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Pavlo Gonchar | LightRocket | Getty Photos
Robinhood fired again at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week mentioned the free-trading app was having a “regrettable” impression on traders.
The longtime enterprise associate of Warren Buffett on Wednesday addressed the running controversy over Robinhood and related functions, noting risks from the attract of simple, free buying and selling.
“Nobody ought to consider Robinhood trades are free,” Munger, 97, mentioned. “The frenzy is fed by people who find themselves getting commissions and different revenues out of this new bunch of gamblers.”
He added that the app has created “a tradition which inspires as a lot playing in shares by individuals who have the mindset of racetrack bettors. … It is a soiled manner of creating wealth.”
A press release Thursday from a Robinhood spokesman took sharp exception to the remarks.
“In a single fell swoop a whole new era of traders has been criticized and this commentary overlooks the cultural shift that’s going down in our nation at present,” the assertion mentioned. “Robinhood was created to permit individuals who do not have entry to generational wealth or the sources that include it to start investing within the U.S. inventory market. To recommend that new traders have a ‘mindset of racetrack bettors’ is disappointing and elitist.”
Each commentaries referred to a latest groundswell amongst retail traders who’re combining the comfort and free trades of Robinhood with viral platforms supplied by social media, notably the Reddit message boards.
In essentially the most evident instance, investors have piled into GameStop, a closely shorted inventory that has seen its value explode greater in latest weeks amid a surge in Robinhood-based trades that created a large brief squeeze.
Although the hypothesis has created intense market volatility, Robinhood asserted that its product is offering alternative.
“It must be celebrated that we’re seeing market traders start to diversify, and that training and consciousness in regards to the values of investing are diffusing additional into beforehand untapped generations,” the assertion mentioned.
Munger is not the one Robinhood critic – others have accused it of turning inventory buying and selling right into a harmful sport, from which it advantages by means of payment for order flow, or the cash that market makers give the corporate for buying and selling quantity.
“Nobody ought to consider Robinhood trades are free,” Munger mentioned. “The frenzy is fed by people who find themselves getting commissions and different revenues out of this new bunch of gamblers.”


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APPLE is expected to release its next iPhone sooner than expected.
Insiders say the new iPhone 14 could land at the very beginning of September.
It was previously expected that Apple would host an event around September 13, followed by a September 23 release date.
But Bloomberg journalist and long-time Apple leaker Mark Gurman claims that the timeline has shifted forward by a week.
The iPhone tipster says that the annual launch event will take place on September 7.
And he claims that the new devices will go on sale on September 16.
We’ll find out about the Apple event the week before it’s due to take place.
That means we could hear more about an Apple event at the very end of August.
And remember: Apple may also hold an additional event in October or November for other gadgets.
Of course, we can’t guarantee any of these dates – but they’re the most likely.
We won’t find out exactly what the iPhone 14 will look like until much closer to launch.
And even then, we could still be a little in the dark – some iPhone news is always a surprise on the night.
But we’re already hearing trickles of information about the mystery mobile.
Apple is said to be finally removing the “notch” at the top of the iPhone – offering a full-screen front for the first time.

domain: news


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Okeem Jordell-Denard Mason is wanted by Port St Lucie Police Department
Okeem Jordell-Denard Mason DOB 12/5/91, black male, 5”10, 190lbs, black hair, brown eyes. PSLPD Warrants were issued for Okeem Jordell-Denard Mason on September 15, 2020 for Grand Theft with a bond of $20,000. His last known address is in Miramar, FL 33025. Vehicle description: White 4-Door Sedan, 2016-2020 Nissan Altima S Model
On Wednesday, July 29, 2020 at 6:09 pm, Walmart located at 1675 NW St Lucie West Blvd reported a fraud loss of $2,226.53.
Loss Prevention reported that the suspect entered the store on Wednesday, June 24th, 2020 at around 11:23 am and using social engineering techniques was able to access three registers multiple times within the store to create $200 gift card transactions. Video was recovered of the suspect’s actions and the total loss to Wal-Mart was $2,226.53.
The suspect exited the store at around 5:54 pm by jumping over the north side gate of the garden section. Walmart Loss Prevention reported there have been multiple incidents in Florida and Southern Georgia by a similar suspect.
If anyone has information pertaining to the suspect, please contact Detective Morgan (772)879-3379. You can be anonymous, call Treasure Coast Crime Stoppers 800-273-TIPS (8477).


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Barry and Cathy Beck
This is where the news breaks first, whether it's an unexpected last minute opening on a trip, a new destination, fly fishing industry buzz, new products, events, photo tips, fishing tips, reports from the field and so on.
Fishing is Good!
Although we've had way too much rain and everything is soggy, drippy, spongy, and soaked, fishing has still been very good. We're starting to see Hendricksons and sulphurs won't be far behind. One of our guides, Jim Kukurlo, guided John Radcliffe the other day here on Fishing Creek. Here is one of the fish they landed. We've still got days open, better come and fish while it's good! Read about our guiding.


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In the latest installment of the Pathfinder Online video blog, Goblinworks PvE designer Bob Settles joins lead designer Lee Hammock to discuss escalations and alternate races. Races are the simpler topic; Hammock explains that the team does plan to expand the available races significantly, noting t...
Posted on Dec 27th 2014 1:00PM
Posted on Dec 27th 2014 12:00PM
Posted on Dec 27th 2014 10:00AM


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Robert A. Compton, executive producer of the Two Million Minutes series on global education, is proud to announce the release of his new documentary Ã¢â‚¬Å“Win in China The MovieÃ¢â‚¬. Compton, American venture capitalist, entrepreneur and Harvard MBA, has teamed up with award winning filmmaker Ole Schell to bring the story of Chinaâ€˜s entrepreneurial explosion to the screen.
The DVD is being released across the country and M /s Flat World Technologies (P) Ltd have taken up the distribution of the DVD in India. The DVD can be ordered online by logging on to www.truesouthstudios.in and is priced at Rs. 600/- per copy.
Like Two Million Minutes (www.2mminutes.com), Win in China takes an in-depth look at the planetâ€˜s most populace country and the massive economic engine its Communist leadership has created.
Win in China is a documentary about Entrepreneurship in China. The documentary is framed by highlighting the Chinese reality TV show "Win in China". It uses the worldâ€˜s largest and most lucrative business plan competition broadcast on CCTV - as the metaphor to explore the radical cultural changes taking place in China and to consider the implications for the rest of the world of the surge of Chinese entrepreneurs.
In fact, the worldâ€˜s largest and most lucrative business plan competition is held not in the United States or in any Western country but in the Far East in Communist China.
Over 120,000 entrepreneurs compete for prize money in excess of $5 million with the winner receiving nearly $1.5 million to invest in their new business plan. Win in China is more than a lucrative business plan competition it is an opportunity for the government to educate, motivate and inspire the latent entrepreneurial talent in the most populous nation on earth.
"China is winning the global race to create the most entrepreneurial economy on the planet." stated Robert A Compton. "Their investments in entrepreneurial infrastructure dwarf India's, America's and the European Union's."He added "Chinese entrepreneurs are poised to dominate many of the leading industries of the 21st century - to the detriment of the rest of the world's jobs base."
Initiated by Deng Xiaoping in 1978, this economic miracle has been driven primarily by large, established companies and by direct foreign investment. The leaders in the Politburo, mostly trained as engineers, determined in the 1990â€˜s that the only way to absorb the more than 20 million new workers entering the Chinese economy in the decades ahead was to turn China into the most Entrepreneurial country on earth. As the most entrepreneurially active country on the planet, China has 112 million people engaged in planning, starting or building new ventures according to the Babson University and London Schoolâ€˜s Global Entrepreneurship Monitor.
For the first time, westerners see Chinese capitalism in the rawest form. Superficially similar to western business, Chinese business culture is unique. Beneath the game showâ€˜s surface lies a nuanced, subtle view of Chinese business practices, ambitions, ethical norms and competitive behaviors.
About Win in China
´Win in Chinaâ€˜ is a story of Chinaâ€˜s Entrepreneurial Revolution. The movie shows exclusive behind-the-scenes footage of the reality show and has extensive interviews with the creators, contestants, and observers of the show. The film is compellingly narrated by Atlantic Monthly reporter and author James Fallows and by China expert Orville Schell, the Arthur Ross Director, Center on U.S. China Relations, Asia Society.


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BMW is reporting third consecutive declining month of BMW i sales, resulting in major drop of Q1 sales.
The Bavarian company has big plans for its electric and hybrid future, but currently sales of the i3 and i8 models are going down. In March, BMW delivered 2,225 i vehicles, while in the first three months of the year a total of 5,128 cars were handed to customers, representing a decrease of 23 percent compared to the same period a year ago.
It’s important to note that these numbers don’t include the sales of the X5 xDrive40e, 330e, 225xe Tourers, and 740e sedan.
BMW is hoping to improve these figures with the launch of a facelifted version of the i3. Most likely to arrive at the Paris Motor Show this fall, the vehicle will get a range boost to about 120 miles (193 kilometers) on a single charge from the current 80-mile (129-km) range.
While i sales are not going strong lately, BMW is keeping sales of its core models high, as 478,743 cars of the brand were delivered in Q1 of 2016. Also, the marque topped the 200,000 mark in a single month for the first time in March, when sales were 2.9 percent more than the same month of 2015.
Source: BMW via BMW Blog


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Surf Expo has announced it has cut the final day of this season's trade show taking place in Orlando in anticipation of Hurricane Irma making landfall in Florida this weekend. The show will now end on Friday at 5pm.
Asia’s premier fashion event Centrestage has opened in Hong Kong featuring more than 210 fashion brands from 22 countries and regions and about 40 fashion events, including a gala fashion show, Centrestage Elites.
The JLN Stadium in New Delhi hosted the Indian Wedding Show- Season Two from August 19 to 20 and the event, sponsored by IWS Events and Entertainment, saw 75 exhibitors’ categories display their wedding wares.
ThreadSol, the pioneer in enterprise material management for the sewn products industry, is set to arrange Apparel Tech-Up, a technology seminar, at Radisson Blu in Chittagong, Bangladesh, on August 26.


