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Honda recalls 1 million US cars to replace Takata airbags (again!). Honda said they will re-replace defective driver-side airbags. The automaker said it was informed on one injury linked to the defect that may have caused the airbag to rupture when it was deployed in a crash. The issue involved a Honda Odyssey crash, where the front airbag deployed injuring the driver’s right arm. Honda stated, the safety defect can kill or seriously injure you or your passengers.
The recall involves cars that previously repaired their Takata desiccated replacement inflators (PSDI-5D) or entire replacement airbag modules containing those inflators. Honda made the statement, “Those replacement inflators are now deemed defective.” Like all safety recalls, it will be repaired for free, and set to begin immediately in the United States. Free rental car will be available to the vehicle owner for the day of the recall repair or longer if a replacement part is not available. Honda did confirm the replacement parts will be made by an alternate supplier. The original part was manufactured in Takata’s Mexico facility, where extensive moisture was introduced into the inflator during assembly, leading to the malfunction.
The automaker said, the total number of recalled inflators is now about 21 million in about 12.9 million Honda and Acura vehicles that have been subject to recall for replacing Takata front airbag inflators in the United States. In 2018, more than 7.2 million defective Takata air bag inflators were repaired.
Image Credit: Honda


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Facebook upon Friday uncovered that a main software insect may have permitted third-party applications to mistakenly access the particular photos as high as 6. 7 million customers, including pictures that people started uploading towards the site yet didn’t write-up publicly.
The particular mishap, which usually occurred more than a 12-day time period in Sept, adds to Facebook’s mounting personal privacy headaches right after incidents recording in which this failed to completely safeguard the private data from the users. They have already motivated European government bodies to investigate — and introduced fresh requires the company to become fined.
Generally, Facebook enables apps simply by third-party designers to obtain users’ permission plus access pictures shared on the timeline. Due to the bug, although, roughly one, 500 applications could entry “a wider set of pictures than typical, ” Fb explained inside a blog post. Which includes photos that the user might have started to publish, but departed from before really publishing, due to the fact Facebook retains a duplicate of the write in the event a person might want to complete uploading this later.
The software program bug can also have permitted developers to gain access to photos they will weren’t meant to on Market, a Fb hub pertaining to users to purchase and sell items, and some published in Tales, where customers can discuss short picture or video clip updates that will appear every day and night.
Facebook’s newest revelation received sharp rebukes from personal privacy advocates. “It’s stunning that will Facebook is able to send consumer photos in order to third celebrations when the consumer has not completely uploaded the particular photo, inch said Marc Rotenberg, the particular executive movie director of the Digital Privacy Details Center. “It’s like a service provider sending set up emails. ”
In response, Fb apologized in order to users upon Friday. “Early next week we are rolling out there tools meant for app designers that will allow these to determine which usually people utilizing their app could be impacted by this particular bug, inch the company stated. “We is going to be working with those people developers in order to delete the particular photos through impacted customers. ”
Fb declined in order to detail the precise apps that could have obtained these types of photos, or even what they might have done with all of them.
The photograph mishap can embolden people who believe Fb and its colleagues in Silicon Valley must be regulated for that data these people collect regarding their customers. It could furthermore result in penalties and other fees and penalties for Fb, which is currently under analysis in the United States pertaining to mishandling users’ data. That will probe, started by the Government Trade Payment, is the consequence of Facebook’s entanglement with Cambridge Analytica, the political consultancy that incorrectly accessed information on 87 million customers. A speaker for the FTC declined in order to comment.
Rotenberg said the brand new incident provided “more evidence” that Fb has operate afoul from the 2011 contract it brokered with the FTC that needed the technology giant to enhance its personal privacy practices.
“You can contact this the bug, you can also call it what: yet another example of Fb failing to shield its users’ privacy plus running afoul of its last year consent decree, ” Democratic Sen. Edward cullen J. Markey (Mass. ) echoed inside a tweet Fri.
In European countries, meanwhile, Fb could encounter additional fees under the region’s tough brand new rules regulating data-collection procedures. Under the Common Data Defense Regulation, or even GDPR, businesses have to notify policymakers inside 72 hrs of finding a infringement. Facebook stated Friday this found plus fixed the particular bug upon Sept. twenty two, and it informed regulators at the end of November right after an internal analysis to determine the range of the event.
Privacy government bodies in Ireland in europe — which usually oversee Fb because of the place of its Western european headquarters — said Fri they had obtained “a quantity of breach notices from Facebook” in recent months. “With reference to these types of data breaches, including the infringement in question, we now have this week started a lawful inquiry evaluating Facebook’s conformity with the appropriate provisions from the GDPR, ” a speaker said.
Silicon Valley is usually deeply separated over the problem of irritate disclosures. Cyber criminals exploit software program bugs plus vulnerabilities in order to steal or even gain access to information. But insects are consistently discovered plus patched simply by tech businesses – frequently without proof that any kind of data has been actually used.
Many protection experts think that companies must not have to reveal the simple existence of the bug when there is no proof that information was affected. The issue found a mind earlier this year, whenever reports uncovered a security weeknesses in the Search engines Plus social networking. Google received fire intended for failing to reveal the insect, but many professionals felt the fact that disclosure must not have been necessary since presently there wasn’t obvious evidence of taken data.
A number of Facebook’s latest privacy lapses have included third-party applications. In the case of Cambridge Analytica, the particular firm formerly harnessed user profile information on Fb users within 2015 by way of a quiz application developed by the researcher. According to that scandal, Facebook started a broad overview of the online games and other third-party apps distributed around its users on the website. In May, this suspended regarding 200 of these, declining at that time to describe precisely why.
Elizabeth Dwoskin contributed for this story.

domain: news


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Swedish furniture retailer Ikea is set to roll out its smaller city centre stores - following the success of its first branch in London.
Shoppers in Stoke-on-Trent have longed called for the company to open a branch in the city.
Currently, the closest outlets are at Birmingham, Warrington, Manchester and Nottingham.
Now UK boss Javier Quinones has revealed the success of its smaller format means Ikea is likely to expand to other UK cities.
The concept allows customers to browse items and discuss home decor plans without visiting out-of-town stores.
It is part of Ikea's wider UK expansion after another year of sales growth.
Shoppers in Hanley today welcomed the idea of a an Ikea - be it a small version - opening in the city.
Joan Hussey, aged 80, from Baddeley Green, said: "When I visit relatives in Coventry I go into Ikea. They are so big that I get lost. I think it's better to have a smaller store.
"If I wasn't visiting my relatives, I wouldn't go all that way just to go there.
"It would be good to have one in Hanley to replace all the derelict buildings. I'd certainly go there and I know other people that would as well. They could even do meals and drinks like they do in the big warehouses."
Elaine Harvey, aged 61, from Tunstall, said: "Anything is an improvement to Hanley. The more shops the merrier. It could go in the Potteries shopping centre or on Town Road because there's loads of empty shops on there.
"If Ikea was closer to home I'd definitely shop there. I've bought furniture from there before but the delivery is too expensive, so to have one in Hanley would be ideal. Anything is better than empty shops."
Kym Ellis, from Blurton, suggested Longton could be a good location for a mini Ikea.
The 31-year-old said: "There's nothing in Stoke-on-Trent, so to have a little Ikea would be great. Maybe it could go in Longton to try and revive it.
"I like Ikea and if it was closer to home it would be good for people who don't drive."
Maureen Swingewood, aged 72, from Sneyd Green, added: "It would be good to have an Ikea in Hanley. Everyone is shopping online today but I like to see what I'm buying.
"I don't want to drive far just to go to Ikea so to have one in Hanley, where I like to shop, would be a good idea. Everything has got to be for progress."
Chris Davis, aged 46, from Birches Head, said: "The last time I went to Ikea was 15 years ago and it was a horrible experience, but the quality of the furniture is good.
"Driving out of the city just to go there takes all day and I wouldn't want to go bac. You have to walk through the showroom just to get to what you want because it's a one way system.
"I would put a small Ikea in the shopping centre where it's best for footfall and if you take away the travel and wandering around the quality is good. There aren't many furniture places around here, so it would be a good idea."
The company announced on Friday that UK revenues in the year to August 31 rose by 5.9 per cent to £1.96 billion.
Ikea opened two new large-format stores during the period, in Sheffield and Exeter, taking its UK tally to 21.
Online was the standout performer, with 199.3 million visits to Ikea's website, an increase of 13.4 per cent.
Website sales grew by 14.4 per cent and now represent 15.5 per cent of total sales.
Ikea has been investing heavily in online, logistics and distribution in a move to cut its home delivery times from one-to-two weeks to three-to-four days.
Mr Quinones said this investment was not a reaction to Amazon or any particular retailer but a response to changing consumer demands.
He said the small format experiment was part of that change.
"More people are living in cities. In London, fewer people have a car," Mr Quinones said.
It's part of a global trend, he added, hence Ikea will also trial its small outlets - called Planning Studios - in New York, Shanghai and Riyadh.


