are “no problems at Tesla Motors” and that the fires, lawsuits, staff departures, investor departures, criminal charges, cartel charges, toxic smoke, cancer causing chemicals, DOE application… Continue reading The 500 trolls of Tesla Motors!
Department of Energy Head announces he engaged in “Meticulous Due Diligence” to ensure that only campaign billionaire funders got DOE ATVM and LG funding! Under federal investigation, DOE staff are required to now testify about what happened to billions of taxpayer dollars that were conduit-ed, by DOE staff, to Senators pockets and billionaires investment portfolios… Continue reading Department of Energy Head announces he engaged in “Meticulous Due Diligence” to ensure that only campaign billionaire funders got DOE funding!
Tesla OFFICIALY rated as “JUNK” by all finance industry experts. The TRUTH IS HERE! S&P slaps junk bond rating on Tesla debt – May. 28, 2014 1 day ago … Rating agency Standard & Poor’s says Tesla Motors debt is risky for … downgraded into junk bond status about a decade ago, according to … money.cnn.com/2014/05/28/investing/tesla–junk–bond-rating/… Continue reading Tesla OFFICIALY rated as “JUNK” by all finance industry experts. The TRUTH IS HERE!
“RIGHT TO BUILD” Campaign against ELON MUSK Launches! (This is a re-write of Musk’s Press Release, wherein he turns the tables on what he did in the DOE scandal) “This is not right,” Tom told reporters during a news conference. Tom said the DOE contract with Tesla amounted to a continuing crony monopoly, was unfair… Continue reading “RIGHT TO BUILD” Campaign against ELON MUSK and Tesla Launches!
ELON MUSK sues U.S. Taxpayers for not giving him more campaign kickback $$ for spy satellites! Elon Musk is known as a scavenger for Silicon Valley illuminati VC’s. He takes over companies created by others. Most of the actual founders of Tesla, and the rest, refer to Musk as an: “egotistical Sociopath”. His ex-wives and… Continue reading ELON MUSK sues U.S. Taxpayers for not giving him more campaign kickback $$ for spy satellites!
The California “Cargate” Corruption Connection! One of the biggest State’s allowed some of the biggest corruption, in CARGATE, to happen. Now heads are rolling. Tons of evidence has been rolling out to reporters from Washington & Russian whistle-blowers. Share the link to this article (with your favorite reporter or Sacramento Politico): http://wp.me/p4e1uX-2hz Let’s take a… Continue reading The California “Cargate” Corruption Connection!
New Vehicle Alert ——————————— While Elon Musk has had his shills and false-fronts at Gawker, Jalopnik, EV World and Google push out the party-line message that: “this is all the work of crack-pots, ignore it and it will go away”, he only served to play into the flyer organizers tactics and distribute the flyers world-wide,… Continue reading TESLA TRUTH TICKETS fliers charges: FACT CHECK! TSLA Scandal
Senators refuse to clamp down on Lithium ion fires due to personal stock investments. Sony recalls notebooks. FedEx/UPS trucks/Planes on fire. Calif. FED-EX truck & bus crash & fire: Suspicious. At least 2 Calif. Fed-Ex trucks burn in same time-frame. More Lithium ion disasters? Link to this page: http://wp.me/p4e1uX-2f3 IS DRIVING A FED-EX OR… Continue reading Senators refuse to clamp down on Lithium ion fires due to personal stock investments. Sony recalls notebooks. FedEx/UPS trucks/Planes on fire.
Tesla Model S is ‘low hanging fruit’ for hackers to remotely track or unlock cars Tesla has toughened the Model S’ underbody to help prevent any more fires, but apparently it needs to add some reinforcement to its network features too. An enterprising hacker can’t quite drive one of the electric vehicles away (they’d… Continue reading Tesla Model S is ‘low hanging fruit’ for hackers to remotely track or unlock cars
BREAKING STORY: Billionaire MUSK admits, on 60 Minutes, he broke the law to get Tesla funded. Crony politics and insider deals with your tax money exposed….Here is The rest of the story beyond the broadcast… On the 3/30/14 60 Minutes episode, and associated recorded footage, Elon Musk confesses that Tesla was heading into bankrupty on… Continue reading BREAKING STORY: Billionaire MUSK admits, on 60 Minutes, he broke the law to get Tesla funded. Crony politics and insider deals exposed.
All Tesla Model S Cars recalled by NHTSA due to proven fire danger. Now requires “ballistic fire shield”. See: http://wp.me/P4e1uX-22P Fremont- CA The NHTSA has announced that all Tesla Model S cars are being recalled due to intense fire danger from their lithium ion batteries. Ballastic shields are now required by the U.S. Government to… Continue reading All Tesla Model S Cars recalled by NHTSA due to proven fire danger. Now requires “ballistic fire shield”. See: http://wp.me/P4e1uX-22P
Eric Holder to bring the hammer down on Tesla! Will nail companies who “confronted a public safety emergency as if it was simply a public relations problem” In his speech today, Eric Holder stated that DOJ is bringing the pain to all car companies who “….intentionally concealed information and misled the public about safety issues,”… Continue reading Eric Holder to bring the hammer down on Tesla! Will nail companies who “confronted a public safety emergency as if it was simply a public relations problem”
Organizing a crowd-sourced public RICO Corruption Case filing on behalf of taxpayers If the people that are supposed to catch the bad guys are being told to cover-up, and delay, prosecution, then it is up to the regular folks. If the designated crime-fighters won’t do their jobs, then we have to. There are already proven… Continue reading Organizing a crowd-sourced public RICO Corruption Case filing
AN OPEN LETTER TO TESLA MOTORS: (Public Response Required!) Elon Musk CEO Tesla Motors 3500 Deer Creek Palo Alto, CA 94304 (650) 681-5000 2/28/14 Dear Mr. Musk and The Tesla Board of Directors: Recently; Numerous ex-Tesla staff and contractors, former suppliers, federal investigators, investigative reporters, investors and ex-partners of Tesla Motors have provided facts about… Continue reading AN OPEN LETTER TO TESLA MOTORS: (Public Response Required!)
Ron Calderon Has Been Officially Busted by the FBI… | David … SEE MORE OF THE EXPOSE’ HERE (Part 2) As Al Jazeera has just reported, Ronald Calderon is a powerful state senator in California ktlkam1150.com/pages/DavidCruz.html?article=11788707 FBI raids office of California state Sen. Ron Calderon – CNN.com … agents from the Federal Bureau of Investigation… Continue reading The noose tightens: Senator Calderon Busted by FBI; Bigger Senators in FBI sights…
Why did Goldman Sachs and Google need $1.6 Billion of our tax dollars to build a solar oven that makes energy at six times higher cost than any other technology and kills birds? Cuz, they don’t have any money of their own, right? Tax write-off scam or what? What is the connection between BrightSource and… Continue reading Ivanpah: Why did Goldman Sachs and Google need $1.6 Billion of our tax dollars to build a solar oven that makes energy at six times higher cost than any other technology?
Are specific politicians using the NSA for private personal vendetta’s and to hit their business competitors? Politicians are neither military officers nor law enforcement officers, they are business men. Most of them are in the positions they are in because of special financial business backers. They sometimes do things for the greater profit rather than… Continue reading Are specific politicians using the NSA for private personal vendetta’s and to hit their business competitors?
http://www.washingtonpost.com/ blogs/ innovations/ wp/ 2014/ 01/ 27/ enough-is-enough-silicon-valley-must-end-its-elitism-and-arrogance/ Enough is enough, Silicon Valley must end its elitism and arrogance By Vivek Wadhwa January 27 A storm is brewing over Silicon Valley. The world expects better behavior from its tech titans. (Jeff Chiu/AP) When computers were just for nerds and large corporations, Silicon Valley’s elite could… Continue reading Enough is enough, Silicon Valley must end its elitism and arrogance: Washington Post
Is it just a misunderstanding to think that “Google is Evil”? Link to this page: http://wp.me/p4e1uX-1hM Is Google getting a bad rap for no reason? Are poor people and poor companies just jealous of Google’s profits? How did Google get in so much trouble? In 1969 a senior administrator confirmed a budget for four guys… Continue reading Is it just a misunderstanding to think that “Google is Evil”?
DOE’s Moniz tries end-run, again, around Congress and Applicants DOE Secretary Moniz is trying an end-run around the Federal law which created funds for electric cars. Having been caught destroying and rigging the application process for hundreds of applicants, except for a couple of campaign contributors, who those applicants would have competed with, DOE staff… Continue reading DOE’s Moniz tries end-run, again, around Congress and Applicants
Silicon Valley VC’s, Goldman Sachs, Batteries and Afghanistan When investigative reporters found that Goldman Sachs was involved in almost every single one of the DOE money deals, they had to ask why? How much did GS make in, around and through the whole thing? Who was connected to Goldman Sachs and decision makers? Would they… Continue reading Silicon Valley VC’s, Goldman Sachs, Batteries and Afghanistan
They used taxpayer money to pay to put lipstick on a pig. The deep-south farm story goes: “…So you have an old sick pig, it’s about to die, but you are a crook so you get some lipstick and put it on the pig so you can sell it to a guy in the dark… Continue reading They used taxpayer money to pay to put lipstick on a pig.
Tesla ships emergency home fire prevention device to all owners. Says it is “not a recall” but an “upgrade”. To deal with the new, additional, fire danger for Tesla cars. Tesla is shipping a new gadget to all owners. Like: Not a bug, it’s a “feature”! Detroit News is now reporting that NHTSA has ordered… Continue reading Tesla Motors caught stretching the truth, AGAIN. Tesla Recalls Entire Line over NEW Fire Danger! – TSLA
“THE TEST”: Busted!!!! We ran a little test with the help of some amazing quantitative analysis students from Boston. A number of the SOMO writer/reporters were noticing the number of stories commenting that “Tesla was in bed with Google backers”. While there are some forensic facts and factual history which seems to lean towards this… Continue reading “THE TEST”: Busted!!!!
Featured Investigation: Tesla Scandal Highlights From Around the Web: Criminal Charges: Uber Scandal!!! Breaking News! Did Musk just admit a felony on live TV? Tesla patents prove Musk lied about dangers. SAFETY REPORT BUSTS TESLA. Multiple federal agency/committee probes now asked to look into organized crime charges over kickbacks re: DOE-loans-for-campaign-checks. Lithium ion VC’s who… Continue reading COVER-UP!!!!!!!!!!!!!!!!!!!!!!!!!!!
– CARGATE: The Cartoon – ™ The World’s first interactive WiKi/public-produced social cartoon!! Based on a totally true story. Come join the production of this tale of intrigue, sex, fiery explosions, battles, more sex, big cash, more fire, spies, big politics, illuminati, and other fun stuff. Draft # 2.42 Act One: Location: Detroit glass office ∞
The Dianne Feinstein Investigation- —————————————————– U.S. Government Vs. Senator C. and Does 1-20 Tonight Al Jazeera ripped Feinstein’s colleague, one Mr. Calderone, a new one per an FBI sting operation. He’s off to jail soon. You can see the movie about his crimes on America Tonite. Will he roll over on Feinstein and the Senate… Continue reading The Dianne Feinstein Investigation
U.S. reports $9.7 billion loss on General Motors car bailout Tue, Oct 29 DETROIT, Oct 29 (Reuters) – The U.S. government has booked a loss of $9.7 billion on the nearly $50 billion bailout of U.S. automaker General Motors Co, according to a quarterly report to Congress on Tuesday. In 2009, the U.S. Treasury extended… Continue reading U.S. reports $9.7 billion loss on General Motors car bailout
Does the President’s Staff Just Sit Around and Lie To Him All Day Long? White House: Fire Some People! (First published on USA Today comments then removed) So They said “hey, Go stand in front of Solyndra and Fisker” even though the staff had already written each other on government and personal emails that the… Continue reading Does the President’s Staff Just Sit Around and Lie To Him All Day Long? White House: Fire Some People!
Today’s new word is: Omerta’ Let’s learn: Omerta’ https://en.wikipedia.org/wiki/Omerta’ The origin of the word is traced (by the OED) to the Spanish word hombredad, meaning manliness, modified after the Sicilian word omu for man. According to a different theory, the word comes from Latin humilitas (humility), which became umirtà and then finally omertà in some… Continue reading Omerta’ : Keeping the Dark Secrets of Dark Money!!!
Small businesses claim US government stealing their ideas By Eric Shawn Published December 17, 2013 “They stole all my stuff and used taxpayer money to do it,” John Hnatio, a Maryland small business owner, says of the U.S. government. Hnatio claims the government has put his company, FoodquestTQ, nearly out of business by stealing his… Continue reading Small businesses claim US government stealing their ideas. Lawsuits! Investigations!
White House staff order protection of Tesla “at all costs” to protect DOE’s image and the image of those associated in Washington. Analysts that are in the pockets of Tesla investors market stock values that have no basis in reality. Using manipulated Google stories that are rigged into search engine output to make them look… Continue reading White House staff order protection of Tesla “at all costs” to protect DOE image
Deadly fires. Deadly vapors released by Tesla Fires. Lithium Ion cars burn homes down. Spontaneous Combustions. Overseas workers die from making Tesla batteries. Fisker Cars Lithium Ion Explodes one-after-the-other. Multiple Tesla Fires Unreported. Boeing 787 proves Lithium Ion is unfixable. Where will it end? Multiple TESLA cars bursting into flames as batteries turn into potential… Continue reading TESLA cars bursting into flames as batteries turn into potential DEATHCAR of lithium explosive & deadly vapors, as predicted: COVER UP.
The industrial issues website at THIS URL has the following information posted: http://lithium-ion.weebly.com (A mirror of that site is shown below:) The lurking threat in your car and home “over a million failures of this chemistry and these batteries..” Go to http://www.ntsb.gov/ and demand action: “LITHIUM ION BATTERIES ARE MADE OVERSEAS BY CHEAP LABOR WHERE… Continue reading Lithium ion danger warning site raises huge red flags! Warnings ignored?
Newly discovered documents show Tesla failed all reviews and was only funded because White House staff ordered DOE to fund in order to compensate Tesla investors for campaign contributions. New discovered documents show that, at the time Tesla applied for DOE funds, it failed its technical, financial, asset, collateral, and merit reviews but was pushed… Continue reading Newly discovered documents show Tesla failed all reviews and was only funded because White House staff ordered DOE to fund in order to compensate Tesla investors for campaign contributions.
App Authentication Flaw Creates Tesla Motors Hack Concern. Your Tesla can spy on you and drive you off the road on command. While Elon Musk has admitted to the New York Times that he can spy on any Tesla at any time, personally, the story gets worse: The Tesla Model S is such an advanced… Continue reading App Authentication Flaw Creates Tesla Motors Hack Concern. Your Tesla can spy on you and drive you off the road on command.
Steven Chu and the Big Screw! 1. All of the people that nominated Steven Chu were Silicon Valley VC relations. 2. All of the people Steven Chu gave money to at DOE were the same Silicon Valley VC relations. 3. All of the applicants cut out of the DOE money were competitors of the Silicon… Continue reading Steven Chu and The Big Screw! FOLLOW THE MONEY…
Who are the “Lithium ion VC’s”? Say “Howdy” to the ACTUAL 1% Illuminati! —————————————————————————- “This matter has absolutely nothing to do with whether or not you like solar power or electric cars or gasoline or fracking or one technology over another. It has nothing to do with climate change; not a single thing. This is… Continue reading The “Lithium Ion” VC’s: Say “Howdy” to the ACTUAL 1% Illuminati ! How they copied the Mafia’s Playbook:
Another Rich Douchebag Car Company charged with bribing government officials re: crony kickbacks. Global investigation. Jail time expected. Rolls-Royce Holdings Says SFO Opens Corruption Probe – WSJ.com 4 hours ago … Rolls-Royce Holdings said the U.K.’s Serious Fraud Office has opened a formal investigation into bribery and corruption allegations involving employees of … in January… Continue reading Another Rich Douchebag Car Company charged with bribing government officials re: crony kickbacks. Global investigation. Jail time expected.
Google Kickbacks Google investors paid for the national election expenses and outside services and manipulated Google searches so they got: patent laws changed that benefit them, business tax laws changed that benefit them, free jet gas and free money for Google’s car company -Tesla. Tesla is owned and controlled by the owners of Google and… Continue reading Google Kickbacks. Tesla Connected?
Corruption Mapping – How to make a Corruption Map: 1. Define the issue as publicly stated. 2. Define the ACTUAL issue behind-the-scenes. 3. List the beneficiaries. 4. List their profit potentials for that issue. 5. List how much they spent on lobbying (AKA Bribes) in the last 3 years. Example: 1. Iraq human rights 2.… Continue reading Corruption Mapping –
Energy Department Staff find that the tracks they thought they covered up were actually NOT covered up… Oops! As departing energy department staff shredded and deleted as fast as they could, they thought they had covered the tracks of the theft and manipulation of billions of tax dollars which they routed to their friends.. not… Continue reading Bundlers and DOE Ex-Staff find that the tracks they thought they covered up were actually NOT covered up… Oops!
The Drop- Part 1 From a copy written article by Anthony Zucker to appear in a major European news journal. With a tip of the hat to the tip from the office of the notorious Mr. Glenn: From Portions of the article: “As the great recession was winding into a funnel cloud of throw-cash-at-anything and… Continue reading “THE DROP”
BOMBSHELL NEWS: Treasury abd OMB letters and documents reveal Tesla got “UNJUST REWARDS”. Taxpayer lawsuit to demand return of all money from Tesla. Senate investigations were revealed in major media nationwide today, disclosing that the Treasury Department and OMB had recorded in documents that Tesla’s DOE loan was rigged and that the loan Tesla received… Continue reading BOMBSHELL NEWS: Treasury and OMB letters and documents reveal Tesla got “UNJUST REWARDS”
Tesla suddenly announces new funding raise but lies about what it is for: Only a week after Elon Musk told the market on a live global phone-cast that Tesla did not need to raise more money, they suddenly need to raise massive amounts of money. Using the pretext that it is “just so we can… Continue reading Tesla suddenly announces new funding raise but lies about what it is for:
Auto industry revenge strikes Tesla, reduces value of Tesla’s by $30,000.00 The auto industry is not pleased that Tesla bought-it’s-way-in instead of earning-it’s-way-in like they did. For payback, they took extraordinary measures. Never in the history of the automobile industry has there been a concurrent release of a tapered-nose/ open-mouth grill design by multiple companies.… Continue reading Auto industry revenge strikes Tesla, reduces value of Tesla’s by $30,000.00
So they’re going to demonstrate the process for swapping the battery. Is there anyone who doesn’t believe they can swap batteries? The bigger problem is one of cost and practicality. Let’s say you want to set up a battery-swap station in a major population center. And let’s assume you want to be able to service… Continue reading Tesla “Battery Swap” doesn’t work already.
Google is now in trouble for spying on everybody. Google is one of the biggest “silent investors” in Tesla. Elon Musk has admitted to the NY Times that his cars are wired to report your location, route of travel, dashboard settings and other real-time use information back to his office. It is now also learned… Continue reading Tesla snoops on you worse than the spy guys. Tesla cars watch and listen to you.
BAY AREA FREEDOM POWERPOINT SLIDES SCRIPT- TOM DOLAN- Fremont, CA Let’s take a look: HERE IS HOW MANY PEOPLE FIRST HAD ACCESS TO DOE FUNDING: AND HERE IS WHERE THE TWO BIGGEST DOE TAXPAYER AWARDS WENT: (Show satellite map of USA) LETS ZOOM IN TO LITTLE FREMONT CALIFORNIA: (Show satellite map of Fremont) OH LOOK-… Continue reading “It’s the Real Estate, Stupid”: Are corrupt real estate deals behind Solyndra and Fisker?
Fisker Files For Bankruptcy. Owes $1 Billion. BY VIKNESH VIJAYENTHIRAN Electric car startup Fisker Automotive has finally filed for Chapter 11 bankruptcy, more than one year since it last built one its $103,000 Karma extended-range electric sedans. It means Fisker will fail to pay its remaining portion of a $192 million loan awarded to it… Continue reading Fisker Files For Bankruptcy. Owes $1 Billion.
Steven Chu Reaches for the ‘Master Switch’ Adam J. White June 10, 2013 As Daniel Halper noted earlier today, ex-Energy Secretary Steven Chu raises a lot of eyebrows in his recent interview with the San Francisco Chronicle, where his defense of the department’s loan guarantee program refuses to concede any lessons learned from the Solyndra… Continue reading Steven Chu Reaches for the ‘Master Switch’
TESLA SUCKING: TOO MUCH ENERGY Life With Tesla Model S: Even After Update, Vampire Draw Remains By David Noland Nov 25, 2013 The Tesla Model S, for all its technical and design artistry, has a dirty little secret: the car has a substantial appetite for kilowatt-hours even when turned off and parked. Since the Model… Continue reading VAMPIRE POWER DEFECT slams entire Tesla Model S fleet! TESLA SUCKING: TOO MUCH ENERGY
Is SolarCity’s use of Tesla batteries unsafe for homes and for Solarcity? Washington, DC – Solarcity has announced that they will be using Tesla’s lithium ion battery systems for their energy systems. Engineers are wondering if this is a good idea in light of the extensive numbers of lithium ion fires that have taken place,… Continue reading Is SolarCity’s use of Tesla batteries unsafe for homes and for Solarcity?
‘PLUG-IN AMERICA” is a shill organization funded by back-door money pass-longs and blind front “donations” from Silicon Valley VC’s, Tesla and their battery companies. They exist to push out fake, biased, slanted media hype which supports A123, Exide, Enerdel and other bankrupt battery companies which the Silicon Valley cartel invested in and bribed Congress to… Continue reading ‘PLUG-IN AMERICA” is a shill organization funded by Silicon Valley VC’s, Tesla and their battery companies
By Ronald D. White Just three days after Tesla Motors Inc. Chief Executive Elon Musk unveiled plans to greatly accelerate the rollout of his company’s coast-to-coast fast charger network, an expert in a competing technology was saying wait a minute, not so fast. Paul F. Mutolo, director of external partnerships at the Energy Materials… Continue reading Cornell University Says Tesla Batteries Are Failed in Technology and Plans
MONEY How Investors May Be Getting Fooled by Buybacks NEW YORK March 11, 2014 (AP) By BERNARD CONDON AP Business Writer If you’re puzzled why the U.S. stock market has risen so fast in a slow-growing economy, consider one of its star performers: DirecTV. The satellite TV provider has done a great job slashing expenses… Continue reading Credits fueled Tesla stock sale? Tesla manipulating stock reports?
Additional criminal evidence has been found to be posted at: http://atvmdoe.wordpress.com/ Apparently this was created, in part, by former lobbyists for General Motors and fired NUMMI workers. This shows that the entire auto funding and cleantech DOE program was a huge series of kickback schemes and political control boondoggles. Implicated in the scam are Senators,… Continue reading Additional criminal evidence found to be posted at: http://atvmdoe.wordpress.com/
Those who speak out get a contract put out on them. They are targeted for taxes, character assassination, job database black marks, blog attacks, insurance delays, email hacking and other seedy intimidation efforts that Big Washington insiders specialize in. DOE staff gave special consideration to Nissan and gave this Japanese company massive amounts of your… Continue reading Nissan Whistleblower facing constant intimidation and attacks.


