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Here's the tragic tale of what happens when you build an entire economy around an artificial monopoly created by government regulations.
Ride-hailing apps such as Uber and Lyft have been so disruptive to New York City's taxi industry, they are causing lenders to fail.
Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city's traditional cab fleet to operate, have been placed into conservatorship as the value of those medallions has plummeted.
Just three years ago, cab owners and investors were paying as much as $1.3 million for a medallion. Now they are worth less than half that, and some medallion owners owe more on their loans than the medallions are worth.
"You've got borrowers who are under water. This is just like the subprime loan crisis," said Keith Leggett, a credit union analyst and former senior economist at the American Bankers Association.
Just in reverse.
The taxi medallions were an artificial government monopoly. Their prices soared because the government limited the number of taxis and consumers had no other ride hailing option. When Uber, Lyft and similar services offered cheaper and better options, the monopoly plummeted. And the credit unions that had been set up to finance the artificial monopoly began going with it.
Blaming the free market for the collapse of a corrupt niche economy that existed to drain anyone who wanted to take a taxi is perverse.
Should the public be forced to endure a monopoly? That's the question being put forward in these wars. The hotel industry is fighting to destroy Airbnb in New York. The motives are the same. Government regulators and industries ally to create monopolies. Industries cash in and governments get control. Airbnb and Uber are so scary because they take apart the hybrid alliance of these niche economies.


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Never before have Norwegians sent and received so many packages as during this year’s Christmas. Norway Post and Bring have handled around two million parcels every week in December. Now all Posten’s terminals have been emptied of Christmas mail – everything has been sent out.
“This year we have handled extraordinarily large quantities of Christmas mail. The package volume already rose to record highs since the day after the authorities introduced new coronavirus pandemic restrictions and has remained very high until Christmas Eve. There has been a good flow in this year’s Christmas traffic. We have delivered with high quality and ensured that customers are satisfied. I would like to send a big and well-deserved thank you to all our employees and those who work at Post shop, who can now take a well-deserved Christmas holiday,” says Tone Wille, CEO of Posten.
At Østlandsterminalen, which is the heart of letter sorting in Norway, just over 40 million postal items were sent out in December.
In December, Norway Post handled around two million parcels a week. Ahead of this year’s high season, Norway Post brought in 1,000 extra employees who have assisted on the driver’s side and with parcel handling at all the country’s terminals. Today, packages can be picked up at around 2,660 different places in Norway, there are 1,000 more pick-up points than last year’s Christmas. In the last fourteen days, there has been 9.5 per cent growth in the package volume at the country’s collection points, compared to the same time last year.
On Christmas Eve, there were around 260,000 uncollected packages at pick-up locations around the country. Most Post shops are open on Christmas Eve, so there are still opportunities to pick up the latest packages and ensure a good Christmas atmosphere. The postmen also work on Christmas Eve, so a little peek into the mailbox on the big day can bring great joy.
Source: Posten Norge

domain: news


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Small-business enterprise house owners are far more pessimistic about the overall economy than they have been in a long time, according to the Tiny Business Optimism Index launched Tuesday by the Countrywide Federation of Unbiased Small business.
The index was down by 2.4 factors in March, the 3rd regular fall in a row. And the percentage of business house owners who feel factors will get greater about the following six months fell to the lowest level in the survey’s 48-calendar year background.
30-1 per cent of owners pointed to inflation as the one most significant issue struggling with their organizations, up by 5 points from February, the best reading through considering the fact that the initially quarter of 1981.
Growing price ranges are now regarded as a even worse problem than the labor scarcity.
“Their outlook has definitely soured more than the very last three months,” claimed Holly Wade, the executive director of the National Federation of Independent Business. “They continue to see inflation as this substantial obstacle they have to navigate.”
And it truly is receiving more substantial.
The Buyer Rate Index, a key evaluate of the inflation level, rose to 8.5 per cent in March, up from 7.9 per cent in February and fueled in massive element by climbing gasoline price ranges, in accordance to info released Tuesday by the Bureau for Labor Figures.
It is the to start with time smaller-enterprise entrepreneurs have faced these types of a sustained period of time of runaway price improves, and the perception of staying in uncharted territory contributes to their downbeat anticipations, Wade reported.
“Most compact-small business proprietors have hardly ever skilled just about anything remotely shut to this. Pretty couple of tiny companies that are open now ended up open up in the late ’70s and early ’80s,” she claimed. “Their financial gain bucks are getting stretched pretty thin appropriate now.”
And in some conditions, they are disappearing totally.
Bianca Jackson, who owns BrickRose Exchange, an party area in Baltimore, mentioned her prices for materials and raw materials have risen “astronomically” because the starting of the 12 months.
In January, she signed a deal to host a little marriage in March. “Even in just these two months, there have been vast dissimilarities concerning what we quoted and what the genuine cost was,” she mentioned. Bouquets cost double, even though decorating supplies and rentals have been up by as a great deal as 20 %.
When the party was over, “I ran all the quantities, and we practically ended up with $25,” Jackson said.
While inflation may possibly have surpassed labor as the biggest headache for enterprise house owners, the labor market is holding on as a pretty close second. Approximately half the business proprietors responding to the organization federation’s study claimed that they experienced work openings they could not fill in March.
Source chain difficulties are not letting up, both. Forty p.c of owners mentioned provide chain disruptions have had a substantial influence on their businesses, an increase in excess of February.
“There are no lights at the finish of the tunnel that they can see yet,” Wade said.


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Downtown in Business has teamed up with leading property company Bruntwood Works for the City of Birmingham Business Awards 2022.
Bruntwood Works will be the headline sponsor for the City of Birmingham Business Awards 2022, which acknowledge and celebrates companies and entrepreneurs that have made a successful and significant contribution to economic growth in the city region.
Part of the Bruntwood Group, Bruntwood Works create spaces where work and lifestyle thrive. Their workspace, retail and leisure is people driven, design led and socially responsible.
Bruntwood Works are committed to offering more than just outstanding office, coworking or retail space. Everything they do is tied into their vision of building vibrant communities, whilst providing businesses with the support and expertise they need to grow.
KJ Clarke from Downtown in Business Birmingham commented; “We are delighted to be teaming up with Bruntwood Works celebrate and recognise the entrepreneurial spirit that is alive in the Birmingham City Region. It’s more important than ever to put the spotlight on the business leaders that have had to deal with a number of significant challenges over the past few years. We are delighted that a company of the stature of Bruntwood Works are sponsoring this years awards.”
Rob Valentine, Director of Birmingham at Bruntwood Works added; “Bruntwood Works is proud of the long standing relationship with DIB and thrilled to be sponsoring COBBA this year on the eve of perhaps the most important years for Birmingham in recent memory. The eyes of the world will be on Birmingham as the city plays host to the Commonwealth Games and it is exciting to reflect on the opportunities this incredible event will bring.
“It is always important to recognise and celebrate success and I am thrilled to be part of COBBA which brings communities together, allowing relationships to strengthen and mutually beneficial opportunities to arise.”
For more information on Bruntwood Works Birmingham visit: https://bruntwood.co.uk/works/our-locations/birmingham/
For more information on #COBBA22 visit https://downtowninbusiness.com/awards-and-conferences/city-of-birmingham-business-awards-2022/


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Will Smith’s upcoming Apple TV+ movie Emancipation looks set to be delayed until 2023 following the Oscar-winner’s slap of Chris Rock at this year’s awards event. However, a new report suggests that might not be the only reason for the delay.
Apple TV+ had said that Emancipation was part of its 2022 lineup without giving a firm release date, but Variety now reports that the streamer has taken the decision to hold off until 2023. The decision was said to have been partly thanks to the altercation with Rock at this year’s ceremony that has seen Smith banned from attending for the next 10 years.
However, the same report notes that post-production of the movie is still ongoing, with other delays having already pushed things further through the calendar than had previously been expected.
Smith’s altercation with Rock would be a dominating topic surrounding promotion for the film, whether Smith was involved or not. While the slap controversy is a prominent factor in the predicted shift, multiple sources shared that Fuqua is still deep in post-production and may not be ready in time for a 2022 bow. The film suffered numerous delays due to moving the production from Georgia to Louisiana in protest of the state’s voting restrictions laws, the destruction caused by Hurricane Ida and the pause due to COVID cases in August 2021.
Apple Original Films, the name that Apple creates its movies under, is yet to comment and we’re still waiting for any kind of official release date for a project that was shaping up to be another potential Oscar-winner for Smith. That now seems less likely for obvious reasons.
Once it does finally arrive, Emancipation will tell the story of a slave and his escape from plantation owners and you’ll need an Apple TV+ subscription to watch at home. At $4.99 per month, that subscription becomes even better value as more content arrives with big hits like Severance and Ted Lasso already available to stream today.
If you want to enjoy Emancipation and other Apple TV+ shows in style, be sure to check out our list of the best Apple TV deals on the market today.
100% exclusive content for the price of a cup of coffee.
With TV+, you can watch well-produced, big-budget TV shows from famed directors, and starring award-winning actors and actresses across all your Apple devices and with up to six members of your Family Sharing group.
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How AirPods Pro proved Apple could be secretive without destroying products
Apple, a company infamous for its secretive product development cycles, changed everything when it decided to work on a pair of noise-canceling earbuds. According to one of the people involved in the decision to think different, the result was the hugely popular AirPods Pro’s 2019 release.


