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What our columnists got right and wrong in 2021
TORONTO, Dec 31 (Reuters Breakingviews) - Every year, Breakingviews’ hive mind puts together predictions and prescriptions for the future. As the pandemic taught those engaged in fortune telling, it’s a mug’s game. But that never stops our intrepid columnists from going out on a limb and conjuring up thought-provoking and original ideas about what will, or should, happen in corporate finance, money and markets in the year ahead.
As the planet grapples with a third year of the Covid-19 pandemic, it’s fair to say that we may have subscribed to glass-half-full thinking with the title of last year’s book, “The World Emerges". While there hasn’t been a complete bounce-back, there have been some signs of a return to normalcy. Here are some of our greatest hits and misses from the year just ending.
One big hit: We predicted it would be a golden era for rainmakers. The value of global mergers and acquisitions increased by more than two-thirds, judging by the first 11 months of Refinitiv data. True, some of the corporate marriages we predicted didn’t actually happen: Walt Disney (DIS.N) held on to ESPN read more , and Netflix (NFLX.O) and Amazon.com didn’t scoop up any large theater chains read more .
Deutsche Bank (DBKGn.DE) and Commerzbank (CBKG.DE) didn’t reunite (but they still probably will). And Tesla (TSLA.O) is still worth more than other carmakers, even without buying Daimler (DAIGn.DE). U.S. airlines didn’t consolidate read more , but never say never: The sector hasn’t fully recovered and debt has grown for European and American carriers.
There’s plenty else that went our way. The relationship between U.S. President Joe Biden and Chinese President Xi Jinping remains frosty as ever read more . Anthony Tan, boss of Southeast Asia’s Grab , did indeed step into the limelight read more : The super-app went public after a $40 billion merger with a blank-check company. European soccer’s attempt to create a Super League, as well as cap salaries as a proportion of revenue, confirmed our prediction that professional clubs would adopt an NFL-like model – even if it ultimately ended up collapsing read more .
We said there would be a boom in second-hand luxury goods
, and that high-end fashion houses would seek to invest in the space. Kering (PRTP.PA) bought a 5% stake in resale platform Vestiaire Collective; Valentino and others followed suit with their own initiatives. Among the bigger picture predictions we foresaw a pickup in U.S. inflation in 2021 . Consumer prices rose 6.8% in November compared with a year earlier, the largest annual increase since 1982.
Others were closer calls. We said Microsoft (MSFT.O) should buy messaging platform Discord . The companies held talks in March, according to Reuters, although Discord has gone it alone for now. We thought HSBC (HSBA.L) Chief Executive Noel Quinn could turbocharge his lucrative Asian business by selling the bank’s U.S. retail network and spinning off its UK unit read more . In May, HSBC did the former, but not the latter. BlackRock (BLK.N) brought shareholder democracy to some of its biggest clients, which account for a bit more than one-fifth of the fund’s $9 trillion assets under management allowing options to vote more directly at companies .
And Beijing’s warning against the rapid data-center buildout, which runs contrary to its carbon-emissions goals, was in some ways a realization of our prediction about a growing consciousness around tech infrastructure, suggesting it could still become green activists’ next target read more . That will still probably come to fruition.
The U.S. gambling opportunity
, which we said was one of 2021’s better bets, came to light in high-profile deals like those involving Golden Nugget (GNOG.O) and Scientific Games (SGMS.O), and lured players like Las Vegas Sands to the table, even if others warned it could take years to build out.
The omicron variant of Covid-19 might still be spreading rapidly as 2021 winds down, but vaccines are more widely available and cities are bouncing back read more . New York and London remained in the top spots in the Global Financial Centres Index in 2021.
In what was perhaps our best stock pick: The tech behind the Moderna (MRNA.O) and BioNTech jabs, mRNA, drove up their combined market capitalization to $160 billion, compared with $120 billion in December last year read more . Surging sales made both companies profitable.
In the year ahead, the big transitions driving economies and companies – decarbonization, digitalization, new ways of working, the end of the combustion engine and so on – will prove many of our prognostications correct...or not. Either way, we promise they will continue to provoke.
Follow @sharonlamhk and @alpgomez on Twitter
Column by Sharon Lam in Toronto and Amanda Gomez in New York. Editing by Rob Cox, Antony Currie and Thomas Shum
Our Standards: The Thomson Reuters Trust Principles.


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(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Richard Beales
NEW YORK, March 7 (Reuters Breakingviews) - Mr Market has slashed Apple’s (AAPL.O) market value by $260 billion in six months. Meanwhile, the combined worth of a wide group of smartphone and tablet rivals has added less than half that. If investors think Apple is fading, the competing Android complex could be worth far more – to someone.
The 40 percent slide in the iPhone and iPad maker’s shares since their high last September – cutting Apple’s market capitalization to a mere $400 billion or so – reflects a range of factors including concerns about the company’s product pipeline and how it can put its $137 billion cash pile to better use. A big issue, though, is the threat as rivals like Samsung Electronics (005930.KS) catch up with Apple’s technology, many using Google’s (GOOG.O) Android operating system.
Yet over the same period as Apple’s decline these two big competitors (though their businesses go far beyond mobile devices) have seen their market values rise by only about $35 billion each. A broader assembly that might benefit if Apple loses out includes at least another 15 companies like BlackBerry BBRY.O(BB.TO), Nokia NOK1V.HE, Amazon (AMZN.O), Sony (6758.T), Dell DELL.O, cellphone groups Verizon Communications (VZ.N) and Sprint Nextel (S.N) – which stand to make more money on Android devices than on Apple’s – and even Web names like Facebook (FB.O) and Yahoo YHOO.O.
There are other reasons some of these firms have increased in value since September – Michael Dell’s planned buyout of the company he founded, for instance. But take all their gains, ignore the share price decreases at Microsoft (MSFT.O), chipmaker Intel (INTC.O) and HTC (2498.TW), a Taiwanese handset producer, and they still add up to only around $120 billion of new market value.
One way of interpreting this is that some $140 billion has gone missing from the present value of future smartphone and tablet profits. Of course, investors aren’t always rational, and Apple now looks undervalued. Moreover the Android complex can’t easily be defined, and less obvious constituents may have gained in value. Then again, Apple’s wide profit margins are no secret. Perhaps the message is that companies simply won’t make as much as investors thought – because competition will erode profitability. In that case, the missing billions have gone from Mr Market to Joe Consumer.
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- Apple’s shares closed at $425.65 on March 6, giving the company a market value of about $400 billion. Their all-time closing high was $702.10 on Sept. 19, 2012.
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- For previous columns by the author, Reuters customers can click on [BEALES/]
(Editing by Rob Cox and Martin Langfield)
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Apple's iPhone reinvented the smartphone market, made apps commonplace and brought millions of customers to AT&T. And the iPhone platform, which accounts for a big chunk of Apple's profit, keeps improving as multiple rivals target the device.
Articles about iPhone
Sickweather is a new iOS app that proactively warns you when you're entering an area where a lot of sickness has been reported.
Android, iOS and Blackberry top Dice's list of top search terms used by hiring managers at the tech job posting site.
Google continues to roll out enhanced services for the iPhone, including Google Play All Access Music and improved voice-enabled Google Now.
This was the week to spend time with super large phones and then enjoy putting the Moto X and iPhone 5s in your pocket. Kevin and I chatted about the latest in mobile technology.
There's an iPhone app that connects to collaboration services and automatically keeps team managers updated with what everyone's doing.
The iPhone and iPad maker rolls out the latest version of its mobile platform, including fixes and updates to its Spotlight search engine and iCloud Keychain.
MapQuest is reportedly the third most popular mobile navigation application and number two on the desktop. Their new iOS 7 and Android application update offers a compelling navigation experience.
Jawbone announced their third version of their UP band, the UP24, along with the new iOS 3.0 software. Wireless syncing and real-time notifications are designed to help improve life.
The lure of a new phone has me thinking about upgrading the iPhone 4s. What I can't decide is if I want the new iPhone 5s or another Android phone.
People may lust for iPhones, but IDC's numbers show that globally people buy Android smartphones.
Apple's latest high end smartphone should always better than the last one and the iPhone 5s proves that with a better processor, improved camera, useful fingerprint scanner, and more.
A display industry expert thinks that the trend toward curved displays in gadgets has merit. Here's why.
As people start to look for a smartphone for someone special this holiday season, there are a ton of outstanding choices.
Rumors are circulating that Apple is working on an iPhone with a large, curved display. But would Apple risk its flagship cash cow in order to go chasing after Samsung and LG?
If you're going to be in Philadelphia this weekend, you're invited to attend the PPUG meeting on Saturday at noon. We're going to discuss and demo Apple's bumper crop of new hardware and software.


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The Government of St Lucia announced earlier today that effective
23 March to 5 April 2020, all non-essential services will be
This as a precaution to the presence of the Coronavirus(Covid-19) in that country.
As such Super 6 which is a multi-jurisdictional game, will be
suspended in all sites.
After the Super 6 draw # 2005 dated Friday March 20, 2020, Super
6 sales will be deactivated at all points of sales throughout the
The Next Super 6 draw is slated for Tuesday April 07, 2020. Tickets already purchased for future draws will be honored when draws resume.
We at the National Lotteries Authority (SVG) Ltd will continue to follow proper hygiene practises to safeguard the health of our employees and our valued customers.