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How does COVID-19 and its dramatic impact on our lives affect the business of marketing wealth management services? A prominent organization in the space, which has launched a series of marketing campaigns and programs this year, talks about what it has learned and how the field will not be the same again.
In May, Chicago-based wealth management group Hightower Advisors launched an offering called Elevate, a 20-week virtual business enrichment program. It is designed to help Hightower advisors master practical ways to propel their business forward through the pandemic and beyond. And in April it rolled out the “Engage” marketing platform in partnership with marketing technology firm Snappy Kraken. The platform is designed to help Hightower advisors maximize their reach, enhance client engagement and jumpstart growth. (See an interview with the firm here.)
Marketing matters a lot, and it clearly matters when there are lockdowns brought on by fear of a global pandemic. Conventional ways of marketing and “getting the message out” have been turned upside down. New digital technologies are being used to make an impression.
In this article, Abby Salameh, chief marketing officer at Hightower Advisors, considers the terrain and how COVID-19 affects marketing. The editors are pleased to share these insights and invite responses. Jump into the conversation! Email firstname.lastname@example.org and email@example.com
When I joined the Hightower team in the late spring of 2019, I had no idea how much change we’d be facing in the next 12 months. The challenge presented by a sudden, and now long-term, global pandemic was simply not on my (or anyone else’s!) radar. And then, it was.
In the space of a week, the entire wealth management industry and the rest of the corporate world had to make some rapid changes.
From suddenly accommodating a fully remote national workforce to supporting our advisors as they advised clients through the worst market volatility in a decade, it was clear that my 2020 marketing plans would need to be quickly adapted to the times. It was a forced catalyst for quick adoption of new tools and solutions.
Four months into this new normal, it looks as though our industry is going to be altered forever by recent events. And honestly? I think much of this change is for the better.
Physically distant, closer than ever
At Hightower, we have shifted away from hosting in-person events for our existing advisor community, for M&A prospects and for our own employees, but that doesn’t mean that we aren’t still seeing a lot of one another – albeit through a screen. This crisis has forced us to become virtual experts rather quickly.
In addition to the research and trial-by-fire learning we have all done, we wanted to make sure we were helping support our advisors as they navigated approaching this new normal with their clients. To help bolster this rapid switch from in-person to online events and meetings, we hired an external consultant for our Hightower community, who trains us on best practices for communicating and presenting virtually.
Additionally, and quite coincidentally, we were already in the process of building out our newly-launched digital marketing platform, which provides our financial advisors with custom content and campaigns, automated to drive leads and engagement through social media and email marketing. When we embarked on building this custom platform, we had no idea just how valuable it would prove to be.
Historically, we host several in-person events per quarter to bring our community together. In light of the pandemic, we have pivoted to using a third-party online event hosting platform which allows similar functionality and networking experiences that an in-person event would have: breakout sessions, general sessions, study group meetings, online exercise classes, and even virtual happy hours.
We recently hosted a virtual Investment Forum for 200 of our Hightower advisors; a three-day online event complete with an exhibit hall, activity-packed happy hours and roundtable sessions designed to bring our advisors together for peer-to-peer sharing.
This influx of virtual communication actually means we are talking with and also “seeing” each other more often, and it has ultimately led to better outcomes across the firm.


