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The advertising technology space is getting red hot.
PubMatic announced this week that it raised $45 million from investors -- August Capital led the way -- for its platform that allows large publishers to manage and monitor display ad inventory and optimize pricing with the hope of getting more revenue.
AllThingsD's Peter Kafka first reported the news. Other investors included Draper Fisher Jurvetson, Nexus Venture Partners, Helion Ventures and Silicon Valley Bank.
Advertising, of course, is big business, which is why Googlepicked up rival AdMeld last year. That leaves two more independent outfits: AppNexus, based in New York, and the Rubicon Project, based in Los Angeles. The former counts eBay and Microsoft among its customers and the latter does the same with News International and Forbes, among others.
All of the indie firms are funded to the hilt, so the question is an easy one: which exit to take, public offering or private sale?
In recent years publishers -- including the parent company of ZDNet, CBS Interactive -- have shown a penchant for looking inward for solutions. But many other publishers don't have that kind of weight to swing around, and need an ad network to serve as a one-stop shop for purchasing ads on major media websites.
For online publishers, advertising means technology.
Large publishers are looking more like ad networks. Publisher-side brokers are moving from being yield optimizers to becoming exchanges in their own right. And ad networks -- at least those of the 400 or so likely to survive -- are focused on targeting and brand safety. Ad exchanges are moving from basic bid-matching to real-time allocation. Agencies are making perhaps the boldest move, aggregating impressions and data for clients -- and themselves. Data exchanges are separating data-about-impressions from the impressions themselves and bringing a new, valuable currency into play.
Like any other enterprise management platform, the desire is efficiency and higher revenues through the optimization of transactional data, thanks to algorithms, datacenters and volumes of data.
Given the tremendous growth here, a lot of money is at stake. How will the cards fall?


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Reva scouts for partners in US, Europe
Bangalore-based Reva Electric Car Company today said it is scouting for partners in the US and Europe for setting manufacturing bases.autos Updated: Nov 24, 2009 22:29 IST
Bangalore-based Reva Electric Car Company today said it is scouting for partners in the US and Europe for setting manufacturing bases.
“We are exploring to set up contract manufacturing facilities in the overseas market, specially in the Europe and US,” Reva Electric Car Company Deputy Chairman and Chief Technology Officer Chetan Maini told reporters here on the sidelines of Environmentally Friendly Vehicle Conference here.
He said the company is “having negotiations with some local parties but so far nothing has been finalised.”
Maini also said the company aims to increase sales to 30,000 units in three years from less than a 1,000 units per year at present.
“The sales will be around fifty-fifty from domestic market and exports,” he added.
In order to meet targets, the company is expanding its production capacity. It will commission a new plant in Bangalore by the mid of 2010 and increase the production capacity to 30,000 units in three years.
The current facility at Bangalore has an annual production capacity of 6,000 units per annum.
“We have invested around Rs 30 crore for the first phase of the new plant and we will continue to invest more for step by step expansion of the plant once it becomes operational,” Maini said.

domain: news


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BEIJING -- In a sign of growing enthusiasm for the free Linux software among governments world-wide, a delegation of Chinese leaders plans to announce next week at the LinuxWorld trade show that China will push Linux as "the mainstream operating system" for server computers.
Yu Cisheng, deputy director of the Beijing Science & Technology Commission, who will lead the delegation, says China has concluded that "Linux is the most important chance for China to improve its software industry."
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text: NEW YORK ( TheStreet) -- Blockbuster ( BLOAQ.PK) is reportedly putting itself up for sale. The Wall Street Journal said Thursday the flailing movie retail chain is preparing to put itself on the block after creditors disagreed on giving it more money to help it exit bankruptcy protection. Blockbuster is now seeking buyers rather than reorganization and could ask the judge to approve bidding procedures as soon as next week, the Journal said citing sources familiar with the matter. Creditors such as Carl Icahn and a consortium led by Monarch Alternative Capital, could be potential bidders, according to the report, which estimated Blockbuster could garner bids as high as $300 million. --Written by Jeanine Poggi in New York. >To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: email@example.com.


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Consolidated total income of the company, however, rose to Rs 757.59 crore for the quarter under consideration against Rs 740.81 crore for the same period a year ago.
The company also said it and Sun Pharma were awaiting Competition Commission of India (CCI) decision on "certain submissions" over their merger deal.
The collaboration will focus on oncology, central nervous system, women's health, cardiovascular, ophthalmology and other speciality products.
The drugmaker will own 75 per cent stake in the plant being set up in partnership with its local distributor, will invest about Rs 2.25 billion over 3 years.
The combined entity, in which Shasun shareholders will own 26 per cent, will have 12 manufacturing plants and a pipeline of over 100 products, said the statement.
He will join the board in January, become deputy chairman on April 1 and chairman with effect from Sept 1, 2015 - or earlier if released from other commitments.
The litigation concerns about the Ranbaxy's participation in Texas Medicaid, the US federal-state healthcare program for the poor.
"We will now renew our focus on the drug supply chain and on storage of medicines", said Drug Controller General of India GN Singh.
The country's patent law enables domestic firms to produce generic drugs poor people can afford, which undermines the interests of US pharmaceutical companies.
Ron Somers says the US pharmaceutical sector comprises multiple camps with some employing "counterproductive" tactics while others are pursuing pro-India strategies.


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Banner Health plans partnership, overhaul of food
Merger with University of Arizona Health Network in the works.
Published in Healthcare Spotlight
Phoenix-based Banner Health has a lot going on, and Joshua Fels is right in the middle of it.
Fels, the recently appointed director of culinary and nutrition services at Banner Good Samaritan Medical Center, says the hospital system has two plans in the works to help more people eat healthier and be healthier.
First, is a planned merger with the University of Arizona Health Network, followed closely by an overhaul of the system’s patient and retail menus.
“We’re in the midst of closing a deal that will partner us with the University of Arizona Health Network,” says Fels, who moved to Good Samaritan late last year from Banner Del E. Webb Medical Center in Sun City West, Ariz. “We will become an academic medical center, as we move away from being just a hospital company and more towards being a population health management organization.”
The melding of the two health systems, Fels says, could take Banner from a health organization with 300,000 subscribers to one with more than 2 million. “It will become really important for us to keep people healthy, rather than wait until they are actually admitted as patients,” Fels says. “That tends to be the most expensive way to treat someone.”
Updated Hospital Menus, Retail
Besides merging the health systems, Banner’s 28 hospitals will revamp their menus, a process Fels estimates could take 18 months or more.
“We’re in the process of beefing up our back-of-the-house database with a lot more recipes that meet our healthy definition,” he explains. That includes entrees that contain less than 500 calories, 30 percent or less total fat, 10 percent of less saturated fat and less than 600 milligrams of sodium. Once the recipes are updated, all of Banner’s hospitals will feature the same patient menus.
On the retail side, Fels says they’ve begun working with their vendor partner to “switch out some items for healthier options.”
“In our cafes and bistros, we’ll take it station by station, and change out each one independently to match probably an 80-20 mix of healthier options to comfort foods,” Fels says.
Fels’ department is also working with Banner’s internal design and marketing team to create signage that will be used to promote healthier items. “We’re also discussing having a beefed up database for online searchability,” he adds. “We would use identifying markers so people could preview the items that would be appropriate for their nutritional needs.”
The planned changes could have a wide impact on the retail side alone.
At Good Samaritan, Banner’s 733-bed flagship hospital, the Banner Bistro and Miss Lulu’s Café combine for $4 million annual revenue, even though the average check is just under $4.
“We push a lot of people through those facilities,” says Fels, about the retail foodservice, which generates $23 million in annual sales, systemwide.
Since each of the facilities is independent in character and design, Fels says coming up with unified structural changes is unlikely without significant capital.
“Whatever we can do to make our stations as similar as possible, we will do,” Fels says. “If we are going to promote health and wellness, we have to provide health and wellness.”


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Music streaming giant Spotify ended the second quarter of 2022 with 188 million premium, or paying, subscribers, up from 182 million as of the end of the first quarter, exceeding expectations.
The company said the result came in “above our guidance, aided by promotional intake and household plans.”
Spotify also said on Wednesday that it hit better-than-expected 433 million monthly active users (MAUs) as of the end of June, up from 422 million as of the end of March. “Net additions of 19 million represented our largest ever second-quarter growth,” the firm said.
The company, led by CEO Daniel Ek, had previously forecast it would end the quarter through June with 187 million paying subscribers, assuming “additional 600,000 disconnects from full closure of Russian operations in April,” and 428 million monthly active users, reflecting “a loss from the closure of Russian operations.” The guidance marked a switch to providing single estimates for key metrics instead of the forecast ranges that it had previously shared with investors and Wall Street analysts.
Second-quarter advertising revenue at the Stockholm-based company grew 31 percent. Its podcast business also continued to expand. At the end of June, Spotify had 4.4 million podcasts on the platform, up from 4.0 million at the end of March.


