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Retail traders are now jumping on the iPath Series B S&P 500 VIX Short-term Futures ETN (VXX) to create explosive upward momentum
The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), an exchange-traded note that aims to closely track the price of the CBOE or VIX volatility index, appears to be gearing up for an explosive rally, amplified by retail traders congregate on the popular Reddit forum, WallStreetBets.
Before discussing the factors behind the ongoing bullish impulse in VXX, let’s take a quick refresher course. Exchange Traded Notes or ETNs are complex financial instruments issued by a number of megabanks around the world. These instruments are essentially a liability to the issuing bank, which creates synthetic ETN shares to provide investors with exposure to a particular ETN. Barclays created VXX to closely track the price of the CBOE Volatility Index, colloquially known as VIX. When investors buy VXX shares, Barclays buys an equivalent position in VIX futures. Presumably, the bank would also hedge its exposure to adverse price movements (more on that later).
So how does VXX follow the price movements of the VIX index? Answer: arbitration. Under normal conditions, if the price of VXX rises relative to the VIX index, investors can sell VXX while buying the VIX futures, eliminating the price gap between the two instruments.
Barclays has now landed its ETN VXX, setting the stage for a high-stakes battle with retail traders
This brings us to the crux of the problem. On Monday, Barclays suspended the issuance of new shares on two ETNs: VXX and the iPath Pure Beta Crude Oil ETN (OIL). This was a very surprising decision given that Barclays was far from breaching its issuance limit on both ETNs. By way of illustration, against an authorized limit of $8.16 billion, Barclays has so far issued VXX shares worth just $859.6 million, according to a FactSet chart and based on information available until last Friday.
Keep in mind that VXX has been in vogue for much of this year, as the VIX index has reasonably soared amid the carnage in the broader equity universe. In this context, Barclay’s seemingly impulsive decision to suspend the issuance of new shares on VXX is charged with the utmost significance. We’d hazard a guess that the megabank was insufficiently hedged against adverse price movements in the underlying VIX index, prompting it to attempt to limit exposure through Monday’s surprise move.
With the background out of the way, let’s discuss what happens next. With no new equity issuance, the price of VXX essentially broke away from the underlying VIX index. Indeed, it is now impossible to use arbitrage to attempt to bridge the price differential between the two instruments.
How high $VXX bonus goes nobody knows. Closed at 5% last night. The situation resonates $TVIX in 2012, it ended up reaching 90%. Who knows if that might also turn into a discount. The point is that price is on its own now with no arb to help it stay close to fair value. pic.twitter.com/qzvgaBlMbj
— Eric Balchunas (@EricBalchunas) March 15, 2022
Essentially, VXX is now a financial instrument with no theoretical price cap. Moreover, shorting the ETN is also currently almost impossible because the activity requires excess supply – supply that no longer exists. Consider the fact that VXX is up more than 10% right now while the VIX index is down about 2%.
This emerging paradigm around VXX has now caught the attention of retail traders on the Reddit-based WallStreetBets forum. You can read the relevant post, titled VXX or Opportunity of a Lifetime.
While it is not yet clear whether VXX will be able to attract enough retailer interest, the price dynamics around the instrument are extremely conducive to strong retailer participation, especially in light of a previous precedent. As an illustration, the now infamous TVIX ETN was originally designed to track the volatility of the S&P 500 Index. On February 21, 2012, the ETN’s issuing bank, Credit Suisse, suspended the creation new shares, causing a rise of 90% in one month. However, the underwriting bank decided to resume issuing new shares on March 22, causing a historic drop in the price of the instrument as well as a host of lawsuits.
Given this precedent and the specter of heavy lawsuits if Barclays replicates the TVIX playbook, the megabank is likely caught between a rock and a hard place.
2021 will be remembered for the stock meme mania. Will 2022 be remembered as the year VXX exploded? We will know soon.


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Wednesday, May 20, 2020
CEBA Expansion: Yesterday, the Prime Minister announced an expansion to the eligibility criteria for the Canada Emergency Business Account (CEBA) to include many owner-operated small businesses. The changes to the CEBA will allow more Canadian small businesses to access interest free loans that will help cover operating costs during a period when revenues have been reduced, due to the pandemic. You can read the full release here.
AAFC Update on International Supply Chains
United States (U.S): On May 8, the United States Department of Agriculture (USDA) announced the reopening of 14 meatpacking plants following President Trump’s executive order to maintain the U.S. meat supply. With the reopening of plants, it is anticipated it will take several weeks before lost capacity is recovered. Part of the delay will be related to safety measures slowing production line speeds.
Europe, Middle East, and Africa: Agri-food supply chains continue to function at reduced capacity. Some of the issues facing the supply chain include: warehouses filling up quickly; a lack of availability of cargo flights for fresh produce (and increased prices); and road transportation subject to containment measures and border checks that may impede the free flow of goods.
European countries have started to ease COVID-19 measures, with several announcing plans to re-open the restaurant and food service sector. The UK and Russia are the latest countries to start easing restrictions with phased approaches.
Rest of Asia: Ports continue to remain operational throughout Asia. Congestion was reported due to a reduced work force and cargo remaining in warehouses for extended periods of time. Recent relaxation measures in many countries have facilitated movement and in countries with nationwide lockdowns, such as India, imports are now being reported near to normal. The increased use of online shopping and digital platforms, and the slow resumption of the foodservice and hospitality sector in some markets, is changing consumers’ demand for food products (e.g., flour in Japan grocery stores).
Food Service Recovery: COVID-19 has significantly affected the foodservice on a global-scale, cutting foodservice revenues, causing unemployment and interruptions in the global value chain.