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January 26th, 2016
What do you get when you combine one of the leading online casino software providers with a legendary, multi-million selling rock band? The answer: the new Guns N' Roses slot game. Announced back in 2015 ahead of its January 2016 release, NetEnt's Guns N' Roses slot is not only a tribute to the rock band's landmark 30th anniversary, but a chance for online gamers to play a uniquely entertaining 20-line slot.
Available across all NetEnt enabled casino sites, including Leo Vegas Casino, 888 Casino and Mr Green Casino, the new slot has been created using WebGI and Pixie software engines to give the game's animations an industry-beating level of quality.
In addition to the cutting-edge software used to render the game, NetEnt has employed its innovative audio system to sync each beat of the band's classic songs with the action on screen. This means that players will be able to watch the reels spin and the bonuses drop in time with classics such as "Welcome to the Jungle", "Sweet Child O' Mine" and "November Rain".
Putting the game's aesthetics and soundtrack to one side, the new Guns N' Roses slot will offer five reels, 10 bet levels and 20 paylines, with coin values starting from as little as £0.01. The maximum payout within the game is 750 coins, but thanks to a range of bonuses, wild symbols and multipliers – including the 'Crowd Pleaser' bonus game, 'Encore' free spin and 'Appetite for Destruction' wild symbol – it's possible to boost winnings considerably.
NetEnt have also taken care to incorporate a range of user-friendly features to facilitate effortless play, including an Auto Play function that gives users up to 1,000 spins without manual intervention, as well as options to customise the audio and game speed settings.
Commenting on the cutting-edge title, NetEnt's Chief Product Officer Simon Hammon explained that the game provides a unique chance for players to enjoy the iconic hits of Guns N' Roses, as well as one of the company's most innovative slot products to date – which was reportedly built by a developer team of unprecedented size:
"Guns N’ Roses are huge and iconic and it’s great to launch with one of the most legendary rock bands in history. We've honoured them with our most ambitious [game] ever and NetEnt can't wait for players to have a chance to enjoy the musical game experience."
The new Guns N' Roses slot game was recently launched across various online casino platforms, and, in good news for smartphone players, it is also fully optimised for mobile, working seamlessly across the iOS, Android and Windows Phone operating systems thanks to its HTML5 architecture.
To check out the latest NetEnt slots, including Guns N' Roses, visit Leo Vegas Casino today!
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MSN UK Relaunches
The relaunch of the Microsoft MSN portal in the UK brought with it a new creative approach for the portal. The creative agency Duke & Earl were commissioned to develop a series of promotional materials to promote the new UK portal. The portal was rebuilt in vectors before Microsoft settled on the final layout. FNF created the visual style and animated the landing page. MSN’s new design and layout have gained a high degree of recognition since it launched.
Internet Explorer homepage
If you’ve got an Internet Explorer browser, you may want to change the MSN UK homepage. This popular entertainment and news portal has been revamped to work better with your browser. You can choose between the classic MSN home page, or use the new MSN Next. MSN Next has a news section that ranks stories based on how popular they are among other users. You’ll need the Silverlight browser plug-in to use it, and you can customize the experience for your Hotmail or Windows Live ID if you’re logged in.
If you’re using a Windows system, the default browser is Internet Explorer. This may happen due to a misconfigured network, or if your PC is blocked from certain URLs. If you are using the default browser, the MSN page keeps appearing even if you log out. You should check your internet connection settings to ensure that you’re using the latest version of Windows. If your browsers are set to use the same home page, you should be able to set MSN as your homepage.
Microsoft is adding a web video drama series called Kirill to its Xbox Live video section. The three-minute episodes of the show, produced by Endemol UK, are being run to increase the installed base of its Silverlight Flash competitor. Microsoft expects to hit a million downloads for the series by the end of the month. Kirill is a British-produced drama series that stars David Schofield. Several clips of the show have already been posted on YouTube.
MSN UK has expanded its editorial coverage and focuses on original content. In December 2006, Bale took the reins as executive producer and grew the team to 38. He hired freelancers and paid bloggers to help supplement the company’s editorial output. The site gained 26 million unique users in October and introduced its first original video content commission. This move has given the service a new lease on life. MSN UK’s video content strategy is clearly aimed at the millennial generation.
Microsoft has launched a new online video service in the United Kingdom, complete with 1,000 hours of full-length television shows. It will also include film trailers and video clips. Although Microsoft has struggled to build a credible library, it has partnered with independent production companies and worked on building a relationship with broadcasters. As of yet, the service does not have any broadcaster content. Ultimately, Microsoft will need to convince viewers that MSN’s video offering has a place in the online video market.
MSN UK has just relaunched its online multimedia section with the introduction of a new trending blogs feature. These trending blogs feature visualisations of the top three stories of the day, and also show the most popular phrases and topics surrounding these stories. The new feature was launched this weekend, and was displayed underneath the liveblog of the Eurovision contest. Advertisers can also benefit from the improved experience, as these features help to generate more engagement.
The new iPad app from Microsoft offers the latest UK news, sports, and entertainment from its six main channels. It also allows users to search via Bing. MSN UK’s Executive Producer, Peter Clifton, explains the purpose of the new app. Founded in 1990, MSN is already available on mobile, PC, and Xbox 360. This latest app is a step towards more mobile-friendly MSN. Despite its popularity, many users still feel that MSN’s mobile experience is lacking.
The company’s commitment to search started in 2003, when it decided to launch its own search database. This search engine debuted in Spring 2005 and was followed by a pay-per-click advertising service. It replaced Overture, which was owned by Yahoo. The new search engine also added new management tools to its platform. The changes were gradual but significant enough to make MSN the top choice for many UK users. Nevertheless, it’s still a long way from Google’s dominant position.