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Deckers Outdoor Corporation
In theory, the decision to invest in a product lifecycle management (PLM) system shouldn't be a hard sell, with well-documented benefits inc...
As winter's bony hand tightens its icy grip in the UK, Ugg boots are at peak popularity on the high street....
| 21 Jan 2014
The retail industry's NRF 'Big Show,' which took place in New York last week, is an annual opportunity for retailers to tap into the latest technologies for improving everything from customer analysis to mobile commerce.
| 17 Jan 2013
Having spent much of the past 12 to 18 months developing offerings for both customers and staff across multiple touch points, the next challenge facing fashion brands and retailers is to connect the multi-channel dots as stores, desktop and mobile channels merge.
| 15 Feb 2006
The Scandinavian fashion scene is booming, and it is not just fashion companies that are creating the ‘Scandinavian look.’ This was clear from the very well accessorised fashion trend shows at two recent Danish trade fairs: Copenhagen International Fashion Fair (CIFF) and Copenhagen Vision.
| 8 Feb 2006
The latest trends in sports footwear and clothing are not just based on high technology - as Penny Leese found out at ISPO, the international trade fair for sports equipment and fashion.
| 31 Jul 2015
Apparel and footwear group Deckers Brands has said currency headwinds will impact margins for the full year, after reporting a steeper first-quarter loss.
| 29 May 2015
Apparel and footwear group Deckers Brands said it ended 2015 with “solid momentum” as it revealed an increase in sales and moved to a profit in its fourth-quarter.
| 15 Apr 2015
Connie Rishwain, president of Ugg and fashion and lifestyle brands at apparel and footwear group Deckers Brands, has stepped down to pursue other interests.
| 8 Apr 2015
Apparel and footwear group Deckers Brands has appointed Wendy Yang as president of its Teva brand as it looks to evolve its outdoor positioning and further penetrate the global footwear market.
| 17 Mar 2015
Ugg boot business Deckers Brands has promoted omni-channel chief Dave Powers to the role of president.
| 30 Jan 2015
Ugg boot business Deckers Brands recorded a double-digit third quarter profit rise thanks to revenue boosts from Ugg and the company’s other brands.
| 21 Jan 2015
Apparel and footwear group Deckers Brands has promoted David Lafitte to the position of chief operating officer.
| 14 Jan 2015
Online retail group Shop Direct has backed Black Friday after group sales rose 4% in the Christmas period against “extremely strong” comparatives from last year.
| 19 Dec 2014
Jeff Kelley, the founder of Sanuk footwear, a division of Deckers Brands, is to transition from an active role at the company to take up a new project at the end of the year.
| 21 Nov 2014
Beleaguered business The Wet Seal has appointed company executive Thomas Hillebrandt to the role of interim chief financial officer.
| 24 Oct 2014
Footwear specialist Deckers Outdoor has revealed second-quarter earnings and sales that beat analyst estimates.
| 22 Sep 2014
Ecological leather manufacturer ISA TanTec is responding to growing demand for locally produced leather in the US shoe industry with a new tannery due to begin operations in January 2015.
| 18 Aug 2014
British footwear brand Dr Martens has appointed Deckers Outdoor executive Steve Murray as its chief executive officer.
| 11 Aug 2014
Footwear specialist Deckers Outdoor has gained LEED (Leadership in Energy and Environmental Design) silver certification for its corporate headquarters.
| 25 Jul 2014
Deckers Outdoor is back on the trajectory for earnings growth, an analyst has said, despite the US footwear specialist revealing a widening in first-quarter losses.
| 28 May 2014
The US Supreme Court has declined to hear an appeal by footwear specialist Deckers Outdoor on whether its Ugg boots should be subject to a lower import duty.
| 23 May 2014
The most-read stories on just-style this week include a court ruling that Deckers Teva sports sandal is not a sports shoe, the reaction by Nike and Adidas to claims toxic chemicals are in some World Cup products, and an insight on the made-in-US focus at Texprocess Americas.
| 19 May 2014
The US Court of Appeal has ruled that Deckers' Teva sports sandals are classified as other slip-on footwear and not as sports footwear.
| 25 Apr 2014
Deckers Outdoor Corporation has moved to a loss in its first-quarter but reported sales that beat its estimates.
| 10 Apr 2014
Deckers Outdoor Corporation has promoted its vice president of consumer direct, John Kalinich, to head up the group's omni-channel and e-commerce operations.
| 24 Mar 2014
Deckers Outdoor Corporation has opened its first-ever "innovation lab" that will serve as testing ground for new technologies and merchandising approaches aimed at improving the omni-channel experience.
| 3 Mar 2014
Stephen Murray is to step down as president for Europe, the Middle East and Africa (EMEA) at footwear specialist Deckers Outdoor Corp at the end of the year.
| 28 Feb 2014
Footwear specialist Deckers Outdoor Corp said its fourth-quarter performance capped off "a year of solid strategic progress" as it booked increases in both earnings and sales.
| 28 Jan 2014
Footwear specialist Deckers Outdoor Corp has announced a series of senior management changes, including the promotion of Constance Rishwain to group president of fashion and lifestyle brands.
- Euro decline weighs on Turkish clothing industry
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- Mexico makers see rise in exports and local demand
- VF Corp confirms interest in Africa sourcing
- Asian union development and the Western response
- UK retailers to answer over human trafficking
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- Sustainable Textiles for Apparel: Fact, Fiction and Future Prospects


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Schneider Electric SA of France made a $30 billion preliminary bid for Tyco International Ltd., people familiar with the matter said. But Schneider publicly distanced itself from an acquisition Wednesday, after reports it was considering the Switzerland-based conglomerate drew a poor reception from investors.
Early Wednesday, Schneider threw cold water on the possibility of a deal, saying it "is not currently in discussion with Tyco International regarding a potential strategic transaction." Schneider said in a written statement that it was responding to "market rumors" and wouldn't comment further.
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A bakery chain boasting of Hawaiian doughnuts malasadas came to Austin this year in the form of a farmers market stand this year. Wiki-licious North ATX opened at the Round Rock Farmers Market at 201 University Oaks Boulevard as of January 6.
The star of Wiki-licious’s menu is the malasada — fried, yeast-based, eggy, fluffy doughnuts with Portuguese and Hawaiian roots that are rolls in sugar and oftentimes filled with custards and jams. The Round Rock farmers market’s menu includes options like guava and cream cheese, strawberry and whipped cream, key lime, raspberry, coconut, chocolate, and mango, which are sold by the box.
The farmers market stand is run by franchisees Mily Mena and Jeph Chery with their daughter Nayeliz. The couple’s daughter had spent some time in Hawai‘i with her aunt and family in 2023, where she had malasadas for the first time. When she came back, the family tried to find the sweets in Texas, which is when they discovered national chain Wiki-licious. They visited the Killeen location and tried some of the sweets. “One bite into a passionfruit malasada and I was transported back to growing up in Puerto Rico,” Mily writes to Eater. “The passionfruit, guava, and mango malasadas gave me the warm and fuzzies.” That’s when they decided to embark on the franchise in the Austin area.
While the Round Rock location is currently operating out of the farmers market, Mena and Chery want to open a physical location and a food truck under the Wiki-licious name.
Wiki-licious the chain started by Amy Johnson in Alaska, where she started off by selling malasadas and shaved ice at events. he doughnuts were popular, so she turned it into a proper bakery in June 2020. And then she started franchising out the company. There are Texas locations in San Antonio, Galveston, Lubbock, and the Dallas-Fort Worth area; plus Alaska, Arizona, Arkansas, Colorado, Idaho, Nebraska, New Mexico, and Utah.
Wiki-licious North ATX is found at the Round Rock Farmers Market on Saturdays from 10 a.m. to 2 p.m.


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By JUSTIN M. NORTON, Associated Press Writer Mon Sep 18, 6:17 AM ET
SAN FRANCISCO – The number of people sickened by anoutbreak traced to tainted spinach rose to 109 on Sunday, as federal officials announced more brands recalling their products.
"This is unquestionably a significant outbreak in terms of E. coli," said Dr. David Acheson, chief medical officer with the‘s Center for Food Safety and Applied Nutrition.
Meanwhile, the company linked to the outbreak, Natural Selection Foods LLC, announced that its work with federal and state heath inspectors confirmed that the contamination did not come from its organic spinach.
nutrientrich.com: Proper food handling is critical for the purity and safety of our food supply. While eating raw foods may be your desire, cooking does not significantly reduce the nutritional value of your foods. If you do have any raw spinach in your home and you feel unsafe eating it, then throw it away. However the FDA did assure, boiling would kill the bacteria.
Manufacturing codes from packages of spinach that infected patients turned over to health officials all were from non-organic spinach, the company said in a statement late Sunday. Natural Selection packages both organic and conventionally grown spinach in separate areas at its San Juan Bautista plant.
The outbreak has prompted Natural Selection, the world’s largest producer of organic produce, to recall 34 brands. They include the company’s own labels and those of other companies that had contracts with Natural Selection to produce or package its spinach.
On Sunday, River Ranch Fresh Foods of Salinas, Calif., added to its recall spring mixes containing spinach that were sold under the labels Hy-Vee, Fresh N’ Easy, and Farmers Market, FDA officials said. All contain spinach purchased from Natural Selection, they said.
The recalls came as the Centers for Disease Control and Prevention intervened to help in investigate the outbreak, which has killed a 77-year-old Wisconsin woman, officials said.
In Ohio, state health officials said they were investigating the death of a 23-month-old girl who was sickened by E. coli to determine whether the case was related to the outbreak. The girl’s mother said she often buys bagged spinach.
officials said Sunday they’ve started an Atlanta-based emergency operations center to help state health agencies with E. coli testing. Epidemiologists are helping test spinach samples and stool samples of infected people, center spokeswoman Lola Russell said.
The center is helping when state health agencies can’t perform the tests or when a second opinion is needed, Russell said.
E. coli cases linked to tainted spinach have been reported in 19 states, with Wisconsin reporting the most.
Other states reporting cases were California, Connecticut, Idaho, Indiana, Kentucky, Maine, Michigan, Minnesota, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Utah, Virginia, Washington and Wyoming, according to the CDC. The seven new cases reported Sunday were in states with previous illnesses, Acheson said.
The Food and Drug Administration continued to warn consumers not to eat fresh spinach or products containing fresh spinach until further notice.
The investigation by the FDA and the California Department of Health Services will widen Monday with the aim of tracing the spinach to individual farms, Acheson said.
The inquiry will review irrigation methods, harvest conditions and other practices at farms possibly involved.
The spinach could have been contaminated in the field or during processing. About 74 percent of the fresh market spinach grown in the U.S. comes from California, according to the California Farm Bureau Federation.
There is no indication that the outbreak was deliberate, Acheson said. It was unclear when it would be safe for consumers to start buying fresh spinach, he added.
Natural Selection recalled its packaged spinach throughout the United States, Canada and Mexico as a precaution after federal health officials said some of those hospitalized reported eating brands of prepackaged spinach distributed by the company.
However, some restaurants and retailers may be taking spinach out of bags before selling it, so consumers shouldn’t buy it at all, the FDA said.
Boiling contaminated spinach can kill the bacteria, but washing won’t eliminate it, the CDC warned.
Federal officials stressed that the bacteria had not been isolated in products sold by Natural Selection, best known for the Earthbound Farm brand. As the investigation continues, other brands may be implicated, officials said.
The company was founded in 1984 by Drew and Myra Goodman. Within two years, Earthbound Farm began shipping pre-washed, packaged salad fixings, and the company’s "spring mix" became a mainstay of restaurants and supermarkets.