domain: news


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Windows 7, Chrome, Firefox Most Popular, Says Security Survey
Independent lab tests of antivirus products are essential to making an informed selection. We wouldn't want to just rely on each vendor to tout the merit of their own products; they'd all be five-star winners. But it's also important that the labs pay attention to the people who rely on these tests. AV-Comparatives surveys users every year to see what kinds of tests they consider most important, check on their OS and browser preferences, and gather other useful information about the public's understanding of computer security issues.
This survey specifically excluded respondents who work in the computer security industry, focusing instead on ordinary users around the world with enough interest in security that they visited the AV-Comparatives website. Researchers also used statistical filtering to detect invalid responses or attempts to deliberately skew the results.
Mozilla Has No Plans for Firefox iOS App
Apple fans shouldn't hold their breath for a dedicated iOS Firefox browser, according to Mozilla's Jay Sullivan.
During a mobile browser wars panel at SXSW, Mozilla's vice president of product said that until Cupertino adjusts its attitude toward third-party browsers, Firefox will avoid Apple's iOS.
"Due to constraints with the environment and distribution, we cannot provide users the full Firefox experience on iOS at this time," Sullivan said in an emailed statement to PCMag. "We will continue experimenting with new technologies that move the Web forward and keep the user in control."
Apple's rules forbid browsers that don't use its version of WebKit, and prevent users from setting any non-Safari app as their default browser. Apple's Safari currently has more than 55 percent of the mobile/tablet browser share, according to Net Applications. Mozilla holds 0.01 percent.
First Firefox OS Phones Launching in 9 Countries, U.S. in 2014
BARCELONA - It's happening! Mozilla and a slew of mobile operators announced tonight at Mobile World Congress that the first Firefox OS phones will launch this year in nine countries, with others to follow. The U.S. will probably come in 2014, Mozilla CEO Gary Kovacs said.
Rather, the first Firefox OS phones, built by Alcatel, LG, and ZTE, will appear in Brazil, Colombia, Hungary, Mexico, Poland, Serbia, Spain and Venezuela, Mozilla said. Phones from Huawei will follow later, as will other country rollouts.
Mozilla showed off two phones at the event: the Alcatel One Touch Fire and the ZTE Fire. All the demos were done on the ZTE model, though, and even that wasn't entirely functional. Still, though, we will have an in-depth, eyes-on preview of Firefox OS on the ZTE Fire shortly.
Deutsche Telekom said the Alcatel One Touch Fire will go on sale in Poland this summer, with more Eastern European countries following in 2013. Telefonica added that it plans to launch in all of its markets by 2014.
In the U.S., Sprint has expressed support, but didn't come to the press conference or announce a device.
"Most of [Firefox OS's] growth is going to come from the emerging world," Kovacs said. "That's today where the Firefox OS devices will largely be aimed. As follow-on versions come, we'll ascend to the rest of the world and to different levels of consumer," he said.
Mozilla Unveils Firefox OS Developer Phones
Mozilla today unveiled two new developer preview phones that feature the browser maker's Firefox OS.
The phones - dubbed Keon and Peak - are being developed via Spanish phone maker GeeksPhonein partnership with Telefonica.
"This week we are announcing our new Firefox OS developer preview phones because we believe that developers will help bring the power of the web to mobile," Mozilla said in a blog post.
The Keon (above) is described as "light and versatile but also powerful." It features a 3.5-inch touch screen, 3-megapixel camera, and 4GB of storage, as well as MicroSD, MicroUSB, Wi-Fi, GPS, and more. It runs a 1-GHz Qualcomm Snapdragon S1 and a 1580mAh battery.
Firefox 18 Beta Promises Speed Boost, Retina Support
Mozilla today released a beta version of Firefox 18 that promises speed improvements, support for Retina display screens, and more.
The updated browser now supports Apple's Retina display for Mac users "to make Firefox even sharper when watching movies, playing games and browsing the Web," Mozilla said in a blog post.
Firefox 18 Beta will also allow users to disable insecure content on encrypted websites "to maintain the privacy of your communication with the website," Mozilla said. With Firefox 14, released in July, Mozilla started automatically encrypting searches conducted via Google's search engine in the browser's location bar, search box, or the right-click menu.
For those with touch-supported devices, Firefox 18 beta joins Internet Explorer 10 in adding support for W3C touch events. That means that websites that respond to touch, tracking your movements as you glide your finger across the screen, for example, will work in Firefox 18.
Mozilla Releases Test Version of Firefox OS
Mozilla this week released an early desktop version of Firefox OS that will let developers experience the mobile OS before comes to phones.
The builds are available for Mac, Windows, and Linux.
"We've been culturally challenged to build up a interested community of testers, but limited to our distribution of builds due to legal contracts," Mozilla's Tony Chung wrote in a blog post. "However, the release engineering team was able to get Daily desktop builds created and published online for anyone to play with."
Setup instructions are available on the Gaia/Hacking site. You'll need a Gaia profile to launch the build; without one you might encounter a black screen; more details are in Chung's blog post.
"If you're a web developer, you can use these builds to create and test your webApp against," Chung wrote. "If you're looking to help do some testing, these desktop builds will also give you an immediate opportunity to play with and help us write testplans and file bugs. We encourage anyone interested to give the desktop builds a spin."
Earlier this month, Mozilla announced that its standalone, mobile operating system - codenamed Boot to Gecko - will be known as Firefox OS, with TCL Communication Technology and ZTE as its first manufacturing partners.
The first Firefox OS-powered devices will run a Qualcomm Snapdragon processor and are expected to launch in Brazil in early 2013 via Telefónica's Vivo service, Mozilla said. Operators like Deutsche Telekom, Etisalat, Smart, Sprint, Telecom Italia, and Telenor have also committed to offering Firefox OS devices.
Firefox OS Smartphones Coming in 2013
Mozilla today announced that its standalone, mobile operating system will be known as Firefox OS, with TCL Communication Technology and ZTE as its first manufacturing partners.
The first Firefox OS-powered devices will run a Qualcomm Snapdragon processor and are expected to launch in Brazil in early 2013 via Telefónica's Vivo service, Mozilla said.
Operators like Deutsche Telekom, Etisalat, Smart, Sprint, Telecom Italia, and Telenor have also committed to offering Firefox OS devices.
"Firefox Mobile OS can help us drive an HTML 5-based platform for creating lower cost smartphone options for prepaid, postpaid and wholesale customers," Fared Adib, product chief at Sprint, said in a statement.
Firefox OS comes out of Mozilla's Boot to Gecko project, which was first announced in July 2011. As Johnathan Nightingale, senior director of Firefox engineering, told PCMag at this year's Mobile World Congress (MWC), Firefox OS is intended to do away with the "walled garden" approach of today's modern mobile operating systems, like Apple's iOS and Google's Android.
Boot to Gecko, Mozilla said today, "unlocks many of the current limitations of web development on mobile, allowing HTML5 applications to access the underlying capabilities of a phone, previously only available to native applications."
Firefox 13 Finally Adds New Tab Page
When you open a new tab in Internet Explorer, Chrome, Safari, or Opera, you'll see helpful links to recent, favorite, and most visited webpages. For several years now, Firefox has been the only browser that shows nothing but a blank white page when you open a new tab—until today.
Announced today on the Mozilla blog, Firefox 13 is a lucky one for those who've been yearning for some new tab assistance. And it's not just the new tab page that's been redesigned; Firefox users also get a new default homepage with the new release.
Firefox's updated new tab page, as in a lot of other things, mimics Google Chrome most closely. As in Chrome and Opera, Firefox's new tab page shows thumbnails of your most recently and frequently visited sites. And as in the other browsers, you can customize what's on these thumbnails, and they shrink and enlarge as you resize the browser window. You can also remove sites and pin and unpin them to the new tab page. But you can't specify which sites to include: They're chosen by frequency of your visits.
But where Google's browser only offers your most visited sites, Web apps, and recently closed tabs, the large icons on Firefox's new homepage give access to bookmarks, history, settings, add-ons, downloads, and sync preferences with shortcuts.
Mozilla Releases Firefox 12 With Silent Updates
Mozilla on Tuesday released Firefox 12, which incorporates silent updates, among other enhancements.
The browser maker initially promised silent updates - or updates that occur in the background - with Firefox 13, but the feature has made its way into today's release.
"Firefox simplifies the update process for Windows users by removing the user account control dialog (UAC) pop-up while maintaining the security of your system," Mozilla said in a blog post. "Once a user gives explicit permission to Firefox on their first installation, they will not be prompted again for subsequent releases."
Last year, Mozilla switched to a Chrome-esque rapid release cycle, which means that it releases new browser versions at a faster clip. In the past, it might have been more than a year between browser versions, but this year alone, Mozilla has already released Firefox 10, 11, and 12. With the silent updates incorporated into Firefox 12, users won't be interupted by multiple prompts to update to the latest version of their browser.
Mozilla Promises Silent Updates With Firefox 13
One day after the release of Firefox 11, Mozilla on Wednesday provided an update on its progress and gave fans of its browser a peek at what's to come in 2012.
That includes silent updates with the release of Firefox 13, the company revealed.
Mozilla touted the 2011 addition of "do not track" technology, the release of Firefox for Android, and the switch to a rapid release cycle, among other things.
"In 2011, we made 10,881 enhancements/changes to Firefox, together with 83 new features and 135 new APIs," Robert Nyman, a technical evangelist for Mozilla, wrote in a blog post.
If Mozilla had its way, version numbers would be a thing of the past, but they remain because "new versions have had cases of non-backward compatible APIs, and the version number have been there to signal that it is not a minor release or maintenance update," Nyman wrote.