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It might seem overly-refined and snobby to insist on a particular beer glass to go along with your favorite beer, but the impact of the perfect mug can make for a truly worthwhile experience. And the beer glass industry is growing exponentially along with increased sales of beer itself. In fact, according to a Beer Institute press release, data had shown nearly $23.6 billion in beer sales for 2011, a jump of nine percent. So it’s no secret that people are more involved in the consumption of alcohol than ever before, and so it makes sense that the public wants to enhance the experience now more than ever.
There are five different beer glass categories to choose from. And thanks to the fine folks over Centralrestaurant, there is now an easy and straight-forward infographic that helps summarize the best uses of each glass for all your favorite beer types.


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Plans renovation project for its Wilsonville, Oregon headquarters in Q2 of 2019.


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(re: “Lawmakers seek to curb e-cigs,” Sept. 19)
Electronic cigarette manufacturers have targeted our youth in product development and marketing. This practice has contributed to an epidemic of addiction of minors to products with toxic chemicals.
The dangerous, and potentially deadly, short- and long-term health consequences for children and adolescents from these products demand immediate action in New York City.
Gov. Cuomo raised the age for the purchase of any tobacco-related product from 18 to 21, a law that goes into effect in November. He also instituted a temporary ban on the sale of flavored e-cigarettes. Cuomo’s ban followed news of a mysterious vaping-related lung illness that sickened hundreds, and is believed to be responsible for 19 deaths.
However, the New York State Appellate Division recently halted the governor’s ban until Oct. 18, when a case challenging the ban is heard.
Regardless of the outcome, government must remove all e-cigarettes and vaping products from the stores that children and adolescents visit frequently. To that end, I have forwarded proposed legislation to the city council Speaker and the chair of the New York City Council Health Committee to prohibit the sale of e-cigarettes by any retail store within 300 feet of a school in New York City.
This measure can be accomplished by amending the city’s administrative code, which already regulates the use and distribution of these products.
E-cigarettes, also known as “vape pens,” are frequently used for nicotine delivery. They are battery-powered devices that heat a liquid, which turns into an aerosol mist that is inhaled and then exhaled. The liquid is contained in a cartridge or pod.
However, other toxins are released by the heated fluid. While manufacturers disclose the presence of nicotine, flavoring chemicals and humectants in their advertising, they often omit reference to toxicants, ultrafine particles and carcinogens.
Notably, each pod may contain as much nicotine as one pack of cigarettes.
Officials from the Centers for Disease Control and Prevention recommend that people refrain from using e-cigarettes or vaping, particularly products containing THC. It is suspected that the cause of the recent epidemic of lung disease is some kind of chemical exposure.
Officials have not identified a single e-cigarette or vaping product, brand or specific substance that has been linked to the outbreak. However, preliminary information suggests that a high percentage of patients used products containing THC in the months prior to their illness.
Experiments involving electronic cigarettes on cell cultures and animal studies point to numerous health effects, which are cardiovascular, neoplastic, infectious and respiratory in nature. Chemical analyses have uncovered numerous respiratory irritants and toxicants in these products.
Yet, the marketing of e-cigarettes has yielded a different view by youth and adolescents. Students have reported using e-cigarettes due to the perception that they cause less harm than cigarettes, there is greater acceptability of e-cigarettes to non-tobacco users, and the ability to use e-cigarettes in places where smoking is prohibited.
The U.S. Surgeon General has found that many of the marketing techniques used by e-cigarettes companies are similar to those used by the tobacco industry for conventional cigarettes. The CDC analyzed data from the National Youth Tobacco Survey and reported that in 2016, four out of five U.S. middle and high school students were exposed to e-cigarette advertisements from at least one source.
In this national sample of students, the most common places for exposure among middle and high school students were retail stores, followed by the internet, television, newspapers and magazines.
As health officials continue to assess the effects of e-cigarettes, government must err on the side of caution by limiting youth and adolescent exposure to these products. While it is difficult to curb exposure to e-cigarettes online, our local legislators can disrupt the marketing of e-cigarettes to children in the stores they frequently visit — those closest to their schools.
The author is a candidate for city council.


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Target this week broke ground on its first-ever store in the city of San Francisco, a "City Target" located in the city's Metreon building, the San Francisco Chronicle reported.
How has digital technology changed, and how will it continue to change, consumer behavior with regard to photography? What effect will the social networking phenomenon have on the imaging industry and on the various ways consumers share and communicate with their images? How will consumers manage their growing image collections in the future? What technologies will make those images more actionable? How can imaging retailers best position themselves to service their customers as these new trends emerge?


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A number of other brokerages also recently commented on KGX. Deutsche Bank Aktiengesellschaft set a €54.00 ($55.67) price objective on Kion Group in a research report on Wednesday, July 6th. Berenberg Bank set a €68.00 ($70.10) price target on Kion Group in a report on Tuesday. Baader Bank set a €65.00 ($67.01) target price on Kion Group in a report on Thursday, June 30th. Hauck and Aufhaeuser set a €89.00 ($91.75) target price on Kion Group in a report on Friday, April 29th. Finally, The Goldman Sachs Group set a €40.00 ($41.24) price target on Kion Group in a research report on Monday, August 1st.
Kion Group Stock Down 2.0 %
Kion Group stock opened at €44.81 ($46.20) on Wednesday. The stock has a 50 day moving average of €42.60 and a two-hundred day moving average of €57.48. Kion Group has a twelve month low of €57.87 ($59.66) and a twelve month high of €81.82 ($84.35).
About Kion Group
KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks & Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklift and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, and towing vehicles under the Linde, Fenwick, STILL, Baoli, and OM brand names.
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Four-seat V12 Ferraris are never the most desirable cars that the brand makes. They are frequently the fastest to depreciate and least loved models in the range.
The FF set out to change that by totally redefining what a four-seat Ferrari is. It's Ferrari's first all-wheel drive car and Ferrari's first shooting brake. It may not be the most loved piece of design to ever come from Maranello, but it is certainly unique, and the first Ferrari that can get you to a ski resort with no issues.
Now, the FF is due for an update, and it will be released on February 15th, according to Motor Authority. What can we expect? Well, the updated FF probably won't ditch the all-wheel drive setup, but it may have a slightly less upright rear end in favor of a more Panamera-esque design. It also won't be adding turbos to the V12, but should receive updates to push power past 700.
There are also rumors of a version with the 3.9 turbo V8 from the California T and the 488 GTB. That is far from confirmed, but won't be a surprise if it comes to fruition.
We'll know everything about the new FF early next month,


text: Today in this series at incredible snaps you are going to view the stunning and beautiful tourist spots of Iraq. It is very glad that Iraq has become one of the world’s hotspot tourist destinations for summer 2011. According to the travel industry, the Iraq has gained a stunning image as peaceful and beautiful tourist destination. Before few decades the tourism in the Middle Eastern state was troublesome in airline and hotel capacity etc according to the report released by the World Travel Market, a major travel conference held in London. But from recent years millions of pounds have been invested in the Iraq’s tourism infrastructure since from the end of US-Led War in 2003. More than seven hundred hotels are opened in 2014. Airlines such as Lufthansa and Australian Airlines have also launched and started flying not only to Iraq but also to all Middle Eastern Country. You can visit many oldest archaeological sites and holiest places in Iraq. Every year more than 15 million people visit Iraq mostly from Iran World Travel Market Chairman Fiona Jeffery said: ‘Iraq is a diverse mix of history, culture, and unique experiences all paving the way for its place as an exciting up and coming destination.’ The only UK travel company currently offering tours of the country is Hinterland Travel, based in Brighouse, West Yorkshire. Here are few beautiful hot spots of Iraq watch and enjoy and this vacation plan for Iraq.


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VICTORIA – Premier Christy Clark today announced that government is investing $8.4 million to build new markets for B.C. wood products at home and i…
News releases, announcements and other corporate releases are listed below.
Contact email@example.com or call us at 604-685-7507.
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Donguri Anne Public Library Opening Ceremony and Yuriage Public Market Ground Breaking Ceremony were held in Natori, Miyagi on January 18, 2013.
VICTORA – More than $2.3 million is being invested this year in the Wood First program, managed by FII, to broaden the use of B.C. wood products in commercial…