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While the worlds’ coconut beaches are all very quiet from the pause in global tourism caused by the SARS-COV2 virus, coconuts have been in the news in a negative way, on two fronts.
First, the Thai coconut industry got hit by a documentary of the ‘slave labour’ of monkeys, specially trained to harvest coconuts without respect for animal rights. Several global companies responded quickly with news that they would no longer buy from the companies implicated but the Thai authorities tried to deal with the issue by a combination of denial (… it only happens in a few places, as a tourist attraction…), reference to traditions along with economic claims that it isn’t even profitable.
Then, a paper ‘Coconut oil, conservation and the conscientious consumer’, comparing the biodiversity impacts of various vegetable oils appeared to suggest that coconut oil has a far greater negative biodiversity footprint than any other source, including palm oil. An eye-catching graphic showed a stark difference. As coconuts are often grown in agroforestry systems, this negative image may come as a surprise, certainly in comparison with palm oil.


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While foreign investors who came into the country have pulled out in volumes, opting to relocate to other neighbouring nations; Nigerian investors have been forced to run aground with overbearing policies and undue political interference.
Ease of doing business in Nigeria is becoming a myth as policy inconsistencies mar businesses and government revoke agreements earlier entered with private investors.
While the federal government has been responsible for the inconsistencies killing many Nigerian and foreign investments, state governments have also learnt to emulate the unpleasant managerial approach.
The case of Opay, a thriving business with units including the ride-hailing services, ORide, OCar as well as our logistics service OExpress suspended following policy directives in Lagos State.
The company which started in Lagos had engaged the State government on its brand and the appealing advantages of safety, employment and revenue. However, few months after take-off the State government banned commercial motorcycle operations without a leeway for duly regulated ones under platforms like Opay.
Lagos is the busiest and most populated state in the nation as a result of economic growth and business opportunities that span through every part of the city; however the challenge of motorcycling if well controlled could sustain massive employment opportunities in the state.
OPay revealed its decision to suspend ORide, OCar and OExpress business units due to harsh business conditions, saying, “We can confirm that some of our business units including the ride-hailing services, ORide, OCar as well as our logistics service OExpress will be put on pause. This is largely due to the harsh business conditions which have affected many Nigerian companies, including ours, during this COVID-19 pandemic, the lockdown, and government ban.”
Despite the huge potentials in Lagos, moving from one place to another has become difficult as a result of the daily traffic-jam and bad roads.
This gave rise to viable means of transport such as motorcycles also known as ‘okada’ and tricycles or ‘Keke Napep’. With these vehicles, it becomes less cumbersome to beat traffic and other hassles on the road.
With bike-hailing startups including Max.ng, Gokada and ORide (a subsidiary of Chinese-backed OPay superapp) offer the value proposition of being a safer option and a cheaper way to navigate through Lagos’ many traffic jams, it is worrisome that inconsistent policies has marred the growth of this bike-hailing startups that already invested a lot into the economy of the state.
Although OPay diversified its business in Nigeria, investing more and seeing accelerated growth in its commitment to Nigeria’s financial and technology inclusion, the fate of its drivers and numerous commercial motorcyclists in Lagos remain bleak.


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To keep our community informed, Music Biz curates the latest news stories highlighting our members as they continue to push the industry forward.
If you are launching a new product, have been featured in an industry trade publication, or have a major announcement coming soon, be sure to share with us so we can help spread the word! Send your news stories to Henryk Bik, Communications & Social Media Strategist, at firstname.lastname@example.org.
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March 2, 2020 – Music Biz Member Sound Lion Records Gears Up Campaign to Fight Opioid Crisis
Music Biz member Sound Lion recently announced that it will embark on a global campaign to bring awareness to addiction and the current opioid crisis. The campaign will kick off March 27th with the release of “Mama Don’t Give Up,” the latest release from Sound Lion artist Nana Kottens. According to the U.S Department of Health & Human Services, two million people had an opioid use disorder in 2018 and, on average, 130 Americans die everyday from an opioid overdose.... Read More
February 26, 2020 – Music Biz Member Synchtank to Support Issa Rae’s Raedio Publishing
This week, Music Biz member Synchtank announced that it would serve as the technology host for Raedio Publishing, Issa Rae’s new publishing initiative. Thanks to this partnership, Raedio can leverage Synchtanks’s proven licensing and asset management tools, allowing them to present their pre-cleared catalogs directly to the general public. “As announced, Synchtank will be providing Raedio with a software platform for their music library,” said Synchtank CBO Chris Cass. “This means they will be using Synctank’s Customer Relationship Management,... Read More
February 24, 2020 – NEW MEMBER PROFILE: G7 Entertainment Marketing
We’d like to welcome G7 Entertainment Marketing to the Music Biz member community! G7 is an award-winning, fully integrated entertainment marketing agency specializing in experiential & event marketing, talent booking & production, and entertainment strategy. The agency plans and executes each of their projects with a fan-first approach in mind, with the understanding that, “When brands put fans first, everyone wins.” G7 has been part of our Brand & Strategic Partnership Summit during our Annual Music Biz Conference for several years now,... Read More
February 10, 2020 – NEW MEMBER PROFILE: Dance Plant Records, Inc.
Please welcome Montreal-based Dance Plant Records, Inc. to the Music Business Association! The label was founded in 1986 by “two crazy guys who loved the music business,” with its roots in the Dance genre. Today, it is one of Canada’s most prestigious indie labels, with a diverse catalog including Rock, Pop, New Age, Instrumental, Country, Rap & Hip Hop, Electronica, Relaxation, and EDM music from artists across the international marketplace. Dance Plant Records chose to become Music Biz members after attending our Annual Music Biz Conference for the first time in 2019.... Read More
January 31, 2020 – Music Biz Members Symphonic Distribution and AMPED Announce Physical Distribution Partnership
This week, Music Biz members Symphonic Distribution and AMPED announced a new partnership that will allow Symphonic’s clients to access physical distribution services for vinyl, CDs, and cassettes in North America and beyond. “Offering physical distribution is a natural extension of Symphonics’s comprehensive digital music and video distribution offering and artist services arsenal,” says Symphonic’s Chief Client Officer Nick Gordon. “What’s more, we’re glad to help labels get their products into stores during what has been a stressful time in the physical distribution and retail business.... Read More
January 28, 2020 – Clio Music Opens for Entries, Announces Program Changes for 2020
This week, Music Biz members Clio Music have announced its call for entries for this year’s Clio Music Awards, which will celebrate achievement in artist self-promotion, music marketing, brand collaborations, and the use of music in advertising. The first deadline to enter submissions for this year’s awards program is Friday, March 20th, after which prices to enter will increase. To learn more about the Clio Music awards program and submit entries, visit clios.com/music.... Read More
January 23, 2020 – Music Biz Member Amazon Music Announces Subscriber Base Surpasses 55 Million
Congratulations to Amazon Music, who this week announced that they have surpassed 55 million subscribers across all service tiers! This milestone follows an exceptional year for Amazon Music — the service saw 50% growth year-over-year in the U.S., U.K., Germany and Japan; and more than doubled its user base in France, Italy, Spain and Mexico. 2019 also saw the company debuting its flagship service in Brazil; launching an ad-supported tier in the U.S., U.K., and Germany;... Read More
January 20, 2020 – NEW MEMBER PROFILE: Songfluencer
Join us in welcoming Songfluencer, an influencer marketing company specializing in music promotion via Instagram and TikTok, to the Music Biz member community! Songfluencer works with artists to distribute their songs to their network of social influencers, who then share the songs in their stories or posts via click-through links to various DSPs. Click-throughs to these services are key in helping artists gain further exposure and playlist placement, as the DSP algorithms reward artists who drive traffic to their platforms.... Read More
January 15, 2020 – Music Biz Member Stemit Announces Long Term Partnership and Licensing Deal with Audionamix
Music Biz member Stemit this week announced that it has licensed exclusive rights to advanced AI music stemming algorithms from Audionamix, offering rights holders a solution to unlocking stems from recorded music. Audionamix’s AI separation technology automatically separates songs into stems, including a cappella, backing tracks, drums, bass, and remaining music. This new solution allows content owners to create stems directly from two-track stereo masters, without the need for sourcing digital multi-tracks. As a result, rights owners can generate additional revenue by offering instrumental versions of their original masters for karaoke,... Read More
January 13, 2020 – NEW MEMBER PROFILE: Revelator
We’re excited to welcome Revelator to the Music Biz member community! Over the past 18 months, Revelator has developed and tested a blockchain-powered mobile and web application to accelerate the settlement of streaming royalties to a daily cycle. Revelator’s digital asset platform and artist wallet were designed to help copyright owners and independent music creators simplify the complex problems of accurate royalty & split payment distribution to copyright owners and creators with speed,... Read More


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UP Online Fasal Bechna, Kisan Online Fasal Registration
UP Online Fasal Bechna Scheme 2021 Kisan Online Fasal Registration Maharashtra Crops Selling Online UP CM Yogi Online Fasal Bechna Yojana. Due to Coronavirus epidemic, Government is interested in making infrastructure to sell farmers crops online. To fully implement online selling crops scheme, Mission Digital India is available to can help through Common Service Centre established in all rural and urban areas. Hindustan is the first media to give information on state wise scheme will be launched to sell online farmers Rabi and Kharif crops. CEO of Common Service Centre has told to media about Kisan Apni Fasal Kaise Bechey that pilot project is working in Pune, Maharashtra. In which Grape Wine and Pomegranate crops is selling. Central government soon review the result of kisan online fasal bechna scheme.
Maharashtra is the first state of India who accepted the online fasal behcna scheme. After 3-4-month UP Government will start scheme for selling their farmers crops online. In this platform farmers can list Fruits, Vegetables and other crops.
You don’t need to go Mandi and from Jan Seva Kendra, Common Service Centre shops you can register. Government is also making law to sell crops online.
How to Sell Crops:
1. Farmers have decided how much quantity he will sell his crops.
2 Now businessmen will give you rate on which he/she buys
3. If farmers agree to sell his/her fasal. Then farmers will accept order.