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“Apple is planning to unveil a song-discovery feature in an update of its iOS mobile software that will let users identify a song and its artist using an iPhone or iPad, said two people with knowledge of the product, who asked not to be identified because the feature isn’t public,” Adam Satariano reports for Bloomberg.
“Apple is partnering with Shazam Entertainment Ltd., whose technology can quickly spot what’s playing by collecting sound from a phone’s microphone and matching it against a song database,” Satariano reports. “Apple is set to preview the latest update of its mobile software, called iOS 8, at its annual developer conference that kicks off on June 2 in San Francisco.”
“The song-identification feature will be integrated into the mobile software in the same way that Twitter Inc.’s service is currently incorporated, meaning consumers don’t need to separately download it,” Satariano reports. “Among the ways it can be used will be through Apple’s voice-activated search feature, Siri. An iPhone user will be able to say something like ‘what song is playing,’ to find out the tune’s details, one person said.”
“Apple also has been mulling making iTunes Radio a stand-alone app instead of including it as a feature inside the iTunes store, one person said. A final decision hasn’t been made,” Satariano reports. “Apple also has been exploring whether to release a subscription-music service that would compete more directly with Spotify, Rdio Inc. and Beats Music LLC. Apple has built the service internally, yet has held off on releasing it to avoid slowing download sales, one person said.”
Read more in the full article here.
MacDailyNews Take: If true, Shazam integration will be a nice feature. Certainly more convenient that having to launch a dedicated music identification app. Rival song-ID apps will feel much pain.
As for a standalone iTunes Radio app: Yes. Do it. The more ways for users to find and use it, the better.
We’re still stunned that iTunes Radio is so hidden within the OS X iTunes app. It’s in the main Music menu on iOS devices. Why not iTunes? And, why is the application “iTunes” on the Mac, but “Music” on our iPhones and iPads? Cripes. Consistency is your friend, Apple… Even in its current state (very good, not insanely great), iTunes Radio will become the world’s #1 streaming radio service, thanks to basic math. Steve Jobs would not be content with that. Apple should redouble their efforts with the goal of making iTunes Radio the world’s best streaming radio service in every way. — MacDailyNews, November 11, 2013
[Thanks to MacDailyNews Readers “Fred Mertz,” Dan K.,” and “Michael P.” for the heads up.]
Should Apple to break up iTunes? – April 16, 2014
Apple preps UK iTunes Radio launch – April 15, 2014
Apple shows a hint of panic over iTunes Store – April 15, 2014
Why Apple shouldn’t bring iTunes to Android or something – April 15, 2014
Underwhelming start to iTunes Radio lights fire under Apple; iTunes Store may get dramatic overhaul – April 9, 2014
The curious design decisions of Apple’s iTunes Radio – April 1, 2014
With iOS 8, Apple may give iTunes Radio to its own app to boost usage – March 12, 2014
Apple’s iTunes Radio already 3rd most popular music streaming service in USA – March 11, 2014
Apple delivers iTunes Radio to Australia – February 10, 2014
Parts of Apple’s iTunes Radio service flicker on in Australia, UK, and Canada – January 25, 2014
iTunes Radio heats up music streaming battle as service spreads beyond U.S. – December 14, 2013
Apple releases iTunes 11.1 with iTunes Radio – September 18, 2013


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Hewlett-Packard, Dell and IBM rolled-out new servers on Tuesday based on Intel's latest Xeon 5600 microprocessors, which promise better performance and power consumption.
Desktop processor technology took a significant step forward this month with the unveiling of six-core processors by both Advanced Micro Devices Inc. and Intel Corp., analysts say.
Intel invested an undisclosed amount in social media incubator Betaworks to gain insight into real-time user behavior on social networks, the chip maker said on Thursday.
Intel unveiled its newest flagship processor for the desktop market, the Core i7 980x Extreme. The CPU pushes the envelope by including six physical cores, and hyperthreading technology to virtualize twelve cores--its almost like having twelve comput...
Intel is standing by its promise for a March release of its next generation Xeon processors.
Chip giant Intel, a major backer of the movement to provide mobile WiMax wireless broadband to Internet users around the world, expects the next major release of the technology to be deployed starting in 2012, an executive said Tuesday.
Intel acknowledged Monday that at least one counterfeit version of its Core i7-920 processor made its may into the U.S. market, and said it's trying to determine how many more are out there.
Intel Corp. today announced it is shipping to electronics manufacturers its first processor platform customized for home servers and small office network attached storage (NAS) systems.
EMC, Intel and VMware are joining forces to improve security and regulatory compliance in cloud computing with a proof of concept to be demonstrated at this week's RSA Conference in San Francisco.
Advanced Micro Devices on Tuesday said its first six-core processor for desktops will ship in the second quarter of this year.
A European online retailer has started selling Intel's first six-core processor for desktops before the chip's official release by the hardware giant.
Intel faces challenges in migrating from Windows XP to Windows 7, including application incompatibility and system readiness, the company said on Wednesday.
Intel Capital and other venture capital firms will invest US$3.5 billion in U.S. technology firms over the next two years, and Intel and 16 other large U.S. companies will step up their hiring of U.S. college graduates, especially those in computer s...
Intel announced a new initiative aimed at growing the tech job market in the United States and jumpstarting innovation and investment in the tech sector. The Invest in America Alliance is committed to investing US$3.5 billion private-sector dollars i...
Xilinx, which makes a range of chips often used in communications gear, plans to release its first 28-nanometer chips by the fourth quarter of this year to lower costs and attract new customers as the world pulls out of recession.
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Unlike the pastel shade used by Jelena Jankovic for her Reebok U.S. Open dress, two other players amped up their kits with some neon yellow for the fall hardcourt season. Feliciano Lopez and his Joma Sport outfits continue to impress, following up a bold red Davis Cup uniform with this current bright yellow/grey colorway.
Turning it around: The Spaniard had gone 0-6 since Cincinnati until last week’s ATP stop in Vienna. He reached that semi (falling to Pletzchner) and now faces Rafa Nadal in a quarterfinal match at the Mutua Madrilena Masters Madrid.
And before Venus Williams decided to adopt Borat‘s style, she wore an EleVen dress for U.S. Open day matches that ranks as one of the best designs the American has come up with so far.
It wasn’t lost on us that the dress’ pink logo had matching pink skivvies. We can only hope that Feli‘s kit has the same.
Buy: EleVen store locations here; Joma goods here.
(photos by Getty Images)


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March 25, 2021 @ 08:55 +03:00
The massive container ship that ran aground in the Suez Canal, halting traffic in one of the world’s busiest waterways, is still stuck after little progress appeared to be made on Wednesday to dislodge the ship. The ship, called the Ever Given, became horizontally wedged in the waterway following heavy winds. Multiple tugboats were sent to the scene to assist in the re-float operation, which can take days.
Around 6:30 p.m. ET Bernhard Schulte Shipmanagement, which is the technical manager of the vessel, said the ship was still aground with re-float efforts ongoing. “Dredgers are working to clear sand and mud from around the vessel to free her. Tugboats in conjunction with Ever Given’s winches are working to shift the vessel,” the firm said.
Bernhard Schulte added that there were no reports of injuries among the 25 crew members, and that no cargo has been damaged. Initial investigations have ruled out mechanical or engine failure as reason for the grounding.
The enormous cargo carrier is more than 1,300 feet long and about 193 feet wide. It weighs more than 200,000 tons. One end of the ship was wedged into one side of the canal, with the other stretching nearly to the other bank. The 120-mile long man-made waterway is a key point of global trade, connecting a steady flow of goods from East to West. verything from consumer products to machinery parts to oil flows through its waters.
The accident comes as the global supply chain already struggles to keep apace with demand. The shortages have been most acute in the chip industry, forcing automakers to suspend operations.
Ever Given, the massive cargo ship that ran aground in the Suez Canal, is still stuck, CNBC, Mar 25