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The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
"A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)


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The COVID-19 pandemic has seen an unprecedented rise in the use of teleconferencing due to lockdowns placed all around the world. Resultantly, video conferencing services like Microsoft Teams, Skype, and Zoom have seen an exponential increase in the number of daily users. Although, out of the three services mentioned above, Zoom is the one that has seen the biggest uptick in numbers of users. But the newfound popularity has also drawn a lot of scrutiny to the service. Now, to address all security issues that have been highlighted in the last few weeks, the company has decided to freeze feature updates to spend the next 90 days on fixing security and privacy issues.
In a blog post, CEO Eric Yuan addresses everything the company has witnessed in the last few weeks since more businesses and institutes around the world started requesting people to work/study from homes. The post starts with some metrics that show the sheer increase in usage of the video conferencing service.
SEE ALSO: Zoom App Might Be Vulnerable to Cyber-Attacks, Says CERT-In
Just to give you a perspective on how much Zoom has grown in the last few weeks, the daily number of users skyrocketed from just 10 million to a whopping 200 million users in March. In comparison, Microsoft Teams saw a jump from 32 million daily users to 44 million users whereas Skype jumped from 23 million daily users to 40 million users due to the coronavirus pandemic.
After combing through numbers, the CEO acknowledges the various security and privacy issues that have been identified by security researchers and journalists. Amongst various issues, some key ones were the iOS Zoom app sharing data with Facebook and the leaking of personal information of a select number of users.
SEE ALSO: Technology Is Helping Us More Than You Realize During The Coronavirus Pandemic
Measures Taken By Zoom To Address The Situation
Now, to address the concerns regarding privacy and security, the company is freezing feature drops for 90 days. The company wants to make use of all its resources to address the various issues that have surfaced recently.
“Over the next 90 days, we are committed to dedicating the resources needed to better identify, address, and fix issues proactively. We are also committed to being transparent throughout this process. We want to do what it takes to maintain your trust,” reads the blog post.
Apart from actively addressing issues, the company claims it also wants to involve “third-party experts and representative users to understand and ensure the security of all of our new consumer use cases”.
To further identify and address issues, the company is also enhancing its bug bounty program (not clear how) and engaging a series of simultaneous white box penetration tests. Throughout the process, the CEO wants to be transparent regarding updates. To do so, the CEO will host a weekly webinar every Wednesday.
While this is definitely a step in the right direction, the problems are far from over. It’s difficult to say if the widespread problems will be addressed in a matter of 90 days. Besides, Zoom has already been hit with a lawsuit from a New York prosecutor for sharing data with Facebook without users’ consent. This comes shortly after a report suggests that the company is also being sued in California for the same reason. So, although the listing down of an action plan might generate some positive buzz, the struggle for Zoom is far from over. In fact, it’s only getting started.


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African Fintech is estimated to generate $65 billion with a CAGR of 32% by 2030, but certain issues need to be addressed
Although African Fintech is expected to have a CAGR of 32% by 2030, there are still some challenges to be tackled.
Fintech is steering Africa towards economic growth and financial inclusion, welcoming more people into a digital-first era. Although payments is the largest vertical, the ecosystem accommodates other segments such as insurtech and lendtech.
Where other sectors suffered thanks to the economic uncertainty induced by the pandemic, the African fintech industry thrived. In 2020, it recorded a turnover of 3.8 billion dollars, according to Statista.
Despite 2022 being an underwhelming year for fintech fundraising in Africa, a report titled “Global Fintech 2023: Reimagining the Future of Finance” estimates that the region will generate $65 billion, with a CAGR (Compound Annual Growth Rate) of 32% by 2030. It identifies South Africa, Egypt, Nigeria and Kenya as the most important markets.
For the uninitiated, the compound annual growth rate (CAGR) is the annual average revenue growth between two given years, assuming growth occurs at an exponentially compounded rate.
Although most African countries are still over-reliant on cash for payments, digital transactions are making inroads into the scene. This trend will play an important role in reducing the number of unbanked and underbanked citizens. That is why the legacy infrastructure offered by most traditional banking institutions needs to be overhauled to make room for innovative technologies such as artificial intelligence and blockchain.
Companies across various industries have used AI, improved service delivery and other areas. AI is becoming a major theme in fintech, with brands leveraging the technology to optimize fraud detection, properly understand customer behavior and many more.
Likewise, blockchain technology brings many potential benefits to the fintech space and can help nations build their respective digital economies. Nigeria recently signed a national blockchain policy into law, saying it will pave the way for secure transactions, data sharing and value exchange between individuals, businesses and the government.
Payments will continue to flourish by 2030, but…
The report acknowledges that payments have contributed greatly to the rise of fintech, with individuals and businesses seeking newer and better ways to send and receive money without borders. In Africa, payments have the lion’s share of the market. Even with a high presence of cash, electronic transactions are easy to perform, offer better security and are fast.
It explains how M-Pesa – a mobile money service launched in 2007 by Vodafone subsidiary Safaricom – excelled in Kenya and recently expanded to other countries, including Ethiopia. However, the fintech pie consists of several layers that present different growth and development opportunities.
Lending, for example, is dangerously untapped.
Consider the average SME, which, like many micro-enterprises, contributes to job creation, wealth growth and economic development. Although they promise great benefits, legacy challenges such as infrastructure deficits and limited access to credit make success difficult. Traditional banks are not always eager to finance SMEs, mainly due to strict lending policies that mostly favor corporate bodies.
Also read: AfDB approves $525,000 grant to create a digital hub for African fintech
Winding towards the growth of African fintech
Mckinsey’s “Fintech in Africa: The end of the beginning” predicts that revenue from this space could “reach $30 billion by 2025” with an 8X growth rate. The market promises a lot, but certain issues need to be addressed.
Africa lacks a unified regulatory framework, meaning that a fintech in one country may struggle to thrive in another market due to varying financial regulatory laws. While Nigeria and Kenya have established regulatory sandboxes to complement fintech efforts, other markets should follow suit and review licensing approval requirements.
Will Green – a strategic advisor to many high-growth tech entrepreneurs – identifies another potential roadblock to the growth of fintech in Africa. He believes that while fintechs can take advantage of the growing conversation around AI to integrate the technology into their services, he is doubtful that every fintech will seize this opportunity immediately.
“I think the approach that regulators and fintechs take in leveraging AI will determine whether that market will accelerate or be left behind,” he says. Regulations promoting the responsible use of artificial intelligence should also be introduced.
African fintechs will face infrastructure issues such as low internet penetration and problematic know-your-customer (KYC) systems. An obvious talent shortage and excessive reliance on cash can also stand in the way of growth.
Regulators need to step up
In order for the African fintech scene to experience monumental development, the nation’s government needs to be more proactive. Tosin Eniolorunda – CEO of Moniepoint – shares insight into what regulators can do.
“A great way to start is to create laws that support the adoption of financial technology in a way that benefits businesses. Alongside this, regulators on the continent must take a collaborative role when designing new guidelines and frameworks,” he explained.
Blockchain – a web3 offering – generated a lot of conversation last year. Although artificial intelligence may have drowned out the hype of distributed ledger technology, the latter has an important role in achieving financial inclusion for all.
“For startups looking to play in the commerce, cross-border transfer/payment space, blockchain can be a viable infrastructure to facilitate these types of transactions“, states Eniolorunda.
Nigeria approved a national blockchain policy early this month, demonstrating its intent to transform many industries. This, along with last year’s Startup Act, is among a growing list of policies to help the digital economy grow.
Although Green also sees the enormous opportunities in the use of blockchain, he is still skeptical of the government’s involvement. “Who controls the keys to power, and are there incentives for this power to be corrupted?” he asks.


