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CVS’s $69 billion acquisition of Aetna continues to lurch toward closure — the deal doesn’t yet have the full green light — marking one of the health care industry’s largest transactions to date. CVS has promised consumers an improved experience and lower costs.
This deal has ramifications far beyond the current customers of CVS and Aetna. It should pave the way for a new kind of health care by addressing major inefficiencies in our overly complex health care system. If everything goes as planned, the deal will cut spending in the pharmaceutical supply chain — and possibly the entire health care supply chain — likely leading to lower markups and costs for consumers. It could also usher in a round of similar pharmacy-insurance mergers that could radically change health care in the U.S.
One of the major drivers of the CVS-Aetna deal is the current landscape of health care in this country. Industry players have faced both public and private pressure to lower costs as Americans feel the squeeze of increasing health care expenses, from insurance premiums to prescription drugs. Yet many of these players are stuck in the middle, expected to provide high-quality care at a low-quality cost. Advances in medicine have led to more expensive treatment options that consumers want and expect access to. “Outsiders” like Amazon are entering the health care industry, introducing a new level of competition. Further complicating the picture, Americans are living longer and consuming more drugs and health care services than previous generations.
With pressure mounting from the outside, the industry was left with no choice but to look within to reduce costs. Although the pricing scheme of pharmacy drugs and services is a closely guarded secret, we’ve learned that the complexity of the industry is what’s likely driving up costs. Insurance companies, pharmacy benefit managers, retail pharmacies, manufacturers, and wholesalers are all involved in the process to provide Americans with services and prescription drugs. For example, a brand-name drug is made by a manufacturer, then purchased and distributed by a wholesaler, who sells it to the pharmacy. Meanwhile, pharmacy benefit managers reimburse the pharmacy for the drug, and insurance companies reimburse the pharmacy benefit managers. With so many players involved in a single drug, it is clear to see the multiple points of pricing negotiations that take place.
To reduce costs, industry giants like CVS have been working to simplify this complex supply chain. In 2007, CVS and Caremark merged, combining a retail pharmacy chain and a pharmacy benefit manager. CVS’s acquisition of Aetna pulled an insurance company under its umbrella.
What does all of this mean for consumers?
Consolidations of complex supply chains improve efficiency and lower costs. Why? Because they reduce redundancies. If each entity in a drug supply chain operates independently, costs increase because each company needs to take a cut in order to make a profit. Markups at each stage result in higher-than-necessary costs. With fewer entities in the chain, there would presumably be fewer markups and lower costs.
In addition, supply-chain consolidation reduces the need for negotiations between each of the players, yielding further savings.
CVS has promised to fundamentally change the health care experience. It may take years, but with the power of an insurer, a pharmacy benefit manager, and a pharmacy, the company controls enough of the supply chain to actually deliver on its promise.
The CVS-Aetna deal is just the beginning of a major industry shift. Think about it strategically: Why would the nations’ third-largest insurance company agree to be acquired by one of the largest pharmacy chains? Neither company is struggling to survive; both are doing fine on their own. If revenues aren’t driving this deal, then costs must be.
In light of outside pressures from the public and lawmakers, as well as the overly complex drug supply chain, consolidation makes perfect sense. Which is why CVS and Aetna aren’t the only companies in the game. I would expect to see other pharmacy-insurance mergers and acquisitions on the horizon, just as we saw consolidation among pharmacies and pharmacy benefit managers over the last decade. We already are observing insurer-pharmacy benefit manager consolidation with the proposed acquisition of Express Scripts by Cigna. After that, who knows what’s next — perhaps manufacturers and wholesalers will get in on the trend?
My take-home lesson from the CVS-Aetna deal is that this move was made to reduce redundancy and complexity in the pharmaceutical (and possibly health care) supply chain. It has the potential to reduce costs. Some critics have claimed that none of the savings will actually be passed on to consumers, but I disagree. Realistically, consumers can expect to see most of the savings: Imagine the uproar if they didn’t. What’s more, the insurance industry is highly regulated, ensuring that a specific percent of funds goes toward claim payments.
Consumers aren’t happy with the current health care climate, and the industry must change in response. More mergers will follow and consumers will see cost savings without a hit to quality, which is really a win-win for all.
Kathleen Iacocca, Ph.D., an assistant professor of management at the Villanova University School of Business, is an expert in health care policy and health care supply chains.
Remember that these opinions are paid for with industry money. There is nothing objective here. These universities depend on industry money for more than 50% of their funding. They are ruining the credibility of academia, and science. The statements made here are advertising not fact or science based. Since the money is given to the university, and funds scholarships and internships, it does not have to be disclosed.
Universities are churning out loads of industry funded lies, misinformation and propaganda. It is no wonder people are not arguing over objective facts, here in the US.
Common sense tells us that with every merger prices go up, and choice goes down.
This is the biggest load of crap I have read thus far. I am not sure how one can assume that corporations zero transparency who are monopolies will save patients money? Over all once choice and competition is removed from markets you will be left with higher prices for equivalent services. The barrier of entry to enter the insurance market is high enough that there will be no competition. The fact is with every mega merger the consumer loses. They have higher prices over time. I agree that funding sources should be disclosed if this drivel is to be published.
These industry supporting academics should be forced to divulge their funding. We can’t expect people like this to have an objective view when they are paid for their opinions. History tells us that monopolies are not a good thing, and no good can come from this Mega Merger. CVS has been involved in a lot of criminal behavior, and merging these corporate criminals will allow even more of that.
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Facebook estimates 10 million people in the U.S. saw at least one politically charged ad purchased by bogus Russian-linked accounts.
Let's back up: In early September, Facebook revealed it discovered that inauthentic Russian-linked accounts bought around $100,000 worth of ads on the site.
Then, special counsel Robert Mueller reportedly used a warrant to obtain the ads and get information about who bought them.
Facebook shared the ads with Congress Monday and released more details. The social media company estimates 44 percent of the Russian-linked ads were displayed before the 2016 presidential election and 56 percent after the election.
Most of the ads focused on divisive political and social issues, like LGBTQ matters, race, immigration and gun rights.
Facebook says it's possible that more "bad actors" exist on the platform. The company says it hopes working with the special counsel and Congress will solve the issue.

domain: news


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Fully 51 percent of IT decision-makers say they “always” use their iPad at work (and a further 40 percent say they sometimes use it at work), IDG reports after conducting a survey on tablet use for work. Tablet business use
Though iPads seem to be used for a variety of purposes, content consumption seems to be a dominant business application, though significant percentages of business users also say the tablet displaces some amount of smart phone use as well.
Web browsing, reading and news consumption are the top three usage contexts identified by professionals worldwide. Some of us would argue those are trivial contributors to productivity, at best.
It might not matter if tablets displaced all use of either smart phones or notebooks and PCs, but that does not seem to be the case. People might prefer use of a tablet at times, but at other times need to use smart phones and PCs or notebooks.
Some would point out that smart phones make more sense, in terms of productivity, for example. Whether a new way to “read” is a big productivity contributor or not, is questionable.
That is not to say people like tablets; they do. It just isn’t sure whether we mostly ought to view them as a perk, and stop pretending they actually contribute to “productivity” as much as to worker “satisfaction.”
IT and business professionals say they “always” use their iPad for work communication (54 percent) than for personal communication (42 percent). Of course, what else would a respondent say, if that respondent wanted to keep their employer-issued tablet?
The IDC findings suggest that tablets, as used in work settings, mostly overlap and complement existing tools, including PCs and smart phones. The exceptions might arguably come in field operations, where the portability of a tablet makes it a much-better tool than a smart phone or notebook.
With a few exceptions, including Australia (where browsing on iPads is less popular than average), and South America (where iPads are used slightly more intensively for personal communication than work communication), there are some broad common patterns.
Some 79 percent of IT decision-makers saying that they “always” use their iPads “on the move”.
By contrast, only 54 percent say they “always” use their iPad at home. But to what extent is this usage leisure-related? Only 31 percent say they “always” use their iPad for entertainment; only 42 percent say they use it for personal communication. The caveat is that it is counterproductive for a business respondent to point out that the work uses of an expensive tool are nil.
The picture that emerges from this survey involves IT and business professionals using their iPads as dual-purpose work and leisure devices, with a relatively strong emphasis on work functionality, and an extremely heavy emphasis on on the move usage.
Despite this, only 29 percent say that they “always” connect via mobile networks. This suggests that the iPad has become a tool for IT professionals to consume time-shifted content (previously sideloaded, or app-derived) while in transit between locations. Notably, 75 percent of respondents say they use their iPad for “reading”.
Predictably, this survey confirms that iPads are better suited to consumption, rather than generation, of content.
Like consumers, IT and business decision-makers are finding that the iPads can be viable replacements for laptops in some scenarios. Over 10 percent of respondents say that their iPad has “completely replaced” a laptop. Over half say it has “partly replaced” their laptop.
Another way of looking at matters is that in 90 percent of cases, tablet users also need their notebooks. So a tablet becomes another tool, not a replacement tool, in the overwhelming percentage of cases.
The survey also suggests that tablet computing is transforming patterns of content consumption. iPad-owning IT and business professionals are rapidly migrating away from newspapers and printed books, toward digital alternatives.
In terms of “productivity” analysis, note that use of the iPad hasn’t prompted the majority of IT and business professionals to abandon any other device. Only 12 percent say that their iPad has “completely” replaced their laptop. Just six percent say it has supplanted their PC.
For most, the iPad isn’t a substitute for an existing tool or device. Instead, it’s a supplement, albeit one with functionality that overlaps with other devices.
As a result, the iPad seems to have carved out a niche for itself at the partial expense of several rival form factors. Relatively large numbers of respondents say that their iPad has “partly replaced” laptops, PCs, smart phones, MP3 players, TV/DVD recorders and even games consoles.
Interestingly, 43 percent describe the iPad as a part-substitute for their smart phone, with higher than average substitution levels occurring in South America (67 percent).
Nearly three-quarters say that owning an iPad has reduced the frequency with which they purchase newspapers and books.
Half say that owning an iPad means they are less likely to purchase films on DVD. That’s a somewhat odd finding for a device that respondents say is used for reading and other content consumption.