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Man’s best friend has landed Charleston at the top of another list.
According to realtor.com, the Holy City and its surrounding beaches are No. 1 when it comes to dogs.
The ranking is based on the percentage of households that own a dog; number of dog parks, trails and beaches; number of dog-friendly restaurants and bars; number of pet service providers; and affordable dog-walkers.
The report says 68 percent of households in the Charleston area own a dog.
“The rapport between humans and dogs in Charleston goes way back, long before the city was named one of the most dog-friendly cities by Rover.com,” according to realtor.com. “Poogan’s Porch, one of the city’s oldest restaurants, was named after the dog that began parking himself on the, um, porch in 1976. After being adopted by the owner, Poogan served as the restaurant’s official greeter.”
The report goes on to say, “Apart from dog parks and trails, dogs can also enjoy the area’s five dog-friendly beaches. Isle of Palms and Sullivan’s Island beaches even allow them to go off-leash at certain hours (depending on the season). The beloved Yappy Hour summer music series at James Island County Park features music and beverages for dog owners and their pups all summer long. You can even take your hound with you on an old Charleston Ghost Tour! For protection, of course.”
The report says 54.4 million, or 44 percent of, households in America, own at least one dog, according to the American Pet Products Association survey. Those with cats come in at 35 percent.
People also spare no expense when it comes to pets. Spending on pets more than doubled from 2001 to 2015, going from $28.5 billion to $60.28 billion, according to the APPA.
Others on the Top 10 list, in descending order, include Temecula, Calif.; Las Vegas; Scottsdale, Ariz.; San Diego; Austin, Texas; Tampa; Fort Collins, Colo.; Atlanta; and Seattle.
Nexton, a master-planned community in Berkeley County near Summerville, recently hit a milestone with its 100th home sale in the state’s first gigabit development of super fast Internet speeds. The 4,500-acre community, with more than 8,000 homes eventually, is at Interstate 26 and U.S. Highway 17-A and is being built by WestRock Land and Development. A new interchange on I-26 at Mile Marker 197 will open in 2018 next to the mixed-use site.
The price of homes in the Charleston-North Charleston market continues to rise.
Property information service CoreLogic reports prices, including distresses sales, jumped 4.8 percent in May compared to the same month last year. On a month-over-month basis, home prices rose 1.1 percent in May from April of this year. The service does not provide actual home prices. Distressed sales include foreclosures and bank-owned transactions.
Nationally, home prices rose 5.9 percent in May over May 2015 and jumped 1.3 percent in May from April.
“Price appreciation continues to be fairly broad-based across the U.S.,” said Anand Nallathambi, president and CEO of CoreLogic.
Boosted by several high-profile transactions, William Means Real Estate, one of the oldest real estate companies in Charleston, posted a record sales month in June. Among those transactions was the $7.51 million sale of the pre-Revolutionary War James Simmons House at 37 Meeting St. It was the second-highest amount ever for a residential property on peninsular Charleston.
During June, the company sold more than $45 million in real estate with the average home price of just more than $1 million. Those sales included the second-highest sale of the year on Isle of Palms and the highest sale of the year in Mount Pleasant’s I’On neighborhood.
Founded in 1933, William Means offers offices in downtown Charleston and in Mount Pleasant.
Reach Warren L. Wise at 843-937-5524 or twitter.com/warrenlancewise.


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More consumers took to their smart phones this past Friday, known as Black Friday, at the expense of shopping online with a desktop computer, finds Akamai Technologies, a Web-services company.
Consumers using mobile devices accounted for 57.6% of online shopping on Nov. 23, compared with 35.9% for those using desktop devices. That compares to 51.2% for mobile and 39.1% for desktop on the 2017 Black Friday.
Cambridge, Mass.-based Akamai said its prediction that mobile would continue to grow this holiday shopping season has been borne out. “We see no signs of mobile online sales dropping through the remainder of the holiday season; it will continue its growth at the expense of desktop,” the company said in a report.
Mobile showed gains in the conversion-rate metric, too, which measures the percentage of site visits that result in a sale. For mobile this past Friday, the average conversion rate was 2.72%, up from 2.46% in 2017. The desktop conversion rate was 5.12%, down from 5.41% last year.
“Mobile is tricky because customers have less patience, are more prone to abandon a transaction [because] they are still not as confident in mobile,” Ari Weil, Akamai vice president of product marketing, says in an email to Digital Transactions News. “Mobile provides fewer signals than desktop, so the experience must be flawless to capture conversions and revenue from mobile shoppers.”
The importance of this for merchants is the need to simplify the checkout experience, Weil says. “Fewer steps, smarter forms to take advantage of increasingly intelligent smartphones (e.g. know it’s an email field, allow pre-filling from saved data in a browser), and better support for mobile payments. “
Perhaps not wanting to be left out, criminals, too, made online fraud a priority. Akamai said it measured 3.2 billion retail-specific bot attacks and 38 million credential-stuffing or abuse attacks on Black Friday. Such attacks can swamp retailer anti-fraud efforts and sap their ability to filter out bad actors.
Credential stuffing is a serious issue for merchants because a criminal can pretend to be a legitimate consumer if the correct combination of passwords and user names can be used to gain account access.
U.S. retailers were the most heavily targeted, accounting for 74.3% of attacks, followed by United Kingdom, 6.7%, and Italy, 5.5%.


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AkzoNobel Opens Dulux Concept Store in Shanghai
February 11, 2019
AkzoNobel has opened an interactive, concept store in Shanghai. The company uses digital technology and personalized services to reportedly make painting less complicated and more fun. The store showcases Dulux’s color expertise and sustainable product features.
The store makes use of online and offline tools to create a one-stop immersive experience. Featuring more than 200 colors from the Dulux range, as well as samples of paint textures and patterns, the company notes that experts are also on hand to provide counseling and real-time demonstrations of customized designs and colors chosen by customers via apps and in-store virtual reality devices.
“We are making personalized total solutions—color, products and services—into a full experience for the consumer,” said Dr. Lin Liangqi, president of AkzoNobel China and business director of the company’s Decorative Paints business in North Asia. “The Dulux concept store makes our color and product expertise readily accessible with digital tools. When people walk into the store, we hope our passion for paint inspires them as they create their own modern, colorful and dynamic living spaces.”
According to the company, the store helps make repainting and decorating easy, highlighting Dulux’s professional renewal services and the effect of soft furnishing materials, such as curtains and wallpapers. The store also includes an artistic installation and display showing the evolution of the Color of the Year.


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|By Marketwired .||
|February 25, 2014 11:34 AM EST||
BOSTON, MA -- (Marketwired) -- 02/25/14 -- PXT Payments, provider of looped in, an electronic mobile payment system (watch the video), has partnered with Boston College Athletics and integrated its mobile payments system in Conte Forum, the venue for all Boston College basketball and hockey games. The venture squares off by offering money rewards for students, alumni, and sports fans at large at Conte Forum. The rewards can be used at the arena or around town at participating restaurants and stores.
"Having a full mobile payment system integrated into Conte Forum raises the bar for the user experience for a fast and easy alternative way to pay from a fan's mobile device," said Jamie DiLoreto, Associate Athletics Director of Athletics at Boston College. "We are pleased to enhance the partnership between BC Athletics and looped in and look forward to promoting the exciting incentive offer they are rolling out to fans."
looped in is integrated into Conte Forum's point-of-sale (POS) system, QuestVenueManager, so using the app is simple. When standing in line, fans will use their mobile number to pay instead of handing over a credit card. Then they simply key in a secure looped in PIN on their smartphones, and instantly receive a digital receipt. All Spring Semester, users will also receive instant money: The first time they load $10, they'll see a free $5 added to their balance, and the $5 load reward is given once a month after that. Every time users spend $5, they get another $2 free, instantly. The balance on the app home screen will immediately add the money rewards.
Some students at BC, and their parents, already think looped in is perfect for college students.
"I like paying with looped in because there are no security risks," said Emily Zlevor, a sophomore at Boston College. "When placing food orders over the phone, giving a restaurant my 10-digit phone number is easier, more convenient and safer than giving the restaurant my 16-digit debit card number."
looped in's full mobile payment system also appeals to Zlevor's mother, who especially likes the free friend-to-friend money transfer feature. "I can send Emily money safely through my looped in account by simply entering her phone number into the app," said Anne Zlevor. "It's the easiest system and most convenient way to electronically move funds."
Green, fast, and fun, the app ups the ante for the mobile pay user experience, as well as for universities implementing the system. "PXT Payments has been a valued marketing partner of Boston College Athletics over the past year," said Matt Murrey, vice president of marketing partnerships at Fenway Sports Management. "We are excited that Boston College has integrated the looped in mobile payments application in Conte Forum so BC basketball and hockey fans can now take advantage of this new technology when purchasing food and beverages at concession stands."
Fans at Conte Forum can also test out the app's group purchasing feature. Friends waiting in line together at a concession stand can send money for the food they want to one person's looped in account with the Friend to Friend free money send feature. By the time it's their turn, the one friend can pay for the whole order at once, getting them all back to their seats faster.
"There are many ways any school can use a mobile payment system, and all schools are different," said John Regan, CEO of PXT Payments. "We are excited to see which features become favorites at Boston College, and to help the college tailor the payment system to suit its campus culture."
ABOUT looped in and PXT Payments:
looped in is a complete electronic payment system that combines the convenience of a mobile application with the simple transparency of a cash transaction. With looped in, consumers can transact both online and in line with PIN-based security, redeem offers as part of a transaction, send friends deals they're not using and instantly send friends money. looped in offers merchants features that strengthen customer loyalty, reduce risk and eliminate the complexities that come with other electronic payment methods. It is truly a social payments product. Founded in 2004, PXT Payments has been processing electronic payment transactions since 2005. PXT Payments has redefined payments through its social payment product, looped in.
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Pure and simple.
That’s what the United Food and Commercial Workers Wine and Spirits Council is implying will happen if we privatize alcohol sales in Pennsylvania.
Through a new video produced by Strategic Communications Consultants of Blue Bell, PA, which represent s a long list of unions, we’re told that “Thanks to current laws, and the effectiveness of the wine and spirits stores employees, Pennsylvania has the lowest death rate associated with alcohol consumption in the nation.”
But is that claim true?
To answer that question, I shared the video with David McCorkle, who is the President and CEO of the Pennsylvania Food Merchants Association, a statewide trade association representing supermarkets and convenience stores. His initial reaction? “This is obviously an ad intended to stir the emotions of the people viewing it.” His opinion about the accuracy of the study referenced in this commercial? “The study did not, in any way, correlate this type of sales system we have in Pennsylvania to those illnesses or to other social indicators like traffic accidents or traffic fatalities. As I view it, there is no validity to this ad,” adding, “Our highway fatalities rate is 35th out of 50 states when it’s alcohol related.”
Hmmm. But wait. The union is saying PA is the safest state. Which one is it?
McCorkle pointed me to the Pennsylvania Chamber of Business and Industry, who issued a press release disputing the claims made by the union. In it, the Chamber says, “In reality, Pennsylvania doesn’t have the lowest rate of drunk-driving fatalities; the state’s rate is actually higher than the national average. Mothers Against Drunk Drivers ranks Pennsylvania among the 15th worst states for DUI safety, with 34 states ranked better. In addition, according to the U.S. Department of Health & Human Services, Pennsylvania ranks worse than the national average in underage drinking, binge drinking and underage binge drinking. The union commercial references CDC stats on alcohol-induced deaths, which includes liver disease and alcohol poisoning, not DUI-related traffic fatalities.”
Harry R. Levin, a North Wales, PA attorney who specializes in DUI defense, concurred. “The commercial shows no association between the death rate from DUIs and the state store’s involvement. The ones against privatization are grasping at straws.”
So since the facts don’t appear to be supporting the commercial’s claims, I wondered whether the video was simply as a scare tactic?
Why not ask that to someone who was a UFCW union member?
Erin O’Connor, a former ACME Markets cashier and UFCW dues-paying member, was more than happy to oblige: “The video gives the impression that current liquor store employees can influence customers driving habits after drinking, which is completely false. Clerks do not have any influence on customers once they walk out the door. The communication between clerk and customer ends when the customer exits the store.”
“I support liquor store privatization in Pennsylvania. The state government should be enforcing liquor laws -- not marketing and selling alcohol,” said O’Connor, who now serves as the elected Tax Collector for the Borough of Downingtown in Chester County, adding, “Pennsylvania taxpayers will greatly benefit from the revenue of selling the liquor stores.”
Contact John Featherman at firstname.lastname@example.org