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The initial public offering of the company was oversubscribed by investors. Facebook geeft mensen de kans om te delen en maakt de wereld toegankelijker. Analysts had expected Burger King to list at around 70-75 percent premium over issue price, while it was also trading at 75 percent premium in the grey market. Retrouvez toute l’actualité du King, l’ensemble des produits, le plan d’accès aux restaurants, l’histoire de la marque et les offres d'emploi ! The portion of Burger King’s IPO was oversubscribed 85 times by the Qualified Institutional Buyers. Burger King shares debut at Rs 115.35, lists at 92% premium. On NSE, the scrip debuted at Rs 112.50, up 87.5 per cent. The promoters of the company now hold a stake of 60.1 percent after the issue. Retail investors oversubscribed their portion 67 times. Burger King was the fourth mainboard IPO this year, which saw over 100 per cent subscription levels. They didn't try to rush us or make us feel pressured to hurry like other fast food restaurants. Burger King India Shares: The shares of the quick-service restaurant chain listed at Rs 115.35 on the BSE, a 92.25 per cent premium over the issue price of … Minutes later, the stock was trading at Rs 119.5 per piece. Shares of Burger King India made a strong debut at the Indian domestic markets on Monday, with stocks rising over 92 per cent against its issue price of … There was a gain of 3.4 percent from listing price in the share of Burger King. The stock zoomed further … And they do so because our restaurants are known for … The American multinational chain of hamburger fast food restaurants has its domestic arm in India, which is one of the fastest growing Quick Service Restaurant (QSR) chains in the country. The stock opened at Rs 115.35, a huge premium of 92… The Burger King share debuted at Rs 115.35 per share and was up 92 percent from the issue price of Rs 59-60 per share. About Burger King® Every day, more than 11 million guests visit BURGER KING® restaurants around the world. Once at the window they where kind and efficient. The stock opened at Rs 115.35, a huge premium of 92… Get access to exclusive coupons. I said hello about 3 times to the drive thru speaker and there was no response and finally after 3 minutes one of the girls started laughing on the drive thru speaker and said "order whenever you're ready" while still laughing loud on the speaker. Non-institutional investors subscribed to the stock massively, with many bidding for their portion of issues 354 times. Alia Bhatt wards off early morning work blues with Justin Bieber’s Anyone: Hits the spot every single time, Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article, Travel before March 21 & save 20% on your next booking, Unlimited access to 5,000+ magazines and newspapers; flat 50% off. Burger Kings is lid van Facebook. Wij gebruiken cookies om onze services te monitoren, te verbeteren en ervoor te zorgen dat je de beste ervaring op onze website krijgt. Every day, more than 11 million guests visit over 13,000 Burger King® restaurants near them in 97 countries around the world. The Burger King share debuted at Rs 115.35 per share and was up 92 percent from the issue price of Rs 59-60 per share. Like us on Facebook to see similar stories, AAP vs L-G tussle — no final word on ‘services’ as SC has deferred case thrice in 2 years, Punit Balan returns with his next venture - Jaggu Aani Juliet, Live Report: Australia vs India, 3rd Test, Sydney, 1st day, Barbara Blake-Hannah: how Britain’s first black female TV reporter was forced off our screens, 5 horrible things that happen when you take too much vitamin D, 5 EFFECTIVE ways to break your phone addiction, Ducati to Launch 12 New Motorcycles This Year; Here's Everything You Need to Know About the Lineup, Neena Gupta shares scenic video from Mukteshwar. There's a Burger King® restaurant near you at 2120 Us Highway 92 W. Visit us or call for more information. Share any feedback, comments and suggestions you may have Why Is Everyone Grabbing This New $49 Smart Watch. Word lid van Facebook om met Burger Kings en anderen in contact te komen. Burger King lists at 92% premium to its issue price. We’d love to hear about your Burger King’s experience! Burger King India has become the fourth IPO in 2020 to be subscribed more than 100 times after the public sector defence manufacturer Mazagon Dock Shipbuilders (157.41 times), IT service provider Happiest Minds (156.65 times) and speciality … From Rs 378 crore in 2017, the income of Burger King has increased to Rs 841 crore in the previous fiscal year. Who is Stacey Abrams, the Woman Who Helped Joe Biden Turn 'Ruby Red' Georgia Blue? Door onze website te blijven gebruiken, ga … Shares of Burger King India on Monday zoomed over 92 per cent in its debut trade against its issue price of Rs 60. Burger King IPO: बर्गर किंग की शानदार शुरुआत, शेयरों में 92 फीसदी की बढ़त बिजनेस डेस्क, अमर उजाला, नई दिल्ली Updated Mon, 14 Dec 2020 05:01 PM IST (File photo) NEW DELHI: Shares of Burger King made a strong debut on Monday as the scrip got listed at Rs 115.35 on BSE, a 92.25 per cent premium over … By FPJ Web Desk Burger King India raised Rs 810 crore through public issue which was subscribed 156.65 times during December 2-4. This made Burger King India the fourth mainboard IPO this year, which saw bidding of 100 times and more. 115.35 per share on the NSE as against the issue price of … Pre-issue, the stake was 94.3 percent. It consists of 1 video and 1 image. This Burger King was unprofessional and untimely. Burger King India will finalise the basis of allotment of … This 2019 Clio Awards Silver winning entry titled 'BK Bot 92 Whoppers' was entered for Burger King by DAVID, Miami, part of agency network: Ogilvy & Mather and holding company: WPP Group. Burger king lists at 92 percent premium over issue price. Burger King shares made Dalal Street debut today at Rs 115.35 per share, up 92% from the issue price of Rs 59-60 per share. Around Rs 360 crores will be achieved from the Offer For Sale (OFS) for the promoters of the firm and Rs 450 crore will be raised from the issue. Shares of Burger King India on Monday zoomed over 92 per cent in its debut trade against its issue price of Rs 60. Burger King India makes remarkable market debut; lists at 92% premium over issue price - Burger King India's share sale was subscribed a massive 156.65 times earlier this month. The stock of Burger King was trading at Rs 119.5 per piece minutes after the opening bell. Wij gebruiken cookies om onze services te monitoren, te verbeteren en ervoor te zorgen dat je de beste ervaring op onze website krijgt. Minutes later, the stock was trading at Rs 119.5 per piece. You are now leaving the Redberry Franchising Corp. (RFC) website and will be redirected to . The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms. (To download our E-paper please click here. Shares of Burger King India on the BSE were up 14.78 percent at 132.40 on Monday at around 11.30 am. FreaKINGdel Burger. Burger King IPO Listing date is 14th December 2020, Monday at 10:00 AM on NSE and BSE.As the GMP is going up at 40-45 level, we can expect a super duper hit listing for the Burger King IPO. It became the second most subscribed IPO of 2020, as it was subscribed over 156 times. 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Burger King IPO subscribed 156.65x times, QIB 86.64x, HNI 354.11x and RII 68.15x times overall. Site officiel de BURGER KING® BELGIQUE. Shares of Burger King India on Monday zoomed over 92% in its debut trade against its issue price of ₹60. The company, which opened its first restaurant in November 2014, now has 261 restaurants, including eight sub-franchised Burger King restaurants, across 17 states and union territories and 57 cities across India. Shares of the company made a strong debut on Monday as the scrip got listed at Rs 115.35 on BSE, a 92.25 percent premium over the issue price of Rs 60. "We are optimistic on Burger King's growth story considering improving organised industry growth benefiting from reduced competition from unorganised restaurants due to COVID-related challenges and expansion of its outlets wherein Burger King is well-positioned to expand its footprint in India from 260+ to 700 stores by December 2026," Prashanth Tapse, AVP Research at Mehta Equities was quoted in the media reports. Burger Kings stock made a strong listing on the stock exchanges at a premium of 92percent at a price of Rs. Discover our menu and order delivery or pick up from a Burger King near you. The piece was submitted to the medium: Audio within the entry type: Product/Service and the category: Radio. I went there tonight and the drive thru took very long. Burger king debut at 92% premium price: Jackpot for investors Story first published: Monday, December 14, 2020, 12:25 [IST] Other articles published on Dec 14, 2020 Before the shares of the company debuted on the stock market, they were trading at 83% premium over the weekend in the unlisted market. The quick service restaurant chain Burger King’s Rs 810 crore IPO, which ran from December 2 to December 4, was subscribed 156 times on Monday. The firm had a market capitalisation of Rs 4,402 crore. It has been reported that the company will use most of the fresh issue amount to fund fresh roll out of new restaurants because it will aim to reach the target of 700 restaurants by 2026. ). WHOPPER ... King Desserts Drinks & Shakes Dips Filter producten. As the national master franchisee of the Burger King brand in India, Burger King India has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. In conversation with CEO Rajeev Varman to find out more about the new additions to the menu and company's expansion plans. Bekijk het menu van je favoriete Burger King restaurant en laat het eten bij je thuis, op je kantoor of op een feestje bezorgen! The highly recognised brand value and growth potential of the QSR industry has continued to attract investors although the company continued to make net losses. Delivery & Pickup Options - 3 reviews of Burger King "I vowed a long time ago I would never return to Burger King after the way I was treated but my family wanted to go so I thought it was time to give them another chance. Bumper Listing: Burger King shares debut at Rs 115.35, a 92% premium Burger King India raised Rs 810 crore through public issue which was subscribed 156.65 times during December 2-4. The public shareholding was 5.7 percent pre-issue but it has increased now to 39.9 percent. Burger King India makes remarkable market debut; shares jump over 92% The stock opened at Rs 115.35, a huge premium of 92.25 per cent against the issue price on the BSE. The stock opened at ₹115.35, a huge premium of 92.25% against the issue price on the BSE. You are now leaving the Burger King South Africa website and will be redirected to the Burger King Corporation website. Over the same period, the EBITDA has gone up from Rs 8 to 103.9 crore. Burger king debut at 92% premium price: Jackpot for investors . Bestel eten van Burger King op Thuisbezorgd.nl! Burger King has already raised Rs 91.92 crore from Amansa Investments in a pre-IPO placement. Burger King India’s shares listed at a 92.25% premium on Monday, with the stock listing at Rs 115.35 on the Bombay Stock Exchange, as against the issue price of Rs 60.
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March 16, 2022 |
Advent International, a Boston-based private equity firm, has reached a deal to buy the 49% it does not already own in Argentine payments company Prisma Medio de Pago for $350 million, according to local media reports on Tuesday.
Advent will buy the stake from a group of 14 banks and Visa International, taking its holding to 100%, according to the reports. Advent declined to comment on the deal, and Prisma did not return phone calls for comment.
Advent acquired 51% of the company in 2019 for $68
US private equity firm pays $350 mln for the 49% it did not already own in Prisma