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Florida doctor claims skin care line is like no other
Products based on Dermatriplex technology
Looking to improve the appearance of lines and wrinkles without painful injections or going under the knife?
A Palm Beach Gardens doctor says he has discovered a way to help women look their best.
The results are so impressive, his products will soon be available all around the world.Dr. Mark Pinsky, a plastic surgeon, says he's finally created a simple way for women to fight the visible signs of aging.
"We can reduce the lines and wrinkles around the eyes by 45 percent in just 28 days, 30 percent in just 7 days. There's no product that does that."
His product, Skin To The Power of 3, is a skin care line he developed for women concerned about wrinkles, but not enough to get fillers or plastic surgery.
"It can reduce the area we inject Botox all the time, in those deep 11 lines, by 50 percent in just 28 days," Pinsky said.Pinsky says his skin care line is based on Dermatriplex technology, with key ingredients to reduce lines and wrinkles for plumper-looking, smooth skin.
"This is in my opinion the most advanced and sophisticated anti-aging technology available in the world,"
Skin To The Power of 3 is only available at dermatologists and plastic surgeons offices.
The cost for the products range from $50 to $170.
The product line launches worldwide in six weeks.


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Cardinal Trade Group, Inc. (CTG), the producer of the New York region’s top business events, will host Trade Brooklyn (Brooklyn’s Business Trade Show) on Wednesday, April 10, 2013, at Stage 6 at Steiner Studios in Brooklyn, from 9:00 a.m. to 3:00 p.m. Trade Brooklyn will host a special 1010 WINS TD Bank 5 Borough Business Breakfast from […]
Tag: "Cardinal Trade Group"
The Cardinal Trade Group will host Trade Brooklyn, Wednesday, April 10, 2013, at Stage 6 @ Steiner Studios, Brooklyn Naval Yard, from 9 a.m. to 3 p.m. The 1010 WINS TD Bank 5 Borough Business Breakfast, 7:30 a.m. to 9:30 a.m., will jumpstart the show. CTG has planned a worthwhile, lively show for businesspeople, professionals, […]
Trade Brooklyn and the Brooklyn Cyclones present Brooklyn Networking at the Ballpark, a VIP Business Networking Reception on Tuesday, July 17, 2012, 5:00 p.m. – 7:00 p.m. Immediately following the Brooklyn Cyclones vs. Hudson Valley Renegades baseball game will begin. The pre-game networking event, created by the Cardinal Trade Group (CTG), will be a forum […]


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The largest private sector lender, ICICI Bank, on Monday entered into a partnership with the largest online marketplace Alibaba.com, under which small businesses that are members of China’s large e-commerce company can benefit from faster loans.
As part of this agreement, it has created a “Trade Facilitation Center” and will provide entrepreneurs with quick access to banking offers, including business loans, cash management solutions, foreign exchange, bank guarantees. and cross-border remittances.
“We believe that this access to fast and integrated banking services will enable Indian entrepreneurs to propel their business on the global platform,” Rajiv Sabharwal, executive director of ICICI Bank, said in a statement.
“Alibaba.com expects to provide access to various finance, credit and logistics services provided by ICICI Bank to our Indian customers,” said portal’s channel manager Bhushan Patil, adding that customers would benefit from best rates and discounts for the use of products.
The statement, however, did not mention the number of Indian businesses registered on the portal and likely to benefit from it.
According to some reports, Alibaba was keen to deepen its presence in the country, in particular through acquisitions.
Are you looking for a quick loans? Read more here: https://www.paydaychampion.com/quick-loans/


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At the Stop N Shop convenience store on E. Lake Street in Minneapolis, next to racks of potato chips, a new machine invites customers to buy and sell bitcoin.
Bitcoin ATMs are showing up in check cashing, vaping and convenience stores across the Twin Cities. They look like conventional cash ATMs, but they’re installed by entrepreneurs hoping to profit from consumers who previously had no easy way to trade in virtual currency.
Though the blockchain technology behind bitcoin can be bewildering, buying bitcoin at the corner store can satisfy a number of simple needs, according to those in the industry. The digital currency can be used to transfer money or as a substitute for a bank account. Plus, some may think of it as an investment, or even a lottery ticket, given bitcoin’s wild swings in value.
“We are seeing a proliferation of virtual currency ATMs across America because some buyers or sellers like the convenience of a kiosk,” said Bill Repasky, a lawyer with Frost Brown Todd, a Louisville, Ky., law firm that provides legal counsel for bitcoin ATM operators. “It allows for a more immediate impulse buy of a virtual currency versus going on to an exchange or online website to buy or sell.”
It’s also a speculative investment with few of the consumer protections that apply to banks. Minnesota doesn’t have a specific law that governs cryptocurrencies or bitcoin ATMs, said Julia Miller, deputy director of communications for the Minnesota Department of Commerce.
“The department cautions consumers to be aware of the potential pitfalls of cryptocurrencies because they are both volatile and untraceable,” Miller said.
A dozen bitcoin ATMs have popped up in the Twin Cities in the past year, with two companies competing for customers.
Since January, Las Vegas-based Coin Cloud installed eight bitcoin ATMs in the metro area, and the company is planning to bring more, said CEO Chris McAlary. The company rents space from stores and gives the hosts up to $300 a month if they are open 24/7.
DigitalMint, based in Chicago, has four locations in the metro and one in Rochester.
Assad Awaijane, manager of Stop N Shop at 1700 E. Lake St., said he was eager to lease a space to Coin Cloud after the company approached him seven months ago. His son, a bitcoin investor, told him about the ATMs showing up elsewhere across the nation.
“I was excited to bring it in because it had a lot of news hype about bitcoin in the media,” he said.
McAlary describes the digital currency, also known as cryptocurrency, as “cash for the internet,” because it is decentralized, doesn’t require a bank to verify transactions and is independent of government.
“It’s a very powerful tool for those who are underbanked or unbanked,” McAlary said.
Bitcoin is one of the oldest and best-known virtual currencies, although there are thousands of cryptocurrencies on the market. In late 2017, bitcoin’s price skyrocketed to nearly $20,000, and then dropped to $7,000 in February, according to CoinMarketCap, a site that tracks cryptocurrencies.
“People prefer to hold [bitcoin] as an investment more than they would the local currency,” McAlary said.
The traditional way of buying and selling bitcoin follows a complicated process of finding the right digital exchange account and linking it to your bank account. You store your bitcoin in a virtual wallet to trade or buy products or services.
Both Coin Cloud and DigitalMint require users to have a bitcoin wallet, a government-issued ID and a cellphone number. Coin Cloud users can buy and sell fractions or whole bitcoins worth up to $10,000 a day. Transaction fees range from 5 to 8 percent, based on the volatility of bitcoin prices, McAlary said.
For DigitalMint, which places its bitcoin ATMs at check-cashing stores, users can only buy bitcoins. The company allows people to buy bitcoins worth up to $20,000 a day. Transaction fees are from 7 to 10 percent.
Check-cashing stores provide a valuable service to the unbanked population by giving them their money right away, said Jonathan Solomon, CEO of DigitalMint. “That seems to resonate with people buying bitcoins,” he said.
Repasky said regulations governing bitcoin ATMs are found on federal and state levels. These operators are categorized as a “money service business” under the Bank Secrecy Act, a federal law that requires financial institutions to collect information useful for combating terrorism and preventing money laundering.
McAlary and Solomon said their companies are registered with the Financial Crimes Enforcement Network, a branch of the U.S. Treasury Department. They have received no guidance from state regulators, they said.
The bitcoin ATM at the Stop N Shop convenience store was installed in January. The machine has brought a new clientele who stick around to purchase items, Awaijane said.
“I see young kids using it and investing their money,” he said. “I like to see that.”


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Odisha: Agriculture Secy Urges Depts to Include Millet-based Snacks in Official Meetings, Conferences
Bhubaneswar: Principal Secretary of Department of Agriculture and Farmers’ Empowerment, Government of Odisha, Dr. Arabinda Kumar Padhee has asked the government departments to include millet-based snacks in the official meetings and conferences.
The Agriculture Secretary wrote a letter to Additional Chief Secretary, Principal Secretary, Commissioner-cum-Secretary, Secretary (all departments) requesting them to consider inclusion of nutrition-rich millet snacks in the official meetings of their departments.
Under the guidance of Chief Minister Naveen Patnaik, Department of Agriculture & Farmers’ Empowerment is implementing the flagship initiative, the Odisha Millets Mission (OMM) in 19 districts of the State, he said.
Millets are small seeded cereals which are climate resilient and powerhouse of nutrition. OMM aims to improve livelihoods of vulnerable rainfed farmers by reviving millets in farms and plates. Odisha Millets Mission has been recognized nationally and globally as one of the best models for promotion of millets. The Government of India has also asked states to adopt the Odisha model for promotion of millets, Padhee stated.
The year 2023 has been declared as International Year of Millets (IYOM) by the United Nations. An active celebration and revalorization of consumption of millets is proposed to be undertaken in the run up to IYOM 2023 by the Department of Agriculture & Farmers’ Empowerment.
One of the key interventions under OMM is promotion of value addition enterprises through Women SHGs under Mission Shakti. As part of the collaboration, Millet Shakti outlets are being established in different parts of the State. You would be happy to know that a Millet Shakti outlet in Krushi Bhavan anchored by Maa Shaktimayee WSHG has recently been recognized as best WSHG millet value addition initiative by ICAR and Government of India.
“In this regard, the Department requests your good offices to consider inclusion of nutrition-rich millet snacks in the official meetings of your Departments”, he further said.
Millets based products like cookies, mixture, sticks, khurma, nimki. sev. paha, chatua, etc are extremely tasty and found wide acceptance amongst the consumers. It would be a great economic opportunity for the Mission Shakti WSHGs, trained under OMM, to supply the millet-based snacks to various Departments. This will help in spreading awareness on millets and provide livelihood support to a host of people in the value chain, the letter mentioned.