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Blue Nile reports a 10% revenue jump in Q3
October 31, 2013 10:13 AM
Revenue increased 10% year over year for online jeweler Blue Nile Inc. in the third quarter. Blue Nile, No. 74 in the Internet Retailer Top 500 Guide, also reported a 23% increase in global sales.
This “is our sixth consecutive quarter of double-digit growth," says Harvey Kanter, president and CEO. "For the upcoming holiday season, we are excited to feature a rich product assortment delivered through an enhanced user experience on the PC, tablet, and phone, and supported by our industry-leading customer service.”
For the quarter ended Sept. 30, Blue Nile reports:
• Net sales increased year over year 10.0% to $98.9 million from $89.8 million in the same period last year.
• Net income increased 70.6% to approximately $2.9 million in 2013 from about $1.7 million.
• Sales of engagement rings in the United States grew year over year about 7.0% to $57.9 million from $54.1 million.
• Sales in other jewelry categories in the United States increased 9.6% to $23.9 million from $21.8 million in 2012.
• International sales grew year over year about 23.0% to $17.1 million from $13.9 million.
• Selling, general and administrative expenses hit $16.2 million, up 13.3% compared with $14.3 million in the same period in 2012. Those expenses include stock-based compensation of $1.2 million compared with $1.3 million for the same period last year.
Blue Nile said that for the fourth quarter of 2013, it expects net sales to range between $146 million and $161 million.
For the year to date, Blue Nile reports:
• Net sales of nearly $304.1 million, up 15.2% from about $263.9 million.
• Net income of approximately $5.9 million, up 68.5% from $3.5 million for the same period last year.


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Volvo Cars has announced a 27.7% growth in operating profit (EBIT) in 2017, earning SEK14.1 billion (about RM6.9 billion) compared to SEK11 billion (about RM5.4 billion) in 2016. Meanwhile, net revenue went up by 16.6% to SEK210.9 billion (about RM103 billion) from SEK180.9 billion (about RM88 billion) in 2016.
The Swedish carmaker also recorded 571,577 cars sold globally, which represented a 7% growth. This is largely boosted by a 25.8% sales increase in China, Volvo’s largest individual market. In other markets, Europe saw a 2.8% increase, while the United States declined by 1.8%.
Focusing on individual models, the current and previous XC60 continue to be the brand’s most popular models with 184,966 units sold. This is followed by the V40 with 95,370 units and the XC90 with 87,518 units.
“Our business has transformed completely since 2010 and we are now gearing up for a phase of global, sustainable growth. We are investing in all parts of our organisation and have laid out clear strategies around electrification, autonomous drive and connectivity,“ said Håkan Samuelsson, president and chief executive of Volvo Cars.
The company has already announced plans for a new production plant in Charleston, South Carolina, which will build the all-new S60 sedan as well as the next-generation XC90 SUV.


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Kennewick, WA-You'll pay less for your sweet tooth by the end of next week.
The voter-approved initiative 11-07 takes effect a week from today.
That means retailers can remove the taxes the Washington State Legislature imposed earlier this year on candy, gum, soda pop, and bottled water. The initiative also lowers the business tax on producers of products that contain meat.
The state revenue department says it expects to lose nearly $55,000,000 in tax revenue for the rest of the fiscal year.


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The Motley Fool is a respected investment website that recently posted an analysis of Boston Beer’s potential to increase sales abroad. The whole thing is worth a read, but there are a couple tidbits about the craft revolution that we wanted to pointed out:
The Brewers Association mentioned at the CBC last year that it has a goal for the craft beer industry to hit 20 percent of the U.S. beer market by 2020. Within this article, that goal gained some weight, stating “analysts expect it will own a 20% share of the market by 2020.” Now, maybe those “analysts” who are “expecting” this are still the leadership of the BA, with fingers crossed, but who knows. The article also notes the liklihood that the industry topped 10 percent of the market in 2014.
But the article mainly focused on international interest in craft beer. We’ve seen some of the bigger names in craft beer toss their hats in this ring (Brooklyn Brewery building a facility in Sweden, Stone Brewing crowdfunding a facility in Germany, Mission Brewery winning a bid to enter the Swedish market) but there could be plenty of room for others. From the Fool:
IBISWorld forecasts this market will grow at a compound 34.8% annual rate to 2019, making craft beer exports a $330 million business.
Whoa. Much more significant than the $74 million market it is currently. The top markets being Canada, Sweden, the UK, Australia and Japan.
Be sure to read the rest of the site’s analysis of the craft beer export market and Boston Beer’s leadership position in it.


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How to Survive the Whipped Cream Shortage on Christmas Holidays
If you love sweet and love to add extra whipped cream on top of your Christmas pudding or a hot cocoa, you may find it harder on this holiday season.
An explosion at a Florida nylon factory last August has left American grocery stores with a sudden Reddi-wip shortage. Though this incident will make it harder to find the popular whipped cream topping this year, it also serves as an important reminder to appreciate the vast network of people and machines that go into making the treat possible to find, reports The Atlantic.
Reddi-wip’s key ingredient is nitrous oxide, better known as laughing gas. Most of the time, nitrous oxide is not exploding. It’s sitting inertly in refrigerators and trucks and tanks. “Most people consider nitrous oxide to be very safe,” says Dan Tillema, an investigator with the U.S. Chemical Safety Board. Tillema is investigating why that nitrous-oxide tanker exploded in Cantonment, Florida, one afternoon in August. The accident killed a plant operator, Jesse Graham Folmar, 32, who was filling the tanker at the time.
— ryank (@ryantkelly) 9 de diciembre de 2016


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2017 Ford Ranger May Be Ignored For Ford Bronco Return
There is talk going around that we are going to see the Ford Ranger make its way back onto the roads in the US to compete with the Chevrolet Colorado and the Toyota Tacoma. Word is going around that the production for the vehicle is going to begin next year.
People are getting very excited but it’s not just because of the rumors about the Ford Ranger. There is also talk about a new SUV coming our way that is going to be based around the Ranger and word is that it will be the Ford Bronco that heads out way after a long absence.
Fans of the Ford Bronco have been waiting for its arrival for many years after rumors kept suggesting that Ford was bringing it back. Ford did tease us about it with a concept some years back and now it looks like it might actually happen.
If Ford is going to bring the Ford Bronco back, production of it may start around one year after the Ford Ranger.


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MISSION VIEJO – Saddleback College fashion and business students hosted their annual fall project on Thursday. This year's event, entitled "Daisy Dukes and Cowboy Boots," featured a pie eating contest, chili cook-off, barbecue, fashion show, and dog adoption.
Proceeds from the event will benefit The Ark of San Juan Companion Animal Rescue, which brought adoptable dogs to participate in the fashion show.
- Former Valencia High School teacher sentenced for sex with student
- Woman kills her attacker in Newport Beach
- As homeless encampments swell, Orange County to close 2 miles of road along Santa Ana Riv
- The helpers try to reach homeless in O.C.'s 'Skid River' but victories, frustration side
- Street Style photos: What's fashionable in Old Town Orange?


text: When it comes to smart phones most people are either an iPhone/Apple lover or an Android lover… though there’s still some Blackberry folks out there too. I’m an iPhone owner, but I do admire a lot of the style and features that come with Samsung’s Android phones. Putting aside the problems that came with the Galaxy Note 7, Samsung just announced it’s new Galaxy S8 and S8+ phones yesterday… and they are a beauty of a phone. If you plan on grabbing the new Galaxy S8, they come out April 21, 2017. In the meantime, check out all of the features of the phone below.


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Table of Contents
Apple has announced the new operating system for iPad, iPadOS 17, and it brings many exciting features. Here are some of the highlights:
iPadOS 17 introduces powerful widgets that can be placed on the home screen, providing users with quick access to information and enhancing overall functionality.
Custom Lock Screen
Users can now customize the lock screen of their iPads. Pressing and holding allow users to choose from various wallpaper options, including Live Photos that create a slow-motion effect by synthesizing additional frames, similar to Apple Watch face.
Users can track various activities from the lock screen such as meal orders, travel plans, and timers, making staying on top of essential tasks convenient.
For the first time, iPadOS 17 will include the Health app, taking advantage of the larger screen real estate and allowing users to sync health data from all their devices. The integration of HealthKit brings comprehensive health tracking to the iPad.
Working with PDFs will be improved in iPadOS 17. The operating system can now use autofill to populate fields in PDFs, even in documents scanned with a camera, streamlining the workflow.
The Notes app will receive an update that enables collaboration on PDFs. Users can view PDFs within Notes, flip through pages, and save multiple PDFs in a single note. Collaborators will see changes in real-time, enhancing productivity.
Enhancements to the size of windows and greater control over the workspace will be introduced, providing users with a more efficient and tailored multitasking experience.
Users will have more control over the camera during FaceTime calls, enhancing the overall video chatting experience.
Stay Tuned for More Updates
We will continue to provide updates on the latest developments in iPadOS 17, so stay tuned for more information.
Predictions and Release Date
Before the official announcement of iPadOS 17, there were predictions about its release. The annual Worldwide Developers Conference (WWDC) is set to take place in June 2023, when Apple traditionally unveils its latest operating systems. The first developer beta of iPadOS 17 is expected to be released on the same day as the WWDC keynote, with the public beta becoming available later. The final version of iPadOS 17 will likely be released in the fall, following previous release patterns.
Compatibility and Installation
The specific models of iPads compatible with iPadOS 17 have not been confirmed yet, but based on previous years, it is expected that older models may not be supported. The compatibility list will be announced at the WWDC keynote. To install iPadOS 17, users can either wait for the official release and update their iPads through the settings or participate in the developer or public beta programs. It is recommended to back up all data before installing beta versions.
Rumored Features and Wishlist
While there are limited rumors about the features of iPadOS 17, there are some anticipated additions. It is speculated that the lock screen customization introduced in iOS 16 may also be extended to iPadOS 17, allowing users to personalize their iPad experience. Compatibility with external app stores could be another new feature due to regulatory requirements.
Additionally, the integration of xrOS software, expected for Apple’s mixed reality helmet, may impact iPadOS 17. Other wishlist features include a dynamic island similar to the iPhone 14 Pro models, a redesigned home screen with more customization options, multi-user support, and enhanced integration with the Apple Watch.