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Rolls-Royce Motor Cars recorded the best quarterly sales in its 116-year history between January 1 to March 31, 2021, with 1,380 vehicles sold
It seems like the economic downturn did not bother the luxury automobile manufacturer Rolls-Royce car buyers, since the British carmaker has achieved an all-time sales record in the first quarter of the year. According to the official numbers shared by Rolls-Royce, they managed to sell 1,380 vehicles from January 1 to March 31, 2021.
This means that the luxury marque recorded a YoY growth in sales of 62 per cent. Rolls-Royce witnessed an increase in demand across all markets, with the highest growth recorded in the United States, China and the Asia-Pacific region. “Rolls-Royce Motor Cars made a strong start to 2021, reflected today in our first quarter sales figures, which are the highest in our 116-year history”, said CEO Torsten Müller-Ötvös.
“With robust order books across our product range, particularly for the new Ghost and Cullinan, sales growing in key markets and Bespoke commissions running at record levels, our business is in excellent shape. We have every reason to be optimistic for the remainder of 2021.”
Rolls-Royce revealed that the demand for the Cullinan SUV was strong in the said period, while the Ghost also managed to perform pretty well. Bespoke models like the ‘Koa Phantom’ and ‘Iridescent Opulence Phantom’ were also delivered this year. Moreover, all 20 units of the Phantom Tempus Collection cars have been allocated to customers worldwide.
The CEO believes that the company’s customary boldness, imagination and inventiveness, underpinned by meticulous planning and a relentless focus on their customers’ needs and requirements has helped the brand achieve this feat.
As of now, Rolls-Royce has a total of 135 dealerships in over 50 countries around the globe. In the Indian market, The Cullinan is currently priced from Rs 6.95 crore, while the Ghost is priced from Rs 6.95 crore to Rs 7.95 crore, without options of course.
Powering the Cullinan is a 6.75-litre V12 twin-turbocharged petrol engine that produces 563 horsepower and 850 Nm of torque. This is the same engine that is also offered with the Ghost. Apart from these two, Rolls-Royce also offers some other cars in India including Wraith, Dawn as well as the Phantom.


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LG is ready to come back strong to the market and the prove are the latest devices release that seek to conquer the users with amazing quality and performance quality.
Yesterday the Korean brand decided to share the plans for the LG Pad 8.3 distribution. This device seeks to rival in the market with the Nexus 7. The news are quite cheering at least for the 30 countries that will receive this device. The distribution starts in October in North America and Europe and weeks later in Latin America and Asia.
For now there isn’t an exact specification of which countries will receive the device since LG it’s specially focus in the new Smartphone LG G2.
The bad news is that there isn’t yet a price announced for the G Pad 8.3. However is expected a quite aggressive price to cope with the market.


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A manicure inspired by the Japanese manga, Miso, is making its way to the United States this month.
A limited run of the manicure will be sold exclusively at Miso Japan and will be available at participating retailers on February 16, with retail prices starting at $129.99.
The manicure comes in a variety of different designs, including a simple red-and-white print that’s meant to be worn on the arms, legs and feet.
In Japan, MISO is known for its bold colors and playful stylings, and this latest manicure may be a way to bring out the Japanese artist’s creativity.
“Miso is a manga that is considered one of the best manga in the world, and Miso’s characters are always depicted as being very strong and very brave, which is a pretty unique combination for a Japanese artist,” said Miso artist Masashi Okazaki.
“The colors that Miso uses are so colorful and so vibrant that they are quite unique, so the designs of this manicure make it a lot more colorful and more interesting for the audience to watch.”
Miso’s creator is known to dabble in Japanese, too.
“The story in Miso is about the struggle between two girls, and they meet each other through their own hardships,” Okazaki said.
“I really like the idea of creating a manicure to match the feeling of these two girls and their struggle.”
The Japanese artist has created over 150 pieces for Miso and his latest project is not only inspired by that manga, but it also looks great on the wrist.
Okazaki said he hopes to sell the full set of Miso designs and will offer them for sale through MisoJapan, the company’s official store in Japan.
(For those interested in buying Miso but aren’t sure where to start, there are also online stores in the United Kingdom, China, and Australia.)


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NEW ORLEANS--In addition to showing off itsthis year here at CTIA, ZTE also displayed its AT&T Avail. The device is a prepaid GoPhone that retails for $129.99.
Equipped with a 3.5-inch TFT touch-screen display, the Avail has a 600MHz processor and includes 512MB of RAM.
It's a 3G phone that's powered by a 1,500mAh battery, and has a reported talk time of 5 hours. It also has a microSD slot that takes cards of up to 32GB.
On the back, the device has a 5-megapixel camera that's capable of shooting video and has a digital zoom of up to 2.5X.
When I got a chance to handle the handset, I liked the matte plastic material that the Avail was made out of. The specs fit just around the entry-level to midlevel range, so don't expect a lot of bells and whistles.
Though some will think the price doesn't match the specs, others who like going the prepaid route may consider the Avail.
Catch all the latest news from CTIA 2012.


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How to Build the World’s Most Disappointing 2.3-Second Car
The Dodge Demon is fast, flamboyant and extremely impractical
Had the highly anticipated Dodge Demon popped up on Tinder a month ago, I would have swiped right.
But in the time since, the Demon has essentially talked a big game without ever committing to actually meet up.
Today the monster is finally here, officially revealed at the New York International Auto Show. And it can’t quite perform up to the standards I was expecting.
After the biggest hype campaign imaginable, it’s been confirmed that the 2018 Dodge Challenger SRT Demon will pack only 840 ponies and 770 lb-ft of torque, enough for a 0-60 time of just 2.3 seconds, the fastest ever for an American production vehicle. I know what you’re thinking: “Only 840 horsepower?” True, that is impressive. But it doesn’t come close to the four-figure number the rumor mill was spinning … and that I was hoping for.
All the Transbrake talk makes sense, though. The first-ever factory production car with a Transbrake means you can lock the transmission output shaft and hold the car in place before a standing start. This means a zippier power delivery and 15 percent more torque at launch, and also explains all that smoke in the buzz videos. It’s not courtesy of a clutch dump; it couldn’t be: the Demon is an automatic, another rumor we hoped wouldn’t be true. Bummer.
Look, it’s not a bad car. But it is a car meant to hit the drag strip. And that’s simply not a car that many American drivers need.
This article was featured in the InsideHook newsletter. Sign up now.
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Ping Wu has resided in Towson for pretty much 2 full decades, but didn’t start her brand new restaurant, Red Pepper Sichuan Bistro, an area on Allegheny Avenue until mid-2019. Then when New that is chinese year around in belated January this season, she had been excited in order to commemorate because of the community.
Wu stated customers arrived in most weekend — Chinese brand New 12 months dropped on Jan. 25, a Saturday — and would want one another a pleased Chinese brand new 12 months.
“I relish it,” Wu stated. “They celebrated with us.”
Red Pepper’s notoriety is coming from the authenticity; the meals is prepared typically plus the menu will not give attention to Americanized favorites, like orange chicken, but meals that are rather authentic by mind cook ZeXin Zheng, that is from Chengdu, the administrative centre of Sichuan. Wu said she’s glad to be communing because of the social those who reside and work with the Towson area.
Red Pepper, in reality, happens to be organized as a model by some that are wanting to strengthen connections between your Asian and Asian-American communities in Towson while the wider downtown area via free galleries, restaurants as well as other social experiences.
Dave Riley, co-chair associated with Towson Creative Partnership, is assisting to lead an attempt to commemorate Lunar brand New in Towson with food tours and art shows year. This present year may be the very first time Riley while the partnership have actually attempted to arrange something all over Lunar brand New 12 months (different Asian nations celebrate Lunar brand brand brand New 12 months on various times), an attempt which he stated will stay. Read more


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US, Australian, South American Wineries Already Occupy Mid-Market In China
With the wine market in China evolving — as more middle-class drinkers uncork modestly priced imports while demand for top-tier Bordeaux cools — French winemakers are following their New World counterparts in looking to occupy the Chinese mid-market.
As Georges Haushalter, the president of Bordeaux Wine Council, said this past weekend in Hong Kong, the moves are aimed at consolidating even more market share in China — where French wines currently account for around 60 percent of all imports.
As Haushalter told Xinhua, rising demand at auction in Hong Kong for top-tier Bordeaux, which pushed prices exponentially higher from 2009-2011, showed a marked shift this year as collectors and enthusiasts alike have diversified.
Said Haushalter, “People start to realize there are not only five, but 10,000 chateaux in Bordeaux. This [has] diversified their choices.” From Xinhua:
“What we want to do is to help the Chinese customers learn about wines, so that they can discover new chateaux and diversify their tastes,” Haushalter said, adding the main strategy for Bordeaux in the future will be focusing on the mid-range wines in the mainland market.
In addition, some mainlanders’ passion for Bordeaux wines has broadened from buying bottled wines to the chateaux, Haushalter said.
There were only two chateaux owned by the Chinese in Bordeaux three years ago, while now there are 30, with 25 transactions having taken place over the past two years, he said.
“I have met some of the Chinese owners, and they are really passionate about Bordeaux wines. They are also wise businessmen, because they see the potential of wine market, and take good care of their chateaux to provide more diversified products to the Chinese market,” he said.
Interestingly enough, it may be these now Chinese-owned Bordeaux wineries that have the best chance of succeeding in the middle market in mainland China. Leveraging both the prestige of the Bordeaux name and the local business savvy of their new owners (yet absent established and well-known labels in China), wineries like Chateau Laulan Ducos — acquired last year by Richard Shen, owner of jewelry chain TESiRO — have made plans to send virtually all of their production back to China to tackle the middle market.
For Shen’s part, following the acquisition he quickly made Laulan Ducos wine available at all of TESiRO’s 400 jewelry stores throughout China, shortly thereafter securing actress Zhang Ziyi as the “face” of his wines in China. Chinese celebrities, too, have jumped on the Bordeaux bandwagon, purchasing chateaux with the intention of plying their wares back home. Last December, actress Zhao Wei purchased a seven hectare St. Emilion chateau and functional winery for an estimated 4-5 million euros. While Chinese wine drinkers might not be familiar with names like Laulan Ducos or St. Emilion, they’re very familiar with the faces promoting them. And though this type of celebrity-driven promotion might be sniffed at by top-tier Bordeaux wineries, it might prove highly successful for those in the mid-market.