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E-waste is much more than just dusty smartphones and laptops. Housed inside these dated devices are various precious metals and still usable material. According to Federico Magalini, an electronic waste expert and Managing Director of Sofies UK, there is 80 times as much gold in one ton of cellphones as there is in a gold mine. In other words, there is an enormous potential and incentive for recycling these electronic devices – and yet, most people still keep their old devices shoved in their drawers, collecting dust at home.
But it looks like this may change soon. Lately, there has been a lot of public interest in end-of-life electronics. For example, Apple recently debuted Daisy, a robot designed to disassemble old iPhones, in celebration of Earth Day. Also, Reuters reported a South Korean factory that specializes in retrieving precious metals from car batteries. And in a recent paper published in the journal Environmental Science & Technology, researchers argued that recovering materials from discarded electronics – often called “urban mining” – makes more financial sense than mining for new materials from the Earth.
But there are too many questions surrounding e-waste. What exactly is e-waste? Does it encompass more than just batteries and smartphones? What happens to the devices when they are recycled? How much do we really gain from recycling these devices? To answer these questions, The Verge interviewed Magalini, an expert on e-waste research, to layout the reasons why e-waste recycling is a vital to our planet’s future.
To start off, Magalini explains what e-waste is. “The best definition of e-waste is any product you discard that is still working, is connected to a plug, and has a battery,” he comments. “This also includes devices that generate electricity, like solar panels. It’s a lot of products, and people should think more about how many of these gadgets they have in the house. The number is about 80 devices per family. But when you tell people, they don’t believe you.”
Can you count the number of devices you have in your home? Does the number surprise you? It’s unbelievable how many electronic devices we surround ourselves with. But do you use all these devices on a daily basis?
Magalini explains that a large part of the e-waste problem is that we are emotionally attached to our electronic devices, whether we still use them or not. Aside from viewing our old laptops, smartphones, and other tech gadgets as sentimental objects, many are also very wary of recycling or re-selling their old devices due to data security. Because of these two factors, a huge amount of material is not entering the recycling stream. Without thinking of the consequences, many of us are keeping these devices at home and preventing natural resources from going back into the economic cycle.
The majority of electronic waste is metal-dominated: iron, copper, aluminum, and then plastics, of course. In much smaller amounts, you have more precious metals like copper, silver, gold, palladium, iridium, and rare earth metals. And all those fancy technology metals, like lithium and cobalt, are widely used by the electronics industry. Historically, metals have value, and you can recycle metal forever. For plastic, it’s different because every time you recycle the plastics, the mechanical properties don’t necessarily remain the same.
There are many benefits to recycling your unwanted electronics. You will keep potentially hazardous materials out of the waste stream that can end up in landfills while conserving natural resources such as wood products, water and raw minerals mined from the ground, and you will avoid air and water pollution associated with the need to collect raw materials. In addition, the manufacturing process has been linked to greenhouse gas emissions that contribute to global climate change.
Furthermore, recycling in general can create jobs, and recycling done in the right way can be a profitable business. There is a good opportunity to keep our environment clean, to keep resources in the loop, so there are societal benefits in recycling. The worst thing that can happen is that we keep producing new phones and all the discarded ones are just staying in our drawers because resources are limited. If we keep those resources in our houses, hidden, then we might face a supply chain problems or restriction in the near future.


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PETALING JAYA: While Malaysia is a legitimate top exporter of tropical logs, agarwood and reptile skins, the United Nations World Wildlife Crime report has also highlighted the illegal aspects of such trade in the country.
The inaugural report that was launched on Tuesday listed Malaysia as the top global exporter of tropical logs in 2013 with a total of 3,455,000 cubic metres being exported.
The report noted Malaysia’s seizures of illegally sourced wood protected under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (Cites).
It cited Malaysia as one of the primary sources of illegal shipments of agarwood, with seven metric tonnes seized between 2005 and 2014.
Malaysia was also listed as the second most prominent destination for illegal shipments of ivory.
While Malaysia was one of the top reptile skin exporters, the report said much of the trade saw illegally sourced reptile skin being introduced into the legal supply chain.
Commenting on the report, Traffic Southeast Asia regional director Dr Chris R Shepherd said there was a lack of study on this aspect of the trade which was a “big worry”.
He said more information on the origins of the reptile skins was needed to allow consumers and retailers to make informed choices.
“We don’t know what percentage of the supply is illegal,” said Dr Shepherd.
“If the consumer is not sure if a handbag, belt or boots are made of legal skin – don’t buy it,” he said.
While the report listed Malaysia as the second most prominent destination for illegal shipments of ivory, it noted that the ivory was ultimately destined for another country.
On this, Dr Shepherd said Malaysia had no open market or demand for ivory.
“But the fact is that ivory is still going through Malaysia, and that is a problem.
“Malaysia is a popular transit country. Criminal networks pick the path of least resistance to get to their final destination,” he said.
Dr Shepherd said that if the risk of getting caught and prosecuted was high, illegal traders would stop moving through Malaysia.
“Malaysia has good laws. But good laws are only as good as the people who enforce them. If our officers are not trained, illegal wildlife trade will flourish,” he said.
He said a check and balance system must be put in place for anything traded in high volume.
“The system is to ensure that whatever your harvest is, it is done in a legal manner and one that is not detrimental to the conservation of the species,” he said.
Overall, the report states that wildlife and forest crime were not limited to certain countries or regions but was a global problem.
“Small battles are being won. But overall, we are still losing the war. We are losing so many species,” he added.


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Green Rocks Created Diamonds, based in London’s Hatton Garden, today announced further developments in the created diamond market.
Last year the GIA made a significant announcement to the industry when it launched its LGDR – a full grading report for laboratory-grown diamonds – followed with the statement: “There will always be a market for the amazing treasures of Mother Nature’s natural diamonds, but there is a new generation of customers who view laboratory-grown diamonds as an option. They, too, deserve our protection.”
It claims to have sent a message to jewellers all over the world that laboratory-grown diamonds are here to stay and are highly relevant and sought after by the consumer.
Leon Peres, president, and CEO of Green Rocks saw this as a necessary evolution for the market, and today sees that progression continue with the GIA now making a clear distinction on its certificates between a non-treated ‘as grown’ diamond and a post-growth treated one.
This is indicated by an asterisk next to the colour grade and mirrors the same way that the GIA distinguishes between a mined diamond that has been treated to enhance its colour and one that has not.
Peres says that in his mind the ‘*‘ signifies that a diamond that is treated – whether it is mined, or laboratory-grown – is not the standard and not what the customer will come to demand as the market for laboratory-grown diamonds only continues to grow within the UK and Europe.
Understanding that this differentiation is important, and that transparency is key, the IGI has since followed suit, and updated how it grades laboratory-grown diamonds on its reports by specifically indicating diamonds that are “as grown with no indication of post-growth treatment.”
“The popularity of lab-grown diamonds has heightened since IGI debuted the industry’s first (reports) 16 years ago” CEO of IGI, Roland Lorie, stated. “As the technology has advanced and demand evolves, this institute will continue to do right by the consumer.”
“We praise the IGI and GIA for this important decision” said Peres. “Not all laboratory-grown diamonds are created equal.
“Some are grown using inferior technology, are of low quality and cannot be sold without colour enhancement to treat the colour, often numerous times and with several methods, until it is white enough to be sellable.
“Retailers and consumers deserve to know exactly what they are buying so they can make an informed decision with all the facts laid out in front of them.
“We have always supported this level of transparency and fully expect UK & European customers to demand non-treated laboratory grown diamonds just as we have seen happen in the US market.”