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Fuller's boss cheers 'Dunkirk spirit' of staff
Michael Turner, chairman of brewer Fuller, Smith & Turner today praised a 'Dunkirk spirit' among his staff which has kept the company in good cheer.
Fully optimistic: Fuller's chairman says staff are keeping their spirits up
Fuller's profits fell 6% to £12m for the six months to the end of September, a creditable result, he reckons.
'I am really pleased with the team's enthusiasm. There is a Dunkirk spirit out there,' he said.
Sales rose 1% to £94.4m. The brewer's plan is to operate the leading pub in any area, with a strong focus on food.
Turner wants to snap up rivals' pubs that are in danger of closing and says sellers have got more realistic about prices.
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Until now—starting this week, Helms and his co-creator, Salma Hayek (yes, that Salma), are rolling out a nationwide option. Dubbed BIY (Blend It Yourself), the nationwide subscription service features pre-portioned cups filled with good-for-you frozen ingredients that are ready for your Vitamix. And they're not just for drinking: The line of twelve smoothies includes three drool-worthy acai bowls and three "Beauty Blends" that are also face masks. (Subscription prices start at $51 for six cups.)
The idea started years ago—literally, when Hayek was a little girl in Mexico. "My grandmother took the leftover papaya when I was a kid and then poured some orange juice and smashed it and stuck it on her face," recalled Hayek at a recent intimate gathering in New York celebrating the launch. "It wasn't even blended correctly, and I said, 'You're crazy, look at you!' And she said, 'That's why I'm beautiful—look at my face.'"
Hayek wanted to bring this idea of fresh fruit for skin care to the whole country—so she called up long-time friend Helms. As a company that only has storefronts in New York, he was initially stuck on what to do with Hayek's beauty-slash-smoothie line idea—but he was open to serious expansion. "We had nationwide delivery before with Cooler Cleanse in 2008, which was extremely successful," he says. "We actually have a real connection with people outside of New York—we get hundreds of emails a day asking questions about juicing, and 90 percent of them aren't from the five boroughs."
So to bring exotic fruits like pitaya and mangosteen in frozen packages to doorsteps all across the country is a major move. But it's also a very forward-thinking one, synthesizing ascending wellness trends—like healthy subscription services and superfood-packed skin products—in one easy-to-make container. That's not all—it sits in what's becoming the hottest wellness real estate in your kitchen: the freezer. Companies like Daily Harvest and Green Blender have restored its cache by educating consumers that fruits and vegetables that are flash frozen at peak ripeness are more nutritionally dense than produce that's traveled for days (or even weeks) before sitting on a store shelf.
Then there's the fact that what's packed inside each BIY cup is actually pretty beneficial, from a complexion perspective. Among the skin-nourishing power players in the three beauty blends—which have different purposes, from repairing to renewing—are perennial fave avocado (whose essential fatty acids are crucial when it comes to keeping skin hydrated and plump), gently exfoliating papaya and lemon, hydrating aloe vera, antioxidant-rich spinach, and anti-inflammatory hibiscus. As for how to actually use the smoothie as a mask, in-person Hayek recommended using a brush to apply a thick layer (you could also slather it on with your fingers—don't be afraid to get messy). And yes, you're encouraged to drink the delicious leftovers—I asked Hayek and she replied, "Of course!"
"[Hayek] has a couple other beauty ideas in the works we'll be releasing later."
It's just the tip of the very pretty iceberg, according to Helms. "[Hayek] has a couple other beauty ideas in the works we'll be releasing later," he says. "It's really on-trend right now at a time when women are looking for natural, organic ingredients. She's always joked that you have to do what it takes to look good—so if it's walking around with kale and papaya on your face, you do it."
And unlike sitting on an airplane wearing a sheet mask, this healthy skin option is also delicious. "The smoothies were not designed to taste good—they were designed to make you look good," quipped Hayek. "Now you can have both at the same time. Yes girls, you can have it all!"
You'll need a powerful blender to whip up those BIY cups—these are the 5 best editor-tested and approved options. For something slightly more chewable, try this Juice Generation-inspired jackfruit taco recipe.
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Publishers are bracing for a pullback in advertising amid the Covid-19 pandemic. And one big shoe has already dropped: Amazon and Walmart have temporarily suspended commerce marketing deals with digital media firms such as BuzzFeed, two people familiar with the situation said.
Commerce marketing has become an increasingly important part of revenue for online publishers such as Vox Media as well as BuzzFeed. Under most deals, the media sites publish posts about shopping with links to retail websites. If people click through the posts and end up buying something, the media sites get a cut of the revenue. BuzzFeed is more exposed than other digital media firms: It got about 20% of its revenue last year from the business, with half of that coming from Amazon and Walmart, the people say.