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22+ Omfg New Years Eve Pictures. 3 of the uncensored rave vlogs at where i cleanup my highlights and move. New year's eve live presented.
» omfg new years eve. Bts will be attending the 2021 new year's eve live presented by weverse concert! Big hit just announced a 2021.
But what about at new year's eve?
Earlier today, west coast based production company led announced the lineup for their 3rd annual new years eve show, omfg. I can't fathom why the preposition is at. The first ever big hit labels family concert, the upcoming '2021 new year's eve live' presented by weverse, has unveiled its full artist lineup! Free shipping on us orders $35+ find everything you need for an epic new year's eve party all in one place!.


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Unit 61938, a group of Chinese governmental hackers responsible for more than 100 documented attacks since 2006, might have been nailed on the outskirts of the world's biggest city - Shanghai.
Your handy guide to all of the phones and tablets running Windows 10 Mobile
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Windows Store Weekly: The OneDrive and Microsoft Health apps are now universal
windows store weekly
...of all things Android, connected sexercise and Windows phones on the wane
Kindle Oasis 3G: the best Kindle that $360 can buy
Win a Microsoft Lumia 650 + a 200GB SanDisk microSDXC card!
Here are some of the best games you can play on your Windows 10 Mobile right now
windows 10 mobile
The release of America's Army, the free multiplayer shooter created and funded by the US Army, has been highly successful over the past decade. Now it looks like China's People's Liberation Army is about to...


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The forthcoming Rio Olympic Games could provide a small boost to pub operators, according to the Greene King Leisure Spend Tracker.
Data from the research, complied on behalf of pub operator and brewery Greene King by YouGov and Trajectory Partnership, reveals that 35% of all Brits intend to watch some of the event, which runs from 5 to 21 August, in a pub.
The opening ceremony is expected to be the most popular event, with a third more adults responding that they would prefer to the opening ceremony than the 100m sprint final while enjoying a drink.
The survey also recorded that eating out was the only area of British household spending to increase during June, with a 4% rise year-on-year and a 3% increase month-on-month. Overall, average British households spent £208 on out of home leisure - a 3% decrease year-on-year, but a 1% increase month-on-month.
The Greene King Leisure Tracker surveys the spending habits of around 4,000 adults every month. Green King is the operator of around 3,100 pubs, restaurants and hotels in the UK.


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The U.S. Department of Agriculture’s latest Cold Storage Report shows animal-protein levels are still impacted by COVID-19. The monthly report, provided by USDA’s National Agricultural Statistics Service, shows the end-of-month volume of commodities in freezer storage throughout the United States. An important market-moving report, it covers most commodities that require cold transport – ranging from nuts to fruits and vegetables, to dairy and meat.
All meat, poultry in cold storage – At the end of February, total cold-storage stocks of meat and poultry – excluding duck – came in at 2.12 billion pounds, about 330 million pounds or 13 percent less than a year ago. All meat and poultry aggregate categories except beef showed year-over-year declines in volumes. Pork and chicken led the way with an almost-160-million-pound year-over-year decline for each protein. Since the end of May 2020 cold storage for meat and poultry has run at less than previous years’ levels, even though slaughter has mostly recovered from the pandemic disruptions and greater weights pushed production to more than previous levels. Figure 1 shows that since the initial drop in cold-storage levels in May 2020, meat and poultry in storage has largely followed seasonal trends – except for this most recent report, which showed a slight decline instead of the typical seasonal bump.
Beef, chicken in cold storage – There was a similar decrease in cold-storage levels in May for beef and chicken. But some of that was in line with normal seasonal declines – in beef’s case – and both have recovered somewhat. During fourth-quarter 2020 we saw an increase in the levels of beef in cold storage, resulting in a buildup that ran counter to typical seasonal trends. The report shows a decline during the past month but this is a record level for beef in cold storage at the end of February. The latest report has beef in cold storage at 510 million pounds – 16 million pounds or 3 percent more than 2020. The increase was mostly driven by increasing volumes of boneless beef.
As with other proteins, the volume of chicken in cold storage declined in May 2020. But it largely stayed at more than previous years’ levels until August as a result of a slow replenishing of the stocks relative to a normal fall buildup. Chicken stocks have been in decline since October, with a dramatic counter seasonal decline in the latest report. Total chicken in cold storage came in at about 770 million pounds – more than 155 million pounds or 17 percent less than 2020. The decline is a major contributor to the decline in all meat and poultry from 2020.
Pork in cold storage – Pork was the primary driver of the overall decline of meat and poultry in cold storage this past summer. The protein posted a massive decrease of almost 150 million pounds in May alone; there’s been little progress in replenishing its stores. Several factors contributed to that. In the early summer animal slaughter struggled dramatically, with the first week of May marking the worst point in hog slaughter for 2020. With reduced pork supplies available when restaurants were reopening in some parts of the country and consumers emptying grocery-store shelves, there was a drawdown in pork in cold storage. After supply began to recover, the lack of replenishment hinted at stronger movement through retail and export channels.
After the initial decline pork stocks in cold storage largely followed seasonal trends, with a typical decline in fourth-quarter 2020. At the end of February, the USDA reported 491 million pounds of pork in cold storage, a decrease of almost 160 million pounds or 24 percent from 2020. All pork in cold storage has declined almost across the board, but the decline is not equal across primals. At 47 million pounds and 43 million pounds less than 2020, respectively, pork in the “other” category – variety meats, picnics and unclassified pork – and ribs have declined the most. Those are followed by bellies, which decreased almost 36 million pounds from the past year, a dramatic drop of almost 50 percent.
The USDA’s latest cold-storage report shows the animal-protein supply chain still struggling with the impacts of COVID-19. At the end of February total cold-storage stocks of meat and poultry – excluding duck – came in at 2.12 billion pounds, about 330 million pounds or 13 percent less than a year ago. Most meat and poultry aggregate categories showed year-over-year declines in volume, with pork and chicken leading the way at almost 160 million pounds less than 2020 for each category. Beef posted a monthly best for the report, showing a 3 percent increase as compared to 2020, but a 2 percent decrease from the previous month. Pork bellies registered significant decline from the past year, coming in almost 50 percent less than year-ago levels.
Michael Nepveux is an economist with the American Farm Bureau Federation’s Market Intel. Visit www.fb.org/market-intel for more information.


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The Oil and Gas retail downstream sector has been saddled with so many challenges in the past and present. Fuel margins reducing every passing year coupled with challenges like fuel and cash theft as well as other operational control breaches. Fuel retailers face a deep struggle to survive and remain relevant amidst high competition. energy360 … Continue reading Did You Know tech in Africa stops gas station fraud?
Did You Know Einstein like brains are enabling African Innovation?
Last week the Next Einstein Forum took place in Nairobi, which brought together some of the greatest minds in Africa, scientists as well as business leaders, to promote African scientific excellence, as encourage the future of Africa's mathematical and scientific sector. For a general overview of the happenings of the event, including the inauguration of … Continue reading Did You Know Einstein like brains are enabling African Innovation?
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Hobart's iconic Salamanca Market will shut down for the next two weeks due to the coronavirus pandemic.
The cancellation follows last week's announcement of the cancellation of all public gatherings over 500 across Australia and Wednesday's banning of indoor events with more than 100 people.
On Wednesday afternoon the market released a statement on Facebook announcing the two-week cancellation.
"Today we have made the difficult decision to cancel Salamanca Market for the next two weeks," it said.
"Each week, thousands of people from all around the world attend our market and it's a cultural hub for locals and tourists alike.
"It's not in the best interests of our community, our staff and our stallholders, to put anyone at risk in these uncertain times."
IN OTHER NEWS:
The market will be closed on March 21 and 28.
The statement also recommended people who were planning on attending the Saturday market continued to support local businesses.
"We recommend that you support our local businesses, many of which are open and need your help," it said.
"Go for a drive in the country, visit a vineyard, a cheesemaker, or an artist's studio.
"Even better, find a few of our stallholders with websites or a roadside stall and give them some love."
Destination Southern Tasmania's chief executive officer Alex Heroys said he understood the economic impact it would have on businesses.
"While this is obviously a difficult decision, we fully support the City of Hobart in the interests of market patrons, stallholders and staff health and safety," he said.
"We are all in this together and it's a chance to truly band together and support each other.
"Every single tourism operator, café and retail business is also hurting right now.
"We commend the council for investigating other options and offering support for the Salamanca Market stallholders.
"[It] will be back, when we are all back."
To find a Salamanca Market stall holder visit, https://www.salamancamarket.com.au/Find-a-stall.
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SAN FRANCISCO (CBS.MW) -- After months of speculation about its plans to go public, the talk surrounding Internet search company Google has now shifted to the possibility of a buyout.
The market buzz follows a published report that Microsoft
Google, the wildly popular company based in Mountain View, Calif., has rebuffed Microsoft's takeover offer, according to the report in The New York Times.
A Microsoft spokeswoman declined to comment on the report, citing company policy regarding "rumors or speculation," and Google spokesman David Krane would not comment. Microsoft rose 2 cents to close at $26.14 on volume of more than 68 million shares.
For months, the future of Google has been a hot topic in investment circles as the company considers going public, possibly in early 2004. As CBS MarketWatch recently reported, investment firms have estimated Google could be worth as much as $19 billion.Join the discussion on Microsoft and Google.
Even judging by the hyperactive life of Internet companies, Google has had a high-speed growth spurt. It has gone in a short five years from a start-up founded by Stanford University graduate students to the most-popular search engine on the Internet, fielding more than 200 million queries a day.
Google received its biggest boost when Yahoo YHOO chose the company to run its search engine.
Co-founder Sergey Brin recently told MarketWatch that Google counts Microsoft as a main rival -- notably omitting mention of smaller search companies such as Overture Services
Such talk hasn't gone unnoticed by Redmond, Wash.-based Microsoft, which has been trying to bolster the search features of its MSN Internet portal division. On Oct. 23, Microsoft said an increase in revenue from companies paying to be listed on the MSN search service helped the division post its first quarterly profit.
Recently, Microsoft CEO Steve Ballmer may have added his own fuel to the flames of Google speculation. At a symposium on Oct. 21, Ballmer told technology industry officials to "stand by for news" about an impending acquisition. Microsoft still hasn't come forward with details on any deals.
While adding free-wheeling Google to the Microsoft family might seem a no-lose opportunity, acquiring the company might present a series of pitfalls that could seriously dilute some of the value Microsoft seeks.
Whit Andrews, a search-technology analyst with Gartner, said he would be "shocked" if Microsoft bought Google. He's concerned about a culture clash, and suggested "a large amount of value would exit the door."
"Google is a company that had never been tied to traditional profit metrics," Andrews said. "It's something that has always been operated for maximum innovation."
Andrews added that while Microsoft is "fascinated by the search business," search technology is the only one of the company's three business areas about which Microsoft has any real knowledge. In addition to search, Google runs an advertising-services branch and a search-appliance business; Microsoft has not had much prior interest or success in those areas, the analyst said.
"Microsoft is a company in which in every venture it has made into media, it has stumbled," Andrews said. "They know nothing about ad services. And except for the XBox, they aren't into hardware manufacturing."