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Best Buy CEO Dunn named to Variety hall of fame
Dunn will be inducted along with Hastings Entertainment CEO John Marmaduke, Consumer Electronics Association CEO Gary Shapiro, Nintendo of America and the "Harry Potter" franchise, Variety said in a news release.
Variety noted Dunn has worked at Richfield-based Best Buy (NYSE: BBY) for 25 years, rising from store clerk to CEO.
"His career has been fueled by his understanding of the potential of the retail experience to influence consumer adoption of emerging technologies," Variety said about Dunn in a statement. "Under his leadership, Best Buy has been a key partner with the studios and consumer electronics companies in establishing HDTV, Blu-ray, 3D and numerous digital technologies.
Variety started its hall of fame 31 years ago. This year's induction is set for Dec. 5 in Beverly Hills, Calif.
>Click here to read Variety's news release.
Ed Stych assembles a daily stream of best-in-class information for entrepreneurs and top managers that appear in The Business Journals' national How-To blog.
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Nuance's Dragon Drive Voice-Enables Hyundai's Next-Generation Connected Car
Nuance Communications and Hyundai have developed a new voice-enabled infotainment system with Nuance's automotive-grade Dragon Drive platform.
Hyundai's new infotainment system deeply integrates Nuance's Dragon Drive natural language understanding automotive voice platform to showcase the power of conversational interfaces as part of a safer, smarter in-car experience. Hyundai's next generation of cars will include natural language voice-enabled phone dialing, message dictation, destination entry by address or point of interest, and searching for music both in the car or streaming from online music services.
Hyundai is also among the first automakers to introduce "Welcome Mode," leveraging Nuance's personal assistant capabilities designed for the connected car. Drivers are greeted with a personal message when they enter the car, along with personalized greeting using Nuance's text-to-speech. This greeting includes an updated weather forecast at the user's location, a personal playlist, or even directions based on a user profile supplied by Hyundai.
"Consumers expect to be connected to people and content no matter where they are. And when they are behind the wheel, it's our responsibility to balance that demand with features that minimize the potential for driver distraction," said Michael O'Brien, vice president of Product and Corporate Planning at Hyundai Motor America. "Hyundai is committed to stay at the forefront of innovation, and by leveraging Nuance's Dragon Drive platform for our next-generation infotainment systems, we'll be able to bring the broad consumer market smart, innovative and intuitive experiences powered by voice."
"People have deep and personal connections to their devices and the content they offer - their in-car experiences shouldn't be any different," said Arnd Weil, vice president and general manager of automotive at Nuance Mobile, in a statement. "Hyundai's connected car prototype demonstrates the flexibility and broad capabilities of our Dragon Drive platform, where Nuance's voice technologies deliver an intelligent, conversational exchange between people and their cars to keep them connected no matter where life's journey brings them."
The deal adds to Nuance's automotive business.
Automotive safety calls for a holistic approach.


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Read the latest car news covered daily by our editorial team. Find out everything you need to know about the automotive world.
The roadgoing electric Mini is coming in 2019
Germany is the first stop, with global expansion scheduled after 2020
It will be the first volume-production car to feature cameras instead of rearview mirrors
That’s what Shmee150 found out while getting up close and personal with the first EQ-branded Mercedes
Mission E concept will become a production car in late 2019


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Sonic Frontiers is gearing up to be Sega’s latest big-time project as the video game company showcased the trailer for the game yesterday. In the days leading up to the trailer, there have been a lot of leaks surrounding Sonic Frontiers.
Moreover, players are worried that such an ambitious project would mean that the game won’t be out for a while. However, Sega is a step ahead all of us as they also unveiled the release date for the anticipated game release. And it’s coming this year.
Sega officially announces release date for Sonic Frontiers on all major platforms
Yesterday, Sega took the opportunity to announce the release date for Sonic Frontiers at the Gamescom Opening Night. But not only did they give fans a release date, they also included a trailer for the game that’s been talked about for all kinds of reasons.
From leaks about Sonic Frontiers to the game getting delayed, the gaming community has been talking about this game since it was announced.
Before they announced the release date, a leak was already going around about when Sonic Frontiers comes out. And true enough, the game is arriving on November 8 this year.
However, Sega experienced a blunder before they were able to announce the official release date.
- Just hours before they were set to reveal more about the new Sonic game at Gamescom, they accidentally put up a trailer on YouTube.
- The video was immediately delisted a few minutes after it was posted, but fans were quick to find out that the game is coming this year.
True enough, Sega officially announces Sonic Frontiers’ arrival this November 8. Although we’re looking forward to the release of Sonic Frontiers later this year, we can’t help but be a bit worried.
Will Sonic Frontiers deliver in giving fans a new experience for Sonic games?
Some fans worry that Sonic Frontiers may need more time in the oven before it releases. This is because Sonic finally takes on an open-world setting in the upcoming game. And from what we know about open-world games, it’s that the experience is better if the entire environment is enjoyable.
Nonetheless, we’re looking forward to seeing how Sega is going to deliver Sonic Frontiers to both old and new fans alike. However, it is a bit risky for Sega to release it on November 8. This is because a lot of big-title games are released around that time.
Sega promises a fresh combat system plus the open world in Sonic Frontiers. According to Takashi Iizuka, the head of the Sonic Team at Sega, he’s optimistic about the release of Sonic Frontiers.
“We do realize everyone is just kind of reacting to the videos that they saw and because they don’t understand what this new gameplay is, they’re kind of comparing it to other games that they already know,” Iizuka commented when fans started criticizing Sonic Frontiers based on early playthroughs of the game.
What’s different in the new game?
From the story trailer released on Sonic’s official YouTube channel, it really is different from previous games. First, it looks like the storyline is more serious in this title.
Then, there’s the way Sega is putting Sonic in an open-world setting. From the trailer, we can see that it the game really takes place in an open-world environment. However, the trailer didn’t give much away about the places you can explore.
It seems that Sega decided on keeping the side-scrolling, loop-de-loop mechanics Sonic is known for. The trailer didn’t shy away from showing us Sonic running and collecting those gold rings spread all over the game’s environment.
It’ll be interesting to see how much has changed in Sonic games once this title releases. And it won’t be long before we get our hands on it. On the other hand, you can also pre-order the game now to receive a bonus called “The Adventurer’s Treasure Box.”
Sonic Frontiers is available on the PlayStation 4 & 5, Xbox Series X|S, Xbox One, Nintendo Switch, and PC via Steam. It releases on November 8, 2022.
If you want to learn more about Sonic Frontiers, you can visit the official website here. Are you looking forward to this release? Or do you think Sega should delay the title for a bit more before releasing? We would love to hear from you in the comments down below.
If you have other questions about Sonic Frontiers or Sega, feel free to share them in the comments down below. Until then, stay with us here at Spiel Times for more content.


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fuboTV, the sports-focused virtual MVPD, said it has inked deals to carry the NFL Network and NFL RedZone service as the pro football league heads into the regular season tonight as the Kansas City Chiefs visit reigning Super Bowl champion, the New England Patriots.
NFL Network joins Fubo Premier, fuboTV’s base package that is currently selling for the promotional price of $34.99 per month.
Meanwhile, NFL RedZone, the live look-in channel that appears on Sundays during the league’s regular season, is being added to a relaunched version of fuboTV’s Sports Plus package, which sells for $8.99 per month and includes 14 other sports channels.
fuboTV said customers who get NFL Network and NFL RedZone will also soon get authenticated TV Everywhere access to Watch NFL Network (via NFL.com and apps for connected TVs and mobile devices). Fubo Premier subs are also in line to get access to NFL Network’s VOD library.
“The NFL is constantly looking for more ways to offer NFL content on platforms where fans are spending increasing amounts of time,” Hans Schroeder, COO of media and business for the NFL, said in a statement. “We’re excited to offer NFL Network and NFL RedZone through fuboTV, a service focused on serving sports fans on digital platforms that will provide yet another option for keeping up with NFL Network’s 24/7 NFL coverage and catching RedZone's action-packed Sunday afternoon experience.”
“As our line-up has evolved, our mission remains the same: to offer the most popular sports in the world for the lowest price,” added David Gandler, co-founder and CEO of fuboTV. “Today we add a brand that is the epitome of premium sports content. NFL Network solidifies our basic bundle, and fans now have the option to add NFL RedZone along with 14 other sports channels to their subscription – making sure they don’t miss football’s most exciting moments every Sunday afternoon.”


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NOPD arrests wanted fake ticket seller
Authorities acting on a tip from the NFL have arrested a New York man wanted for selling counterfeit tickets.
New Orleans Police spokesman Gary Flot says 41-year-old Calvin E. Harris was spotted by officers on Bourbon Street as he attempted to sell tickets to the Dallas-New Orleans game Saturday night.
The NFL had sent local authorities a bulletin warning them to be on the lookout for Harris. Authorities say they confiscated 17 fake tickets and $2,700 in cash from Harris, who was booked with illegal use of a counterfeit trademark.
Authorities say Harris had been convicted on similar charges in New York and Washington and has an outstanding warrant in Texas for similar charges.