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A 1999 Pokemon card just sold for $420,000 at an auction, even though there are 120 others just like it
- A 1999 Pokemon card of the creature "Charizard" was sold for $420,000 during an auction last week.
- It's one of 121 such cards to be given a "Mint 10" status, meaning it's in brand-new condition.
A prized Pokemon trading card has been sold for $420,000, the third-highest known price ever paid for a Pokemon card.
The "1999 Pokemon Base Set Shadowless 1st Edition Holo Charizard" card was sold on March 19 as part of an auction on trading card marketplace PWCC, which listed the card as "easily the most recognizable Pokemon card ever made" and the "holy grail" of Pokemon card collections.
The sale broke the all-time record for the price of a trading card depicting "Charizard," a well-known fire-breathing creature from Nintendo's Pokemon franchise, according to PWCC.
—PWCC (@PWCCmarketplace) March 22, 2022
Much of the card's value came from its PSA 10 Gem Mint grading, signifying that the card is in brand-new condition. While 3,000 copies of this card have been submitted to trading card grader PSA, only 121 of them were awarded such a status, PWCC said.
Prices for Pokemon cards have soared in recent years amid a wave of popularity surrounding the trading cards on YouTube, compounded by the rise of scalpers.
Earlier this month, another card from the same Charizard set, also with the PSA 10 Gem Mint grading, sold for $336,000 at an auction.
In February, a 1999 holographic "Illustrator Pikachu" Pokémon card — one of fewer than 40 copies — was sold for a whopping $900,000, setting the record for the most expensive Pokemon card sale in history.
—PSAcard (@PSAcard) February 24, 2022
Pokemon is the highest-grossing media franchise of all time, according to Statista, raking in $105 billion in revenue, with "Hello Kitty" trailing at $84.5 billion in revenue. By comparison, the "Star Wars" and "Marvel Cinematic Universe" franchises have drawn $68.7 billion and $35.3 billion in revenue to date, per Statista.
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Apple India has officially rejected rumours that the iPhone 5 is going to be launched in India on October 26. The folks at IBTimes India have contacted an Apple official, who confirmed that the company has no plans to launch the iPhone 5 in the country 'anytime soon'.
"We have no announcements at the moment on a launch (iPhone 5) or price in India. All reports currently (doing the rounds) are purely media speculation," PR Manager, Apple India told IBTimes.
Rumours about the iPhone 5 were triggered after BGR India citing 'multiple sources' claimed the device is going to hit the Indian shores on the last Friday of this month, which happens to be October 26. The tech site further claimed that Apple will taking care of the distribution of the iPhone 5 own, instead of teaming with the Indian cellular operators.
According to reports, the iPhone 5 will bear pricing similar or higher to the iPhone 4S (Rs. 44,500 for the 16GB model), when it launched it in India last year. Pricedeckho.com reports that the iPhone 5 will be priced at Rs. 62,990 approximately, without revealing the variant.
Apple has already reduced prices of its iPhone 4S and iPhone 4 – a move considered as a preparation for the launch of the iPhone 5.
It's notable that the Apple iPhone 5 is already available in various market, but India has once again been excluded from the initial launch schedule of the device. The device, however, is selling briskly in the grey market and via online sites such as E-bay. But sellers are charging a hefty premium for the iPhone 5, with prices going up to Rs. 1,00,000 for the 64GB variant.


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Staff at Stoke based pottery firm Emma Bridgewater say they started work on a commemorative mug 'within minutes' of the Royal engagement being announced.
Production has now started on the 1/2 pint mug in the Hanley factory, and features a classic spongeware design applied by hand with the names of Prince Harry and Meghan Markle and the engagement date.
Emma Bridgewater said: “We have been creating commemorative ware for nearly every Royal occasion for the past 30 years.
"Britain has marked its national rites of passage in china for two centuries, mostly made in Stoke-On-Trent.
"We are proud to be part of that tradition and celebrate the most recent happy news."


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WE ARE wondering if 102-year-old Hilda Cater from Huddersfield could be the world’s oldest fashion model.
The great grandmother was asked by her granddaughter, Claire Carter – a franchisee with a specialist clothing range for older people – to showcase an outfit or two for our photographer.
Hilda, who is thought to be the oldest Examiner reader and has four daughters, 12 grandchildren and 20 great grandchildren, was delighted to help Claire with her fledgling business venture but laughed at the suggestion she might have found a new career.
“They say life begins at 60, not 102,” she joked.
Claire, from Lindley – who has taken redundancy from a part-time job as a facilities surveyor at Kirklees Council – travels around the region’s care homes with a mobile ‘boutique’ of clothing supplied by the Keighley-based label Pauline May.
“I take the clothes to people who find it difficult to get out and shop for themselves,” she explained. “The main reason a lot of people are in care homes is that they are no longer mobile.
“The clothes are all easy wear, 100% washable and dryer proof.”
While Pauline May, which runs franchise operations all over the UK, is hardly high fashion, it has a loyal following.
With an increasing elderly population, Claire thought that the £30,000 she paid for the franchise, including £5,000 of stock, was a good investment. It also allows her to work flexible hours to fit in with family life. She has three children aged 12, 14 and 16.
Both Claire and her husband, George, are now self employed. George also took redundancy this year and now runs his own advertising business in Huddersfield Media Centre.
Claire’s ‘patch’ covers Huddersfield and as far afield as Oldham and Halifax – an area with 220 care homes. The clothing start from £15 a garment.


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When you think of iconic Disneyland snacks, there’s Dole Whip, Mickey-shaped pretzels, and the ever-popular churros. Disney has long played with different variations on churros, but one of their ideas that debuted in 2018, churro toffee, has exploded to a fan favorite beyond anything Disney employees have seen before.
According to Disneyland Resort Candy Production Manager Monica Weda, the squares of churro-flavored toffee have become one of the park’s top-selling candy items, and one of the most successful items that she’s seen in her almost eight years working in the candy production team.
“The churro toffee has been Candy Production’s number one selling item consistently, week over week.” she told Foodbeast. “I’ve never seen a [candy] treat over the last nearly eight years that has had popularity this strong and consistent.”
This means that amongst all of the candy apples, crispy cereal treats, cake pops, and other items you can find in Disneyland’s multiple candy shops, churro toffee is the top seller.
“It’s got some weird magical quality to it,” says Disney Food Blog creator AJ Wolfe. She was among the first to find it during its debut and has since become a big fan of it.
The sweet is made by enrobing squares of toffee in a coating of white chocolate and then dusting it in cinnamon sugar. Weda confirmed that it’s the same blend of sugar and spice that’s used to coat Disneyland’s churros. It also comes with an intriguing backstory, as the toffee was a concept that had been sitting on the back burner for years.
“Back in 2013, we had a product development session, and one of our candy makers said, ‘Hey, how about we try our English toffee but with white chocolate, cinnamon, and sugar?'” Weda said.
The toffee was delicious, but it wasn’t rolled out that year due to a lot of major sweet releases coinciding with the park’s 60th anniversary. Churro toffee, and its recipe, were kept away in files for a few years until the debut of Pixar Pier in 2018. The Candy Production Team then decided to try it out at the newly-opened Bing Bong’s Sweet Shop, and it rapidly became a fan favorite that spread to the rest of California Adventure before year’s end.
By late 2019, churro toffee was so coveted that the other parks’ food and beverage teams wanted in on the action. They used the candy squares to create other items, like a Churro Toffee Cold Brew and Churro Marshmallow Wands, that were launched during the holiday season. Weda confirmed to Foodbeast that Marshmallow Wands, which were originally sold in just 2 locations, will be available across all of the candy shops starting in 2020 due to their recent success. When asked about the meaning of Disneyland adding treats to other creations, Wolfe mentioned that “[Disney] knows when something sells.”
Churro Toffee has definitely been a huge seller, with it going from test item to a Disneyland “Core Classic,” or staple, within less than 18 months of its debut. Based on the popularity it has on both social media and within the parks, it seems like this is the next hyped treat to get alongside Dole Whip and the actual churros themselves while perusing the parks.
“I don’t see it going away anytime soon,” Weda said. “I do feel that this is going to become one of our staples within our assortment.”


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As reluctant as many investors may be to admit it, the leading sectors among U.S. stocks over the past three years are decidedly defensive. Meaning consumer staples, health care and utilities have lead the market higher.
However, the second-best performer of the nine sector SPDR ETFs has been the Consumer Discretionary Select Sector SPDR (NYSE:XLY). XLY and related ETFs represent the only somewhat risky sector funds that have been able to really keep pace with the likes of the Consumer Staples Select Sector SPDR (NYSE:XLP) and the iShares Dow Jones U.S. Healthcare Sector Index Fund (NYSE:IYH) over the past three years.
That stands to reason as discretionary stocks have rebounded on the back of improving consumer sentiment and confidence data along with improvements in the U.S. housing market. Discretionary ETFs have again been stellar performers this year. Year-to-date, XLY is up 14.2 percent while the rival Vanguard Consumer Staples ETF (NYSE:VCR) is higher by 13.6 percent. The iShares Dow Jones U.S. Consumer Goods Sector Index Fund (NYSE:IYK), which is a mix of staples and discretionary names, has outpaced its rivals with a gain of 17.1 percent.
That all sounds good, but investors may want to take a cautious approach to discretionary stocks and ETFs, particularly over the long-term. As iShares Chief Global Investment Strategist Russ Koesterich points out with regards to the U.S. consumer, "significant structural headwinds remain."
"Specifically, most US households are still facing an environment of stagnant real income, an increasing dependency on two earners, a creaking entitlement system and inadequate personal savings," said Koesterich in his May Market Perspectives piece. "All of which are likely to lead to a future in which consumption is a smaller portion of the economy than it has been over the past 70 years."
Given the sharp out-performance of consumer-related shares relative to the broader universe of U.S. stocks over the past several years, it is not surprising that discretionary and staples names share something in common. That being frothy valuations. In the case of staples, the sector is often richly valued and it indicates that since 2010 investors have either doubted the rally or have been willing to pay up to play defense. The valuation issue is arguably more concerning with discretionary names.
"While this is not unusual for the staples sectora high return-on-equity (ROE) and defensive characteristics explain why this sector typically trades at a premiumit is not the norm for the consumer discretionary sector," said Koesterich. "Given the cyclical nature of this sector, consumer discretionary stocks have normally sported valuations that are, on average, in line with the broader market. Today, however, the sector is trading at a 65% premium to the S&P 500, by far the largest premium going back to 1995."
At the ETF level, XLY currently sports a P/E ratio of nearly 17.5 and a price-to-book ratio 3.63, according to State Street data. IYK, perhaps due to its exposure to staples stocks, is even pricier with a P/E of 20.8 and a price-to-book ratio of 6.47.
Underscoring the potential vulnerability faced by discretionary stocks going forward is sub-par U.S. consumption and income growth trends. Clearly, betting against ETFs such as VCR and IYK over the past several years has proven foolhardy, but current valuations are implying the arrival of economic data the U.S. economy may not be able to deliver on.
"What is surprising is the magnitude and consistency of the outperformance (of discretionary stocks)," said Koesterich. "To say that the advance has gotten ahead of the fundamentals is an understatement. Today, by most metrics the sector looks extremely expensive. Investors have effectively discounted a normalization in consumption patterns that may never happen.
"Valuations at these levels imply a much faster rate of consumption and income growth than we are likely to see. As a result, we would stick with our cautionary stance on the consumer sectors, particularly the more discretionary companies."
In the essence of fairness, it should be noted that IYK, VCR and XLY are all trading within pennies of new 52-week highs Wednesday. Then again, that does not mean the party will last forever.
For more on consumer ETFs, click here.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