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Masks and Filters with the Effect of Augmented Reality have Appeared in the Viber Application
OREANDA-NEWS. The long-awaited option of using augmented reality (AR) has appeared in the Viber messenger popular among Russians, Lenta.ru reports. Users will now be able to overlay their photos and videos with masks created using the technology used in the Snapchat application.
Rakuten Viber notes that such masks react to changes in human facial expressions, so the user can easily change facial expressions, conduct various experiments, and the mask will repeat his changes.
So far, dozens of AR masks with different effects are available in Viber. Among them are images of animals, beauty filters and augmented reality filters. In addition, masks with elements of national costumes were produced especially for the Russian segment. Hundreds of new filters are expected to be added to the list by the end of 2021.
To use AR filters and masks, you must click on the camera icon on the bottom panel in the open chat window. After that, users will be able to create a photo, video or gif with augmented reality effect.
“The advent of augmented reality masks was a logical step for us. This is a kind of example of the evolution of communication: first, Internet users communicated using emoticons, then stickers, emoji and the ability to create gifs appeared, and now - AR masks, ”Anna Migal, senior director of business development at Rakuten Viber in the CIS, commented on the innovation.
It is noted that partners of the messenger and various brands will be able to create their own masks. Globally, this has already been done by the WWF, the World Health Organization and FC Barcelona. This option will also become available to Russian companies.


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From next September 19 to 22, the 2012 MYS will again bring together the captains of industry, the savvy owners and their representatives and the highest-net-worth clientele over four days of intensive meetings and viewings with 500 of the world’s leading superyacht companies on the stands.
The finest shipyards, the top yacht designers, the main broker agencies and the best superyacht equipment suppliers will all be in Port Hercules to exhibit their most innovative products and luxury services or their future projects of superyachts.
Organisers of the Monaco Yacht Show heralded this year’s edition of the event to be yet another busy year with new initiatives to spark new deals. Gaëlle Tallarida, Managing Director of the event, commented:
“We are truly aware the MYS has become an event that many yacht companies can’t afford to miss out. Our role is to offer the best working and exhibiting conditions to all participants, so that they only have to focus on their main goal when attending the event: making business. It’s a one-year organisation to deliver such a worldwide event; we have set up collaborations with top-quality service suppliers to fulfill the demanding expectations of the exhibitors and visitors. They must feel at the right place with the right people to develop their business”.
So in coordination with the MYS organisers, the brokers and shipyards will unveil their most recent and spectacular superyachts, clearly aiming at presenting their best offering to convince new buyers.
As the clients are less pressured to buy, and feel they have more time to compare to get the right yacht at the right price, it’s definitely the time to buy.
“Wealthy people are still there, and there is still a very good market for those who want to have a boat quickly. Smart clients with experience know that even with a custom build they have to wait three or four years, so this is a good moment to bite. Just like in a real estate market, if you have cash, you should be buying now. Because it’s likely that in two or three years you’re not going to see these prices anymore”
(source: quote by Fabio Ermetto, Sales and Marketing Director at Heesen Yachts, extracted from the article “Prices will fall but charter won’t tumble” published in the 2012 MYS Summer magazine).
The yacht of your dreams will surely dock in port Hercules next September: 100 superyachts and megayachts, from 25 to 90 meters in length (with an average size of 46 m LOA) and around 40 new builds unveiled in world premiere.
THE PLACE TO MEET
The show organisers will present a completely new 650m² reception complex in the heart of the yacht show area, where you can hold all your meetings or invite your best customer to dine in the official restaurant, in a luxurious setting set aside for yacht show partners.
The Upper Deck Lounge, located in the air-conditioned tent of the Parvis Piscine (where the old restaurant-lounge area used to be), has been designed by interior decorators Sabrina Monte-Carlo in collaboration with Italian designer Paola Lenti, the French crystal manufacturer Baccarat and the art gallery Opera Gallery. It includes several reception areas reserved exclusively for executives of exhibiting companies, where they can talk with their customers in a comfortable, confidential setting.
Newly official sponsor of the 2012 MYS, the German car manufacturer BMW will present the new BMW 7 Series Luxury Saloon, which combines stylish design, luxury and comfort with top-class efficiency.
Back to the show as official sponsor for the fourth consecutive year, the Swiss watchmaker Ulysse Nardin will showcase its finest collections of luxury watches on its exhibiting area inside the Upper Deck Lounge.en:es:de:fr:it:ru:cn/en/bannerCI2_en.png


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Samsung BioEpis has succeeded in nullifying the patent for cancer treatment Herceptin (Ingredient: trastuzumab) in Korea.
|Samsung Bioepis's cancer treatment Samfenet|
According to industry sources, the Intellectual Property Trial and Appeal Board (KIPO) ruled in favor of Samsung BioEpis’ claims for patent invalidation and passive rights filed against the patent for Herceptin’s main composition, on Thursday.
The patent is the last remaining patent in Korea registered for Herceptin as existing patents have expired or have been invalidated by Celltrion.
The Ministry of Drug and Food Safety approved the domestic sales of Samfenet on Nov. 8, 2017, and Daewoong Pharmaceutical launched it in March 2018.
Herceptin is one of the most purchased biomedicine with an estimated 7.8 trillion won ($6.9 billion) in sales. It has applications for early and metastatic breast cancer and metastatic gastric cancer.
With the nullification, the company’s Herceptin biosimilar Samfenet will be able to enter the domestic market without the burden of patent infringement.
Despite its launch last year, sales for the drug have been sluggish. According to IQVIA, the market research firm, the total sales of Samfenet only reached 5.5 million won in the local market last year.
Daewoong Pharmaceutical could not be reached for immediate comment regarding whether the patent nullification will have an impact on the sales of Samfenet.
<© Korea Biomedical Review, All rights reserved.>


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Console versions will come later in the year.
Last year it was announced that the N64/PS1 horror action title, Shadow Man, would be getting a remaster. The game was something of a cult classic and fans have been waiting patiently for news on when they could revisit the unique title. Now we know when those on the PC can get their hands on it.
The unaltered original release of the game has been available via GOG and Steam for quite sometime. Developer Nightdive Studios today announced that the remaster would be coming first to PC next month. That includes three different storefronts: Steam, GOG and the Epic Games Store….


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NetApp 2Q: Channel Is Still The Growth Engine8:15 PM EST Wed. Nov. 14, 2012
NetApp on Wednesday reported growth in revenue and income for its fiscal second quarter 2013 that was pretty much in line with expectations, and it said that its sales through indirect channels are continuing to grow as a percentage of total revenue.
NetApp also said it acquired CacheIQ, the small developer of RapidCache NAS acceleration appliances that use a combination of DRAM and SSDs to cache data for important applications.
Nick Noviello, CFO and executive vice president of finance at NetApp, told CRN that his company overall had a good quarter.
"On the financial side, we continued to do what we said we will do," Noviello said. "There had been some doubts, but we did what we said."
That includes hitting roughly the midpoint of the company's expected revenue and gross margins but being above guidance on operation margins and earnings per share, he said.
For its fiscal second quarter 2013, which ended Oct. 26, NetApp reported revenue of $1.54 billion, up about 2 percent from the $1.51 billion the company reported for the second quarter of 2012.
GAAP income for the second quarter was $110 million, or 30 cents per share, down 36 percent from the $166 million, or 44 cents per share, NetApp reported during the second quarter of 2012. Non-GAAP net income was $189 million, or 51 cents per share, down 23 percent from last year's non-GAAP net income of $236 million, or 63 cents per share.
Tom Georgens, NetApp president and CEO, said his company's branded revenue during the quarter rose 4 percent over last year, while OEM revenue fell 9 percent.
NetApp also saw a 20 percent year-over-year rise in deals worth at least $1 million, and its largest customer now has over 1 exabyte in capacity using the company's storage arrays, Georgens said.
"In what has become a challenging economic environment, NetApp has had a very strong quarter," he said.
The channel continues to do well for NetApp, Noviello said. About 82 percent of NetApp's overall revenue came from channel partners, with about 34 percent of total revenue coming from its two distributors, Arrow and Avnet, which Noviello called an all-time high.
"NetApp is a partner-friendly company," he said. "Certainly, we're partner-friendly in our FlexPod and ExpressPod business and in our work direct with channel partners."
NEXT: FlexPod, Flash Storage, And Acquisition Strategies
This month marks the second anniversary of NetApp's unveiling of its FlexPod reference architecture with partner Cisco, NetApp's Noviello said.
The two partners currently have over 1,500 FlexPod customers, or about four times the number of customers a year ago. There are about 670 channel partners worldwide working with FlexPod, he said.
"It's a very interesting innovation story," he said. "And an interesting channel story."
However, Noviello said he was unable to talk about how many partners and customers have signed up for the ExpressPod reference architecture, which is a version of the FlexPod for SMB customers, as it was introduced only last month.
During the question-and-answer period of the fiscal second quarter 2013 conference call, NetApp's Georgens brushed aside questions about the company's flash storage technology strategy compared to competitors such as EMC and a multitude of startups.
Georgens noted that flash memory-based storage technology is already available for every NetApp Filer, and that his company is committed to making flash available everywhere customers require it.
"I do believe that flash will exist at every level of the (storage) hierarchy," he said. "But ... the real challenge is how to manage that over the enterprise."
Georgens also asked what EMC has that NetApp does not have in terms of flash storage technology. "There will be more flash substantiations going on," he said. "And you can expect us to be there."
When asked about NetApp's acquisition strategy, Georgens said to expect more small technology "tuck-ins" such as CacheIQ, and for them to happen at a faster pace. "And as we get bigger, you will see us do it more often," he said.
As for larger acquisitions, those are more opportunistic in nature, Georgens said. "They could happen or they could not happen," he said. "I wouldn't put any frequency number on that, or read into anything if we don't make an acquisition."
Looking forward, NetApp is expecting revenue for its fiscal third quarter 2013 to be in the range of $1.575 billion to $1.675 billion, or slightly up from the $1.6 billion it reported during its third fiscal quarter of 2012.
The company is also guiding third-quarter GAAP earnings per share from 29 cents to 24 cents, down from last year's 32 cents. Non-GAAP earnings per share are expected to be between 53 cents and 58 cents.
Investors were happy with NetApp. The company's share prices rose about 3 percent to $27.1221 per share during the trading day, and then jumped about 10 percent to $29.83 per share after a couple hours of after-hours trading.
PUBLISHED NOV. 14, 2012