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At least one firefighter was injured and a shop cat remains missing after a Fifth Avenue pet supply store caught fire Wednesday afternoon.
The blaze broke out at Park Slope Pet Supplies between 21st and 22nd streets just before 4 pm on May 26.
Smoke engulfed the shop as FDNY personnel attempted to subdue the fire, and New York’s Bravest broke windows on the second floor of the building to allow for fresh air.
At least one smoke eater was injured in the blaze.
Firefighters rushed their fellow hero out on a stretcher as the shop’s owner — who was standing on the sidewalk screaming for the shop’s cat — refused medical attention.
The feline, last seen inside the store, has not yet been accounted for.
FDNY did not immediately respond to a request for additional information.
The blaze is not the store’s first struggle since the pandemic broke out. The vendor reportedly faced eviction last fall, and launched a last-ditch online fundraiser to help save the business, all while owner Peter Papadatos donated to local animal rescues and parishes in need, Patch reported.
His GoFundMe has raised more than $17,000 toward a $30,000 goal — and features a photo of the pet shop’s cherished cat.
This story is developing. Check back for updates.


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What does the future look like for Milwaukee restaurants?
On this week's episode, we have a lot of sad news to share about restaurants closing and events being canceled, although we also have some silver linings to those cancellations and some good news to share about Glorioso's reopening. I also give a happy update about how elevated my dim sum game has become (I made fried shrimp balls recently and they turned out awesome). And of course we share our cookbooks of the week. Stream and read about the episode below.
Ann wrote a featured story for Milwaukee Magazine about Milwaukee restaurants that gave her hope during this pandemic. She wrote it during the first weeks of the shutdown, as she watched bars and restaurants close amid all the uncertainty. And many of these businesses were quick to respond, offering curbside pick-up,or delivery, even if they'd never offered delivery before. She reached out to some of her favorite restaurants to figure out how they're adapting. And of course The Tandem's community outreach efforts are mentioned, too.
"There will be restaurants that don’t make it through this 'safer at home' period, and I feel heartbroken for them," Ann wrote. "But I also feel hopeful that this period will create new business models that bridge some of the gaps. There will always be the need for places that feel like home, in all its incarnations. Going forward, perhaps we will see more restaurants that feel like home for a broader section of our community."
We also have a conversation about what the future may hold for restaurants, and whether the current curbside model is tenable. We'll also see how this summer's patio season plays out: Will it help diners adjust to the idea of eating around other people again? And will the state change some of its laws to help restaurants in need? Could we see beer deliveries in the future?
Gloriosos will reopen in June
Glorioso’s Italian Market has announced its reopening date. The store will open on June 2 after the store closed mid-March as a result of the COVID-19 pandemic. The main grocery store at 1011 E. Brady St. will reopen to only curbside pickup and delivery. Meanwhile, an express market will open in the store's smaller space across the street. Kudos to them for considering the health and safety of their employees and customers.
Glorioso's online menu is already impressive. They'll have a full selection sardines, cheeses, breads and doughs, frozen foods, pastas and even pasta makers.
In other news, Garlic Fest, hosted by Braise Restaurant, has been canceled. But Braise is planning to offer a Garlic Fest rescue kit from June 19-26 so you can still have those garlic Bloody Marys and pork buns.
West Allis's restaurant scene has been hit especially hard by the pandemic. This week the city saw three permanent closings: Farmer's Wife, Crawdaddy's and Johnny V's Classic Diner have all permanently closed their doors. It's sad to see that happen. Unfortunately, this is probably just the tip of the iceberg. Restaurants are the life blood of the community, and they're really struggling right now.
Hear us discuss all that below.


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- Shares in London take a sharp downwards turn
- Inflation concerns remain
- Ocado hit by fire at fulfilment centre
Risk is firmly off this morning with European stock markets slipping in early trade, led lower by the travel and energy sectors. US futures are weaker after Friday saw the first down week on Wall Street in four. Bank earnings were strong, but markets have already discounted an exceptionally strong reporting season. Meanwhile concerns about variants, rising cases and declining vaccine efficacy are all conspiring to knock confidence. The FTSE 100 slumped to a 2-month low in early trade as it retreated well south of 7,000. US 10yr Treasury yields hover around 1.28 per cent but are off the low hit earlier close to the 200-day SMA. I think we are already in a high summer lull for stock markets.
Inflation was the big story last week and remains the big question mark hanging over markets. Consumer expectations have shot higher – the University of Michigan released its report on Friday showing consumers think prices will rise 4.8 per cent over the next year. Earlier in the week the CPI print hit 5.4 per cent. As expressed in these columns on many occasions, the risk was always that expressing a tolerance for inflation to run hot via average inflation targeting, the Federal Reserve was letting inflation expectations become unanchored, leading to a period of sustained high inflation.


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Canton travel agents inspect the province of Alicante
International tourism in the province of Alicante has been experiencing almost unprecedented growth over the last couple of years, with passenger numbers at Alicante-Elche airport soaring to well over 12 million last year and the popularity of the Costa Blanca remaining undiminished by the Brexit vote, but the provincial tourist board continues to look for ways to increase the number of visitors still further by opening up new markets.
One of these is the enormous population of China, and this week a delegation of travel agents from the Chinese province of Canton (population approximately 14 million) is visiting Alicante as guests of the Costa Blanca tourist board. The intention is to spread the word about the attractions of Alicante, and during the week the Chinese agents will be visiting a variety of destinations including Altea, Xàbia, Dénia and Xaló as well as the provincial capital.
At the same time, they will be sampling the local cuisine, evaluating the hotel accommodation on offer and visiting the fish market in Denia and a winery in Xaló, exploring some of the many temptations which they can then offer to their customers back home in south-eastern China.