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What a fantastic evening the Elearning Marketplace team had at the West Berkshire Business Awards gala dinner at Newbury Racecourse. Around 300 guests enjoyed an evening to celebrate the diversity of business in West Berkshire from non-profits and startups to large government facilites and corporates. Thomas Plant, who regularly appears as the expert auctioneer on Bargain Hunt, hosted the evening and kept the guests in high spirits with his wit and humour.
We were absolutley delighted to be announced Creative Startup winners, from amongst the excellent finalists in this category.
The business awards were sponsored by Bayer, and it was Simon Greenstreet, Head of Communications at Bayer who judged the overall winner from the category winners. Simon said “the quality of businesses entering the West Berkshire Business Awards this year, surpassed previous years. With category winning businesses such as the Atomic Weapons Establishment (AWE) as Employer of the year; local rising star, The West Berkshire Brewery as Rural of the year and new business start up winner, E-Learning Marketplace; it was hard to identify an overall winner on the night”


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A federal appeals court has reinstated California’s ban on foie gras, finding that a state law preventing sales of the luxury liver pate made by force-feeding ducks and geese was not pre-empted by federal authority to regulate poultry products.
The ban was passed more than a decade ago after proponents said the process of fattening the livers of the birds was cruel and inhumane. The law took effect in 2011, but was blocked by a court in 2015, delighting chefs who wanted to serve the delicacy and leading to protests by animal rights groups. Read more
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RICHMOND, Va (WRIC) — Richmond is rich in grocery stores. Within the past couple of years, four new supermarket chains moved into our area.
Aldi, Publix, Wegmans and Lidl all opened multiple stores in the suburbs. With so many places to shop, how do you know where to find the lowest prices?
8News is breaking it all down for you with Grocery Cents.
This week, we comparison shopped meat at seven different stores. We checked prices on pork chops, ground beef, chicken breasts, hot dogs and bacon.
Prices were lowest at Walmart, where all five products rang up for $16.34.
Coming in just a penny higher was discount supermarket Aldi.
Next in line was Lidl, where we paid $16.75 for the same cuts of meat.
The groceries rang up to $19.05 at Food Lion.
Wegmans was about .80 cents more than that.
At Kroger, the meat cost $23.45.
Publix charged the most. The meat was ten dollars more than it was at the lowest priced competitors.
Those prices might be a little lower if you use a store loyalty card, but not all of the stores we shopped offer those deals.
The good news for shoppers is that because there is so much competition in our area, stores are dropping prices.
Supermarkets hope bargains and discounts will bring more customers into their aisles.
Tune in next week when 8News explores which stores offer the best deals on dairy products.


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Turmoil-hit Tesco sees shares fall nearly 4% amid leadership changes
Shares in Tesco are suffering the fallout from chief executive Philip Clarke’s departure, falling nearly 4 per cent yesterday and a further 0.25 per cent today as the City digests leadership changes wrought by chairman Sir Richard Broadbent.
The former civil servant replaced Clarke, leaving the board with no directors from within the business for months.
Broadbent previously dispatched finance director Laurie McIlwee in April, and his replacement Alan Stewart, from Marks & Spencer, will not start until the end of the year.
Leadership changes: Shares in Tesco suffered the fallout from chief executive Philip Clarke's departure
Tesco’s new chief executive David Lewis, who has been drafted in from consumer goods giant Unilever, will not join the company until October.
In recent days Broadbent had insisted the management changes were all part of a grand succession plan he had been working on for the past three years.
Tesco was one of the biggest fallers on the FTSE 100 yesterday, down 11.3p to 277.35p, and the shares were 0.7p down at 276.65p today.
Another profit warning, the chasm in the boardroom, and turmoil from another expected shake up is troubling the supermarket’s shareholders.
Neil Shah, an analyst at Edison Investment Research, said: ‘Under Clarke’s leadership, with successive falls in quarterly sales, there is a sense that Tesco has simply lost its sense of self.’
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Almost every entrepreneur who runs a webshop will at least have heard of Google Shopping. This relatively young tool from Google has for some time been ensuring that searches by Google users immediately result in product offers from web shops. That, of course, sounds like the holy grail. But is it that too? What exactly does Google Shopping do? And is it ultimately a good way to improve your conversion?
The importance of online advertising has also grown in 2020 compared to previous years. Given the explosion of online transactions that has taken place worldwide this year, it is becoming increasingly urgent to have a solid, effective online marketing strategy. This article explains exactly what programmatic buying is and how it works, and immediately discusses the latest trends in desktop or mobile header bidding, which gives you as a small advertiser as much chance as large advertisers.
Black Friday (and, to a lesser extent, but also Cyber Monday) can no longer be ignored in the Dutch (r) etaill landscape. The originally American phenomenon has firmly established itself in the Dutch consumer culture since 2017 and if you do not participate as a self-respecting retailer, you will most likely be unsightly. But how did it come about? How did Black Friday gain a foothold in the Netherlands? And what is the status and prospect at the moment? We have listed the Black Friday facts and figures (chronological).
If there is one industry where vacancies have been continuously added in recent years, even decades, it is the IT industry. For many years, many employers have been competing for IT graduates to work for them as software or app developers. So there is a glaring shortage of application developers, and that is still carefully formulated. But what does an application developer actually do?
Amsterdam, 11 November 2020 - Recently, cabaret artist Arjen Lubach called on the social media giants to take action with regard to 'the mythical trap'. Is democratic decision-making burdened by streams of fake news, alternative facts and other post-truth perils? If so, who will fix it? In the midst of a pandemic, and with national elections looming, much is at stake. Together with the Council for Public Administration, we assess in De Balie the state of truth-finding and democracy in the digitized public sphere. In a triptych, we take a critical look at the influence of digitization on our democracy.


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SPENCER – A bright, new CVS store on Main Street stands as a reminder that Spencer is “a place to invest in,” Town Administrator Jeff Bridges said Wednesday (Nov. 1, 2023) after a ribbon was cut officially opening the business.
Inside, the brand new store is gleaming with wide aisles and more merchandise than the prior location, a stone’s throw away near Price Chopper, could ever have stocked.
The new store is a prototype for the company, CVS District Leader Michael Gagnon said.
“If any of you have shopped at our old location, this is a big upgrade,” Gagnon told local and state officials who gathered for the grand opening.
Spencer Selectmen who attended were impressed by the store. Selectman Anthony Pepe,a member of the town’s economic development committee, said he was pleased with the partnership between the town and CVS.
Pepe said the goal was for the new building, which stands at the site of the Massasoit Hotel that burned in 1982, to blend in downtown.
“This is one of the first steps to revitalize this area,” he said.
Bridges pointed out that for those living in or near downtown, the CVS is part of the walkable community. Within a few blocks, pedestrians can get groceries, dine at restaurants, buy gifts including flowers and jewelry and pick up prescriptions. With senior housing at both Howe Village and Senior Living at Prouty a short distance away, a larger CVS with more offerings is a welcome addition and can help boost the local economy.
Some residents were happy to see that while the store is new and different, the staff are not. Store manager Sam Lasorsa said shoppers were glad to see familiar faces from the former location. Many of the employees are local folks including operations manager Jessica Bermingham who, like Lasorsa, hails from Charlton.
Flanked by Selectmen Pepe, Gary Woodbury, Ralph Hicks, chairman John Howard and State Rep. Peter Durant, R-Spencer, Fire Chief Robert Parsons and Bridges, Lasorsa cut the gold ribbon with a pair of giant scissors officially opening the store, although it’s already been welcoming customers.
Several town employees gathered for the event.
Gagnon said it’s been 5 years since CVS began the quest for a new location in town after operating in what was once Beacon Pharmacy.
Throughout the process, there was some controversy but eventually, the project was approved.
Durant, who grew up in Spencer, presented a citation from the state House of Representatives on behalf of himself and Rep. Donald Berthiaume, R-Spencer, said the store represents, “a community effort.
“Fun fact,” he said. “This is where the Hotel Massasoit stood; I worked there in high school.”
In fact, the site has a rich history. Before the hotel’s construction, it was home to Jenk’s Tavern, where President George Washington once stayed overnight in 1789. The tavern tragically burned down in 1870.