text:
Flash storage is rising above hard-drive technology to deliver new levels of speed and density, a change that could help enterprise applications achieve the performance they need both in the cloud and on companies' own infrastructure.
Key to the transformation is NVMe (Non-Volatile Memory Express), the high-performance interconnect that's gradually being adopted for connections among components and systems for storage and computing. It can move data much faster than traditional protocols like SATA and SCSI, which the SSDs (solid-state drives) in most flash arrays still use. NVMe should allow for bigger and more dense flash modules.
Pure Storage is tapping into this potential with a faster flash array that is adding to its product lineup this year. The FlashArray//X, which will be compatible with the current FlashArray//M and be sold alongside it, uses NVMe and drops SSDs (solid-state drives) for modules populated with pure flash media.
Soon, those modules will start to get much bigger than any SSD on the market now, including an 18.3TB part coming this year. Making this feasible required moving beyond older interconnects, which were designed for systems based on much slower spinning disks and introduce a lot of overhead, Pure says. With the new, larger flash modules, those protocols would create a bottleneck.
Dropping SSDs will also allow Pure to introduce a new, more efficient software architecture for the FlashArray//X, said Matt Kixmoeller, Pure's vice president, products. The software that handles tasks like wear-leveling and bad-block management on the new array's modules runs not in each SSD, as with traditional systems, but in the Pure DirectFlash software at a layer above the flash modules. That means all the media in the FlashArray//X is managed as a whole, through a software-defined architecture.
A new generation of "cloud-era" applications, which may run either in a cloud or on a enterprise's own systems, demand higher performance than those of the past, Kixmoeller said. Pure says the FlashArray//X will bring the new protocol into the mainstream, affordable for more uses at more types of companies. It should cost about 30 percent to 50 percent more than the FlashArray//M.
NVMe is emerging across the storage world as a response to growing application demands, but it will take three to four years for it to be adopted or even become necessary in many enterprises, IDC analyst Eric Burgener said.
For most companies with all-flash arrays, the legacy hard-drive protocols are fast enough for the current level of use, he said. An IDC survey found that 46 percent of all-flash array users are only running five to nine applications on them. Eventually, most of their applications will move to these arrays, but only after IT departments get more comfortable with what is still a new type of platform, Burgener said.
On the high end, vendors like E8 Storage and Apeiron Data Systems are building platforms that use NVMe both in their arrays and out to the servers that use the data, Burgener said. Only a few of these systems are in use, deployed for things like financial trading and real-time analysis of social media for marketing, he said.
Pure isn't taking that step with the FlashArray//X, instead just increasing performance within the array. But it plans to add the capability next year.
Pure's product rollout consists of the FlashArray//X 70 array, the DirectFlash modules that will slot into the platform instead of SSDs, and the DirectFlash software that manages the media. The products are in beta testing now, will become available to select customers in the current quarter, and will be generally on sale in the quarter beginning in July, Pure says.
The company isn't completely new to NVMe. Its current FlashArray//M model uses NVMe for cache, and the recently introduced FlashBlade system for unstructured data also uses NVMe.
Users will be able to add the DirectFlash modules to FlashArray//M systems they already have. This continues Pure's efforts to make forklift upgrades unnecessary. But the higher performance of the new-generation components can't be directed at specific applications if it's trapped in an older system. That might be useful for some users once they need a special performance boost for specific applications, IDC's Burgener said, but that would require flash-to-flash tiering software that hasn't been developed because it's not really needed yet.
Instead, adding the NVMe parts to a FlashArray//M will simply increase the overall performance of the system, Kixmoeller said. For the ultimate boost, they will need to buy the FlashArray//X.


text:
Author: Site Editor Publish Time: 2023-01-24 Origin: Site
Xiecheng Machinery to Showcase Latest Innovations at RUPLASTICA Exhibition in Russia
Xiecheng Machinery, a leading manufacturer of plastic auxiliary equipment, has announced its participation in the upcoming RUPLASTICA exhibition in Russia. The exhibition will take place on January 24-27, 2023, and Xiecheng Machinery's booth number is 22D28.
The RUPLASTICA exhibition is one of the most important events in the plastic industry in Russia, attracting thousands of visitors from around the world. Xiecheng Machinery is excited to showcase its latest innovations in plastic auxiliary equipment, including drying and dehumidifying systems, plastic crushers & granulators, industrial water chiller & mold temperature controllers, hopper loader & mixer.
"We are thrilled to participate in RUPLASTICA and present our latest innovations to the Russian and global markets," said Mrs. Zhao, the Sales Manager at Xiecheng Machinery. "Our equipment is designed to provide efficient and cost-effective solutions to help our customers improve their production processes and reduce costs."
Xiecheng Machinery's products are known for their high quality, reliability, and energy efficiency. The company has a strong commitment to innovation and continuous improvement, and its products are widely used in various industries, including automotive, electronics, and packaging.
"We look forward to meeting with our customers and industry peers at RUPLASTICA and discussing how our equipment can help them achieve their production goals," said Mrs. Zhao. "We believe that our participation in this exhibition will be a great opportunity to strengthen our presence in the Russian market and expand our global footprint."
Xiecheng Machinery invites all attendees to visit their booth at RUPLASTICA exhibition, where they can learn more about the company's products and services and speak with Xiecheng Machinery's representatives.
Welcome to visit xiecheng booth: 22D28
Find out more on the show website: RUPLASTICA 2023


text:
Like the poor, it seems low interest rates and consumer debt bubbles are always with us.
So it’s hard not to feel a little sorry for Stuart Patrick, chief executive of Glasgow Chamber of Commerce, who caused a minor stushie over his complaint that the poor, in the shape of beggars, were putting people off visiting shops in Glasgow city centre. Well, the figures don’t appear to support Patrick’s argument, but he identified an issue many are concerned about — and offered a solution.
One wishes the Old Lady of Threadneedle Street could be as forthright about its current stance on household borrowing, an issue that indirectly has worrying implications for Scotland’s economy.
A decade of ultra-low interest rates has fuelled a worrying dependence on cheap borrowing. Against the backdrop of rising inflation — due to the fall in sterling and stagnant wage growth — Mark Carney, the Bank of England (BoE) governor, has often muttered hawkish concerns that consumers are increasingly vulnerable to falling behind, or defaulting on, their credit cards and personal loans.
Lending to households is certainly booming. Unsecured borrowing stands at £201bn, its highest level since the pre-crisis boom years, and up by about 10% in the past 12 months.
But while the sharp rise in consumer credit is firmly on the Old Lady’s radar, Carney and most members of the BoE’s monetary policy committee (MPC) want someone else to do the heavy lifting to address the problem. Last week’s six-to-two vote by the MPC to leave borrowing costs at 0.25% wasn’t a close-run thing. Indeed, in yet another volte-face, Carney last week dismissed risks posed by the rise in unsecured borrowing in the same breath as he downwardly revised GDP, wage growth and productivity — forecasts that, incidentally, still look optimistic.
Which is odd because earlier this year the Old Lady’s financial policy committee (FPC) slapped a demand for £11.4bn of extra reserves on big lenders in what was a clear — and likely forlorn — tightening measure.
The FPC, set up by George Osborne in 2011, is essentially the Old Lady’s raised eyebrow made flesh. But its actions are also monetary policy by the backdoor. Carney is banking on the FPC’s counter-cyclical buffer taking enough steam out of the credit boom to enable the MPC to hold interest rates at their current level, and not imperil current sluggish growth.
Yet, along with low interest rates, the bubble the FPC is trying to prick is also being inflated by the bank’s term funding scheme (TFS). The MPC did at least call time on TFS, through which the BoE throws cheap finance to banks to provide credit to customers, from next February, but not before it announced an additional £15bn for the scheme, bringing the total to £115bn.
Is this seemingly contradictory policy — one foot on the accelerator the other on the brake — a bad thing? A near-term rate rise would certainly contain the growing consumer credit bubble. It would push sterling higher, which would reduce inflation — which Carney reiterated will hit 3% this year. Moreover, a hike would merely reverse last August’s emergency post-Brexit referendum rate cut.
This issue is particularly pertinent to Scotland. We have much slower economic growth than most parts of the UK, but on average we have less unsecured debt.
However, the current level is rapidly rising here. A recent Bank of Scotland report revealed more than one in five Scots has no savings. It found 21% of us have failed to put any money away — up from 18% a year earlier — while almost 40% of Scots have savings of less than £2,500. The EY Item Club warned recently Scotland’s household savings ratio has plunged to a record low.
The problem, of course, is that consumption-led growth is the main driver of expansion at the moment, in Scotland and the rest of the UK.
Scottish government figures revealed last week that retail is one of the few areas posting growth on a par with the wider UK. Sales grew by 1.4% in the second quarter of 2017, only slightly below the 1.6% across the wider UK.
A rate rise to curb the growing consumer credit bubble would act as a further brake on Scotland’s sputtering growth and, bearing in mind the higher level of taxes Scots now pay, would have a greater impact here than on the wider UK. It would heap more pressure on Scottish households, raising the costs of mortgages and unsecured loans at a time when wage growth is in reverse and few have a personal buffer in savings.
The economist John McLaren summed up the issue as it relates to Scotland: “If the UK were suffering the same poor growth as Scotland over the past two years, the economic discussion would be very different,” he told me. “However, the Bank of England is able to avoid this difficult issue at present because the Scottish government doesn’t want to admit the Scottish economy has a problem, so exerts no pressure on the BoE to act.”
Like the poor, spinning politicians will always be with us, too.