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Updated: July 07, 2009: The amount raised is $700K, according to an SEC filing, from a total of nine investors.
Original post: Typography for the web may not sound that sexy, but the idea has been enough to attract funding from the likes of Twitter co-founder Evan Williams, Flickr creator Caterina Fake, and Matt Mullenweg, the force behind WordPress and Automattic. The recipient of the undisclosed amount of funding is San Francisco-based Small Batch, which has an online typography service called Typekit. True Ventures led the round and was also joined by angel investor Ron Conway, Chris Sacca from Lowercase Capital, and Josh Felser and Dave Samuel of Freestyle Capital.
Venturebeat says that Small Batch also has a service for tracking the popularity of Wikipedia articles; a post on the company’s official blog says it needed the funding “to build the amazing service we’ve got planned.” Typekit is scheduled to preview its font library in the next few weeks, the company adds. The funding speaks to the power of connections, as Small Batch’s CEO Jeffrey Veen, who previously helped start design consultancy Adaptive Path, and the company’s other co-founders have made names for themselves creating apps for tech companies for several years. The team behind Small Batch also created Measure Map, a blogging statistics tool that was acquired by Google (NSDQ: GOOG) and helped cement their status among a tight group of the San Francisco area’s entrepreneurs and investors.


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Revenues for electric power generation industries that use renewable energy resources rose 49.0 percent from $6.6 billion in 2007 to $9.8 billion in 2012, according to new economic census statistics released today by the U.S. Census Bureau. These industries that use renewable energy resources consist of hydroelectric power generation (NAICS 221111), four newly delineated industries — wind (NAICS 221115), geothermal (NAICS 221116), biomass (NAICS 221117) and solar electric power generation (NAICS 221114) — and one newly defined category of other electric power generation (NAICS 221118).
In the 2007 Economic Census, wind, geothermal, biomass, and solar electric power generation were included in the broad “other electric power generation” industry (NAICS 221119). By the 2012 Economic Census, these industries had been broken out separately, with the “other electric power generation” industry limited to only tidal electric power generation and other electric power generation facilities not elsewhere classified. Among the newly delineated industries (wind, geothermal, biomass, solar and other electric power generation), the number of establishments more than doubled in five years, from 312 in 2007 to 697 in 2012.
“As industries evolve, so does the Census Bureau to continue to collect relevant data that informs America’s business decisions,” Census Bureau Director John H. Thompson said. “Industries that use renewable energy resources are still relatively small, but they are rapidly growing.”
These industries are part of the electric power generation industry (NAICS 22111), which saw an overall decline of 1.2 percent in revenues from $121.0 billion to $119.5 billion between 2007 and 2012. The overall decline was driven by the fossil fuel electric power generation industry (NAICS 221112), which saw revenues decrease from $85.4 billion to $79.7 billion, or 6.7 percent, during the same five-year period.
Revenues for the wind electric power generation industry totaled $5.0 billion in 2012, the highest revenues among the industries using renewable energy resources. Hydroelectric power generation followed with revenues of $2.4 billion. Geothermal electric power generation had revenues of just under $1 billion ($995.4 million), followed by biomass electric power generation, with $934.6 million in revenues, solar electric power generation, with $472.4 million, and other electric power generation, with $59.0 million.
Together, these industries were a relatively small portion of the electric power generation industry, collectively accounting for just 8.2 percent ($9.8 billion) of total industry revenues in 2012. Fossil fuel and nuclear electric power generation (NAICS 221113) are still the major revenue sources of the electric power generation industry, comprising 66.7 percent ($79.7 billion) and 25.1 percent ($29.9 billion), respectively, of total revenues.
Other highlights on the electric power generation industry include:
These results are part of the 2012 Economic Census Industry Series, which publishes national statistics for detailed industries as well as information on the product lines sold by or services provided by businesses. These data are collected for establishments, which are typically single physical locations of a business that produce or distribute goods or perform services, and can be accessed via American FactFinder.
The U.S. Census Bureau conducts an economic census every five years and provides a comprehensive and detailed profile of the U.S. economy, covering millions of businesses representing more than 1,000 industries and providing unique portraits of American industries and local communities.
Economic census statistics will be released over a two-year period, through June 2016. Statistics at the local level, including information for more than 5,000 communities not available from previous economic censuses, will be available starting in February 2015. About 40 billion cells of data on U.S. businesses with paid employees will be released in total. Separate statistics for 2012 on the approximately 21 million businesses without paid employees are available via American FactFinder.
Reference information about the economic census, including a data release schedule, is available on the 2012 Economic Census home page.
The North American Industry Classification System is the standard used by federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy.
The statistics presented in this release are based on data from the 2007 and 2012 economic censuses and include data only for establishments with paid employees. The 2012 Economic Census Industry Series results will be superseded in subsequent 2012 Economic Census data product releases. All dollar values are expressed in current dollars relative to each survey year, i.e., they are not adjusted for price changes. For more information about the economic census (including a data release schedule and information on comparability, confidentiality protection, sampling error, nonsampling error, and definitions), see //www.census.gov/econ/census/.


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Childish Gambino, Tame Impala and Ariana Grande are set to headline the Californian event, which takes place over the weekends of 12-14 and 19-21 April at Indio’s Empire Polo Club.
Now in its ninth year as the festival’s exclusive livestream partner, YouTube is expanding its presence as the exclusive playlist, and livestream partner for both Coachella weekends. YouTube Music and YouTube Premium subscribers in America will have exclusive access to an allocation of tickets for purchase for each weekend.
YouTube Music is now the exclusive playlist partner for Coachella, which includes playlist integration on the Coachella site and festival app. Fans can listen to this year’s line-up, genre-based playlists and discover emerging acts.
YouTube will livestream the opening weekend and, for the first time ever during weekend two, deliver content including performances, interviews and behind the scenes footage.
Music Week cover stars The 1975 and Kacey Musgraves are also on the bill, alongside a host of acts including Rosalía, Christine And The Queens, Blackpink, Solange, Billie Eilish, Zedd, Bad Bunny, Pusha T and Mr Eazi.


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Waltham, MA – Webster Capital is pleased to announce the sale of MooreCo International Holdings, Inc. (MooreCo) to Greg Moore, who has been the CEO of the Company for the last ten years. Mr. Moore has partnered with Prudential Capital Partners, the middle-market mezzanine and structured equity fund business managed by Prudential Capital Group, to finance the transaction. MooreCo, based in Temple, Texas, is a leader in the educational and commercial markets for visual communication products, technology support equipment and office furniture.
“It has been a pleasure working with the professionals at MooreCo and we are proud of the work they have done to build the Company,” said Donald Steiner, Managing Partner at Webster.
Greg Moore, CEO of MooreCo said, “I am extremely pleased with what the management team has accomplished under Webster’s ownership and we are excited to continue to grow the business.”
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.
MooreCo is an innovative designer and manufacturer of visual-communication products, technology support equipment, and furniture for the educational and commercial office markets. The Company markets its products through three brand divisions: Best-Rite, Balt and MooreCo. For additional information on MooreCo, please visit https://moorecoinc.com
MooreCo Inc. is the leader in the educational and commercial markets for visual communication products technology support equipment and office furniture.
About Prudential Capital Group
Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 75 years. Managing a portfolio of nearly $77 billion as of December 31, 2016, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J., New York, Paris, San Francisco and Sydney*. For more information, please visit www.prudentialcapitalgroup.com.


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Apple Inc on Tuesday unveiled MacBooks powered by its new, faster M2 Pro and M2 Max chips in a surprise launch weeks ahead of its usual schedule.
The release of the devices using the latest versions of Apple’s M2 chip, which debuted last year, follows the tech giant’s decision in 2020 to use internally designed semiconductors after 15 years of relying on Intel technology.
The new Mac mini starts at $599 and will be available starting January 24. The 14-inch and 16-inch MacBook Pro with the latest chips start at $1,999, compared to the price of $1,299 for a 13-inch model equipped with the M2. chip.
New Macbook Pro models have been expected for months, but supply chain issues meant the launch was pushed back from last year to early 2023, Bloomberg News reported in October.
“This is all related to the delayed transition of the chipset… By delaying, Apple has been faced with the questions of waiting for the traditional expected release or doing something a bit unexpected,” said Runar Bjørhovde, an analyst at Canalys.
“This is a great way to launch things and surprise consumers and competitors,” Bjørhovde said, adding that the announcement could generate some excitement at a time when the broader PC market is in a slump.
Apple shares rose about 1%, outperforming a broadly weaker market. The stock lost about 27% in 2022, its biggest drop since the 2008 financial crisis.
Apple said the new M2 Pro has nearly 20% more transistors than the M1 Pro and twice as many as the M2, helping programs like Adobe Photoshop run heavy workloads “faster than ever.”
The company, which sources its chips made by TSMC from Taiwan, replaced chipmaker Nvidia as one of the top 10 semiconductor vendors by revenue last year, according to a Gartner report released Tuesday.
“We estimate the value of these (Apple) chips to be equivalent to $17.6 billion in 2022. The growth is coming from the rising cost of increasingly complex chips,” said Andrew Norwood, Gartner vice president analyst.
Apple usually holds its first event of the year in March, when it introduces its iMacs and accessories. This year’s spring event could include the launch of a long-awaited augmented reality headset, Bloomberg News reported earlier this year. (Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta and Devika Syamnath)
#Apple #launches #Macbooks #chips #rare #January #release


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(Bloomberg) -- China will sell more frozen pork from state reserves as it seeks to contain rallying prices after the top consumer of the meat halted imports from dozens of overseas producers.
The Asian nation will sell 20,000 tons of pork on Friday, according to a statement by the China Merchandise Reserve Management Center. It also offered 20,000 tons on June 23, bringing total sales from state reserves to 430,000 tons so far this year, according to data from the center, which oversees meat stockpiles.
Domestic wholesale pork prices jumped 16% in June, the biggest monthly gain since October, after the country suspended imports from more than 20 overseas meat plants amid concerns over coronavirus infections among employees at the slaughterhouses. Adding to woes has been floods in China’s south, which have raised fears that outbreaks of African swine fever, a deadly pig disease, could spread among smaller farms.
©2020 Bloomberg L.P.