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Cox Communications is offering “On-site with Virtual Assist” as a way to maintain customer service without endangering subscribers or technicians during the COVID-19 pandemic. Initially launched in California and Sun Valley, Idaho, Cox On-Site with Virtual Assist is now available for residential and business customers in all Cox markets.
Cox is partnering with Help Lightning on the initiative. Subscribers access the platform through the Cox website or Connect app. A tech will contact them and ask if they prefer a call, text and/or video chat to handle their issue.
If they prefer video and have a smartphone with a rear-facing camera, the tech provides them with a text message containing a link. That link enables the tech to “have eyes” in the customer premise. The tech can use augmented reality to lead subscribers through common processes such as in-home setups and tightening fittings on the cable boxes.
Even in normal times, such an approach provides value in saving tech time and reducing fleet costs. Cox On-site with Virtual Assist “has been a priority of ours for quite some time, but the rapid escalation of COVID-19 accelerated our push to make this available to our customers now,” Cox Executive Vice President and Chief Operating Officer Len Barlik said in a press release. “Knowing we’re focused on helping keep our customers and employees safe, our team readied this offering in just 10 days.”
Some technologies will have their profiles raised by the massive disruption caused by the pandemic. Tele-health and tele-education, for instance, are likely to benefit as they move from the periphery to the core of how people receive medical care and are educated.
Industrywide, fleet management may also get a push. Mobile fleets are one of the great expenses for service providers. Using evolving smartphone and AI technology to reduce truck rolls – and eventually fleet size — is a long-term goal.


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28 June 2016
28 June 2016
Strongwell Corporation has been recognised by the Southwest Virginia Technology Council, winning the ‘Advanced Manufacturing of the Year’ award for Strongwell’s overall achievements in advanced manufacturing in the southwest Virginia region, US.
Strongwell explains that it is actively involved in numerous efforts to promote the advancement of manufacturing and manufacturing careers. Strongwell’s participations ranges from involvement in efforts such as the Institute for Advanced Manufacturing Innovation (IACMI), a multi-year $250 MM domestic public-private partnership to create product and employment growth in advanced composite manufacturing, to the ongoing promotion of science, technology, engineering and math (STEM) education.
David Ring, who accepted the award on behalf of Strongwell, stated in his remarks, “To be an advanced manufacturer requires a team of committed people as well as a leadership team dedicated to the success and advancement of its products and its employees.”
North Thin Ply Technology (NTPT) and Richard Mille have signed a long-term collaboration and exclusive supply agreement. The new multi-year contract will see NTPT develop and provide its lightweight thin ply materials exclusively to Richard Mille for horology, jewellery and luxury stationery items.
Global Composites, a new international conference jointly hosted by NetComposites and the American Composites Manufacturers Association (ACMA), will take place at Caesars Palace in Las Vegas, US, on 27-28 June 2018.
The UK's Engineering Industries Association (EIA) and the Manufacturing Technologies Association (MTA) have received confirmation of government funding for UK engineering companies to exhibit at overseas trade shows.


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News By Tag
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Keeping Your Children Occupied During The Coronavirus Restrictions
A new service offering a unique way to keep children (and adults too) occupied during the coronavirus movement restrictions has just been launched.
When children are unable to attend school because of the restrictions in place throughout numerous countries this service gives an educational yet fun solution to keeping children occupied once they have completed their school homework.
To celebrate the launch of their new service, The Puzzles For Puzzlers Club is delighted to announce a special offer for new members. Puzzles For Puzzlers is offering the first month's membership of the club for just $1.00.
Puzzles For Publishers offers a wide variety of puzzles books including sudoku puzzles, word searchs, cryptograms, word matches and word scrambles (anagrams) and all the books supplied to its members are brand new and unavailable elsewhere.
"We realise that a lot of people are going to have a lot of problems keeping occupied whilst the coronavirus movement restrictions are in place so we are offering The Puzzles For Puzzlers Club to help with this. This service enables our members to get five new books each month, delivered directly to their inbox, to print at home, to help keep themselves and their children occupied, entertained and educated during these trying times. It is proving to be very popular with puzzle lovers and parents and with our $1.00 offer they just can't go wrong. " said spokesperson Séraphine Marie.
For more information about the club or to discover how they can help you during these difficult times visit their website at http://puzzlesforpuzzlers.com/
Page Updated Last on: Mar 17, 2020


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Do not mention the UK retail sector to investors these days: it’s never cheap enough.
While that view holds true for most food retailers, in the non-food world one may beg to differ. Ted Baker (LSE: TED) is a valuable proposition, for instance, while Burberry (LSE: BRBY) looks a tad overvalued, but it remains a strong business that should not be overlooked.
Ted Baker (Market Cap £881m)
Its three-year performance reads +165%. In recent times, however, the stock has been under pressure and is down 9% this year. Why so?
Latest figures, expansion plans and a strong track record signal that Ted Baker deserves attention. Ted Baker today released an interim statement for the 19-week period from January 26 to June 7, which made for a good reading. As the business grows, profits rise and online sales thrive.
Its revenue and operating profit have doubled to £320m and £40.6m, respectively, in the last four years, and they are both expected to double by the end of 2018. It net income margin hovers around 9%, while earnings per share are steadily growing.
Its operating cash flow profile is healthy and supports growth in capital expenditure. If anything, one could argue that a balance sheet carrying just £37m of debt, and a gross cash position of £28m, could become “more efficient”, given that more debt – i.e. higher leverage – would boost return on equity. Leverage in the retail sector is risky, but could reward awesomely if debt capital is properly deployed.
Burberry (Market Cap £6.5bn)
Lots has been said and written about Burberry in recent times. Quite simply, the British fashion house is underperforming and is finding it difficult to live up to its excellent standards. What appears evident is that investors have less faith in the combination of “luxury + emerging market”, which dominated the headlines in the wake of the credit crunch. As such, the valuation of Burberry has been impacted.
In the last 12 months, shareholders have enjoyed a capital gain slightly above UK inflation. Its dividend yield is lower than that of the FTSE 100, and the index has outperformed Burberry by 3.4 percentage points in the last 12 months. The two have recorded a similar performance year to date.
As its growth rate slows down, investors wonder whether its valuation is appealing. Burberry is not cheap, and based on its trading multiples, it looks a tad overvalued. Still, as long-term growth in emerging market may be restored, Burberry should be on the radar. A takeover should not be ruled out.
SuperGroup (Market Cap £927m) & boohoo.com (Market Cap £523m)
SuperGroup (LSE: SGP), the owner of the Superdry label, has had a poor run on the stock market this year, with its stock down 21%.
SuperGroup has done better than boohoo.com (LSE: BOO) — an online fashion retailer whose relative valuation is completely out of whack with reality — but Burberry and Ted Baker have outperformed it by 20 and 12 percentage points, respectively, in 2014.
SuperGroup did not meet bullish estimates from analysts in May when the pinch was felt, but the real problem is that as it grows, margins shrink. This trend has been visible in the last four years and it looks like it may be a major issue in months to come.
Alessandro doesn't own shares in any of the companies mentioned. The Motley Fool has recommended shares in Burberry.