text:
The Commodore PC is Back
March 7, 2007 3:57 AM
CommoreGaming.com displays an ominous countdown ticker
Commodore re-enters the market as a purpose built gaming PC
The Commodore is ready to make a splash back into the computer world with a new gaming computer that will be shown later this month during CeBIT in Germany. Specifics of the computer remain scarce, but Commodore CEO Bala Keilman promises that the new Commodore PC is going to bring the Commodore brand back into the gaming industry.
"25 years ago, Commodore launched the best selling personal computer of the late 20th century, the C64, and defined the early computer games experience for millions of people worldwide," Keilman
said in a statement
. On the Commodore Gaming website,
only a graphical teaser is posted
for what will come.
The Commodore gaming PCs will be shown on March 15th, and will be live demo machines which will be playable. "We are privileged and excited to bring the commodore brand back to the gaming community and mark a new chapter in its history with this exceptional machine. We're sure that it will deliver what gamers need and want," said Keilman.
It appears that the PCs will be available for the European market on release, but the company did not rule out a launch in North America and Asia. Commodore expects to make more more announcements soon.
The problem with a Commodore comeback is that the gaming market today is nothing like the one that the C64 entered 25 years ago -- Alienware and VoodooPC are two of the top tier companies already producing gaming PCs. Also, the Microsoft Xbox360, Sony PlayStation 3 and Nintendo Wii are all strong competitors of PC gaming, with
41% of U.S. households reportedly now having video game consoles
"We’re Apple. We don’t wear suits. We don’t even own suits." -- Apple CEO Steve Jobs
Report: Video Game Consoles in 41% of U.S. Homes
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text:
BMW, the luxury brand that is in the process of becoming the first automobile manufacturer in the world to have voice-read e-mail messages inside its vehicles, has been singled out not for distracted driving but for praise by the U.S. Secretary of Transportation for saying it is against texting and driving?
The latest BMW electronic feature – or distraction in the view of safety advocates – will be introduced starting this fall in Europe and North America on all BMW models equipped with its navigation system. BMW claims the iDrive operating system provides “simple, safe and intuitive control of all functions, while causing minimum distraction from the road.”
Say it ain’t so Secretary Ray LaHood, who up to now has been using his bully pulpit against the deadly distracted driving epidemic, which is responsible for almost 6,000 deaths each year and more than 500,000 injuries, according to the National Highway Traffic Safety Administration that he directs.
Owners of a BlackBerry smart phone will be able to access the phone’s e-mail function via the BMW iDrive operating system. A new Bluetooth interface will integrate the BlackBerry into the vehicle. It allows e-mails to be received and displayed on the “Control Display,” and even read aloud by means of an optional voice output feature.
It is just the latest example of the ongoing integration of entertainment, communication and online functions in vehicles as the number of deaths and injuries from distracted driving increases. Automakers show little interest in stopping the sale of profitable vehicle electronics.
Particularly lethal is the widespread use of cell phones. The issue is not the type of phone a driver uses, rather it is the distraction caused by the conversation. In spite of auto industry assertions to the contrary, the fact is that hands-free devices do not make cell phones any safer. Several studies indicate that the principle risk is the cognitive distraction of anything that diverts attention while driving.
The new BMW e-mail access feature ties in directly with the BMW ConnectedDrive office functions introduced at the beginning of last year. These allow not just call and contact lists, but also calendar entries, text messages, tasks and memos to be transferred from compatible smart phones to the vehicle via Bluetooth interface.
The entries can be selected using the Controller of the iDrive operating system and shown on the Control Display. Even a picture file with a contact address on a mobile phone can be shown on the vehicle monitor.
On his web site LaHood says that “in December, I met with BMW of North America CEO Jim O’Donnell, who shared my concern about the alarming number of deaths and injuries caused every year by distracted driving.”
Now comes a stunning conclusion from the Illinois Republican:
“And I’m pleased to say that today, BMW is joining our fight with a new national anti-distracted driving campaign called, ‘Don’t Text and Drive: When the engine starts, the texting stops.’ Soon, people across America will see BMW’s powerful new television ad, as well as print and online advertisements reminding drivers that no call or text is worth the risk.” LaHood said.
It’s sometimes hard to become more cynical about the tawdry cast of characters who reside at great taxpayer expense along the Potomac River. LaHood’s fawning over this ad campaign makes it much easier in my view. Is it a coincidence that LaHood is from Illinois, the home of the 1919 Black Soxs?


text:
As we learned back in March, Prada didn't have a great 2014. Net sales for last year dipped 1 percent, while profits were down 28 percent. Now, the first set of results for 2015 are in, and, at least profit-wise, things aren't looking much better.
For the three months ended April 30, the company's profits fell 44 percent due largely to "the continuing difficult market conditions in the Asia Pacific area, especially in Hong Kong and Macau," according to CEO Patrizio Bertelli. Chinese tourists still aren't showing up and shopping luxury brands the way they used to. It's a problem that isn't unique to Prada, as Kering recently reported that poor performance in the Asia-Pacific region contributed to Gucci's 8 percent sales decline in the first quarter. That said, Asia does comprise the largest geographic chunk of Prada's sales, so slipping up there does a lot of damage to its sales overall.
However, sales picked up a bit in Europe, Japan, the Americas and the Middle East, which saw growth of 11 percent, 6 percent, 16 percent and 13 percent, respectively. Thanks to those regions and the strengthening of other major currencies against the Euro, overall revenue for the Group was up 6.5 percent.
Brand-wise, Miu Miu outperformed most of the Group's other labels. Revenue for Prada's younger sister grew 19 percent, while Prada only grew 5 percent. Church’s and Car Shoe recorded sales growth of 16% and 20%, respectively.
Bertelli says the company is focused on making its operations more efficient (which should help with profit margins), revising its organizational structure and producing innovative products. Hopefully that means 2015 will be better than 2014 was.


text:
Consumer-comfort index rises to five-year high
The Bottom Line
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WASHINGTON — Consumer sentiment climbed last week to its highest level in more than five years as Americans felt the most upbeat about spending since before the recession began.
The Bloomberg Consumer Comfort Index improved to minus 28.9 in the week ended April 28, its highest since January 2008, from minus 29.9 a week earlier. The buying-climate gauge rose to minus 32.5, the best reading since November 2007, a month before the worst economic slump since the Great Depression began.
The gain in sentiment is being driven by high-income earners as rising home and stock values bolster personal balance sheets.


text:
ANGLES – Lyons Magnus LLC said it is voluntarily recalling 53 nutritional products and beverages due to concerns about possible microbial contamination.
According to a report from FDAannounced on July 29, the possibility of microbial contamination coming from the organism Cronobacter sakazakii.
Cronobacter is a type of bacteria found in many dry foods, including powdered milk, powdered milk, herbal teas and starches, according to the US Centers for Disease Control and Prevention.
Although Cronobacter diseases are rare, they can be fatal to infants and adults with weakened immune systems.
The 53 recalled products do not include products specifically marketed for or intended for infants.
The recalled products include items under brand names such as Oedly and Premier Protein.
The FDA said anyone in possession of these products should throw them away immediately or bring them back to the store for a refund.
Lyons Magnus develops and markets products in the food service industry, according to the company’s website.


text:
Every coming day, we see something new in the aspect of advertising technology. It is not easy to predict which new digital advertising technology will become the upcoming coolest ad tech for the youth.
Also, it is difficult to assume which new ad tech companies will gain momentum to become a leading ad tech company with its own groundbreaking solution for the ad tech industry.
It’s a fact that digital advertising is evolving faster than ever before. According to eMarketer’s latest report, digital channels will outrun traditional mediums by 2021, and by 2020 digital’s share of total advertising will near 50%. Generally speaking, eMarketer estimates that global media spending will grow steadily at more than 5.0% per year through 2022. By and large, the chart below speaks louder than words.
As technology and customer attitudes towards that technology are always changing, so ad tech industry should modify consequently. Following are some of the five new ad technologies trends that are already making the headings in 2018 and will dominate in the coming year.
Video Ads Become More Common
The video ecosystem has never been more exciting. We see an increased number of content creation sources, delivery and consumption platforms and channels. Increasing number of users is becoming more reactive towards video ads on social channels like Facebook, YouTube, Bing etc. Overall, all this results in greater video viewing time.
What’s more younger consumers are driving the cord-cutting trend, making digital video, in particular mobile video, the fastest-growing video type by consumption. According to the estimates mobile video ad spending will reach $18 billion in 2018.
Forrester research shows that Millennials and Gen Z are more likely than older generations to stream videos and don’t object to watch video ads especially when they have access to free content.
The Call of Apps
Apps are likely to start substituting the websites. This is because the apps are more instinctive, suitable, and available, especially this is true for mobile apps. The reason is clear: consumers spend more of their mobile device time in apps. According to eMarketer, mobile apps account for more than 80% of the time users spend on smartphones. As for ad tech companies, they should seize the moment and take benefit of fetching with content through apps.
Living in a Virtual Reality
Dozens of various virtual reality devices are scheduled to release in the coming years. This will come up with an entirely new need of incorporating with social media forums. One of the key ad tech company’s uses of virtual reality is to provide customers with the capabilities that persuade them to actually visit a location or event.
Wearable technology will overlay new aspect in 2018. These devices could change the landscape of advertising technology and shape the lines of online marketing. With this anticipated rise of ad tech technology, marketers will need to amend new digital advertising technologies to access the potential customers. Ad tech technology is being called as 'convenience marketing technology'.
Mobile Dominates over Desktop
This year Google stated that mobile has taken over the traffic flow of desktop in some of the countries. Following are some of the statistics on mobile online consumer use:
15% make online purchases
41% download apps
46% play games
49.2% listen to music
62.1% access email
63.1% access the Internet
99.5% access information
The ad tech industry is a vibrant and ever developing field which is affected greatly by Millennials and Generation Z who set the tone for the whole advertising ecosystem. For that reason, businesses have no other option but to mix within in order to make sure that they can remain competitive and meet the expectations of younger generation. To keep that competitive advantage, high ad tech technologies might be just the answer to keep afloat.