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Sony slashed its net losses last quarter as a boffo showing for Sony Pictures, some bold moves by new CEO Kazuo Hirai and a weaker yen have stirred newfound ripples of enthusiasm around the giant conglom.
Filmed entertainment revenue surged 30% year-on-year to ¥209 billion, or $2.4 billion, thanks to strong B.O. from “Skyfall” and “Hotel Transylvania.” “The Amazing Spider-Man” and “Men in Black 3” boosted home entertainment sales.
Pics helped Sony cut its net loss for the October-December fiscal third quarter significantly — to $115 million from $1.7 billion the same period the previous year.
It was still the eighth straight quarter of losses, but there’s a light at the end of the tunnel. Sony is still forecasting a return to the black for the year with net profit of $213 million.
The yen has been weakening dramatically against the dollar and other currencies since September, and Sony products get cheaper to buy around the world the more it falls. The yen is behind one of the biggest rallies in Sony stock in months. It jumped from $10 to about $15 last month and has stuck there.
The shares closed down 4.36% at $15.13 Thursday.
Plans to sell its New York HQ for $1.1 billion, announced in mid-January, also had investors tipping their hats to Hirai.
Sony said it swung to an operating profit of $496 million for the quarter from a loss of $980 million last year. Revenue grew 6.9% to $21 billion.
In the games segment, sales fell 15% year-on-year to $3 billion with sliding sales of PlayStation 3 and PlayStation Portable overwhelming the contribution of the Vita handheld, which bowed in December 2011. Sony has lowered its unit sales forecast for portable hardware for the year and expects overall sales to be slightly lower than in fiscal 2011.
Under Hirai, who assumed the top spot in April, Sony has been on a restructuring drive, closing plants and slashing 10,000 jobs. Hirai’s stated goal is to return Sony’s limping television set biz to profitability in the next fiscal year while shifting its product focus toward games, mobile devices and medical devices.
Sony had been hinting that it will unveil a PlayStation 4 console on Feb. 20, but details have not been forthcoming. It has also acquired a stake in game platform operator Gaikai to beef up its online game biz, as users continue to transition away from stand-alone consoles and handhelds to mobile gaming.
Meanwhile, Sony plans to boost profits at Sony Pictures by concentrating film and TV production, acquisition and distribution as well as on launching and buying TV channels in growing world markets, like its June acquisition of a bigger stake in Multi Screen Media of India.


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Today is the Net Neutrality Day of Action. Go to BattleForTheNet.com and write your congressperson. Also, The Pixel XL 2 may feature a squeezable frame. Allo is coming to the desktop in "a few weeks." Android 7.1 has "Panic Detection" mode. Facebook will sell ads in Messenger. Amazon Prime Day sales up 60% over last year's record-setting haul – with Echo Dot as the top-selling item. Samsung Galaxy Note 8 may explode onto the scene on August 23rd. Make Nokia great again. China teleports matter to space.
Jeff's Numbers: Google spends $800,000 on newsbots that write 30,000 articles a month in the UK. Google doesn't owe France 1.1bn euros in back taxes.
Danny's Stuff: Silk Vault Slim Wallet Case, The Big Sick
Stacey's Thing: Fibaro HomeKit Sensors
If possible, click to play, otherwise your browser may be unable to play this audio file.
🎧 This Week in Google: #413 You Never Know What’s Not Going to Happen | TWIT.TV was originally published on Chris Aldrich


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Economic recovery resilient: Centre
by Nidhi Bhati
Despite a surge in coronavirus cases, the recovery in economy is resilient with sustained improvement in the majority of high frequency indicators, the Department of Economic Affairs (DEA) stated in its Monthly Economic Review for March 2021. The report noted that the agricultural sector remains the bright spot of Indian economy with foodgrains production touching 303.3 million tonnes in 2020-21, recording highest production levels for the fifth consecutive year in a row. Although the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) weakened to 55.4 in March 2021 from 57.5 in February 2021, the DEA stated that the manufacturing sector conditions continue to improve sharply, outpacing the long-run series average with firms scaling up production and witnessing upturn in sales.


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TOKYO (The Japan News/ANN) - Japan’s top business leaders are feeling upbeat about the prospects for the nation’s economy during the upcoming year, according to a Yomiuri Shimbun survey.
Japan’s top business leaders are feeling upbeat about the prospects for the nation’s economy during the upcoming year, according to a Yomiuri Shimbun survey.
Of 30 leaders of major companies surveyed, 28 said the economy is currently “recovering moderately” and 26 — nearly 90 percent — predicted the economy will “recover moderately” six months from now. The survey showed that a bright outlook on the economy is sweeping through the business sector.
Four respondents said they think the economy will be at a “standstill” six months from now.
Asked about their predictions for real economic growth in 2018, 27 respondents expected to see solid growth of 1.0 percent to less than 1.5 percent. One business leader forecast growth of 0.0 percent to less than 0.5 percent, and one predicted 0.5 percent to less than 1.0 percent. The government’s growth forecast for fiscal 2018 is 1.8 percent, slightly higher than the predictions put forward by the top executives.
Asked what factors were behind the current economic recovery, the most common answer — given by 14 respondents — was “recovery of investment in equipment and plants.” “Recovery of consumer spending” and “U.S. economic growth” were both suggested by 10 business leaders, who could give multiple answers to this question.
In response to a question about factors that would spur economic recovery, 20 business honchos mentioned “increased investment in equipment and plants.” This was the most common answer.
However, only six business leaders said their own company would boost equipment and plant investment in fiscal 2018 from fiscal 2017 levels. The survey indicated that many business chiefs are taking a cautious approach to boosting such investment at their own company but predict that the overall Japanese economy will be buoyed by more money being poured into equipment and plants.
Twenty-four respondents, or 80 percent, said they think the 225-issue Nikkei Stock Average will peak in a range between 24,000 and 25,000.
Lifting the Japanese economy out of long-standing deflation has become a major issue. According to the survey, 20 respondents predict prices will increase on average “by about 1 percent” in 2018. Not a single business leader expected prices to rise “by about 2 percent” this year.
The survey was conducted through interviews and in writing during December.


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From 11 a.m.-2 p.m. on Saturday, March 16, the American Swedish Historical Museum is hosting a pretty sweet (pun intended) celebration.
In Swedish culture, it’s tradition to celebrate spring with fresh waffles with jam and whipped cream.
Waffle Day is traditionally a celebration of the Christian holiday, Annunciation Day, but it now spans past the religious connotations and also celebrates the beginning of spring.
Swedes indulge in waffles in honor of Annunciation Day and spring on March 25, but the folks at the American Swedish Museum are serving up their waffles a little early. Yum.
For $10, enjoy tasty waffles, a beverage and museum admission. Tickets are available online or at the door.
Waffle Day at the American Swedish Historical Museum
When: Saturday, March 16, 11 a.m.-2 p.m.
Where: American Swedish Historical Museum, 1900 Pattison Avenue
More info: www.americanswedish.org


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LinkedIn announced today the launch of Direct Sponsored Content, an expansion of its year-old Sponsored Content ad product. The new feature is currently only available as a pilot for select partners, including Comcast and NewsCred.
Key features of Direct Sponsored Content include:
- Content can be posted directly in the News Feeds of a target audience, and does not have to be posted on the Company Page
- Content can be A/B tested to multiple audiences and with limited duration
- With approval from the Company Page administrator, other business users and stakeholders can post and manage content
LinkedIn’s Sponsored Updates product launched a year ago, providing advertisers the ability to run native-style ads in the form of articles, blogs or videos on a user’s feed. The ads encourage users to follow companies or like/comment/share content. The new “Direct” feature allows companies to test posts that won’t clog their company page, similar to Facebook’s dark posts offering.
The launch of Direct Sponsored Content comes just after LinkedIn’s acquisition of Bizo, a B2B advertising platform, which the company announced on Tuesday.
-Posted by Elizabeth Pace–
- ‘Introducing LinkedIn Direct Sponsored Content’ via LinkedIn’s Marketing Solutions Blog
- ‘LinkedIn Launches Direct Sponsored Content, Enables Testing With “Dark Posts”’ via MarketlingLand
- ‘LinkedIn’s Direct Sponsored Content Allows Brands To Personalize Messages’ via Media Post
- ‘How and why to create a “Dark Post” in Facebook’ via Smart Insights