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Mary Kramer, the publisher of Crain’s Detroit, writes about how the weekly business newspaper wants to expand its coverage in the next year.
Kramer writes, “Last year, we recognized that the kind of journalism we produce at Crain’s Detroit Business would be welcomed in other parts of the state. So we created a monthly print section devoted to offering in-depth reporting on industry trends outside of Southeast Michigan. In addition to our own subscribers in Southeast Michigan, we send this monthly issue to 5,000 C-suite executives around the state.
“We also now have weekly digests of important Michigan business news and a weekly e-newsletter that offers timely updates.
“As a news organization, we at Crain’s have never felt a stronger need in our market — and our state — for reliable business reporting than we feel right now.
“Our plans in 2012 are not to retrench but to expand and provide in-depth reporting on companies and industry trends not just in Southeast Michigan but around the state.
“We’ll be announcing how we do that soon.”
Read more here.


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Ninjas in Pyjamas Collaborates with XBorg to Launch Innovative Fan Engagement App
Swedish esports powerhouse Ninjas in Pyjamas (NIP) has unveiled a strategic collaboration with Web3 technology company XBorg to introduce an innovative fan engagement app. This app, set to launch later this year with an upcoming early access phase, will leverage a digital collectible system to reward and unite NIP enthusiasts, establishing itself as a central hub for fan activity.
XBorg: Pioneering Web3 Solutions for Fan Engagement
XBorg, a Web3 technology specialist known for crafting applications utilizing various Web3 systems for fan engagement and digital identity, entered the esports spotlight in March 2023 through a groundbreaking partnership with European esports organization Team BDS. Notably, XBorg also manages the Xtreme Championship Series, a Web3-driven esports league.
The Vision Behind the Partnership
The collaborative effort between Ninjas in Pyjamas and XBorg centers around the development of a fan engagement app, aiming to redefine how fans connect with and support their favorite teams. With a focus on enhancing the overall fan experience, the app promises features that allow supporters to connect with fellow fans, explore novel ways of backing NIP, and participate in gaming events.
A Rewarding Fan Experience
While specific details about challenges and rewards remain undisclosed, XBorg and NIP emphasize that the app will include a reward system. Fans engaging in gaming events, showing support on social media platforms, and completing challenges will have the opportunity to earn rewards. The overarching objective is to establish the app as a comprehensive digital fan hub, echoing similar initiatives by prominent esports organizations, such as MAD Lions’ collaboration with Ziliqa.
NIP’s Perspective on the Partnership
Hicham Chahine, Founder and Co-CEO of Ninjas in Pyjamas, expressed pride in the partnership with XBorg. Acknowledging XBorg’s leadership in the Web3 industry and its commitment to pushing technological boundaries, Chahine anticipates unveiling the Ninjas in Pyjamas app as a significant milestone. The organization has dedicated substantial efforts to create immersive digital experiences, aiming to elevate the NIP fan experience to unprecedented heights.
Anticipation for the Ninjas in Pyjamas App
As the collaboration progresses, fans eagerly await the Ninjas in Pyjamas app’s release, anticipating a platform that goes beyond conventional fan engagement. With XBorg’s expertise in Web3 technology, the app is poised to revolutionize the interaction between esports organizations and their fanbase. The digital collectible system and reward mechanisms are expected to foster a sense of community and active participation among NIP enthusiasts.
In conclusion, the Ninjas in Pyjamas and XBorg partnership signifies a significant step towards leveraging Web3 technology to enhance fan engagement in the esports landscape. The upcoming fan engagement app is poised to redefine the relationship between NIP and its supporters, setting a new standard for immersive digital experiences in the world of esports.


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Amazon’s multi-billion-dollar Climate Pledge Fund will help support low carbon technologies including those in energy generation and storage.
Last year the online retail giant unveiled its Climate Pledge, a commitment aimed at helping the world reach targets set within the Paris Agreements ten years earlier than planned and reach net zero by 2040.
That pledge was launched alongside Global Optimism, the Christiana Figueres climate advocate, while companies including Verizon, Reckitt Benckiser and Infosys have recently joined.
While Amazon remained quiet on the details of the pledge at the time, it has this week unveiled an initial tranche of funding – worth US$2 billion – which will be used to support “visionary companies” whose products and services can aid the net zero transition.
That fund will be used to invest in companies across multiple industries, with those involved in energy generation, storage and utilization being targeted specifically, Amazon has confirmed.
Amazon’s chief executive and founder Jeff Bezos said that companies of all sizes and locations would be considered for the investment.
“The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably.
“Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations,” he said.


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Ashok Leyland has announced the production rollout of its three millionth commercial vehicle at its Pantnagar manufacturing facility, Uttarakhand.
“The rollout of the three millionth vehicle from our factory validates the joint efforts made by our numerous teams including our supplier and technology partners,” said Ganesh Mani, Chief Operating Officer, Ashok Leyland.
The Chennai-headquartered company is the country’s second-largest medium and commercial vehicle manufacturer. The Hinduja flagship runs seven manufacturing plants in India, a bus manufacturing facility in Ras Al Khaimah (UAE), and one in Leeds in the UK. Globally, it is the fourth largest manufacturer and 19th largest truck maker.
The company’s scrip closed at ₹173.05 per share, up 1.02 per cent, on the BSE on Thursday.


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Holdens Solicitors are delighted to be shortlisted in the
Business Support Category at the Bay Business Awards.
Susan Rutherford, Practice Manager at Holdens, said "We are
so grateful to re...
security should be at the forefront of every business owners mind. If you
want to know how you would cope with an incident, come along to a free workshop
session being run by the North Wes...
Earlier this week I got in to conversation with some friends
about their personal insurances. They were shopping around and asked me to
weigh in on what they should be looking for. They did not, h...
accommodation provider, CityBlock,
is celebrating after being shortlisted for three prominent awards at Property
Week's national Student Accommodation Awards 2018.
You've probably already heard of the exciting plans for Lancaster
On Ice. Lancaster On Ice will see a real ice, ice skating rink in Dalton Square
throughout the festive period. Launching on 24th N...
Lancaster BID is delighted to be able to offer local
businesses a low cost marketing opportunity to promote your business on the big
screen at the Lancaster Christmas Lights Switch On event.
X Factor Winner and CBeebies favourite to headline the Lancaster BID Christmas Lights Switch On 2018 25th October 2018
The Lancaster Business Improvement District (BID) has announced the date for this year's big Christmas Lights Switch On as Sunday 25th November 2018 as well as exclusively revealing this year's line...
We've recently been alerted that someone is phoning businesses from a mobile phone number, saying they are from BID Lancaster and offering website designs and adverts in local publications.
Holdens have recently been used in a case study by BigHand. BigHand offers industry-leading technology which makes Dictation faster to complete and easier to manage, enabling businesses to record on...
Lancaster BID has partnered with Lancaster City Council to
deliver improvements to some of the ginnels in the city centre.
Lancaster has many ginnels and passages which lead off the
Lancaster BID was proud to nominate Lancaster city centre in
the search to find the 2018 Great British High Street.
The Great British High Street Awards are an exciting
opportunity for councils, ...
Last year, the Lancaster Business Improvement
District (BID) hosted the inaugural Lancaster Student Shopping Night. This
year, Student Shopping Night is back, and it's bigger than ever!
Planning is well underway for an exciting programme of
events in Lancaster City Centre in the run up to Christmas 2018. Events will be
taking place in the city centre every weekend throughout Nove...
Following the huge success of the second North Lancs Expo, it looks like North Lancashire will have a gateway to show off the people, places and businesses that make it such a great work and play de...
You've heard the rumour, and they are true! Lancaster will this year be getting an outdoor Ice Rink! If it has always been your dream to skate around the Grade 2 listed Queen Victoria Monument on Da...