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Radical Angle has just launched a new technology for full 3d camera tracking. With RadStudio, camera tracking has never been this easy before. Combining special ChromaScreen with robotic vision technology, the result is total solution for virtual broadcast studio platform.
RadStudio will enhance the realism of the virtual studio system with real-time shadow and reflection effects, and automatic matching key process. The operation will then become more user-friendly and without hardware sensors like before. RadStudio can be integrated seamlessly into any existing workflow and come ready for mission-critical broadcast with hand-holding training, 24-7 on-site service, and readily spare parts support.


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Sears lays off 220 workers, most at Hoffman Estates headquarters
Sears Holdings Corp. said Wednesday it is laying off about 220 workers, the majority of those at the corporate headquarters in Hoffman Estates.
The cuts will be effective immediately, Sears Spokesman Howard Riefs said. "Positions in various business units and roles across the organization" are part of the latest layoff announcement, he said.
Leaders in Hoffman Estates were notified of the cuts Wednesday. Hoffman Estates Village Manager Jim Norris said the village was told that about 150 of the workers were being cut from the suburban office campus.
The company further told the village the employee number on the campus would remain above the 4,250 threshold to receive property tax benefits through the village's Economic Development Area authorized by the state.
At no time has Sears Holdings claimed to have fallen below that threshold, which the village asks the company to certify each fall, Norris said.
The company would not say how many people are employed in Hoffman Estates. "We're not sharing a specific figure," Riefs said.
The announcement is yet another blow for Sears, which has been shuttering stores and selling off assets to bump up its financial numbers in the midst of sliding sales. And Sears has borrowed money from its biggest investor, Edward Lampert, a billionaire hedge fund manager who also serves as Sears' chief executive officer.
"The company continues to achieve significant progress in our restructuring program, with actions taken in fiscal year 2017 to realize $1.25 billion in annualized cost savings," Riefs said.
Earlier in January, the retailer, facing increased competition from Amazon and Walmart, said it was closing more than 100 locations under the Sears and Kmart names. That includes 64 Kmart stores and 39 Sears stores that will be shuttered between early March and early April.
That's in addition to closing about 250 stores announced last year.
• Daily Herald staff writer Eric Peterson contributed to this report.


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While auto sales have improved this year, the gains have been underwhelming to say the least. But today's election results could provide a meaningful lift to the economy and moribund auto sales, some industry observers speculate.
AutoNation CEO Mike Jackson looks for improvements in consumer sentiment and the economy after the vote. “This election is pivotal,” Jackson said last week. “Washington has gotten in the way of this economic recovery.”
He looks for Republicans to be elected to rebalance Congressional leadership. If that happens and “Washington can get out of the way of the recovery, I'm pretty optimistic,” Jackson said.
October sales results, which will be released today and tomorrow, are expected to be among the strongest of the year despite some signs of weakening during the last week.
Edmunds.com CEO Jeremy Anwyl said late last month that stock market gains and/or election promises could be helping consumer confidence.
“Good news typically feeds on good news, so hopefully the trend continues,” Anwyl said. We should see decent activity in November and December, when there are traditional sales periods that draw in shoppers.”
In Oregon, Lithia executives are looking for today's election to help business prospects in its home state. Lithia President Bryan DeBoer said last week that Oregon, with its fairly high tax rates, needs greater balance in its economy and political culture.
“And we'll see some of that,” DeBoer said. “These mid-term elections could change a little bit and help our state.”


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Today is Cyber Monday, the busiest online shopping day of the year, when experts say three out of four employees will use their workplace devices to shop for holiday bargains. According to New Jersey 101.5’s Joe Cutter, that can add up to a whole lot of lost productivity… Read more.
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One in ten US broadband households plan to buy a smartwatch in 2015, however, 84 per cent of them won't spend over $250 on the device, according to recent wearable research.
The survey, from Parks Associates, suggests that the price point of $100 (£65) to $250 (£160) is roughly equivalent to a high-end fitness tracker.
In addition, the study reveals that those who are willing to spend more than $500 (£320) on a smartwatch will only buy one if it works without a smartphone.
This is bad news for Apple as it means that not everyone will likely to purchase an Apple Watch, because of its current tethered setup and most especially because of its price tag. which begins at $349 (£225)
Based on these results, it seems likely that cheaper smart watch makers will come out on top in terms of US sales this year as most people are expected to opt for devices at lower price points such as the Pebble Time (opens in new tab) or Motorola Moto 360 (opens in new tab).
"Fitness applications are the most popular use cases for smartwatches," Park Associates health and mobile product research director Jennifer Kent said. "But music and weather applications are also popular, showing consumers value the multi-functional quality of the smart watch."


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hundreds of millions of dollars to Toyota Canada, which is really a Japanese investment.
Toyota Motor Manufacturing Canada Inc. (TM-N83.600.150.18%), backed by the federal and Ontario governments, will unveil plans Tuesday to invest about $500-million to finance productivity and production improvements and green initiatives at the auto maker’s two Ontario assembly plants.
The governments will each invest about $60-million, said sources familiar with an announcement to be made at the company’s plant in Cambridge, Ont., by Gary Goodyear, federal Minister of State for Science and Technology, and John Milloy, Ontario’s Minister of Training, Colleges and Universities.
More related to this story
- 940 Toyota Prius cars recalled in Canada for steering issue
- Toyota back at full throttle in North America in September
- Toyota accelerates production ramp-up
The Toyota funding is a response to the first of what is expected to be a new round of requests from auto makers seeking financial help to upgrade their Canadian plants as product mandates now held by those plants expire and as the companies seek ways to offset the billions of dollars they are spending to meet new fuel economy regulations.
The projects Toyota is examining include an upgrade to the paint shop at the assembly plant in Cambridge, which assembles the Toyota Corolla compact sedan and the Lexus RX350 luxury crossover utility vehicle, industry sources said.
The projects could lead to increased production in Cambridge and at a nearby plant in Woodstock that puts together the RAV4 crossover, the sources said. A federal government source said that could lead to more jobs at the two plants, which now employ about 6,500 people.
Improving productivity has been identified as one of the key challenges facing Canada’s manufacturing industry, especially as manufacturers deal with the impact of the high value of the Canadian dollar.
The announcement comes as Toyota struggles to get the two Canadian plants back to full production following the March earthquake in Japan, which severely disrupted the operations of parts suppliers there.
The Cambridge facility is the only Toyota plant outside Japan that assembles vehicles for the company’s luxury Lexus franchise.
It is one of the three plants that tied in the annual J.D. Power and Associates annual survey of initial quality. The Cambridge plant shared the platinum award with a Lexus plant in Japan and a Honda Motor Co. Ltd. plant in Greensburg, Ind., which turned out vehicles with the fewest defects and malfunctions.
Much of that dedication to quality comes from strong leadership, the hiring of capable people and the willingness of Canadian workers to be trained, industry sources said.
“The issue is, can you train them enough to offset a Canadian dollar trading at $1.03 (U.S.)?” one source said.
Doesn't this just warm you heart? I am not saying that the government should not step in and help where they can but this is
not the kind of help they should be providing. There are other sectors out there who need help as well and the government is
doing nothing to help.
Agriculture and other programs go without or face cutbacks in budgets yet the foreign car companies can slap a Canada
behind their name and line up for money. 500 million for foreign interests nothing for post secondary education students and
We are shelling out treats more often that kids get once a year for Halloween