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Discussion in 'Present & Current Events' started by Toroid, Aug 27, 2018.
Thank you Mr president
That's cheaper than I'm paying, I put 40 dollars in my gas tank at $3.92 a gallon for mid-grade fuel...Unbelievable, it's going to cost me close to a hundred dollars a week just to go to work and back...
Way to go Brandon!...
'Skimpflation' is here: Longer waits, fewer options and bare-bones customer support hide the true price of inflation as businesses slash services in response to rising costs and labor shortage
Americans are already fed up with soaring inflation, but the problem is even worse than official statistics describe due to a sneaky phenomenon dubbed 'skimpflation.' Coined on a recent episode of NPR's Planet Money podcast, skimpflation refers to a cutback in services as businesses struggle to cope with a labor shortage and rising material costs. While it is related to 'shrinkflation', which refers to stealthy reductions in package sizes, the services cutbacks of skimpflation are an even bigger headache for consumers, causing longer waits, fewer options and a general increase in daily inconveniences.
I went to the grocery store this morning and so many empty shelves, more than I've seen in this sleepy small rural town...
All cat food and most of the dog food gone...No bottled water, no bread, cereal isle is half empty, the list goes on...
Ships waiting to unload at California ports are now waiting RECORD 17 days: Supply crisis gets worse after Biden vowed to fix it
There were as many as 83 ships at anchor and in a holding pattern as of Friday night, a new record, officials said. The nearly 17-day wait is double the wait time from two months ago. California Governor Gavin Newsom is attempting to address the problem by doubling capacities at the state's DMV in an effort to conduct more commercial driving tests.
Yesterday we got our Thanksgiving meal. We expect up to 9 ppl. I am glad I reserved our turkey. The coolers were empty. The store was moderate stocked. And the cost. $235.00
We were contemplating buying an additional car. I did internet searches on every car dealership in the local area. There are virtually no new cars to be had. The used cars that are available have high mileage (100k) on them. We decided to way until 2022 to see how the market shapes up.
We have noticed the lack of certain products or the increase in the cost of grocery items. I enjoy apple cider when it becomes available in September and October. The cost of a gallon of local cider…. $8.00! I can buy a lot of sugar drinks for that price.
Toilet paper was almost sold out at our local WalMart. I hate to be the person buying up T Paper but you have to stock up when you see it available.
Buying cat food has become a chore as well. Luckily our cat only eats dry food. My wife said that the shelves were empty of canned wet food at the grocery store we shop at. WalMart had three total cans on the shelf.
If this is some diabolical scheme to bring the world to a screeching halt, it seems to be working.
Local grocery store.
Our stores don't look like that. Although the food is still diminished in taste and quality. Most stuff that is "fresh" isn't. There isn't even any flavor in the bag of onions I purchased last month. For awhile there, I was thinking that maybe I had caught Omicron because I haven't smoked in over 2 years and yet still nothing has any flavor. Except salt, my salt intake has gone down drastically. I can't believe I used to use so much.
Everyone best start compost heaps in their yards. lol
They want us to eat genetically engineered mealworms now!
For centuries, farmers have bred livestock and crops for desirable traits such as faster growth, better taste, and resistance to disease. Now, a new kind of rancher is following in their footsteps: mealworm breeders.
Last week, France-based Ÿnsect announced it will spend nearly $5 million on the world’s first large-scale initiative to use state-of-the-art genetics for breeding beetle larvae and other insects that can be used as animal feed, fertilizer—and even food for people.
“We’re talking about accelerating the ability to use the genomes of millions of insects” for selective breeding, says insect geneticist Christine Picard of Indiana University–Purdue University Indianapolis, who is not involved in the effort.
The new program, she notes, should help scientists untangle the often complex mix of genes involved in commercially valuable traits such as faster reproduction and more efficient food consumption. “The sheer volume [of genetic information] that they can get through might be able to address that.”
Ÿnsect, founded in 2011, is one of the world’s largest insect ranchers. It operates two “vertical farms”—one in France, the other in the Netherlands—that produce billions of yellow mealworm beetle larvae (Tenebrio molitor) and other insects every year.
The bugs are processed into powders and oils used in pet food, fish and farm feeds, and textured tofulike “meats” for human consumption. The company also sells the shed shells of the growing mealworms as fertilizer.
(More on the link)


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The company is shifting more of its marketing budget into social media and online promotions in an attempt to be a key part of conversations taking place between amateur athletes. Both Nike and Adidas have pioneered the strategy in recent years but Under Armour believes the shift from “traditional six month campaigns” to shorter bursts of activity can give it a greater share of voice in the long-term.
It is being supported by blogger activity from fitness communities across the region as the brand steps up efforts to build a collective of influencers. Under Armour has experimented with how it rewards fans, which it refers to as athletes, throughout the year trialing several schemes.
Chris Carroll, director of marketing for the EMEA region at Under Armour, says: “It’s not just about mass media channels. We want to become part of the day-to-day conversations of athletes in a subtler way than just pushing promotions to them. The strategy is about us being nimble and ready to go so that if cold weather hits across Northern Europe we can react and incentivise conversation between athletes.”
The digital drive is being pushed through the next phase of its “I Will” campaign to promote its ColdGear winter apparel range. Branded content will run across YouTube, VIVA, MTV and Eurosport alongside ads featuring world champion downhill skier Lindsey Vonn and golfer Jordan Spieth.
Under Armour will use the story around Vonn’s comeback from injury to compete at next year’s Winter Olympics to promote the”I Will” campaign in the run up to the event. The brand along with fellow non-sponsor Nike is looking to hijack the attention around the tournament to spur first quarter sales. Despite the negative PR surrounding the event because of host nation Russia’s anti-gay laws, Under Armour says its ties to the athletes rather than the event will ensure there is no brand contamination.
Carroll says: “We see the Winter Olympics as an opportunity to show how we can make [amateur] athletes perform better. We’re going to be translating the stories around our worldclass athletes to a local level. That approach will allow us to be on the side of the athletes whereas Coke or another sponsor is more tied to the physical event.”
The updates follow a brand audit of Under Armour’s pan-European offering in October, which it says revealed “great strides” made this year in terms of unaided awareness, prompted awareness and propensity to purchase. It expects revenue to hit $2.26bn (£1.4bn) by the end of 2013, a 23 per cent year-on-year jump.


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An unconfirmed executive departure at Target Corp. will have major ramifications on its digital and mobile retail operation if the report is accurate.
The TJX Cos. Inc. apparently has a taste for vegemite.
Wal-Mart Stores Inc. is reportedly making sure its suppliers understand expectations for labeling of products.
No matter how popular a company’s products might be, if they can’t reach consumers they won’t sell.
With an ever-growing population of individuals gaining access to smartphones and mobile devices, there's no avoiding the escalated demand to meet consumers where they are with the precise product they want.
A mannequin storm has been playing out on Facebook.
A veteran retailer with experience in running big national chains has joined City Sports as its new chief executive.
Some interested students are getting a hands-on education courtesy of Kohl’s.
Vitamin Shoppe Inc. hired David M. Kastin as senior VP, general counsel and corporate secretary effective Aug. 17.
A new survey details what methods Americans are using to pay for good and services — and which ones are gaining steam.