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Harley-Davidson, a name synonymous with the spirit of American motorcycling, has introduced an exciting addition to its iconic lineup: the Nightster. This new entry-level water-cooled Sportster model marks a significant departure from tradition and embraces innovation while paying homage to the beloved 883. In this article, we’ll dive into the details of the Nightster’s arrival, its features, and what it means for the future of Harley-Davidson.
A Legendary Legacy
The Harley-Davidson Sportster, particularly the 883, holds a special place in the hearts of motorcycle enthusiasts. Its classic design and raw power have made it a symbol of American freedom on the open road.
The Water-Cooled Revolution
The Nightster signifies a turning point for Harley-Davidson as it embraces water-cooled technology. This shift allows the manufacturer to enhance performance while complying with modern emission standards.
Unveiling the Nightster
A Contemporary Aesthetic
The Nightster retains the essence of the 883’s design while incorporating contemporary elements. Its sleek lines, minimalist profile, and strategic use of chrome create a harmonious blend of nostalgia and modernity.
At the heart of the Nightster lies a water-cooled engine that promises a refined riding experience. This new powerplant is engineered to deliver enhanced performance and improved fuel efficiency, ensuring a thrilling yet efficient ride.
Riding Experience and Features
The Nightster’s design not only exudes style but also contributes to its agile handling. Riders can expect a nimble and responsive ride, making it ideal for urban adventures and open road cruising alike.
Advanced Technology Integration
Harley-Davidson has seamlessly integrated modern technology into the Nightster. Riders will enjoy features such as a user-friendly digital display, smartphone connectivity, and rider-assistance systems for a safer and more convenient ride.
Paying Homage to the 883
While the Nightster ushers in a new era for the Sportster lineup, it does not forget its roots. Elements of the beloved 883, such as its unmistakable V-twin engine note and iconic styling cues, are carefully preserved to evoke a sense of familiarity.
A Tribute to Legacy
The Nightster serves as a tribute to the enduring legacy of Harley-Davidson. It celebrates the brand’s commitment to innovation while honoring the spirit of freedom and rebellion that has defined the company for generations.
Expanding the Sportster Lineup
The Nightster’s introduction hints at Harley-Davidson’s vision for the future of the Sportster lineup. With the incorporation of water-cooled technology and modern features, the brand is poised to attract a new generation of riders while retaining its core values.
Evolving with the Times
As Harley-Davidson continues to evolve, the Nightster demonstrates the brand’s willingness to adapt to changing preferences and technological advancements. It sets the stage for an exciting chapter in the company’s storied history.
The Harley-Davidson Nightster represents a bold step forward for the brand while honoring its legendary past. As a new entry-level water-cooled Sportster, it embodies the spirit of innovation and pays homage to the iconic 883. With its blend of classic design, modern technology, and water-cooled power, the Nightster promises a thrilling and refined riding experience that resonates with both loyal enthusiasts and new riders.


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updated 05:30 pm EDT, Tue July 24, 2007
iPhone AppleCare arrives
In brief: Apple is now offering AppleCare support for its $499 and $599 iPhones, General Motors has announced that several vehicles will be available with fully integrated dealer-installed iPod connectivity, AT&T has posted its second-quarter financial results with an unexpected number of iPhone activations, and 3Dconnexion's SpaceNavigator 3D mouse will hit Apple Store shelves by the end of August. Apple has officially introduced AppleCare for iPhone, an extended protection plan for the company's new cellular handsets that adds an additional year of hardware repair. Apple's iPhone warranty is available to iPhone owners for $69.
GM expands iPod integration
Automobile manufacturer General Motors has announced that several current Pontiac, Saturn, and Chevrolet vehicles will be available with fully integrated dealer-installed iPod connectivity, according to Leftlane News. The company's Personal Audio Link iPod adapter is available for the Chevrolet HHR and Cobalt, Pontiac G5 and Solstice, and the Saturn Sky from dealers across the U.S. The system is priced at $160.
AT&T posts earnings, iPhone activation count
Cellular carrier AT&T -- which offers exclusive service to iPhone customers -- has posted its second-quarter financial results alongside 146,000 iPhone activations which occurred in less than two days; Those numbers disappointed some analysts who heard whispers of iPhone sales totaling upwards of half a million, but AT&T experienced technical difficulties with iPhone activations during the handset's launch.... 3Dconnexion's SpaceNavigator 3D mouse is due to hit Apple Store shelves by the end of August, according to the company, and is compatible with several applications including Adobe Photoshop CS3 Extended and Google Earth.


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A strain of genetically modified wine yeast, said to prevent headaches, has been approved for use by Canada's health authorities.
Developed at the University of British Columbia and known by the trade name ML01, the genetically modified yeast is able to carry out malolactic fermentation at the same time as alcoholic ferment, reducing the risk of wine spoilage.
It also produces fewer allergenic bioamines – chemicals in wine that produce off-flavours and that can trigger headaches and migranes.
Food Biotechnologist Hennie an Vuuren, who heads up research into the use of GM yeast in BC, is currently seeking approval for its use from European authorities.
Approved by Health Canada for commercial use and now legal in the US and South Africa, ML01 has been commercially available since 2006, although is unlikely to be seen on labels due to concern over public reaction to genetic engineering.
Unlike the EU, US and Canadian labelling laws do not currently require producers to list the presence of GM ingredients.
Written by Hazel Macrae


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Capcom has announced the upcoming digital release of Okami HD on the PlayStation Network Store for US$19.99. The game will feature a HD visual upgrade and PlayStation Move integration.
This year’s EVO tournament will see the largest-ever Singapore contingent gracing it – and that’s just a little slice of the local ‘fighting game’ community.
The Australian Government has passed the legislation to classify videogames under the more appropriate R18+ rating for many of the games the country will usually refuse to classify.
Yesterday surprised us, because as casual Pokemon fans, we never expected the game to this hyped.


text: Here’s the first live footage of the Nissan Juke Nismo Concept, a hotted-up version of the crossover tuned by Nissan’s in-house performance arm. The ca has a tweaked engine, but it’s only a 1.6 liter so don’t expect a breakthrough. But the body kit on the Juke Nismo is very interesting. The car also has a sporty interior, which you can also see for the first time in this video. This car marks the start of a new era for Nismo.


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Miele Cloud-Connects An Oven
BERLIN — Miele developed a proof-of-concept demonstration of an oven connected to Microsoft Azure’s Internet of Things (IoT) services, enabling consumers to program ovens to ensure meals come out “perfectly cooked,” Miele said.
Miele lets users browse recipes on Miele’s website and choose from various meals. Once a recipe is selected, food preparation stages are downloaded to the user’s smartphone or tablet, and the matching program is loaded onto the oven through Azure. The oven is programmed to cook the specific meal, the company said at the Hannover Messe event in Berlin.
SmartThings Certifies More Products
PALO, ALTO, CALIF. — Samsung-owned home-automation supplier SmartThings expanded the selection of home-automation products certified as compatible with its hub to about 120 with the addition of three Aeon-brand Z-Wave products and EcoNet’s EV100 series of Z-Wave motorized vents. Devices that aren’t certified as compatible with its $99 hub might nonetheless work optimally but haven’t been tested for compatibility, SmartThings said.
NPD Tracking Home Automation Market
PORT WASHINGTON, N.Y. — The NPD Group launched a home automation service that includes consumer panel-based reporting, U.S. point-of-sale data, and analysis from NPD analysts.
The reports from NPD Connected Intelligence include a view of the device landscape, consumer adoption, and the use of home automation devices. NPD’s POS data will track home automation security and monitoring, power and sensors, system controllers, and smart lighting. Additional categories will be added later this year.


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ROUND ROCK, TEXAS — Growth in sales to small-business customers worldwide has come up short of Dell Computer’s internal expectations.
This slowdown, as well as weak demand for Dell products in Europe through the first two months of the current quarter, has forced the company to warn that third-quarter sales would fall short of company expectations. It is expected that Dell will hit a bit over $8 billion in third-quarter revenue, some 3 percent below estimates.
If the softness persists into the fourth quarter, in what is already a slowing personal computer industry generally, Dell said full-year revenues could be $32 billion, a jump of $7 billion, or 27 percent, compared to sales in fiscal 2000. Growth at the company has continued to slow over the past few years. Sales rose 38 percent last year and 48 percent in 1998.
Other companies have sounded the warning. Intel said sales would grow 3-5 percent, instead of 9-12 percent. Apple shares plunged 50 percent when it announced slow September sales. And Micron Electronics said its PC business grew by only 5 percent in the quarter, below what analysts had expected.
Dell, however, told analysts at its fall meeting here, that the company remains very optimistic about its profitability outlook for the third quarter of the current fiscal year, and that it believes revenues will continue to expand at a multiple of the industry rate.
Dell said it remains on track to meet profit expectations for the third quarter, although fourth-quarter per share earnings could be one or two cents below company targets.
Dell’s optimism about third-quarter profitability is driven, in part, by favorable component availability, and the fact that profit margins remain firm and have benefited from lower-than-expected component costs.
The computer giant said plans to reduce prices across its product lines have been bolstered by an unanticipated decline in component costs, and that those pricing actions will likely have a greater effect in stimulating demand and revenue growth in the fourth quarter.
Demand in other parts of Dell’s business, which includes home-PC customers, is very strong, according to the company. Among the industry “drivers” expected to keep Dell healthy is an ongoing customer transition to mobile computing products.


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It looks like Vonage, which has been embroiled in a couple patent suits, is on track to spend a heckuva lot less on online ads than the $185 million it spent in ’06. Among the biggest online ad spenders last year, Vonage has fallen steadily from that lofty position since January. According to TNS Media Intelligence monthly data reported by ClickZ, Vonage spent about $26.2 million thus far through June, dwindling its spending as the year’s gone on.
Vonage was told in April it would be barred from acquiring new customers, as part of a U.S. District Court in Virginia patent suit decision in which Vonage was found guilty of violating Verizon’s VoIP patents. At the time the broadband phone firm was granted a temporary stay allowing it to continue to round up new customers.
Now it’s back in the news as decisions have been against the firm made this week in the Verizon case, as well as another patent suit brought by Sprint Nextel. To be brief, the earlier Verizon decision was upheld. As for the Sprint situation, Vonage was found to have infringed on six of the telco’s patents, and has to pay $69.5 million in damages and patent fees for future use of Sprint’s patents. It also has to pay Verizon for use of its patents.
Vonage says it will appeal the Sprint decision, and claims the Verizon decision will have no negative effect on its business.
Sure, the company seems to spend a lot of money on TV ads, but the huge slash in online advertising (through networks, lead gen and affiliate marketing, that sort of thing) is striking. Last June the firm spent $13.6 million online; this June it spent about $2.4 million, according to TNS. In January it spent almost $7 million, and in February over $10 million.
ClickZ Stats shows TNS didn’t even list Vonage in the top 50 advertisers by media spend this March, but the firm spent over $22 million on online ads the same month last year.
I’d assume these lawsuits are cutting into the ad budget, whether the firm is reallocating its spend or not.
Emotion can be very powerful when trying to reach an audience, and it can be boosted by linking it with the way memory affects human behaviour. How can all of this apply to the demanding mobile audience?
With social media reach and engagement rates having dipped so precipitously over the last year or so, paying to play is the only option for most brands now.
Digital (and in our case search and content) data holds the keys to marketing success.
Time is running out to feature your company in our inaugural Mobile Vendor Reader Survey.