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(Timothy Aeppel & Chris Prentice – Reuters)
President Donald Trump’s lead trade negotiator, Robert Lighthizer, warned lawmakers on Wednesday that the United States would need to keep the threat of stiff tariffs on China in place for years, even if a trade deal is inked, as part of an enforcement mechanism that would include frequent reviews of whether China was abiding by any agreement.
That confirms what many companies have already concluded. Even if the hot phase of this trade war passes, tensions will linger and continue to reshape the economic relationship between the world’s two largest economies. Click here to read more.
- U.S. Manufacturing Grew at a Slower Pace in February (Associated Press)
- U.S. Said to Ready Final China Trade Deal as Hawks Urge Caution (Bloomberg)
- February Manufacturing Output Down but Fundamentals Remain Strong, Says ISM (Logistics Management)
- The US-China Trade War Was Supposed to Save American Industry, But it is Forcing Companies to Look Overseas (SCMP)


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Complement Group (NASDAQ:MTCH) , the adult company of these internet dating apps as Accommodate, Tinder, so much fishes, and OkCupid revealed on Thursday that it enjoys purchased and combined with Noonlight — a first-of-its-kind security business that can offer disaster reaction providers and personal safety goods. The technology enables owners to make contact with unexpected emergency business and provide “highly accurate locality data within Noonlight app, without needing a 911 call your power to chat or copy.”
The business will roll out the security specifications to every its matchmaking apps, beginning with Tinder, the spot that the service are readily available beginning on Jan. 28. Complement collection explained the step would be aspect of the “ongoing dedication to creating and shopping for the modern technology to resist awful famous actors and supply customers with technology to keep them much safer.”
Graphics origin: Noonlight.
The ins and outs
The integration of Noonlight safety means enable consumers to input the specifics of their particular approaching times into Tinder schedule attribute, such as that they truly are fulfilling, where they are went, and just what moment the meetup arise.
If your day will take a terrible change and cellphone owner thinks dangerous, they are able to manually cause an alarm button inside the app, which in turn transmits extremely correct place information to bodies who could send hometown police, flames, or EMS responders. By holding over the digital dread switch, the user triggers a silent alert that can be handicapped with a four-digit PIN if there is a false alarm.
Noonlight could be associated with wearable clever gadgets just like the Apple Check out in the event a person seriously isn’t capable of creating an alarm system. After alerted, dispatchers will try to contact the individual to see if everything is fine. Continue reading


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Ford Motor Company (NYSE:F) to Retain “Best Selling Vehicle Brand” for 2013
Ford Motor Company (NYSE:F) might claim the title of “best-selling vehicle brand in North America” for the calendar 2013 ahead of Toyota Motor Corp (ADR) (NYSE:TM) and General Motors Company (NYSE:GM). But if one compares the Wall Street performance it is certainly General Motors which has delivered more than 41% returns year to date in 2013. Toyota Motor and Ford Motor have delivered 30% and 18% returns, respectively.
Ford’s Stellar Sales Figures
Ford Motor Company (NYSE:F) has sold more than 2.4 million vehicles this year, largely attributed to record sales of the Fiesta, Escape and Fusion models. Moreover strong demands for hybrid models as well as Focus model have also contributed to Ford’s stellar sales performance in 2013. F-Series sales are estimated to exceed 700,000 this year, thanks to recovering economy that boosted increased commercial construction. With this numbers, F-Series pickup will certainly be the best-selling vehicle in the U.S. this year.
Moreover the automaker is also expecting to widen the lead over Toyota Motor Corp (ADR) (NYSE:TM) this year, by selling approximately 400,000 more vehicles than Toyota. In 2012 Ford Motor sold 329,677 more vehicles than Toyotas and in 2013, till November, it has sold 396,041 more vehicles than Toyotas.
Vice President of the U.S. Marketing, Sales and Service at Ford Motor Company, John Felice said, “The great news is that we are not overly reliant on any one segment — we’re seeing double-digit sales growth in cars, trucks and utilities. With 16 launches next year, we’re looking to keep our sales momentum going.”
Anticipated December and 2013 Sales
While major automakers including Ford Motor Company (NYSE:F) will report December sales on Friday, it is estimated that monthly sales will increase by 4% compared to December 2012. With these estimates at hand, industry analysts predict 2013 to mark highest auto sales since pre-recession 2007. For 2013, auto sales are anticipated to be around 15.6 million with 8% year over year growth.


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By David Madden
ATLANTIC CITY, N.J. (CBS) – One year ago, Atlantic City’s recovery hopes were pinned on a new, $2-billion resort on the north end of the boardwalk.
Today, that resort has emerged from bankruptcy, finding itself owned mostly by its creditors.
Revel was marketed to the well-heeled from the git go with opulence at every corner and prices that reflected that. Leaders now concede they shot a little too high.
“Where we came up short is with the traditional Atlantic City gambler and that’s when I say repositioning, having a little more focus on our guests, how we talk to them, how we give offers, how we talk to the local guests from Brigantine verses that casino customer from New York that’s here for the weekend,” says Jeff Hartmann, who took over as CEO of Revel in March.
Hartmann is hoping Revel’s new business plan will work:
“We’ve increased our wayfinding signage to make getting around the resort a whole lot easier. We’ve introduced a new, lower-priced dining option, a 24-hour restaurant called ‘Relish’. We’ve opened up the aisleways to make player comfort on the casino floor a little more enjoyable than it was and you’ll see over the summer, we have a broader range of entertainment in Ovation Hall.”
With a new, lower-debt load to carry, Hartmann hopes to see a turnaround of fortune as soon as next year.


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Carrollton, Texas-based BuzzBallz has launched a new addition to its brand portfolio – BuzzBallz Cocktails and Chillers Espresso Martini.
The cocktail features coffee notes and a hint of sweetness. In anticipation of National Coffee Day on Sept. 29, the company believes its time to introduce an espresso cocktail to a larger cross-nation market.
BuzzBallz Espresso Martini is sold in 15 states: Alaska, Arizona, California, Florida, Idaho, Nevada, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Texas, Virginia, Washington and West Virginia. National rollout will be taking place in spring.
After originating and having a brief popularity stint in the 1990s, the espresso martini remained a fairly obscure drink until 2021, when online mentions of the cocktail started increasing about 300 percent.
“So many people love coffee, but as the day winds down they might rather be looking for a cocktail to drink,” said Merrilee Kick, CEO and founder of BuzzBallz. “Our new Espresso Martini flavor is the best of both worlds for coffee and cocktail lovers alike.”
After cross-referencing psychographic similarities between adult coffee and cocktail consumers, the company’s team began the process of figuring out how to create the espresso martini flavor.
“We’d worked on coffee-flavored cocktails before with our Hazelnut Latte, but the Espresso Martini was the first time we really immersed ourselves in coffee-forward cocktails,” said Charles Irvin, VP of research and development for BuzzBallz.
“Once we had an idea of what we wanted, we sourced a number of different coffee roasts and blends and went through them one-by-one until we landed on one that we thought worked particularly well in an espresso martini.”
Kick is enthusiastic about the prospect of this new flavor bringing in a more diverse range of consumers to the BuzzBallz family. “It’s essentially a cold brew cocktail. I expect demand from both avid and casual coffee lovers to exponentially increase as we introduce this product to new markets,” Kick said.
The Espresso Martini flavor joins the BuzzBallz portfolio of more than a dozen different ready-to-drink cocktail flavors.
For more information, visit buzzballz.com.


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PHILADELPHIA (CBS) – July is National Ice Cream Month and Bassett’s, America’s oldest ice cream company, is celebrating its 150th birthday.
In 1984, President Ronald Reagan designated July as National Ice Cream Month.READ MORE: Man Struck, Killed By Vehicle In North Philadelphia, Police Say
Debbie Tom says that’s good but, “Every month should be National Ice Cream Month (laughs).”
Tom is one of dozens lined up at Bassett’s Ice Cream Stand in Reading Terminal Market, where it has been since 1893. Tom, from Bethlehem, always stops at Bassett’s when she’s in town.
“This is the Peanut Butter Swirl and it’s delicious.”READ MORE: Gov. Tom Wolf Visits Chester, Praises Organizations Working To Make Streets Safer From Gun Violence
Roger Bassett, the 5th generation, says Bassett’s has remained virtually the same since his ancestor started it in 1861. Well, almost.
“Way back in the 20’s and 30’s in the Market, all we served were dishes, because my grandfather would make the ice cream in the basement and it was never frozen hard as it is now.”
You can hear Karin Phillips interview with Roger Bassett in this CBS Philly ‘Specials Place’ podcast…
On July 16th, Bassett’s will be celebrating with a big day of ice cream at Reading Terminal Market. “We’ve invited a few other ice cream purveyors in the Philadelphia area to come celebrate with us and make a cake, a special cake, celebrating Bassett’s Ice Cream and a lot of the Bassett family will be there, cutting the cakes and giving them out.”
Reported by Karin Phillips, KYW Newsradio 1060MORE NEWS: Lawncrest Shooting Leaves Man Injured, Philadelphia Police Say


text: Undated handout from Marks and Spencer of Bryan Ferry modelling the store’s clothes. The high street giant said pre-tax profits were up 32.2% to £405.1 million in the six months to September 30. PRESS ASSOCIATION photo. Issue date: Tuesday November 7, 2006. It came as group sales lifted 11% to £3.93 billion, driven by a high- profile advertising campaign featuring 1960s style icon Twiggy. See PA story CITY Marks. Photo credit should read: Marks and Spencer/PA.


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Manu Kumar Jain, Xiaomi's Global Vice-President, has been asked by the Enforcement Directorate to appear before the financial investigative agency on Wednesday.
Manu Kumar Jain, Xiaomi's Global Vice-President, has been asked by the Enforcement Directorate to appear before the financial investigative agency on Wednesday. Jain, who was also Xiaomi's previous Managing Director of its India operations, has been summoned to appear before ED investigators as part of their investigation into whether the company's business methods complied with Indian foreign exchange rules. It is worth noting that the federal body in charge of enforcing economic laws and investigating economic crimes in India has been examining Chinese company Xiaomi since February. ED launched the investigation in accordance with the Foreign Exchange Management Act (FEMA) and identified evidence of remittances involving a substantial amount.
According to officials, this is his third summons after failing to attend for the previous two. They further stated that Jain has been summoned to the agency's Bengaluru office on Wednesday. The ED summoned Jain because he was Xiaomi's previous managing director of India operations, implying that he was aware of the company's actions and huge sums being transferred outside of India.
Xiaomi slapped with Rs 653 crore notice
Previously, Chinese phone maker Xiaomi's India unit was issued a Rs 653 crore notice for alleged duty evasion. According to the officials, Xiaomi was evading customs duty through undervaluation, and the Directorate of Revenue Intelligence (DRI) launched an investigation against Xiaomi India and its contract manufacturers. "Following the completion of the DRI's investigation, three show-cause notices were issued to M/s Xiaomi Technology India Private Limited for demand and recovery of duty amounting to Rs 653 crore for the period 01.04.2017 to 30.06.2020, under the provisions of the Customs Act, 1962," the Finance Ministry said in a statement.
During the investigation, the DRI searched Xiaomi India's premises, resulting in the finding of documentation suggesting that Xiaomi India was liable to pay royalty and licence fees to Qualcomm USA and Beijing Xiaomi Mobile Software Co. Ltd.
During the investigation, it was also discovered that Xiaomi India's "royalty and licence fee" paid to Qualcomm USA and Beijing Xiaomi Mobile Software Co. Ltd., China (a Xiaomi India related party) were not included in the transaction value of the goods imported by Xiaomi India and its contract manufacturers.
According to the Finance Ministry, Xiaomi India dodged Customs duty as the beneficial owner of such imported mobile phones, parts, and components by not included "royalty and licencing fee" in the transaction amount.