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Hibbett Sports (NASDAQ:HIBB) managed to post 2Q earnings that were $0.32 a share (besting $0.31 consensus) and revenues were $194 million (beating $187 million consensus). Sales were up 4.1% y/y and square footage up 6.4% y/y. However, higher expenses cut into earnings. Store operating, selling and admin expenses were 24% of sales - versus 23.4% in 2Q 2013. Gross margin was also down to 33.2% last quarter, while 2Q 2013 was 34.3%. Shares are down 8% since earnings.
It's worth noting that the company's double digit profit margin is more than double the likes of Dick's Sporting Goods and Cabela's. Shares are down 10% since we first covered the company back in May. As we noted, there's still value in the company's business model, stating,
Over 75% of its stores are in small towns, isolated from larger markets and larger competitors. Hibbett's store base, at over 900 stores, is about 60% larger than that of Dick's. However, given the geographical markets that it targets, Hibbett runs less of a risk of saturation. Hibbett's has already identified another 500 markets in the 31 states it operates that would be ideal for Hibbett stores. It plans to open another net 65 stores this year, and management wants to have over 1,300 stores by the end of fiscal 2019.
The company now expects full year 2015 EPS to be between $2.63 and $2.73. That's well in line with consensus estimates. It now trades at a forward P/E of 15.3x, putting its PEG ratio at 1.25 - still below Dick's Sporting Goods and Cabela's.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.


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AT&T and Samsung today announced the upcoming availability of the Samsung Go, a new netbook.
Add another open mobile operating system into the mix. Samsung Electronics this week announced the launch of its own Samsung bada.
Samsung Electronics is racking up more mobile WiMAX contracts. The company on Wednesday announced it won additional supply contracts from UQ Communications in Japan.
Samsung Electronics has signed a $1.3 billion licensing agreement with Qualcomm...
MetroPCS Communications is getting its first Windows Mobile 6.1 OS phone with today's release of the Samsung Code for $299.99.
Since launching the Palm Pre back in June, Sprint continues to accumulate a rather impressive portfolio of high-end smartphones. Wednesday's announcement from Samsung at CTIA was no exception.
Samsung has a hungry eye on the enterprise space. Today, the manufacturer unveiled a new initiative to increase its presence in the corporate market.
Vodafone injected new life into the Linux platform with yesterday's announcement of the Samsung 360 H1 Smartphone...
Samsung today announced the upcoming availability of the Samsung Instinct HD.
Samsung’s Mondi, recently brought to the United States via Clear’s WiMAX launch in Las Vegas, is one of the few 4G-enabled handheld devices on the market.
Discount carrier MetroPCS Communications has tapped Ericsson and Samsung for its 2010 launch of its LTE network.
The Samsung Rogue and Samsung Intensity messaging phones have landed at Verizon Wireless, providing fervent texters with yet more options.
Samsung Electronics says it has developed the first LTE modem that complies with the latest 3GPP standards that were released in March.
Sprint dove into the green cell phone market Thursday with the introduction of the Samsung Reclaim
Th new Android-based T-Mobile myTouch 3G, as well as an assortment of T-Mobile products and services, are available in more than 4,000 RadioShack stores across the United States and Puerto Rico.
T-Mobile USA today launched the T-Mobile Gravity 2 from Samsung.
AT&T and Samsung today announced the Aug. 2 availability of the Samsung Solstice.
Earlier this month, Sisvel, VIA Licensing and MPEG LA all issued separate shout-outs to companies holding patents essential to the LTE standard in the hopes that they can create a joint licensing agreement
Verizon Wireless today released an initial set of technical specifications for devices that will run on its forthcoming LTE network.
A Frost & Sullivan report concludes that mobile operators will trend toward fully maximizing their high-speed packet access
LAS VEGAS—CTIA kicked off its annual spring trade show with a series of three keynotes from industry executives who emphasized continued growth through innovation.
LAS VEGAS—Alcatel-Lucent may have gotten a big win at Mobile World Congress (MWC) when Verizon Wireless named it as one of its LTE vendors, but
Though LTE offers cost savings and performance improvements, integrating LTE into existing operations presents challenges for carriers.
All Roads Lead to LTE: An educational piece brought to you by 3G Americas. This paper is an essential primer to the latest industry developments regarding the inevitable evolution to HSPA+ and LTE. Read now


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The biggest cement factory in sub-Saharan Africa has been opened in Nigeria by Africa's richest man, Aliko Dangote.
The Obajana plant in the central Kogi State is expected to produce about 10 million tonnes of cement a year.
It is one of the country's biggest investments outside the oil sector in recent years.
BBC Nigeria correspondent Will Ross says there is reason to be optimistic about Africa's economic prospects.
Nigeria's economy is expected to grow by about 6% this year.
However, analysts warn that the growth is not reaching all sectors of society and the gap between the rich and poor is growing ever wider.
Our correspondent says the ceremony was a glitzy affair, with plenty of personal wealth on display as Nigeria's elite came together to celebrate industrial success.
He adds that Chinese workers in bright orange overalls were among the guests - a Chinese firm installed the latest line at the plant.
President Goodluck Jonathan called the plant a "quantum leap" for Nigeria's cement sector.
The Dangote group has invested some $6.5bn (£4.2bn) in the sector in recent years.
There are also plans to expand the Obajana plant to make it the world's biggest.
- 17 November 2011
- 13 February 2012
- 18 February 2019


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Tesla has consistently been adding program to a in-car touchscreen infotainment displays – including infrequently things that substantially leave a lot of people scratching their heads. During a special QA currently during annual gaming eventuality E3 in LA, Tesla CEO Elon Musk suggested that Tesla’s in-car arrangement will support YouTube someday soon.
This isn’t a initial time that a Tesla CEO has suggested YouTube competence one day have a home in a company’s cars: In response to a fan’s doubt on Twitter final Aug he remarkable that ‘version 10’ of a company’s in-car program would yield support for third-party video streaming. The association debuted a ‘Software Version 9.0’ final year.
Musk privately pronounced YouTube would be entrance to cars during a E3 eventuality today, during that he revealed that Bethesda’s Fallout 3 would be entrance to a infotainment displays, and denounced a demo video of Android diversion Beach Buggy Racer using on a arrangement in a Tesla Model 3.
On a new podcast, a Tesla CEO also pronounced that a association would cruise opening a height some-more broadly to third-party developers for both apps and games. The association has finished a lot on a possess to supplement program ‘Easter Eggs’ to a lurch display, though branch it into a loyal height is a most some-more desirous vision.
On a face, adding attention-heavy apps like streaming video services to a automobile really seems counterintuitive, though to be satisfactory to Tesla, a vast series of drivers currently use their phones for in-car navigation and those can also all technically arrangement YouTube during any time. It does seem like a box of Musk’s mind racing forward to a day when his cars are entirely autonomous, something he recently reiterated he expects to happen within a subsequent integrate of years.


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Opera, one of the world’s leading browser providers with more than 360 million users, and new offerings across content, classifieds and digital financial services, has announced its intention to purchase... more
The post Opera pushes hard into digital financial services with Bank acquisition appeared first on Payments Cards & Mobile.
From Egypt and Jordan through to the Gulf, the Middle East has seen a lot of progress in payments. Yet some significant roadblocks remain, including rising fraud, enabling cards for... more
The post Clear the runway – unblocking payments in the Middle East appeared first on Payments Cards & Mobile.
To remain competitive and optimise customer satisfaction, application leaders responsible for digital commerce must anticipate the future of consumer payments. Payments have the potential to be entirely cashless, but may... more
The post Research Note: The future of digital commerce and payments in a digital society appeared first on Payments Cards & Mobile.
BitPay has launched the BitPay Card, the first Mastercard Prepaid card for crypto users in the US. The Card enables customers to instantly convert cryptocurrency into fiat currency, which is... more
The post BitPay launches BitPay Card in for Blockchain community appeared first on Payments Cards & Mobile.
I think that the fact that COVID-19 has ravaged economies and industrial sectors does not need to be mentioned again, however the impact on FinTech is now starting to be... more


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USA: Chiquita comments on U.S.-EU banana trade agreement
Chiquita Brands International, Inc. (NYSE: CQB) commented on the agreement announced yesterday between the U.S. Government and the European Commission regarding their long-standing dispute over the European Union's banana import regime. Chiquita stated that this agreement is expected to result in a partial recovery in future periods of the EU market opportunities previously available to Chiquita and Latin American producing nations. However, the Company still intends to proceed with the proposed restructuring of its parent company debt announced earlier this year. This restructuring initiative is necessitated by the cumulative effect on Chiquita of the EU's discriminatory banana import regimes over the past eight years, as well as the accelerated weakening of European currencies in recent years. The agreement announced today will provide no compensation to Chiquita for past damages attributable to previous EU regimes.
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Full speed ahead into the virtual world. Video conferences, remote service, webinars
Lockdowns, travel restrictions, physical distancing – a year ago, few would have imagined what the “new normal” would look like in 2020. The coronavirus pandemic has the entire world in suspense. But there’s no time to stand still, certainly not in an essential sector such as the food and beverage industry. And so, instead of stopping us in our tracks, the crisis has inspired an unparalleled drive to find new ways of working together, from a distance.