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5 things you don't need to know but might want to and the Rams go green
Whipping up sales: As fast food restaurants are adding low-cholesterol egg white sandwiches to their menus to appeal to health-conscious customers, the price of egg whites has soared, benefiting suppliers such as Michael Foods, which is being acquired by St. Louis-based Post Holdings. Michael Foods' CFO recently told analysts during a conference call that the markets "continued to be driven by the high demand for egg white products across the food service and retail channels."
Missouri ranked as a "Top 25"' state in which to do business, according to Chief Executive magazine's annual Best & Worst States for Business survey. Missouri jumped nine points in the past year, which was more than any other state, to land in the No. 22 spot.
A gold watch owned by Babe Ruth sold for $650,108 at an auction in Southern California.
Accountant, Client Accounting Cassidy Turley | Saint Louis, MO
Salesperson Coldwell Banker Gundaker | Saint Louis, MO
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Fright Fest Performers/Entertainers - Six Flags Six Flags St. Louis | Eureka, MO
Retail Warehouse Associate Harbor Freight Tools | Saint Charles, MO
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A new report from entertainment intelligence specialists, MIDiA Research and Twitch has revealed that artists are far more likely to earn more money performing live on Twitch than streaming their music online.
The report highlights Twitch as the perfect platform to intimately reach a fanbase, something that musicians can learn from the gaming industry.
It's been no secret that the music industry has been in a state of transition since online streaming became the primary source for listeners. While for some it has democratised power structures and earning potential, there are still vast amounts of money not reaching the artist and instead, lining stakeholders pockets, just like the old days.
With a platform such as Twitch, artists are able to broadcast performances directly to their fanbase and as such is a growing revenue stream. Something that has become a necessity for some, in the past 12-months.
For musiciana, tapping into a rich gaming platform such as Twitch can only be a good thing, as Mark Mulligan, managing director at MIDiA Research explains: “For many, live streaming started out as a solution towards creating a live experience between artists and fans in the midst of the pandemic.
"However, its rising popularity, as well as growing opportunity, calls for the music industry to take a page out of the games industry and understand that digital intimacy is the key to opening the box to monetizing fandom.
"The benefits can be multiplied when they are taken to music fans who are also gamers, audiences that will most quickly understand and translate the concepts of digital fandom across to music.”
The report also takes a look at ways in which you can best monetise your performances on the platform, be it from fan-supported streaming contributions; fan subscriptions; Verch, premium comments and emotes; in-game spending revenue shares; and a share of advertising and sponsorship revenues.
With the ability to gain instant global reach, develop your own community and obtain direct monetisation, maybe now is as good a time as ever to diversify your musical outlet with a platform like Twitch?
You can download the full report, Music & Gaming: a new way to play, free from the MIDiA Research website now.


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In the everybody is talking about the growth of the BRICs , the group that consists four countries: Brazil , Russia , India and China who have undergone a great development in the last twelve years. China emerged immediately by its disproportionate amount of people who are potential customers (and real) luxury goods.
Brazil, has a population of 200 million, six times less than that of China and India, with 1.351 billion people, and 1.237 billion people respectively (2012) , but interestingly is more prepared and willing to consume luxury among all of them.
All this because Brazil is the country that certainly has a culture more accessible, as well as being a Western country, which added a lot of cultures in the U.S. and Europe as a whole is economically a capitalist country with democratic philosophy and open to international news. But at the same time that it becomes easy for those who want to be in the luxury market , barring difficulties in a very serious issue that is Brazilian culture, a way of being very characteristic of the Brazilian people , especially in relation to barriers languages .
Contrary to what might be imagined, the number of people in Brazil who have mastered the English language which is the language most widely spoken in the world, is not expressive, not reaching 25 % of the population, which is a big barrier business. This was due because of decades of military dictatorship, which strongly blocked contact with the international market, blocking cultural exchanges and business. This has been mitigated thanks to the arrival of the World Cup and the Olympics, which has accelerated the number of people who are learning foreign languages.
In the case of Brazil, the international luxury brands, need to use smart criteria, and create a Brazilian language, a concept that brings together the essence of the brand to the Brazilian way of being, and preferably in Portuguese , which is the official language of Brazil .
Brazilians are living a moment of historic prosperity, never before has there been so much money in the hands circling around, and they love to be conquered and conquer, so this approach is essential to full success .
And best of all, is that Brazilians are so very loyal to those who treat them well.
Brazil is increasingly becoming a highly fertile soil for international luxury brands and has profited greatly from it.
And who is smart is not left out of this .
by Claudio Prado Jr
Journalist, entrepreneur, television presenter and director, consultant and communications specialist in the luxury market.
With 20 years of experience in the communications industry, has been operating for more than five years specifically serving customers in the luxury market and abroad who seek a position of prominence in the Brazilian consumer market, working as an integral consulting projects in communication and brand image , and press relations, public relations and management. Moreover a collaborator of various magazines, websites and media focused on the luxury market.


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On August 31, US Customs and Border Patrol (CBP) officers seized 2,000 counterfeit Apple Airpods from Hong Kong destined for Nevada at an air cargo facility located at John F. Kennedy International Airport. They were so proud of the capture, they issued a press release on September 11.
OnePlus released the OnePlus Nord earlier this week and just a few days later, it is getting another update with build number OxygenOS 10.5.2 carrying July 2020 security patch and bringing support for OnePlus Buds among others.
OnePlus becoming the first smartphone company in the United States to successfully connect to T-Mobile's standalone (SA) network with a commercial device.
OnePlus is to invest almost USD 30 million to scale up 5G research and development labs. Having started 5G research as early as 2016, OnePlus plans to extend its plans to push 5G research and development forward.
One feature that most OnePlus smartphone users have been waiting for is wireless charging, a feature that the company is yet to introduce
OnePlus is to offer a bug bounty offering up to $7,000 USD to security experts who discover and report potential threats to OnePlus’ systems. The company has also partnered with HackerOne, a hacker-powered security platform as part of its efforts to better protect users from cyber threats.


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TALLAHASSEE, Fla. (Legal Newsline) - Florida Attorney General Pam Bondi announced settlements Wednesday with five of Florida's largest prepaid debit card companies requiring both reforms and penalties.
Unirush LLC, Net Spend Corporation, Green Dot Corporation, First Data Corporation and Account Now Inc. allegedly failed to properly advise consumers of important fees and used misleading claims that the companies' cards would help to build a positive credit history.
Under the terms of the settlements, the companies will be required to provide conspicuous and clear notice of fees and will be prohibited from making future misleading claims about the ability of prepaid debit cards to build a positive credit history.
"The reforms we are requiring will protect consumers by providing them with the information they need in order to make sound financial decisions, and they establish standard business practices among Florida's largest prepaid debit card companies," Bondi said.
Collectively, the companies will pay $115,000 to the Central Florida Chapter of Junior Achievement.


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National Grid has proposed a 21 percent increase in current electricity rates for this coming winter season.
By: LINDA BOCK |
National Grid recently filed on Tuesday with the Massachusetts Department of Public Utilities and electric customers will see a significant increase in their bills due to higher power supply prices.
National Grid asked for a 21 percent increase in current electricity rates.
If approved, starting in November, the electric supply price for Massachusetts residential electric customers will be 13.1 cents per kilowatt hour. As a result of these market prices, a typical residential customer would see an electric bill that is 21 percent higher than their current bill and 9 percent lower than last winter’s bill (when accounting for additional bill adjustments made throughout the year), the company posted on its website.
The typical residential customer’s monthly bill starting Nov. 1 will be $110.18, compared with a current bill of $90.82 or November 2014 bill of $121.20.
Due to continued gas pipeline constraints, the electric supply prices remain volatile and relatively high, though not as high as last winter, according to National Grid.
“National Grid remains concerned about volatile and unpredictable electricity supply prices our customers are subject to,” said Marcy Reed, president of National Grid in Massachusetts in a statement. “We urge Massachusetts residents to take full advantage of energy efficiency tips and other solutions such as payment programs that can help stabilize their bills.”
The new electric supply prices will be in effect from November through April versus the current prices in place from May through October. The section of the electric bill where customers will see the difference is called Supply Services. This section of the bill represents the cost of the electricity the company purchases on behalf of customers and passes on without a markup. This winter’s price represents a 41 percent increase from the current residential electric supply price and a 19 percent decrease from last winter’s price.
National Grid does not generate electricity and plays no role in determining market prices; the company delivers electricity to the homes and businesses of customers, according to company officials.