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Photo: Meredith Galante/Business Insider
Prudential Douglas Elliman executive vice president Christopher Poore wouldn’t want to be living or selling in any other period in New York City more than right now.The New York Daily News asked Poore, “In which era in NYC history would you want to be selling or living?“
Right now. The market is hot as supply is limited. New development is also on the rise. It is truly an exciting time.
Poore is one of the city’s top real estate agents, so he has his thumb on the pulse of what’s happening in the world of New York City real estate.
And it’s on track for its best year ever.
“Without question, 2012 is shaping up to be the best year in Luxury Sales ever recorded,” Donna Olshan, of Olshan Realty, told Business Insider last week.
Poore told the Daily News to keep an eye on Hell’s Kitchen and NoMad (north of Madison Square Park). He said the two are emerging neighborhoods with “burgeoning culinary and shopping scenes,” and that new Developments are also popping up in the areas.
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Walt Disney (DIS -0.15%) made a surprising move this week that sent its stock surging higher. The media giant announced a reorganization of its business that will accelerate its transition from traditional television to streaming.
The reorganization importantly separates its content creation teams from a new unit focused solely on distributing and monetizing its media, making Disney more nimble as it doubles down on its direct-to-consumer strategy.
This change sets up Disney to invest more aggressively in its greatest opportunities -- a narrative investors should love.
It's all about streaming
Disney's new business structure reflects "the tremendous success achieved to date in the company's direct-to-consumer business and [will] further accelerate its DTC strategy," Disney said in a press release on Monday.
The new corporate structure will rest on the foundation of a new centralized unit called media and entertainment distribution. The primary emphasis there will be on distribution and monetization activities, including sales and ads. This unit "will "have sole [profit-and-loss] accountability for Disney's media and entertainment businesses," the press release said.
Disney's content creation engine will be divided into three groups, creating content for sports, traditional TV, and powerhouse franchises such as Pixar, Marvel, and Lucasfilm. The primary focus of content creation under this new structure, however, will be streaming services.
Disney has good reason to accelerate its efforts to grow its streaming business. In the company's third quarter of fiscal 2020, Disney+ subscribers hit 57.5 million, up from 33.5 million just three months earlier. Further, Disney's Hulu subscribers increased from 32.1 million to 35.5 million over this same period.
While the media giant's flagship Disney+ service often gets the most media attention, this new structure will also help Disney ramp up its efforts in other streaming services where it benefits from fast-growing connected-TV ad businesses. Hulu's Live TV subscribers, which see ads on some content, were up 55% year over year in Disney's most recent quarter. This was much faster growth than Hulu's subscription video on demand service saw; SVOD-only subscribers increased just 25% year over year.
Disney's new distribution and monetization unit will have greater agility to capitalize on opportunities for growing its CTV business -- an area that Disney seems to have been prioritizing. On Oct. 1, Disney launched the Magnite (MGNI 1.40%)-powered Disney Hulu XP platform -- a unified storefront for digital ads across Hulu and Disney's other TV networks.
Investors will get more insight into Disney's recent progress in streaming and its plans to accelerate these efforts when the company reports its fiscal fourth-quarter earnings on Nov. 12.


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Blog results - found 307
Houston IP Law Association president calls on trademark community for support following Hurricane Harvey (Blog)
The president of the Houston Intellectual Property Law Association has spoken to World Trademark Review about the ongoing recovery efforts in the wake of the devastation caused by Hurricane Harvey. Noting that countless members of the IP community have been severely affected by the storm, she has urged law firms and organisations to offer space or resources if they can.
USPTO pledges additional support following Hurricane Harvey; questions raised over speed of response (Blog)
The US Patent and Trademark Office has vowed to offer extra guidance and support for users affected by the catastrophic effects of Hurricane Harvey, which has devastated areas of Texas and Louisiana over the past 10 days. The move follows criticism by some in the trademark community, with one practitioner suggesting the response was slow in comparison to the office's swift reaction following Hurricane Sandy in October 2012.
American typo: how Trump’s COVFEFE Twitter error inspired dozens of trademarks and product launches (Blog)
When US president Donald Trump mistakenly posted the typo ‘covfefe’ on Twitter in May, it quickly went viral and led to over 50 trademark filings across the globe. In the months since, a number of those applications have reached registration, with one applicant telling World Trademark Review that he is confident a brand name featuring the seven-letter misspelling will be a catalyst for business success.
Lawyer suggests trademark law be used “as a weapon against neo-Nazis” following misuse of Detroit Red Wings brand in Charlottesville (Blog)
A leading litigator at Florida firm Johnson Pope has spoken out about how trademark law can be used “as a weapon” against the misuse of brands by hate groups. This follows global media coverage of white supremacists using the branding of the Detroit Red Wings during recent protests in Charlottesville, with the hockey club forced to issue a statement to clarify that it was not associated with the protesters.
Mystery over fake TMview site owned by Gleissner; source suggests tycoon may seek license fee from EUIPO (Blog)
A website owned by a company related to notorious trademark filer Michael Gleissner has been found imitating the EU Intellectual Property Office’s search platform TMview. The site has been described as a “phishing page” by one attorney, but an insider source tells World Trademark Review it is more likely that the entertainment tycoon is looking to sell or license the domain to the EUIPO.
New anti-counterfeiting tech firm insists it could “kill the fake markets instantly”; critic says claim “ignores the reality on the ground” (Blog)
A new anti-counterfeiting technology company, which uses QR codes to allow consumers to identify authentic products, has been making bold claims since it launched in June. A representative for the company tells World Trademark Review that it has the potential to “kill the fake markets instantly” by offering free access to its technology. However, one commentator has decried IP service companies which promise an ‘end to counterfeits’.
New anti-counterfeiting coalition aims "to lead” in lobbying Trump administration to step up fight against fakes (Blog)
The Precious Metals Association of North America has announced the formation of a national coalition to “protect IP rights against foreign counterfeiting operations”. A representative tells World Trademark Review that the organisation has already begun discussions with influential members of Congress and the Trump administration to strengthen federal efforts to tackle foreign counterfeit operations.
Groundbreaking study suggests extraterritorial application of US trademark law “burdens” rights holders (Blog)
A first-of-its-kind empirical study into the territorial scope of US trademark law has concluded that much of the conventional wisdom regarding extraterritorial rights “is questionable, if not incorrect”, with its author declaring that “the current over-extension of the Lanham Act must be curbed”. Crucially, the research provides insights that could aid US brand owners in future enforcement endeavours.
Counterfeit buyers increasingly using Chinese agents that promote sending fakes through “sensitive shipping lines” (Blog)
Evidence suggests that purchasers of counterfeit goods are increasingly using buying agents in China to send their products to them internationally. Worryingly, some of these agents are proactively promoting their ability to get replica products through customs with one promising that they will be sent via “sensitive shipping lines”.
Food brands in India abandoning registered rights to avoid “trademark tax”; expert decries short-sighted reaction (Blog)
Reports have emerged of a number of food traders in India giving up their registered trademarks to avoid a newly implemented 5% goods and services tax. One senior IP expert confirmed to World Trademark Review that this new tax affects both domestic and international companies, but accused companies giving up trademark registrations as taking a “myopic outlook” as the benefits of a trademark far outweigh a 5% tax outlay.
Biggest marketplace on the darknet taken down by authorities; illicit goods and counterfeits still rampant (Blog)
The most popular destination to trade illegal goods on the darknet, AlphaBay, has gone offline following law enforcement action by authorities in the United States, Canada and Thailand. For rights holders that have been tackling illicit goods on the darknet, this could be viewed as a blessing but as the shutdown of the Silk Road marketplace demonstrated, users will soon flock to other markets. Exclusive research by World Trademark Review confirms that there are still thousands of counterfeit goods on sale on other darknet sites.
‘Michaeled’ bags, ‘Okly’ sunglasses; how counterfeiters are using "brand codewords" to get around marketplace filters (Blog)
Sellers of counterfeits and imitation products on various online marketplaces are adopting brand-based keywords to avoid being caught by search filters implemented to identify and remove listings for fake goods. While the use of keywords is an extra hurdle that brand owners must overcome when enforcing against counterfeits, it also demonstrates the extra effort that sellers must now go to due to additional rights protection mechanisms being implemented by e-commerce platforms.
Groundbreaking study suggests trademark count, rather than patent count, is a better predictor of innovation (Blog)
A new study has benchmarked the most common innovation proxies and concluded that the size of a company’s trademark portfolio is a more consistent indicator of innovation than patent count or R&D expenditure. The result adds to the evidence that trademarks hold value beyond simple exclusivity and recognition, with one academic telling World Trademark Review that it may indicate that these rights “are actually undervalued”.
A number of platforms have attempted to enable the sale of registered trademarks, but so far none have succeeded in making it a mainstream practice. However, according to the CEO of the largest trademark marketplace in the world, that could be set to change as practitioners at large companies “wake up” to the potentially lucrative opportunities of selling unused marks.
Exclusive survey finds OAPI agents broadly optimistic but concerns raised over frequent errors, slow examinations and soaring trade in fakes (Blog)
An independent survey conducted by World Trademark Review has assessed the sentiment of agents accredited by the African Intellectual Property Organisation (OAPI) and feedback was decidedly mixed. While agents were broadly positive about a number of aspects of the office’s operations, there were a number of concerns voiced about the speed of examinations, frequent errors made on official documentation and a lack of English-speaking staff with OAPI also urged to help tackle the escalating counterfeiting problem in the region.
More brands should convey political values and take a stand on divisive issues, research suggests (Blog)
A new research paper by an academic at the University of North Carolina School of Law has proposed that rights holders conceptualise trademarks “as a frontier for social entrepreneurship”. The research finds that in an environment of increasing political and media distrust, brands could fill that void and provide consumers with “authenticity and enduring values”, but must also weigh up the risks of taking certain divisive positions.
New data has revealed that technology giant LG was the most prolific filer of trademark applications at the US Patent and Trademark Office in 2016, with entertainment conglomerates CBS, Time Warner and Disney just behind. Meanwhile, Apple which had the most trademarks of any major tech company a few years ago filed less than 70 marks last year, leading one industry commentator to ask: “Hey Apple, why aren’t you filing trademark applications?”
Numerous ‘offensive’ trademark applications filed following Tam ruling; applicants reveal commercial hopes and exploitation fears (Blog)
It is a week ago today that the Supreme Court handed down its long-awaited ruling in Matal v Tam, holding that the disparagement clause of the Lanham Act violates the US Constitution. On the day of the ruling, there were at least 11 trademark applications filed that could be deemed disparaging or offensive. We reached out to the applicants of these filings to find out why they have chosen now to make their applications, and how they expect last Monday’s decision to affect them.
The search to prove that trademark dilution exists; new study casts “serious doubt” on validity of current evidence (Blog)
Trademark dilution is an often-used legal concept by rights holders of well-known brands, and has been at the centre of a number of well-publicised court battles. Nonetheless, it is also an elusive concept and a new study which sought to shine further light on the phenomenon has concluded that there are “serious doubts” on the validity of all current evidence of its existence.
“Simple and correct” or “tremendous damage to minorities”? Opinion split on Matal v Tam decision (Blog)
The long-awaited Supreme Court decision in Matal v Tam was handed down yesterday and immediately caused heated debate. Following our coverage of the decision, we approached a number of trademark experts to obtain their analysis of the wider implications and what it practically means.
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The First Demo Day of SBC-Pride FinTech Cairo: 10 Prominent Startups Showcase their Excellence
Startupbootcamp-Pride Fintech Cairo is the first ever multi-partner backed FinTech accelerator program in Egypt. On 22nd May, SBC-Pride has held their first Demo Day, which gave the opportunity to attract investment, to 10 graduating startups. The startups showcased their ideas and business models in front of investors, entrepreneurship ecosystem stakeholders and industry experts.
The Demo Day took place on the back of a three month long intensive acceleration program, over 180 one-to-one matchmaking sessions, validation, awareness, engineering, pitching and growth hacking modules. All these resulted in 14 proof-of-concept engagements.
The 10 selected FinTech startups took the center stage to pitch their ideas and business model with one goal in mind; to raise funds for developing their business. It is hoped that these startups will contribute significantly to the Egyptian GDP and the country’s economic prosperity.
Prior to the event, the Managing Director of SBC-Pride FinTech Cairo, Ahmed Elsherif said: “With the Government of Egypt’s commitment to financial inclusion and the recent focuson digital finance, FinTech is emerging as one of the key verticals in the country’s entrepreneurship ecosystem.”
The SBC-Pride FinTech Cairo platform helps startups with industry expertise, access to a network of experts and mentors, and exposure, in association with the global accelerator network Startupbootcamp, and Pride Capital, the first ever FinTech focused venture capital fund in Egypt.
Pride Capital’s Co-founder and CEO, Rami El Dokany said: “We are proud to be showcasing the progress of our accelerated startups. We’ve got someinnovative ideas and concepts among our 10 startups, from cloud-based retail management, peer- to – peer saving tools to micropayment mobile wallets and automated syndicate services.”
Here’s the list of the startups who pitched on the Demo Day:
- ElGameya: Peer-to-peer Savings Tool
- El Zatona: Cloud Based Retail Management System
- Clix: Peer-to-peer Money Transfer
- Compareha: Online Marketplace for Financial Products
- Neqabty: Platform for Automated Syndicate Services
- Fawaterak: Billing and Online Payment Service
- Netsahem: Fundraising Platform for Charities
- XPay: Platform and Mobile Application for Smart, Cashless Communities
- Seventail: Open-source SaaS for Local Merchants
- Youspital: Digital Healthcare Services Platform
The partners of the program were key industry giants like the International Finance Corporation (IFC), AlexBank, Pharos Holding, Visa, German Agency for International Cooperation and Sustainable Development (GIZ), Ayady, Export Development Bank of Egypt (EBE) and Sanad’s Entrepreneurship Academy.