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KRWG.ORG-The Region's Home Page
Wed September 3, 2014
CVS Stops Selling Tobacco
Originally published on Wed September 3, 2014 2:21 pm
Today, CVS Pharmacy plans to stop selling tobacco products at all of its locations nationwide. Experts say the move, which was announced back in February, could prompt other major pharmacy chains to do the same. Jordan Weissmann of Slate joins Here & Now’s Jeremy Hobson with details.


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Deal could come through when AT&T's exclusive rights expire next year
Apple is in talks about developing an iPhone for Verizon’s wireless network—with possible deployment next year, USA Today
reports. Currently, the iPhone is only available on AT&T’s GSM network, which is incompatible with Verizon’s CDMA operation. AT&T has exclusive US rights to the iPhone...


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We received a tip from a Spanish-speaking Mash reader that did some digging (pun intended) that indicates Digg may be interested in acquiring Meneame, a popular Spanish-language social news site. The report is based on some message board postings (in Spanish) between Meneame company execs. On the message board of Martin Varsavsky’s (a Meneame investor) site, Meneame co-founder Ricardo Galli writes (English translation):
“… we are trying to find a collaboration point with Digg. Martin has already met twice with them. So far it seems there is mutual interest but there are some long and hard meetings pending.”
Other Meneame co-founder Benjami Villoslada also adds:
“Early September they already told us they were interested in Meneame”
Digg has already been cloned in seemingly every part of the globe, but Meneame actually has a lot of traction, with front page stories receiving hundreds of votes. Alexa shows it as the 31st most popular site in Spain, while placing in the top 2,000 in other major Spanish-speaking countries.
In his recent interview with the Guardian, Digg CEO Jay Adelson was fairly coy when asked about the company doing white label offerings, saying:
“That's hard to answer without going too much into our more confidential strategy.”
While this rumor could be little more than the Digg paparazzi doing some fun investigative blogging, an acquisition of Meneame might make some sense in helping jumpstart Digg’s international expansion. The company clearly has ambitions beyond being a hub for tech news, with new sections for video, sports, entertainment, and more.
Update: We've been "Meneame'd!" Thanks to all of our international Mashable readers.


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New York remains the most expensive business trip destination in the world in 2022, as a post-pandemic surge in business travel and tourism increased the cost by 8% from the previous year. The city cost business travellers $796 per day, says the consulting firm ECA International, which considered four-star hotels, meals, taxis, drinks and incidentals as part of its survey.
The US dominated the overall ranking of the most expensive cities for business travel globally, with Washington DC and San Francisco both making the top five. Switzerland is home to the two most expensive business hubs of Europe: Geneva, which came in second ($700), and Zurich, which ranked fourth ($641). London and Paris also made it into the top 10, with daily expenses of $583 and $557, respectively.
Rising inflation rates were a major factor in the increase in travel costs, while a pandemic-led drop in demand led to more affordable rates in places like China. Hong Kong was the most expensive destination in Asia, with average daily costs of $520 — only $5 more than financial hub rival Singapore. London and Paris retained their top ten positions and Angola’s Luanda was the priciest place in Africa.


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The CEO of MasterCard, Ajay Banga, has called cryptocurrency “Junk” this week. Banga claims that these digital “coins” are being used for illicit activities both on the internet and in real life. He went on to compare this to the way that cash is empowering people to transact in illicit deals. Banga went on to express his opinion that that credit cards, including those issued by the company he represents, presented a safer method of transacting with a better level of transparency.
Ajay Banga Speaks Out About Cryptocurrencies
Ajay Banga recently attended the “New India Lecture,” where he was asked about his opinion on cryptocurrencies and how these currencies compared to cash and credit cards. Banga’s response made his misbeliefs in cryptocurrencies clear. He pointed out that these “currencies” are not a good “medium of exchange.” He continued to explain that crypto coins do not offer the same transparency as standard payment mediums, such as a credit card. He added that these currencies also do not yield similar predictability as compared to more traditional currencies, such as the US Dollar.
Banga expressed his concerns about the fact that cryptocurrencies provide a way for making semi-anonymous transactions. With no authorities or banks involved in these transactions to monitor where money is being sent and, possibly, what it is being paid for, people are encouraged to turn to crypto coins for illicit transactions. When no authorities or central parties are involved, it is so much harder to track down the people who are participating in the dark web.
Banga went on to defend credit cards, discussing how credit and debit cards are not used for the funding of transactions that are considered illicit, as these cards are controlled by central authorities. Further on, he compared the anonymous “benefits” of cryptocurrency to those of cash, and advised that people need to start moving to a digital world, but should choose credit cards over cryptocurrencies.“Society needs to wake up,” said Banga.
Cryptocurrency Issues Addressed
During Banga’s speech at the New India Lecture, he defended his statements by pointing out several issues that cryptocurrencies are currently facing. In particular, he mentioned that fact that the exchange rates for these currencies can fluctuate quickly and “wildly,” which does not make them an ideal medium. He also mentioned his concerns about these coins being used for social security fraud, credit card fraud, drugs, and child prostitution. By paying for these illicit activities through cryptocurrency, authorities would have a much harder time catching the culprits, according to Banga.
The CEO of MasterCard also mentioned a recent incident where Bitcoin, considered the “main” cryptocurrency, was used for illicit activities. In the incident that took place in 2016, several Russian nationals were charged after hacking into the US government computers. A total of 12 intelligence officers from Russia faced charges, and it was later discovered that they hacked these computers in order to “rig” the 2016 election. Bitcoin was used to purchase the servers that they used to do the hacking.
This is not the first time that Banga and MasterCard have voiced their concerns regarding cryptocurrencies. Earlier this year, it was reported that MasterCard blamed the recent changes in the cryptocurrency world for the drop in their growth in the first-quarter of 2018. At the time, their cross-border transaction growth rate was down 2% from the previous quarter.
MasterCard blamed this reduction in their growth rate on the fact that fewer people were using their cards to buy Bitcoin, as well as other cryptocurrencies. These events came after several financial institutions, including Citigroup, JPMorgan Chase, and the Bank of America started to ban the use of their credit cards for the purchasing of Bitcoin and Altcoins.


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Over the last 15 years, brands have been increasingly doing a run-around to bypass their retailers and sell direct. Some brands suggested they’d never have a physical store. Some brands said they’d never have their products sold in another retailer’s physical store. What allowed the brands this hubris? The internet and Facebook. With the internet, brands would have a ‘store’ anywhere the customer is, and with Facebook, they could target them.
In today’s Times, we learn of brands that have been shaken from this assumption, including Peloton. Peloton, which was born with the plan to skip stores, announced this week that it will sell on Amazon. And, I imagine you may soon find it at Walmart and Target. Casper is sold at Raymour & Flanigan. Allbirds is sold at Nordstrom.
Brands need stores because stores are where the customers are. Peloton is realizing this, and ideally all brands in our home goods industry will.
Today, I suspect some brands in our industry spend more money on D2C Facebook ads than on trade show space that fosters their stores. Over the last few years, some brands moved their money from paying rent at the Atlanta Mart to paying Zuckerberg. I wonder if the sales manager at the mart knows her competitor is a tech company in Silicon Valley.
For home goods brands to side-step their stores, it takes people (aka marketing managers) and online adverting. These two things have recently become more expensive. Labor costs are up and so are Facebook advertising costs, driving brands back to the arms of their stores.
This article speaks to why Bridge’s 1,000 stores are here to stay. Whether your are Peloton or a tableware brand, you can’t rely on Facebook. You need your stores.
Read the full article:
View Post at ShopLocal.org


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New location, new events, and limitless new possibilities.
That’s what’s in store for IETC 2022 – and YOU can be in the front row for it all.
To make the most of our return to full in-person learning, IETC has expanded to feature more learning opportunities geared toward every role in the edtech community.
According to LTC Executive Director Tim McIlvain, this year’s expansion is another bold step toward creating Illinois’ most inspirational and relevant edtech gathering.
“IETC brings something new to the table each year,” he says. “This year, it’s a new home at the BOS Center. Not only is the venue a fresh location in downtown Springfield, that change was the catalyst for a series of enhancements that will help make IETC 2022 the best yet.”
He adds, “I think this year’s event will really resonate with attendees. We’ve added more sessions, keynotes, and networking opportunities than ever before, including a new Tech Leader Summit and Trivia Night. We even had to add on an extra day to fit it all in.”