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Cofoe American mask sold to the Iran
Apr 02, 2020 · restricts sale of N95 face masks, surgical gloves to the public. The company said it's now selling these high demand medical supplies exclusively to hospitals and government agencies. 3 Reasons to Not Buy a Gas Mask - Gun DigestAug 23, 2012 · 2. Gas Masks Have Expiration Dates. Many surplus military stores offer gas masks. However, buyers and sellers may not know the expiration dates of what's being sold. Just like anything else, the components that protect from chemical agents break down over time. That's why it's important to know when the gas mask expires.
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Jan 22, 2021 · MIAMI (AP) A Colombian businessman was carrying a letter from Venezuelan President Nicolas Maduro accrediting him to Iran's supreme leader when he was arrested on a U.S. warrant last year, according to a new court filing in a politically charged corruption case ratcheting up tensions with the South American nation. Sold in America:The Trafficking (VIDEO) - NewsyAcross the U.S., thousands of people are trafficked for sex each year. Newsy spoke to survivors and explored what can be done to help. This is one of three episodes in Newsy's "Sold in America UN watchdog confirms another Iranian breach of nuclear dealJan 14, 2021 · The United Nations' atomic watchdog agency confirmed Thursday that Iran has informed it the country has begun installing equipment for the production of uranium metal, which would be another violation of the 2015 landmark nuclear deal with world powers. Iran maintains its plans to conduct research and development on uranium metal production are part of its declared aim to design an
Sep 09, 2020 · US ambassador residence in Israel sold to Sheldon Adelson Lab tests suggest Israeli-made face mask eliminates over 99% of coronavirus. 2 Iran News. Coronavirus. World News.


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Sod turned for GY $150M Amaya Milk Plant at Onverwagt
Today several senior government officials joined the owner of the Amaya Milk Company for a sod-turning exercise to signify the commencement of the construction of a multi-million dollar state-of-the-art milk processing facility.
The facility, which is being constructed at Onverwagt, West Coast Berbice by Canadian-based investor Omkarr Sharma, saw an initial investment of $150 million.
In March of this year, a Memorandum of Understanding (MoU) was signed between the Amaya Milk Company, the Guyana Office for Investment (Go-Invest), and the Ministry of Agriculture for the construction of the facility.
While delivering remarks at the sod turning, Minister Mustapha said that the investment represents a remarkable opportunity for the transformation of Guyana’s traditional dairy industry.
“It signals the development, expansion, and stabilization of the dairy industry and a potential reduction in our imports of milk and milk products which continue to be extremely high. This investment is very timely, as imports of milk and milk products continue to be extremely high. Guyana’s import bill on milk and milk products (milk and cream, cheese and curd, and buttermilk) in 2020 was recorded at approximately US$38 Million or about G$8 Billion. Which represents about 25% of Guyana’s food import bill. Further, milk and milk products represent approximately 90% of the total value of all the livestock products imported. Therefore, such as investment as this will have a significant impact on reducing our dependency on milk and milk products and by extension creating food security and jobs opportunities. And there exists potential to expand this to CARICOM region markets which import about US$378 Million in dairy products,” Minister Mustapha said.
Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh in his address said the establishment of the milk plant demonstrates the kind of value-added opportunities that exist in Guyana.
“I’m particularly pleased to see Amaya proceeding with an investment that will clearly contribute to value-added processing. What we’re witnessing today is a demonstration of the kind of value-added opportunity that exists. This is an example of what can be done with a primary product; value-added processing to deliver a good world-class product to the Guyanese consumer and others living in Guyana and buying Guyanese products. This is, in fact, part of a broader wave of investments that we’re seeing and when I see a world-class product, whether it is bottled milk or bottled juices or some other spice or condiment packaged in a world-class package, ready for the international market place, it tells me that we are finally taking that critical step that we’ve long advocated,” Dr. Singh said
The project is expected to be rolled out in two phases, the first phase focusing specifically on the production of pasteurized milk. Phase two, which is expected to commence within two years, will see the company producing other milk-based products such as yogurt and flavoured milk, specifically strawberry and chocolate, among other unique flavours.
Omkaar Sharma in his address credited the open invitation issued by His Excellency, President Dr. Mohamed Irfaan Ali to Guyanese from the diaspora to invest in the country and the work of the Guyana Office for Investment for easily facilitating the process that led to the sod-turning so soon after signing the MOU back in March of this year.
“We have all the conditions for a successful dairy sector. We have the land, we have the animals, we have the people, and we have the knowledge. When Dr. Ali was elected President and he invited the diaspora to come back and invest in Guyana, I knew that the time had come. His decision not to solely rely on oil and gas for Guyana’s growth was hartening and his focus on agriculture was music to my ears. When I saw the hard work put in by our Honourable Minister of Agriculture as he tirelessly works to promote agriculture in Guyana and the efforts of Dr. Ramsaroop to attract investment to Guyana and to make that process as easy as possible I knew that this government meant business and that this project would succeed,” Mr. Sharma said.
Initially, the plant will be able to produce 100 gallons per day. This amount could later increase to 800 gallons a day depending on the supply from farmers. At capacity, the facility is expected to make in excess of $75 million per month in direct payment to dairy farmers in Regions Five and Six.
It is expected that the construction will be completed making way for Amaya’s products to be on the shelves of local supermarkets by April 2022.
Earlier in the year when news of the MOU that was signed between Amaya Milk Company and the Government of Guyana for the construction of the milk plant broke, persons expressed their satisfaction with the return of the production of pasteurized milk in Guyana.
With the introduction of Amaya’s products to the local market, it is expected that Guyana’s milk import bill, which is currently estimated to be US$35 million per annum, will see a significant reduction.