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Russia's economy already lost $860 million this year because the government keeps shutting down the internet
The economic cost of blocking websites reflects lost work productivity, investments, and opportunity, a research firm says.
Neiman Marcus is notifying nearly 5 million customers about a data breach that exposed names and payment card numbers
A company spokesperson says there is no evidence that any customer information is being sold on the dark web.
Infamous hacker group claims to be selling data from over 70 million AT&T customers, according to a privacy group
Well-known on the dark web, the hacker group is trying to sell data from over 70 million AT&T customers for $1 million. AT&T disputes the claim.
The US State Department knows it's 'pushing the envelope' as it offers up to $10 million rewards for crypto-hacking intel, according to new interview
The agency opened a Dark Web channel to pull in tips about cyberhacking schemes targeting the US.
A SpaceX engineer who called himself 'MillionaireMike' has pleaded guilty to insider-trading charges. The SEC also accused him of selling 'insider tips' in exchange for bitcoin.
James Roland Jones, aka "MillionaireMike", whom the DOJ said was a SpaceX engineer, did not realize he was talking to an undercover FBI agent.
Dark web vendors are selling shady coronavirus 'vaccines' for $300, and there's been an uptick in listings since the FDA authorized Pfizer's shot
Researchers at Check Point did not verify whether the dark-web vaccines were fake, but details in ads suggested the items were not genuine.
A cybersecurity firm found a hacker selling personal data on 186 million US voters. It warned the data 'can easily be used for geo-targeted disinformation campaigns.'
Cybersecurity company Trustwave said the hacker, known as "GreenMoon2019," pieced together public information with stolen data.
FBI Director Chris Wray said the bust came at a critical time as the pandemic has come with a spike in opioid overdoses.
Cybergang behind Lady Gaga data dump leaks hacked law firm's emails and contracts mentioning President Trump, says it is posting 'most harmless information' first
The ransomware criminals demanded a $42 million ransom from Lady Gag's law firm and had threatened to leak Trump's "dirty laundry" next.
Researchers found and bought more than 500,000 Zoom passwords on the dark web for less than a cent each
Cyble said it was able to purchase roughly 530,000 accounts for $0.0020 each, obtaining email addresses, passwords, meeting URLs, and host keys.
Dark-web researchers stumbled across a forum where criminals were trying to hack Zoom with a database of 2,300 usernames and passwords
Researchers from the cybersecurity firm IntSights say they discovered hackers working on a database containing 2,300 apparent Zoom log-in credentials.
The dark web turns 20 this month. From black market hotspots to facilitating the Arab Spring, here's how it changed the world.
The dark web — used by outlaws, dissidents, and hackers to share information without scrutiny — will turn 20 years old this month.
Federal prosecutors just shut down the 'largest child porn marketplace' on the dark web containing more than 200,000 videos
Federal prosecutors have shut down the "largest dark web child porn marketplace" that hosted over 200,000 videos and $730,000 in transactions.
Elephant ivory, plans for a military combat drone, and stolen ISIS art are just some of the things you can buy on the dark web
The dark web has sprawled into an illegal marketplace for user data, illegally trafficked animal products, military secrets, stolen art, and much more.
New research shows that stolen account details for streaming services like Netflix, Hulu, and HBO Go are being sold on "dark web" marketplaces. Stolen information is available for an average one-time price of $8.81, while some sellers also offered bundles for several services at higher prices.
The founder of Silk Road is dictating tweets from the prison where he's serving life — and he's convinced 55,000 people to sign his petition for clemency
His family have set up the twitter account @RealRossU, which relays messages Ulbricht dictates from prison. The account has sttracted over 18,000 followers and helped get over 55,000 signatures for a petition asking for clemency for Ulbricht.
These terrifying ads selling violent services don't show the true secret of the 'dark web' — that criminals behave a lot like regular companies
BI PRIME: Take a peek at some actual ads for services on the dark web. What you can't see is that these cyber criminals behave among one another in much the same way legit businesses behave to legit customers.
The Cambridge Analytica data probably isn't on the dark web — but more dangerous personal information might be
Security experts said there is a larger privacy problem than the Cambridge Analytica scandal.
The 25-year-old from Newport, South Wales, admitted supplying dark web customers with Class-A drugs. Police released the full text of his sales pitch.
The FBI just took down AlphaBay, an online black market for drugs that was 10 times bigger than Silk Road
"Critics will say as we shutter one site, another will emerge," authorities said after the takedown of AlphaBay, the biggest black market on the dark net.