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A new startup coming to Austin is changing the electric vehicle game in the form of the Grunt, the Stag and the Beast.
Volcon, an all-electric powersports manufacturing startup, is working on filling a gap in the powersports market and making outdoor adventures sustainable again. After purchasing 53 acres of Austin land for its headquarters, the dream is becoming a reality.
The company, which is still crowdfunding through WeFunder, is currently the only fully-electric outdoor powersports vehicle company in the industry and said it aims to be the "Tesla of the $10B outdoor powersports industry."
The company will offer three weird-looking vehicles:
Big tires and a small body are the defining features of this diverse terrain motorcycle. Starting at $5,995 reserved, the grunt will get you to its top speed, 60 mph, in six seconds with a 100 mile range, 70 feet per pound of torque and features swappable batteries so you can spend more time riding. The grunt is expected to become available in April or May 2021.
A more practical option, the stag has two seats and 150 miles of range. Volcon is offering the stag in both two and four wheel drive options, both of which will take you zero to 60 in five seconds, with a top speed of 70 mph and 300 pound-feet of torque. The stag starts at $14,995 but isn't even available for reservation yet.
If you just can't drive a vehicle without a truck bed, Volcon has you covered with the beast. This "beast" gives you double the torque of the stag, 600 pound-feet, a top speed of 80 mph covering a range of 150 miles and it will get you zero to 60 in 4.5 seconds. The Beast will cost you a pretty penny, $24,995, but you'll be able to feel the wind through your hair.
Production for the Stag and the Beast isn't expected to start until late 2021 in Austin. Through WeFunder, Volcon is offering equity in the company for investments of $1,000 and up.
Though these new vehicles aren't on the market, or even guaranteed to hit the market, if the grunt does well, expect to see these funky vehicles hitting the great outdoors soon.
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The city of Austin is warning residents of toxins that are dangerous to both humans and animals in Barton Creek waters at Sculpture Falls.
Concerning levels of cylindrospermopsin were discovered on Sept. 22 after a person got sick and samples were sent to get tested on Sept. 9. Signs will be posted at access points to Sculpture Falls that people and their pets should not injest or swim in the water.
Unlike the harmful algae making dogs sick in parts of Lake Travis and Lady Bird Lake in past summers, these toxins are found in the water, the city says. Barton Creek visitors are asked to avoid stagnant water especially.
The toxins also result in different health effects than the harmful algae in Lady Bird Lake, including liver and kidney damage. If exposed, people can feel:
- Bloody diarrhea
TinyFest Texas 2021
When: 10 a.m. Saturday – 5 p.m. Sunday
Where: Jourdan-Bachman Pioneer Farms, 10621 Pioneer Farms Drive
What: Tour tiny houses, van converstions, shipping container homes and more at this year's TinyFest. Grab tickets here for a weekend of speakers, workshops and panel discussions plus live music, food and more!
Fierce Whiskers Grand Opening
When: 12 p.m. Saturday
Where: Fierce Whiskers, 5333 Fleming Court
What: Fan of whiskey? Come along to the free grand opening of Fierce Whiskers Distillery's new tasting room. Enjoy bites from a food truck, oysters, musical performances and a raffle.
Austin Summer Carnival
When: 6 p.m. Saturday – 2 a.m. Sunday
Where: The Venue ATX, 516 East 6th St.
What: Don your dancing outfit for this carnival that celebrates the African heritage with Brazilian, Latin and Caribbean rhythms in Austin. Snag your tickets here.
Beginner's Succulent Arrangement and Planting
When: 3 p.m. – 4 p.m. Sunday
Where: Succulent Native, 5501 North Lamar Blvd.
What: Calling all first-time planters: Get your hands dirty and learn about succulent and cactus arrangement and care. No tools required! Grab your tickets here.


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Taste the rainbow, no more!
The Bagel Store, made famous for its viral “Rainbow Bagel,” has closed its door for the second – and final — time this past week, according to the shop’s social media.
The closure, highlighted Monday by the Brooklyn Bagel Blog, comes after Scot Rossillo, owner of The Bagel Store and self-proclaimed “World Premier Bagel Artist,” rose to viral fame in 2016 after a Business Insider video highlighted the shop’s sensational, multi-colored bagels.
Though no formal announcement was made, The Bagel Store’s Instagram bio has been updated to read, “THANK YOU ALL FOR LOVING US ALL THESE YEARS DUE TO HEALTH CONCERNS WE WILL BE CLOSED ALWAYS CHOOSE HAPPINESS.”
The shop’s skyrocket to fame slammed business, causing Rossillo to temporarily close his original Bedford location to optimize the store for the heightened traffic.
Its second location, on Williamsburg’s Metropolitan Avenue, was seized by the state tax department three years later, in July 2019, due to Rossillo owing $900k in unpaid taxes, Eater reported. The bagel guru told the publication at the time he was in the process of negotiating, but would instead reopen on Park Slope’s Fifth Avenue.
The following year, amidst a global pandemic, The Bagel Shop opened at 69 Fifth Ave., where it remained until as recently as April 17, when a post on social media proclaimed the eatery to be open.
Rossillo had also since tried to expand on The Bagel Shop’s viral fame, using rainbow images for the store’s social media avatars, and adding additional fun creations to the menu, such as the “Unicorn Bagel” — a Rainbow Bagel topped with rainbow cream cheese, or cookie dough cream cheese (and, of course, rainbow sprinkles).
As of May 9, The Bagel Store was marked as closed on Yelp and removed from Google Maps.
In a “breaking news” post, Sam Silverman of the Brooklyn Bagel Blog paid tribute to the novelty bite’s time on the borough’s menu.


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Queueing, like morris dancing or drinking on trains, is a British tradition in danger of extinction. The very fundamentals of the way we queue were questioned this month by Danish research suggesting the first-come-first-served approach is inefficient. But even more of a threat to the survival of the queue is the tech industry, as companies line up to relieve us of the tedium of waiting for what we want.
Beer and food ordering apps, such as Orderella and Q App, enable you to order and pay from your phone at a pub or cafe. Queue-dodging app eet measures footfall at restaurants to let diners know before they arrive if there is a long waiting time. Citymapper makes negotiating public transport less painful and, thanks to Uber, people don’t expect to be kept waiting more than a few minutes for a cab. Meanwhile, near-field communications technology in mobile payment systems and contactless bank and travel cards has cut queues almost everywhere.
Now that the digital age has introduced us to the joys of instant gratification, waiting interminably in line is no longer accepted as necessary part of life. “Tech, mobile apps and information flow is creating a generation of people who are saying ‘I don’t need to wait’,” says Michael Xenakis, managing director EMEA of online restaurant reservations provider OpenTable. “Our expectation in the restaurant industry is that people will become less willing to wait to get seats somewhere.”
Google has been keenly focused on aiding queue avoidance, updating Google Search and Google Maps this summer to include its new Popular Times tool showing when venues, from gyms to shopping centres, are at their most crowded by tracking the location of people’s smartphones. In addition, Google Maps is fine-tuned to help users avoid delays since Google’s acquisition of Waze, the GPS navigation app that crowdsources data to give real-time updates on traffic accidents and congestion.
Evidently, we’re willing to have our every move tracked as long as it makes our lives easier. Marc Curtis, head of labs at marketing agency TMW Unlimited, says: “Dave Eggers’ [novel] The Circle is a fictional insight into potentially how far Google or Facebook will go.” He adds: “Either people don’t care enough or they are getting enough out of [handing over their data] not to be not too worried about it.”
Retailers have recognised that the efficiency and convenience experienced by online shoppers needs to be part of the in-store experience, with click and collect services having become mainstream. Waitrose enables shoppers to avoid queues by scanning and packing items as they shop with its Quick Check service and Sainsbury’s is also getting in on the act with its self-checkout smartphone app.
While iBeacons have been used in some stores to track shoppers’ location and serve them with relevant offers as they browse, as yet location technology is still in its nascency in retail. But the future could see us making our way around shops with the same precision we navigate the outdoors.
Will Seymour, brand officer at consumer research company Future Foundation, says: “Soon we’ll start to see indoor navigation thanks to Wi-Fi location mapping and iBeacons. This will give people a tremendous amount of control over how they walk around a building.” Much like Google Maps, an indoor navigation could alert people to alternative routes in stores and other venues to avoid crowds.
We’ll also be saved the trouble of taking out our wallets or smartphones to pay, as wearable payment devices become increasingly sophisticated. One of these is the Nymi wristband, which verifies a person’s identity using their unique heart beat. As well as payments, the device could be eventually used for logging on to your laptop or as ID when travelling.
Products in shops could also be embedded with technologies that enable people to pay for them just by picking them off the shelf. “There will be no distance between wanting to have something and the mechanism by which you have it. If you have it, you pay for it. I like to think that shopping in the future will be so easy it will feel like theft,” says Seymour.
Companies that ignore customer expectations around fast, efficient service do so their peril, Curtis warns: “If brands want to remain relevant then they have to be offering apps and services that give genuine utility to people, rather than just trying to sell them stuff.”
Despite all the anti-queueing technology at our disposal, there are still events and product launches worth waiting in line for. But, as evidenced by the existence of companies such as LineAngel and TaskRabbit that hire out professional queuers to stand in line for you, people would rather pay than endure the tedium of waiting. One woman even went as far as creating her own robot to hold her place in the queue for the new iPhone 6S.
You only have to go to the Post Office on your lunch break to see that it will be some time before long queues will be expunged from daily life in Britain. But now that we’re used to getting what we want in an instant, it looks like the end of the line for queueing’s status as a national sport.
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At some point in the future, you may be able to continue skimming your Kindle or playing Words with Friends when jetting off the runway, The New York Times reports. The Federal Aviation Administration (FAA) may be reconsidering its policy on use of electronic devices during take-off and landing.
Laura J. Brown, deputy assistant administrator for public affairs for the FAA, told the Times, “With the advent of new and evolving electronic technology, and because the airlines have not conducted the testing necessary to approve the use of new devices, the FAA is taking a fresh look at the use of personal electronic devices, other than cellphones, on aircraft.”
Currently, the FAA prohibits use of electronic devices during taxi, take-off and landing; this means iPads, laptops, iPods, ereaders, and basically anything that has buttons and batteries must be powered down. Additionally, use of wireless devices like cell phones is banned on all flights.
It’s all for our protection, of course.
The FAA says that signals from passengers’ personal electronics could interfere with navigation and communication systems on planes.
As of now, FAA rules permit airlines to conduct their own testing on the effects of electronic devices on planes. Carriers may permit use of devices in the air as long as they can prove that they won’t compromise safety. But the airlines havn’t bothered, as such tests require time and money.
Now, the FAA is stepping in, promising to take a second look at the ban. At this point, it looks like the FAA will conduct its own tests, possibly in conjunction with electronic manufacturers, the airlines, and other key groups.
In a statement to the AP, the FAA said that “no changes will be made until we are certain they will not impact safety and security.” So flyers should have nothing to fear.
After all, it’s been unclear from the get-go whether use of electronic devices during take-off and landing as well as use of cell phones in flight ever caused a legitimate threat.
No plane crashes have ever been blamed on passengers’ gadgets. A study by the Radio Techinical Commission for Aeronautics conducted in 2006 found that “there was no evidence saying these devices can’t interfere with a plane, and there was no evidence saying that they can,” reports The New York Times.
So until futher studies happen, the airlines will stick with their better-safe-than-sorry approach.
What’s your opinion? Should passengers be allowed to use electronic devices during take-off and landing?
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Famous rice brands such as Koshihikari and Hitomebore usually come from the Tohoku region and Niigata Prefecture, but varieties grown in northern and southern ends Japan are building tasty reputations as well.
The Japan Grain Inspection Association has granted its "special A" ranking to 26 brands harvested last fall, with two from Hokkaido and five from Kyushu. Tohoku produced 10 and Niigata four.
While the number of brands with the top ranking rose across the nation, the association stressed that farmers in Kyushu and Hokkaido can be expected to continue to develop high-quality rice.
(Source: The Japan Times Online)