text:
Smoke Shop Lincoln, Nebraska
- Just Say Yes: The Aging Population And The Growing Use Of Cannabis
- More Seniors Use Pot For Health Reasons
- Intel Is Your Source For Marijuana News
- Despite Legalization, Border Patrol Will Go After Marijuana At California Checkpoints
- Free Book Preview Cannabis Capital
- Why Is Marijuana Use Among Seniors On The Rise?
- Divided America: 34 Percent Of U.s. States Still Don't Allow Medical Marijuana
Plus, cannabis is one of some substances that may promote neurogenesis, in accordance with a 2017 examine. It’s one of many many ways cannabis for seniors helps to make pain, and therefore life, more manageable. Seniors aged sixty five and up are the fastest growing demographic of hashish customers. In 1969 only four percent of Americans over the age of sixty five supported ending cannabis prohibition. However, that is additionally the same demographic that was taught for a lot of many years that hashish use was dangerous, with no exceptions. The focus of hashish health research and federal advertising on secure practices has been primarily focused at teens, very like we saw with the safe intercourse campaigns in the Eighties. However, nobody thought of whether or not seniors had been having intercourse and soon we saw an uptick within the sixty five-plus crowd contracting sexually transmitted ailments. Even scientists don’t take into consideration their grandparents making love, or getting excessive, but evidence factors to them doing each issues. As cannabis turns into authorized and more socially acceptable worldwide, a rising number of persons are using it for each leisure and medicinal reasons. The fastest rising demographic to embrace marijuana, surprisingly, is aged Baby Boomers. The retired New Jersey roofing contractor who retains a winter residence at Laguna Woods Village started having hassle sleeping by way of the evening as he got into his 70s.
Just Say Yes: The Aging Population And The Growing Use Of Cannabis
420 Intel Canada is the Canadian Industry news outlet that may keep you updated on how these Canadian developments in recreational and medical marijuana will influence the nation and the world. Our dedication is to bring you an important cannabis news stories from across Canada every single day of the week. So sure, today’s most trusted analysis suggests cannabis can help together with your pain -- but how does this analysis relate to a senior citizen’s thoughts and body? According to the National Survey on Drug Use and Health, marijuana use amongst older people in the United States is increasing more than any other demographic. In the past ten years, cannabis use amongst 50 to 64 12 months-olds elevated 57.eight p.c and 250 p.c amongst individuals 64-years-old or older. To be honest, it's still the huge minority of senior residents using marijuana. According to the survey, only 7.1 percent of fifty to 64 year-olds use hashish merchandise, and only one.four percent of individuals over 64. A 2018 research of seniors discovered ninety three.7 p.c of sufferers felt enchancment from signs like pain after taking cannabis for six months.
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About fifty three percent of Americans age 65 and older reported bothersome ache up to now month, in accordance with a government survey. While medical cannabis use continues to increase across the board, the amount of Americans 60 or older utilizing it is growing faster than any other age demographic.
More Seniors Use Pot For Health Reasons
Cannabis is non-toxic, less addictive and a totally natural various painkiller that's medically confirmed to relieve ache. Not only are seniors among our most vulnerable populations amid rising housing and healthcare costs, but their well being and properly-being can be deteriorating rapidly. As with most other demographics, physicians have been prescribing opioids to alleviate seniors’ pain for decades. That’s because Crohn’s is principally an infected gastrointestinal (GI) tract and hashish fights that with its anti-inflammatory properties. Plus, according to a 2014 research, Crohn’s sufferers who used cannabis had no negative side effects and increased appetites. Nearly 800,000 Americans suffer from Crohn’s Disease, an inflammatory bowel illness that causes abdominal pain, bloody diarrhea, and weight reduction. Researchers behind the research stated that seniors must be cautious when smoking pot or consuming alcohol as a result of the danger of falls or adverse facet-effects from prescription medicines will increase when utilizing either. For many older patients, medical marijuana could prove to be a a lot safer alternative to the opioid medications that they are more often prescribed for treating ache and different circumstances. But until medical doctors start seriously speaking to their patients about medical marijuana, that option will proceed to be unavailable for a lot of. "I even have no method to measure, but I'd say it removes 90 percent of the ache," said Levy, who -- like different seniors here -- pays for these merchandise out-of-pocket, as Medicare does not cover cannabis. Now we see one other fascinating phenomenon regarding the legalization of medical marijuana. Englar is 75, which makes her a part of the quickest growing demographic of cannabis customers within the nation. Pain is the most common medical cause people seek out marijuana, and seniors expertise essentially the most pain. “We actually know very little about the results of marijuana within the aged. Everything about medical marijuana wants better research, but especially this matter,” Dr. Daniel Clauw, a ache specialist on the University of Michigan, informed Healthline. Because of the poor communication between sufferers and physicians, many of the study's respondents didn't have medical marijuana playing cards and have been sourcing their cannabis from the leisure market instead.
Intel Is Your Source For Marijuana News
Cannabis helps to control Crohn’s disease symptoms and provide much-needed reduction throughout flare-ups. Certain type of hashish, like indica-dominant strains, are identified to relax the physique and make folks sleepy.
JustCBD IG Mother’s Day Giveaway ????— JustCBD (@JustCbd) May 7, 2020
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In fact, a survey of forty seven,000 individuals aged 50 and up found that cannabis use has increased 250 p.c for these over sixty five. Adverse Drug Reactions (ADR’s) usually are not one thing to be taken lightly. Adverse reactions from prescription drugs are the 4th leading explanation for demise in the United States. One in four people aged 25 to 44 used hashish, in comparison with 26 per cent of people aged 15 to 24. Approximately half of those older pot customers consumed cannabis for medical reasons, with the remaining seniors evenly split between recreational use (24 per cent) and both medical and non-medical causes (24 per cent). Despite cannabis use being more frequent amongst younger age groups, pot consumption amongst seniors had grown at a faster fee. In fact, multiple in four seniors who recently used cannabis were new customers. The opioid epidemic is properly-documented however a safer different to those opioids just isn't. As I’ve carried out in many face-to-face interactions in my capability because the founding father of a pioneering marijuana topicals brand, I’m writing to encourage my elders to attempt hashish as a potential alternative to their synthetic opioids. For all age teams ADR’s trigger extra deaths than the pulmonary disease, diabetes, AIDS, pneumonia, accidents, and car deaths (fda.gov, 2016). Clearly, hashish is safer, which is why the growing older inhabitants is the quickest rising demographic utilizing medicinal cannabis. In Colorado about 32,000 registered Medical Marijuana patients are over the age of fifty, accounting for about a third of registered patients within the state (Colorado.org, 2017). Balfour is a part of a growing pattern of operations and organizations tackling the issue of seniors and marijuana use.
Despite Legalization, Border Patrol Will Go After Marijuana At California Checkpoints
In this Feb. 19, 2019 picture, a gaggle of retired seniors from Laguna Woods Village type a line outdoors Bud and Bloom hashish dispensary to attend a presentation organized by cannabis product vendors in Santa Ana, Calif. In this Feb. 19, 2019 picture, Kay Nelson, left, and Bryan Grode, retried seniors from Laguna Woods Village, chat within the foyer of Bud and Bloom cannabis dispensary whereas waiting for a free shuttle to arrive in Santa Ana, Calif. We all know Americans are embracing marijuana greater than ever proper now. Despite this, a new examine exhibits that older patients continue to have difficultly accessing this doubtlessly life-saving medication. Despite this, a new examine exhibits that older patients proceed to have difficultly accessing this probably life-saving treatment, writes Calvin Hughes. The variety of getting older adults who have access and are turning to hashish is growing. With the increase within the getting older population’s data of hashish follows a list of widespread ailments that these seniors are discovering hashish can probably relieve. As CBS New stories, Steve DeAngelo, proprietor of Harborside Medical Dispensary in Oakland, has been actively promoting cannabis to seniors, with nice effect, as lots of his clients now are in this demographic. “I will try to go slower than my usual pace for my talk,” he says right into a microphone, noting he’d be discussing hashish’ makes use of for a wide range of age-related illnesses.
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What’s more, 18 % of participants stopped or lowered, taking opioids by using cannabis. In the three-month span there have been 578,000 new cannabis customers across Canada. While 10 per cent of weed consumers between the ages of 25 to forty four have been new users, of the seniors who use marijuana now, multiple in 4 are new. In an age the place other ache medicines are increasingly tough to get, marijuana may be the best non-prescription different. Most states now have authorized medical marijuana, and 10 of them, together with California, enable anyone 21 or older to make use of pot recreationally. The federal government nonetheless outlaws the drug at the same time as acceptance will increase. The 2018 General Social Survey, an annual sampling of Americans’ views, found a document sixty one percent again legalization, and those sixty five and older are increasingly supportive. Canadian pot companies are already price billions of dollars and with imminent nation-broad legalization, the Canadian hashish business will see an unprecedented quantity of progress. In this Feb. 19, 2019 photograph, a bunch of seniors from Laguna Woods Village board a free shuttle bus back to their retirement neighborhood after visiting Bud and Bloom cannabis dispensary in Santa Ana, Calif. In this Feb. 19, 2019 photo, a gaggle of seniors take heed to a presentation by a cannabis product vendor at Bud and Bloom hashish dispensary in Santa Ana, Calif. Relatively little scientific examine has verified the advantages of marijuana for particular problems. Plus, if grandma doesn’t want the psychoactive results of marijuana, she will be able to go for a hemp-derived CBD product for all the medical advantages of cannabis without the high. Try introducing CBD oil or CBD capsules to your grandparent and see how they feel. From fibromyalgia to arthritis and nerve ache, continual pain debilitates many seniors. Cannabis can help deal with neuropathic pain and ache brought on by arthritis and inflammation due to the body’s endocannabinoid system. Even “highless” cannabis merchandise, like CBD oil, have sleep-inducing properties. Tons of people are turning to hashish to assist them sleep, young adults and seniors alike. Yet, it is common for seniors, especially these in ache, to lose their appetites and want to eat. In fact, in accordance with a 2014 study, seniors account for seventy eight percentof anorexia deaths. One of the primary causes medical marijuana laws have been handed in California within the 90’s was the plant’s ability to help most cancers patients.
- Englar is 75, which makes her part of the fastest rising demographic of hashish customers in the country.
- Now we see another fascinating phenomenon regarding the legalization of medical marijuana.
- While medical hashish use continues to increase throughout the board, the quantity of Americans 60 or older utilizing it is growing quicker than some other age demographic.
- Pain is the most typical medical purpose people search out marijuana, and seniors expertise the most pain.
For the second straight quarter, around 28 per cent of Canadians cannabis consumers (1.4 million) stated they purchased pot from a legal supply solely. Seniors have been the age group most likely to only use pot licensed retailers at 41 per cent, compared to about one-quarter for the 2 youthful age groups. More than half of seniors, fifty two per cent, reported using marijuana “exclusively for medical reasons,” whereas 24 per cent used pot for enjoyable, and 24 per cent used it each medically and recreationally.
Cannabis Conversations With Parents: What's The Most Annoying Thing About Being A Parent In 2019?
When cannabis is ingested, its compounds, including THC and CBD, inhibit pro-inflammatory molecules within the physique and work together with different pure pain-killing systems, just like the body’s endogenous opioid system. The opioid epidemic has hit seniors in addition to different age demographics. In 2013, fifty five p.c of opioid prescriptions went to seniors although they solely accounted for thirteen % of the inhabitants. Symptoms similar to Chronic Pain, Insomnia, Depression, Anxiety, and Nausea can all potentially be improved by the right ratio and route of cannabinoid therapy. With medical marijuana available in 29 plus states and authorized recreational-use hashish spreading from state to state, seniors have turn out to be the quickest-rising demographic among cannabis customers. In California, where medical marijuana is authorized, seniors are studying the way to fill their prescriptions -- at a pot store. They need to know the highs and the lows of marijuana use for the aches and pains of rising old, reviews CBS News correspondent Barry Petersen. A study in 2016 found that seniors in states that decriminalized medical marijuana arereceiving fewer prescriptionsfor medicine that deal with continual pain, despair, and nervousness, and different continual complaints that hashish is believed to deal with. Petersen expands on exactly why more and more older adults are becoming marijuana sufferers stating that senior citizens solely make up 14 percent of the country's population but use nearly 30 percent of all prescribed drugs. However, based on a latest study, the quickest-rising demographic of marijuana customers is way, much, older than you'd count on. “Cannabis consumption amongst seniors has been accelerating at a much quicker tempo than it has amongst different age groups,” the report said. “For instance, in 2012, less than 1% of seniors (about forty,000) reported utilizing, contrasting sharply with estimates from 2019 indicating that more than four hundred,000 seniors have used cannabis in the past three months. Up to 39 % of individuals with an opioid painkiller prescription for lengthy-time period use also use some type of marijuana. But while the use of medical marijuana to help a number of completely different well being situations is rising shortly among older Americans, many proceed to face difficulties in actually getting it. Multiple Sclerosis (MS) impacts greater than 2.3 million folks of all ages worldwide. Symptoms of MS embody muscle spasms, gastrointestinal distress, and ache, both muscular and neurological. Cannabis may help relieve MS signs, subsequently bettering the standard of life for MS sufferers. For years, Harborside Health Center, a distinguished dispensary in Oakland, California, has been internet hosting month-to-month assist teams for patients over 50. In early 2017, New York City nursing residence captured headlines for allowing residents to retailer and use cannabis on site. Judging from the curiosity at this hashish a hundred and one seminar, events like these will not be the last of their type. Although marijuana has not been conclusively proven to help lots of the ailments it is presupposed to treat, it's increasingly most well-liked over prescribed drugs. The American Medical Association reported last year thatopioid prescriptions drop 14%within the year after a state legalizes medical marijuana. Even individuals who remain uncomfortable with marijuana use tend to prefer it over the unfavorable societal and health effects of opioids. In this Feb. 19, 2019 photograph, two seniors, Adele Frascella, left, and Donna Miller chat in a free shuttle bus on the way again to their retirement community after visiting Bud and Bloom cannabis dispensary in Santa Ana, Calif. As authorized hashish has spread to dozens of states, more Americans of their 70s and 80s are including marijuana to the roster of senior activities such as golf and bingo.
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“We know nearly nothing about how hashish interplays with the traditional strategy of aging,” says Dr. Clement, adding that as we age, we’re extra likely to experience elevated health concerns and use a number of drugs. The average particular person over sixty five currently takes seven completely different classes of medicine whereas 25% of seniors, based on the Canadian Institute for Health Information, use ten or more drugs per 12 months. She thinks particular sources learning how hashish affects aging shall be a priority in 2019. The lingering stigma surrounding cannabis use goes far past the gateway theory. The survey released Wednesday exhibits seniors are the fastest-growing users of cannabis compared to all other demographics. According to knowledge gathered from the most recent survey carried out by the National Survey on Drug Use and Health, the number of people age sixty five and up who stated they use marijuana grew 250 % between 2006 and 2013. The proportion of U.S. seniors who use marijuana is small, but it’s growing rapidly. Here's why marijuana's use among older adults is turning into more widespread. Of some possible concern is that along with a rise in marijuana use amongst seniors, there was also a rise in binge consuming. The federal poll asked 5,452 Canadians whether they used cannabis within the last three months, which confirmed generational differences throughout pot-related behaviours. Although hashish use remains the highest among younger demographics, “consumption among seniors has been accelerating at a a lot quicker pace,” the StatsCan report stated. If you’re the senior citizen, you can discuss the cannabis efficacy with a medical marijuana doctor and/or the budtender at your medical hashish dispensary. And, you shouldn't use hashish alone until you are able to do it on your own. Opioids could be extra dangerous for seniors as a result of they enhance the chance of falling, psychological confusion, and dependence, according to theGlobe and Mail. That’s because, like the rest of the inhabitants, seniors are opting to make use of cannabis for medical illnesses, like ache, instead of prescription drugs. With the increased popularity and decreased stigma of the plant, seniors are more open than ever to attempt cannabis. interviewed Steve DeAngelo, owner of Oakland’s Harborside Health Center. DeAngelo thinks much more seniors will change to hashish for ache management and other illnesses as the authorized trade continues to grow. Who do you assume represents the fastest growing demographic of hashish users? Seven per cent of seniors aged sixty five used pot compared to 10 per cent of people aged 45 to sixty five, Statistics Canada discovered. He attended a seniors’ seminar the place he discovered marijuana might assist, so he got a hashish-infused sweet bar. In this Feb. 19, 2019 picture, Jenny Frimmer, a sixty five-year-old retired nurse, samples a product from a hashish-infused tea firm whereas listening to a presentation at Bud and Bloom cannabis dispensary in Santa Ana, Calif. In this Feb. 19, 2019 photo, a group of seniors from Laguna Woods Village consult with sales associates at Bud and Bloom hashish dispensary in Santa Ana, Calif. The seniors boarded a bus for the pot store and spent hours selecting from quite a lot of hashish-infused products, together with candies, drinks and weed. In this Feb. 19, 2019 picture, Sandy Sopher, sixty five, smells hashish buds at Bud and Bloom cannabis dispensary in Santa Ana, Calif. And, like each other demographic, seniors danger turning into addicted to these dangerous, even lethal, opioids. Older Americans are each the least supportive of authorized marijuana and the fastest-rising inhabitants of new cannabis users. Many who grew up with propaganda such as the movie Reefer Madness and powerful anti-marijuana legislation are nonetheless swayed by what they discovered as youngsters. But this is identical group that, although they account for only 14 % of our inhabitants, use greater than 30 % of all prescribed drugs including some highly-addictive painkillers. The unwanted effects of those medications, properly-known by the pharmaceutical companies and our authorities, are inflicting seniors to turn to cannabis to address conditions that come with getting older. According to the Center for Disease Control(CDC), about 7 million Americans over the age of 65 turn into depressed each year. Sadly, according to the same report, seniors made up for sixteen p.c of suicide deaths in 2004. In the meantime, company American appears to be planning for a generation of seniors who use hashish the way in which earlier generations used drugs. Pharmaceutical companies are starting todabble within the marijuana game. Geriatricians and household docs have beencalling for increased researchon hashish use in the aged so they can give evidence-primarily based suggestions to a rising variety of sufferers who're interested. Last, the health advantages of medical marijuana are particularly enticing to this age group. Many of them are beginning to take care of age-associated complaints such as joint ache, glaucoma, and other medical problems that hashish is known to alleviate. Judging from the curiosity at this hashish 101 seminar, events like these won’t be the final of their kind. In this Feb. 19, 2019 photo, a retired senior opens a package of cannabis infused chocolate caramel at Bud and Bloom cannabis dispensary in Santa Ana, Calif. Among individuals older than sixty five who signed up for the Colorado medical marijuana program, almost ninety p.c listed ache as an issue, in accordance with a research paper by public health researchers at the University of Iowa.
You’ll Never Guess The Fastest Growing Demographic Of Cannabis Users
But you'd in all probability expect that mostly younger individuals are embracing cannabis. But it seems the fastest growing group of marijuana users is seniors. Cannabis could soon have a secondary advantage of lowering the rising value of Medicare Part D. In this Feb. 19, 2019 photo, a vendor shows numerous hashish products to retired seniors at Bud and Bloom cannabis dispensary in Santa Ana, Calif. More Americans of their 70s and 80s are adding marijuana use to their roster of senior actions. Recent studies present that individuals 65 and over are the quickest-growing phase of hashish customers. In this Feb. 19, 2019 photo, a group of retired seniors from Laguna Woods Village attend a presentation organized by cannabis product vendors at Bud and Bloom hashish dispensary in Santa Ana, Calif. Researchers from the University of Colorado recently set out to discover how older Americans perceive and use medical marijuana. To do so they performed 17 focus groups throughout Colorado and interviewed 136 folks over the age of 60. Hawes invited the seniors into a big room with chairs and a desk diamond knot domeless nail set up with free sandwiches and drinks. As they ate, she gave a presentation centered on the potential benefits of hashish as a reliever of anxiety, insomnia and persistent ache and the various methods people can devour it. TORONTO -- People aged sixty five and older are Canada’s fastest growing group of hashish customers, in accordance with new knowledge from Statistics Canada. The persistent ache related to advancing arthritis and declining total health leads sufferers to pain management, often involving opioids. With enough analysis and steering, seniors can find hashish reduction from some of those self same situations, sufficient to let them wean off prescription painkillers or habit to a number of medicines. These are just the highest ten ways cannabis for seniors is changing the lives of tons of people over sixty five. If your mother and father or grandparents still believe in the “reefer madness” stigma, show them this article and assist them get the proper type of hashish for his or her pain. What’s more, there is some preliminary proof to recommend hashish can really assist send Crohn’s Disease into remission. agree that extra seniors switching to pure cannabis, as a safer different to pharmaceuticals is an efficient factor. People fifty five and older are 14 percent of the nationwide inhabitants, but they devour over 30 percent of prescription drugs within the U.S. According to CBS News, the variety of U.S. cannabis users over the age of fifty five has elevated from 2.eight million to 4.three million throughout the previous three years. Many of them got excessive in their youth, however now they're extra thinking about easing age-related maladies similar to arthritis and sleeplessness. They are the primary technology of elderly Americans to have grown up with marijuana as a typical leisure drug. With hashish now legalized or no less than decriminalized in many areas, they can finally indulge without concern of repercussions.
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Initially, marijuana clearly helped side effects cancer treatment, like chemotherapy, caused, including pain and nausea. There are tons of edible and topicalcannabis merchandise that may get the job done, like Mellows Marshmallows and ApothecannaExtra Strength Relieving Body Creme.
Divided America: 34 Percent Of U.s. States Still Don't Allow Medical Marijuana
Nonetheless, we are shifting beyond prohibition-era misinformation to embrace a truth-primarily based relationship with marijuana as medication. And while Pew research tells us the silent technology is the one grownup American demographic that doesn’t help marijuana legalization, they're additionally “America’s quickest-rising population of latest hashish customers,” according to The New Yorker. Even with this necessary analysis, I know this is a big ask for a lot of seniors. For most of their lives they have been told marijuana is a life-ruining gateway drug. But occasions have changed, my senior citizen pals, and fortunately so has science and the prevailing medical opinions of some of the world’s most discerning health authorities.