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Congratulations to my Rothbardian friend, Akin Fernandez, who is making headlines after opening Europe’s first bricks and mortar Bitcoin shop, Azteco. Writes the Daily Mail:
4:03 pm on February 19, 2014 Email Travis Holte
An entrepreneur has opened the first shop in Europe where Bitcoins can be bought over the counter.
Normally it can take weeks to set-up an account and purchase the digital currency over the internet – but Akin Fernandez simply prints off a voucher so they can be accessed immediately.
The user then enters a 16-digit code and the Bitcoins are transferred to the designated virtual wallet within 70 seconds.


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The Bolsa de Empregabilidade, organized by the Forum Turismo is thus a support platform for various audiences, which clearly assumes its social status.
This year’s edition already has more than 80 confirmed companies among the most significant in the national tourism sector.
The event will take place at FIL, in Lisbon, on the 13th and 14th of March.
And more! If you sign up on the Bolsa de Empregabilidade event website, you will have the opportunity to guarantee your ticket for free!
Online registration is easy and allows faster access to the event, since you only have to enter the name at the entrance to the Multiusos Pavilion.
Your registration on the website also allows the creation of a candidate profile, the attachment of the curriculum vitae and entry into the online recruitment process of the companies present at the event.
You can also purchase your tickets at the local ticket office for € 2.50 per person.
The list of all companies present in the 5th edition of the Employability Exchange 2020 can be consulted HERE.


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VoIP.ms Receives 2022 INTERNET TELEPHONY Product of the Year Award
VoIP.ms is Awarded for the Second Consecutive Year
MONTREAL, April 12, 2022 (Newswire.com) - VoIP.ms announced today that TMCnet, a global integrated media company, named VoIP.ms for the second consecutive year as a recipient of the INTERNET TELEPHONY Product of the Year Award.
Founded in 2007, VoIP.ms is a fast-growing cloud-based communication company serving the North American market, offering state-of-the-art phone service, a wide array of features, and award-winning unparalleled customer support.
"Receiving this award for the second consecutive year is a strong signal that we are doing the right things and a well-deserved recognition for all of our team's hard work," said David Rouleau, VoIP.ms Chief Operating Officer. "We will keep on pushing our growth agenda and listening to our customer feedback to offer innovative features and new possibilities."
"Our team is focused on building VoIP solutions that have consumers' best interests at heart, that's why we strongly believe our contract-free and pay-per-use business model is strategically positioned to be acknowledged as one of the best communication solutions on the market," added David.
Founded in 2007, VoIP.ms is a Canadian voice over internet protocol (VoIP) bring-your-own-device provider headquartered in Montreal, Canada, serving residential, business and reseller customers, namely cPanel, ICON Health & Fitness and others. VoIP.ms provides a vast range of standard telephony features such as local, DID numbers in 60+ countries. It also offers Free Porting across U.S. and Canada for local & toll-free DIDs, termination (outgoing calls) in over 125 countries across the globe, toll-free numbers, and services such as E911, SMS, virtual fax and virtual PRIs. For more information on VoIP.ms, please visit https://voip.ms.


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Ubisoft is surveying fans about the direction for a new Assassin’s Creed game, as well as the potential for a pirating spin off
SA retailers and digital download stores vying for your attention
A UK teen has been duped into buying a picture of an Xbox One instead of the actual console
Clipping the apex, hard throttle on the exit for the last time on PS3.
Get your internet caps at the ready if you want to play today.
Nelson Mandela passed away on 5 December 2013, aged 95.
FNB has confirmed they will be offering the PlayStation 4 console through its smart devices promotion around the time of launch
Spend R2,050 on the Jaguar XJ13, because why earn it through gameplay?
Gamers on the SA iTunes store can now buy vouchers through FNB
Uncapped ADSL prices continue to plummet following Telkom free ADSL speed upgrades
Microsoft’s independent game publishing programme for Xbox One has its first batch of developers
According to leaked specs, AMD is pushing Kaveri as an all-round performer.
Courtesy of Ster Kinekor and Pan Macmillan we have some Rome II goodies to conquer
A website dedicated to exposing Xbox One problems has caught the attention of Microsoft
Don’t jump on this hype train if you know what’s good for you.
PS4 temperature imaging reveals that it stays reasonably cool.
Which games are the most popular by the number of gamers playing them?
Mweb and Afrihost have announced their latest bundled uncapped ADSL prices – this is how the pricing compares to the rest of the market


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The Government of Canada and the Canadian Institutes of Health Research (CIHR) has awarded $1.38M over one year to Dr. Anne Snowdon to examine Canada’s healthcare supply chain to identify ways to improve the processes critical to managing COVID-19 and planning for future pandemics.
To achieve optimal health outcomes, Canadian healthcare workers and patients require a safe and secure supply chain of trusted products. The COVID-19 pandemic has highlighted significant supply chain challenges across Canada’s health system including lack of available protective products for health workers, and difficulty meeting the surge in demand for products such as PPE and medications.
Leading a team of 18 researchers from across Canada, the goal of Dr. Snowdon’s research is to deliver a framework and roadmap that will strengthen supply chain resilience to ensure every health team has the protective products to deliver care safely, and products are available in the right place at the right time when most needed. Research will focus on mapping the supply chain processes and infrastructure in seven Canadian provinces, and examine the procurement and distribution of health products to improve responsiveness and co-ordination across provincial, federal, and global health systems for effective pandemic management.
Knowledge and research outcomes will be disseminated though all available channels in collaboration with strategic partners including: GS1 Canada, the Canadian College of Health Leaders, the Canadian Medical Association (CMA), the Canadian Nurses Association (CNA), the Canadian Society of Physician Leaders (CSPL), the Canadian Support Workers Association, the Organizations for Health Action (HEAL) and the Royal College of Physicians and Surgeons.
COVID-19 represents an opportunity for building supply chain resilience for the future by transforming health system supply chain into a strategic asset for Canadian health systems. A resilient and automated health supply chain has the potential to deliver significant benefits including a safe and secure pipeline of products and greater transparency in health system outcomes that will inform quality and safety strategies, optimized capacity and cost effectiveness for improved pandemic management and outcomes.
About the research project
Thank you to the Government of Canada for providing the funding for this research through CIHR and the International Development Research Centre, in partnership with Alberta Innovates, Michael Smith Foundation for Health Research, Research Manitoba, Research Nova Scotia, Saskatchewan Health Research Foundation, and the New Brunswick Health Research Foundation.
For more information: https://www.scanhealth.ca/covid-19-research