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Daft Punk has already been shrunken down to action figure size, but the French robots may soon get even smaller. As Radio.com points out, a campaign to turn Guy-Manuel de Homem-Christo and Thomas Bangalter into Lego figurines is gaining traction.
Nearly 4,000 supporters have backed the Daft Punk concept on Lego’s Ideas page, which envisions a whole Robot universe of mini figurines, sequencers, bass guitars, and a special stage with a mock lightning rig. There’s also ideas for sets inspired by the duo’s “Around The World” video and “ALIVE 2007” stage set-up, which could be created using pre-existing Lego kits and parts.
Lego appears open to the idea and even issued a playful, Daft Punk-referencing response: “This project is speeding and it isn’t stopping. The project didn’t just get lucky, the detail and thought behind the project speaks for itself.” However, according to Lego guidelines, the campaign must achieve 10,000-plus backers before Daft Punk figures can make their way to your bedroom floor. Lend your support here.
Below, check out a few mock-ups.


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The International Invention, Innovation & Technology Exhibition (ITEX) will mark its 31st year with the new platform – ITEX Online that will be going ‘live’ this 20 November.
Since its inception in 1989, ITEX is organised annually in Kuala Lumpur and has grown to become the region’s leading exhibition to showcase new inventions, technologies and products, targeted at aspiring inventors from all walks of life to get recognised and to present their creations.
This year, amidst the global pandemic, ITEX Online was introduced to take centrestage with a convenient borderless invention platform to feature a community of inventors and a virtual sourcing marketplace for commercialisation.
YBhg Academician Emeritus Professor Tan Sri Datuk Dr Augustine S. H. Ong, the founding President of MINDS and Joint Organiser of ITEX said: “As the world races to find new solutions and take quantum leaps in the realm of technology, I continue to hold inventions close to my heart, and I take this opportunity to strengthen my conviction that the sky is the limit when it comes to creativity and ingenuity of the human mind.”
The digital age is well and truly upon us and reinvention continues to remain relevant as inventors and investors alike chart their new visionary path regardless of situation and space”, he continues.
The Online edition of ITEX this year became a new option in view of the worldwide travel restrictions due to the pandemic. As of today, inventors and innovations from 15 countries such as Australia, Canada, Croatia, Hong Kong, Indonesia, Iran, Poland, Qatar, Romania, Taiwan, Thailand, Turkey, Ukraine, Vietnam and Malaysia have gathered online to showcase close to 500 inventions on this platform, that will be made easily accessible within the finger tips, 24/7.
During which, the online judging of the ITEX Competition will take place from 12 – 16 November by a selected panel of judges and the winners will be announced in a virtual awards ceremony that will be held on 21 November on this platform.
Across the 2-day online experience, other activities will also highlight the virtual event, where visitors and audiences who are potential venture capitalists or investors can get in touch with the inventors for potential joint ventures or collaborate on the projects towards the road to commercialisation and vice versa, inventors can in the near future, could also participate in pitching sessions that will be organised in collaboration with relevant organisations.
Another highlight to ITEX Online this year is the concurrent World Young Inventors Exhibition (WYIE). WYIE aims to raise the awareness of budding inventors through new innovative approaches and to complement the enhanced STEM (Science, Technology, Engineering and Mathematics) curriculum introduced in schools. More than 150 inventions from local schools across Malaysia are being featured in WYIE this year, along with schools from 9 other countries.
Most of all, as ITEX strongly advocates innovation with the passion to see the industry grow, participants, inventors, students and investors can also take this opportunity to keep up-to-date with the invention industry through a comprehensive programme line-up covering an opening ceremony, webinars, tech talks, awards ceremony and etc.
C.I.S President Dato’ Vincent Lim said: “We are pleased that our partnership with MINDS for ITEX has seen the exhibition growing from strength to strength, as a platform to nurture new inventions and innovations —towards securing investments, manufacturing, commercialisation prospects and partners.
“We hope this Online edition will reach out to an even a wider audience across the globe and be the digital sourcing marketplace for inventions and commercialisations”, he further added.
ITEX is jointly organised by the Malaysian Invention and Design Society (MINDS) and C.I.S Network Sdn Bhd (C.I.S). Highlights on ITEX 2020 Online Platform will take place virtually on:-
20 November 2020 (Friday)
10.00am - Virtual Opening Ceremony of ITEX Online by Guest of Honour, YB Datuk Seri Dr. Noraini Ahmad, Minister of Higher Education, Malaysia
2.30pm - Webinar: VC2E (Venture Capital to Entrepreneurs Talk) by MVCA
21 November (Saturday)
9.30am - Webinar: Tech Talk by AIPO (Association of IP Owners)
11.00am - Webinar: Tech Talk by IET (Institution of Engineering & Technology)
3.00pm - Virtual Ceremony for Local and International Winner Announcement


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News and Articles About History
From online microtutoring to photographic tours back through history, educational technology is giving children new ways to learn.
There are lessons in the Japanese sneak attack that brought the U.S. into a war and world leadership.
Then, as now, the American armed services were a mosaic as varied as the nation itself. Let us honor all who served on Veteran's Day.
Good leaders need to be great story-tellers, whether they're running a company -- or a nation.
From dancing hamsters to ridiculous screen names, the internet has come a long way. Celebrate as it the public web turns 25.
Radicals & Visionaries
We spoke with Mark Graham, director of the Wayback Machine, to ask about the service that archives the internet of the past.
We live in a nation that celebrates small business and encourages people to create an idea and make it their own.
From Google's first server to the first book sold on Amazon, these artifacts show just how far we've come.
The film director spoke about listening to intuition, studying the past and confronting hate with humanity.
From the first images of the earth from space, to the first landing on the Mars, it's been an incredible 70 years.
Content-marketing expert Salma Jafri explores the history of content marketing and how you can make it work for you.
Bolanile Maté of Be Better Paris talks about why entrepreneurs over time have used drastically different strategies in picking names for their businesses.
Apple is the most valuable company in the world -- and on Friday it officially turned 40 years old.
The Woz beams bright when he reminisces about the roots of his techie tendencies.
Business leaders and entrepreneurs can learn from history and take valuable lessons in leadership, marketing, philosophy and sales from the leaders and stories of years past.