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Matthew Ruder, of Pekin, Ill., displays the Illinois Lottery app on his smartphone this month in Peoria, Ill. Ruder likes the convenience of the app for buying tickets. (Daryl Wilson, For the Chicago Tribune)
SPRINGFIELD — — When Illinois launched its first-in-the-nation lottery app in January, Matthew Ruder quickly signed up so he could jockey for jackpots with just a tap of the finger on his smartphone.
"It's really easy to buy lottery tickets on the big draw days," said Ruder, 40, of Pekin in central Illinois. "I can just log in to it, add some money to it, buy some tickets, and then I have them right there instead of stopping at the store. It just makes it easier sometimes."
State lottery officials hope the app attracts more players, especially younger gamblers who've grown up in an on-demand world. The app has about 128,000 downloads so far, generating a modest $813,000 in sales.
But the app is drawing criticism on a couple of fronts. Anti-gambling activists question the wisdom of making it more convenient to play the lottery, citing the risk of increased addiction. "Gambling can really ruin people's lives, and now by having an app it can ruin lives 24/7," said Anita Bedell, executive director of Illinois Church Action on Alcohol and Addiction Problems.
Convenience store owners don't appreciate giving gamblers a reason to stay away from their shops, saying they feel double-crossed.
Illinois Lottery Director Michael Jones discounts both concerns, saying officials have tools to stop excessive online ticket buying and arguing that players who try the lottery online might be more inclined to try other lottery games such as scratch-off tickets when they stop at convenience stores.
"This is a significant opportunity to broaden the lottery's player base," Jones said.
The lottery's ability to go online was tucked into a 2009 state law that authorized a statewide construction program by raising taxes and fees on liquor, driver's licenses and candy bars. The measure also legalized video gambling and set up a trial program to allow people to buy lottery tickets using their computers.
At the time, online gambling remained stuck in a murky area with the federal government, but the U.S. Department of Justice gave a green light in December 2011. Within months, Illinois started online lottery sales. Less than two years after that, there's an app.
The app was created by Northstar Lottery Group, the company the state hired in 2010 to manage the Illinois Lottery. Gamblers can get in on the action of popular games like Mega Millions and Powerball and quickly check winning numbers.
While the app is free, there's a $5 minimum purchase. To buy tickets and collect winnings, users have to create an account and link it to their credit card, which lottery officials say is a way to ensure that people younger than 18 aren't playing. In addition, there are purchase limits of $150 a day, $1,050 a week and $3,500 a month.
A Northstar spokeswoman said there have been no big winners on the app yet, but several gamblers have snagged $1,500 prizes. Winners can get their money sent to their bank account or request a check.
As is fairly common with the rollout of an app, there were some bugs when it debuted. Ruder said he had trouble signing on and became frustrated by frequent crashes. Other users had trouble verifying purchases, according to comments in the Apple App Store.
To fix some of the technical issues, Northstar updated the app it had built a month after its release. There are still some complaints about the design, however.
Tim Miller, a sophomore computer science major at the University of Illinois who created dozens of apps to help pay for school, said the app closely mimics the lottery's Web page instead of feeling like something designed for a smartphone or tablet. Karrie Karahalios, a U. of I. computer science professor, said the design isn't visually appealing and lacks the easy-to-use buttons that make an app like Candy Crush popular.
"There's a lot of blue space between games," she said. "The numbers are also very small, so I can see that being an issue with some of the older people who want to use it."
Ruder would like more functionality. "I think it would be useful if the app had a feature where people could scan their scratch-offs to see if they won, and if they did, redeem the prize on their phone," he said.
Northstar hasn't pushed the app with a big ad campaign yet. Gamblers can find out about it on the lottery website, iPhone users can search the app store, but Android users must download from illinoislottery.com.
Northstar, which became the nation's first private manager of a state lottery when it took over in July 2011, is under pressure to increase sales. Northstar has missed its targets so far, even as a state board appointed to oversee the lottery has questioned whether the company is doing enough to promote the games of chance among the more affluent instead of relying on low-income gamblers.


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Mexican Economy to Grow 5 Percent in 2021: DeloitteBy Alejandro Enríquez | Mon, 06/28/2021 - 08:00
Deloitte raised its expectations for Mexico’s economic growth during 2021 from 4 percent to 5 percent, indicated the company in its Economic Insights report. The economic recovery will be mostly driven by export-driven industries, including automotive, electronics and other industrial goods. "Export-related sectors, such as manufacturing and agriculture, have performed better and many of them have already exceeded their pre-pandemic levels," writes Daniel Zaga, Economic Analysis leader at Deloitte Mexico.
The report says that despite the economic rebound, the Mexican economy remains 5 percent below its 2019 levels. During 3Q2020, the country began a recovery that soon halted by the second wave of COVID-19 infections. But now, vaccination efforts are moving forward. By June 23, over 29 million Mexicans had received at least one dose of a COVID-19 vaccine, reports Our World in Data. Vaccination efforts are leading to an increase in mobility and consumption.
The economic recovery will vary from sector to sector. "While the positive trend of export-oriented and consumer industries is a move in the right direction, the steep decline in other industries, such as leisure and hospitality, will remain a challenge," writes Zaga. Industries such as machinery and transportation equipment remain 5 percent below their pre-pandemic levels, while sectors such as computer, mining, agricultural and food manufacturing equipment have already surpassed pre-pandemic levels.
Exports have supported Mexico's economy given the dynamic recovery of the US economy. According to Deloitte, Mexico's trade balance saw a surplus of US$26.6 billion, or 2.4 percent of GDP, in 2020, its highest level recorded. In March 2021 alone, exports grew 31 percent year-on-year. That being said, the automotive sector has suffered chip and gas shortages. "Despite this strong performance, exports of automobiles and other transportation equipment contracted 5.2 percent. The automotive industry, one of Mexico’s most important manufacturing sectors, has also been impacted by the disruptions in the global supply chain of semiconductors," Zaga writes.
Foreign Direct Investment Grows
During the past weeks, MBN documented new automotive investments in the Bajio area, including Aguascalientes and Guanajuato. Figures from Mexico’s Ministry of Economy back this trend. FDI on vehicle and auto part manufacturing during 1Q2020 was about US$1.32 billion. During 1Q2021, FDI in those sectors amounted to US$1.7 billion, a 29 percent increase.
On accumulated figures, over US$80.3 billion have been invested in the automotive sector since 1999, which accounts for the 13 percent of total FDI in the country. Out of the total FDI invested since then, Chihuahua has received 15.3 percent, Coahuila received 10.5 percent, Nuevo Leon 9.2 percent, State of Mexico 8.9 percent and Guanajuato 8.9percent. More than half of the total FDI in the automotive industry has been directed at auto part manufacturing.


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Oracle CEO Predicts Prolonged US Economic Recession
Complete video at: fora.tv Oracle CEO Larry Ellison says he does not foresee a substantial recovery in the US economy for at least five years. “The problem is the American consumer is so deeply in debt,” he says. “We’re not going to have rapid recovery from this.” —– Larry Ellison is one of the most successful business leaders in the world today. Don’t miss this rare opportunity to hear Ellison speak his mind about the future of tech, the industry, the world, and more, in conversation with tech veteran Ed Zander. Industry giants Larry Ellison, Oracle CEO, and Ed Zander, former CEO, Motorola, and former president of Sun Microsystems, take the stage in this rare, unscripted discussion. – Churchill Club Larry Ellison has been CEO of Oracle Corporation since he founded the company in 1977. He also races sailboats, flies planes, and plays tennis and guitar.


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Egypt’s manufacturing sector is not known for its high degree of specialization in electronics and, like many others, the country has traditionally relied heavily on imports for its technology.
In a recent interview with PYMNTS, Dr. Tamer El-Hussainy, CEO of Egyptian payment company Damen, highlighted how persistent supply chain issues were affecting the supply of some critical hardware components in China, negatively affecting the Damen’s ability to meet demand from its point of sale system.
Related: PayTabs Egypt, Waffarha partner on digital payments for online purchases
But although the country’s advanced electrical manufacturing industry is small, the good news is that it is starting to show great promise.
In the country’s industrial hubs, local companies such as SICO Technology have paved the way for local electronics manufacturing, bolstering Egypt’s potential as a regional high-tech manufacturing powerhouse.
At the same time, since 2015, a government initiative known as “Egypt Makes Electronics” (EME) has been launched to help build the nascent sector, attract foreign investment and encourage international manufacturers to set up shop in the country. .
In a historic victory for the EME initiative, Vivo, the largest telecommunications company in Brazil, opened its first smartphone production plant in Egypt last month. During an inaugural tour of the new factory, Egyptian Communications Minister Amr Talaat said the partnership with Vivo has already attracted $20 million in investment to the country and is expected to create 1,500 new job opportunities. within a year.
In addition to the new Vivo factory, it was revealed this month that Finnish mobile phone maker HMD Global has signed a deal that will see the company manufacture various models of its Nokia mobile devices in Egypt, with production to start from here the end of the year.
The new Vivo facility and the recently announced Nokia deal are a significant boost for the local manufacturing ecosystem that will not only help improve Egypt’s expertise in the field, but also ensure that the workforce The local work is equipped with the right skills, education and technology. necessary to stimulate the growth of the sector.
Global manufacturing for global companies
With the arrival of two of the largest mobile phone manufacturers in the world, Egypt is suddenly emerging as a regional leader in the field and making the country an attractive destination for similar companies looking to establish manufacturing hubs. In the region.
Additionally, with new production capacity in Egypt, Chinese and Finnish technology companies can strengthen their ability to cater to high-growth markets in the Middle East and North Africa (MENA) and sub-Saharan African regions. .
This rise of a strong smartphone industry in Egypt has significant benefits that can help minimize the challenges companies like Damen have faced sourcing electrical components, insulating them from external supply chain issues. in the future.
In fact, given the global shortage of silicon semiconductors that has impacted the supply of everything from game consoles to cars, multinational companies seem to be challenging the manufacturing model that concentrates too much capacity in a small number of locations.
Read more: Chip shortage forces Toyota to cut production
One of the world’s largest silicon chip makers, the Taiwan Semiconductor Manufacturing Company, last year announced plans to open a new factory in Japan and is said to be in talks with the Singapore government to open a plant there.
More on this: Semiconductor maker to build new Japanese chip factory
Meanwhile, Samsung announced last year that it would build a new $17 billion semiconductor factory in Texas, its biggest U.S. investment to date.
As Egypt’s manufacturing sector matures, smartphones aren’t the only growth opportunity the country can take advantage of. As international trade seeks a more distributed and resilient manufacturing model, the North African nation may well continue to attract multinational companies seeking to establish more global production and export facilities in the country.
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Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.
The central aim of the study, which will be published Spring 2017, is to advise regulators and authorities on how to ensure regulation doesn’t impede innovation or competition.
The Drummer from Keys N Krates Tells Us Why He Doesn’t Care About Material Things but Still Wants a Gold Rolex(WEALTHSIMPLE)
Adam Tune from the Toronto band talks about how his most valuable financial lessons came from realizing he could live happily being broke. (sponsored)
ReUp’s white-label mobile payment platform allows independent businesses to build their own native mobile payment apps.
The deal, which includes key personnel and intellectual property specific to Coin’s wearables payment platform, is intended to fast-forward Fitbit’s ability to put NFC payments in its devices.
Pali Bhat, Google’s senior director of product management for Android Pay, says that one and a half million users in the U.S. now set up Android Pay on their phones every month.
RBC Has ‘Secret Weapon’ in FinTech Fight(BLOOMBERG)
Presented without comment.
A look at each of the individual blockchain ventures that have ranked in the top 25 of crowdfunding campaigns.
Blockchain open sources Thunder network, paving the way for instant bitcoin transactions(TECHCRUNCH)
The Thunder network is an alternative network of nodes that lets you make off-chain bitcoin payments in seconds and settle back to the bitcoin blockchain every now and then.
UGO Wallet, for Android devices running on operating system version 4.4 or higher, will now use encrypted tokens during mobile Visa payment transactions.