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EG Daily: Gaga’s Threatening Tweet; Geek-Chic Louboutins!
Photo: Getty Images
Lady Gaga tweeted a warning to Carly Rae Jepson after breaking Gaga’s Billboard record. The mother monster informed Jepson she was coming for her. Fashion & Style.
The Sustainable Apparel Coalition is taking eco-chic to the next level. The group has released a three step scoring system that allows apparel companies to evaluate how sustainable their clothes are. WWD.
Jil Sander has released the world’s most expensive lunch bag. The designer has created a men’s coated paper bag that retails for $290! MTV Style.
Peep the new ASOS magazine and you’ll see some familiar faces. The Man Repeller (Leandra Medine) and British songstress Rita Ora both make appearances. ASOS.
Christian Louboutin has recently made every geeky-chic fashionista’s dreams come true! The shoe designer created a pair of tech-inspired peep toe heels. BetaBeat.
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After financial setbacks that caused Earthbound RV LLC to mothball operations in Middlebury, Ind., in the middle of 2009, the company and its unique ”green” towable products are getting a second chance 90 miles to the southeast in the blue-collar community of Marion, Ind.
And in the process, so, too, is high-profile entrepreneur C. David Hoefer waging another commercial comeback.
Key to the move: an infusion of $2 million in private capital, $900,000 in state tax breaks over the next five years and $100,000 in state training grants.
Earthbound expects to hire 60 people this year to build lightweight, eco-friendly Earthbound-brand travel trailers while creating a total of 300 jobs 2013.
”Financing in Elkhart County is tough, very tough right now,” Hoefer, Earthbound chairman and CEO, told RVBusiness. ”And, in Elkhart County, you are just another RV company.”
Contrary to popular belief throughout the RV industry, however, Earthbound did not go out of business, Hoefer reported. ”We didn’t actually close,” said Hoefer who has had a hand in founding a number of companies over the years, including Dutchmen Manufacturing Inc. Hart Housing, Four Winds International Corp. and Pilgrim Inc. ”We kept operating. We just ceased production.”
The idea of moving to the Grant County community of Marion actually came last fall from one of Hoefer’s sons, Charles Hoefer, who works for the city park department, and was aware of the fact that Earthbound was looking for an infusion of capital.
”He said, ‘Marion is really looking for jobs. Would you consider (moving to) Marion?’ I said, I didn’t know why not. And about 45 minutes later, I got a text message that the mayor had told his people, ‘We want Earthbound.’ They put a full-court press on it.”
Within days, Hoefer said, the city had lined up five banks to meet with Earthbound representatives, and later the state was brought into the negotiations.
”I’ve never seen such an aggressive group that is more intensely focused,” Hoefer said. ”These gentlemen worked 10, 12, 14 hour days to get us down there and convince us that that’s where we belong.”
At the time of the announcement in mid-February, Indiana Gov. Mitch Daniels appeared in Marion and lauded the RV industry in general for its nascent recovery from the Great Recession. ”As expected, the RV industry is reinventing itself and starting to bounce back,” Daniels said. ”We couldn’t be happier to see the revolution happen here in Indiana, a state known for high-quality production and skilled workers.”
Hoefer said Marion’s manufacturing culture, which has sustained serious setback in recent years from both electronics and automotive industry closures, fits well with Earthbound. ”Their culture is like our company’s culture,” Hoefer said. ”They aren’t sitting in committees talking about things. They are action people. They are aggressive. They are looking toward the future.”
Wherever the company is located, Hoefer said that Earthbound’s basic premise has not changed since it was founded in November 2008: to build high-quality RVs out of composite materials that only recently have come into use in the RV industry.
”Being able to put automobile-type quality like you get in today’s Ford or GM product in a towable product … is our long-range goal,” he told RVBusiness. ”The entire unit is being constructed out of these (composite) materials.”
In so doing, Earthbound is taking its cues from the automobile, marine and aircraft builders, according to Hoefer.
”Everything we’re doing is not new,” he said. ”It’s been done in other industries. The application is different. To do what we need to do, you can’t do it with the same materials we’ve been using. If it weren’t for TekModo (LLC) helping me get started on this process seven or eight years ago, this could not have happened.”
The company, which also is being led by industry veterans President Ken Geljack and COO Bill Hughes, will build travel trailers in 22- to 30-foot lengths with $35,000 to $44,000 MSRPs with few options.
”It’s really starting over right now,” Hoefer said. Even though the prototyping is done and the product and material content is done, we are still working on second- and third-generation products that will be coming out in a year to two years.”
Contrary to rumors that have been circulating since the announcement of the Earthbound’s move to Marion, Hoefer maintained, the company is not for sale.
”In recent days, once they found out we had financing, others have become interested in us again,” Hoefer said. ”But it is not for sale and will not be sold. We are going to make it a nice company where people want to work and have fun and build product that we can be proud of.”
Yet another RV manufacturer is entering the marketplace this week (March 26-29) with the debut of lightweight Earthbound travel trailers from startup Earthbound RV LLC at the Quebec City RV Show in Quebec City, Canada.
“One of our goals was to meet a demand that wasn’t being met for full-size lighter weight trailers that are ecologically friendly,” said Bill Hughes, Earthbound vice president of operations.
Founded in January, Earthbound RV is operating from a three-building, 108,000-square-foot manufacturing campus on U.S. 20 in Middlebury, Ind., once occupied by Pilgrim International Corp., which went out of business in September.
“There are approximately 11 million minivans and small-size SUVs on the road looking for something they can tow,” said Hughes, the former head of Pilgrim’s service, warranty and parts department. “Earthbound will be lighter weight, but we haven’t had the weights confirmed yet.”
Limited production of Earthbound travel trailers sporting aluminum superstructures and painted aluminum sidewalls laminated to a lightweight CosmoLite composite material from TekModo LLC is scheduled to begin next week.
“We took design cues from the automobile industry, particularly on the front and rear caps, and the full use of LED lighting,” Hughes said.
A prototype of Earthbound’s 29 1/2-foot “Golden Ridge” floorplan is being unveiled at the Canadian RV show.
“We expect that by June we will be producing 10 units a week,” Hughes said. “The market will dictate where we go beyond that.”
Earthbound RV currently has 16 employees and eventually expects to have 60 workers, Hughes said.
Earthbound trailers will be offered in seven 25- to 30-foot floorplans, four of which are available with a single slideout, brushed aluminum interior walls, dual-pane acrylic windows, aluminum appliances, U-shaped booth dinettes, laminated countertops, vinyl floors and heat pumps. Cabinets have a vinyl wrap laminated to a sheet of aluminum that is laminated to a polyurethane composite.
Earthbound RV also is exploring the use of adhesives not traditionally used in RV applications. “We are committed to innovation and we are developing resources toward that,” Hughes said.
Company principals are industry veterans Hughes; President Ken Geljack; Canadian RV dealers Andre Levesque of A.S. Levesque, Ste-Helene, Quebec; Ken Friedenberg and David Hill, owners of ArrKann Trailer and RV Centre, Edmonton, Alberta; and Elkhart, Ind.-area businessman Ted Holland. Former Pilgrim Chairman David Hoefer Sr., who originally launched the Dutchmen brand, is a consultant.
“A small group of us approached Dave (Hoefer) last fall and asked him to give us some insight,” Hughes said. “He allowed us to use some of the plans he had. Dave is a visionary.”
Hughes said the company has verbal commitments from about 40 dealers – half in the U.S. and half in Canada.
“We don’t need 200 dealers to be successful, and we don’t need to build 10 units a day,” Hughes said. “We are focused on providing quality beyond anything that’s been experienced in the past.”


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to experience the full functionality of mail.com.
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February 05, 2016
Super Bowl ads go for the safety
Talking animals, celebrity cameos and crowd-pleasing rock songs: This year's Super Bowl advertisers are sticking to the ...
February 02, 2016
Companies release Super Bowl ads to maximize exposure
With Super Bowl Sunday less than a week away, a flurry of advertisers including Budweiser and LG Electronics have already ...
January 28, 2016
Top 10 celebrity Super Bowl ad teasers
The Super Bowl is a little more than a week away, but advertisers are going strong online, offering up celebrity laden ...


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Chinese e-commerce website Yaodian100 has to stop working despite more than $ 50 M investment received from the Qiming Venture Partners fund, Baidu Company and Intel Capital.
Yaodian100 website announced the suspension of work on July 28, 2012 because of the removal. But after a few days the rumors about impending bankruptcy of the company, appeared at the beginning of this year, were confirmed: several news agencies of China tried to contact the management of the company but with no result.
Yaodian100 was launched in 2009 and became the owner of one of the first e-commerce sites in China working according to B2C scheme. The start-up focused mainly on selling clothing at low prices. At the peak of its popularity, Yaodian100 site received more than 30 K orders per day, and the volume of monthly sales in terms of U.S. currency reached $ 4.45 M.
The amount of investment received by Yaodian100 exceeds $50M. In August 2009 the project attracted a massive first tranche of $ 40 M from venture capital fund Qiming Venture Partners, and then $ 9.5 M from Chinese search engine Baidu, and finally - from Intel Capital company. Unfortunately, the investment did not help the company to win the competition: the Internet market of China is divided among five major players: Alibaba, 360Buy, Tencent, etc.


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The latest blog from Google talks about viewing virtual reality content based on WebVR through Chrome for Android and Daydream View headsets. Google's Chrome browser will support more VR headsets in the coming months.
Many reasons exist for Windows XP and Vista users to update to Windows 10, including better security and ongoing support. Now, Google added another reason: Gmail will revert to the HTML version for XP and Vista users as early as December.
Google announced it is taking steps to integrate web apps much more deeply into Android. In fact, you may soon not be able to tell the difference. The update is rolling out and will include the ability to add web apps to the app drawer.
Google released the latest version of its Chrome browser this week, bringing its new Flash-blocking HTML5 by default feature to the masses. The updated browser also now supports WebGL 2.0 for richer web-based 3D experiences and…
At Google's Chrome Dev Summit, the company introduced a new initiative that bridges the gap between a typical mobile web experience and an app. As of this week, Progressive Web Apps are live for users of the Chrome Dev and Canary…
Google updated the beta version of Chrome with the WebVR API, meaning developers have access to the information they need to build VR features into their websites. So be prepared to browse websites in VR soon.
The tech giants of the world are continuing in their efforts to make the web a safer place. On Thursday, Google announced that Chrome will begin marking HTTP pages as nonsecure if they collect passwords or credit card information.
Microsoft, Google, and Mozilla have all laid out their timelines for ending support for the SHA-1 hashing algorithm because its security is now fundamentally broken. Websites have until around February to get updated.


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Learn the Basics of WWE 2K17's Controls in New Trailer
2K Sports has released a new trailer for WWE 2K17.
Titled “The Basics“, the video teaches players the basics about the game’s controls, and also highlights some of WWE 2K17’s new mechanics.
You can watch the trailer below. WWE 2K17 will be available for PS3, PS4, Xbox 360, and Xbox One October 11.