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It’s difficult to overstate how big of a deal it is to bookselling culture that the Department of Justice is reportedly planning to sue five publishers and Apple for colluding over e-book prices*.
In order to understand why this is a big deal, here’s a brief recap of what led us here (this summary is described in greater detail in my post Why Some E-Books Cost More Than the Hardcover).
Wholesale vs. Agency
At the time Amazon kicked off the modern e-book market with the introduction of the Kindle, e-books were sold according to the traditional wholesale model. Essentially, publishers set a cover price and they got half, the bookseller got half. If a book was listed at $25, publishers got $12.50 on an e-book sale, the bookseller got $12.50.
Problem was from publishers’ perspective, Amazon was selling some e-books at $9.99 and taking a loss on those sales, all the while locking readers into their proprietary format. Not only did this devalue what consumers felt a book “should” cost, publishers were worried that competitors wouldn’t be able to enter the e-book space because they wouldn’t be able to compete with Amazon’s prices. No competitors would mean a virtual monopoly for Amazon, and publishers were presumably concerned about Amazon’s ability to then dictate terms.
Along comes Apple and the iPad. Steve Jobs talked the publishers into the agency model – publishers set their own prices and they get 70% of the proceeds.
The irony is that the agency model actually meant publishers received less money per copy sold. Napkin math for wholesale: $25 cover price, they got $12.50. Agency: Price that e-book at $14.99 and they get $10.50.
Publishers then turned around and imposed that agency deal on Amazon, which is the subject of the DOJ investigation. The end result: There really is more competition in the e-book world, but prices are higher than they likely would be if Amazon and others were able to discount as they saw fit.
Competing on Price
I don’t presume to know what the end result of the current discussions will be and it appears that there are a range of possible outcomes. But if it ends up meaning the end of the agency model this will have massive, massive repercussions across the book business.
Up until now, conscious or not, consumers have grown accustomed to the idea that e-books cost what they cost. The decision of what e-reader to buy or which app to read on has largely been driven by user experience preferences.
Do you like the feel of the nook? The ease of the Kindle app? The pretty iBooks page animation? Those are the decisions people have been basing their decisions on – the reading and buying experience.
But if the agency model is dismantled in whole or in part and Amazon and others can go back to pricing as they see fit, suddenly price is going to be at the forefront of consumer choice.
It doesn’t take a genius to see that Amazon and their deep pockets are going to have a big advantage in that environment.
The irony of returning to the wholesale model is that publishers may actually make more money per e-book copy sold even as prices go down for consumers.
This sounds like a win win for publishers, but it ignores the big losers: traditional bookstores, who will be even less able to compete with cheaper e-books. Publishers are not eager to lose those outlets and will be forced to wind down huge print operations as print continues its (inevitable in my opinion) decline. Print won’t go away entirely, but it will be a tough transition for publishers, which is why they may have tried to slow down e-books with higher prices.
This is the point that author and Authors’ Guild president Scott Turow made in a recent post:
Given the chance, any rational publisher would have leapt at Apple’s
offer and clung to it like a life raft. Amazon was using e-book
discounting to destroy bookselling, making it uneconomic for physical
bookstores to keep their doors open.
That said, it’s also worth considering author Barry Eisler’s rejoinder to Turow:
Maybe Scott would also argue that Apple is destroying computer-selling
by selling so many computers, but logically, it’s pretty hard to see how
someone could destroy bookselling by selling tons of books.
What about authors? Well, if agency goes away, in the short term they may make more per copy along with publishers since most e-book royalties are based on the publishers’ net. But in the long term they’ll also have to contend with an inevitably shrinking pie. And as Mike Shatzkin points out, self-publishers who have banked on getting attention through low prices won’t stand out as much if all prices are low.
So who wins?
In my opinion: Readers. Yes, there are dangers to publishers, which may result in collateral damage to authors. There are certainly dangers to non-deep-pocketed e-booksellers. It would be chaotic to say the least to have lots of different e-book prices and to have to contend with different formats and standards and try to decide where you’re going to buy your e-books.
But if the agency model is dismantled, e-books are getting cheaper and the book market will steadily get more efficient.
More books for less money?
As a reader: sign me up.
*Disclaimer: I am an employee of CNET, which is owned by CBS, which is the parent company of Simon & Schuster, which is one of the companies named by the DOJ. I have no direct connection to Simon & Schuster or any knowledge of its operations. The opinions expressed herein are entirely my own and do not necessarily reflect the views of CBS or anyone else for that matter.
Marilyn Peake says
For years, Amazon took losses on their experiments with innovating. They still do when they decide they should lose money in order to invest in innovation. It’s boggled my mind for years that brick-and-mortar bookstores and publishing houses haven’t invested in the digital age and set competitive prices. No one stopped them from hiring inventors to develop their own eReading devices. No one stopped bookstores from setting up cozy reading areas for customers to read eBooks on eReader devices. Bookstores were willing to add coffee shops to their buildings and celebrity books to their shelves, but invest in the inevitable digital revolution? No, they couldn’t do that.
In regard to the deep pockets of Amazon, Amazon’s deep pockets are nothing compared to the deep pockets of the umbrella organizations that own the big publishing houses. The big publishing houses have repeatedly said they can’t compete with Amazon’s deep pockets, but that’s complete and utter nonsense. Rupert Murdoch and Bertelsmann AG own a huge number of the big publishing houses. In 2011, News Corp. and all the businesses it owns were worth between $62 billion and $72 billion. I searched online, couldn’t find the net worth for Bertelsmann AG, but did find that from January through September 2011, their revenues were $10.7 billion. According to Forbes, as of this month Jeff Bezos is worth $18.4 billion and is $300 million richer due to the Kindle.
The weird thing is that the big companies own nearly all traditional book publishing and news outlets, so they can get a near mantra going for things it’s in their best interests to have the public believe. I cannot tell you how many places I’ve now read that Jeff Bezos’s deep pockets will take down and destroy the entire world of publishing and literature. The same thing in the realm of politics – there is an incredible amount of false information circulated as truth every single day in the news. If a handful of billionaires own all the traditional news outlets and it’s in their best interest to have the public believe something, it’s very easy for them to just print it up in multiple news sources. For example, 97% of reputable scientists report that global warming is real. However, despite rising seas, obviously warming temperatures, and tornadoes wiping entire towns off the map, the public at large kind of believes that the research on global warming is completely inconclusive.
DISCLAIMER: I’m published by Amazon’s KDP Select Program (and am very happy with both their royalties and the seriously respectful way in which Amazon treats their authors).
Marilyn Peake says
I just finished reading everyone’s comments, and am so sorry I didn’t discover this discussion until today. I hope the discussion hasn’t ended.
I wholeheartedly agree with Barry Eisler and Mira. Also, I’m truly baffled by so many people complaining that Amazon’s low prices will convince readers that books are worthless. It seems to me that people don’t understand how Amazon is experimenting with digital sales AND (gasp!) how they’re actually allowing authors to run a lot of their own experiments. For example, authors who sign up with Amazon KDP Select are only required to sign up for 90 days at a time; and within each 90-day period, they are entitled to five days on which they can price their book as a free giveaway. KDP Select authors whose books are "purchased" like wildfire during the free days are added to popularity lists on Amazon which offers higher visibility to those books, but only for as long as the book continues to sell. Authors can experiment with changing their book covers, changing their prices, etc. any time they choose in order to see if that sells more books. When three of my books were downloaded thousands of times for free and then started selling at 99 cents each, I raised the price to $3.99 each, and am now selling more copies at $3.99 each than I did at 99 cents each. And there’s incentive to price books higher. Whereas Amazon only gives authors 30% royalties on 99-cent Kindle books, they give 70% royalties on higher-priced Kindle books. Do the math: 30% of 99 cents vs. 70% of higher prices, and a number of authors have reported selling more copies at the higher prices. I’m not sure how any of that translates into Jeff Bezos lowering the true value of books. He’s experimenting with sales offers, not unlike my neighborhood bookstore having bargain bins or the low price of mass market paperbacks that publishers used to sell. People hardly think of music or computer games as worthless now that digitally downloaded music and computer game apps are so cheap.
And Jeff Bezos hates books? Oh, please. He’s a graduate of Princeton University. He gives away a lot of his money to charity. He’s also established Blue Origin, a company that’s developing new technology for spaceflight, in order to pursue his lifelong interest in space travel. NASA has actually invested $22 million in Blue Origin. Bezos is hoping to offer paying customers the opportunity to travel into space. Is it wrong that this could conceivably, if the price of spaceflight eventually becomes manageable for the average person, cause the car industry or the cruise ship industry to lose customers?
Colluding to keep prices high is against the law. Period. Laws may be changing to protect big businesses and special interests, but thank God many laws still protect consumers. That’s why the Big Six are being sued, but Amazon isn’t. I agree with Nathan that Amazon is a dream come true for customers who love books.
What is the picture? Is that a type of e-reader?
Ivy Reisner says
I agree completely with your post. There are really five options for dealing with technical progress.
One. Ignore it. Generally, the Borders solution.
Two. Resist it. The buggy industry tried to defend itself by pushing for laws against gas stations in certain areas.
Three. Actually drive it. The Kindle.
Four. Get out in front and pretend to lead the parade. DC Comics new digital inititative. Heck, see Baen.
Five. Capitalize on it. See Amanda Hocking.
I want to see publishing survive, but the Agency Model looks frighteningly like option 2 to me, and I don't see too many horse-drawn buggies at the supermarket these days.
E-readers can have the significant impact on the kids, especially a color model like Kindle Fire. In a device that weighs under the pound user can collect hundreds of children’s books…
Read full article here,


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Harley riders have been trading in their “hogs” in increasing numbers as the company fights through a public relations nightmare created when it said it was shifting some production [...]
(Reuters) – Dell Technologies Inc will ask holders of “tracking stock” tied to its software company VMware Inc to vote on its $21.7 billion cash-and-stock offer to buy it back from them on [...]
At least two major banks have predicted that ratings agencies will lower Italy’s sovereign credit rating to just one level above “junk” status.
Small rocket builder Vector raised $70 million in a round of financing announced Friday, with a Morgan Stanley alternative investment fund joining Silicon Valley backers of the space company.
Image copyright Becky Bevers Image caption Becky Bevers’ first question to doctors was: “Am I going to die?” When Becky Bevers tells people about her incurable breast cancer, [...]
BEIJING/SHANGHAI (Reuters) – China’s banking regulator said on Friday it plans to start letting funds from products publicly sold by banks’ wealth management subsidiaries be directly [...]
Getty Images Amazon CEO Jeff Bezos is sizing up locations for its second US headquarters. Among the criteria: convenient access to mass transit and an international airport, a highly educated [...]
Media playback is unsupported on your device Media captionPresident Trump mimics the violent move at a rally US President Donald Trump has praised a Republican congressman who assaulted a [...]
Ford, which is wrestling with slowing sales and a stock price at its lowest level in nine years, is trying to overhaul its image and juice its sales with a new ad campaign.


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The COVID-19 pandemic that is spreading around the world is an unprecedented challenge for people everywhere.
We urge our customers to take every precaution to ensure their safety and that of their family and loved ones and follow the guidance provided by government and medical staff.
The transportation and logistics industry is playing a vital role in distributing food and essential supplies where they are needed.
Drivers and delivery teams are among the unsung heroes of this crisis as they keep our shops and essential services stocked and equipped.
TransitQuote is run by an online business based in Glasgow with a team of remote workers around the world in locations which are currently on lockdown.
We have advised our team to take whatever time is needed to prepare and protect their households.
We will continue to provide technical support to our customers, although for the time being we cannot accept any new requests for custom projects or new features.
All currently scheduled projects will continue although there will be some delays for which we apologize.
This is a time to put health first by protecting against the spread of COVID-19 and taking care of mental health in a time where we are all under an additional level of stress.
Please do what is necessary to protect your staff as well as your customers and stay safe if you are out on the road.
Andrew van Duivenbode.


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Idaho (AP)—Memory-chip maker Micron Technology Inc. has agreed to buy
Elpida Memory Inc. for approximately $750 million in cash in a deal that
would boost its wafer manufacturing capacity by about 50%.
specializes in dynamic random access memory chips used in mobile phones
and computers. It has been developing a plan of reorganization since
filing for the largest manufacturing bankruptcy ever in Japan earlier
wanted to reorganize after years of sliding chip prices amid a glut of
supply, punishing competition from South Korea’s Samsung Electronics Co.
and weaker sales due to last year’s flooding in Thailand that disrupted
and Elpida said Monday that the total value of their deal is about $2.5
billion including about $1.75 billion in future annual installment
payments that Micron would make through 2019.
Micron Technology shares rose 29 cents, or 4.6%, to $6.60 in premarket trading.
Elpida’s reorganization plan is expected to be submitted in August to the Tokyo District Court for approval.
month Micron Technology said that it was in talks to purchase Elpida.
Micron Technology said at that time that the Tokyo District Court had
allowed Elpida’s trustees to negotiate an agreement with Micron to
become Elpida’s sponsor and acquire its entire business in accordance
with corporate reorganization proceedings.
The Micron deal requires approval from Elpida’s creditors, the Tokyo District Court and antitrust approvals.
Idaho-based Micron Technology also said Monday that it is buying
Powerchip Technology Corp.’s 24% stake in Rexchip Electronics Corp. for
approximately $334 million. Elpida has about a 65% stake in Rexchip.
Combined, this will give Micron Technology an 89% stake in Rexchip.
deals are expected to close during the first half of 2013. Micron’s
transaction with Powerchip will take place once the Elpida acquisition
Source: The Associated Press