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“While we are working with a number of different stakeholders to embed our intelligent motor systems in ‘best fit’ applications on the global market, first engineering examples of the DVR Drill Press are scheduled to be implemented in the factories of some reputable U.S. American enterprises by June 2014,” announces Roger Latimer, Executive Director and Co-Founder of Teknatool International Group and DVR Technology Developments. “The future of DVR is bright and our local R&D team is proud to present to the New Zealand government the considerable progress the technology has made in form of the DVR Drill Press with all its unique features."
The DVR Drill Press is driven by a direct drive without belts or pulleys and has its own load sensors. The machine knows where the spindle is at all times. Being able to identify when the motor is required to run not only makes the drill press very energy efficient but provides superior safety features. “Great product development with help from Callaghan NZ and Better by Design” tweeted Joyce after his visit to Teknatool.
Phone: +1 (727) 954-3433
Fax: +1 (866) 748-4193
On Tuesday, 1 April 2014, the Honorable Steven Joyce, New Zealand’s Minister of Economic Development, Science and Innovation, paid a visit to Auckland based Teknatool International Group (Teknatool). The global manufacturing exporter Teknatool, known for the well-established NOVA woodworking brand and intelligent Digital Variable Reluctance (DVR) motor technology with subsidiary in the United States, has qualified as one of the few recipients, selected as beneficiaries of the Callaghan Innovation Fund. Joyce’s visit served to follow up on Teknatool’s previous experiences with the Callaghan Fund as well as Better by Design, and New Zealand Trade and Enterprise, all of which focus on furthering New Zealand’s businesses to export globally. Teknatool seized the opportunity to demonstrate latest developments and Research and Development (R&D) progress. Star of the demonstration was Teknatool’s recent innovation in the field of wood and metal working – the DVR Drill Press.


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The parent company of Riot games and one of the largest mass media organisations in the world, Tencent, is expanding further into the gaming scene, by buying up a 28 per cent stake in South Korea's CJ Games, for $500 million (£302 million). The share acquisition will also transfer control of the online mobile gaming portal, Netmarble to Tencent.
As Reuters points out, this is just oee of several purchases Tencent has made recently, as it looks to position itself to compete directly with Alibaba, a technology and online commerce group that is soon set to float itself on the stock exchange in the US and thereby garner a bit capital investment. It has its own mobile developer platform and has pushed into gaming in recent years, so could directly compete with Tencent holdings in the future.
However the CJ Games purchase also gives Tencent a bigger foothold in South Korea, the mecca of professional gaming. This could also be a way for it to push its own pro gaming developments, spearheaded by League of Legends.
It'll work the other way too, with Tencent giving CJ games a route to expand into China and overseas.
KitGuru Says: Tencent is becoming a real global powerhouse for gaming. Somebody get them to release that Cryengine Monster Hunter Online over here though.


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In the field of economics, there are two types of challenges. First, urgent issues, and second, long-term problems. In this report, we examine the immediate economic issues facing the Iranian regime’s new government.
The budget deficit and the problem of providing basic goods seem to be the most important immediate challenges facing the government in the field of economy. A budget with a heavy deficit facing Raisi’s government and economic indicators shows the acute conditions that the new government will face at the beginning of its activity, which will begin in the coming weeks.
Meanwhile, the budget deficit, the forecasts of which show a minimum of 300 trillion and a maximum of 450 trillion tomans, is the most important problem facing the new government.
The general budget of the government for 2021 was finalized with resources and expenditures of 1,370 trillion Tomans.
In the meantime, apart from tax revenues and sales of government goods and services, which are projected at about 455 thousand billion Tomans and seem not to be achievable, a significant part of the resources obtained from the transfer of state-owned companies amounting to 256 thousand billion Tomans, sale of securities with 132 trillion Tomans, oil revenues with 349 trillion Tomans and resources from the sale of government property with 45,000 miles are not feasible too.
In this regard, the budget performance of the government in the first four months of this year, although not officially published, but the news and some figures show that the above figures have been achieved to a very small extent which is not significant and will solve nothing.
For example, oil sales revenue is based on daily sales of 1.5 million barrels for $55, while various statistics have stated that the amount of oil sales in 2021 is 700,000 barrels per day and the average price is about $70.
Predicting the continuation of this trend until the end of the year, about 40% of oil revenues, equivalent to about 140 trillion tomans will not be realized.
Regarding the transfer of state-owned companies, although in recent weeks 100 trillion tomans of government debt were transferred to social security in the form of debt relief, the possibility of further transfer, especially through the stock exchange, is difficult due to relatively fragile conditions. Only 100 trillion tomans have been achieved, and no other significant amount can be transferred.
In terms of bond sales, the Central Bank statistics show sales of only 4.9 trillion tomans by the end of July, if the same trend continues, if until the end of the year a figure of more than 15 trillion tomans of bond sales is not achieved, the government will face a deficit of 117 trillion tomans by the end of the year.
Meanwhile, the outgoing government has started the definite expenses foreseen in the budget, including increasing the salaries of employees and retirees, equalizing their salaries, and some other measures, such as increasing job and managerial extras for some groups, which will result in the realization of 100% of current expenses.
In such circumstances, the government has received a salary equivalent to 40 trillion tomans from the central bank at the beginning of the year, which the budget deficit will cause unsettlement and even increase the funds or other inflationary financing methods from the central bank and banks.
The challenge of reducing costs has social and welfare implications for wage earners, and its continuation will lead to budget deficits and rising inflation.
The 13th government’s shortage of basic commodities is set in a situation where the alarm for basic food commodities is already sounding.
Basic food products refer to the price and production of goods such as milk, meat, eggs, etc., the production of which depends on livestock inputs such as cereals.
While Iran is even among the top 10 countries in the world in the production of some of these products such as chicken, but in terms of self-sufficiency in the production of inputs, it is not in a good position at all and this issue has become the Achilles heel for Iranian food security.
Statistics of dependence on the country’s foreign trade statistics last year show that this year, out of a total of about $38.9 billion in total imports of goods, about $12.3 billion, or 31 percent, was allocated to imports of basic goods.
Also, the report of Fars News Agency, quoting the customs spokesman, states that the three goods of corn, barley, and soybean meal as poultry and meat production inputs, weighing more than 13.4 million tons have allocated 58% of the total weight of imports of basic goods to themselves.
What has happened this year is that the dependence of the production of basic goods on the import of livestock inputs has led to an increase in the exchange rate along with general inflation in recent months, causing costs to grow along the supply chain of livestock products.
On July 14 this year, the Ministry of Agriculture Jihad reported that the increase in world prices of imported inputs and other expenditure items in the new year, along with the unprecedented drought in the country, general price inflation and a significant increase in fodder prices compared to the previous year, drastically increase the cost of livestock production.
This, combined with false and seemingly consumer-friendly controls, has led, for example, that farmers were forced to slaughter their livestock and even their productive livestock.
Accordingly, the slaughter of light and heavy livestock in the first two months of 2021 compared to the same period last year increased by 71 and 84%, respectively, and this trend has intensified.
Emphasizing price reform (in the case of raw milk, which can be extended to other parts of the supply chain), the Ministry of Agriculture Jihad has warned that the elimination of productive livestock, in addition to the loss of capital and genetic resources of the country’s livestock, will soon lead to decreased milk and meat production to an alarming point and drastically reduces the total livestock population.
On the other hand, given the 3.5 to 4-year generation gap, there will be no way to compensate for the declining livestock population in the medium term, putting the country at risk of a shortage of milk and meat.