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KANSAS CITY, Mo. — Since the start of the pandemic, many children are spending more time scrolling, playing and even learning on a screen or smart device.
Their eyes have been exposed to a lot of blue light in recent months. So much so that many metro parents are wondering if blue light filter glasses will help their child’s eye health. There are hundreds of options online to choose from, but one metro eye doctor said the glasses can help if you know what to shop for.
Next to gymnastics, 8-year-old Annabelle Miller loves her screen time.
“OK, so my favorite thing to do on my iPad, it’s probably watch a YouTube,” Annabelle said.
Her two younger brothers are also enjoying the extra time on the device. But their mother hasn’t been as thrilled.
“I felt really guilty about all that screen time,” said Michelle Miller, the mother of three.
Miller said during the pandemic, she was working from home and was forced to give her children iPads for entertainment. When online learning started, she was worried too much screen time would harm their eye health.
“My eyes kind of hurt more, and I was on the screen less,” Annabelle said.
“Two out of three of my kids were on school-issued iPads nearly all day,” Michelle said.
Michelle decided to be proactive. She said she was first introduced to the idea of blue light filter glasses from a relative who is a physician.
“I thought, ‘Well if I could get some blue light glasses at least I’ve mitigated one of the negative aspects of all that screen time,” Michelle said.
Optometrist Jason Pingel, of Mission Eyecare, said Michelle isn’t alone. Pingel said more and more parents are asking him about the blue light filter technology.
“We’ve just noticed digital usage has gone up every single year as more people are working on computers than ever before,” he said.
Pingel said some blue light, like the natural wave lengths emitted from the sun, is good, but too much from a screen or device can be harmful.
“So blue light is the light spectrum between ultraviolet and the warm spectrum of light,” he said. “It’s a shorter wavelength, so it’s a little bit more photo active inside of our eyes. It’s also known as high energy visible blue light.”
It can cause eye strain, headaches, fatigue, insomnia and, in some cases, it can lead to bigger eye problems later in life.
“So doing what we can now to try to reduce that blue light from getting into our eyes will help to prevent macular degeneration and maybe push off cataracts to our later years,” Pingel explained.
When shopping online, he said beware not all glasses carry the blue light filter as they may claim.
He said the glasses should have a yellowish tint to the lens. Some may even have a purple hue, which could be a strong indication the glasses offer filter protection.
Pingel recommended speaking with your eye doctor to find the best solution for your child’s eye health.
Michelle said she purchased a pair for her kids and herself, all for about $15 a pair.
“In the middle of this pandemic when it feels like everything else is out of control this was something, I felt was easy for me to control for myself and my children,” she said.
If you can’t find a pair of glasses, there are other ways to reduce your child’s blue light.
“Practice something called a 20-20-20 rule, for every 20 minutes you work, take 20 seconds to look at something 20 feet away to give yourself regular breaks,” Pingel said.
Pediatrician Dr. Marion Pierson, of Village Pediatrics, said parents shouldn’t just think about eye health, but also posture while using computer screens and devices.
“Make sure screen is in a neutral position, at eye level, not too low or too high to cause neck and eye strain,” Pierson said. “Then you want at least a foot or two distance from your child’s face and the screen.”
Pierson believes parents don’t need to rush out and purchase the glasses.
“The Academy of Pediatrics has not released a statement that says we need blue light blocking glasses,” Pierson said. “All of that data will be collected so we can figure out if it will be a short-term impact on eye health, or is there some type of long-term considerations that we need to start to figure out. Right now we don’t have any major long term impacts.”
But for now, Annabelle has noticed a big difference since wearing her blue light filter glasses.
“My eyes don’t hurt anymore so that’s the good part!”