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A Bank For All.
When the cryptocurrency world first began no one thought it would be able to make it’s way into the markets that it is in today. Markets such as; politics, entertainment, restaurants, airlines and more! But, in order to understand how and why cryptocurrency became so big, we must first understand where it came from.
Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“ His goal was actually to invent something; many people failed to create before digital cash.
Let us go back in time around 25 years ago. As we already know, many people had been trying to create digital cash but Satoshi Nakamoto learned from all of their mistakes and tried to build a system without a central entity. This move created the birth of the first cryptocurrency- Bitcoin.
Now, because it is completely decentralized and the government has no control over it, most early adopters of cryptocurrencies are doing very well with their investment. The reason many people are buying Bitcoin to ensure their hard-earned money. People all over the world buy Bitcoin to protect themselves against the devaluation of their national currency. But now, a shift is happening.
Some real estate transactions are now also accepting Bitcoin and this is a huge change in the industry. According to Bitcoin Real Estate, a site that has been tracking the business for several years, the trend is growing more and more and not slowing down.
At the end of 2017, a Miami condo reportedly sold for 17.7 bitcoin and actual cryptocurrency was exchanged between the buyer and seller. Not just bitcoin converted into cash, which is the more popular way to use the coin. Another home in West Palm Beach, Florida, is open to buyers with bitcoin and Ethereum and Litecoin, but with the caveat that cryptocurrencies are constantly changing. “Owner financing possible $149,900 USD, 13 bitcoin 375 Ethereum, 950 Litecoin (crypto price subject to change. Inquire crypto price at the time of interest),” the listing says. So far Trulia hasn’t officially seen a sale go down with the coin, but it’s probably just a matter of time.
Furthermore, it is obvious that cryptocurrency will have a part in future real estate transaction deals, but will it be enough to be the primary way of how things will be done in the future? The only way to find out is to wait and see. The life of cryptocurrency is still young.
Need some official home services? We encourage you to look at zurkel.com that offers local services rated the best in all of Florida!
Here at Premium Properties, we’re always looking for the best ways to help our clients. That’s why we are the best real estate company in Central Florida!
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by Ray Hayes
McDonald’s is teaming with Snapchat to connect with millennials and fill more than 250,000 job openings. The fast food chain hires are usually between the ages of 16 and 24 years old matching Snapchat’s most active user base. According to Engadget.com, “The company will start sending direct invites to users [June 13, 2017], and anyone interested can start sending in what it calls “Snaplications,” as well.” Back in April of this year, Mickey D’s launched the first Snaplication filter in Australia, which shows Snapchat users wearing a McDonald’s uniform.
For those curious about the application process on Snapchat, check out the information below:
- Record a 10 second video using the McDonald’s Snaplication filter and send it to the company
- Once the video is received the company will send a link to the application page within the Snapchat app
The fast food chain plans to also use Hulu and Spotify to attract more millennial hires as well.
PS – A Snaplication doesn’t take the place of a one on one interviews unfortunately.


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Baby found in the bath after playing with a shaker toy bought from Kmart
- Kids were burned from Kmart sensory shaker toys
- Queensland’s mother heard a child screaming from the bath
- The hospital staff told her that the child has first-degree burns
A Kmart toy burned two children while playing in the bath, with one of the children rushed to the hospital with first-degree chemical burns on her skin.
Jessie Tidyman’s two daughters were taking a bath when the contents of a sensory shake toy filled with glitter leaked and landed on them at their home in Queensland’s Moreton Bay.
The six-year-old daughter had burns on the tops of her legs, while the little 18-month-old also had burns on her legs that had flaked since the incident.
Ms Tidyman said it all started when her youngest let out a huge scream while in the bath, which the mother said she had ‘never heard before’.
“It’s like she was in pain, we got her out of the bath and tried to calm her down, she wouldn’t calm down,” Tidyman told the paper. Today show.
The six-year-old daughter had burns on the tops of her legs, while the little 18-month-old (pictured) also had burns on her legs that had flaked since the incident
Ms Tidyman said it all started when her youngest let out a huge scream while in the bath, which her mum had ‘never heard before’ (pictured, toddler’s burns)
The mother then realized the toy had been opened and was emitting a ‘chemical smell’ – so she called the poison hotline and then an ambulance.
The toddler was rushed to hospital before doctors broke the news to the shocked mother that her 18-month-old baby had first-degree burns.
The family then tried to determine what type of chemical had leaked, but there was no ingredient list associated with the toy.
So a sample was analyzed that showed it was phosphate acid – which is corrosive and is used in the production of soaps and detergents.
Ms. Tidyman urged Kmart to remove the toys from shelves to be tested or provide an ingredients list to help in cases where a child could ingest the chemical.
Ms. Tidyman urged Kmart to pull the sensory shaker toy (pictured) from shelves to be tested or provide an ingredient list to help in cases where a child could ingest the chemical
“Luckily my daughter didn’t drink it – I can’t imagine what would have happened if she did,” said Ms Tidyman (pictured)
“That way if a kid were to swallow it, it’s as easy as looking it up online and you can see the ingredients list which isn’t there at the moment,” Ms Tidyman said.
“Luckily my daughter didn’t drink it – I can’t imagine what would have happened if she had.”
The mother said her girls were doing better, adding that the 18-month-old toddler was not enjoying a bath at this time.
Meanwhile, a Kmart spokesperson said it was “very concerned” to hear about the incident, with the safety of their customers and team being their number one priority.
It said it took the incident “extremely seriously” and encouraged Ms Tidyman to contact them so they can launch an investigation and offer support.
Kmart was contacted by Daily Mail Australia.


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In the first quarter of 2022, Google plans to release its first wristwatch. The Pixel Watch has a crown and a gorgeous borderless circular display. People automatically think of the search engine when they hear the term Google. However, in recent years, the business has demonstrated that it can also produce excellent consumer electronics. Consider the Google Pixel phones and Pixel Buds headphones, for example. For a long time, the Google Pixel Fold was expected to make a comeback this year as the company’s first foldable smartphone.
It’s clear now that we’ll have to be a little more patient with this. Despite this, the American company will shortly unveil a new product category. Google’s first linked watch will be the Pixel Watch. Much has been said and written about this remarkable watch in recent weeks and months, with which Google will compete with the popular Apple Watch 7 and the Samsung Galaxy Watch Series 4.
Fitbit fitness and health features on a Google Wear OS wearable
The design of Google’s first smartwatch has been maintained as a closely guarded secret for a long time. The Google Pixel Watch is now plainly visible in promotional material that has surfaced online. Ian Zelbo generated a set of 3D renderings of the planned wearable device based on these pictures. The Google Pixel Watch boasts a sophisticated design. The watch has a completely bezel-less look thanks to the use of a wonderfully rounded circular display. It’s likely that it’s a touch screen. On the right side, there is also a crown for operation.
The timepiece is featured in the photographs with a silver watch case and a silicone strap. Of course, there will be a variety of watch straps available, which you may purchase as an extra accessory. Consider a silicone sports bracelet, a gorgeous leather bracelet, or a durable steel link bracelet. The Pixel Watch is most likely running Google’s Wear OS. This is most likely Wear OS 3, which is also used by the Galaxy Watch 4 and Watch 4 Classic. Many Fitbit technology will also be incorporated, which goes without saying. Finally, at the start of the year, Google purchased an American business that makes activity monitors.
Price and Availability of the Google Pixel Watch
Google’s smartwatch is likely to be unveiled in the first quarter of 2022. At this time, it is unknown how much the Pixel Watch will cost or in which countries it will be available. Pixel smartphones are not available for purchase in the Netherlands. As a result, there’s a significant probability we’ll have to relocate to Germany for the Pixel Watch. You may also wait for a grey import of the watch to arrive in our nation. In any case, the fact that Google’s first smartwatch is on the way is welcome news.


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Utility Stores Corporation (USC) Managing Director Major General (Retired) Malik Muhammad Farooq has announced Rs2 billion in subsidies, and discounts on 800-1,000 items.
Talking exclusively to the Online news agency after announcing a decrease in sugar prices on Friday, he said that around 5-10% subsidy will be available on products in Utility Stores in the month of Ramazan, while sugar will be sold at Rs15-Rs18 less than the market price.
Replying to a question regarding the standard of Utility Stores products, he assured that besides providing cheaper products, the standard of products would also be raised.
It is pertinent to note that after the presentation of the latest budget, sugar will be the first item to be sold at discounted rates.
Published in The Express Tribune, June 9th, 2012.
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Q: What am I allowed to recycle, and is there somewhere I can drop off items that are not recyclable?
A: It depends on where you live, says Bryan Johnson, recycling coordinator for the city of Madison.
“Recycling is a regional thing,” Johnson said. “It can be complicated. It can be tricky.”
In some cities, the streets division or public works department takes care of all of the recycling, Johnson said. In others, private companies take care of recycling. And the rules are different depending on who picks up the recyclables, he added.
Madison, for instance, has a 28-page Recyclopedia that details everything residents need to know about recycling in the city. The guide can be found online at www.cityofmadison.com/streets/.
Johnson said a common mistake people make is “wish recycling”: putting items in the bins that they wish could be recycled but don’t actually belong, such as Styrofoam, clothes, hoses, ropes and electronics. He said Styrofoam can break apart into tiny pieces and contaminate other recyclables.
But some of these items can be taken to other locations. In Madison, residents can recycle Styrofoam, tires, scrap wood, scrap metal, clothes, batteries, rigid plastic items, leaves, and extension cords and other electronics by taking them to drop-off sites. Madison has two drop-off locations at 1501 W. Badger Road and 4602 Sycamore Ave.
Madison is also starting a pilot program for curbside food-scrap pick-up in a West Side neighborhood. And there’s a compost drop-off location at 7102 Highway 12-18 in Madison.
Other locations that might take various “wish recyclables” include Goodwill, Best Buy, Ace Hardware, Kohl’s and Walmart. A full list of businesses that offer recycling in Dane County can be found at go.madison.com/recycle-businesses.
Johnson said Wisconsinites should contact their local municipality to see what the rules are in their city.
“There will be options available, it’s just a matter of finding them,” Johnson said.


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Exporters are disappointed at Queensland’s tough crack-down on trade that is likely to take effect on Friday.
The Australian state’s Buy Queensland First policy favours local suppliers even if they charge up to 30 per cent more than an outside bidder.
Export NZ executive director Catherine Beard said Queensland Premier Annastacia Palaszczuk’s policy was “disappointing” and would disadvantage both New Zealand and Australian exporters.
“It’s not a good policy. If the best deal is coming from outside that’s what they should be doing for Queensland’s people in terms of getting best value for money.”
Protecting industries that can’t compete doesn’t actually help them. The wine industry in NZ used to be protected and because of that they produced cheap wine for under $10 a bottle as tariffs meant imported wine would always cost more than that.
Once protectionism was removed, people predicted the NZ industry would die unable to compete with cheap imports. Instead it flourished as it then focused on quality, and has now become a major export earner.


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Debenhams‘ administrators have made millions in fees since the department store went under in 2020.
According to reports from The Times, FRP Advisory has made more than £7.2m in fees since Debenhams filed for insolvency
The administrators managed the sale of the store’s brand and website to Boohoo for £55m in January 2021, and documents reveal that FRP Advisory received an additional £1.9m in remuneration between April and October this year due to increased staff rates.
FRP Advisory declined to comment on the reports.
Debenhams first filed for administration in 2019, which was controlled by a consortium of hedge funds, led by Silver Point Capital, Alcentra and GoldenTree.


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26 April 2019 | News
One of three bispecific immuno-oncology therapeutics being developed under the two companies’ collaboration agreements
Zymeworks Inc. a clinical-stage biopharmaceutical company developing multifunctional biotherapeutics, and Daiichi Sankyo Company, Limited (“Daiichi Sankyo”) announced that, the Daiichi Sankyo has exercised its option for a commercial license to a proprietary immuno-oncology bispecific built on Zymeworks’ Azymetric™ and EFECT™ platforms. Zymeworks will receive a US$3.5 million payment based on Daiichi Sankyo’s selection of the first of up to three lead product candidates under its collaboration agreements with Zymeworks.
Under the terms of the 2016 cross-licensing and collaboration agreement, Zymeworks granted Daiichi Sankyo a license to Zymeworks’ Azymetric™ and EFECT™ platforms to develop a bispecific antibody therapeutic for which Zymeworks is eligible to receive further clinical and commercial milestone payments of up to US$143.4 million, as well as up to double-digit tiered royalties on global product sales.
Additionally, Zymeworks obtained a license to certain immuno-oncology antibodies from Daiichi Sankyo, with the right to research, develop, and commercialize multiple bispecific products globally in exchange for royalties on global product sales.


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With 5G commercial network expected to churn 1.5% of South Korea’s GDP by 2025, various carriers in the Eastern country are coming up with out-of-the-box methods to create a good base among its customers. South Korea’s largest telecom carrier, KT Corporation (KT) launched its 5G network commercial service earlier this month through an AI robot called Lota.
On December 1, KT Corp unveiled its next-gen wireless service at its network control center in Gwacheon, south of Seoul. Soon after, it was revealed that the AI bot Lota would be its first 5G subscriber. Lota is a robot guide to visitors to the Seoul Sky Observatory.
The Korean telecom giant seems to have selected the AI bot as a message to potential consumers on its outlook of a futuristic platform, an indication of things to come.
In Korea, KT Corp deployed the first phase of its 5G network in late November. The new service is now live in the greater Seoul metropolitan area, and in isolated regions such as Jeju, Ulleung and Dok islands.
The carrier looks to expand its nationwide 5G network to 24 major cities and key transport routes such as expressways, subways, high-speed railways, along with large universities and neighborhood shopping areas. KT Corp looks to move to the next phase of providing seamless 5G coverage through its entire network soon.
KT Corp also launched a customer service in its 5G network — 10 GB data for a mobile hotspot terminal for 49,500 won (about $44).
“KT has ushered in the 5G era by launching commercial 5G service on our 5G network across the country, and we will do our best to extend our coverage to every nook and cranny of the most remote mountain areas and islands, as well as urban cores,” KT’s Network Head Oh Sung-Mok said, “we will provide the best quality 5G service to our clients by continuing to develop cutting-edge technologies.”
KT Corp had earlier demoed the 5G trial services during the PyeongChang Winter Olympic Games in February this year. KT Corp was formerly known as Korea Telecom before its privatization in 2002. The company now works with partners in Korea and around the world, such as Samsung Electronics, Hyundai Mobis, Posco, Intel, Ericsson, Nvidia and Qualcomm.
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5


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As an online retailer soft leaves his seat at Design Center of the Americas near Fort Lauderdale, Fla., another tenant has more than doubled their footprint on the property, Commercial Observer has learned.
Technology company IntelePeer signed a new 10-year lease for 12,627 square feet at the Dania Beach Design Center, according to the broker Sidner clay of Newmark, who represented the company. IntelePeer first moved into the building, located at 1855 Griffin Road, in June 2018, occupying 4,493 square feet.
âThis lease is a great example of the growth of the South Florida office market as tenants begin to assess their real estate needs after the pandemic,â said Sidner. Vacancies in Broward County stay at this time last year at 16.9%, but down from the previous quarter, according to a report of Cushman and Wakefield.
The asking rent for the four-story Design Center of the Americas is $ 32 per square foot.
The 734,225 square foot office complex housed the headquarters of Chewy, a billion dollar pet e-commerce business. Earlier this year, the retailer signed a 221,590 square foot sublet across Broward County to Pointe des Plantations.
Founded in 2003, IntelePeer is a communications platform providing businesses with voice mail services as well as real-time analytics. The company will retain its headquarters in San Mateo, California, and increase its workforce in Florida.
Cushman and Wakefield‘s John criddle represented the owner, Cohen Brothers Real Estate Company.
Julia Echikson can be reached at [email protected]


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No matter what happens with the "Fiscal Cliff," every working American is likely to see a substantial pay cut after Jan. 1—and that could slow the economic recovery.
That's because the payroll tax holiday, which was launched in 2010 to help spur consumer spending, is scheduled to end this month. Though there's a chance it might be extended under a fiscal cliff deal, it's mostly been on the back burner with lawmakers.
The tax holiday lowered taxes for some 160 million Americans. Instead of paying a 6.2 percent rate, they've paid 4.2 percent. That meant a worker making $50,000 saw an increase of $960 for the year, while someone making $100,000 had over $1,900 in extra spending money. (Read more:AMT Patch in Cliff?)
"It's been a very effective tax cut for the economy," said Mark Zandi, chief economist with Moody's. "It's kind of the Rodney Dangerfield of taxes in that most people are not aware of it but it could bring on a significant hit to growth if it ends."
The payroll tax cut—part of the Obama administration's deal with Congress in 2010 over extending the Bush tax cuts— was only supposed to be a temporary fix, and that's why it hasn't taken a bigger role in the fiscal cliff talks, say analysts.
But it's clear that the coming increase in payroll taxes will hurt consumers in the pocketbook and slow an already sluggish economy.
"The impact will be hard on consumption as that makes up 70 percent of U.S. GDP," said Timothy Nash, an economics professor at Northwood University in Midland, Michigan.
"Where it will show up most is in retail, dining out and vacations," Nash said. "It also means lost revenue on savings and investments."
The intent of the payroll holiday—to help stimulate the economy and specifically consumer spending—seems to have worked. According to a report by Moody's Analytics, every $1 cut in the payroll tax expanded the economy by $1.27.
At the same time, projections for the payroll tax hike say it would reduce disposable income by $125 billion each year and slow overall GDP by 0.6 percentage point.
"The increase will be bad for people who live paycheck to paycheck," said Greg McBride, senior financial analyst at Bankrate.com. "For many, the reduction in payroll taxes was the only kind of pay increase they got in the last two years."
Still, extending the tax holiday has costs, specifically the funding of Social Security, which is where the payroll tax money goes. The government has made up the difference in revenues to Social Security, but the question is how long does it want to do that. (Read more: Obama's Social Security Plan)
"if we want to keep the holiday, then we do need to think about the long term effects for Social Security," said David Hasen, a tax law professor at Santa Clara University School of Law. "I don't think Social Security is in trouble, but what's the plan to keep funding it if the tax holiday continues."
Where the payroll tax holiday stands in the "fiscal cliff" talks is not known. Some Senate Democrats, like Bob Casey of Pennsylvania have called for it to be extended regardless of the cliff, while several Republicans such as Utah's Orrin Hatch, have called for it to end as scheduled.
Mark Zandi said that if the payroll tax holiday is a bargaining chip in the negotiations, that might not be so bad if it's part of a good deal. (Read more:Obama: Only $200 Billion Apart in 'Cliff' Deal )
"I'd give it up if it meant getting something like extended unemployment insurance benefits," said Zandi. "I think the tax cut is important for consumer spending but not as important as UI benefits."
In the end, the coming increase of payroll taxes will be another burden for workers and the economy to get through, said Greg McBride, noting a Bankrate study on Wednesday that said a third of Americans have cut back on personal spending as a result of the fiscal cliff showdown in Washington, D.C.,
"I'm not sure the payroll tax holiday was a real game changer for the economy but it's going away will be noticed," said McBride. "People have come to rely on it."


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First Verizon LG V40 specs benchmark leaks out, tips a sad Android version
By now, there's barely anything we don't know about the upcoming penta-camera V40 flagship by LG. The company is again said to equip the phone with a triple camera on the back - 20MP, 16MP and 13MP lens - and might be the only phone at the time to carry both "super wide-angle" and "super telephoto" lenses on it. After the official teaser above leaked out, we also know the exterior design that will apparently include some sort of soft-touch materials for the back, too.
What we don't know, however, are actual performance tests - of the camera, the chipset, the battery life, and so on important things that can only be had if you have the phone in your hands.
Not really, as an alleged appearance of the LG V40 in the Geekbench database has now revealed the exact horsepower of the Snapdragon 845 inside. It scores 8769 points in the multi-core test, and 2425 in the single-core, or in line with all Android flagships this year, as that's still Qualcomm's latest and greatest chipset.
A 6GB RAM pack rounds up the good offering, but we are a bit miffed that this Verizon version, denoted with LM-V405, has been benchmarked with Android 8.1 Oreo on board.
The first Android 9 Pie editions are hitting older handsets already, but US carriers are notorious with belated Android updates as the sheer testing of a new version takes months to complete, especially on Verizon, so we don't keep our hopes high for the V40.
source: Geekbench via Telefoonabonnement
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