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Non-resident Spanish property owners who sold their property prior to 2008 may be due a GST tax refund after being unfairly taxed at 35% as opposed to only 15% for residents.
Investigation was sparked by a lawsuit filed against the Spanish tax authorities by an elderly British couple, who felt they had been overcharged on GST upon sale of their holiday home. They had to pay more than twice the amount of tax that a resident would have paid.
As the incident escalated, the European Commission found that to be a discrimination against non-resident EU citizens. After repeated warnings, the Spanish government has amended the law so now the same flat 18% of GST is charged, regardless of seller residency.


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Uber has made its way to Longview. The ride-sharing program launched this afternoon.
Uber has been making its way across Texas the last few months. Most recently in East Texas, Texarkana, Lufkin, and Nacogdoches have all launched the program.
The goal is to bring Uber to almost every city across Texas over the next year. This summer they started in the Rio Grande Valley and have been working their way up.
For your first ride in Longview, enter the code "LONGVIEW" for up to $15 off your first ride.


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The sun is shining on Coronal Energy.
The Pasadena solar panel installer and operator has grown its revenue by a rate of 4,316 percent since its founding in 2013, generating $30 million in sales last year. Driving that growth is a red-hot solar industry, said Jonathan Jaffrey, the company’s chairman and chief executive.
BUSINESS: Solar panel installer, operator
TWO-YEAR REVENUE GROWTH: 4,316 percent
2015 REVENUE: $30 million
“The renewable energy space is one of the bright spots in the economy now,” he said. “We are in an industry that has the wind at our back.”
Installation of solar panel power capacity is projected to grow 119 percent this year to 16 gigawatts, according to GTM Research.
Moreover, Coronal has found a way to streamline the process of installing panels, which often requires several independent parties to coordinate financing, engineering, and construction. Instead, the company has created a one-stop shop.
“We tried to design out the friction points,” Jaffrey said. “There have been very few players that have the financial capital to amass those things under one roof. We were able to understand the operating needs of each of those places under the development curve.”
The company’s growth has placed it at No. 3 on the Business Journal’s list of Fastest Growing Companies this year. (See page 30.) In fact, Coronal appears to be ahead of a coming trend, said Andrew Yakub, chief executive of solar panel manufacturer Rayton Solar and founder of ReGen America Inc., a solar panel installer.
“As the price of solar comes down, and it’s coming down quickly, we are going to see a lot of companies that are integrating everything under one umbrella,” he said. “It will become a mainstream industry.”
Coronal has funded its vertical integration through the backing of Japanese battery maker Panasonic Corp., which gained a minority stake in the startup by investing $13 million total across two separate installments – the first in December 2014 and the second this September. Panasonic has an exclusive relationship with Coronal to develop solar panel systems equipped with its batteries in North America, which the solar panel installer plans to roll out at an undetermined date.
“We are in a very capital-intensive business, so we’ve had to have good partners,” said Jaffrey, adding that Panasonic is not aiming for short-term results. “I think the nice part of having a Japanese partner is they are long-term oriented.”
Coronal, which has 113 employees, generates the majority of its revenue from selling its solar panel systems mostly to utilities in California. It also lists municipal governments, school districts, and corporations as customers. Coronal’s president, Ed Feo, is the co-founder and former managing director of USRG Renewable Finance, an affiliate of Santa Monica investment firm US Renewables Group.
Once its systems come equipped with Panasonic’s batteries, buyers will be able to store power that can be used in peak usage periods and sold to utilities.
In the long run, Coronal aims to generate the majority of its revenue from selling energy generated by its solar installations. The company owns and operates 14 sites across North America that generate more than 120 megawatts of power, including a site in Lost Hills, which sells energy to Southern California Edison.
“To continue to fuel growth we do need to sell systems,” said Jaffrey. “But at some point … we’ll hit a tipping point where we’ll own and operate, if not all our systems, at least a majority. Our long-term focus is to continue to grow that portfolio and energy ownership.”
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The Hip Hop/Skateboard influenced eyewear line selects the buxom beauty as the focal point of Summer 2012 Collection
LOS ANGELES, CA (June 8, 2012) – Fitness star and model Rosa Acosta will make her debut as the face of9Five Eyewear in its Summer 2012 Campaign. Expanding her reach from men’s magazine covers and rapper videos, the Dominican Republican native adds the popular urban-meets skateboard-world eyewear company to her list of lifestyle features.
“Working with Rosa was a pleasure throughout. She completely killed it for the 9Five Summer 2012 Campaign,” adds founder and extreme skateboarder Mike Metcalf. Bringing sexy to sporty, Rosa Acosta adds just the right touch to the hot summer collection roll out. Making headlines as the summer kicks off, the sought after model will also release her first “Body by Rosa Acosta” workout DVD and fitness clothing line, establishing herself as a thriving entrepreneur.
The urban eyewear company boasts many celebrity and Hip-Hop star clients, making its mark in today’s street fashion arena. Its “9Five” moniker loosely represents the year 1995, a classic era in the skateboarding street world and Hip-Hop culture. With the absence of a stylish eyewear brand that catered to extreme sports enthusiasts, Metcalf decided to create his own 9Five collection that launched in 2009. “Taking inspiration from a classic era, along with the counter culture that supported it, 9Five Eyewear draws vibe and style from the skateboarding obsessed crate digging niche that thrived during this golden era,” Metcalf explains.
With collections designed by the likes of Steve Williams, Josh Kalis, Karl Watson, Eli Gold and rising star Jordan Hoffart, 9Five continues to pave an authentic path, creating premium eyewear from its roots — the skate lifestyle culture.


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Beef Buzz News
Everyone Has a Role in Beef Sustainability, says Debbie Lyons-Blythe
Wed, 17 Aug 2022 05:02:29 CDT
Senior Farm and Ranch Broadcaster, Ron Hays, got the chance to visit with Kansas rancher and chairlady of the U.S. Roundtable for Sustainable Beef, Debbie Lyons-Blythe, talking about individual’s roles in beef sustainability regardless of their place in the beef value chain.
“I think sustainability has been a conversation going on for a very long time,” Lyons-Blythe said. “It began as a very top-down from corporations pushing down regulations and expectations to cattle ranchers and I realized in some of the conversations that I have been a part of, that conversation wasn’t going to stop whether we were a part of it or not. I realized early on that if we were a part of it, maybe we can direct some of the information.”
In the U.S. Roundtable for Sustainable Beef, Lyons-Blythe said, producers make up more than half of the members and are involved in the entire decision-making process.
“I encourage everybody asking questions and trying to see for themselves to come to a meeting so they can see what we are up to,” Lyons-Blythe said. “The U.S. Roundtable gets to make their own decisions. We defined what sustainability is, we decided how we are going to measure it, and we also decided that we are going to measure it all along the value chain.”
The USRSB is not just taking about sustainability at the farm and ranch, Lyons-Blythe said, but also the part everyone along the value chain plays in making improvements that will impact beef sustainability.
“We have been working for a very long time deciding what we can measure,” Lyons-Blythe said. “Figuring out how we can truly communicate sustainability and what that really means. In our spring meeting we finally were able to roll out our industry-wide sustainability goals for the entire beef industry- the first of their kind.”
The sustainability goals for the entire beef industry, Lyons-Blythe said, have targets for every sector along the value chain including targets outside of the farm and ranch.
“A sustainable operation means that we take care of the land, we take care of the animals, we take care of the people, and we make money,” Lyons-Blythe said. “It doesn’t just mean legacy, it doesn’t just mean passing it on to our kids, but that has to be part of it, right. It also means that we are a viable business, and we are doing the right thing by the animals and the land. That is what is important and that’s what we aim to show.”
Online, the USRSB offers a self-assessment tool that introduces what sustainability can mean for an individual’s farm or ranch. This tool, Lyons-Blythe said, offers key factors to measure sustainability and provides self-assessments for different sectors outside of the farm and ranch such as a retail or food service.
“We don’t gather any of that information, so nothing is saved,” Lyons-Blythe said. “If you want to be able to compare it year to year, you have to be able to save that yourself, so we do not want to be the keeper of the data.”
The USRSB’s online self-assessment tool can be found at usrsb.org under the resources tab. To visit the self-assessment tool online, click here.
Click the LISTEN BAR below to hear more about beef sustainability from Ron Hays and Debbie Lyons-Blythe.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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