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- May 9, 2018
In several ways, Tom Wallace is the godfather of the burgeoning Tampa Bay tech startup scene. He’s had lots of successes, a few failures and tells great war stories about the business. He loves to mentor young up-and-coming entrepreneurs and, significantly, recently had a Michael Corleone “just when I thought I was out, they pull me back in” moment.
Wallace, 59, is also driven, partially, by the vision of making sure Florida flexes its muscles in early stage funding for myriad tech companies for generations to come. He oversees that mission as managing partner and chairman of the board of managers for Tampa-based Florida Funders, which calls itself a hybrid of a venture capital fund and a crowd-funding platform. It’s invested more than $10 million in a dozen or so companies statewide, from an augmented reality firm to an LED lighting company.
“We want to be a state where we are known for technology and innovation as much as we are for tourism and strawberries,” Wallace says. “We want to be a state where the best and brightest come back here and stay here to start companies, not go to Silicon Valley. And we want Silicon Valley to come here.”
Wallace has a wealth of success — and failures — to choose from in his role at Florida Funders, in both analyzing companies to invest in and coaching startup founders and others. A major success in his career is the Waldec Group, a Tampa-based network integration and services firm. That company grew to 300 employees and $75 million in annual sales before he sold it to IKON Office Solutions.
Wallace’s most recent success — and one of the biggest of his 30-year investing career — is Vector Solutions, parent entity of RedVector and other online software education brands.
While he didn’t start the company, he came on board early, as an investor in 2003 and CEO in 2004 when it was VectorLearning and RedVector.com He helped lead a turnaround at the business that included a shift from selling to consumers to businesses, using a software as a service model. He also helped the company raise $100 million. When it was sold in 2014, the business had a valuation of at least $250 million. “We had a great run,” says Wallace.
The co-founder and former president of the Tampa Bay Technology Forum, Wallace next sat out of the business for a year or so. “I wasn’t looking for something to do,” he says.
Then came the Florida Funders opportunity — and a chance to get back in the game.
In what he calls Florida Funders 2.0, Wallace, joined by entrepreneur Marc Blumenthal, former head of business development at Tampa-based Tribridge and others at Florida Funders, has spent the past year barnstorming Florida. The crew seeks to grow its portfolio of accredited investors — people with more than $1 million in assets. Wallace says at least 300,000 Floridians are in that coveted, targeted group.
“One of the things Florida doesn’t do well is early stage funding,” Wallace says. “That’s the problem, challenge and opportunity.”
In addition to finding investors, Wallace spends a chunk of his time mentoring young entrepreneurs and startup executives. One is Doug Schaedler, co-founder and CEO of Homee, a Tampa firm that connects homeowners and property managers with instant access to electricians, plumbers and AC technicians over a smartphone app. Florida Funders was an early investor in Homee.
“Tom is very well-thought of in the tech community here, having seen it all and done a lot," says Schaedler, who meets with Wallace at least once a quarter. Two nuggets Schaedler learned from Wallace stand out. One is to maintain hyperfocus on the mission of the company. With the software platform behind Homee, says Schaedler, it could have sought other revenue streams, say in car repair. But Wallace cautioned the firm should get good at its core mission, first.
A second Wallace tidbit: don’t hire too many people, especially senior-level managers, until it’s absolutely necessary. “A lot of new companies hire before they are ready,” Schaedler says.
Wallace, who brings a dog to work and sometimes comes to the office in shorts, says he’s into pay-it-forward when it comes to his work. “A lot of people helped me along the way,” Wallace says. “I look at helping others as a way of returning the passion.”
In a recent interview, Wallace also talked about the reasons behind his biggest successes and failures, and the lessons he learned from both.
• A Pittsburgh native, Wallace had a corporate job at industrial company Alcoa after college — a golden opportunity for the son of blue-collar parents. But he stayed at that gig for less than a year before he left to start his own company, Waldec Systems, which helped small businesses find, buy and install computer systems — a novel concept in 1982.
Not everyone in Wallace’s life backed the move. “My dad thought I was crazy,” he recalls. “He thought I was out of my mind.”
• Wallace, too, had doubts starting from scratch with no experience. “There were no entrepreneurs in my neighborhood” growing up, says Wallace. “There were no incubators, nothing for startups. I didn’t even know what an entrepreneur was.”
• Wallace preserved, powering through with a Rust Belt work ethic. The company eventually grew to $20 million in annual sales and 75 employees. He sold the business when he was 30. “We came from families that worked hard,” he says, “so we knew how to work hard.”
Not only hard work Wallace adds, but focused. One of the biggest things he tells budding entrepreneurs today is to not be part time or halfway into something — but to be all-out into the venture.
• The flip side, he adds, is he learned in that role the value of having some semblance of a work-life balance, a lesson he tries to adhere to today. Says Wallace: “All we did was work.”
‘One of the things Florida doesn’t do well is early stage funding. That’s the problem, challenge and opportunity.’ Tom Wallace, Florida Funders
• One lesson he learned with the company, or was forced into, was to avoid debt and maintain a cash-is-king approach to growth. “There were no banks that would give us loans,” he recalls. “We grew the business by collecting receivables from customers and reinvesting it back into the business.”
• Wallace jumped into the then budding Voice-over-Internet-Protocol sector in the late 1990s, when he invested in a company called NetCubed. The internet telephone company’s plan was to install the systems in businesses, using Cisco hardware. NetCubed would handle the IT side.
But the mission — and the company — crashed. Wallace cites a list of problems, summed up, he says, by “timing is everything.”
Adds Wallace: “We were too early to the market space, and also the product sucked. The product wasn’t ready yet.”
• That venture, even with its too-early issues, also taught Wallace the 100% focus lesson. He had his own money in the business, and helped out, but didn’t get into the daily grind, something he calls a big mistake looking back. “I wasn’t all in,” says Wallace “I had somebody else run the business and make a lot of the decisions.”


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With rising usage of data, regulators are looking to increase the stakes for data security and its privacy. Several states and government bodies are starting to show they mean business when it comes to data protection.
The California Consumer Privacy Act (CCPA) is set to be implemented on January 1, 2020, carries several perks for consumers - ones that include giving consumers control over their data. Compared to the EU’s GDPR, CCPA carries stricter regulations.
The law requires companies to be more transparent and give users the ability to download and delete their data. The CCPA provides users the chance to opt out of sharing their data with third parties and demands significant changes to a company’s operations.
While the data proposal may give regulatory and legal bodies sharper teeth, the tech industry the short time span for implementation creates significant challenges for companies.
Many organizations are left with less than a year to create and enforce CCPA compliance programs. The privacy changes will equip consumers with the right to private action - but could potentially leave companies hampered if the move triggers an onslaught of privacy lawsuits against them.
It would allow users to sue companies such as Google and Facebook for monetary damages if they violate the law. Under the new law, companies could face heavy penalties per incident in class action lawsuits. It will give firms a 30-day window period to fix any wrongdoing before they face the consequences.
More regulations to come?
The move comes at a time when there is increasing backlash over the ways in which Facebook handles data privacy. The tech giant came under scanner after admitting that it exposed passwords belonging to more than 600 million users.
The incident came to light during a security review in January, when they found that the passwords were stored in a readable format in their servers. “This caught our attention because our login systems are designed to mask passwords using techniques that make them unreadable,” Pedro Canahuati, VP of engineering, security and privacy said in a blog. Although the issue has been fixed, over 20,000 Facebook employees had access to users’ personal data.
Given the company’s track record for data breaches and leaks, the public argued that companies should face stricter penalties when they wrongly disclose data of tens of millions of people.
What’s alarming is the fact that Facebook made about $35 in its recent quarter from each of its U.S. and Canadian users. This raises concerns over companies selling user information without their authorization - concerns which the CCPA hopes to negate with the new law.
What can we expect next?
However, reports suggest that the companies aren’t ready yet - a significant majority have a long way to go when it comes to implementing compliant-friendly tools. Companies will have to channel fresh investments into technology tools, and some expect to spend over $1 million towards ensuring compliance measures are in place.
For companies that operate across both Europe and the United States, six-figure expenses are bound to hit their budgets. This is assuming they only deal with one state. Other states such as Washington and Massachusetts are also looking at developing their own state laws.
Most companies are stranded in the exploration phase, trying to understand what exactly they need to do to match the CCPA’s requirements. Investing in CCPA-focused tech solutions can help companies understand how they’re impacted, plan effectively and allocate the right amount of capital to meet the new law’s requirements before the January 1, 2020 deadline.
What can companies do?
Compliance, product and security teams can work together to update services to be compliant with the CCPA, bearing in mind the key privacy provisions and consumer rights:
- Right to know: to request details about the data that has been collected, used, shared and sold, and the reasons behind those actions in the last 12 months
- Right of access and portability: receive the information covered by the “right to know” free of charge from a business within 45 days of a documented request.
- Right to opt out: at any time request that their personal information not be sold by a business that otherwise lawfully sells personal information to third parties
- Right to be deleted or forgotten: ask a business to delete all of their personal information that they have collected about them across any span of time.
- Right to nondiscrimination: not be retaliated against in any way for exercising their rights under the CCPA by the business (such as denial of service, differing prices or quality of goods and services)
- Private right of action: to file lawsuits to recover damages in the event of a breach of the CCPA
- Restrictions on collecting data of minors: minors’ information cannot be sold by businesses unless they are specifically given consent to do so.
As companies take steps to update their policies and handling of data to be compliant, product teams can begin to incorporate privacy-focused features. These features, such as explicit opt in, will help companies build trust with end users and consumers. While being CCPA compliant can remain a challenge, businesses that are successful and communicative with consumers will be able to get ahead of the pack and grow.


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Protecting You From Bitcoin Fraud
CREATOR: Larry Fenton has been an ironworker by trade for 26 years, holds a B.A. in history and political science from Chaminade University and a business certificate from the Wharton School of Business, and says he’s “been looking for a way to get into the computer field for a while.” His more than 10 years as an eBay seller prompted his interest in cryptocurrency and the start of his company CryptoAgency.
WHAT IS CRYPTOCURRENCY? It’s a digital currency not issued by a central authority like the Federal Reserve. Instead, you can exchange your dollar bills for one of hundreds of different types of cryptocurrency, such as bitcoin, and use that currency to make transactions without paying interest or hidden fees. “Businesses that accept bitcoin won’t have to pay a credit card fee. They’ll pay a much lower bitcoin-related fee,” explains Fenton.
WHAT CRYPTOAGENCY DOES: It’s a website that’s similar to Yelp – people sign up as users for free and write reviews about businesses. However, all of the 5,000+ businesses in CryptoAgency’s database offer transactions through bitcoin. “It’s mainly for consumers who want to take a look at companies that use bitcoin and decide whether or not they’re a good company to deal with, because there are a lot of shady operators,” says Fenton, adding that he started the business after dealing with a deceptive bitcoin company.
McKay Davis, co-founder of the local Meetup group Bitcoin Hawaii, agrees the bitcoin system needs a way to build trust because people have lost bitcoins to various companies and through multiple hacks of online wallets. “A trusted source that’s simple enough for the average consumer to use would be beneficial to bitcoin when it does take off,” says Davis. “It’s kind of marrying the old school Better Business Bureau model with the new school cryptocurrency.”
MARKET: Fenton says CryptoAgency’s database of businesses spans the world. Anyone can exchange their traditional money for bitcoin at coinbase.com and begin transacting with businesses that accept bitcoin. “That’s one of the safest and best methods to exchange U.S. dollars,” says Fenton.