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Consumers today could be forgiven for wanting a “food pill”—a compact, no-muss/no-fuss nutrient- and hydration-delivery vehicle that melds the best of Jetson’s-era futurism with … maybe Soylent Green, but minus the people?
In any case, the source of their yearning is elementary: The once-simple act of sitting down to eat and drink—let alone prepping in advance—has turned into yet another task on an already-overlong list.
Or, as Asim Syed, CFS, director, food applications R&D, Brenntag Food and Nutrition, North America, put it, “As lifestyles keep evolving in the direction of ‘live to work’ rather than ‘work to live, we’re finding less time to cook healthy and hearty sit-down meals at home.”
Alas, that longed-awaited food pill won’t arrive in time for dinner. (And let’s be honest: How much fun would it be anyway?)
So, until it does, “Ready-to-eat (RTE) foods and ready-to-drink (RTD) beverages are becoming essential parts of our lives,” Syed said. “The food industry is successfully developing ready-to-consume products that satisfy evolving consumer trends and needs.”
They’re doing so with the help of ingenuity, ingredient technology and elbow grease—because unlike that mythical food pill, RTE and RTD items don’t land on store shelves by magic. They do so by food science.
What’s in a three-letter acronym?
What, precisely, defines a food or beverage as RTE or RTD? According to Willy van Arkel, senior innovation manager, Corbion, the answer is “open to interpretation.”
Beverages are perhaps easier to define, with RTD denoting drinks that are, literally, ready to drink: no mixing, diluting, blending or squeezing required. That means bottled teas, coffees and flavored milks; canned sodas and seltzers; aseptic juice boxes and pouches; and, of course, bottled water all count.
As for RTE foods, the canopy covers more products. “These foods can be shelf stable, refrigerated, served hot or require some minimal heating—more from a preference standpoint than a safety one,” explained Courtney Schwartz, marketing director, Kemin Food Technologies – Americas. “This means a lot of foods qualify as ready-to-eat, such as snacks, deli meats, cheeses, canned soups, frozen bagels and more.”
Why the rush?
While these ready-to-consume products have been around as long as the food industry itself, a confluence of cultural forces gives them particular relevance today.
“Consumers’ shifting lifestyles drive the RTD and RTE categories,” said Micah Greenhill, beverage marketing manager, ADM. “They’re growing more urban and being pulled in more directions, which is driving the fragmentation of meals and the need for on-the-go, convenient and portable solutions that are culinary-forward and also align with consumers’ new views on the importance of health and wellness.”
Changing demographics at home also push the category. “The cultural shift to dual-income families and an increase in the number of working Millennials and women has strengthened demand for RTE and RTD products,” Schwartz said. “With less time for cooking, many are turning to these products for every meal.”
Van Arkel pointed to GlobalData research showing a fairly even split in ready-meal consumption between U.S. males and females—50.6 and 49.4%, respectively—while consumers aged 55 and older generate 26% of consumption. When choosing RTE products, these older consumers lean toward functional nutrition for healthy aging, said Andrea Craig, director of culinary category and product marketing at ADM, while convenience seems to dominate younger consumers’ decisions.
“Younger generations like Millennials and Gen Zs are blurring the lines between meals and snacks,” she said. “They’re more interested in RTE products that are convenient, incorporate global flavors and have functional benefits.”
That said, “There are Baby Boomers with families who look for both nutrition and convenience in RTE products—maybe being more likely to purchase a rotisserie chicken because it offers a convenient way to make a nutritious dinner for the family,” she continued.
Regardless of generation, Schwartz concluded, “Convenience is the real driver for RTE and RTD consumers. The less prep required, the more likely consumers are to gravitate toward a product.”
Not your parents’ ready-meals
That spells opportunity for CPG brands. “RTE and RTD are rapidly growing globally,” Schwartz said, pointing to a Mordor Intelligence analysis predicting the segment’s compound annual growth rate (CAGR) will hit 4.3% by 2024.2 “Consumers are willing to pay for the convenience of RTE and RTD products, which means that manufacturers have an opportunity to capitalize on a big trend,” she said.
But consumers won’t pay for just anything, and they won’t be impressed by yesterday’s formulations. “We still see canned soups and TV dinners in the category, but the types of foods we see are far different from the frozen meatloaf and mashed potatoes of years past,” Schwartz said. “We see a lot more variety and products types.”
She pointed to “meals for every eating occasion”: egg bowls, refrigerated salads and more. Even delivery platforms have evolved, with apps and online grocery services getting in on the RTE game. “You also see many retailers make their own RTE products for consumers to grab,” Schwartz noted. “The concepts are the same, but the variety is vastly different.”
Craig agreed, noting quality and culinary ambition also characterize the new face of RTE. “We’re seeing growth especially in the market for RTE meals offering a combination of traditional foods with an infusion of ethnic flavor,” she said—RTE pastas with pumpkin-chipotle sauce, or grab-and-go sandwiches influenced by Vietnamese bahn mi.
Snack in a snap
But to witness RTE innovation at its most dynamic, head to the snack aisle. “The snacking trend has grown steadily over the past decade and shows no signs of slowing down in 2020,” said Philip Caputo, marketing & consumer insights manager, Virginia Dare. “According to Mintel, 94% of U.S. adults reported consuming snacks daily last year—a number expected to continue climbing. And snacking platforms are great for RTE delivery.”
Consider bars. “All a consumer has to do is open the wrapper and they get a fulfilling meal replacement or snack,” Schwartz said. “Some are targeted at those who want high protein, others toward gluten-free and others toward those who want indulgence.”
All of which underscores the appeal of health, indulgence and ease in RTE snacks and beyond. Caputo noted that consumers increasingly prioritize snacks that merge health and wellness with taste and convenience: dried fruit, nut packs, fruit cups and, yes, bars. He also sees renewed interest in “fresh snacking,” which he defines as items like snack packs, sippable soups, smoothies and yogurt, as well as refrigerated nutrition bars and more.
“Additionally, when it comes to the experience consumers want from functional snacks, new and innovative RTE platforms such as cubes, balls and bombs are beginning to displace the standard nutrition bar,” he said.
To your health
An emphasis on wellness pervades the RTD space, as well. “Consumer interest in products with functional benefits, such as protein-enhanced waters and energy drinks for rehydration, continue to drive overall growth in the RTD category,” Greenhill said.
He credits younger consumers for rewarding brands that formulate functionally. “Take energy drinks,” he said. “A few years ago, younger consumers purchased energy drinks strictly for the caffeine content. Today, we’re seeing subsets of younger consumers looking for RTD energy beverages with caffeine plus added functional benefits like protein, electrolytes for sports rehydration or vitamins for mental clarity and focus.”
Health and wellness have boosted demand for bottled water, too, which consumers perceive as a wiser choice than sodas. “The rise in sales and popularity of seltzer is one example of such growth,” Greenhill noted. “A few years ago, seltzer water was viewed as just as mixer, but today many brands are entering the space to attract consumers with fun, flavorful RTD beverages.”
Sports nutrition is another corner of the wellness sector that RTD options have colonized. Caputo considers convenient sports products “ideal intra-workout solutions because of their portability and opportunity for ingredient supplementation. Whether at the gym or on a hike, consumers can keep them by their sides so they’re available for reducing fatigue, preventing dehydration, maintaining blood glucose and more.”
Just as sports nutrition plays to consumers with active lifestyles, products that adhere to the “rules” of popular diet plans make RTD and RTE available to followers of lifestyle nutrition.
“Within lifestyle nutrition, products with the right balance of nutrition, convenience and taste aren’t just on trend but fill a gap in the market where new opportunities have opened up,” Caputo said.
Take keto-friendly foods. “Consumers adopting these diets often have to navigate many restrictions around which foods they can eat and which to avoid—a particular concern with convenience foods and snacks,” he said. “RTE and RTD products that identify themselves as keto friendly are primed for growth, as they help satiate the need for convenience that sometimes escapes this market.”
Craig added that as flexitarianism keeps mainstreaming, formulators are introducing new sources of protein to the RTE arsenals. “Plant-based proteins are increasingly popular in products like power bowls,” she said. “And blends of meat and plant-based proteins are popping up in meals and snacks such as blended-protein jerky sticks.”
On the shelf
The drive to cut sugar and sodium is another theme in the RT arena—as inescapable there as it is across food and drink categories. But given the unique production, storage, shelf life and safety requirements of the RTE and RTD platform, such cuts can have pivotal ramifications.
Consider sodium, which is “an important puzzle piece in controlling microbial growth in RTE meat items,” Schwartz noted. As a result, “Achieving reduced-sodium claims without sacrificing shelf life can be tough. By definition, reducing sodium means finding other means of getting to a shelf-stable product.”
Similarly, a cracker pack might lean on antioxidant additives to keep flavor fresh, she continued. But although synthetic preservatives like TBHQ (tertiary butylhydroquinone) did the trick in the past, “consumer demand for ‘healthier’ options with clean label ingredients now makes manufacturers turn to plant extracts such as rosemary to replace synthetics.” Rosemary and other clean alternatives like acerola help stabilize flavors and colors in dried-meat snacks, too, which is critical when packaging exposes the products to light, Schwartz added
Of course, “what qualifies as ‘clean label’ is a moving, dynamic target that depends on the consumer and brand,” Greenhill conceded. “There’s a lot of discussion around clean labels in the media and across social media, which has resulted in confusion among consumers about what is or isn’t good for them.”
What’s not a source of confusion is that a basic requirement for the RTE and RTD category is safety. As Kim Cornelius, senior food scientist, Wixon, said, “All consumers are at risk if a product isn’t safe to eat or drink. Any food illness is extremely dangerous for consumers.”
Yet the whole point of being RTE or RTD is to free consumers from having to engage in the processing that makes a product safe. So, without a kill step separating the consumers from consumption, an RTE or RTD product’s last line of defense against pathogens is its manufacturer.
“Food manufacturers prevent or reduce the growth of pathogens—and ward off spoilage—by ensuring a clean production environment and designing products with certain growth-limiting parameters like pH, water activity, heat treatment, storage temperatures, packaging and conservatively stated shelf lives,” Syed explained.
In addition to controlling these factors, “the development of natural and synthetic antimicrobial additives such as benzoates, sorbates and fermented carbohydrates, as well as processing techniques like pasteurization, UHT, HPP, aseptic packaging, deep frying and quick freezing, have allowed the food industry to develop high-quality ready-to-consume foods,” he said.
Keep it clean
But even when safety is on the line, clean labeling remains a priority. Listeria, for example, is concern in products like cold-filled dips and spreads—think hummus tubs—as well as in RTE deli meats and poultry. And while a label-friendly ingredient like vinegar can inhibit its growth in some of these products, “It doesn’t fit all needs,” Schwartz said. “Cultured dextrose and vinegar blends seem to help fill some of the gaps.”
Schwartz added that switching from synthetic preservatives to cleaner options entails significant cost increases, as well, “so manufacturers have to decide whether to meet consumer demand for ‘healthy,’ or stick with synthetics. Oftentimes, they’ll just remove synthetics instead of replacing them with more label-friendly alternatives—but this can lead to product-quality issues, as the flavor or color may change more quickly than the consumer expects.”
In Cornelius’s opinion, fulfilling consumer demands for “fresh,” “whole food” and “healthy” is still possible even in RTE and RTD. “You just need to do your homework,” she said. “As new ingredients emerge and consumers continue to look for ‘clean label’ and minimal-ingredient products, formulators will have to do their research on these new ingredients. Already, there are many grains, seasonings, spices and flavors available to create an incredibly flavorful and safe product that consumers will enjoy.”
But formulation needn’t be the only approach. Alternative safety strategies that don’t focus on ingredients include improved packaging and advanced processes, which Schwartz praises for strengthening the industry’s safety toolkit. That said, while RTD beverages can leverage a wider variety of processing options to ensure safety—UHT, HPP, hot-fill and more—the arsenal of safety-ensuring processes available to RTE foods is more limited.
All in good taste
From a quality standpoint, packaging technologies have proven instrumental in preventing in-pack moisture migration, Schwartz said, especially in products like grab-and-go meat-and-cracker trays. “Without the packaging advances we see in these products, you wouldn’t be able to put a starch-based product in the same container as an RTE meat without quality or safety concerns,” she noted.
Another paramount quality concern in RTD and RTE: flavor. And the more that RT products explore nutritional formulation and novel delivery formats, the more developers will have to work to get flavor right.
“Innovations in RTE functional ingredients and snacking platforms make flavor management even more critical to formulators,” Caputo noted. “Alternative ingredients with functional and nutritive benefits, such as pea protein, probiotics and ancient grains don’t always integrate seamlessly into applications.”
But ingredient suppliers keep working on solutions. “We’re focusing on improving the taste and texture of beverages with added functional benefits like protein,” Greenhill said. “We’re now developing high-protein beverages without off-notes that meet consumer expectations for flavor, texture and color. We also see an expansion of high-protein, low-pH beverages for athletes that offer a boost of energy and are easy to drink mid-workout.”
ADM’s “culinary-forward” bases are also moving the ball forward, Craig said. Made with “real, whole foods that’ve been roasted, braised or caramelized and then reduced and pureed to deliver authentic flavors,” she noted, “they not only taste great; they also simplify production, making it easier to create authentic, closer-to-nature foods while reducing production complexity.”
Almost makes that magic food pill pale by comparison. “Convenience is only getting more important in today’s consumer landscape,” Caputo said. “As such, RTE and RTD products are only going to become more a part of consumers’ lives. Expect to see many more of these products hitting shelves over the next few years.”
Kimberly J. Decker is a Bay Area food writer. While her love of eating led her to study food science at the University of California, Davis, her love of the written word prompted her to minor in English. Since then, she's worked in product development for the frozen sector and written about food, nutrition and the culinary arts, getting her hands into everything from cookbook projects for local chefs, to corporate communications and regular appearances on the pages of industry journals. Reach her at [email protected]