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Hundreds of shopping malls across the U.S. have been forced to shut down following years of debilitating declines in consumer traffic.
In many cases, the shuttered malls are left to decay for years before developers or local governments raise the funds to bulldoze or renovate the space.
Pseudonymous photographer Seph Lawless traveled the country for years to find these forgotten malls and document their decay from the inside.
The photos he captured are haunting and apocalyptic, featuring dead trees and abandoned shopping carts against landscapes of broken glass and crumbling walls.
He compiled the photographs in a new book, “Black Friday: The Collapse of the American Shopping Mall,” and shared some of them with Business Insider.
Lawless said he started taking photos of shopping malls in 2012 for a project focusing on some of the most 'abandoned and forgotten cities in America.'
He was taking photos of abandoned houses, factories and hospitals, when he decided to focus on dead shopping malls.
Most of his photographs were taken in the Rust Belt, including Michigan, Indiana, Ohio and Pennsylvania.
It was nearly impossible for him to legally gain access to closed shopping malls due to liability factors, he said.
Lawless has been arrested in the past for trespassing and recently had a warrant was issued for his arrest, he said.
'I turned myself in with my lawyer present last week,' he said. 'We plan on fighting those charges later this month.'
'I want people to see what is happening to their country,' he said. 'I think most people care and love their country but most are sheltered from reality.'
'I hope people see my images and see the beginning of the end of the greatest economic machine that the world has ever seen -- America,' he said.
Many of the malls that have closed in recent years are in lower-income neighborhoods that were hit hard by the recession.
The first signs of trouble for a shopping mall often comes with the closure of traffic-driving anchors like Sears and JCPenney, which have been shutting down stores for years.
Slowly, over time, entire wings are closed down and stores are consolidated into a few sections of the mall.
Eventually, some non-retail businesses -- and in some cases churches -- may move into the vacated stores.
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‘eBay goes AMP, sign it might break out past news?’ – Search Engine Land
Barry Schwartz says, “eBay announced they are now serving over eight million pages using AMP, Google’s accelerated mobile project initiative. This is the first major non-news site that has deployed AMP widely in a production setting.
eBay said deployed it for many product and category-based pages for mobile only. They even gave example URLs of the pages that support it, including this one and this one.
eBay said you can add the amp/ parameter to any browser URL when you are on the mobile site and you should see the AMP version. Here are examples of the URL:
Not AMP: http://m.ebay.com/sch/16GB-iPhone-5s-Smartphones/9355/bn_341667/i.html
In late February, AMP went live in the top news stories box on mobile pages. In fact, the only way to show in the top news carousel on mobile is to have AMP available pages. Since then, AMP has expanded into the iOS app, recipes and the Google News apps”.
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GeForce NOW is taking cloud gaming to new heights. This GFN Thursday delivers an upgraded streaming experience as part of an update that is now available to all members. It includes new resolution upscaling options to make members’ gaming experiences sharper, plus the ability to customize streaming settings in session. The GeForce NOW app is Read article >
The post Let Me Upgrade You: GeForce NOW Adds Resolution Upscaling and More This GFN Thursday appeared first on The Official NVIDIA Blog.
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BMW has said that future mobility will definitely depend on state-of-the-art diesels as well as electrification after launching diesel scrappage scheme.
In a statement that fights against the current demonisation of diesel in the media, BMW says that it has launched more electrified vehicles than any of its established competitors, but electrification is not the only sustainable drive solution: cutting-edge Euro 6 diesels reduce emissions and CO2 output.
The BMW Group says modern, efficient diesel engines ensure lower CO2 emissions and therefore make an important contribution to protecting the environment. In addition, when it comes to many unwanted emissions, diesels are just as clean or even cleaner than petrol engines. This can certainly be said of particulate, hydrocarbon and carbon monoxide emissions, meaning that three of the four major diesel pollutant issues have been resolved and no longer have any adverse effect on air quality. This is why the BMW Group is calling for objective discussions based on facts and scientific evidence.
The BMW Group is preparing an EU-wide fleet-renewal campaign. Initially until 31 December 2017, owners of diesel vehicles that meet Euro 4 standards or less will be granted an environment bonus of up to €2,000 (amount dependent on model bought) when they trade in their vehicle and purchase a new BMW or MINI. Their chosen replacement must be either a BMW i3, a plug-in hybrid or a Euro 6-standard vehicle with CO2 emissions of up to 130 grammes per kilometre (in the NEDC). This campaign will begin before the end of August. The bonus is in addition to any other government incentives.
Averaged across the fleet, BMW says that its diesel vehicles emit 40% less NOX than the German average, as reported by the Germany Federal Environment agency in April 2017. These figures are true for both Euro 5 and Euro 6 vehicles. In addition, experience gained through actual on-road driving between 2010 and 2015 means the BMW Group can offer an additional optimisation of the exhaust-treatment system for 225,000 of the Euro 5 models currently on the road in Germany – at no extra cost to the customer.
With regard to the current diesel debate, BMW AG Management Board Chairman Harald Krüger says: “For almost two years now, diesel technology – which is cutting-edge, highly efficient and popular with customers – has been deliberately and publicly discredited. This has caused tremendous uncertainty among millions of drivers and it’s not going to get us anywhere. The German automotive industry will remain strong in innovation: we will provide tomorrow’s mobility solutions.”
The BMW Group has repeatedly made clear that its exhaust treatment technologies are very different from others available in the market and the company continues to seek true competition in this area. The company categorically rejects allegations made by some media of non-compliant technology employed in diesel exhaust-treatment systems. “Investigations by authorities at home and abroad confirm that vehicles by the BMW Group are not rigged for testing purposes” Krüger explained.
In addition to the ongoing optimisation of the internal combustion engine, the BMW Group is forging ahead with the roll-out of electric mobility. Moving forward, flexible vehicle architectures and manufacturing facilities will allow the BMW Group to decide at short notice which models and volumes to produce with what type of drive: highly efficient combustion-powered, plug-in hybrid or fully electric.
In 2017, the BMW Group expects sales of its electrified vehicles to exceed 100,000 for the first time in a single year, with the all-electric BMW i3, BMW i8, BMW iPerformance plug-in hybrids and the plug-in hybrid MINI Countryman all contributing to the figures. The company’s electrified range currently comprises nine electrified vehicles and will be further complemented in 2018 by the all-new BMW i8 Roadster. Shortly after that, battery-only solutions will be rolled out across the BMW Group’s core brands, with Plant Oxford starting production of the battery-powered MINI in 2019, and the battery-only BMW X3 following in 2020. The following year, 2021, will see the launch of the BMW Group’s new technology spearhead: the all-electric BMW iNEXT.
(Select a car and click the link for that car to view data including NOx emissions and particle emissions)


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At Liberty West, a diverse group of brands make its way to Downtown Los Angeles for Liberty Fairs‘ first-ever West Coast trade show, with a notably strong showing from denim. A check-in with labels at the show demonstrate how progressive brands are working to bring consumers newness, evolving silhouettes, new washes and a singular attention to detail.
Hiroshi Kato cuts and sews imported Japanese fabric in Los Angeles, according to Nick Takayuki Noguchi, who serves as the designer for the men’s selvedge denim brand.
The premium label’s most popular fit is its slim-straight silhouette, which continues to resonate due to its easy-wearing, mid-rise cut with reasonably roomy legs while a slim-taper silhouette featuring a slightly higher rise and coming in at the ankle has seen growing interest too, he added.
While Hiroshi Kato specializes in raw selvedge denim, washed jeans with four-way stretch are now generating substantial sales as the industry emerges from the pandemic, Noguchi said. The Spring/Summer 2022 line will feature lighter washes and more “bleach-out” details, keying into an appetite for vintage styling and worn-in fits. A roomier straight-leg style will also appear next spring in response to consumer demand for heritage styling, he said.
Blair Kershaw launched his first line of unisex apparel, Harri Penny (named for his hometown of Harrison, Pa.), during the darkest days of the pandemic, when he was looking for a productive hobby. “I bought a sewing machine last June and learned to sew,” the former DJ told Rivet. “This line is the product of that.”
Entitled “Face the World,” the designer’s Spring 2022 line consists of workwear-inspired ready-to-wear styles constructed mostly from denim. Because denim is a universal staple in any wardrobe, the designer sought to create comfortable, practical silhouettes to give wearers the confidence to take on life post-pandemic.
But Harri Penny’s designs are anything but basic, rife with patterns and color-blocking, along with unexpected design details. A floral-printed denim zip-up pullover is complemented by matching double-fronted pants. Most trouser styles feature patches in complementary hues, while the L.A-sourced fabrics vary in weight and texture. Despite the yearning for comfort and familiarity, Kershaw believes now is the moment for a line like his.
“I feel like people coming out of Covid are trying to find their style again, because they’ve been stuck in the house so long,” he said.
The brainchild of Pakistan-based vertical denim manufacturer Artistic Milliners, Rising Sun’s line of men’s and women’s denim is cut and sewn at its Santa Ana, Calif. facility. The brand also launders its denim at Star Fades International, Artistic Milliners’ Commerce, Calif. water-saving laundry, which was acquired in January.
According to operations lead Allan Burdine, the brand was built on a foundation of timeless heritage styling. Workwear staples like canvas jackets, blacksmith jeans and straight-leg silhouettes made from selvedge denim are some of the line’s most popular looks though Rising Sun has expanded to more contemporary stretch fabrications and contemporary cuts in recent seasons, he said. Sold by retailers like Nordstrom and Stitch Fix along with the brand’s own e-commerce site, Made in California label also features a line of jeans made from upcycled cutting room scraps, which are re-spun into new, usable fibers.
While women’s styles are skewing wider in the leg, men are still gravitating toward slimmer silhouettes that can take them from work to weekend, according to Burdine. Across the Midwest, Rising Sun’s boot-cut styles have been popular, however, and the brand has launched new silhouettes to service the growing demand.
Serge Bueno did not have denim in mind when he first launched his vintage motorbike workshop, Heroes Motors, on L.A.’s La Brea Ave. But he was enamored of the classic vehicles, and ultimately sought to build a full lifestyle brand to complement their aesthetic.
The Heroes Motors denim label, which launched in 2020 under the purview of Joie, Current Elliot, NYDJ and Equipment owner Sunrise Brands, puts a new spin on old-school styling. “Welcome back to selvedge, welcome back to a vintage look—it’s all about the visual interest,” said Heroes Motors’ design director Johann Jarmoune. The line’s denim is awash with distressing, paint splatters, shiny waxing, patchwork and other rugged and eye-catching design flourishes. Complemented by a range of denim jackets, vests, T-shirts and pullovers replete with vintage patches, embroidery and screen prints, the line is an Americana-lover’s dream come true.
The brand imports the denim for its premium line of $190-$720 styles from mills in Turkey and Italy, president Stephen Budd added, noting that the pieces are cut, sewn and laundered in L.A. A diffusion line of jeans made from stretch fabrications is produced in Hong Kong and sold for under $200. The slim straight, and the skinny are the two best-selling men’s styles, according to Budd. However, he believes that while male consumers are interested in trying out new washes, they aren’t yet ready to deviate from their favorite silhouettes.
Heroes Motors is sold at a Malibu flagship, in addition to a New York City store, and through its e-commerce site.
Move over, skinny jeans. Carrot-shaped tapered silhouettes and balloon-like wide-leg trousers have entered the chat.
That’s according to Edwin USA, the denim line exclusively produced at sustainable L.A. denim manufacturer Saitex USA. The label acts as a testing ground for the manufacturer’s newest production innovations, like fabrics crafted at its newly-opened Vietnam mill, brand spokesperson Rachel Eiban told Rivet. Edwin USA also plays with inventive, cutting-edge styling inspired by heritage denim as well as contemporary trends.
While consumers are heading back to retail and looking for new, eye-catching styles to pique their interest, comfort is a priority that stands to persist beyond the pandemic, Eiban said. For that reason, Edwin USA is skipping skinnies and rolling out roomier styles that make the transition away from sweats and athleisure a little less intimidating. While the brand’s women’s styles mostly feature wide legs, the hero carrot-shaped silhouette is characterized by a high waist and tapering at the ankle for a flattering, feminine aesthetic.
When it comes to men’s, however, slim and tapered styles in stretch and selvedge fabrications still reign supreme, Eiban said, giving both consumers versatility and practicality.
Australia-born women’s lifestyle brand Thrills evinced a laid-back, beachy vibe familiar to California consumers. According to sales representative Erin Benjamins, oversized, baggy, “dad-fit” jeans stand to become the pinnacle of cool on both sides of the globe.
“High-waisted, loose-hip, baggy leg and full-length” are the qualities that define the line’s range of denim, which mostly comes in lighter washes. While spring-ready frocks, tops and athleisure dominate the womenswear line, denim is the company’s “top category,” and one that’s been growing consistently season after season, Benjamins said.
Trends toward vintage styling have aligned with a desire for baggy fits after a year spent in leggings and sweats, she added. “’90s grunge is something we’re really looking at right now,” characterized by oversized fits for jeans, denim jackets and T-shirts, Benjamins said. Sold at Free People, American Rag and Fred Segal, along with its own e-commerce site, Thrills said its new line retails for $80-$150.