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By David Rood
A DECISION to allow genetically modified canola to be grown in Victoria has inflamed dissent in the Brumby Government and sparked warnings that non-GM farms could be contaminated.
Anti-GM activists have also lashed the decision, saying consumers face a growing array of food made from GM material — without always knowing when they are buying it.
But the move was welcomed by rural interests as sensible, and backed by scientists who say the risks of adverse consequences are minimal.
Farmers in Victoria and NSW will be free to plant genetically modified canola from early next year after both states yesterday announced the lifting of bans on the controversial crops — despite appeals not to do so from Western Australia and Tasmania.
The Brumby Government accepted a recommendation from a scientific panel headed by Victoria's chief scientist, Sir Gustav Nossal.
Announcing the decision, Premier John Brumby said it would boost the economy and help the environment.
Cabinet approved the lifting of the ban on Monday, despite stinging criticism of the Premier from some of his own MPs.
Copies of Sir Gustav's review were released by the Premier only after it was announced that the ban would be removed.
Labor MP Tammy Lobato said she was disappointed that MPs had been left out of the process. She said an independent panel should have investigated the issues and its report released for public discussion.
Another MP, who declined to be named, said Mr Brumby was "treating caucus like idiots".
But another MP came to Mr Brumby's defence, saying he had been open on the issue and given all sides a good hearing.
The Age revealed on Saturday that Mr Brumby faced a revolt over the issue, with one MP branding him arrogant and criticising his "crash-through" style. "He just won't listen," the MP told The Age. "He's good at numbers but he can't read people."
Five Labor MPs wrote to Sir Gustav's panel expressing fears about GM crops and calling for the moratorium to be kept.
Yesterday Mr Brumby was unapologetic, saying it was the "nature of politics" that people with strong views would be critical of views they didn't like.
"I have listened to the views of caucus and in my own heart I have done everything right in terms of listening," he said.
Mr Brumby said removing the ban would deliver greater choice to farmers and consumers and generate $115 million in economic activity in Victoria over eight years.
He said GM canola would also benefit the environment by requiring less pesticide on crops, and argued that GM technology could bring other benefits such as salt-resistant and drought-resistant grains and allergy-resistant grass.
Sir Gustav said he was confident that industry could keep GM products segregated from the farm gate to the supermarket. Keeping the moratorium, on the other hand, would have had a negative impact on scientific research and development.
He said he was "sure as I can be of any other thing that the health and environment aspects of GM canola have been thoroughly examined". But he conceded that in some people's eyes, there would be damage to Victoria's clean, green image.
Bob Phelps of Gene Ethics said there was no labelling of GM canola foods so the food on shelves would leave shoppers without a choice.
Canola products, such as margarine and oil, are heavily refined and are therefore not covered by labelling requirements on GM products.
The organic food sector criticised the Government for not introducing buffer zones around GM crops.
The Victorian Farmers Federation, backing the decision, said farmers had to compete against 10 million farmers in 22 countries using GM products. "It is unfair to the Australian farmer not to have the choice to use that technology," the federation's Simon Ramsay said.
The Nationals said the decision was a victory for common sense. "GM crops will require less pest and weed control, use less water and potentially reclaim salt-affected land," leader Peter Ryan said.
But Greens upper house MP Greg Barber said GM canola could contaminate nearby crops and genetic traits, such as herbicide resistance, could cross into weed species.
With ORIETTA GUERRERA, AAP


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Goldman Sachs predicts that growth in the US core personal consumption expenditures (PCE) index will nearly halve by the end of 2022, as the US bank expects commodity price increases and supply-chain constraints to ease after causing near-term price spikes.
Goldman Sachs economists predict that the core PCE index, the Federal Reserve's preferred inflation measure, will fall to 2.3% by the end of next year, down from 4.4% at the end of 2021, as demand for goods moderates and the peak stay-at-home and stimulus effects fade.
While the current inflation overshoot is "startling," they attribute it entirely to a surge in durable goods prices, which is being driven by severe and persistent supply and demand imbalances. "The current inflation surge will get worse this winter before it gets better," Goldman's chief economist Jan Hatzius said in a note.
"We do expect persistent inflationary pressure from faster growth of wages and rents, but only enough to keep inflation moderately above 2%, in line with the Fed's goal under its new framework."
The PCE index rose 0.2% in September, following a 0.3% increase in August, excluding volatile food and energy components. For the fourth month in a row, the so-called core PCE price index increased 3.6% in the year to September.


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FASTURN ACQUIRES CONSULTANTS TO LINK UP WITH IMPORT DATA
Byline: Katherine Bowers
LOS ANGELES — Fasturn Inc., a business-to-business online market focused on apparel and textiles, is expected to announce today it has acquired import management and consulting firm International Business and Economic Research Corp., which counsels several major apparel players.
The roster of clients at IBERC, a 30-year-old concern based in Washington, D.C., includes Abercrombie & Fitch, Ann Taylor, The Charming Shoppes, Federated Department Stores Merchandising Group, J. Crew, and the government of Sri Lanka, among others.
Fasturn declined to comment on the financial terms of the deal but did say IBERC will remain in Washington and operate as a division of Fasturn, which is based here. IBERC employs six people, including company founder Mike Daniels, who now reports to Marilyn Tam, Fasturn’s president.
As a result of the acquisition, Fasturn has gained access to IBERC’s client list and will be streaming IBERC’s daily quota price and quota availability for various categories of apparel and textiles, onto the public and private marketplaces, created for certain clients, at Fasturn, according to Marilyn Tam, Fasturn’s president.
Fasturn will also use the data to calculate the landed cost of garments — the cost of garments arriving in the U.S. — for various sourcing scenarios. According to Tam, determining the landed cost of goods is typically a lengthy calculation that involves getting a price from a manufacturer’s agent and adding to it the costs of loading, shipping, import duties, and quotas — which can fluctuate daily.
“[Importers] can get [that information] now, but it’s complicated,” Tam said. “This will streamline the process and allow comparisons. It can help [users] decide which country to go with and whether the landed cost is within their pricing realm. It can also help them decide on markups and how to position their lines.”
IBERC data and analysis will be available for users to browse in the news content portion of the Web site at Fasturn.com, and in a spreadsheet that gives an overview of where quota is running out and where it is available, according to merchandise category. A landed-cost calculator application is expected to be functional on Nov. 1, in both Fasturn’s public and private apparel and textile e-marketplaces.
For his part, IBERC’s Daniels said the acquisition is well timed to address dramatic shifts in quota regulations, including the Caribbean Basin Trade Initiative, which went into effect Oct. 2 and ended all quotas and duties on apparel made in CBI nations using U.S. yarn and fabric. Also on the horizon: the expiration, on Jan. 1, 2005, of U.S. apparel and textile import quotas for all World Trade Organization members. China and Taiwan are expected to be WTO members by then.
“The quota system as we know it now will disappear,” Daniels noted, “and we believe there will be other efforts to control trade.”