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MOSCOW, April 6. /TASS/. Armenian President Serzh Sargsyan has invited Russia business to invest in Armenia, saying the country has already 1,300 companies with Russian capital.
"We are working to attract Russian business in Armenia, all the more taking into account favourable treatment in trade we have had with the European Union for a rather long time," the president told Rossiya 24 television on Monday.
"We have preferential treatment with the EU on 11,000 item names: as many goods produced in Armenia will get to EU markets either without duties or with a much lower duty," he explained.
"We hope very much that in a certain period of time we will have enterprises, companies that will be producing in Armenia and then selling products either on EU markets or in the Eurasian economic space," he added.
Sargsyan, who recently visited China, said many Chinese companies were interested in creation of an economic belt along the Great Silk Road that once used to go via Armenia. The president was referring to the Chinese project to revive the ancient trade route linking China with Central Asia and Europe.
"We have always been on the juncture of the East and the West," he said.


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Dynamic Pricing or Surge Pricing is in talk of the town. People blaming on Uber for illegal fare increase and same Uber is trying to explain its basic economics to increase fare to reach demand. Its just simple demand and supply.
Uber Delhi explains surge : https://newsroom.uber.com/india/surge-april/
Railway implemented dynamic pricing, airlines have dynamic pricing so why not cab aggregators. Its true we always hate to pay more, but we have already paid more to taxi and auto in time of need, we complained too about it. Things are getting organised now, govt forced to put meters on etc.
Uber posted a simple explanatory video on twitter for better understanding of dynamic pricing. Now it's you who has to decide can you pay more to get cab in need or just stay stuck there?
Govt is curbing the surge price, it will create more problem for riders then solving it. When people need a ride they will not get it, instead govt should make effort to put more cars on road to reduce the price but thanks to #OddEvenDobara you are not allowed to take your car on alternate day hence you cannot even do carPOOL on some days, making it worse.
Tweet and ask govt to provide better alternative.>@zeusisdead on how the evolving pricing models and technology have made our lives better and more convenient pic.twitter.com/vtq2sS8cdk— Takshashila Inst. (@TakshashilaInst) April 20, 2016
Pollutions by cars read more..
Most important links to check next ...
See Also: How to know, if you have already applied promocode
Still not on uber: Uber First Free Ride Promo Code
Still looking for ideas: 7 ways to save money while shopping online


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TESLA: A Silicon Valley Co. that keeps innovating for good ?
So its the name "TESLA" that brought you here or should I believe that just like me you are also curious to know how Elon Musk made it big? Let's jump to this interesting story.
TESLA Motors has been trending a lot over everywhere. From those college students who have read the full biography of ELON MUSK to me who decided to spread the word among the entrepreneurs on how TESLA entered into an established market that was dominated by the bigwigs from the past few decades.
So for those seeking to eliminate emissions, it was a dream to introduce Electric Cars that would improve the air quality and cut the emissions. But auto industry is one such where entry by a new competitor is really difficult because of Very high capital, Economies of Scale and the expenditure into R&D that may not return back soon. Similar was the fate of California's Electric Car Program that went off the track just because "Economics" and "Corporate Power" had different plans in their kitty. The whole auto industry at that time was amassing wealth through Gas powered Vehicles that had a good infrastructure to get support from everywhere in the U.S. The Genii amplified their stance that such a change is highly possible only after 10 Years and they got back to where they were excelling currently.
Even one observer cited " The higher the capital requirements, the higher the barriers to entry. When there are high barriers to entry, you don't see new entrants, and you don't see innovations. Its really that new entrants are those who drive innovation." This observer was Silicon Valley's celebrated entrepreneur ELON MUSK, co-founder and CEO of TESLA Motors.
So how did they do it ? is the question that still tickles the brain buds. Here are the key points that worked in favour of TESLA Motors as a new entrant in an established entry:
+ TESLA relied heavily on alliances, allowing them to leverage the expertise and infrastructure of other players in the industry. It partnered with Lotus Cars for developing its first product "Roadster" which many say resembles a lot with Lotus Elise. This partnership could have been possible only because of Elon Musk's past achievements.
+ Elon Musk noticed that companies like GM, Toyota, etc. were not working as effectively on electric cars and that led him to enter into this space and address the issue of sustainable energy by innovating on that front. After TESLA came up with two models that went well with their target audiences, these bigwigs realised that TESLA Motors spent more of their time into validation rather than spending years into the drawing room.
+ Musk says " Tesla's a silicon valley company. If we are not the leaders then shame on us." To encourage more individuals to come up in the sector Tesla has kept all its intellectual properties open to the public as that will help them to work on even better and radical concepts.
+ Musk says its better to parlay the capital and experience from a previous successful venture into the new venture and reap the benefits from early on. The only reason he could win over the trust of the investors was due to his success at Zip2, X.com and PayPal. It means start something that requires low capital and with the success of that, then take the capital and try plowing it in your next venture.
+ Take views upon your products from the best critics. He explains one instance where his daughter complained how Model S had no rear seat reading light addressing it as the "stupidest car in the world." The car was given the light.
+ For four years TESLA produced 2500 Roadsters as that enabled them to look for refinements and also helped them to plan for the next stage of developing a large scale product- Model S.
+ One of the potential problems included the range and access of charging points for electric vehicles. TESLA took the initiative of creating "Destination Charging Initiative" that subsidizes the installation of Tesla Wall Connecting Chargers costing 750 dollars at participating Hotels, Restaurants and Resorts. It has already built some 450+ stations that charge at zero marginal cost to the users. TESLA is also working with other potential charging companies and encouraging them to come into this space.
+ Another issue to be addressed is the presence of servicing centres and TESLA has built around 50 odd centres and is still working upon the expansion of servicing centres.
Even if people say that TESLA MOTORS benefits a lot from the subsidies then let them do. As long as it is serving people by solving a problem they deserve this kind of support. Musk saw an unrecognised need and plugged it through innovation. Now, even if the bigwigs come up with electric vehicles that outcompete that of TESLA's still Tesla will be credited for paving the way for new technology.