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Shakespeare once wrote, “He that dies pays all debts.” Let us add that those who perish collect upon them too.
On March 24, 2010, the New York boutique store of men’s fashion designer John Varvatos was scheduled to host a conversation with Jim Marshall, a legendary photographer whose work included some iconic moments from rock music history, such as The Beatles back stage at their last-ever tour date in 1966, Jimi Hendrix setting his guitar on fire at the 1967 Monterey Pop Festival and Johnny Cash giving the middle finger at San Quentin prison.
Marshall never made it that night, passing away at the age of 74.
Varvatos decided to go ahead with the event anyway, paying tribute to his “friendship” and saying that “Jim Marshall’s pictures are never going to fade away.”
Flash forward to a week ago, when Marshall’s estate filed a copyright infringement lawsuit against Varvatos for displaying and distributing reproductions of the photographer’s work at retail stores throughout the U.S.
Varvatos was right about Marshall — the images captured by the photographer are likely to endure. Marshall was the chief photographer at Woodstock and given special access to musicians such as the Rolling Stones, Bob Dylan, The Who, Miles Davis and Ray Charles. Rock stars trusted him and gave him enough material for five books.
Unfortunately for Varvatos, as well as co-defendant Bloomingdale’s, Marshall may rest in peace but his surviving rights-holders don’t.
According to a lawsuit filed in California federal court last week, Varvatos purchased copies of Marshall’s proofs and, without consent, made copies to display at his SoHo store. When Marshall learned of this, he allegedly spoke to Varvatos and told him he had no such right. “That having been clearly communicated, Marshall did Varvatos a favor and allowed him to keep the reproductions on the wall in the one store and the one store only,” says the complaint.
But after Marshall’s death, Varvatos allegedly took reproductions and displayed them at stores throughout the U.S.
Marshall’s estate is now suing for willful copyright infringement, seeking statutory damages up to $150,000 for each allegedly infringed image. The complaint lists 20 copyrighted photos, so conceivably, damages could rise as high as $3 million.
Varvatos is a noted designer who likes to incorporate the spirit of music into his own work. In recent years, he’s announced fashion collections in conjunction with such artists as ZZ Top, Dave Matthews and The Roots. His company didn’t immediately respond to requests for comment.
Here’s a video of Varvatos speaking about Marshall on the night of the death when Marshall was scheduled to attend an event at his store:
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Tim Hortons is hoping that Canadians will enjoy pulling the tab as much as they enjoy rolling up the rim to win.
The restaurant chain announced Monday it is launching a new summer contest called Chill to Win. Customers can play by buying any size Iced Capp.
It’s not as simple as rolling up the rim to win – customers will only get a PIN code by peeling the tab on the side of the cup.
Then they have to log onto www.chilltowin.com to enter the PIN to see if they are eligible for any of the prizes, including hourly prizes and a daily draw of $1,000, or one of 10 grand prize draws for a $10,000 MasterCard prepaid card.
The Roll Up contest has been around for 26 years.
“It’s become synonymous with the signs of spring for some Canadians,” said Dave McKay, VP Beverages, Tim Hortons.
“We get a lot of love for the success of Roll Up. This concept has been designed to bring excitement to cold beverages, especially Iced Capp.”
Tim Hortons is set to announce first quarter 2013 earnings on Wednesday. The annual meeting of shareholders is scheduled for Thursday.


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What you need to know
- A new report says Samsung will be the sole supplier of LTPO OLED displays for the iPhone 13 Pro and Pro Max.
- That means that the 2 'Pro' models of iPhone 13 will come with 120Hz technology.
- "All iPhones" will reportedly get the technology in 2022.
A new report from the Korean outlet TheElec says Samsung will be the sole supplier of LTPO OLED displays for the iPhone 13 Pro and Pro Max in 2021.
According to the report:
As noted, that means that the 'Pro' variant of the iPhone 13 will indeed get 120Hz displays, whilst the regular iPhone 13 will not. According to the report, LG will join the fray in 2022, and Apple plans to use LTPO OLED displays for "all its iPhone models" next year.
LTPO technology is currently used in Apple Watch to enable its 'always-on' display and variable refresh rate, a vital update to the iPhone which could enable not only 120Hz but the same 'always-on' technology without compromising on the iPhone's battery life.
The report notes that LG "had requested" to help supply LTPO for iPhone 13, which Apple had accepted. However, TheElec now indicates LG won't supply LTPO OLED this year and is instead aiming to increase its capacity in 2021 with a view to supplying LTPO displays next year instead. The report further notes that LTPO production takes about two weeks longer compared to conventional OLED displays and that it would be beneficial if Apple could reduce its reliance on Samsung for the tech in the future.
TheElec also reports that all iPhone 13 models will get on-cell OLED panels, currently only used in the iPhone 12 mini and iPhone 12 Pro Max.
Apple is expected to debut the iPhone 13 in September with a lineup that closely resembles the 'four phones in three sizes' model just like the iPhone 12.
Master your iPhone in minutes
iMore offers spot-on advice and guidance from our team of experts, with decades of Apple device experience to lean on. Learn more with iMore!
Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9


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Apple apologises for black teen thrown out of an Apple shop in Melbourne “because they might steal something”
Apple CEO, Tim Cook Calls Racial Profiling Against Blacks In Apple Store ‘Unacceptable’
A group of six black teenagers aged 15 and 16 were asked to leave the store when a member of staff expressed concerns than they might steal something. The manager of the said Apple Store in Australia on Thursday apologized for this racial incident.
The youths allege that due to the color of their skin they were asked to leave from the store in Melbourne’s Highpoint Shopping Centre. The teens were born in Sudan, Somalia, Nigeria, Eritrea and Egypt and now had emigrated to Australia as children.
The incident led to one of the teens, Francis Ose to post a video of Tuesday’s incident on his Facebook page, captioning it: “Simply Racism” wherein the technology giant faced accusations of racism in a backlash. The video quickly went viral and led to an outcry on social media.
In the video, a member of the store staff states that the store security staff were “concerned about your presence in our store, worried that you might steal something.”
One of the teens asks “Why would we steal something?”
The staffer replies when one of the teens protests “End of discussion. I need to ask you to leave our store.”
“I’ve been coming to Highpoint for a long time and I never thought something like this would happen … of course I was offended,” Mabior Ater told Fairfax Media yesterday.
Mabior says it is not the first time he has experienced racism but “this is the first time it has been this big.”
He says he was overwhelmed by the flood of support he and his school friends have received on social media since the video went viral.
“A lot of people shared it (the video) and they were very angry that this was still happening in 2015,” he said.
Nick Scott, principal of the Maribyrnong College where the six teens are studying spoke with the students about the incident, said that they did nothing to prompt the ejection. ??”What those boys were doing in that Apple store was no different to what every other kid does in that Apple store, which is fawning over really cool devices, playing with them, taking photos of each other,” Scott said. “Just kids being kids and certainly being no different to quite a few other kids at the time.”
“??The teens believe they were targeted solely because of the color of their skin, Scott said.??”I’m inclined to agree there was an implicit kind of racist response that just generalised an expectation of how they would behave,” he said.
In a statement issued Thursday, the Cupertino, California-based company said: “We’ve looked into the details of the situation and we apologise to the customers involved.
??”Inclusion and diversity are among Apple’s core values. We believe in equality for everyone, regardless of race, age, gender, gender identity, ethnicity, religion or sexual orientation. That applies throughout our company, around the world with no exceptions. We’ve looked into the details of the situation and we apologise to the customers involved. We will continue to do everything in our power to ensure all our customers are treated the way they should be.”
The Apple store in question also apologised to the boys. ??One of the boys involved, Mohamed Semra, later said on Facebook that they were satisfied with the response from Apple. “They apologised, so we’re chilling, no need to take it further,” he wrote.
According to The Age, at about 3.30pm, a senior manager from the store met with the teenagers and apologised. “She apologised to us and told us that we are welcome here anytime,” Mabior said. “It feels like we have justice now,” he added.
CEO Tim Cook while issuing an annual report on gender and ethnicity in its workforce said that diversity is crucial to Apple’s future. The recent data that was published back in August, showed small increases in minority hiring, with black employees increasing from 7% to 8% and Asian staff up from 15% to 18%. Cook said he is proud of the progress the company has made but “we know there is a lot more work to be done.”