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In today’s SMH there is a well-explained article in response to grinchface Abbott’s most recent example of trying to mislead the public – the claim that the government’s proposed carbon tax will just be a big bureaucratic money-go-round. From the article:
Perhaps the biggest furphy being bandied about by radio talkback hosts and others about putting a price on carbon is the assertion that, because the scheme will compensate households for any increase in costs, there will be no incentive to reduce consumption of carbon-intense goods and services, such as electricity.
”At best it’s a giant money-go-round,” Tony Abbott told one radio interviewer this week.
Sorry Tony, but good economists know better.
Economics students learn pretty early on that there are two important ways that changes in prices influence consumption. First, a price increase on a certain good has an ”income effect”. By reducing a consumer’s real income, it makes them feel poorer and prompts them to consume less of that good.
It is true the government intends to shield low- and middle-income households from this income effect by compensating them with tax cuts or cash payments for the full impact of any price increases on energy or food.
But there is a second way that higher prices influence consumption. Economists call it the ”substitution effect”. A higher price for carbon-intense products, such as electricity, encourages consumers to switch to consuming less carbon-intense goods and services.
For all the low & middle income earners who are being duped by opposition lies: Abbott is appealing to the Australian sense of fairness in order to mislead you into supporting his ignorance of legitimate climate change science. Abbott is on a mission to sink a carbon tax because he wants to protect the opposition’s biggest supporters: big business and high income earners. Don’t be fooled by his smiling grinchface. Anytime he pulls the grinchface you know he is full of it.
This is the face to watch out for: